TCR_Public/150721.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, July 21, 2015, Vol. 19, No. 202

                            Headlines

AEROGROW INTERNATIONAL: Issues 799,553 shares to SMG Growing
AEROGROW INTERNATIONAL: SMG Growing Media Reports 39.2% Stake
AFFIRMATIVE INSURANCE: BDO USA Replaces KPMG LLP as Accountants
ALION SCIENCE: Moody's Assigns 'B1' Rating on $320MM Bank Loan
ALTEGRITY INC: Dismissal of "Brink" Tort, RICO Claims Affirmed

AMERICAN COMMERCE: Posts $51,000 Net Loss for First Quarter
ARCH COAL: Gets Requisite Consent for 2020 Exchange Offer
ARTHUR MERGER: Moody's Assigns 'B3' Corporate Family Rating
ATARI INC: Assets to be Sold by Alden Global at July 31 Auction
ATLANTIC & PACIFIC: Case Summary & 40 Largest Unsecured Creditors

ATLANTIC & PACIFIC: Returns to Chapter 11 to Sell Stores
BAHA MAR: Balks at Bahamian Govt. Seeking Winding Up
BANKRATE INC: Moody's Confirms B1 CFR & Revises Outlook to Stable
BATE LAND: BLC Granted Leave to Appeal Sec. 1129 Finding
BAXANO SURGICAL: Court OKs Hiring of Rust Omni as Service Provider

BAYOU SHORES: Dist. Court Reverses Orders Over Medicare Agreement
BIRMINGHAM COAL: Hires Ogletree Deakins as Special Counsel
BIRMINGHAM COAL: Taps Simpson McMahan as Special Counsel
BOOMERANG TUBE: No Outstanding Objections to Zolfo Hiring
BOOMERANG TUBE: Resolves UST Concerns to Lazard Hiring

BR ENTERPRISES: Denies Bid of Central Valley to Lift Stay
BUDD COMPANY: Has Exclusive Right to File Plan Until Sept. 30
BUILDERS FIRSTSOURCE: Offering $750M Unsecured Notes Due 2023
CAL DIVE INT'L: Fee Examiner Wants to Hire OEB as Counsel
CAL DIVE INT'L: Taps Hilco as Exclusive Marketing & Sales Agent

COCO BEACH GOLF: Employs Charles A. Cuprill as Bankruptcy Counsel
COCO BEACH GOLF: Hires Luis R. Carrasquillo as Fin'l Consultant
COLUMBIA HOSPITALITY: Case Summary & 11 Top Unsecured Creditors
CONSTELLATION BRANDS: S&P Assigns 'BB+' Rating on $1.27BB Loan
CORE ENTERTAINMENT: S&P Lowers Corporate Credit Rating to 'SD'

DIAMONDBACK ENERGY: Moody's Raises CFR to B1, Outlook Stable
DTS8 COFFEE: Vis Vires Reports 9.9% Stake as of July 17
EAST COAST BROKERS: Curry Law's Bid to Withdraw Reference Denied
EL PASO CHILDREN'S: Applies to Retain Miller as Investment Banker
EXCELITAS TECHNOLOGIES: S&P Lowers CCR to 'B-', Outlook Stable

FREEDOM INDUSTRIES: Has Settlement with Chemstream, et al.
GEORGETOWN MOBILE: Hires Enderle and Company as Accountant
GEORGETOWN MOBILE: U.S. Bank Asks Court to Dismiss Ch. 11 Case
GFI GROUP: Moody's Raises Issuer & Sr. Unsec. Debt Rating to Ba3
GT AUTOMATION: Approval of Lawyer Fees Upheld

HEALTH NET: A.M. Best Puts 'bb' Issuer Credit Debt Rating on Review
HOSTESS HOLDCO: Moody's Assigns 'B2' Corp. Family Rating
I.E.C. RENTALS: Asks Court to Extend Exclusive Periods
I.E.C. RENTALS: Court Okays Hiring of HBK as Forensic Accountant
ITUS CORP: Amit Kumar Reports 8% Equity Stake as of June 15

ITUS CORP: Robert Berman Reports 7.4% Stake as of June 30
KEMPER CORP: A.M. Best Affirms 'bb' Preferred Stock Rating
L & A AUTOMOTIVE: NY App. Div. Reverses Ruling in Long Oil Suit
LEE STEEL: Creditors' Committee Files Rule 2019 Statement
LEE STEEL: May Hold Auction for Assets on Aug. 11

LUCAS ENERGY: Audit Opinion Includes Going Concern Qualification
MALIBU ASSOCIATES: Has Final Authorization to Access DIP Financing
MARK VINCENT KAPLAN: Request to Use Funds for Personal Use Denied
NORTH AMERICAN TUNGSTEN: Commences SISP; Gets CCAA Stay Extension
PARKWAY PROPERTIES: Case Summary & 8 Largest Unsecured Creditors

POMARE LTD: Can Sell Nimitz Property through Auction
PTC SEAMLESS: Committee Hires McGuireWoods as Counsel
PTC SEAMLESS: Court Approves Stonechiper as Conflicts Counsel
PTC SEAMLESS: Files Amended Schedules and Statements
RENAULT WINERY: Golf and Hotel Property Up for Sale

SABINE OIL: Files Bankruptcy Lawsuit vs. WTC
SABINE OIL: Proposes Guidelines to Protect NOLs
SABINE OIL: Wants 30-Day Extension for Schedules & Statements
SOO TRACTOR: Assets to Be Sold by ARMMCO at July 28 Auction
STATE FISH: Ch. 11 Trustee Inks Settlement with Shareholders

STATE FISH: Court Approves Variant Capital as Trustee's Banker
UNIFIED 2020: Ch. 11 Trustee Seeks Conversion to Ch. 7
UNISYS CORP: Moody's Affirms 'B1' CFR & Revises Outlook to Neg.
VERMILLION INC: Oracle Partners Buys 512,043 Common Shares
VERMILLION INC: Signs Underwriting Agreement with Canaccord

WALTER ENERGY: Moody's Withdraws 'Ca' CFR Following Ch.11 Filing
WASHINGTON HEIGHTS: Taps Berger Fischoff as Special Counsel
WASHINGTON HEIGHTS: Taps Marshall Schiff as Special Counsel
WAVE SYSTEMS: Receives NASDAQ Listing Non-Compliance Notice
WPCS INTERNATIONAL: American Capital Holds 8.3% Stake as of July 14

WPCS INTERNATIONAL: Iroquois Reports 9.9% Stake as of July 14
X-WING AVIATION: Case Summary & 20 Largest Unsecured Creditors
[^] Large Companies With Insolvent Balance Sheet

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AEROGROW INTERNATIONAL: Issues 799,553 shares to SMG Growing
------------------------------------------------------------
AeroGrow International, Inc., issued 799,553 shares of common stock
to SMG Growing Media, a wholly owned subsidiary of The Scotts
Miracle-Gro Company, pursuant to the Technology Licensing
Agreement, Brand License and the Certificate of Designation of
Series B Convertible Preferred Stock.  

As previously disclosed in a Current Report on Form 8-K filed with
the SEC on April 23, 2013, payments to SMG Growing Media under the
Technology Licensing Agreement, Brand License and the Certificate
of Designation of Series B Convertible Preferred Stock are made in
the Company's common stock, based upon the conversion price of the
Series B Preferred Stock.

                           About AeroGrow

Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

AeroGrow reported a net loss attributable to common shareholders of
$1.5 million on $17.9 million of net revenue for the year ended
March 31, 2015, compared with a net loss attributable to common
shareholders of $4.1 million on $9.3 million of of net revenue for
the year ended March 31, 2014.

As of March 31, 2015, the Company had $5.9 million in total assets,
$4.6 million in total liabilities, all current, and $1.4 million
total stockholders' equity.


AEROGROW INTERNATIONAL: SMG Growing Media Reports 39.2% Stake
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, SMG Growing Media, Inc. and The Scotts Miracle-Gro
Company disclosed that as of July 14, 2015, they beneficially owned
3,975,547 shares of common stock of AeroGrow International, Inc.,
which represents 39.2 percent of the shares outstanding.

On July 14, 2015, the Issuer issued 799,553 shares of Common Stock
to SMG, of which (i) 211,921 were issued as a dividend on the
shares of Series B Preferred Stock purchased by SMG under the
Purchase Agreement; (ii) 237,246 were issued as payment under the
Technology License Agreement; and (iii) 350,386 were issued as
payment under the Brand License Agreement.  No funds were used to
acquire the Common Stock pursuant to such issuances.

A copy of the regulatory filing is available at:

                         http://is.gd/YwjzgI

                           About AeroGrow

Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

AeroGrow reported a net loss attributable to common shareholders of
$1.5 million on $17.9 million of net revenue for the year ended
March 31, 2015, compared with a net loss attributable to common
shareholders of $4.1 million on $9.3 million of of net revenue for
the year ended March 31, 2014.

As of March 31, 2015, the Company had $5.9 million in total assets,
$4.6 million in total liabilities, all current, and $1.4 million
total stockholders' equity.


AFFIRMATIVE INSURANCE: BDO USA Replaces KPMG LLP as Accountants
---------------------------------------------------------------
The Audit Committee of the Board of Directors of Affirmative
Insurance Holdings, Inc. recently conducted a selection process to
determine the Company's independent registered public accounting
firm for the fiscal year ending Dec. 31, 2015.  As a result of this
process, the Committee approved the appointment of BDO USA LLP as
the Company's independent registered public accounting firm for the
fiscal year ending Dec. 31, 2015.  This action effectively
dismissed KPMG LLP as the Company's independent registered public
accounting firm as of July 15, 2015.

The reports of KPMG on the Company's consolidated financial
statements for the fiscal years ended Dec. 31, 2014, and 2013 did
not contain an adverse opinion or disclaimer of opinion, nor were
they qualified or modified as to uncertainty, audit scope, or
accounting principles.  

KPMG's report on the consolidated financial statements of the
Company as of and for the years ended Dec. 31, 2014, and 2013,
contained a separate paragraph stating that "the Company's recent
history of recurring losses from operations, its failure to comply
with certain financial covenants in the senior secured and
subordinated credit facilities, its need to meet debt repayment
requirements and its failure to comply with the Illinois Department
of Insurance minimum risk-based capital requirements raise
substantial doubt about its ability to continue as a going
concern.

In connection with the audits of the Company's consolidated
financial statements for the fiscal years ended Dec. 31, 2014, and
2013, and in the subsequent interim period through March 31, 2015,
the Company said there were no disagreements with KPMG on any
matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedures, which disagreement if
not resolved to the satisfaction of KPMG.

                     About Affirmative Insurance

Addison, Tex.-based Affirmative Insurance Holdings, Inc., is a
distributor and producer of non-standard personal automobile
insurance policies for individual consumers in targeted geographic
markets.  Non-standard personal automobile insurance policies
provide coverage to drivers who find it difficult to obtain
insurance from standard automobile insurance companies due to
their lack of prior insurance, age, driving record, limited
financial resources or other factors.  Non-standard personal
automobile insurance policies generally require higher premiums
than standard automobile insurance policies for comparable
coverage.

Affirmative Insurance reported a net loss of $32.2 million in 2014,
compared to net income of $30.7 million in 2013.

As of March 31, 2015, the Company had $312 million in total assets,
$448 million in total liabilities and a $136 million total
stockholders' deficit.

KPMG LLP, in Dallas, Texas, issued a "going concern" qualification
in its report on the consolidated financial statements for the year
ended Dec. 31, 2014.  The accounting firm noted that the Company's
recent history of recurring losses from operations, its failure to
comply with certain financial covenants in the senior secured and
subordinated credit facilities, its need to meet debt repayment
requirements and its failure to comply with the Illinois Department
of Insurance minimum risk-based capital requirements raise
substantial doubt about its ability to continue as a going
concern.


ALION SCIENCE: Moody's Assigns 'B1' Rating on $320MM Bank Loan
--------------------------------------------------------------
Moody's Investors Service assigned provisional (P)B1 ratings to the
proposed $320 million of new senior secured (first lien) bank term
loan and revolving credit facilities and a (P)Caa1 rating to its
proposed $120 million senior secured (second lien) term loan that
are being arranged for Alion Science & Technology Corporation.
Concurrently, Moody's placed all existing ratings for Alion and its
current debt, including the company's Caa1 corporate family rating
and B1 senior secured (first lien) and Caa1 senior secured (second
lien) ratings under review, direction uncertain, with the ultimate
outcome dependent on whether or not the planned initial public
offering and debt refinancing is successfully completed.  The
assigned provisional ratings are subject to the receipt and review
of final documentation and closing of the proposed refinancing
transaction.  Of note, the refinancing is contingent on the
successful execution of the company's IPO.  The company's
speculative grade liquidity rating ("SGL") was lowered to SGL-4
from SGL-3, indicating a deemed "weak" liquidity profile absent
successful completion of the proposed transaction.

Proceeds from the proposed bank debt placements together with $310
million of proceeds from the company's proposed IPO are expected to
be used to repay existing debt as well as fund sizable transaction
related expenses.  The transaction would reduce funded debt by
approximately $200 million and meaningfully reduce both cash
interest expense and required amortization payments compared to
currently stipulated provisions under the company's existing debt
structure.

Ratings assigned:

   -- $40 million senior secured first lien revolving credit
      facility due 2020, (P)B1 (LGD-2)

   -- $280 million senior secured first lien term loan due 2021,
      (P)B1 (LGD-2)

   -- $120 million senior secured first lien term loan due 2022,
      (P)Caa1 (LGD-5)

Ratings placed under review, direction uncertain:

   -- Corporate Family Rating, Caa1;
   -- Probability of Default Rating, Caa2-PD;
   -- $65 million senior secured revolving credit facility due
      2018, B1 (LGD-1)
   -- $110 million first lien term loan A due 2018, B1 (LGD-2)
   -- $175 million first lien term loan B due 2019, B1 (LGD-2)
   -- $70 million second lien term loan due 2020, Caa1 (LGD-3)

Ratings downgraded:

   -- Speculative Grade Liquidity Rating, to SGL-4 from SGL-3
      Outlook: Ratings Under Review, Direction Uncertain

RATINGS RATIONALE

Alion's ratings were placed under review, direction uncertain,
given the inherent uncertainty related to the company's forthcoming
planned IPO and debt refinancing.  If successfully completed, the
company's CFR could be raised one notch to B3 from Caa1 given the
beneficial pro forma impact this would have on liquidity, with a
significant ensuing reduction of interest expense and requisite
principal amortization payments compared to the existing debt
structure.  However, if the IPO and debt refinancing are not
effectuated as proposed, and the company's existing debt structure
remains in place, ratings will likely be lowered due to the
company's deemed "weak" liquidity profile and the ensuing elevated
risk of default given its currently very high debt service costs
and our expectation that the company will otherwise be unable to
satisfy the same.

The provisional ratings are based on the expectation that the
proposed IPO and refinancing are successfully executed, and that
such a scenario would be reflective of a B3 CFR if the transactions
close as proposed.  The proposed transactions reduce financial
leverage (as measured by Moody's adjusted debt/EBITDA) by more than
2 turns, to 5.7x, and lower cash interest expense by approximately
$15 million such that EBIT/interest coverage improves to more than
1.5 times, from less than 1.0 time.  The company's liquidity
profile would improve post the transaction, primarily as a result
of the aforementioned reduction in annual cash interest expense and
lower requisite annual amortization payments under the current debt
structure.

If the proposed transaction is successfully executed, the SGL
rating will likely be raised to SGL-3, denoting an adequate
liquidity profile.  However, based on the company's existing debt
structure, the company's liquidity rating was lowered to SGL-4,
from SGL-3.  The SGL-4 liquidity rating reflects a "weak" forward
profile due to sizable cash outflows associated with high interest
expense and amortization payments under its current debt
capitalization, particularly relative to its free cash flow
generation, and what we assess to be little availability under its
current revolver predicated in part by limited headroom under its
existing fixed charge financial maintenance covenant.

Alion Science and Technology Corporation provides scientific
research, development, and engineering services related to national
defense, homeland security, and energy and environmental analysis.
Particular areas of expertise include agile engineering and rapid
prototyping, naval architecture and engineering, defense
operations, modeling and simulation, technology integration,
information technology and wireless communications, energy and
environmental services.  Revenue for the last twelve months ended
March 31, 2015 approximated $896 million.


ALTEGRITY INC: Dismissal of "Brink" Tort, RICO Claims Affirmed
--------------------------------------------------------------
The United States Court of Appeals for the District of Columbia
Circuit affirmed the dismissal of Daniel Brink, et al.'s class-wide
tort claims as well their Racketeer Influenced and Corrupt
Organizations Act and Longshore Act claims against among other
defendants, US Investigations Services, LLC and USIS International,
Inc.

Mr. Daniel Brink, joined by 31 other individuals, brought a class
action lawsuit stemming from the workers' compensation benefits
owed to class members under the Defense Base Act for injuries
suffered while working for United States government contractors in
Iraq and Afghanistan.  In connection with their Base Act claims,
Brink, et al., alleged that several government contractors,
insurance companies, and third parties committed torts and violated
the Longshore and Harbor Workers' Compensation Act, the RICO, and
the Americans with Disabilities Act (ADA).  The district court
dismissed all of their claims.

The Circuit Court affirmed the dismissal of the class-wide tort
claims as well the RICO and Longshore Act claims, but maintained
that the dismissal does not preclude any individual appellants from
bringing independent claims outside of the Base Act's statutory
scheme.  With respect to the ADA claims brought by three individual
appellants, the Circuit Court remanded to the district court to
reconsider and explain its denial of leave to amend the complaint.
The Circuit Court vacated the district court's denial of the
appellants' motion for reconsideration and leave to file an amended
complaint, and remanded to the district court to explain its
decision not to grant leave to some of the appellants to correct
the defects in their ADA claims.

The appeals case is DANIEL BRINK, ET AL., Appellants, v.
CONTINENTAL INSURANCE COMPANY, ET AL., Appellees, Case No. 13-7165,
(D.C. Cir.).

A full-text copy of Judge Sentelle's judgment dated June 2, 2015
available at http://is.gd/3Htpn6from Leagle.com.

Joshua T. Gillelan II, Esq., serves as counsel for appellants.

Richard J. Doren, Esq. -- rdoren@gibsondunn.com -- of Gibson Dunn
serves as counsel for Appellees.

                     About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and
software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11
Bankruptcy petitions (Bankr. D. Del. Lease Case No. 15-10226) on
Feb. 8, 2015.

Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A.
Bruens, Esq., at Debevoise & Plimpton LLP serve as the Debtors'
counsel.  Joseph M. Barry, Esq., Ryan M. Bartley, Esq., and Edmon
L. Morton, Esq., at Young, Conaway, Stargatt & Taylor, LLP, act as
the Debtors' Delaware and conflicts counsel.  Stephen Goldstein
and
Lloyd Sprung, at Evercore Group, LLC, are the Debtors' investment
bankers.  Kevin M. McShea and Carrianne J. M. Basler, at
Alixpartners LLP serve as the Debtors' restructuring advisors.  

Prime Clerk LLC is the Debtors' claims and noticing agent.
PricewaterhouseCoopers LLP serves as the Debtors' independent
auditors.

The Bankruptcy Court has scheduled for May 5, 2015, the hearing to
consider the approval of the disclosure statement explaining the
Debtor's plan, which proposes to liquidate the US Investigations
Services.  Land Line relates that USIS lost key federal background
check contracts.

The U.S. Trustee for Region 3 appointed six creditors to serve on
the official committee of unsecured creditors.  The Creditors'
Committee retained Wilmer Cutler Pickering Hale & Dorr LLP, as
lead
counsel, and Bayard, P.A., as Delaware co-counsel.

                           *     *     *

Judge Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware on May 15, 2015, approved the disclosure
statement explaining Altegrity, Inc., et al.'s Joint Chapter 11
Plan and scheduled the confirmation hearing for July 1, 2015, at
10:00 a.m. (prevailing Eastern time).

As reported in the April 1, 2015 edition of the Troubled Company
Reporter, the Debtors filed a Joint Chapter 11 Plan and
accompanying disclosure statement that will delever the Company by
approximately $700 million, or 40% of the Debtors' outstanding
debt.

The Plan provides for a 2.2% estimated recovery of allowed general
unsecured claims, which total approximately $82,510,532.  Holders
of Secured Third Lien Notes Claims are poised to recover 7.7% of
their estimated $66,304,133 total amount of claims.  Holders of
Secured Second Lien Notes Claims are poised to recover 48.4% of
their estimated $519,265,011 total amount of claims.

A full-text copy of the Disclosure Statement dated May 16, 2015,
is available at http://bankrupt.com/misc/ALTEGRITYds0516.pdf


AMERICAN COMMERCE: Posts $51,000 Net Loss for First Quarter
-----------------------------------------------------------
American Commerce Solutions, Inc. filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $51,325 on $511,558 of net sales for the three months
ended May 31, 2015, compared to net income of $59,957 on $608,886
of net sales for the same period in 2014.

As of May 31, 2015, the Company had $4.8 million in total assets,
$3.2 million in total liabilities and $1.6 million in total
stockholders' equity.

"The Company has incurred substantial operating losses since
inception resulting in an accumulated deficit.  Additionally, the
Company is in default on several notes payable.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.  The ability of the Company to continue as a going
concern is dependent upon its ability to reverse negative operating
trends, raise additional capital, and obtain debt financing," the
Company said in the filing.

"Management has revised its business strategy to include expansion
into other lines of business through the acquisition of other
companies in exchange for the Company's stock to facilitate
manufacturing contracts under negotiation.  In conjunction with the
anticipated new contracts, management is currently negotiating new
debt and equity financing, the proceeds from which would be used to
settle outstanding debts at more favorable terms, to finance
operations, and to complete additional business acquisitions.
However, there can be no assurance that the Company will be able to
raise capital, obtain debt financing, or improve operating results
sufficiently to continue as a going concern."

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

                        http://is.gd/3fBMHB

                      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.

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.


ARCH COAL: Gets Requisite Consent for 2020 Exchange Offer
---------------------------------------------------------
Arch Coal, Inc., announced the receipt of required consents in
connection with its pending private offer to exchange new 6.25%
Trust Certificates due 2021 and a cash payment for any and all of
its outstanding 7.25% Senior Notes due 2020.  In conjunction with
the 2020 Exchange Offer, Arch solicited consents from holders of
2020 Notes to the adoption of proposed amendments to the indenture
governing the 2020 Notes to modify certain restrictive covenants
contained in such indenture to conform to Arch's other indentures,
including with respect to the issuance of additional secured debt.
Arch has received consents to the Proposed Amendments from holders
of greater than a majority of the outstanding aggregate principal
amount of 2020 Notes.  The supplemental indenture to the indenture
governing the 2020 Notes has been executed, however the provisions
thereof will not be operative until all of the 2020 Notes that have
been tendered prior to the date of the supplemental indenture have
been accepted for exchange and exchanged in accordance with the
terms of the 2020 Exchange Offer.

Arch also announced the extension of (1) the 2020 Exchange Offer
and (2) its pending private offer to exchange new Trust
Certificates, 8.00% Senior Secured Notes due 2022 and 12.00% Senior
Secured Second Lien Notes due 2023 for its outstanding 7.000%
Senior Notes due 2019, 9.875% Senior Notes due 2019 and 7.250%
Senior Notes due 2021.

The 2020 Exchange Offer, originally set to expire at 12:00
midnight, New York City time, on July 30, 2015, has been extended
and is now set to expire at 12:00 midnight, New York City time, on
July 31, 2015.  The Concurrent Exchange Offer, originally set to
expire at 12:00 midnight, New York City time, on July 30, 2015, has
been extended and is now set to expire at 12:00 midnight, New York
City time, on Aug. 4, 2015.  Additionally, the Early Tender Time
for the 2020 Exchange Offer, originally set at 5:00 p.m., New York
City time, on July 16, 2015, has been extended and is now set at
5:00 p.m. New York City time on July 17, 2015, and the Early Tender
Time for the Concurrent Exchange Offer, originally set at 5:00
p.m., New York City time, on July 16, 2015, has been extended and
is now set at 5:00 p.m. New York City time on July 21, 2015.  The
Withdrawal Deadline for both Exchange Offers has passed and
tendered 2020 Notes and Old Notes may no longer be withdrawn and
consents in respect of the 2020 Exchange Offer may no longer be
revoked.

As of 5:00 p.m. New York City time on July 16, 2015, approximately
$414 million aggregate principal amount of 2020 Notes, $477 million
aggregate principal amount of Old 7.000% 2019 Notes, $148 million
aggregate principal amount of Old 9.875% 2019 Notes and $398
million aggregate principal amount of Old 7.250% 2021 Notes have
been validly tendered pursuant to the Exchange Offers.  Upon the
terms and subject to the conditions of the 2020 Exchange Offer, and
assuming no further tenders of 2020 Notes, holders of such tendered
2020 Notes would receive, in addition to the cash amounts specified
in the terms of 2020 Exchange Offer, approximately $173 million
aggregate principal amount of Trust Certificates.  Upon the terms
and subject to the conditions of the Concurrent Exchange Offer, and
assuming no further tenders of 2020 Notes or Old Notes, all holders
of each series of such tendered Old Notes would receive the same
proportionate principal amount of (i) approximately $231 million
aggregate principal amount of Trust Certificates, (ii)
approximately $186 million aggregate principal amount of New 2022
Secured Notes and (iii) no New 2023 Secured Notes.

Arch has made alternative arrangements on similar economic terms
for holders of the 2020 Notes not eligible to participate in the
2020 Exchange Offer.  Those arrangements have an early
participation deadline of July 17, 2015, and an expiration date of
July 31, 2015.  Arch is providing the extensions with respect to
the 2020 Exchange Offer solely to align the expiration time and
Early Tender Time for the 2020 Exchange Offer with those dates.

The offering documents for the 2020 Exchange Offer and the
Concurrent Exchange Offer will be distributed only to holders of
2020 Notes or Old Notes that complete and return a letter of
eligibility confirming that they are Eligible Holders.  Copies of
the eligibility letter are available to holders through the
information agent for the Exchange Offers, Ipreo LLC, at (888)
593-9546 (U.S. toll-free) or (212) 849-3880.

Holders of the 2020 Notes that are not Eligible Holders will not be
able to receive the 2020 Exchange Offering Memorandum and the
Consent and Letter of Transmittal or to participate in the 2020
Exchange Offer.  However, Arch will make alternative arrangements
on equivalent economic terms to the 2020 Exchange Offer for holders
ineligible to participate in the 2020 Exchange Offer.  Those
holders should contact Investor Relations at Arch by calling (314)
994-2700, and, after furnishing proof that they are not Eligible
Holders, will receive information about arrangements available to
them.  The 2020 Exchange Offer is made only by, and pursuant to the
terms of, the 2020 Exchange Offering Memorandum and the Consent and
Letter of Transmittal, and the information in this news release is
qualified by reference thereto.

Holders of the Old Notes that are not Eligible Holders will not be
able to receive the Concurrent Exchange Offering Memorandum and the
Letter of Transmittal or to participate in the Concurrent Exchange
Offer.

                         About Arch Coal

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

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

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

                            *     *     *

The Troubled Company Reporter, on July 8, 2015, reported that
Fitch Ratings has downgraded the Issuer Default Rating of Arch
Coal, Inc. to 'C' from 'CCC'.  The downgrade follows Arch Coal's
announcements of exchange offers which Fitch considers Distressed
Debt Exchanges in accordance with Fitch's Distressed Debt Exchange
criteria.

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

As reported by the TCR on July 9, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on St.
Louis-based Arch Coal Inc. to 'CC' from 'CCC+'.  Standard & Poor's
Ratings Services said it lowered its corporate credit rating on St.
Louis-based Arch Coal Inc. to 'CC' from 'CCC+'.  The rating action
reflects Arch Coal's July 3, 2015, announcement of
a private debt exchange offer for its senior unsecured debt.


ARTHUR MERGER: Moody's Assigns 'B3' Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
B3-PD Probability of Default Rating to Arthur Merger Sub Corp.,
which will be merged into C.H.I. Overhead Doors, Inc. following the
leveraged buyout of CHI by Kohlberg Kravis Roberts & Co., L.P.
("KKR") from the affiliates of Friedman Fleischer & Lowe, LLC.  In
related rating actions, Moody's assigned a B2 rating to the
company's proposed first lien credit facilities, consisting of a
$40 million revolving credit facility expiring 2020 and a $300
million term loan due 2022, as well as a Caa2 rating to the
company's proposed $135 million second lien term loan due 2023.
Proceeds from the new debt issuance along with a common equity
contribution from the affiliates of KKR will be used to finance the
acquisition of CHI.  Upon the closing of the transaction, the
existing ratings at C.H.I. Overhead Doors, Inc. will be withdrawn.
The rating outlook is stable.

Moody's assigned these ratings to Arthur Merger Sub Corp.:

Corporate Family Rating assigned B3;
Probability of Default Rating assigned B3-PD;
Proposed first lien revolving credit facility, assigned B2
(LGD3);
Proposed first lien term loan, assigned B2 (LGD3); and,
Proposed second lien term loan, assigned Caa2 (LGD5).
Outlook is Stable

RATINGS RATIONALE

CHI's B3 Corporate Family Rating reflects its leveraged capital
structure following the buyout of the company by affiliates of KKR.
Balance sheet debt is increasing by about 50% at closing, with an
expected pro forma adjusted leverage of around 7.5x (ratios
incorporate Moody's standard adjustments).  Moody's projects
leverage approaching 6.0x by the end of 2016, with improvement
attributed to continued organic growth in the business.  The repair
and remodeling end market, the main driver of CHI's revenues,
continues to expand, and CHI remains well positioned to take
advantage of the upward trend.  Debt service requirements will
approximate $25 million per year at closing, and Moody's
anticipates interest coverage (measured as EBITA-to-interest
expense) will remain near 2.5x over the next 12 to 18 months.

Even when considering Moody's expectations for CHI's key credit
metrics to improve, the company remains limited by its business
profile.  CHI is small based on its revenues and absolute levels of
earnings compared to other rated building products manufacturers,
despite its robust EBITA margins.  The company relies on what
Moody's views as predominately a single line of business with
demand for garage doors vulnerable to cyclical declines in
discretionary consumer spending.  CHI's use of only one
manufacturing plant has allowed the company to provide consistent
on-time weekly deliveries across its full product line, but
reliance on the single site creates meaningful operational risk
related to production disruptions.  Moody's views any material
reduction in CHI's balance sheet debt sourced from excess free cash
flow as unlikely over the next 12 to 18 months.

CHI's liquidity profile, characterized by good availability under
its proposed revolving credit facility and sufficient free cash
flow generation, allows the company to support its higher debt
service payments while also meeting increased capital requirements
from higher product demand.  There are no term loan financial
maintenance covenants and the revolver has a springing maximum
first lien net leverage ratio based on facility availability that
Moody's does not expect to be triggered over the next 12 months.

The stable rating outlook incorporates our view that CHI's improved
operating performance from sustained growth in its end markets over
the next 12-18 months will provide some offset to its leveraged
capital structure, resulting in debt credit metrics improving to
levels suitable for the current rating given the company's
operating profile.

The B2 rating assigned to CHI's proposed $40 million first lien
revolving credit facility and $300 million first lien term loan,
one notch above the Corporate Family Rating, reflects the pledged
collateral.  The revolver and term loan rank pari passu to each
other and both have a first lien interest on substantially all of
the company's assets.  CHI's material domestic subsidiaries provide
upstream guarantees to the facility.  The term loan amortizes at 1%
per year with a bullet payment at maturity.  The first lien
facility also benefits from the priority lien on the collateral
relative to the proposed second lien facility.

The Caa2 rating assigned to CHI's proposed $135 million second lien
term loan, two notches below the Corporate Family Rating, reflects
its lien subordination on the collateral relative to the company's
proposed first lien credit facility.  The obligation has a second
lien on substantially all of CHI's assets, and has an upstream
guarantee from the company's material domestic subsidiaries.  In a
default scenario, the second lien term loan would be in a
first-loss position that would weaken its recovery prospects; this
is because collateral value would likely erode if the company
defaults.

