TCR_Public/150928.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, September 28, 2015, Vol. 19, No. 271

                            Headlines

2477 ARTHUR AVENUE: Voluntary Chapter 11 Case Summary
8 MILE RANCH: Compliance With Chapter 11 Plan Ordered
AFA INVESTMENT: Wins Summary Judgment in Suit vs. Trade Source
AFFIRMATIVE INSURANCE: BDO USA Quits as Auditors
ALLIED SECURITY: Moody's Assigns B3 Corporate Family Rating

ALPHA NATURAL: 341 Meeting Adjourned to Oct. 6
ALPHA NATURAL: Moody's Assigns B1 Rating to $300MM DIP Term Loan
AMERICAN APPAREL: Receives Non-Compliance Notice from NYSE
AMPLIPHI BIOSCIENCES: Grants Options to Outside Directors
AOXING PHARMACEUTICAL: Selling $3 Million Worth of Securities

API INC: Insurance Counsel's Suit Remanded to State Court
APOLLO MEDICAL: CFO Mitch Creem Resigns to be Integrity CEO
ARCH COAL: Extends Private Debt Exchange Offers and Support Pact
ASSOCIATED MATERIALS: Moody's Cuts CFR to Caa3 on Poor Liquidity
ATLANTIC & PACIFIC: Court Approves Key Employee Retention Program

AUBURN TRACE: City of Delray Beach Granted Automatic Stay Relief
AUBURN TRACE: Court Extends Cash Collateral Use Until Nov.17
BERRY PLASTICS: Moody's Keeps B1 CFR Amid Changes in Financing
BEVERAGES & MORE: S&P Raises Rating on $180MM Notes to 'B-'
BG MEDICINE: Timothy Harris Resigns as Director

BIRMINGHAM COAL: Bankr. Administrator Wants Case Converted to Ch. 7
BIRMINGHAM COAL: Has Until Feb. 8 to Use Cash Collateral
BIRMINGHAM COAL: Wants Exclusive Periods Extended
BIRMINGHAM COAL: Wants Until Dec. 23 to Assume or Reject Leases
BON-TON STORES: Gabelli Funds, Et Al., Report 9.7% Equity Stake

BOOMERANG SYSTEMS: US Trustee Appoints HERE Lawrence to Committee
BOOMERANG SYSTEMS: UST Wants 341 Meeting Continued to Oct. 9
BOREAL WATER: Terry Johnson Performed Deficient Audits, Order Says
BROOKE CORPORATION: Ch. 7 Trustee's Clawback Suit vs. CJD Denied
CABLEVISION SYSTEMS: Neptune Finco Gets Moody's "B1" CFR

CABLEVISION SYSTEMS: S&P Keeps 'BB-' CCR on CreditWatch Negative
CAESARS ENTERTAINMENT: Examiner Questions Duplicative, Pricey Fees
CALMARE THERAPEUTICS: Appoints Amato as Chief Medical Officer
CANADIAN SOLAR: Moody's Assigns Ba2 Corporate Family Rating
CANCER GENETICS: Gives Corporate Presentation to Investors

CASPIAN SERVICES: WSRP Replaces Haynie & Company as Auditors
CHARDON LLC: Bid to Employ Neal Wolf as Bankr. Counsel Granted
CLINTON COUNTY: Application to Employ FBT as Special Atty. Denied
COCRYSTAL PHARMA: Appoints Jeffrey Meckler Permanent CEO
COL-G FITNESS: Case Summary & 20 Largest Unsecured Creditors

CORINTHIAN COLLEGES: Amended Liquidation Plan Declared Effective
CROSSFOOT ENERGY: Can Hire John Boylan as CRO
CROWN CASTLE: S&P Puts 'BB+' CCR on CreditWatch Positive
CTI BIOPHARMA: Has $15.7 Million Registered Direct Offering
CTI BIOPHARMA: Shareholders Elect Six Directors at Annual Meeting

DALLAS PROTON: Kelcy Warren Wants Chapter 11 Trustee Named
DETROIT, MI: Ex-Treasurer Gets 11-yr Prison for Pension Kickbacks
DIGICERT INC: Merger Co. Gets Moody's B3 Corporate Family Rating
DIGICERT INC: S&P Assigns 'B-' CCR; Outlook Stable
DUNE ENERGY: First Lien Agent, Committee Have 3rd Seat Nominees

DUNE ENERGY: Plan Confirmation Objections Resolved, Overruled
DUNE ENERGY: Wins Confirmation of Ch. 11 Payout Plan
EAGLE INC: Files List of 20 Largest Law Firms in Lieu of Creditors
EAGLE INC: Hires Epiq as Claims and Noticing Agent
EAGLE INC: Proposes to Pay $12,500/Month to President

ELBIT IMAGING: Motion to Approve Derivative Claim Filed
ELIZABETH ARDEN: S&P Lowers CCR to 'CCC+'; Outlook Negative
ENERGY FUTURE: Asks Court to Reject Dallas Water Rights Deal
ENESCO GROUP: Court Allows Ch. 7 Trustee to Enforce Deal with USA
F&H ACQUISITION: Seeks Dec. 31, 2015 Extension of Removal Deadline

F-SQUARED INVESTMENT: Amendment No. 2 on Broadmeadow APA Filed
F-SQUARED INVESTMENT: GP Seeks Dissolution of Hedge Fund
F-SQUARED INVESTMENT: Seeks $25K Sale of Furniture to Grove Street
FILMED ENTERTAINMENT: Proposes Oct. 16 Auction for Assets
FIRST DATA: Signs New Employment Agreement with CEO

FORESIGHT ENERGY: Moody's Affirms B2 Corporate Family Rating
FOREST PARK MEDICAL: Designates Michael Miller as CRO
FOREST PARK MEDICAL: Gets Interim OK for $18.5M DIP Financing
FOREST PARK MEDICAL: To Keep Patient Details Confidential
FOUR OAKS: Appoints Chief Financial Officer

GENIUS BRANDS: Launches Baby Genius Brand
GEROVA FINANCIAL: SEC Charges Six in Stock Fraud Scheme
GORDON PROPERTIES: Bid to Seal FOA Members' Letters Partially OK'd
GRAHAM GULF: Owner Agrees to Provide $1-Mil. DIP Financing
GRAHAM GULF: Proposes to Pay $2 Million Critical Vendor Claims

GRAHAM GULF: Wants to Employ Helmsing Leach as Attorneys
GRAINGER FARMS: Bankruptcy Court Approves $11.3M Sale of Assets
GRASS VALLEY: GW Green Objects to Bid for Turnover Property
GRASS VALLEY: Needs Until Jan. 10 to File Plan
GREENWICH CAPITAL 2005-GG5: Moody's Ups Cl. A-J Debt Rating to Ba1

GREYSTONE LOGISTICS: Reports Audited Results for Corporate Yearend
HAGGEN HOLDINGS: Plans to Exit Pacific Southwest Market in 60 Days
HDGM ADVISORY: Needs Until Dec. 27 to Solicit Plan Acceptances
HEI INC: Court Confirms Plan of Liquidation
HERCULES OFFSHORE: Alvarez & Marsal Approved as Financial Advisor

HERCULES OFFSHORE: Lazard Freres Approved as Investment Banker
HERCULES OFFSHORE: Prime Clerk Approved as Administrative Advisor
HERCULES OFFSHORE: Wins Confirmation of $1.2BB Debt-for-Equity Plan
HII TECHNOLOGIES: Files for Chapter 11 to Auction Off Assets
HII TECHNOLOGIES: Has $12M DIP Agreement with MCP & Heartland

HII TECHNOLOGIES: Seeks Joint Administration of Bankruptcy Cases
HYDROCARB ENERGY: Kent Watts Reports 23.5% Equity Stake
IDERA INC: Moody's Assigned B3 Corporate Family Rating
IDERA INC: S&P Assigns 'B' CCR & Rates $325MM Facility 'B'
INTERNATIONAL SUPPLY: Case Summary & 20 Top Unsecured Creditors

IRON MOUNTAIN: Moody's Affirms Ba3 Corporate Family Rating
IRON MOUNTAIN: S&P Affirms 'B+' CCR; Outlook Positive
KU6 MEDIA: Annual Meeting Set for October 29
LIFE PARTNERS: Seeks to Enter FIFC Premium Finance Agreement
LIFE PARTNERS: Trustee Has Plan, Seeks to Use Maturity Funds

LM US MEMBER: S&P Puts 'B-' CCR on CreditWatch Positive
MALIBU ASSOCIATES: Selling Malibu Country Club For At Least $35M
MATTRESS FIRM: S&P Raises CCR to 'B+'; Outlook Stable
MUELLER & DRURY: Case Summary & 5 Largest Unsecured Creditors
MURRAY ENERGY: Moody's Cuts Corp. Rating to B3 on Coal Price Plunge

NAKED BRAND: Amends Form S-1 Prospectus with SEC
NRG YIELD: Moody's Puts Ba1 CFR on Review for Downgrade
NY MILITARY ACADEMY: Faces Possible Shutting its Doors for Good
PEABODY ENERGY: Lenders to Hire Davis Polk for Debt Discussions
PERFORMANCE FOOD: S&P Raises CCR to 'B+'; Outlook Stable

PHYSIOTHERAPY HOLDINGS: Trust Hits Ex-Owners With $250M Fraud Suit
PLANDAI BIOTECHNOLOGY: Cutler Is New Auditor After Adams Quit
PORTER BANCORP: Appoints Two New Board Members
PORTER BANCORP: Shareholders Approve Bylaws Amendment
PRINCE PREFERRED: Citizens Bank Awarded $2.7-Mil.

RELATIVITY MEDIA: Trustee Balks at Bonus Plans for Sr. Employees
RMW SILVER HILL: Case Summary & Largest Unsecured Creditor
ROTONDO WEIRICH: Court OKs Cash Collateral Use Up to Oct. 16
SALADWORKS LLC: Judge Sends Former Owners' Dispute to Mediation
SALADWORKS LLC: Seeks to Remove Actions Until December 14

SARATOGA RESOURCES: Equity Committee Wants to File Rival Plan
SARATOGA RESOURCES: Wants More Time to File Plan, Negotiate
SCI ENGINEERING: Case Summary & 9 Largest Unsecured Creditors
SEANERGY MARITIME: Reports Financial Results for Second Quarter
SENTINEL MANAGEMENT: CFTC Seeks Lifetime Band for Ex-CEO

SEQUENOM INC: Dr. van den Boom Promoted to Interim President & CEO
SITEONE LANDSCAPE: S&P Assigns 'B' CCR & Rates $350MM Loan 'B'
SMF ENERGY: Materially Overstated Financials, SEC Says
SOUNDVIEW ELITE: Trustee, Fletcher Agree to Extend Bar Date
SUNTECH AMERICA: Has Until Dec. 9 to Remove Civil Actions

SUPERIOR OFFSHORE: Former CFO's Suit vs. XL Remanded
TRANEN CAPITAL: Chapter 15 Case Summary
VIRTUAL PIGGY: Issues $125,000 Unsecured Note
WAFERGEN BIO-SYSTEMS: Amends 2,000 Class A Units Prospectus
WALTER ENERGY: Bankruptcy Administrator Wants Fee Examiner

XZERES CORP: Paul DeBruce Increases Stake to 28.5%
XZERES CORP: Ravago Holdings Reports 19.9% Stake as of Sept. 22
YRC WORLDWIDE: Amends Credit Agreements with Credit Suisse & RBS
ZACHRY HOLDINGS: Moody's Affirms B1 Corporate Family Rating
[*] Gaming Industry Continues to Face Challenges, Fitch Says

[*] GAO Report Tackles Atty. Fee Guidelines, Venue for Large Cases
[*] Iron Horse to Conduct Bankruptcy Auction Assets Until Oct. 19
[^] BOND PRICING: For the Week from Sept. 21 to 25, 2015

                            *********

2477 ARTHUR AVENUE: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: 2477 Arthur Avenue Realty Corp.
        61 Broadway, Suite 2500
        2477 Arthur Avenue
        Bronx, NY 10458

Case No.: 15-12619

Nature of Business: Single Asset Realty

Chapter 11 Petition Date: September 24, 2015

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

Judge: Hon. Sean H. Lane

Debtor's Counsel: Raymond J. Aab, Esq.
                  61 Broadway, Suite 2500
                  New York, NY 10006
                  Tel: (917) 551-1300
                  Fax: (917) 551-0030
                  Email: rja120@msn.com

Total Assets: $1 million

Total Liabilities: $670,000

The petition was signed by Elizabeth Kajtazi, president.

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

A copy of the petition is available for free at:

            http://bankrupt.com/misc/nysb15-12619.pdf


8 MILE RANCH: Compliance With Chapter 11 Plan Ordered
-----------------------------------------------------
Judge Karen S. Jennemann of the United States Bankruptcy Court for
the Middle District of Florida granted the Machado Creditors'
motion to compel 8 Mile Ranch, LLC's compliance with its Chapter 11
Plan and the order confirming the plan.

The Machado Creditors seek to compel the Debtor to transfer about
1,300 acres of real property to the Machado Creditors as offered in
the Chapter 11 Plan and as directed in the Confirmation Order.  The
Debtor objected to the transfer of only a portion of the property,
roughly 160 acres.

The Debtor argued that there were errors in the legal description
of the real property subject of the Chapter 11 Plan and
Confirmation Order.  The Debtor presented others arguments, which
the Court rejected.

The bankruptcy case is In re 8 MILE RANCH, LLC., Chapter 11 Debtor,
CASE NO. 6:12-BK-10227-KSJ (Bankr. M.D. Fla.).

A full-text copy of the Memorandum Opinion dated September 10,
2015, is available at http://is.gd/0qoRrJfrom Leagle.com.

The Debtor is represented by:

         Richard B Webber II, Esq.
         ZIMMERMAN KISER & SUTCLIFFE PA
         Landmark Center One
         Suite 600, 315 East Robinson Street
         P.O. Box 3000
         Orlando, FL 32801
         Phone: 407-425-7010 x132
         Fax: 407-425-2747
         Email: rwebber@zkslawfirm.com

The U.S. Trustee is represented by Miriam G Suarez, Esq., Office of
the United States Trustee.

St. Cloud, Florida-based 8 Mile Ranch, LLC, sought protection under
Chapter 11 of the Bankruptcy Code on July 27, 2012 (Bankr. M.D.
Fla., Case No. 12-10227).  The Debtor's counsel is Richard B.
Webber, II, Esq., at Zimmerman Kiser & Sutcliffe PA, in Orlando,
Florida.


AFA INVESTMENT: Wins Summary Judgment in Suit vs. Trade Source
--------------------------------------------------------------
AFA Investment, Inc., et al., were once one of the largest ground
beef processing operations in the United States.  On August 1,
2011, one of the Debtors, AFA Foods, Inc., executed a
sales-brokerage agreement with Trade Source underwhich Trade Source
agreed to sell the Debtors' food products in exchange for
commissions.  The Brokerage Agreement also provided for Trade
Source to receive monthly "retainers" in the amount of $8,333.

Following the confirmation of the Debtors' joint plan of
reorganization, the Debtors filed a preference complaint seeking to
avoid and recover a $24,999 payment made by AFA Foods to Trade
Source by check dated February 23, 2012.  On April 17, 2015, the
Debtors filed a Motion for Summary Judgment.

Judge Mary F. Walrath of the United States Bankruptcy Court for the
District of Delaware denied the Debtors' motion for summary
judgment, finding that there are issues of material fact with
respect to whether or not the challenged transfer was made on
account of an antecedent debt.

The adversary proceeding is AFA INVESTMENT INC., et al., Plaintiff,
v. TRADE SOURCE, INC., Defendant, Adv. No. 14-50185(MFW)(Bankr. D.
Del.).

The bankruptcy case is In re: AFA INVESTMENT INC., et al., Chapter
11, Debtors, Case No. 12-11127, Jointly Administered (Bankr. D.
Del.).

A full-text copy of Judge Walrath's memorandum opinion dated
September 14, 2015 is available at http://is.gd/jwKMCtfrom
Leagle.com.

Plaintiff is represented by:

         Peter J Keane, Esq.
         PACHULSKI STANG YOUNG & JONES LLP
         919 North Market Street, 17th Floor
         Wilmington, DE 19801
         Tel: 302.652.4100
         Fax: 302.652.4400
         Email: pkeane@pszjlaw.com

            -- and --

         Julia B. Klein, Esq.
         Scott J. Leonhardt, Esq.
         THE ROSNER LAW GROUP LLC
         824 N. Market Street, Suite 810
         Wilmington, DE 19801
         Phone: 302-777-1111
         Email: klein@teamrosner.com
                leonhardt@teamrosner.com

            -- and --

         Joseph L. Steinfeld Jr., Esq.
         ASK LLP
         2600 Eagan Woods Drive, Suite 400
         St. Paul, MN 55121
         Tel: 651-406-9665
         Fax: 651-406-9676
         Email: jsteinfeld@askllp.com

Defendant is represented by:

         Ronald L. Daugherty, Esq.
         Salmon Ricchezza, Esq.
         SINGER & TURCHI, LLP
         222 Delaware Avenue
         11th Floor
         Wilmington, DE 19801
         Tel: 302-655-4290
         Fax: 302-655-4291

Ian Connor Bifferato, Mediator, may be reached at:

         Ian Connor Bifferato, Esq.
         BIFFERATO LLC
         800 N. King Street
         P.O. Box 2165
         Wilmington, DE 19899-2165
         
Phone: 302-429-0907
         Fax: 302-792-7470
         Email: cbifferato@bifferato.com

                           About AFA Foods

King of Prussia, Pennsylvania-based AFA Foods Inc. was one of the
largest processors of ground beef products in the United States.
AFA had seven facilities capable of producing 800 million pound of
ground beef annually.  Revenue in 2011 was $958 million.

Yucaipa Cos. acquired the business in 2008 and currently owns 92%
of the common stock and all of the preferred stock.

AFA Foods, AFA Investment Inc. and other affiliates filed for
Chapter 11 protection (Bankr. D. Del. Lead Case No. 12-11127) on
April 2, 2012, after recent changes in the market for its ground
beef products and the impact of negative media coverage related to
boneless lean beef trimmings (BLBT) affected sales.

Judge Mary Walrath presides over the case.  Laura Davis Jones,
Esq., Timothy P. Cairns, Esq., and Peter J. Keane, Esq., at
Pachulski Stang Ziehl & Jones LLP, in Wilmington, Delaware; Tobias
S. Keller, Esq., at Jones Day, in San Francisco; and Jeffrey B.
Ellman, Esq., and Brett J. Berlin, Esq., at Jones Day, in Atlanta,
Georgia, represent the Debtors.  FTI Consulting Inc. serves as the
Debtors' financial advisors and Imperial Capital LLC serves as
marketing consultants.  Kurtzman Carson Consultants LLC serves as
noticing and claims agent.

As of Feb. 29, 2012, the Debtors' books and records on a
consolidated basis, reflected approximately $219 million in assets
and $197 million in liabilities.  AFA Foods, Inc., disclosed
$615,859,574 in assets and $544,499,689 in liabilities as of the
Petition Date.

Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven
members to the official committee of unsecured creditors in the
Debtors' cases.  The Committee has obtained approval to hire
McDonald Hopkins LLC as lead counsel and Potter Anderson & Corroon
LLP serves as co-counsel.  The Committee also obtained approval to
retain J.H. Cohn LLP as its financial advisor.

AFA, in its Chapter 11 case, sold plants and paid off the first-
lien lenders and the loan financing the Chapter 11 effort.
Remaining assets are $14 million cash and the right to file
lawsuits.

General Electric Capital Corp. and Bank of America Corp. provided
about $60 million in DIP financing.  The loan was paid off in
July 2012.

In October 2012, the Bankruptcy Court denied a settlement that
would have released Yucaipa Cos., the owner and junior lender to
AFA Foods, from claims and lawsuits the creditors might otherwise
bring, in exchange for cash to pay unsecured creditors' claims
under a liquidating Chapter 11 plan.  Under the deal, Yucaipa
would have received $11.2 million from the $14 million, with the
remainder earmarked for unsecured creditors.  Asset recoveries
above $14 million would be split with Yucaipa receiving 90% and
creditors 10%.  Proceeds from lawsuits would be divided roughly
50-50.

In April 2014, the Debtors notified the Bankruptcy Court that
their First Amended Joint Chapter 11 Plan of Liquidation dated
Jan. 14, 2014, became effective on April 16.

On March 7, 2014, the Court confirmed the Debtors' Amended
Liquidation plan after it approved the adequacy of the Debtors'
disclosure statement explaining their plan on the same date.
The Debtors' plan facilitates the continued liquidation and
distribution of their remaining assets and the wind down of their
estates, consistent with the global settlement previously approved
by the Court.  They believe the plan provides the best recoveries
possible for those holders of allowed claims anticipated to
receive distributions under the plan, according to the Debtors.


AFFIRMATIVE INSURANCE: BDO USA Quits as Auditors
------------------------------------------------
BDO USA LLP (BDO), Affirmative Insurance Holdings, Inc.'s
independent registered public accounting firm, informed the Company
that it was resigning effective Sept. 18, 2015.

Since it was engaged on July 15, 2015, BDO did not issue any
reports on the Company's consolidated financial statements during
its tenure as the Company's independent registered public
accounting firm.

                    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.



ALLIED SECURITY: Moody's Assigns B3 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
(CFR) and a B3-PD Probability of Default Rating (PDR) to Allied
Security Holdings LLC ("Allied") following the company's announced
sale to Wendel Group. At the same time, Moody's confirmed its B1
rating on the company's existing senior secured credit facilities
consisting of a $695 million 1st lien term loan due 2021 (including
a proposed $84 million add-on) and an existing $81 million 1st lien
revolving credit facility due 2019. Additionally, Moody's
downgraded the company's $295 million 2nd lien credit facility due
2021 (including a proposed $30 million add-on) to Caa2 from Caa1.
The rating outlook is stable.

This rating action concludes the review for downgrade initiated on
July 10, 2015 following Wendel Group's ("Wendel") announcement of
the acquisition of Allied. Proceeds from the proposed add-on credit
facilities, together with equity from Wendel, are expected to be
used to acquire the company. Upon the close of the transaction, the
existing debt structure will remain at Allied Security Holdings
LLC.

According to Moody's analyst David Berge, "Since the last dividend
recap in 2014, Allied has not reduced debt. The incremental debt
related to the Wendel transaction further increases Allied's
leverage, and casts doubt as to Allied's willingness to improve
leverage materially over the next year or two."

The following ratings have been assigned to Allied Security
Holdings LLC (new) (subject to the review of final documentation):

B3 Corporate Family Rating;

B3-PD Probability of Default Rating

The following ratings are downgraded:

Caa2 (LGD5) on the $295 million 2nd Lien Term Loan due 2021
downgraded from Caa1

The following ratings are confirmed:

B1 (LGD3) on the $695 million 1st Lien Term Loan due 2021; and

B1 (LGD3) on the $81 million 1st Lien Revolving Credit Facility due
2019; and

The rating outlook is changed to stable from under review

The ratings at the old entity excluding the assumed debt will be
withdrawn upon close of the transaction.

RATINGS RATIONALE

The B3 rating reflects Allied's high leverage, modest margins that
are typical for the industry, revenue concentration in North
America, and limited scope of service offerings in the highly
competitive security services industry. Upon the close of the
proposed transaction, Moody's estimates Allied's pro forma leverage
will be high at approximately 6.8 times debt-to-EBITDA (Moody's
adjusted, primarily for operating leases, non-recurring class
action lawsuit settlements, and transaction expenses). On
relatively thin operating margins that are typical in the business
staffing services industry, Allied's cash flow generation relative
to debt is modest, with retained cash flow-to-debt (Moody's
adjusted) estimated at nearly 7%.

Leverage is expected to improve gradually through 2016, primarily
through modest earnings growth as well as, to a lesser extent,
application of free cash flow towards debt reduction. However,
Moody's believes that the company would need to take more
meaningful debt reduction measures over this period to restore
leverage at levels that would support higher ratings.

Nonetheless, the ratings benefit from Allied's size and market
status as a top player in a recession resistant industry. The
predictable demand associated with the contract security industry
and the company's longstanding relationships with a large, diverse
client base further bolsters the ratings. Moody's expects the
company to maintain a good liquidity profile supported by stable
free cash flow generation and ample access to the company's $81
million revolving credit facility.

The stable outlook reflects Moody's expectation that the company
will generate positive free cash flow that may be used for small
bolt-on acquisitions and to cover dividends to owners. Moody's
expects leverage will gradually improve to 6 times debt-to-EBITDA
(Moody's adjusted) during the next 12 to 18 months through earnings
growth.

The ratings could be downgraded if the company encounters
difficulty meeting revenue growth targets or if operating margins
decline, resulting in deteriorating liquidity and negative free
cash flow. In addition, any material shareholder return or a
sizeable debt financed acquisition could result in a downgrade.
Prolonged weak credit metrics, such as debt to EBITDA sustained
above 7.0 times or retained cash flow to debt below 5%, could also
prompt lower rating consideration.

The ratings could be upgraded if Allied experiences steady revenue
growth at healthy margins. Higher ratings would require the company
to de-lever, such that debt to EBITDA is sustained below 6.0 times
and for retained cash flow to debt approaching 10%.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014. Please see
the Credit Policy page on www.moodys.com for a copy of these
methodologies.

Allied Security Holdings LLC ("Allied", d.b.a. AlliedBarton),
headquartered in Conshohocken, Pennsylvania, is a leading provider
of security services in North America serving approximately 3,400
customers across a variety of end markets. Allied reported
approximately $2.2 billion of revenue for the twelve months ended
June 30, 2015. Allied is currently in the process of being
purchased by Wendel Group for approximately $1.7 billion. The
transaction is expected to close by the end of 2015.



ALPHA NATURAL: 341 Meeting Adjourned to Oct. 6
----------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Alpha Natural
Resources Inc. adjourned the meeting of creditors to Oct. 6, 2015,
at 2:00 p.m.

The meeting will take place at the Office of the U.S. Trustee,
Suite 4300, 701 East Broad Street, in Richmond, Virginia.

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

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

                      About Alpha Natural

Alpha Natural -- http://www.alphanr.com-- is a coal supplier,
ranked second largest among publicly traded U.S. coal producers as
measured by 2014 consolidated revenues of $4.3 billion.  

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of June
30, 2015, and $7.3 billion in total liabilities as of June 30,
2015.  The petition was signed by Richard H. Verheij, executive
vice president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the case.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment banker.
Kurtzman Carson Consultants, LLC, is the Debtors' claims and
noticing agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.


ALPHA NATURAL: Moody's Assigns B1 Rating to $300MM DIP Term Loan
----------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to the $300 million
debtor-in-possession (DIP) term loan entered into by Alpha Natural
Resources Inc. (DIP) (Alpha) as part of the approximately $691
million DIP facilities initiated to provide the company with the
necessary liquidity as it goes through the Chapter 11 restructuring
process. The rating primarily reflects the collateral coverage
available to the DIP lenders under the term loan and the structural
features of the DIP facilities. The term loan is secured by
substantially all assets of the company, includes a super priority
claim under the Bankruptcy Code, and has upstream secured
guarantees from all of Alpha's material domestic subsidiaries. The
bankruptcy court approved the execution of the DIP facilities in
its final debtor-in-possession order on September 17, 2015. The
rating also considers the size of the DIP facilities as a
percentage of pre-petition debt and the nature of the bankruptcy
and reorganization. The company and certain of its wholly-owned
subsidiaries filed for relief under Chapter 11 of the US Bankruptcy
Code in the Bankruptcy Court for the Eastern District of Virginia
in Richmond on August 3, 2015.

Today's rating on the DIP term loan is being assigned on a
"point-in-time" basis and will not be monitored going forward and
therefore no outlook is assigned to the rating.

Assignments:

Issuer: Alpha Natural Resources Inc. (DIP)

Senior Secured Bank Credit Facility (Local Currency), Assigned B1

RATINGS RATIONALE

The proceeds of the DIP term loan will be used to post
approximately $110 million in cash collateral for certain letters
of credit previously issued under the AR securitization facility,
to pay restructuring fees and expenses and for other corporate
purposes. The DIP facilities also include an up to $100 million (or
as otherwise increased by the lenders) cash-collateralized DIP
Bonding Accommodation Facility used to meet state bonding
requirements and $191 million Roll-Up DIP facility to cover the
company's pre-petition outstanding letters of credit under its
first lien pre-petition corporate facility. The DIP term loan also
permits the company to obtain an ABL revolver of up to $200
million, secured by certain accounts receivable, with the DIP term
loan availability reduced dollar-for-dollar to the extent the
revolver exceeds $100 million.

The DIP term loan has a first lien and a super-priority claim on
substantially all assets of the company, with a junior lien
position on cash collateralizing the Bonding Accommodation Facility
and the accounts receivable securing the ABL revolver. The DIP term
loan will mature on February 6, 2017, and will terminate upon the
sale of all or substantially all of the assets of the Company or
the effective date of a plan of reorganization.

The B1 rating assigned to the term loan predominantly reflects the
collateral coverage, which consists primarily of inventory ($237
million book value at June 30, 2015) and property, plant and
equipment, including 2 billion tons in assigned coal reserves and
the company's investment in 25,000 net acres in Marcellus Shale
natural gas properties, along with the associated infrastructure.
The exact coverage on the term loan in the event of liquidation is
uncertain and would depend on market conditions at the time of
liquidation of the asset base, among other factors. Moody's
estimates that collateral coverage on the term loan would be in
excess of 100%.

The rating reflects other structural features of the term loan,
including upstream guarantees from all of company's material
domestic subsidiaries and certain protections afforded by
restrictive covenants, including limitations on capital
disbursements and minimum liquidity tests.

The rating is constrained by our expectation that in current market
conditions, Alpha's mines will be generating negative EBITDA and
uncertainty over the extent and nature of actions that must be
taken to emerge with profitable operations. The current challenged
operating environment, along with the existence of multiple classes
of pre-petition creditors, can render the reorganization process
lengthy and complex and make recovery more challenging. Alpha's
Chapter 11 filing was precipitated by the persistently weak thermal
and metallurgical coal markets which ultimately rendered the
company's capital structure untenable. Pre-petition, Alpha carried
$4 billion in debt and $1.7 billion in legacy liabilities including
pensions, post-retirement medical and asset retirement obligations.
Over the twelve months ended June 30, 2015 the company generated
$3.8 billion in revenues.

The principal methodology used in this rating was
Debtor-In-Possession Lending published in March 2009. Please see
the Credit Policy page on www.moodys.com for a copy of this
methodology.

Alpha Natural Resources is one of the largest coal companies in the
US, and the largest US producer and exporter of metallurgical coal.
The company's operations are located in the Central Appalachia and
Northern Appalachia regions, as well as the Powder River Basin. In
2014, Alpha generated revenues of $ 4.3 billion



AMERICAN APPAREL: Receives Non-Compliance Notice from NYSE
----------------------------------------------------------
American Apparel, Inc., received a notice from NYSE MKT LLC stating
that the Company does not meet continued listing standards of the
Exchange as set forth in Part 10 of the NYSE MKT LLC Company Guide.


Specifically, the Notice states that, based on the Exchange's
recent review, the Company was not in compliance with Section
1003(a)(iv) of the Company Guide because "it has sustained losses
which are so substantial in relation to its overall operations or
its existing financial resources, or its financial condition has
become so impaired that it appears questionable, in the opinion of
the Exchange, as to whether the Company will be able to continue
operations and/or meet its obligations as they mature."  As a
result, the Notice states that the Company has become subject to
the procedures and requirements of Section 1009 of the Company
Guide.

The Notice states that the Company must submit a plan of compliance
to the Exchange by Oct. 9, 2015, addressing how it intends to
regain compliance with the continued listing standards of Section
1003(a)(iv) of the Company Guide by Nov. 15, 2015.  If the plan is
accepted by the Exchange, the Notice states that the Company will
be subject to periodic reviews including monitoring for compliance
with the plan.

In the same Notice, the Exchange notified the Company that it is
concerned that the Company's common stock may not be suitable for
auction market trading due to its low selling price and, in
accordance with Section 1003(f)(v) of the Company Guide, that the
Exchange deems it appropriate for the Company to effect a reverse
stock split.  The Exchange also notified the Company in the Notice
that it would receive a separate notice of noncompliance under
Section 1003(f)(iv) of the Company Guide if all outstanding listing
fees have not been paid by Nov. 7, 2015.

The Company is currently reviewing the deficiencies identified in
the Notice and has begun the process of preparing a plan of
compliance in accordance with the Exchange's request.  The Exchange
also states in the Notice that if the Company does not submit a
plan or if the plan is not accepted, the Exchange will commence
delisting proceedings.  There can be no assurance that the Company
will be able to submit a plan that satisfactorily addresses the
Exchange's identified deficiencies and concerns in the Notice, if
at all.

                      About American Apparel

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

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

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

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

                           *     *     *

The TCR reported on Aug. 14, 2015, that Moody's Investors Service
downgraded ratings of American Apparel, Inc., including the
Corporate Family rating, which was downgraded to Caa3 from Caa2.
"T[he] rating actions are in reaction to the company's filing
for an extension of its Q2 10Q, which was made necessary due to
potential non-compliance with the covenants under its Capital One
revolving credit facility at second quarter-end," stated Moody's
Vice President Charlie O'Shea.

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



AMPLIPHI BIOSCIENCES: Grants Options to Outside Directors
---------------------------------------------------------
The board of directors of AmpliPhi Biosciences Corporation approved
the following grants of options to purchase common stock of the
Company to the Company's outside directors, which grants had been
approved by the Compensation Committee of the Board of Directors:
                                                Shares Subject
                           Shares Subject       to Performance
  Name                 to Standard Vesting        Vesting
  ----                 -------------------      --------------
Jeremy Curnock Cook          6,500                    900
Michael S. Perry             6,500                  6,300
Louis Drapeau                6,500                  7,300
Julian Kirk                  6,500                  9,700
Wendy S. Johnson             6,500                  9,700

Shares subject to standard vesting will vest on an equal monthly
basis over a four-year period commencing on Aug. 3, 2015, the date
of the Company's most recent annual meeting of shareholders. Shares
subject to performance vesting will vest over the same four year
period, subject to the additional requirement that the market price
of the Company's common stock reach $25.00 per share before the
option expires.

For his service as interim chief executive officer from Sept. 15,
2014, to May 2015, the Board, following the approval of the
Compensation Committee, also awarded Jeremy Curnock Cook an option
to purchase 31,100 shares of common stock of the Company.  Those
options will vest on an equal monthly basis over a four year period
beginning May 1, 2015.  In addition, Mr. Curnock Cook will receive
cash compensation of $100,000 in connection with such service.

The Board, following approval of the Compensation Committee, also
approved a change to the fees paid to the Company's directors.
Beginning in the third quarter of 2015, and effective as of
July 1, 2015, the Company will pay each director an annual cash
retainer of $40,000, and the Chairman of the Board an annual cash
retainer of $60,000.  In addition, the Company will pay each member
of the Audit Committee an annual cash retainer of $6,000, and the
Chairman of the Audit Committee an annual cash retainer of $15,000.
The Company will pay each member of the Compensation Committee an
additional $5,000 per year, and the Chairman of the Compensation
Committee an annual cash retainer of $10,000.  The Company will
also pay each member of the Nomination Committee $3,000 per year,
and the Chairman of the Nomination Committee $5,000 per year.

                           About AmpliPhi

AmpliPhi Biosciences Corp. is a biopharmaceutical company that
develops bacteriophage-based therapeutics.  It also develops an
internally generated pipeline of naturally occurring viruses
called bacteriophage (Phage) for the treatment of bacterial
infection, such as drug-resistant strains of bacteria that are
commonly found in the hospital setting.  The company's Phage
discovery also focuses on acute & chronic lung, sinus and
gastrointestinal infections.  AmpliPhi Biosciences was founded in
March 1989 and is headquartered in Glen Allen, Virginia.

The Company reported net income attributable to common stockholders
of $21.82 million for the year ended Dec. 31, 2014, compared to a
net loss attributable to common stockholders of $65.2 million for
the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $36.3 million in total assets,
$19.2 million in total liabilities, $4 million in series B
redeemable convertible preferred stock, and total stockholders'
equity of $13 million.



AOXING PHARMACEUTICAL: Selling $3 Million Worth of Securities
-------------------------------------------------------------
Aoxing Pharmaceutical Company entered into a Securities Purchase
Agreement on Sept. 24, 2015, which provides that, at a closing
expected to occur on Sept. 29, 2015, after satisfaction of standard
closing conditions, Aoxing will sell 2,352,941 shares of common
stock and 1,764,705 common stock purchase warrants.  The purchasers
are institutional investors.  The aggregate purchase price for the
securities will be $3,000,000.

Each Warrant will permit the holder to purchase one share of common
stock from Aoxing Pharmaceutical Company for a price of $1.74 per
share.  The Warrants will be exercisable commencing six months
after the closing date, and will expire five and one-half years
after the closing date.

Aoxing is making the offering and sale of the shares and warrants
pursuant to a shelf registration statement on Form S-3
(Registration No. 333-205148) that was declared effective by the
Securities and Exchange Commission on July 1, 2015, and a base
prospectus dated as of the same date, as supplemented by a
prospectus supplement to be filed with the Securities and Exchange
Commission on Sept. 28, 2015.

                            About Aoxing

Aoxing Pharmaceutical Company, Inc., is a Jersey City, New Jersey-
based specialty pharmaceutical company.  The Company is engaged in
the development, production and distribution of pain-management
products, narcotics and other drug-relief medicine.

In its report on the consolidated financial statements for the
year ended June 30, 2014, BDO China Shu Lun Pan Certified Public
Accountants LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company
continues to incur losses from operations, has negative cash flow
from operations and a working capital deficit.

The Company reported a net loss of $8.63 million for the fiscal
year ended June 30, 2014, compared to a net loss of $17.3 million
for the year ended June 30, 2013.



API INC: Insurance Counsel's Suit Remanded to State Court
---------------------------------------------------------
In early 2005, A.P.I., Inc. filed for relief under Chapter 11 due
to a multi-part problem: multiple, substantial claims in litigation
against it, for damages based on plaintiffs' exposure to asbestos
in materials sold or installed by it; at least one very large
unsatisfied judgment on such liability; and substantial contests
with its liability insurers over the continuation of coverage for
such liability.  On December 6, 2005, the court confirmed the
Debtor's plan of reorganization.  Under the plan, a trust for the
benefit of claimants on asbestos-related claims was established.
Provisions were made for the funding of the trust by the Debtor
from its assets and by insurers cashing-out their residual coverage
liability.  Asbestos-exposure claims against the Debtor and against
settling insurers were channeled into the trust.  And, procedures
for the administration of the trust and the processing and payment
of claims were established.  The Chapter 11 case was closed on
February 29, 2008.

In June, 2015, Faricy Law Firm, P.A., commenced an action in the
Minnesota State District Court for the Second Judicial District,
Ramsey County, asserting that it once had an attorney-client
relationship with the Debtor.  After the proceeding was commenced,
the Debtor's Chapter 11 case was reopened on application of the
Trust.  The reopening enabled the Trust to remove the proceeding to
the the United States Bankruptcy Court for the District of
Minnesota under the Trust's assertion of the federal bankruptcy
jurisdiction.  The Faricy Firm promptly filed a motion for
abstention and remand.

U.S. Bankruptcy Judge Gregory F. Kishel, held that the federal
court has no jurisdiction over the petition for attorney's lien and
ordered the remand of the entire action to the Ramsey County
District Court for further proceedings.

The adversary case is FARICY LAW FIRM, P.A., Petitioner, v. A.P.I.,
INC. ASBESTOS SETTLEMENT TRUST, Debtor, ADV NO. 15-3096 (Bankr. D.
Minn.).

The bankruptcy case is In re: A.P.I., INC., Debtor, NO. BKY
05-30073 (Bankr. D. Minn.).

A full-text of the Order dated September 9, 2015, is available at
http://is.gd/GOcZpSfrom Leagle.com.

Plaintiff is represented by:

         John H. Faricy Jr., Esq.
         Vadim Trifel, Esq.
         FARICY LAW FIRM, P.A.
         120 South 6th Street, Suite 2450
         Minneapolis, MN 55402
         Phone: 612-927-2590
         Toll Free: 800-410-5052
         Fax: 612-338-3272

Defendant is represented by:

         Benjamin Gurstelle, Esq.
         Justin P. Weinberg, Esq.
         BRIGGS AND MORGAN P.A.
         2200 IDS Center
         80 South Eighth Street
         Minneapolis, MN 55402
         Phone: 612.977.8400
         Fax: 612.977.8650
         Email: bgurstelle@briggs.com
                jweinberg@briggs.com

Headquartered in St. Paul, Minnesota, A.P.I. Inc., f/k/a A.P.I.
Construction Company -- http://www.apigroupinc.com/-- is a  
wholly owned subsidiary of the API Group, Inc., and is an
industrial insulation contractor.  The Company filed for chapter
11 protection on January 5, 2005 (Bankr. D. Minn. Case No.
05-30073).  James Baillie, Esq., at Fredrikson & Byron P.A.,
represents the Debtor in its restructuring.  When the Debtor filed
for protection from its creditors, it listed total assets of
$34,702,179 and total debts of $63,000,000.

The U.S. Bankruptcy Court for the District of Minnesota confirmed
A.P.I. Inc.'s Second Amended Plan of Reorganization on Dec. 6,
2005.  The Honorable Gregory F. Kishel determined that the Plan
meets the 13 standards for confirmation required under Section
1129(a) of the Bankruptcy Code.


APOLLO MEDICAL: CFO Mitch Creem Resigns to be Integrity CEO
-----------------------------------------------------------
Apollo Medical Holdings, Inc. announced the resignation of Mitch
Creem as chief financial officer and a director, as well as Lance
Jon Kimmel as a director.

Mitch Creem has been named the CEO of Integrity Healthcare, an
entity created by New York-based investment firm BlueMountain
Capital Management to manage and operate the Daughters of Charity
Health System, a 6-hospital system with its own 200-physician
medical foundation.  Mark Meyers, ApolloMed's former chief strategy
officer and board member, was also named chief operating officer of
Integrity Healthcare.  BlueMountain Capital entered into a deal
with DOCHS in July that will provide a $250 million capital
injection.

Lance Kimmel is the founder and has been the managing partner at
SEC Law Firm.  His practice focuses on public and private
securities offerings, going public transactions, SEC reporting and
mergers & acquisitions.  Immediately upon his resignation, Mr.
Kimmel was engaged by ApolloMed as its outside general counsel.

William Abbott, ApolloMed's current controller and vice president
of Finance, has been named Interim chief financial officer, pending
completion of a formal search for a permanent CFO, which is
underway.  ApolloMed has engaged global executive search firm
Spencer Stuart.

The Board of Directors will be reduced to five members, a majority
of whom will continue to be independent as required by the NASDAQ
Capital Market, which in May 2015 granted ApolloMed conditional
approval to list its common stock thereon.  That listing has not
taken place yet.

In commenting on these changes, Warren Hosseinion, M.D.,
ApolloMed's chief executive officer stated, "I would like to thank
Mitch for his service and contributions to ApolloMed.  We wish both
Mitch and Mark the best of luck and are proud that two of our
alumni are leading the turnaround efforts at DOCHS.  At the same
time, we have retained a well-known executive search firm to assist
us in finding a new CFO who will be able to continue to help us
grow as we further implement our business model."

"The transition of legal services is logical at this time given our
increased level of business activity.  By coordinating outside
legal services, Mr. Kimmel will be able to help us manage those
activities and monitor their cost more closely," stated Gary
Augusta, executive chairman.  "These changes will also solidify
efforts we are making to build a more cost efficient operating and
growth platform as we venture more into risk-taking reimbursement
models and population health management services."

                       About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc., provides
hospitalist services in the Greater Los Angeles, California area.
Hospitalist medicine is organized around the admission and care of
patients in an inpatient facility such as a hospital or skilled
nursing facility and is focused on providing, managing and
coordinating the care of hospitalized patients.

Apollo Medical reported a net loss attributable to the Company of
$1.8 million on $32.9 million of net revenues for the year ended
March 31, 2015, compared to a net loss attributable to the Company
of $5 million on $10.5 million of net revenues for the year ended
Jan. 31, 2014.

As of June 30, 2015, the Company had $13.26 million in total
assets, $16.99 million in total liabilities and total
stockholders' deficit of $3.73 million.



ARCH COAL: Extends Private Debt Exchange Offers and Support Pact
----------------------------------------------------------------
Arch Coal, Inc. announced the extension of its (i) 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 and (ii) pending concurrent private offer to exchange 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, previously set to expire at 12:00
midnight, New York City time, on Sept. 23, 2015, has been extended
and is now set to expire at 12:00 midnight, New York City time, on
Oct. 26, 2015.  The Concurrent Exchange Offer, previously set to
expire at 12:00 midnight, New York City time, on Sept. 23, 2015,
has been extended and is now set to expire at 12:00 midnight, New
York City time, on Oct. 26, 2015.  Additionally, the Early Tender
Time for the Concurrent Exchange Offer, previously set to expire at
12:00 midnight, New York City time, on Sept. 23, 2015, has been
extended and is now set to expire at 12:00 midnight, New York City
time, on Oct. 26, 2015.  The Withdrawal Deadline for the Exchange
Offers has passed, so 2020 Notes tendered in the 2020 Exchange
Offer and Old Notes tendered in the Concurrent Exchange Offer may
no longer be withdrawn.

As of 5:00 p.m. New York City time on Sept. 23, 2015, approximately
$421 million aggregate principal amount of 2020 Notes have been
validly tendered pursuant to the 2020 Exchange Offer, and
approximately $500 million aggregate principal amount of Old 7.000%
2019 Notes, $173 million aggregate principal amount of Old 9.875%
2019 Notes and $478 million aggregate principal amount of Old
7.250% 2021 Notes have been validly tendered pursuant to the
Concurrent Exchange Offer.

As previously disclosed, Arch has made alternative arrangements on
similar economic terms for holders of the 2020 Notes not eligible
to participate in the 2020 Exchange Offer.  The Ineligible Holders
Offer, previously set to expire at 12:00 midnight, New York City
time, on Sept. 23, 2015, has also been extended and is now set to
expire at 12:00 midnight, New York City time, on Oct. 26, 2015.  As
of 5:00 p.m. New York City time on Sept. 23, 2015, approximately
$39 million aggregate principal amount of 2020 Notes have been
validly tendered pursuant to the Ineligible Holders Offer.

As previously announced, on July 28, 2015, certain unidentified
term loan lenders under Arch's Amended and Restated Credit
Agreement dated as of June 14, 2011, purporting to hold more than
50% of the term loans under the Credit Agreement delivered a letter
to the term loan administrative agent directing it to refrain from
executing any documentation relating to the Exchange Offers.
Following receipt of the direction letter, the term loan
administrative agent tendered its resignation.  Although the
Directing Lenders have appointed Wilmington Trust as successor
administrative agent, Arch has received no assurances that
Wilmington Trust will execute the documents required for the
Exchange Offers, absent direction from a majority of the term loan
lenders.

Additionally, on Sept. 16, 2015, GSO Special Situations Master Fund
LP, which represents that it holds certain of Arch's unsecured
notes and term loans, filed a complaint in the Commercial Division
of the Supreme Court of the State of New York against the (unnamed)
Directing Lenders and against Wilmington Trust, as administrative
agent.  Arch has not been made a party to the lawsuit.  The
complaint seeks a declaratory judgment that the Exchange Offers are
permissible under the Credit Agreement and do not require the
consent of the Directing Lenders.  It also seeks preliminary and
permanent injunctions barring the Directing Lenders from
instructing the administrative agent not to execute the documents
required to close the Exchange Offers (the proposed injunctive
relief does not direct the administrative agent to execute any such
documents).  A hearing has been scheduled for Sept. 25, 2015.  Arch
cannot predict the timing or outcome of this litigation, which may
significantly impact its ability to consummate the Exchange
Offers.

On Sept. 17, 2015, representatives of the holders of 2020 Notes
party to the Support Agreement requested that, in light of the
hearing scheduled for Sept. 25, 2015, Arch extend the Exchange
Offers.  Arch is extending the Exchange Offers in part to ensure
that they remain outstanding through the date of this hearing.
However, there remain significant uncertainties with respect to the
pending litigation and the willingness of Wilmington Trust to
execute the documentation required to consummate the Exchange
Offers absent any significant modification thereof satisfactory to
the Directing Lenders.  As a result of the position of the
Directing Lenders, the pending litigation, current market
conditions and various other factors, Arch has made no
determination and cannot provide any assurances as to when, or
whether, the Exchange Offers will be consummated, including as they
may be amended by or after negotiations among various parties.

As previously announced, on July 1, 2015, Arch entered into an
agreement with holders of approximately 56.9% in aggregate
principal amount of the 2020 Notes.  On Sept. 23, 2015, the parties
to the Support Agreement agreed to an extension of such agreement
until Oct. 26, 2015, and to amend the Support Agreement to provide
that Arch may terminate the Support Agreement upon a determination
by its board of directors that it would be inconsistent with its
fiduciary duties to consummate the 2020 Exchange Offer as a result
of the position of the Directing Lenders, the pending litigation,
current market conditions or any other factor that the board of
directors, in the exercise of its good faith business judgment,
deems appropriate, and that Arch shall have no liability under the
Support Agreement or otherwise for such a termination.  All other
terms and conditions of the Support Agreement remain unchanged and
in full force and effect.

The terms of the 2020 Exchange Offer are set forth in the
Confidential Offering Memorandum and Consent Solicitation Statement
and the accompanying Consent and Letter of Transmittal related to
the 2020 Exchange Offer.  The terms of the Concurrent Exchange
Offer are set forth in the Confidential Offering Memorandum and the
accompanying Letter of Transmittal related to the Concurrent
Exchange Offer.  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 Concurrent Exchange
Offer is made only by, and pursuant to the terms of, the Concurrent
Exchange Offering Memorandum and the Letter of Transmittal.

The offering documents for the 2020 Exchange Offer and the
Concurrent Exchange Offer will be distributed only to holders of
2020 Notes and holders of Old Notes, respectively, 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 is conducting the Ineligible Holders
Offer, pursuant to which Arch has made 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 the Ineligible Holders
Offer.  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.

