TCR_Public/151105.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, November 5, 2015, Vol. 19, No. 309

                            Headlines

ALPHA NATURAL: Noteholders File Supplemental 2019 Statement
AMERICAN AIRLINES: Order Disallowing L. Meadows' Claims Affirmed
AMERICAN INT'L: CEO Rebuffs Idea of Breaking Up Company
AMERICAN MANAGED CARE: Chapter 11 Plan Has Effective Date
AMERICAN POWER: G. Ho Reports Beneficial Ownership of 31.8M Shares

AMERICOLD REALTY: Moody's Assigns B3 CFR; Outlook Stable
AMERICOLD REALTY: S&P Assigns 'B+' CCR; Outlook Stable
ASR CONSTRUCTORS: Plan Outline Hearing Moved to Dec. 1 Amid Deal
ASSOCIATED WHOLESALERS: Gets Court Approval to Sell Co-Op Assets
ATLANTIC & PACIFIC: Angelone Seeks Reserve of Store No. 15 Proceeds

ATLANTIC & PACIFIC: Seeks Approval of $22M Sale of 2 Stores
ATLANTIC & PACIFIC: Seeks Approval of $465K Sale of Acquired Assets
BIONITROGEN HOLDINGS: Case Summary & 20 Top Unsecured Creditors
BIONITROGEN HOLDINGS: Files Chapter 11 Bankruptcy Petition
BOOMERANG TUBE: Points to Welch Ruling to Address SBBT Dispute

BOONE COUNTY: Dismissal of Branham Corp. Suit Affirmed
BUCKSPORT GENERATION: Case Summary & 9 Largest Unsecured Creditors
CAESARS ENTERTAINMENT: Amended Disclosure Statement Filed
CAESARS ENTERTAINMENT: Noteholders Say Kirkland Misled Court
CCS INTERMEDIATE: Moody's Cuts CFR to Caa1 as Covenant Waiver Looms

CCS INTERMEDIATE: Moody's Lowers CFR to Caa1; Outlook Stable
CHARLES COWIN: Secured Debts Non-Dischargeable, Court Says
CNH INDUSTRIAL: S&P Assigns 'BB' Rating on Proposed Sr. Notes
COYNE INTERNATIONAL: Sells Business Operations for $43.5 Million
CROSBY US: Moody's Lowers CFR to B3; Outlook Stable

CROWN MEDIA: Posts $8.65 Million Net Income for Third Quarter
CULLMAN REGIONAL: Moody's Affirms Ba1 Rating on Series 2009A Bonds
DALTON PROPERTIES: Voluntary Chapter 11 Case Summary
EAGLE ROCK: S&P Raises CCR to 'B+' After Closing of Vanguard Deal
EDGEN GROUP: S&P Lowers CCR to 'B' then Withdraws Rating

ENERGY CONVERSION: Clark Hill Fee Application Granted in Part
ENERGY FUTURE: Enters Last Phase of Bankruptcy
ESTMORELAND COAL: J. Gendell Reports 8.3% Stake as of Oct. 23
EXCO RESOURCES: S&P Lowers CCR to 'SD' on Note Repurchase
EXECUTIVE TITLE: Celtic Bank Case Against Non-Debtor Can Proceed

FAIRWAY GROUP: S&P Lowers CCR to 'CCC+'; Outlook Negative
FAMILY CHRISTIAN: Plan Administrator Seeks to Close 2 Cases
FOUNDATION HEALTHCARE: Posts $339,000 Net Income for 3rd Quarter
FREDDIE MAC: Won't Seek U.S. Aid After First Loss Since 2011
GELTECH SOLUTIONS: Borrows $200,000 From Reger

GENWORTH MORTGAGE: Moody's Puts Ba1 Rating on Review for Upgrade
GEOMET INC: Incurs $3.8 Million Net Loss in Third Quarter
GR ROGUEWOOD: Case Summary & 20 Largest Unsecured Creditors
HENKEL TRUCKING: Case Summary & 20 Largest Unsecured Creditors
HERCULES OFFSHORE: Fleet Status Report Filed

IDEAL MORTGAGE: Global Appraisal Claims Disallowed
INDUSTRIAL ENTERPRISES: Esposito Bid to Revoke Plan Order Denied
INSITE VISION: Closes Merger with Sun Pharmaceutical
KRISHNA ASSOCIATES: Voluntary Chapter 11 Case Summary
LAND VENTURES: Magistrate Judge Cannot Decide on Malpractice Suit

LEONARD DIAS PC: Trustee's Motion to Dismiss Ch. 7 Case Denied
LPL HOLDINGS: S&P Assigns 'BB-' Rating on Proposed Sr. Sec. Loan
MANHATTAN 335 TOWER: Case Summary & 20 Top Unsecured Creditors
MEDASSETS INC: Moody's Puts B1 CFR on Review for Downgrade
MIDWEST QUALITY: Case Summary & 20 Largest Unsecured Creditors

MIG LLC: Complaint Filed vs. Shenton Park to Stop BVI Liquidation
MOLYCORP: Committee Extends Challenge Period to Nov. 20
MOSAICA EDUCATION: Huron Completes Sale of Assets to Pansophic
NORTEL NETWORKS: Files Rule 2015.3 Periodic Report
NORTEL NETWORKS: Legal Fees for Bankruptcy Top C$2 Billion

OAKFABCO INC: Court Vacates Asbestos Claims Bar Date Order
OAKFABCO INC: Has Until Dec. 5 to File Chapter 11 Plan
OAKFABCO INC: Logan & Company Okayed as Claims and Noticing Agent
PASSPORT POTASH: Has Until November 29 to Cure Debenture Default
PATRIOT COAL: Ruling Against Former Eastern Workers Affirmed

PLYMOUTH ADVENTURE: Voluntary Chapter 11 Case Summary
POTOMAC SUPPLY: Ruling on Failure to Notify APA Termination Flipped
PREFERRED ROOFING: Case Summary & 20 Largest Unsecured Creditors
PREMIER PEST: Bid to Extend Automatic Stay Denied
PUERTO RICO ELECTRIC: Forbearance Agreement Extended to Nov. 5

PWK TIMBERLAND: Withdrawing Members' Summary Judgment Bid Denied
QUICKSILVER RESOURCES: Hires FTI Consulting to Provide CRO
QUICKSILVER RESOURCES: Hires Peter J Solomon as Investment Banker
QUICKSILVER RESOURCES: Swings to $122M Net Loss in Q3
REICHHOLD HOLDINGS: ACE Companies Want Changes to Plan Outline

RELATIVITY MEDIA: Judge Overturns TRO on VII Peaks' Bank Accounts
RICHARD DEMONBREUN: Dismissal of Suit for Unpaid Fees Reversed
SABINE OIL: Bracewell & Giuliani Files Rule 2019 Statement
SABINE OIL: UNOCAL's Indemnity Claim Remains in Bankruptcy Court
SANDRA BERCOVITZ: Court Refuses to Confirm Amended Ch. 11 Plan

SANDY HILLS: Sanction for Automatic Stay Violation Affirmed
SCIENTIFIC GAMES: Amends Agreement with Executive Vice Chairman
SCIENTIFIC GAMES: Extends CEO's Employment Until 2018
SHAW FAMILY ARCHIVES: Suit Over 1994 Settlement Partially Dismissed
SIGA TECHNOLOGIES: Posts $5.6M Net Loss for 3rd Quarter

SRP PLAZA: Disclosure Statement Hearing Moved to Nov. 17
STAR GAS: S&P Affirms 'B+' CCR then Withdraws Rating
TARGA RESOURCES: Moody's Affirms Ba1 CFR; Outlook Stable
TARGA RESOURCES: S&P Affirms 'B+' CCR & Puts on CreditWatch Pos.
TEMPLE UNIVERSITY: Moody's Affirms Ba2 Rating; Outlook Developing

TENET HEALTHCARE: Incurs $29 Million Net Loss in Third Quarter
TIDAL WAVE FITNESS: Case Summary & 20 Top Unsecured Creditors
UNIVERSAL HEALTH: Chapter 11 Plan Has Effective Date
UNIVERSAL HEALTH: Settlement with BankUnited Approved
VANGUARD NATURAL: S&P Affirms 'B+' CCR & Removes from Watch Pos.

VANTAGE DRILLING: S&P Slashes CCR to 'D' on Missed Payment
VERITAS BERMUDA: S&P Assigns Prelim. 'B' CCR; Outlook Stable
WARREN RESOURCES: Debt Swap Prompts Moody's to Cut CFR to 'Ca'
WEATHERFORD INTERNATIONAL: S&P Lowers CCR to 'BB+'; Outlook Stable
ZUCKER GOLDBERG: McCarter & English Approved as Panel's Counsel

[*] Cohen & Grigsby Bankruptcy Practice Gets Best Law Firms Ranking
[*] Liquidity Stress Index Moves Higher, Moody's Says
[*] Suzanne Koenig Joins Summit Healthcare's Board of Directors
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

ALPHA NATURAL: Noteholders File Supplemental 2019 Statement
-----------------------------------------------------------
A group of second lien noteholders filed a supplemental statement
to disclose that as of Oct. 7, 2015, Kutak Rock LLP also represents
the Commonwealth of Virginia Department of Transportation in
connection with the Chapter 11 cases of Alpha Natural Resources
Inc. and its affiliates.

Kutak Rock was hired earlier by the group's legal counsel, Kirkland
& Ellis LLP, as local counsel in connection with the companies'
bankruptcy cases.

The noteholders said that Kutak Rock's representation of the
government agency does not present a conflict for the
Richmond-based law firm in connection with its representation of
the group.

The noteholders made the disclosure pursuant to Rule 2019 of the
Federal Rules of Bankruptcy Procedure.

                       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.


AMERICAN AIRLINES: Order Disallowing L. Meadows' Claims Affirmed
----------------------------------------------------------------
Lawrence Meadows appeals an order of the United States Bankruptcy
Court for the Southern District of New York dated September 5,
2014, granting AMR Corporation's objections and disallowing as
untimely three amended proofs of claim he filed.  The Bankruptcy
Court determined that the amended claims -- filed eight, eighteen,
and twenty months after the bar date -- did not relate back to
Meadows's sole timely proof of claim.

In an Opinion and Order dated October 8, 2015, a full-text copy of
which is available at http://is.gd/TbgPT3from Leagle.com, Judge
Paul A. Crotty of the United States District Court for the Southern
District of New York affirmed the Bankruptcy Court's Order.

The case is captioned LAWRENCE M. MEADOWS, Appellant, v. AMR
CORPORATION, et al. Appellees, NO. 14 CIV. 8708(PAC)(S.D.N.Y.).

Lawrence M. Meadows, Appellant, Pro Se.

AMR Corporation, Appellee, represented by:

          Stephen Andrew Youngman, Esq.
          WEIL, GOTSHAL & MANGES LLP
          767 Fifth Avenue
          New York, NY 10153-0119
          Phone: (212) 310-8000
          Email: stephen.youngman@weil.com

                  About American Airlines

AMR Corp. and its subsidiaries including American Airlines, the
third largest airline in the United States, filed for bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 11-15463) in Manhattan
on Nov. 29, 2011, after failing to secure cost-cutting labor
agreements.

AMR, previously the world's largest airline prior to mergers by
other airlines, is the last of the so-called U.S. legacy airlines
to seek court protection from creditors.

American Airlines, American Eagle and the AmericanConnection
carrier serve 260 airports in more than 50 countries and
territories with, on average, more than 3,300 daily flights.  The
combined network fleet numbers more than 900 aircraft.

The Company reported a net loss of $884 million on $18.02 billion
of total operating revenues for the nine months ended Sept. 30,
2011.  AMR recorded a net loss of $471 million in the year 2010, a
net loss of $1.5 billion in 2009, and a net loss of $2.1 billion
in 2008.

AMR's balance sheet at Sept. 30, 2011, showed $24.72 billion
in total assets, $29.55 billion in total liabilities, and a
$4.83 billion stockholders' deficit.

Weil, Gotshal & Manges LLP serves as bankruptcy counsel to the
Debtors.  Paul Hastings LLP and Debevoise & Plimpton LLP Groom Law
Group, Chartered, are on board as special counsel.  Rothschild
Inc., is the financial advisor.   Garden City Group Inc. is the
claims and notice agent.

Jack Butler, Esq., John Lyons, Esq., Felecia Perlman, Esq., and
Jay Goffman, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP
serve as counsel to the Official Committee of Unsecured Creditors
in AMR's chapter 11 proceedings.  Togut, Segal & Segal LLP is the
co-counsel for conflicts and other matters; Moelis & Company LLC
is the investment banker, and Mesirow Financial Consulting, LLC,
is the financial advisor.


AMERICAN INT'L: CEO Rebuffs Idea of Breaking Up Company
-------------------------------------------------------
Leslie Scism and Erik Holm, writing for Dow Jones' Daily Bankruptcy
Review, reported that the head of American International Group Inc.
delivered a defiant message to billionaire investors Carl Icahn and
John Paulson, who are pushing for a breakup of the insurer: We're
not budging.

According to the report, AIG Chief Executive Peter Hancock said in
a conference call with analysts Nov. 3 that management and the
board have "carefully reviewed" the idea of breaking up the insurer
on many occasions, and concluded that such a move "did not make
financial sense."

                           About AIG

With corporate headquarters in New York, American International
Group, Inc., is an international insurance company, serving
customers in more than 130 countries.  AIG companies serve
commercial, institutional and individual customers through
property-casualty networks of any insurer. In addition, AIG
companies are providers of life insurance and retirement services.

At the height of the 2008 financial crisis, AIG experienced a
liquidity crunch when its credit ratings were downgraded below
"AA" levels by Standard & Poor's, Moody's Investors Service and
Fitch Ratings.  AIG almost collapsed under the weight of bad bets
it made insuring mortgage-backed securities.  The Company,
however, was bailed out by the Federal Reserve, but even after an
initial infusion of $85 billion, losses continued to grow.  The
later rescue packages brought the total to $182 billion, making it
the biggest federal bailout in U.S. history.  AIG sold off a
number of its businesses and other assets to pay down loans
received from the U.S. government.


AMERICAN MANAGED CARE: Chapter 11 Plan Has Effective Date
---------------------------------------------------------
Soneet R. Kapila, Liquidating Agent for the estate of American
Managed Care, LLC filed with the U.S. Bankruptcy Court for the
Middle District of Florida a notice of effective date of American
Managed Care, LLC's Modified Chapter 11 Liquidating Plan dated
March 19, 2015.  On Aug. 18, 2015, the Court entered a Final Order
Confirming Modified Chapter 11 Liquidating Plan for AMC.  All
conditions to the Effective Date have been satisfied or waived. The
Effective Date of the Plan is Sept. 1, 2015.

By Order dated April 6, 2015, the AMC Modified Plan was
conditionally confirmed in all respects, subject only to separate
approvals of the WARN Act Settlement incorporated into the AMC
Modified Plan.

On May 4 2015, the Court entered its Order Granting Chapter 11
Trustee's Motion to Approve Compromise of Controversy of WARN Act
Litigation.

On May 28, 2015, the Court conducted a fairness hearing in De La
Concha, et al. v. American Managed Care, LLC, et al., Adv. No.
8:13-ap-00273-KRM.  At the conclusion of the fairness hearing, the
Court approved the WARN Act Settlement as fair and equitable, and
consistent with the WARN Act Settlement: (a) certified the class of
former employees as provided in the WARN Act Settlement; (b)
approved proposed Class Counsel; and (c) approved the Class
Representatives and their Incentive Awards.  The Order Approving
Class Representatives, Class Counsel, Class Certification and
Related Relief was entered on June 15, 2015 (Doc. No. 80, Adv. No.
8:13-ap-00273-KRM).

All of the required WARN Act Settlement Approvals have been
obtained and there are no further conditions or contingencies to
final confirmation of the AMC Modified Plan.  Accordingly, in his
Aug. 18, 2015, order, Judge May ruled that:

   A. The AMC Modified Plan is confirmed, in all respects, in
accordance with 11 U.S.C. Sec. 1129.

   B. Pursuant to the AMC Modified Plan, the WARN Act Class will
have the following Allowed Claims, which are limited and more
particularly described in the WARN Act Settlement and the AMC
Modified Plan:

      1. An Allowed Class Administrative Claim in the total amount
of a single recovery of $200,000.

      2. An Allowed Class Priority Claim in the amount of a maximum
single priority recovery of $7.0 million to be funded exclusively
from payments received from (a) the Contingent WARN Act Claims of
AMC and Universal Health Care Group, Inc., in the receivership
proceedings for Universal Health Care, Inc. and Universal Health
Care Insurance Company, Inc. and (b) the WARN Act claims filed by
AMC and Universal in the receivership proceedings for Universal HMO
of Texas, Inc. and Universal Health Care of Nevada, Inc. (the "WARN
Act Recoveries").

   3. An Allowed Class Unsecured Claim in the amount of a single
maximum recovery of $1.5 million, subject to being increased by
the
difference between $6.0 million and the actual gross WARN Act
Recoveries.

                    About AMC and Universal Health

Universal Health Care Group, Inc., owns an insurance company and
three health-maintenance organizations that provide managed care
services for government sponsored health care programs, focusing on
Medicare and Medicaid.

Universal Health was founded in 2002 by Dr. A.K. Desai and grew its
operations of offering Medicare plans to more than 37,000 members
to over 20 states.

Universal Health filed a Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 13-01520) on Feb. 6, 2013, after Florida
regulators moved to put two of the company's subsidiaries in a
receivership. Universal Health Care estimated assets of up to$100
million and debt of less than $50 million in court filings in a
Tampa, Florida.  Harley E. Riedel, Esq., at Stichter Riedel Blain
& Prosser serves as counsel to the Debtor

Soneet R. Kapila has been appointed the Chapter 11 Trustee in the
Debtor's case.  He is represented by Roberta A. Colton, Esq., at
Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, PA.
Dennis S. Jennis, Esq., and Jennis & Bowen, P.L., serve as special
conflicts counsel and E-Hounds, Inc., serves as a forensic imaging
consultant to the Chapter 11 trustee.

An affiliate, American Managed Care, LLC, sought Chapter 11
protection (Bankr. M.D. Fla. Case No. 13-05952) on May 3, 2015.
See http://bankrupt.com/misc/flmb13-5952.pdf


AMERICAN POWER: G. Ho Reports Beneficial Ownership of 31.8M Shares
------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Gregory P. Ho and his affiliates disclosed that as of
Oct. 21, 2015, they beneficially own 31,799,358 shares of common
stock of American Power Group Corporation, representing 60.21
percent of the shares outstanding.  

The amount includes 1,839,544 shares of Common Stock, 11,633,332
shares of Common Stock issuable upon conversion of Preferred Stock
beneficially owned by the Reporting Person, 2,596,575 shares of
Common Stock issuable upon conversion of Series C Preferred Stock
beneficially owned by the Reporting Person, and 15,729,907 shares
of Common Stock issuable upon exercise of Warrants beneficially
owned by the Reporting Person.  These shares of Common Stock are
being reported as beneficially owned by the Reporting Person solely
because he acts as managing member of Spring Mountain Capital G.P.,
LLC and Spring Mountain Capital, LLC, and is a partner of SMC
Employees Partnership.  The Reporting Person disclaims beneficial
ownership of those shares, except to the extent of his pecuniary
interest therein.

On Oct. 21, 2015, upon the filing by the Company of a Certificate
of Designation of Preferences, Rights and Limitations of Series C
Convertible Preferred Stock with the Secretary of State of
Delaware, the Company's Subordinated Contingent Convertible
Promissory Notes, together with all accrued but unpaid interest
thereon, automatically converted into shares of the Company's
Series C Convertible Preferred Stock at a conversion price of
$10,000 per share.  Series C Preferred Stock has no expiration date
and is convertible into the Company's Common Stock at the holder's
election.  Pursuant to the terms of the Notes, upon the conversion
of the Notes and in addition to the delivery of Series C Preferred
Stock, the Issuer delivered Warrants to the holders. As a result of
such automatic conversion, SMC EP received 51.932 shares of Series
C Preferred Stock convertible into 2,596,575 shares of Common Stock
and a Warrant exercisable for up to 2,596,575 shares of Common
Stock.

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

                       http://is.gd/2iurjD

                   About American Power Group

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

American Power reported a net loss available to common stockholders
of $3.25 million on $6.28 million of net sales for the year ended
Sept. 30, 2014, compared to a net loss available to common
stockholders of $2.92 million on $7.01 million of net sales for the
year ended Sept. 30, 2013.

As of June 30, 2015, the Company had $8.9 million in total assets,
$7.7 million in total liabilities and $1.1 million in total
stockholders' equity.


AMERICOLD REALTY: Moody's Assigns B3 CFR; Outlook Stable
--------------------------------------------------------
Moody's Investors Service assigned a B3 Corporate Family Rating and
a B3--PD Probability of Default Rating to Americold Realty Trust.
Concurrently, Moody's assigned a B3 (LGD3) rating to the $325
Senior Secured Term Loan B due 2022.  The company will use the
issuance proceeds from its Senior Secured Term Loan B to refinance
a CMBS obligation maturing in February 2016 and pay related
transaction fees.  The rating outlook is stable.

RATINGS RATIONALE

Americold's B3 CFR reflects elevated financial leverage given its
risk profile, and recent volatility in sales and free cash flow
related to the firm's service offerings.  Liquidity is weak, as
there is insufficient internal sources or committed funding to
address the late 2016 maturity at this time.  The B3 rating also
recognizes Americold's strong business profile as a leader in the
cold storage business, which is critical to the food supply chain
and has demonstrated resistance to macroeconomic weakness, and the
firm's management team with substantial experience in the food and
beverage sector.

Moody's expects debt relative to EBITDA to remain high, near 6.5
times for 2016, a level at the high end compared to other companies
also in the B-rated category for non-financial corporate issuers.
As well, the cold storage business is still developing, and
temperature-controlled warehouses ("TCWs") typically price at a
meaningful discount to their nearest commercial real estate
proxies, the industrial warehouses.  Moreover, Americold is a real
estate investment trust (REIT) that has been owned by private
equity for seven years and distributes a significant amount of cash
to ownership in the form of dividends.  Finally, interest coverage
(EBITA/Interest) for 2015 is approximately 1.1 times and below our
expectation for B-rated issuers, around 1.5-2.0 times.