An upgrade could ensue if CHI demonstrates a commitment to reducing
leverage by generating higher levels of absolute earnings and using
free cash flow towards debt reduction, such that:

   -- Adjusted debt-to-EBITDA is sustained below 4.75x (7.5x pro
      forma)

A downgrade could ensue if CHI's operating performance falls below
Moody's expectations, or if the company experiences a weakening in
financial performance due to a decline in its end markets or
erosion of market share, such that:

   -- Adjusted debt-to-EBITDA is sustained above 6.5x, or
   -- Free cash flow and the liquidity profile deteriorates

C.H.I. Overhead Doors, Inc. headquartered in Arthur, Illinois,
manufactures overhead doors for residential and commercial
applications throughout the United States and Canada.  Kohlberg
Kravis Roberts & Co., L.P., through its affiliates, will be the
primary owner of CHI.  Revenues for the 12 months through
March 31, 2015 totaled approximately $289 million.

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014.


ATARI INC: Assets to be Sold by Alden Global at July 31 Auction
---------------------------------------------------------------
Pursuant to Section 9-610, 9-611, and 9-613 of the Uniform
Commercial Code, Alden Global Value Recovery Master Fund LLP, as
secured creditor of Atari SA et al., will sell the right, title and
interest of Atari in certain equity interest owned by it and
substantially all of the assets of the other Debtors to the highest
qualified bidder through a public auction that will commence on
July 31, 2015, at 10:00 a.m. (prevailing Eastern Time) at the
offices of DLA Piper LLP (US), 1251 Avenue of the Americas, 27th
Floor in New York, New York.

Parties seeking to conduct due diligence or desiring other
information regarding the auction may contact:

  Craig Martin
  DLA Piper
  Tel: (302) 468-5655
  Email: craig.martin@dlapiper.com

  or

  Daniel Egan
  DLA Piper
  Tel: (212) 335-4754
  Email: daniel.egan@dlapiper.com

                            About Atari

Atari -- http://www.atari.com/-- is a multi-platform, global  
interactive entertainment and licensing company.  Atari owns and/or
manages a portfolio of more than 200 games and franchises,
including world renowned brands like Asteroids(R), Centipede(R),
Missile Command(R), Pong(R), Test Drive(R), Backyard Sports(R), and
Rollercoaster Tycoon(R).

Atari Inc. and its U.S. affiliates filed for Chapter 11 bankruptcy
(Bankr. S.D.N.Y. Lead Case No. 13-10176) on Jan. 21, 2013, to break
away from their unprofitable French parent company and secure
independent capital.

A day after its American unit filed for Chapter 11 bankruptcy
protection, Paris-based Atari S.A. took a similar measure under
Book 6 of that country's commercial code.  Atari S.A. said it was
filing for legal protection because its longtime backer BlueBay has
sought to sell its 29% stake and demanded repayment by March 31 on
a credit line of US$28 million that it cut off in December.

On Feb. 15, 2013, the Court entered the order authorizing the
employment and retention of Hunton & Williams LLP as counsel to the
Debtors.  On Feb. 5, 2013, the Debtors' board of directors was
reconstituted.  The reconstituted board of directors elected to
retain alternate bankruptcy counsel.  Hunton's retention as the
Debtors' counsel terminated on Feb. 6, 2013.

Ira S. Dizengoff, Esq., and Kristine G. Manoukian, Esq., at Akin
Gump Strauss Hauer & Feld LLP, in New York, N.Y.; and Scott L.
Alberino, Esq., at Akin Gump Strauss Hauer & Feld, LLP, in
Washington, D.C., represent the Debtors as counsel.

BMC Group is the claims and notice agent.  Guy Davis and Susan
Roski at Protiviti Inc. serve as financial advisors.

Duff & Phelps Securities LLC serves as financial advisor to the
Official Committee of Unsecured Creditors.  Cathy Hershcopf, Esq.,
Jeffrey L. Cohen, Esq., and Robert B. Winning, Esq., at Cooley LLP
serve as the Committee's counsel.

Ken Coleman, Esq., and Jonathan Cho, Esq., at Allen & Overy LLP,
serve as counsel to Atari S.A.

Atari Inc. won bankruptcy court approval of its Plan of Liquidation
on Dec. 5, 2013.  It was declared effective on Dec. 24, 2014.  The
Plan provides a 25% recovery to unsecured creditors.  Parent Atari
SA will be contributing $3.42 million cash under the Plan and is
waiving $310 million in claims.


ATLANTIC & PACIFIC: Case Summary & 40 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

   Debtor                                           Case No.
   ------                                           --------
   The Great Atlantic & Pacific Tea Company, Inc.   15-23007
   2 Paragon Drive
   Montvale, NJ 07645

   2008 Broadway, Inc.                              15-23006

   A&P Live Better, LLC                             15-23008

   A&P Real Property, LLC                           15-23009

   APW Supermarket Corporation                      15-23010

   APW Supermarkets, Inc.                           15-23011

   Borman's Inc.                                    15-23012

   Delaware County Dairies, Inc.                    15-23013

   Food Basics, Inc.                                15-23014

   Kwik Save Inc.                                   15-23015

   McLean Avenue Plaza Corp.                        15-23016

   Montvale Holdings, Inc                           15-23017

   Montvale-Para Holdings, Inc.                     15-23018

   Onpoint, Inc.                                    15-23019

   Pathmark Stores, Inc.                            15-23020

   Plainbridge, LLC                                 15-23021

   Shopwell, Inc.                                   15-23022

   Super Fresh Food Markets, Inc.                   15-23023

   The Old Wine Emporium of Westport Inc            15-23024

   Tradewell Foods of Conn., Inc.                   15-23025

   Waldbaum, Inc.                                   15-23026

Type of Business: Food and Drug Retailer

Chapter 11 Petition Date: July 19, 2015

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

Debtors' Counsel: Ray C Schrock, Esq.
                  Garrett A. Fail, Esq.
                  WEIL, GOTSHAL & MANGES LLP
                  767 Fifth Avenue
                  New York, NY 10153
                  Tel: 212-310-8000
                  Fax: 212-310-8000
                  Email: ray.schrock@weil.com
                         garrett.fail@weil.com

Debtors'          EVERCORE GROUP L.L.C
Investment
Banker:

Debtors'          FTI CONSULTING, INC.
Financial
Advisor:

Debtors'          HILCO REAL ESTATE, LLC,
Real Estate
Advisors:

Debtors'          PRIME CLERK LLC
Claims,
Noticing and
Solicitation
Agent:

Estimated Assets: More than $1 billion

Estimated Liabilities: More than $1 billion

The petition was signed by Christopher W. McGarry, chief
restructuring officer and chief administrative officer.

Consolidated List of Debtors' 40 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
C & S Wholesale Grocers, Inc.         Trade Debt     $39,358,006
Attn.: President or General Counsel
7 Corporate Drive
Keene, NH 03431
Tel: 603-354-7000
Fax: 603-354-4690

McKesson Drug Co.                      Trade Debt     $8,353,950
Attn.: President or General Counsel
One Post Street
San Francisco, CA 94104
Tel: 415-983-8300
Fax: 415-983-9369

Facility Source, LLC                    Trade Debt    $6,712,618
Attn.: President or General Counsel
200 E. Campus View Blvd., Ste. 301
Columbus, OH 43235
Tel: 800-896-9000
Fax: 614-318-1701

Coca-Cola Enterprises                   Trade Debt     $4,757,348
Attn.: President or General Counsel
2500 Windy Ridge Parkway
Atlanta, GA 30339
Tel: 678-260-3000
Fax: 404-676-4903

Mondelez Global LLC                     Trade Debt     $3,162,367
Attn.: President or General Counsel
100 Deforest Avenue
East Hanover , NJ 07936
Tel: 855-535-5648
Email: carol.ward@mdlz.com

Garelick Farms Inc.                     Trade Debt     $2,372,773
Attn.: President or General Counsel
1199 W Central St. Ste. 1
Franklin, MA 02038
Tel: 508-528-9000
Fax: 508-520-0307

Mindy Klarman                           Litigation     $1,821,116
58 Erie Avenue
Rockaway, NJ 07866

Manhattan Beer                          Trade Debt     $1,202,040
Attn.: President or General Counsel
955 East 149th Street
Bronx, NY 10455
Tel: 718-292-9300
Fax: 718-292-0125

Entenmann's Bakery                       Trade Debt    $1,070,182
Attn.: President or General Counsel
c/o Bimbo Bakeries USA
2810 Golden Mile Hwy
Pittsburgh, PA 15239
Tel: 724-327-1854
Fax: 610-320-9286

Quad Graphics, Inc.                      Trade Debt      $917,327
Attn.: President or General Counsel
N61 W23044 Harry's Way
Sussex, WI 53089-3995
Tel: 414-566-6000
Fax: 414-566-9558
Email: sxwdeliveryappt@qg.com

CBA Industries                            Trade Debt     $859,592
Attn.: President or General Counsel 669
River Drive
Elmwood Park, NJ 07407-1717
Tel: 201-587-1717
Fax: 201-587-8308

Arnold Bakers Inc.                        Trade Debt     $828,507
Attn.: President or General Counsel c/o
Bimbo Bakeries USA
2810 Golden Mile Hwy
Pittsburgh, PA 15239
Tel: 724-327-1854
Fax: 610-320-9286

Coremark/Klein Wholesale Dist.            Trade Debt     $810,200
Attn.: President or General Counsel
395 Oyster Point Blvd
South San Francisco, CA 94080
Tel: 650-589-9445
Fax: 650-952-4284

S B Thomas Inc.                           Trade Debt     $761,268
Attn.: President or General Counsel
191 Talmadge Road #5
Edison, NJ 08817
Tel: 732-287-0040
Fax: 732-287-0292

Utz Quality Foods Inc.                    Trade Debt     $758,346
Attn.: President or General Counsel
900 High Street
Hanover, PA 17331
Tel: 717-637-6644
Fax: 717-634-5890
Email: customerservice@utzsnacks.com

Wise Foods                                Trade Debt     $725,233
Attn.: President or General Counsel
228 Raseley Street
Berwick, PA 18603
Tel: 888-759-4401
Fax: 570-759-4001

Tolt Solutions, Inc.                      Trade Debt     $680,919
Attn.: President or General Counsel
3550 Rutherford Rd.
Taylors, SC 29687
Tel: 704-206-7868
Fax: 704-509-2538
Email: marketing@toltsolutions.com

Capital Wine & Spirits                    Trade Debt     $664,951
Attn.: PJ Horgan - President
129 Hartman Road
North Wales, PA 19454
Tel: 267-960-0900
Fax: 267-960-0901

Kellermeyer Bergensons Services LLC       Trade Debt     $650,921
Attn.: President or General Counsel
1575 Henthorne Drive
Maumee, OH 43537
Tel: 419-867-4300
Fax: 800-288-1375
Email: hr@kbs-services.com

Nebraskaland                              Trade Debt     $649,020
Attn.: President or General Counsel
355 Food Center Drive Building-G
Bronx, NY 10474
Tel: 718-842-0700
Fax: 718-842-2046
Email: customerservice@nebraskaland.com

Keebler Biscuit Co.                        Trade Debt    $624,030
Attn.: President or General Counsel
677 Larch Ave
Elmhurst, IL 60126
Tel: 630-833-2900
Fax: 630-833-6961

Pepperidge Farm Inc. Bread                 Trade Debt    $613,315
Attn.: President or General Counsel
595 Westport Ave
Norwalk, CT 06851
Tel: 203-846-7000
Fax: 203-846-7369

Lehigh Valley Dairies Inc.                 Trade Debt    $572,201
Attn.: President or General Counsel
880 Allentown Road
Lansdale, PA 19446
Tel: 570-385-1884
Fax: 570-385-1686

Universal Environmental                     Trade Debt   $538,378
Attn.: President or General Counsel
900 Merchants Concourse, Suite 214
Westbury, NY 11590
Tel: 800-552-0309
Fax: 516-489-3736
Email: jciardulli@uecny.com

Western Union Financial                     Trade Debt   $500,000
Attn.: President or General Counsel
12510 Belford Avenue
Englewood, CO 80112
Tel: 720-332-1000
Fax: 720-332-4753

Mc Kee Baking Co                            Trade Debt   $491,712
Attn.: President or General Counsel
10260 McKee Road
Collegedale, TN 37315
Tel: 615-238-7111
Fax: 615-238-7127

Nestle DSD Company Ice Cream                Trade Debt   $482,348
Attn.: President or General Counsel
3863 Collections Center Drive
Chicago, IL 60693
Tel: 510-652-8187
Email: karla.johnson@us.nestle.com

Consolidated Edison Co-NY                  Trade Debt    $465,536
Attn.: President or General Counsel
4 Irving Place
New York, NY 10003
Tel: 212-460-4600
Fax: 212-673-1729

Flowers Baking Co of Lynchburg, LLC        Trade Debt    $446,551
Attn.: President or General Counsel
1905 Hollins Mill Road
Lynchburg, VA 24503
Tel: 434-528-0441
Fax: 434-528-3413

R & R Marketing                            Trade Debt    $435,551
Attn.: Credit Dept.
10 Patton Drive
West Caldwell, NJ 07006
Tel: 973-228-5100
Fax: 973-403-8670

Two Paragon Drive LLC                         Rent       $435,080
c/o Paragon Affiliates
Attn.: President or General Counsel
One Paragon Dr., Ste. 145
Montvale, NJ 07645
Tel: 201-391-5070

Masters Pharmaceutical                     Trade Debt    $433,975
d/b/a River City Pharma
Attn.: President or General Counsel
11930 Kemper Springs Drive
Cincinnati, OH 45240
Tel: 513-354-2690
Fax: 513-354-2691
Email: info@mastersrx.com

Brescome Barton Inc.                       Trade Debt    $432,771
Attn.: President or General Counsel
69 Defco Park Rd.
North Haven, CT 06473
Tel: 203-239-4901
Fax: 203-985-8205
Email: Sales@BrescomeBarton.com

Stroehmann Bakeries Inc.                   Trade Debt    $431,470
Attn.: President or General Counsel
255 Business Center Drive
Horsham, PA 19044
Tel: 215-672-8010
Fax: 215-672-6988

Clare Rose Nassau                          Trade Debt    $419,542
Attn.: Sean Rose, CEO
100 Rose Executive Blvd.
East Yaphank, NY 11967
Tel: 631-475-1840
Fax: 631-475-1837
Email seanrose@clarerose.com

Parmed Pharmaceuticals Inc.                Trade Debt    $409,752
Attn.: Daniel H. Movens - Senior VP
4220 Hyde Park Blvd.
Niagara Falls, NY 14305-1798
Tel: 716-284-5666
Fax: 800-727-6330
Email dmovens@parmedpharm.com

Snyder's of Hanover                        Trade Debt    $401,018
Attn.: President or General Counsel
1250 York Street
P O Box 6917
Hanover, PA 17331
Tel: 717-632-4477
Fax: 717-632-7207

Valassis                                   Trade Debt    $396,409
Attn.: President or General Counsel
19975 Victor Parkway/
Livonia, MI 48152
Tel: 734-591-3000
Fax: 860-285-6412

Snapple Distributors Inc.                  Trade Debt    $391,795
Attn.: President or General Counsel
12891 Collections Center Dr.
Chicago, Il 60693
Tel: 972-673-7000
Fax: 972-365-8150

Goya Foods                                 Trade Debt    $382,773
Attn.: President or General Counsel
350 County Road
Jersey City, NJ 07307
Tel: 201-348-4900
Fax: 201-348-6609


ATLANTIC & PACIFIC: Returns to Chapter 11 to Sell Stores
--------------------------------------------------------
The Great Atlantic & Pacific Tea Company, Inc., the 156-year-old,
297-store supermarket and liquor store chain, has sought Chapter 11
creditor protection once more, after lining up deals to sell 120 of
its stores for $600 million.  Those deals will keep the stores
open.

As part of the bankruptcy filing, Atlantic & Pacific also has
decided to close 25 underperforming stores.  It has yet to find
buyers -- and is launching a separate sale process -- for the
approximately 152 remaining stores.

According to filings with the U.S. Bankruptcy Court for the
Southern District of New York, A&P and its affiliates have signed
an agreement to sell:

   -- 76 A&P, Superfresh, Pathmark stores to Acme Markets, Inc., in
New Jersey, New York, Pennsylvania, Connecticut, Maryland, and
Delaware for $255.7 million in cash plus the amount of the
inventory plus prepaid expenses plus assume liabilities, subject to
higher and better offers;

   -- 25 A&P, Pathmark and Waldaums stores in New York and New
Jersey to The Stop & Shop Supermarket Company, LLC, for $146.3
million in cash plus inventory plus prepaid expenses, subject to
adjustments, plus assumed liabilities, subject to higher and better
offers;

   -- 19 Food Basics, Waldaums, A&P, Food Emporium and Pathmark
stores in New Jersey and New York to Key Food Stores Co-Operative,
Inc., for $27.55 million in cash plus inventory plus prepaid
expenses, subject to adjustments, plus assumed liabilities, subject
to higher and better offers.

The Debtors also have engaged Hilco to solicit interest in the
approximately 152 stores that are not currently the subject of the
stalking horse bids.  They will also seek to close 25
underperforming stores that are not or will not be included in the
auctions and reject the leases associated with those stores.

The Debtors said they have commenced Chapter 11 cases to implement
a comprehensive asset sales strategy, which they say is critical to
maximizing recoveries for all creditors and preserving thousands of
jobs.  Following an unsuccessful merger and acquisition process in
2014, the Debtors have refinanced their credit facilities and
undertaken a strategic review process to find the best path forward
to save jobs and maximize value.  

Since March 2015, the Debtors' board and management have been
actively engaged in an extensive strategic review process to
identify various alternatives for the Debtors' businesses.  In that
regard, Evercore Group LLC, the Debtors' investment bankers,
actively marketed the Debtors' stores for going concern sales in an
organized prepetition bidding process, contacting over 30 potential
buyers, including strategic and financial buyers (the "Tier I Sale
Process").

The Debtors received 8 bids as part of the Tier I Sale Process and,
after extensive negotiations with the bidders and deliberations
with their advisors, have entered into three stalking horse asset
purchase agreements.  The stalking horse bids provide for the going
concern sale of 120 stores, which employ 12,500 employees, for an
aggregate purchase price of almost $600 million (the "Stalking
Horse Bids").  The Stalking Horse Bids are each subject to higher
or better offers in accordance with the global bidding procedures.
The Debtors are continuing to engage with other interested parties
as part of the sale process and expect to enter into many
transactions for the sale of additional stores on a going concern
basis during the Chapter 11 cases.

Although the Tier I Sale Process has so far been successful, the
Debtors' strategic review process and the sale process have also
confirmed to the Debtors' that their businesses are not sustainable
over the long term under the current cost structure. No bidder has
been willing to assume the Debtors' liabilities—in particular,
the Debtors' substantial labor and pension obligations—in
connection with a purchase of the Debtors' stores. To the contrary,
the stalking horse bidders and all other bidders in the Tier I Sale
Process conditioned their purchase of the Debtors' assets free and
clear of all liabilities, such as liabilities arising under or
related to the Debtors' collective bargaining agreements, including
the multi-employer contribution and withdrawal liabilities relating
thereto.  That being said, the Stalking Horse Bids all contemplate
negotiating with the Debtors' unions to reach agreements for
employment with affected employees. The Debtors are hopeful that
consensual agreements may be reached with affected unions.

Given these and other considerations, the Debtors have concluded in
the exercise of their business judgment and as fiduciaries for all
of the Debtors' stakeholders that the best and only viable path to
maximize the value of their business and preserve thousands of jobs
is a strategic chapter 11 filing to facilitate sales free and clear
of liabilities.  It is the Debtors' judgment that if the Debtors
cannot achieve free and clear sales within the required time
periods prescribed by the APAs and the debtor-in-possession
financing agreement, all of the value that has been created and
preserved through the Debtors' prepetition strategic review and
marketing process will be destroyed, and the Debtors will be left
with no choice but to liquidate their business in a fire sale and
piecemeal fashion.

                    DIP Financing From Fortress

The Debtors have secured a fully-committed Junior Lien DIP Facility
in the amount of $100 million from Fortress Credit Group.

Subject to Court approval, the Debtors expect to soon have
approximately $50 million in bank cash available on their balance
sheet and approximately $50 million in additional borrowing
capacity upon entry of an interim order approving the Junior Lien
DIP Facility, and an additional $50 million upon entry of a final
order approving the Junior Lien DIP Facility.  The Junior Lien DIP
Facility, together with the consensual use of cash collateral,
should provide the Debtors with sufficient liquidity to implement
the Sale Strategy in an orderly and value-maximizing manner.

Given the significant costs associated with continued operations,
the Junior Lien DIP Facility imposes strict milestones on the
Debtors to accomplish various objectives in a prompt and timely
manner.  In particular:

   * Within 10 days of the Commencement Date, the Debtors must file
a motion to reject the 25 stores that are cash flow negative and
have no real estate value (the "Initial Closing Stores");

   * within 20 days of the Commencement Date, the Debtors must file
a motion seeking entry of an order  approving bidding and auction
procedures in connection with the sale of the Debtors stores (with
a minimum value of $275 million (excluding inventory and scripts)
(the "363 Sales");

   * Within 45 days of the Commencement Date, the Court must have
entered the Bidding Procedures Order;

   * Within 60 days of the Commencement Date, the Debtors must
vacate premises of each of the Initial Closing Stores;

   * On or before Oct. 15, 2015, the Court shall have entered
orders approving the 363 Sales (with a minimum value of $275
million (excluding inventory and scripts); and

   * On or before Oct. 30, 2015, the Debtors shall have consummated
the 363 Sales, pursuant to a purchase agreement entered into among
the Debtors and the winning bidder(s) at the auctions.

In addition, the DIP financing is conditioned on the modification
of the Debtors' CBAs.  Specifically, the Junior Lien DIP Facility
requires that, within 30 days of the Commencement Date, the Debtors
must reach agreements with their collective bargaining units,
including the collective bargaining units applicable to the Initial
Closing Stores, to implement store closing programs and other
accommodations needed to facilitate the Sale Strategy. To the
extent the Debtors and the unions do not reach agreement on these
modifications within the requisite time frame, the Junior Lien DIP
Facility requires the Debtors to file a motion for temporary relief
from the Court pursuant to section 1113(e) of the Bankruptcy Code
and to obtain entry of an order authorizing such relief within 45
days of the Commencement Date.

Additionally, on or prior to the date of the entry of any Sale
Order, the Debtors will either (i) have reached agreements in good
faith with representatives of their collective bargaining units for
relief from CBAs applicable to personnel of the stores subject to
such sale, or (ii) shall have obtained entry of an order by the
Court authorizing relief pursuant to section 1113(c) of the
Bankruptcy Code.

                      Global Bidding Procedures

Pursuant to the Tier I Global Sales Motion, the Debtors seek
approval of uniform bidding and auction procedures (the "Tier I
Global Bidding Procedures") for all of their stores and related
assets, including, but not limited to, the stores that are the
subject of each of the Stalking Horse Bids (the "Tier I Process").
Under the Tier I Global Bidding Procedures, interested parties will
have the opportunity to bid for any of the Debtors' stores, either
individually or on a package basis, whether or not a particular
store or package of stores is included in a Stalking Horse Bid.  In
order to top a Stalking Horse Bid, however, the Debtors must have
received bids that individually or in combination with other bids
that include all of the stores included in the Stalking Horse Bid
are higher or better than such Stalking Horse Bid.

In addition, during their negotiations with the Stalking Horse
Purchasers, the Debtors insisted that certain of the Debtors'
stores have significant standalone value and accordingly did not
agree to stalking horse protections in the event of a higher or
better bid or bids for such stores.  For example, the A&P store
located in Mount Kisco, New York, is the Debtors' best performing
store with annual four-wall EBITDA of $9.2 million in fiscal year
2014. Based on their negotiations and discussions with interested
bidders, the Debtors are confident that there is significant
interest in the Mount Kisco store and that it should generate
significantly greater value if auctioned on a standalone basis.
Accordingly, although the Mount Kisco store is part of a Stalking
Horse Bid, parties in interest may submit a bid, and the Debtors
may conduct a separate auction, for just the Mount Kisco store
without triggering a break-up fee or expense reimbursement.

Interested parties are requested to submit non-binding indications
of interest for any stores they may have an interest in purchasing
by Aug. 24, 2015, with final bids to be submitted by September 11,
2015, all in accordance with the Tier I Global Bidding Procedures.
This will provide the Debtors the best available and most complete
information on the scope of interest for all of their stores in a
timely and orderly fashion so the Debtors, in consultation with
their advisors and key stakeholders, can make informed decisions on
the sale of their stores.  Under the Tier I Global Bidding
Procedures, the Debtors will have the ability and time to evaluate
each of the bids, identify any overlap and conduct auctions as
necessary to maximize value for each of their stores and related
assets.

Given the current circumstances and the need for the Debtors to
move as quickly as possible, the Tier I Global Bidding Procedures
set forth an expeditious bidding and sale process with the
following key proposed dates:

   * Aug. 10, 2015: Hearing on motion to Approve Global Sale
Procedures;

   * Aug. 24, 2015: Global indication of interest date by which all
interested parties should contact the Debtors to indicate their
interest in any of the Debtors' stores.

   * Sept. 11, 2015: Global Bid Deadline for any store or packages
of stores, whether or not such stores are included in a Stalking
Horse Bid;
  
   * Sept. 18, 2015: Selection and publication of baseline bids

   * Sept. 24 – 25, 2015: Auction(s);

   * Oct. 1, 2015: Sale Hearing.

                      No Buyers Yet for 150 Stores

The Debtors have an extremely valuable real estate portfolio. The
Debtors have engaged Hilco Real Estates LLC to provide real estate
consulting services and to actively monetize their valuable real
estate portfolio.  Specifically, Hilco has been retained to solicit
interest in the approximately 150 stores that are not currently the
subject of a Stalking Horse Bid, plus any stores included in the
Tier 1 Process that are not sold during such process (collectively,
the "Tier II Stores").

To effectively market the Tier II Stores, negotiate and secure bids
and conduct auctions, if necessary, to elicit the highest and best
offers within the compressed timeline imposed by the DIP Milestones
and Budget, all in order to maximize the value of the Debtors'
remaining real estate portfolio, the Debtors require flexibility to
move as expeditiously as possible. Accordingly, the Tier II
Procedures Motion seeks authority for advance approval of omnibus
procedures that will permit the Debtors to solicit proposals,
negotiate transactions, provide break-up fee protections (if
necessary and appropriate), hold auctions on an as-needed basis and
consummate the highest and best offer, all while protecting the due
process rights of all parties in interest and giving them and the
Court a full and fair opportunity to review and consider the
proposed transaction.

In light of the sheer volume of Tier II Stores and the compressed
timeline under which the Debtors must act to maximize value, the
Debtors believe that the Tier II Store procedures are appropriate
and provide the much-needed flexibility to maximize the value of
the Debtors' real estate portfolio.  Interested parties will be
given adequate notice of the proposed transactions without
incurring the administrative costs and delay associated with
separately seeking Court approval for every single such
transaction.

                           Store Closings

The Debtors seek to implement global procedures to effectuate the
closing of underperforming stores that are not or will not be sold
during the Tier I Process or the Tier II Process (the "Tier III
Stores"). The Tier III Stores are generally characterized as having
negative "four-wall" EBITDA and leasehold value locations.  The
Debtors' designed the Store Closing Procedures to provide them with
an efficient mechanism to effectively address the three main
requirements for closing any of their stores.

The proposed Store Closing Procedures will provide the Debtors with
the ability to liquidate inventory and the furniture, fixtures and
equipment, and to sell or transfer prescription drug products and
customer prescriptions (the "Store Closing Assets") that are
associated with the Tier III Stores.  The Store Closing Procedures
will also provide the Debtors the ability to reject burdensome
leases and sell, transfer or abandon certain surplus, obsolete,
non-core, or burdensome assets without the need for a Court motion
and hearing for each such action.

Prior to the Commencement Date, the Debtors identified 25 Tier III
Stores (referred to as the Initial Closing Stores) (i) that have a
negative 4-wall EBITDA; (ii) for which no bids to acquire the store
have been received after marketing; and (iii) that do not have a
positive market value.  The Initial Closing Stores contribute no
value to the Debtors' balance sheet and will cost the Debtors
approximately $20 million dollars in expense (inclusive of rent and
labor costs) for the remainder of Fiscal Year 2015 alone. They need
to be closed and vacated immediately to minimize further losses and
costs associated therewith.  In addition to the significant savings
obtained in rejecting the leases underlying the Initial Closing
Stores, however, the Debtors estimate that they will be able to
recover approximately $48 million in gross sale proceeds from
liquidating the Store Closing Assets located at the Initial Closing
Stores.

                      About Atlantic & Pacific

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately 300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The
primary retail operations consist of supermarkets operated under a
variety of well known trade names, or "banners," including A&P,
Waldbaum's, SuperFresh, Pathmark, Food Basics, The Food Emporium,
Best Cellars, and A&P Liquors.  The Company currently employs
approximately 28,500 employees, over 90% of whom are members of one
of twelve local unions whose members are employed by the Debtors
under the authority of 35 separate collective bargaining agreements
(collectively, the "CBAs").

Then with 429 stores, A&P and its affiliates filed Chapter 11
petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010, and
in 2012 emerged from Chapter 11 bankruptcy as a privately held
company with 320 supermarkets.

On July, 19, 2015, with 300 stores, A&P and 20 affiliated debtors
each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching
deals for the going concern sales of 120 stores.  The Debtors are
seeking joint administration under Case No. 15-23007.

As of Feb. 28, 2015, the Debtors reported total assets of $1.6
billion and liabilities of $2.3 billion.

The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore
Group L.L.C., as investment banker, FTI Consulting, Inc., as
financial advisor, Hilco Real Estate, LLC, as real estate advisor,
and Prime Clerk LLC, as claims and noticing agent.

The Debtors' sale advisors can be contacted at:

         EVERCORE GROUP LLC
         Paul Billyard
         Tel: 212-857-3150
         E-mail: billyard@evercore.com
         Will Jurist
         Tel: 212-849-3637
         E-mail: William.jurist@evercore.com

                - and -

         HILCO REAL ESTATE LLC
         Gregory Apter
         E-mail: gapter@hilcoglobal.com
         Matt Tabloff
         E-mail: mtabloff@hilcoglobal.com


BAHA MAR: Balks at Bahamian Govt. Seeking Winding Up
----------------------------------------------------
Baha Mar Ltd. issued the following statement with regard to the
Prime Minister's decision announced on July 16:

"The Bahamian Government's decision to seek a winding up of Baha
Mar is both unnecessary and reactionary, puts Baha Mar's staff and
assets at severe risk, and significantly jeopardizes the future of
the resort.

Baha Mar senior officials have been and continue to be in China
engaged in ongoing discussions with both the general contractor and
the lender.  Yet, notwithstanding those good faith discussions, the
Government announced on July 16 it will seek to liquidate Baha Mar,
creating a distraction from these ongoing discussions.

Here are the plain hard facts:

Baha Mar adjourned a hearing on its application for recognition of
the U.S. Bankruptcy Court's orders until July 20, such that the
parties can negotiate a global resolution that would permit
completion of the project.  The matter was not adjourned for the
Government to pursue legal remedies.

Discussions seeking a consensual resolution between Baha Mar, China
State Construction and The Export-Import Bank of China continued to
take place in Beijing on July 17 -- even as the Prime Minister
implemented this unnecessary action.  

Baha Mar believes that these parties have developed an
understanding of what is needed to finish the project and are
willing to provide the required financing.  As the Prime Minister
had correctly stated to us, once the parties have agreed on such a
pathway for consensual resolution, the rest is just details.

The discussions were not ended; the Government left the ongoing
discussions to follow its own path rather than to continue to act
in a mediator capacity between the private parties as it had
announced it would do.

The Government fails to explain how availing itself of the Winding
Up Act of Bahamian law provides more or better relief that the
Chapter 11 process.  The statute does not have the robust
protections afforded to all creditors under Chapter 11.  In effect
the Government of The Bahamas legal maneuvers are an attempted
nationalization of a private investor's assets.  

Further, Bahamas law itself provides for recognition of proceedings
such as Chapter 11 to give legal effect on Bahamas soil.  Such
mutual recognition of cross border insolvencies is a common
international legal standard existing among many countries.