The Exchange Offers are being made, and the Trust Certificates, the
New 2022 Secured Notes and the New 2023 Secured Notes are being
offered and issued, solely to holders of 2020 Notes or Old Notes,
as applicable, who are both "qualified institutional buyers" as
defined in Rule 144A under the Securities Act of 1933, as amended,
and "qualified purchasers" as defined in Section 2(a)(51) of the
Investment Company Act of 1940, as amended, in private placements
in reliance upon an exemption from the registration requirements of
the Securities Act.  The holders of 2020 Notes or Old Notes, as
applicable, that are eligible to participate in the Exchange Offers
pursuant to the foregoing conditions are referred to as "Eligible
Holders."  The Trust Certificates, the New 2022 Secured Notes and
the New 2023 Secured Notes have not and will not be registered
under the Securities Act and may not be transferred or resold
except as permitted under the Securities Act and other applicable
securities laws, pursuant to registration or exemption therefrom.
Additionally, Arch Pass Through Trust (issuer of the Trust
Certificates) has not been and will not be registered as an
investment company under the Investment Company Act, in reliance on
the exemption set forth in Section 3(c)(7) thereof.

                         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 June 30, 2015, the Company had $8 billion in total assets,
$6.6 billion in total liabilities and $1.4 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+'.  The rating action
reflects Arch Coal's July 3, 2015, announcement of a private debt
exchange offer for its senior unsecured debt.



ASSOCIATED MATERIALS: Moody's Cuts CFR to Caa3 on Poor Liquidity
----------------------------------------------------------------
Moody's Investors Service downgraded the Corporate Family Rating of
Associated Materials, LLC ("Associated Materials") to Caa3 from
Caa1 and Probability of Default Rating to Caa3-PD from Caa1-PD.
Concurrently, Moody's downgraded the $830 million senior secured
notes to Caa3 from Caa1. The rating outlook is stable.

The downgrade reflects the company's persistently negative free
cash flow and deteriorating liquidity position, which creates
uncertainty regarding its ability pay cash interest including the
May 2016 semi-annual payment on the 9.125% $830 million notes.
Further, the downgrade and the Caa3 rating reflect the company's
untenable debt capital structure with very high debt-to-EBITDA
leverage that creates elevated default risk. Associated Materials'
building products end markets are expanding and the company has
shown signs of stabilizing its operating performance in 2015 after
several years of significant pressure. However, EBITDA remains
roughly one third of what it was in 2010 when the company went
through a leveraged buyout and debt was loaded on the balance
sheet. Moody's is concerned that any additional operational
improvement over the next year will not be sufficient to
significantly reduce leverage and sustain the existing debt
structure.

Moody's took the following rating actions on Associated Materials,
LLC:

Corporate Family Rating, downgraded to Caa3 from Caa1;

Probability of Default, downgraded to Caa3-PD from Caa1-PD;

$830 million senior secured notes, downgraded to Caa3, LGD4 from
Caa1, LGD4;

Outlook is Stable.

RATINGS RATIONALE

Associated Materials' Caa3 Corporate Family Rating reflects its
elevated risk of default due to negative free cash flow, high
leverage and poor liquidity profile. The company had $4 million in
cash as of July 4, 2015 and $44.3 million availability under its
ABL revolver. Associated Materials consumed $40 million of cash
over the last 12 months, and Moody's projects free cash flow use in
the range of $40 to $50 million over the next 12 months. This
creates uncertainty regarding the company's ability to fund debt
service including its upcoming semi-annual note interest payments
in May 2016. The company's ability to raise cash is uncertain.
Moody's believes that there is a low likelihood that Hellman and
Friedman LLC ("H&F"), the private equity owner of the company, will
infuse additional capital to the company absent a significant
operational turnaround. Also, any gains from potential
sales-leaseback prospects are questionable as the company's
disposable asset values are not significant. Moody's believes that
Associated Materials' ability to sustain the current debt structure
hinges on the company's ability to substantially improve its
operating performance in a limited amount of time. Thus far,
Associated Materials has not been able to demonstrate significant
improvement in performance which has been weighed down by product
delivery and quality issues contributing to lost market share. Even
if Associated Materials is able to bolster liquidity and meet debt
service in 2016, the company's questionable ability to refinance
its debt maturities in 2017, when its senior secured notes mature
and revolving credit facility expires, contributes to elevated
default risk.

In addition to the struggles with the capital structure and poor
liquidity, Moody's expects the company's credit metrics to remain
weak in 2015 and 2016. Debt-to-EBITDA leverage, which was 12.15x
for the 12 months ending on July 4, 2015, will remain high, while
EBITA-to-interest coverage will remain well below 1x.

Associated Materials has a weak liquidity profile with a thin cash
position and a heavy reliance on its revolver. As of July 4, 2015,
it had only $4 million in cash, and while Moody's expects the third
and fourth quarters to be cash flow positive, cash on hand and cash
flow from operations may not be sufficient to cover the $39 million
semi-annual interest payments due in November 2015, and could
result in additional draws on the revolver. In 1Q16 and 2Q16,
Moody's expects negative free cash flow generation due to
seasonality as the company builds inventory. But, given that
Associated Materials will also have to pay $39 million of interest
in May of 2016, Moody's believes that at that time the cash on hand
and revolver availability will not be sufficient to make the
payment. Associated Materials retains a $213 million asset-based
revolving credit facility expiring in 2017 (90 days prior to the
senior secured notes that mature in November 2017). The revolver is
governed by a borrowing base calculation with availability being
subject to the seasonality in the company's businesses.
Additionally, the revolver contains a minimum 1 to 1 fixed charge
ratio covenant that is tested if availability of the facility falls
below $20 which the company would not pass if triggered; the fixed
charge ratio was 0.5 at the end of the second quarter. As of July
4, 2015, the company had $44.3 of availability after accounting for
the borrowing base and covenant limitations, but availability will
shrink in the coming quarters as it is used to pay the upcoming
interest payments. Moody's believes that the company's ability to
maintain compliance with the $20 million minimum liquidity
threshold in the revolver is questionable given the negative free
cash flow. Associated Materials' alternate liquidity options are
constrained since its assets are encumbered to secure its bank
borrowings and outstanding senior secured notes.

Additional negative rating actions may occur if the likelihood of
default increases or expected recovery rate decreases.

The ratings are unlikely to be raised in the next 12 to 18 months.
However, the ratings could be upgraded if the company is able to
improve its debt capital structure, liquidity and operating
performance, with EBITA-to-interest expense above 1.0 times and
significantly lower leverage. Moody's would also need to view the
company's ability to refinance debt maturities as good.

The principal methodology used in these ratings was Global
Manufacturing Companies published in July 2014. Please see the
Credit Policy page on www.moodys.com for a copy of this
methodology.

Associated Materials is a North American manufacturer and
distributor of exterior residential building products. The
company's core products are vinyl windows, vinyl siding, aluminum
trim coil, and aluminum and steel siding and accessories.
Associated is also a distributor of roofing materials, insulation,
and exterior doors produced by third parties. Hellman & Friedman
LLC, through its respective affiliates, is the primary owner of
Associated Materials. Revenues for the twelve months through July
4, 2015 totaled approximately $1.2 billion.



ATLANTIC & PACIFIC: Court Approves Key Employee Retention Program
-----------------------------------------------------------------
Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern
District of New York, approved the key employee retention program
("KERP") submitted by the Great Atlantic & Pacific Tea Company,
Inc., and its affiliated debtors.

The Debtors introduced these modifications to the KERP:

     (a) The Debtors have reduced the maximum cost of the KERP to
$3,904,000 (representing 78% of the maximum cost of the original
plan). Of the total KERP, $2,437,500 may be paid to Key Employees
during the first Performance Period and $1,466,500 may be paid
during the second Performance Period.

     (b) The Debtors also have reduced the number of Key Employees
eligible to receive KERP Payments to 468 Key Employees (compared to
495 Key Employees), only 104 of whom are eligible to receive a KERP
Payment following the second Performance Period (compared to 283
Key Employees).

     (c) In addition, the discretionary bonus pool has been
eliminated and the Debtors have agreed that, to the extent a new or
an existing Key Employee agrees to assume responsibilities of a
departed employee, the Debtors may reallocate up to 50% of the KERP
Payment allotted for the departed employee to the new employee only
if the total amount of KERP Payments remain at or below $3.5
million in the aggregate (representing 70% of the cost of the
original plan).

The Court approved the KERP with the modifications and ordered
that:

     (a) that the Debtors will fund from DIP loan proceeds or cash
collateral $1,096,000, in the aggregate and on a pro rata basis,
toward the payment of severance due and owing (the "Additional
Severance Allocation") for the Debtors' employees, union and
non-union, who are not participants in the KERP; and

     (b) the Additional Severance Allocation will be in addition to
the payment of 52% of severance to union and non-union employees,
which will be made on a current basis with the balance to be
treated in accordance with the Bankruptcy Code.

                     Objections to the Motion

United Food and Commercial Worker Locals 27, 464A and 1262, parties
to collective bargaining agreements with the Debtors' entities
Great Atlantic & Pacific Tea Company and Pathmark and
representatives of approximately 11,000 of the Debtors' employees,
adopted the objection filed by the United Food and Commercial
Workers International Union.

William K. Harrington, the United States Trustee for Region 2, also
objected to the Debtors' Motion, asserting that the Debtors cannot
establish that the Corporate Employees covered by the KERP are not
insiders.

In response, the Debtors tell the Court that it should overrule all
of the Objections and grant the KERP Motion with the Modifications.
The Debtors further tell the Court that the Objections apply
incorrect law and legal standards and that the relevant legal
standard is whether the facts and circumstances of these cases
justify the implementation of the KERP.  The Debtors assert that
they have satisfied that standard.

UFCW Local 27, et. al., are represented by:

          Mark Hanna, Esq.
          Michelle Banker, Esq.
          Michael T. Anderson, Esq.
          MURPHY ANDERSON PLLC
          1701 K Street NW Suite 210
          Washington, DC 20006
          Telephone: (202)223-2620
          Facsimile: (202)296-9600
          E-mail: mhanna@murphypllc.com
                  mbanker@murphypllc.com
                  manderson@murphypllc.com

The U.S. Trustee is represented by:

          Brian S. Masumoto, Esq.
          201 Varick Street, Suite 1006
          New York, NY 10004
          Telephone: (212)510-0500

The Debtors' attorneys can be reached at:

          Ray C. Schrock, Esq.
          Garret A. Fail, Esq.
          WEIL, GOTSHAL & MANGES LLP
          767 Fifth Avenue
          New York, NY 10153
          Telephone: (212)310-8000
          Facsimile: (212)310-8007
          E-mail:ray.schrock@weil.com
                 david.lender@weil.com

                About The Great 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 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.

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 U.S. Trustee for Region 2 appointed seven creditors of The
Great Atlantic & Pacific Tea Co. to serve on the official committee
of unsecured creditors.



AUBURN TRACE: City of Delray Beach Granted Automatic Stay Relief
----------------------------------------------------------------
The City of Delray Beach sought and obtained from Judge Paul G.
Hyman, Jr. of the U.S. Bankruptcy Court for the Southern District
of Florida, West Palm Beach Division, relief from the automatic
stay to foreclose on its First and Second Mortgage on the Debtor
Auburn Trace, Ltd.'s real property located at 625 Auburn Circle
West, Delray Beach, Florida 33344 ("Property").

The City of Delray Beach ("Delray") relates that is a secured
creditor as well as the Debtor's largest creditor, holding in
excess of $9.5 million in secured claims.  It further relates that
it holds both the first and second mortgages on the Debtor's
Property and improvements thereon, and that the Debtor has
defaulted under the Mortgages.  It adds that according to the
Debtor's schedules, the real property has a value of $9,300,000.00
and personal property with a value of $307,503.81.

Delray contends that the Debtor has allowed the Property to
deteriorate and fall into disrepair.  It relates that the First
Mortgage requires the Debtor to maintain the Property in good
condition and not to allow it to deteriorate in any manner.
Likewise, the Second Mortgage requires the Debtor to maintain the
property.  Delray further contends that despite these clear
requirements of both the First Mortgage and the Second Mortgage,
the Debtor has failed to maintain the Property and the Debtor has
shown no intention of maintaining the property for the next five
years. Delray asserts, that the Property (which is the collateral
for the Debtor’s obligations to Delray) has deteriorated and
continues to deteriorate without the Debtor having the slightest
inclination to effectuate any of a myriad of necessary
replacements, repairs, or maintenance.

                          Debtor Opposed

Debtor Auburn Trace opposed Delray's Motion, asserting that the
purpose of the automatic stay is to stop all collection efforts and
provide the debtor with a "breathing spell" and provide the debtor
with the opportunity to develop a repayment or reorganization plan.
The Debtor stated the following reasons, among others to support
its opposition:

     (1) Cause does not exist to lift the automatic stay purusant
to 11 U.S.C. Section 362(d)(1). Based on the Debtor’s proposal
and ability to generate sufficient revenue to effectuate the
necessary repairs and to continue to maintain the property in good
condition and pay all ongoing real estate taxes, cause does not
exist to grant Delray relief from the automatic stay pursuant to 11
U.S.C. § 362(d)(1).

     (2) The Debtor's Plan has a reasonable possibility of being
confirmed within a reasonable period of time, and thus, stay relief
is not warranted under Section 362(d)(3).

The City of Delray Beach is represented by:

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

Auburn Trace's attorneys can be reached at:

          Bradley S. Shraiberg, Esq.
          Lenore M. Rosetto Parr, Esq.
          SHRAIBERG, FERRARA & LANDAU, P.A.
          2385 NW Executive Center Drive, #300
          Boca Raton, Florida 33431
          Telephone: (561)443-0800
          Facsimile: (561)998-0047
          E-mail: bshraiberg@sfl-pa.com
                  lrosettoparr@sfl-pa.com

                     About Auburn Trace, Ltd.

Auburn Trace filed a Chapter 11 bankruptcy petition (Bank. S.D.
Fla. Case No. 15-10317) on Jan. 7, 2015.  The petition was signed
by Brian J. Hinners, the president.  The case is assigned to Judge
Paul G. Hyman, Jr.

The Debtor disclosed $9.61 million  in assets and $9.54 million in
liabilities as of the Chapter 11 filing.  

Bradley S Shraiberg, Esq., at Shraiberg, Ferrara & Landau,
P.A., serves as the Debtor's counsel.

The U.S. Trustee notified the U.S. Bankruptcy Court that until
further notice, it will not appoint a committee of creditors.



AUBURN TRACE: Court Extends Cash Collateral Use Until Nov.17
------------------------------------------------------------
Judge Paul G. Hyman, Jr. of the U.S. Bankruptcy Court for the
Southern District of Florida, West Palm Beach Division, extended
Auburn Trace, Ltd.'s authority to use cash collateral on an interim
basis until Nov. 17, 2015 at 5:00 p.m.

The Debtor was previously authorized by the Court to use cash
collateral through Sept. 15, 2015.

The Debtor owns the real property located at 625 Auburn Circle W.,
Delray Beach, Florida 33444 ("Real Property").  The following
prepetition secured creditors have liens on the Real Property: (a)
IBERIABANK in the amount of approximately $4,221,558, which was
purchased by The City of Delray Beach; (b) The City of Delray Beach
in the amount of approximately $4,231,816; (c) U.S. Small Business
Administration in the amount of approximately $199,515; and (d) the
Palm Beach County Tax Collector in the aggregate amount of $287,954
for 2014 and 2015 real property taxes.

The Court authorized the Debtor to:

     (i) exceed any line item on the Budget by an amount equal to
10 percent; of each such line item; or

    (ii) to exceed any line item by more than ten percent (10%) so
long as the total of all amounts in excess of all line items for
the Budget do not exceed 10 percent in the aggregate of the total
Budget.

The Court likewise granted the City of Delray Beach adequate
protection in the form of a first priority postpetition security
interest and lien in, to and against all of the Debtor's assets,
but only to the extent that the City of Delray Beach's cash
collateral is used by the Debtor.  The Court further states that
the adequate protection shall be to the same extent that the City
of Delray Beach held a properly perfected prepetition security
interest in such assets, which are or have been acquired, generated
or received by the Debtor subsequent to the Petition Date.

The Court ordered the Debtor to make monthly adequate protection
payments to the City of Delray Beach, in the amount of $30,000, on
account of its first position mortgage.

The Debtor is represented by:

          Bradley S. Shraiberg, Esq.
          Lenore M. Rosetto Parr, Esq.
          SHRAIBERG, FERRARA & LANDAU, P.A.
          2385 NW Executive Center Drive, #300
          Boca Raton, Florida 33431
          Telephone: (561)443-0800
          Facsimile: (561)998-0047
          E-mail: bshraiberg@sfl-pa.com
                 lrosettoparr@sfl-pa.com

                     About Auburn Trace, Ltd.

Auburn Trace filed a Chapter 11 bankruptcy petition (Bank. S.D.
Fla. Case No. 15-10317) on Jan. 7, 2015.  The petition was signed
by Brian J. Hinners, the president.  The case is assigned to Judge
Paul G. Hyman, Jr.

The Debtor disclosed $9.61 million  in assets and $9.54 million in
liabilities as of the Chapter 11 filing.  

Bradley S Shraiberg, Esq., at Shraiberg, Ferrara & Landau,
P.A., serves as the Debtor's counsel.

The U.S. Trustee notified the U.S. Bankruptcy Court that until
further notice, it will not appoint a committee of creditors.



BERRY PLASTICS: Moody's Keeps B1 CFR Amid Changes in Financing
--------------------------------------------------------------
Moody's says Berry's change in acquisition financing offering has
no immediate impact on the company's B1 corporate family rating,
other instrument ratings and stable outlook. The second priority
senior secured notes due 2022 have been reduced to $400 million
from $600 million and the first lien senior secured term loan due
2022 has been increased to $2.1 billion from $1.9 billion. Proceeds
will be used to fund the acquisition of AVINTIV, Inc. The change in
capital structure change lowers Berry's interest expense and
increases free cash flow available for debt reduction.

On July 31, 2015, Charlotte-based AVINTIV Inc. announced that they
have entered into a definitive agreement for Berry Plastics Group,
Inc. ("Berry Plastics") to acquire AVINTIV from private equity
funds managed by The Blackstone Group LP for approximately $2.45
billion in cash on a debt-free, cash-free basis.

Berry Plastics Group provides value-added plastic consumer
packaging and engineered materials delivering high-quality
customized solutions to customers with annual net sales of $5.0
billion in fiscal 2014. With world headquarters in Evansville,
Indiana, the Company's common stock is listed on the New York Stock
Exchange under the ticker symbol BERY.

"We are extremely excited to welcome the team and global
capabilities of AVINTIV to the Berry organization," said Jon Rich,
Chairman and CEO of Berry Plastics. "The combination of Berry
Plastics and AVINTIV creates a global leader in plastics packaging
and engineered specialty materials with enhanced technology,
material and commercial capabilities to more broadly serve our
customers."

Joel Hackney, AVINTIV's Chief Executive Officer, commented,
"AVINTIV has made tremendous progress advancing our mission to
create a safer, cleaner, and healthier world.  Joining Berry
creates an ideal platform to expand into new adjacencies,
strengthen our current capabilities, and bring new innovations to
our customers. Our employees' hard work and dedication has enabled
us to deliver consistent growth and margin expansion and will
continue to play a critical role in the success of Berry."

The proposed transaction, which is subject to customary closing
conditions, is expected to close by the end of calendar year 2015.

Berry Plastics has secured committed debt financing to fund the
transaction and expects to utilize the strong, recession-resistant
free cash flow of the combined business to reduce leverage
following the transaction. Additionally, subject to market
conditions, Berry will consider raising a modest amount of equity
to result in a net debt to adjusted EBITDA ratio of approximately 5
times.

Credit Suisse and Barclays acted as financial advisors and Bryan
Cave acted as legal advisor for Berry Plastics. Citi and BofA
Merrill Lynch acted as financial advisors and Simpson Thatcher &
Bartlett LLP acted as legal advisor for AVINTIV and Blackstone.

AVINTIV Inc. is one of the developers, producers, and marketers of
specialty materials used in infection prevention, personal care,
and high performance solutions. With 23 locations in 14 countries,
an employee base of over 4,500 people and the broadest range of
process technologies in our industry, AVINTIV is a global supplier
to leading consumer and industrial product manufacturers. AVINTIV's
manufacturing facilities are strategically located near many key
customers. We work closely with them to provide engineered
solutions to meet increasing demand for more sophisticated
products.

For AVINTIV:

Media Contacts

     Liz Cohen
     Kelly Gawlik
     WEBER SHANDWICK
     Tel: 212.445.8044
          212.445.8368
     E-mail: Liz.cohen@webershandwick.com
             kgawlik@webershandwick.com

                 Berry Plastics Announces Pricing
               of Private Placement Notes Offering

Berry Plastics (NYSE: BERY) announced the pricing of the private
placement launched Sept. 16 by one if its indirect, wholly owned
subsidiaries.  The Issuer will issue $400 million of second
priority senior secured notes due 2022.  The closing of the private
placement offering is expected to occur on or about October 1,
2015.

The Notes will bear interest at a rate of 6.00% payable
semiannually, in cash in arrears, on April 15 and October 15 of
each year, commencing April 15, 2016 and will mature on October 15,
2022.

Upon the release of proceeds from the collateral account, the Notes
will be assumed by Berry Plastics Corporation, a direct and wholly
owned subsidiary of Berry Plastics, and will be guaranteed by Berry
Plastics and by each of BPC's existing and future direct or
indirect domestic subsidiaries that guarantee BPC's senior secured,
first priority credit facilities, subject to certain exceptions.
The Notes and the guarantees will be senior secured obligations and
will rank senior in right of payment to all of BPC's, and, in the
case of the guarantees, to all of the guarantors', existing and
future subordinated debt. The guarantee by Berry Plastics will be
unsecured. The Notes and the subsidiary guarantees thereof will be
secured on a second-priority basis, respectively, by liens on the
assets of BPC and the subsidiary guarantors that secure BPC's
obligations under its senior secured credit facilities, subject to
certain exceptions.

The proceeds from the offering are intended to be used to fund a
portion of the cash consideration due in respect of the acquisition
of all of the equity of AVINTIV, to repay certain existing
indebtedness of Avintiv and its subsidiaries, to pay related fees
and expenses and, to the extent not used for such purposes, for
general corporate purposes. Unless the Acquisition is consummated
concurrently with the close of the offering, all proceeds of the
offering will be deposited, together with any additional amounts
necessary to redeem the Notes, into a segregated collateral account
until the obligations of the Issuer under the Notes are assumed by
BPC and certain other conditions are satisfied, including the
closing of the Acquisition. Amounts held in the collateral account
will be pledged for the benefit of the holders of the Notes,
pending the release of such funds in connection with the
consummation of the Acquisition.

The Notes are being offered only to qualified institutional buyers
in reliance on Rule 144A under the Securities Act of 1933, as
amended, and outside the United States, only to non-U.S. investors
pursuant to Regulation S. The Notes will not be initially
registered under the Securities Act or any state securities laws
and may not be offered or sold in the United States absent an
effective registration statement or an applicable exemption from
registration requirements or a transaction not subject to the
registration requirements of the Securities Act or any state
securities laws.

Berry Plastics Group, Inc. provides value-added plastic consumer
packaging and engineered materials delivering high-quality
customized solutions to customers with annual net sales of $5.0
billion in fiscal 2014.  With world headquarters in Evansville,
Indiana, the Company's common stock is listed on the New York Stock
Exchange under the ticker symbol BERY.


BEVERAGES & MORE: S&P Raises Rating on $180MM Notes to 'B-'
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its rating
on Beverages & More Inc.'s $180 million senior secured notes due
November 2018 to 'B-' from 'CCC+' and also revised the recovery
rating to '4' from '5'.  The '4' recovery rating indicates S&P's
expectation of an average recovery at the low end of the 30% to 50%
range.

The upgrade reflects S&P's current valuation in a hypothetical
bankruptcy and emergence scenario.  S&P has valued the company on a
going concern basis using a 5x multiple applied to our projected
emergence-level EBITDA of around $29 million.

The recovery prospects for the senior secured noteholders would
benefit from a second lien on substantially all assets of the
company and subsidiary guarantors, but the recovery prospects would
be limited to the notes junior status relative to the asset-backed
lending facility, which S&P views as having priority.

The 'B-' corporate credit rating and stable outlook are
unaffected.

RATINGS LIST

Beverages & More Inc.
Corporate Credit Rating          B-/Stable/--

Upgraded
Beverages & More Inc.
$180M senior secured
  Due Nov. 2018                  B-           CCC+
   Recovery rating               4L           5



BG MEDICINE: Timothy Harris Resigns as Director
-----------------------------------------------
Timothy Harris, Ph.D., notified BG Medicine, Inc. resigned from the
Company's Board of Directors, effective as of Sept. 22, 2015.  Dr.
Harris did not communicate any disputes regarding the Company's
operations, policies or practices to the Company in connection with
this resignation, nor is the Company aware of any.

In connection with his departure from the Board, Dr. Harris also
departs from the Board's Audit Committee, which will continue to be
comprised of Harrison M. Bains (Chair) and Stelios Papadopoulos,
Ph.D.

                         About BG Medicine

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

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

As of June 30, 2015, the Company had $1.3 million in total assets,
$3.7 million in total liabilities and a stockholders' deficit of
2.3 million.

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



BIRMINGHAM COAL: Bankr. Administrator Wants Case Converted to Ch. 7
-------------------------------------------------------------------
J. Thomas Corbett, Esq., Bankruptcy Administrator for the Northern
District of Alabama, asks the United States Bankruptcy Court for
Northern District of Alabama, Southern Division, to convert
Birmingham Coal & & Coke Company, Inc., et al.'s Chapter 11 case
case to a case under Chapter 7, or, in the alternative, dismiss the
Chapter 11 case with a 180-day injunction on refiling.

The Bankruptcy Administrator explains that the Debtors have failed
to file the following:

   -- copies of all bank statements for the month ending July 31,
2015, as required by Paragraph C of the Chapter 11 Operating
Order;

   -- proof of insurance coverage as required by Paragraph E of the
Chapter 11 Operating Order;

   -- monthly operating reports for the month ending July 31, 2015,
as required by Paragraph I of the Chapter 11 Operating Order;

   -- a copy of their 2013 and 2012 federal income tax returns as
requested by the Bankruptcy Administrator at an initial intake
meeting held on June 15, 2015;

   -- copy of their articles of incorporation as requested by the
Bankruptcy Administrator at an initial intake meeting held on June
15, 2015; and

   -- a statement of disbursements made during the calendar quarter
ending June 30, 2015.

The Bankruptcy Administrator also tells the Court that the Debtors'
quarterly fee payment for the quarter ending June 30, 2015, has not
been paid.  These failures on the part of the Debtor warrant the
conversion or dismissal of the present case, the Bankruptcy
Administrator asserts.

Birmingham Coal & Coke Company, Inc., is represented by:

          Mark A. Mintz, Esq.
          Laura F. Ashley, Esq.
          JONES WALKER LLP
          201 St. Charles Ave., Suite 5100
          New Orleans, LA 70170
          Tel: (504) 582-8000
          Fax: (504) 582-8011
          Email: mmintz@joneswalker.com
                 lashley@joneswalker.com

             -- and --

          C. Ellis Brazeal, III, Esq.
          JONES WALKER LLP
          1819 5th Ave N., Suite. 1100
          Birmingham, AL 35203
          Tel: (205) 244-5237
          Fax: (205) 244-5400
          Email: ebrazeal@joneswalker.com

The Bankruptcy Administrator for the Northern District of Alabama:

          J. Thomas Corbett, Esq.
          UNITED STATES BANKRUPTCY ADMINISTRATOR
          Northern District of Alabama
          Robert S. Vance Federal Building
          1800 Fifth Avenue, North
          Birmingham, AL 35203
          Tel: (205)714-3830

                      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: Has Until Feb. 8 to Use Cash Collateral
--------------------------------------------------------
Judge Tamara O. Mitchell of the United States Bankruptcy Court
Northern District of Alabama amended the third interim order
authorizing Birmingham Coal & Coke Company, Inc., et al, to use
cash collateral until February 8, 2016, for the actual and
necessary expenses of operating the Debtors' business.

The Court also ordered that the amount of Cash Collateral, which
the Debtors may use during any given week, must not exceed in
aggregate 120% of each major cost category, and 115% of total
expenditures, provided, however, that in addition to items set
forth in the Budget, the Debtors will be permitted to pay the
actual expenses incurred for fees of the Office of the United
States Bankruptcy Administrator.  In the event the Usage Period
terminates in the middle of a week, the amount budgeted for that
week will be prorated accordingly.  The Court also ordered that (i)
Cash collections may not fall below 80% of the collections
projected in the Budget, on a cumulative basis, for any 2
consecutive Usage Periods; (ii) Cumulative Disbursements may not
exceed 115% in any category and or 110% overall, (iii) Any
expenditures made for the repair of Equipment will require the
prior written consent of Regions if those repairs exceed $100,000
on any item of equipment on which Regions has a first priority
lien, and, $35,000 on any item of equipment on which Regions does
not have a first priority lien.

                        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: Wants Exclusive Periods Extended
-------------------------------------------------
Birmingham Coal & Coke Company, Inc., et al., ask the United States
Bankruptcy Court for Northern District of Alabama – Southern
Division to extend the time in which they have exclusive right to
file a plan by 90 days and the extend the time in which they have
exclusive right to solicit acceptances of that plan by 90 days.

The Debtors explained that an extension of the exclusive periods is
appropriate in their Chapter 11 cases.  The Debtors submit that
they have moved forward in good faith towards the filing of a plan.
The Debtors add that have been focused on reviewing their mining
leases and their executory contracts and engaged in litigation with
Debenture holders over the voidability of certain claims made by
the Debenture holders.  The outcome of the litigation will
determine the shape and the nature of any plan and will shape the
bankruptcy exit process, the Debtors tell the Court.

Birmingham Coal & Coke Company, Inc. is represented by:

          Mark A. Mintz, Esq.
          JONES WALKER LLP
          201 St. Charles Ave., Suite 5100
          New Orleans, LA 70170
          Tel: (504) 582-8000
          Fax: (504) 582-8011
          Email: mmintz@joneswalker.com

             -- and --

          C. Ellis Brazeal, III, Esq.
          JONES WALKER LLP
          1819 5th Ave N., Suite. 1100
          Birmingham, AL 35203
          Tel: (205) 244-5237
          Fax: (205) 244-5400
          Email: ebrazeal@joneswalker.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: Wants Until Dec. 23 to Assume or Reject Leases
---------------------------------------------------------------
Birmingham Coal & Coke Company, Inc., et al., ask the United States
Bankruptcy Court for Northern District of Alabama, Southern
Division, to extend their period to assume or reject any unexpired
leases of nonresidential real property up to and including December
23, 2015.

The Debtors assert that an additional time is necessary to
carefully evaluate the Unexpired Leases and any other agreement
subject to assumption or rejection.  The Debtors tell the Court
that the requested extension of time will allow them to make
reasoned decisions concerning the Unexpired Leases and the relative
importance each to the Debtors' restructuring.

Birmingham Coal & Coke Company, Inc., is represented by:

          Mark A. Mintz, Esq.
          Laura F. Ashley, Esq.
          JONES WALKER LLP
          201 St. Charles Ave., Suite 5100
          New Orleans, LA 70170
          Tel: (504) 582-8000
          Fax: (504) 582-8011
          Email: mmintz@joneswalker.com
                 lashley@joneswalker.com

             -- and --

          C. Ellis Brazeal, III, Esq.
          JONES WALKER LLP
          1819 5th Ave N., Suite. 1100
          Birmingham, AL 35203
          Tel: (205) 244-5237
          Fax: (205) 244-5400
          Email: ebrazeal@joneswalker.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.


BON-TON STORES: Gabelli Funds, Et Al., Report 9.7% Equity Stake
---------------------------------------------------------------
Gabelli Funds, LLC, GAMCO Asset Management Inc. and Teton Advisors,
Inc. disclosed with the Securities and Exchange Commission that as
of Sept. 22, 2015, they own an aggregate of
1,750,555 shares of common stock of The Bon-Ton Stores, Inc., which
represents 9.72% of the approximately 18,008,327 shares outstanding
as reported in the Issuer's most recently filed Form 10-Q for the
quarterly period ended Aug. 1, 2015.

                              Shares of         % of Class
    Name                    Common Stock     of Common Stock
-----------                -------------    ---------------
Gabelli Funds, LLC            450,000             2.50%
GAMCO Asset Management Inc.   688,900             3.83%
Teton Advisors, Inc.          611,655             3.40%  

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

                      http://is.gd/6Yh5Eg

                     About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in
26 states in the Northeast, Midwest and upper Great Plains under
the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.

Bon-Ton Stores reported a net loss of $6.97 million on $2.75
billion of net sales for the fiscal year ended Jan. 31, 2015,
compared to a net loss of $3.55 million on $2.77 billion of net
sales for the fiscal year ended Feb. 1, 2014.  The Company reported
a net loss of $21.6 million for the fiscal year ended Feb. 2,
2013.

As of Aug. 1, 2015, the Company had $1.6 billion in total assets,
$1.58 billion in total liabilities and $15.5 million in total
shareholder's equity.

                           *     *     *

As reported by the TCR on May 15, 2013, Moody's Investors Service
upgraded Bon-Ton Stores's Corporate Family Rating to 'B3' from
'Caa1' and its Probability of Default Rating to 'B3-PD' from
'Caa1-PD'.

"The upgrade of Bon-Ton's Corporate Family Rating considers the
company's ability to drive modest same store sales growth as well
as operating margin expansion beginning in the second half of 2012
and that these positive trends have continued, with the company
reporting that its same store were positive, and EBITDA margins
expanded, in the first fiscal quarter of 2013," said Moody's Vice
President Scott Tuhy.

As reported by the TCR on May 17, 2013, Standard & Poor's Ratings
Services affirmed the 'B-' corporate credit rating on Bon-Ton
Stores.



BOOMERANG SYSTEMS: US Trustee Appoints HERE Lawrence to Committee
-----------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 cases of Boomerang
Systems Inc. and its affiliates appointed HERE Lawrence Property
Owner LLC to serve on the official committee of unsecured
creditors.

HERE Lawrence replaced Max Specialty Insurance Co., which was
appointed by the agency on Sept. 2, according to court filings.

The committee is now composed of:

     (1) HERE Lawrence Property Owner, LLC
         c/o Christopher A. Ward
         Polsinelli, PC
         222 Delaware Ave., Suite 1101
         Wilmington, DE, 19801
         Fax: (302) 252-0921

     (2) AV Excellence, LLC
         c/o Janna Shacklett
         6020 Parkway North Drive, Suite 100
         Cumming, GA 30040
         Fax: (888) 819-2307

     (3) Xaplos, Inc.
         c/o Mark Rodrigues
         5701 SW 196th LN
         Fort Lauderdale, FL 33332

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense.  They may investigate the debtor's business and financial
affairs.  Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.


BOOMERANG SYSTEMS: UST Wants 341 Meeting Continued to Oct. 9
------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 cases of Boomerang
Systems Inc. and its affiliates has requested to continue the
meeting of creditors to Oct. 9, 2015, at 10:30 a.m.

The U.S. trustee, the Justice Department's bankruptcy watchdog,
will hold the meeting at the J. Caleb Boggs Federal Building, 5th
Floor, Room 5209, 844 King Street, in Wilmington, Delaware.

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

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

                      About Boomerang Systems

Headquartered in Morristown, New Jersey, Boomerang Systems, Inc.
(Pink Sheets: BMER) through its wholly owned subsidiary, Boomerang
Utah, is engaged in the design, development, and marketing of
automated racking and retrieval systems for automobile parking and
automated racking and retrieval of containerized self-storage
units.

Boomerang Systems, Inc., and three affiliates sought Chapter 11
protection (Bankr. D. Del. Lead Case No. 15-11729) on Aug. 18,
2015.

The Company has engaged the law firms Togut, Segal & Segal LLP as
general bankruptcy counsel, Ciardi, Ciardi & Astin as local
bankruptcy counsel, and Garden City Group, LLC, as claims and
noticing agent.  In addition, the Company has retained the law firm
Berg & Androphy, which filed a lawsuit on Aug. 18, 2015 in the
Southern District of New York against the Company's defaulting
lender.


BOREAL WATER: Terry Johnson Performed Deficient Audits, Order Says
------------------------------------------------------------------
Boreal Water Collection, Inc. just received a copy of an Order of
the Securities and Exchange Commission in the Matter of Terry L.
Johnson, CPA, Respondent.  

As stated in the Order, Terry L. Johnson, CPA, performed highly
deficient audits and quarterly reviews of the financial statements
of at least eight issuer clients and issued audit reports
containing materially false statements on these annual financial
statements.  These audit reports were included in the issuers'
filings under the Exchange Act, including audit reports with
unqualified reports in the Form 10-K annual reports for six
clients, including Boreal Water Collection, Inc., for fiscal years
2012 and 2013.  The Order also states that Mr. Johnson's "audits
were so deficient that they amounted to no audits at all and could
not be relied upon as having afforded him with a reasonable basis
for his opinions regarding the financial statements that he
audited."

Accordingly, the Company is no longer relying on the audit reports
provided by Mr. Johnson and previously issued financial statements
for fiscal years 2012 and 2013.  Mr. Johnson also provided the
Company with an unqualified audit report for our fiscal year 2014,
which was included in our Form 10-K for fiscal year 2014.  This
report was not mentioned in the Order.  

"We are investigating whether we can rely on Mr. Johnson's
unqualified audit report for fiscal year 2014 and the financial
statements for 2014," the Company said.

The Company's management is currently seeking advice of counsel and
its current auditor on how to proceed.  The Company will update its
plans with additional informational filings.  Management is
committed to addressing this situation in a timely and responsible
manner.

A copy of the Order is available for free at:

                         http://is.gd/xwdtXX

                         About Boreal Water

Kiamesha Lake, N.Y.-based Boreal Water Collection, Inc., is a
personalized bottled water company specializing in premium custom
bottled water.

Boreal Water reported a net loss of $886,000 on $2.41 million of
sales for the year ended Dec. 31, 2014, compared with net income of
$613,000 on $2.15 million of sales for the year ended Dec. 31,
2013.

As of March 31, 2015, the Company had $3 million in total assets,
$2.68 million in total liabilities, and $314,000 in total
stockholders' equity.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014.  The accounting firm noted that  the
Company has incurred a deficit of approximately $3.6 million and
has used approximately $800,000 of cash due to its operating
activities in the two years ended Dec. 31, 2014.  The Company may
not have adequate readily available resources to fund operations
through Dec. 31, 2015.  This raises substantial doubt about the
Company's ability to continue as a going concern.



BROOKE CORPORATION: Ch. 7 Trustee's Clawback Suit vs. CJD Denied
----------------------------------------------------------------
Judge Dale L. Somers of the United States Bankruptcy Court for the
District of Kansas denied the motion filed by Christopher J.
Redmond, the Chapter 7 trustee for Brooke Corporation, Brooke
Capital, and Brooke Investments, Inc., seeking to avoid certain
transfers to CJD & Associates, LLC.

The adversary proceeding is CHRISTOPHER J. REDMOND, Chapter 7
Trustee of Brooke Corporation, Brooke Capital Corporation, and
Brooke Investments, Inc., Plaintiff, v. CJD & ASSOCIATES, LLC,
a/k/a Davidson-Babcock, Defendant, Adv. No. 11-6236 (Bankr. D.
Ks.).

The bankruptcy case is In Re: BROOKE CORPORATION, et al., Chapter 7
Debtors, Case No. 08-22786 (Jointly Administered)(Bankr. D. Ks.).

A full-text copy of memorandum opinion and order dated September 8,
2015, is available at http://is.gd/FT817lfrom Leagle.com.

Plaintiff is represented by:

         John J. Cruciani, Esq.
         Michael D. Fielding, Esq.  
         HUSCH BLACKWELL LLP
         4801 Main Street, Suite 1000
         Kansas City, MO 64112
         Phone: 816.983.8000
         Fax: 816.983.8080
         Email: john.cruciani@huschblackwell.com
                michael.fielding@huschblackwell.com

Defendant is represented by:

         Jason L. Bush, Esq.
         POLSINELLI PC
         900 W. 48th Place, Suite 900
         Kansas City, MO 64112
         Phone: 816.572.4764
         Fax: 913.273.1042
         Email: jbush@polsinelli.com

            -- and --

         Gregory P. Forney, Esq.
         SHAFFER LOMBARDO SHURIN
         911 Main Street, #2000
         Kansas City, MO 64105
         Phone:816-931-0500
         Email:gforney@sls-law.com

            -- and --

         Brendan L. McPherson, Esq.
         Paul D. Sinclair, Esq.
         POLSINELLI SHUGHART PC P.C.
         900 W. 48th Place, Suite 900
         Kansas City, MO 64112
         Tel: 816.753.1000
         Fax: 816.753.1536
         Email: bmcpherson@polsinelli.com
                psinclair@polsinelli.com

                       About Brooke Corp.

Based in Kansas, Brooke Corp. -- http://www.brookebanker.com/--   
was an insurance agency and finance company.  The company owned
81% of Brooke Capital.  The majority of the company's stock was
owned by Brooke Holding Inc., which, in turn was owned by the Orr
Family.  A creditor of the family, First United Bank of Chicago,
foreclosed on the BHI stock.  The company's revenues were
generated from sales commissions on the sales of property and
casualty insurance policies, consulting, lending and brokerage
services.

Brooke Corp. and Brooke Capital Corp. filed separate petitions for
Chapter 11 relief on Oct. 28, 2008; Brooke Investments, Inc. filed
for Chapter 11 relief on Nov. 3, 2008 (Bankr. D. Kan. Lead Case No.
08-22786).  Angela R. Markley, Esq., was the Debtors' in-house
counsel.  Albert Riederer was appointed as the Debtors' Chapter 11
trustee.  He acted as special master of Brooke in prepetition
federal court proceedings.  Benjamin F. Mann, Esq., John J.
Cruciani, Esq., and Michael D. Fielding, Esq,, at Husch Blackwell
Sanders LLP, and Kathryn B. Bussing, Esq., at Blackwell Sanders
LLP, represented the Chapter 11 trustee as counsel.  David A.
Abadir, Esq., and Robert J. Feinstein, Esq., at Pachulski Stang
Ziehl & Jones LLP, Kristen F. Trainor, Esq., and Mark Moedritzer,
Esq., at Shook, Hardy & Bacon, represented the Official Committee
of Unsecured Creditors as counsel.  The Debtors disclosed assets of
$512,855,000 and debts of $447,382,000.

On Oct. 29, 2008, the Court granted a motion to jointly administer
the bankruptcies of Brooke Corporation, Brooke Capital, and Brooke
Investment with the Brooke Corporation bankruptcy case being the
lead case.

The case was converted to Chapter 7 on June 29, 2009.  Christopher
J. Redmond was named Chapter 7 Trustee.  He is represented by
Benjamin F. Mann, Esq., John J. Cruciani, Esq., and Michael D.
Fielding, Esq., at Husch Blackwell LLP.


CABLEVISION SYSTEMS: Neptune Finco Gets Moody's "B1" CFR
--------------------------------------------------------
Moody's Investors Service has assigned a B1 corporate family rating
(CFR) and B1-PD probability of default rating (PDR) to Neptune
Finco Corp. ("Neptune"). Neptune is a wholly owned subsidiary of
Altice N.V. (unrated) which will finance its acquisition of
Cablevision Systems Corporation ("Cablevision", Ba2 review for
downgrade). Neptune will issue $10.6 billion of new debt
obligations, including a $5.3 billion secured guaranteed credit
facility, $1.5 billion of unsecured guaranteed notes due 2025 and
$3.8 billion of unsecured notes due 2025. The credit facility will
be comprised of a $3.3 billion 7-year term loan and a $2.0 billion
5-year revolving credit facility. Moody's has assigned Ba1 (LGD-2)
ratings to the credit facility and guaranteed notes and a B2
(LGD-4) rating to the unsecured notes. The ratings outlook for
Neptune is stable.

Upon close of Altice's proposed acquisition of Cablevision, Neptune
will be merged with and into CSC Holdings, LLC, a wholly owned
subsidiary of Cablevision. At that time, the B1 CFR on Neptune will
be withdrawn and the review for downgrade of Cablevision will be
concluded. The ratings assigned to Neptune reflect the expected
end-state capital structure of Cablevision and Moody's expects that
the post-close ratings for Cablevision's CFR and respective debt
classes will be in line with those assigned to Neptune today. If
the acquisition does not close as proposed, Neptune's ratings will
be withdrawn following the mandatory repayment of Neptune's debt
and Moody's will conclude Cablevision's review for downgrade with
ratings that reflect its current ownership and expected operating
performance.

A summary of today's actions follow:

Assignments:

Issuer: Neptune Finco Corp.

Corporate Family Rating, Assigned B1

Probability of Default Rating, Assigned B1-PD

Gtd Senior Secured Revolving Credit Facility, Assigned Ba1, LGD2

Gtd Senior Secured Term Loan, Assigned Ba1, LGD2

Gtd Senior Notes, Assigned Ba1, LGD2

Senior Notes, Assigned B2, LGD4

Outlook Actions:

Outlook, Assigned Stable

RATING RATIONALE

Neptune's B1 CFR reflects its high leverage of over 7x debt/EBITDA
(Moody's adjusted) at deal close and the significant business risk
inherent in Altice's aggressive cost reduction plans. Moody's
believes that Altice will quickly implement its cost cutting
programs and realize meaningful savings which will result in
falling leverage. However, if the cost cuts drive too fast a pace
of organizational change and headcount reduction, this could result
in disruptions to Cablevision's service quality and lead to market
share erosion. This business risk, combined with the elevated
financial risk from the debt raised to fund the transaction are
reflected in the B1 corporate family rating.

Moody's expects Cablevision's leverage to fall below 6x (Moody's
adjusted) by year end 2018 from over 7x at inception, primarily due
to planned cost reduction actions. Free cash flow as a percentage
of total Moody's adjusted debt will be strong at around 3% to 4%
starting in 2018. Moody's believes that Altice will achieve its
planned $450 million cost savings target in a phased approach over
a two to three year timeframe following the deal close. Moody's
views management's $450 million target as reasonable over this
timeframe, especially given Cablevision's below-average pre-deal
margins, historical expenses related to its family ownership and
Altice's management experience with acquisitions within the cable
industry.

Execution risk will dominate Cablevision's credit profile as Altice
balances the pace of cost cuts and service quality. Management has
articulated longer term cost reduction targets to the equity market
which far exceed $450 million in savings promised to bondholders.
Moody's views this more aggressive target as a longer term,
aspirational goal and does not anticipate the benefits above $450
million to occur within the ratings horizon (i.e. two to three
years). A material acceleration of these additional cuts would
likely add more execution risk than Neptune's B1 rating can
accommodate.

Cablevision competes head to head with Verizon's FiOS service in
about half of its urban footprint. Moody's views FiOS as a
competitive product offer that could attract subscribers at a
higher rate if Cablevision stumbles operationally. However,
Cablevision's industry leading penetration rates point to solid
operating performance. Notwithstanding the maturity of the core
video product, the relative stability of the subscription business
provides steady cash flow, and the high quality of Cablevision's
network positions it well to achieve growth in its residential and
commercial businesses despite the aforementioned competition.

The ratings for the debt instruments reflect the probability of
default of Neptune, to which Moody's assigns a PDR of B1-PD, and
the priority of claims within the company's capital structure. The
Ba1 (LGD-2) rated secured guaranteed credit facility and Ba1
(LGD-2) rated guaranteed notes issued by Neptune will benefit from
upstream guarantees from the majority of Cablevision's operating
company subsidiaries. The remaining unsecured notes, including the
$3.8 billion B2 rated notes issued by Neptune and the $3.1 billion
of existing unsecured notes at CSC Holdings have no guarantees and
are subordinate to the guaranteed debt

Neptune's ratings, and eventually Cablevision's, primarily reflect
a stand-alone assessment of its credit strength and do not
incorporate support from or to other entities among the broader
Altice NV group of companies, including Cequel Communications
Holdings I, LLC (B1, review for downgrade). However, the ratings do
consider management's capacity to operate the large and growing
group of companies, its aggressive financial policy and the
potential for cash to be extracted from subsidiaries to fund future
growth when and if the indentures/structures allow.

Moody's could lower the ratings of Neptune/Cablevision if leverage
is not on track to fall below 6x by year end 2018, if free cash
flow is negative or if liquidity deteriorates. Additionally, the
ratings could be lowered if the company experiences a weakening of
its competitive position, which would be evident by higher churn
and/or market share erosion. Moody's could upgrade the ratings of
Neptune/Cablevision if leverage falls comfortably below 5x and free
cash flow as a percentage of debt is sustained above 5%. Any
upgrade would be predicated upon stable market share and strong
operating statistics over a prolonged timeframe. But, given the
rapid pace of debt-financed M&A across the Altice NV group, it is
unlikely that Moody's would upgrade the ratings of
Neptune/Cablevision unless the credit profile of the entire group
were to improve commensurately.

Neptune Finco Corp. is a Delaware corporation and wholly owned
subsidiary of Altice NV which will be used to finance Altice's
acquisition of Cablevision Systems Corp. Upon close of the ultimate
transaction, Neptune Finco Corp. will be merged with and into CSC
Holdings LLC. Headquartered in Bethpage, New York, Cablevision
Systems Corporation serves approximately 2.6 million video
customers, 2.8 million high speed data customers, and 2.2 million
voice customers in and around the New York metropolitan area.
Cablevision is the direct parent of CSC Holdings, LLC (CSC), which
also owns Newsday LLC, the publisher of Newsday and other niche
publications. Revenue for LTM June 30, 2015 was approximately $6.5
billion.


CABLEVISION SYSTEMS: S&P Keeps 'BB-' CCR on CreditWatch Negative
----------------------------------------------------------------
Standard & Poor's Ratings Services said it kept its ratings on New
York City-based Cablevision Systems Corp., including its 'BB-'
corporate credit rating, on CreditWatch, where S&P originally
placed them with negative implications on Sept. 17, 2015.

At the same time, S&P assigned its 'BB-' issue-level rating and '1'
recovery rating to CSC Holdings LLC's proposed $4.3 billion senior
secured credit facility and $2 billion senior guaranteed notes due
2025.  The '1' recovery rating reflects S&P's expectation for very
high (90%-100%) recovery for lenders in the event of a payment
default.  The facility consists of a $2 billion revolving credit
facility due 2020 and a $2.3 billion term loan B due 2022.  The
proposed debt will ultimately reside at CSC Holdings once the
transaction closes.