The term loan is secured by a pledge in the stock of the
subsidiaries which own 29 TCWs, which are unique assets.  There is
not, however, a direct security interest in the TCWs.  As a result,
Moody's believes that the expected recovery would be more in line
with a senior unsecured claim, and the term loan rating of B3 is
the same as the CFR.

The stable outlook reflects Moody's expectation that Americold will
demonstrate steady growth in sales through new and existing
customers while lowering leverage and building adequate liquidity
to address near term obligations.

The ratings could be upgraded if Americold demonstrates adequate
liquidity to address current obligations, along with the
expectation of lower leverage below 5.5 times and increase interest
coverage above 1.5 times.  The ratings could be downgraded if debt
to EBITDA rises above 7.5 times or interest coverage drops below
1.0 times.  Inability to refinance current maturities would also
lead to a downgrade.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.

Americold is a REIT and leading provider of cold storage services
headquartered in Atlanta.  The firm is focused on the ownership,
operation, development and acquisition of temperature-controlled
real estate.  Americold also provides additional services including
warehouse handling and value-add logistics services to manage the
entire temperature-controlled supply chain.

Assignments:

Issuer: Americold Realty Trust

  Probability of Default Rating, Assigned B3-PD
  Corporate Family Rating, Assigned B3
  Senior Secured Bank Credit Facility, Assigned B3(LGD3)



AMERICOLD REALTY: S&P Assigns 'B+' CCR; Outlook Stable
------------------------------------------------------
Standard & Poor's Ratings Services said that it has assigned its
'B+' corporate credit rating to U.S.-based Americold Realty
Operating Partnership L.P.  The outlook is stable.

At the same time, S&P assigned its 'BB' issue-level rating and '1'
recovery rating to the company's senior secured credit facility.
The '1' recovery rating indicates S&P's expectations that the
lenders would receive very high (90%-100%) recovery in a payment
default scenario.

"Our ratings on Americold take into account the company's leading
market position as the largest global cold storage warehousing and
logistics provider, the relatively stable and less cyclical market
in which it competes, its good customer and end-market diversity,
and the stability and visibility of its profit and revenue
streams," said Standard & Poor's credit analyst Tatiana Kleiman.
"Our ratings also incorporate the company's elevated debt levels
and weak credit measures and take into consideration the
characteristics of the overall logistics space, which is large,
very fragmented, and highly competitive."  Additionally, S&P
considers the company as it relates to the broader universe of
railroads and packaged express providers, under which the industry
is grouped in S&P's criteria.  Despite its leading presence in the
logistics universe relative to the class 1 railroads and packaged
express companies, such as UPS and Fed Ex, its scale is far less
substantial.

The stable outlook on Americold reflects S&P's expectation that the
company will continue to demonstrate stable revenue and earnings
generation over the next 12-18 months as management focuses on
operating-efficiency initiatives, cost controls, and organic
growth.  S&P believes that the company's credit metrics will remain
stable during this time.

S&P could lower its rating on Americold if operational challenges
cause its credit metrics to weaken such that its FFO-to-debt ratio
falls to the low-single digit percent area or its debt-to-EBITDA
metric increases to 10x or more.

It is unlikely that S&P will raise its rating on Americold given
the limitations on its financial risk profile stemming from its
financial sponsor ownership.  However, S&P could raise its rating
on the company if it is able to improve its capital structure by
converting its preferred shares to common shares and demonstrating
a commitment to maintain a debt-to-EBITDA metric of below 5x.



ASR CONSTRUCTORS: Plan Outline Hearing Moved to Dec. 1 Amid Deal
----------------------------------------------------------------
ASR Constructors and its affiliated debtors, Alan Regotti and
Stacey Regotti, The Regotti Family Trust dated January 12, 2005,
Marc W. Berry and Patricia Berry, Federal Insurance Company,
Berkley Regional Insurance Company, Gotte Electric, Inc., and ICW
Group Insurance Companies, won approval of a stipulation that,
among other things, extends the hearing on the Debtors' disclosure
statement to Dec. 1.

On May 12, 2015, the Debtors filed their Second Amended Disclosure
Statement for Second Amended Chapter 11 Liquidating Plan Jointly
Proposed by the Debtors.  The Debtors' Chapter 11 Status Conference
Report was also filed on May 12, 2015.

A hearing to approve the Debtors' Disclosure Statement and a
Chapter 11 Status Conference were previously scheduled for Oct. 20,
2015, after parties agreed to the continuance of a Sept. 1
hearing.

On Aug. 25, 2015, Gotte filed a Motion for Standing, Leave and
Authority to Prosecute Certain Claims on Behalf of the Debtors'
Estates and supporting papers.

Pursuant to an order approving a stipulation between the parties
entered on Sept. 14, 2015, the hearing on Gotte's Motion to Confer
Standing was scheduled for Oct. 27, and the last day to file
avoidance actions under Bankruptcy Code sections 544, 545, 547,
548, 550 and 553 against Meridian, Inland and/or the Debtors'
insiders, including Regotti and Berry, was extended to Nov. 6, 2015
(the "546 Deadline").

The parties have agreed in principal to a global settlement which
covers both the Adversary Action and the Disclosure Statement and
Plan.  The Debtors expect to document the settlement and to file a
motion for approval of the settlement which will set forth the
distributions to be made to creditors in all of the jointly
administered cases and to subsequently file a motion to dismiss the
bankruptcy cases.  The settlement, if approved, will resolve the
Adversary Action and make the Disclosure Statement and Plan moot.
In order to allow time for the Settlement Motion to be filed and
heard, the parties hereto have agreed that the hearings on the
Disclosure Statement and the Chapter 11 Status Conference will be
continued to Dec. 1, 2015 at 2:00 p.m. or as soon as possible
thereafter that is convenient for the Court's calendar.  The
parties reserve the right to object to and oppose confirmation of
the Plan as currently proposed.

The parties obtained approval of the Stipulation from Judge Mark
Houle on Oct. 16.  The stipulation provides that:

   1. The hearings on the Debtors' Disclosure Statement, the
Chapter 11 Status Conference, and Gotte's Motion to Confer Standing
shall be continued to Dec. 1, 2015 at 2 p.m. ("New Hearing Date").

   2. The 546 Deadline will be extended up to and including Dec.
31, 2015.

   3. In accordance with the Local Bankruptcy Rules, any responses
to the Disclosure Statement or the Motion to Confer Standing will
be extended to until 14 days prior to the New Hearing Date.

   4. The Debtors need not file an updated Chapter 11 Status Report
prior to the New Hearing Date.

Berkeley Regional is represented by Marilyn Klinger, Esq., at
Sedgwick LLP.  Federal Insurance is represented by Jonathan Durin,
Esq., and Andrew C. Harris, Esq., at Salamirad, Morror, Timpane &
Dunn LLP.  Gotte Electric is represented by Byron Mauss, Esq., at
Assayag Mauss LLP.  ICW Group is represented by David Veis, Esq.,
and Howard Weg, Esq., at Robins Kaplan, LLP.

                      Second Amended Plan

The Debtors have filed a Chapter 11 liquidating plan that proposes
to liquidate, collect and make distributions in respect of any
allowed claims against the Debtors' estates.   Because there are
competing liens and claims against the Debtors' assets some of
which are the subject of the Gotte Avoidance Action, plan
distributions to general unsecured claims cannot be made until the
Gotte Avoidance Action (Gotte Electric, Inc. v. ASR Constructors,
Inc., Federal Insurance Company, Another Merdian, LLC and Inland
Machinery, Inc., pending as Adversary Case No. 6:13-ap-01402-MH) is
resolved either through a settlement or Court order.  

The Plan provides that upon the Effective Date, the property of the
Debtors' estates will vest in each of the Debtors and, in
accordance with the Plan, be transferred to a creditors' trust for
each of the debtors' estates which will be managed separately by
the disbursing agent.  The disbursing agent will (i) wind down and
complete the remaining ASR projects, (ii) liquidate the remaining
real property owned by Meridian and (iii) liquidate the remaining
equipment owned by Inland using the same auction procedures that
have been previously approved by the Court.  

A copy of the Second Amended Disclosure Statement dated May 12,
2015, is available at:

       http://bankrupt.com/misc/ASR_Const_2nd_Am_DS.pdf

                     About ASR Constructors

Based in Wildomar, California, ASR Constructors, Inc., is a general
contractor, completing over 850 public works projects, with clients
such as cities, school districts, and state and federal
governments, since its incorporation in May 1999.  Another Meridian
Company, LLC is in the business of real estate and owns a light
industrial building in Riverside, California, parcels of vacant
land in Riverside and San Bernardino, California, and a single
family residence in Phelan, California.  Inland Machinery Inc. is
in the business of machinery and equipment rental.

ASR's stockholders are the Regotti Family Trust dated Jan. 12,
2005, Alan Regotti and Stacey Regotti trustees (50% of the stock)
and Marc Berry and Patty Berry (each owning 25%).  Meridian's
members are Alan Regotti and Marc Berry (each owning 50%).
Inland's stockholders are Alan Regotti and Marc Berry (each owning
50%).

ASR, Meridian and Inland filed Chapter 11 petitions (Bankr. C.D.
Cal. Lead Case No. 13-25794) on Sept. 20, 2013.  The petitions were
signed by Alan Regotti, the president.  

ASR disclosed $17,647,556 in assets and $18,901,467 in liabilities
as of the Chapter 11 filing.

Judge Mark D. Houle presides over the cases.

James C. Bastian, Jr., Esq., at Shulman Hodges & Bastian, LLP,
serves as the Debtors' bankruptcy counsel.  The Law Office of John
D. Mannerino serves as corporate counsel to the Debtors.  Rodgers,
Anderson, Malody & Scott LLP CPAs serves as accountant to the
Debtors.


ASSOCIATED WHOLESALERS: Gets Court Approval to Sell Co-Op Assets
----------------------------------------------------------------
ADI Liquidation Inc. received court approval to sell substantially
all assets of Co-Op Agency Inc. to Strickler Insurance Agency Inc.
for $246,610.

The order, issued by U.S. Bankruptcy Judge Kevin Carey, allowed ADI
Liquidation, formerly known as Associated Wholesalers Inc., to sell
the assets used in operating Co-Op's business, which include the
company's book of business, books and records, and its right in
software licenses.

Under the deal, Co-Op agreed to terminate all of its employees.
Only two employees namely John Bender and Michael Kirkpatrick will
be offered a job with Strickler, according to court filings.

The assets of Co-Op were initially included in the sale of ADI
Liquidation's assets to C&S Wholesale Grocers Inc.  Through the
auction process, however, the assets were ultimately excluded from
the sale, which was approved by the bankruptcy court in October
last year.  

                   About Associated Wholesalers

Founded in 1962 and headquartered in Robesonia, Pennsylvania,
Associated Wholesalers Inc. serviced 800 supermarkets, specialty
stores, convenience stores and superettes with grocery, meat,
produce, dairy, frozen foods and general merchandise/health and
beauty care products.  AWI, with distribution facilities in
Robesonia, Pennsylvania, and York, Pennsylvania, served the
mid-Atlantic United States.  AWI is owned by its 500 retail
members, who in turn operate supermarkets.  AWI had 1,459
employees.

White Rose Inc. is a food wholesaler and distributor serving the
greater New York metropolitan area.  The company traces its origins
to 1886, when brothers Joseph and Sigel Seeman founded Seeman
Brothers & Doremus to provide grocery deliveries throughout New
York City.  White Rose carries out its operations through three
leased warehouse and distribution centers, two of which are located
in Carteret, New Jersey, and one in Woodbridge, New Jersey.  White
Rose has 777 employees.

Associated Wholesalers and its affiliates sought Chapter 11
bankruptcy protection on Sept. 9, 2014, to sell their assets under
11 U.S.C. Sec. 363 to C&S Wholesale Grocers, absent higher and
better offers.  The Debtors were granted joint administration of
their Chapter 11 cases for procedural purposes, under the lead case
of AWI Delaware, Inc., Bankr. D. Del. Case No. 14-12092.

As of the Petition Date, the Debtors owed the Bank Group
(consisting of lenders, Bank of America, N.A., Bank of American
Securities LLC as sole lead arranger and joint book runner, Wells
Fargo Capital Finance, LLC as joint book runner and syndication
agent, and RBS Capita, as documentation agent) an aggregate
principal amount of not less than $131,857,966 (inclusive of
outstanding letters of credit), plus accrued interest.  The Debtors
estimate trade debt of $72 million.  AWI Delaware disclosed $11,440
in assets and $125,112,386 in liabilities as of the Chapter 11
filing.

Saul Ewing LLP and Rhoads & Sinon LLP are serving as legal advisors
to the Debtors, Lazard Middle Market is serving as financial
advisor, and Carl Marks Advisors is serving as restructuring
advisor to AWI.  Carl Marks' Douglas A. Booth has been tapped as
chief restructuring officer.  Epiq Systems serves as the claims
agent.

The Official Committee of Unsecured Creditors is represented by
David B. Stratton, Esq., and Evelyn J. Meltzer, Esq., at Pepper
Hamilton, LLP, in Wilmington, Delaware; and Mark T. Power, Esq.,
and Christopher J. Hunker, Esq., at Hahn & Hessen LLP, in New York.
The Committee also has retained Capstone Advisory Group, LLC,
together with its wholly-owned subsidiary Capstone Valuation
Services, LLC, as its financial advisors.

The Troubled Company Reporter, on Nov. 5, 2014, reported that the
Bankruptcy Court authorized Associated Wholesalers to sell
substantially all of its assets, including their White Rose grocery
distribution business, to C&S Wholesale Grocers, Inc.   The C&S
purchase price consists of the lesser of the amount of the bank
debt, which totals about $18.1 million and $152 million, plus other
liabilities, which amount is valued at $194 million.  C&S,
according to Bill Rochelle and Sherri Toub, bankruptcy columnists
for Bloomberg News, ended up paying $86.5 million more cash to be
anointed as the winner at the auction.

Associated Wholesalers, which changed its name to AWI Delaware,
Inc., prior to the approval of the sale.  AWI Delaware notified the
Bankruptcy Court on Nov. 12, 2014, that closing occurred in
connection with the sale of their assets to C&S.  AWI Delaware then
changed its name to ADI Liquidation, Inc., following the closing of
the sale.


ATLANTIC & PACIFIC: Angelone Seeks Reserve of Store No. 15 Proceeds
-------------------------------------------------------------------
Joseph Angelone asks the U.S. Bankruptcy Court for the Southern
District of New York, to direct The Great Atlantic & Pacific Tea
Company, Inc. ("A & P") to set aside proceeds to be derived from
the impending sale and/or assignment of Store No. 15, which was
scheduled to close on Oct. 26, 2015.

Mr. Angelone is the owner and landlord of Store No. 15, which is
leased by the Debtors and is located at 2424 Flatbush Avenue,
Brooklyn, New York ("Premises").

Mr. Angelone objected to the Debtors' Sale Motion to the extent
that it involves the Premises because no provision has been made,
nor assurance provided that Angelone will receive 50% of the
proceeds from the proposed assignment of his lease, a right which
he specifically negotiated directly with the A & P in settlement of
a lawsuit in 2003 and a right which A & P specifically agreed he
should have.  Mr. Angelone asserted that the right to share in
assignment proceeds was a specific condition he required in
exchange for his granting the A & P four successive five year
options to extend the lease.  Mr. Angelone further asserted that
without such grant of options, the lease which debtor has proposed
to sell would otherwise be expiring on Oct. 31, 2018 and would have
no sale value at all today.  Mr. Angelone contended that failure to
honor the specific provision providing for 50% of the proceeds
would inflict a significant economic injury upon him. The Court
overruled Mr. Angelone's objection and the latter filed a notice of
appeal to the District Court.

Mr. Angelone tells the Court that his motion is brought not to
block the sale, but to ensure that the proceeds from the sale are
"reserved" and/or "set aside" pending the hearing and determination
of his appeal so that the funds will be there should he prevail on
his appeal to the District Court.

Joseph Angelone is represented by:

          Jay B. Itkowitz, Esq.
          ITKOWITZ PLLC
          26 Broadway, 21st Floor
          New York, NY 10004
          Telephone: (646)822-1801
          Facsimile: (212)822-1402
          E-mail: jitkowitz@itkowitz.com

                     About Atlantic & Pacific

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately
300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names,
or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company 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.

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

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 to serve
on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.



ATLANTIC & PACIFIC: Seeks Approval of $22M Sale of 2 Stores
-----------------------------------------------------------
The Great Atlantic Pacific & Tea Company, Inc., and its affiliated
debtors ask the U.S. Bankruptcy Court for the Southern District of
New York, to approve the sale of two stores as going concerns
("PSK Stores") to PSK Supermarkets, Inc., for $22,181,000.

The Debtors contend that the asset purchase agreement with PSK
("PSK Agreement") represents the highest and best transaction for
the PSK Stores and secures significant value for the Debtors'
estates, including an incremental $2,781,000 as a result of the
auction.  The Debtors further contend that in addition to the
auction, they have extensively marketed the PSK Stores during the
pre- and postpetition marketing process, and believe that the value
offered by PSK is favorable to the Debtors and their estates.

The PSK Agreement provides that the Sellers Great Atlantic &
Pacific Tea Company, Inc., APW Supermarkets, Inc., Pathmark Stores,
Inc., A&P Real Property, LLC, and A&P Live Better, LLC agree to
sell to PSK all of their rights, title and interest in and to the
Leases and certain inventory, equipment, furnishings, fixtures,
goodwill and pharmacy assets related to the following:

     (a) Pathmark Store No. 72603, located in 300 West 145th
Street, New York, New York, which shall be sold for $13,228,000.00;
and

     (b) Waldbaums Store No. 70611, located in 245 Route 25A, Rocky
Point, New York, which shall be sold for $9,535,000.00.

The PSK Agreement states that PSK is entitled to credit against the
Purchase Price of its break-up fee of $582,000, which PSK used as
consideration at the auction.  The PSK also states that in each
case, there shall be additional amounts paid for inventory.

Pursuant to the PSK Agreement, PSK has agreed to use commercially
reasonable efforts to interview qualified employees of the PSK
Stores who are represented by a labor union and who apply for
employment.  If PSK makes an offer of employment, it anticipates
that, to the extent it has existing collective bargaining
agreements within a similar geographic area as the relevant stores,
any such offers of employment will be on similar terms as are
reflected in such existing collective bargaining agreements.

The PSK Agreement provides that The Debtors are responsible for
paying any cure costs related to the assumption and assignment to
PSK of the Leases.

Atlantic & Pacific is represented by:

          Ray C. Schrock, Esq.
          Garrett 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
                  garrett.fail@weil.com

                     About Atlantic & Pacific

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately
300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names,
or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company 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.

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

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 to serve
on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.



ATLANTIC & PACIFIC: Seeks Approval of $465K Sale of Acquired Assets
-------------------------------------------------------------------
The Great Atlantic Pacific & Tea Company, Inc., and its affiliated
debtors ask the U.S. Bankruptcy Court for the Southern District of
New York to approve the sale of acquired assets to PSK
Supermarkets, Inc. for $465,000.

The acquired assets consist of: (a) the lease of Store Number
70784, located at 2005 Albany Post Road, Croton on Hudson, New York
and leased from Baltic Estates, Inc.; (b) all inventory; (c) all
furnishings and equipment; and (d) the Pharmacy Assets.

Atlantic & Pacific is represented by:

          Ray C. Schrock, Esq.
          Garrett 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
                  garrett.fail@weil.com

                     About Atlantic & Pacific

Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea
Company, Inc., and its affiliates are one of the nation's oldest
leading supermarket and food retailers, operating approximately
300
supermarkets, beer, wine, and liquor stores, combination food and
drug stores, and limited assortment food stores across six
Northeastern states.  The primary retail operations consist of
supermarkets operated under a variety of well known trade names,
or
"banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food
Basics, The Food Emporium, Best Cellars, and A&P Liquors.  The
Company 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.

The Debtor disclosed total assets of $601,441,108 and total
liabilities of $1,984,459,086 as of the Petition Date.

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 to serve
on
the official committee of unsecured creditors.  Pachulski Stang
Ziehl & Jones LLP serves as its counsel, and Zolfo Cooper, LLC as
serves as its financial advisors and bankruptcy consultants.

Elise S. Frejka was appointed as consumer privacy ombudsman.



BIONITROGEN HOLDINGS: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

    Debtor                                              Case No.
    ------                                              --------
    BioNitrogen Holdings, Corp.                         15-29505
       fka Hidenet Securities Architectures, Inc.
       dba BioNitrogen Corp.
    8300 NW 53 Street, Suite 350
    Miami, FL 33166

    BIO-SNG Technologies International Corp.            15-29507

    4A Technologies, LLC                                15-29509

    BioNitrogen Plant FL Hendry, LLC                    15-29511

    Hendry BN Construction & Fertilizer Services, LLC   15-29512
  
    BioNitrogen Florida Holdings, LLC                   15-29513
    8300 NW 53 Street, Suite 350
    Miami, FL 33166

    BioNitrogen Plant FL Taylor, LLC                    15-29515
    8300 NW 53 Street, Suite 350  
    Miami, FL 33166
    
Chapter 11 Petition Date: November 3, 2015

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

Judge: Hon. Robert A Mark (15-29505)
       Hon. Laurel M Isicoff (15-29513)
       Hon. Jay Cristol (15-29515)

Debtors' Counsel: Jacqueline Calderin, Esq.
                  EHRENSTEIN CHARBONNEAU CALDERIN
                  501 Brickell Key Drive #300
                  Miami, FL 33131
                  Tel: 305.722.2002
                  Fax: 305.722.2001
                  Email: jc@ecclegal.com

                                            Total      Total
                                            Assets   Liabilities
                                         ----------  -----------
BioNitrogen Holdings                       Unknown    $3.5-Mil.
BioNitrogen Florida Holdings             $0-$50,000  $1MM-$10MM
BioNitrogen Plant FL Taylor              $0-$50,000  $1MM-$10MM

The petition was signed by Carlos A. Contreras, chairman and chief
executive officer.