Many of the statements of the Prime Minister are just plain
misleading:

There was no agreement in June as the Prime Minister said.  There
was a not finalized understanding discussed by Baha Mar and The
Export-Import Bank of China to which China State Construction and
CCA had not agreed.  Indeed, there was no construction timeline or
cost to complete from the general contractor or terms received from
the lender.

Baha Mar has not refused to dismiss the Chapter 11.  We have agreed
to dismiss the case as soon as parties have a mutually-beneficial
binding agreement to the benefit of all parties, an interest the
Government should share, rather than taking actions that risk
irreparably damaging the discussions.

Even so, the Chapter 11 is not an attack on the sovereignty of the
country in any manner.  The application for the recognizing orders
was not intended to enjoin any action by the Government.

The project was on budget, even with a four month delay, had it
opened on March 27, the date that China State Construction
repeatedly promised the developer and the Prime Minister, including
during his visit to Beijing in January.  The project continued to
survive past that date, and employees were paid, in no small part
due to contributions of more than $18 million by the Izmirlian
family.  The Izmirlian family has invested over $900 million in the
project, has repeatedly announced its willingness to invest
millions more, as recently as offering $80 million to Baha Mar.

We urge the Government of The Bahamas not to seize private party
assets and to allow the private parties in what is after all a
commercial enterprise to come to an agreement that would allow for
the completion and opening of Baha Mar as soon as possible, as the
Government has publicly and explicitly urged.

For our part, Baha Mar is evaluating its alternatives with respect
to addressing the Government's precipitous action and will continue
to move forward with its ongoing appropriate efforts to position
the resort to be properly completed and opened successfully as soon
as possible."

                        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.


BANKRATE INC: Moody's Confirms B1 CFR & Revises Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service confirmed Bankrate, Inc.'s B1 Corporate
Family, B1-PD Probability of Default, Ba1 senior secured revolver
and B2 senior unsecured note ratings, affirmed the SGL-1
Speculative Grade Liquidity Rating and revised the outlook to
stable.  These actions follow the company's recent filing of
previously suspended financial reports with the Securities and
Exchange Commission as well as internal resolution of audit
restatement matters.  This concludes the ratings review that
commenced on Sept. 16, 2014.

Ratings Confirmed:

-- Corporate Family Rating, B1
-- Probability of Default Rating, B1-PD
-- $70 Million Senior Secured Revolver due 2018, Ba1 (LGD-1)
-- $300 Million Senior Unsecured Notes due 2018, B2 (LGD-4)

Rating Affirmed:

-- Speculative Grade Liquidity Rating, SGL-1

Outlook Actions:

-- Outlook, Changed to Stable From Rating Under Review

RATINGS RATIONALE

The ratings confirmation reflects Bankrate's filing of its Form
10-Q quarterly financial statements ended September 2014 and March
2015 and Form 10-K audited financial statement for fiscal 2014
within the extended waiver period granted by its lenders.  The
filings occurred after completion of the Audit Committee's internal
review of certain accounting irregularities that prompted
investigations by the SEC and Department of Justice (DOJ) late last
year.  Concurrent with the filings, the company restated its
financial results for fiscal years 2011, 2012 and 2013.  In Moody's
opinion, the restatements did not materially impact Bankrate's
financial position, liquidity profile or cash flows as the amounts
involved were relatively small and the internal review did not
uncover any new accounting discrepancies that were bigger in
scope.

Although the SEC has not concluded its investigation, the SEC's
enforcement staff has signaled that it is preparing to recommend to
the Commission's committee a proposed settlement that would require
the company to pay a $15 million penalty.  Moody's believes the
company can easily pay this amount given our expectation for very
good liquidity (SGL-1) over the rating horizon, which includes cash
balances of $155 million, $70 million of unused revolver capacity
and projected free cash flow generation.  However, since the terms
of the proposed settlement have yet to be officially approved by
the SEC, there is no guarantee that Bankrate will successfully
resolve the SEC's investigation or that the Commission will approve
the proposed settlement amount.  Further, Moody's do not know: (i)
the timeframe when the Commission is expected to review the
proposed settlement; (ii) when the DOJ investigation will be
completed; (iii) the final outcome of the DOJ investigation; or
(iv) what penalty or settlement terms, if any, that the DOJ may
impose on the company.  To the extent the actual SEC settlement
penalty is materially greater than the proposed amount or any
settlement amounts lead to a materially weakened liquidity profile,
ratings could experience downward pressure.

Bankrate's B1 CFR reflects its strong credit metrics, which provide
the company with flexibility for continued acquisitions, stock
buybacks and potential shareholder distributions as well as
adequate cushion to absorb increased earnings volatility associated
with changes in consumer spending and rising interest rates.  The
rating also incorporates the event risks associated with continued
ownership by a private equity sponsor (Apax), its relatively modest
revenue base, and exposure to cyclical consumer finance products
and online advertising spending, which may lead to revenue
volatility.  These risks are mitigated by the company's strong
brand, high quality aggregated content and leading position in
online consumer personal finance.  Further, Moody's expects
Bankrate to continue to benefit from the secular shift of
advertising spend and personal finance purchase activity to online
and mobile platforms from traditional channels.

G&A costs have increased considerably over the past nine months
primarily due to higher expense for outside accountants and counsel
in connection with the financial audit and SEC investigation.  This
has led to lower operating margins in the 4-10% range and weaker
EBITDA compared to historical levels. However, we expect margins to
revert to their historical range of 10-15% as these costs abate
over the coming quarters, which should boost EBITDA, and, in turn,
improve financial leverage.  Total debt to EBITDA was 3.0x as of
March 31, 2015 (incorporating Moody's standard operating lease
adjustment, stock-based compensation expense and costs associated
with the restatement, internal review and investigations), which
comfortably positions Bankrate within the B1 rating category.
Moody's expects leverage to improve to the 2.5x-2.8x range over the
next 12-18 months as EBITDA expands.  Nevertheless, the B1 rating
can accommodate leverage as high as 3.5x to facilitate execution of
Bankrate's organic and acquisition growth initiatives.

Rating Outlook

The stable rating outlook incorporates expectations that Bankrate
will continue to pursue acquisitions and shareholder distributions
funded from free cash flow and periodic debt issuance or revolver
borrowing, and will maintain a solid liquidity position and total
debt to EBITDA below 3.5x (Moody's adjusted).  Moody's also assumes
the US economy will continue to grow modestly and expect the
company to maintain solid performance even if consumer finance
interest rates increase over the next 12-18 months.

What Could Change the Rating -- UP

Bankrate's small scale, potential for leveraging transactions, and
volatility of online consumer finance advertising limit upward
rating potential.  However, Moody's would consider a higher rating
if the company profitably grows the revenue base, maintains a
strong liquidity position, commits to a strong credit profile and
sustains total debt to EBITDA comfortably below 2x (Moody's
adjusted) and free cash flow to debt of about 15%.

What Could Change the Rating -- DOWN

A decline in earnings or acquisitions or cash distributions
resulting in sustained total debt to EBITDA above 3.5x (Moody's
adjusted) could lead to a downgrade.  Deterioration of the
liquidity profile due to weak cash generation or material penalties
to settle SEC or DOJ investigations could also have negative
ratings implications.

Headquartered in New York, NY, Bankrate, Inc. is an Internet media
company that publishes, aggregates and distributes personal
finance, consumer banking and editorial content on its proprietary
websites across various verticals including mortgages, deposits,
insurance, credit cards, auto loans, home equity loans and money
market accounts.


BATE LAND: BLC Granted Leave to Appeal Sec. 1129 Finding
--------------------------------------------------------
Judge Terrence W. Boyle of the United States District Court for the
Eastern District of North Carolina, Southern Division, granted Bate
Land Company's motion for leave to appeal from a bankruptcy court's
order holding that Debtor Bate Land & Timber, LLC's amended plan of
reorganization satisfied the requirements of Section 1129(a) of the
Bankruptcy Code.

Prior to the Petition Date, the Debtor and Bate Land Company (BLC)
had executed an agreement for purchase and sale of non-residential
real property, under which the Debtor purchased 79 tracts of real
property totaling roughly 17,000 acres in nine counties in eastern
North Carolina for $65,000,000.  The Debtor was required to pay
$9,000,000 of the purchase price at the closing, and thereafter the
Debtor executed a purchase money promissory note in the original
principal amount of $56,000,000 with interest accruing at the rate
of 9% per annum.  Repayment was secured by purchase money deeds of
trust sold to the Debtor under the purchase contract.

Under the Debtor's Amended Chapter 11 plan of reorganization, the
Debtor proposed to treat BLC as secured in an amount equal to the
outstanding principal and interest due as of the Petition Date,
plus costs and expenses as approved by the bankruptcy court under
Section 506(c), less any postpetition payments.  The Debtor's
amended plan further proposed that, based upon the bankruptcy
court's valuation of ten properties located in Pamlico, Beaufort,
Craven, Jones, Brunswick, and Pender counties, the Debtor would
elect either to surrender some or all of the properties in full or
partial satisfaction of the remaining balance due to BLC and/or pay
the remaining balance based on a 20-year amortization with
interest.  If the Debtor elects to repay the remaining balance due
over time, the amended plan permits the Debtor to sell any of the
properties encumbered by BLC's liens in any size increment, pay a
release fee to BLC of 70% of the net sales proceeds, and permit the
Debtor to cut and harvest timber designated as development tracts
while remitting 50% of the gross timber sale proceeds to BLC.

BLC filed its objection to the amended plan, and the bankruptcy
court heard evidence and arguments presented in support of and
against the reorganization plan.  On January 15, 2015, the
bankruptcy court entered an order holding that debtor had satisfied
the requirements of Section 1129(a), setting the fair market value
of two tracts of land -- the Broad Creek and Bay-River/Smith Creek
tracts, and determining that the amount of the secured claim of BLC
is between $14,931,823 and $15,411,284.  The bankruptcy court
further ordered that it could not determine whether the amended
plan complies with Section 1129(b) until the Debtor identifies
additional tracts to surrender and/or opts to amortize the
remaining amount of the secured claim of BLC, and that a hearing
would be scheduled to determine the amount of BLC's secured claim.

BLC sought leave to appeal the bankruptcy's court's January 15,
2015, order.

According to Judge Boyle, though the entire Chapter 11 plan has not
been confirmed or disallowed, the bankruptcy court has finally
disposed of discrete issues, namely the value of two tracts of land
and whether the amended plan, as proposed, complies with Section
1129(a).  While the bankruptcy court's order provides for further
hearing on and consideration of the actual amount of BLC's secured
claim and whether the amended plan conforms with Section 1129(b),
it does not contemplate a revision or revisiting of its holding on
the valuation of the land tracts or the amended plan's conformance
with Section 1129(a), Judge Boyle said.  Moreover, a determination
of the value of properties encumbered by BLC's deed of trust is
central to the treatment of its secured claim and its interest in
the collateral, Judge Boyle held.  For these reasons, the District
Court held that in this circumstance and in light of the nature of
the amended Chapter 11 plan subject to approval, "the postponing of
review by the district court . . . of discrete issues could result
in the waste of valuable time and already scarce resources.  Thus,
finding that the January 15, 2015, bankruptcy order is a final,
appealable order is appropriate."

A full-text copy of Judge Boyle's Order dated May 26, 2015
available at http://is.gd/vuHSQFfrom Leagle.com.

Joseph Z. Frost, Esq. -- jfrost@stubbsperdue.com -- Laurie B.
Biggs, Esq. -- lbiggs@stubbsperdue.com -- and Trawick H. Stubbs,
Jr., Esq. -- tstubbs@stubbsperdue.com -- of Stubbs & Perdue, PA
serve as counsel for Appellant Bate Land Company, L.P.

George Mason Oliver, Esq. -- gmo@ofc-law.com -- of Oliver Friesen
Cheek PLLC serves as counsel for Appellee Bate Land & Timber.

                     About Bate Land & Timber

Willotte, North Carolina-based Bate Land & Timber, LLC, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr.
E.D.N.C. Case No. 13-04665) on July 25, 2013.  Judge Stephani W.
Humrickhouse oversees the Chapter 11 case.

The Debtor, in amended schedules, disclosed $53,477,624 in assets
and $74,162,211 liabilities as of the Chapter 11 filing.  The
petition was signed by Brad Cheers, manager.

The Bankruptcy Administrator for the Eastern District of North
Carolina was unable to organize and recommend the appointment of a
committee of creditors holding unsecured claims against the
Debtor.


BAXANO SURGICAL: Court OKs Hiring of Rust Omni as Service Provider
------------------------------------------------------------------
Baxano Surgical, Inc. sought and obtained permission from the Hon.
Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware to employ Rust Consulting/Omni Bankruptcy ("Rust Omni") to
provide administrative services to the Debtor.

The Debtor requires Rust Omni to:

   (a) tabulate votes as may be requested or required in
       connection with any and all Chapter 11 plans that may be
       filed by the Debtor and provide ballot reports and related
       balloting and tabulation services to the Debtor and its
       professionals;

   (b) generate an official ballot certification and testify, if
       necessary, in support of the ballot tabulation results; and

   (c) perform such other administrative services as may be
       requested by the Debtor that are not otherwise allowed
       under the Claims & Noticing Agent Order.

Rust Omni will be paid at these discounted hourly rates:

       Clerical Support            $21.25-$38.25
       Project Specialists         $48.88-$63.75
       Project Supervisors         $63.75-$80.75
       Consultants                 $80.75-$106.25
       Technology/Programming      $85-$133.88
       Senior Consultants          $119-$148.75

The services to be rendered by Rust Omni will be billed at a 15%
discount to its standard hourly rates, which range from $21.25 to
$148.75 per hour.  In addition, Rust Omni will provide a $100 per
hour blended rate cap to be calculated on a quarterly basis.

Brian Osborne, president of Rust Omni, 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.

Rust Omni can be reached at:

       Brian Osborne
       RUST CONSULTING/OMNI BANKRUPTCY
       5955 DeSoto Avenue, Suite 100
       Woodland Hills, CA 91367
       Tel: (818) 906-8300
       Fax: (818) 783-2737

                        About Baxano Surgical

Based in Raleigh, North Carolina, Baxano Surgical Inc. develops,
manufactures and markets minimally invasive medical products
designed to treat degenerative conditions of the spine affecting
the lumbar region.  As of March 31, 2013, over 13,500 fusion
procedures and 7,000 decompression procedures have been performed
globally using its products.

Baxano Surgical filed a Chapter 11 bankruptcy petition (Bankr. D.
Del. Case No. 14-12545) on Nov. 12, 2014.  The case is assigned to
Judge Christopher S. Sontchi.

The Debtor, in an amended schedules, disclosed $24,810,590 in
assets and $26,984,139 in liabilities as of the Chapter 11 filing.

The Debtor has tapped John D. Demmy, Esq., at Stevens & Lee, P.C.,
in Wilmington, Delaware, as bankruptcy counsel.  The Debtor is also
employing the law firm of Goodwin Proctor LLP as special counsel,
and the law firm of Hogans Lovell as special healthcare regulatory
counsel.  The Debtor is engaging Tamarack Associates to, among
other things, provide John L. Palmer as CRO.  Houlihan Lokey is
serving as the Debtor's investment banker.  Rust Consulting Omni is
the claims and noticing agent.

The Debtor filed with the Court a Chapter 11 liquidating plan
following the sale of all of its operating assets.

Following the Effective Date, a liquidation trustee will liquidate
the remaining accounts receivable, rights to return of deposits,
refunds of unearned insurance premiums and preference claims.  In
addition, assuming a law firm can be identified that is willing to
undertake an investigation of the viability of any Causes of Action
against current and former directors and officers, on terms
acceptable to the Liquidation Trustee, the investigation will be
undertaken.

The Official Committee of Unsecured Creditors selected Pillsbury
Winthrop Shaw Pittman LLP and Morris, Nichols, Arsht & Tunnell LLP
as co-counsel.  The Committee also tapped Urbanowicz Consulting,
LLC, as consultant.


BAYOU SHORES: Dist. Court Reverses Orders Over Medicare Agreement
-----------------------------------------------------------------
District Judge James S. Moody Jr. reversed orders issued by the
Bankruptcy Court in the Chapter 11 case of Bayou Shores SNF, LLC:

     1. Sept. 5, 2014 order, in which the Bankruptcy Court entered
an injunction prohibiting any action to terminate the Debtor's
Medicare and Medicaid provider agreements;

     2. the Bankruptcy Court's confirmation order that ordered the
assumption of the Medicare and Medicaid provider agreements.

Bayou Shores SNF, LLC operates a skilled nursing facility, the
Rehabilitation Center of St. Petersburg. Its Medicare provider
agreement was terminated on August 3, 2014, after surveys conducted
by the Agency for Health Care Administration ("AHCA") determined
that it was deficient and noncompliant with the requirements to
receive payments under the Medicare and Medicaid programs.

Bayou Shores filed an emergency motion to enjoin Centers for
Medicare and Medicaid Services ("CMS") and AHCA from terminating
its Medicare and Medicaid provider agreements. On September 5,
2014, the Bankruptcy Court granted Bayou Shore's emergency motion.
It concluded that the Medicare provider agreement was not
terminated prior to Bayou Shore's bankruptcy filing and as such, it
was an executory contract that could be assumed. It later issued a
Confirmation Order that asserted jurisdiction over, and ordered the
assumption of, Bayou Shore's Medicare and Medicaid provider
agreements.

On appeal to the District Court, Judge Moody held that the
Bankruptcy Court erred as a matter of law because the
jurisdictional bar in 42 U.S.C. section 405(h) precluded the
Bankruptcy Court from delaying or preventing the effect of CMS'
determination that the provider agreements should be terminated.

The case before the District Court is, FLORIDA AGENCY FOR HEALTH
CARE ADMINISTRATION and THE UNITED STATES OF AMERICA, ON BEHALF OF
THE SECRETARY OF THE UNITED STATES DEPARTMENT OF HEALTH AND HUMAN
SERVICES, Appellants, v. BAYOU SHORES SNF, LLC, Appellee, CASE NOS.
8:14-BK-9521-MGW, 8:14-CV-02816-T-30, CONSOLIDATED WITH NO.
8:14-CV-02617-T-30, NO. 8:15-CV-00103-T-30., 8:15-CV-00128-T-30
(M.D. Fla., Tampa Div.).  A copy of the June 26, 2015 order is
available at http://is.gd/iNnWVxfrom Leagle.com.

Agency for Health Care Administration, Appellant, represented by
Andrew T. Sheeran, Florida Agency for Health Care Administration &
Leslei G. Street, Agency for Health Care Administration.

The United States of America, on behalf of the Secretary of the
United States Department of Health and Human Services, Appellant,
represented by Christopher John Emden, US Attorney's Office,
Colleen Murphy-Davis, US Attorney's Office & Sean Flynn, US
Attorney's Office.

Bayou Shores SNF LLC, Appellee, represented by Andrew V. Layden --
alayden@bakerlaw.com -- Baker & Hostetler, LLP, Elizabeth A. Green
-- egreen@bakerlaw.com -- Baker & Hostetler, LLP, Frank Paul Terzo
-- frank.terzon@gray-robinson.com -- GrayRobinson, PA,Jimmy D.
Parrish -- jparrish@bakerlaw.com -- Baker & Hostetler, LLP &
Tiffany Deborah Payne –- tpayne@bakerlaw.com -- Baker &
Hostetler, LLP.

Synovus Bank, Interested Party, represented by Matthew M. Cahill --
mcahill@bakerdonelson.com -- Baker, Donelson, Bearman, Caldwell &
Berkowitz, PC, Timothy M. Lupinacci -- tlupinacci@bakerdonelson.com
-- Baker, Donelson, Bearman, Caldwell & Berkowitz, PC & Zachary
James Bancroft -- zbancroft@bakerdonelson.com -- Baker, Donelson,
Bearman, Caldwell & Berkowitz, PC.

Pinellas County Tax Collector (NF), Interested Party, represented
by William Carroll Falkner, I, Pinellas County Attorney's Office.

Fernando Gutierrez, Interested Party, represented by Kirk Stuart
Davis, Akerman LLP & Margaret Diane Mathews, Akerman LLP.

United States Trustee - TPA, Interested Party, represented by
Denise E. Barnett, US Trustee's Office.

Pinellas County Attorneys office, Interested Party, represented by
William Carroll Falkner, I, Pinellas County Attorney's Office.

                         About Bayou Shores

Bayou Shores SNF LLC, c/o Rehabilitation Center of St. Petersburg,
filed for Chapter 11 bankruptcy (Bankr. M.D. Fla. Case No.
14-09521) on Aug. 15, 2014, in Tampa.  Elizabeth A Green, Esq., at
Baker & Hostetler LLP, serves as the Debtor's counsel.  In its
petition, the Debtor estimated assets and liabilities of $1
million
to $10 million.  The petition was signed by Tzvi Bogomilsky,
managing member.

The Troubled Company Reporter, on Jan. 13, 2015, reported that the
Rehabilitation Center of St. Petersburg nursing home has emerged
from bankruptcy -- despite protests from Medicare officials --
after a bankruptcy judge agreed it fixed record-keeping and
patient
care problems.


BIRMINGHAM COAL: Hires Ogletree Deakins as Special Counsel
----------------------------------------------------------
Birmingham Coal & Coke Company, Inc. and its debtor-affiliates seek
authorization from the Hon. Tamara O. Mitchell of the U.S.
Bankruptcy Court for the Northern District of Alabama to employ
Ogletree, Deakins, Nash, Smoak, & Stewart, P.C. as special counsel,
nunc pro tunc to June 18, 2015.

As special counsel, Olgetree Deakins expects to represent the
Debtors with matters relating to the Notice including responding to
the Notice, monitoring the United States Equal Opportunity
Commission's ("EEOC") investigation, and any other filings as may
become necessary, at the direction of the Debtors. Ogletree Deakins
further expects to represent the Debtors with any additional EEOC
matters that may arise during this Chapter 11 Case.

Ogletree Deakins will be paid at these hourly rates:

       James C. Pennington, Shareholder      $435
       Jeremiah Rogers, Associate            $330
       Teresa Douglas, Paralegal             $180

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

James C. Pennington, managing shareholder of Ogletree Deakins,
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.

The Court for the Northern District of Alabama will hold a hearing
on the application on July 27, 2015, at 10:30 a.m.

Ogletree Deakins can be reached at:

       James C. Pennington, Esq.
       OGLETREE, DEAKINS,
       NASH, SMOAK, & STEWART, P.C.
       420 20th Street North, Suite 1900
       Birmingham, AL 35203
       Tel: (205) 714-4430
       E-mail: james.pennington@ogletreedeakins.com

                       About Birmingham Coal

Birmingham Coal & Coke Company, Inc. produces and markets coal to
industrial, utility and export markets. It owns and operates three
coal mines with an average annual coal production of approximately
480,000 tons.  The company also offers coal brokerage services.
Birmingham Coal & Coke Company, Inc. was founded in 2000 and is
based in Birmingham, Alabama.  As of May 9, 2011, Birmingham Coal
operates as a subsidiary of CanAm Coal Corp.

On May 27, 2015, Birmingham Coal and affiliates Cahaba Contracting
& Reclamation LLC, and RAC Mining LLC each filed a voluntary
petition for Chapter 11 reorganization (Bankr. N.D. Ala. Lead Case
No. 15-02075) in Birmingham, Alabama.

The Debtors tapped Jones Walker LLP as counsel.

Birmingham Coal and Cahaba Contracting each estimated $10 million
to $50 million in assets and debt. RAC Mining estimated $1 million
to $10 million in assets and debt.


BIRMINGHAM COAL: Taps Simpson McMahan as Special Counsel
--------------------------------------------------------
Birmingham Coal & Coke Company, Inc. and its debtor-affiliates seek
authorization from the Hon. Tamara O. Mitchell of the U.S.
Bankruptcy Court for the Northern District of Alabama to employ
Simpson, McMahan, Glick & Burford, PLLC as special counsel, nunc
pro tunc to May 27, 2015.

As special counsel, Simpson McMahan will represent the Debtors in
litigating all matters relating to the Circuit Court Proceeding,
including any filings as may become necessary, at the direction of
the Debtors during this Chapter 11 case.

Simpson McMahan will be paid at these hourly rates:

       W.Scott Simpson, Partner         $250
       Ann McMahan, Partner             $250
       Jonathan E. Beling, Associate    $200
       Jo Anne Murray, Paralegal        $125

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

Jonathan E. Beling, associate of Simpson McMahan, 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.

The Court for the Northern District of Alabama will hold a hearing
on the application on July 27, 2015, at 10:30 a.m.

Simpson McMahan can be reached at:

       Jonathan E. Beling, Esq.
       SIMPSON, MCMAHAN, GLICK & BURFORD, PLLC
       2700 Hwy 280, Ste 203W
       Mountain Brook, AL 35223-2468
       Tel: (205) 876-1600

                       About Birmingham Coal

Birmingham Coal & Coke Company, Inc. produces and markets coal to
industrial, utility and export markets. It owns and operates three
coal mines with an average annual coal production of approximately
480,000 tons.  The company also offers coal brokerage services.
Birmingham Coal & Coke Company, Inc. was founded in 2000 and is
based in Birmingham, Alabama.  As of May 9, 2011, Birmingham Coal
operates as a subsidiary of CanAm Coal Corp.

On May 27, 2015, Birmingham Coal and affiliates Cahaba Contracting
& Reclamation LLC, and RAC Mining LLC each filed a voluntary
petition for Chapter 11 reorganization (Bankr. N.D. Ala. Lead Case
No. 15-02075) in Birmingham, Alabama.

The Debtors tapped Jones Walker LLP as counsel.

Birmingham Coal and Cahaba Contracting each estimated $10 million
to $50 million in assets and debt. RAC Mining estimated $1 million
to $10 million in assets and debt.


BOOMERANG TUBE: No Outstanding Objections to Zolfo Hiring
---------------------------------------------------------
Boomerang Tube, LLC, et al., filed an application to tap Zolfo
Cooper Management, LLC to provide interim management services and
designate Kevin Nystrom as chief restructuring officer, interim
chief executive officer, and president, nunc pro tunc to the
Petition Date.

According to Mr. Bartley, prior to the objection deadline, the
Debtors received informal comments from the Office of the U.S.
Trustee.  As a result of discussions with the U.S. Trustee, the
Debtors have revised the proposed order submitted to the Bankruptcy
Court.  No other objections or responses were received, and the
Debtors  request entry of the revised proposed order at the
earliest convenience of the Court.

As reported in the Troubled Company Reporter on July 8, 2015, Mr.
Nystrom will continue to serve as the Debtors' CRO, interim
CEO, and president, and Zolfo Cooper will assign associate
directors to perform other services as needed pursuant to the
agreement.  Zolfo Cooper and Mr. Nystrom will lead the Debtors'
restructuring efforts as directed by the Debtors' Board of
Directors. Some of the specific responsibilities will include:

   (a) leading and directing the implementation of the Debtors'
       business plan;

   (b) meeting and negotiating with creditors and their advisors;

   (c) evaluating restructuring alternatives;

   (d) reviewing and modifying the 13-week cash flow forecast and
       long-term business plan;

   (e) continued development of a Chapter 11 plan and obtaining
       confirmation of a Chapter 11 plan; and

   (f) such other restructuring areas and issues as are
       customarily performed by a chief restructuring officer,
       chief executive officer and president.

As set forth in the Agreement, Zolfo Cooper's, Mr. Nystrom's, and
the Associate Directors' compensation will consist of the
following:

   -- Standard Hourly Rates: Zolfo Cooper's fees for the services
      will be based on the hours charged at their standard hourly
      rates that are in effect when the services are rendered;
      Zolfo Cooper's rates generally are revised semiannually.
      The billing rates for professionals who may be assigned to
      This engagement in effect as of Jan. 1, 2015, are:

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

   -- Expenses: Reimbursement of Mr. Nystrom, Associate Directors,
      and Zolfo Cooper's reasonable out-of-pocket expenses
      including, but not limited to, costs of travel,
      reproduction, legal counsel (including legal counsel
      retained to draft and enforce the Agreement), any applicable
      state sales or excise tax, and other direct expenses.

   -- Advance Payments: The Debtors provided prepetition advance
      payments throughout the course of the prepetition
      engagement. Zolfo Cooper applied pre-petition fees and
      expenses against the advance payments.

   -- Retainer: The Debtors provided a pre-petition retainer of
      $100,000.

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

                        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 Debtor disclosed $272,205,337 in assets and $300,375,946 in
liabilities as of th Chapter 11 filing.

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: Resolves UST Concerns to Lazard Hiring
------------------------------------------------------
Boomerang Tube, LLC, et al., have addressed the U.S. Trustee's
objections to their application to hire Lazard Freres & Co. LLC as
investment banker.

According to Mr. Bartley, prior to the objection deadline, the
Debtors received informal comments from the Office of the U.S.
Trustee.  As a result of discussions with the U.S. Trustee, the
Debtors have revised the proposed order approving the application.
No other objections or responses were received, and the Debtors
request entry of the revised proposed order at the earliest
convenience of the Court.

At the behest of the U.S. Trustee, the Order provides, "This Order
and the record relating to the Court’s consideration of the
Application shall not prejudice or otherwise affect the rights of
the U.S. Trustee to challenge the reasonableness of Lazard’s fees
under the standard set forth in section 330 of the Bankruptcy Code.
Accordingly, nothing in this Order or the record shall constitute
a finding of fact or conclusion of law binding on the U.S. Trustee,
on appeal or otherwise, with respect to the reasonableness of
Lazard’s fees based on the standard provided for
in section 330 of the Bankruptcy Code.
As reported in the Troubled Company Reporter on July 9, 2015, the
Debtors sought authorization from the U.S. Bankruptcy Court for the
District of Delaware to employ Lazard Freres & Co. LLC as
investment banker, nunc pro tunc to the June 9, 2015 petition
date.

Lazard Freres will:

   (a) assist the Debtors in identifying and evaluating candidates
       for any potential Sale Transaction, advising the Debtors in
       connection with negotiations and aiding in the consummation
       of any Sale Transaction;

   (b) review and analyze the Debtors' business, operations and
       Financial projections;

   (c) assist in the determination of a range of values for the
       Debtors on a going concern basis;

   (d) advise the Debtors on tactics and strategies for
       negotiating with the Stakeholders;

   (e) render financial advice to the Debtors and participating in
       meetings or negotiations with the Stakeholders and rating
       agencies or other appropriate parties in connection with
       any Restructuring;

   (f) advise the Debtors on the timing, nature, and terms of new
       securities, other consideration or other inducements to be
       offered pursuant to any Restructuring;

   (g) advise and assist the Debtors in evaluating any potential
       Financing transaction by the Debtors, and, subject to
       Lazard's agreement so to act and, if requested by Lazard,
       to execution of appropriate agreements, on behalf of the
       Debtors, contacting potential sources of capital as the
       Debtors may designate and assisting the Debtors in
       implementing such Financing;

   (h) assist the Debtors in preparing documentation within
       Lazard's area of expertise that is required in connection
       with any Restructuring;

   (i) attend meetings of the Board of Directors of Boomerang with
       respect to matters on which Lazard has been engaged to
       advise hereunder;

   (j) provide testimony, as necessary, with respect to matters on

       which Lazard has been engaged to advise hereunder in any
       proceeding before the Bankruptcy Court; and

   (k) provide the Debtors with other financial restructuring
       advice.

The Debtors and Lazard have agreed to these terms of compensation
(the "Fee Structure"):

  -- A monthly fee of $150,000 (the "Monthly Fee"), which will
     accrue and be earned commencing with the first day after
     Boomerang Tube, LLC or any of its controlled subsidiaries has
     filed a petition for relief under chapter 11 of the
     Bankruptcy Code (the "Monthly Fee Commencement Date") and
     continuing until the earlier of the completion of the
     Restructuring or Sale Transaction, or the termination of
     Lazard's engagement pursuant to Section 10.