In addition, S&P assigned its 'B-' issue-level rating and '5'
recovery rating to CSC Holdings LLC's proposed $4.3 billion of
senior unsecured notes.  The '5' recovery rating reflects S&P's
expectation for modest (10%-30%; higher end of the range) recovery
for lenders in the event of a payment default.  The proposed debt
will ultimately reside at CSC Holdings once the transaction
closes.

S&P expects proceeds from the proposed debt issuances, along with
about $3.3 billion of equity and roughly $890 million of cash, will
be used to fund the equity purchase price of $10 billion and
refinance existing credit facilities at CSC Holdings and Newsday.

Ratings on existing debt at CSC Holdings and Cablevision remain on
CreditWatch with negative implications.  Upon close of the
transaction, S&P expects to lower its issue-level rating on CSC
Holding's existing senior unsecured notes to 'B-' from 'BB' and
revise S&P's recovery rating on this debt to '5' from '2', in line
with the proposed senior notes.  In addition, S&P would expect to
lower its issue-level rating on the existing subordinated debt at
Cablevision to 'CCC+' from 'B' and leave the recovery rating on
this debt unchanged at '6'.

"The continued CreditWatch with negative implications reflects the
likelihood that we will lower our corporate credit rating on
Cablevision to 'B' from 'BB-' upon close of the transaction," said
Standard & Poor's credit analyst Michael Altberg.

Pro forma adjusted leverage is elevated at about 7.6x for 2015,
compared to S&P's original expectation of leverage in the mid-4x
area this year.  Although the company could reduce leverage below
7x over the near term, S&P believes there is uncertainty regarding
the achievement of planned cost savings and the impact that cost
cutting could have on the company's business risk profile.  Altice
has publically targeted approximately $900 million in cost savings,
which translates into about 20% of operating expenses and over 30%
of non-programming related operating expenses.  S&P believes there
is scope for cost reduction, especially in the areas of general and
administrative (G&A) expenses; however, it has assumed a more
modest level of cost savings under its base-case scenario (below
10% of total operating expenses) based on a greater haircut to
customer and network operations savings.  Altice has a track record
of reducing costs in very competitive markets, which the company is
looking to replicate given Cablevision's over 50% overlap with
Verizon FiOS.  Given the maturity of Cablevision's operations, our
ratings incorporate the potential for execution risk.  With below
industry average revenue growth potential in the 1%-2% area over
the next few years, Altice will need to focus on protecting market
share while implementing cost cuts.

The CreditWatch listing reflects the likelihood of a two-notch
downgrade of the company to 'B' from 'BB-' upon close of the
proposed transaction.  S&P will continue to monitor developments
around the transaction and update its CreditWatch accordingly.



CAESARS ENTERTAINMENT: Examiner Questions Duplicative, Pricey Fees
------------------------------------------------------------------
Cara Salvatore at Bankruptcy Law360 reported that law firms' spring
2015 fees in the contentious bankruptcy of Caesars Entertainment
Operating Co. raised serious concerns with an independent examiner,
who said the original bills of Kirkland & Ellis LLP, Jones Day,
Winston & Strawn LLP, DLA Piper and others were often duplicative,
overused the most expensive attorneys and included vague travel
expenses.

The report filed by the office of independent fee examiner Nancy
Rapoport revealed concerns across the biggest bills in the
bankruptcy. Many of the issues raised have already been fixed.

                  About Caesars Entertainment

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

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

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

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

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

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

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

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

                         *     *     *

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

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


CALMARE THERAPEUTICS: Appoints Amato as Chief Medical Officer
-------------------------------------------------------------
Calmare Therapeutics Incorporated has appointed Stephen J. D'Amato,
M.D., F.A.C.E.P., chief medical officer of the Company.

As part of Dr. D'Amato's duties and responsibilities as the
Company's chief medical officer and corporate executive, he will
spearhead CTI's Centers of Excellence initiative, which was
discussed last year at the Company's annual general meeting in New
York City.

On being offered an executive position with CTI, Dr. D'Amato said,
"I am very excited to be part of Calmare Therapeutics, and its
on-going thrust to treat chronic pain sufferers with Calmare Pain
Mitigation Therapy throughout the world.  Over the years, I have
become extremely comfortable treating patients with Calmare.  I am
convinced of the good it does by giving these patients their lives
back; and, without the need for prescription drugs.

"I also feel that the Center of Excellence approach in establishing
a greater network of pain treatment clinics may be the key to
expanding Calmare's reach.  I look forward to the progress we can
achieve over the next 15 months," he concluded.

Dr. D'Amato will continue to treat patients from his private
practices in Rhode Island and forthcoming facility in Southwest
Florida.  He will be available to all Calmare physicians and
practitioners as a source of reference.

"We are very proud of bringing on Dr. D'Amato as our new CMO and
permanent member of our executive team," said Calmare Therapeutics
president & CEO Conrad Mir.  "His medical expertise, Calmare
treatment acumen and hand's-on and facility operating proficiency
adds a critical facet to CTI.

The Company does not have an employment agreement with D'Amato.
However, in connection with D'Amato's appointment, the Company and
D'Amato have agreed to terms to be memorialized in an agreement.
Under the agreed upon terms of the term sheet, Dr. D'Amato's
compensation includes a base salary of $180,000 per annum, bonus
eligibility equal to 40% of Dr. D'Amato's base salary, payable
annually, subject to meeting goals and objectives created by the
Company's Board of Directors.  Additionally, Dr. D'Amato will be
granted 300,000 stock options.  These terms are subject to
modification until a formal employment agreement is executed.

                   About Calmare Therapeutics

Calmare Therapeutics Incorporated, formerly known as Competitive
Technologies, Inc., provides distribution, patent and technology
transfer, sales and licensing services focused on the needs of its
customers and matching those requirements with commercially viable
product or technology solutions.  Sales of the Company's
Calmare(R) pain therapy medical device continue to be the major
source of revenue for the Company.

Calmare reported a net loss of $3.4 million on $1 million of
product sales for the year ended Dec. 31, 2014, compared to a net
loss of $2.6 million on $652,792 of product sales for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $4.4 million in total assets,
$12.1 million in total liabilities and a $7.7 million total
shareholders' deficit.

Mayer Hoffman McCann CPAs, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has incurred operating
losses since fiscal year 2006 and has a working capital and
shareholders' deficiency at Dec. 31, 2014.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.



CANADIAN SOLAR: Moody's Assigns Ba2 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service has assigned a first-time Ba2 corporate
family rating to Canadian Solar Inc. (CSI).

The rating outlook is stable.

RATINGS RATIONALE

"CSI's Ba2 corporate family rating primarily reflects its leading
market position in the global solar module manufacturing business
as well as its diversification into the downstream solar farm
business," says Wan Hee Yoo, a Moody's Vice President and Senior
Analyst.

CSI is a leading solar module manufacturer globally, with solar
module total shipments of 2.1 gigawatts (GW) in 1H 2015, which
ranked it number two globally.

The company is also a leading solar power developer in the North
American market. It had built and connected cumulative solar power
plants of 608 megawatts (MW) by end-2014 and had approximately 2.6
GW of late-stage, utility scale solar projects as of 18 August
2015. Such solar project assets enhance its operating stability and
financial flexibility, given the more stable nature of this
business.

Moody's expects the long-term fundamentals of the solar industry to
remain favorable, supported by the global drive for clean energy
generation and the gradual fall in costs to generate solar power.
In addition, Moody's expects global market conditions to remain
reasonably supportive over the next 12-18 months, prior to the US
investment tax credit step-down at end-2016.

"However, the rating is constrained by the inherent cyclicality and
volatility of the solar industry, as well as by CSI's increased
financial leverage due to its strategy to own large-scale solar
power projects," adds Yoo.

CSI is exposed to the highly cyclical nature of the solar industry,
as barriers to entry are low and global solar power demand is still
highly reliant on government policies and incentives, which
continue to evolve.

These risks are partly mitigated by its downstream-centered
operations, which are less cyclical than upstream operations.

CSI is shifting its business strategy for its solar power projects
to a build-to-hold model from its previous build-to-sell model. As
part of this shift, the company plans to launch a yieldco in late
2015 or early 2016 based on its contracted solar power assets in
developed countries.

The transition to its new business model will increase its
financial leverage significantly in 2015, because of the sizable
debt it will incur to fund its large capex of about $2 billion and
the loss of earnings from its previous sales of solar power
projects.

As such, Moody's expects CSI's adjusted debt/EBITDA to rise to
about 7.0x in 2015 from 3.0x in 2014. This level of leverage is
weak for the Ba2 rating category.

Moreover, its ability to raise proceeds through the launch of the
yieldco is subject to the volatile equity market conditions.

However, these concerns are mitigated by the following factors:

1) Its financial leverage will likely improve to about 5.5x in 2016
through the launch of the yieldco and the sale of the yieldco stake
to investors, as well as the higher earnings contributions from
increased solar module shipments and solar power plants.

2) The company has sizable cash holdings. Therefore, its adjusted
net debt/EBITDA would be lower at around 4.5x in 2015 and 3.5x in
2016.

3) CSI has significant operating flexibility, backed by investors'
strong appetite for contracted solar power projects. Moody's
believes the company will have little difficulty in reverting back
to the build-to-sell model should the yieldco market remain
unfavorable.

4) This transition will provide greater operating stability in
terms of its earnings and cash flow in the longer term, given the
stable cash flow from solar power projects.

CSI's liquidity is moderate, given its large capital expenditures
and sizable short-term debt. However, this weakness is mitigated by
its good access to project-based secured financing and strong
business profile.

The stable rating outlook reflects Moody's expectation that CSI
will maintain its leading position in the solar module
manufacturing business while diversifying its business portfolio
into the downstream solar power business, and that its financial
profile will remain consistent with the current rating category
over the next 1-2 years.

Upward pressure on the ratings could arise over time if CSI
successfully diversifies its business portfolio, generates
significant earnings in its downstream solar power business, and
its adjusted debt/EBITDA remains below 4x on a sustained basis.

The rating could be downgraded if its position in the global solar
module manufacturing industry weakens significantly, or if
management undertakes a more aggressive financial policy than
expected. Specifically, the rating could be downgraded if adjusted
debt/EBITDA exceeds 5.5x-6.0x on a sustained basis. The rating
could also come under pressure if the company's liquidity profile
weakens considerably, or if its ability to sell solar power
projects weakens because of material negative changes in investors'
appetite.


CANCER GENETICS: Gives Corporate Presentation to Investors
----------------------------------------------------------
Cancer Genetics, Inc. distributed to the investment community a
corporate presentation dated Sept. 22, 2015.  The Company notes
that this corporate presentation updates and corrects certain
information contained in presentation previously posted to the
Company's Web site and previously circulated to certain members of
the investment community by a third party.  The corporate
presentation is available for free at:

                        http://is.gd/8mLaOz

                       About Cancer Genetics

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

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

As of June 30, 2015, the Company had $39.8 million in total assets,
$13 million in total liabilities and $26.7 million in total
stockholders' equity



CASPIAN SERVICES: WSRP Replaces Haynie & Company as Auditors
------------------------------------------------------------
Caspian Services, Inc., dismissed Haynie & Company, CPAs effective
Sept. 22, 2015.  The dismissal was approved by the board of
directors of the Company.

Haynie' audit partner on its account had left the firm to join the
firm of WSRP, LLC.

Haynie's reports on the financial statements for the fiscal years
ended Sept. 30, 2014, and 2013 contained a going concern note
resulting from the fact that the Company had negative working
capital in each of the past two fiscal years.  Other than the
foregoing, Haynie's reports on the financial statements for the
fiscal years ended Sept. 30, 2014, and 2013 did not contain an
adverse opinion or a disclaimer of opinion and were not qualified
or modified as to uncertainty, audit scope, or accounting
principles.

During the Company's two most recent fiscal years and the period
through Sept. 22, 2015, there were no disagreements with Haynie on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which
disagreements.

On Sept. 22, 2015, the Company engaged WSRP as its new independent
registered public accounting firm.  The decision to engage WSRP was
approved by the Board.  One of the partners with WSRP is the same
auditor who was engaged on the audit of the Company while at
Haynie.

During the fiscal years ended Sept. 30, 2014, and 2013 and during
any subsequent interim period preceding the date of engagement,
neither the Company, nor anyone acting on its behalf, consulted
with WSRP.

                     About Caspian Services

Headquartered in Salt Lake City, Caspian Services, Inc., was
incorporated under the laws of the state of Nevada on July 14,
1998.  Since February 2002 the Company has concentrated its
business efforts to provide diversified oilfield services to the
oil and gas industry in western Kazakhstan and the Caspian Sea,
including providing a fleet of vessels, onshore, transition zone
and marine seismic data acquisition and processing services and a
marine supply and support base in the port of Bautino, in Bautino
Bay, Kazakhstan.

Caspian reported a net loss of $18.8 million on $29.9 million of
total revenue for the year ended Sept. 30, 2014, compared with a
net loss of $11.8 million on $33.08 million of total revenues for
the year ended Sept. 30, 2013.

The Company's independent auditors, Haynie & Company, P.C., in Salt
Lake City, Utah, issued a "going concern" qualification on the 2014
consolidated financial statements citing that, "[A] Company
creditor has indicated that it believes the Company may be in
violation of certain covenants of certain substantial financing
agreements.  The financing agreements have acceleration right
features that, in the event of default, allow for the loan and
accrued interest to become immediately due and payable."  According
to the auditors, as a result of this uncertainty, the Company has
included the note payable and all accrued interest as current
liabilities at Sept. 30, 2014.  At Sept. 30, 2014, the Company had
negative working capital of $85.0 million and for the year ended
Sept. 30, 2014, the Company had a net loss of $16.6 million."



CHARDON LLC: Bid to Employ Neal Wolf as Bankr. Counsel Granted
--------------------------------------------------------------
Judge Thomas M. Lynch of the United States Bankruptcy Court for the
Northern District of Illinois granted Chardon Corporate's
application to employ Neal L. Wolf and associated attorneys as
bankruptcy counsel.

The United States Trustee and secured creditor, FirstMerit Bank,
N.A., objected to the Debtor's application to employ.

The U.S. Trustee withdrew his objection based on the supplemental
declaration only to file a second objection to the application on
August 7, 2013.  In the August objection, the U.S. Trustee alleged
that NW&A had signed a separate, previously undisclosed engagement
letter with Donald Wolf, Sr., Donald Wolf, Jr., David Wolf and
"certain affiliated entities" on December 20, 2012.  The 2012
engagement letter contained a reference to the receipt of a $25,000
retainer.  The U.S. Trustee asserted that NW&A first turned over
that engagement letter on July 24, 2013, only after the court
ordered its production.  The U.S. Trustee further asserted that
NW&A and the Debtors had failed to establish that the engagement
had been terminated and alleged that NW&A appeared to have a
conflict of interest from receiving the proceeds of potentially
avoidable fraudulent transfers.  The U.S. Trustee noted that NW&A
did not produce the December 20, 2012, engagement letter with the
Wolf Individuals until July 24, 2013, and only after the court
compelled it to do so.

The Court does not find that disqualification of the Debtor's
choice of counsel is the appropriate sanction for delay in turning
over the requested document.  In particular, the Court noted that
NW&A initially asserted an attorney/client privilege -- notably a
privilege of Wolf Individuals who were not at the time bankruptcy
debtors -- and after the court entered an order on July 15, 2013,
requiring disclosure of certain categories of documents, NW&A
quickly produced the engagement letter.  Noting that the December
engagement letter does not expressly reference any of the Chardon
Corporate Debtors, the court finds at the very least that the
Debtor held a good faith initial belief that its filing was not
required.

The bankruptcy case is In re Chardon, LLC, et al., Chapter 11,
Debtors, Bankruptcy No. 13-B-81372 (Jointly Administered)(Bankr.
N.D. Ill.).

A full-text copy of the memorandum opinion dated September 2, 2015,
is available at http://is.gd/br3To0from Leagle.com.

The Debtor is represented by:

         Dean C. Gramlich, Esq.
         Neal L. Wolf, Esq.
         MUCH SHELIST, P.C.
         191 North Wacker Drive, Suite 1800
         Chicago, IL 60606.1615
         Phone: 312.521.2000
         Fax: 312.521.2100
         Email: nwolf@muchshelist.com

Patrick S Layng, U.S. Trustee, represented by Thomas P Walz, US
Trustee.


CLINTON COUNTY: Application to Employ FBT as Special Atty. Denied
-----------------------------------------------------------------
Judge Joan A. Lloyd of the United States Bankruptcy Court for the
Western District of Kentucky denied Clinton County Hospital, Inc.'s
application to employ Frost Brown Todd, LLC, as special counsel.

On or around September 15, 2003, October 14, 2003 and August 22,
2012, the Debtor engaged FBT to provide legal services pursuant to
multiple Multi-representation Agreements and a Contingency Fee
Agreement of similarly selected Kentucky based hospitals insured
through Reciprocal of America.  Through the application, the Debtor
sought Court approval to continue FBT's employment as special
counsel after the Petition Date.

The Court found that the Debtor's Application to employ FBT meets
most of the factors set forth in In re Twinton Properties.
However, the U.S. Trustee objects to the Application and the Court
found that the Debtor has failed to satisfactorily explain to the
Court its failure to seek pre-employment approval.  The Court
explains that it retroactively approves nunc pro tunc applications
when those applications are filed within a reasonable amount of
time following the filing of the Petition.  Here, the reason for
the delay set forth in the Application is that due to the
"organizational size" of the Debtor and FBT, it would have been
burdensome to cease all representation until the Application was
approved by the Court.  This is not a sufficient reason, Judge
Lloyd held.  The Debtor's failure to satisfactorily explain its
failure to file the Application for nearly eight months after the
filing of the Petition does not meet the criteria of In re Twinton
Properties, Judge Lloyd ruled.

The bankruptcy case is IN RE: CLINTON COUNTY HOSPITAL, INC. f/d/b/a
CLINTON COUNTY WAR MEMORIAL HOSPITAL, Debtor, Case No.
14-34137(1)(11)(Bankr. W.D. Ky.).


A full-text copy of Judge Lloyd's memorandum-opinion dated
September 3, 2015, is available at http://is.gd/YI9g9Gfrom
Leagle.com.

Debtor is represented by:

         David M. Cantor, Esq.
         Charity Bird Neukomm, Esq.
         SEILLER WATERMAN LLC
         462 S. Fourth Street, 22nd Floor
         Louisville, KY 40202
         Phone: 502-584-7400
         Fax: 502-583-2100
         Email: cantor@derbycitylaw.com
                neukomm@derbycitylaw.com

            -- and --

         Matthew Klein, Esq.
         DREESSMAN BENZINGER LAVELLE PSC
         321 W. Main Street, #2100
         Louisville, KY 40202
         Phone: (502) 572-2500
         Email: mklein@dbllaw.com

            -- and --

         Anna White, Esq.
         ANNA WHITES LAW OFFICE
         327 Logan St.
         Frankfort, KY 40601
         P.O. Box 4023
         Phone: (502) 352-2373
         Fax: (502) 352-6860
         Email: annawhites@aol.com

Charles R. Merrill, US Trustee is represented by Scott J. Goldberg
and John R. Stonitsch of the Office of the US Trustee.

Clinton County Hospital, Inc., fdba Clinton County War Memorial
Hospital, sought protection under Chapter 11 of the Bankruptcy Code
on Oct. 15, 2014 (Bankr. W.D. Ky., Case No. 14-11079).  The case is
assigned to Judge Joan A. Lloyd.  The Debtor's counsel is David M.
Cantor, Esq., at Seiller Waterman LLC, in Louisville, Kentucky.


COCRYSTAL PHARMA: Appoints Jeffrey Meckler Permanent CEO
--------------------------------------------------------
Cocrystal Pharma, Inc. and Jeffrey Meckler, the Company's interim
chief executive officer, entered into an employment agreement,
subject to ratification by the Company's board of directors,
pursuant to which Mr. Meckler will be appointed the Company's chief
executive officer on a non-interim basis effective Oct. 1, 2015.  

Pursuant to the agreement, Mr. Meckler will receive an annual
salary of $340,000 and be eligible for an annual bonus equal to up
to 50% of his base salary, subject to achievement of certain
performance targets to be set by the Company's Compensation
Committee.  In addition, Mr. Meckler will receive a grant of
16,000,000 ten-year stock options, vesting in five equal annual
increments with the first vesting date being one year from grant
date, subject to continued employment on each applicable vesting
date and accelerated vesting under certain conditions.  Mr.
Meckler's employment is on an at-will basis.

In addition, on Sept. 18, 2015, the Company and Dr. Douglas Mayers
entered into an employment agreement, subject to ratification by
the Company's board of directors, pursuant to which Dr. Mayers will
be appointed the Company's chief medical officer effective Sept.
30, 2015.

Pursuant to the agreement, Dr. Mayers will receive an annual salary
of $280,000 and be eligible for an annual bonus equal to up to 35%
of his base salary, subject to achievement of certain performance
targets to be set by the Company's Compensation Committee.  In
addition, Dr. Mayers will receive a grant of 2,400,000 ten-year
stock options, vesting in four equal annual increments with the
first vesting date being one year from grant date, subject to
continued employment on each applicable vesting date and
accelerated vesting under certain conditions.  Dr. Mayer's
employment is on an at-will basis.

From 2014 through 2015, Dr. Mayers was employed by the United
States Army Medical Research Institute of Infectious Diseases. From
2007 through 2014, Dr. Mayers served as the chief medical officer
and executive vice president at Idenix Pharmaceuticals, where he
led the Infectious Disease programs.  Prior to Idenix, from 2001
through 2007, Dr. Mayers served as the International Head/Vice
President of the Virology Therapeutic Area at Boehringer Ingelheim.
Dr. Mayers is 62 years old.

                       About Cocrystal Pharma

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

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

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

As of June 30, 2015, the Company had $269.12 million in total
assets, $72.6 million in total liabilities and $196.52 million in
total stockholders' equity.



COL-G FITNESS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Col-G Fitness, Inc.
        100 Marcus Drive, Unit 2
        Melville, NY 11747

Case No.: 15-74067

Chapter 11 Petition Date: September 24, 2015

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Andrew M Thaler, Esq.
                  THALER LAW FIRM PLLC
                  675 Old Country Road
                  Westbury, NY 11590
                  Tel: (516) 279-6700
                  Fax: (516) 279-6722
                  Email: athaler@athalerlaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Greeley, owner.





List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
100 Marcus Associates                  Rent              $123,952

Art Stone Theatrical                Prior landlord-       $10,500
                                        rent

Cap Barbell, Inc.                 Equipment Purchase      $11,139

CD Wellness, Inc. & James King    Equipment Purchase       $8,500

Greenleaf Logistics LLC                Freight            $14,075

Internal Revenue Service             Federal Tax         $347,034
1180 Veterans
Memorial Highway
Attn: Erik Steinbach
Hauppauge, NY 11788-4457

InXpress                               Freight            $20,560

Janet Greeley                           Loan             $146,425

John Joyce                        Equipment Purchase      $32,000

KAC Fitness Equipment Inc               Loan              $43,083

Meabed Firm                        Equipment Refund       $14,000

Mid-City Gym                      Equipment Purchase       $9,500

NYS Dept of Taxation & Finance       Withholdings         $53,954

NYS Unemployment Ins.                Unemployment         $33,765
                                      Insurance

Penske Truck Leasing Co., L.P            Lease            $97,032

PSEG Long Island                       Utility            $13,209

TD Bank                               Overdraft            $8,134

Worldwide Express                      Freight             $6,670

XPO Global Logistics                   Freight            $12,936

XPO Logistics, Inc.                    Freight            $22,703


CORINTHIAN COLLEGES: Amended Liquidation Plan Declared Effective
----------------------------------------------------------------
BankruptcyData reported that Corinthian Colleges' Third Amended and
Modified Combined Disclosure Statement and Chapter 11 Plan of
Liquidation became effective, and the Company emerged from Chapter
11 protection.

The Court confirmed the Plan on August 28, 2015.  "The Combined
Plan and Disclosure Statement contemplates the creation of two
separate trusts: (i) the Distribution Trust, which, pursuant to the
terms of this Combined Plan and Disclosure Statement and the
Distribution Trust Agreement, will be for the benefit of all
Holders of Allowed Claims other than Student Claims and Government
Education Claims; and (ii) the Student Trust, which, pursuant to
the terms of the Combined Plan and Disclosure Statement and the
Student Trust Agreement, will be for the benefit of Allowed Student
Claims and Allowed Government Education Claims.

Significantly, the Combined Plan and Disclosure Statement provides
for the Prepetition Secured Parties to release any Liens they may
otherwise have upon, and forgo any recoveries from, the Student
Refund Reserve, thereby enabling the Debtors to transfer their
rights and interest in those funds (other than $150,000 which shall
be used to pay, in part, the Non-Subordinated WARN 507(a)(4) Claim
as set forth in Section VIII.A.3.c of the Combined Plan and
Disclosure Statement) to the Student Trust, which, subject to the
terms of the Student Trust Agreement, may result in the
implementation of one or more Student Claims Benefit Programs.  The
Student Claims Benefit Programs have the potential to assist all
Students harmed by the sudden shut down of the Debtors' schools."
The post-secondary education provider filed for Chapter 11
protection on May 4, 2015, listing $1 billion in prepetition
assets.

AS reported by the Troubled Company Reporter on Sept. 1, 2015,
according to Mark D. Collins, Esq., Richards, Layton & Finger,
P.A., in Wilmington, Delaware, following the filing of the Plan,
the Debtors made a further revision thereto at the request of the
Attorney General's Office for the State of California.  The changes
incorporated into the Revised Plan do not require changes proposed
confirmation order, which has been circulated to and accepted by
counsel to the Administrative Agent, counsel to the Official
Committee of Unsecured Creditors, counsel to the Official Committee
of Student Creditors, and counsel to the WARN Claimants.

The Combined Plan incorporates a compromise between the Debtors,
the Official Committee of Unsecured Creditors, the Student
Committee and the Prepetition Secured Parties as to the
Distribution of the Debtors' assets already liquidated or to be
liquidated over time to the Holders of Allowed Claims in accordance
with the terms of the Combined Plan and Disclosure Statement and
the priority of claims provisions of the Bankruptcy Code.

The Combined Plan provides for the Prepetition Secured Parties to
release any liens they may otherwise have upon, and forgo any
recoveries from, the Student Refund Reserve, thereby enabling the
Debtors to transfer their rights and interest in those funds (in
the approximate amount of $4.3 million) to the Student Trust.

A full-text copy of the Plan Confirmation Order is available
at http://bankrupt.com/misc/CCIplanord0828.pdf

                    About Corinthian Colleges

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

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

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

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


CROSSFOOT ENERGY: Can Hire John Boylan as CRO
---------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas
granted the motion filed by Crossfoot Energy LLC and its
debtor-affiliates to employ John P. Boylan as their chief
restructuring officer as of June 16, 2015.

Mr. Boylan will:

     a) open and close bank accounts for the Debtors;

     b) transfer funds of the Debtors;

     c) cause the Debtors to modify, amend, terminate and enforce
any of their any contractual rights;

     d) cause the Debtors to enter into any agreement or contract
that is reasonably necessary to the completion of the contemplated
sale of their assets under Section 363 of the Bankruptcy Code;

     e) cause the Debtors to comply with all guidelines of the
office of the United States Trustee;

     f) cause the Debtors to pursue, settle or comprise any
litigation, controversy or other dispute involving the Debtors;

     g) make employment related decisions following consultation
with the Debtors' counsel;

     h) cause the Debtors to exercise the Debtors' rights under the
Debtors' agreements and other agreements in favor of the Debtors;

     i) cause the Debtors to repair and bring bank on-line certain
assets of the Debtors in consultation with prosperity, the Debtors'
senior secured lender;

     j) complete a 363 sale of the Debtors' assets; and

     k) cause the Debtors to prepare one or more plans of
reorganization, or take any and all action in the Debtors'
bankruptcy cases.

The Debtors said they will pay a monthly fee of $10,000 to Mr.
Boylan for his services as CRO.

The Debtors assured the Court that Mr. Boylan is a "disinterested
person" within the meaning of Section 101(14) of the Bankruptcy
Code.

Mr. Boylan can be reached at:

   John P. Boylan, CPA
   President
   EJC GP LLC
   801 Travis, Suite 1425
   Houston, TX 77002
   Tel: (713) 222-6479
   Cel: (713) 816-0440
   Email: jboylan@ejc-ventures.com

                  About Crossfoot Energy

Based in Fort Worth, Texas, with a field office in Midland, Texas,
CrossFoot Energy, LLC, and its affiliates operate an oil and gas
company focused on the acquisition and improvement of lower-risk,
long live proven reserves. CrossFoot's primary production occurs
out of the Siluro-Devonian formation with significant additional
shallower reserves behind-pipe in the Spraberry, Wolfcamp, Strawn,
Penn Lime and Mississippian formations.

CrossFoot Energy, LLC, and its affiliates sought Chapter 11
protection (Bankr. N.D. Tex. Case No. 14-44668) in Ft. Worth, Texas
on Nov. 20, 2014. The case is assigned to Judge Russell F. Nelms.

Jeff P. Prostok, Esq., at Forshey & Prostok, LLP, in Ft. Worth,
Texas, serves as counsel to the Debtors. As of the Petition Date,
secured creditor Prosperity Bank is owed $12.1 million.


CROWN CASTLE: S&P Puts 'BB+' CCR on CreditWatch Positive
--------------------------------------------------------
Standard & Poor's Ratings Services said it placed its 'BB+'
corporate credit rating on Houston-based Crown Castle International
Corp. on CreditWatch with positive implications.

In addition, S&P placed its 'BBB' issue rating on subsidiary Crown
Castle Operating Co.'s and CC Holdings GS V's senior secured debt
on CreditWatch with negative implications.  The '1' recovery rating
indicates S&P's expectation for very high (90%-100%) recovery in
the event of payment default.

S&P is also affirmed its 'BB+' issue rating on CCI's senior
unsecured debt.  The '4' recovery rating indicates S&P's
expectation for average (30%-50%, at the lower end) recovery in the
event of payment default.

"The positive CreditWatch listing follows our sector review of the
U.S. wireless tower operators," said Standard & Poor's credit
analyst Scott Tan.

As a result of the review, S&P raised the adjusted leverage
threshold for a 'BBB-' rated company in the sector to 6.5x from
6.0x based on S&P's current view of the business, its expectation
for continued strong wireless demand, and limited material downside
risk from network densification and small cell investments.  The
U.S. tower industry is characterized by a very high predictability
of cash flows and low volatility because of long-term contracts and
high renewal rates from large telecommunications carrier customers.
As a result, S&P's CreditWatch listing is based primarily on CCI's
long-term financial policy, including shareholder returns and
acquisitions. As of June 30, 2015, the company's adjusted leverage
is in the mid-6x area, and S&P expects some modest improvement to
the low-6x area as a result of EBITDA growth.

"The placement of our issue rating on CCI's senior secured debt on
CreditWatch negative is based on our issue-level rating criteria.
CCI's secured debt is rated 'BBB', two notches above the 'BB+'
corporate credit rating.  If we decide to raise the corporate
credit rating on CCI to 'BBB-', the senior secured debt rating
would no longer benefit from any notching.  Similarly, CCI's
unsecured debt would also not benefit from any notching.  CCI's
unsecured debt is rated 'BB+', the same as the 'BB+' corporate
credit rating. According to our issue-level rating criteria for
investment-grade companies, we would lower a company's unsecured
debt one notch from the corporate credit rating if a company's
priority obligations, including secured debt, are greater than 20%
of adjusted total assets.  Since we estimate CCI's priority
obligations to be greater than 20% of adjusted total assets, we
would lower the company's unsecured debt by one notch from the
corporate credit rating.  This would result in a 'BB+' rating for
the unsecured notes, the same rating as it is now.  As a result, we
are affirming our "BB+" issue rating on CCI's senior unsecured
debt," S&P said.

S&P aims to resolve the CreditWatch within the next three months.
S&P could raise the corporate credit rating by one notch or affirm
it, depending primarily on the company's long-term financial
policy, including potential acquisitions or distributions to
shareholders.  A rating upgrade would be dependent on the company's
commitment to reduce leverage to below 6.5x on a sustained basis.



CTI BIOPHARMA: Has $15.7 Million Registered Direct Offering
-----------------------------------------------------------
CTI BioPharma Corp. announced that it has entered into an agreement
with institutional investors to purchase 10 million shares of the
Company's common stock in a registered direct offering conducted
without an underwriter or placement agent for gross proceeds to the
Company of approximately $15.7 million at a purchase price per
share of $1.57, equal to the consolidated closing bid price on The
NASDAQ Global MarketSM on Sept. 23, 2015. The net proceeds from the
Offering, after deducting estimated offering expenses, will be
approximately $15.1 million.

CTI BioPharma plans to use the net proceeds from the Offering to
support the continued clinical development of its lead product
candidate, pacritinib, as a potential new treatment for patients
with myelofibrosis, and additional research into new indications
outside of myelofibrosis, and for general corporate purposes.  The
Offering is expected to close on or about Sept. 29, 2015.

The shares of common stock are being offered by CTI BioPharma
pursuant to a shelf registration statement previously filed with
the Securities and Exchange Commission, which the SEC declared
effective on Dec. 8, 2014.  A prospectus supplement related to the
Offering will be filed with the SEC and will be available on the
SEC's Web site located at http://www.sec.gov. Alternatively, CTI
BioPharma will arrange to send you the prospectus supplement and
the accompanying prospectus upon request to CTI BioPharma Investor
Relations by calling (206) 272-4345 or writing
invest@ctibiopharma.com.

                         About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $96 million in 2014, compared with a net loss
attributable to common shareholders of $49.6 million in 2013.

As of March 31, 2015, the Company had $63.1 million in total
assets, $48.7 million in total liabilities, $240,000 in common
stock purchase warrants, $14.1 million in total shareholders'
equity.



CTI BIOPHARMA: Shareholders Elect Six Directors at Annual Meeting
-----------------------------------------------------------------
An annual meeting of shareholders of CTI BioPharma Corp. was held
on Sept. 23, 2015, at which the shareholders:

   (a) elected Dr. James A. Bianco, Ms. Karen Ignagni, Mr. Richard
       L. Love, Dr. Mary O. Mundinger, Dr. Jack W. Singer and
       Dr. Frederick W. Telling as directors, each to serve a one-
       year term;

   (b) approved the the 2015 Equity Incentive Plan;

   (c) approved an amendment to the 2007 Employee Stock Purchase
       Plan to increase the maximum number of shares of the
       Company's common stock authorized for issuance under the
       2007 ESPP by 1,949,167 shares;

   (d) ratified the selection of Marcum LLP as the Company's
       independent auditors for the year ending Dec. 31, 2015;
       and

   (e) approved the compensation paid to the Company's named
       executive officers.

The Board of Directors previously approved, subject to approval by
the Company's shareholders, the 2015 Equity Incentive Plan and
the amendment to the Company's 2007 Employee Stock Purchase Plan.

                       About CTI BioPharma

CTI BioPharma Corp. (NASDAQ and MTA: CTIC) --
http://www.ctibiopharma.com/-- formerly known as Cell
Therapeutics, Inc., is a biopharmaceutical company focused on
the acquisition, development and commercialization of novel
targeted therapies covering a spectrum of blood-related cancers
that offer a unique benefit to patients and healthcare providers.
The Company has a commercial presence in Europe and a late-stage
development pipeline, including pacritinib, CTI's lead product
candidate that is currently being studied in a Phase 3 program for
the treatment of patients with myelofibrosis.  CTI BioPharma is
headquartered in Seattle, Washington, with offices in London and
Milan under the name CTI Life Sciences Limited.

CTI Biopharma reported a net loss attributable to common
shareholders of $96 million in 2014, compared with a net loss
attributable to common shareholders of $49.6 million in 2013.

As of March 31, 2015, the Company had $63.1 million in total
assets, $48.7 million in total liabilities, $240,000 in common
stock purchase warrants, $14.1 million in total shareholders'
equity.



DALLAS PROTON: Kelcy Warren Wants Chapter 11 Trustee Named
----------------------------------------------------------
Bill Hethcock at Dallas Business Journal reports that the Hon.
Stacey Jernigan of the U.S. Bankruptcy Court for the Northern
District of Texas will hold on Oct. 20, 2015, a hearing to consider
the motion of Kelcy Warren, the oil pipeline billionaire who is
backing the Proton Treatment Center project, to put a Chapter 11
trustee in place at the unbuilt cancer facility in Dallas.

Business Journal states that the Company filed for bankruptcy
protection after it faced collections attempts from Mr. Warren and
others.  Business Journal relates that the Company says it expects
to have funds to pay unsecured creditors.

According to court documents, Mr. Warren claims that the project's
developer, Advanced Particle Therapy LLC, improperly spent a $20
million loan from him for the proton Dallas center on other centers
-- Baltimore and Atlanta -- and on management fees.  Mr. Warren's
lawyers says in court documents that Advanced Particle "used the
project as a 'piggy bank' to pay for other centers in Baltimore and
Atlanta," which left no money to finish the Dallas building.

Sean Lester at The Dallas Morning News recalls that a vacant tract
at the Dallas Market Center was purchased in September 2012 to be
developed into a major medical facility to treat cancer.  The
report says that Dallas Market Center Land L.P. is seeking city
approval to develop the 4.6-acre tract on the east side of Stemmons
Freeway, south of Medical District Drive, for the Dallas Proton
Treatment Center.  The report adds that UT Southwestern Medical
Center will operate the $225 million, 100,000-square-foot advanced
medical facility.

Dallas Proton Treatment Center, LLC and Dallas Proton Treatment
Holdings, LLC filed Chapter 11 bankruptcy petitions (Bankr. N.D.
Tex. Case Nos. 15-33783 and 15-33784, respectively) on Sept. 17,
2015.  The petitions were signed by James Thomson as chief
technology officer/manager.  The Debtors estimated assets in the
range of $50 million to $100 million and liabilities of more than
$50 million.  Gardere Wynne Sewell LLP represents the Debtors as
counsel.


DETROIT, MI: Ex-Treasurer Gets 11-yr Prison for Pension Kickbacks
-----------------------------------------------------------------
Daniel Langhorne at Bankruptcy Law360 reported that a Michigan
federal jury on Sept. 21, 2015, sentenced Detroit's ex-treasurer to
11 years in prison after it found him guilty of conspiring to
defraud retirees through a far-reaching bribery and kickback scheme
that allegedly cost the city's retirement systems more than $97
million, the U.S. Department of Justice said.

The sentencing of former Treasurer Jeffrey Beasley, 45, marks the
end of authorities' efforts to hold him accountable for a scheme
that proceeded Detroit's declaration of bankruptcy in July 2013.


DIGICERT INC: Merger Co. Gets Moody's B3 Corporate Family Rating
----------------------------------------------------------------
Moody's Investors Service assigned to Unipeg Merger Corp., which
will be merged into DigiCert, Inc. (DigiCert), a first-time B3
Corporate Family Rating (CFR) and a B3-PD probability of default
rating. Moody's also assigned a B1 rating to DigiCert's proposed
first lien credit facilities comprising a $15 million revolving
credit facility and a $220 million term loan facility. The proceeds
from the 1st lien credit facilities and $110 million of second lien
term loans (not rated) will be used to finance the acquisition of a
majority interest in DigiCert's direct parent, DigiCert Holdings,
Inc., by funds affiliated with Thoma Bravo LLC. TA Associates and
management will retain a minority interest in the company after the
acquisition. The ratings have a stable outlook.

RATINGS RATIONALE

The B3 CFR reflects DigiCert's small operating scale resulting from
its niche focus in the Secure Socket Layer (SSL) encryption
certificates market. The company operates in a fragmented market
which is dominated by Symantec and there is limited differentiation
in the product offerings among providers due to the standardization
of the certificates. The rating also reflects DigiCert's high
initial leverage of over 7x (total debt to cash flow from
operations plus interest expense, pro forma for the acquisition),
especially in the context of its high business risks.

However, the company operates in a growing market and Moody's
expects DigiCert's revenues to grow in the high single digit
percentages. The rating is supported by DigiCert's strong EBITDA
margins (on a cash revenue basis) and Moody's expectation for free
cash flow of approximately 7% to 8% of total debt over the next 12
to 18 months. DigiCert's account renewal rates are in excess of 90%
which provide predictability of cash flow over the intermediate
term. Despite DigiCert's strong growth prospects, the rating
incorporates the risk of increases in debt to finance shareholder
distributions or acquisitions. Moody's expects DigiCert to maintain
adequate liquidity.

The stable ratings outlook reflects Moody's expectations that
DigiCert's revenues will grow in the high single digit rates and
leverage (total adjusted debt to cash flow from operations plus
interest expense) will decline to about mid 6x by mid-2017 from
EBITDA growth and mandatory debt repayments.

Moody's could upgrade DigiCert's ratings if the company generates
strong operating cash flow growth and if Moody's believes that it
could sustain leverage below 6.5x and free cash flow in excess of
10% of total debt.

Assignments:

Issuer: Unipeg Merger Corp.

Corporate Family Rating, Assigned B3

Probability of Default Rating, Assigned B3-PD

Senior Secured Bank Credit Facility, Assigned B1 (LGD3)

Outlook Actions:

Issuer: Unipeg Merger Corp.

Outlook, Assigned Stable

DigiCert Holdings, Inc. is a Secure Sockets Layer Certificate
Authority and a leading provider of digital certificate lifecycle
management solutions.



DIGICERT INC: S&P Assigns 'B-' CCR; Outlook Stable
--------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B-'
corporate credit rating to Lehi, Utah-based DigiCert Inc.  The
outlook is stable.

At the same time, S&P assigned its 'B-' issue-level rating and '3'
recovery rating to the company's $15 million revolving credit
facility due 2020 and its $220 million first-lien term loan due
2022.  The '3' recovery rating indicates S&P's expectation for
meaningful (50%-70%; at the higher end of the range) recovery in
the event of payment default.

S&P also assigned its 'CCC' issue-level rating and '6' recovery
rating to the company's proposed $110 million second-lien term loan
due 2023.  The '6' recovery rating indicates S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.

"The rating on DigiCert reflects its small scale in a competitive
industry environment and its limited operating history offset by
good profitability and strong growth," said Standard & Poor's
credit analyst Minesh Shilotri.

While S&P considers adjusted leverage to be very high, it is
partially mitigated by good free cash flow due to its revenue
model, in which customers enter long-term contracts, which
generates cash up front.

The stable outlook reflects DigiCert's strong revenue and EBITDA
growth despite its small scale.  S&P expects DigiCert to continue
to generate positive free cash flow over the next 12 months.

S&P could lower the rating if business disruption or margin
deterioration due to competitive pressures results in free cash
flow turning negative or total liquidity falling below
$15 million.

S&P could raise the rating if the company continues to generate
strong revenue growth, stable margins, and improving free cash
flow, such that free cash flow to debt is sustained above 10%.



DUNE ENERGY: First Lien Agent, Committee Have 3rd Seat Nominees
---------------------------------------------------------------
In accordance with Article XI.E of the Disclosure Statement Under
11 U.S.C. Sec. 1125 in Support of the Chapter 11 Plan of the
Debtors, Bank of Montreal, in its capacity as First Lien Agent,
designated the following as its designee for the Oversight
Committee:

         Zoltan Szoldatits
         Managing Director
         BMO Financial Group
         1 First Canadian Place
         100 King Street West, 24th Floor
         Toronto ON M5X 1A1
         Canada

In addition, the First Lien Agent designated its nominee for the
third member of the Oversight Committee as follows:

         Albert S. Conly
         Senior Managing Director
         FTI Consulting, Inc.
         2001 Ross Avenue, Suite 400
         Dallas, TX, 75201
         United States

The Official Committee of Unsecured Creditors proposed Dan Lain, of
Lain & Faulkner as its candidate for Plan Trustee. Mr. Lain has
served as a plan trustee in more than 40 cases and has substantial
experience in oil and gas bankruptcies.  Mr. Lain has no known
affiliations with any creditor or Debtor in these bankruptcy
cases.

The Committee selected Paul McKim of Crescent Energy Services,
chair of the Committee, for the Committee's seat on the Oversight
Board.  Crescent Energy Services is a trade creditor of the
Debtors.  Mr. McKim has no known affiliations with any creditor or
Debtor in these bankruptcy cases.

The Committee proposed Bobby Jones, a member of the credit team of
T.A. McKay & Co., Inc. as its Third Seat Candidate.  Affiliates of
T.A. McKay & Co., Inc., Simplon Partners, L.P. and Simplon
International Limited, hold a substantial portion of the Second
Lien Notes.  Mr. Jones has no other known affiliations with any
creditor or Debtor in these bankruptcy cases.

The Plan provides for creation of a post-confirmation Plan Trust
run by a Plan Trustee with oversight by a three member the
Oversight Board, to pursue causes of action belonging to the
Debtors and perform other requirements under the Plan. Section 6.2
of the Plan requires the Committee and First Lien Lenders to
attempt to reach agreement on a Plan Trustee candidate.  If they
cannot reach an agreement, then both sides propose a candidate, and
the Court selects the Plan Trustee at the Confirmation Hearing.

Section 6.2 of the Plan also permits the Committee and First Lien
Lenders to select one person each for Oversight Committee.  For the
third seat, the Committee and First Lien Lenders are required to
attempt to reach an agreement on a candidate.  If they cannot reach
an agreement, then each is to propose candidates, and the Court
will select the Third Seat Candidate. The Committee and the First
Lien Lenders have not been able to agree on either the Plan Trustee
or candidate for the Third Seat.

The First Lien Agent is represented by Charles S. Kelley, Esq., at
Mayer Brown LLP.

                        About Dune Energy

Dune Energy, Inc. (OTCMKTS: DUNR) is an independent energy company
based in Houston, Texas.  Since May 2004, the Company has been
engaged in the exploration, development, acquisition and
exploitation of natural gas and crude oil properties, with
interests along the Louisiana/Texas Gulf Coast.  The Company's
properties cover over 90,000 gross acres across 27 producing oil
and natural gas fields.

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the cases.  

The Debtors listed $229 million in total assets and $144 million
in total debts as of Sept. 30, 2014.  In their schedules, Dune
Energy Inc., et al., disclosed $263,337,172 in assets and
$107,981,306 in liabilities.

Charles A. Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC is
the Debtors' sale professionals.

The U.S. trustee overseeing the Chapter 11 case of Dune Energy
appointed three creditors to serve on the official committee of
unsecured creditors.  The Committee is represented by Hugh M. Ray,
Esq., at McKool Smith, P.C.

                           *     *     *

After holding hearings on Sept. 17 and 18, U.S. Bankruptcy Judge
Christopher Mott entered an order confirming the Chapter 11 Plan of
Dune Energy, Inc., and its debtor-affiliates.


DUNE ENERGY: Plan Confirmation Objections Resolved, Overruled
-------------------------------------------------------------
Ahead of the Sept. 17 hearing to confirm the Chapter 11 plan for
Dune Energy, Inc., and its debtor-affiliates, formal objections
were filed by White Marlin Oil and Gas Company, LLC and Trimont
Energy, LLC, Louisiana Department of Revenue, CF&S Tank & Equipment
Co., Galveston County and Harris County, Exterran Energy Solutions,
L.P., Brazoria County Tax Office and other Texas taxing entities;
the Official Committee Of Unsecured Creditors; IndemCo, L.P. and
U.S. Specialty Insurance Company; Enervest Energy, L.P.; Chevron
USA, Inc.; T. Baker Smith LLC and Traco Production Services, Inc.

Additionally, the Debtors received informal comments to the Plan
from the U.S. Trustee, the United States Department of Justice on
behalf of the Coast Guard and the U.S. Environmental Protection
Agency, the Securities and Exchange Commission, and U.S. Bank
National Association, as Second Lien Trustee on behalf of the
Second Lien Noteholders (collectively, the "Informal Comments").

                    Informal Comments Resolved

The Debtors negotiated resolutions of the Informal Comments with
each of the creditor constituents and certain of the objections,
which resolutions were implemented through agreed language in the
Confirmation Order, the Plan, and/or the Plan Documents.

The U.S. Trustee requested to the addition of language to ensure
that the Plan Trustee files quarterly reports following
confirmation of the Plan.  The DOJ sought the addition of language
to clarify that the Plan does not discharge or release any
environmental liabilities of the Debtors that are not Claims or any
environmental liabilities of subsequent owners or operators of the
O&G Assets after the Effective Date of the Plan.  The SEC requested
the addition of language to clarify that the release and injunction
provisions did not release or enjoin actions based on willful
misconduct, gross negligence, intentional fraud, or criminal
conduct.  The Second Lien Trustee requested the addition of, among
other things, a new Section 6.12 of the Plan to address the
logistics by which Distributions will be made to the Second Lien
Trustee.

                        Objections Resolved

-- Purchasers

In particular, two objections to confirmation of the Plan, one
filed by White Marlin Oil and Gas Company, LLC and Trimont Energy
(NOW), LLC (collectively, the "Purchasers") at Docket No. 494 (the
"Purchasers Objection") and one filed by CF&S Tank and Equipment
Co. ("CF&S") at Docket No. 497 (the "CF&S Objection"), concerned
the relationship of the Plan to the provisions of the Sale Orders.
The Purchaser and CF&S objected to confirmation of the Plan to the
extent the Plan is inconsistent with the Sale Orders, the White
Marlin PSA, or the Trimont PSA. The Debtors have agreed to add the
following language in paragraph 31 of the Confirmation Order to
address the Purchasers Objection:

    Nothing in the Plan will impair or affect the rights of Trimont
under the Trimont Sale Order and/or the Trimont PSA or White Marlin
under the White Marlin Sale Order and/or White Marlin PSA

To address the CF&S Objection, the Debtors added the following
language to paragraph 31 of the Confirmation Order:

    Nothing in this Plan or Confirmation Order determines the
nature and security of CF&S Tank and Equipment Co. in the proceeds
of the Sale, if any.

-- LDR

The Louisiana Department of Revenue raised several objections to
confirmation of the Plan.   Counsel for the Debtors discussed the
objections with counsel for the LDR to clarify the terms of the
Plan.  Following these discussions, the Debtors addressed LDR's
remaining objections through certain modifications to the Plan and
the addition of language to the Confirmation Order.  Among other
things, the LDR objected that Article 3 of the Plan did not include
the concept that governmental units are not required to file a
request for payment of an expense described in subparagraph (B) or
(C) of section 503(b)(1), as provided in section 503(b)(1)(D) of
the Bankruptcy Code.  The Debtors added language in paragraph 36 of
the Confirmation Order to address this objection.