A list of BioNitrogen Holdings' 20 largest unsecured creditors is
available for free at:

            http://bankrupt.com/misc/flsb15-29505.pdf

A list of BioNitrogen Florida Holdings' two largest unsecured
creditors is available for free at:

            http://bankrupt.com/misc/flsb15-29513.pdf

A list of BioNitrogen Plant's two largest unsecured creditors is
available for free at:

            http://bankrupt.com/misc/flsb15-29515.pdf


BIONITROGEN HOLDINGS: Files Chapter 11 Bankruptcy Petition
----------------------------------------------------------
BioNitrogen Holdings Corp. on Nov. 3 filed for Chapter 11
reorganization in the United States Bankruptcy Court for the
Southern District of Florida in connection with its efforts to
restructure its debt and reorganize its operations.  The Company's
Board of Directors approved the bankruptcy filing.

Additionally, on October 30, 2015, James Simonton, Carlis "Chic"
Sabinson and Roger Imperial resigned as members of our Board of
Directors.  The bankruptcy filing and the Director resignations are
further detailed in the Company's November 4, 2015 Form 8-K filed
with the Securities and Exchange Commission.

"We seek to emerge from this process as quickly as possible in a
stronger position as a Company," stated Carlos Contreras, Chairman
and CEO.

                   About BioNitrogen Holdings Corp.

BioNitrogen Holdings Corp. (otc pink:BION) --
http://www.BioNitrogen.com-- is a clean tech company that utilizes
patented technology to build environmentally friendly plants that
convert biomass into urea fertilizer.  Its mission is to provide
safe, cost effective, green solutions that are economically
beneficial in locations where biomass is produced and urea is
consumed.



BOOMERANG TUBE: Points to Welch Ruling to Address SBBT Dispute
--------------------------------------------------------------
Boomerang Tube, LLC, et al., on Oct. 26, 2015, filed documents
asking the U.S. Bankruptcy Court for the District of Delaware to
direct its attention to Chief Judge Shannon's decision in Welch v.
Sun National Bank (In re Welch), Adv. Pro. No. 14-50777 (Bankr. D.
Del. Oct. 19, 2015), which was issued three days after debtors
Boomerang Tube et al. filed their Post-Trial Brief in support of
their Amended Joint Prearranged Chapter 11 Plan Dated September 4,
2015, and which supports the use of the "replacement value" of the
Equipment rather than its value "in continued use" for purposes of
Sec. 506(a).

Patrick A. Jackson, Esq., at Young Conaway Stargatt & Taylor, LLP,
counsel to Boomerang Tube, recounts that the debtors in Welch owned
a mobile home that secured a debt of $115,844 to a creditor.  The
mobile home sat on land leased by the debtors from another entity.
Under their chapter 13 plan, the debtors sought to assume the
ground lease, retain the mobile home, and cram down the creditor's
secured claim to the $30,863 value of the mobile home determined
under the NADA Retail Value Guidebook for Manufactured and Mobile
Homes.  The creditor objected to the debtors' valuation, arguing
that an $80,000 "in place" value should be used because it best
accounted for the debtors' decision to assume the underlying ground
lease and use the mobile home as their residence.

According to Mr. Jackson, Judge Shannon rejected the creditor's "in
place" valuation, inter alia, as contrary to the Supreme Court's
ruling in Associates Commercial Corp. v. Rash, 520 U.S. 953 (1997),
which adopted "replacement value" as the appropriate standard for
valuing collateral to be retained by a debtor under a plan. In
addition, Judge Shannon found that adopting an "in place" valuation
would be inappropriate because "permitting Sun National to use the
location of the mobile home to its economic advantage vis-a-vis
favorable comps allows Sun National to include the value of the
ground lease (i.e., the location) without an interest in either the
lease or the land and when the Debtors are responsible for the
ground lease payments." (Accord Post-Tr. Br. Pars. 72-74
(distinguishing In re Kim, 130 F.3d 862 (9th Cir. 1997) on the
basis that the creditor's lien in that case encompassed the
debtor's entire business operation, not merely a single piece of
equipment), Par. 77 (noting SBBT's proposed valuation would provide
SBBT the economic benefit of value that will be realized, if at
all, only by the Debtors' continued expenditure of time and money
post-confirmation), and Par. 78 (noting SBBT's proposed valuation
would provide SBBT the economic benefit of installation costs that
it did not pay for or finance, and to which its lien would not
extend under state law).)

The Debtors' attorneys:

         YOUNG CONAWAY STARGATT & TAYLOR, LLP
         Robert S. Brady, Esq.
         Sean M. Beach, Esq.
         Margaret Whiteman Greecher, Esq.
         Patrick A. Jackson, Esq.
         Ryan M. Bartley, Esq.
         Rodney Square
         1000 North King Street
         Wilmington, DE 19801
         Tel: (302) 571-6600
         Fax: (302) 571-1253
         E-mail: rbrady@ycst.com
                 sbeach@ycst.com
                 mgreecher@ycst.com
                 pjackson@ycst.com
                 rbartley@ycst.com

                      SBBT's Post-Trial Brief

As reported in the Nov. 3 edition of the TCR, SB Boomerang Tubular
submitted a post-confirmation-hearing brief in opposition to the
Plan.  SBBT says that the Debtors and Black Diamond are
aggressively advocating for an unjustifiably low valuation of a
heat treat line in an effort to secure an $8 million windfall by
retaining income-generating equipment at a steep discount -- at
SBBT's expense.  SBBT states it would not oppose the Debtors'
retention of SBBT's equipment as long as SBBT were adequately
compensated in accordance with the Bankruptcy Code's protections
for lessors1 or secured creditors.  SBBT says it objects to the
Plan because (i) the Plan improperly seeks to recharacterize a true
lease as a secured financing; (ii) upon such recharacterization,
the Plan uses an unreasonably low value for the collateral securing
the Debtors' obligations, thereby unfairly diminishing the amount
of SBBT's secured claim; (iii) the Plan does not satisfy the
Bankruptcy Code's provisions for creditors such as SBBT that have
taken the election under Sec. 1111(b) because the proposed payment
terms are neither "fair and equitable" nor feasible; and (iv) the
Plan improperly places SBBT in line for payment behind an invalid
claim manufactured by the Debtors and not asserted by the supposed
creditor.

                       The Debtors' Plan

The Debtors have proposed a Joint Prearranged Plan that reduces
their funded debt obligations by converting approximately $214
million in outstanding principal of term loan facility obligations
(Class 4) into (i) 100% of the New Holdco common stock, subject to
dilution, and (ii) $55 million of subordinated secured notes issued
by New Opco.

The prepetition revolving credit facility lenders under the ABL
facility (Class 3) will receive payment in full all accrued
obligations under the ABL Facility.  The ABL Facility Lenders
provided the $85 million DIP ABL Facility and have committed to
provide an Exit ABL Facility.

The holders of the SBI secured claims (Class 5) will receive a
secured note.

The Plan provides for the creation of a post-Effective Date
vehicle
(the "GUC Trust") which will retain and liquidate all Avoidance
Actions (the "GUC Trust Assets") for the benefit of holders of
general unsecured claims (Class 6).

Holders of preferred units (Class 9) and common units (Class 10),
other equity securities (Class 11), and Section 510(b) clams
(Class
2) won't receive any distribution.

A copy of the Debtors' Amended Joint Prearranged Chapter 11 Plan
filed Sept. 4, 2014, is available for free at:

    http://bankrupt.com/misc/Boomerang_Am_Plan_Sep2015.pdf

A black-lined copy of the Amended Disclosure Statement filed Aug.
13, 2015, is available for free at:

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

                     About Boomerang Tube

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

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

The cases are assigned to Judge Mary F. Walrath.

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

                           *     *     *

Boomerang Tube secured approval of its Amended Disclosure
Statement
in support of its Prearranged Chapter 11 Plan.

Judge Mary F. Walrath on Sept. 21, 2015, began the hearing to
consider confirmation of the Debtors' Amended Joint Prearranged
Chapter 11 Plan filed Sept. 4, 2015.  The Debtors anticipate that
the confirmation hearing will take multiple days over a few weeks,
given the Court's and parties' calendars.


BOONE COUNTY: Dismissal of Branham Corp. Suit Affirmed
------------------------------------------------------
The Court of Appeals of Indiana affirmed trial court's judgment
granting The Branham Corporation's motion to voluntarily dismiss
without prejudice proceedings supplemental to execution of
garnishment against certain garnishee defendants, conditioning the
same upon the payment of the attorney fees incurred by the
garnishee defendants up to the time of the filing of the motion to
dismiss.

The trial court later issued an amended order establishing the
amount of the various attorney fee awards, setting a deadline for
the payment of those fees, and ordering the dismissal be converted
to a dismissal with prejudice in the event of nonpayment of the
fees by the established deadline.

This is the fourth appeal in this litigation between the parties
stemming from a contract for assistance in negotiation for the
provision of water and sewer utility services in Boone County.
Boone County Utilities, LLC, is an Indiana limited liability
company wholly owned by Newland Resources, LLC.

A full-text copy of the Decision dated October 15, is available at
http://is.gd/sBhbv1from Leagle.com.

The case is The Branham Corporation, Appellant-Plaintiff, v.
Newland Resources, LLC and John E. Bator, et al.
Appellees-Defendants, NO. 06A01-1409-PL-399.

Appellants are represented by Donn H. Wray, Esq. --
dwray@katzkorin.com --  Katz & Korin, PC, Marc A. Menkveld, Esq. --
mmenkveld@katzkorin.com --  Katz & Korin, PC, Roger L. Burrus, Esq.
-- rburrus@burrusandsease.com -- Burrus & Sease, LLP, Mickey J.
Lee, Esq. -- mlee@mauricewutscher.com -- McGinnis Wutscher
Beiramee, LLP

Appellee John E. Bator, Bator Law, Greenfield, Indiana, Pro Se


BUCKSPORT GENERATION: Case Summary & 9 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Bucksport Generation LLC
           fka Verso Bucksport Power LLC
        2 River Road
        Bucksport, ME 04416

Case No.: 15-10802

Nature of Business: Energy

Chapter 11 Petition Date: November 3, 2015

Court: United States Bankruptcy Court
       District of Maine (Bangor)

Judge: Hon. Peter G Cary

Debtor's Counsel: Robert J. Keach, Esq.
                  D. Sam Anderson, Esq.
                  Jessica Lewis, Esq.
                  BERNSTEIN, SHUR, SAWYER & NELSON, P.A.
                  100 Middle Street, 6th Floor
                  P.O. Box 9729
                  Portland, ME 04104-5029
                  Tel: (207) 774-1200
                  Email: rkeach@bernsteinshur.com
                         sanderson@bernsteinshur.com
                         jlewis@bernsteinshur.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Kyle E. Nenninger, project manager.

List of Debtor's Nine Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
GE International                     Trade Debt       $15,058,611
P.O. Box 643449
Pittsburgh, PA 15264-3449

Bangor Natural Gas                   Trade Debt           $90,815

CCB, Inc.                            Trade Debt           $12,947

A.C. Electric Corporation            Trade Debt            $3,906

Matheson Tri-Gas, Inc.               Trade Debt            $2,019

Mo' Cleanin'                         Trade Debt            $1,980

Fairpoint Communications             Trade Debt            $1,720

St. Joseph Ambulatory Care Inc.      Trade Debt              $610

Cintas Corporation                   Trade Debt               $20


CAESARS ENTERTAINMENT: Amended Disclosure Statement Filed
---------------------------------------------------------
Caesars Entertainment Corp., et al., on Oct. 7, 2015, filed a
disclosure statement for their First Amended Joint Plan of
Reorganization.  The Amended Disclosure Statement reflects the
terms of agreements reached among the Debtors and their first lien
creditors pursuant to the Fifth Amended and Restated Restructuring
Support and Forbearance Agreement, dated as of October 7, 2015 (the
"Bond RSA"), and the Restructuring Support and Forbearance
Agreement, dated as of August 21, 2015 (the "Bank RSA"), but
remains subject to ongoing review and comment by the parties to the
Bond RSA and the Bank RSA and is subject to change.  The Debtors,
according to the Oct. 7 filing, have not concurrently filed a
motion seeking approval of the Amended Disclosure Statement and are
not seeking to set a hearing with respect to approval of Amended
Disclosure Statement at this time.  

A copy of the Amended Disclosure Statement is available for free
at:

         http://bankrupt.com/misc/Caesars_E_2403_Am_DS.pdf

                   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.

On February 5, 2015, U.S. Trustee Patrick Layng appointed nine
creditors to the Debtors' official committee of unsecured
creditors.  Two of these creditors -- the Board of Levee
Commissioners for the Yazoo Mississippi Delta and MeehanCombs
Global Credit Opportunities Master Fund LP -- resigned from the
committee following their appointment.  They were replaced by the
National Retirement Fund and Relative Value-Long/Short Debt, a
Series of Underlying Funds Trust.


CAESARS ENTERTAINMENT: Noteholders Say Kirkland Misled Court
------------------------------------------------------------
Stephanie Cumings, writing for Bloomberg News, reported that a
group of noteholders in the bankruptcy for Caesars Entertainment
Operating Company Inc. wants the court to reconsider approving the
employment application of law firm Kirkland & Ellis LLP because the
noteholder committee has allegedly "recently discovered that
testimony offered by Kirkland in support of that application was
incomplete and misleading."

According to the report, at the heart of the dispute are some 50
transactions that took place before the bankruptcy that are now the
subject of several lawsuits pending in New York and Delaware that
were initiated by the noteholders.

"Depending on one's point of view, these transactions were intended
either to increase liquidity and provide [the debtor] with badly
needed capital or to loot [the debtor] of valuable assets,
transferring them to [the parent] and related companies," the court
said, the report related.

The debtor retained Kirkland in July 2014, and the committee
alleges that Kirkland led an investigation into the 50 challenged
transactions. The noteholders say this investigation revealed that
the debtor had "received insufficient consideration" for the
transfers and they were therefore "constructively fraudulent," the
report further related.  Despite these findings, the debtor and its
parent company, Caesars Entertainment Corporation, filed suit in
New York in August 2014 against various creditors seeking a
declaration that the companies had "not breached their fiduciary
duties or engaged in fraudulent transfers, or otherwise engaged in
any violation of law," the report added.

                   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.

On February 5, 2015, U.S. Trustee Patrick Layng appointed nine
creditors to the Debtors' official committee of unsecured
creditors.  Two of these creditors -- the Board of Levee
Commissioners for the Yazoo Mississippi Delta and MeehanCombs
Global Credit Opportunities Master Fund LP -- resigned from the
committee following their appointment.  They were replaced by the
National Retirement Fund and Relative Value-Long/Short Debt, a
Series of Underlying Funds Trust.


CCS INTERMEDIATE: Moody's Cuts CFR to Caa1 as Covenant Waiver Looms
-------------------------------------------------------------------
Moody's Investors Service downgraded CCS Intermediate Holdings,
LLC's Corporate Family Rating to Caa1 from B3, its Probability of
Default Rating to Caa1-PD from B3-PD, and its senior secured first
lien bank credit facility ratings to B3 from B1.  At the same time,
Moody's also downgraded the company's senior secured second lien
term loan rating to Caa3 from Caa2.  The rating outlook is stable.

The rating action reflects the company's operating performance
weakness and the deterioration of credit metrics beyond Moody's
previous expectations, attributable to recent contract losses,
underperformance of certain contracts, and delays in the
realization of synergies since the merger with Correctional
Healthcare Companies ("CHC").  The downgrade also reflects Moody's
concerns related to the minimal cushion under the company's
financial covenants, due to earnings volatility and approaching
step-downs, and Moody's expectation that a waiver or an amendment
will be required over the next twelve months.

Following is a summary of Moody's rating actions:

CCS Intermediate Holdings, LLC.:

Ratings downgraded:

  Corporate Family Rating to Caa1 from B3
  Probability of Default Rating to Caa1-PD from B3-PD
  Senior secured first lien credit facilities, to B3 (LGD 3) from
   B1 (LGD 3)
  Senior secured second lien term loan, to Caa3 (LGD 5) from Caa2
   (LGD 5)

The rating outlook is stable.

RATINGS RATIONALE

CCS' Caa1 Corporate Family Rating reflects the company's very high
financial leverage, modest interest coverage, and business risks
associated with operating within the challenging correctional
healthcare segment.  The rating also reflects event risk associated
with the company's aggressive financial policy and acquisition
strategy.  Moreover, associated integration and execution risks
have materialized since the merger with CHC, and have delayed the
realization of synergies.  In addition, the ratings reflect
operating headwinds and margin compression due to recent contract
losses and underperformance of certain contracts. Further
constraining the rating are liquidity concerns related to the
company's modest cash flow and weak cushion under the company's
credit facility financial maintenance covenants.  The ratings are
supported by CCS's solid scale and market presence, good diversity
across customers and geographies, and strong market position in the
more attractive jails segment (as opposed to state or federal
prisons).  Moody's expects the company to realize significant cost
savings over the next twelve months.  The business is characterized
by minimal bad debt expense and modest capital investment needs.

The stable rating outlook reflects Moody's expectation that while
credit metrics will remain weak, the company will be successful in
obtaining a waiver or an amendment over the next few quarters if
the company fails to remain in compliance with financial
covenants.

The ratings could be upgraded if the company exhibits growth in
EBITDA from new contract opportunities or repays debt such that
adjusted debt to EBITDA approaches 6.0 times on a sustained basis,
free cash flow to debt is sustained above 3%, and cushion under the
company's credit facility financial covenants improves.

The ratings could be downgraded if operating performance
deteriorates further, or if it appears likely that the company will
breach a covenant and cannot obtain a waiver.  The ratings could
also be downgraded if the company experiences a loss of key
contract resulting in further erosion of credit metrics.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.

Based in Nashville, Tennessee, CCS Intermediate Holdings, LLC is a
leading provider of contract healthcare services (including
medical, dental, and behavioral health services) to patients in
correctional facilities owned or operated by state and local
governments, as well as private institutions.  CCS operates through
its primary subsidiaries, Correct Care Solutions, LLC and Jessamine
Healthcare, Inc., the parent company of Correctional Healthcare
Companies, Inc.  The company is privately-owned by affiliates of
Audax Private Equity, Frazier Healthcare, affiliates of GTCR, and
management, and generates annualized revenues in excess of $900
million.



CCS INTERMEDIATE: Moody's Lowers CFR to Caa1; Outlook Stable
------------------------------------------------------------
Moody's Investors Service downgraded CCS Intermediate Holdings,
LLC's Corporate Family Rating to Caa1 from B3, its Probability of
Default Rating to Caa1-PD from B3-PD, and its senior secured first
lien bank credit facility ratings to B3 from B1.  At the same time,
Moody's also downgraded the company's senior secured second lien
term loan rating to Caa3 from Caa2.  The rating outlook is stable.

The rating action reflects the company's operating performance
weakness and the deterioration of credit metrics beyond Moody's
previous expectations, attributable to recent contract losses,
underperformance of certain contracts, and delays in the
realization of synergies since the merger with Correctional
Healthcare Companies.  The downgrade also reflects Moody's concerns
related to the minimal cushion under the company's financial
covenants, due to earnings volatility and approaching step-downs,
and Moody's expectation that a waiver or an amendment will be
required over the next twelve months.

Following is a summary of Moody's rating actions:

CCS Intermediate Holdings, LLC.:

Ratings downgraded:

  Corporate Family Rating to Caa1 from B3
  Probability of Default Rating to Caa1-PD from B3-PD
  Senior secured first lien credit facilities, to B3 (LGD 3) from
   B1 (LGD 3)
  Senior secured second lien term loan, to Caa3 (LGD 5) from Caa2
   (LGD 5)

The rating outlook is stable.

RATINGS RATIONALE

CCS' Caa1 Corporate Family Rating reflects the company's very high
financial leverage, modest interest coverage, and business risks
associated with operating within the challenging correctional
healthcare segment.  The rating also reflects event risk associated
with the company's aggressive financial policy and acquisition
strategy.  Moreover, associated integration and execution risks
have materialized since the merger with CHC, and have delayed the
realization of synergies.  In addition, the ratings reflect
operating headwinds and margin compression due to recent contract
losses and underperformance of certain contracts. Further
constraining the rating are liquidity concerns related to the
company's modest cash flow and weak cushion under the company's
credit facility financial maintenance covenants.  The ratings are
supported by CCS's solid scale and market presence, good diversity
across customers and geographies, and strong market position in the
more attractive jails segment (as opposed to state or federal
prisons).  Moody's expects the company to realize significant cost
savings over the next twelve months.  The business is characterized
by minimal bad debt expense and modest capital investment needs.

The stable rating outlook reflects Moody's expectation that while
credit metrics will remain weak, the company will be successful in
obtaining a waiver or an amendment over the next few quarters if
the company fails to remain in compliance with financial
covenants.

The ratings could be upgraded if the company exhibits growth in
EBITDA from new contract opportunities or repays debt such that
adjusted debt to EBITDA approaches 6.0 times on a sustained basis,
free cash flow to debt is sustained above 3%, and cushion under the
company's credit facility financial covenants improves.

The ratings could be downgraded if operating performance
deteriorates further, or if it appears likely that the company will
breach a covenant and cannot obtain a waiver.  The ratings could
also be downgraded if the company experiences a loss of key
contract resulting in further erosion of credit metrics.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.

Based in Nashville, Tennessee, CCS Intermediate Holdings, LLC is a
provider of contract healthcare services (including medical,
dental, and behavioral health services) to patients in correctional
facilities owned or operated by state and local governments, as
well as private institutions.  CCS operates through its primary
subsidiaries, Correct Care Solutions, LLC and Jessamine Healthcare,
Inc., the parent company of Correctional Healthcare Companies, Inc.
The company is privately-owned by affiliates of Audax Private
Equity, Frazier Healthcare, affiliates of GTCR, and management, and
generates annualized revenues in excess of $900 million.



CHARLES COWIN: Secured Debts Non-Dischargeable, Court Says
----------------------------------------------------------
Countrywide Home Loans, Inc., Deutsche Bank National Trust Company,
Chase Home Finance, LLC, Wells Fargo Bank, N.A., and WMC Mortgage
Corporation, which held mortgages in three Houston properties,
filed an adversary proceeding alleging that Charles Cowin, a
real-estate developer, was involved in transactions designed to
deprive them of their securities interests in, and any of the
foreclosure sale proceeds from, the properties.  The plaintiffs
asserted claims under the Texas Theft Liability Act.