  -- A fee equal to $3,000,000, payable upon the consummation of a
     Restructuring (the "Restructuring Fee"); provided that:
     - If a Restructuring is consummated pursuant to a Prepackaged
       Plan, or the Company completes a Liquidation, the
       Restructuring Fee will be $500,000; and

     - If the Debtors direct Lazard in writing to discontinue
       efforts to market and consummate a Sale Transaction after
       the 31st day and on or before the 60th day after execution
       of this Agreement, and either a Restructuring is
       consummated on an out-of-court basis (without significant
       involvement or advice from Lazard), or pursuant to a
       Prepackaged Plan, or the Debtors complete a Liquidation,
       the Restructuring Fee will be $1,500,000.

     - If, whether in connection with the consummation of a
       Restructuring or otherwise, the Debtors consummate a Sale
       Transaction incorporating all or a majority of the assets
       or all or a majority or controlling interest in the equity
       securities of the Debtors, a fee (the "Sale Transaction
       Fee") equal to the greater of (i) $3,000,000 or (ii) 1.5%
       of the Aggregate Consideration, as defined in Schedule I
       hereto.

     - If a Restructuring Fee and a Sale Transaction Fee are both
       payable under the terms of this Agreement, only the Sale
       Transaction Fee will be payable.

  -- In addition to any fees that may be payable to Lazard and,
     regardless of whether any transaction occurs, the Debtors
     will promptly reimburse Lazard for all reasonable expenses
     incurred by Lazard (including travel and lodging, data
     processing and communications charges, courier services and
     other expenditures) and the reasonable fees and expenses of
     one firm of counsel, if any, retained by Lazard.

Timothy R. Pohl, managing director of Lazard Freres, 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.
The Court for the District of Delaware will hold a hearing on the
application on July 10, 2015, at 12:00 noon.  Objections were due
July 6, 2015.

                        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 Debtor disclosed $272,205,337 in assets and $300,375,946 in
liabilities as of the Chapter 11 filing.

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.



BR ENTERPRISES: Denies Bid of Central Valley to Lift Stay
---------------------------------------------------------
A federal court overseeing BR Enterprises' Chapter 11 case denied a
request by Central Valley Community Bank to lift the automatic stay
that has prevented the bank from seizing a real property located in
Cottonwood, California.

In its ruling, the U.S. Bankruptcy Court for the Eastern District
of California said relief from stay is not appropriate under the
Bankruptcy Code.

According to the ruling, Central Valley has an "equity cushion" of
$317,794, which is sufficient to "adequately" protect the bank's
interest in the property until BR Enterprises gets court approval
of its bankruptcy plan.

The real property is worth $2.2 million and is encumbered by a
single mortgage in favor of Central Valley totaling approximately
$1,882,206, leaving $317,794 of equity in the property, court
filings show.

BR Enterprises earlier opposed the bank's request to lift the
injunction, saying there is "significant equity securing Central
Valley's position" and that the company can pay its debts since it
is operating at a profit.

                       About BR Enterprises

BR Enterprises, a California Partnership, owns 20.17 acres of
undeveloped ranch located at East of Interstate 5 and South of Lake
California Drive, 2600 acres of undeveloped ranch property located
in Cottonwood California in Tehama County; and 278 acres of
contiguous parcels along HWY I-5.  

The Company sought Chapter 11 protection (Bankr. E.D. Cal. Case No.
15-21575) on Feb. 27, 2015.  A related entity, Shasta Enterprises,
sought bankruptcy protection (Case No. 14-30833) on Oct. 31, 2014.

The Debtor disclosed $14,422,236 in assets and $6,961,492 in
liabilities as of the Chapter 11 filing.

Judge Michael S. McManus presides over the case.  George C.
Hollister, Esq., at Hollister Law Corporation, represents the
Debtor in its restructuring effort.

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


BUDD COMPANY: Has Exclusive Right to File Plan Until Sept. 30
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
extended The Budd Company, Inc.'s exclusive periods to file a
Chapter 11 pan until Sept. 30, 2015, and solicit acceptances for
that plan until Nov. 30, 2015.

                      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.



BUILDERS FIRSTSOURCE: Offering $750M Unsecured Notes Due 2023
-------------------------------------------------------------
Builders FirstSource, Inc., announced that it intends to offer, in
a private offering subject to market and other conditions, $750
million aggregate principal amount of senior unsecured notes due
2023.  The offering of the Notes is being made in connection with
the Company's agreement to acquire all of the issued and
outstanding equity interests of ProBuild Holdings, LLC, a Delaware
limited liability company, pursuant to a Securities Purchase
Agreement, dated as of April 13, 2015, between the Company,
ProBuild and the holders of securities of ProBuild named as parties
thereto.  This offering is conditioned on the consummation of the
ProBuild Acquisition.

Obligations under the Notes will initially be guaranteed by certain
of the Company's and ProBuild's subsidiaries.

The Company intends to use the net proceeds from this offering to
(i) pay a portion of the consideration for the ProBuild
Acquisition, (ii) repay certain of its and ProBuild's existing
indebtedness and (iii) pay a portion of the related transaction
fees and expenses.

                    About Builders FirstSource

Headquartered in Dallas, Texas, Builders FirstSource --
http://www.bldr.com/-- is a supplier and manufacturer of
structural and related building products for residential new
construction.  The Company operates 56 distribution centers and 56
manufacturing facilities in nine states, principally in the
southern and eastern United States. Manufacturing facilities
include plants that manufacture roof and floor trusses, wall
panels, stairs, aluminum and vinyl windows, custom millwork and
pre-hung doors.  Builders FirstSource also distributes windows,
interior and exterior doors, dimensional lumber and lumber sheet
goods, millwork and other building products.

Builders Firstsource reported net income of $18.2 million on $1.60
billion of sales for the year ended Dec. 31, 2014, compared to a
net loss of $42.7 million on $1.48 billion of sales in 2013.

As of March 31, 2015, the Company had $625 million in total assets,
$591 million in total liabilities, and $34 million in total
stockholders' equity.

                           *     *     *

As reported by the TCR on May 15, 2013, Standard & Poor's Ratings
Services Inc. said it raised its corporate credit rating on
Dallas-based Builders FirstSource to 'B' from 'CCC'.  "The upgrade
acknowledges U.S.-based building materials manufacturer and
distributor Builders FirstSource's 'strong' liquidity based on the
company's proposed recapitalization," said Standard & Poor's credit
analyst James Fielding.

In the May 13, 2014, edition of the TCR, Moody's Investors Service
upgraded Builders FirstSource's Corporate Family Rating to 'B3'
from 'Caa1'.  The upgrade reflects Moody's expectation that BLDR's
operating performance will continue to benefit from improved
housing construction, repair and remodeling.


CAL DIVE INT'L: Fee Examiner Wants to Hire OEB as Counsel
---------------------------------------------------------
David M. Klauder, the examiner for the bankruptcy estates of Cal
Dive International Inc. and its debtor-affiliates, ask the U.S.
Bankruptcy Court for the District of Delaware for permission to
employ O'Kelly Ernst & Bielli LLC as his counsel.

A hearing is set for July 24, 2015 at 10:00 a.m., to consider
approval of fee examiner's request.  Objections were due July 17.

The firm will provide to the fee examiner include, but shall not be
limited to:

a) review the fee and expense applications and related invoices for
compliance with:

     i. Sections 328, 329, 330 and 331 of the Bankruptcy Code;

    ii. Rule 2016 of the Bankruptcy Rules;

   iii. Local Rule 2016-2 of the Local Rules for the United States
Bankruptcy Court for the District of Delaware;

    iv. The United States Trustee Guidelines for Reviewing
Applications for Compensation & Reimbursement of Expenses filed
under Section 330; and

     v. The Order Appointing Fee Examiner and Establishing Related
Procedures for Compensation and Reimbursement of Expenses for
Professionals and Consideration of Fee Applications;

b) Assist the Fee Examiner in any hearings or other proceedings
before the Court to consider the Fee Applications including,
without limitation, advocating positions asserted in the reports
filed by the Fee Examiner and on behalf of the Fee Examiner;

c) Assist the Fee Examiner with legal issues raised by inquiries to
and from the Retained Professionals and any other professional
services provider retained by the Fee Examiner;

d) Where necessary, attend meetings between the Fee Examiner and
the Retained Professionals;

e) Assist the Fee Examiner with the preparation of preliminary and
final reports regarding professional fees and expenses;

f) Assist the Fee Examiner in developing protocols and making
reports and recommendations; and

g) Provide such other services as the Fee Examiner may request.

The firm's current hourly rates applicable to the principal
attorneys proposed to represent the Fee Examiner are:

   Ryan M. Ernst          $325
   Shannon J. Dougherty   $195
   Cory P. Stephenson     $170

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

The firm can be reached at:

   Ryan M. Ernst, Esquire
   Shannon J. Dougherty, Esquire
   Cory P. Stephenson, Esquire
   O'KELLY ERNST & BIELLI, LLC
   901 N. Market Street, Suite 1000
   Wilmington, DE 19801
   Tel: (302) 778-4000
   Fax: (302) 295-2873
   Email: rernst@oeblegal.com
          sdougherty@oeblegal.com
          cstephenson@oeblegal.com

                        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 INT'L: Taps Hilco as Exclusive Marketing & Sales Agent
---------------------------------------------------------------
Cal Dive International Inc. and its debtor-affiliates ask the Hon.
Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware for authority to employ Hilco Industrial LLC
as exclusive marketing and sales agent for certain equipment and
other personal property of the Debtors' located at 8200 Yacht Club
Rd. in Port Arthur, Texas, nunc pro tunc to June 8, 2015

A hearing is set for July 24, 2015 at 10:00 a.m. (EDT) to consider
approval of the Debtors' request.  Objections, if any, are due July
17, 2015 at 4:00 p.m. (EDT)

The firm has agreed to provide these services:

     a) develop an advertising and marketing plan for the sale of
the Assets;

     b) implement the advertising and marketing plan as deemed
necessary or appropriate by Hilco to maximize the net recovery on
the Assets;

     c) prepare for the sale of the Assets, including gathering
specifications and photographs for pictorial brochures and
arranging the Assets in a manner, which in Hilco's judgment would
be designed to enhance the net recovery on the assets;

     d) provide fully qualified and experienced personnel who will
prepare for and sell the Assets;

     e) provide a complete auction crew to handle computerized
accounting functions necessary to provide auction buyers with
invoices and the Debtors with a complete accounting of all Assets
sold at the auction

     f) sell the Assets for cash or other immediately available
funds to the highest bidder(s) on an "AS IS," "WHERE IS" and "all
sales are final" basis and in accordance with the terms of this
Agreement;

     g) charge and collect on behalf of the Debtors from all
purchasers any purchase price together with all applicable taxes in
connection therewith;

     h) deposit all collected gross proceeds into a separate client
trust account maintained by Hilco and remit such proceeds to the
Debtors by transferring them to the account within 15 days after
the sale of each Asset; and

     i) submit an initial sales report to the Debtors within
fourteen days after the sale of the Assets and a final complete
sales report to the Debtors within 14 days after the end of the
term of the marketing agreement.

To market and facilitate the sale of the Assets, Hilco plans to
subcontract with Dixon Marine Services, a consulting firm that
provides specialized marine and environmental science consulting
services.  Hilco plans to engage Dixon in order to benefit from the
firm's industry related expertise and connections to potential
buyers of the Assets, factors that I believe are critical to
maximizing the value realized for the Assets.  As part of Dixon's
engagement, Hilco will have access to Dixon's customer lists and
Dixon will facilitate the negotiation of potential sales with their
customers.

Under the Fee Structure, Hilco will be entitled to charge and
retain for its own account an industry-standard buyer's premium of
16% for any of the Assets that are sold.  The Buyer's Premium is a
fee charged in addition to the sale price and is paid by the buyer
of the Asset(s).  Hilco will pay Dixon 25% of any Buyer's Premium
it receives from the sale of the Assets, while the Debtors will be
entitled to receive a portion of the collected Buyers' Premiums in
accordance with the following schedule:

                            Portion to   Net to  
Gross Proceeds             Company      Hilco
--------------             ----------   ------
$0.00 to 2,000,000$        0%           16%
$2000,001 to $4,000,000    1%           15%
$4,000,001 to $6,000,000   2%           14%
$6,000,001 to $8,000,000   4%           12%
$8,000,001 to $10,000,000  7.5%         8.5%
$10,000,001 and over       2.5%         13.5%

In addition, Hilco is entitled to reimbursement by the Debtors for
all out-of-pocket expenses, in an amount not to exceed $77,900,
incurred by Hilco in connection with Hilco's performance of its
services.

Eric W. Kaup, general counsel and executive vice president of Hilco
Trading, LLC, the managing member of Hilco Industrial, LLC, assures
the Court that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

   Eric W. Kaup
   Hilco Industrial LLC
   5 Revere Dr Suite 206
   Northbrook, IL 60062
   Tel: 847-509-1100
   Email: ekaup@hilcoglobal.com

                        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 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.


COCO BEACH GOLF: Employs Charles A. Cuprill as Bankruptcy Counsel
-----------------------------------------------------------------
Coco Beach Golf & Country Club S.E. seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Charles
A. Cuprill, P.S.C., Law Offices, to represent the company on court
proceedings in its petition for reorganization.

The Debtor has retained Cuprill on the basis of a $30,000 retainer,
paid by Debtor's affiliate, Petroleum Emulsion Manufacturing Co.,
against which the law firm will bill on the basis of $350 per hour,
for work performed or to be performed by Charles A.
Cuprill-Hernandez, Esq.; $250 per hour for any associate, $150 per
hour for any junior associate, and $85 for paralegals.

Charles A. Cuprill-Hernandez, Esq., at Charles A. Cuprill, P.S.C.,
Law Offices, in San Juan, Puerto Rico, assures the Court that the
firm is a "disinterested entity" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

Mr. Cuprill discloses that except for having represented the
Debtor's affiliates in the case styled In re Scotiabank de Puerto
Rico v. Coco Beach Development Corporation, R-3 Development, LLC,
Coco Beach Holdings, Inc., in Case No. N3CI2012-00608, before the
Court of First Instance of Puerto Rico, Rio Grande Section, and the
rendering of advice thereto in reference to their settlement
negotiations with Scotiabank de Puerto Rico; Debtor's affiliates
Betteroads Asphalt, LLC, Betterecycling Corporation, Petroleum
Emulsion Manufacturing Corporation, as creditors in the case of
Alco Corporation, Case No. 12-00139(MCF); and Debtor's affiliates
Betteroads Asphalt, LLC and Betterecycling Corporation, as
creditors in the case of BTB Corporation, Case No. 15-03681(MCF),
Cuprill nor its members have any other prior connections with the
Debtor or any insider, any creditor, or other party in interest,
their respective attorneys and accountants, the United States
Trustee or any person employed in the office of the United States
Trustee.

Mr. Cuprill may be reached at:

         Charles A. Cuprill-Hernandez, Esq.
         CHARLES A. CUPRILL, P.S.C., LAW OFFICES
         356 Fortaleza Street, Second Floor
         San Juan, PR 00901
         Tel: (787) 977-0515
         Fax: (787) 977-0518
         Email: ccuprill@cuprill.com

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.


COCO BEACH GOLF: Hires Luis R. Carrasquillo as Fin'l Consultant
---------------------------------------------------------------
Coco Beach Golf & Country Club S.E. seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to appoint CPA
Luis R. Carrasquillo & Co., P.S.C., to assist its management in the
financial restructuring of its affairs by providing advice in
strategic planning and the preparation of the company's plan of
reorganization, disclosure statement and related documents, and
participating in the Debtor's negotiations with its creditors.

The duties of Carrasquillo will consist of strategic counseling and
advice, pro forma modeling preparation, financial assistance,
preparation of documentation as requested for and during the
company's Chapter 11, specifically as it is related to and has an
effect on Debtor, as well as recommendations and financial
assessments.

The Debtor has retained Carrasquillo on the basis of a $15,000
advance retainer, paid by the Debtor's affiliate, Petroleum
Emulsion Manufacturing Co.

The Debtor assures the Court that Carrasquillo and the members of
his accounting firm are "disinterested persons" as the term is
defined in Section 101(14) of the Bankruptcy Code and do not
represent any interest adverse to the Debtor and its estates.

The Debtor discloses that except that Carrasquillo has acted as
financial consultant in other bankruptcy cases in which Charles A.
Cuprill, PSC Law Offices, the Debtor's counsel, has or is
representing the debtor, and that Carrasquillo has provided
financial advice to the Debtor's affiliates in reference to the
case In re Scotiabank de Puerto Rico v. Coco Beach Development
Corporation, R-3 Development, LLC, Coco Beach Holdings, Inc., in
Case No. N3CI2012-00608, before the Court of First Instance of
Puerto Rico, Rio Grande Section; and the Debtor's affiliates
Betteroads Asphalt, LLC, Betterecycling Corporation, as creditors
in the case of Alco Corporation, Case No. 12-00139(MCF),
Carrasquillo has no other prior connections with the Debtor, its
officers, directors and insiders, any creditor, or other party in
interest, their respective attorneys and accountants, the United
States Trustee or any person employed in the office of the United
States Trustee.

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.


COLUMBIA HOSPITALITY: Case Summary & 11 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Columbia Hospitality Services, LLC
        1803 Sun Valley Dr., Ste C
        Jefferson City, MO 65109

Case No.: 15-20685

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 17, 2015

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

Judge: Hon. Dennis R. Dow

Debtor's Counsel: Gwendolyn Froeschner Hart, Esq.
                  SHURTLEFF, FROESCHNER & BUNN LLC
                  25 N. 9th St.
                  Columbia, MO 65201
                  Tel: 573-449-3874
                  Fax: 573-875-5055
                  Email: gwenf@tranquility.net

Total Assets: $2.9 million

Total Liabilities: $7.5 million

The petition was signed by George Pate, sole member.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mowb15-20685.pdf


CONSTELLATION BRANDS: S&P Assigns 'BB+' Rating on $1.27BB Loan
--------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB+' issue-level
and '3' recovery ratings to Victor, N.Y.-based Constellation Brands
Inc.'s new $1.27 billion term loan A facility maturing 2021 and new
$1.43 billion European term loan A facility borrowed by CIH
International S.A.R.L following the company's announced amendment
to its senior credit facility.  The amendment also includes an
increase of the existing revolving credit facility to $1.15 billion
from $850 million.  The issue-level rating on the revolving credit
facility remains 'BB+' with a recovery rating of '3'.  The '3'
recovery rating on the new credit facility and existing revolving
credit facility indicates S&P's expectation for meaningful (at the
higher end of the 50% to 70% range) recovery in the event of a
payment default.

The credit facilities are secured by pledges of the equity
interests in certain of the company's domestic subsidiaries and a
pledge of 65% of the voting stock of certain foreign subsidiaries.
S&P has not attributed any recovery value to the domestic stock
pledges because S&P believes the equity pledge, which represents a
residual claim, would not provide any additional credit support
above and beyond a guarantee.  Additionally, certain domestic
subsidiaries guarantee the credit facilities on an unsecured pari
passu basis with its senior unsecured notes.

The corporate credit rating on the company remains 'BB+' and the
rating outlook is stable.

Constellation Brands benefits from its sole distribution rights of
Corona and other leading Mexican beer in the U.S market, and from
its portfolio of well-known wine brands with good market shares.
The company's high capital expenditure requirements will somewhat
hamper its historically strong cash generation over the next two
years as it builds out beer manufacturing capacity.  S&P continues
to believe the company will slowly improve leverage beyond fiscal
2016 (ending February 2016), when capital expenditures materially
decline and cash flows strengthen.  S&P believes debt to EBITDA
will likely improve to just under 4x over the next two years and
funds from operations to debt will approach 20%, a moderate
improvement from about 4x and 16%, respectively, for the 12 months
ended May 28, 2015.

RATINGS LIST

Constellation Brands Inc.
Corporate Credit Rating          BB+/Stable/--

Ratings Assigned

Constellation Brands Inc.
Senior credit facility
  $1.27 bil. term ln A due 2021   BB+
   Recovery rating                3H
  $1.43 bil. European term ln A   BB+
   Recovery rating                3H



CORE ENTERTAINMENT: S&P Lowers Corporate Credit Rating to 'SD'
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it removed its ratings
on Beverley Hills, Calif.-based TV production studio CORE
Entertainment Inc. from the CreditWatch, where S&P had placed them
with negative implications on June 17, 2015.  At the same time, S&P
lowered its corporate credit rating on the company to 'SD'
(selective default) from 'CCC-'.  S&P also lowered its issue-level
rating on the company's $160 million 13.5% second-lien term loan
due 2018 to 'D' from 'C'.

The 'CCC-' issue-level rating on the company's $200 million senior
secured first-lien term debt due 2017 remains unchanged.

One June 11, 2015, CORE Entertainment failed to make the mandatory
interest payment on its $160 million second-lien 13.5% term loan.
The 30-day grace period for the missed interest payment expired on
July 14, 2015.  The company is still in active conversation with
the first- and second-lien lenders.

"We lowered our corporate rating on the company to 'SD' and our
issue-level rating on its second-lien loan to 'D, according to our
criteria," said Standard & Poor's credit analyst Naveen Sarma.


DIAMONDBACK ENERGY: Moody's Raises CFR to B1, Outlook Stable
------------------------------------------------------------
Moody's Investors Service upgraded Diamondback Energy, Inc.'s
Corporate Family Rating to B1 from B2, Probability of Default
Rating to B1-PD from B2-PDR, and senior unsecured notes rating to
B2 from B3.  Concurrently, Moody's affirmed the SGL-2 Speculative
Grade Liquidity Rating.  The rating outlook was changed to stable.

"The upgrade reflects Diamondback's good operational execution
since mid-2014 and our expectation of continued growth in
production, reserves and cash flows through 2016," commented Sajjad
Alam, Moody's AVP-Analyst.  "Lower drilling and completion costs,
leading cash margins relative to its peer group, and good liquidity
will help maintain a healthy drilling program even if oil prices
remain near $60 per barrel.  Diamondback plans to add two more rigs
in the second half of 2015 and possibly another 2-3 rigs in 2016 to
boost its production and reserves."

Issuer: Diamondback Energy, Inc.

Ratings Upgraded:

-- Corporate Family Rating, Upgraded to B1 from B2
-- Probability of Default Rating, Upgraded to B1-PD from B2-PD
-- Senior Unsecured Rating, Upgraded to B2/LGD5 from B3/LGD4

Ratings Affirmed:

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Change:

-- Outlook changed to Stable from Positive

RATINGS RATIONALE

Diamondback's B1 Corporate Family Rating reflects its Permian Basin
focused growing E&P business, oil-weighted production platform,
strong cash margins and significant alternative liquidity through
its ownership interest in Viper Energy Partners LP.  The rating is
also supported by the company's strong operating track record to
date, deep drilling inventory in the prolific Midland Basin
featuring stacked pay zones and predictable geology, and high
degree of operational control (about 95%).  The CFR is restrained
by the limited scale of Diamondback's upstream operations, its
narrow geographic focus and high level of capital spending that
will produce negative free cash flow through 2016 with an increased
drilling program.  Although Diamondback's production and reserves
are smaller than many B1 rated E&P companies today, Moody's
believes the high quality asset base and healthy capital structure
will help the company outperform most of its peers as oil prices
start to recover.

Diamondback should have good liquidity through 2016, which is
reflected in our SGL-2 Speculative Grade Liquidity Rating.  Pro
forma for the second quarter 2015 acquisition and equity issuance,
the company had roughly $266 million of available borrowing
capacity under its $500 million committed revolving credit facility
as of March 31, 2015.  Following the spring redetermination, the
borrowing base was set at $725 million and we expect the borrowing
base to increase in tandem with reserves. Therefore, future funding
gaps can be bridged with revolver drawings.  There should be
sufficient headroom under the financial covenants governing the
credit facility to provide continued access through 2016.
Diamondback's ownership interest in VEP and undeveloped Permian
Basin acreage could generate significant alternative liquidity.

Diamondback's unsecured notes are rated B2, one notch below the B1
CFR.  Given the significant size of the secured revolving credit
facility, our Loss Given Default Methodology indicates a B3 rating
for the unsecured notes.  However, Moody's believes a one notch
differential from the CFR is more appropriate based on the
significant value in VEP and Diamondback's undeveloped acreage. The
revolver has a first-lien claim to substantially all of
Diamondback's assets.  However, a significant increase in secured
debt relative to unsecured debt in the capital structure could push
the unsecured note rating two notches below the B1 CFR.

The stable outlook reflects Diamondbacks good liquidity and
controlled growth through 2016.  An upgrade could be considered if
Diamondback can sustain production above 40,000 boe per day while
maintaining the RCF/debt ratio above 40% and the debt to average
daily production ratio below $25,000 per boe.  A negative rating
action is unlikely in 2015.  Longer term, Moody's could downgrade
the CFR if the RCF/Debt ratio declines below 20% or the debt to
average daily production ratio could not be sustained below $35,000
per boe.

The principal methodology used in this rating was the Global
Independent Exploration and Production Industry Methodology
published in December 2011.  Other methodologies used include Loss
Given Default for Speculative-Grade Non-Financial Companies in the
U.S., Canada and EMEA published in June 2009.

Based in Midland, Texas, Diamondback Energy, Inc. is an oil and gas
exploration and production company with primary focus on the
Wolfberry play of the Permian Basin in West Texas.


DTS8 COFFEE: Vis Vires Reports 9.9% Stake as of July 17
-------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Vis Vires Group, Inc. disclosed that as of
July 17, 2015, they beneficially owned 3,395,767 shares of common
stock of DTS8 Coffee Company, Ltd. which represents 9.99% (based on
the total of 33,991,666 outstanding shares of Common Stock).  A
copy of the regulatory filing is available at http://is.gd/Tt1uYQ

                        About DTS8 Coffee

DTS8 Coffee Company, Ltd. (previously Berkeley Coffee & Tea, Inc.)
was incorporated in the State of Nevada on March 27, 2009.
Effective Jan. 22, 2013, the Company changed its name from
Berkeley Coffee & Tea, Inc., to DTS8 Coffee Company, Ltd.  On
April 30, 2012, the Company acquired 100 percent of the issued and
outstanding capital stock of DTS8 Holdings Co., Ltd., a
corporation organized and existing since June 2008 under the laws
of Hong Kong and which owns DTS8 Coffee (Shanghai) Co., Ltd.

DTS8 Holdings, through its subsidiary DTS8 Coffee, is a gourmet
coffee roasting company established in June 2008.  DTS8 Coffee's
office and roasting factory is located in Shanghai, China.  DTS8
Coffee is in the business of roasting, marketing and selling
gourmet roasted coffee to its customers in Shanghai, and other
parts of China.  It sells gourmet roasted coffee under the "DTS8
Coffee" label through distribution channels that reach consumers
at restaurants, multi-location coffee shops, and offices.

DTS8 Coffee incurred a net loss of $2.31 million on $310,003 of
sales for the year ended April 30, 2014, as compared with a net
loss of $1.11 million on $254,000 of sales during the prior year.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification in its report on the Company's financial statements
for the year ended April 30, 2014, citing that the Company has
suffered recurring losses from operations, which raises
substantial doubt about its ability to continue as a going
concern.


EAST COAST BROKERS: Curry Law's Bid to Withdraw Reference Denied
----------------------------------------------------------------
Judge Elizabeth A. Kovachevich of the United States District Court
for the Middle District of Florida, Tampa Division, denied a motion
to withdraw the reference to the bankruptcy court, declare as
non-core proceeding, and dismiss the adversary complaint GERARD A.
McHALE, as Chapter 11 Trustee of EAST COAST BROKERS & PACKERS,
Inc., Plaintiff, v. CURRY LAW GROUP, P.A. Defendant, CASE NO.
8:15-CV-824-T-EAK, ADV. PRO. 8:15-AP-215-KRM, (M.D. Fla.).

Gerard McHale, Jr., as trustee for East Coast Brokers & Packers,
Inc., filed an adversary action against Curry Law Group, P.A., for
avoidance of alleged fraudulent transfers under Section 544(b) of
the Bankruptcy Code and Florida Statutes sections 726.105 and
726.106, and for recovery of the avoided transfers under Section
550.  Curry Law requests that reference to the bankruptcy court be
withdrawn and that the adversary complaint be dismissed for failure
to state a claim.

Judge Kovachevich denied the Defendant's Motions without prejudice
to the Defendant refiling a similar motion once the case is ready
for trial.  According to Judge Kovachevich, Curry Law's judicial
economy and resources argument is unpersuasive because conducting
pretrial matters in the same court as the Debtor's estate "is a
much more efficient use of judicial resources, as opposed to ...
pitting the case against the competing criminal and civil
litigation demands of the district court's docket."  Further,
eventual de novo review does not extinguish the role of the
bankruptcy court, Judge Kovachevich said.

The bankruptcy case is In re EAST COAST BROKERS & PACKERS, INC., et
al., Debtors, Bankruptcy Case No. 8:13-BK-2894-KRM (Bankr. M.D.
Fla.).

A full-text copy of Judge Kovachevich's Order dated May 21, 2015,
is available at http://is.gd/J8fmBSfrom Leagle.com.

Louis Daniel Lazaro, Esq., at Curry Law Group, PA, serves as
counsel for Appellant Curry Law Group, P.A. serves as counsel for
Appellant Cury Law Group, P.A.

Ashley Dillman Bruce, Esq. -- adbruce@bergersingerman.com -- and
Brian G. Rich, Esq. -- brich@bergersingerman.com -- of Berger
Singerman, LLP, serve as counsel for Gerard A. McHale, Jr., as
Chapter 11 Trustee of East Coast Brokers & Packers, Inc.,
Appellee.

                    About East Coast Brokers

East Coast Brokers & Packers, Inc., along with related entities,
sought Chapter 11 protection (Bankr. M.D. Fla. Lead Case No.
13-02894) in Tampa, Florida, on March 6, 2013.  East Coast Brokers
& Packers disclosed $12,663,307 in assets and $75,181,975 in
liabilities as of the Chapter 11 filing.

The debtor-affiliates are Batista J. Madonia, Sr. and Evelyn M.
Madonia (Case No. 13-02895); Circle M Ranch, Inc., Case No.
13-02896); Ruskin Vegetable Corporation, Case No. 13-02897);
Oakwood Place, Inc. (Case No. 13-2898); Byrd Foods of Virginia,
Inc. (Case No. 13-03069); Eastern Shore Properties, Inc. (Case No.
13-03070); and Stellaro Bay, Inc. (Case No. 13-3071).

Scott A. Stichter, Esq., and Susan H. Sharp, Esq., at Stichter,
Riedel, Blain & Prosser, P.A., in Tampa, serve as counsel to the
Debtors.  Steven M. Berman, Esq., and Hugo S. deBeaubien, Esq., at
Shumaker, Loop, & Kendrick, LLP, in Tampa, are the Debtors'
special counsel.

In June 2013, the bankruptcy court approved the appointment of
Gerard A. McHale, Jr., to serve as Chapter 11 trustee.  MLIC Asset
Holdings LLC and MLIC CB Holdings LLC asked the Bankruptcy Court
to appoint a Chapter 11 trustee, or, in the alternative, dismiss
the Debtors' Chapter 11 cases.  According to the MLIC entities,
the Debtors, among other things had mishandled the potential rents
from employees, failed to pay taxes, failed to maintain insurance,
has inadequate security regarding the Debtors' personal and real
property, and delayed the filing of schedules and reports required
under the Bankruptcy Code.


EL PASO CHILDREN'S: Applies to Retain Miller as Investment Banker
-----------------------------------------------------------------
El Paso Children's Hospital has applied to the Bankruptcy Court to
retain Miller Buckfire & Co. as its investment banker.  Miller
Buckfire will work with the Board of Directors to evaluate and
implement value-maximizing strategic alternatives, which may
include the solicitation of interested parties for affiliation,
merger or acquisition as El Paso Children's Hospital seeks to
complete its chapter 11 restructuring process.

                      About Miller Buckfire

Miller Buckfire & Co. LLC -- http://www.millerbuckfire.com-- is an
investment banking firm.  Miller Buckfire provides a full range of
investment banking advisory services, including financial
restructuring, mergers and acquisitions, and debt and equity
placements.  Miller Buckfire is an indirect, wholly-owned
subsidiary of Stifel Financial Corp., which is a publicly-traded,
financial holding company listed on the New York Stock Exchange
(ticker symbol: SF), headquartered in St. Louis.