-- Exterran

Exterran Energy Solutions, L.P., objected to provisions in the Plan
that provided for distribution of the net proceeds of liquidation
of the Remaining Assets to the First Lien Agent on account of the
Allowed First Lien Lender Secured Claim to the extent such
provisions purported to prime Exterran's allegedly senior liens
against the Debtors' assets in the Live Oak and Columbus fields.
To address this objection, the Debtors and the First Lien Agent
agreed to the addition of language in paragraph 35 of the
Confirmation Order to clarify that in the event there is a sale of
the Debtors' interest in the Live Oak or Columbus fields and it is
determined that Exterran has a valid and properly
perfected lien senior to the First Lien Lender Secured Claim in
such property(ies), the cash proceeds received from such sale(s)
shall be applied first to satisfy the Allowed amount of Exterran's
Secured Claim relating to such property(ies) prior to being
distributed to the First Lien Agent on account of the Allowed First
Lien Lender Secured Claim.  Exterran also objected to the Plan to
the extent it did not provide for payment of post-petition amounts
owed to Exterran.  The Debtors confirmed that all post-petition
amounts owed to Exterran have been paid. Accordingly, the Exterran
Objection has been resolved.

-- Taxing Authorities

Galveston County and Harris County filed an Objection to
confirmation of the Plan on the grounds that the Plan fails to
provide a date by which their Secured Tax Claims will be paid and
fails to provide for accrual of post-confirmation interest. In
addition, Brazoria County Tax Office, Channelview Independent
School District, Crosby Independent School District, Galena Park
Independent School District, Karnes County, Runge Independent
School District, San Antonio River Authority, Evergreen Underground
Water Conservation District, Karnes County Hospital District,
Colorado County, Columbus Independent School District and Colorado
County Ground Water Conservation District (collectively, the "Texas
Taxing Authorities") filed an Objection on the same grounds.  To
address these objections, the Debtors added language to paragraph
50 of the Confirmation Order to provide for payment of Allowed
Secured Tax Claims, including any interest to which the holder of
such Allowed Secured Tax Claims may be entitled under Section
506(b) of the Bankruptcy Code, on the later of (a) the Effective
Date or (b) 10 days after the Allowance Date of such Allowed
Secured Tax Claim.

                        Unresolved Objections

Objections filed by U.S. Specialty Insurance Company and Indemco,
L.P. (collectively, the "Bonding Companies"), Chevron U.S.A., Inc.,
EnerVest Energy, L.P., and the Committee remain unresolved as of
Sept. 15.  The Debtors submitted that these Objections should be
overruled.

A. The Bonding Companies Objection

The Bonding Companies have objected to confirmation of the Plan on
four grounds: (a) the proposed treatment of the Remaining Bonds and
their accompanying obligations is inadequate and appears to violate
state and federal non-bankruptcy law; (b) the Plan's
treatment of the Letter of Credit and the Bonding Companies'
attendant rights is vague and unclear; (c) the procedure proposed
by the Plan for abandoning the Remaining Properties appears to
violate applicable non-bankruptcy law; and (d) the Plan does not
adequately describe the proposed treatment for the Remaining Bonds,
the O&G Assets, and the Debtors' post-confirmation obligations
associated with the Remaining Bonds and the O&G Assets.

The Debtors responded that they do not intend, and the Plan does
not purport, to cancel the Remaining Bonds. The Remaining Bonds are
intended to be used to satisfy P&A obligations in the event the
Debtors are unable to perform such obligations.

In the event the Debtors are unable to perform their P&A
obligations, the Louisiana Conservation Office may look to the
Bonding Companies to satisfy such obligations.

The Bonding Companies may either pay the Louisiana Conservation
Office for the estimated cost of fulfilling the P&A obligations up
to the penal amount of the Louisiana Bond, or the Bonding Companies
may commence operations to plug and abandon the wells and restore
the surface of the sites.

The Debtors aver that until the Bonding Companies incur costs under
the Remaining Bonds, the Bonding Companies' Claims are contingent
and should be disallowed under Section 502(e)(1) of the Bankruptcy
Code because such Claims are inherently Claims for contribution or
reimbursement of an entity that is liable with the Debtors.

The Plan does not purport to alter or cancel the Letter of Credit,
and the Bonding Companies could look to the Letter of Credit to
satisfy its Claims, if any, under the Indemnity Agreements. Any
Claims against the Debtors' Estates in excess of the Letter of
Credit would be treated in accordance with the Plan.  Accordingly,
the Bonding Companies' objections regarding the disposition of the
Remaining Bonds and the Letter of Credit should be overruled, the
Debtors told the Court.

B. The Chevron and Enervest Objections

Enervest objected to confirmation of the Plan on the grounds that
the Plan does not provide for payment in full of Enervest's alleged
Administrative Claim against the Debtors' Estates for P&A
liabilities associated with the Broussard North field.  Chevron
objected on the same basis with respect to payment of its alleged
Administrative Claim for P&A liabilities associated with the Live
Oak field and, to the extent not incurred by Enervest, the P&A
liabilities associated with the Broussard North field.

The Debtors point out that Chevron and Enervest only have
contingent Claims for reimbursement or contribution arising under
prepetition contracts.  They note that Section 502(e)(1) of the
Bankruptcy Code provides that "the court shall disallow any claim
for reimbursement or contribution of an entity that is liable with
the debtor on or has secured the claim of a creditor, to the extent
that --  . . . (B) such claim for reimbursement or contribution is
contingent as of the time of allowance or disallowance of such
claim for reimbursement or contribution." 11 U.S.C. §
502(e)(1)(B).

C. The Committee Objection

Although the Debtors and the Committee exchanged numerous drafts of
the Plan and the Debtors were under the impression that the
Committee agreed to the terms of the Plan when it was filed, the
Committee filed a Limited Objection to confirmation of the Plan. In
the Committee Objection, the Committee raises four objections to
confirmation: (a) the Plan unfairly requires payment of Deferred
Amounts from Class 4 Avoidance Action Recoveries, which
disproportionately impacts holders of Allowed Second Lien Loan
Claims; (b) the Plan provides insufficient funds to cover Plan
Trust Operating Expenses; (c) the Plan requires deferral of payment
of certain of the Committee's professional fees; and (d) the Plan
Trustee should be permitted to select his own counsel. With respect
to the first objection, the Debtors and the Second Lien Trustee
reached agreement regarding the addition of language to section
8.4.1 of the Plan Trust Agreement to clarify that Class 4 Avoidance
Action Recoveries and Class 4 Net Recoveries shall be charged their
proportionate share of Deferred Amounts. Accordingly, this portion
of the Committee Objection has been resolved.

With respect to the remaining objections raised by the Committee,
the Debtors submit that such objections must be resolved by
agreement between the Committee and the First Lien Agent. The
Debtors cannot obtain additional funding for the Plan Trust
Operating Reserve or the Committee's professional fees that
exceeded the DIP Budget and the Post-Closing Budget absent
agreement from the First Lien Agent and the First Lien Lenders to
use of their Cash Collateral to fund such amounts.  The Committee
and the First Lien Agent need to reach agreement regarding the
funding of additional amounts for the Plan Trust and the
Committee's over-budget professional fees.

With respect to the Plan Trustee's selection of counsel, the First
Lien Agent has requested modifications of the Plan Trust Agreement
to provide that the Oversight Committee must be consulted about,
and in some cases must approve, certain actions by the Plan
Trustee.  Such modifications permit the Oversight Committee to
monitor the Plan Trustee's actions and ensure that the Plan Trust
is managed in the best interests of its beneficiaries. The
Committee and the First Lien Agent have each designated a member of
the Oversight Committee and will have a role in monitoring the Plan
Trustee.  With respect to the Plan Trustee's selection of counsel,
approval by the Oversight Committee will ensure that any
contingency fee arrangement agreed between the Plan Trustee and the
Plan Trust's counsel will not be excessive as determined by the
beneficiaries of the Plan Trust.  Because the Committee and the
First Lien Agent will each have a role in the Oversight Committee,
the First Lien Agent and the Committee need to reach agreement
regarding this aspect of the Plan Trust Agreement.

                           *     *     *

In his Sept. 18 order confirming the Plan, Judge H. Christopher
Mott ruled, "To the extent any objection to Confirmation of the
Plan has not been withdrawn, it is overruled".

Based on the parties' representations on the record at the Combined
Hearing, Judge H. Christopher Mott finds that the modifications to
the Plan and in the Confirmation Order were not material and/or did
not adversely affect the treatment of the Claim of any Creditor or
Interestholder who has not accepted in writing the modifications,
and therefore, the Plan as modified is deemed accepted by all
Creditors and Interestholders who have previously accepted the
Plan.

                        About Dune Energy

Dune Energy, Inc. (OTCMKTS: DUNR) is an independent energy company
based in Houston, Texas.  Since May 2004, the Company has been
engaged in the exploration, development, acquisition and
exploitation of natural gas and crude oil properties, with
interests along the Louisiana/Texas Gulf Coast.  The Company's
properties cover over 90,000 gross acres across 27 producing oil
and natural gas fields.

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC
is the Debtors' sale professionals.

The Debtors listed $229 million in total assets and $144 million
in total debts as of Sept. 30, 2014.  In their schedules, Dune
Energy Inc., et al., disclosed $263,337,172 in assets and
$107,981,306 in liabilities.

The U.S. trustee overseeing the Chapter 11 case of Dune Energy
appointed three creditors to serve on the official committee of
unsecured creditors.  The Committee is represented by Hugh M.
Ray, Esq., at McKool Smith, P.C.


DUNE ENERGY: Wins Confirmation of Ch. 11 Payout Plan
----------------------------------------------------
After holding hearings on Sept. 17 and 18, U.S. Bankruptcy Judge
Christopher Mott entered an order confirming the Chapter 11 Plan of
Dune Energy, Inc., and its debtor-affiliates.  The judge also
approved the explanatory disclosure statement.

The Debtors already sold most of their assets during the bankruptcy
case.  In July 2015, the Debtors won approval from the Court of,
and have closed, the sale of certain assets to Trimont Energy
(NOW), LLC and White Marlin Oil and Gas Company LLC in
consideration of net cash proceeds in excess of $19 million.  As
for assets not included in the July sales, including certain de
minimis oil and gas properties, as well as the furniture and
miscellaneous assets located at the Debtors' headquarters in
Houston, Texas, the Debtors in August won approval to sell, lease
or dispose of the remaining assets with an aggregate transaction
price up to or equal to $100,000 pursuant to streamlined sale
procedures that obviate the need for separate sale motions for such
transactions.

                          The Chapter 11 Plan

The Plan implements the terms and conditions of a settlement and
compromise among the Debtors, the first lien agent, the first lien
lenders, and the Official Committee of Unsecured Creditors.

Absent the compromise, it is highly unlikely that holders of
general unsecured creditors would receive significant distribution,
as first lien lenders and second lien noteholders hold claims
totaling $112.3 million.   Pursuant to the compromise, the first
lien lenders have agreed to use of the cash collateral to fund the
bankruptcy cases and the Plan.  The parties agreed that $100,000 of
the sale proceeds will be transferred to the Plan Trust to fund the
Plan Trust Operating Reserve, and $35,000 in cash will be
transferred to fund the initial distribution to unsecured
creditors.

The first lien lenders (Class 3.1) have an allowed secured claim of
$40.2 million pursuant to the DIP financing orders, and will have
an allowed adequate protection claim of $7.84 million, and a
deficiency claim of $30 million.  The secured claim will be paid
from the sale proceeds.  The adequate protection claim and the
deficiency claim will be satisfied from the proceeds of the
liquidation of proceeds of the liquidation of the remaining assets
and proceeds of recoveries from avoidance actions.  Holders of
allowed second lien loan claims (Class 3.3) will be treated as
general unsecured creditors.  Holders of allowed general unsecured
claims (Class 4) will split the $35,000 allocated for the initial
distribution, and will have a pro rata share of avoidance action
recoveries.  Holders of subordinated claims (Class 5) and interest
holders (Class 6) won't receive anything.

Following a hearing on Aug. 17, the Court agreed to set a Sept. 17
combined hearing on the Plan and Disclosure Statement, and approved
the solicitation procedures, which set a Sept. 10 deadline to vote
to accept or reject the Plan.

A copy of the Disclosure Statement dated Aug. 20, 2015, is
available for free at:

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

                          Ballot Results

Prime Clerk, LLC, the voting agent, certified that no holders of
allowed secured tax claims (Class 2) submitted ballots, so the
class is deemed to have voted to accept the Plan.  As to holders of
allowed first lien lender claims (Class 3.1) and allowed other
secured claims (Class 3.2), 100% in number and amount of voting
creditors voted to accept the Plan.  As to holders of allowed
second lien loan claims (Class 3.3), 82.35% in number and 88.93% in
amount of voting creditors voted to accept the Plan.  With respect
to allowed general unsecured claims (Class 4), 95.92% in number and
95.76% in amount of voting creditors voted to accept the Plan.

In a memorandum in support of confirmation of the Plan, the Debtors
point out that all classes of claims who were entitled to vote on
the Plan either voted to accept the Plan or are deemed to have
accepted the Plan, and therefore, the requirements of section
1129(a)(8) of the Bankruptcy Code are satisfied.

With respect to subordinated claims (Class 5) and equity interests
(Class 6), which are deemed to have rejected the Plan, the Debtors
aver that the Plan meets the cram-down requirements of Section
1129(b) of the Bankruptcy Code.

                     Findings of Fact, Ruling

"The Plan is CONFIRMED in its entirety under 11 U.S.C. § 1129, and
all of the terms and conditions contained in the Plan are APPROVED.
The Debtors are authorized to implement the Plan in accordance
with its terms and conditions," Judge Mott ruled.

Dan B. Lain is approved as the Plan Trustee under the Plan Trust.
The Plan Trustee will receive, from the Plan Trust only,
compensation in the amount of (i) 5% of the first $1.5 million of
gross proceeds received from the liquidation of Plan Trust Assets
and (ii) 7.5% of gross proceeds received from the liquidation of
Plan Trust Assets in excess of $1.5 million.

A copy of the Findings of Fact and Conclusions of Law Regarding
Confirmation of the Plan is available for free at:

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

A copy of the order confirming the Plan is available for free at:

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

                        About Dune Energy

Dune Energy, Inc. (OTCMKTS: DUNR) is an independent energy company
based in Houston, Texas.  Since May 2004, the Company has been
engaged in the exploration, development, acquisition and
exploitation of natural gas and crude oil properties, with
interests along the Louisiana/Texas Gulf Coast.  The Company's
properties cover over 90,000 gross acres across 27 producing oil
and natural gas fields.

Affiliates Dune Energy, Inc. (Bankr. W.D. Tex. Case No. 15-10336),
Dune Operating Company (Bankr. W.D. Tex. Case No. 15-10337), and
Dune Properties, Inc. (Bankr. W.D. Tex. Case No. 15-10338) filed
separate Chapter 11 bankruptcy petitions on March 8, 2015.  The
petitions were signed by James A. Watt, president and chief
executive officer.

Judge Christopher H. Mott presides over the case.  Charles A.
Beckham, Jr., Esq., Kourtney P. Lyda, Esq., and Kelli M.
Stephenson, Esq., at Haynes And Boone, LLP, serve as the Debtors'
bankruptcy counsel.  Deloitte Transactions And Business Analytics
LLP is the Debtors' restructuring advisors.  Parkman Whaling LLC
is the Debtors' sale professionals.

The Debtors listed $229 million in total assets and $144 million
in total debts as of Sept. 30, 2014.  In their schedules, Dune
Energy Inc., et al., disclosed $263,337,172 in assets and
$107,981,306 in liabilities.

The U.S. trustee overseeing the Chapter 11 case of Dune Energy
appointed three creditors to serve on the official committee of
unsecured creditors.  The Committee is represented by Hugh M.
Ray, Esq., at McKool Smith, P.C.


EAGLE INC: Files List of 20 Largest Law Firms in Lieu of Creditors
------------------------------------------------------------------
Eagle Inc. seeks authority from the Bankruptcy Court to file a list
of 20 law firms representing the largest numbers of asbestos
plaintiffs asserting claims against it in lieu of listing the
individual asbestos claimants with the largest unsecured claims in
the top 20 list of unsecured claims.

Pursuant to Bankruptcy Rule 1007(d), a chapter 11 debtor must file
with the voluntary petition a list setting forth the names,
addresses and claim amounts of the creditors, excluding insiders,
that hold the 20 largest unsecured claims in the debtor's estate.

The Debtor relates it has been named in nearly 20,000 personal
injury lawsuits asserting it is liable for the claimants' injuries
related to exposure to asbestos-containing products that were
allegedly distributed, handled, installed, or sold by it.

Eagle does not believe that listing the individual asbestos
claimants with the largest unsecured claims would facilitate the
U.S. Trustee's appointment of a creditors' committee.  Because the
majority of the asbestos claimaints hold unliquidated claims, the
Debtor asserts it is difficult to determine which individual
asbestos claimants may hold the largest unsecured claims.

                          About Eagle Inc.

Founded in 1920, Eagle, Inc., sold gaskets and insulation-related
products, many of which contained asbestos. Eagle discontinued the
distribution and sale of asbestos-containing products in the late
1970s and ceased all operations in 2006 other than the management
of asbestos litigation and insurance rights.

Eagle Inc. filed for Chapter 11 bankruptcy protection (Bankr. E.D.
La. Case No. 15-12437) on Sept. 22, 2015, with a goal of confirming
a plan of reorganization which, pursuant to 11 U.S.C. Sec.,
implements a channeling injunction and trust to resolve its
liability for asbestos-related claims

The petition was signed by Raymond P. Tellini, the president.

The Debtor estimated assets and liabilities in the range of $10
million to $50 million.

The Debtor has engaged Young Conaway Stargatt & Taylor, LLP, as
counsel; Barrasso Usdin Kupperman Freeman & Sarver, LLC as local
counsel; and Epiq Bankruptcy Solutions as claims, noticing and
balloting agent.

Judge Jerry A. Brown is assigned to the case.



EAGLE INC: Hires Epiq as Claims and Noticing Agent
--------------------------------------------------
Eagle, Inc., had asked the Bankruptcy Court to approve its
engagement of Epiq Bankruptcy Solutions, LLC as claims and noticing
agent.

The Debtor seeks to engage Epiq to perform work within the scope of
the delegation of duties of the Office of the Clerk of the Court
and asserts that by appointing Epiq, the distribution of notices
and the processing of claims will be expedited and the Clerk's
Office will be relieved of the administrative burden of processing
what may be a number of claims.

Epiq's claims and noticing rates are:

              Title                               Rates
              -----                             ----------
     Clerical/Administrative Support             $30-$45
     Case Manager                                $60-$80
     IT/Programming                              $70-$120
     Sr. Case Manager/Dir. of Case Management    $85-$155
     Consultant/Senior Consultant               $145-$190
     Director/Vice President Consulting           $195
     Executive Vice President - Solicitation      $200
     Executive Vice President - Consulting        $200  

The Debtor requests that the fees and expenses incurred by Epiq be
treated as administrative expenses of its estate and be paid in the
ordinary course of business without further application or order of
the Court.  Epiq agrees to maintain records of all services showing
dates, categories of services, fees charges and expenses incurred,
and to serve monthly invoices on the Debtor and other
parties-in-interest.

If a dispute arises relating to the Services Agreement or monthly
invoices, the parties will meet and confer in an attempt to resolve
the dispute.  If agreement is not achieved, the parties may seek
resolution of the matter from the Court.

Prior to the Petition Date, the Debtor provided Epiq a retainer in
the amount of $5,000.

Epiq has represented that it neither holds nor represents any
interest materially adverse to the Debtor' estates in connection
with any matter on which it would be employed.

                          About Eagle Inc.

Founded in 1920, Eagle, Inc., sold gaskets and insulation-related
products, many of which contained asbestos. Eagle discontinued the
distribution and sale of asbestos-containing products in the late
1970s and ceased all operations in 2006 other than the management
of asbestos litigation and insurance rights.

Eagle Inc. filed for Chapter 11 bankruptcy protection (Bankr. E.D.
La. Case No. 15-12437) on Sept. 22, 2015, with a goal of confirming
a plan of reorganization which, pursuant to 11 U.S.C. Sec.,
implements a channeling injunction and trust to resolve its
liability for asbestos-related claims

The petition was signed by Raymond P. Tellini, the president.

The Debtor estimated assets and liabilities in the range of $10
million to $50 million.

The Debtor has engaged Young Conaway Stargatt & Taylor, LLP, as
counsel; Barrasso Usdin Kupperman Freeman & Sarver, LLC as local
counsel; and Epiq Bankruptcy Solutions as claims, noticing and
balloting agent.

Judge Jerry A. Brown is assigned to the case.



EAGLE INC: Proposes to Pay $12,500/Month to President
-----------------------------------------------------
Eagle, Inc., seeks Bankruptcy Court approval to pay $12,500 per
month to Eagle QSF Management, LLC, nunc pro tunc to the Petition
Date.

Beginning in 1985 and continuing to the present, the Debtor has
been presented with numerous claims by persons alleging bodily
injury, including disease, disability, and death, as a result of
their respective exposures to asbestos-containing materials
allegedly distributed, handled, installed, or sold by the Debtor.
As of the Petition Date, there are nearly 20,000 pending lawsuits
against the Debtor alleging asbestos-related injuries.

On Sept. 5, 2013, the Debtor entered into a coverage settlement
agreement with Fireman's Fund Insurance Company, American
Automobile Insurance Company, American Insurance Company, and
Associated Indemnity Company.

In connection with the Fireman's Fund Settlement Agreement, QSF,
LLC, was established as a qualified settlement fund to receive
insurance settlement proceeds.  The manager of QSF is Eagle QSF
Management, LLC, of which Raymond Tellini is the sole member.

Mr. Tellini is the president and sole director of the Debtor.  In
this role, Mr. Tellini is and was since prior to the Petition Date
the individual primarily responsible for directing the Debtor's
defense of the personal injury claims.  Mr. Tellini is also
primarily responsible for the negotiation of the various
settlements with insurance companies.

During the pendency of the Chapter 11 case, Mr. Tellini will
continue to be the Debtor's primary point of contact with chapter
11 professionals, insurance providers, and professional firms
representing personal injury claimants.

In the six months directly preceding the Petition Date, QSF
Management received a total of $200,000 in Management Fees, much of
which represented historical monthly amounts owed and upaid to QSF
Management.

The Debtor believes that the payment of Management Fees to QSF
Management is necessary to its ability to prosecute a plan
containing a section 524(g) channeling injunction.

                          About Eagle Inc.

Founded in 1920, Eagle, Inc., sold gaskets and insulation-related
products, many of which contained asbestos.  Eagle discontinued the
distribution and sale of asbestos-containing products in the late
1970s and ceased all operations in 2006 other than the management
of asbestos litigation and insurance rights.

Eagle Inc. filed for Chapter 11 bankruptcy protection (Bankr. E.D.
La. Case No. 15-12437) on Sept. 22, 2015, with a goal of confirming
a plan of reorganization which, pursuant to 11 U.S.C. Sec.,
implements a channeling injunction and trust to resolve its
liability for asbestos-related claims

The petition was signed by Raymond P. Tellini, the president.

The Debtor estimated assets and liabilities in the range of $10
million to $50 million.

The Debtor has engaged Young Conaway Stargatt & Taylor, LLP, as
counsel; Barrasso Usdin Kupperman Freeman & Sarver, LLC as local
counsel; and Epiq Bankruptcy Solutions as claims, noticing and
balloting agent.

Judge Jerry A. Brown is assigned to the case.



ELBIT IMAGING: Motion to Approve Derivative Claim Filed
-------------------------------------------------------
Elbit Imaging Ltd. announced the filing of a motion for approval of
a derivative claim against the Company and its directors on behalf
of the Company.  The Motion was filed by Mr. Shlomi Kelsi, a
director of the Company.

The Claim alleges, among other things, a breach of fiduciary duty
and duty of care by the Company's directors as a result of
resolutions that were taken in recent Board meetings.  The Claim
further alleges, that such resolutions should be void or at least
to be declared as voidable.  The regard resolutions mainly
concerning the approval of the board to convey a shareholders
meeting of the Company to re-elect the Company's board members, as
described in the Company's announcement dated Sept. 3, 2015, and
the convening of extraordinary general meeting in Plaza Centers NV
a subsidiary of the Company to dismiss certain directors from their
position as board members in Plaza, as described in the Company's
announcement dated Sept. 21, 2015.

The Applicants also filed an interim injunction for temporary
remedies to postpone the general meeting of the Company from
discussing and voting on the size of the Company's board of
directors and from re-electing of the Company's board of directors,
and to instruct the Company to withdraw its request to convene a
general meeting in Plaza or to instruct the Company to vote against
any change in Plaza's board of directors in such general meeting.

The Applicants further requested a splitting of remedies and a
reimbursement of expenses and legal fees.

At this preliminary stage, the Company is currently reviewing and
evaluating the Motion and will submit its response accordingly.

                        About Elbit Imaging

Tel-Aviv, Israel-based Elbit Imaging Ltd. (TASE, NASDAQ: EMITF)
holds investments in real estate and medical companies.  The
Company, through its subsidiaries, also develops shopping and
entertainment centers in Central Europe and invests in and manages
hotels.

Since February 2013, Elbit has intensively endeavored to come to
an arrangement with its creditors.  Elbit has said it has been
hanging by a thread for more than five months.  It has encountered
cash flow difficulties and this burdens its day to day activities,
and it certainly cannot make the necessary investments to improve
its assets.  In light of the arrangement proceedings, and
according to the demands of most of the bondholders, as well as an
agreement that was signed on March 19, 2013, between Elbit and the
Trustees of six out of eight series of bonds, Elbit is prohibited,
inter alia, from paying off its debts to the financial creditors
-- and as a result a petition to liquidate Elbit was filed, and
Bank Hapoalim has declared its debts immediately payable,
threatening to realize pledges that were given to the Bank on
material assets of the Company -- and Elbit undertook not to sell
material assets of the Company and not to perform any transaction
that is not during its ordinary course of business without giving
an advance notice to the trustees.

Accountant Rony Elroy has been appointed as expert for examining
the debt arrangement in the Company.

In July 2013, Elbit Imaging's controlling shareholders, Europe-
Israel MMS Ltd. and Mr. Mordechay Zisser, notified the Company
that the Tel Aviv District Court has appointed Adv. Giroa Erdinast
as a receiver with regards to the ordinary shares of the Company
held by Europe Israel securing Europe Israel's obligations under
its loan agreement with Bank Hapoalim B.M.  The judgment stated
that the Receiver is not authorized to sell the Company's shares
at this stage.  Following a request of Europe-Israel, the Court
also delayed any action to be taken with regards to the sale of
those shares for a period of 60 days.  Europe Israel and
Mr. Zisser have also notified the Company that they utterly reject
the Bank's claims and intend to appeal the Court's ruling.

As of June 30, 2015, the Company had NIS 2.8 billion in total
assets, NIS 2.5 billion in total liabilities and NIS 338.3 million
in shareholders' equity.



ELIZABETH ARDEN: S&P Lowers CCR to 'CCC+'; Outlook Negative
-----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Miramar, Fl. based Elizabeth Arden Inc. to 'CCC+' from
'B'.  The outlook is negative.

At the same time, S&P lowered its issue-level rating on the
company's senior unsecured notes due 2021 to 'CCC' from 'B' and
revised the recovery rating on the debt to '5' from '4'.  The '5'
recovery rating indicates S&P's expectation for modest (10% to 30%;
upper half of the range) recovery in the event of payment default.

"The rating action reflects our belief that Elizabeth Arden's
capital structure is unsustainable without a marked improvement in
profitability and that its liquidity position will deteriorate over
the next year," said Standard & Poor's credit analyst Mariola
Borysiak.  "We expect Elizabeth Arden's credit metrics to remain
very weak for at least the next two years.  Although the company
has made some progress with its transformation programs aimed at
repositioning brands and improving cost structure, we believe
progress will be slow.  As such, we forecast debt leverage will be
very high.  Moreover, we believe the company will need to rely on
its revolver borrowings to finance its operating needs, and will
likely use over $50 million of cash during this fiscal year."

Elizabeth Arden's operating performance has been poor for the last
two years largely because the celebrity brand fragrance market is
over-saturated and the company lacks product innovation.  Also,
competition in the cosmetics industry is intense.

Although Standard & Poor's currently views Elizabeth Arden's
liquidity as adequate, S&P believes the company will have burn cash
during the year and have revolver borrowings outstanding at end of
fiscal 2016.  A downgrade would be predicated on further liquidity
tightening such that S&P believes the company could default in the
next 12 months.  Negative free operating cash flow beyond 2016
could trigger further downgrades.

S&P could revise the outlook to stable if the company is able to
materially improve its operating performance such that it generates
sufficient cash to cover its operating needs.



ENERGY FUTURE: Asks Court to Reject Dallas Water Rights Deal
------------------------------------------------------------
Peter Hall at Bankruptcy Law360 reported that Energy Future
Holdings Co. asked the Delaware bankruptcy court on Sept. 23, 2015,
for permission to end an unneeded agreement with the city of Dallas
for water to operate a Texas power plant that costs nearly $2.2
million a year and is expected to become more expensive.

The agreement between EFH unit Luminant Generation Co. LLC and
Dallas allows the electricity producer to tap water from a
reservoir on east Texas's Sabine River during times of drought to
allow its steam generating plant in Tatum to continue operating.

                 About Energy Future Holding Corp.

Energy Future Holdings Corp., formerly known as TXU Corp., is A
privately held diversified energy holding company with a Portfolio
of competitive and regulated energy businesses in Texas.

Oncor, an 80 percent-owned entity within the EFH group, is the
Largest regulated transmission and distribution utility in Texas.

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

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

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

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

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

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

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

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


ENESCO GROUP: Court Allows Ch. 7 Trustee to Enforce Deal with USA
-----------------------------------------------------------------
Judge A. Benjamin Goldgar of the United States Bankruptcy Court for
the Northern District of Illinois granted David. R. Brown's motion
to enforce a settlement agreement he entered into with the United
States of America resolving an adversary proceeding in the
bankruptcy case captioned In re: ENESCO GROUP, INC., Chapter 7,
Debtor, No. 07 B 565 (Bankr. N.D. Ill.).

In late 2014, David R. Brown, as Chapter 7 trustee for Enesco
Group, Inc., and certain defendants, including the United States,
reached a global Settlement Agreement whereby the Chapter 7 Trustee
agreed to dismiss the adversary proceeding in exchange for
specified payments to him.  As per agreement, Deloitte Tax, Shaw
Gussis, and the Directors will pay Brown the total sum of $200,000.
The USA will make a payment to the Estate in the amount of
$50,000.  Thereafter, if the Trustee does not receive payment from
the USA before the 60 day time period, Brown will be entitled to
the overpayment interest rate.  In total, the Trustee will receive
$250,000 as Settlement Payment from Shaw Gussis, Deloitte Tax, the
Directors, and the United States.

However, counsel for the United States notified Brown's counsel
that the Internal Revenue Service had elected to give Enesco a
$50,000 credit, setting off that amount against Enesco's
outstanding tax liabilities rather than paying $50,000 to Brown.

Brown moved to enforce the settlement agreement, arguing that the
agreement called for a cash payment, not a tax credit. The United
States disagrees, contending that the Internal Revenue Code equates
payments and credits and conferred the right to give a credit
rather than pay in cash.

The court took side with Brown saying that the settlement agreement
plainly called for the delivery of money or its equivalent.  The
Court did not permit the United States to credit the settlement
payment against Enesco's previous years' tax liabilities.  The
settlement agreement governs, notwithstanding the statutory right
the United States would have in its absence, the Court held.

A full-text copy of Judge Goldgar's memorandum opinion dated
September 2, 2015, is available at http://is.gd/bRIeNffrom
Leagle.com.

Debtor is represented by:

         Patrick A Clisham, Esq.
         Allen J Guon, Esq.
         Brian L Shaw, Esq.
         SHAW FISHMAN GLANTZ & TOWBIN LLC,
         321 N Clark Street, Suite 800
         Chicago, IL 60654
         Phone: 312 541 0151
         Fax: 312 980 3888
         Email: aguon@shawfishman.com
                bshaw@shawfishman.com

            -- and --

         Douglas J. Lipke, Esq.
         VEDDER PRICE
         222 North LaSalle Street
         Chicago, IL 60601
         Phone:(312) 609 7646
         Email: dlipke@vedderprice.com

            -- and --

         Stephen D Williamson, Esq.
         Felicia Gerber Perlman, Esq.
         SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP.
         155 N. Wacker Drive
         Chicago, IL 60606
         Phone: 312.407.0700
         Fax: 312.407.0411
         Email: felicia.perlman@skadden.com

David R Brown, Esq., Trustee is represented by:

         Thomas E Springer, Esq.
         Meredith S Fox, Esq.
         SPRINGER BROWN, LLC
         The Wheaton Executive Center
         400 S. County Farm Rd. Suite 330
         Wheaton, IL  60187
         Phone: 630-510-0000
         Fax: 630-510-0004
         E-mail: tspringer@springerbrown.com

            -- and --

         Timothy M McLean, Esq.
         CLINGEN CALLOW & MCLEAN
         2300 Cabot Drive, Suite 500
         Lisle, IL 60532
         Phone: (630) 871-2612
         Fax: (630) 871-9869
         Email: mclean@ccmlawyer.com

            -- and --

         Arthur W Rummler, Esq.
         LAW OFFICES OF ARTHUR W. RUMMLER
         799 Roosevelt  Road, Building 2, Suite 104
         Glen Ellyn, IL 60137
         Phone: 630-229-2313
         Email: arthur.rummler@gmail.com

Patrick S Layng, U.S. Trustee is represented by Kathryn Gleason,
Office of the U. S. Trustee.

Official Committee of Unsecured Creditors of Enesco Group, et al.,
Creditor Committee is represented by:

         Brad Berish, Esq.
         ADELMAN & GETTLEMAN, LTD.
         53 W. Jackson Blvd., Suite 1050
         Chicago, IL 60604
         Phone: 312-435-1050
         Fax: 312-435-1059
         Email:bberish@ag-ltd.com

            -- and --

         Nancy A Peterman, Esq.
         GREENBERG TRAURIG, LLP
         77 West Wacker Drive, Suite 3100
         Chicago, IL 60601
         Phone: +1 312.456.8400
         Fax: +1 312.456.8435
         Email: petermann@gtlaw.com

                        About Enesco Group

Based in Itasca, Illinois, Enesco Group, Inc. --
http://www.enesco.com/-- was a producer of giftware, and home  
and garden decor products.  Enesco's product lines included some
of the world's most recognizable brands, including Disney,
Heartwood Creek, Nickelodeon, Cherished Teddies, Lilliput Lane,
Border Fine Arts, among others.

Enesco distributed products to a wide array of specialty gift
retailers, home decor boutiques and direct mail retailers, as
well as mass-market chains.  The company served markets
operating in Europe, particularly in the United Kingdom and
France, as well in the Asia Pacific in Australia and Hong Kong.
The company also has Latin-American operations in Mexico.

Enesco Group and its two affiliates, Enesco International Ltd.
and Gregg Manufacturing, Inc., filed for chapter 11 protection
on Jan. 12, 2007 (Bankr. N.D. Ill. Lead Case No. 07-00565).
Shaw Gussis Fishman Glantz Wolfson & Tow and Skadden, Arps,
Slate, Meagher & Flom LLP, represented the Debtors.  Epiq
Bankruptcy Solutions, LLC, served as the Debtors' claims and
noticing agent.

Brad Berish, Esq., at Adelman & Gettleman, Ltd., and Nancy A.
Peterman, Esq., at Greenberg Traurig LLP, represented the Official
Committee of Unsecured Creditors as bankruptcy counsel.

In its schedules, Enesco disclosed total assets of $61,879,068 and
total debts of $231,510,180.

In August 2008, Judge Goldgar converted the chapter 11 case of
Enesco Group and its affiliates to a chapter 7 liquidation
proceeding at the behest of the U.S. Trustee for Region 11.  David
R. Brown was named the chapter 7 trustee to oversee the Debtors'
liquidation.


F&H ACQUISITION: Seeks Dec. 31, 2015 Extension of Removal Deadline
------------------------------------------------------------------
F & H Acquisition Corp. and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to extend the period
within which they may remove actions and related proceedings
through and including Dec. 31, 2015.

The Court approved the sale of substantially all of the Debtors'
assets pursuant to an Asset Purchase Agreement executed between the
Debtors and Cerberus Business Finance, LLC, in its Sale Order,
dated Feb. 28, 2014.  The Court extended the deadline for the
debtors to file notices of removal pursuant to 28 U.S.C. Section
1452 and Bankruptcy Rule 9027 from June 10, 2015 through and
including Sept. 8, 2015.

The Debtors contend that they are parties to actions currently
pending in the courts of certain states and federal districts, and
believe that it is prudent to seek an extension of the time
established by Bankruptcy Rule 9027 to protect the rights of the
Debtors and their estates to remove these actions.  They further
contend that the extension sought will afford the Debtors an
opportunity to make more fully informed decisions concerning the
removal of any action, and will assure that the Debtors and their
estates do not forfeit the valuable rights afforded to them under
28 U.S.C. Section 1452.  The Debtors submit that granting the
extension requested will not prejudice the rights of their
adversaries in the Actions because such parties may not prosecute
these actions absent relief from the automatic stay.

The Debtors are represented by:

          Robert S. Brady, Esq.
          Robert F. Poppiti, Jr., Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302)571-6600
          Facsimile: (302)571-1253
          E-mail: rbrady@ycst.com
                  rpoppiti@ycst.com

                - and -

          Adam H. Friedman, Esq.
          Jordanna L. Nadritch, Esq.
          Jonathan T. Koevary, Esq.
          OLSHAN FROME WOLOSKY LLP
          Park Avenue Tower
          65 East 55th Street
          New York, NY 10022
          Telephone: (212)451-2300
          Facsimile: (212)451-2222
          Email: afriedman@olshanlaw.com
                 jkoevary@olshanlaw.com

                  About F & H Acquisition Corp.

Wichita, Kansas-based F & H Acquisition Corp., et al., owners of
the Fox & Hound, Champps, and Bailey's Sports Grille casual dining
restaurants, filed sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 13-13220) on Dec. 16, 2013, to quickly sell their
assets.

As of the bankruptcy filing, the Debtors had 101 restaurants
located in 27 states and 6,000 employees.  F & H disclosed $122
million in assets and $123 million in liabilities as of the Chapter
11 filing.

The Debtors are represented by Robert S. Brady, Esq., Robert F.
Poppiti, Jr., Esq., and Rodney Square, Esq., at Young, Conaway,
Stargatt & Taylor, LLP of Wilmington, DE; and Adam H. Friedman,
Esq., Jordana L. Nadritch, Esq., and Jonathan T. Koevary, Esq. at
Olshan Frome Wolosky, LLP of New York, NY.  Imperial Capital LLC
as
financial advisor; and Epiq Bankruptcy Solutions as claims and
noticing agent.

The Official Committee of Unsecured Creditors is represented by
Bradford J. Sandler, Esq., at Pachulski Stang Ziehl & Jones, LLP,
in Wilmington; and Jeffrey N. Pomerantz, Esq., at Pachulski Stang
Ziehl & Jones, LLP, in Los Angeles, California.

By order dated Feb. 28, 2014, the Court approved the sale of
substantially all of the assets pursuant to an Asset Purchase
Agreement, dated as of Feb. 7, 2014, by and among the Debtors and
Cerberus Business Finance, LLC, as buyer.  The sale closed on March
12, 2014.



F-SQUARED INVESTMENT: Amendment No. 2 on Broadmeadow APA Filed
--------------------------------------------------------------
F-Squared Investment Management, LLC and its affiliated debtors
served notice to the U.S. Bankruptcy Court for the District of
Delaware of their second amendment to the Asset Purchase Agreement
that they had executed with Broadmeadow Capital, LLC ("Purchaser")
for the sale of substantially all of the Debtors' assets.

The Debtors relate that they had a disagreement with the Purchaser
over certain conditions of the Asset Purchase Agreement and that
they have entered into Amendment No. 2 to the Asset Purchase
Agreement in order to resolve such disagreement.  The Debtors
further relate that the Official Committee of the Unsecured
Creditors approved the Debtors' entry into the APA Amendment.

A copy of the Amendment No. 2 is available for free at
http://bankrupt.com/misc/F-Squared_Broadm_Am_2_APA.pdf

The Debtors are represented by:

          Russel C. Silberglied, Esq.
          Michael J. Merchant, Esq.
          Zachary I. Shapiro, Esq.
          Amanda R. Steele, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          920 N. King Street
          Wilmington, DE 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701
          Email: silberglied@rlf.com
                 merchant@rlf.com
                 shapiro@rlf.com
                 steele@rlf.com

                    About F-Squared Investment

Headquartered in Wellesley, MA, F-Squared Investments, Inc. --
http://www.f-squaredinvestments.com-- is a privately owned      
investment manager.  The firm primarily provides its services to
other investment advisers.  It also caters to individuals, high
net
worth individuals, and pension and profit sharing plans.  The firm
provides index management services.  It manages separate
client-focused equity, fixed income, and multi-asset portfolios.
The firm invests in the public equity, fixed income, and
alternative investment markets across the globe.  It makes all its
investments through exchange-traded funds.  The firm invests in
small-cap stocks of companies across diversified sectors.

F-Squared Investment Management, LLC and eight of its affiliates
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case
No.
15-11469) on July 8, 2015.  The petition was signed by Laura Dagan
as president and chief executive officer.  The cases are assigned
to Laurie Selber Silverstein.

Richards, Layton & Finger, P.A. serves as the Debtors' counsel.
Gennari Aronson, LLP represents the Debtors as special corporate
counsel.  Grail Advisory Partners LLC (d/b/a PL Advisors) and
Managed Account Services, LLC act as the Debtors' financial
advisors and investment bankers.  Stillwater Advisory Group LLC is
the Debtors' crisis managers and restructuring advisors.  BMC
Group, Inc. acts as the Debtors' claims and noticing agent.



F-SQUARED INVESTMENT: GP Seeks Dissolution of Hedge Fund
--------------------------------------------------------
Debtor AlphaSector LLS GP1, LLC, asks the U.S. Bankruptcy Court for
the District of Delaware to dissolve hedge fund F-Squared U.S.
Sector Opportunities Fund, LP.

AlphaSector ("General Partner") is the sole general partner of the
Hedge Fund.

The General Partner contends that the Hedge Fund was formed on Nov.
4, 2011 pursuant to the Delaware Revised Uniform Limited
Partnership Act ("LP Act") and a Limited Partnership Agreement of
the Hedge Fund, dated Dec. 1, 2011 ("LP Agreement"), between the
General Partner and the limited partners that were party thereto.
The General Partner further contends that prior to the Closing
Date, the Hedge Fund served as a marketing asset for the Debtors'
business.  It asserts that the Hedge Fund, which invested its funds
based on the Debtors' investment strategies, allowed the Debtors to
showcase the success of such strategies based on the actual track
record of the Hedge Fund.  The General Partner contends that the
Hedge Fund is not a Debtor in the Chapter 11 cases but the General
Partner is a Debtor.

The General Partner relates that when the Stalking Horse Agreement
was originally executed, it was uncertain whether the Hedge Fund
would be a Purchased Asset or an Excluded Asset under the
agreement.  It further relates that prior to the Closing Date,
Broadmeadow determined that it did not desire to acquire the Hedge
Fund and, therefore, designated the Hedge Fund as an Excluded
Asset. The General Partner contends that because the Hedge Fund is
an Excluded Asset, the Debtors are obligated under the terms of the
Stalking Horse Agreement to file their motion and, upon obtaining
approval of such motion, wind down and dissolve the Hedge Fund.

The Debtors are represented by:

          Russel C. Silberglied, Esq.
          Zachary I. Shapiro, Esq.
          Amanda R. Steele, Esq.
          Rachel L. Biblo, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          920 N. King Street
          Wilmington, DE 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701
          E-mail: silberglied@rlf.com
                  shapiro@rlf.com
                  steele@rlf.com
                  biblo@rlf.com

                    About F-Squared Investment

Headquartered in Wellesley, MA, F-Squared Investments, Inc. --
http://www.f-squaredinvestments.com-- is a privately owned      
investment manager.  The firm primarily provides its services to
other investment advisers.  It also caters to individuals, high
net
worth individuals, and pension and profit sharing plans.  The firm
provides index management services.  It manages separate
client-focused equity, fixed income, and multi-asset portfolios.
The firm invests in the public equity, fixed income, and
alternative investment markets across the globe.  It makes all its
investments through exchange-traded funds.  The firm invests in
small-cap stocks of companies across diversified sectors.

F-Squared Investment Management, LLC and eight of its affiliates
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case
No. 15-11469) on July 8, 2015.  The petition was signed by Laura
Dagan as president and chief executive officer.  The cases are
assigned to Laurie Selber Silverstein.

Richards, Layton & Finger, P.A. serves as the Debtors' counsel.
Gennari Aronson, LLP represents the Debtors as special corporate
counsel.  Grail Advisory Partners LLC (d/b/a PL Advisors) and
Managed Account Services, LLC act as the Debtors' financial
advisors and investment bankers.  Stillwater Advisory Group LLC is
the Debtors' crisis managers and restructuring advisors.  BMC
Group, Inc. acts as the Debtors' claims and noticing agent.



F-SQUARED INVESTMENT: Seeks $25K Sale of Furniture to Grove Street
------------------------------------------------------------------
F-Squared Investment Management, LLC, and its affiliated debtors
ask the U.S. Bankruptcy Court for the District of Delaware to
authorize the sale of office furniture located at the Debtors'
leased office space at One Newton Executive Park, in Newton,
Massachusetts, to Grove Street Advisors, LLC, for $25,000.

The office furniture consists of furniture, fixtures, furnishings,
office supplies and other tangible personal property at the
Debtors' leased office space at the Newton Building.

The Debtors tell the Court that they intend to file a motion
seeking authority to reject, among others, the Newton Lease and a
sublease of the Newton Building office space with the Purchaser as
sublessee.  They further tell the court that since the close of the
sale of substantially all of the Debtors' assets to Broadmeadow
Capital, LLC, the Debtors have no operations, other than providing
certain transition services to Broadmeadow for a very limited
period of time, and only a limited number of employees.  The
Debtors relate that they no longer require the office space at the
Newton Building.  The Debtors believe that the sale of the Office
Furniture to the Purchaser will bring value to their estates and
benefit their creditors and all parties in interest.

The Motion is scheduled for hearing on Sept. 30, 2015 at 10:00 a.m.
The deadline for the filing of objections was Sept. 25, 2015.

The Debtors are represented by:

          Russel C. Silberglied, Esq.
          Zachary I. Shapiro, Esq.
          Amanda R. Steele, Esq.
          Rachel L. Biblo, Esq.
          Brendan J. Schlauch, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          920 N. King Street
          Wilmington, DE 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701
          E-mail: silberglied@rlf.com
                  shapiro@rlf.com
                  steele@rlf.com
                  biblo@rlf.com
                  schlauch@rlf.com

                    About F-Squared Investment

Headquartered in Wellesley, MA, F-Squared Investments, Inc. --
http://www.f-squaredinvestments.com-- is a privately owned      
investment manager.  The firm primarily provides its services to
other investment advisers.  It also caters to individuals, high
net worth individuals, and pension and profit sharing plans.  The
firm provides index management services.  It manages separate
client-focused equity, fixed income, and multi-asset portfolios.
The firm invests in the public equity, fixed income, and
alternative investment markets across the globe.  It makes all its
investments through exchange-traded funds.  The firm invests in
small-cap stocks of companies across diversified sectors.

F-Squared Investment Management, LLC and eight of its affiliates
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case
No. 15-11469) on July 8, 2015.  The petition was signed by Laura
Dagan as president and chief executive officer.  The cases are
assigned to Laurie Selber Silverstein.

Richards, Layton & Finger, P.A. serves as the Debtors' counsel.
Gennari Aronson, LLP represents the Debtors as special corporate
counsel.  Grail Advisory Partners LLC (d/b/a PL Advisors) and
Managed Account Services, LLC act as the Debtors' financial
advisors and investment bankers.  Stillwater Advisory Group LLC is
the Debtors' crisis managers and restructuring advisors.  BMC
Group, Inc. acts as the Debtors' claims and noticing agent.



FILMED ENTERTAINMENT: Proposes Oct. 16 Auction for Assets
---------------------------------------------------------
Filmed Entertainment Inc. seeks authority from the United States
Bankruptcy Court for Southern District of New York to sell
substantially all of its assets and establish procedures governing
the bidding and auction of the assets.

The Debtor's business consists of its ownership and operation of
the Columbia House DVD Club, a business line that traces its
origins back to the 1950s, and to CBS Inc.'s Columbia House
Company's music division.

The Debtor tells the Court that the proposed sale is necessary to
avoid the continuing losses associated with its business and to
maximize value for its bankruptcy estate.  Absent an expeditious
sale, the Debtor's operations will continue to lose revenue leading
to further financial distress, ultimately leaving the Debtor with
no real alternative but to cease operations and liquidate its
assets on a piecemeal basis.  The Debtor believes that a sale of
the assets on a going-concern basis -- rather than a piecemeal
liquidation -- will provide it with the greatest opportunity to
maximize value for the benefit of the various parties in interest
in its Chapter 11 case.

In order to maximize the value of the assets, the Debtor proposes
that potential bidders must submit a qualified bid no later than
Oct. 15, 2015.  The amount of the purchase price in the bid must
provide for net cash (or cash equivalent) that is at least in the
amount of: $50,000 more than the base price contained in the
Purchase Agreement.  According to the Debtor, nine Postpetition
Potential Buyers have executed non-disclosure agreements and have
been granted access to the Debtor's data room.

In the event that the Debtor timely receives more than one
Qualified Bid by the Bid Deadline for all or any portion of the
Acquired Assets, the Debtor will conduct an Auction at the offices
of Griffin Hamersky P.C., in New York, on October 16, 2015,
starting at 10:00 a.m. (New York Time).

The Debtor propose that a hearing to consider approval of the sale
be scheduled for October 20, 2015.  