The bankruptcy court found and concluded that Cowin was liable and
that these debts were nondischargeable.  Cowin settled with Chase,
Wells Fargo, and WMC. Countrywide and Deutsche Bank remain as
appellees.  Cowin appeals from the findings and conclusions the
bankruptcy court.

Judge Lee H. Rosenthal of the United States District Court for the
Southern District of Texas, Houston Division, affirmed the
bankruptcy court's findings and conclusions and dismissed the case
with prejudice.

The case is captioned CHARLES PHILLIP COWIN, Appellant, v.
COUNTRYWIDE HOME LOANS, INC., et. al., Appellees, CIVIL ACTION NO.
H-13-1767 (S.D. Tex.).

A full text of the Opinion and Order dated September 29, 2015 is
available at http://is.gd/tXQIMbfrom Leagle.com.

Charles Phillip Cowin, Debtor/Appellant, represented by Kevin LeRoy
Colbert, Esq. -- The Law Office of Kevin L Colbert, JD LLM PLLC,
Richard L Fuqua, II, Esq. -- Fuqua & Assoc., William J Arland, Esq.
--  warland@thearlandlawfirm.com -- Arland & Associates, Donald
Louis Wyatt, Jr, Esq. -- don.wyatt@wyattpc.com -- Wyatt Gracey PC

Countrywide Home Loans, Inc, Appellee, represented by Joshua J
Bennett, Esq. -- jbennett@carterscholer.com -- Carter Stafford et
al, Michael J McKleroy, Jr, Esq. -- michael.mckleroy@akerman.com --
Akerman LLP & Robert Frank Maris, Esq. -- Maris & Lanier PC.


CNH INDUSTRIAL: S&P Assigns 'BB' Rating on Proposed Sr. Notes
-------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB' issue-level
rating to U.S.-based CNH Industrial Capital LLC's proposed senior
unsecured notes.  CNH Industrial Capital America LLC (unrated) and
New Holland Credit Co. LLC, each a wholly owned subsidiary of CNH
Industrial Capital, will guarantee the notes.  The company expects
to use the proceeds from this debt issuance for the purchase of
receivables, working capital, the repayment of maturing debt, or
other general corporate purposes.

S&P's rating on the proposed senior unsecured notes reflects the
company's reliance on secured debt, primarily through asset-backed
security transactions, which S&P believes encumbers a significant
majority (62% as of the end of 2014) of the assets on its balance
sheet and weakens the recovery prospects for its unsecured
debtholders in the event of a default.

Still, the company's ratio of secured debt to assets has declined
and it has access to unsecured committed credit lines, therefore
S&P views the proposed note issuance as a consistent step toward
achieving greater funding diversification.  This should gradually
reduce the company's reliance on the asset-backed securities
market, which S&P would consider to be a positive rating factor
over time.

CNH Industrial Capital is a wholly owned subsidiary of CNH
Industrial N.V. (CNH), a public limited liability company organized
under the laws of the Netherlands with its principal office located
in the U.K. CNH Industrial Capital is a captive finance company
that provides financial services for CNH's customers in the U.S.
and Canada.

S&P's 'BB+' corporate credit rating on CNH Industrial Capital
reflects S&P's long-term corporate credit rating on CNH, its
parent.  S&P views this subsidiary as a core holding of CNH, given
its strategic importance to the parent (financial services are a
key offering that facilitates the sale of CNH's equipment), CNH's
ability to influence its actions, and S&P's expectation that the
parent would provide financial support to the company in times of
need.  There is a support agreement between the two companies, and
CNH Industrial Capital's receivables account for about half of the
total managed portfolio of CNH's financial services organization
globally.

RATINGS LIST

CNH Industrial Capital LLC
Corporate Credit Rating               BB+/Stable/--

Ratings Assigned

CNH Industrial Capital LLC
Proposed Senior Unsecured Notes       BB



COYNE INTERNATIONAL: Sells Business Operations for $43.5 Million
----------------------------------------------------------------
Coyne International Enterprises Corp., a U.S. commercial laundry
service company, will sell its business operations to three
industrial laundry companies for a total of $43.45 million as part
of its Chapter 11 proceedings.  The transactions were approved on
October 29 by Judge Margaret Cangilos-Ruiz of the U.S. Bankruptcy
Court for the Northern District of New York in Syracuse.

The three buyers are Cintas Corporation, Prudential Overall Supply
Company and Clean Uniforms and More!

"Since filing for Chapter 11, we have focused our efforts on
concluding this process in an efficient and organized manner, and
ensuring a seamless transition of our customers and routes," said
Mark Samson, Coyne's CEO.  "We believe all three buyers -- Cintas,
Prudential Overall Supply and Clean Uniforms -- are each a good fit
for providing the high-quality service that customers have come to
expect from Coyne."

Specifics about the sales that Coyne expects to complete by
November 30, 2015, include:

Cintas will purchase Coyne's customers and inventory in Bristol,
Tennessee; Buffalo, New York; Cleveland, Ohio; London, Kentucky;
Syracuse, New York; and York, Pennsylvania, for $28.25 million.
Current Coyne employees may apply for any of Cintas' open
positions, which are listed at http://www.cintas.com/careers/

"As the premier uniform rental company in the industry, Cintas
provides high-quality, innovative products and caring service to
our customers.  We look forward to a smooth transition and the
opportunity to serve our new Coyne customers," said Todd Schneider,
President and COO of Cintas' Rental Division.

Prudential Overall Supply Company will purchase Coyne's operations
in Richmond, Virginia, and Greenville, South Carolina, for $10.2
million.  The company will accept job applications from current
Coyne employees.

"We are excited to offer Coyne Textile Services customers the best
possible service experience," said Tom Watts, President of
Prudential Overall Supply.  "The depth and experience of our
service team, along with our product and service offering, will
help us meet this goal."

Clean Uniforms and More! will purchase Coyne's customers and
inventory in New Bedford, Massachusetts, for $4 million and will
accept applications from Coyne employees for new positions.

"Like Coyne, Clean Uniforms and More! is a privately owned and
family-managed organization, one of the many synergies between our
companies," said Mark Bodzioch, President of Clean Uniforms and
More! "We look forward to welcoming Coyne's Massachusetts-based
clients into our circle, providing them with unmatched service that
is both professional and personal.  We are committed to working
closely with Coyne to ensure the transition goes smoothly."

In its Chapter 11 filing on July 31, 2015, and under rules approved
by the Bankruptcy Court, Coyne's existing senior management team
had a preliminary agreement to purchase the company's operations
and continue running the business unless the auction resulted in
higher bids.  Coyne will provide severance to all employees whom it
does not retain.

"We are disappointed that the existing Coyne team was outbid.  We
want to thank our hard-working employees for their dedication, our
customers for their loyalty and the employee union leaders who
ratified agreements with us prior to the auction," Mr. Samson said.
"We are pleased to have obtained a higher value for the company
during the auction and are using that additional money to increase
severance at the locations we lost."

During the year prior to its Chapter 11 filing, Coyne marketed its
assets to prospective industry and financial buyers unsuccessfully.
Except for Coyne's location in Richmond, Virginia, the company's
physical facilities are not included in these three sales and will
shut down.

Herrick, Feinstein LLP is representing Coyne as lead bankruptcy
counsel.  Coyne's financial advisor is CohnReznick LLP, and its
investment banker is SSG Capital Advisors, LLC.

Keating Muething & Klekamp PLL is representing Cintas. Norton Rose
Fulbright is representing Prudential Overall Supply Company.
Plourde, Bogue, Moylan & Marino, LLP is representing Clean Uniforms
and More!

                    About Coyne International

Coyne International Enterprises Corp. filed a Chapter 11 Bankruptcy
petition (Bankr. N.D.N.Y. Case No. 15-31160) on July 31, 2015.  The
petition was signed by Mark Samson as CEO.  

Herrick Feinstein LLP serves as the Debtor's general counsel.
Phillips Lytle LLP acts as the Debtor's local bankruptcy counsel.
Cohnreznick LLP is the Debtor's financial advisor.  SSG Capital
Advisors LLC is the Debtor's investment banker.  Rust Omni serves
the Debtor as claims and administrative agent.  Raab, Sturm &
Ganchrow, LLP acts as labor counsel to the Debtor.  Harbridge
Consulting Group, LLC serves as the Debtor's pension consultant.

Beveridge & Diamond PC is the Debtor's environmental counsel.  GZA
Geoenvironmental, Inc. serves as the Debtor's environmental
consultant.



CROSBY US: Moody's Lowers CFR to B3; Outlook Stable
---------------------------------------------------
Moody's Investors Service downgraded Crosby US Acquisition Corp's
Corporate Family Rating (CFR) to B3 from B2 and Probability of
Default Rating (PDR) to B3-PD from B2-PD.  Concurrently, Moody's
downgraded the first lien senior secured debt to B2 from B1 and the
second lien senior secured credit facility to Caa2 from Caa1. The
rating outlook is stable.

Moody's took these rating actions on Crosby US Acquisition Corp:

Ratings Downgraded:

  Corporate Family Rating, to B3 from B2;
  Probability of Default Rating, to B3-PD from B2-PD;
  $65 million senior secured first lien revolver due 2018, to B2
   (LGD3) from B1 (LGD3);
  $560 million senior secured first lien term loan due 2020, to B2

   (LGD3) from B1 (LGD3);
  $90 million senior secured second lien term loan due 2021, to
   Caa2 (LGD6) from Caa1 (LGD6).

The outlook is stable.

RATINGS RATIONALE

The ratings downgrade reflects the downturn in Crosby's oil and gas
end markets and weakness in global industrial manufacturing
activity that is leading to a sustained deterioration in the
company's credit metrics.  Moody's anticipates Crosby's total debt/
EBITDA will remain elevated at over 7 times for the next 12 months
(inclusive of Moody's standard accounting adjustments), a level
indicative of weakened credit metrics that are consistent with a B3
CFR.

The B3 CFR balances Crosby's high leverage of over 7 times and
exposure to capital-intensive and cyclical end markets against the
company's global presence, strong market position and meaningful
customer diversification.  Moody's anticipates further contraction
in Crosby's 2016 revenues due to ongoing end market weakness and
foreign currency headwinds.  However, Moody's also believes that
business conditions for the oil and gas end market, which
represents around a third of sales, will begin to improve as early
as the second half of 2016.  Operating margins are expected to
improve as the company begins to yield greater cost savings from
facility upgrades which are expected to be completed in 2017.  The
company's global footprint, strong market position, and good
product diversity for highly-engineered lifting & rigging equipment
and custom material handling solutions are supportive of the
company's rating.

Moody's anticipates Crosby will have an adequate liquidity profile
in 2016 supported primarily by a largely unused $65 million
revolving credit facility expiring in 2018.  Capital expenditures
are expected to be elevated over the next year driven by the
company's facility upgrades.  The company has secured additional
financing to fund this project.  Moody's believes the company's
cash balances plus revolver availability should be sufficient to
finance the company's cash outlays over the next 12 to 15 months.
Moody's does not anticipate borrowings will trigger the springing
first lien net leverage ratio, which applies if utilization exceeds
30% of the facility.  The company is expected to maintain good
headroom under the first lien net leverage ratio so long as the
market does not materially deteriorate in 2016.  There are no
financial maintenance covenants in the term loan.

The stable rating outlook reflects Moody's view that business
conditions in Crosby's oil and gas end markets are anticipated to
improve in the second half of 2016.

The rating could become pressured if the company's free cash flow
generation was anticipated to be negative for an extended period or
if liquidity deteriorates.  Moreover, EBITDA less capital
expenditures to interest below 1.5 times on a forecasted basis
could also result in a ratings downgrade.  The rating could also be
downgraded if the oil rig counts were anticipated to be depressed
well into 2017.

The company's high leverage and weak end markets make a ratings
upgrade within the next 12 months unlikely.  However, if the end
markets improved meaningfully and the company demonstrated the
capacity to maintain leverage below 6 times, the rating could
experience upward momentum.

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

Crosby US Acquisition Corp, a subsidiary of Crosby Worldwide Ltd,
is a manufacturer of highly-engineered lifting and rigging
equipment, as well as customized material handling solutions.  The
company is headquartered in Tulsa, Oklahoma and had annual revenues
of approximately $400 million through the LTM June 2015 period.



CROWN MEDIA: Posts $8.65 Million Net Income for Third Quarter
-------------------------------------------------------------
Crown Media Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $8.65 million on $106 million of net total revenue for the three
months ended Sept. 30, 2015, compared to net income of $14.9
million on $93.3 million of net total revenue for the same period
in 2014.

For the nine months ended Sept. 30, 2015, the Company reported net
income of $47.2 million on $320 million of net total revenue
compared to net income of $42.9 million on $281 million of net
total revenue for the same period during the prior year.

As of Sept. 30, 2015, the Company had $1.03 billion in total
assets, $500 million in total liabilities and $539 million in total
stockholders' equity.

"We are pleased with the accomplishments achieved during Third
Quarter, including the successful re-launch of our channels on
AT&T, the culmination of our debt refinancing and the continued
double-digit ratings growth for Hallmark Movies & Mysteries," said
Bill Abbott, president and CEO of Crown Media Family Networks.  "In
a continuously changing marketplace, we are achieving historical
audience levels and revenue milestones, underlining our ability to
engage viewers.  This momentum, along with our robust holiday
slate, should pave the way to a strong fourth quarter."

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

                       http://is.gd/D4Ky39

                        About Crown Media

Crown Media Holdings, Inc., is the corporate parent for the
portfolio of cable networks and related businesses under Crown
Media Family Networks.  The company currently operates and
distributes Hallmark Channel in both high definition (HD) and
standard definition (SD) to 86 million subscribers in the U.S.
Hallmark Channel is the nation's leading destination for quality
family programming with an ambitious slate of TV movies and
specials; original scripted series, including Cedar Cove, When
Calls the Heart, and Signed, Sealed, Delivered; as well as some of
television's most beloved sitcoms and series.  Hallmark Channel's
sibling network, Hallmark Movie Channel, is available in 54
million homes in HD and SD. One of America's fastest-growing cable
networks, Hallmark Movie Channel provides family-friendly original
movies with a mix of original films, classic theatrical releases,
and presentations from the acclaimed Hallmark Hall of Fame
library.  In addition, Crown Media Family Networks includes the
online offerings of http://www.HallmarkChannel.com/and
http://www.HallmarkMovieChannel.com/  

                           *     *     *

As reported by the TCR on July 3, 2015, Standard & Poor's Ratings
Services said that it raised its corporate credit rating on Crown
Media Holdings Inc. to 'BB-' from 'B+'.  "The upgrade reflects
Crown Media's improved financial risk profile," said Standard &
Poor's credit analyst Naveen Sarma.

As reported by the TCR on July 2, 2014, Moody's Investors Service
upgraded the Corporate Family Rating (CFR) of Crown Media
Holdings, Inc. to B1 from B2, its Probability of Default Rating to
B1-PD from B2-PD, and instrument ratings as detailed below.  The
outlook is stable.  The upgrade incorporates evidence of traction
with the original programming strategy and better than expected
performance, which, combined with debt reduction, improved the
credit profile.


CULLMAN REGIONAL: Moody's Affirms Ba1 Rating on Series 2009A Bonds
------------------------------------------------------------------
Moody's Investors Service affirms the Ba1 assigned to Cullman
Regional Medical Center (CRMC) Series 2009A bonds.  The action
affects $62.5 million of outstanding debt.  The outlook remains
stable.

SUMMARY RATING RATIONALE

The affirmation of the Ba1 rating acknowledges CRMC's notable
improvement in operations and management which remain outweighed by
the organization's small size, high leverage, and low adjusted cash
to comprehensive debt.  The challenging payor mix is exacerbated by
the concentration of one commercial payor.

OUTLOOK

The stable outlook reflects Moody's expectation that CRMC will
maintain operating performance more in line with recent years,
continue to build their cash position and continue to pay down
debt.

WHAT COULD MAKE THE RATING GO UP

  Continued growth of operating revenue and absolute cash,
   allowing the organization to continue deleveraging

  Maintenance of strong operating margin and operating cash flow
   margin

  Continued strengthening of the balance sheet resulting in
   greater unrestricted cash cushion

WHAT COULD MAKE THE RATING GO DOWN

  Increase in leverage and weakening of debt measures

  Inability to maintain above average margins

OBLIGOR PROFILE

Cullman Regional Medical Center is a small, 145 bed and $100
million in revenue hospital located in the county and city of
Cullman.  CRMC is a blended component unit of the Authority which
is component unit of Cullman County, Alabama.  CRMC is a level III
trauma center and operates a cardiac center.

LEGAL SECURITY

The bonds are secured by a revenue pledge (as defined in the bond
documents) of the Obligated Group, which consists of Cullman
Regional Medical Center, Inc. (an Alabama nonprofit corporation and
a 501(c)(3) organization) and the Health Care Authority of Cullman
County, and a mortgage on the land and buildings.

USE OF PROCEEDS

Not Applicable

PRINCIPAL METHODOLOGY

The principal methodology used in this rating was Not-for-Profit
Healthcare Rating Methodology published in March 2012.



DALTON PROPERTIES: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Dalton Properties LLC Mobile Home Park
           fka Tea Properties LLC
           fka Dalton Properties LLC
           fka ETD Properties L.L.C.
           fka Walton L.L.C.
           fka AAL Properties LLC
           fka Brook Creek Apartments
       80 wilwood Lake
       Morgantown, WV 26508
       Tel: 304-282-9328

Case No.: 15-01071

Chapter 11 Petition Date: November 3, 2015

Court: United States Bankruptcy Court
       Northern District of West Virginia (Clarksburg)

Debtor's Counsel: Martin P. Sheehan, Esq.
                  SHEEHAN & NUGENT, PLLC
                  41 15th Street
                  Wheeling, WV 26003
                  Tel: (304) 232-1064
                  Fax: (304) 232-1066
                  Email: sheehanbankruptcy@wvdsl.net

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Eric T. Dalton, member-manager.

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


EAGLE ROCK: S&P Raises CCR to 'B+' After Closing of Vanguard Deal
-----------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Eagle Rock Energy Partners L.P. to 'B+' from 'B-' and
removed it from CreditWatch, where S&P placed it with positive
implications on May 22, 2015.  This action followed the completion
of Vanguard Natural Resources LLC's acquisition of Eagle Rock on
Oct. 8, 2015.  At the same time, S&P raised Eagle Rock's senior
unsecured debt rating to 'B' from 'B-'.  This debt is now held by
Vanguard Operating, a wholly-owned subsidiary of Vanguard Natural
Resources.

Subsequently, S&P withdrew the corporate credit rating on Eagle
Rock at the issuer's request.

The rating actions follow the closing of Vanguard Natural Resources
acquisition of Eagle Rock Energy Partners for $474 million in
Vanguard common units, and the assumption of $180 million of Eagle
Rock's net debt.  S&P assess Eagle Rock as a "core" subsidiary of
Vanguard, as defined under S&P's group rating methodology, and thus
equalized its corporate credit rating on Eagle Rock to that of
Vanguard.  Subsequently, S&P withdrew the corporate credit rating
at the issuer's request.  

S&P has raised the issue-level rating on Eagle Rock's unsecured
debt to 'B' (equalized with the unsecured debt rating on Vanguard),
with a recovery rating of '5' (higher end of the range).  This debt
is now held by Vanguard Operating, a wholly-owned subsidiary of
Vanguard Natural Resources.



EDGEN GROUP: S&P Lowers CCR to 'B' then Withdraws Rating
--------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on U.S.-based specialty steel distributor Edgen Group
Inc. to 'B' following continued weakness in the global energy
market, which has significantly reduced earnings in the company's
OCTG segment.  The outlook is negative.

S&P subsequently withdrew all of its ratings, at the company's
request, following the early redemption of its senior secured notes
due 2020.



ENERGY CONVERSION: Clark Hill Fee Application Granted in Part
-------------------------------------------------------------
Judge Thomas J. Tucker of the United States Bankruptcy Court for
the Eastern District of Michigan, Southern Division, sustained in
part and overruled in part the objection of the Liquidation Trustee
of the Energy Conversion Devices Liquidation Trust to the fee
application filed by Clark Hill PLC, as counsel to the Official ECD
Creditors Sub-Committee of the Official Committee of Unsecured
Creditors.

The Fee Application is granted subject to certain relatively minor
reductions from the fee amount requested.

Judge Tucker denied in its entirety a supplemental request filed by
Clark Hill seeking approval of an additional $12,541 in fees for
work done by the firm in defending its Fee Application against the
Liquidation Trustee's Objection.

The case is In re: ENERGY CONVERSION DEVICES, INC., et al., Chapter
11, Debtors, CASE NO. 12-43166, (JOINTLY ADMINISTERED)(Bankr. E.D.
Mich.).

A full-text copy of the Opinion dated October 16, 2015 is available
at http://is.gd/wINbGwfrom Leagle.com.

Energy Conversion Devices, Inc., Debtor In Possession, represented
by Judy B. Calton, Esq. -- jcalton@honigman.com -- HONIGMAN MILLER
SCHWARTZ & COHN LLP, Aaron M. Silver, Esq., Daniel J. Weiner, Esq.

John Madden, Liquidating Trustee, represented by Tamar Dolcourt,
Esq. -- tdolcourt@foley.com -- FOLEY & LARDNER LLP, Robert S.
Hertzberg, Esq. -- hertzbergr@pepperlaw.com -- PEPPER HAMILTON LLP,
Christopher D. Kaye, Esq. -- cdk@millerlawpc.com -- THE MILLER LAW
FIRM PC, Deborah Kovsky-Apap, Esq. -- kovskyd@pepperlaw.com --
PEPPER HAMILTON LLP, Joseph R. Sgroi, Esq. -- jsgroi@honigman.com
--  HONIGMAN MILLER SCHWARTZ & COHN LLP, John A. Simon, Esq., James
D. VandeWyngearde, Esq. -- vandewyngearde@pepperlaw.com -- PEPPER
HAMILTON LLP, Lesley S. Welwarth, Esq. -- welwarth@pepperlaw.com --
PEPPER HAMILTON LLP

Daniel M. McDermott, U.S. Trustee, represented by Leslie K. Berg,
David Foust

Foley & Lardner LLP, Creditor Committee, represented by Judy A.
O'Neill, Esq. -- joneill@foley.com -- FOLEY & LARDNER LLP

Official Committee of Unsecured Creditors, Creditor Committee,
represented by David G. Dragich, Esq.