                 About El Paso Children's Hospital

El Paso Children's Hospital Corporation operates the El Paso
Children's Hospital, the only not-for-profit children's hospital in
the El Paso region.  The hospital opened its doors in February
2012, features 122 private pediatric rooms, and is located at the
campus of El Paso County Hospital District dba  University Medical
Center of El Paso.

The Company sought Chapter 11 protection (Bankr. W.D. Tex. Case No.
15-30784) on May 19, 2015.  The case is assigned to Judge H.
Christopher Mott, following disputes with UMC.  The Debtor tapped
Jackson Walker LLP as counsel.


EXCELITAS TECHNOLOGIES: S&P Lowers CCR to 'B-', Outlook Stable
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Excelitas Technologies Corp. to 'B-' from 'B'.  The
rating outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's nearly $700 million senior secured credit facility to
'B-' from 'B'.  The '3' recovery rating on the debt remains
unchanged, indicating S&P's expectation for a meaningful (lower
half of the 50%-70% range) recovery in a default scenario.

"The downgrade reflects our expectation that the company's credit
measures will remain weak for the next 12 to 18 months," said
Standard & Poor's credit analyst Jaissy Lorenzo.

Since the acquisition of Qioptiq S.a.r.l. in the fall of 2013,
leverage has remained above 6.5x.  The company faces headwinds in
its land equipment and avionics and space businesses, and from
volatile foreign exchange movements.  S&P assumes that the company
begins to realize more benefits from cost-cutting and integration
efforts in 2016.

Excelitas operates in the niche custom-designed photonic components
and subsystems industry.  Most of the company's end markets are
highly fragmented and the company is exposed to somewhat high
customer concentration.  These factors are partly offset by the
industry's high barriers to entry and the company's good end-market
and geographic diversity.  While the company has leading market
positions in its niche, technological changes remain a risk factor.


The stable outlook on Excelitas reflects S&P's expectation that
leverage will remain above 6.5x while it maintains adequate
liquidity over the next 12 to 18 months.

S&P could upgrade the rating if stronger-than-expected growth in
the company's end-markets, successful execution of integration and
cost-saving initiatives, and debt reduction result in adjusted
total debt to EBITDA of 6.5x or less on a sustained basis.

S&P could lower the ratings if the company is unable to realize
cost savings or free cash flow is negative to an extent that a
covenant breach is likely.  S&P could also lower the rating if
additional debt were to meaningfully weaken its credit measures
with no near-term prospects for improvement.


FREEDOM INDUSTRIES: Has Settlement with Chemstream, et al.
----------------------------------------------------------
Freedom Industries, Inc., asks the U.S. Bankruptcy Court for the
Southern District of West Virginia to approve a settlement with
the West Virginia Department of Environmental Protection,
Chemstream Holdings, Inc., and other entities in relation to the
chemical spill in West Virginia.

The proposed Settlement Agreement provides a mechanism to assure
adequate funding to complete remediation of the Etowah River
Terminal site, while also representing a critical step toward the
Debtor's effort to confirm a plan of liquidation case and enhancing
the recoveries of creditors.

Stephen L. Thompson, Esq., at Barth & Thompson, in Charleston, West
Virginia, should the Settlement Agreement be approved, Freedom will
provide a broad release to the Chemstream family of companies in
exchange for: (a) Chemstream's contribution of $1,100,000 in cash,
$250,000 of which will be available upon entry into the Settlement
Agreement; (b) Chemstream's assignment of its right, title and
interest in and to the approximately $2,720,000 in remaining Escrow
Funds; (c) Chemstream's release of and (d) an agreement with the
WVDEP regarding a mechanism, procedure and funding amount for
completing remediation and obtaining a certificate of completion
for the Etowah River Terminal site.

The Debtor is represented by:

         Stephen L. Thompson, Esq.
         J. Nicholas Barth, Esq.
         BARTH & THOMPSON
         P.O. Box 129
         Charleston, WV 25321
         Tel: (304) 342-7111
         Fax: (304) 342-6215
         Email: sthompson@barth-thompson
                nbarth@barth-thompson.com

            -- and --

         Mark E. Freedlander, Esq.
         MCGUIREWOODS LLP
         625 Liberty Avenue, 23rd Floor
         Pittsburgh, PA 15222
         Tel: (412) 667-6000
         Fax: (412) 667-6050
         Email: mfreedlander@mcguirewoods.com


                      About Freedom Industries

Freedom Industries Inc. is engaged principally in the business of
producing specialty chemicals for the mining, steel and cement
industries.  The Debtor operates two production facilities located
in (a) Nitro, West Virginia; and (b) Charleston, West Virginia.

The company, connected to a chemical spill that tainted the water
supply in West Virginia, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. W.Va. Case No. 14-bk-20017) on
Jan. 17, 2014.  The case is assigned to Judge Ronald G. Pearson.
The petition was signed by Gary Southern, president.

The Debtor is represented by Mark E Freedlander, Esq., at McGuire
Woods LLP, in Pittsburgh, Pennsylvania; and Stephen L. Thompson,
Esq., at Barth & Thompson, in Charleston, West Virginia.

On Dec. 31, 2013, four companies merged under the umbrella of
Freedom Industries: Freedom Industries Inc., Etowah River Terminal
LLC, Poca Blending LLC and Crete Technologies LLC.

As reported in the Troubled Company Reporter on Feb. 20, 2014,
Kate White, writing for The Charleston Gazette, reported that the
Debtor disclosed $16 million in assets and $6 million in
liabilities when it filed for bankruptcy.

On Feb. 5, 2014, the U.S. Trustee appointed an official committee
of unsecured creditors.  The Committee retained Frost Brown Todd
LLC as counsel.

On March 18, 2014, the Bankruptcy Court approved the hiring of
Mark Welch at MorrisAnderson in Chicago as Freedom's chief
restructuring officer.

                            *     *     *

U.S. Bankruptcy Judge Ronald Pearson on May 13, 2015, entered an
order denying Freedom Industries Inc.'s bid to move forward with
its Plan of Liquidation dated April 30, 2015.

The judge sustained the objection of the West Virginia Department
of Environmental Protection ("WVDEP"), which strongly took issue
with the Plan's treatment of environmental remediation and argued
that the Plan did not provide for adequate funding in that regard.

The Plan is a result of negotiations with: (a) the Official
Committee of Unsecured Creditors which is comprised of trade
creditors, spill claim creditors and the West Virginia-American
Water Company ("WVAWC"), (b) counsel to certain class action
claimants, including those representing parties in what is
referred to in the Plan as the Bar 101 Case and the Good Case, (c)
the current equity owner of the Debtor and affiliated parties, (d)
Gary Southern and affiliated parties, (e) Dennis Farrell, William
Tis and Charles Herzing and their respective affiliated parties,
who collectively are the former owners and board members of
Freedom.   However, absent from the list of parties coming to
affirmative agreement under the Plan was the WVDEP.


GEORGETOWN MOBILE: Hires Enderle and Company as Accountant
----------------------------------------------------------
Georgetown Mobile Estates, LLC seeks authorization from the U.S.
Bankruptcy Court for the Eastern District of Kentucky to employ
Mark Enderle of Enderle and Company, PLLC as certified public
accountant to the Debtor.

Enderle and Company will render financial consulting services
relating to accounting and tax preparation and filing for the
Debtor in this case and various tax issues that arise in connection
with this case.

Enderle and Company will seek compensation based of a flat $800 per
month, expenses included for all months after its appointment until
services are terminated.

Mr. Enderle 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.

Enderle and Company can be reached at:

       Mark Enderle
       ENDERLE & COMPANY, PLLC
       190 Market Street, Suite 1
       Lexington, KY 40507
       Tel: (859) 254-4427

                  About Georgetown Mobile Estates

Georgetown Mobile Estates, LLC, is a Kentucky corporation with
headquarters in Georgetown, Scott County, Kentucky.  Originally
incorporated on Jan. 23, 2006, the Company operates a mobile home
park in three areas on the county line of Scott and Fayette,
Kentucky.  The park can take up to 504 customers and, historically,
had an occupancy rate of 92%.

Georgetown Mobile Estates filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Ky. Case No. 15-50945) in Lexington, Kentucky, on May
11, 2015, to take back control of the mobile home park from a
receiver.  Daniel E. Sexton, the present owner, signed the
petition.

The bankruptcy case is assigned to Judge Tracey N. Wise.  The
Debtor estimated $10 million to $50 million in assets and debt.

The Debtor tapped Bunch & Brock of Lexington, Kentucky, as counsel;
Randy Reynolds of Magnum Capital Consultants, LLC, as financial
advisor; Bradford Burgess of The Thayer Group as financial advisor;
and Glen Dellavalle of Dellavalle Management Group as manager of
business operations.

The U.S. trustee overseeing the Chapter 11 case of Georgetown
Mobile Estates LLC appointed three creditors of the company to
serve on the official committee of unsecured creditors.


GEORGETOWN MOBILE: U.S. Bank Asks Court to Dismiss Ch. 11 Case
--------------------------------------------------------------
U.S. Bank National Association, as Trustee, in Trust for the
holders of COMM 2013-CCRE8 Mortgage Trust Commercial Mortgage
Pass-Through Certificates, asks the U.S. Bankruptcy Court for the
Eastern District of Kentucky, Lexington Division, to dismiss the
Chapter 11 cases of Georgetown Mobile Estates, LLC, as the
bankruptcy filing was not authorized.  

According to Brian R. Pollock, Esq., at Stites & Harbison, Pllc, in
Louisville, Kentucky, the bankruptcy case that was filed without
the unanimous consent of its members, Georgetown East and Star
Lite, required by the Georgetown Mobile Estates, LLC's operating
agreement.  Furthermore, the instant bankruptcy filing is not in
the interests of creditors and  only increases costs without
increasing their likelihood of repayment, Mr. Pollock adds.

U.S. Bank is represented by:

          Brian H. Meldrum, Esq.
          Ian T. Ramsey, Esq.
          Brian R. Pollock, Esq.
          STITES & HARBISON, PLLC
          400 West Market Street, Suite 1800
          Louisville, KY 40202
          Tel: (502) 587-3400
          Email: bmeldrum@stites.com
                 iramsey@stites.com
                 bpollock@stites.com

             -- and --

          Gregory A. Cross, Esq.
          Catherine G. Allen, Esq.
          VENABLE LLP
          750 E. Pratt Street, Suite 900
          Baltimore, MD 21202
          Tel: (410) 244-7400
          Fax: (410) 244-7742
          Email: gacross@venable.com
                 cgallen@venable.com

                 About Georgetown Mobile Estates

Georgetown Mobile Estates, LLC, is a Kentucky corporation with
headquarters in Georgetown, Scott County, Kentucky.  Originally
incorporated on Jan. 23, 2006, the Company operates a mobile home
park in three areas on the county line of Scott and Fayette,
Kentucky.  The park can take up to 504 customers and, historically,
had an occupancy rate of 92%.

Georgetown Mobile Estates filed a Chapter 11 bankruptcy petition
(Bankr. E.D. Ky. Case No. 15-50945) in Lexington, Kentucky, on May
11, 2015, to take back control of the mobile home park from a
receiver.  Daniel E. Sexton, the present owner, signed the
petition.

The bankruptcy case is assigned to Judge Tracey N. Wise.  The
Debtor estimated $10 million to $50 million in assets and debt.

The Debtor tapped Bunch & Brock of Lexington, Kentucky, as counsel;
Randy Reynolds of Magnum Capital Consultants, LLC, as financial
advisor; Bradford Burgess of The Thayer Group as financial advisor;
and Glen Dellavalle of Dellavalle Management Group as manager of
business operations.

The U.S. trustee overseeing the Chapter 11 case of Georgetown
Mobile Estates LLC appointed three creditors of the company to
serve on the official committee of unsecured creditors.


GFI GROUP: Moody's Raises Issuer & Sr. Unsec. Debt Rating to Ba3
----------------------------------------------------------------
Moody's Investors Service announced that it is upgrading GFI Group
Inc.'s long-term issuer and senior unsecured debt ratings to Ba3
from B1.  The outlook is positive.

The rating actions conclude the review for upgrade initiated on May
13, 2015.

RATINGS RATIONALE

The upgrade to Ba3 reflects Moody's view that GFI as part of BGC
Partners, Inc. (unrated) will benefit from larger scale and a more
diversified revenue mix in a highly competitive industry.  Further,
GFI's cost structure has shown improvement related to successful
renegotiation of broker compensation.  Additionally, management is
targeting $90 million in synergies across both entities, as it
leverages technology and optimizes personnel.  The positive outlook
reflects the potential that successful integration of GFI with BGC
will lead to an improvement in GFI's financial metrics.

Additionally, BGC's recent provision of a guarantee on GFI's
outstanding $240 million 2018 senior note enabled Moody's to
analyze the combined group holistically and attribute more direct
support from its parent.  BGC previously issued a note receivable
that matures one month prior to the maturity of GFI's outstanding
debt, providing GFI the cash to pay it back upon maturity.  This
also doubled GFI's equity base to $500 million.

What Could Change the Rating -- UP

   -- Successful integration with BGC, resulting in improved
      profitability and financial metrics as synergies are
      achieved, while maintaining a strong competitive position

What Could Change the Rating -- DOWN

   -- Aggressive financial policy by GFI or BGC with respect to
      owner distributions, which could significantly reduce GFI's
      capital base

   -- Significant increase in GFI or BGC's debt to fund
      acquisitions, absent a coherent near-term deleveraging
      strategy

The principal methodology used in these ratings was Global
Securities Industry Methodology published in May 2013.

GFI is the world's fifth-largest inter-dealer broker, with
operations in the Americas, Europe, the Middle East, Africa, and
Asia Pacific, focusing on fixed income, currencies, commodities and
some equity products.  Its subsidiaries provide brokerage,
clearing, technology, and market data services to institutional
clients.  In March 2015, BGC completed its acquisition of GFI,
after paying $6.10 per GFI share in an all cash transaction.  GFI
operates as a separately branded division of BGC.


GT AUTOMATION: Approval of Lawyer Fees Upheld
---------------------------------------------
District Judge Theresa L. Springmann affirmed the Bankruptcy
Court's decision approving attorney's fees for services rendered in
an adversary proceeding brought by the Trustee of the bankruptcy
estate in the case captioned ARLINGTON CAPITAL LLC, Appellant, v.
BAINTON McCARTHY LLC and SMITH, GAMBRELL & RUSSELL, LLP, Appellees,
CAUSE NO. 1:14-CV-98-TLS (N.D. Ind., Fort Wayne Div.).

The Trustee employed Bainton McCarthy as special litigation
counsel, and later, Smith, Gambrell & Russell ("SGR") as substitute
special litigation counsel in the adversary proceeding that the
Trustee filed seeking recovery under 11 U.S.C. Section 363(n). The
Trustee claimed that Arlington Capital LLC ("Arlington") and
insiders of the debtor GT Automation Inc. entered into an agreement
among potential bidders at the debtor's bankruptcy auction to
control the sale price of the debtor's assets.

On May 17, 2013 Bainton McCarthy filed a fee application seeking of
$458,037.50 in fees and $27,297.37 in disbursements for its special
litigation counsel services for the Trustee. On the same day, SGR
filed a fee application seeking approval of $399,677.50 in fees and
$21,475.67 in disbursements for its substitute special litigation
counsel services for the Trustee.

Arlington objected, contending that attorney's fees are improper
because the services rendered by Bainton McCarthy and SGR were not
reasonably likely to benefit the debtor's estate. The bankruptcy
court rejected Arlington's claim and found that the debtor's estate
would have been entitled to damages arising from the Trustee's
Section 363(n) claim and granted the fee applications.

On appeal, Judge Springmann was persuaded that any recovery from
the Trustee's Section 363(n) claim is "after acquired property"
within the meaning of Section 552(a), rather than proceeds of
pre-petition collateral under Section 552(b)(1). She held that
because the bankruptcy estate would have been entitled to recover
Section 363(n) damages, the bankruptcy court did not abuse its
discretion by determining that attorney's fees are appropriate
under 11 U.S.C. Section 330.

A copy of the June 26, 2015 opinion and order is available at
http://is.gd/YaQlzafrom Leagle.com.

Arlington Capital LLC, Creditor, Appellant, represented by Larry L
Barnard, Carson Boxberger LLP & Robert L Nicholson, Carson
Boxberger LLP.

Bainton McCarthy LLP, Counsel for Trustee, Appellee, represented by
J Joseph Bainton -- bainton@baintonlynch.com -- Bainton McCarthy
LLC & John G McCarthy -- jmccarthy@sgrlaw.com -- Smith Gambrell &
Russell.

Smith Gambrell & Russell LLP, Counsel for Trustee, Appellee,
represented by John G McCarthy, Smith Gambrell & Russell.

GT Automation Inc. filed a Chapter 11 bankruptcy petition on
October 9, 2001.  GTA Acquisition LLC -- an entity created by
Arlington Capital LLC, for the purpose of acquiring the Debtor's
assets -- submitted a bid of $2,725,000, which was the highest bid.
On April 8, 2003, the bankruptcy court approved the sale of the
Debtor's assets to GTA.


HEALTH NET: A.M. Best Puts 'bb' Issuer Credit Debt Rating on Review
-------------------------------------------------------------------
A.M. Best Co. has placed under review with developing implications
the financial strength rating of B++ (Good) and the issuer credit
ratings (ICR) of "bbb" of Health Net of California, Inc., Health
Net Life Insurance Company, Health Net Health Plan of Oregon, Inc.
and Health Net of Arizona, Inc.  A.M. Best also has placed under
review with developing implications the ICR of "bb" and the debt
rating of "bb" on the $400 million 6.375% senior unsecured notes
due 2017 of the parent company, Health Net, Inc. (Health Net)
(Woodland Hills, CA) (NYSE: HNT).

The rating action follows the announcement that Health Net has
recently entered into a definitive agreement under which the
organization would be purchased by Centene Corporation (Centene)
(NYSE: CNC).

The acquisition of Health Net by Centene would create a leading
diversified multi-national health care organization with more than
ten million members throughout the United States.  The combined
organization will have a strong presence in the California Medicaid
program and will be one of the largest Medicaid managed
organizations in the country.  This transaction will provide growth
opportunities in government programs including TRICARE, the U.S.
Department of Veterans Affairs and in various exchange populations.
Additionally, the new company has the potential for significant
cost synergies through integration of a range of specialty services
and leveraging capabilities in information technology systems and
process management.

Centene will acquire all of the shares of Health Net in a cash and
stock transaction valued at $6.8 billion, including the assumption
of approximately $500 million of debt.  Pro forma financial
leverage is expected to be approximately 40%, and goodwill is
anticipated to increase considerably.  The acquisition will be
subject to shareholder approval and regulatory approval in multiple
jurisdictions, which is expected to close in early 2016.

The under review status reflects A.M. Best's concern regarding the
execution and integration risk related to the transaction as well
as the capitalization of the entities post-close.  A.M. Best will
hold discussions with the senior management team and conduct
further analysis to determine the final rating opinion.


HOSTESS HOLDCO: Moody's Assigns 'B2' Corp. Family Rating
--------------------------------------------------------
Moody's Investors Service Inc. assigned a B2 Corporate Family
Rating and B2-PD Probability of Default Rating to Hostess Holdco,
LLC.  Moody's also assigned a B1 rating to Hostess' proposed $100
million first lien revolving credit facility and proposed $825
million first lien term loan.  Moody's assigned a Caa1 rating to
Hostess' proposed $400 million second lien term loan.  Proceeds
from these facilities will be used to fund a $905 million
distribution to shareholders and refinance $344 million of existing
debt.  The ratings outlook is stable.

Moody's assigned these ratings to Hostess Holdco, LLC:

   -- Corporate Family Rating at B2

   -- Probability of default rating at B2-PD

   -- $100 million first lien revolving credit facility expiring
      2020 at B1 (LGD 3)

   -- $825 million first lien term loan maturing 2022 at B1
      (LGD 3)

   -- $400 million second lien term loan maturing 2023 at Caa1
      (LGD 5)

The rating outlook is stable.

RATINGS RATIONALE

Hostess' B2 CFR reflects high financial leverage resulting from a
large debt-financed shareholder distribution and Moody's
expectation that financial policies of the sponsor-owned company
will likely remain aggressive, especially in terms of financial
leverage.  Also reflected in the rating is the company's limited
operating track record, concentrated plant operations, and
relatively small scale.  These negative credit factors are balanced
against the financial success of the company's relaunch and of
several core well-known brands through direct-to-warehouse
distribution, high profit margins, good future growth prospects,
and good liquidity.

Hostess manufactures and sells sweet baked goods in the United
States.  The company was formed in February 2013 by an investment
group led by Dean Metropoulos and Apollo Global Management through
the acquisition of assets and brands of predecessor company Hostess
Brands, Inc., which ceased manufacturing operations in November
2012 after filing for bankruptcy.  The company acquired, among
other things, bakeries, parcels of real estate, equipment,
trademarks, and recipes for approximately $409 million.  Recipes
and know-how for products acquired included iconic products such as
Twinkies, Ding Dongs, Zingers, Ho-Hos, and Donettes.  Hostess' cost
profile is significantly lower and its operating flexibility much
greater than its predecessor company, which was encumbered by
strict labor union restrictions, heavy pension obligations,
overcapacity, and high distribution expenses associated with a
direct store delivery system.  Hostess began operating in July 2013
through a newly established direct to warehouse distribution system
and sales have since grown to $577 million for the twelve months
ended March 31, 2015.  The company currently operates three bakery
facilities with products sold across the United States.

The $100 million first lien revolving credit facility and $825
million first lien term loan are rated B1 (LGD 3), one notch above
the CFR, reflecting the significant amount of lower priority
obligations that will be in the capital structure.  These
obligations will be guaranteed by wholly owned domestic
subsidiaries, and by direct and indirect holding companies, HG
Holdings, LLC and Hostess Holdco, LLC (the reporting entity).  The
revolver and term loan will be secured by a first priority security
interest in substantially all the assets of the borrower and
subsidiary guarantors.  The $400 million second lien term loan is
rated Caa1 (LGD 5), two notches below the CFR reflecting its junior
position in the capital structure.  It will be guaranteed by the
same entities as the first lien debt and be secured by a second
priority interest in the same assets as the first lien debt.

The stable rating outlook reflects Moody's expectation that Hostess
will be able to profitably expand its operations, which should fuel
a steady pace of leverage reduction over the next twelve to
eighteen months.  The outlook also reflects Moody's belief that
financial leverage will likely remain high.

The ratings could be downgraded if Hostess experiences a meaningful
decline in earnings performance, liquidity deteriorates, or if debt
to EBITDA is sustained above 6.0 times.

The rating could be upgraded if Hostess continues to successfully
manage growth, maintains stable operating performance, and sustains
debt to EBITDA below 5.0 times while maintaining good liquidity.

Headquartered in Kansas City, MO, Hostess develops, manufactures,
markets, and sells fresh baked sweet goods in the United States
including snack cakes, donuts, sweet rolls, pies and related
products.  Well known products include Twinkies, Ding Dongs,
Zingers, HoHo's, and Donettes.  Revenue was $577 million for the
twelve months ended March 31, 2015.  Hostess is owned 50% by Apollo
Global Management and 50% by Metropoulos & Co.

The principal methodology used in these ratings was Global Packaged
Goods published in June 2013.  Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies in
the U.S., Canada and EMEA published in June 2009.


I.E.C. RENTALS: Asks Court to Extend Exclusive Periods
------------------------------------------------------
I.E.C. Rentals, Inc., asks the U.S. Bankruptcy Court for Middle
District of Florida, Fort Myers Division, to extend its exclusive
period to file a plan and disclosure statement, and exclusive
period to obtain acceptances of the plan.

The Debtor asks that the Court enter an order extending the time
for the Debtor to file a plan and disclosure statement, and obtain
acceptances of the plan, to 90 days and 180 days respectively, from
the entry of the order granting the same.

The original deadline for I.E.C. R Rentals, Inc. to file a chapter
11 plan and disclosure statement was set at July 10, 2015.

On or about March 23, 2015, the Debtor's partner in the
Partnership, Ivy Jean Nebus, filed a Motion for Relief from Stay to
expel the Debtor from the Partnership.

The Partnership is the Debtor's main asset and is its main source
of income.  The Debtor's dispute with Nebus was a precipitating
factor in the Debtor seeking Chapter 11 relief, and it  believes it
is owed substantial sums from Nebus in Partnership distributions
improperly withheld, redistributed, or still owing.

The Debtor appeals the extension of the Exclusive Periods, so it
may continue to work toward a resolution with Nebus, which will
substantially impact the terms of the Debtor's plan of
reorganization.

The Debtor is represented by:

         Joe M. Grant, Esq.
         Adam D. Marshall, Esq.
         Stephen J. Leary, Esq.
         MARSHALL SOCARRAS GRANT, P.L.
         197 South Federal Highway, Suite 300
         Boca Raton, FL 33432
         Tel: (561) 361-1000
         Fax: (561) 672-7581
         Email: jgrant@msglaw.com
                amarshall@msglaw.com
                sleary@msglaw.com

                     About I.E.C. Rentals

Naples, Florida-based I.E.C. Rentals, Inc., sought Chapter 11
protection (Bankr. M.D. Fla. Case No. 15-02491) in Ft. Myers,
Florida, on March 12, 2015, without stating a reason.

According to the docket, the Chapter 11 plan and disclosure
statement are due by July 10, 2015.

Robert E. Cadenhead signed the petition as director.  The Debtor
is represented by Joey M Grant, Esq., at Marshall Socarras Grant,
in Boca Raton, Florida, as counsel.


I.E.C. RENTALS: Court Okays Hiring of HBK as Forensic Accountant
----------------------------------------------------------------
I.E.C. Rentals, Inc. sought and obtained permission from the Hon.
Caryl E. Delano of the U.S. Bankruptcy Court for the Middle
District of Florida to employ HbK Valuation Group LLC as forensic
accountant.

The Court authorized the Debtor to employ HbK Valuation with
compensation be paid in amounts allowed by the Court upon proper
application.

Edee M. Adams, director of litigation services for HbK Valuation,
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.

Ivy Jean Nebus, a creditor and shareholder of the Debtor, filed an
objection to HbK Valuation's employment.

Ms. Nebus objection stated that the application fails to disclose
what services the Debtor seeks from HbK and what the proposed work
plan or budget would be for such services from an accountant.

HbK Valuation can be reached at:

       Edee M. Adams
       HBK VALUATION GROUP LLC
       8010 Summerlin Lakes Drive
       Fort Myers, FL 33907
       Tel: (239) 263-2111
       E-mail: eadams@hbkcpa.com

Ms. Nebus is represented by:

       Robert A. Cooper, Esq.
       HAHN LOESER & PARKS LLP
       2400 First Street, Suite 300
       Fort Myers, FL 33901
       Tel: (239) 337-6700
       Fax: (239) 337-6701
       E-mail: racooper@hahnlaw.com

                       About I.E.C. Rentals

Naples, Florida-based I.E.C. Rentals, Inc., sought Chapter 11
protection (Bankr. M.D. Fla. Case No. 15-02491) in Ft. Myers,
Florida, on March 12, 2015, without stating a reason.

According to the docket, the Chapter 11 plan and disclosure
statement are due by July 10, 2015.

Robert E. Cadenhead signed the petition as director.  The Debtor
is represented by Joey M Grant, Esq., at Marshall Socarras Grant,
in Boca Raton, Florida, as counsel.


ITUS CORP: Amit Kumar Reports 8% Equity Stake as of June 15
-----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Amit Kumar disclosed that as of June 15, 2015, he
beneficially owned 751,910 shares of common stock of ITUS
Corporation which represents 8.02 percent of the shares
outstanding.

The Reporting Person is vice chairman of the Company and is the
chairman and chief executive officer of Anixa Diagnostics
Corporation, a wholly-owned subsidiary of the Company.

On June 15, 2015, the Reporting Person purchased, in an open market
transaction with personal funds, 4,000 shares of Common Stock.  The
purchase of these shares, aggregated with the Reporting Person's
purchase of additional shares of Common Stock and the vesting of
certain previously granted options caused the Reporting Person's
beneficial ownership to materially increase from the Reporting
Person's ownership as of the date of filing of the original
Schedule 13D.  During the period from June 1, 2015, through July 6,
2015, the Reporting Person purchased 29,300 shares of Common Stock
in open market transactions using personal funds.

A copy of the regulatory filing is available at:

                        http://is.gd/Pgtt9H

                      About ITUS Corporation

ITUS Corp. -- http://www.ITUScorp.com/-- develops and acquires
patented technologies for the purposes of patent monetization and
patent assertion.  The company currently has 10 patent portfolios
in the areas of Key Based Web Conferencing Encryption, Encrypted
Cellular Communications, E-Paper(R) Electrophoretic Display, Nano
Field Emission Display ("nFED"), Micro Electro Mechanical Systems
Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window
Frame Construction, VPN Multicast Communications, Internet
Telephonic Gateway, and Enhanced Auction Technologies.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corporation reported a net loss of $9.60 million on $3.66
million of total revenue for the year ended Oct. 31, 2014, compared
to a net loss of $10.08 million on $389,000 of total revenue for
the year ended Oct. 31, 2013.  The Company also reported a net loss
of $4.25 million for the year ended Oct. 31, 2012, and a net loss
of $7.37 million for the year ended Oct. 31, 2011.

As of April 30, 2015, the Company had $11.1 million in total
assets, $4.14 million in total liabilities and $6.99 million in
total shareholders' equity.


ITUS CORP: Robert Berman Reports 7.4% Stake as of June 30
---------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Robert A. Berman disclosed that as of June 30, 2015, he
beneficially owned 692,394 shares of common stock of
ITUS Corporation, which represents 7.39 percent of the shares
outstanding.  

The Reporting Person was granted options for no consideration.
Certain of these options vested or will vest within 60 days causing
the Reporting Person's beneficial ownership to materially increase
from the Reporting Person's beneficial ownership as of the date of
filing of the original Schedule 13D.  In addition to the vesting of
these options, the Reporting Person purchased, using personal
funds, 15,412 shares of Common Stock in open market transactions
beginning on June 1, 2015, through July 10, 2015.  

A copy of the regulatory filing is available at:

                        http://is.gd/mBoprG

                       About ITUS Corporation

ITUS Corp. -- http://www.ITUScorp.com/-- develops and acquires
patented technologies for the purposes of patent monetization and
patent assertion.  The company currently has 10 patent portfolios
in the areas of Key Based Web Conferencing Encryption, Encrypted
Cellular Communications, E-Paper(R) Electrophoretic Display, Nano
Field Emission Display ("nFED"), Micro Electro Mechanical Systems
Display ("MEMS"), Loyalty Conversion Systems, J-Channel Window
Frame Construction, VPN Multicast Communications, Internet
Telephonic Gateway, and Enhanced Auction Technologies.

CopyTele changed its name to "ITUS Corporation" on Sept. 2, 2014,
to reflect the Company's change in its business operations.

ITUS Corporation reported a net loss of $9.60 million on $3.66
million of total revenue for the year ended Oct. 31, 2014, compared
to a net loss of $10.08 million on $389,000 of total revenue for
the year ended Oct. 31, 2013.  The Company also reported a net loss
of $4.25 million for the year ended Oct. 31, 2012, and a net loss
of $7.37 million for the year ended Oct. 31, 2011.

As of April 30, 2015, the Company had $11.1 million in total
assets, $4.14 million in total liabilities and $6.99 million in
total shareholders' equity.


KEMPER CORP: A.M. Best Affirms 'bb' Preferred Stock Rating
----------------------------------------------------------

A.M. Best Co. has affirmed the financial strength rating (FSR) of
A- (Excellent) and the issuer credit ratings (ICR) of "a-" of the
property/casualty subsidiaries and affiliated insurance companies
(collectively referred to as Kemper Property & Casualty Group)
(Kemper P&C) of Kemper Corporation (Kemper Corp.) [NYSE: KMPR].
A.M. Best also has affirmed the FSR of A- (Excellent) and the ICRs
of "a-" of Kemper Corp.'s life/health subsidiaries, collectively
referred to as Kemper Life & Health Group (Kemper L&H).