Filmed Entertainment Inc. is represented by:

          Scott A. Griffin, Esq.
          Michael D. Hamersky, Esq.
          GRIFFIN HAMERSKY P.C.
          485 Madison Avenue, 7th Floor
          New York, NY 10022
          Tel: (212) 710-0338
          Fax: (212) 710-0339
          Email: sgriffin@grifflegal.com
                 mhamersky@grifflegal.com

                               About Filmed Entertainment

Filmed Entertainment Inc. owns and operates the "Columbia House DVD
Club," a direct-to-customer distributor of movies and television
series in the United States.  FEI conducts its business through
physical catalogues and through the --
http://www.columbiahouse.com/Web site.  FEI was historically
active in the musical compact disc business, but exited the music
business in 2010.  Founded in 1955 as a division of CBS Inc. to
sell vinyl records and cassette tapes, FEI is a unit of Pride Tree
Holdings, Inc., which acquired FEI in December 2012.

On Aug. 10, 2015 FEI filed a voluntary petition for relief under
Chapter 11 of the United States Bankruptcy Code (Bankr. S.D.N.Y.
Case No. 15-12244) in Manhattan, New York.  The case is pending
before the Honorable Shelley C. Chapman.

The Debtor tapped Griffin Hamersky P.C. as counsel, and Prime Clerk
LLC as claims and noticing agent.

The Debtor estimated assets of $1 million to $10 million and debt
of $50 million to $100 million.

The U.S. Trustee for Region 2 appointed five creditors of Filmed
Entertainment Inc. to serve on the official committee of unsecured
creditors.


FIRST DATA: Signs New Employment Agreement with CEO
---------------------------------------------------
First Data Corporation and Frank J. Bisignano, the Company's
chairman and chief executive officer, entered into a new employment
agreement on Sept. 18, 2015.  The Employment Agreement replaces Mr.
Bisignano's prior employment agreement with First Data Holdings
Inc. and the Company, dated April 28, 2013.

The Employment Agreement provides for an initial term commencing on
Sept. 18, 2015, and ending on Dec. 31, 2020.  Beginning Jan. 1,
2021, the term will be automatically extended for successive
one-year periods thereafter unless one of the parties provides the
other with written notice of non-renewal at least 60 days prior to
the end of the applicable term.

The Employment Agreement has substantially similar terms as the
Prior Agreement, except as follows:

   Mr. Bisignano will continue to be entitled to receive the same
   severance benefits upon certain terminations of his employment
   as the Prior Agreement; however, the Employment Agreement
   clarifies that the portion of any severance payments to which
   Mr. Bisginano is entitled in respect of annual incentive
   payments refers only to any annual incentive payments made to
   him in cash.

                         About First Data

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

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

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

                           *     *     *

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



FORESIGHT ENERGY: Moody's Affirms B2 Corporate Family Rating
------------------------------------------------------------
Moody's changed the outlook on the ratings of Foresight Energy, LLC
to negative from positive. At the same time, Moody's affirmed the
corporate family rating (CFR) of B2, probability of default rating
(PDR) of B2-PD, senior secured rating of Ba3 and the rating on
senior unsecured notes of Caa1. The speculative grade liquidity
rating was lowered to SGL-3 from SGL-2.

Affirmations:

Issuer: Foresight Energy, LLC

Corporate Family Rating, Affirmed B2

Probability of Default Rating, Affirmed B2-PD

Senior Secured Revolving Credit Facility due 2018, Affirmed Ba3, to
LGD3 from LGD2

Senior Secured Term Loan due 2020, Affirmed Ba3, to LGD3 from LGD2

Senior Notes due 2021, Affirmed Caa1, LGD5

Lowered: Speculative Grade Liquidity Rating, lowered to SGL-3 from
SGL-2

Outlook Actions:

Outlook, Changed To Negative From Positive

RATINGS RATIONALE

The change in outlook reflects recent deterioration in seaborne and
domestic coal prices, which we expect to persist, putting pressure
on average realizations over the next two years as higher priced
contracts roll off. We expect that the company's production volumes
to remain steady over the next two to three years, reflecting its
solid contracted position, predominantly with large base-load
plants, and its low cost position in an industry that is facing
declining demand at home and persistent oversupply in the seaborne
markets.

Coal consumption in the United States continues to be pressured by
low-cost natural gas (with Henry Hub prices persisting below $3.00
in the first nine months of 2015). While we believe Illinois Basin
coal to be generally more competitive due to its low cost, high
heat content and its customer base in larger baseload plants, it is
not immune to the larger trends affecting the US coal industry. In
addition to cheap natural gas, EPA's recently issued Clean Power
Plan will keep the US coal industry in secular decline, and will
have an impact across all US basins. And while the Illinois Basin
enjoys easy access to the seaborne markets via Gulf Coast ports,
persistent oversupply and weak pricing will impact potential for
exports.

The B2 CFR continues to reflect our expectation that Foresight will
continue to generate sufficient free cash flows, with capex largely
limited to maintenance levels over the next two to three years. The
CFR also reflects uncertainties as to future financial policies
under the MLP structure, as the company attempts to manage its
future investment needs, target dividend payouts and leverage
ratios. The ratings reflect the company's position as one of the
lowest cost producers in the Illinois Basin, ample reserves,
multiple transportation options, and access to export markets. The
CFR also captures the stable domestic customer base of large
scrubbed coal plants and attractive contracted position through the
end of 2017. The ratings are constrained by the company's
geographical and operational concentration as an Illinois Basin
producer with four underground mining complexes and the large
dividend payout arising from its MLP structure.

The SGL-3 speculative grade liquidity rating reflects our
expectation that Foresight will maintain an adequate liquidity
position, including sufficient operating cash flows to cover capex
and MLP payouts. As of June 30, 2015, liquidity consisted of $28
million in cash and availability of $175 million under $500 million
revolver maturing in August 2018. We expect the company to be in
compliance with the secured credit facility restrictive covenants
over the next twelve months.

The ratings could be upgraded if free cash flows were expected to
be positive with Debt/ EBITDA, as adjusted, maintained below 4x.

A negative rating action would be considered if Debt/ EBITDA were
expected to rise above 5x or if liquidity were to deteriorate.



FOREST PARK MEDICAL: Designates Michael Miller as CRO
-----------------------------------------------------
Forest Park Medical Center at Frisco, LLC, filed with the
Bankruptcy Court an application to employ Michael S. Miller as its
chief restructuring officer, effective as of Sept. 22, 2015.

The Debtor is currently governed by an eight-member Board of
Managers made up of the following doctors: Dr. Guy Culpepper, Dr.
Brian Borgfeld, Dr. Ricardo Meade, Dr. Jeff Cattorini, Dr. Colin
Pero and Dr. Robert Wyatt.  In addition, two members of glendonTodd
Capital, LLC, Todd Furniss and Mary Hatcher, also with the
Management Company and Vibrant Healthcare Frisco Holdings, LLC,
also serve on the Board.

Each of the members of the Board own or represent ownership
interests in the Debtor.  In addition, certain of the members
represent interests in several of the Forest Park Center
facilities, including the Dallas location, which owns a direct
ownership interest in the Debtor.  GlendonTodd is also working with
the Management Company, which is owed a significant balance as of
the Petition Date.

"These interrelated interests held and represented by the Board
members creates an inherent conflict of interest for those members,
making it difficult for each of them to clearly act
only in the best interest of the Debtor, especially in light of the
relatively low probability of a full recovery to unsecured
creditors and more than likely, no recovery to equity," asserts
William L. Medford, Esq. at Lewis Brisbois Bisgaard & Smith, LLP,
counsel to the Debtor.

Due to these issues, and other concerns specific to these
creditors, Texas Holdings, L.P. and Texas Capital Bank have
specifically required that, in particular, Mr. Miller is appointed
as the Debtor's CRO.  TCB has required it as a condition to their
agreement to the First-Day Motions, including the agreed closure of
the Debtor's account at TCB holding their collateral.  More
importantly, Sabra has required it as a condition of extending the
DIP Financing.

Mr. Miller, a senior vice president with Deloitte who will act as
CRO for the Debtor, has more than 30 years of experience in
healthcare administration and finance through various hospital
administrative and executive roles.  He holds a Bachelor of Science
from University of Texas at Arlington, and a Master of Business
Administration from the University of Dallas.  He has previously
served as CEO, CFO, COO and CRO for a variety of hospitals,
long-term acute care hospitals, skilled nursing, rehabilitative
units, psychiatric units, ambulatory care clinics, and durable
medical care.  He has extensive experience examining the finances
and operations of hospitals, particularly in the distressed
setting.

Mr. Miller will provide the ordinary course duties of a chief
restructuring officer to do the following:

   * Manage the Debtor's Chapter 11 case, including, without
     limitation, sole management and oversight of any sale of the
     Debtor's assets and development of a Disclosure Statement and
     Plan of Reorganization, with no reporting responsibilities to
  
     the Debtor's Board.

   * Manage the "working group" professionals who are assisting
     the Debtor in the reorganization process or who are working
     for the Debtor's various stakeholders to improve coordination
     of their effort and individual work product to be consistent
     with the Debtor's overall restructuring goals.

   * Assist in obtaining and presenting information required by
     parties-in-interest in the Debtor's bankruptcy process
     including official committees appointed by the United States
     Bankruptcy Court for the Eastern District of Texas.

   * Provide assistance in such areas as testimony before this
     Court on matters that are within the scope of this engagement
     and within his area of testimonial competencies.

   * Assist with other matters as may be requested that fall
     within Mr. Miller's expertise and that are mutually      
     agreeable.

Mr. Miller seeks to be compensated for his services as CRO, and
reimbursed for the out-of-pocket expenses he incurs in accordance
with his customary billing practices with Deloitte.  The Fee and
Expense Structure includes Deloitte as the Debtor's financial
advisor, which includes Mr. Miller's hourly rate at $500.

According to Deloitte's books and records, during the 90 day period
prior to the Petition Date, it received retainers and payments
totaling $85,000 in the aggregate for professional services
performed and expenses incurred, which were applied to amounts due
for services rendered and expenses incurred prior to the Petition
Date.  Mr. Miller's current estimate is that Deloitte incurred fees
in excess of $135,000.  Deloitte has agreed that any portion of the
Pre-petition Billings, currently approximately
$50,000, not paid will be written off.  Accordingly, the Debtor
does not owe Deloitte or Mr. Miller any sums for pre-petition
services.

To the best of the Debtor's knowledge: (a) Mr. Miller has no
connection with it, its creditors, or other parties-in-interest, or
the attorneys or accountants of the foregoing, or the Office of the
United States Trustee for the Eastern District of Texas or any
person employed in the Office of the U.S. Trustee; and (b) does not
hold any interest adverse to its estate.

                    About Forest Park Medical

Forest Park Medical Center at Frisco, LLC filed Chapter 11
bankruptcy petition (Bankr. E.D. Tex. Case No. 15-41684) on
Sept. 22, 2015.  The petition was signed by Michael Miller, the
CRO.  The Debtor estimated assets and liabilities in the range of
$10 million to $50 million.

The Debtor is a doctor-owned Texas limited liability company that
owns and operates a 54-bed state-of-the-art medical facility,
including 30 private rooms, 14 family suites, and 10 intensive care
rooms in Frisco, Texas.

Hon. Brenda T. Rhoades is assigned to the case.

Lewis Brisbois Bisgaard & Smith LLP serves as counsel to the
Debtor.



FOREST PARK MEDICAL: Gets Interim OK for $18.5M DIP Financing
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Texas
authorized Forest Park Medical Center at Frisco, LLC, to obtain
postpetition financing from its landlord to fund its operating
expenses and pay certain other costs and expenses of administration
of its Chapter 11 case.

Sabra Texas Holdings, L.P., has offered the Debtor
debtor-in-possession financing in the approximate amount of
$18,500,000, available in draws and accruing interest at a 5%
interest rate, payable monthly in arrears pursuant to a Senior
Secured Superpriority Debtor-In-Possession Loan and Security
Agreement.

All of the DIP Obligations approved under the Interim Order will
constitute allowed senior administrative-expense claims against the
Debtor with priority over any and all administrative expenses,
adequate-protection claims, diminution-of-value claims, and all
other claims against the Debtor.

The Debtor leases real property and fixtures in which the Hospital
operates, from Sabra pursuant to the terms of that certain Lease
Agreement dated Dec. 6, 2010, which was thereafter amended pursuant
to that certain First Amendment to Lease Agreement dated as of Oct.
22, 2013, assigning the Lease from FPMC Frisco Realty Partners, LP
to Sabra.  The Lease is for an initial term of 20 years, accruing
rent in the amount of $842,290 per month for the Hospital and the
parking structure, to increase every calendar year over the term of
the Lease by 3%.  As part of the Interim Order, the Debtor affirmed
that it is in default under a Lease Agreement with Sabra.

The final hearing will be held on Oct. 16, 2015, at 10:00 a.m.
(prevailing Central Time) to consider the entry of a final order.

                     About Forest Park Medical

Forest Park Medical Center at Frisco, LLC, filed Chapter 11
bankruptcy petition (Bankr. E.D. Tex. Case No. 15-41684) on
Sept. 22, 2015.  The petition was signed by Michael Miller as chief
restructuring officer.  The Debtor estimated assets and liabilities
in the range of $10 million to $50 million.

The Debtor is a doctor-owned Texas limited liability company that
owns and operates a 54-bed state-of-the-art medical facility,
including 30 private rooms, 14 family suites, and 10 intensive care
rooms in Frisco, Texas.

Hon. Brenda T. Rhoades is assigned to the case.

Lewis Brisbois Bisgaard & Smith LLP serves as counsel to the
Debtor.



FOREST PARK MEDICAL: To Keep Patient Details Confidential
---------------------------------------------------------
Forest Park Medical Center at Frisco, LLC, seeks authority from the
Bankruptcy Court to file patient matrix under seal to maintain the
confidentiality of patient information as required by the Health
Insurance Portability and Accountability Act of 1996 and the Texas
Medical Records Privacy Act, while providing required disclosures
in this bankruptcy case.

Bankruptcy Rule 1007(a) and Local Rule 1007 require the Debtor to
file matrices listing creditors by name and address.  In addition,
Section 521 of the Bankruptcy Code and Bankruptcy Rule 1007 also
require the Debtor to publish certain schedules listing information
about creditors.

HIPAA and similar laws and regulations under the TMRPA, however,
potentially bar the Debtor from publishing identifying information
about certain patients of the Debtor who may also be potential
claimants who would ordinarily appear on those matrices.

"Listing any patient's name or address in the matrix, Schedules,
and Statement, or any notice or certificate of service, however,
may violate the HIPAA Privacy Rule," says William L. Medford, Esq.
at Lewis Brisbois Bisgaard & Smith, LLP, counsel to the Debtor.

                        Notice to Patients

The Debtor tells the Court that as a practical matter, it would be
extremely costly for it to provide formal, written, ongoing notice
to each and every one of the over 24,000 Patients who are
technically entitled to receive that notification.  Thus, the
Debtor seeks the Court's approval to send the Patients notice of
this case by:

   1) transmitting to each Patient, where possible, in writing,
      the Notice of Commencement of this Bankruptcy Case and Proof
      of Claim form, as well as a communication informing the
      Patients how to request further notice of future pleadings
      and access to the claims agent's Web site; and

   2) giving notice to all Patients via publication in the local
      newspaper.

The claims agent for this case is proposed to be Donlin, Recano &
Company, Inc.

                    About Forest Park Medical

Forest Park Medical Center at Frisco, LLC filed Chapter 11
bankruptcy petition (Bankr. E.D. Tex. Case No. 15-41684) on
Sept. 22, 2015.  The petition was signed by Michael Miller as chief
restructuring officer.  The Debtor estimated assets and liabilities
in the range of $10 million to $50 million.

The Debtor is a doctor-owned Texas limited liability company that
owns and operates a 54-bed state-of-the-art medical facility,
including 30 private rooms, 14 family suites, and 10 intensive
care rooms in Frisco, Texas.

Hon. Brenda T. Rhoades is assigned to the case.

Lewis Brisbois Bisgaard & Smith LLP serves as counsel to the
Debtor.



FOUR OAKS: Appoints Chief Financial Officer
-------------------------------------------
Four Oaks Fincorp, Inc., the holding company for Four Oaks Bank &
Trust Company, announced that Ms. Deanna W. Hart has been appointed
executive vice president and chief financial officer of the Company
and the Bank, effective Oct. 1, 2015.  Ms. Hart has been serving as
the Bank's senior vice president and controller since January 2014
and acting chief financial officer of the Company and the Bank
since Sept. 1, 2015.

President and Chief Executive Officer David H. Rupp stated, "Deanna
has been an integral part of the management team and a key
contributor since she joined the bank twelve years ago.  I have the
utmost confidence in her as she assumes the CFO position and look
forward to continuing to work with her as we build on our recent
momentum."

"It is a tremendous opportunity to be named CFO at such an exciting
time," said Hart.  "In addition to leading the finance team at the
bank, I look forward to working with the executive team on
initiatives to support our continued growth."

With $722 million in total assets as of June 30, 2015, the Company,
through its wholly-owned subsidiary, Four Oaks Bank & Trust
Company, offers a broad range of financial services through its
sixteen offices in Four Oaks, Clayton, Smithfield, Garner, Benson,
Fuquay-Varina, Wallace, Holly Springs, Harrells, Zebulon, Dunn,
Raleigh (LPO), Apex (LPO) and Southern Pines (LPO), North Carolina.
Four Oaks Fincorp, Inc. trades through its market makers under the
symbol of FOFN.

In connection with Ms. Hart's appointment, the Board approved an
increase in her annual base salary to $155,000.  In addition, Ms.
Hart will be eligible to participate in the executive incentive
plan, the amount of which will be determined at the discretion of
the Compensation Committee of the Board based on guidelines and
performance measures mutually agreed upon by Ms. Hart and the Chief
Executive Officer of the Bank.  

The Board also authorized a grant to Ms. Hart of 50,000 shares of
restricted stock under the Four Oaks Fincorp, Inc. 2015 Restricted
Stock Plan.  Ms. Hart's award will be made pursuant to the
previously disclosed Form of Restricted Stock Award Agreement for
Executive Team members, and will vest over a three-year period
based on attainment of performance measures and goals set forth in
the Award Agreement.  The Board also approved a modification to Ms.
Hart's previously granted restricted stock awards, which were made
pursuant to the Company's Form of Restricted Stock Award Agreement
for Management Team members, to align the terms of such awards with
those applicable to Executive Team awards.  Ms. Hart's other
compensation arrangements remain unchanged.   

                          About Four Oaks

With $722 million in total assets as of June 30, 2015, Four Oaks
Bank & Trust Company, through its wholly-owned subsidiary, Four
Oaks Bank & Trust Company, offers a broad range of financial
services through its sixteen offices in Four Oaks, Clayton,
Smithfield, Garner, Benson, Fuquay-Varina, Wallace, Holly Springs,
Harrells, Zebulon, Dunn, Raleigh (LPO), Apex (LPO) and Southern
Pines (LPO), North Carolina.  Four Oaks Fincorp, Inc. trades
through its market makers under the symbol of FOFN.

Four Oaks Fincorp reported a net loss of $4.18 million in 2014, a
net loss of $350,000 in 2013, a net loss of $6.96 million in 2012
and a net loss of $9.09 million in 2011.

As of June 30, 2015, the Company had $722 million in total assets,
$663 million in total liabilities and $58.8 million in total
shareholders' equity.



GENIUS BRANDS: Launches Baby Genius Brand
-----------------------------------------
Genius Brands International, Inc., distributed a letter to its
shareholders informing the re-launch of Baby Genius as part of a
robust expansion of the timeless brand, based on an entirely new
Baby Genius Learn & GrowTM program that has been created to align
with a child's natural development.

"After two long years of reinvention, brand architecture, design,
product development, licensee and retail presentations, the long
awaited launch of our flagship infant and toddler brand, BABY
GENIUS, has arrived," says Andy Heyward chairman & CEO
Genius Brands International, Inc.

"Today, 46 separate products go live exclusively on AMAZON.com, the
world's largest retailer, for one of the biggest and most supported
launches of a new kids brand ever," he adds.

A complete copy of the letter is available for free at:

                       http://is.gd/gAB91O

                       About Genius Brands

Beverly Hills, Calif.-based Genius Brands International, Inc.,
creates and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $3.72 million in 2014, a net
loss of $7.21 million in 2013, a net loss of $2.06 million in
2012 and a net loss of $1.37 million in 2011.

As of June 30, 2015, the Company had $16.44 million in total
assets, $4.33 million in total liabilities and $12.11 million in
total equity.



GEROVA FINANCIAL: SEC Charges Six in Stock Fraud Scheme
-------------------------------------------------------
The Securities and Exchange Commission charged six men, including a
father and three sons, with defrauding investors in Gerova
Financial Group Ltd., whose shares once traded on the New York
Stock Exchange.

The SEC's complaint, filed in U.S. District Court in Manhattan,
charges John Galanis, his sons Jason Galanis, Derek Galanis, and
Jared Galanis, along with Gerova president and chairman Gary T.
Hirst and investment adviser Gavin Hamels.  John Galanis has been a
defendant in numerous SEC enforcement actions dating back to the
early 1970s and his son Jason Galanis was charged by the SEC in
2007.

According to the SEC's complaint, in early 2010, Jason Galanis and
Hirst orchestrated a scheme to secretly issue $72 million of
unrestricted Gerova shares to a Galanis family friend in Kosovo.
Jason Galanis, his father, and his brothers allegedly directed
sales of the shares from the Kosovo friend's brokerage accounts and
had the proceeds wired to them and their associates who
collectively realized approximately $20 million in illicit
profits.

Jason Galanis is alleged to have bribed Hamels to purchase Gerova
stock to help stabilize the stock's price as the shares were
liquidated.  The complaint alleges that many of the purchases were
coordinated in matched trades with the Kosovo friend's sales.
Hamels is alleged to have purchased Gerova stock for advisory
clients based on arrangements with Jared Galanis regarding the
times, prices, and amounts of stock to purchase, and is alleged to
have failed to inform his clients of the bribe from Jason Galanis.

"We allege that by fraudulently obtaining the shares and dumping
them in sales to public investors, these six individuals enriched
themselves and displayed a callous disregard for the company's
investors and for the integrity of the public markets," said Andrew
M. Calamari, Director of the SEC's New York Regional Office.   

In a parallel action, the U.S. Attorney's Office for the Southern
District of New York announced criminal charges against the six
charged by the SEC as well as the family friend in Kosovo.

The SEC's complaint charges the six defendants with violations of
the antifraud provisions of the federal securities laws, charges
Jason Galanis, Derek Galanis, Jared Galanis and Hirst with
securities registration violations, and charges Hamels with
investment adviser fraud.  The complaint seeks a final judgment
permanently enjoining the defendants from future violations of the
federal securities laws, imposing financial penalties, and ordering
them to disgorge their allegedly ill-gotten gains plus prejudgment
interest.

The SEC's investigation was conducted by H. Gregory Baker,
Christopher Ferrante, Leslie Kazon, and Sheldon Pollock of the New
York Regional Office.  The litigation will be led by Nancy A. Brown
and Mr. Baker.  The SEC thanks the U.S. Attorney's Office of the
Southern District of New York, the U.S. Postal Inspection Service,
and the Federal Bureau of Investigation for their assistance in
this matter.


GORDON PROPERTIES: Bid to Seal FOA Members' Letters Partially OK'd
------------------------------------------------------------------
Judge Robert G. Mayer of the United States Bankruptcy Court for the
Eastern Division of Virginia granted in part and denied in part
Gordon Properties, LLC, and Condominium Services, Inc.'s motion to
seal documents

The action arises out of the motion of CSI to enter into a contract
with First Owners' Association of Forty Six Hundred Condominium,
Inc., and the motion to approve the settlement between FOA, CSI and
Gordon Properties.  Eight letters were filed by members of FOA and
became a subject of Gordon Properties' motion to seal those
letters, asserting that they contain "scurrilous, if not
defamatory, statements regarding the managing member of the debtor.
Two unit owners, who each submitted two letters, objected to the
motion.  The United States Trustee also opposed the motion.

The court found none of the statements complained of to be
defamatory.  While some may be critical of the managing member or
his conduct, they do not rise to the level of defamation, Judge
Mayer held.  More importantly, it is not possible from the record
to determine that they are false, Judge Mayer noted.  They may be
potentially false, but the court would need to conduct a hearing to
determine that they are false.  In any event, they were relevant to
the two motions pending before the court.  A few statements could
be considered scandalous.

The original letters with the scandalous statements will be sealed
and redacted copies will be filed, Judge Mayer ruled.

The bankruptcy case is In re: GORDON PROPERTIES, LLC and
CONDOMINIUM SERVICES, INC., Chapter 11 Debtors, Case Nos.
09-18086-Rgm, 10-10581-Rgm (Jointly Administered)(Bankr. E.D.
Va.).

A full-text copy of Judge Mayer's memorandum opinion September 4,
2015, is available at http://is.gd/Tq3aS5from Leagle.com.

Debtors are represented by:

         Donald F. King, Esq.
         Lauren Friend McKelvey, Esq.
         ODIN, FELDMAN & PITTLEMAN, PC
         1775 Wiehle Avenue, Suite 400
         Reston, VA 20190
         Phone: (703) 218-2116
         Fax: (703) 218-2160
         Email: donking@ofplaw.com
                Lauren.McKelvey@ofplaw.com

            -- and --

         Madeline A. Trainor, Esq.
         REDMON, PEYTON & BRASWELL L.L.P.
         510 King Street, Suite 301
         Alexandria, VA 22314
         Phone: (703) 684-2000
         Email: mtrainor@rpb-law.com

Judy A. Robbins, U.S. Trustee, is represented by:

         Frank J. Bove, Esq.
         Michael Tully Driscoll, Esq.
         Joseph A. Guzinski, Esq.
         Bradley David Jones, Esq.
         Office of the United States Trustee

                       About Gordon Properties, LLC

Alexandria, Va.-based Gordon Properties, LLC, owns 39 condominium
units in The 4600 Condominium, a high-rise apartment building with
both residential and commercial units.  Gordon Properties'
ownership of these condos represents about a 20% interest in the
Forty Six Hundred Condominium project -- http://foa4600.org/-- in

Alexandria.  Gordon also owns all of the equity of a subsidiary,
Condominium Services, Inc., which operates as a condominium
management company.

Gordon Properties is owned by related family members, Bryan Sells,
Mr. Sells' sister, Elizabeth Greenwell, and his cousins, Lindsay
Wilson and Julia Langdon.  The company was created in 2002 to take
title to the Condo Units which had been held in a trust that was
created under the will of Bryan Gordon following his death.  Bryan
Gordon was the grandfather of the four members of the Debtor.

Gordon Properties sought Chapter 11 protection (Bankr. E.D. Va.
Case No. 09-18086) on Oct. 2, 2009, and is represented by Donald
F. King, Esq., at Odin, Feldman & Pittleman PC in Fairfax, Va.
Gordon Properties disclosed $11.1 million in assets and $1.56
million in liabilities.

Condominium Services filed its chapter 11 petition (Bankr. E.D.
Va. 10-10581) on Jan. 26, 2010.  It scheduled one creditor, the
condominium association, with a disputed claim of $436,802.
The association filed a proof of claim asserting a claim of
$453,533.  A second proof of claim was filed by the Internal
Revenue Service for $1,955.  According to its schedules, if
both claims are allowed, it has a net deficit of about $426,900.
CSI is wholly owned by Gordon Properties.

In February 2012, Judge Mayer denied the motion of the association
to substantively consolidate the chapter 11 bankruptcy cases of
Gordon Properties and Condominium Services, Inc., the condominium
management company.

Gordon Properties and CSI opposed the motion.  The two cases were
previously administratively consolidated.


GRAHAM GULF: Owner Agrees to Provide $1-Mil. DIP Financing
----------------------------------------------------------
Graham Gulf, Inc., seeks Bankruptcy Court permission to obtain
$1,000,000 secured credit facility and to use cash collateral to
pay employee obligations, critical vendor claims and other
expenditures.

Janson Graham, owner of the Debtor, has agreed to provide the
Debtor secured credit facility bearing an interest rate of 3
percent per annum.

The DIP Lender will be entitled to have priority over all other
administrative claims and expenses, as provided in Section
364(c)(1) of the Bankruptcy Code.

"Because the Debtor's available and projected liquidity is
insufficient to fund their operations, the credit provided under
the DIP Facility is necessary to preserve the value of the Debtor's
estates for the benefit of all stakeholders," says Jeffery J.
Hartley, Esq. at Helmsing, Leach, Herlong, Newman & Rouse, P.C.,
the Debtor's attorney.

The Debtor also requests to use cash collateral securing its
indebtedness to Wells Fargo Bank, National Association, as
Administrative Agent, Wells Fargo Bank, National Association, as
Lead Arranger and Bookrunner, under a credit agreement dated as of
March 13, 2014.  The Debtor has funded debt outstanding of
approximately $21,993,110 as of the Petition Date.

According to the Debtor, Wells Fargo swept over $2,000,000 from its
accounts receivable within the 45 days immediately preceding the
Petition Date.  Cash starved, the Debtor asserts it has no choice
but to seek operating funds from an alternative source.

                         About Graham Gulf

Founded in 1996, Graham Gulf, Inc., operates 11 fast supply vessels
designed specifically for providing a more efficient and
cost-effective support for field production operations and remote
drilling location services.

Graham Gulf filed Chapter 11 bankruptcy petition (Bankr. S.D. Ala.
Case No. 15-03065) on Sept. 18, 2015.  The petition was signed by
Janson Graham, the president and owner.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.


Helmsing, Leach, Herlong, Newman & Rouse PC serves as the Debtor's
counsel.



GRAHAM GULF: Proposes to Pay $2 Million Critical Vendor Claims
--------------------------------------------------------------
Graham Gulf, Inc., is asking for permission from the Bankruptcy
Court to pay its prepetition obligation of certain vendors,
suppliers, service providers in an amount not to exceed $1,500,000
on an interim basis and $2,000,000 on a final basis.

The Debtor proposes to condition payments to Critical Vendors on
each Critical Vendor's agreement to (i) accept that payment in
satisfaction of all or a part of its Claim; (ii) continue to
provide supplies or services to the Debtor during the Chapter 11
case consistent with those practices and programs; and (iii) waive
lien rights it may hold in respect of prepetition obligations
against a Debtor-owned vessel or property of the Debtor's
customers.

To operate its vessels, the Debtor purchases equipment, materials,
supplies, goods, and other "necessaries" from a variety of vendors.
These Critical Vendors furnish the Debtor with products
fundamental to its operations without which the Debtor would be
unable to operate its vessels, service its customers, or complete
its projects.  According to the Debtor, without these goods and
services its business would suffer severe disruption, jeopardizing
its ability to continue operating.

                         About Graham Gulf

Founded in 1996, Graham Gulf, Inc., operates 11 fast supply vessels
designed specifically for providing a more efficient and
cost-effective support for field production operations and remote
drilling location services.

Graham Gulf filed Chapter 11 bankruptcy petition (Bankr. S.D. Ala.
Case No. 15-03065) on Sept. 18, 2015.  The petition was signed by
Janson Graham, the president and owner.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.


Helmsing, Leach, Herlong, Newman & Rouse PC serves as the Debtor's
counsel.



GRAHAM GULF: Wants to Employ Helmsing Leach as Attorneys
--------------------------------------------------------
Graham Gulf, Inc., seeks authority from the Bankruptcy Court to
employ Helmsing, Leach, Herlong, Newman & Rouse, P.C. as its
counsel to give legal advice with respect its and management of its
property.  The Debtor will pay the firm at these hourly rates:

             Jeffrey J. Hartley            $305
             Christopher T. Conte          $255
             Other Associates              $225
             Paralegals                    $105

Prior to the Petition Date, Helmsing received a retainer of
$67,729.

Jeffrey J. Hartley, Esq., of Helmsing Leach, assures the Court that
neither he nor his firm has ever represented any of the parties
involved in the Debtor's Chapter 11 bankruptcy case.

                         About Graham Gulf

Founded in 1996, Graham Gulf, Inc., operates 11 fast supply vessels
designed specifically for providing a more efficient and
cost-effective support for field production operations and remote
drilling location services.

Graham Gulf filed Chapter 11 bankruptcy petition (Bankr. S.D. Ala.
Case No. 15-03065) on Sept. 18, 2015.  The petition was signed by
Janson Graham, the president and owner.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.


Helmsing, Leach, Herlong, Newman & Rouse PC serves as the Debtor's
counsel.



GRAINGER FARMS: Bankruptcy Court Approves $11.3M Sale of Assets
---------------------------------------------------------------
The Florida farmland picture got a bit clearer Sept. 25 with court
approval of the sale of $11.3 million in assets, as part of the
Chapter 11 proceedings for Grainger Farms, Inc., Grainger Land,
LLC, and SamAnn Farms, LLC.

The U.S. Bankruptcy Court's ruling confirmed the Sept. 17 auction
of 1,151 acres of farmland.  Murray Wise Associates marketed the
land and managed the auction in cooperation with Crosby &
Associates.  A related auction of machinery, managed by Weeks
Auction, added another $1.1 million to the total.

"We accomplished what we had to do, and the auctions exceeded my
expectations, thanks to the good work of Murray Wise Associates,
Crosby & Associates, and Weeks Auction," said James Grainger II,
president of Grainger Farms.  "The money raised by the sale of the
land and machinery will ensure the future of Grainger Farms,
allowing us to continue operations," he added.

The auction of the farmland in Hendry and Collier counties
attracted a strong crowd of 80, including 36 registered bidders.
Emerging as the high bidder for all the land was Gargiulo, Inc.,
which paid $11,320 per farmable acre.

"Mr. Grainger is pleased, and the court has approved the sale, so
we're delighted.  We had a great turnout of bidders, including
institutions and growers, resulting in a spirited competition.
This is a healthy outcome for Mr. Grainger and for the economy of
the area," said Ken Nofziger, president of Murray Wise Associates.

Murray Wise Associates LLC, headquartered in Champaign, Illinois,
is a national agricultural real estate marketing and financial
advisory firm, with additional offices in Naples, Florida and
Clarion, Iowa.  Crosby & Associates, Inc. based in Winter Haven,
Florida, markets land throughout Florida and surrounding states.
Weeks Auction Co. Inc., based in Ocala, specializes in the sale of
agricultural and industrial equipment through live and online
auctions.

Headquartered in Bradenton, Florida, Grainger Farms, Inc., is a
tomato farm with land holdings in three Florida counties.

Grainger Farms, Inc. (Bankr. M.D. Fla. Case No. 15-04671) and
affiliates JRG Ventures,LLC (Bankr. M.D. Fla. Case No. 15-04672),
Grainger Land, LLC (Bankr. M.D. Fla. Case No. 15-04673), SamAnn
Farms, LLC (Bankr. M.D. Fla. Case No. 15-04674), and SamWes, LLC
(Bankr. M.D. Fla. Case No. 15-04675) filed separate Chapter 11
bankruptcy petitions on May 4, 2015.  The petitions were signed by
James R. Grainger, II, president.


GRASS VALLEY: GW Green Objects to Bid for Turnover Property
-----------------------------------------------------------
GW Green Family Limited Partnership and State Bank of Southern Utah
ask the United States Bankruptcy Court for the District of Utah,
Central Division, to deny Grass Valley Holdings, L.P.'s motion to
compel a custodian to turn over property of the estate.

GW Green and State Bank assert that the title of the proposed order
is objectionable because it uses the word "custodian" and therefore
inaccurately implies that the Court found that GW Green was a
custodian of the pre-petition rents.  That is inaccurate, GW Green
and the bank further assert.  By its ruling the Court determined
that the Debtor was not a custodian of the prepetition rents, which
it had received and applied to the loans.  Thus, the Court found
that the rents collected postpetition were property of the
bankruptcy estate pursuant to Section 541 of the Bankruptcy Code,
not that GW Green was a custodian.  Therefore, the Debtor's use of
the word "custodian" in the caption of its Proposed Order is
inaccurate, the creditors object.

In response, the Debtor asks the Court to overrule the objection,
explaining that the Objection takes issue with the title of the
Order using the word "custodian" and that the it is not
well-founded.  The Motion very clearly asserted that the Green
Partnership was a custodian of the Springville Property within the
meaning of Section 1012(11)(C) as a receiver or agent under a
contract that took charge of property of the Debtor, the Debtor
argues.  The listing of amounts received contained in the Green
Partnership's objection to the Motion fails to account for what it
did with the received funds, such as detailing how much was applied
to the loan secured by the deed of trust against the property, how
much went to expenses, and what those expenses were, the Debtor
adds.

The Debtor is represented by:

          Gary E. Jubber,Esq.
          Douglas J. Payne, Esq.
          FABIAN & CLENDENIN, a Professional Corporation
          215 South State Street
          Suite 1200
          Salt Lake City, Utah 84111
          Tel: (801) 531-8900
          Fax: (801) 596-2814
          Email: gjubber@fabianlaw.com
                 dyane@fabianlaw.com

GW Green Family Limited Partnership and State Bank of Southern Utah
are represented by:

          Steven W. Call, Esq.
          Elaine A. Monson, Esq.
          RAY QUINNEY & NEBEKER P.C.
          36 South State Street, Suite 1400
          P.O. Box 45385
          Salt Lake City, UT 84145-0385
          Tel: (801) 532-1500
          Email: scall@rqn.com
                 emonson@rqn.com

Garth O. Green Enterprises, Inc., Michael Green and Wendy Green are
represented by:

          Marcus R. Mumford, Esq.
          MUMFORD PC
          405 South Main Street, Suite 975
          Salt lake City, UT 84111
          Tel: (801) 428-2000
          Email: mrm@mumfordpc.com

                   About Grass Valley

Based in Springville, Utah, Grass Valley Holdings, L.P., is a
holding company for real property located in Utah as well as an
interest in real property located in Idaho Falls, Idaho.

Grass Valley Holdings commenced a Chapter 11 bankruptcy case
(Bankr. D. Utah Case No. 15-24513) in Salt Lake City, Utah, on May
15, 2015.

The Debtor disclosed $21,478,874 in assets and $13,187,245 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge R. Kimball Mosier.  The Debtor is
represented by Gary E. Jubber, Esq., and Douglas J. Payne, Esq.,
at
Fabian and Clendinin, in Salt Lake City.


GRASS VALLEY: Needs Until Jan. 10 to File Plan
----------------------------------------------
Grass Valley Holdings, L.P., asks the United States Bankruptcy
Court for the District of Utah, Central Division, to extend its
exclusive period to file a plan through and including January 10,
2016, and its exclusive period to solicit acceptances of the plan
through and including March 10, 2016.

The Debtor explains that the extensions of the exclusive periods
are intended to afford the Debtor a full and fair opportunity to
rehabilitate its business and to negotiate and propose a
reorganization plan without the disruption and deterioration of its
business that might be caused by the filing of competing plans of
reorganization by nondebtor parties.  A termination of the Debtor's
Exclusive Periods at this time would encourage the possible
development of competing multiple plans that could lead to
unwarranted confrontations, litigation and increased administrative
costs, the Debtor asserts.

The hearing to consider the extension request is scheduled for Oct.
13, 2015.

The Debtor is represented by:

          Gary E. Jubber,Esq.
          Douglas J. Payne, Esq.
          FABIAN & CLENDENIN, A Professional Corporation
          215 South State Street, Suite 1200
          Salt Lake City, UT 84111
          Tel: (801) 531-8900
          Fax: (801) 596-2814
          Email: gjubber@fabianlaw.com
                 dyane@fabianlaw.com

                     About Grass Valley

Based in Springville, Utah, Grass Valley Holdings, L.P., is a
holding company for real property located in Utah as well as an
interest in real property located in Idaho Falls, Idaho.

Grass Valley Holdings commenced a Chapter 11 bankruptcy case
(Bankr. D. Utah Case No. 15-24513) in Salt Lake City, Utah, on May
15, 2015.

The Debtor disclosed $21,478,874 in assets and $13,187,245 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge R. Kimball Mosier.  The Debtor is
represented by Gary E. Jubber, Esq., and Douglas J. Payne, Esq.,
at
Fabian and Clendinin, in Salt Lake City.


GREENWICH CAPITAL 2005-GG5: Moody's Ups Cl. A-J Debt Rating to Ba1
------------------------------------------------------------------
Moody's Investors Service upgraded two classes, affirmed the
ratings on six classes and downgraded one class of Greenwich
Capital Commercial Funding Corp. Commercial Mortgage Trust,
Commercial Mortgage Pass-Through Certificates, Series 2005-GG5 as
follows:

Cl. A-M, Upgraded to Aaa (sf); previously on Mar 6, 2015 Affirmed
A2 (sf)

Cl. A-J, Upgraded to Ba1 (sf); previously on Mar 6, 2015 Affirmed
B1 (sf)

Cl. B, Affirmed Caa3 (sf); previously on Mar 6, 2015 Affirmed Caa3
(sf)

Cl. C, Affirmed C (sf); previously on Mar 6, 2015 Affirmed C (sf)

Cl. D, Affirmed C (sf); previously on Mar 6, 2015 Affirmed C (sf)

Cl. E, Affirmed C (sf); previously on Mar 6, 2015 Affirmed C (sf)

Cl. F, Affirmed C (sf); previously on Mar 6, 2015 Affirmed C (sf)

Cl. G, Affirmed C (sf); previously on Mar 6, 2015 Affirmed C (sf)

Cl. XC, Downgraded to Caa3 (sf); previously on Mar 6, 2015
Downgraded to B2 (sf)

RATINGS RATIONALE

The ratings on two P&I classes, Classes A-J and A-M, were upgraded
based on increased credit support resulting from loan paydowns and
amortization. The deal has paid down 68% since Moody's last review
and Moody's expects additional credit support increases resulting
from the payoff of loans approaching maturity that are well
positioned to refinance. Loans constituting 50% of the pool have
debt yields exceeding 9% that are scheduled to mature within the
next six months.

The ratings on six P&I classes, Classes B through G, were affirmed
because the ratings are consistent with Moody's expected loss.

The rating on the IO Class, Class XC, was downgraded due to a
decline in the credit performance of its reference classes
resulting from principal paydowns of higher quality reference
classes.

Moody's rating action reflects a base expected loss of 33.4% of the
current balance compared to 15.4% at last review. The increase in
base expected loss percentage is due to significant paydowns while
the numeric base expected loss figure declined since last review.
Moody's base plus realized loss now totals 12.1% compared to 12.9%
at last review. The deal has paid down 68% since last review and
82% since securitization.

Moody's provides a current list of base expected losses for conduit
and fusion CMBS transactions on moodys.com at:

http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF215255

FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING:

The performance expectations for a given variable indicate Moody's
forward-looking view of the likely range of performance over the
medium term. Performance that falls outside the given range can
indicate that the collateral's credit quality is stronger or weaker
than Moody's had previously expected.

Factors that could lead to an upgrade of the ratings include a
significant amount of loan pay downs or amortization, an increase
in the pool's share of defeasance or an improvement in pool
performance.

Factors that could lead to a downgrade of the ratings include a
decline in the performance of the pool, loan concentration, an
increase in realized and expected losses from specially serviced
and troubled loans or interest shortfalls.

The Credit Rating for Greenwich Capital Commercial Funding Corp.
Commercial Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2005-GG5 was assigned in accordance with
Moody's existing Credit Rating Methodology entitled "Moody's
Approach to Rating CMBS Large Loan/Single Borrower Transactions"
published in July 2000. Please note that on August 6, 2015, Moody's
released a Request for Comment, in which it has requested market
feedback on potential revisions to its Credit Rating Methodology
for the Large Loan and Singe Asset/Single Borrowers CMBS. If the
revised Credit Rating Methodology is implemented as proposed, the
Credit Rating on Greenwich Capital Commercial Funding Corp.
Commercial Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2005-GG5 may be positively affected. Please
refer to Moody's Request for Comment, titled "Proposed Enhancements
to Our Approach to Rating Large Loan and Single Asset/Single
Borrower CMBS" for further details regarding the implications of
the proposed Credit Rating Methodology revisions on certain Credit
Ratings.

DESCRIPTION OF MODELS USED

Moody's review used the excel-based CMBS Conduit Model, which it
uses for both conduit and fusion transactions. Credit enhancement
levels for conduit loans are driven by property type, Moody's
actual and stressed DSCR, and Moody's property quality grade (which
reflects the capitalization rate Moody's uses to estimate Moody's
value). Moody's fuses the conduit results with the results of its
analysis of investment grade structured credit assessed loans and
any conduit loan that represents 10% or greater of the current pool
balance.

Moody's uses a variation of Herf to measure the diversity of loan
sizes, where a higher number represents greater diversity. Loan
concentration has an important bearing on potential rating
volatility, including the risk of multiple notch downgrades under
adverse circumstances. The credit neutral Herf score is 40. The
pool has a Conduit Loan Herf of 7 compared to 19 at last review.

When the Herf falls below 20, Moody's uses the excel-based Large
Loan Model and then reconciles and weights the results from the
conduit and large loan models in formulating a rating
recommendation. The large loan model derives credit enhancement
levels based on an aggregation of adjusted loan-level proceeds
derived from Moody's loan-level LTV ratios. Major adjustments to
determining proceeds include leverage, loan structure, property
type and sponsorship. Moody's also further adjusts these aggregated
proceeds for any pooling benefits associated with loan level
diversity and other concentrations and correlations.

DEAL PERFORMANCE

As of the September 14, 2015 distribution date, the transaction's
aggregate certificate balance has decreased by 82% to $762.7
million from $4.3 billion at securitization. The certificates are
collateralized by 32 mortgage loans ranging in size from less than
1% to 26% of the pool, with the top ten loans constituting 83% of
the pool. There are no longer any loans with investment-grade
structured credit assessments or defeased loans.

Eighteen loans, constituting 56% of the pool, are on the master
servicer's watchlist. The watchlist includes loans that meet
certain portfolio review guidelines established as part of the CRE
Finance Council (CREFC) monthly reporting package. As part of
Moody's ongoing monitoring of a transaction, the agency reviews the
watchlist to assess which loans have material issues that could
affect performance.

Forty-three loans have been liquidated from the pool, resulting in
an aggregate realized loss of $251.9 million (for an average loss
severity of 38%). Thirteen loans, constituting 43% of the pool, are
currently in special servicing. The largest specially serviced loan
-- formerly known as the Schron Industrial Portfolio ($199.8
million -- 26.2% of the pool) -- is secured by a 2.9 million square
foot (SF) portfolio of 12 industrial real estate owned (REO)
properties. Originally a 6.2 million SF portfolio of 36 industrial
properties located across 15 US states, the servicer has sold 24
properties of the portfolio. Moody's analysis considers adverse
selection in its value estimate for the remaining assets in the
portfolio. The other 12 specially serviced loans are secured by a
mix of property types. Moody's estimates an aggregate $210.6
million loss for the specially serviced loans (64% expected loss on
average).

Moody's has assumed a high default probability for three poorly
performing loans, constituting 6% of the pool, and has estimated an
aggregate loss of $7.8 million (a 17% expected loss based on a 66%
probability default) from these troubled loans. Moody's received
full year 2014 operating results for 97% of the pool, and partial
year 2015 operating results for 81% of the pool. Moody's weighted
average conduit LTV is 108%, compared to 94% at Moody's last
review. Moody's conduit component excludes loans with structured
credit assessments, defeased and CTL loans, and specially serviced
and troubled loans. Moody's net cash flow (NCF) reflects a weighted
average haircut of 19% to the most recently available net operating
income (NOI). Moody's value reflects a weighted average
capitalization rate of 9.2%.

Moody's actual and stressed conduit DSCRs are 1.20 and 1.11X,
respectively, compared to 1.45X and 1.18X at last review. Moody's
actual DSCR is based on Moody's NCF and the loan's actual debt
service. Moody's stressed DSCR is based on Moody's NCF and a 9.25%
stress rate the agency applied to the loan balance.

The top three conduit loans represent 39% of the pool balance. The
largest conduit loan is the JQH Hotel Portfolio A ($176.2 million
-- 23.1% of the pool). The loan is secured by a portfolio of eight
full-service hotels. The portfolio benefits from location diversity
(hotels are located across eight states) and flag diversity (six
hotel flags). Portfolio performance has been stable and the loan
benefits from amortization. Moody's LTV and stressed DSCR are 114%
and, 1.05X, respectively, compared to 115% and 1.03X at last
review.

The second largest conduit loan is the JQH Hotel Portfolio B ($98.4
million -- 12.9% of the pool), which represents a 45.6% pari passu
interest in a $215.5 million mortgage loan. The loan is secured by
a portfolio of eight full-service hotels. The portfolio benefits
from location diversity (hotels are located across eight states)
and flag diversity (five hotel flags). Portfolio performance has
been stable and the loan benefits from amortization. Moody's LTV
and stressed DSCR are 118% and, 1.01X, respectively, compared to
119% and 1.0X at last review.

The third largest loan is the Centra Portfolio Loan ($24.0 million
-- 3.1% of the pool), which is secured by four Las Vegas, Nevada
office buildings totaling 199,903 square feet. The properties were
67% leased as of June 2015 compared to 77% as of year-end 2014.
Moody's LTV and stressed DSCR are 111% and 0.92X, respectively,
compared to 113% and 0.9X at last review.



GREYSTONE LOGISTICS: Reports Audited Results for Corporate Yearend
------------------------------------------------------------------
Greystone Logistics, Inc. reported sales of $22,293,922 for the
year ended May 31, 2015, compared to $23,449,936 for the prior
year.  For the year ended May 31, 2015, the company reported net
income of $609,569 compared to net income of $3,131,626 for the
prior year.  Net income available to common shareholders was
$57,565, $0.00 per share, and $2,606,063, $0.10 per share, for the
year ended May 31, 2015 and 2014, respectively.

Net income for the year ended May 31, 2014, included a tax benefit
of $1,040,000 due to an adjustment to reduce the valuation
allowance to fully recognize the benefits from net operating losses
as a deferred tax asset while net income for the year ended May 31,
2015, included a provision for taxes of $430,763.

"The entire operating entity at Greystone is tremendously
encouraged by the advances made this past corporate year," stated
Warren Kruger, CEO. Kruger continued, 'Our 1/2 barrel keg pallet
has proven a success and the newly developed 1/2 and 1/4 barrel
pallet is testing well and should generate revenue this corporate
year.  We have recently completed production of a warehouse pallet
for Sutter Home Family Vineyards for their automated operation. Our
new generation lighter-weight 100% recycled plastic 48x40 pallet
that hits weight requirements with OSHA has been given high marks
at many testing facilities in the U.S. and one significant customer
has begun buying copious amounts for tests within their
organization.  Nestable pallet sales continue to expand and we have
two new molds being fabricated at our mold maker for new lines we
are adding.  We have begun toll processing resin for a customer on
a long term basis which will throw off a burgeoning revenue stream.
One of our major clients took less product this corporate year than
projected which put a damper on top line sales and our bottom line.
We are continuing to broaden our base of products and customers to
eliminate this type of surprise in the future. Corporately, we paid
down $1.8 million in debt and have invested in plant, equipment,
and our operational efficiencies to prepare ourselves for future
continued success."