Official ECD Creditors Sub-Committee of the Official Committee of
Unsecured Creditors, Creditor Committee, represented by Robert D.
Gordon, Esq.

                       About Energy Conversion

Energy Conversion Devices -- http://energyconversiondevices.com/  
-- has a renowned 51 year history since its formation in Detroit,
Michigan and has been a pioneer in materials science and renewable
energy technology development.  The company has been awarded over
500 U.S. patents and international counterparts for its
achievements.  ECD's United Solar wholly owned subsidiary has been
a global leader in building-integrated and rooftop photovoltaics
for over 25 years.  The company manufactures, sells and installs
thin-film solar laminates that convert sunlight to clean,
renewable energy using proprietary technology.

ECD filed for Chapter 11 protection (Bankr. E.D. Mich. Case No.
12-43166) on Feb. 14, 2012.  Judge Thomas J. Tucker presides over
the case.  Aaron M. Silver, Esq., Judy B. Calton, Esq., and Robert
B. Weiss, Esq., at Honigman Miller Schwartz & Cohn LLP, in
Detroit, Michigan, represent the Debtor as counsel.  The Debtor
estimated assets and debts of between $100 million and $500
million as of the petition date.

The petition was signed by William Christopher Andrews, chief
financial officer and executive vice president.

Affiliate United Solar Ovonic LLC filed a separate Chapter 11
petition on the same day (Bankr. E.D. Mich. Case No. 12-43167).
Affiliate Solar Integrated Technologies, Inc., filed a petition
for relief under Chapter 7 of the Bankruptcy Code (Bankr. E.D.
Mich. Case No. 12-43169).

An official committee of unsecured creditors has been appointed in
the case.  Foley and Lardner, LLP represents the Committee.
Scouler & Company, LLC, serves as financial advisor.

The company had estimated in court papers that it was worth
$986 million, based on nearly $800 million of investment in the
manufacturing unit.

The Debtors canceled an auction to sell USO as a going concern and
discontinued the court-approved sale process after failing to
receive an acceptable qualified bid by the bid deadline.  Quarton
Partners served as the companies' investment banker.  The Debtors
also hired auction services provider Hilco Industrial to prepare
for an orderly sale of the companies' assets.

In August 2012, the Debtors won confirmation of their Second
Amended Chapter 11 Plan of Liquidation.  The Plan was declared
effective in September 2012.  Under the Plan, unsecured creditors
owed up to $337 million in claims were to expect a recovery
between 50.1% and 59.3%.  The Plan creates a trust to sell
remaining assets and distribute proceeds in the order of priority
laid out in bankruptcy law.


ENERGY FUTURE: Enters Last Phase of Bankruptcy
----------------------------------------------
Steven Church, writing for Bloomberg News, reported that Energy
Future Holdings Corp., after 18 months in bankruptcy, started what
it hopes will be the final phase of its reorganization on Nov. 3,
pushing for approval of its fourth major restructuring proposal.

According to the report, the Dallas-based power provider is asking
U.S. Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware,
to sign off on a deal that splits it in half.  The question will be
answered in a two-part trial that began Nov. 3, the report
related.

The deal would create a power distribution unit, including Oncor,
Texas's biggest electric-transmission system, and a power
generating unit, the report further related.  Each half would be
owned by separate groups of creditors including big name hedge
funds specializing in distressed debt, the report added.

                 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.


ESTMORELAND COAL: J. Gendell Reports 8.3% Stake as of Oct. 23
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Jeffrey L. Gendell disclosed that as of Oct. 23, 2015,
he beneficially owns 1,492,898 shares of common stock of
Westmoreland Coal Company, representing 8.3 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/90RBqx

                      About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest
independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland Coal Company reported a net loss applicable to common
shareholders of $173 million in 2014, a net loss applicable to
common shareholders of $6.05 million in 2013 and a net loss
applicable to common shareholders of $8.58 million in 2012.

As of June 30, 2015, the Company had $1.7 billion in total assets,
$2.2 billion in total liabilities and a $423 million total
deficit.

                            *     *     *

As reported by the TCR on Nov. 20, 2014, Standard & Poor's Rating
Services raised its corporate credit rating on Westmoreland Coal
Co. one-notch to 'B' from 'B-'.  "The stable outlook is supported
by Westmoreland's committed sales position over the next year,
which should result in stable cash flows," said Standard & Poor's
credit analyst Chiza Vitta.

Moody's upgraded the corporate family rating (CFR) of Westmoreland
Coal Company to 'B3' from 'Caa1', and assigned 'Caa1' rating to the
company's proposed new $300 million First Lien Term Loan, the TCR
reported on Nov. 20, 2014.  The upgrade of the CFR reflects the
company's successful integration of the Canadian mines acquired in
April 2014, and Moody's expectation that the company's Debt/ EBITDA
will track at around 5x in 2015 and 2016 and that the company will
be break-even to modestly free cash flow positive over the same
time period.


EXCO RESOURCES: S&P Lowers CCR to 'SD' on Note Repurchase
---------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Dallas-based EXCO Resources Inc. to 'SD' (selective
default) from 'CCC+'.

"The downgrade follows Exco's announcement that the company has
entered into an agreement to repurchase a portion of its senior
unsecured notes at a significant discount to par," said Standard &
Poor's credit analyst Christine Besset.

The company will repurchase $252 million of aggregate principal
amount of notes in exchange for $109 million of senior secured
second-lien loans, at a 57% discount to par.  S&P views the
repurchase as a distressed exchange because at the close of the
transaction investors receive less than what was promised on the
original securities.

S&P notes that the repurchase reduces the company's approximately
$1.28 billion of total debt by a $143 million, marginally improving
financial leverage.

S&P expects to review the corporate credit and issue-level ratings
after the transaction closes.  S&P's analysis will incorporate the
challenging operating environment for oil and gas companies at
current commodity prices, Exco's high, though marginally improved,
leverage and our assessment of the company's liquidity position in
2016 and 2017.



EXECUTIVE TITLE: Celtic Bank Case Against Non-Debtor Can Proceed
----------------------------------------------------------------
Celtic Bank Corporation brings a suit seeking a judgment of
foreclosure against Executive Title, Inc. , because Executive Title
allegedly defaulted on a loan Celtic had extended in connection
with a purchase of real property.

Celtic also seeks a judgment for breach of an unconditional
guarantee against Martha Tovias based on the alleged default.
Defendant Fernando R. Carranza & Associates is a tenant of the
subject property.  After Celtic instituted the action, Executive
Title filed for bankruptcy protection, triggering an automatic stay
of the case with respect to it.  The parties disagree as to whether
the case should proceed against Tovias despite the automatic stay.
Before the court is Celtic's motion to proceed against Tovias.

Judge Young B. Kim of the United States District Court for the
Northern District of Illinois, Eastern Division, granted Celtic's
motion.

The case is CELTIC BANK CORPORATION, a Utah chartered bank,
Plaintiff, v. EXECUTIVE TITLE, INC., f/k/a, Protect 1 Title, Inc.,
an Illinois corporation, MARTHA E. TOVIAS, and FERNANDO R. CARRANZA
& ASSOCIATES, Defendants, NO. 15 CV 30 (N.D. Ill.).

A full-text copy of the Memorandum Opinion and Order dated October
13, 2015 is available at http://is.gd/Oqd5vXfrom Leagle.com.

Celtic Bank Corporation, Plaintiff, represented by Andrew Neal
Levine, Esq. -- alevine@orourkeandmoody.com -- O'Rourke & Moody &
Brian J. Stefanich, Esq. -- bstefanich@orourkeandmoody.com --
O'rourke & Moody

Defendants, represented by Fernando Rogelio Carranza, Jr., Fernando
R. Carranza & Associates, Cicero, Illinois, Phone: 708-298-0106,
800-459-0950 (Toll free) Fax: 708-416-0043.


FAIRWAY GROUP: S&P Lowers CCR to 'CCC+'; Outlook Negative
---------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on New York City-based Fairway Group Holdings Corp. to
'CCC+' from 'B-'.  The outlook is negative.

At the same time, S&P lowered its issue-level ratings on Fairway's
$40 million 2017 revolver and $275 million 2018 term loan to 'CCC+'
from 'B-'.  The '4' recovery rating reflects S&P's expectation for
average recovery in the event of payment default in the upper half
of the 30% to 50% range.

"The downgrade reflects our belief that Fairway needs to undergo a
fundamental change in its capital structure to operate the business
effectively in coming years," said credit analyst Diya Iyer.
"Management is currently unable to commit funds for direct
marketing or discount on a sustained basis because of covenant
constraints.  We believe the likelihood of the capital structure
improving absent a successful restructuring of its debt burden is
low given our expectations for operating performance."

The negative outlook reflects S&P's view that Fairway will continue
to find it challenging to outgrow its current capital structure
given its new store growth plans and limited funding for strategies
to restore positive comparable-store sales.  As a result, S&P
remain cautious on the company's ability to avoid a covenant
default scenario absent a covenant waiver under its credit
facilities or a sizable new investor infusion.

A downgrade would indicate specific default scenarios envisioned
for Fairway over the next 12 months from further weak performance
or if the company cannot obtain new investor money to deleverage
its balance sheet.  In this situation S&P would view Fairway's
capital structure as unsustainable, with potential for a near-term
payment default if its liquidity conditions deteriorate further
from increased working capital or other needs.

An upgrade would reflect a sustainable capital structure put in
place from new investor equity contributions to reduce funded debt
levels, resulting in a significant deleveraging of the company well
below its current 10x as well as improved liquidity.  In addition,
S&P would need to see Fairway demonstrate better operating
performance from stabilized sales and profitability trends
resulting in enhanced cash flow generation.


FAMILY CHRISTIAN: Plan Administrator Seeks to Close 2 Cases
-----------------------------------------------------------
Gary Murphey, plan administrator for debtors Family Christian, LLC,
et. al., and their estates, asks the U.S. Bankruptcy Court for the
Western District of Michigan, to authorize the modification of the
case captions of the bankruptcy cases and to close the bankruptcy
cases of Family Christian Holding, LLC and FCS Giftco, LLC.

Mr. Murphey relates that the Court's Sale Order authorized and
approved the Debtors' sale of substantially all of their assets to
FCS Acquisition, LLC, pursuant to their Asset Purchase Agreement.
Mr. Murphey further relates that FCS Acquisition acquired, among
other things, all Intellectual Property of the Debtors, including,
the rights to the Family Christian name. Mr. Murphey tells the
court that pursuant to the Plan the Debtors' names are deemed
changed automatically and the Debtors are required to change their
names on all pleadings in the bankruptcy cases. Mr. Murphey further
tells the Court that pursuant to the Plan, the Court's Confirmation
Order shall act as a final decree, formally closing the bankruptcy
cases of Family Christian Holding, LLC and FCS Giftco, LLC.

                      U.S. Trustee Objection

Daniel M. McDermott, United States Trustee for Region 9, contends
that according to his calculations, the estates of the two cases
that are proposed to be closed, Family Christian Holding, LLC, and
FCS Giftco, LLC, owe unpaid quarterly fees for the third quarter of
2015.  Mr. McDermott further contends that they now also owe
quarterly fees for the current fourth quarter of 2015.  Mr.
McDermott calculates that each of these two estates owes at least
$650 in quarterly fees.  He asserts that these fees should be paid
before the Court permits the closing of these two cases.

Gary Murphey, Plan Administrator, is represented by:

          A. Todd Almassian, Esq.
          Greg J. Ekdahl, Esq.
          KELLER & ALMASSIAN, PLC
          230 East Fulton Street
          Grand Rapids, MI 49503
          Telephone: (616)364-2100
          E-mail: talmassian@kalawgr.com
                  gekdahl@kalawgr.com

                  - and -

          Erich N. Durlacher, Esq.
          Brad A. Baldwin, Esq.
          BURR & FORMAN LLP
          Suite 1100, 171 17th Street, N.W.
          Atlanta, Georgia 30363
          Telephone: (404)815-3000
          Facsimile: (404)817-3244
          E-mail: edurlacher@burr.com
                  bbaldwin@burr.com

Daniel M. McDermott, United States Trustee for Region 9, is
represented by:

          Michael V. Maggio, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          United States Department of Justice
          The Ledyard Building, Second Floor
          125 Ottawa Avenue NW, Suite 200R
          Grand Rapids, Michigan 49503
          Telephone: (616)456-2002, ext. 114

                      About Family Christian

Family Christian Holding, LLC, is the sole owner and member of
Family Christian, LLC, which operates and runs Family Christian
stores, one of the largest retail sellers of Christian books,
music, DVDs, church supplies, and other faith based merchandise.

Family Christian, LLC, Family Christian Holding, LLC, and
FCS Giftco, LLC, filed Chapter 11 bankruptcy petitions (Bankr.
W.D. Mich. Lead Case No. 15-00643) on Feb. 11, 2015.  The petition
was signed by Chuck Bengochea as president and CEO.  The Debtors
estimated assets and liabilities of $50 million to $100 million.

The Debtors are being represented by Todd Almassian, Esq., at
Keller & Almassian PLC, and Erich Durlacher, Esq., Brad Baldwin,
Esq., Bryan Glover, Esq., at Burr & Forman LLP as counsel.

The U.S. Trustee for Region 9 appointed seven creditors of Family
Christian LLC to serve on the official committee of unsecured
creditors.



FOUNDATION HEALTHCARE: Posts $339,000 Net Income for 3rd Quarter
----------------------------------------------------------------
Foundation Healthcare, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
attributable to Foundation Healthcare common stock of $339,182 on
$32.59 million of revenues for the three months ended Sept. 30,
2015, compared to net income attributable to Foundation Healthcare
common stock of $154,163 on $27.42 million of revenues for the same
period in 2014.

For the nine months ended Sept. 30, 2015, the Company recorded
net income attributable to Foundation Healthcare common stock of
$3.54 million on $94.00 million of revenues compared to a net loss
attributable to Foundation Healthcare common stock of $3.24 million
on $71.13 million of revenues for the same period a year ago.

As of Sept. 30, 2015, the Company had $56.65 million in total
assets, $58.72 million in total liabilities, $7.83 million in
preferred noncontrolling interest and a $9.90 million total
deficit.

"Patient care is our number one priority at Foundation HealthCare
and a key differentiator in our business model," said Stanton
Nelson, CEO of Foundation HealthCare.  "Our physician partners and
our clinical teams continue to perform at a high level which is why
we believe our patient satisfaction scores are some of the highest
in the country."

"Patient service revenues grew 23% in the third quarter of 2015
compared to the same period last year.  Year-to-date growth in
patient service revenues has been 37%," said Nelson.  "This
continued revenue growth validates our business strategy of
recruiting top tier physicians, providing our patients with an
unparalleled health experience and expanding ancillary services."


At Sept. 30, 2015, cash and cash equivalents totaled $4.8 million,
compared to $2.9 million at December 31, 2014.

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

                        http://is.gd/gnjjPL
  
                    About Foundation Healthcare

Oklahoma-based Foundation Healthcare is a healthcare services
company primarily focused on owning controlling interests in
surgical hospitals and the inclusion of ancillary service lines.
The Company currently owns controlling and noncontrolling
interests in surgical hospitals located in Texas.  The Company
also owns noncontrolling interests in ambulatory surgery centers
("ASCs") located in Texas, Oklahoma, Pennsylvania, New Jersey,
Maryland and Ohio.

Additionally, the Company provides sleep testing management
services to various rural hospitals in Iowa, Minnesota, Missouri,
Nebraska and South Dakota under management contracts with the
hospitals.  The Company provides management services to a majority
of its Affiliates under the terms of various management
agreements.  Prior to Dec. 2, 2013, the Company's name was
Graymark Healthcare, Inc.

Foundation Healthcare reported a net loss attributable to the
Company common stock of $2.09 million on $101.9 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
attributable to the Company common stock of $20.4 million on $87.2
million of revenues in 2013.

Hein & Associates LLP, in Denver, Colorado, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company had insufficient working capital as of Dec. 31, 2014, to
fund anticipated working capital needs over the next twelve
months.


FREDDIE MAC: Won't Seek U.S. Aid After First Loss Since 2011
------------------------------------------------------------
Cheyenne Hopkins, writing for Bloomberg News, reported that Freddie
Mac moved closer to needing another dose of U.S. Treasury
Department aid after reporting its first quarterly loss since 2011
stemming mostly from accounting for hedges against interest-rate
risk.

According to the report, the company, which has operated under
federal conservatorship since it was seized along with rival Fannie
Mae in 2008, had positive net worth of $1.3 billion after a
half-billion dollar loss for the third quarter, according to a
statement released Nov. 3.  That means it won't need to add to the
$71.3 billion in aid it has received since the financial crisis or
the $96.5 billion it has sent to Treasury after regaining
profitability in 2012, the report said.  In the third quarter, the
company had derivative losses of $4.2 billion, mainly due to
accounting treatment for hedged assets and liabilities as interest
rates declined, the report added.






GELTECH SOLUTIONS: Borrows $200,000 From Reger
----------------------------------------------
GelTech Solutions, Inc., on Oct. 29, 2015, issued Mr. Reger a
$200,000 7.5% secured convertible note in consideration for a
$200,000 loan, according to a regulatory filing with the Securities
and Exchange Commission.  The note is convertible at $0.53 per
share and matures on Dec. 31, 2020.  Repayment of the note is
secured by all of the Company's assets including its intellectual
property and inventory in accordance with a secured line of credit
agreement between the Company and Mr. Reger.  Additionally, the
Company issued Mr. Reger 188,680 two-year warrants exercisable at
$2.00 per share.

All of the securities were issued without registration under the
Securities Act of 1933 in reliance upon the exemption provided in
Section 4(a)(2) and Rule 506(b) thereunder.

                           About GelTech

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

GelTech Solutions reported a net loss of $5.51 million on $800,000
of sales for the year ended June 30, 2015, compared to a net loss
of $7.11 million on $815,000 of sales for the year ended June 30,
2014.

As of June 30, 2015, the Company had $1.69 million in total assets,
$5.24 million in total liabilities and a $3.55 million in total
stockholders' deficit.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company has a net
loss and net cash used in operating activities in 2015 of $5.51
million and $3.66 million, respectively and has an accumulated
deficit and stockholders' deficit of $40,647,303 and $3,550,528,
respectively, at June 30, 2015.  These matters raise substantial
doubt about the Company's ability to continue as a going concern.


GENWORTH MORTGAGE: Moody's Puts Ba1 Rating on Review for Upgrade
----------------------------------------------------------------
Moody's Investors Service has placed the Ba1 insurance financial
strength rating of Genworth Mortgage Insurance Corporation on
review for upgrade.

The rating action was prompted by the announcement by GMICO's
parent, Genworth Financial Inc. (Genworth, NYSE: GNW), that GMICO
would be compliant with the private mortgage insurer eligibility
requirements (PMIERS), with a prudent buffer, when taking into
account an excess of loss reinsurance transaction on its 2015 block
of business, that was effective on October 1, 2015 and is pending
approval by Fannie Mae and Freddie Mac (the government-sponsored
enterprises, or GSEs).  Moody's stated that execution of the 2015
reinsurance transaction is credit positive for GMICO because it
improves the company's ability to comply with the PMIER capital
requirements, effective Dec. 31, 2015, and contributes to the
company's excess assets above the minimum requirement that help
handle volatility in its PMIER capital position.  Moody's added,
that the recently announced agreement to sell the company's
European mortgage insurance operations -- that is pending customary
closing conditions and regulatory approvals -- will further bolster
the company's level of compliance against the PMIER capital
requirements.

Genworth stated, that this reinsurance transaction, which is
pending approval from the GSEs, has similar terms and conditions to
the two recent reinsurance transactions approved by the GSEs.

RATINGS RATIONALE

Moody's notes that the review for upgrade reflects GMICO's expected
ability to comply with the PMIER requirements on the effective
date, including an appropriate level of excess capital to handle
volatility in its capital position, and its improving financial and
business fundamentals, including a continued reduction in legacy
losses and strong credit characteristics of new business.

Genworth has taken a number of steps to eliminate a shortfall in
assets required under the PMIERs that Genworth previously estimated
totaled $500-$700 million.  These steps include approximately $525
million in PMIERs capital credit year-to-date from three
reinsurance transactions covering the 2009 through 2015 books of
business, and the sale to its parent, for approximately $200
million in cash, of affiliate-issued preferred securities that did
not receive capital credit under the PMIERs.  GMICO is well
capitalized under traditional measures, with a reported
risk-to-capital ratio of 14.3:1 as of Sept. 30, 2015.

Moody's stated that while it considers the addition of excess of
loss reinsurance, and the improved level of PMIER compliance that
it affords, to be credit positive for GMICO, it does not consider
reinsurance to be of equivalent quality to equity as a source of
capital.  In the current environment, reinsurance is an efficient
addition to a mortgage insurer's capital structure, but is less
fungible, and lacks some of the permanence of equity as a source of
capital, and as such, would offer a diminishing improvement in the
company's credit profile as the proportion of reinsurance to equity
capital increases.

In addition to the rating action on GMICO, Moody's has withdrawn
the Ba1, positive IFS rating of Genworth Residential Mortgage
Insurance Corporation of North Carolina, which was merged into
GMICO as part of an internal legal entity restructuring completed
on Oct. 1, 2015.

RATING DRIVERS

Moody's stated that an upgrade of GMICO's Ba1 (review for upgrade)
IFS rating is likely on GSE approval of the 2015 excess of loss
reinsurance transaction.  Because the rating is on review for
upgrade, Moody's does not consider a downgrade likely at this
stage, however the rating could be confirmed at its current level
if the 2015 reinsurance agreement is not approved by the GSEs.

LIST OF RATING ACTIONS

This rating has been placed on review for upgrade:

  Genworth Mortgage Insurance Corporation at Ba1

This rating has been withdrawn:

  Genworth Residential Mortgage Insurance Corporation of North
   Carolina at Ba1

The principal methodology used in these ratings was Mortgage
Insurers published in April 2015.



GEOMET INC: Incurs $3.8 Million Net Loss in Third Quarter
---------------------------------------------------------
GeoMet, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss available to
common stockholders of $3.76 million for the three months ended
Sept. 30, 2015, compared to a net loss available to common
stockholders of $2.03 million for the same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss available to common stockholders of $8.21 million compared
to net income available to common stockholders of $55.28 million
for the same period during the prior year.