Concurrently, A.M. Best has affirmed the ICR of "bbb-" and the
senior debt ratings of "bbb-" on $250.0 million 4.35% senior
unsecured notes due 2025, $360.0 million 6.0% senior unsecured
notes due 2017 and "bb+" on $150.0 million 7.375% subordinated debt
due 2054 of Kemper Corp.  Furthermore, A.M. Best has affirmed the
indicative ratings of "bbb-" on senior unsecured debt, "bb+" on
subordinated debt and "bb" on preferred stock in the automatic
shelf of Kemper Corp.  The outlook for all ratings is stable. All
companies are headquartered in Chicago, IL, unless otherwise
specified.

The affirmation of the ratings of Kemper P&C, led by Trinity
Universal Insurance Company (Trinity) (Dallas, TX), is reflective
of its solid risk-adjusted capitalization, improved operating
performance, diverse business profile and the continual actions
being taken to reduce exposure to catastrophic loss and manage
risks.  These actions include increasing rates, enhancing risk
selection, reducing exposure in catastrophe-prone areas and further
development of a formalized enterprise risk management program.
Kemper P&C maintains a diverse business profile with a strong
market presence, good geographic spread of risk, multi-channel
distribution and long-standing agency relationships.  Trinity
reinsures the other members through a 100% quota share reinsurance
agreement.

Partially offsetting these positive rating factors are Kemper P&C's
underwriting variability and negative operating cash flows in most
of the past five years.  In addition, underwriting leverage, while
improved, remains above average when compared with the private
passenger automobile and homeowner composite.  Kemper P&C continues
to face challenges by strong competitive market pricing in its main
private passenger auto lines of business, potential catastrophic
losses from increased severity of weather events and continuation
of low interest rates and equity market volatility, which is
putting pressure on investment returns.  However, following adverse
underwriting performance in earlier periods, Kemper P&C has
reported favorable operating earnings in recent years.

The affirmation of the ratings of Kemper L&H recognizes its
important role within the Kemper organization, its strong niche
presence in the home service life insurance market, as well as its
well-established employee agency field force and strong operating
performance.  The life/health subsidiaries are among the market
leaders in the mature home service life insurance segment,
predominantly marketing low face amount permanent and term life
policies.  Through Kemper Senior Solutions and Kemper Benefits,
under its Reserve National legal entity, the company offers final
expense and other health-related supplement products.

Kemper L&H's consolidated risk-adjusted capitalization is enhanced
by its strong profitability, which historically has offset the
large dividend payments made to Kemper Corp.  Furthermore, A.M.
Best notes Kemper L&H's stable liability structure relative to its
life/annuity peers is facilitated by the sale of straightforward,
lower risk product offerings through career agents.

Partially offsetting these strengths is A.M. Best's belief that
Kemper L&H may be challenged to meaningfully grow its businesses
given the limited growth potential in the mature home service
market.  A.M. Best also notes the continued high concentration of
real estate and Schedule BA assets—limited liability investment
companies and limited partnerships—relative to total capital that
remain above industry averages.


L & A AUTOMOTIVE: NY App. Div. Reverses Ruling in Long Oil Suit
---------------------------------------------------------------
The Appellate Division of the Supreme Court of New York, Third
Department, reversed an order and judgment of the Supreme Court,
entered September 27, 2013, in Schenectady County, favor of Lewis
A. Polsinelli Jr., d/b/a L & A Automotive Center, Inc.

Long Oil Heat, Inc., a fuel delivery company, provided L & A
Automotive with various types of fuel and certain equipment.  Not
long after their business relationship began, L & A fell behind in
its payments to plaintiff -- eventually prompting Long Oil to
terminate all deliveries to L & A, retrieve its fuel tanks, and
commence an action against Lewis A. Polsinelli Jr., who is the sole
officer of L & A, for breach of contract and an account stated.

Upon appeal, Long Oil asked the Appellate Division to determine
whether Polsinelli should be held personally liable for the debt
incurred by L & A -- the latter of which, the record reflects, was
dissolved by the Secretary of State in 1997.

The Appellate Division reversed the lower court's ruling, noting
that L & A was dissolved by a proclamation of the Secretary of
State in 1997, and nothing in the record on appeal suggests that
the dissolution subsequently was annulled.  Nearly 10 years later,
L & A purported to enter into what fairly qualifies as a new
business relationship with Long Oil for the purpose of obtaining
fuel deliveries and supplies -- a relationship that continued for
several months until L & A's nonpayment of outstanding invoices
prompted Long Oil to retrieve its equipment and cease all
deliveries.  The Appellate Division said L & A's activities in this
regard do not constitute a winding up of its corporate affairs but,
rather, amount to the pursuit of new business for which Polsinelli
indeed is personally liable.  

The case is LONG OIL HEAT, INC., Appellant, v. LEWIS A. POLSINELLI
JR., Doing Business as L & A AUTOMOTIVE CENTER, INC., Respondent,
et al., Defendant, Case No. 518847, (N.Y. App. Div.).

A full-text copy of the Memorandum and Order dated May 28, 2015, is
available at http://is.gd/bhN8tLfrom Leagle.com.

Robert E. Ganz, Esq. -- reg@gwlaw.com -- of Ganz Wolenbreit &
Siegfeld serves as counsel for Appellant.

Steven X. Kouray, Esq., of Kouray & Kouray serve as counsel for
Respondent.


LEE STEEL: Creditors' Committee Files Rule 2019 Statement
---------------------------------------------------------
Lee Steel Corp.'s official committee of unsecured creditors filed a
statement with the U.S. Bankruptcy Court for the Eastern District
of Michigan pursuant to Rule 2019 of the Federal Rules of
Bankruptcy Procedure.

The three-member committee disclosed that the company owes $2.57
million to Essar Steel Algoma Inc.; $1.25 million to NLMK
Pennsylvania; and $722,698 to Nippon Steel & Sumikin Bussan America
Inc.  

The committee was formed on April 23, 2015, according to the court
filing.

                          About Lee Steel

Novi, Michigan-based Lee Steel Corp., provides flat rolled steel,
including hot rolled steel, cold rolled steel, and exposed coated
products for automotive and other manufacturing industries.

Lee Steel and 2 affiliated companies -- Taylor Industrial
Properties, L.L.C., and 4L Ventures, LLC -- filed for separate
bankruptcy protection (Bankr. D. Del. Case No. 15-45784) on
April 13, 2015.  

The Hon. Marci B. McIvor presides over the cases.  Joshua A.
Gadharf, Esq., at McDonald Hopkins PLC, represents the Debtor.
Huron Business Advisory, serves as financial advisor; and Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Lee Steel disclosed $63,206,282 in total assets and $62,659,806 in
total liabilities.

The U.S. Trustee for Region 9 appointed three creditors to serve on
the official committee of unsecured creditors.  Conway
Mackenzie, Inc. serves as its financial advisor.


LEE STEEL: May Hold Auction for Assets on Aug. 11
-------------------------------------------------
Lee Steel Corp. will hold an auction for most of its assets on
August 11 if it receives multiple bids from potential buyers,
according to court filings.

The auction will take place at the offices of McDonald Hopkins PLC,
the Michigan-based law firm hired by the company to be its
bankruptcy counsel.

A court hearing to consider the sale of the assets to the winning
bidder is scheduled for August 12.

Early last month, U.S. Bankruptcy Judge Marci McIvor approved a
bidding process that allowed the company to solicit offers and sell
its assets to the highest bidder.

The bidding procedures set an August 4 deadline for potential
buyers to make an offer.  Bidders are required to make a deposit,
which is 10 percent of the purchase price to be paid.

The bidding procedures allow the company to select a stalking horse
bidder and offer a breakup fee of up to $500,000.

The stalking horse bidder will not assume any employee benefit
programs except those mandated by Lee Steel's collective bargaining
agreements, according to court filings.

                          About Lee Steel

Novi, Michigan-based Lee Steel Corp., provides flat rolled steel,
including hot rolled steel, cold rolled steel, and exposed coated
products for automotive and other manufacturing industries.

Lee Steel and 2 affiliated companies -- Taylor Industrial
Properties, L.L.C., and 4L Ventures, LLC -- filed for separate
bankruptcy protection (Bankr. D. Del. Case No. 15-45784) on
April 13, 2015.  

The Hon. Marci B. McIvor presides over the cases.  Joshua A.
Gadharf, Esq., at McDonald Hopkins PLC, represents the Debtor.
Huron Business Advisory, serves as financial advisor; and Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Lee Steel disclosed $63,206,282 in total assets and $62,659,806 in
total liabilities.

The U.S. Trustee for Region 9 appointed three creditors to serve on
the official committee of unsecured creditors.  Conway
Mackenzie, Inc. serves as its financial advisor.


LUCAS ENERGY: Audit Opinion Includes Going Concern Qualification
----------------------------------------------------------------
Lucas Energy, Inc., an independent oil and gas company with its
main operations in Texas, on July 17 announced that, as previously
disclosed in its Annual Report on Form 10-K for the year ended
March 31, 2015, which was filed with the Securities and Exchange
Commission on July 14, 2015, the audited financial statements for
the year ended March 31, 2015 in the Form 10-K contained an audit
opinion from its independent registered public accounting firm,
Hein & Associates, LLP, which includes a going concern
qualification.

This announcement is made pursuant to NYSE MKT Company Guide
Section 610(b), which requires separate disclosure of receipt of an
audit opinion containing a going concern qualification.

For further details, please refer to Note 2 of the audited
financial statements included in "Part II" – "Item 8. Financial
Statements and Supplementary Data" of the Form 10-K filing.

                   About Lucas Energy, Inc.

Lucas Energy (NYSE MKT: LEI) -- http://www.lucasenergy.com-- is
engaged in the development of crude oil and natural gas in the
Austin Chalk and Eagle Ford formations in South Texas.  Based in
Houston, Lucas Energy's management team is committed to building a
platform for growth and the development of its five million barrels
of proved Eagle Ford and other oil reserves while continuing its
focus on operating efficiencies and cost control.


MALIBU ASSOCIATES: Has Final Authorization to Access DIP Financing
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
issued a final order authorizing Malibu Associates, LLC, to access
postpetition financing from existing lender Aa87, LLC, provided
that it is consistent with the DIP budget.

The Debtor is authorized to grant the lender replacement lien in
and on all of Debtor's prepetition and postpetition real or
personal property and rights.

To secure all obligations of the Debtor, the lender is granted a
valid, enforceable, non-avoidable and fully perfected lien in and
on the collateral; provided, however, that (i) the lien granted to
secure repayment of the DIP Financing will be treated in accordance
with and subject to the terms of the subordination agreement; (ii)
the DIP Lender Lien will be junior to the Bank Liens or any valid,
binding, enforceable, unavoidable and perfected prepetition
purchase money security interests on specific equipment of the
Debtor and any binding, enforceable, unavoidable and perfected
prepetition liens held by equipment lessors which existed as of the
Petition Date and which were senior in priority to the security
interests of lender; and (iii) the DIP Lender Lien will not, in any
event, attach to any claims or causes of action under Chapter 5 of
the Bankruptcy Code.

                     About Malibu Associates

Headquartered in Malibu, California, Malibu Associates, LLC, owns
the Malibu Golf Club.  The club has a restaurant and clubhouse, in
addition to an 18-hole golf course, on its 650-acre property in the
Santa Monica Mountains.

Malibu Associates sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 15-10477) in Santa Barbara, California, on March 10, 2015,
disclosing $76.2 million in total assets and $47.8 million in total
liabilities.  Thomas Hix, the managing member of the Debtor, signed
the bankruptcy petition.

The Debtor owns real property located at 901 Encinal Canyon Road,
Malibu, California.  The property secures a $46.8 million debt to
U.S. Bank, National Association, which is secured by a first deed
of trust on the property.  The Los Angeles County Treasurer and Tax
Collector is also owed $459,800, secured by a tax lien on the
property.

The case is assigned to Judge Deborah J. Saltzman.  David L. Neale,
Esq., at Levene Neale Bender Rankin & Brill LLP, in Los Angeles,
serves as counsel to the Debtor.

The Debtor previously sought bankruptcy protection on Nov. 3, 2009,
in the Central District of California, San Fernando Valley Division
(Bankr. C.D. Cal. Case No. No. 9-24625).   That case was assigned
to the Honorable Maureen A. Tighe, but was later dismissed.  The
real property in Malibu was included in the prior filing.



MARK VINCENT KAPLAN: Request to Use Funds for Personal Use Denied
-----------------------------------------------------------------
Judge Robert Kwan of the United States Bankruptcy Court for the
District Court of California, Los Angeles Division, denied Debtor
Mark Vincent Kaplan's motion for order setting a budget for interim
use of estate property.

Judge Kwan denied the motion finding that the motion is not
supported by admissible and credible evidence and legal authority
to support findings of facts and conclusions of law that the
proposed use of estate funds for the personal living expenses of
the Debtor in the amount of $45,318 per month is authorized under
Section 363 of the Bankruptcy Code, which governs the use, sale and
lease of property of a bankruptcy estate, or any other provision of
the Bankruptcy Code.

Although no opposition or objection to the Motion has been filed,
and Local Bankruptcy Rule 9013-1(h) authorizes the court to deem
such failure to be consent to granting the motion, the court is not
obligated to do so, Judge Kwan said.

Judge Kwan, however, grants the Debtor leave to file an amended
motion which addresses the concerns raised in the order.

The bankruptcy case is In re: MARK VINCENT KAPLAN, Chapter 11,
Debtor, Case No. 2:15-BK-16187-RK (Bankr. C.D. Calif.).

A full-text copy of Judge Kwan's Order dated June 11, 2015, is
available at http://is.gd/r0yN50from Leagle.com.


NORTH AMERICAN TUNGSTEN: Commences SISP; Gets CCAA Stay Extension
-----------------------------------------------------------------
North American Tungsten Corporation Ltd. disclosed that it is
commencing a Sale and Investor Solicitation Process, which was
approved by an Order of the Supreme Court of British Columbia on
July 17, 2015.  At the same time, the Court also extended the stay
and other relief under the Companies' Creditors Arrangement Act to
October 31, 2015.  While under CCAA protection, creditors and
others are stayed from pursuing any claims or enforcing any rights
against NATC.

Due to liquidity issues, NATC filed for Court protection under the
CCAA on June 9, 2015.  Since that time, NATC has stabilized the
business and secured interim financing, the details of which were
previously announced, and which was approved by the Court on July
9, 2015.  With the benefit of the CCAA, the interim financing and
the current extension to October 31, 2015, NATC expects operations
will continue uninterrupted and all obligations to employees and
suppliers of goods and services provided after the filing date will
continue to be met.

The extension and protection under the CCAA will allow NATC to
continue with its current operating plan while inviting offers of
purchase of the Company's assets, property and business or for an
investment in the Company.  Alvarez & Marsal Canada Inc. is acting
as Court Appointed Monitor under the CCAA and will oversee the sale
and investment process.  A summary of the SISP is as follows:

-- Alvarez & Marsal Canada Securities ULC ("A&M Securities") is
soliciting offers of purchase or investment on the Company's
behalf;

-- The solicitation process is governed by the SISP Order which
has been approved by the Court;

-- Qualified interested parties that have executed a
confidentiality agreement will receive access to further
information and will be invited to submit a conforming binding
offer which will be assessed by NATC, A&M Securities and the
Monitor; and

-- Any offers which the Company decides to accept will be subject
to Court approval.

-- The timeline for the SISP is as follows:
    --  July 27, 2015 - access to data room commences;
    --  August 2015 - proposed site visits;
    --  September 30, 2015 (12pm PDT) - bid deadline; and
    --  October 31, 2015 - latest date for seeking Court approval
        for preferred offer(s) and next steps.
    --  NATC, A&M Securities and the Monitor reserve the right, in

        their discretion, to amend the timing of the sale and
        investor solicitation process indicated above.

Inquiries on the SISP process should be directed to A&M Securities
only (Callum Beveridge, (604) 638.7447 or Marianna Lee, (604)
639.0845).  No direct contact should be made to the Company or its
employees.

          About North American Tungsten Corporation Ltd.

The Company is a publicly listed Tier 1 Junior Resource Company
engaged primarily in the operation, development, and acquisition of
tungsten and other related mineral properties in Canada.  The
Company's 100% owned Cantung mine and Mactung development project
make it one of the few tungsten producers with a strategic asset in
the western world.  Mactung is one of the world's largest known
undeveloped high grade tungsten-skarn deposits.


PARKWAY PROPERTIES: Case Summary & 8 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Parkway Properties 15, LLC
        a California Limited Liability Company
        2358 Buchanan Road
        Antioch, CA 94531

Case No.: 15-42247

Chapter 11 Petition Date: July 18, 2015

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. William J. Lafferty

Debtor's Counsel: Michael St. James, Esq.
                  ST. JAMES LAW, P.C.
                  155 Montgomery St. #1004
                  San Francisco, CA 94104
                  Tel: (415)391-7566
                  Email: ecf@stjames-law.com
                         Michael@StJames-Law.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Basil Plastiras, manager.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/canb15-42247.pdf


POMARE LTD: Can Sell Nimitz Property through Auction
----------------------------------------------------
Judge Lloyd King of the United States Bankruptcy Court for the
District of Hawaii authorized Pomare, Ltd. dba Hilo Hattie, to sell
the property located at 700 North Nimitz Highway, in Honolulu,
Hawaii, through a public auction, and assume and assign the lease
covering the same property.

The Property covered by the lease, by and between James Stewart
Romig, as Lessee, and Honolulu, Limited, as Lessor, dated August
24, 1982, is the most significant asset held by the Debtor but also
constitutes a substantial drag on the Debtor's business.  The
Property originally held the Debtor's manufacturing facility, but
the Debtor no longer manufactures its inventory and the old
manufacturing space is no longer needed.  Accordingly, the Debtor
has determined that the highest and best use of the Property for
the Debtor's future is to sell the Property to the highest bidder.

Under a Purchase Agreement, the Buyer agrees to purchase the
Property for $4,800,000.  Honolulu Limited, the Lessor, and the
Debtor entered into a Letter Agreement, dated April 14, 2015, under
which the Lessor has agreed to accept $1,000,000 as a cure
payment.

The bankruptcy case is In re POMARE, LTD., dba Hilo Hattie, Chapter
11, Debtor and Debtor-in-possession, Case No. 15-00203, (Bankr. D.
Hawaii).

A full-text copy of Judge King's Findings of Fact and Conclusions
of Law date June 1, 2015, available at http://is.gd/4sRrKFfrom
Leagle.com.
James A. Wagner, Esq. -- jwagner@hibklaw.com -- Chuck C. Choi, Esq.
-- cchoi@hibklaw.com -- and Allison A. Ito, Esq. --
aito@hibklaw.com -- serve counsel for the
Debtor-Debtor-in-Possession.

Based in Honolulu, Hawaii, Pomare Ltd., dba Hilo Hattie, is a
tourist-destination retailer with operations chiefly in Hawaii.
It has seven stores in Hawaii and two in California.

The Company filed for Chapter 11 relief on October 2, 2008 (Bankr.
D. Hawaii Case No. 08-01448).  Chuck C. Choi, Esq., and James A.
Wagner, Esq., at Wagner Choi & Verbrugge, represent the Debtor as
counsel.  Alexis M. McGinness, Esq., and Ted N. Pettit, Esq., at
Case Lombardi & Pettit, represent the official committee of
unsecured creditors.  In its schedules, the Debtor listed total
assets of $15,825,657, and total debts of $13,767,047.


PTC SEAMLESS: Committee Hires McGuireWoods as Counsel
-----------------------------------------------------
The Hon. Thomas P. Agresti of the U.S. Bankruptcy Court for the
Western District of Pennsylvania authorized the the Official
Committee of Unsecured Creditors of PTC Seamless Tube Corp fka PTC
Alliance Pipe Acquisition LLC to retain McGuireWoods LLP as its
counsel nunc pro tunc to May 11, 2015.

The firm is expected to:

a) advise the Committee with respect to its powers and duties under
section 1103 of the Bankruptcy Code;

b) take all necessary actions to preserve, protect and maximize the
value of the Debtor's estates for the benefit of the Debtor's
general unsecured creditors, including but not limited to,
investigating the acts, conduct, assets, liabilities, and financial
condition of the Debtor, the operation of the Debtor's businesses
and the desirability of continuing such businesses, and any other
matter relevant to this case or to the formulation of a plan;

c) prepare motions, applications, answers, proposed orders, reports
and papers that
may be necessary to preserve and further the Committee's interests
in this chapter
11 case;

d) participate in the formulation of a plan as may be in the best
interests of general unsecured creditors of the Debtor's estates;

e) participate in any sale process and take action in relation
thereto that serve the interests of general unsecured creditors

f) represent the Committee's interests with respect to the Debtor's
efforts to obtain post-petition secured financing;

g) advise the Committee in connection with any potential sale(s) of
assets;

h) appear before this Court, any appellate courts, and protect the
interests of the Committee and the value of the Debtor's estates
before such courts•

i) consult with the Debtor's counsel on behalf of the Committee
regarding tax, Intellectual property, labor and employment, real
estate, corporate, litigation matters, and general business
operational issues; and

j) perform all other necessary legal services and provide all other
necessary legal advice to the Committee in connection with this
chapter 11 case.

Current customary hourly rates of McGuireWoods for the individuals
expected to participate in
this case range from $550 to $850 for attorneys and $255 for
paralegals.

Michael J. Roeschenthaler, Esq., a partner in the law firm of
McGuireWoods LLP, assured the Court that the firm is a
"disinterested person" within the meaning of Section 101(14) of the
Bankruptcy code.

The firm can be reached at:

   Mark E. Freedlander, Esq.
   Michael J. Roeschenthaler, Esq.
   Frank J. Guadagnino, Esq.
   McGUIREWOODS LLP
   EQT plaza
   625 Liberty Avenue, 23rd Floor
   Pittsburgh,PA 15222-3142
   Tel: 412-667-6000
   Fax: 412-667-6050
   Email: mfreedlander@mcguirewoods.com
          mroeschenthaler@mcguirewoods.com
          fguadagnino@mcguirewoods.com

                           About PTC Seamless

PTC Seamless Tube Corp. was created by PTC Group Holdings Corp. to
enter into the seamless tube market, a new type of manufacturing
for PTC.  Seamless's executive and financial operations are based
in Wexford, Pennsylvania.  Seamless has a single plant located in
Hopkinsville, Kentucky, which is under construction.

PTC Group and its subsidiaries are leading manufacturers and
marketers of steel tubing, tubular shapes, bar products, fabricated
parts, and precision components.  PTC Group was formed in 2000 by
the merger of the Pittsburgh Tube Company and J.H. Roberts
Industries, Inc.  PTC Group has two direct subsidiaries: Seamless
and PTC Alliance Corp.

Seamless sought Chapter 11 bankruptcy protection (Bankr. W.D. Pa.
Case No. 15-21445) in Pittsburgh, Pennsylvania, on April 26, 2015.

Judge Carlota M. Bohm presides over the case.  PTC Group and
Alliance have not commenced Chapter 11 cases.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Aug. 24, 2015.  The deadline for
governmental entities to file claims is Oct. 23, 2015.

The Debtor tapped Reed Smith, LLP as counsel; Candlewood Partners,
LLC as investment banker and financial advisor; and Logan &
Company, Inc., as claims, noticing, and balloting agent.

The Debtor disclosed $99,347,576 in total assets and $280,030,034
in liabilities in its schedules.

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


PTC SEAMLESS: Court Approves Stonechiper as Conflicts Counsel
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Pennsylvania
authorized PTC Seamless Tube Corp., fka PTC Alliance Pipe
Acquisition LLC, to employ Stonecipher Law Firm as conflicts
counsel, nunc pro tunc to May 21, 2015 application date.

As reported in the Troubled Company Reporter on June 24, 2015, the
Debtor requires Stonecipher Law to:

   (a) attend meetings and negotiate with representatives of
       creditors and other parties in interest involving Conflict
       Matters;

   (b) take all necessary action to protect and preserve the
       Debtor's estate with respect to Conflict Matters, only,
       Including:

       (i) the prosecution of actions on its behalf,

      (ii) the defense of any actions commenced against the
           estate,
      
     (iii) negotiations concerning litigation in which the Debtor
           may be involved; and

      (iv) objections to claims filed against the estate;

   (c) prepare on behalf of the Debtor all motions, applications,
       answers, orders, reports, and papers necessary for the
       resolution of Conflict Matters;

   (d) appear in the Bankruptcy Court and any appellate courts and

       before the U.S. Trustee, and protect the interests of the
       Debtor's estate before such courts and the U.S. Trustee
       with respect to Conflict Matters; and

   (e) perform all other necessary legal services and provide all
       other necessary legal advice to the Debtor in connection
       with the foregoing and with respect to Conflict Matters,
       only.

Stonecipher Law will be paid at these hourly rates:

       George T. Snyder, Partner       $400
       Ronald B. Roteman, Partner      $400
       Roy E. Leonard, Partner         $410
       Jeanne S. Lofgren, Associate    $325
       Jaclyn E. Faulds, Associate     $185
       Partners                        $400-$440
       Counsel                         $350-$390
       Associates                      $185-$325
       Legal Assistants, Paralegals,
       and Support Staff               $90-$130

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

George T. Snyder, attorney at Stonecipher Law, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Stonecipher Law provided the following information in response to
the request for additional information set forth in paragraph D.1.
the Guidelines for Reviewing Applications for Compensation and
Reimbursement of Expenses Filed under 11 U.S.C. section 330 by
Attorneys in Larger Chapter 11 Cases (the "U.S. Trustee
Guidelines").

  -- The hourly rates set forth herein are consistent with the
     Rates that Stonecipher charges other comparable chapter 11
     clients, and the rate structure provided by Stonecipher is
     appropriate and is not significantly different from (a) the
     rates that Stonecipher charges in other non-bankruptcy
     representations or (b) the rates of other comparably skilled
     professionals for similar engagements.

  -- Stonecipher has not represented the Debtor in the 12 months
     prior to the Petition Date.

  -- As conflicts counsel for the Debtor's estate, the extent to
     which Stonecipher may be called upon to render services to
     the Debtor is uncertain and unpredictable. The Debtor has
     reviewed and approved the proposed rates for the Stonecipher
     attorneys staffing this matter.

Stonecipher Law can be reached at:

     George T. Snyder
     STONECIPHER LAW FIRM
     125 First Ave.
     Pittsburgh, PA 15222-1590
     Tel: (412) 391-8510
     Fax: (412) 391-8522
     E-mail: gsnyder@stonecipherlaw.com

                           About PTC Seamless

PTC Seamless Tube Corp. was created by PTC Group Holdings Corp. to
enter into the seamless tube market, a new type of manufacturing
for PTC.  Seamless's executive and financial operations are based
in Wexford, Pennsylvania.  Seamless has a single plant located in
Hopkinsville, Kentucky, which is under construction.

PTC Group and its subsidiaries are leading manufacturers and
marketers of steel tubing, tubular shapes, bar products, fabricated
parts, and precision components.  PTC Group was formed in 2000 by
the merger of the Pittsburgh Tube Company and J.H. Roberts
Industries, Inc.  PTC Group has two direct subsidiaries: Seamless
and PTC Alliance Corp.

Seamless sought Chapter 11 bankruptcy protection (Bankr. W.D. Pa.
Case No. 15-21445) in Pittsburgh, Pennsylvania, on April 26, 2015.

Judge Carlota M. Bohm presides over the case.  PTC Group and
Alliance have not commenced Chapter 11 cases.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Aug. 24, 2015.  The deadline for
governmental entities to file claims is Oct. 23, 2015.

The Debtor tapped Reed Smith, LLP as counsel; Candlewood Partners,
LLC as investment banker and financial advisor; and Logan &
Company, Inc., as claims, noticing, and balloting agent.

The Debtor disclosed $99,347,576 in total assets and $280,030,034
in liabilities in its schedules.

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


PTC SEAMLESS: Files Amended Schedules and Statements
----------------------------------------------------
PTC Seamless Tube Corp. fka PTC Seamless Pipe Acquisition LLC filed
with the U.S. Bankruptcy Court for the Western District of
Pennsylvania an amended schedules of assets and liabilities, and
amended statement of financial affairs.  A full-text copy of the
schedules and statements is available for free at:

        http://is.gd/gjEZwY
        http://is.gd/iyHHnj

                           About PTC Seamless

PTC Seamless Tube Corp. was created by PTC Group Holdings Corp. to
enter into the seamless tube market, a new type of manufacturing
for PTC.  Seamless's executive and financial operations are based
in Wexford, Pennsylvania.  Seamless has a single plant located in
Hopkinsville, Kentucky, which is under construction.

PTC Group and its subsidiaries are leading manufacturers and
marketers of steel tubing, tubular shapes, bar products, fabricated
parts, and precision components.  PTC Group was formed in 2000 by
the merger of the Pittsburgh Tube Company and J.H. Roberts
Industries, Inc.  PTC Group has two direct subsidiaries: Seamless
and PTC Alliance Corp.

Seamless sought Chapter 11 bankruptcy protection (Bankr. W.D. Pa.
Case No. 15-21445) in Pittsburgh, Pennsylvania, on April 26, 2015.

Judge Carlota M. Bohm presides over the case.  PTC Group and
Alliance have not commenced Chapter 11 cases.

According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due Aug. 24, 2015.  The deadline for
governmental entities to file claims is Oct. 23, 2015.

The Debtor tapped Reed Smith, LLP as counsel; Candlewood Partners,
LLC as investment banker and financial advisor; and Logan &
Company, Inc., as claims, noticing, and balloting agent.

The Debtor disclosed $99,347,576 in total assets and $280,030,034
in liabilities in its schedules.

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


RENAULT WINERY: Golf and Hotel Property Up for Sale
---------------------------------------------------
The Renault Winery Resort & Golf's 1,100 acre property with 54 room
hotel, 18-hole pub golf course, and historic 40 acre winery will be
up for sale by order of the U.S. Bankruptcy Court for the District
of New Jersey.  For information on the property, interested buyers
should contact:

Heritage Equity Partners
Tel: 866-969-1115 x6
Email: DBeall@equitypartnershg.com

                       About Renault Winery

Renault Winery, Inc., and its affiliates own and operate a hotel,
two restaurants, a golf course, and a winery.  The hotel is located
in Egg Harbor City, N.J., and the other businesses are located on
adjacent property in Galloway Township, N.J.  Renault Winery has
served South Jersey as a winery and restaurant facility for the
past 150 years.  Joseph Milza and his wife, Geraldine, took over
the operations of Renault Winery in 1974.

The companies that operate the businesses are Renault Winery Inc.
(winery, restaurant and gift shop), Renault Golf LLC (golf course),
and Tuscany House LLC (hotel, restaurant, and banquet facility).
Renault Realty Co., Renault Winery Property LLC, and Renault Winery
Inc., own the real estate on which the businesses operate, as well
as other real estate in the immediate area.


SABINE OIL: Files Bankruptcy Lawsuit vs. WTC
--------------------------------------------
Sabine Oil & Gas Corp., formerly Forest Oil Corp., has commenced an
adversary proceeding against Wilmington Trust, the administrative
agent under a $650 million second lien term loan provided to Sabine
in 2012.

"This action involves a fraudulent transfer that occurred as part
of a December 2014 business combination between Sabine Oil & Gas
LLC ("Sabine O&G") and Forest Oil, as well as related entities (the
"Business Combination").  At the time, Forest Oil was insolvent
from a balance-sheet standpoint. Simultaneous with the Business
Combination, Forest Oil's unencumbered assets were pledged to
secure debt that Sabine O&G had previously incurred and that was
under-secured.  Forest Oil and its creditors did not receive
reasonably equivalent value in exchange for that pledge. Rather, by
effectively transferring the value of the pledged assets from
Forest Oil's creditors (pre-transaction) to Sabine O&G's creditors,
the Business Combination impaired Forest Oil's unsecured
creditors," according to the complaint filed by the Debtor in the
U.S. Bankruptcy Court for the Southern District of New York.

According to Gabor Balassa, Esq., at Kirkland & Ellis LLP, counsel
to the Debtor, on Dec. 14, 2012, Sabine O&G entered into a $500
million second lien term loan agreement with Bank of America, N.A.
as the original administrative agent and other parties.  Later, on
Jan. 23, 2013, Sabine O&G obtained $150 million of additional
funding pursuant to the First Amendment to the Second Lien Loan
(together, the "Second Lien Loan").  These agreements made a total
of $650 million available to Sabine O&G.