On July 23, 2015, the Iowa Recycling Association awarded the Murray
J Fox Innovation Award to Greystone Manufacturing, L.L.C., the
operating subsidiary of Greystone Logistics, Inc.  The president of
the Association stated, "the Murray J. Fox Recycling Innovation
Award is considered the most prestigious of our awards! Greystone
Manufacturing clearly can identify with the intent and spirit of
the Award."  Murray Fox is one of the founding fathers of the
National Recycling Coalition (NRC), an organization dedicated to
promoting recycling and is currently a Life Member and an Honorary
Board Member.

                       About Greystone Logistics

Tulsa, Okla.-based Greystone Logistics, Inc. (OTC BB: GLGI.OB -
News) -- http://www.greystonelogistics.com/-- manufactures and
sells plastic pallets through its wholly owned subsidiary,
Greystone Manufacturing, LLC.  Greystone sells its pallets through
direct sales and a network of independent contractor distributors.
Greystone also sells its pallets and pallet leasing services to
certain large customers direct through its President, Senior Vice
President of Sales and Marketing and other employees.

As of May 31, 2015, the Company had $14.4 million in total assets,
$15.5 million in total liabilities and a total deficit of $1.1
million.



HAGGEN HOLDINGS: Plans to Exit Pacific Southwest Market in 60 Days
------------------------------------------------------------------
Haggen Holdings, LLC, will exit the Pacific Southwest market and
realign its operations around 37 core stores and one stand-alone
pharmacy in the Pacific Northwest as part of the Chapter 11
process.

As part of its previously announced plan to right-size the Company,
Sagent Advisors, LLC, has been working to explore market interest
for its store locations in California, Arizona, Oregon, Washington
and Nevada.

The Company is asking the Bankruptcy Court for approval to conduct
store closing sales.  All employees of the non-core stores and the
Pacific Southwest support office will receive a 60-day notice of
the pending store and office closures.  During this process, all
stores will remain open.  Employees will continue to receive their
pay and benefits through the normal course of business as
previously approved by the court.

The Company says it is supportive of employees securing work
elsewhere and is continuing to work with Albertson's in its request
for the Federal Trade Commission to waive the restriction in the
FTC order which restricts the hiring of the Company's employees.
Because this is a modification of an order entered by the FTC, the
waiver will require Commission approval, which the FTC staff is
seeking to obtain on an expedited basis.  This has been a priority
for the Company's management to ensure its employees can take
advantage of every opportunity available to them.

A list of the stores affected is available at:

                          http://is.gd/EfbOiJ

The Company intends to re-build its operations around a core group
of successful stores made up of 37 stores in the Pacific Northwest.
The core stores include 16 of the Company's historical stores, one
stand alone pharmacy and 21 stores acquired in the 2015 Albertson's
transaction.  The Company's historical stores have seen strong
sales growth over the past year.  The 21 newly-acquired stores have
proven successful under the Company banner and the Company
anticipates they will continue to see increased customer counts and
sales growth as the Company continues its original mission of
adding more fresh, local, and exclusive items to these new stores
and expanding on its successful Pacific Northwest strategy.

"Haggen plans to continue to build its brand in partnership with
its dedicated corporate support and store teams.  Haggen has a long
record of success in the Pacific Northwest and these identified
stores will have the best prospect for ongoing excellence," said
John Clougher, Chief Executive Officer of Haggen Pacific Northwest.
"Although this has been a difficult process and experience, we
will remain concentrated in the Pacific Northwest where we began,
focusing on fresh Northwest products and continuing our support and
involvement in the communities we serve."

                            About Haggen

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del., Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015.  The petitions were signed by Blake
Barnett as chief financial officer.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

The Debtors have estimated assets of $50 million to $100 million
and estimated liabilities of $10 million to $50 million.


HDGM ADVISORY: Needs Until Dec. 27 to Solicit Plan Acceptances
--------------------------------------------------------------
HDGM Advisory Services, LLC, et al., ask the United States
Bankruptcy Court for the Southern District of Indiana, Indianapolis
Division, to extend their exclusive period to solicit acceptances
to their Joint Chapter 11 Plan of Reorganization through and
including December 27, 2015.

The Debtors believe that the fourth requested extension is
consistent with sound case management, and will allow Debtors'
management and other parties in interest, namely the Examiner and
other creditor constituencies, adequate time to investigate claims
against Harold Garrison and others and to obtain recoveries
therefrom.  The Debtors seek a 90-day extension of exclusivity to
finalize multiple party negotiations, document deals, if any, and
to prosecute a Plan or global settlement arrangement and dismissal
here.

The Debtors are represented by:

          Michael W. Hile, Esq.
          Christine K. Jacobson, Esq.
          Henry Mestetsky, Esq.
          KATZ & KORIN, PC
          334 North Senate Avenue
          Indianapolis, Indiana 46204-1708
          Tel: (317) 464-1100
          Fax: (317) 464-1111
          Email: mhile@katzkorin.com
                 cjacobson@katzkorin.com
                 hmestetsky@katzkorin.com

                       About HDGM Advisory Services

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

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

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

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

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

On Nov. 10, 2014, Debtors filed their First Amended Joint Plan of
Reorganization and their Disclosure Statement.  In the Amended
Plan, the Debtors proposed that their estates be liquidated by a
Liquidating Trust that would liquidate assets and claims and
distribute recoveries in accord with the practices of the
Bankruptcy Code.


HEI INC: Court Confirms Plan of Liquidation
-------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court confirmed
HEI Inc.'s Chapter 11 Plan of Liquidation.  

According to documents filed with the Court, "The Plan creates a
Liquidating Fund and assigns a Liquidating Agent to undertake the
continuing post-confirmation sale of all of the Debtor's remaining
assets (including the Victoria Property), the resolution of claims,
the pursuit of any Avoidance Claims and Causes of Action, the
distribution of proceeds to the holders of Allowed claims, and such
other actions as are necessary to wind down the Debtor's business.
Allowed claims will be paid from cash on hand the proceeds of
sales, and any net recoveries from Avoidance Claims and other
Causes of Action.  

The Debtor has said its Plan facilitates the most efficient and
timely liquidation of remaining assets well as the fastest
distribution of proceeds to creditors.  The Debtor believes that
the Liquidating Agent has the familiarity with the Debtor's assets
and the liquidation expertise needed to realize the maximum value
for the remaining assets in a reasonable period of time.
Furthermore, the Plan provides a mechanism for interim
distributions to holders of Allowed claims that will allow them to
receive distributions as soon as practicable.

                          About HEI Inc.

HEI, Inc., an electronic manufacturing service provider, filed a
Chapter 11 bankruptcy petition (Bankr. D. Minn. Case No. 15-40009)
in Minneapolis, Minnesota, on Jan. 4, 2015, listing $15 million in
assets.  It is represented by James L. Baillie, Esq., James C.
Brand, Esq. and Sarah M. Olson, Esq. at Fredrikson & Byron, P.A. in
Minneapolis, MN; Alliance Management as business and financial
consultant; and Winthrop & Weinstine, P.A., as special counsel.
The case is assigned to Judge Kathleen H. Sanberg.

On Jan. 9, 2015, the Office of the United States Trustee appointed
an Official Committee of Unsecured Creditors comprised of: (a)
Teamvantage Molding LLC; (b) Watson-Marlow, Inc.; and (c) the
Vergent Products.  The United States Trustee has designated Cathy
Longtin of Teamvantage Molding LLC as acting chairperson, and the
Committee selected Ms. Longtin as permanent chairperson.


HERCULES OFFSHORE: Alvarez & Marsal Approved as Financial Advisor
-----------------------------------------------------------------
The Hon. Kevin L. Carey of the U.S. Bankruptcy Court for the
District of Delaware authorized Hercules Offshore, Inc., et al., to
employ Alvarez & Marsal North America, LLC, together with employees
of its affiliates, its wholly owned subsidiaries, and independent
contractors, to serve as financial advisors to the Debtors, nunc
pro tunc to the Petition Date.

A&M is expected to, among other things:

   (i) assist with all post-filing reports and disclosures and
other work pertaining to the Company's exit from Chapter 11;

  (ii) assist in preparation of reports and liaison with creditors,
as requested; and

(iii) report to the board of directors  as desired or directed by
the responsible officer(s).

A&M hourly billing rates are:

   Financial Advisory:

         Managing Directors            $750 - $950
         Directors                     $550 - $750
         Analysts/Associates           $350 - $550
         
   Claims Management Services:

         Managing Directors            $700 - $750
         Directors                     $500 - $650
         Analysts/Consultants          $325 - $500

A&M received $150,000 as a retainer in connection with preparing
for and conducting the filing of the cases.  In the 90 days prior
to the Petition Date, A&M received retainers and payments totaling
$457,298 in for services performed for the Debtors.  A&M said that
the unapplied residual retainer, which is estimated to total
approximately $80,000, will not be segregated by A&M in a separate
account, and will be held until the end of these Chapter 11 cases
and applied to A&M's finally approved fees in the proceedings.

To the best of the Debtors' knowledge, A&M is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup  

rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to
meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.

                           *     *     *

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes to
96.9% of new common equity.


HERCULES OFFSHORE: Lazard Freres Approved as Investment Banker
--------------------------------------------------------------
The Hon. Kevin L. Carey of the U.S. Bankruptcy Court for the
District of Delaware authorized Hercules Offshore, Inc., et al., to
employ Lazard Freres & Co. LLC as investment banker nunc pro tunc
to the Petition Date.

Lazard is expected to, among other things:

   (a) review and analyze the Debtors' business, operations and
financial projections;

   (b) evaluate the Debtors' potential debt capacity in light of
its projected cash flows; and

   (c) assist in the determination of a capital structure for the
Debtors.

The fee structure of Lazard includes:

   (a) a monthly fee of $150,000;

   (b) an in-court restructuring fee equal to $7,000,000 upon
consummation of any restructuring consummated after the
commencement of the cases; and

   (c) a fee of 0.5% of the face value of such financing raised
upon consummation of the financing;

The Debtors intend that Lazard's services will complement, and not
duplicate, the services to be rendered by any other professional
retained by the Debtors in the cases.

Prior to the Petition Date, the Debtors paid Lazard $750,000 in
fees and $11,705 in expenses for prepetition services rendered and
expenses incurred, in accordance with the Engagement Letter. Lazard
has no claims against any Debtor on account of any fees or expenses
that accrued prior to the Petition Date and, therefore, is not a
creditor of the Debtors.

To the best of the Debtors' knowledge Lazard is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup  

rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to
meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the
U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.

                           *     *     *

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes to
96.9% of new common equity.


HERCULES OFFSHORE: Prime Clerk Approved as Administrative Advisor
-----------------------------------------------------------------
The Hon. Kevin L. Carey of the U.S. Bankruptcy Court for the
District of Delaware authorized Hercules Offshore, Inc., et al., to
employ Prime Clerk LLC as administrative advisor nunc pro tunc to
the Petition Date.

The Debtors was also authorized to appoint Prime Clerk as claims
and noticing agent.

Prime Clerk is expected to, among other things:

   (1) assist with, among other things, solicitation, balloting and
tabulation of votes, and prepare any related reports, as required
in support of confirmation of a chapter 11 plan, and in connection
with such services, process requests for documents from parties in
interest, including, if applicable, brokerage firms, bank
back-offices and institutional holders;

   (2) assist with the preparation of the Debtors' schedules of
assets and liabilities and statements of financial affairs and
gather data in conjunction therewith to the extent required; and

   (3) prepare an official ballot certification and, if necessary,
testify in support of the ballot tabulation results.

To the best of the Debtors' knowledge, Prime Clerk is a
"disinterested person"  as that term is defined in Section 101(14)
of the Bankruptcy Code.

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup  

rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to
meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.

                           *     *     *

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes to
96.9% of new common equity.


HERCULES OFFSHORE: Wins Confirmation of $1.2BB Debt-for-Equity Plan
-------------------------------------------------------------------
Peter Hall at Bankruptcy Law360 reported that Hercules Offshore
Inc. won a Delaware bankruptcy judge's confirmation on Sept. 24,
2015, of a prearranged Chapter 11 plan to exchange $1.2 billion in
senior noteholder debt for equity in the reorganized company.

U.S. Bankruptcy Judge Kevin J. Carey's confirmation of the plan
comes less than 45 days after Hercules filed for court protection,
joining numerous energy industry companies that have entered
bankruptcy in the wake of a sharp decline in oil prices.

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup  

rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.

                           *     *     *

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes to
96.9% of new common equity.


HII TECHNOLOGIES: Files for Chapter 11 to Auction Off Assets
------------------------------------------------------------
Publicly-traded oilfield services company HII Technologies, Inc.,
and four of its affiliates sought Chapter 11 bankruptcy protection
in Texas to sell their hard assets and technology-related
distribution agreements.  According to papers filed with the Court,
the Debtors have ceased revenue generating operations.

The Debtors intend to hire an auctioneer for their assets and plan
an auction process that will maximize the value of the assets.  The
sale process is planned to take about 45-60 days, with an auction
expected to be held within the last week of October or first week
of November.

Court papers show that HII Technologies had been in discussion with
a number of parties that are interested in utilizing the Company's
public shell for their ongoing businesses.  The Company is
currently evaluating letters of intent with various parties.

According to the minutes of meeting of the Board of Directors held
on Sept. 14, 2015, the Company plans to form of a liquidating trust
which would pursue all causes of action on behalf of the
debtors-in-possession.  Current potential causes of actions
expected to be pursued by the liquidating trust include
avoidance/preference actions, suit against Hamilton Investment
Group related to the Company's acquisition of Hamilton in August
2014, as well as actions related to certain improper business
opportunities of the Company and its subsidiaries.

HII Technologies entered into a lending agreement with Heartland
Bank and Mclarty Capital Partners, with Heartland acting as agent
on Aug. 12, 2014, establishing a $6 million accounts receivable
purchased agreement lien of credit and a $12 million term loan.
The new term loan was sought to pay for the $9 million cash payment
due at closing for the Hamilton Investment Group acquisition,
expenses and for working capital.  As of the Petition Date, the
Debtors owed $10,292,897 under the Prepetition Credit Agreement and
$890,680 under the Prepetition A/R Agreement.  The Debtors were in
default of their loan agreements by February 2015.

The Company engaged Roth Capital, broker dealer, to assist in
raising new capital via a private placement in an effort to help
resolve the Company's default issues related to EBITDA results and
other covenants.  Despite the preferred equity raise of $3.05
million, the Debtors were quickly back in default.

During 2015, the oilfield services market continued to decline in
activity and pricing.  Consecutive losses at HII Technologies
developed monthly in 2015.  The Company shut down non-profitable
divisions and areas with an objective to move its idle equipment to
remaining active areas including the Permian basin in West Texas.


MCP and Heartland have agreed to provide $500,000 in new money
funding and refinance approximately $11.2 million in prepetition
debt to effectuate an orderly wind-down of the business and to
executive an open sale process.  

The Debtors relate they may propose a plan of reorganization if
feasible.  However, a Plan is not guaranteed as the DIP Lenders are
only agreeing to fund a loan for a sale of their assets.

Concurrently with the filing of the petitions, the Debtors are also
seeking Court permission to, among other things, reject leases,
continue maintaining bank accounts, and obtain post-petition
financing.

A copy of the declaration in support of the First Day Motions is
available for free at:

         http://bankrupt.com/misc/10_HII_Declaration.pdf

                      About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.
Judge David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.



HII TECHNOLOGIES: Has $12M DIP Agreement with MCP & Heartland
-------------------------------------------------------------
HII Technologies, Inc., et al., seek permission from the Bankruptcy
Court to enter into a secured super-priority term loan facility
with McLarty Capital Partners SBIC, L.P., and Heartland Bank, as
lenders, comprising of:

   (a) up to $500,000 in respect of new money funding; and

   (b) a dollar-for-dollar roll-up of $11.5 million in respect of
       outstanding loans and obligations under the Prepetition
       Credit Agreement and Prepetition A/R Agreement.

The DIP Agent and the DIP Lenders will be granted super-priority
administrative expense claims in respect of the DIP Loans.

"Without access to the DIP Facility, the Debtors would be forced to
cease operating, which would result in immediate and irreparable
harm to their businesses and assets by depleting going concern
value," asserts Hugh M. Ray, III, Esq., at McKool Smith, P.C.,
counsel to the Debtors.  "Because the Debtors' available and
projected liquidity is insufficient to fund a plan, the credit
provided under the DIP Facility is necessary to preserve the value
of the Debtors' estates for the benefit of all stakeholders," he
adds.

Interest on the DIP Loans will be payable monthly in arrears in
cash.  The outstanding principal amount of all DIP Loans will bear
interest rate equal to the existing rate under the Prepetition
Credit Agreement, which is 13.75%.

Default Rate is 2.00% additional per annum interest payable on
demand in cash.

The Debtors also seek permission to use cash collateral of the
Lenders.  The Debtors said they will use cash to, among other
things, procure goods and services from vendors, pay their
employee/officer, pay for insurance, and satisfy other needs during
the cases.

"Without the ability to use Cash Collateral for such purposes, the
Debtors will not be able to participate in the plan and sale
process, and will suffer immediate and irreparable harm to the
detriment of all creditors and other parties in interest," says Mr.
Ray.

As of the Petition Date, the Debtors were indebted to the
Prepetition Lenders and Prepetition Agents in the approximate
amount of$10,292,897 under the Prepetition Credit Agreement and
$890,680 under the Prepetition A/R Agreement.

                      About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.
Judge David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.



HII TECHNOLOGIES: Seeks Joint Administration of Bankruptcy Cases
----------------------------------------------------------------
HII Technologies, Inc., et al., have asked the Bankruptcy Court to
jointly administer their cases under 15-60070.  

"Joint administration of these cases will save considerable time
and expense for the Debtors, their estates, the United States
Trustee, and this Court," says Hugh M. Ray, III, Esq., at
McKool Smith, P.C., counsel to the Debtors.  "The Debtors share
employees and premises from which they conduct their business
operations, have common operating methods, and share financing
obligations," he maintains.

The Debtors aver that creditors will not be adversely affected by
joint administration as they are not seeking substantive
consolidation.  Each creditor will be required to file a claim
against a particular Debtor's estate, separate claims registers
will be maintained, and each estate's assets will be subject to
only the claims of creditors of that estate.

                      About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.
Judge David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.



HYDROCARB ENERGY: Kent Watts Reports 23.5% Equity Stake
-------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Kent P. Watts disclosed that as of June 10, 2015, he
beneficially owns 6,322,509 shares of Hydrocarb Energy
Corporation's outstanding common stock, consisting of 4,316,953
shares of common stock and 1,488,889 shares of common stock
issuable upon conversion of $3.52 million of Convertible Promissory
Notes held by Mr. Watts (not including any accrued and unpaid
interest on such notes, which notes are convertible into common
stock at the rate of $4 per share ($3.0 million) and $0.75 per
share ($0.52 million)).  The amount of shares Mr. Watts owns
represents 23.5 percent of the shares outstanding.  A copy of the
regulatory filing is available for free at http://is.gd/TJBPPJ

                      About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Hydrocarb Energy reported a net loss of $6.55 million on $5.06
million of revenues for the year ended July 31, 2014, compared to
a net loss of $37.5 million on $7.07 million of revenues for the
year ended July 31, 2013.

As of April 30, 2015, the Company had $27.6 million in total
assets, $24.2 million in total liabilities and $3.4 million in
total equity.

"A decline in the price of our common stock could result in a
reduction in the liquidity of our common stock and a reduction in
our ability to raise additional capital for our operations.
Because our operations to date have been largely financed through
the sale of equity securities, a decline in the price of our
common stock could have an adverse effect upon our liquidity and
our continued operations.  A reduction in our ability to raise
equity capital in the future could have a material adverse effect
upon our business plan and operations, including our ability to
continue our current operations," the Company stated in its
annual report for the year ended July 31, 2014.



IDERA INC: Moody's Assigned B3 Corporate Family Rating
------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating
("CFR") and B3-PD Probability of Default Rating ("PDR") to Idera,
Inc. ("Idera") while placing a B2 rating on the company's proposed
first lien credit facilities and a Caa2 rating on the proposed
second lien term loan. The rating action follows the announcement
of the company's pending acquisition of Embarcadero Technologies,
Inc. ("Embarcadero"). Proceeds of the debt financing will be used
to partially fund the purchase transaction as well as refinance
Idera's existing borrowings. The ratings outlook is stable.

RATINGS RATIONALE

The B3 CFR reflects the credit risks associated with Idera's
relatively small revenue base and narrow market focus, high
debt/EBITDA leverage (Moody's adjusted) and integration challenges
associated with the Embarcadero acquisition which will more than
double the company's size. Moody's expects debt leverage to
approximate 6.0x by the end of FY16 (ending March) and decline by
roughly 0.2x in the following year driven by modest debt
amortization and projected EBITDA expansion. The rating also
factors in a somewhat limited equity cushion and the potential for
the company to pursue acquisitions and shareholder distributions
over the intermediate term which could constrain deleveraging
efforts. However, the risks associated with Idera's credit profile
are partially offset by the combined company's largely recurring
revenue base and a wide-ranging product suite that helps database
and system administrators and other application users improve the
overall availability and performance of their information
technology (IT) systems. Idera's top-line predictability is also
bolstered by high client retention rates among a global, highly
diversified customer footprint and the company's strong overall
competitive position within its targeted market for third party
database diagnostic tools and complementary application monitoring
and development products. Furthermore, Idera's management team's
demonstrated track record of realizing cost efficiencies, coupled
with modest capital expenditure requirements, should allow the
company to generate positive free cash flow (FCF) in FY16 with
FCF/debt rising to over 5% by FY17.

Idera's FCF generation prospects, coupled with cash on the
company's balance sheet and an undrawn $25 million revolver,
support Idera's good liquidity position. The revolving credit
facility will have a springing covenant, which is not expected to
be in effect over the next 12-18 months, as excess availability
should remain above minimum levels.

The stable ratings outlook reflects Moody's projection for
mid-single digit pro forma annual revenue growth, on an average
basis, for the combined company through FY17 as Idera benefits from
maintenance renewals and pricing as well as more modest growth in
license revenues from its existing business and Embarcadero's
product suite. The company is also well positioned to capitalize on
a number of identifiable cost reduction initiatives, although
initial costs associated with the implementation of these synergies
could limit margin improvement over the near term.

What Could Change the Rating - Up

The ratings could be upgraded if Idera smoothly integrates
Embarcadero and effectively expands revenues and EBITDA such that
adjusted leverage and FCF/debt are expected to be sustained under
6x and at about 5%, respectively.

What Could Change the Rating - Down

The ratings could be lowered if revenue contracts materially from
current levels and the company begins to generate free cash flow
deficits leading to expectations for diminished liquidity.

Assignments:

Issuer: Idera, Inc.

-- Corporate Family Rating- B3

-- Probability of Default Rating- B3-PD

-- Senior Secured Revolving Credit Facility due 2020-- B2 (LGD3)

-- Secured First Lien Term Loan due 2022 -- B2 (LGD3)

-- Senior Secured Second Lien Term Loan due 2023 -- Caa2 (LGD5)

Outlook:

Stable

The principal methodology used in these ratings was Global Software
Industry published in October 2012. Please see the Credit Policy
page on www.moodys.com for a copy of this methodology.

Idera, owned by TA Associates, is a leading provider of third party
database management and monitoring tools. The company's pending
acquisition of Embarcadero will create a pure-play database-centric
software provider with complementary performance monitoring and
application development tools.



IDERA INC: S&P Assigns 'B' CCR & Rates $325MM Facility 'B'
----------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' corporate
credit rating to Houston-based Idera Inc.  The outlook is
negative.

"At the same time, we assigned our 'B' issue-level rating and '3'
recovery rating to the company's $325 million first-lien credit
facility, consisting of a $25 million revolving credit facility due
2020 and a $300 million first-lien term loan due 2022.  The '3'
recovery indicates our expectation of meaningful (50%-70%, lower
half of the range) recovery for the first-lien debt holders in the
event of default.  We also assigned a 'CCC+' issue-level rating and
'6' recovery rating to the company's $100 million second-lien term
loan due 2023.  The '6' recovery indicates our expectation of
negligible (0%-10%) recovery for the second-lien debt holders," S&P
said.

"The rating on Idera reflects our view of the company's niche
position in the highly fragmented database development and
management software market, and transition risk associated with its
acquisition of Embarcadero, partly offset by its high recurring
revenue and above-average profitability," said Standard & Poor's
credit analyst Geoffrey Wilson.

The negative outlook reflects the company's pre-synergy pro forma
leverage near the mid-7x area, potential transition risk as it
integrates the larger Embarcadero, and S&P's view that leverage
could stay at this level if cost synergies or EBITDA growth
associated with the acquisition do not materialize.



INTERNATIONAL SUPPLY: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: International Supply Co.
        P.O. Box 17
        Edelstein, IL 61526

Case No.: 15-81467

Type of Business: Debtor's primary line of business is integration
                  services and machinery for power generation
                  systems throughout the country.

Chapter 11 Petition Date: September 24, 2015

Court: United States Bankruptcy Court
       Central District of Illinois (Peoria)

Judge: Hon. Thomas L. Perkins

Debtor's Counsel: Sumner Bourne, Esq.
                  411 Hamilton Blvd #1600
                  Peoria, IL 61602
                  Tel: (309) 673-5535
                  Email: sbnotice@mtco.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by E. Lee Hofmann, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Altorfer, Inc.                                          $119,282

Born Paint Co.                                           $75,049

Fastenal Company                                         $74,185

Fire Safety Inc.                                        $214,356

Grainger Inc.                                            $56,957

Graybar Electric Co.                                    $302,197
2424 N. Main
East Peoria, IL 61611

GT Exhaust Systems Inc.                                  $62,462

Hagerty Steel and Aluminum                              $137,216

Heavy Metal Industries                                  $304,113
6718 W. Plank Road
Peoria, IL 61604

Holt Power Systems                                       $53,530

Home Comfort Insulation                                  $63,028

Illinois Oil Marketing Equipment                         $67,095

Landstar Ranger                                         $109,108

Millstone Company                                       $500,000
P.O. Box 16070
Saint Louis, MO 63105

NHH Services LLC                                        $151,721

O'Brien Steel Service                                   $153,580

Ohio CAT                                                $147,730

Select Remedy                                            $94,188

Wesco Distributing                                       $71,642

Wyoming Machinery Company                               $115,519


IRON MOUNTAIN: Moody's Affirms Ba3 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service affirmed Iron Mountain Incorporated's
(Iron Mountain) Ba3 Corporate Family Rating (CFR), Ba3-PD
probability of default rating and the B2 rating on Iron Mountain's
senior subordinated debt. Moody's downgraded the ratings for Iron
Mountain's senior secured credit facilities and senior unsecured
debt to Ba3, from Ba2. Moody's assigned a Ba3 rating to Iron
Mountain's new $800 million of senior unsecured notes. Moody's also
affirmed Iron Mountain's SGL-3 speculative grade liquidity rating.
The ratings have a stable outlook. The company plans to use net
proceeds from the new notes and incremental borrowings under its
revolving credit facility to redeem a total of $791 million
principal amount of senior subordinated notes and pay the call
premium.

RATINGS RATIONALE

The proposed transaction is leverage-neutral but the refinancing of
senior subordinated debt with more senior-ranked debt will increase
expected loss rates for the senior-ranked debt. Moody's also
believes that the proportion of senior unsecured debt in the
capital structure will continue to increase as the company has
significant funding requirements, including the financing of the
cash portion of Recall Holdings' purchase price. Consistent with
its Loss Given Default methodology, Moody's downgraded the ratings
for Iron Mountain's senior secured and senior unsecured debt by one
notch to reflect their higher expected loss rates. Moody's treats
the company's senior secured credit facilities as effectively pari
passu with the senior unsecured notes as the credit facilities are
secured by a pledge of stock only.

Iron Mountain's anticipated equity issuances have been delayed and
increasing debt levels have resulted in higher-than-expected
leverage. Iron Mountain's CFR is weakly positioned in the Ba3
rating category because of the company's elevated leverage,
execution risk in integrating the Recall acquisition and its
significant capital requirements over the next 3 to 4 years. Iron
Mountain's lease-adjusted net debt to EBITDA ratio increased to
5.7x at the end of 2Q 2015. However, the affirmation of the Ba3 CFR
reflects Moody's view that with or without the pending acquisition
of Recall Holdings, management remains committed to reducing
leverage toward its intermediate term target of 4x to 5x. Although
leverage will remain near the mid to high 5x range over the next 12
to 18 months, Moody's expects leverage to decline to below 5x by
2018 from EBITDA growth and equity issuances. If the proposed
acquisition of Recall is approved, it will delay anticipated
deleveraging but result in a significantly stronger financial
profile after the large majority of the synergies are fully
realized by 2018.

The Ba3 CFR is supported by Iron Mountain's leading market position
in the North America storage and information management market and
its recurring storage rental revenues. Iron Mountain has a large
and diversified customer base and its strong brand and market share
in North America create pricing power that support its strong
EBITDA margins (38%, Moody's adjusted for the LTM 2Q 2015 period).
At the same time, the company faces mature demand for its services
in North America and Western Europe. Moody's also expects the
company's free cash flow to remain negative over the next 3 to 4
years due to its elevated capital requirements to support growth
and sizeable dividends.

The stable outlook reflects Moody's expectation for low single
digit organic revenue growth, stable EBITDA margins and leverage to
begin declining over the next 12 months.

Moody's could downgrade Iron Mountain's ratings if deterioration in
earnings or changes in financial policy lead Moody's to believe
that total debt to EBITDA (Moody's adjusted) is unlikely to be
reduced and sustained below 5x. The rating could also be lowered if
Iron Mountain's liquidity weakens materially.

Although not expected in the near term, Moody's could upgrade Iron
Mountain's ratings if the company maintains stable organic revenue
growth and EBITDA margins, and it could sustain total debt to
EBITDA (Moody's adjusted) below 4.5 times (Moody's adjusted) and
retained cash flow to net debt above 10%.

Moody's has taken the following actions:

Issuer: Iron Mountain Incorporated

Corporate Family Rating, Affirmed, Ba3

Probability of Default Rating, Affirmed, Ba3-PD

Speculative Grade Liquidity Rating, Affirmed, SGL-3

Outlook -- Stable

$600 million 6% Senior Unsecured Regular Bond/Debenture due Aug 15,
2023 -- Downgraded to Ba3 (LGD3) from Ba2 (LGD2)

. NEW $800 million Sr. Unsecured Notes due 2020 -- Assigned, Ba3
(LGD3)

Senior Unsecured Shelf -- Downgraded to (P)Ba3 from (P)Ba2

$1,000 million 5.75% Senior Subordinated Regular Bond/Debenture due
Aug 15, 2024 --Affirmed, B2 (LGD6 from LGD5)

Issuer: Iron Mountain Information Management, LLC

Outlook -- Stable

$1,500 million Revolving Credit Facility due July 3, 2019 --
Downgraded to Ba3 (LGD3) from Ba2 (LGD2)

$250 million Senior Secured Term Loan A due July 3, 2019 --
Downgraded Ba3 (LGD3) from Ba2 (LGD2)

Issuer: Iron Mountain Canada Operations ULC

Outlook -- Stable

Multiple Seniority Shelf Aug 7, 2016 -- Downgraded to (P)Ba3 from
(P)Ba2

.C$200 million 6.125% Senior Unsecured Regular Bond/Debenture due
Aug 15, 2021 -- Downgraded to Ba3 (LGD3) from Ba2 (LGD2)

Issuer -- Iron Mountain Europe PLC

Outlook -- Stable

GBP400 million Senior Unsecured notes due Sept 15, 2022 --
Downgraded to Ba3 (LGD3) from Ba2 (LGD2)

The following ratings are unchanged and will be withdrawn upon
redemption:

Issuer: Iron Mountain Incorporated

EUR 225 million 6.75% Senior Subordinated Regular Bond/Debenture
due Oct 15, 2018 --B2 (LGD5)

$400 million 7.75% Senior Subordinated Regular Bond/Debenture due
Oct 1, 2019 -- B2 (LGD5)

$106 million (outstanding) 8.375% Senior Subordinated Regular
Bond/Debenture due Aug 15, 2021 -- B2 (LGD5)

Iron Mountain is an international provider of information storage
and related services with annual revenues of approximately $3.1
billion.



IRON MOUNTAIN: S&P Affirms 'B+' CCR; Outlook Positive
-----------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'B+'
corporate credit rating on Boston-based Iron Mountain Inc.  The
rating outlook is positive.

At the same time, S&P assigned its 'B+' issue-level rating and '3'
recovery rating to the company's proposed $800 million senior
unsecured notes due 2020.  The '3' recovery rating indicates S&P's
expectation for meaningful recovery (50%-70%; upper half of the
range) of principal in the event of default.

At the same time, S&P revised its recovery rating on the company's
existing senior secured credit facility, which consists of a
$1.5 billion revolver and $250 million term loan A, to '2' from
'1'.  S&P subsequently lowered its issue-level rating on the
facility to 'BB-' from 'BB'.  The '2' recovery rating indicates
S&P's expectation for substantial recovery (70%-90%; lower half of
the range) of principal in the event of default.

Additionally, S&P revised its recovery rating on the company's
C$200 million 6.125% senior unsecured notes to '2' from '3' and
subsequently raised the issue-level rating to 'BB-' from 'B+'.  The
'2' recovery rating indicates S&P's expectation for substantial
recovery (70%-90%; lower half of the range) of principal in the
event of default.

Iron Mountain plans to use the proceeds of the proposed senior note
issuance to repay approximately $800 million of existing senior
subordinated notes.  "The downgrade of the credit facility reflects
the increased amount of senior debt that, under certain conditions,
will rank equally with senior secured credit facility obligations;
and our estimate of lower recovery prospects," said Standard &
Poor's credit analyst Jawad Hussain.  "The upgrade of the C$200
million 6.125% senior unsecured notes reflects the additional
credit support from Iron Mountain Canada, which other noteholders
do not receive."

The positive rating outlook on Iron Mountain reflects S&P's view
that the company's pending acquisition of Recall could lead to an
improvement in S&P's assessment of its business risk profile due to
the increased size, scale, and geographic diversification of the
combined company, as well as the potential for the acquisition to
reduce leverage to the low-5x area.

S&P could raise the rating if the combined company's increased
scale and geographic diversification lead to improved operating
efficiency as a result of significant synergies and increased
exposure to faster growing international markets.  S&P also expects
the acquisition to result in leverage decreasing to the low-5x area
due to the large equity component that is financing the
transaction.

S&P could revise the outlook to stable if the merger does not occur
due to regulatory concerns or if the company is forced to make
large divestitures that reduces the potential synergy benefits and
increased international exposure.  S&P could also revise the
outlook to stable if the transaction's cash component financing
increases significantly, keeping pro forma leverage in the mid-5x
area.



KU6 MEDIA: Annual Meeting Set for October 29
--------------------------------------------
An annual general meeting of shareholders of Ku6 Media Co., Ltd.
will be held on Oct. 29, 2015, at 10:00 a.m., Hong Kong time, at
Boardroom I, Business Centre, 3/F, Harbour Grand Kowloon, 20 Tak
Fung Street, Hunghom, Kowloon, Hong Kong, and for any adjournment
thereof, for the following purposes:

  1. To elect Feng Gao to hold office as a director of the Company
     until the next annual general meeting of shareholders or
     until his successor is duly elected and qualified, or until
     his earlier removal, or earlier vacation of office.

  2. To elect Qingmin Dai to hold office as a director of the
     Company until the next annual general meeting of shareholders
     or until his successor is duly elected and qualified, or
     until his earlier removal, or earlier vacation of office.

  3. To elect Yong Gui to hold office as a director of the Company
     until the next annual general meeting of shareholders or
     until his successor is duly elected and qualified, or until
     his earlier removal, or earlier vacation of office.

   4. To elect Jun Deng to hold office as a director of the
      Company until the next annual general meeting of
      shareholders or until her successor is duly elected and
      qualified, or until her earlier removal, or earlier vacation

      of office.

   5. To elect Robert Chiu to hold office as a director of the
      Company until the next annual general meeting of
      shareholders or until his successor is duly elected and
      qualified, or until his earlier removal, or earlier vacation

      of office.

   6. To elect Mingfeng Chen to hold office as a director of the
      Company until the next annual general meeting of
      shareholders or until his successor is duly elected and
      qualified, or until his earlier removal, or earlier vacation

      of office.

   7. To elect Jason Ma to hold office as a director of the
      Company until the next annual general meeting of
      shareholders or until his successor is duly elected and
      qualified, or until his earlier removal, or earlier vacation

      of office.

   8. To approve, confirm and ratify the appointment of
      PricewaterhouseCoopers Zhong Tian CPAs Limited Company as
      the independent auditor of the Company to hold office until
      the next annual general meeting of shareholders and the
      authorization of the Board of Directors of the Company to
      fix the auditor's remuneration.

   9. To transact such other business as may properly come before
      the 2015 AGM or any adjournment thereof.

                         About Ku6 Media

Ku6 Media Co., Ltd. -- http://ir.ku6.com/-- is an Internet video
company in China focused on User-Generated Content.  Through its
premier online brand and online video Web site --
http://www.ku6.com/-- Ku6 Media provides online video uploading
and sharing service, video reports, information and entertainment
in China.

Ku6 Media reported a net loss of $10.7 million in 2014 following a
net loss of $34.4 million in 2013.

As of June 30, 2015, the Company had US$8.91 million in total
assets, US$14.3 million in total liabilities, and a total
shareholders' deficit of US$5.42 million.

PricewaterhouseCoopers Zhong Tian LLP, in Shanghai, the People's
Republic of China, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that the Company's recurring losses, negative working
capital, net cash outflows, and uncertainties associated with
significant changes made, or planned to be made, in respect of the
Company's business model, raise substantial doubt about the
Company's ability to continue as a going concern.



LIFE PARTNERS: Seeks to Enter FIFC Premium Finance Agreement
------------------------------------------------------------
H. Thomas Moran II, chapter 11 Trustee for Life Partners Holdings,
Inc., asks the U.S. Bankruptcy Court for the Northern District of
Texas, Fort Worth Division, for authority to enter into an
Insurance Premium Finance Agreement with FIRST Insurance Funding
Corp. ("FIFC") and to provide adequate protection.

Mr. Moran relates that the Debtors maintain several insurance
programs in connection with the operation of their businesses.  He
further relates that the Court has authorized the Debtors to
continue their insurance programs and to enter into premium
financing agreements in the ordinary course of business.

Mr. Moran tells the Court that the Debtor is prepared to execute a
Commercial Premium Finance Agreement with FIFC for the financing of
the Debtor's D&O and Professional insurance policies upon court
approval.

The Premium Finance Agreement contains, among others, these salient
terms:

     (1) FIFC will provide financing to Debtor for the purchase of
the Policies which are essential for the operation of Debtor's
business.

     (2) The total premium amount is $384,261 and the total amount
to be financed is $285,169.

     (3) The Debtor will become obligated to pay FIFC the sum of
$289,045 in addition to a down payment that has already been paid
in the amount of $95,216 and the balance in nine monthly
installments of $32,116 each.  The installment payments are due on
the 1st day of each month commencing on Oct. 10, 2015.

     (4) As collateral to secure the repayment of the total of
payments, any late charges, attorney's fees and costs
("Indebtedness") under the Premium Finance Agreement, the Debtor is
granting FIFC a security interest in, among other things, the
unearned premiums of the Policies.

     (5) FIFC will be appointed as the Debtors' attorney-in-fact,
with the irrevocable power to cancel the policies and collect the
unearned premium in the event Debtors is in default of its
obligations under the Premium Finance Agreement.

Mr. Moran relates that the Debtor and FIFC have reached an
agreement that the adequate protection appropriate for their
situation would be as follows:

     (a) That the Debtor be authorized and directed to timely make
all payments due under the Premium Finance Agreement and FIFC be
authorized to receive and apply such payments to Indebtedness owed
by Debtor to FIFC as provided in the Premium Finance Agreement.

     (b) If the Debtor does not make any of the payments due under
the Premium Finance Agreement as they become due, the automatic
stay shall automatically lift to enable FIFC and/or third parties,
including insurance companies providing the coverage under the
Policies, to take all steps necessary and appropriate to cancel the
Policies, collect the collateral and apply such collateral to
Indebtedness owed to FIFC by Debtor. In exercising such rights,
FIFC and/or third parties shall comply with the notice and other
relevant provisions of the Premium Finance Agreement.

Mr. Moran believes that the terms of the Premium Finance Agreement
are commercially fair and reasonable including the granting of a
lien on the policies to FIFC.  He contends that the Debtor is
required to maintain adequate insurance coverage and without it,
would be forced to cease operations.  Mr. Moran further contends
that he has been unable to obtain unsecured credit to fund the
policies.  He submits that authorization of the Premium Finance
Agreement will ensure that Debtor can continue necessary
operations, and will not prejudice the legitimate interests of
creditors and other parties-in-interest, including Debtor's secured
creditors.

The Chapter 11 Trustee is represented by:

          David M. Bennett, Esq.
          Richard B. Roper, Esq.
          Katherine Battaia Clark, Esq.
          THOMPSON & KNIGHT LLP
          1722 Routh Street, Suite 1500
          Dallas, TX 75201
          Telephone: (214)969-1700
          Facsimile: (214)969-1751
          E-mail: David.Bennett@tklaw.com
                  Richard.Roper@tklaw.com
                  Katie.Clark@tklaw.com

                       About Life Partners

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

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

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

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

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

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

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

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.



LIFE PARTNERS: Trustee Has Plan, Seeks to Use Maturity Funds
------------------------------------------------------------
H. Thomas Moran II, Chapter 11 Trustee for Life Partners Holdings,
Inc., will ask the Bankruptcy Court at a hearing today, Sept. 28,
2015 at 1:30 p.m., for approval to use funds generated by the
maturity of life insurance policies to fund the bankruptcy cases.

Mr. Moran relates that the Debtors, the Committee and certain key
creditor/Investor groups ("Consenting Constituencies") have entered
into an agreement in principle regarding the terms of a
comprehensive and consensually negotiated restructuring plan.  He
further relates that the Negotiated Restructuring presents a
compromise and settlement of claims regarding ownership and other
issues that is subject to and will be effective upon plan
confirmation.

The Negotiated Restructuring is generally outlined as follows:

     (1) Upon confirmation, the life settlement policies will be
(a) owned by the investors who purchased fractional interests in a
life insurance policy ("Fractional Interest Holders"), or (b)
pledged as security for promissory notes purchased by investors
through retirement accounts ("IRA Holders" and together with the
Fractional Interest Holders, the "Current Holders").

     (2) In exchange for certainty on ownership and other issues,
and a confirmed plan of reorganization favorable to Current
Holders, Current Holders will be making an across- the-board
contribution (not to exceed 10%) from all assets in dispute to fund
the Debtors' ability to exit bankruptcy and create a mechanism to
provide for other creditors.

     (3) Current Holders will be allowed to choose, for themselves,
to (a) continue as holders and pay all related costs, (b) rescind
their purchases or (c) assign their interests to a fund (the
"Policy Trust") and be relieved of having to pay premiums and other
related costs.

     (4) A Policy Trust will be created to hold, and pay its share
of carrying costs for, all abandoned, assigned and compromised
portions of fractional interests in life settlement policies.  The
beneficiaries of the Policy Trust will be investors who assign
their fractional positions to the Policy Trust, including as to the
across-the-board contribution described above.

     (5) A Creditors' Trust will be created to pursue litigation.
The beneficiaries of the Creditors' Trust will be creditors of the
Debtors, investors who choose to rescind, and the Policy Trust.

     (6) A new company will be created to service the life
insurance portfolio that will be owned by the Policy Trust.

     (7) A secondary market for the resale of fractional interests,
subject to compliance with applicable securities laws, will be
permitted.

Mr. Moran tells the Court that the Negotiated Restructuring
presents the most expedient and cost-effective path forward to
preserving and maximizing the value of the Debtors' estates for the
benefit of their Investors, creditors, and other stakeholders. He
further tells the Court that the Debtors and the Consenting
Constituencies will move forward with the Negotiated Restructuring
using internal financing sources.

Mr. Moran contends that currently, ATLES and PES are holding in
excess of $33 million in funds generated by the maturity of life
insurance policies and that there is approximately $174 million of
cash surrender value associated with the policies.  

In furtherance of reaching the Negotiated Restructuring, Mr. Moran
and the Subsidiary Debtors seek permission to use the Maturity
Funds as a source of financing for the  bankruptcy cases subject to
the following terms and provisions, among other things: (a)
repayment with interest (10% annual rate); (b) first priority liens
and security interests on the Debtors' policy-related assets and
causes of action; (c)superpriority administrative claims; and (d)
repayment contemplated at or near the effective date of the plan of
reorganization.

Mr. Moran asserts that unless the Debtors obtain approval of the
Negotiated Financing, the Debtors will be unable to implement the
Negotiated Restructuring and their cases would likely be candidates
for conversion to cases under Chapter 7.

The Chapter 11 Trustee's attorneys can be reached at:

          David M. Bennett, Esq.
          Richard B. Roper, Esq.
          Katherine Battaia Clark, Esq.
          THOMPSON & KNIGHT LLP
          1722 Routh Street, Suite 1500
          Dallas, TX 75201
          Telephone: (214)969-1700
          Facsimile: (214)969-1751
          E-mail: David.Bennett@tklaw.com
                  Richard.Roper@tklaw.com
                  Katie.Clark@tklaw.com

                   About Life Partners Holdings

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

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

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

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


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

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

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

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.



LM US MEMBER: S&P Puts 'B-' CCR on CreditWatch Positive
-------------------------------------------------------
Standard & Poor's Ratings Services said that it has placed its 'B-'
corporate credit rating on LM U.S. Member LLC on CreditWatch with
positive implications.

At the same time, S&P placed its 'B-' issue level ratings on the
company's senior secured first-lien revolver and term loan and
S&P's 'CCC' issue-level rating on the company's second-lien term
loan on CreditWatch with positive implications.  The recovery
ratings on these facilities are unchanged.

"The CreditWatch placement follows BBA Aviation PLC's announcement
that it plans to acquire Landmark Aviation from The Carlyle Group
for $2.065 billion," said Standard & Poor's credit analyst
Christopher Denicolo.  "BBA Aviation plans to finance the deal with
a $1.1 billion equity issuance and a $1 billion credit facility."
The companies expect the deal, which is subject to approval by BBA
Aviation's shareholders and U.S. regulators, to close in early
2016.

S&P do not rate BBA Aviation; however, S&P believes that the
combined entity would have better credit quality than Landmark
currently has.  S&P expects that Landmark's existing debt will be
repaid as part of the transaction.

S&P will resolve the CreditWatch placement at the close of the
transaction.  If Landmark's existing debt is repaid, S&P will also
likely withdraw its ratings on the company.



MALIBU ASSOCIATES: Selling Malibu Country Club For At Least $35M
----------------------------------------------------------------
Malibu Associates, LLC, asks the U.S. Bankruptcy Court for the
Central District of California, Northern Division, for approval of
bidding procedures for the sale of its real property, commonly
known as "Malibu Country Club", free and clear of all liens,
claims, encumbrances and other interests.

The Malibu Country Club consists of 650.98 acres of land and is
located at 901 Encinal Canyon Road, Malibu, California.

The Debtor has entered into a Purchase and Sale Agreement
"Stalking Horse APA") with Brixton Capital AC, LLC, a Delaware
limited liability company ("Stalking Horse") for the sale of the
Property for $35 million.

The sale of the Property pursuant to the Stalking Horse APA is
subject to overbid and auction on these terms:

     -- Interested parties must submit an initial bid that provides
for a purchase price that is greater than or equal to the sum of
the $35 million plus the $1 million break-up fee plus (i) in the
case of the initial qualified bid, $250,000.00; and (ii) $100,000
in the case of any subsequent qualified bids, over the immediately
preceding highest qualified bid.  Bids must include a good-faith
deposit of $2 million.

     -- The deadline to submit bids is Oct. 16, 2015 at 9:00 a.m.

     -- If qualified bids are received by the bid deadline, an
auction will be conducted on Nov. 9, 2015 at 10:30 a.m.

     -- The Debtor has agreed that if the stalking horse is not the
successful bidder and the Property is sold to another and higher
overbidder, the Debtor will pay to the Stalking Horse a break-up
fee equal to $1,000,000.

     -- The hearing to consider approval of the sale of the assets
to the successful bidder will also be held Nov. 9.

The Debtor asserts that the Bidding Procedures will (i) foster
competitive bidding among any serious potential purchasers; (ii)
eliminate from consideration potential purchasers who do not have
the financial ability to consummate the transaction in an
expeditious manner; and (iii) ensure that the highest possible
purchase price is obtained for the Property.

The Debtor's attorneys can be reached at:

          David L, Neale, Esq.
          Lindsey L. Smith, Esq.
          LEVENE, NEALE, BENDER YOO & BRILL L.L.P.
          10250 Constellation Boulevard, Suite 1700
          Los Angeles, CA 90067
          Telephone: (310)229-1234
          Facsimile: (310)229-1244
          E-mail: dln@lnbyb.com
                  lls@lnbyb.com

                     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, 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 (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.



MATTRESS FIRM: S&P Raises CCR to 'B+'; Outlook Stable
-----------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Houston-based specialty bedding retailer Mattress Firm
Holding Corp. to 'B+' from 'B'.  The outlook is stable.

Concurrently, S&P raised the issue-level rating on the company's
term loan to 'B+' from 'B'.  The '3' recovery rating is unchanged
and indicates S&P's expectation for meaningful recovery in the
event of a payment default at the lower end of the 50% to 70%
range.  S&P also raised the issue-level rating on the company's
asset-based revolver to 'BB' from 'BB-'.  The '1' recovery rating
is unchanged and indicates very high (90% to 100%) recovery in the
event of a payment default.