As of Sept. 30, 2015, the Company had $18.82 million in total
assets, $138,000 in total liabilities, $52.81 million in series A
convertible redeemable preferred stock and a $34.12 million total
stockholders' deficit.

As of Sept. 30, 2015, the Company's remaining balance of cash
totaled approximately $18.6 million.

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

                      http://is.gd/mgegXb

                        About Geomet Inc.

Houston, Texas-based GeoMet, Inc., is an independent energy
company primarily engaged in the exploration for and development
and production of natural gas from coal seams (coalbed methane)
and non-conventional shallow gas.  Its principal operations and
producing properties are located in the Cahaba and Black Warrior
Basins in Alabama and the central Appalachian Basin in Virginia
and West Virginia.  It also owns additional coalbed methane and
oil and gas development rights, principally in Alabama, Virginia,
West Virginia, and British Columbia.  As of March 31, 2012, it
owns a total of 192,000 net acres of coalbed methane and oil and
gas development rights.

As reported by the TCR on Feb. 20, 2015, GeoMet said it has no
operations and minimal assets, which raises substantial doubt about
its ability to return any additional value to its stockholders.
The Company added it may file a plan of dissolution if it cannot
consummate a corporate transaction/merger prior to the third
quarter of 2015.


GR ROGUEWOOD: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: GR Roguewood, LLC
        325 A St., Ste. 3
        Ashland, OR 97520

Case No.: 15-63715

Chapter 11 Petition Date: November 3, 2015

Court: United States Bankruptcy Court
       District of Oregon

Judge: Hon. Thomas M Renn

Debtor's Counsel: Julia I Manela, Esq.
                  THE SCOTT LAW GROUP
                  497 Oakway Rd #245
                  Eugene, OR 97401
                  Tel: (541) 868-8005
                  Email: ecf@scott-law-group.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Elizabeth Bauer, manager, Gilded Rogue
Enterprises, LLC, manager of Debtor.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/orb15-63715.pdf


HENKEL TRUCKING: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Henkel Trucking LLC
        420 E. Forest St.
        Lone Rock, WI 53556

Case No.: 15-13952

Chapter 11 Petition Date: November 3, 2015

Court: United States Bankruptcy Court
       Western District of Wisconsin (Madison)

Judge: Hon. Robert D. Martin

Debtor's Counsel: Roger Gene Merry, Esq.
                  MERRY LAW OFFICES
                  1518 11th Street, Ste 1-1
                  Monroe, WI 53566
                  Tel: (608) 325-2065
                  Email: merrylaw1@tds.net

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kenneth M. Henkel, owner.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wieb15-13952.pdf


HERCULES OFFSHORE: Fleet Status Report Filed
--------------------------------------------
Hercules Offshore, Inc. on October 27, 2015, posted on its Web site
at http://www.herculesoffshore.com/a report entitled "Hercules
Offshore Fleet Status Report".   The Fleet Status Report includes
the Hercules Offshore Rig Fleet Status (as of October 27, 2015),
which contains information for each of the Company's drilling rigs,
including contract dayrate and duration. The Fleet Status Report
also includes the Hercules Offshore Liftboat Fleet Status Report,
which contains information by liftboat class for September 2015,
including revenue per day and operating days.

                      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.


IDEAL MORTGAGE: Global Appraisal Claims Disallowed
--------------------------------------------------
Judge Louis A. Scarcella of the United States Bankruptcy Court for
the Eastern District of New York denied Laurence Holzer,
individually and as managing member of Global Appraisal Solutions,
LLC's motion to allow its claims against Ideal Mortgage Bankers
Ltd., a/k/a Lend America, and a/k/a Consumer First Lending Key.

Judge Scarcella granted R. Kenneth Barnard, Esq., the Chapter 7
Trustee's objection to the motion to the extent that Holzer's Claim
No. 4-1 and Claim No. 4-2 will each be disallowed and expunged from
the Court's Claims Register, and Claim No. 27 will be reclassified
from a secured claim to a general unsecured claim.

The case is In re: IDEAL MORTGAGE BANKERS, LTD., a/k/a LEND
AMERICA, a/k/a CONSUMER FIRST LENDING KEY, Debtor, CASE NO.
10-79280-LAS (Bankr. E.D.N.Y.).

A full-text copy of the Memorandum Decision dated October 14, 2015
is available at http://is.gd/lsSmLZfrom Leagle.com.

R Kenneth Barnard, Trustee, represented by Ronald J Friedman, Esq.
-- RFriedman@SilvermanAcampora.com -- SilvermanAcampora LLP, Adam L
Rosen, Esq. -- arosen@diamondmccarthy.com -- Diamond McCarthy LLP,
Lon J Seidman, Esq. -- lseidman@diamondmccarthy.com -- Diamond
McCarthy LLP.


INDUSTRIAL ENTERPRISES: Esposito Bid to Revoke Plan Order Denied
----------------------------------------------------------------
Judge Brendan Linehan Shannon tossed a motion filed by Michael C.
Esposito to revoke confirmation of the Chapter 11 Plan of
Reorganization for Industrial Enterprises of America, Inc.

Norman L. Pernick, Chapter 11 trustee for Pitt Penn Holding Co.,
Inc., et al., objected to the motion, noting that Mr. Esposito is
not a creditor of IEAM or any other affiliated debtor.  The Trustee
also said that the motion to revoke is procedurally deficient and
substantively without any merit, and must be denied.

Mr. Esposito filed the Motion to Revoke on Feb. 23, 2015, stating
that since the confirmation hearing, IEAM has incurred over $1.3
million of professional fee billings.  If the Plan was to go
effective, the cash deficit to go effective would be well over $2
million.  Since there is no effective date in sight, however, the
figure will only materially increase over the ensuing months.

"The Motion of Michael C. Esposito to Revoke Confirmation of the
Chapter 11 Plan of Reorganization for Industrial Enterprises of
America, Inc., under Section 1144 of the Bankruptcy Coke is DENIED
because an adversary proceeding was not filed within 180 days after
the entry of the Confirmation Order as required by Sec. 1144 and
Federal Rule of Bankruptcy Procedure 7001(5)", Judge Shannon
ruled.

"The Request for Sanctions against Michael C. Esposito is DENIED
WITHOUT PREJUDICE."

                      Plan Confirmation Order

As reported in the TCR, Judge Brendan Linehan Shannon confirmed, on
Aug. 28, 2014, the Plan of Liquidation filed by Norman L. Pernick,
the court-appointed Chapter 11 trustee for Industrial Enterprises
of America, Inc.

In accordance with the Plan, the Trustee will execute the IEAM
Liquidating Trust Agreement and take all actions necessary to
establish the IEAM Liquidating Trust.  The IEAM Liquidating Trust
will be funded with $500,000 with $500,000 on the effective date.
The reserve will be replenished up to $500,000 as litigation
proceeds are realized.  The replenishment will come first from the
72% of the estate's recovery in litigation and next, to the extent
necessary, Omtammot's 28% claim of the estate's recovery in
litigation.

                          About Pitt Penn

Pitt Penn Holding Co., Inc., and Pitt Penn Oil Co., LLC, each filed
voluntary petitions for Chapter 11 relief (Bankr. D. Del. Case Nos.
09-11475 and 09-11476) on April 30, 2009.  Industrial Enterprises
of America, Inc., f/k/a Advanced Bio/Chem, Inc., filed for Chapter
11 protection (Bankr. D. Del. Case No. 09-11508) on May 1, 2009.

EMC Packaging, Inc., filed a voluntary petition for Chapter 11
relief (Bankr. D. Del. Case No. 09-11524) on May 4, 2009.  Unifide
Industries, LLC, and Today's Way Manufacturing LLC, each filed a
voluntary petition for Chapter 11 relief (Bankr. D. Del. Case Nos.
09-11587 and 09-11586) on May 6, 2009.

PPH, PPO, EMC, Unifide, and Today's Way are each subsidiaries of
IEAM.  The cases are jointly administered under Case No. 09-11475.

Christopher D. Loizides, Esq., at Loizides, P.A., in Wilmington,
Del., represents the Debtors as counsel.  In its petition,
Industrial Enterprises disclosed total assets of $50,476,697 and
total debts of $17,853,997.

Industrial Enterprises originally operated as a holding company
with four wholly owned subsidiaries, PPH, EMC, Unifide, and Today's
Way.  PPH, through its wholly owned subsidiary, PPO, was a leading
manufacturer, marketer and seller of automotive chemicals and
additives.

EMC's original business consisted of converting hydrofluorocarbon
gases R134a and R152a into branded private label refrigerant and
propellant products.  Unifide was a leading marketer and seller of
automotive chemicals and additives.  Today's Way manufactured and
packaged the products which were sold by Unifide.

Norman L. Pernick was appointed as the chapter 11 trustee for the
Debtors.  The trustee tapped Cole, Schotz, Meisel, Forman &
Leonard, P.A., as counsel, and CohnReznick LLP as his exclusive
financial advisor.


INSITE VISION: Closes Merger with Sun Pharmaceutical
----------------------------------------------------
As previously disclosed, on Sept. 15, 2015, InSite Vision
Incorporated, Ranbaxy, Inc., an indirect wholly owned subsidiary of
Sun Pharmaceutical Industries Ltd., and Thea Acquisition Corp.,
("Merger Sub") a direct wholly owned subsidiary of Ranbaxy, entered
into an Agreement and Plan of Merger, providing for the acquisition
of the Company by Ranbaxy at a purchase price of $0.35 per share.

Pursuant to the Merger Agreement, on Sept. 29, 2015, Merger Sub
commenced a cash tender offer to purchase all outstanding shares of
the common stock, par value $0.01 per share, of the Company, at a
price of $0.35 per share, without interest and less any withholding
of taxes required by applicable law.

Following the expiration of the Offer at 12:00 midnight, New York
City time, on Oct. 27, 2015, Merger Sub accepted for payment
104,216,642 shares of Common Stock, representing approximately 79%
of the outstanding shares of Common Stock.  An additional 379,349
shares of Common Stock were tendered by notice of guaranteed
delivery, representing, when combined with the shares of Common
Stock tendered and not properly withdrawn from the Offer,
approximately 79.27% of the outstanding shares of Common Stock.

Pursuant to the Merger Agreement, Merger Sub exercised the "top-up
option" to acquire an additional 141,599,389 newly issued shares of
Common Stock from the Company on Oct. 30, 2015, at a price per
share equal to the $0.35 per share offer price in the Offer,
following which Merger Sub held more than 90% of the outstanding
shares of Common Stock.  Pursuant to the terms and conditions of
the Merger Agreement, Merger Sub was merged with and into the
Company on Nov. 2, 2015, in accordance with applicable provisions
of Delaware law that authorize the consummation of the Merger
without a vote or meeting of stockholders of the Company.  At the
effective time of the Merger, each outstanding share of Common
Stock not tendered in the Offer was converted into the right to
receive $0.35 in cash, without interest thereon and less any
applicable withholding taxes.  In addition:

   * At the Effective Time, each option to purchase shares of
     Common Stock, (i) to the extent not then vested or
     exercisable, became fully vested and exercisable and (ii) was
     cancelled in exchange for a cash payment in an amount equal
     to the excess, if any, of $0.35 over the exercise price of
     such InSite Option.

   * Pursuant to the terms of the outstanding warrants to purchase
     Common Stock, as a result of the Merger, each holder of an
     InSite Warrant has the right to elect, during the period
     beginning on the date of public announcement of the Merger
     and ending 45 days after public announcement of the
     completion of the Merger, to surrender his, her or its InSite

     Warrants to the Company as the surviving corporation of the
     Merger in return for a cash payment equal to the Black-
     Scholes value of such holder's InSite Warrants in lieu of
     continuing to hold its InSite Warrants.  With respect to
     InSite Warrants for which an election described in the
     preceding sentence does not occur within the time specified
     in the InSite Warrant, such InSite Warrants were cancelled
     and will only entitle the holder of the InSite Warrant to
     receive at such time an amount in cash determined by (A)
     multiplying (1) the number of shares of Common Stock issuable

     upon exercise of the InSite Warrant immediately prior to the
     Effective Time by (2) the excess, if any, of $0.35 over the
     exercise price of such InSite Warrant.

Merger Sub funded the total payments required to complete the Offer
and the Merger with cash on hand of Ranbaxy.  Following the
consummation of the Merger, the Company continued as the surviving
corporation and became a wholly owned subsidiary of Ranbaxy.

Pursuant to the Merger Agreement, Merger Sub exercised the "top-up
option" to acquire an additional 141,599,389 newly issued shares of
Common Stock from the Company on Oct. 30, 2015, at a price per
share equal to the $0.35 per share offer price in the Offer.  The
aggregate purchase price for such shares of Common Stock was paid
by Merger Sub to the Company through a cash payment of $1,415,994
and the issuance of a promissory note in the principal amount of
$48,143,793.

                   Changes in Control of the Company

As a result of the acceptance of shares of Common Stock in the
Offer, a change in control of the Company has occurred.  The total
amount of funds required by Merger Sub to purchase the shares of
Common Stock in the Offer was approximately $36,608,597.  Merger
Sub obtained the funds from cash on hand of Ranbaxy, its parent
company.

                        Departure of Directors


In accordance with the terms of the Merger Agreement and effective
as of the Effective Time, Timothy McInerney, Brian Levy, Robert
O'Holla, Timothy Ruane, Craig Tooman, Anthony J. Yost, who together
comprised the entire Board of Directors of the Company prior to the
Effective Time, resigned as members of the Board of Directors of
the Company.  Immediately following the Effective Time, Kal
Sundaram, Sunil Mehta and Javesh Shah, the directors of Merger Sub
immediately prior to the Effective Time, became the directors of
the Company.
   
             Amendments to Articles of Incorporation

Pursuant to the Merger Agreement, at the Effective Time, the
certificate of incorporation of the Company was amended and
restated in its entirety and the bylaws of Merger Sub as in effect
immediately prior to the Effective Time became the bylaws of the
Company, except that in each case the name of the Company set forth
therein was changed to "InSite Vision Incorporated."

                           Files Form 15

Insite Vision has suspended its reporting obligations under Section
15(d) of the Securities Exchange Act of 1934, as amended, by filing
a Form 15 with the Securities and Exchange Commission on Nov. 2,
2015.

                Terminates Registration of Securities

As a result of the merger, the Company has terminated any offerings
of its securities under the following registration statements:

  (a) Registration Statements on Form S-1 of InSite Vision:

        * File No. 333-205644 registering 3,464,456 shares of
          common stock, par value $0.01 per share, of the Company

        * File No. 333-201052 registering 5,078,070 shares of
          Common Stock

  (b) Registration statements on Form S-8:

        * File No. 333-194965 registering 2,639,020 shares of
          common stock, par value $0.01 per share, of the Company
          for issuance under the InSite Vision Incorporated 2007
          Performance Incentive Plan

        * File No. 333-186572 registering 2,639,020 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 2007 Performance Incentive Plan

        * File No. 333-179038 registering 6,427,421 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 2007 Performance Incentive Plan.

        * File No. 333-171942 registering 1,896,452 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 2007 Performance Incentive Plan

        * File No. 333-149832 registering (i) 3,753,961 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 2007 Performance Incentive Plan and (ii)
          125,000 shares of Common Stock for issuance under the
          InSite Vision Incorporated Amended and Restated Employee

          Stock Purchase Plan

        * File No. 333-143016 registering (i) 1,865,699 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 1994 Stock Option Plan and (ii) 125,000
          shares of Common Stock for issuance under the InSite
          Vision Incorporated 1994 Employee Stock Purchase Plan

        * File No. 333-133010 registering (i) 1,592,234 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 1994 Stock Option Plan and (ii) 125,000
          shares of Common Stock for issuance under the InSite
          Vision Incorporated 1994 Employee Stock Purchase Plan

        * File No. 333-126083 registering (i) 1,247,574 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 1994 Stock Option Plan and (ii) 125,000
          shares of Common Stock for issuance under the InSite
          Vision Incorporated 1994 Stock Option Plan

        * File No. 333-117193 registering (i) 1,586,123 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 1994 Stock Option Plan and (ii) 350,000
          shares of Common Stock for issuance under the InSite
          Vision Incorporated 1994 Employee Stock Purchase Plan

        * File No. 333-72098 registering 497,014 shares of Common
          Stock for issuance under the InSite Vision Incorporated
          1994 Stock Option Plan.

        * File No. 333-43504 registering (i) 405,916 shares of
          Common Stock for issuance under the InSite Vision
          Incorporated 1994 Stock Option Plan and (ii) 85,000
          shares of Common Stock for issuance under the InSite
          Vision Incorporated 1994 Employee Stock Purchase Plan

        * File No. 333-79789 registering 336,979 shares of Common
          Stock for issuance under the InSite Vision Incorporated

          1994 Stock Option Plan

        * File No. 333-60057 registering 265,521 shares of Common
          Stock for issuance under the InSite Vision Incorporated
          1994 Stock Option Plan

        * File No. 333-29801 registering 500,000 shares of Common
          Stock for issuance under the InSite Vision Incorporated
          1994 Stock Option Plan and 500,000 options to purchase
          common stock

  (c) Registration Statements on Form S-3:

        * File No. 333-137994 registering 5,748,091 shares of
          common stock, par value $0.01 per share, of the Company

        * File No. 333-131744 registering 1,460,000 shares of
          Common Stock

        * File No. 333-130248 registering 922,800 shares of Common

          Stock

        * File No. 333-126084 registering 22,090,884 shares of
          Common Stock

        * File No. 333-116973 registering 51,234,294 shares of
          Common Stock

        * File No. 333-38266 registering 4,857,097 shares of
          Common Stock

        * File No. 333-36673 registering 2,626,000 shares of
          Common Stock

                           InSite Vision

Based in Alameda, California, InSite Vision Incorporated (OTCBB:
INSV) -- http://www.insitevision.com/-- is committed to
advancing new and superior ophthalmologic products for unmet eye
care needs.  The company's product portfolio utilizes InSite
Vision's proven DuraSite(R) bioadhesive polymer core technology, a
platform that extends the duration of drug retention on the
surface of the eye, thereby reducing frequency of treatment and
improving the efficacy of topically delivered drugs.

Burr Pilger Mayer, Inc., in E. Palo Alto, California, 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, available cash balance
and accumulated deficit raise substantial doubt about its ability
to continue as a going concern.

Insite Vision reported net income of $26.8 million in 2014 compared
to net income of $5.7 million in 2013.

As of June 30, 2015, the Company had $4.6 million in total assets,
$19.2 million in total liabilities and a $14.6 million total
stockholders' deficit.


KRISHNA ASSOCIATES: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Krishna Associates, LLC
        2910 Harrisburg Lane
        Texarkana, TX 75503

Case No.: 15-50148

Nature of Business: Motel

Chapter 11 Petition Date: November 3, 2015

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

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Bill F. Payne, Esq.
                  THE MOORE LAW FIRM, L.L.P
                  100 North Main Street
                  Paris, TX 75460-4222
                  Tel: (903) 784-4393 ext. 40
                  Email: lgarner@moorefirm.com
                         bpayne@moorefirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Hiren Patel, president.

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


LAND VENTURES: Magistrate Judge Cannot Decide on Malpractice Suit
-----------------------------------------------------------------
Land Ventures for 2, LLC, commenced a legal malpractice action
against its former bankruptcy attorney, Michael Fritz, and his law
firm, invoking the bankruptcy court's diversity jurisdiction.

In a Memorandum Opinion and Order dated October 9, 2015, a
full-text copy of which is available at http://is.gd/qTMo1Cfrm
Leagle.com, Chief Judge W. Keith Watkins of the United States
District Court for the Middle District of Alabama, Northern
Division, vacated the erroneous primary assignment of the matter to
the magistrate judge and adopted and affirmed the orders previously
entered by the magistrate judge.

Chief Magistrate Judge Susan Russ Walker has been presiding over
the action pursuant to the parties' consent and a general order of
the court regarding the primary assignment of a percentage of
specified civil cases to the magistrate judges.  But that consent
and assignment do not stand on solid legal ground, Judge Watkins
said.  Because the malpractice action is "otherwise related to a
case under title 11, the authority to enter a final judgment
resides solely in "the district judge after considering the
bankruptcy judge's proposed findings and conclusions and after
reviewing de novo those matters to which any party has timely and
specifically objected, Judge Watkins held.

The case is captioned LAND VENTURES FOR 2, LLC, Plaintiff, v.
MICHAEL A. FRITZ, SR., et al., Defendants, CASE NO.
2:12-CV-240-WKW(M.D. Ala.).

Land Ventures for 2, LLC, Plaintiff, is represented by:

         Christina Diane Crow, Esq.
         Lynn Wilson Jinks, III, Esq.
         Nathan Andrew Dickson, II, Esq.
         JINKS CROW & DICKSON, P.C.
         Email: ccrow@jinkslaw.com
                ljinks@jinkslaw.com
                ndickson@jinkslaw.com

            -- and --

         Nicholas Heath Wooten, Esq.
         NICK WOOTEN, LLC
         1702 Catherine CT
         Auburn, AL 36831
         Phone: 334 887 3000
         Email: nick@nickwooten.com

Defendants are represented by:

          R. Austin Huffaker, Jr., Esq.
          Ronald Gregg Davenport, Esq.
          RUSHTON STAKELY JOHNSTON & GARRETT PC
          184 Commerce Street
          Montgomery, AL 36104          
          Phone: 334.834.8480 or 334.206.3100
          Fax: 334.262.6277
          Email: rah2@rushtonstakely.com
                 RGD@rushtonstakely.com

Based in Defuniak Springs, Florida, Land Ventures for 2, LLC,
filed for chapter 11 bankruptcy protection (Bankr. M.D. Ala. Case
No. 10-30651) on March 16, 2010.  Judge William R. Sawyer presides
over the case.  Michael A. Fritz, Sr., Esq., at Fritz & Hughes,
LLC, in Montgomery, Alabama, serves as the Debtor's bankruptcy
counsel.  In its schedules, the Company disclosed $3,162,500 in
assets and $1,294,980 in debts.