In the suit asserting constructive fraudulent transfer, the Debtor
states and alleges that:

   * On Dec. 16, 2014, Forest Oil, Sabine O&G, and other entities
engaged in a series of transactions that had the effect of
conveying to Sabine O&G's Second Lien Loan facility hundreds of
millions of dollars of value that had previously been available to
Forest Oil's creditors.

   * In those transactions, unsecured Forest Oil assets were
pledged as collateral to Sabine O&G's Second Lien Loan facility to
secure Sabine O&G's under-secured Second Lien Loan debt that was
incurred years before the Business Combination.  These transactions
deprived Forest Oil's creditors of substantial value associated
with the Forest Oil assets. The transactions, by contrast,
benefitted Sabine O&G's Second Lien Loan holders by providing
Forest Oil's material and previously unencumbered assets as
enhanced collateral.

   * Forest Oil and its creditors did not receive assets or other
benefits of reasonably equivalent value or fair consideration in
exchange for the transfer of value from Forest Oil to the Second
Lien Lenders, or its assumption of obligations for Sabine O&G's
Second Lien Loan debt.

   * At the time it entered into the Business Combination and its
related transactions, Forest Oil was insolvent, and it remained
insolvent as a result of those transactions.

   * The transfer of value to the Second Lien Loan through the
pledge of Forest Oil assets to secure the preexisting deficiency on
Sabine O&G's Second Lien Loan, was a constructive fraudulent
transfer as to Forest Oil creditors.

   * The liens imposed on Forest Oil's assets to secure the $650
million in preexisting Sabine O&G debt under the Second Lien Loan
should be avoided, and should be preserved for the benefit of the
Company's estate.

A copy of the Complaint is available for free at:

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

                       About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315 non-operating)
and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker, and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.


SABINE OIL: Proposes Guidelines to Protect NOLs
-----------------------------------------------
Sabine Oil & Gas Corporation, et al., are asking the U.S.
Bankruptcy Court for the Southern District of New York to enter
interim and final orders approving certain notification and hearing
procedures related to certain transfers of, or declarations of
worthlessness with respect to, Sabine's common stock and preferred
stock or any beneficial ownership therein.

Generally, a company generates net operating losses ("NOLs") if it
has incurred more expenses than it has earned revenues in a tax
year.  Subject to certain conditions, a company may apply, or
"carry forward," NOLs to reduce future tax payments in a tax year
or years up to 20 years after the year in which the NOLs were
generated. 26 U.S.C. Sec. 39, 172.

As of June 1, 2015, the Debtors estimate that they have up to
approximately $1 billion of NOLs, translating to potential future
tax savings of as much as approximately $360 million.  The NOLs are
of significant value to the Debtors and their estates because the
Debtors can carry forward the NOLs to offset future taxable income
for up to 20 years, thereby reducing their future aggregate tax
obligations.  In addition, the Debtors may utilize such NOLs to
offset any taxable income generated by transactions consummated
during these chapter 11 cases.  The value of the NOLs will inure to
the benefit of all of the Debtors' stakeholders.

Generally, an "ownership change" occurs if the percentage (by
value) of the stock of a corporation owned by one or more 5-percent
shareholders has increased by more than 50 percentage points over
the lowest percentage of stock owned by such shareholders at any
time during the three-year testing period ending on the date of the
ownership change.

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

   * Any "substantial shareholder" -- entity that has direct or
indirect beneficial ownership of at only holders of the equivalent
of more than approximately 9,626,2174 shares of Common Stock (i.e.,
4.5 percent or more of outstanding Common Stock) or approximately
112,9025 shares of Preferred Stock (i.e., 4.5 percent or more of
outstanding Preferred Stock), and also parties who are interested
in purchasing sufficient Common Stock or Preferred Stock to result
in such party becoming a holder of the equivalent of at least
approximately 9,626,217 shares of Common Stock or 112,902 shares of
Preferred Stock --  must serve and file a declaration on or before
the later of (i) 30 calendar days after the date of the interim
order approving the procedures and (ii) 10 days after becoming a
substantial shareholder.

   * Prior to effectuating any transfer of the equity securities
that would result in another entity becoming or ceasing to be a
substantial shareholder, the parties to such transaction must serve
and file a notice of the intended stock transaction.

   * The Debtors have 30 calendar days after receipt of the stock
transaction notice to object to the proposed transaction.

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

   * If the Debtors timely object, the proposed transaction will
remain ineffective pending a final and non-appealable order of the
Court, unless the Debtors withdraw such objection.

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

Likewise, if a 50-percent or greater shareholder of the Debtors
were, for federal or state tax purposes, to treat its Common Stock
or Preferred Stock as having become worthless prior to the Debtors
emergence from chapter 11 protection, such a claim could trigger an
ownership change under section 382(g)(4)(D) of the IRC, thus
inhibiting the Debtors' ability to use the NOLs.

Accordingly, the Debtors propose these procedures for declarations
of worthlessness of common stock or preferred stock:

  a. Any person or entity that currently is or becomes a 50-Percent
Shareholder9 must file with the Court and serve upon proposed
counsel to the Debtors a Declaration of Status as a 50-Percent
Shareholder on or before the later of (i) 30 calendar days after
the date of the Notice of Interim Order, and (ii) 10 calendar days
after becoming a 50-Percent Shareholder.

  b. Prior to filing any federal or state tax return, or any
amendment to such a return, that claims any deduction for
worthlessness of Common Stock or Preferred Stock for a tax year
ending before the Debtors' emergence from chapter 11 protection,
such 50-Percent Shareholder must file and serve a Declaration of
Intent to Claim a Worthless Stock Deduction.

  c. The Debtors will have 30 calendar days after receipt of a
declaration of intent to claim a worthless stock deduction to file
and serve an objection.

  d. If the Debtors timely object, the filing of the tax return or
amendment thereto with such claim will not be permitted unless
approved by a final and non-appealable order of the Court, unless
the Debtors withdraw such objection.

  e. If the Debtors do not object within such 30-day period, the
filing of the return or amendment with such claim will be
permitted.

                       About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315 non-operating)
and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker, and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.


SABINE OIL: Wants 30-Day Extension for Schedules & Statements
-------------------------------------------------------------
Sabine Oil & Gas Corporation, et al., are asking the U.S.
Bankruptcy Court for the Southern District of New York to extend
the deadline by which they must file their schedules of assets and
liabilities, schedules of current income and expenditures,
schedules of executory contracts and unexpired leases, and
statements of financial affairs by 30 days, for a total of 44 days
from the Petition Date, without prejudice to the Debtors' ability
to request additional extensions for cause shown.

The Debtors submit that ample cause exists to grant the relief
requested.  To prepare their Schedules and Statements, the Debtors
will have to compile information from books, records, and documents
relating to thousands of claims, assets, and contracts from each
Debtor entity.  Accordingly, collection of the necessary
information will require a significant expenditure of time and
effort on the part of the Debtors and their employees.
Additionally, because numerous invoices related to prepetition
goods and services have not yet been received and entered into the
Debtors' accounting system, it may be some time before the Debtors
have access to all of the information required to prepare the
Schedules and Statements.

                       About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315 non-operating)
and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11 protection
(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on July 15,
2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker, and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.


SOO TRACTOR: Assets to Be Sold by ARMMCO at July 28 Auction
------------------------------------------------------------
ARMMCO Investment Inc., as secured creditor of Soo Tractor LLC,
will hold a public secured party's sale on July 28, 2015, at 10:00
a.m., at 1400 West 1st Street, Sioux City, Iowa, under Section
9-610 of the Uniform Commercial Code of all of the personal
property collateral pledged to secured creditor, including without
limitation, machinery and equipment, inventory, accounts
receivable, general intangibles, intellectual property,
cash/proceeds and all other personal property assets pledged to
secured creditor.

Any parties interested in further information about these assets
should contact the counsel of the secured creditor:

  Douglas E. Quinn, Esq.
  Ronal L. Comes, Esq.
  McGrath North Mullin & Kratz, PC LLO
  3700 First National Tower
  1601 Dodge Street
  Omaha, NE 68102
  Tel: (402) 341-3070
  Email: dquinn@mcgrathnorth.com
         rcomes@mcgrathnorth.com

Soo Tractor makes metal products and industrial/agricultural
equipment.


STATE FISH: Ch. 11 Trustee Inks Settlement with Shareholders
------------------------------------------------------------
R. Todd Neilson, the duly-appointed trustee of State Fish Co.,
Inc., et al., asks the U.S. Bankruptcy Court in Central District of
California, Los Angeles Division, to approve a comprehensive
resolution of disagreements by and among the Debtors, John DeLuca,
et al., the DeLuca Sisters, the Rose Estate, Susan Ricci, and Fred
DiBernardo.

Among many other things, the settlement (i) provides for the filing
of a consensual plan of liquidation that will permit payment in
full of administrative expenses and non-insider unsecured claims,
(ii) settles numerous potential claims by State Fish's shareholders
against the Debtors' estates, which claims could have significantly
diluted distributions to non-insider general unsecured creditors,
(iii) contemplates the continued pursuit by the Trustee of the
pending sale of the HPP/Calpack Business, (iv) contemplates the
orderly liquidation of the Fish Business, and (v) after reserving
funds for distributions in full to administrative claimants and
non-insider unsecured creditors, contains an agreed-upon allocation
to State Fish's shareholders of the Debtors' remaining assets.

The trustee is represented by:

         Jonathan M. Weiss
         KLEE TUNCHIN BOGDANOFF & STERN LLP
         1999 Ave of Stars, 39th Fl
         Los Angeles, CA 90067
         Tel: (310) 407-4000
         Fax: (310) 407-9090
         Email: jweiss@ktbslaw.com

                         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.


STATE FISH: Court Approves Variant Capital as Trustee's Banker
--------------------------------------------------------------
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 Variant Capital Advisors LLC as
investment banker to the Trustee, nunc pro tunc to May 28, 2015.

The Trustee requires Variant Capital to:

   (a) assist the Trustee in evaluating the business, operations
       and financial position of the Debtors and assessing sale
       options;

   (b) assist the Trustee in evaluating the Stalking Horse Bid
       with respect to its terms, the offering party's ability to
       transact, and available resources to consummate a
       transaction;

   (c) assist the Trustee in the preparation of marketing
       materials for distribution to potential purchasers in
       connection with potential Dispositions of the Sale Assets;

   (d) assist the Trustee in identifying and screening potential
       purchasers of the Sale Assets;

   (e) coordinate the distribution of materials and information to

       be made available to potential purchasers in connection
       with their due diligence investigations of the Sale Assets;

   (f) assist the Trustee in evaluating proposals for the Sale
       Assets that are received from potential purchasers;

   (g) advise the Trustee with respect to the strategy and tactics

       for negotiating with potential purchasers of the Sale
       Assets and, if requested, participate in negotiations and
       documentation relating to a proposed Disposition;

   (h) advise the Trustee with respect to the form and structure
       of, and consideration to be received in, the proposed
       Dispositions of the Sale Assets; and

   (i) perform such other services as the Trustee deems
       appropriate in connection with one or more Dispositions.

The Trustee has agreed to the following compensation structure with
Variant Capital, as more fully described in the Engagement Letter:

   -- Monthly Fee: A non-refundable monthly fee of $75,000 (or
      $37,500 following the later of (i) Aug. 31, 2015 and (ii)
      any disposition of the HPP/Calpack Sale Assets) (the
      "Monthly Fee") payable each month on the first of the month
      with the first pro-rated monthly payment payable upon
      execution of the Engagement Letter; plus

   -- Fish Transaction Fee: In the event of any Disposition of the

      State Fish Sale Assets either (i) as a "going concern" or
      (ii) other than as a "going concern," provided that, and
      only if, the Trustee and Variant Capital have separately
      agreed in writing that Variant Capital will be retained to
      assist the Trustee in connection with a Disposition that is
      not a "going concern", Debtors shall pay a fee (the "Fish
      Transaction Fee") of 3% of the value received by the Debtors

      for the Fish Sale Assets; and

   -- HPP/Calpack Transaction Fee: In the event of any Disposition

      of the HPP/Calpack Sale Assets that meets certain criteria,
      the Debtors shall pay a fee (the "HPP/Calpack Transaction
      Fee") calculated as follows: if the value received by the
      Debtors for the HPP/Calpack Sale Assets in a Disposition is
      greater than $12 million, then the HPP/Calpack Transaction
      Fee will be 10% of amounts received by the Debtors in excess

      of $12 million. For the avoidance of doubt, the Transaction
      Fee is only payable where the value received by the Debtors
      for the HPP/Calpack Sale Assets exceeds $12 million; and

   -- Reimbursement of Expenses: Variant Capital shall be entitled

      to reimbursement of its reasonable and reasonably documented

      out-of-pocket expenses incurred from time to time during the

      term of its retention in connection with the services to be
      provided under the Engagement Letter and consistent with
      paragraph 3(e) thereof, promptly after invoicing the
      Debtors; provided that in no event shall the out-of-pocket
      expenses of Variant Capital exceed $25,000 without the prior

      written consent of the Trustee.

   -- Tail Period: Variant Capital shall be entitled to the
      Transaction Fees if a Disposition is consummated during the
      term of Variant Capital's engagement or:

      - if a Disposition is consummated during the 9 months
        following the termination or expiration of Variant
        Capital's engagement by the Trustee without cause, with
        any person or entity (or any other person or entity formed

        by or affiliated with such person or entity) identified to

        the Trustee by Variant Capital; or;

      - if a Disposition that results from an agreement in
        principle or a definitive agreement to effect a
        Disposition that is entered into during the term of
        Variant Capital's engagement is consummated within 9
        months following termination or expiration of Variant
        Capital's engagement by the Trustee without cause with any

        person or entity identified to the Trustee by Variant
        Capital.

Notwithstanding the foregoing, Variant Capital will not be entitled
to any Transaction Fee with respect to (i) any Disposition that is
not a "going concern" unless the Trustee and Variant have
separately agreed in writing that Variant will be retained to
assist the Trustee in connection with such Disposition, (ii) any
Disposition of the four contiguous empty lots on Quay Avenue in
Wilmington, California.

Matthew D. Covington, managing director of Variant Capital, 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.

Variant Capital can be reached at:

       Matthew D. Covington
       VARIANT CAPITAL ADVISORS LLC
       333 South Hope Street, Suite 3625
       Los Angeles, CA 90071
       Tel: (213) 416-6200
       Fax: (213) 416-6201
       E-mail: MCovington@ConwayMacKenzie.com

                          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.


UNIFIED 2020: Ch. 11 Trustee Seeks Conversion to Ch. 7
------------------------------------------------------
Daniel J. Sherman, trustee for Unified 2020 Realty Partners, LP,
asks the U.S. Bankruptcy Court for the Northern District of Texas,
Dallas Division, to convert the Chapter 11 proceeding to one under
Chapter 7 of the Bankruptcy Code.

On June 15, 2014, the Debtor's most valuable asset was sold at a
foreclosure sale and the Property has been fully transitioned to
its new owner.  At this point, the approval of a disclosure
statement and reorganization of the Debtor is highly unlikely since
the Property is no longer in its estate, the Chapter 11 Trustee
said.

The Chapter 11 Trustee asserts that there is cause to convert the
Bankruptcy Case and the conversion is in the best interest of the
Bankruptcy Estate and its creditors because it will be less costly
than a Chapter 11 proceeding, saving the Estate valuable
administrative costs.

Simply considering the administrative expenses incurred by the
Chapter 11 Trustee and his professionals, which is only one aspect
of the mounting costs of this case, there is obvious loss and
diminution of the Bankruptcy Estate, the Chapter 11 Trustee adds.

The Chapter 11 Trustee is represented by:

         Kevin D. McCullough, Esq.
         Kerry Ann Miller, Esq.
         ROCHELLE MCCULLOUGH, LLP
         325 N. St. Paul Street, Suite 4500
         Dallas, TX 75201
         Tel: (214) 953-0182
         Fax: (214) 953-0185
         Email: kdm@romclawyers.com
                kmiller@romclawyers.com

                    About Unified 2020 Realty

Unified 2020 Realty Partners, LP, was formed in November 2007 to
own the real property and improvements located at 2020 Live Oak
Street, in Dallas, Texas.  The property is comprised of a 12-story
office building and an adjacent three-story parking garage and
annex.

Unified 2020 filed a petition under Chapter 11 of the Bankruptcy
Code (Bankr. N.D. Tex. Case No. 13-32425) in its home-town in
Dallas on May 6, 2013.  The petition was signed by Edward Roush as
president of general partner.  Judge Stacey G. Jernigan
presides over the Chapter 11 case.

In its schedules, the Debtor disclosed $280,178,409 in assets and
$46,378,972 in liabilities.

Arthur I. Ungerman, Esq., and Kerry S. Alleyne-Simmons, Esq., at
the Law Office of Arthur Ungerman, in Dallas, Texas, represent the
Debtor.  Peter C. Lewis, Esq., and Jacob W. Sparks, Esq., at
Scheef & Stone, LLP, in Dallas, Texas, represent United Central
Bank.

The Debtor consented to the appointment of a trustee, and on
Aug. 9, 2013, Daniel J. Sherman was appointed as Chapter 11
trustee.  Kevin D. McCullough, Esq., of Rochelle McCullough L.L.P.
serves as general bankruptcy counsel to the trustee.

The Debtor has obtained permission from the Bankruptcy Court to
proceed with the pursuit of its disclosure statement and plan, in
tandem or parallel with any effort by the trustee to propose a
plan.

In January 2014, Unified 2020 Realty Partners withdrew its second
amended disclosure statement, which explains the company's plan of
liquidation.  At that time, the Debtor said it remains involved in
a negotiation process and do not want to impose upon the court's
time by filing another request to continue the disclosure
statement hearing.  United Central Bank objected to the Plan,
saying the Plan is not feasible, much less confirmable within a
reasonable period of time.


UNISYS CORP: Moody's Affirms 'B1' CFR & Revises Outlook to Neg.
---------------------------------------------------------------
Moody's Investors Service affirmed Unisys Corp.'s ratings,
including the B1 Corporate Family Rating, B1 senior unsecured
rating, and SGL-2 Speculative Grade Liquidity rating. Moody's
revised the outlook to negative from stable.

RATINGS RATIONALE

The change in outlook reflects Moody's expectation that Unisys will
generate no better than modest levels of free cash flow over the
next year to 18 months due to weak margins, large pension
contributions, and cash costs of the global restructuring program.
Moreover, the prominent role that headcount reductions play in the
restructuring adds an element of execution risk to the
restructuring program.  Due to the large restructuring charges,
which will depress EBITDA, and the large underfunded pension
liability of about $2.2 billion, we expect that debt to EBITDA
(Moody's adjusted) will exceed 6x over the near term, which is high
for the B1 rating.

Nevertheless, Moody's expects that Unisys will maintain a sizable
cash balance, which will comfortably exceed the amounts required to
fund near term debt maturities and the anticipated near term FCF
consumption.  Moreover, Unisys has a large scale of operations
relative to similarly rated business services issuers, a
diversified services portfolio (which includes a large Public
Sector and U.S. Federal component), and a geographic mix in which
more than half of revenues are international.  Furthermore, a
successful execution of the restructuring program will lead to
significant cost reductions which could improve margins over the
next 2 to 3 years.

The rating of the senior unsecured notes is B1, which equals the
CFR, and reflects Unisys's largely unsecured capital structure. The
Speculative Grade Liquidity ("SGL") rating of SGL-2 reflects
Unisys's good liquidity, which is supported by a large cash balance
($402 million as of March 31, 2015) and the secured revolver
($120.7 million as of March 31, 2015) and modest near term debt
maturities until the 6.25% Senior Notes mature in 2017.

The ratings could be downgraded over the near term if Unisys is not
on-course to improve the EBITDA margin to 20% (Moody's adjusted,
excluding restructuring expenses) and debt to EBITDA to below 5x
(Moody's adjusted, excluding restructuring expenses).  If FCF
generation weakens further or revenues decline by more than the low
single digits percent, the ratings could also be lowered as this
would likely indicate difficulty implementing the restructuring or
a weakening competitive position.

The outlook could be stabilized if Unisys successfully executes the
restructuring, with the EBITDA margin (Moody's adjusted, excluding
restructuring expenses) maintained above 20% and revenues growing
at least in the low single digits percent level. We would also
expect debt to EBITDA (Moody's adjusted, excluding restructuring
expenses) to be sustained below 5x.  Although an upgrade is not
expected in the near term given the negative outlook, the ratings
could be upgraded if the company demonstrates at least mid-single
digit revenue growth, EBITDA margins at least in the low 20s
percent level, and debt to EBITDA below 4 times.

Affirmations:

Issuer: Unisys Corporation

  Corporate Family Rating (Local Currency), Affirmed B1
  Probability of Default Rating, Affirmed B1-PD
  Senior Unsecured Regular Bond/Debenture (Local Currency),
   Affirmed B1
  Speculative Grade Liquidity Rating, Affirmed SGL-2

Outlook Actions:

Issuer: Unisys Corporation
  Outlook, Changed To Negative From Stable

Unisys Corporation based in Blue Bell, Pennsylvania, provides
information technology (I/T) services and enterprise server
hardware worldwide.  Unisys competes against similar-sized peers as
well as much larger I/T services and hardware vendors including
IBM, Accenture, Hewlett Packard, and a number of services providers
located in India, including Infosys and Tata Consultancy Services.

The principal methodology used in this rating was Business and
Consumer Service Industry published in December 2014.  Other
methodologies used include Loss Given Default for Speculative Grade
Non-Financial Companies in the US, Canada, and EMEA, published in
June 2009.



VERMILLION INC: Oracle Partners Buys 512,043 Common Shares
----------------------------------------------------------
Oracle Partners, L.P. purchased 512,043 additional shares of Common
Stock for an aggregate purchase price of $1,003,522, including (i)
510,204 shares in a public offering at a purchase price of $1.96
per share and (ii) 1,839 shares in an open market purchase at a
purchase price of $1.9054 per share.

As of July 16, 2015:

  -- Oracle Partners may be deemed to beneficially own 5,056,023
     shares of Common Stock, representing 9.99% of the outstanding

     shares of Common Stock;

  -- Oracle Institutional Partners may be deemed to beneficially
     own 1,555,555 shares of Common Stock in the aggregate as a
     result of its beneficial ownership of (a) 972,222 shares of
     Common Stock and (b) 583,333 shares of Common Stock issuable
     on the exercise of its warrant, representing 3.04% of the
     outstanding shares of Common Stock;

  -- Oracle Ten Fund and Investment Manager, due to its
     relationship with Oracle Ten Fund, may be deemed to
     beneficially own 2,595,980 shares of Common Stock,
     representing 5.13% of the outstanding shares of Common Stock;

     and

  -- Oracle Associates, due to its relationship with Oracle
     Partners, Oracle Ten Fund and Oracle Institutional Partners,
     and Larry N. Feinberg, due to his respective relationships
     with the other Reporting Persons, may be deemed to
     beneficially own 9,207,558 shares of Common Stock,
     representing 17.98% of the outstanding shares of Common
     Stock.

A copy of the regulatory filing is available for free at:

                        http://is.gd/g1wGpe

                          About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-11091) on March 30, 2009.  Vermillion's legal
advisor in connection with its successful reorganization efforts
wass Paul, Hastings, Janofsky & Walker LLP.  Vermillion emerged
from bankruptcy in January 2010.  The Plan called for the Company
to pay all claims in full and equity holders to retain control of
the Company.

Vermillion reported a net loss of $19.2 million in 2014, a net loss
of $8.81 million in 2013 and a net loss of $7.14 million in 2012.

As of March 31, 2015, the Company had $18.67 million in total
assets, $3.48 million in total liabilities and $15.19 million in
total stockholders' equity.


VERMILLION INC: Signs Underwriting Agreement with Canaccord
-----------------------------------------------------------
Vermillion, Inc., on July 14, 2015, entered into an underwriting
agreement with Canaccord Genuity Inc., as representative of the
several underwriters, in connection with the underwritten public
offering and sale of 8,350,000 shares of the Company's common
stock, par value $0.001 per share, at a price to the public of
$1.96 per share.  Pursuant to the Underwriting Agreement, the
Company granted the Underwriters a 30-day option to purchase up to
an additional 1,252,500 shares of Common Stock solely to cover
over-allotments.  On July 16, 2015, the Underwriters exercised
their option in full.  The Offering, including the purchase of an
additional 1,252,500 shares of Common Stock pursuant to the
exercise of the over-allotment option, is expected to close on July
17, 2015, subject to the satisfaction of customary closing
conditions.

The Offering is being made pursuant to the prospectus supplement
dated July 14, 2015 and filed with the Securities and Exchange
Commission on July 14, 2015, to the prospectus dated Oct. 2, 2014,
filed with the SEC on Oct. 1, 2014, as part of Amendment No. 1 to
the Company's Registration Statement on Form S-3.

                        Updates Risk Factors

The risk factors update certain of the risk factors contained in
the Company's annual report on Form 10-K for the year ended
Dec. 31, 2014, and the Company's quarterly report on Form 10-Q for
the quarter ended March 31, 2015.

"If we or our suppliers fail to comply with FDA requirements for
production, marketing and post-market monitoring of our products,
we may not be able to market our products and services and may be
subject to stringent penalties, product restrictions or recall;
further improvements to our manufacturing operations may be
required that could entail additional costs.

The commercialization of our products could be delayed, halted or
prevented by applicable FDA regulations.  If the FDA were to view
any of our actions as non-compliant, it could initiate enforcement
actions, such as a warning letter and possible imposition of
penalties.  For instance, we are subject to a number of FDA
requirements, including compliance with the FDA's Quality System
Regulations "QSR" requirements, which establish extensive
requirements for quality assurance and control as well as
manufacturing procedures.  Failure to comply with these regulations
could result in enforcement actions for us or our potential
suppliers.  Adverse FDA actions in any of these areas could
significantly increase our expenses and reduce our revenue. We will
need to undertake steps to maintain our operations in line with the
FDA's QSR requirements.  Some components of OVA1 are manufactured
by other companies and we are required to ensure that, to the
extent that we incorporate those components into our finished OVA1
test, we use those components in compliance with QSR.  Any failure
to do so would have an adverse effect on our ability to
commercialize OVA1.  Our suppliers' manufacturing facilities, since
they manufacture finished kits that we use in OVA1, are subject to
periodic regulatory inspections by the FDA and other federal and
state regulatory agencies.  Our facility also is subject to FDA
inspection.  We or our suppliers may not satisfy such regulatory
requirements, and any such failure to do so may adversely affect
our business, financial condition and results of operations.

In the future, we plan to develop and perform LDTs at ASPiRA LABS.
If the FDA finalizes its October 3, 2014 draft guidance documents
that outline the FDA's proposal to actively regulate LDTs, we may
need to obtain a 510(k) clearance or pre-market approval for our
future LDTs, and there is no guarantee that we would ever procure
the needed FDA clearance or approval.  We also would need to comply
with ongoing regulatory requirements.

We intend to develop and perform LDTs at ASPiRA LABS.  The FDA has
historically exercised enforcement discretion and not required
approvals or clearances for LDTs. However, on October 3, 2014, the
FDA issued two draft guidance documents, entitled "Framework for
Regulatory Oversight of Laboratory Developed Tests (LDTs)" and "FDA
Notification and Medical Device Reporting for Laboratory Developed
Tests (LDTs)," respectively, that set forth a proposed risk-based
regulatory framework that would apply varying levels of FDA
oversight to LDTs.

According to the draft guidance documents, all laboratories with
LDTs--except for those only performing forensic testing or certain
LDTs for transplantation--would need to comply with some basic
statutory requirements, regardless of the risks of the tests,
including adverse event reporting, corrections and removals
reporting and registration and listing or notification.

In addition, "high" and "moderate" risk tests not subject to an
exemption will need to be the subject of a PMA or 510(k) submitted
to the FDA in a phased-in manner.  High-risk tests are those that
are classified as Class III devices.  Within those high-risk
devices, the FDA identifies the "highest risk devices" as (1) LDTs
with the same intended use as an approved or cleared companion
diagnostic; (2) LDTs with the same intended use as an FDA-approved
Class III device; and (3) certain LDTs for determining safety and
effectiveness of blood or blood products.  Moderate-risk tests are
those that are classified as Class II devices.

The FDA has indicated that it does not intend to modify its policy
of enforcement discretion until the draft guidance documents are
finalized.  It is unclear at this time when, or if, the draft
guidance documents will be finalized, and, if so, how the final
framework might differ from the proposal.  In addition, the new
regulatory requirements are proposed to be phased-in consistent
with the schedule set forth in the guidance documents for tests
that are on the market at the time the guidance documents are
finalized.  

Legislative proposals addressing the FDA's oversight of LDTs have
been previously introduced, and we expect that new legislative
proposals will be introduced from time to time.  The likelihood
that Congress will pass such legislation and the extent to which
such legislation may affect the FDA's plans to regulate LDTs as
medical devices is difficult to predict.

Even before the FDA finalizes such guidance documents, the FDA may
assert that a test that we believe to be an LDT is not an LDT and
could require us to seek clearance or approval to offer such tests
for clinical use.  If the FDA pre-market review or approval is
required for any of the future LDTs we may develop, we may be
forced to stop selling our tests or be required to modify claims or
make such other changes while we work to obtain FDA clearance or
approval.  Our business would be negatively affected until such
review is completed and clearance to market or approval is
obtained.

If pre-market review is required by the FDA or if we decide to
voluntarily pursue FDA pre-market review of our future LDTs, there
can be no assurance that any tests we develop in the future will be
cleared or approved on a timely basis, if at all.  Obtaining FDA
clearance or approval for diagnostics can be expensive, time
consuming and uncertain, and for higher-risk devices generally
takes several years and requires detailed and comprehensive
scientific and clinical data.  In addition, medical devices are
subject to ongoing FDA obligations and continued regulatory
oversight and review.  Ongoing compliance with FDA regulations for
those tests would increase the cost of conducting our business and
subject us to heightened regulation by the FDA and penalties for
failure to comply with these requirements."  

                         About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-11091) on March 30, 2009.  Vermillion's legal
advisor in connection with its successful reorganization efforts
wass Paul, Hastings, Janofsky & Walker LLP.  Vermillion emerged
from bankruptcy in January 2010.  The Plan called for the Company
to pay all claims in full and equity holders to retain control of
the Company.

Vermillion reported a net loss of $19.2 million in 2014, a net loss
of $8.81 million in 2013 and a net loss of $7.14 million in 2012.

As of March 31, 2015, the Company had $18.67 million in total
assets, $3.48 million in total liabilities and $15.19 million in
total stockholders' equity.


WALTER ENERGY: Moody's Withdraws 'Ca' CFR Following Ch.11 Filing
----------------------------------------------------------------
Moody's Investors Service withdrew all ratings of Walter Energy,
Inc. following the company's announcement that Walter and its U.S.
subsidiaries have filed for relief under Chapter 11 of the U.S.
Bankruptcy Code in the Bankruptcy Court for the Northern District
of Alabama on July 15, 2015.

RATINGS RATIONALE

Previously on May 4, 2015, Moody's downgraded the corporate family
rating (CFR) of Walter to Ca from Caa2 and the probability default
rating (PDR) to Ca-PD from Caa2-PD, reflecting continued stress in
the coal sector and the potential significant loss in case of
restructuring.  The company also announced on July 15 that it has
entered into an agreement with certain of its senior lenders on the
material terms of a restructuring.



WASHINGTON HEIGHTS: Taps Berger Fischoff as Special Counsel
-----------------------------------------------------------
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 Berger, Fischoff & Shumer, LLP as special
counsel to the Debtor.

The Debtor requires Berger Fischoff to:

   (a) handle issues regarding disputed claims and objections
       thereto; and

   (b) handle any other services the Debtor's general counsel may
       need assistance, including court appearances, due to his
       current physical disabilities.

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

Berger Fischoff 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.

Berger Fischoff can be reached at:

       Berger, Fischoff & Shumer, LLP
       40 Crossways Park Dr,
       Woodbury, NY 11797
       Tel: (516) 747-1136

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.