"The upgrade reflects the company's credit metrics have
strengthened ahead of our expectations primarily because of EBITDA
growth and debt pay down using internally-generated cash.  Mattress
Firm paid $55 million in revolver and term loan borrowings from
excess cash flow during the second quarter of 2015, with continued
strong top line gains from new and acquired stores," said credit
analyst Diya Iyer.  "This is offset with drag on EBITDA margins
from increased marketing and product costs as the company enters
new markets but we expect those investments to result in continued
profitability growth long term."

The stable outlook incorporates S&P's assessment that Mattress
Firm's credit metrics and market position could continue to improve
over the next year if the company can continue to successfully
integrate acquisitions and reduce debt ahead of S&P's expectations.
However, S&P believes execution risk is a major factor that could
derail this aggressive strategy into new geographies, specifically
related to the company's ability to maintain its margin profile as
it grows.  S&P also remains cautious on the industry's particular
vulnerability to economic headwinds.

S&P could lower the rating if performance falls significantly below
its projections because of flat sales and margin contraction.
Under this scenario, revenue growth would slow significantly and
gross margin would shrink more than 100 bps, with leverage
approaching 5x, accompanied by tightened liquidity, flat free
operating cash flow, and interest coverage below 3.0x. S&P could
also lower its rating if the company takes on additional debt to
fund another sizable acquisition in the next year.

To consider an upgrade, Mattress Firm would deliver performance
well ahead of S&P's expectations, with revenue growth 10 to 20
percentage points ahead of expectations and gross margin expansion
of more than 100 bps.  At that time, leverage would be in the
low-3.0x range, interest coverage would be in the 6x range and
FFO/debt would be in the high-20% area.  S&P considers this
scenario unlikely in the next year given acquisition integration
and potential for further deals as part of the company's expansion
strategy.



MUELLER & DRURY: Case Summary & 5 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Mueller & Drury Real Estate, L.L.C.
        8110 E. Cactus Road, #100
        Scottsdale, AZ 85260

Case No.: 15-12258

Chapter 11 Petition Date: September 24, 2015

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

Judge: Hon. Paul Sala

Debtor's Counsel: Randy Nussbaum, Esq.
                  NUSSBAUM GILLIS & DINNER, P.C.
                  14850 N. Scottsdale Road
                  Suite 45O, Scottsdale, AZ 85254
                  Tel: 480-609-0011
                  Fax: 480-609-0016
                  Email: rnussbaum@ngdlaw.com

Total Assets: $900,000

Total Liabilities: $1.56 million

The petition was signed by Doug Drury, member.

List of Debtor's five largest unsecured creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Bank of America, N.A.                                  $1,500,000
TX1-609-06-01
1201 Main Street, 6th Floor
Dallas, TX 75202

City of Scottsdale                      Taxes                $356

Jani King                         Services Provided          $615

Maricopa County Treasurer           Property taxes        $38,455

Odyssey Professional Center       Property Management      $6,000
                                       Services


MURRAY ENERGY: Moody's Cuts Corp. Rating to B3 on Coal Price Plunge
-------------------------------------------------------------------
Moody's Investors Service downgraded the ratings of Murray Energy
Corporation, including corporate family rating (CFR) to B3 from B2,
probability of default rating (PDR) to B3-PD from B2-PD, first lien
term loan rating to B1 from Ba3, and the rating on second lien
senior secured notes to Caa1 from B3. The outlook is stable.

Downgrades:

Issuer: Murray Energy Corporation

Corporate Family Rating, Downgraded to B3 from B2

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

Senior Secured 1st lien Term Loans Downgraded to B1, LGD2 from Ba3,
LGD2

Senior Secured 2nd Lien Notes, Downgraded to Caa1, LGD5 from B3,
LGD4

Outlook Actions:

Outlook, Changed To Stable From Positive

RATINGS RATIONALE

The downgrade reflects recent deterioration in seaborne and
domestic coal prices, which we expect to persist, putting pressure
on average realizations over the next two years as higher priced
contracts roll off. We expect that the company's production volumes
will also be under pressure over the next two years, due to the
challenging industry conditions.

Coal consumption in the United States continues to be pressured by
low-cost natural gas (with Henry Hub prices persisting below $3.00
in the first nine months of 2015). While we believe Illinois Basin
coal to be generally more competitive due to its low cost, high
heat content and its customer base in larger baseload plants, it is
not immune to the larger trends affecting the US coal industry. We
believe that Murray's mines in Northern Appalachia will be even
more susceptible to weakening demand over the next two to three
years, as more natural gas capacity is added in the US East and
Marcellus shale production continues to grow. In addition to cheap
natural gas, EPA's recently issued Clean Power Plan will keep the
US coal industry in secular decline, and will have an impact across
all US basins. And while the Illinois Basin enjoys easy access to
the seaborne markets via Gulf Coast ports, persistent oversupply
and weak pricing will limit potential for exports.

Factors supporting the rating are market leadership in Northern
Appalachia (NAPP), operational diversity, solid contract positions,
low-cost longwall mines, low-cost barge and truck transportation to
power plants served, and good liquidity. We expect the company's
credit profile to benefit from the recent acquisition of interest
in Foresight Energy, as a result of increased footprint across two
coal basins, better producer discipline in the Illinois Basin as a
result of merging two key suppliers, and low-cost position of many
of the combined company's mines. Longer-term challenges include
managing what we continue to expect will be a difficult environment
in the coal industry, continuing to harmonize an acquired workforce
that is heavily unionized (from legacy CONSOL mines) with an
existing workforce that is largely non-union, and avoiding
unexpected cash outlays related to the legacy liabilities acquired
from CONSOL.

We expect Murray to maintain good liquidity over the next twelve
months, which at June 30, 2015 included $181 million in cash and a
little over $100 million of availability on their $225 million ABL
facility maturing in December 2018. Murray's nearest debt maturity
is $300 million secured term loan due in April 2017.

The ratings could be upgraded upon successful execution and
integration of Foresight acquisition and if free cash flows were
expected to be positive with Debt/ EBITDA, as adjusted, maintained
below 5x.

A negative rating action would be considered if Debt/ EBITDA were
expected to rise above 7x or if liquidity were to deteriorate.



NAKED BRAND: Amends Form S-1 Prospectus with SEC
------------------------------------------------
Naked Brand Group Inc. has amended its Form S-1 registration
statement relating to the offering of shares of its common stock
for a proposed maximum aggregate offering price of $8.6 million.
The Company amended the Registration Statement to delay its
effective date.

The Company's common stock is currently quoted on the OTCQB
operated by the OTC Markets Group under the symbol "NAKD."  The
last reported sale price of the Company's common stock on
Sept. 23, 2015, was $4.00 per share.  In conjunction with this
offering, the Company intends to apply to list its common stock on
a national securities exchange.  There is no assurance, however,
that the Company's common stock will ever be listed on a national
securities exchange.

On Aug. 10, 2015, the Company effected a 1-for-40 reverse split of
its issued and outstanding shares of common stock.

A copy of the Form S-1/A is available for free at:

                      http://is.gd/Vn2frq

                       About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York, New York.

Naked Brand reported a net loss of $21.07 million for the year
ended Jan. 31, 2015, compared to a net loss of $4.23 million for
the year ended Jan. 31, 2014.

As of July 31, 2015, the Company had $1.8 million in total assets,
$1.9 million in total liabilities and a $148,816 total capital
deficit.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2015, citing that the Company incurred a net loss of
$21,078,265 for the year ended Jan. 31, 2015, had a capital deficit
of $2,224,180 at Jan. 31, 2015, and the Company expects to incur
further losses in the development of its business.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.



NRG YIELD: Moody's Puts Ba1 CFR on Review for Downgrade
-------------------------------------------------------
Moody's Investors Service placed NRG Yield Inc.'s (NYLD) ratings on
review for downgrade, including its Ba1 corporate family rating
(CFR) and senior unsecured rating. We have also lowered NYLD's
speculative grade liquidity rating (SGL) to SGL-2 from SGL-1.

On Review for Downgrade:

Issuer: NRG Yield, Inc.

Corporate Family Rating, Placed on Review for Downgrade, currently
Ba1

Probability of Default Rating, Placed on Review for Downgrade,
currently Ba1-PD

Gtd Senior Notes due 2024, Placed on Review for Downgrade,
currently Ba1, LGD4

Lowered:

Speculative Grade Liquidity Rating, Lowered to SGL-2 from SGL-1

Outlook Actions:

Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

"The review for downgraded is prompted by NYLD's lack of access to
the equity markets due to the large, approximate 30% fall in its
stock price in recent months" said Toby Shea, Vice President and
Senior Credit Officer. "The ongoing inability to access the equity
market creates uncertainty regarding the company's financial
strategy going forward" added Shea. The review also considers
higher than expected cash flow volatility during the first half of
2015 driven by a major outage at one of its natural gas generation
facilities and low wind resources in the first half of 2015.

The downgrade of NYLD's speculative grade liquidity rating to SGL-2
from SGL-1 reflects our view that, If the equity markets continue
to be inaccessible, the company is likely to use cash on hand and
its revolving credit facility to fund acquisitions or additional
drop downs from NRG.

The review will evaluate the prospects that NYLD's stock price will
recover sufficiently for it to issue a material amount of equity,
the pace and magnitude of asset acquisitions and drop-downs from
NRG, the projected usage of cash on hand and revolver capacity to
fund such additions, any change in management strategy in response
to uncertain market conditions for "yieldco's", and the likelihood
that company cash flow will be less volatile going forward,
particularly given the unpredictability of the wind resources.

The principal methodology used in these ratings was Unregulated
Utilities and Unregulated Power Companies published in October
2014. Please see the Credit Policy page on www.moodys.com for a
copy of this methodology.

NRG Yield, Inc. is a diversified energy company owning a portfolio
of fossil and renewable power generating assets headquartered in
Princeton, New Jersey.



NY MILITARY ACADEMY: Faces Possible Shutting its Doors for Good
---------------------------------------------------------------
ABI.org reported that New York Military Academy, a 126-year-old
preparatory school that counts billionaire Donald Trump among its
graduates, faces the prospect of shutting its doors for good.

New York Military Academy, a private coeducational boarding school,
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case No.
15-35379) on March 3, 2015.  David B. Fields signed the petition as
first vice-president.  The Debtor reported total assets of $10.5
million and total debts of $10.9 million.

Lewis D. Wrobel, Esq., at Lewis D. Wrobel, serves as counsel to the
Debtor.

The U.S. Trustee for Region 2 appointed three unsecured creditors
to serve on the Official Committee of Unsecured Creditors.  The
Committee tapped Steven Jurista, Esq., Wasserman, Jurista & Stolz,
PC, as counsel.


PEABODY ENERGY: Lenders to Hire Davis Polk for Debt Discussions
---------------------------------------------------------------
ABI.org reported that a group of Peabody Energy Corp.'s senior
lenders hired law firm Davis Polk & Wardwell LLP to help protect
the value of their assets as they anticipate the company will begin
talks to restructure.

As reported by the Troubled Company Reporter on Sept. 1, 2015,
Moody's Investors Service downgraded the ratings of Peabody Energy,
including the corporate family rating (CFR) to Caa1 from B3,
probability of default rating (PDR) to Caa1-PD from B3-PD, the
ratings on senior secured credit facility to B2 from B1, the
ratings on second lien debt to Caa1 from B3, the ratings on senior
unsecured notes to Caa2 from Caa1, and the junior subordinated
debenture ratings to Caa3 from Caa2.  The speculative grade
liquidity rating of SGL-3 remains unchanged.  The ratings were
placed on review for further downgrade.

Peabody Energy Corporation is the world's largest private sector
coal company with coal mining operations in the US and Australia
and close to 8 billion tons of proven and probable reserves.  For
the twelve months ended December 31, 2014, the company sold 249.8
million tons of coal and generated $6.8 billion in revenues,
including 25 million tons of thermal coal sold from the Midwestern
division, 166.4 million tons of thermal coal sold from the Powder
River Basin and Colorado, 38.2 million of tons of thermal and
metallurgical coal from Australia, and 20.2 million tons from
trading and brokerage.  For the twelve months ended June 30, 2015,
the company generated $6.3 billion in revenues.


PERFORMANCE FOOD: S&P Raises CCR to 'B+'; Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Richmond, Va.-based Performance Food Group Inc. (PFG) to
'B+' from 'B'.  The outlook is stable.

At the same time, S&P raised its issue-level rating on PFG's senior
secured ABL to 'BB' from 'BB-', with a '1' recovery rating, which
indicates S&P's expectation of very high (90% to 100%) recovery in
the event of default.  Also, S&P raised the issue-level rating on
PFG's senior secured second-lien term loan to
'BB-' with a '2' recovery rating from 'B-' with a '5' recovery
rating.  S&P's '2' recovery rating on the second-lien term loan
indicates its expectation of substantial (70% to 90%, in the lower
half of the range) recovery in the event of default.  This assumes
a successful IPO and term debt repayment.

"The upgrade reflect PFG's good operating performance and our
expectation that the company will sustain its ratio of debt to
EBITDA below 5x," said Standard & Poor's credit analyst Brennan
Clark.  "Outside of a potential strategic acquisition, we believe
PFG will maintain more moderate financial policies as a publicly
traded company, notwithstanding its continuing majority ownership
by private equity firms.  We believe these firms will reduce their
ownership of PFG over the next two years, and that the company will
continue to improve credit ratios, including debt to EBITDA
approaching 4x at the end of fiscal 2016."

Standard & Poor's ratings reflect PFG's distant number three
position in the highly competitive and fragmented foodservice
distribution industry and low, albeit stable, margins.  The company
also has first position in some niche segments.  PFG has grown
revenues meaningfully over the past several years while
successfully managing input cost inflation through contract
pricing, resulting in stable profit growth.  The company appears to
be increasing market share and modestly improving profitability as
it expands its higher-margin proprietary "performance" brands and
its local customer base.  PFG has meaningful cost advantages over
local and regional competitors, and S&P believes this is enabling
it to win new business from these smaller players.  At the same
time, it is still much smaller than Sysco Corp. and US Foods Inc.
These competitors' larger size and greater route density provide
even greater cost advantages.  In addition, while PFG has a
presence in all 50 U.S. states, it is geographically concentrated
on the east coast and may not have the resources in all geographies
necessary to compete for some national customers.

S&P's ratings also incorporate the intense competition inherent in
the foodservice distribution industry, relatively low customer
switching costs (particularly for independent street customers),
low profitability, and input cost volatility--namely food and
fuel--notwithstanding the company's historic success in managing
these costs.

The stable outlook reflects S&P's expectation that PFG will
continue to grow its business moderately and maintain margins at
current levels or better.  S&P expects PFG to improve credit ratios
after the IPO and term debt repayment, and S&P forecasts debt to
EBITDA in the low-4x area and FFO to debt in the mid-teens by the
end of fiscal 2016.



PHYSIOTHERAPY HOLDINGS: Trust Hits Ex-Owners With $250M Fraud Suit
------------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that the litigation
trust created by Physiotherapy Holdings Inc.'s Chapter 11 plan
launched a lawsuit accusing the company's former private equity
owners of faking the physical therapy chain's financials in order
to sell it in a leveraged buyout while pocketing an extra $250
million and leaving the debtor insolvent.

The PAH Litigation Trust filed an adversary action in Delaware
bankruptcy court,against the former Physiotherapy controlling
shareholders Water Street Healthcare Partners LP and Wind Point
Partners LP, along with several affiliates.

                       About Physiotherapy Holdings

Physiotherapy Holdings, Inc., and its affiliates sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No.
13-12965) on Nov. 12, 2013.  The Debtors are the largest pure-play
provider of outpatient physical therapy services in the United
States with a national footprint of 581 outpatient rehabilitation
and orthotics & prosthetics clinics located in 29 states plus the
District of Columbia.

The Debtor is represented by Domenic E. Pacitti, Esq., and Michael
W. Yurkewicz, Esq., at Klehr Harrison Harvey Branzburg, LLP, in
Wilmington, Delaware; Morton Branzburg, Esq., at Klehr Harrison
Harvey Branzburg LLP, in Philadelphia, Pennsylvania; and Jonathan
S. Henes, P.C., Esq., Nicole L. Greenblatt, Esq., and David S.
Meyer, Esq., at Kirkland & Ellis LLP, in New York.

The Ad Hoc Committee of Senior Noteholders is represented by
Michael L. Tuchin, Esq., and David A. Fidler, Esq., at Klee,
Tuchin, Bogdanoff & Stern LLP, in Los Angeles, California.

U.S. Bank, National Association, as Bridge Loan Agent, is
represented by Stacey Rosenberg, Esq., at Latham & Watkins LLP, in
Los Angeles, California.

The Bank of New York Mellon Trust Company, N.A., as Senior Notes
Indenture Trustee, is represented by Eric A. Schaffer, Esq., at
Reed Smith, in Pittsburgh, Pennsylvania.

The Consenting Shareholders are represented by Michael J. Sage,
Esq., Matthew L. Larrabee, Esq., and Nicole B. Herther-Spiro,
Esq.,
at Dechert LLP, in New York.

Roberta A. DeAngelis, the United States Trustee for Region 3
notified the U.S. Bankruptcy Court for the District of Delaware
that a committee of unsecured creditors has not been appointed in
the Chapter 11 cases of Physiotherapy Holdings, Inc.

Physiotherapy Holdings implemented a prepackaged Chapter 11
reorganization plan on Dec. 31, 2013.  The Plan was confirmed Dec.
23.  The Plan gives noteholders all the stock in exchange for debt
and a predicted recovery of 40.3%.  Noteholders voted for the plan
before the Chapter 11 filing.


PLANDAI BIOTECHNOLOGY: Cutler Is New Auditor After Adams Quit
-------------------------------------------------------------
Adams Advisory, LLC, who was previously engaged as the principal
accountant to audit the Plandai Biotechnology, Inc.'s financial
statements, resigned its position.

No report issued by Adams Advisory for either of the past two years
contained an adverse opinion or a disclaimer of opinion, or was
qualified or modified as to uncertainty, audit scope, or accounting
principles.

The Company said that during its two most recent fiscal years and
any subsequent interim period preceding the resignation of Adams
Advisory, LLC, there were no disagreements with the Company on any
matter of accounting principles or practices, financial statement
disclosure and procedure.

On Sept. 24, 2015, the Company retained Cutler & Co., LLC, 9605
West 49th Avenue, Suite 200, Wheat Ridge Colorado 80033 as its new
independent principal accountant to audit the Company's financial
statements.  During the Company's two most recent fiscal years to
date, and subsequent interim period through the date of engagement,
the Company has not retained or inquired of Cutler & Co., LLC
regarding the application of accounting principles to a specified
transaction, either completed or proposed; or the type of audit
opinion that might be rendered on the registrant's financial
statements.  

                           About Plandai

Based in Goodyear, Arizona, Plandai Biotechnology, Inc., through
its recent acquisition of Global Energy Solutions, Ltd., and its
subsidiaries, focuses on the farming of whole fruits, vegetables
and live plant material and the production of proprietary
functional foods and botanical extracts for the health and
wellness industry.  Its principle holdings consist of land, farms
and infrastructure in South Africa.

Plandai Biotechnology reported a net loss of $15.5 million on
$266,000 of revenues for the year ended June 30, 2014, compared to
a net loss of $2.96 million on $359,000 of revenues for the year
ended June 30, 2013.

As of March 31, 2015, the Company had $9.86 million in total
assets, $15.7 million in total liabilities, $4.28 million
stockholders' deficit and $1.52 million in non-controlling
interest.

Terry L. Johnson, CPA, in Casselberry, Florida, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.

"The Company has incurred a deficit of approximately $26 million
and has used approximately $44 million of cash due to its
operating activities in the two years ended June 30, 2014.  The
Company may not have adequate readily available resources to fund
operations through June 30, 2015.  This raises substantial doubt
about the Company's ability to continue as a going concern," the
auditors noted.



PORTER BANCORP: Appoints Two New Board Members
----------------------------------------------
Porter Bancorp, Inc., parent company of PBI Bank, Inc., announced
the addition of new members to its board of directors.  James M.
Parsons was appointed as a board member of Porter Bancorp and PBI
Bank, and Dr. Edmond J. Seifried was appointed as a board member of
Porter Bancorp.

Mr. Parsons is CFO of Ball Homes, LLC, a residential real estate
development firm headquartered in Lexington, Ky., that has
operations in Kentucky and Tennessee.  He previously served as
president and CEO of ONB Insurance Group and has held various board
positions for a variety of companies and charitable organizations,
including serving as an advisory board member for two community
banks.  He is a CPA and has degrees in business administration and
accounting from West Virginia University.

Dr. Seifried is co-chairman of Seifried & Brew, LLC, a community
bank education center.  He is also the executive director of the
Sheshunoff Affiliation Program, which provides education and idea
exchanges for community bank executives.  Dr. Seifried is also
Professor Emeritus of Economics and Business at Lafayette College
in Easton, Pa.  He has taught at numerous banking schools,
regularly speaks at banking events, and has prior experience as a
community bank director.  He is a co-author of the book "The Art of
Strategic Planning in Community Banks."  Dr. Seifried has a
doctorate degree in economics and business from West Virginia
University.

"We welcome Mr. Parsons and Dr. Seifried to the boards of Porter
Bancorp and PBI Bank," said John T. Taylor, Porter Bancorp
president and CEO.  "Their skill sets and experience in finance and
banking will be important additions to our team.  We are very
fortunate to have their counsel as we position PBI Bank to grow and
build shareholder value in the future."

                       About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.

Porter Bancorp reported a net loss of $11.2 million in 2014, a net
loss of $1.58 million in 2013 and a net loss of $32.93 million in
2012.

As of June 30, 2015, the Company had $979.3 million in total
assets, $949.2 million in total liabilities and $30 million in
total stockholders' equity.

Crowe Horwath, LLP, in  Louisville, Kentucky, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
substantial losses in 2014, 2013 and 2012, largely as a result of
asset impairments resulting from the re-evaluation of fair value
and ongoing operating expenses related to the high volume of other
real estate owned and non-performing loans.  In addition, the
Company's bank subsidiary is not in compliance with a regulatory
enforcement order issued by its primary federal regulator
requiring, among other things, increased minimum regulatory capital
ratios as well as being involved in various legal proceedings in
which the Company disputes material factual allegations against the
Company.  Additional losses, adverse outcomes from legal
proceedings or the continued inability to comply with the
regulatory enforcement order may result in additional adverse
regulatory action.  These events raise substantial doubt about the
Company's ability to continue as a going concern, the auditors
said.



PORTER BANCORP: Shareholders Approve Bylaws Amendment
-----------------------------------------------------
Porter Bancorp, Inc., parent company of PBI Bank, Inc., announced
that shareholders approved an amendment to the Articles of
Incorporation as an effort to protect the long-term value of the
Company's accumulated tax benefit.  The special shareholders'
meeting was held on Sept. 23, 2015.

In comments made at the meeting, John T. Taylor, president and CEO
of Porter Bancorp, Inc., stated, "Porter Bancorp's shareholders
overwhelmingly approved an amendment to our Articles of
Incorporation that will assist in protecting the long-term value of
the Company's accumulated tax benefits.  The Amendment is designed
to limit transfers of Porter Bancorp's common shares that could
result in an "ownership change" under Section 382 of the Internal
Revenue of Code and impair those tax benefits."

"We have approximately $51.9 million of net deferred tax assets,
subject to a 100% valuation allowance, primarily related to our net
operating losses (NOLs) that we have generated but not yet realized
for federal tax purposes.  The approval of this amendment is part
of our Board's plan to protect these assets and reduce future
federal income taxes to the extent allowed by the Internal Revenue
Service."

                        About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.

Porter Bancorp reported a net loss of $11.2 million in 2014, a net
loss of $1.58 million in 2013 and a net loss of $32.93 million in
2012.

As of June 30, 2015, the Company had $979.3 million in total
assets, $949.2 million in total liabilities and $30 million in
total stockholders' equity.

Crowe Horwath, LLP, in  Louisville, Kentucky, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
substantial losses in 2014, 2013 and 2012, largely as a result of
asset impairments resulting from the re-evaluation of fair value
and ongoing operating expenses related to the high volume of other
real estate owned and non-performing loans.  In addition, the
Company's bank subsidiary is not in compliance with a regulatory
enforcement order issued by its primary federal regulator
requiring, among other things, increased minimum regulatory capital
ratios as well as being involved in various legal proceedings in
which the Company disputes material factual allegations against the
Company.  Additional losses, adverse outcomes from legal
proceedings or the continued inability to comply with the
regulatory enforcement order may result in additional adverse
regulatory action.  These events raise substantial doubt about the
Company's ability to continue as a going concern, the auditors
said.



PRINCE PREFERRED: Citizens Bank Awarded $2.7-Mil.
-------------------------------------------------
Judge Elizabeth Erny Foote of the United States District Court for
the Western District of Louisiana granted Citizens Bank's motion
for default judgment against Sharanjit Dhillon and awarded to the
Plaintiff the amount of $2,791,889, plus interest at an annual
percentage rate of 5.25% on the remaining balance of a loan until
paid in full.

The court further ordered the Plaintiff to submit until September
30, 2015, sufficient evidence demonstrating its entitlement to
costs and fees, as well as the amounts thereof.

On August 31, 2007, Shreveport Hospitality, Inc., entered into a
Loan Agreement and a Universal Note and Security Agreement with
Citizens Bank for a principal sum of $3,241,700.  On that same
date, Dhillon executed a personal Guaranty in favor of Citizens
Bank, in which she guaranteed the full and prompt payment and
performance of Shreveport Hospitality's obligations to Citizens
Bank.  The interest rate applicable to the Loan is 2.00% above the
"Prime Rate,".

On January 11, 2011, Citizens Bank, Shreveport Hospitality, and
Prince Preferred Hotels Shreveport modified the promissory note.
Under the Modification of Promissory Note and the Modification and
Assumption Agreement, Prince Preferred assumed the Loan and the
obligation to pay the Loan.

Prince Preferred failed to pay the monthly installment amount of
$33,918 due on the Loan on July 1, 2013, August 1, 2013, and
September 1, 2013.  The Prime Rate on August 31, 2013 was 3.25%, so
the interest rate applicable on the Loan at the time of default was
5.25%.  The Guarantors also failed to make the installment
payments.

The case is CITIZENS BANK, V. SUNIL A. TOLANI, ET AL, Magistrate,
Civil Action No. 14-CV-215 (W.D. La.).

A full-text copy of the Opinion and Order dated September 14, 2015
is available at http://is.gd/4fq25lfrom Leagle.com.  

Citizens Bank, Plaintiff, is represented by:

         J Todd Benson, Esq.
         Curtis R Shelton, Esq.
         AYRES WARREN ET AL
         333 Texas St Ste 1400
         Shreveport, LA 71101-3697
         Phone: 318-227-3319
         Fax: 318-227-3819
         Email: toddbenson@arklatexlaw.com
                curtisshelton@arklatexlaw.com

Defendant Sharanjit Dhillon, Pro se.

Prince Preferred Hotels Shreveport 2 LLC, based in Shreveport,
Louisiana, filed for Chapter 11 bankruptcy (Bankr. N.D. Tex. Case
No. 13-36337) on December 4, 2013, in Dallas.  Judge Barbara J.
Houser was first assigned to the case.  In its petiton, the Debtor
estimated $1 million to $10 million in both assets and
liabilities.  The petition was signed by Sunil A. Tolani, managing
member.

The Troubled Company Reporter, on Aug. 11, 2014, reported that
Bankruptcy Judge Stephen V. Callaway confirmed the Third Amended
Plan of Reorganization of Prince Preferred Hotels Shreveport 2,
LLC.


RELATIVITY MEDIA: Trustee Balks at Bonus Plans for Sr. Employees
----------------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that a government
watchdog filed an objection on Sept. 23, 2015, to Relativity
Media's plan to offer bonuses to the chief of its television
production unit and other senior employees, saying the debtor has
failed to offer enough evidence showing the bonuses don't run afoul
of the Bankruptcy Code.

Attorneys representing U.S. Trustee William K. Harrington filed
papers challenging bonuses set aside for Thomas Forman, the CEO of
Relativity's television unit, and four other senior-level
employees.  Harrington also is objecting to another incentive
plan.

                   About  Relativity Fashion

Based in New York, Relativity Fashion LLC dba M3 Relativity --
http://relativitymedia.com/-- is a privately-held entertainment   

company with an integrated and diversified global media platform
that provides, among other things, film and television financing,
production and distribution. Relativity was founded in 2004 by
Ryan Kavanaugh as a films late cofinancier partnering with major
studios such as Sony and Universal.  In addition, the Company
engages in content production and distribution, including movies,
television, fashion, sports, digital and music.  

The Company and its affiliates filed for Chapter 11 protection on
July 30, 2015 (Bankr. S.D. N.Y. Lead case No. 15-11989).  Judge
Michael E. Wiles presides over the Debtors' Chapter 11 cases.

Craig A. Wolfe, Esq., Malani J. Cademartori, Esq., and Blanka K.
Wolfe, Esq., at SHEPPARD MULLIN RICHTER & HAMPTON LLP, and Richard
L. Wynne, Esq., Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq.,
at JONES DAY, represent the Debtors in the bankruptcy cases.

The Debtors reported total assets of $559.9 million, and total
debts: $1.1 billion as of Dec. 31, 2014.


RMW SILVER HILL: Case Summary & Largest Unsecured Creditor
----------------------------------------------------------
Debtor: RMW Silver Hill Road, LLC
        4025-4077 Silver Hill Road
        Suitland, MD 20746

Case No.: 15-23294

Nature of Business: Commercial real estate

Chapter 11 Petition Date: September 24, 2015

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Erik G. Soderberg, Esq.
                  LAW OFFICE OF ERIK G. SODERBERG
                  7361 Calhoun Place, Suite 200
                  Rockville, MD 20855-2779
                  Tel: (301) 279-0303
                  Fax: (301) 315-8182
                  Email: esoderberg@papewelt.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Henry S. Kim, general partner.

The Debtor listed U.S. Bank National Association as its largest
unsecured creditor holding a claim of $2.92 million.


ROTONDO WEIRICH: Court OKs Cash Collateral Use Up to Oct. 16
------------------------------------------------------------
Judge Eric L. Frank of the U.S. Bankruptcy Court for the Eastern
District of Pennsylvania authorized the use of cash collateral by
Rotondo Weirich Enterprises, Inc., and its affiliated debtors until
Oct. 16, 2015.

The cash collateral will be used for paying all reasonable and
necessary expenses related to the operation of the Debtors'
businesses including all trust fund payroll taxes.

The Court granted Univest postpetition replacement liens on each of
the respective Debtors' assets which are created, acquired, or
arise after the Petition Date, but limited only to the types of
collateral in which Univest holds a prepetition lien or security
interest.  Univest's replacement liens have the same priority and
validity as its prepetition security interests and liens. The Court
likewise ordered the Debtors to make adequate protection payments
to Univest in the as further adequate protection against the
diminution in value of any collateral subject to Univest's security
interests. The Debtors are to pay Univest the amount of $6,000 on
Oct. 2, 2015; $6,000 on Oct. 9, 2015 and $6,000 on
Oct. 16, 2015.

The schedule for the hearing to consider whether the Debtors' use
of cash collateral can be extended beyond Oct. 16, 2015, is set on
Oct. 14, 2015 at 11:00 a.m.

                  Zurich's Reservation of Rights

Zurich American Insurance Company and its affiliates tell the Court
that debtor Rotondo Weirich Enterprises is a party to one or more
Design Build Contracts with the County of Sab Mateo, which was
assigned to Sundt Layton Joint Venture.  Zurich Security further
tells the Court that the work on the said contracts is being
performed by CML RW Security, LLC, a former subsidiary of the
Debtor and that the former subsidiary is being paid by Sundt Layton
directly either under California law, the Design Build Trade
Contract or a Joint Payment Agreement.

Zurich Surety relates that many courts have held that because of
the unique rights of subcontractors (and sureties) on public work
contracts, proceeds in a situation such as this might not
constitute property of the estate or otherwise might not be payable
to a debtor.  It believes that it is necessary to resolve at this
point in time the exact status of the contract proceeds. Zurich
Surety contends that it is appropriate for the Court to be aware of
how payments are processed on the San Mateo project and be aware
that the former subsidiary needs to use the proceeds to perform the
work and make payments of its expenses and to its subcontractors
and suppliers.  Zurich Surety believes that the situation should
continue at least for the near term, to prevent problems on the job
and possible indemnity claims on payment or performance bonds,
which could increase claims against the Estate.

                  CML RW's Reservation of Rights

CML RW Security, LLC, relates that Rotondo Weirich Enterprises is a
subcontractor on a project for the construction of a prison
facility in San Diego, California, commonly referred to as the
Donovan Project.  CML further relatess that RWE and CML are parties
to a subcontract on the Donovan Project pursuant to which, CML is
listed as a subcontractor.

CML tells the Court that the proceeds of the Donovan Contract
payable to CML are not the cash collateral of RWE or any of the
Debtors and are not part of any agreed venture between RWE and CML.
CML further tells the Court that while it does not object to the
Debtors' use of cash collateral, it disputes that moneys due to CML
under the Donovan Subcontract or any other contract to which CML is
a party are in any way the Debtors' cash collateral. CML adds that
while it does not oppose the Debtors having the use of their funds
so that they can attempt to reorganize their debts, CML does not
consent to the Debtors receiving, depositing or utilizing as cash
collateral, moneys due to CML under the Donovan Subcontract or any
other contract to which CML is a party, the effect of which would
be to cause CML irreparable harm.

Zurich American Insurance Company is represented by:

          Karen Lee Turner, Esq.
          ECKERT SEAMANS CHERIN & MELLOTT, LLC
          Two Liberty Place
          50 South 16th Street, 22nd Floor
          Philadelphia, PA 19102
          Telephone: (215)851-8400
          Facsimile: (215)851-8383
          E-mail: kturner@eckertseamans.com

CML RW Security is represented by:

          Edmond M. George, Esq.
          Michael D. Vagnoni, Esq.
          OBERMAYER REBMANN MAXWELL & HIPPEL LLP
          One Penn Center, 19th Floor
          1617 John F. Kennedy Blvd.
          Philadelphia, PA 19103-1895
          Telephone: (215)665-3140
          Facsimile: (215)665-3165
          E-mail: edmond.george@obermayer.com
                  michael.vagnoni@obermayer.com

                About Rotondo Weirich Enterprises

Rotondo Weirich Enterprises and five of its affiliates sought
Chapter 11 protection (Bankr. E.D. Pa. Case Nos. 15-16146 -
15-16151) on Aug. 27, 2015.  The petitions were signed by Steven J.
Weirich, the president & CEO.  RWE estimated assets and liabilities
of at least $10 million.

The Debtors tapped Maschmeyer Karalis P.C. as counsel; and
EisnerAmper LLP as financial advisors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of RWE to serve on an official committee of unsecured
creditors.



SALADWORKS LLC: Judge Sends Former Owners' Dispute to Mediation
---------------------------------------------------------------
Cara Salvatore at Bankruptcy Law360 reported that two former equity
owners of bankrupt Saladworks LLC were ordered into mediation on
Sept. 21, 2015, by a judge who has said the battle over the
estate's already delayed Chapter 11 plan boils down to a two-party
dispute between the embittered former owners.

U.S. Bankruptcy Judge Laurie Selber Silverstein ordered Saladworks
and its stakeholders -- minority equity holder JVSW LLC and debt
owner WS Finance LLC -- to enter mediation with U.S. Bankruptcy
Judge Brendan Shannon over the issues facing its proposed Chapter
11 plan.

                      About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States.  From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

Saladworks, LLC, disclosed $2,303,632 in assets and $14,220,722 in
liabilities as of the Chapter 11 filing.

SSG Capital Advisors, LLC, acted as the investment banker in the
sale of substantially all of its assets to an affiliate of Centre
Lane Partners, LLC.


SALADWORKS LLC: Seeks to Remove Actions Until December 14
---------------------------------------------------------
SW Liquidation LLC fka Saladworks LLC asks the U.S. Bankruptcy
Court for the District of Delaware to further extend the deadline,
until Dec. 14, 2015, to file notices of removal with respect to
civil actions pending as of its bankruptcy filing.

The Court will hold a hearing on Oct. 14, 2015, at 10:00 a.m. (ET)
to consider the Debtor's request.  Objections, if any, are due
Sept. 29, 2015, at 4:00 p.m. (ET).

The Debtor tells the Court that it is a party to several
prepetition actions pending in various state or federal courts,
including, among others, the Chancery Litigation and the
Pennsylvania Litigation.  The plan provides for the retention of
all retained causes of actions, which would include these actions.

According to the Debtor, it is prudent to seek an extension of the
time period to file notices of removal to preserve the estate's
removal rights with respect to litigation by and against the
Debtor.  The Debtor and its professionals currently are focused on
negotiating and achieving a confirmable, if not consensual, plan.

The Debtor's current deadline expired on Sept. 15, 2015.

                      About Saladworks, LLC

Developed in 1986, Saladworks, LLC, is the first and largest
fresh-salad franchise concept in the United States.  From its
beginning in the Cherry Hill Mall, Saladworks quickly expanded to
12 additional locations in area malls and soon thereafter began
franchising.  The company has franchise agreements with 162
different franchisees.  The equity owners are J Scar Holdings,
Inc., (70%) and JVSW LLC (30%).

Saladworks, LLC, sought Chapter 11 bankruptcy protection (Bankr.
D. Del. Case No. 15-10327) on Feb. 17, 2015.  The case assigned to
Judge Laurie Selber Silverstein.

The Debtor has tapped Landis Rath & Cobb LLP as counsel; SSG
Advisors, LLC, as investment banker; EisnerAmper LLP, as financial
advisor; and Upshot Services LLC, as claims and noticing agent.

Saladworks, LLC, disclosed $2,303,632 in assets and $14,220,722 in
liabilities as of the Chapter 11 filing.

SSG Capital Advisors, LLC, acted as the investment banker in the
sale of substantially all of its assets to an affiliate of Centre
Lane Partners, LLC.


SARATOGA RESOURCES: Equity Committee Wants to File Rival Plan
-------------------------------------------------------------
BankruptcyData reported that Saratoga Resources' official committee
of equity security holders filed with the U.S. Bankruptcy Court a
motion for a Court order terminating the exclusive period during
which the Company has the exclusive right to file a plan of
reorganization and solicit acceptances thereof.

The motion explains, "The lenders' contemplation of taking control
over the Debtors dates back to at least December 2014.  Since that
time, increasing dysfunction on the Debtors' board and skillful
maneuvering by the lenders has resulted in (a) an inability of the
Debtors to agree on a chapter 11 plan and (b) even if such
agreement could be reached, lender 'veto' power over any chapter 11
plan the Debtors might conceive….  Simply put, the Debtors'
exclusive period in which to file a plan has been usurped by the
Lenders such that the Lenders have the exclusive right to control
what chapter 11 plan gets filed.

Moreover, even if the lenders consent to a chapter 11, the
likelihood of the Debtors' dysfunctional, deadlocked board
approving the filing of any chapter 11 plan is remote….  For
these estates that are rich in value but light in cash flow,
successive solicitation processes by multiple parties-in-interest
will put the successful outcome of these cases in jeopardy.  The
Court should level the playing field by authorizing other
parties-in-interest to file plan of reorganization."

                     About Saratoga Resources

Saratoga Resources -- http://www.saratogaresources.com-- is an  
independent exploration and production company with offices in
Houston, Texas and Covington, Louisiana.  Principal holdings cover
approximately 51,500 gross/net acres, mostly held by production,
located in the transitional coastline and protected in-bay
environment on parish and state leases of south Louisiana and in
the shallow Gulf of Mexico Shelf.  Most of the company's large
drilling inventory has multiple pay objectives that range from as
shallow as 1,000 feet to the ultra-deep prospects below 20,000 feet
in water depths ranging from less than 10 feet to a maximum of
approximately 80 feet.

Saratoga Resources, Inc., Harvest Oil & Gas, LLC, and their
affiliated debtors sought protection under Chapter 11 of the
Bankruptcy Code on June 18, 2015.  The lead case is In re Harvest
Oil & Gas, LLC, Case No. 15-50748 (Bankr. W.D. La.).

The Debtors are represented by William H. Patrick, III, Esq., at
Heller, Draper, Patrick, Horn & Dabney, LLC, in New Orleans,
Louisiana.


SARATOGA RESOURCES: Wants More Time to File Plan, Negotiate
-----------------------------------------------------------
BankruptcyData reported that Saratoga Resources filed with the U.S.
Bankruptcy Court a motion to extend the exclusive period during
which the Company can file a Chapter 11 plan and solicit
acceptances thereof through and including Dec. 15, 2015, and
February 15, 2016, respectively.

The motion explains, "The Debtors have been in lengthy settlement
negotiations with the Noteholders, have included the Unsecured
Creditors Committee in those negotiations, and have invited the
Equity Committee to join. . . .  extension of the exclusivity
periods to negotiate with parties-in-interest in a stable
environment will benefit the entire reorganization process."  

The Court scheduled an Oct. 14, 2015 hearing on the motion.

                     About Saratoga Resources

Saratoga Resources -- http://www.saratogaresources.com-- is an  
independent exploration and production company with offices in
Houston, Texas and Covington, Louisiana.  Principal holdings cover
approximately 51,500 gross/net acres, mostly held by production,
located in the transitional coastline and protected in-bay
environment on parish and state leases of south Louisiana and in
the shallow Gulf of Mexico Shelf.  Most of the company's large
drilling inventory has multiple pay objectives that range from as
shallow as 1,000 feet to the ultra-deep prospects below 20,000
feet
in water depths ranging from less than 10 feet to a maximum of
approximately 80 feet.

Saratoga Resources, Inc., Harvest Oil & Gas, LLC, and their
affiliated debtors sought protection under Chapter 11 of the
Bankruptcy Code on June 18, 2015.  The lead case is In re Harvest
Oil & Gas, LLC, Case No. 15-50748 (Bankr. W.D. La.).

The Debtors are represented by William H. Patrick, III, Esq., at
Heller, Draper, Patrick, Horn & Dabney, LLC, in New Orleans,
Louisiana.


SCI ENGINEERING: Case Summary & 9 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: SCI Engineering, P.C.
        1375 Broadway, 10th Floor
        New York, NY 10018

Case No.: 15-12624

Chapter 11 Petition Date: September 24, 2015

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

Debtor's Counsel: Stephen Z. Starr, Esq.
                  STARR & STARR, PLLC
                  260 Madison Avenue, 17th Floor
                  New York, NY 10016-2401
                  Tel: (212) 867-8165
                  Fax: (212) 867-8139
                  Email: sstarr@starrandstarr.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shahid Iqbal., P.E., president-principal
engineer.

List of Debtor's nine largest unsecured creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Adelman Katz & Mond LLP              Professional       $29,326
Law Office of Jared P.                  services
Turman

Alfred Santo                             Taxes           $1,475

Banco Popular N.A.                  Banco Popular    $1,086,848
c/o Newtek                                Loan
PO Box 2140
Hicksville, NY 11802

Chellapa Shanmugan                      Judgment       $588,458
Attn: Jonathan R. Jeremias
260 Madison Avenue 18th fl
New York, NY 10016

Dannible Mckee                         Professional      $12,000
Newman & Lickstein                       services

Grassi & Co.                           Professional      $20,929
                                         services

Guru Switzoor                            Judgment        $87,382

Internal Revenue Service                   Taxes        $800,000
Centralized Insolvency Ops.
PO Box 7346
Philadelphia, PA 19101-7346

New York State Dept of FIN                  Taxes       $184,670


SEANERGY MARITIME: Reports Financial Results for Second Quarter
---------------------------------------------------------------
Seanergy Maritime Holdings Corp. reported a net loss of $1.05
million on $1.75 million of net vessel revenues for the three
months ended June 30, 2015, compared to a net loss of $759,000 on
$0 of net vessel revenue for the same period in 2014.

For the six months ended June 30, 2015, the Company reported a net
loss of $2.05 million on $1.75 million of net vessel revenue
compared to net income of $82.74 million on $2.01 million of net
vessel revenue for the same period a year ago.

As of June 30, 2015, the Company had $19.57 million in total
assets, $10.15 million in total liabilities and $9.42 million in
stockholders' equity.

Stamatis Tsantanis, the Company's chairman & chief executive
officer, stated:

"In the second quarter of 2015, Seanergy restored its
revenue-generation capacity through the acquisition of its first
vessel, the M/V Leadership, in March 2015.  The Time Charter
Equivalent ("TCE") rate earned by M/V Leadership during the second
quarter of 2015 amounted to $9,788, which compares very favorably
with the average rate of the 4 T/C routes of the Baltic Capesize
Index for the same period of $4,601.  Going forward, we expect our
TCE rate to strengthen as the dry bulk market gradually recovers.

"As recently announced, we entered into a purchase agreement to
acquire a fleet of seven modern dry bulk carriers for approximately
$183 million.  The fleet consists of five Capesize and two Supramax
vessels with an average age of six years. Seanergy took delivery of
the first of these seven bulkers, the 2010 built Capesize M/V
Premiership, on September 11, 2015 and we expect the remaining
vessels to be delivered by November 30, 2015.

A copy of the press release is available for free at:

                        http://is.gd/GBd6Hz

                          About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that following the disposal of the Company's entire fleet in
early 2014 in the context of its restructuring plan, the Company
was unable to generate sufficient cash flow to meet its obligations
and sustain its continuing operations that raise substantial doubt
about the Company's ability to continue as a going concern.

The Company disclosed net income of $80.3 million on $2.01 million
of net vessel revenue for the year ended Dec. 31, 2014, compared
with net income of $10.9 million on $23.1 million of net vessel
revenue for the year ended Dec. 31, 2013.



SENTINEL MANAGEMENT: CFTC Seeks Lifetime Band for Ex-CEO
--------------------------------------------------------
Evan Weinberger at Bankruptcy Law360 reported that the U.S.
Commodity Futures Trading Commission asked a federal judge to
permanently ban former Sentinel Management Group Inc. CEO Eric A.
Bloom from the industry even as Bloom appeals a 2014 criminal
conviction for running a scheme that ultimately cost investors $665
million.

The regulatory agency said that because Mr. Bloom was convicted for
leading the scheme that ultimately bankrupted Sentinel, the
company's former CEO had no legitimate defense against a lifetime
ban from the securities industry, and a nearly $2.5 million civil
money penalty.

                     About Sentinel Management

Based in Northbrook, Illinois, Sentinel Management Group Inc. --
http://www.sentinelmgi.com/-- was a full service firm offering  
a variety of security solutions.  The Company filed a voluntary
Chapter 11 petition (Bankr. N.D. Ill. Case No. 07-14987) on
Aug. 17, 2007.  Ronald Barliant, Esq., Randall Klein, Esq., and
Kathryn A. Pamenter, Esq., at Goldberg, Kohn, Bell & Black
Rosenbloom & Moritz, Ltd., represented the Debtor.  Lawyers at
Quinn, Emanuel Urquhart Oliver & Hedges, LLP, represented the
Official Committee of Unsecured Creditors.  When the Debtor sought
bankruptcy protection, it estimated assets and debts of more than
$100 million.

On Aug. 28, 2007, the Court approved Frederick Grede as the
Debtor's Chapter 11 Trustee.  Marc I. Fenton, Esq., at DLA Piper
US LLP, and Vincent E. Lazar, Esq., at Jenner & Block LLP,
represent the Chapter 11 Trustee.

The Court confirmed the Fourth Amended Chapter 11 Plan of
Liquidation for Sentinel on Dec. 15, 2008, which created a
Liquidation Trust.  The Plan became effective Dec. 17, 2008, and
Mr. Grede was appointed Liquidation Trustee.


SEQUENOM INC: Dr. van den Boom Promoted to Interim President & CEO
------------------------------------------------------------------
Sequenom, Inc. announced the appointment of Dirk van den Boom,
Ph.D. to the position of interim president and chief executive
officer.  Dr. van den Boom succeeds William J. Welch following his
resignation from that role, and as a director, to pursue other
interests.  In addition, Dr. van den Boom will continue to serve as
Sequenom's chief scientific and strategy officer.

Prior to his appointment as interim president and CEO, Dr. van den
Boom served as chief scientific and strategy officer since June
2014, and before that as executive vice president, Research and
Development and chief technology officer beginning in December
2012.  Dr. van den Boom joined Sequenom in 1998 at the Company's
Hamburg office, subsequently serving in various management roles of
increasing responsibility.

"We are excited for Dirk to take on the role of interim President
and Chief Executive Officer, and believe that he is well positioned
to lead our key strategic initiatives to develop and commercialize
innovative products and services at Sequenom," said Kenneth F.
Buechler, Ph.D., chairman of the Board of Directors. "We are
confident that he will successfully lead our efforts to capitalize
on our company's future growth opportunities and goals. We thank
Bill for his efforts for the Company and wish him well in future
endeavors."

                           About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.

"If we fail to generate enough cash flow from our operations or
otherwise obtain the capital necessary to fund our operations, our
financial results, financial condition and our ability to continue
as a going concern will be adversely affected and we will have to
cease or reduce further commercialization efforts or delay or
terminate some or all of our diagnostic testing services or other
product development programs," the Company said in its 2014 annual
report.

As of June 30, 2015, the Company had $136.6 million in total
assets, $157.6 million in total liabilities and a $21 million total
stockholders' deficit.



SITEONE LANDSCAPE: S&P Assigns 'B' CCR & Rates $350MM Loan 'B'
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B'
corporate credit rating to Roswell, Ga.-based landscape supply
distributor SiteOne Landscape Supply Inc.  The outlook is stable.

At the same time, S&P assigned its 'B' issue-level rating to the
company's proposed $350 million first-lien term loan due 2021.  The
recovery rating is '3', indicating S&P's expectation of meaningful
(50% to 70%; at the lower end of the range) recovery in the event
of a payment default.  The debt will be held by the company's
subsidiaries and co-borrowers JDA Holding LLC (to be renamed
SiteOne Holding LLC) and John Deere Landscapes LLC (to be renamed
SiteOne Landscape Supply LLC).

"The stable outlook reflects our expectation that SiteOne will
maintain debt to EBITDA between 5x and 6x over the next 12 months
and FFO to debt around 10%," said Standard & Poor's credit analyst
Michael Maggi.  "Though we assume some improvement in 2016 given
our expectations of continued growth in U.S. residential and
nonresidential construction, as well as repair and remodeling
spending, we forecast adjusted leverage will remain above 5x next
year."