LEONARD DIAS PC: Trustee's Motion to Dismiss Ch. 7 Case Denied
--------------------------------------------------------------
The appointed Chapter 7 Trustee in Leonard L.J. Dias, M.D., P.C.'s
case, Collene K. Corcoran, filed a Motion to Dismiss the case.

The Debtor and Fifth Third Bank objected.  Subsequently, Fifth
Third Bank withdrew its objection, but the Debtor's objection
remains.

In her Motion to Dismiss, the Trustee cites the lack of cooperation
of the Debtor's principal, Dr. Leonard L.J. Dias, M.D., the lack of
assets in the estate, the substantial amount of patient records of
the Debtor that may require disposal pursuant to 11 U.S.C. Section
351, and the lack of a recognizable bankruptcy purpose to file this
Chapter 7 proceeding.  The Debtor responded by disputing the
factual allegations made by the Trustee and pointing out that 11
U.S.C. Section 351 is designed to meet the specific fact scenario
present in this case.  The Court heard oral argument regarding the
Trustee's Motion to Dismiss on September 30, 2015, and allowed the
parties an opportunity to file supplemental briefs, which both the
Debtor and the Trustee did on October 1, 2015.

Judge Daniel S. Opperman of the United States Bankruptcy Court for
the Eastern District of Michigan, Southern Division, said the Court
is persuaded that the nature of Dr. Dias' medical practice, which
involved his patients visiting the office for medical treatment,
including minor surgery, does not meet the elements of a "health
care business."  First, as Section 101(27A) indicates, there must
be some sort of medical treatment that requires the need for some
sort of specialized, general hospital, or ancillary type facility,
all as suggested by subsections (A) and (B).  These subsections are
instructive and cannot be ignored in construing Section 101(27A) in
applying that statute to specific circumstances.  Second, as Banes,
Medical Assocs., and Alternate Family all point out, there is some
sort of need for a residency or extended care visitation required
under Section 101(27A).  Third, in reviewing the nature of the
practice in Banes, Medical Assocs., and Alternate Family, the Court
considers the general practice of medicine to be more similar to a
dental practice, as was the case in Banes, as opposed to the other
two types of practices, which included administrative support for
doctors or a child placing and caring agency and facility.

Judge Opperman held that the Court cannot ignore the Debtor's own
self selection of "other" as opposed to "health care business" in
the voluntary petition.  Here, the Debtor had an opportunity to
label itself as a health care business, but chose not to do so.
This self labeling occurred prior to any issue of whether Section
351 applied and cannot be ignored by the Court.  While the Court
may not always find that the self labeling of a business by a
debtor is binding, here it is very instructive that the Debtor did
not consider itself a health care business until the issue was
raised by the Trustee.

The Court then turns to whether the Trustee's Motion to Dismiss
should be granted.  Judge Opperman ruled that, here, the Court
notes the frustration of the Trustee of the lack of cooperation by
Dr. Dias, but understands that this lack of cooperation may be
caused in part by Dr. Dias' medical condition.  Second, the Court
notes that many Chapter 7 cases are filed that are without
sufficient assets to pay administrative expenses, much less a
distribution to unsecured creditors.  Taking the factors as argued
by the Trustee, the Court cannot find the necessary foundation to
find that this case should be dismissed.

Accordingly, Judge Opperman concluded that Dias P.C. is not a
health care business as defined by Section 101(27A) and, therefore,
the provisions of Section 351 do not apply.  The Court denied the
Motion to Dismiss filed by Chapter 7 Trustee.

The case is IN RE: LEONARD L.J. DIAS, M.D., P.C., Chapter 7
Proceeding. Debtor, CASE NO. 15-30729-DOF (Bankr. E.D. Mic.).

A full-text copy of the Opinion dated October 16, 2015 is available
at http://is.gd/t5UtCUfrom Leagle.com.

Leonard L.J. Dias, M.D., P.C., Debtor, represented by:

          Jeffrey A. Chimovitz, Esq.
          7550 S Saginaw St Ste 6
          Grand Blanc, MI, 48439-1875
          Phone: 810) 238-9615

Collene K. Corcoran, Trustee, represented by:

           Kevin M. Smith, Esq.
           BEADLE SMITH PLC
           445 South Livernois Road # 305
           Rochester Hills, MI 48307
           Phone: (248) 650-6094


LPL HOLDINGS: S&P Assigns 'BB-' Rating on Proposed Sr. Sec. Loan
----------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'BB-' issue
rating on LPL Holdings Inc.'s proposed senior secured term loan B.
At the same time, S&P affirmed its 'BB-' issuer credit and senior
secured debt ratings on LPL.  The outlook remains stable.

"The ratings affirmation reflects our view that the firm's funding
and liquidity will remain in line with our expectations despite the
proposed stock buybacks," said Standard & Poor's credit analyst
Robert Hoban.  Specifically, S&P expects its gross stable funding
ratio (GSFR)--available stable funding to gross stable funding
needs--and its liquidity coverage metric (LCM)--balance sheet
liquidity sources divided by balance sheet liquidity needs--will
both remain well above 100%.

Ratings continue to reflect LPL's aggressive financial management,
including substantially negative tangible equity, even before this
latest round of stock buybacks.  As a result, S&P views
capitalization as a material rating weakness.  The firm's strong,
stable risk-adjusted returns and relatively modest credit and
market risk exposure and appetite only partially mitigate this
risk.

The rating also reflects LPL's strong business position given that
it is the ninth-largest U.S. retail broker in terms of total client
assets, and the largest focused purely on the independent
broker/adviser channel.  Further supporting the firm's business
stability is its relatively low-risk mix of mostly agency business
and that recurring asset-based fees and other more-stable sources
account for approximately two-thirds of revenues.  That said, S&P
also believes that the firm's independent contractor model involves
higher operating and compliance risks than those faced by firms
with employee financial advisers, which typically have compliance
people in their sales offices.  Although LPL is more narrowly
focused than most of its larger peers, S&P considers its
diversification appropriate for the rating given its national
franchise and full suite of brokerage and investment advisory
products.

"The stable rating outlook reflects our expectations that LPL will
maintain operating performance sufficient to comfortably meet its
debt covenants despite some market and cost headwinds," said
Mr. Hoban.  "Further, we expect that financial management will
remain aggressive, with negative tangible equity, but that risk
exposure and appetite will remain modest."  S&P expects the firm
will maintain a minimum of $200 million in liquidity on balance
sheet while it executes the share buybacks, and that the GSFR and
the LCM will remain above 100%.  Further, S&P expects the firm to
continue to proactively manage its debt to limit near-term
maturities.



MANHATTAN 335 TOWER: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Manhattan 335 Tower, Inc.
        9322 Third Avenue, Suite 502
        Brooklyn, NY 11209

Case No.: 15-74693

Chapter 11 Petition Date: November 3, 2015

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

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Ted J. Donovan, Esq.
                  GOLDBERG WEPRIN FINKEL GOLDSTEIN LLP
                  1501 Broadway, 22nd Floor
                  New York, NY 10036
                  Tel: (212)-301-6943
                  Fax: (212)-422-6836
                  Email: Tdonovan@gwfglaw.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Tim Ziss, authorized signatory.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Chu Jiang/Hua Dong Ye                                    $500,000
Hui Hua Realty LLC
1515 Jamison Dr,
Allen TX 75013
Tel: (972) 757 5869

Xiao M Lu                                                $440,000
c/o Jeffrey Sharkey, Esq.
2564 Aster Place South
Westbury, NY 11590

Yang Gui                                                 $250,000
1712 Flushing Ave
Ridgewood NY 11385
Tel: (917) 831 9093

Hiu Chen                                                 $230,000

Yu Tung                                                  $200,000

Liangshun Lin                                            $200,000

Liang Chen                                               $198,500

Hong Kong Kari                                           $180,000

Tai Lan Cheng                                            $162,000

Qui Jin Chen                                             $150,625

Qiong Lin                                                $150,000

Peng Peng Loke                                           $150,000

Sheng Yang                                               $130,000

Shu Xin Chen                                             $100,000

Jian Yun Le                                              $100,000

Zhong Lin                                                $100,000

Sheren Cheng                                              $92,000

Zhenmei Zhuo                                              $90,000

Hiu Ying Giuo                                             $62,000

Yuxiang Qiu                                               $60,000


MEDASSETS INC: Moody's Puts B1 CFR on Review for Downgrade
----------------------------------------------------------
Moody's Investors Service placed the ratings of MedAssets, Inc.
under review for downgrade, including the company's B1 Corporate
Family Rating and B1-PD Probability of Default Rating.  The review
was prompted by the announcement on Nov. 2, 2015, that Pamplona
Capital Management has entered into a definitive agreement to
acquire MedAssets for an enterprise value of $2.7 billion,
including debt.  The transaction is expected to close in the first
quarter of 2016, pending receipt of customary approvals and closing
conditions.

These ratings were placed under review for downgrade:

MedAssets, Inc.

  Corporate Family Rating, B1
  Probability of Default Rating, B1-PD
  Senior secured first lien credit facilities, Ba3 (LGD3)
  Senior unsecured notes due 2018, B3 (LGD5)

RATING RATIONALE

The rating review will focus primarily on changes to the
organizational structure, financial leverage, and the capital
structure that will result from the sale to Pamplona, as well as
ongoing operating trends at MedAssets.  Given change of control
provisions in the company's credit agreement and indenture, Moody's
expects that at closing, all of MedAssets' outstanding debt will be
retired and that all of MedAssets' ratings will be withdrawn.

MedAssets' B1 Corporate Family Rating (currently under review for
downgrade) reflects the company's small size relative to many other
rated borrowers and large industry players, its high financial
leverage, and its historically aggressive acquisition strategy.  In
addition, the rating reflects the intensely competitive market for
MedAssets' services characterized by innovation and the frequent
introduction of new product and service offerings to remain
successful.  Mitigating these risks, the rating reflects the
company's good track record of post-acquisition debt reduction and
the company's relatively large and geographically diverse customer
base.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.

Based in Alpharetta, Georgia, MedAssets, Inc. provides supply and
cost management services and a variety of financial software and
revenue service solutions primarily to U.S. hospitals and health
systems.  MedAssets' customer base includes about 4,500 acute care
hospitals and over 123,000 ancillary (non-acute care) provider
locations.  For the twelve months ended June 30, 2015, MedAssets
generated revenue of approximately $750 million.



MIDWEST QUALITY: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Midwest Quality Bedding, Inc.
           dba Mattress Mart
        8400 Industrial Parkway
        Plain City, OH 43064

Case No.: 15-57113

Chapter 11 Petition Date: November 3, 2015

Court: United States Bankruptcy Court
       Southern District of Ohio (Columbus)

Judge: Hon. John E. Hoffman Jr.

Debtor's Counsel: Matthew J Thompson, Esq.
                  NOBILE & THOMPSON CO., L.P.A.
                  4876 Cemetery Road
                  Hilliard, OH 43026
                  Tel: 614-529-8600
                  Fax: 614-529-8656
                  Email: lahennessy@ntlegal.com

Total Assets: $61,000

Total Liabilities: $1.73 million

The petition was signed by Jerry S. Fogt, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ohsb15-57113.pdf


MIG LLC: Complaint Filed vs. Shenton Park to Stop BVI Liquidation
-----------------------------------------------------------------
MIG, LLC and ITC Cellular, LLC, on Aug. 19, 2015, commenced an
adversary proceeding before the U.S. Bankruptcy Court for the
District of Delaware to seek:

   (a) a declaration that the automatic stay operates to prevent
Shenton Park Company, Inc. from taking actions to have a liquidator
appointed over the Debtors' sole equity holder, Caucuscom Ventures
L.P. or extension of the automatic stay under Section 362(a) of the
Bankruptcy Code to such action; and/or

   (b) a temporary restraining order and preliminary injunction
pursuant to Section 105(a) of the Bankruptcy Code, Rules 7001(7)
and 7065 of the Federal Rules of Bankruptcy Procedure, and Rule 65
of the Federal Rules of Civil Procedure, enjoining Shenton Park
during the pendency of the Chapter 11 Cases from proceeding with
prosecution of and requiring them to take all actions necessary to
stay, adjourn, or otherwise withdraw the Application for Winding Up
and Appointment of Liquidator (the "BVI Application") filed by
Shenton Park in the British Virgin Islands, Case Number BVIHCM
2015/0075 (the "BVI Liquidator Action"), which apparently seeks the
winding up and appointment of a liquidator over Caucuscom.

The Debtors believe that Shenton Park's efforts to seek liquidation
of Caucuscom, would be devastating to the Debtors' ability, as
debtors-in-possession, to operate their business, administer their
Chapter 11 Cases, and negotiate a plan of reorganization that
maximizes the value of the Debtors' estates. Thus, the Debtors have
commenced the adversary proceeding to protect the Debtors'
estates.

Caucuscom owns 100% of the membership interests in MIG.  The
Debtors do not believe that Caucuscom has any assets other than its
membership interests in MIG.

Shenton Park is a BVI company controlled by Swiss Partners Advisors
Ltd., as Trustee.  Shenton Park, along with Yola Investments
S.a.r.l. ("Yola") and Gtel L.P. ("Gtel") are limited partners of
Caucuscom.

MIG owns 100% of the membership interests in debtor ITC Cellular.
ITC Cellular in turn owns 46% of the membership interests of
non-debtor International Telcell Cellular, LLC ("International
Telcell").  International Telcell, directly and indirectly through
its wholly owned non-debtor subsidiary, Telcell Wireless, LLC, owns
all the issued and outstanding equity interests of non-debtor
Magticom Ltd., the leading mobile telephone company in the Republic
of Georgia.  The remaining ownership stake of International Telcell
is held 51% by Dr. George Jokhtaberidze, a Georgian national who
founded Magticom, and 3% by Gemstone Management Ltd., an entity
formed by certain former management of Magticom.

The Debtors' value is derived almost solely from their interests in
International Telcell and, indirectly, Magticom.

The Second Amended and Restated Limited Liability Company Agreement
of International Telcell Cellular, LLC, dated January 15, 2009 (the
"International Telcell LLC Agreement") provides that Dr.
Jokhtaberidze and the Debtors exercise joint management control
over International Telcell regarding all key decisions related to
the management of Magticom on a 50/50 basis, provided that certain
change of control provisions have not been triggered.

Both the Debtors and Dr. Jokhtaberidze are bound by non-alienation
and change of control provisions regarding their interests in
Magticom.  These provisions, as they relate to the Debtors, are
triggered by the occurrence of certain events with respect to
certain entities in MIG's and ITC Cellular's ownership chain (each
an "ITC Cellular Change of Control").

Counsel to the Debtors, Dennis A. Meloro, Esq., at Greenberg
Traurig, LLP, asserts that although Caucuscom is not a debtor in
the Chapter 11 cases, should the BVI Liquidator Action continue
against Caucuscom, the Debtors' restructuring efforts will be
entirely frustrated, as the value of the Debtors' estates would be
severely diminished if the BVI Liquidator Action in fact causes an
ITC Cellular Change of Control.

Mr. Meloro notes that if an ITC Cellular Change of Control occurs,
the chances of a successful reorganization will be substantially
impaired, if not foreclosed entirely.  He avers that the Debtors'
right to receive the critical income stream will be eliminated, and
their right to pursue legal action to protect that income stream
will be eradicated.  In addition, Mr. Meloro points out, the value
of the equity interests comprising the Debtors' key assets -- their
direct and indirect ownership of International Telcell and Magticom
-- will be substantially diminished.

A copy of the complaint is available for free at:

    http://bankrupt.com/misc/MIG_LLC_473_Adv_Pro_vs_Shenton.pdf

The Debtors' attorneys:

         GREENBERG TRAURIG, LLP
         Dennis A. Meloro, Esq.
         1007 North Orange Street, Suite 1200
         Wilmington, DE 19801
         Telephone: (302) 661-7000
         Facsimile (302) 661-7360
         E-mail: melorod@gtlaw.com

                - and -

         Nancy A. Mitchell, Esq.
         Maria J. DiConza, Esq.
         200 Park Avenue
         New York, NY 10166
         Telephone: (212) 801-9200
         Facsimile: (212) 801-6400
         E-mail: mitchelln@gtlaw.com
                 diconzam@gtlaw.com

                           *     *     *

According to a court filing, the parties to the Shenton Park
Adversary Proceeding have agreed on, and the Court has approved, a
scheduling order, and discovery and briefing is underway.  A
hearing is scheduled before the Court on Dec. 3, 2015, to determine
whether a "change of control" has occurred and whether Shenton
Park's BVI filing or appointment of a liquidator for Caucuscom
violates or would violate the automatic stay or should be
enjoined.

                          About MIG LLC

Formerly operating under the name "Metromedia International Group,
Inc.," MIG LLC -- http://www.migllc-group.com/-- owned and      
operated and sold dozens of companies in diverse industries,
including entertainment, photo finishing, garden equipment and
sporting goods, until the late 1990s.  In 1997 and 1998, MIG
consummated the sale of substantially all of its U.S.-based
entertainment assets and began focusing on expanding into emerging
communications and media businesses.  By 2005, all of MIG's
operating businesses were located in the Republic of Georgia and
operated through its subsidiaries.

MIG LLC and affiliate ITC Cellular, LLC, filed for Chapter 11
bankruptcy protection on June 30, 2014.  The cases are currently
jointly administered under Bankr. D. Del. Lead Case No. 14-11605.
As of the bankruptcy filing, MIG's sole valuable asset, beyond its
existing cash, is its indirect interest in Magticom Ltd.  The
cases
are assigned to Judge Kevin Gross.  MIG LLC disclosed $15.9
million
in assets and $254 million in liabilities.

Headquartered in Tbilisi, Georgia, Magticom is the leading mobile
telephony operator in Georgia and is also the largest telephone
operator in Georgia.  Magticom serves 2.4 million subscribers with
a network that covers 97% of the populated regions in Georgia.
Magticom is owned by International Telcell Cellular, LLC, which is
46% owned by MIG unit ITC Cellular, 51% owned by Dr. George
Jokhtaberidze, and 3% owned by Gemstone Management Ltd.

Formerly known as MIG, Inc., MIG was a debtor in a previous case
(Bankr. D. Del. Case NO. 09-12118). It obtained approval of its
reorganization plan in November 2010.

The Debtors have tapped Greenberg Traurig LLP as counsel, Fox
Rothschild Inc. as financial advisor; Cousins Chipman and Brown,
LLP as conflicts counsel; and Prime Clerk LLC as claims and notice
agent and administrative advisor.  The Debtors have retained
Natalia Alexeeva as chief restructuring officer.

A three-member panel has been appointed in these cases to serve as
the official committee of unsecured creditors, consisting of
Walter
M. Grant, Paul N. Kiel, and Lawrence P. Klamon.


MOLYCORP: Committee Extends Challenge Period to Nov. 20
-------------------------------------------------------
The Official Committee of Unsecured Creditors of Molycorp, Inc.,
and its affiliated debtors sought and obtained from Judge
Christopher S. Sontchi of the U.S. Bankruptcy Court for the
District of Delaware approval of a stipulation that it had entered
into with OCM MLYCo.  CTB Ltd., as administrative agent, collateral
agent, and lessor under the Oaktree Transaction Documents.

The stipulation seeks to extend the Challenge Period to Nov. 20,
2015, and the Standing Period to Dec. 20, 2015.  The Challenge
Period for the Committee was set to expire on Oct. 6 and its
Standing Period is set to expire on Nov. 5.

The Official Committee of Unsecured Creditors is represented by:

          William P. Bowden, Esq.
          Philip Trainer, Jr., Esq.
          Gregory A. Taylor, Esq.
          ASHBY & GEDDES, P.A.
          500 Delaware Avenue, 8th Floor
          P.O. Box 1150
          Wilmington, DE 19899
          Telephone: (302)654-1888
          Facsimile: (302)654-2067
          E-mail: wbowden@ashby-geddes.com
                 gtaylor@ashby-geddes.com

                  - and -

          Luc A. Despins, Esq.
          Andrew Tenzer, Esq.
          Robert E. Winter, Esq.
          James B. Worthington, Esq.
          PAUL HASTINGS LLP
          Park Avenue Tower
          75 East 55th Street, First Floor
          New York NY 10022
          Telephone: (212)318-6000
          E-mail: lucdespins@paulhastings.com
                  andrewtenzer@paulhastings.com
                  robertwinter@paulhastings.com
                  jamesworthington@paulhastings.com

OCM MLYCo. CTB Ltd. is represented by:

          Robert J. Dehney, Esq.
          Gregory W. Werkheiser, Esq.
          MORRIS, NICHOLS, ARSHT & TUNNELL LLP
          1201 North Market Street, 16th Floor
          P.O. Box 1347
          Wilmington, Delaware 19899
          Telephone: (302)658-9200
          Facsimile: (302)658-3989
          E-mail: rdehney@mnat.com
                 gwerkheiser@mnat.com

                 - and -

          Dennis F. Dunne, Esq.
          Samuel A. Khalil, Esq.
          Lauren C. Doyle, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY LLP
          28 Liberty Street
          New York, NY 10005
          Telephone: (212)530-5000
          Facsimile: (212)530-5219
          E-mail: ddunne@milbank.com
                  skhalil@milbank.com
                  ldoyle@milbank.com

                  - and -

          Andrew M. Leblanc, Esq.
          Aaron L. Renenger, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY LLP
          1850 K Street NW, Suite 1100
          Washington, DC 20006
          Telephone: (202)835-7500
          Facsimile: (202)263-7586
          E-mail: aleblanc@milbank.com
                 arenenger@milbank.com

                       About Molycorp, Inc.

Molycorp Inc. -- http://www.molycorp.com/-- is a global rare      


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

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

Molycorp reported a net loss of $623 million in 2014, a net loss
of $377 million in 2013 and a net loss of $475 million in 2012.

As of March 31, 2015, the Company had $2.49 billion in total
assets, $1.78 billion in total liabilities and $709 million in
total stockholders' equity.

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

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

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

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

Secured creditor Oaktree Capital Management L.P., consented to the
use of cash collateral and to extend postpetition financing.

On July 8, 2015, the U.S. trustee overseeing the Chapter 11 case
of Molycorp Inc. appointed eight creditors of the company to serve
on the official committee of unsecured creditors.



MOSAICA EDUCATION: Huron Completes Sale of Assets to Pansophic
--------------------------------------------------------------
Mosaica Education has successfully sold substantially all of its
operating assets to Pansophic Learning and Tatonka Capital
Corporation.