WASHINGTON HEIGHTS: Taps Marshall Schiff as Special Counsel
-----------------------------------------------------------
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 Marshall S. Schiff, P.C. as special counsel.

The Debtor requires Mr. Schiff to:

   (a) handle all real estate transactions involving the sale of
       transfer of its building; and

   (b) handle all tenant issues.

The proposed compensation that Mr. Schiff charges is $500 per
hour.

Mr. Schiff can be reached at:

       Marshall S. Schiff, Esq.
       MARSHALL S. SCHIFF, P.C.
       1 North Broadway, Suite 701
       White Plains, NY 10601
       Tel: (914) 421-1800

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.


WAVE SYSTEMS: Receives NASDAQ Listing Non-Compliance Notice
-----------------------------------------------------------
Wave Systems Corp. on July 17 disclosed that, by letter dated July
16, 2015, the Listing Qualifications Staff of The NASDAQ Stock
Market LLC notified the Company that, based upon its continued
non-compliance with the minimum $1.00 bid price requirement, as set
forth in NASDAQ Listing Rule 5550(a)(2), as of July 14, 2015, the
Company's common shares would be subject to delisting from NASDAQ
effective July 27, 2015 unless the Company submits a request for a
hearing before the NASDAQ Listing Qualifications Panel.

The Company is considering its options with respect to a plan to
regain and sustain compliance with the applicable NASDAQ listing
criteria and the presentation of such plan at a hearing before the
Panel.  The Company's common shares would remain listed on NASDAQ
pending any such hearing and until the expiration of any extension
granted by the Panel following the hearing.  There can be no
assurance that the Panel would grant the Company's request for
continued listing on NASDAQ.

                     About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

As of March 31, 2014, the Company had $8.74 million in total
assets, $17.1 million in total liabilities and a $8.37 million
total stockholders' deficit.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that
Wave Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


WPCS INTERNATIONAL: American Capital Holds 8.3% Stake as of July 14
-------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, American Capital Management, LLC and Kimberly Page
disclosed that as of July 14, 2015, they beneficially owned
173,103 shares of common stock of WPCS International Incorporated,
which represents 8.3 percent of the shares outstanding.  A copy of
the regulatory filing is available at http://is.gd/4zWVx0

              About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS International incurred a net loss attributable to common
shareholders of $11.2 million for the year ended April 30, 2014,
as compared with a net loss attributable to common shareholders of
$6.91 million for the year ended April 30, 2013.

As of Jan. 31, 2015, the Company had $14.8 million in total assets,
$14.8 million in total liabilities and a $36,000 total deficit.

Marcum LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the
year ended April 30, 2014.  The independent auditing firm
noted that the Company has incurred significant losses and needs
to raise additional funds to meet its obligations and sustain its
operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.


WPCS INTERNATIONAL: Iroquois Reports 9.9% Stake as of July 14
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Iroquois Master Fund Ltd. and its affiliates disclosed
that as of July 14, 2015, they beneficially owned 2,229,685 shares
of common stock of WPCS International Incorporated, which
represents 9.99 percent of the shares outstanding.  A copy of the
regulatory filing is available at http://is.gd/CDMhzl

                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.


X-WING AVIATION: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: X-Wing Aviation, LLC
        566 E. Germann Rd, Suite 101
        Gilbert, AZ 85297

Case No.: 15-09002

Chapter 11 Petition Date: July 17, 2015

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

Judge: Hon. Daniel P. Collins

Debtor's Counsel: M. Preston Gardner, Esq.
                  DAVIS MILES MCGUIRE GARDNER PLLC
                  80 E. Rio Salado Pkwy, #401
                  Tempe, AZ 85281
                  Tel: 480-733-6800
                  Fax: 480-733-3748
                  Email: pgardner@davismiles.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Alvin F. Skinner, Jr., sole member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb15-09002.pdf


[^] Large Companies With Insolvent Balance Sheet
------------------------------------------------
                                                 Total
                                                Share-      Total
                                     Total    Holders'    Working
                                    Assets      Equity    Capital
  Company         Ticker              ($MM)       ($MM)      ($MM)
  -------         ------            ------    --------    -------
ABSOLUTE SOFTWRE  ALSWF US           111.9        (5.5)      (0.6)
ABSOLUTE SOFTWRE  ABT CN             111.9        (5.5)      (0.6)
ABSOLUTE SOFTWRE  OU1 GR             111.9        (5.5)      (0.6)
AC SIMMONDS & SO  ACSX US              1.4        (0.4)      (1.5)
ADV MICRO DEVICE  AMD* MM          3,381.0      (141.0)   1,052.0
ADVANCED EMISSIO  ADES US            106.4       (46.1)     (15.3)
ADVANCED EMISSIO  OXQ1 GR            106.4       (46.1)     (15.3)
ADVENT SOFTWARE   ADVS US            424.8       (50.1)    (110.8)
ADVENT SOFTWARE   AXQ GR             424.8       (50.1)    (110.8)
AEROJET ROCKETDY  GCY GR           1,898.1       (95.6)     143.6
AEROJET ROCKETDY  AJRD US          1,898.1       (95.6)     143.6
AEROJET ROCKETDY  GCY TH           1,898.1       (95.6)     143.6
AIR CANADA        ADH2 TH         11,581.0    (1,213.0)     (95.0)
AIR CANADA        ACEUR EU        11,581.0    (1,213.0)     (95.0)
AIR CANADA        ADH2 GR         11,581.0    (1,213.0)     (95.0)
AIR CANADA        ACDVF US        11,581.0    (1,213.0)     (95.0)
AIR CANADA        AC CN           11,581.0    (1,213.0)     (95.0)
AK STEEL HLDG     AKS* MM          4,556.3      (392.9)     949.0
ALLIANCE HEALTHC  AIQ US             551.6       (88.9)      46.7
AMC NETWORKS-A    AMCX US          4,049.4       (89.4)     597.5
AMC NETWORKS-A    9AC GR           4,049.4       (89.4)     597.5
AMC NETWORKS-A    AMCX* MM         4,049.4       (89.4)     597.5
AMER RESTAUR-LP   ICTPU US            33.5        (4.0)      (6.2)
AMYLIN PHARMACEU  AMLN US          1,998.7       (42.4)     263.0
ANGIE'S LIST INC  ANGI US            178.8       (15.6)     (13.1)
ANGIE'S LIST INC  8AL GR             178.8       (15.6)     (13.1)
ARCADIA BIOSCIEN  17D GR              19.4        (7.3)       0.3
ARCADIA BIOSCIEN  RKDA US             19.4        (7.3)       0.3
ASPEN TECHNOLOGY  AZPN US            317.1       (26.8)     (17.4)
ASPEN TECHNOLOGY  AST GR             317.1       (26.8)     (17.4)
AUTOZONE INC      AZOEUR EU        8,032.4    (1,643.2)    (742.6)
AUTOZONE INC      AZO US           8,032.4    (1,643.2)    (742.6)
AUTOZONE INC      AZ5 TH           8,032.4    (1,643.2)    (742.6)
AUTOZONE INC      AZ5 GR           8,032.4    (1,643.2)    (742.6)
AVID TECHNOLOGY   AVID US            182.0      (344.7)    (165.7)
AVID TECHNOLOGY   AVD GR             182.0      (344.7)    (165.7)
AVINGER INC       AVGR US             23.1       (16.1)      13.3
AVINTIV SPECIALT  POLGA US         1,901.8       (12.6)     315.2
BARRACUDA NETWOR  CUDA US            400.4       (31.3)      36.9
BARRACUDA NETWOR  CUDAEUR EU         400.4       (31.3)      36.9
BARRACUDA NETWOR  7BM GR             400.4       (31.3)      36.9
BERRY PLASTICS G  BP0 GR           5,214.0       (73.0)     758.0
BERRY PLASTICS G  BERY US          5,214.0       (73.0)     758.0
BRINKER INTL      EAT US           1,437.3       (32.1)    (216.6)
BRINKER INTL      BKJ GR           1,437.3       (32.1)    (216.6)
BURLINGTON STORE  BURL US          2,683.1       (30.4)     161.9
BURLINGTON STORE  BUI GR           2,683.1       (30.4)     161.9
CABLEVISION SY-A  CVC US           6,701.2    (5,022.6)      50.8
CABLEVISION SY-A  CVCEUR EU        6,701.2    (5,022.6)      50.8
CABLEVISION SY-A  CVY TH           6,701.2    (5,022.6)      50.8
CABLEVISION SY-A  CVY GR           6,701.2    (5,022.6)      50.8
CABLEVISION-W/I   CVC-W US         6,701.2    (5,022.6)      50.8
CABLEVISION-W/I   8441293Q US      6,701.2    (5,022.6)      50.8
CADIZ INC         2ZC GR              66.0       (44.1)     (22.9)
CADIZ INC         CDZI US             66.0       (44.1)     (22.9)
CAMBIUM LEARNING  ABCD US            154.9       (77.3)     (19.9)
CARBYLAN THERAPE  CBYL US              7.7        (9.4)      (6.7)
CASELLA WASTE     WA3 GR             654.4       (20.9)       4.9
CASELLA WASTE     CWST US            654.4       (20.9)       4.9
CEDAR FAIR LP     7CF GR           2,005.9       (21.2)     (74.4)
CEDAR FAIR LP     FUN US           2,005.9       (21.2)     (74.4)
CENTENNIAL COMM   CYCL US          1,480.9      (925.9)     (52.1)
CHOICE HOTELS     CHH US             661.1      (413.5)     175.4
CHOICE HOTELS     CZH GR             661.1      (413.5)     175.4
CINCINNATI BELL   CBB US           1,733.0      (599.6)      46.3
CINCINNATI BELL   CIB GR           1,733.0      (599.6)      46.3
CLEAR CHANNEL-A   C7C GR           6,179.8      (255.3)     410.7
CLEAR CHANNEL-A   CCO US           6,179.8      (255.3)     410.7
CLIFFS NATURAL R  CLF US           2,702.6    (1,782.1)     677.9
CLIFFS NATURAL R  CLF* MM          2,702.6    (1,782.1)     677.9
CODE REBEL CORP   CDRB US              0.5        (1.6)      (1.4)
COLLEGIUM PHARMA  COLL US              5.1       (12.2)      (5.9)
COMVERSE INC      CNSI US            577.9        (7.2)      59.9
COMVERSE INC      CM1 GR             577.9        (7.2)      59.9
CONNECTURE INC    2U7 GR              96.0       (33.2)     (24.9)
CONNECTURE INC    CNXR US             96.0       (33.2)     (24.9)
CORIUM INTERNATI  6CU GR              62.7        (0.4)      35.9
CORIUM INTERNATI  CORI US             62.7        (0.4)      35.9
CYAN INC          CYNI US            112.1       (18.4)      56.9
CYAN INC          YCN GR             112.1       (18.4)      56.9
DELEK LOGISTICS   DKL US             332.6       (20.6)      11.8
DELEK LOGISTICS   D6L GR             332.6       (20.6)      11.8
DIRECTV           DTV US          24,301.0    (4,280.0)     482.0
DIRECTV           DTV CI          24,301.0    (4,280.0)     482.0
DIRECTV           DTVEUR EU       24,301.0    (4,280.0)     482.0
DIRECTV           DIG1 GR         24,301.0    (4,280.0)     482.0
DOMINO'S PIZZA    EZV TH             597.9    (1,245.7)     135.3
DOMINO'S PIZZA    EZV GR             597.9    (1,245.7)     135.3
DOMINO'S PIZZA    DPZ US             597.9    (1,245.7)     135.3
DUN & BRADSTREET  DNB US           2,027.7    (1,201.3)    (276.7)
DUN & BRADSTREET  DB5 GR           2,027.7    (1,201.3)    (276.7)
DUN & BRADSTREET  DNB1EUR EU       2,027.7    (1,201.3)    (276.7)
DUN & BRADSTREET  DB5 TH           2,027.7    (1,201.3)    (276.7)
DUNKIN' BRANDS G  DNKN US          3,360.1       (84.9)     278.7
DUNKIN' BRANDS G  2DB TH           3,360.1       (84.9)     278.7
DUNKIN' BRANDS G  2DB GR           3,360.1       (84.9)     278.7
DURATA THERAPEUT  DRTXEUR EU          82.1       (16.1)      11.7
DURATA THERAPEUT  DTA GR              82.1       (16.1)      11.7
DURATA THERAPEUT  DRTX US             82.1       (16.1)      11.7
EDGEN GROUP INC   EDG US             883.8        (0.8)     409.2
EXELIXIS INC      EXELEUR EU         282.9      (146.8)      66.4
EXELIXIS INC      EX9 GR             282.9      (146.8)      66.4
EXELIXIS INC      EX9 TH             282.9      (146.8)      66.4
EXELIXIS INC      EXEL US            282.9      (146.8)      66.4
FENIX PARTS INC   9FP GR               0.9        (1.9)      (1.9)
FENIX PARTS INC   FENX US              0.9        (1.9)      (1.9)
FERRELLGAS-LP     FGP US           1,592.9      (103.4)      23.7
FERRELLGAS-LP     FEG GR           1,592.9      (103.4)      23.7
FREESCALE SEMICO  FSLEUR EU        3,096.0    (3,454.0)   1,174.0
FREESCALE SEMICO  1FS GR           3,096.0    (3,454.0)   1,174.0
FREESCALE SEMICO  FSL US           3,096.0    (3,454.0)   1,174.0
FREESCALE SEMICO  1FS TH           3,096.0    (3,454.0)   1,174.0
GAMING AND LEISU  2GL GR           2,552.5      (125.5)       1.1
GAMING AND LEISU  GLPI US          2,552.5      (125.5)       1.1
GARDA WRLD -CL A  GW CN            1,401.9      (325.2)      39.5
GARTNER INC       IT US            1,789.4      (139.5)    (420.1)
GARTNER INC       GGRA GR          1,789.4      (139.5)    (420.1)
GENESIS HEALTHCA  GEN US           6,031.4      (205.5)     209.3
GENESIS HEALTHCA  SH11 GR          6,031.4      (205.5)     209.3
GENTIVA HEALTH    GHT GR           1,225.2      (285.2)     130.0
GENTIVA HEALTH    GTIV US          1,225.2      (285.2)     130.0
GLAUKOS CORP      6GJ GR              28.3        (4.4)      (4.9)
GLAUKOS CORP      GKOS US             28.3        (4.4)      (4.9)
GLG PARTNERS INC  GLG US             400.0      (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US           400.0      (285.6)     156.9
GOLD RESERVE INC  GRZ CN              17.9       (24.6)     (35.0)
GOLD RESERVE INC  GDRZF US            17.9       (24.6)     (35.0)
GOLD RESERVE INC  GOD GR              17.9       (24.6)     (35.0)
GRAHAM PACKAGING  GRM US           2,947.5      (520.8)     298.5
GREENSHIFT CORP   VD4B GR              1.3       (40.7)     (39.9)
GYMBOREE CORP/TH  GYMB US          1,206.6      (352.8)      30.7
HCA HOLDINGS INC  2BH TH          31,288.0    (6,222.0)   1,958.0
HCA HOLDINGS INC  2BH GR          31,288.0    (6,222.0)   1,958.0
HCA HOLDINGS INC  HCAEUR EU       31,288.0    (6,222.0)   1,958.0
HCA HOLDINGS INC  HCA US          31,288.0    (6,222.0)   1,958.0
HD SUPPLY HOLDIN  5HD GR           6,321.0      (498.0)   1,400.0
HD SUPPLY HOLDIN  HDS US           6,321.0      (498.0)   1,400.0
HERBALIFE LTD     HOO GR           2,388.9      (301.2)     259.3
HERBALIFE LTD     HLF US           2,388.9      (301.2)     259.3
HERBALIFE LTD     HLFEUR EU        2,388.9      (301.2)     259.3
HERBALIFE LTD     HOO QT           2,388.9      (301.2)     259.3
HOVNANIAN-A-WI    HOV-W US         2,517.0      (146.3)   1,516.6
HUGHES TELEMATIC  HUTCU US           110.2      (101.6)    (113.8)
IEG HOLDINGS COR  IEGH US              -          (3.8)      (0.6)
IHEARTMEDIA INC   IHRT US         13,581.9   (10,153.7)     683.9
INCYTE CORP       INCY US            862.6       (41.4)     466.6
INCYTE CORP       ICY GR             862.6       (41.4)     466.6
INCYTE CORP       INCYEUR EU         862.6       (41.4)     466.6
INCYTE CORP       ICY TH             862.6       (41.4)     466.6
INFOR US INC      LWSN US          6,778.1      (460.0)    (305.9)
INVENTIV HEALTH   VTIV US          2,154.4      (613.8)      84.5
IPCS INC          IPCS US            559.2       (33.0)      72.1
ISTA PHARMACEUTI  ISTA US            124.7       (64.8)       2.2
JUST ENERGY GROU  1JE GR           1,297.2      (638.8)     (87.0)
JUST ENERGY GROU  JE CN            1,297.2      (638.8)     (87.0)
JUST ENERGY GROU  JE US            1,297.2      (638.8)     (87.0)
KEMPHARM INC      KMPH US             14.1       (26.1)       6.3
KEMPHARM INC      1GD GR              14.1       (26.1)       6.3
L BRANDS INC      LBEUR EU         6,638.0      (606.0)     927.0
L BRANDS INC      LTD QT           6,638.0      (606.0)     927.0
L BRANDS INC      LTD GR           6,638.0      (606.0)     927.0
L BRANDS INC      LB US            6,638.0      (606.0)     927.0
L BRANDS INC      LB* MM           6,638.0      (606.0)     927.0
L BRANDS INC      LTD TH           6,638.0      (606.0)     927.0
LANTHEUS HOLDING  0L8 GR             248.7      (240.5)      37.4
LANTHEUS HOLDING  LNTH US            248.7      (240.5)      37.4
LEAP WIRELESS     LEAP US          4,662.9      (125.1)     346.9
LEAP WIRELESS     LWI TH           4,662.9      (125.1)     346.9
LEAP WIRELESS     LWI GR           4,662.9      (125.1)     346.9
LEE ENTERPRISES   LEE US             779.6      (165.1)     (20.2)
LENNOX INTL INC   LII US           1,879.5       (16.2)     369.8
LENNOX INTL INC   LXI GR           1,879.5       (16.2)     369.8
LORILLARD INC     LLV GR           4,154.0    (2,134.0)   1,135.0
LORILLARD INC     LLV TH           4,154.0    (2,134.0)   1,135.0
LORILLARD INC     LO US            4,154.0    (2,134.0)   1,135.0
MAJESCOR RESOURC  MJXEUR EU            0.1        (3.2)      (3.2)
MANNKIND CORP     NNF1 GR            360.0       (97.0)    (222.5)
MANNKIND CORP     NNF1 TH            360.0       (97.0)    (222.5)
MANNKIND CORP     MNKDEUR EU         360.0       (97.0)    (222.5)
MANNKIND CORP     MNKD US            360.0       (97.0)    (222.5)
MARRIOTT INTL-A   MAR US           6,803.0    (2,537.0)  (1,202.0)
MARRIOTT INTL-A   MAQ TH           6,803.0    (2,537.0)  (1,202.0)
MARRIOTT INTL-A   MAQ QT           6,803.0    (2,537.0)  (1,202.0)
MARRIOTT INTL-A   MAQ GR           6,803.0    (2,537.0)  (1,202.0)
MCBC HOLDINGS IN  MCFT US             91.6       (44.8)     (38.2)
MDC COMM-W/I      MDZ/W CN         1,640.1      (196.6)    (284.0)
MDC PARTNERS-A    MD7A GR          1,640.1      (196.6)    (284.0)
MDC PARTNERS-A    MDCA US          1,640.1      (196.6)    (284.0)
MDC PARTNERS-A    MDZ/A CN         1,640.1      (196.6)    (284.0)
MDC PARTNERS-EXC  MDZ/N CN         1,640.1      (196.6)    (284.0)
MERITOR INC       AID1 GR          2,317.0      (570.0)     268.0
MERITOR INC       MTOR US          2,317.0      (570.0)     268.0
MERRIMACK PHARMA  MP6 GR             127.0      (128.8)      (4.4)
MERRIMACK PHARMA  MACK US            127.0      (128.8)      (4.4)
MICHAELS COS INC  MIM GR           1,922.7    (2,031.3)     471.7
MICHAELS COS INC  MIK US           1,922.7    (2,031.3)     471.7
MONEYGRAM INTERN  MGI US           4,578.9      (261.8)     (45.4)
MOODY'S CORP      DUT TH           4,976.0      (146.2)   1,901.1
MOODY'S CORP      MCO US           4,976.0      (146.2)   1,901.1
MOODY'S CORP      DUT GR           4,976.0      (146.2)   1,901.1
MOODY'S CORP      MCOEUR EU        4,976.0      (146.2)   1,901.1
MOODY'S CORP      DUT QT           4,976.0      (146.2)   1,901.1
MORGANS HOTEL GR  MHGC US            532.4      (246.2)      31.0
MORGANS HOTEL GR  M1U GR             532.4      (246.2)      31.0
MOXIAN CHINA INC  MOXC US              9.5        (6.4)     (13.7)
MPG OFFICE TRUST  1052394D US      1,280.0      (437.3)       -
NATIONAL CINEMED  NCMI US            985.6      (219.8)      63.5
NATIONAL CINEMED  XWM GR             985.6      (219.8)      63.5
NAVISTAR INTL     NAV US           6,925.0    (4,744.0)     770.0
NAVISTAR INTL     IHR TH           6,925.0    (4,744.0)     770.0
NAVISTAR INTL     IHR GR           6,925.0    (4,744.0)     770.0
NEFF CORP-CL A    NEFF US            634.4      (202.7)     (12.8)
NEW ENG RLTY-LP   NEN US             175.7       (29.1)       -
NII HOLDINGS INC  NIHD US          4,897.0    (2,504.0)     (68.7)
NII HOLDINGS INC  NJJA GR          4,897.0    (2,504.0)     (68.7)
NORTHWEST BIO     NWBO US             49.4       (70.7)     (86.3)
NORTHWEST BIO     NBYA GR             49.4       (70.7)     (86.3)
OCATA THERAPEUTI  OCAT US              4.9        (2.1)      (0.3)
OCATA THERAPEUTI  T2N1 GR              4.9        (2.1)      (0.3)
OMTHERA PHARMACE  OMTH US             18.3        (8.5)     (12.0)
OOMA INC          OOMA US             33.9        (8.3)      (6.0)
PALM INC          PALM US          1,007.2        (6.2)     141.7
PBF LOGISTICS LP  11P GR             402.3      (112.0)      30.1
PBF LOGISTICS LP  PBFX US            402.3      (112.0)      30.1
PHILIP MORRIS IN  PMI SW          32,713.0   (11,798.0)  (1,614.0)
PHILIP MORRIS IN  4I1 TH          32,713.0   (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM FP           32,713.0   (11,798.0)  (1,614.0)
PHILIP MORRIS IN  4I1 QT          32,713.0   (11,798.0)  (1,614.0)
PHILIP MORRIS IN  4I1 GR          32,713.0   (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM US           32,713.0   (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM1CHF EU       32,713.0   (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM1EUR EU       32,713.0   (11,798.0)  (1,614.0)
PHILIP MORRIS IN  PM1 TE          32,713.0   (11,798.0)  (1,614.0)
PLAYBOY ENTERP-A  PLA/A US           165.8       (54.4)     (16.9)
PLAYBOY ENTERP-B  PLA US             165.8       (54.4)     (16.9)
PLY GEM HOLDINGS  PGEM US          1,231.9      (150.1)     241.4
PLY GEM HOLDINGS  PG6 GR           1,231.9      (150.1)     241.4
POLYMER GROUP-B   POLGB US         1,901.8       (12.6)     315.2
PROTALEX INC      PRTX US              1.0       (12.6)       0.4
PROTECTION ONE    PONE US            562.9       (61.8)      (7.6)
PURETECH HEALTH   PRTCGBX EU           -           -          -
PURETECH HEALTH   PRTC LN              -           -          -
QUALITY DISTRIBU  QLTY US            417.9       (26.9)     110.6
QUALITY DISTRIBU  QDZ GR             417.9       (26.9)     110.6
QUINTILES TRANSN  QTS GR           3,236.7      (612.3)     778.1
QUINTILES TRANSN  Q US             3,236.7      (612.3)     778.1
RAPID7 INC        RPD US              79.4       (42.0)     (14.6)
RAYONIER ADV      RYQ GR           1,281.8       (52.6)     179.2
RAYONIER ADV      RYAM US          1,281.8       (52.6)     179.2
RE/MAX HOLDINGS   2RM GR             362.5        (0.2)      41.0
RE/MAX HOLDINGS   RMAX US            362.5        (0.2)      41.0
REGAL ENTERTAI-A  RGC* MM          2,484.4      (911.5)    (118.6)
REGAL ENTERTAI-A  RETA GR          2,484.4      (911.5)    (118.6)
REGAL ENTERTAI-A  RGC US           2,484.4      (911.5)    (118.6)
RENAISSANCE LEA   RLRN US             57.0       (28.2)     (31.4)
RENTPATH INC      PRM US             208.0       (91.7)       3.6
REVLON INC-A      RVL1 GR          1,873.7      (658.9)     315.1
REVLON INC-A      REV US           1,873.7      (658.9)     315.1
ROUNDY'S INC      RNDY US          1,112.5       (87.0)      80.0
RURAL/METRO CORP  RURL US            303.7       (92.1)      72.4
RYERSON HOLDING   7RY GR           1,903.2      (135.0)     706.3
RYERSON HOLDING   RYI US           1,903.2      (135.0)     706.3
SALLY BEAUTY HOL  S7V GR           2,134.9      (261.0)     766.9
SALLY BEAUTY HOL  SBH US           2,134.9      (261.0)     766.9
SBA COMM CORP-A   SBAC US          7,527.3    (1,036.8)      38.5
SBA COMM CORP-A   SBJ GR           7,527.3    (1,036.8)      38.5
SBA COMM CORP-A   SBACEUR EU       7,527.3    (1,036.8)      38.5
SBA COMM CORP-A   SBJ QT           7,527.3    (1,036.8)      38.5
SBA COMM CORP-A   SBJ TH           7,527.3    (1,036.8)      38.5
SCIENTIFIC GAM-A  TJW GR           9,703.4      (189.4)     686.9
SCIENTIFIC GAM-A  SGMS US          9,703.4      (189.4)     686.9
SEARS HOLDINGS    SEE TH          13,290.0    (1,182.0)      24.0
SEARS HOLDINGS    SEE QT          13,290.0    (1,182.0)      24.0
SEARS HOLDINGS    SEE GR          13,290.0    (1,182.0)      24.0
SEARS HOLDINGS    SHLD US         13,290.0    (1,182.0)      24.0
SEQUENOM INC      SQNM US            145.5       (15.1)      84.4
SILVER SPRING NE  SSNI US            528.2       (94.3)     (10.2)
SILVER SPRING NE  9SI GR             528.2       (94.3)     (10.2)
SILVER SPRING NE  9SI TH             528.2       (94.3)     (10.2)
SIRIUS XM CANADA  SIICF US           297.1      (132.8)    (177.9)
SIRIUS XM CANADA  XSR CN             297.1      (132.8)    (177.9)
SPORTSMAN'S WARE  06S GR             305.8       (32.8)      77.8
SPORTSMAN'S WARE  SPWH US            305.8       (32.8)      77.8
STINGRAY - SUB V  RAY/A CN           128.2       (17.8)     (41.0)
STINGRAY DIG-VSV  RAY/B CN           128.2       (17.8)     (41.0)
SUPERVALU INC     SJ1 GR           4,485.0      (636.0)     167.0
SUPERVALU INC     SJ1 TH           4,485.0      (636.0)     167.0
SUPERVALU INC     SVU US           4,485.0      (636.0)     167.0
SYNERGY PHARMACE  SGYP US            194.8       (24.7)     163.1
SYNERGY PHARMACE  S90 GR             194.8       (24.7)     163.1
SYNERGY PHARMACE  SGYPEUR EU         194.8       (24.7)     163.1
SYNTHETIC BIOLOG  SYN US              13.7        (1.6)      (1.7)
SYNTHETIC BIOLOG  SFYB TH             13.7        (1.6)      (1.7)
THERAVANCE        THRX US            488.7      (260.1)     251.4
THERAVANCE        HVE GR             488.7      (260.1)     251.4
THRESHOLD PHARMA  NZW1 GR             88.0       (19.9)      53.1
THRESHOLD PHARMA  THLD US             88.0       (19.9)      53.1
TRANSDIGM GROUP   TDG US           7,226.2    (1,326.2)     853.8
TRANSDIGM GROUP   T7D GR           7,226.2    (1,326.2)     853.8
TRINET GROUP INC  TNET US          1,620.2       (15.1)      15.2
TRINET GROUP INC  TN3 GR           1,620.2       (15.1)      15.2
TRINET GROUP INC  TNETEUR EU       1,620.2       (15.1)      15.2
TRINET GROUP INC  TN3 TH           1,620.2       (15.1)      15.2
UNISYS CORP       UISCHF EU        2,131.5    (1,421.3)     242.8
UNISYS CORP       UISEUR EU        2,131.5    (1,421.3)     242.8
UNISYS CORP       UIS1 SW          2,131.5    (1,421.3)     242.8
UNISYS CORP       UIS US           2,131.5    (1,421.3)     242.8
UNISYS CORP       USY1 TH          2,131.5    (1,421.3)     242.8
UNISYS CORP       USY1 GR          2,131.5    (1,421.3)     242.8
VENOCO INC        VQ US              596.0       (31.1)      52.2
VERISIGN INC      VRS GR           2,607.7      (947.9)      17.8
VERISIGN INC      VRS TH           2,607.7      (947.9)      17.8
VERISIGN INC      VRSN US          2,607.7      (947.9)      17.8
VERIZON TELEMATI  HUTC US            110.2      (101.6)    (113.8)
VERSEON CORP      VSN LN               -           -          -
VIRGIN MOBILE-A   VM US              307.4      (244.2)    (138.3)
WEIGHT WATCHERS   WTWEUR EU        1,446.4    (1,385.2)    (260.9)
WEIGHT WATCHERS   WW6 TH           1,446.4    (1,385.2)    (260.9)
WEIGHT WATCHERS   WW6 GR           1,446.4    (1,385.2)    (260.9)
WEIGHT WATCHERS   WTW US           1,446.4    (1,385.2)    (260.9)
WEST CORP         WSTC US          3,546.2      (647.7)     247.3
WEST CORP         WT2 GR           3,546.2      (647.7)     247.3
WESTERN REFINING  WR2 GR             434.0       (27.4)      71.5
WESTERN REFINING  WNRL US            434.0       (27.4)      71.5
WESTMORELAND COA  WME GR           1,829.7      (388.7)      59.0
WESTMORELAND COA  WLB US           1,829.7      (388.7)      59.0
WINGSTOP INC      EWG GR             114.1       (54.0)      (4.6)
WINGSTOP INC      WING US            114.1       (54.0)      (4.6)
WINMARK CORP      GBZ GR              45.3       (41.5)      11.5
WINMARK CORP      WINA US             45.3       (41.5)      11.5
WYNN RESORTS LTD  WYNN* MM         9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD  WYNN US          9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD  WYR TH           9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD  WYR GR           9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD  WYNNCHF EU       9,151.7      (147.2)   1,135.3
WYNN RESORTS LTD  WYNN SW          9,151.7      (147.2)   1,135.3
XACTLY CORP       XTLY US             52.7       (25.4)      (6.8)
XACTLY CORP       XT4Y GR             52.7       (25.4)      (6.8)
XERIUM TECHNOLOG  XRM US             561.0      (102.9)      81.5
XERIUM TECHNOLOG  TXRN GR            561.0      (102.9)      81.5
XOMA CORP         XOMA GR             78.1       (13.4)      46.2
XOMA CORP         XOMA TH             78.1       (13.4)      46.2
XOMA CORP         XOMA US             78.1       (13.4)      46.2
YRC WORLDWIDE IN  YRCW US          1,966.2      (479.7)     148.7
YRC WORLDWIDE IN  YEL1 GR          1,966.2      (479.7)     148.7
YRC WORLDWIDE IN  YEL1 TH          1,966.2      (479.7)     148.7


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***