S&P could raise its ratings on SiteOne if the company proceeds with
an initial public offering (IPO) (the company recently filed an S-1
indicating its plans to sell public equity) and uses the proceeds
to decrease leverage to below 5x with an intention to keep debt to
EBITDA below that level.  S&P could also take a positive rating
action if CD&R were to trim its ownership to below 40% such that
the company's financial risk profile would no longer be constrained
by S&P's financial sponsor criteria while at the same time
continuing to lower leverage.

"Based on our forecast for continued economic growth in the U.S.
and additional strength in the repair and remodeling market (as
well as the residential and nonresidential construction markets),
we consider a negative rating action as unlikely over the next 12
months.  However, we could downgrade the company if operating
results came in worse than expected or the company experienced
integration missteps from recent and future acquisitions, which
would likely result in weaker margins and higher leverage.  We
could also take a negative rating action if the company took on a
more aggressive financial policy, incurring additional debt to fund
acquisitions, dividends, or share repurchases such that adjusted
debt to EBITDA was sustained above 8x," S&P noted.



SMF ENERGY: Materially Overstated Financials, SEC Says
------------------------------------------------------
The Securities and Exchange Commission announced financial fraud
charges against four former SMF Energy Corp. officers, alleging
that former CEO Richard E. Gathright, former chief financial
officer Michael S. Shore, former chief accounting officer Laura P.
Messenbaugh, and former senior vice president of sales and investor
relations officer Robert W. Beard vastly inflated SMF's revenues
through a fraudulent billing scheme.

The SEC's action, filed in U.S. District Court for the Southern
District of Florida, alleges that SMF overbilled certain mobile
fueling customers, including the U.S. Postal Service, by charging
for fuel that was not delivered and adding surcharges that the
customers' contracts did not permit. As a result, the SEC alleges
that Fort Lauderdale, Florida-based SMF materially overstated its
revenues, profit margins, shareholders' equity and net income, and
understated its liabilities in its annual reports for fiscal years
2010 and 2011, its quarterly reports in its fiscal year 2011 and
the first half of fiscal year 2012, and other reports filed on Form
8-K over the same time period.

According to the SEC's complaint, the overbilling began in 2004 as
a minor contributor to SMF Energy's financial performance but later
made the difference between the company being profitable and
posting net losses.  The complaint alleges the four officers
participated in the fraudulent scheme and that Gathright, Shore and
Messenbaugh overstated SMF's revenues and net income in SMF's
public filings.  According to the complaint, Gathright, of Pompano
Beach, Florida; Shore, of Miami, and Messenbaugh, of Plantation,
Florida, each reviewed the allegedly fraudulent annual and
quarterly reports that Gathright and Shore signed and certified as
accurate.  Messenbaugh signed the allegedly fraudulent annual
reports and Gathright signed the reports filed on Form 8-K that
allegedly contained material misrepresentations and omissions.

"Information in a company's public filings provides the foundation
on which investment decisions are made," said Eric I. Bustillo,
Director of the SEC's Miami Regional Office.  "We allege that SMF
used fraudulent billing practices to increase its earnings and
would have reported losses rather than net profits had it not
relied on such practices."

The SEC's complaint alleges violations and the aiding and abetting
violations of the antifraud provisions, books and records, internal
controls, and disclosure and reporting provisions of the federal
securities laws.  The SEC is seeking disgorgement of allegedly
ill-gotten gains, plus prejudgment interest and penalties, an
officer and director bar against the four former officers, and
permanent injunctive relief.

SEC Miami Regional office staff John T. Houchin, Jonathan M. Grant,
and Timothy J. Galdencio conducted the investigation under the
supervision of Assistant Regional Director Eric R. Busto.
Christopher E. Martin will lead the SEC's litigation efforts.


SOUNDVIEW ELITE: Trustee, Fletcher Agree to Extend Bar Date
-----------------------------------------------------------
The Chapter 11 trustee of Soundview Elite Ltd. entered into an
agreement to extend the deadline for Fletcher International Ltd.'s
plan administrator to file claims against the company.

The agreement extends the "general bar date" to Oct. 23, 2015, at
5:00 p.m. (Eastern time).  The agreement is available for free at
http://is.gd/U7Lbp1

This deadline is called a "bar date" because it means that
creditors who come forward after that date may be "barred" from
ever filing a claim against the company.   

U.S. Bankruptcy Judge Robert Gerber previously granted the parties'
request to extend the general bar date to Sept. 23, 2015, court
filings show.

                       About SoundView Elite Ltd.

Six mutual funds originally created by Citco Group of Cos.,
including Soundview Elite Ltd., filed petitions for Chapter 11
protection on Sept. 24, 2013, in Manhattan to avoid undergoing
bankruptcy liquidation in the Cayman Islands, where they are
incorporated.

The funds are Soundview Elite (Bankr. S.D.N.Y. Case No. 13-13098)
Soundview Premium, Ltd. (Case No. 13-13099); Soundview Star Ltd.
(Case No. 13-13101); Elite Designated (Case No. 13-13102); Premium
Designated (Case No. 13-13103); and Star Designated (Case No.
13-13104).  The petitions were signed by Floyd Saunders as
corporate secretary.  By order dated Oct. 16, 2013, the Court
directed that the Debtors' bankruptcy cases be procedurally
consolidated and jointly administered.

SoundView Elite Ltd. and two similarly named funds were the target
of a winding-up petitions in the Cayman Islands filed in August by
Citco, which had sold its interest in the funds' manager years
before.  An investor, who was removed from the funds' board in
June, filed a different winding-up petition in August, aimed at
three funds created later to hold illiquid assets.

The Debtor disclosed $20,703,641 in assets and $16,402,671 in
liabilities as of the Chapter 11 filing.  The funds said in a court
filing their total cash assets of about $20 million are held in the
U.S., where the funds are managed.  Court papers list the funds'
total assets as $52.8 million, against debt totaling $28 million.

Judge Robert E. Gerber presides over the U.S. cases.

Warren J. Martin, Jr., Esq., Mark J. Politan, Esq., Terri Jane
Freedman, Esq., and Rachel A. Segall, Esq., at Porzio, Bromberg &
Newman, PC, serve as the Debtors' counsel.  CohnReznick LLP serves
as financial advisor.

Peter Anderson and Matthew Wright, as Joint Official Liquidators of
the Debtors, are represented in the U.S. proceedings by John A.
Pintarelli, Esq., James J. Beha, II, Esq., William H. Hildbold,
Esq., at Morrison & Foerster LLP.

The U.S. Trustee solicited for the formation of an official
committee of unsecured creditors, but to date one has not been
formed.

In April 2014, District Judge J. Paul Oetken affirmed the
Bankruptcy Court order appointing a Chapter 11 trustee for
SoundView Elite Ltd. and its affiliated debtors, and tossed pro se
appeals filed by Alphonse Fletcher, Jr. and George E. Ladner, the
sole directors of the mutual funds.


SUNTECH AMERICA: Has Until Dec. 9 to Remove Civil Actions
---------------------------------------------------------
The United States Bankruptcy Court for the District of Delaware
extended the deadline by which Suntech America Inc., et al., may
remove civil actions through and including December 9, 2015.

The court determined that the legal and factual basis supporting
the Debtors' request for extension establish just cause for the
relief and that the extension is in the best interest of the
Debtors' estates, their creditors and all the other parties in
interest.

                      About Suntech America

Suntech America, Inc., and Suntech Arizona, Inc. filed for Chapter
11 bankruptcy protection (Bankr. D. Del. Case Nos. 15-10054 and
15-10056) on Jan. 12, 2015.  Judge Christopher S. Sontchi presides
over the case.

Mark D. Collins, Esq., Paul Noble Heath, Esq., William A.
Romanowicz, Esq., Zachary I Shapiro, Esq., at Richards, Layton &
Finger, P.A., serve as the Debtors' bankruptcy counsel.  Upshot
Services LLC is the Debtors' claims and noticing agent.

The Debtors estimated their assets at between $100 million and
$500 million, and their debts at between $100 million and $500
million.

Headquartered in San Francisco, California, Suntech America, aka
Suntech Power, an affiliate of Wuxi, China-based Suntech Power
Holdings Corp., was the main operating subsidiary of the Suntech
Group in the Americas and its primary business purpose was acting
as an intermediary for marketing, selling and distributing Suntech
Group manufactured products.


SUPERIOR OFFSHORE: Former CFO's Suit vs. XL Remanded
----------------------------------------------------
The Court of Appeals of Texas, Fourteenth District, Houston, held
granted in part a trial court's judgment holding that XL Specialty
Insurance Company has not shown that it is entitled to summary
judgment on Roger Burks's breach of contract claim and remanded the
case to the trial court for further proceedings.
Burks was the Chief Financial Officer of Superior Offshore
International, Inc., which had obtained a directors and officers
insurance policy from XL.  Superior Offshore ultimately reorganized
through a Chapter 11 bankruptcy, and the plan agent sought to
recover property that the company transferred to Burks and to avoid
future obligations owed to him.

After XL denied Burks's request for defense expenses and coverage
under the D&O policy, Burks settled the plan agent's claim.

In this case, Burks sued XL for breach of the D&O contract, seeking
damages for his defense expenses and the amount of his settlement
with the plan agent.
XL moved for summary judgment on these grounds: (1) the plan
agent's claim was brought outside of the policy period for this
claims-made policy, and the claim was not interrelated with other
prior shareholder derivative actions; (2) XL had no duty to advance
defense expenses because there was no possibility of coverage for
the plan agent's claim, which sought disgorgement and was therefore
not covered by the policy's definition of "loss"; and (3) XL
similarly had no duty to indemnify Burks because the plan agent
sought disgorgement, which was not covered under the policy's
definition of "loss."

The trial court granted a final summary judgment in favour of XL
without specifying the grounds which Burks appealed from.

The case is ROGER D. BURKS, Appellant, v. XL SPECIALTY INSURANCE
COMPANY, Appellee, Case No. 14-14-00740-CV (Tex. App.).

A full text copy of the Opinion dated September 15, 2015, is
available at http://is.gd/FGuvw3from Leagle.com.

                      About Superior Offshore

Headquartered in Houston Texas, Superior Offshore International
Inc. (Nasdaq: DEEP) -- http://www.superioroffshore.com/--  
provided subsea construction and commercial diving services to the
offshore oil and gas industry.  Superior Offshore sought Chapter
11 protection (Bankr. S.D. Tex. Case No. 08-32590) on April 24,
2008.  The Debtor disclosed total assets of $67,587,927 and total
liabilities of $54,359,884 in its Schedules.  David Ronald Jones,
Esq., and Joshua Walton Wolfshohl, Esq., at Porter & Hedges LLP,
represented the Debtor as counsel.  H. Malcolm Lovett, Jr. was
appointed as Plan Agent.

The U.S. Trustee for Region 7 appointed five creditors to serve on
an Official Committee of Unsecured Creditors.  Douglas S. Draper,
Esq., at Heller Draper Hayden Patrick & Horn LLC, and Michael D.
Rubenstein, Esq., at Liskow Lewis, represented the Committee as
counsel.  The company's chapter 11 plan of liquidation took effect
in February 2009 and the United States Court of Appeals blessed
the plan in December 2009.


TRANEN CAPITAL: Chapter 15 Case Summary
---------------------------------------
Chapter 15 Petitioners: Hadley J. Chilton and John J. Greenwood of
                        Baker Tilly (BVI) Limited, as Joint
                        Liquidators

Chapter 15 Debtor: Tranen Capital Alternative Investment Fund Ltd.

                   (in liquidation)

Chapter 15 Case No.: 15-12620

Type of Business: Insurance Market

Chapter 15 Petition Date: September 24, 2015

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

Judge: Hon. Sean H. Lane

Chapter 15 Petitioners'      Martin G. Bunin, Esq.
Counsel:                     ALSTON & BIRD LLP
                             90 Park Avenue
                             New York, NY 10016
                             Tel: 212 210-9492
                             Fax: 212 922-3892
                             Email: marty.bunin@alston.com

                                 - and -

                              William S. Sugden, Esq.
                              Jonathan T. Edwards, Esq.
                              ALSTON & BIRD LLP
                              1201 W. Peachtree St.
                              Atlanta, Georgia 30309-3424
                              Tel: 404-881-7000
                              Fax: 404-253-8235
                              Email: will.sugden@alston.com
                                     jonathan.edwards@alston.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $100 million to $500 million


VIRTUAL PIGGY: Issues $125,000 Unsecured Note
---------------------------------------------
Virtual Piggy, Inc. issued on Sept. 18, 2015, a $125,000 principal
amount unsecured promissory note to an accredited investor pursuant
to a Promissory Note Agreement.  The Investor also received a
two-year Warrant to purchase 25,000 shares of Company common stock
at an exercise price of $0.90 per share.

The Note bears interest at a rate of 10% per annum and matures on
the six month anniversary of the issuance date, or on such earlier
date that (i) the Company completes the closing of a specified
joint venture agreement or (ii) the Company completes the sale of
at least an additional $1 million of 10% Secured Convertible
Promissory Notes.  As an additional inducement, the Investor will
receive, on the Maturity Date, a commitment fee equal to 7.5% of
the original principal amount.

                 About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss of $9.65 million in 2014, a net
loss of $16 million in 2013 and a net loss of $12.03 million in
2012.

As of June 30, 2015, the Company had $1.6 million in total assets,
$5.2 million in total liabilities, all current, and a stockholders'
deficit of $3.5 million.

Morison Cogen LLP, in Bala Cynwyd, PA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's losses from
development stage activities raise substantial doubt about its
ability to continue as a going concern.



WAFERGEN BIO-SYSTEMS: Amends 2,000 Class A Units Prospectus
-----------------------------------------------------------
Wafergen Bio-Systems, Inc. has filed an amendment to its Form S-1
registration statement relating to the firm commitment public
offering of 2,000 Class A Units, with each Class A Unit consisting
of 3,077 shares of common stock and 1,538 warrants to purchase
shares of the Company's common stock (based on an assumed offering
price per common share of $3.25, which was the last reported sale
price of the Company's common stock on Sept. 21, 2015), together
with the shares of common stock underlying those warrants, at a
public offering price of $10,000 per Class A Unit.  Each warrant
included in the Class A Units entitles its holder to purchase one
share of common stock at an exercise price of $[*].

The Company amended the Registration Statement to delay its
effective date.

The Company is also offering to those purchasers, whose purchase of
Class A Units in this offering would result in the purchaser,
together with its affiliates and certain related parties,
beneficially owning more than 9.98% of the Company's outstanding
common stock following the consummation of this offering, the
opportunity to purchase, in lieu of Class A Units that would result
in ownership in excess of 9.98%, Class B Units, with each Class B
Unit consisting of one share of Series 2 Convertible Preferred
Stock, par value $0.001 per share, convertible into 3,077 shares of
common stock and 1,538 warrants to purchase shares of our common
stock (based on an assumed offering price per common share of
$3.25, which was the last reported sale price of the Company's
common stock on Sept. 21, 2015), together with the shares of common
stock underlying those shares of Series 2 Convertible Preferred
Stock and warrants, at a public offering price of $10,000 per Class
B Unit.  Each warrant included in the Class B Units entitles its
holder to purchase one share of common stock at an exercise price
of $[*].

The Company's common stock is currently traded on the Nasdaq
Capital Market under the symbol "WGBS."  On Sept. 21, 2015, the
closing price of the Company's common stock was $3.25 per share.

The Company does not intend to apply for listing of the shares of
preferred stock or warrants on any securities exchange or other
trading system.  The preferred stock and the warrants will be
issued in book-entry form pursuant to a preferred stock agency
agreement between the Company and Continental Stock Transfer &
Trust Company, as preferred stock agent, and a warrant agreement
between us and Continental Stock Transfer & Trust Company, as
warrant agent, respectively.

A copy of the Form S-1/A is available for free at:

                       http://is.gd/jAoe0Y

                    About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen Bio-systems reported a net loss of $10.7 million in 2014,
a net loss of $16.3 million in 2013 and a net loss of $8.97 million
in 2012.

As of June 30, 2015, the Company had $13.2 million in total assets,
$6.9 million in total liabilities and $6.3 million in total
stockholders' equity.



WALTER ENERGY: Bankruptcy Administrator Wants Fee Examiner
----------------------------------------------------------
BankruptcyData reported that Walter Energy and J. Thomas Corbett,
bankruptcy administrator for the Northern District of Alabama,
filed with the U.S. Bankruptcy Court a joint motion for order
appointing Direct Fee Review as the case's independent fee
examiner.

The motion explains, "The movants respectfully request that the
Court authorize the appointment of the fee examiner to audit the
professionals' fee applications. These Chapter 11 Cases are large
and complex, with two statutory committees, and require the
retention of numerous Professionals.  As of the date hereof, the
Court has approved the retention of at least 12 professionals
already.  

As a result, a significant number of fee applications will be filed
and will require review on a monthly, quarterly and final basis.
Appointment of an experienced and objective fee examiner will
ensure uniformity and efficiency of review, and will assist the
Bankruptcy Administrator and the Court with the compensation
approval process."

                       About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly  
traded "pure-play" metallurgical coal producer for the global
steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in
Birmingham,
Alabama on July 15, 2015.  The Debtors tapped Paul, Weiss,
Rifkind,
Wharton & Garrison as counsel; Bradley Arant Boult Cummings LLP,
as
co-counsel; Ogletree Deakins LLP, as labor and employment counsel;
Maynard, Cooper & Gale, P.C., as special counsel; Blackstone
Advisory Services, L.P., as investment banker; AlixPartners, LLP,
as financial advisor, and Kurtzman Carson Consultants LLC, as
claims and noticing agent.

Walter Energy disclosed total assets of $5.2 billion and total
debt
of $5 billion as of March 31, 2015.

J. Thomas Corbett, the bankruptcy administrator for the Northern
District of Alabama, has appointed 13 members to the official
committee of unsecured creditors, including Pension Benefit
Guaranty Corp. and Nelson Brothers, LLC.


XZERES CORP: Paul DeBruce Increases Stake to 28.5%
--------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Paul DeBruce disclosed that as of Sept. 22, 2015, he
beneficially owned 22,321,212 shares of common stock of Xzeres
Corp., which represents 28.48 percent of the shares outstanding.

To increase his ownership interest in the Company, Mr. DeBruce
acquired a total of 1,498,594 shares of Common Stock from other
shareholders of the Xzeres in a private transaction for an
aggregate purchase price of $107,898 ($0.072 per share), which
purchase price was paid by the reporting person in cash out of his
personal funds.

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

                      http://is.gd/hibBTV

                      About XZERES Corp.

Headquartered in Wilsonville, Oregon, XZERES Corp. designs,
develops, and markets distributed generation, wind power systems
for the small wind (2.5kW-100kW) market as well as power
management solutions.

Xzeres reported a net loss of $10.7 million on $4.4 million of
gross revenues for the year ended Feb. 28, 2015, compared to a net
loss of $9.5 million on $4 million of gross revenues for the year
ended Feb. 28, 2014.

As of May 31, 2015, the Company had $6.80 million in total assets,
$18.2 million in total liabilities, and a stockholders' deficit of
$11.4 million.

KLJ & Associates, LLP, in Edina, MN, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Feb. 28, 2015, citing that the Company has incurred losses
from operations, has negative working capital and is in need of
additional capital to grow its operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.



XZERES CORP: Ravago Holdings Reports 19.9% Stake as of Sept. 22
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Ravago Holdings America Inc. disclosed that as of Sept.
22, 2015, it beneficially owned 14,551,478 shares of common stock
of Xzeres Corp, which represents 19.99 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/COiUF4

                         About XZERES Corp.

Headquartered in Wilsonville, Oregon, XZERES Corp. designs,
develops, and markets distributed generation, wind power systems
for the small wind (2.5kW-100kW) market as well as power
management solutions.

Xzeres reported a net loss of $10.7 million on $4.4 million of
gross revenues for the year ended Feb. 28, 2015, compared to a net
loss of $9.5 million on $4 million of gross revenues for the year
ended Feb. 28, 2014.

As of May 31, 2015, the Company had $6.80 million in total assets,
$18.2 million in total liabilities, and a stockholders' deficit of
$11.4 million.

KLJ & Associates, LLP, in Edina, MN, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Feb. 28, 2015, citing that the Company has incurred losses
from operations, has negative working capital and is in need of
additional capital to grow its operations.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.



YRC WORLDWIDE: Amends Credit Agreements with Credit Suisse & RBS
----------------------------------------------------------------
YRC Worldwide Inc. and certain of its subsidiaries entered into the
following two amendments:

    (a) Amendment No. 2 to Credit Agreement, which amends the
        Credit Agreement, dated as of Feb. 13, 2014, as amended,
        by and among the Company, the lenders party thereto and
        Credit Suisse AG, Cayman Islands Branch as administrative
        agent; and

    (b) Amendment No. 1 to Loan and Security Agreement, which
        amends the Loan and Security Agreement, dated as of
        Feb. 13, 2014, by and among the Company, certain of the
        Company's subsidiaries party thereto, the lenders party
        thereto and RBS Citizens Business Capital, a division of
        RBS Asset Finance, Inc., a subsidiary of RBS Citizens,
        N.A., as agent.

The Amendments amend the relevant definition of "Change of Control"
in each applicable agreement to provide that the Company's board
members who are approved or nominated by incumbent directors will
be treated as continuing directors for purposes of whether there
has been a Change of Control of the Company.

                       About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported a net loss attributable to common
shareholders of $85.8 million in 2014, a net loss attributable to
common shareholders of $83.6 million in 2013 and a net loss
attributable to common shareholders of $140.4 million in 2012.

As of June 30, 2015, the Company had $1.9 billion in total assets,
$2.4 billion in total liabilities and a $445.2 million total
shareholders' deficit.

                            *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide Inc.
("YRCW") from Caa3 to B3, following the successful closing of its
refinancing transactions.

In the Jan. 31, 2014, edition of the TCR, Standard & Poor's
Ratings Services said that it raised its ratings on Overland Park,
Kansas-based less-than-truckload (LTL) trucker YRC Worldwide Inc.
(YRCW), including the corporate credit rating to 'CCC+' from
'CCC', and removed them from CreditWatch negative, where they were
placed on Jan. 10, 2014.  "The upgrades reflect YRCW's improved
liquidity position and minimal debt maturities as a result of its
proposed refinancing," said Standard & Poor's credit analyst Anita
Ogbara.



ZACHRY HOLDINGS: Moody's Affirms B1 Corporate Family Rating
-----------------------------------------------------------
Moody's Investors Service changed Zachry Holdings Inc.'s (Zachry)
outlook to positive from stable. At the same time, Moody's affirmed
the B1 corporate family rating, B1-PD probability of default rating
and the B2 rating on Zachry's senior unsecured notes. The change in
outlook reflects the recent improvement in Zachry's operating
results and credit metrics and the expectation this trend will
continue due to the company's substantial backlog of work.

The following ratings were affected in this rating action:

Outlook Actions:

Changed To Positive From Stable

Affirmations:

Probability of Default Rating, Affirmed B1-PD

Corporate Family Rating, Affirmed B1

$250 Million Senior Unsecured Notes due 2020, Affirmed B2 (LGD5)

RATINGS RATIONALE

The B1 corporate family rating reflects Zachry's relatively small
size, low margins and lack of geographic and end-market
diversification versus other rated engineering and construction
companies. The company is primarily focused on the cyclical
domestic energy sector and has little exposure to other end-markets
and geographic regions. Zachry's ratings are supported by the
company's relatively conservative financial policies, modest
leverage, ample interest coverage and strong backlog of work.
Zachry's adequate liquidity profile also supports its rating along
with a lack of near-term debt maturities.

Zachry's operating results are expected to improve substantially in
2015 as the company works on its $6.3 billion backlog of work. The
backlog is relatively secure since a few key large projects are
already in progress including two gas turbine power generating
units for Exelon Corporation (Baa2 stable) and joint venture
projects constructing three LNG liquefaction trains for Freeport
LNG and two polyethylene units for Chevron Phillips Chemical
Company (A2 stable). These projects have enabled the company to
achieve significantly improved operating results during the first
half of 2015 with revenues up about 45% to $1.6 billion and
adjusted EBITDA rising by around 33% to $92 million. As a result,
the company's credit metrics have strengthened with its adjusted
leverage ratio (Debt/EBITDA) declining to 2.6x and its interest
coverage ratio (EBITA/Interest Expense) rising to 3.3x as of June
2015.

Moody's expects the positive trends in Zachry's business to
continue as work progresses on key projects and for the company to
produce full year 2015 revenues of about $3 billion and adjusted
EBITDA in the range of $170 million to $190 million versus $2.4
billion in revenues and $134 million of adjusted EBITDA in 2014.
This should lead to a further strengthening in Zachry's credit
metrics with its adjusted leverage ratio declining to about 2.3x
and its interest coverage rising to about 4.0x. These metrics will
be strong for the company's rating and above our upside rating
triggers for leverage and coverage. Zachry will also be approaching
the upgrade thresholds of at least $3 billion in revenues and $125
million of EBITA, and could exceed these levels in 2016 if projects
progress as anticipated with no meaningful execution issues.

Zachry has a good liquidity profile and no debt maturities until
2018. The company had $406 million of cash and $108 of borrowing
availability on its $450 million senior secured revolving credit
facility as of June 2015. Zachry had $342 million of letters of
credit outstanding and no borrowings on the revolver, which is
mainly used for financial and performance letters of credit. The
company's cash balance rose by about $200 million during the first
half of 2015 due to advance payments on its large projects. Its
cash balance should remain elevated throughout 2015, but will
fluctuate based on the timing of payments.

An upgrade of Zachry's ratings could occur if the company maintains
a leverage ratio (Debt/EBITDA) below 4.0x and an interest coverage
ratio (EBITA/Interest Expense) above 2.5x while increasing its
scale by growing its revenues to at least $3 billion and its EBITA
to at least $125 million.

Negative rating pressure is unlikely in the near term, but could
develop if deteriorating operating results, debt financed
acquisitions or shareholder dividends result in funds from
operations (CF from operations before working capital changes)
declining below 20% of outstanding debt or cash & marketable
securities dropping below 40% of outstanding debt. A significant
reduction in borrowing availability or liquidity could also result
in a downgrade.

Headquartered in San Antonio, Texas, Zachry Holdings is a
domestically focused provider of engineering, procurement,
construction, turnaround and maintenance services. The company's
EPC business provides engineering, procurement and construction
services to the domestic midstream and downstream energy and power
sectors on both a cost reimbursable and lump sum basis. The
Turnarounds and Maintenance business performs maintenance, overhaul
and repair services for the refinery, chemical and petrochemical
sectors. The company generated $2.9 billion in revenues for the
trailing 12-month period ended June 30, 2015.




[*] Gaming Industry Continues to Face Challenges, Fitch Says
------------------------------------------------------------
Investors should view the recovery in the year-to-date gaming
across regional markets with caution, according to Fitch Ratings.

Fitch believes that regional gaming remains secularly challenged
and long-term growth will largely be flat and possibly slightly
negative despite the 2.2% gaming revenue growth year-to-date
through July.  Secular challenges include millennials' lower
propensity to gamble, baby boomers' less certain retirement
prospects, less robust growth in median wages, and a proliferation
of gambling alternatives.

Easy year-over-year comparisons along with more affordable gas
prices are masking these secular headwinds.  Looking at more static
states in terms of supply (PA, MI, MS, IA, and MO) gaming revenues
are up 3.2% year-to-date through July over 2014 same-period
revenues but are down 0.7% relative to the 2013 same-period
revenues.  The decline relative to 2013 would likely be steeper if
not for the lower gasoline prices, which declined by about
one-third in the first-half 2015 relative to first-half 2014 and
full-year 2013 prices.  (Gasoline makes up 3%-4% of personal
consumption spending.)

Positive U.S. economic indicators are encouraging despite our
longer term cautious view.  The improving indicators, should they
be sustained, will support the credit profiles of regional gaming
issuers given their relatively healthy operator balance sheets and
free cash flows (FCFs).  Gaming operators continue to sound
optimistic on their earnings calls saying that the consumer is
looking stronger and are finding further efficiencies resulting in
solid EBITDA flow throughs.

However, another downturn could be especially problematic for
operating companies that sold or spun off their assets and now are
obligated to make lease payments for right to operate these assets.
The lease payments taken together with maintenance capex increase
these companies' operating leverage, making their FCF especially
susceptible to operating pressure.

Slot suppliers are more of a focus versus operators given the
former's more acute exposure to regional secular pressures relative
to the operators and, in some instances, higher leverage. Still, we
believe slot suppliers' positive FCFs, good liquidity, and
increased diversification should keep defaults at bay, at least in
the near-to-medium term.

Additional information can be found in Fitch Ratings' Gaming,
Lodging, and Leisure (GLL) electronic newsletter including brief
sector comments, recent/upcoming events, and links/summaries to
rating actions and detailed reports.



[*] GAO Report Tackles Atty. Fee Guidelines, Venue for Large Cases
------------------------------------------------------------------
What GAO Found

GAO's analysis of U.S. Trustee Program (USTP) data and interviews
with bankruptcy stakeholders including Assistant U.S. Trustees
(AUST), selected bankruptcy judges, and attorneys indicate that
attorneys' fee applications for cases subject to the USTP's 2013
fee guidelines (cases involving assets and liabilities each of $50
million or more) have generally contained the information requested
by the guidelines. This information is intended to assist the
courts in determining whether requested fees are reasonable and
necessary.

Specifically, in the data GAO reviewed, the USTP identified no
issues in submitted fee applications in 47 of the 94 cases filed
since the guidelines went into effect in November 2013. Attorneys
resolved almost all of the issues in the other 47 cases by
providing an explanation or additional information.

Bankruptcy stakeholders had mixed perspectives of the overall value
of the guidelines and of their potential effect on the efficiency
and transparency of the Chapter 11 bankruptcy process, or the fees
awarded. Similarly, opinions regarding the effect of specific
provisions of the 2013 guidelines also varied by group.

For example, 15 of 18 AUSTs said the provision requesting that
attorneys provide budgets was likely to have a positive effect on
the fee review process, while 10 of 14 attorneys said it was
unlikely to have an effect. For example, stakeholders with a
positive view said the budgeting provision encourages early
communication in a case, while those with a negative view said that
the unpredictability of bankruptcy cases limit the value of a
budget.

Bankruptcy attorneys and judges GAO interviewed and academic
research identify several factors that contribute to venue
selection -- the process of choosing where to file. Companies
filing for bankruptcy have several options available to them when
determining the venue, or court, in which to file their case,
including their place of incorporation, principal place of business
or assets, or where an affiliate has filed a Chapter 11 case. The
most frequently cited factors -- prior court rulings, the
preferences of lenders, and judge experience -- all contribute to
overall predictability in a case and can provide some insights into
what to expect from a court as a case proceeds through the
bankruptcy process.

For example, knowing a judge's level of experience with large cases
and how a court has ruled on certain matters can help an attorney
advise a client about how a court is likely to respond to issues in
a specific case. Eight of the 39 attorneys and judges GAO
interviewed cited perceived court attitudes on professional fees as
a significant factor in venue selection.

Approximately 61 percent of large Chapter 11 bankruptcy cases filed
since October 2009 were filed in two jurisdictions -- the Southern
District of New York (SDNY) and the District of Delaware
(Delaware). Bankruptcy attorneys and judges and academic research
identified both positive and negative effects of the concentration
of cases in these two jurisdictions.

The positive effect most commonly cited by attorneys and judges was
the significant large case experience developed by judges in the
SDNY and Delaware.

In contrast, the negative effects most commonly cited by attorneys
were the difficulty local bankruptcy firms face in maintaining a
bankruptcy practice outside of the SDNY and Delaware and the lack
of opportunity for courts outside of these jurisdictions to develop
precedent and expertise.

Why GAO Did This Study

Since 2010, there have been at least 765 Chapter 11 bankruptcy
filings by large companies. The associated fees for bankruptcy
professionals, including attorneys, can run into the hundreds of
millions of dollars. The size of these fees has raised questions
about whether professionals have charged a premium for large
bankruptcies and used the venue selection process to file in courts
where they believed they would receive higher fees. The USTP, a
Department of Justice component, is responsible for, among other
things, reviewing whether fees requested by professionals in
bankruptcy cases are reasonable and necessary in accordance with
the Bankruptcy Code. In 2013, the USTP issued new guidelines
governing its review of attorney fee applications in large Chapter
11 cases.

GAO was asked to review the USTP's 2013 guidelines. This report
examines (1) the extent to which fee applications observed the 2013
guidelines and bankruptcy stakeholders' opinions regarding the
guidelines' key provisions and their effects, and (2) what
bankruptcy stakeholders and available research identify as
contributing factors and effects of venue selection in large
Chapter 11 cases. GAO conducted 57 nongeneralizable interviews with
bankruptcy judges, attorneys, and AUSTs in 15 bankruptcy court
jurisdictions responsible for large Chapter 11 cases. GAO also
reviewed USTP data and court documents on cases subject to the 2013
guidelines, and relevant academic literature on professional fees
and venue selection. The USTP generally agreed with GAO's
findings.

A copy of the GAO report is available at http://is.gd/wDzrAl

For more information, contact David C. Maurer at (202) 512-9627 or
MaurerD@gao.gov.


[*] Iron Horse to Conduct Bankruptcy Auction Assets Until Oct. 19
-----------------------------------------------------------------
Iron Horse Auction Company of Rockingham, NC, on Sept. 25 disclosed
that it is conducting an online bankruptcy auction of the real
property, personal property, fixtures, guns, pawn contracts,
layaway and gun loans for two area Charlotte Pawn Shops that ends
Monday, Oct. 19, 2015 at 1:00 p.m. for the Real Estate, Fixtures,
Layaways & Pawn Contracts & 2:00 p.m. for all other Personal
Property.

The Commercial Building and some of the pawn contracts to be sold
is located at 4001 Tuckaseegee Rd., Charlotte, NC and is Subject to
Bankruptcy Court Approval.  The location of the other pawn
contracts and all other personal property is 1413 Central Ave.,
Charlotte, NC.

The personal property includes; Firearms, Tools, Jewelry,
Televisions, Bikes, Knives, Ammo, Sporting Goods, Video Gaming
Systems, Computers and Much More.  The real estate and all other
properties are selling for the U.S. Bankruptcy Court for The
Western District of North Carolina Division – Case 15-31328.

Sonny Weeks of Iron Horse states, "Exceptional opportunity to
purchase Commercial Real Estate, Pawn Loans, Firearms and Assorted
Personal Property in Charlotte, NC.  Pawn Dealers and Commercial
Real Estate Investors may never get this rare opportunity again."

For further information or see the current bids, go to
http://www.ironhorseauction.com/or call: 800-997-2248  

For interviews, contact:

         Sonny Weeks at 704-200-3201
         Iron Horse Auction Company, Inc.
         174 Airport Road
         Rockingham, NC 28379
         Tel: 910-997-2248
         http://www.ironhorseauction.com



[^] BOND PRICING: For the Week from Sept. 21 to 25, 2015
--------------------------------------------------------
  Company             Ticker  Coupon   Bid Price  Maturity Date
  -------             ------  ------   ---------  -------------
ACE Cash Express Inc  AACE    11.000    36.000         2/1/2019
ACE Cash Express Inc  AACE    11.000    38.500         2/1/2019
AM Castle & Co        CAS      7.000    59.000       12/15/2017
Affinion
  Investments LLC     AFFINI  13.500    50.000        8/15/2018
Alpha Appalachia
  Holdings Inc        ANR      3.250     4.000         8/1/2015
Alpha Natural
  Resources Inc       ANR      6.000     4.000         6/1/2019
Alpha Natural
  Resources Inc       ANR      9.750     4.250        4/15/2018
Alpha Natural
  Resources Inc       ANR      6.250     4.000         6/1/2021
Alpha Natural
  Resources Inc       ANR      7.500     7.250         8/1/2020
Alpha Natural
  Resources Inc       ANR      3.750     3.000       12/15/2017
Alpha Natural
  Resources Inc       ANR      4.875     3.000       12/15/2020
Alpha Natural
  Resources Inc       ANR      7.500     7.000         8/1/2020
Alpha Natural
  Resources Inc       ANR      7.500    25.500         8/1/2020
American Eagle
  Energy Corp         AMZG    11.000    18.875         9/1/2019
American Eagle
  Energy Corp         AMZG    11.000    18.875         9/1/2019
Arch Coal Inc         ACI      7.000     6.520        6/15/2019
Arch Coal Inc         ACI      7.250     6.035        6/15/2021
Arch Coal Inc         ACI      9.875    10.000        6/15/2019
Arch Coal Inc         ACI      7.250    12.750        10/1/2020
Arch Coal Inc         ACI      8.000    12.750        1/15/2019
Arch Coal Inc         ACI      8.000     9.600        1/15/2019
BPZ Resources Inc     BPZR     8.500     8.000        10/1/2017
BPZ Resources Inc     BPZR     6.500     8.000         3/1/2015
BPZ Resources Inc     BPZR     6.500    10.625         3/1/2049
Caesars
  Entertainment
  Operating Co Inc    CZR     10.000    32.500       12/15/2018
Caesars
  Entertainment
  Operating Co Inc    CZR     12.750    32.500        4/15/2018
Caesars
  Entertainment
  Operating Co Inc    CZR     10.750    28.250         2/1/2016
Caesars
  Entertainment
  Operating Co Inc    CZR      6.500    36.660         6/1/2016
Caesars
  Entertainment
  Operating Co Inc    CZR     10.000    34.375       12/15/2018
Caesars
  Entertainment
  Operating Co Inc    CZR      5.750    40.000        10/1/2017
Caesars
  Entertainment
  Operating Co Inc    CZR     10.000    32.125       12/15/2018
Caesars
  Entertainment
  Operating Co Inc    CZR     10.000    32.125       12/15/2018
Caesars
  Entertainment
  Operating Co Inc    CZR      5.750    12.250        10/1/2017
Caesars
  Entertainment
  Operating Co Inc    CZR     10.750    28.000         2/1/2016
Caesars
  Entertainment
  Operating Co Inc    CZR     10.000    33.375       12/15/2018
Cal Dive
  International Inc   CDVI     5.000     0.010        7/15/2017
Champion
  Enterprises Inc     CHB      2.750     0.250        11/1/2037
Chaparral Energy Inc  CHAPAR   9.875    32.750        10/1/2020
Chassix Holdings Inc  CHASSX  10.000     8.000       12/15/2018
Chassix Holdings Inc  CHASSX  10.000     8.000       12/15/2018
Claire's Stores Inc   CLE      8.875    40.900        3/15/2019
Claire's Stores Inc   CLE      7.750    31.500         6/1/2020
Claire's Stores Inc   CLE     10.500    67.000         6/1/2017
Claire's Stores Inc   CLE      7.750    34.375         6/1/2020
Cliffs Natural
  Resources Inc       CLF      5.950    53.100        1/15/2018
Colt Defense LLC /
  Colt Finance Corp   CLTDEF   8.750    15.000       11/15/2017
Colt Defense LLC /
  Colt Finance Corp   CLTDEF   8.750    10.625       11/15/2017
Colt Defense LLC /
  Colt Finance Corp   CLTDEF   8.750    10.625       11/15/2017
Community Choice
  Financial Inc       CCFI    10.750    31.750         5/1/2019
Comstock
  Resources Inc       CRK      7.750    27.000         4/1/2019
Comstock
  Resources Inc       CRK      9.500    30.750        6/15/2020
Constellation
  Enterprises LLC     CONENT  10.625    84.500         2/1/2016
Constellation
  Enterprises LLC     CONENT  10.625    85.625         2/1/2016
Dendreon Corp         DNDN     2.875    71.625        1/15/2016
EPL Oil & Gas Inc     EXXI     8.250    28.000        2/15/2018
EXCO Resources Inc    XCO      7.500    34.000        9/15/2018
Emerald Oil Inc       EOX      2.000    26.750         4/1/2019
Endeavour
  International Corp  END     12.000     9.250         3/1/2018
Endeavour
  International Corp  END     12.000     9.250         3/1/2018
Endeavour
  International Corp  END     12.000     9.250         3/1/2018
Energy & Exploration
  Partners Inc        ENEXPR   8.000    15.500         7/1/2019
Energy & Exploration
  Partners Inc        ENEXPR   8.000    15.250         7/1/2019
Energy Conversion
  Devices Inc         ENER     3.000     7.875        6/15/2013
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc    TXU     10.000     1.850        12/1/2020
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc    TXU     10.000     1.875        12/1/2020
Energy Future
  Intermediate
  Holding Co LLC /
  EFIH Finance Inc    TXU      6.875     1.875        8/15/2017
Energy XXI
  Gulf Coast Inc      EXXI     9.250    26.475       12/15/2017
Energy XXI Gulf
  Coast Inc           EXXI     7.500    17.900       12/15/2021
Energy XXI Gulf
  Coast Inc           EXXI     6.875    18.375        3/15/2024
Energy XXI Gulf
  Coast Inc           EXXI     7.750    21.750        6/15/2019
FBOP Corp             FBOPCP  10.000     1.843        1/15/2009
FairPoint
  Communications
  Inc/Old             FRP     13.125     1.879         4/2/2018
Federal Farm
  Credit Banks        FFCB     1.790    99.218       10/22/2019
Fleetwood
  Enterprises Inc     FLTW    14.000     3.557       12/15/2011
GT Advanced
  Technologies Inc    GTAT     3.000    18.625        10/1/2017
GT Advanced
  Technologies Inc    GTAT     3.000    28.500       12/15/2020
Getty Images Inc      GYI      7.000    30.500       10/15/2020
Getty Images Inc      GYI      7.000    41.000       10/15/2020
Goodrich
  Petroleum Corp      GDP      8.875    18.688        3/15/2019
Goodrich
  Petroleum Corp      GDP      5.000    20.250        10/1/2032
Goodrich
  Petroleum Corp      GDP      8.875    19.250        3/15/2019
Goodrich
  Petroleum Corp      GDP      8.875    19.250        3/15/2019
Gymboree Corp/The     GYMB     9.125    30.250        12/1/2018
Halcon
  Resources Corp      HKUS     9.750    35.070        7/15/2020
Halcon
  Resources Corp      HKUS     8.875    31.500        5/15/2021
Hercules
  Offshore Inc        HERO     8.750    56.834        7/15/2021
Hercules
  Offshore Inc        HERO     6.750    27.250         4/1/2022
Hercules
  Offshore Inc        HERO    10.250    20.375         4/1/2019
Hercules
  Offshore Inc        HERO     7.500    18.500        10/1/2021
Hercules
  Offshore Inc        HERO     8.750    18.875        7/15/2021
Hercules
  Offshore Inc        HERO     7.500    18.500        10/1/2021
Hercules
  Offshore Inc        HERO    10.250    20.375         4/1/2019
Hercules
  Offshore Inc        HERO     6.750    18.500         4/1/2022
ION
  Geophysical Corp    IO       8.125    52.519        5/15/2018
Las Vegas
  Monorail Co         LASVMC   5.500     1.026        7/15/2019
Lehman Brothers
  Holdings Inc        LEH      5.000     7.750         2/7/2009
Lehman Brothers
  Holdings Inc        LEH      4.000     7.750        4/30/2009
Lehman Brothers Inc   LEH      7.500     5.000         8/1/2026
Linn Energy LLC /
  Linn Energy
  Finance Corp        LINE     8.625    28.329        4/15/2020
Linn Energy LLC /
  Linn Energy
  Finance Corp        LINE     6.500    30.125        5/15/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp        LINE     6.250    29.000        11/1/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp        LINE     7.750    26.905         2/1/2021
Linn Energy LLC /
  Linn Energy
  Finance Corp        LINE     6.500    26.000        9/15/2021
Linn Energy LLC /
  Linn Energy
  Finance Corp        LINE     6.250    28.250        11/1/2019
Linn Energy LLC /
  Linn Energy
  Finance Corp        LINE     6.250    28.250        11/1/2019
Logan's
  Roadhouse Inc       LGNS    10.750    63.000       10/15/2017
MF Global
  Holdings Ltd        MF       6.250    15.375         8/8/2016
MF Global
  Holdings Ltd        MF       3.375    15.375         8/1/2018
MF Global
  Holdings Ltd        MF       9.000    15.375        6/20/2038
MModal Inc            MODL    10.750    10.125        8/15/2020
Magnetation LLC /
  Mag Finance Corp    MAGNTN  11.000    17.750        5/15/2018
Magnetation LLC /
  Mag Finance Corp    MAGNTN  11.000    17.750        5/15/2018
Magnetation LLC /
  Mag Finance Corp    MAGNTN  11.000    17.750        5/15/2018
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC    MPO     10.750    24.750        10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC    MPO      9.250    27.500         6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC    MPO     10.750    24.375        10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC    MPO     10.750    24.375        10/1/2020
Molycorp Inc          MCP     10.000     5.750         6/1/2020
Molycorp Inc          MCP      5.500     0.550         2/1/2018
New Gulf
  Resources LLC/
  NGR Finance Corp    NGREFN  12.250    31.250        5/15/2019
New Gulf
  Resources LLC/
  NGR Finance Corp    NGREFN  12.250    31.000        5/15/2019
New Gulf
  Resources LLC/
  NGR Finance Corp    NGREFN  12.250    30.125        5/15/2019
Nine West
  Holdings Inc        JNY      6.875    30.498        3/15/2019
Noranda Aluminum
  Acquisition Corp    NOR     11.000    33.870         6/1/2019
OMX Timber Finance
  Investments II LLC  OMX      5.540    17.500        1/29/2020
Peabody Energy Corp   BTU      6.000    27.250       11/15/2018
Peabody Energy Corp   BTU      6.250    21.000       11/15/2021
Peabody Energy Corp   BTU      6.500    21.000        9/15/2020
Peabody Energy Corp   BTU      4.750    11.000       12/15/2041
Peabody Energy Corp   BTU      7.875    21.712        11/1/2026
Peabody Energy Corp   BTU     10.000    30.560        3/15/2022
Peabody Energy Corp   BTU      6.000    26.125       11/15/2018
Peabody Energy Corp   BTU      6.250    20.125       11/15/2021
Peabody Energy Corp   BTU      6.000    26.125       11/15/2018
Peabody Energy Corp   BTU      6.250    20.125       11/15/2021
Penn Virginia Corp    PVA      8.500    28.750         5/1/2020
Penn Virginia Corp    PVA      7.250    28.750        4/15/2019
Powerwave
  Technologies Inc    PWAV     2.750     0.125        7/15/2041
Powerwave
  Technologies Inc    PWAV     1.875     0.125       11/15/2024
Powerwave
  Technologies Inc    PWAV     1.875     0.125       11/15/2024
Quicksilver
  Resources Inc       KWKA     9.125     6.625        8/15/2019
Quicksilver
  Resources Inc       KWKA    11.000     6.250         7/1/2021
Quiksilver Inc /
  QS Wholesale Inc    ZQK     10.000     8.750         8/1/2020
Rolta LLC             RLTAIN  10.750    50.625        5/16/2018
Sabine Oil &
  Gas Corp            SOGC     7.250    15.000        6/15/2019
Sabine Oil &
  Gas Corp            SOGC     9.750    12.000        2/15/2017
Sabine Oil &
  Gas Corp            SOGC     7.500    14.750        9/15/2020
Sabine Oil &
  Gas Corp            SOGC     7.500    14.625        9/15/2020
Sabine Oil &
  Gas Corp            SOGC     7.500    14.625        9/15/2020
Samson Investment Co  SAIVST   9.750     1.000        2/15/2020
SandRidge
  Energy Inc          SD       7.500    22.500        3/15/2021
SandRidge
  Energy Inc          SD       8.750    15.000        1/15/2020
SandRidge
  Energy Inc          SD       8.125    22.875       10/15/2022
SandRidge
  Energy Inc          SD       7.500    22.323        2/15/2023
SandRidge
  Energy Inc          SD       7.500    29.253        2/16/2023
SandRidge
  Energy Inc          SD       8.125    29.976       10/16/2022
SandRidge
  Energy Inc          SD       7.500    24.000        3/15/2021
SandRidge
  Energy Inc          SD       7.500    24.000        3/15/2021
Savient
  Pharmaceuticals
  Inc                 SVNT     4.750     0.225         2/1/2018
Sequa Corp            SQA      7.000    52.250       12/15/2017
Sequa Corp            SQA      7.000    52.000       12/15/2017
SquareTwo
  Financial Corp      SQRTW   11.625    61.845         4/1/2017
Swift Energy Co       SFY      7.875    26.000         3/1/2022
Swift Energy Co       SFY      7.125    28.191         6/1/2017
Swift Energy Co       SFY      8.875    27.053        1/15/2020
TMST Inc              THMR     8.000    16.500        5/15/2013
Terrestar
  Networks Inc        TSTR     6.500    10.000        6/15/2014
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc         TXU     11.500    39.500        10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc         TXU     15.000    15.500         4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc         TXU     10.500    15.250        11/1/2016
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc         TXU     11.500    41.800        10/1/2020
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc         TXU     15.000    15.000         4/1/2021
Texas Competitive
  Electric Holdings
  Co LLC / TCEH
  Finance Inc         TXU     10.500    13.875        11/1/2016
US Shale
  Solutions Inc       SHALES  12.500    20.500         9/1/2017
Venoco Inc            VQ       8.875    20.500        2/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     11.750    21.887        1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     11.750    29.900        1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     11.750    16.625        1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     11.375    49.250         8/1/2016
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     13.000    13.500         8/1/2020
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS      8.750    14.000         2/1/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     13.000    13.500         8/1/2020
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     11.750    27.250        1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     11.750    16.000        1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     11.750    79.000        1/15/2019
Verso Paper
  Holdings LLC /
  Verso Paper Inc     VRS     11.750    27.250        1/15/2019
Walter Energy Inc     WLTG     9.500    37.125       10/15/2019
Walter Energy Inc     WLTG     9.875     1.250       12/15/2020
Walter Energy Inc     WLTG     9.500    49.500       10/15/2019
Walter Energy Inc     WLTG     9.500    36.750       10/15/2019
Walter Energy Inc     WLTG     9.500    36.750       10/15/2019
Warren
  Resources Inc       WRES     9.000    30.250         8/1/2022
Warren
  Resources Inc       WRES     9.000    27.625         8/1/2022
Warren
  Resources Inc       WRES     9.000    27.625         8/1/2022
iHeartCommunications
  Inc                 IHRT    10.000    55.590        1/15/2018
iHeartCommunications
  Inc                 IHRT    10.000    74.438        1/15/2018
iHeartCommunications
  Inc                 IHRT    10.000    57.375        1/15/2018


                            *********

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 ***