Huron Transaction Advisory, led by Geoffrey Frankel, Mychal
Harrison, and Jason Kirshner, served as the sell-side advisor to
Mosaica's Federal Court appointed Receiver on the expedited sale
process despite significant financial, regulatory, and operational
hurdles facing the company throughout the marketing and closing
stages of the transaction.

Huron Transaction Advisory, LLC, our FINRA registered
broker‑dealer affiliate, provides a range of investment banking
services to companies and their stakeholders, including mergers and
acquisitions advisory, debt and equity financings, balance sheet
restructurings, and enterprise valuation.  Huron's dedicated
investment banking professionals have experience across a broad
range of industries, with particular emphasis on industrial,
automotive, retail and consumer products, business services,
education, and healthcare.

                   About Huron Business Advisory

Huron Business Advisory -- http://www.huronconsultinggroup.com--
resolves complex business issues and enhances value.  It offers a
full suite of services in key areas, including forensic
investigations, transaction advisory, restructuring and turnaround,
interim management, capital raising, operational improvement, and
valuation.

                    About Mosaica Education

Mosaica Education is a K-12 private and charter school management
and education service provider.




NORTEL NETWORKS: Files Rule 2015.3 Periodic Report
--------------------------------------------------
Nortel Networks Inc. filed a report, as of June 30, 2015, on the
value, operations and profitability of these entities in which the
company and Nortel Networks (CALA) Inc. hold a substantial or
controlling interest:

   Companies                              NNI Interest of Estate  
   ---------                              ----------------------
   Nortel Networks India International Inc.        100%
   Nortel Technology Excellence Centre           99.01%
    Private Limited

   Company                                NNCI Interest of Estate

   -------                                -----------------------
   Nortel Networks de Guatemala, Ltda.              98%

Nortel Networks filed the report pursuant to Bankruptcy Rule
2015.3.  The report is available for free at http://is.gd/xTefsn

                       About Nortel Networks

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


NORTEL NETWORKS: Legal Fees for Bankruptcy Top C$2 Billion
----------------------------------------------------------
Canada's Globe and Mail reported that last-ditch mediation talks
are under way to try to settle a global dispute over the windup of
Nortel Networks Corp. as legal costs soar to more than C$2 billion,
eroding the money remaining for pensioners and other creditors.

According to the report, the unprecedented legal bills have
prompted mysterious protesters -- one handing out leaflets in a
wolf costume in New York -- to launch a public campaign to urge all
sides to reach a deal and drop appeals of the joint U.S.-Canada
bankruptcy rulings from May that outlined a plan to divide the $7.3
billion (U.S.) Nortel raised selling its assets.

                       About Nortel Networks

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


OAKFABCO INC: Court Vacates Asbestos Claims Bar Date Order
----------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Illinois
vacated its Sept. 22, 2015 order establishing Nov. 30, 2015, as the
deadline for all creditors, other than holders of Asbestos-related
injury claims against Oakfabco, Inc.

                      About Oakfabco, Inc.

Oakfabco, Inc, formerly known as Kewanee Boiler Corporation, has
not manufactured boilers since 1988 when it sold its Kewanee boiler
business in an 11 U.S.C. Section 363 sale to Coppus Engineering
Corporation.  In early 2009, it sold all of its remaining assets.
The Debtor has no employees, and, Frederick W. Stein is the
Debtor's sole officer and director.  The Debtor's sole remaining
asset is its insurance, and it has no known liabilities other than
asbestos claims.

In January 1970, Kewanee Boiler Corp, then a newly-formed Illinois
Corporation, acquired the assets and debt of American Standard,
Inc.'s commercial boiler manufacturing division known as "Kewanee
Boiler."  The boilers manufactured and sold by Kewanee Boiler were
insulated with asbestos.

Oakfabco sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-27062) on Aug. 7, 2015, to resolve its remaining asbestos
claims.  Reed Smith LLP serves as counsel to the Debtor.

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

The U.S. Trustee for Region 11, appointed four members to the
Asbestos Claimants' Committee in the Chapter 11 bankruptcy case of
Oakfabco Inc.


OAKFABCO INC: Has Until Dec. 5 to File Chapter 11 Plan
------------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois directed Oakfabco, Inc., to file a
Chapter 11 Plan and explanatory Disclosure Statement by Dec. 5,
2015, unless excused by further order of the Court.

The Debtor is also directed to submit a report on the status of the
Plan and Disclosure Statement on Dec. 15, 2015.

                      About Oakfabco, Inc.

Oakfabco, Inc, formerly known as Kewanee Boiler Corporation, has
not manufactured boilers since 1988 when it sold its Kewanee boiler
business in an 11 U.S.C. Section 363 sale to Coppus Engineering
Corporation.  In early 2009, it sold all of its remaining assets.
The Debtor has no employees, and, Frederick W. Stein is the
Debtor's sole officer and director.  The Debtor's sole remaining
asset is its insurance, and it has no known liabilities other than
asbestos claims.

In January 1970, Kewanee Boiler Corp, then a newly-formed Illinois
Corporation, acquired the assets and debt of American Standard,
Inc.'s commercial boiler manufacturing division known as "Kewanee
Boiler."  The boilers manufactured and sold by Kewanee Boiler were
insulated with asbestos.

Oakfabco sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-27062) on Aug. 7, 2015, to resolve its remaining asbestos
claims.  Reed Smith LLP serves as counsel to the Debtor.

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

The U.S. Trustee for Region 11, appointed four members to the
Asbestos Claimants' Committee in the Chapter 11 bankruptcy case of
Oakfabco Inc.


OAKFABCO INC: Logan & Company Okayed as Claims and Noticing Agent
-----------------------------------------------------------------
The Hon. Jack B. Schmetterer of the U.S. Bankruptcy Court for the
Northern District of Illinois authorized Oakfabco, Inc., to employ
Logan & Company, Inc., as claims and noticing agent, effective nunc
pro tunc to the Petition Date.

As reported by the Troubled Company Reporter on Sept. 10, 2015,
Logan & Company is expected to:

   (a) prepare and serve required notices and documents in
       the Chapter 11 Case in accordance with the Bankruptcy
       Code and the Bankruptcy Rules in the form and manner
       directed by the Debtor and/or the Court, including (i)
       notice of the commencement of this Chapter 11 Case and the
       initial meeting of creditors under section 341(a) of the
       Bankruptcy Code, (ii) notices of objections to claims and
       objections to transfers of claims, (iii) notices of
       hearings on motions filed by the Office of the United
       States Trustee for the Northern District of Illinois, (iv)
       notices of transfers of claims, (v) notices of any hearings

       on a disclosure statement and confirmation of the Debtor's
       plan of reorganization, (vi) notice of the effective date
       of any plan, and (vii) all other notices, orders,
       pleadings, publications, or other documents as the Debtor
       or Court may deem necessary or appropriate for an orderly
       administration of this Chapter 11 Case;

   (b) maintain an official copy of the Debtor's schedules of
       assets and liabilities and statements of financial affairs
       (collectively, the "Schedules"), listing the Debtor's known
       creditors and amounts owed thereto;

   (c) maintain the Master Service List (as the term is defined in

       the Debtor's Motion for Entry of an Order Establishing
       Certain Case Management Procedures);

   (d) maintain a post office box or address for the purpose of
       receiving claims and returned mail and processing all mail
       received;

   (e) for all notices, motions, orders, or other pleadings or
       documents served, prepare and file or causing to be filed
       with the Clerk an affidavit or certificate of service
       within 7 business days of service which includes (i) either

       a copy of the notice served or the docket number(s) and
       title(s) of the pleading(s) served, (ii) a list of persons
       to whom it was mailed (in alphabetical order) with their
       addresses, (iii) the manner of service, and (iv) the date
       served;

   (f) process all proofs of claim received, including those
       received by the Clerk, checking said processing for
       accuracy, and maintaining the original proofs of claim in a
       secure area;

   (g) maintain the official claims register (the "Claims
       Register") for the Debtor on behalf of the Clerk; upon the
       Clerk's request, providing the Clerk with certified,
       duplicate, unofficial Claims Register; and specifying in
       the Claims Register the following information for each
       claim docketed: (i) the claim number assigned, (ii) the
       date received, (iii) the name and address of the claimant
       and agent, if applicable, who filed the claim, (iv) the
       amount asserted, (v) the asserted classification(s) of the
       claim (e.g., secured, unsecured, priority, etc.), and (vi)
       any disposition of the claim.

   (h) record all transfers of claims and providing any notices
       of such transfers as required by to Bankruptcy Rule
       3001(e);

   (i) upon completion of the docketing process for all claims
       received to date for each case, turning over to the Clerk
       copies of the Claims Register for the Clerk's review (upon
       the Clerk's request);

   (j) monitor the Court's docket for all notices of appearance,
       address changes, and claims-related pleadings and orders
       filed and making necessary notations on and changes to
       the claims register and any service or mailing lists,
       including to identify and eliminate duplicative names and
       addresses from such lists;

   (k) identify and correct any incomplete or incorrect
       addresses in any mailing or service lists;

   (l) assist in the dissemination of information to the public
       and responding to requests for the administrative
       information regarding this Chapter 11 Case as directed by
       the Debtor or the Court, including through the use of a
       case website and/or call center;

   (m) 30 days prior to the close of this Chapter 11 Case,
       to the extent practicable, requesting that the Debtor
       submit to the Court a proposed order dismissing Logan as
       Claims and Noticing Agent and terminating its services in
       such capacity upon completion of its duties and
       responsibilities and upon the closing of this Chapter 11
       Case;

   (n) within 7 days of notice to Logan of entry of an order
       closing this Chapter 11 Case, providing to the Court
       the final version of the Claims Register as of the date
       immediately before the close of this Chapter 11 Case; and

   (o) provide such other claims processing, noticing, and
       related administrative services as may be requested from
       time to time by the Debtor.

Under the services agreement, Logan will invoice the Debtor monthly
for services rendered to the Debtor during the preceding month,
except that the Debtor will pay Logan by wire transmission of funds
for all (a) legal publications costs; and (b) postage for any
mailing to at least 500 creditors, before such publication or
mailing, as the case may be.

As set forth in the Services Agreement, the Debtor has paid, or
will pay, Logan a retainer of $3,000.

Kathleen Logan, president of Logan & Company, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

                      About Oakfabco, Inc.

Oakfabco, Inc, formerly known as Kewanee Boiler Corporation, has
not manufactured boilers since 1988 when it sold its Kewanee boiler
business in an 11 U.S.C. Section 363 sale to Coppus Engineering
Corporation.  In early 2009, it sold all of its remaining assets.
The Debtor has no employees, and, Frederick W. Stein is the
Debtor's sole officer and director.  The Debtor's sole remaining
asset is its insurance, and it has no known liabilities other than
asbestos claims.

In January 1970, Kewanee Boiler Corp, then a newly-formed Illinois
Corporation, acquired the assets and debt of American Standard,
Inc.'s commercial boiler manufacturing division known as "Kewanee
Boiler."  The boilers manufactured and sold by Kewanee Boiler were
insulated with asbestos.

Oakfabco sought Chapter 11 protection (Bankr. N.D. Ill. Case No.
16-27062) on Aug. 7, 2015, to resolve its remaining asbestos
claims.  Reed Smith LLP serves as counsel to the Debtor.

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

The U.S. Trustee for Region 11, appointed four members to the
Asbestos Claimants' Committee in the Chapter 11 bankruptcy case of
Oakfabco Inc.


PASSPORT POTASH: Has Until November 29 to Cure Debenture Default
----------------------------------------------------------------
Passport Potash, Inc. on Nov. 4 announced a shareholder update and
comments from the CEO.

David Salisbury, Chairman and CEO offers the following update and
comments:

"On July 8, 2015, TSX Venture Exchange suspended trading in the
Company's securities as a result of a Cease Trade Order (CTO)
issued by the British Columba Securities Commission.  As a result
of the Company's inability to correct in a timely manner the
deficiencies that resulted in the CTO, the Exchange has transferred
the securities of the company to NEX effective October 9, 2015."

"The Board has considered carefully the Company's being listed on
the NEX and believes this transfer listing holds some short-term
advantages as the Company works through the steps necessary to
overcome very challenging market conditions."

"On October 30, 2015, a consolidated group of Convertible Debenture
holders filed notice that Passport Potash Inc. is in default of
Convertible Debenture terms, including the failure to make interest
payments due in February 2015 and other reporting deficiencies.
Passport Potash has until
November 29, 2015 to cure the default before the claimants exercise
right under the terms of the Convertible Debenture to take control
of the Passport Potash assets."

"Further the Board of Directors announces the resignation of two
directors, John Eckersley as an officer and director and Frank
Högel, Director.  Their service and contribution to the project
are greatly appreciated. The board has not yet replaced these
directors."

"The financing of the Project has been and continues to be the
number one priority for Passport.  I have been involved in
continuing discussions with a private group that hold interests in
several agricultural projects who have shown a continuing interest
in Passport.  We are now at a critical juncture and I will press my
discussions with this group to pursue potential investment
sufficient to cure the default.  We continue diligent efforts in
searching for other funding sources.  There is however, no
certainty that these effort will be successful."

"We still believe that there is an opportunity for good projects,
with talented management and excellent fundamentals, to meet the
inevitable rising global demand for potash.  We believe that
Passport's Holbrook Basin potash project is uniquely positioned to
benefit from current conditions for a number of reasons,
including:

1. It is one of the shallowest potash deposits in North America and
in the world;

2. It is located in a politically stable environment;

3. It is located in one of the most mining friendly jurisdictions
in the world;

4. Infrastructure is in place:

a. National and International shipping is available via BNSF
railway which has available capacity;

b. US Interstate 40 gives access to the US Interstate system;

c. Water is on site;

d. 995 MW Power Plant located 25 miles from the project site;

e. There is a readily available workforce in the area.

"We are hopeful that, even in the current environment, we will be
able to find savvy investors to provide funding for this excellent
project."

                About the Holbrook Potash Project

Passport Potash Inc. is a publicly traded corporation engaged in
the exploration and development of advanced potash properties with
its major focus on a previously explored potash property in
Arizona.  Passport has acquired a strategic position in the
Holbrook Basin.



PATRIOT COAL: Ruling Against Former Eastern Workers Affirmed
------------------------------------------------------------
John Palmer, Scott Lepka, Clif Tennant, Dewayne Jarvis, and Robert
Hillberry, individually and on behalf of all others similarly
situated, appeal the orders of the Circuit Court of Monongalia
County, which granted summary judgment in favor of certain
supervisory employees at Patriot Coal, LLC, and Eastern Associated
Coal, LLC.

The circuit court found that the claims of John Palmer, et al., who
were employed by Eastern under a collective bargaining agreement,
were controlled by the CBA and therefore preempted by Section 301
of the Labor Management Relations Act.

John Palmer, et al., assert that the circuit court erred in ruling
that their rights could not be determined without analyzing the
terms of the CBA, and that their claims were preempted by Section
301 of the Labor Management Relations Act.

The Supreme Court of Appeals of West Virginia affirmed the circuit
court's orders and adopted the circuit court's well-reasoned
findings and conclusions as to all the assignments of error raised
in the appeal.

The case is John Palmer, et al., Plaintiffs Below, Petitioners v.
John Renner, et al., Defendants Below, Respondent, NO. 14-1111
(W.Va.).

A full-text copy of the Memorandum Decision dated October 16, 2015
is available at http://is.gd/682QzFfrom Leagle.com.

                           About Patriot Coal

Patriot Coal Corporation is a producer and marketer of coal in the
United States.  Patriot and its subsidiaries control 1.4 billion
tons of proven and probable coal reserves -- including owned and
leased assets in the Central Appalachia basin (in West Virginia and
Ohio) and Southern Illinois basin (in Kentucky and Illinois) and
their operations consist of eight active mining complexes in  West
Virginia.

Patriot Coal first sought Chapter 11 protection on July 9, 2012,
and, on Dec. 18, 2013, won approval of its bankruptcy-exit plan
from the U.S. Bankruptcy Court for the Eastern District of
Missouri.  The plan turned over most of the ownership of the
company to bondholders that include New York hedge fund Knighthead
Capital Management LLC.  The linchpins of the plan were a global
settlement among the Debtors, the United Mine Workers of America,
and two third parties -- Peabody Energy Corporation and Arch Coal,
Inc. -- and a commitment by a consortium of creditors, led by
Knighthead, to backstop two rights offerings that funded the plan.

Patriot Coal Corporation and its subsidiaries commenced new
Chapter
11 cases (Bankr. E.D. Va. Lead Case No. 15-32450) in Richmond,
Virginia, on May 12, 2015.  The cases are assigned to Judge Keith
L. Phillips.

Patriot Coal estimated more than $1 billion in assets and debt.

The Debtors tapped Kirkland & Ellis LLP as counsel; Kutak Rock
L.L.P., as co-counsel; Centerview Partners LLC as investment
bankers; Alvarez & Marsal North America, LLC, as restructuring
advisors; and Prime Clerk LLC, as claims and administrative agent.

The U.S. trustee overseeing the Chapter 11 case of Patriot Coal
Corp. appointed seven creditors of the company to serve on the
official committee of unsecured creditors.  The Committee is
represented by Morrison & Foerster LLP as its counsel, and
Tavenner & Beran, PLC, as its local counsel.  Jefferies LLC serves
as its investment banker.

                        *     *     *

Patriot Coal on Sept. 22, 2015, announced that, following a
competitive auction, it is proceeding with a transaction to sell a
substantial majority of its operating assets to Blackhawk Mining,
LLC.


PLYMOUTH ADVENTURE: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Plymouth Adventure Park, LLC
        8-18 Natalie Way
        Plymouth, MA 02360

Case No.: 15-14283

Chapter 11 Petition Date: November 3, 2015

Court: United States Bankruptcy Court
       District of Massachusetts (Boston)

Judge: Hon. Melvin S. Hoffman

Debtor's Counsel: George J. Nader, Esq.
                  RILEY & DEVER, P.C.
                  Lynnfield Woods Office Park
                  210 Broadway, Suite 101
                  Lynnfield, MA 01940-2351
                  Tel: (781) 581-9880
                  Fax: (781) 581-7301
                  Email: nader@rileydever.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Darin Yee, manager/member.

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


POTOMAC SUPPLY: Ruling on Failure to Notify APA Termination Flipped
-------------------------------------------------------------------
Judge M. Hannan Lauck of the United States District Court for the
Eastern District of Virginia reversed in part the decision of the
Bankruptcy Court regarding Potomac Supply Corporation's failure to
issue a Buyer Default Termination notice.

Judge Lauck ruled that Chesapeake Trust can receive the benefit of
the majority of the terms of the asset purchase agreement between
the Debtor and Chesapeake Bay Enterprises, but not all of them.
The APA requires a written notice to establish a Buyer Default
Termination, which PSC did not issue, Judge Lauck held.  For these
reasons, Judge Lauck reversed the judgment of the Bankruptcy Court
regarding PSC's failure to issue a Buyer Default Termination
notice, and remands the case for further proceedings.

The case is captioned CHESAPEAKE BAY ENTERPRISES, INC., Appellant,
v. CHESAPEAKE TRUST, Appellee, CIVIL ACTION NO. 3:15CV35.

A full-text of the Opinion dated September 30, 2015 is available at
http://is.gd/80LkHbfrom Leagle.com.

Chesapeake Bay Enterprises, Inc., Appellant, represented by:

Steven Scott Biss
300 West Main St., Ste. 102
Charlottesville, Virginia

Chesapeake Trust, Appellee, represented by Jerry Lane Hall, Jr.,
Esq. -- PILLSBURY WINTHROP SHAW PITTMAN LLP & Patrick John Potter,
Esq. -- patrick.potter@pillsburylaw.com --  PILLSBURY WINTHROP SHAW
PITTMAN LLP.

                       About Potomac Supply

Founded in 1948, Potomac Supply Corporation manufactures a diverse
range of wood products, including treated lumber, wood pellets,
decking, fencing and pallets, in its wood-processing and
production facilities.  The Kinsale, Virginia-based building-
supply manufacturer filed for Chapter 11 bankruptcy (Bankr. E.D.
Va. Case No. 12-30347) on Jan. 20, 2012, estimating assets and
debts of $10 million to $50 million.  Potomac in mid-January 2012
announced it was suspending manufacturing operations in Kinsale
after its lender refused to provide financing without additional
investment.  Judge Douglas O. Tice, Jr., presides over the case.
Patrick J. Potter, Esq., at Pillsbury Winthrop Shaw Pittman LLP,
in Washington, D.C., serves as the Debtor's bankruptcy counsel.
LeClairRyan P.C. is representing the Official Committee of
Unsecured Creditors.


PREFERRED ROOFING: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Preferred Roofing South, Inc.
        8424 Fairgreen Avenue
        Waxhaw, NC 28173

Case No.: 15-31724

Chapter 11 Petition Date: November 3, 2015

Court: United States Bankruptcy Court
       Western District of North Carolina (Charlotte)

Judge: Hon. Craig Whitley

Debtor's Counsel: Richard S. Wright, Esq.
                  MOON WRIGHT & HOUSTON, PLLC
                  227 W. Trade Street, Suite 1800
                  Charlotte, NC 28202
                  Tel: (704) 944-6564
                  Fax: (704) 944-0380
                  Email: rwright@mwhattorneys.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Christian Hume, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ncwb15-31724.pdf


PREMIER PEST: Bid to Extend Automatic Stay Denied
-------------------------------------------------
Judge Thomas J. Tucker of the United States Bankruptcy Court for
the Eastern District of Michigan, Southern Division, denied Premier
Pest Management Inc.'s Motion to Extend the Automatic Stay as
unnecessary.  This is so because 11 U.S.C. Section 362(c)(3)
applies only to a debtor who is an "individual" -- i.e., a human
being.  It does not apply to a debtor that is an entity, like the
Debtor in this case (which is a corporation), Judge Tucker held.

The case is In re: PREMIER PEST MANAGEMENT INC., Chapter 11,
Debtor, CASE NO. 15-54531 (Bankr. E.D. Mich.).

A full-text copy of the Order dated October 14, 2015 is available
at http://is.gd/1CLs4hfrom Leagle.com.

Premier Pest Management Inc, Debtor In Possession, represented by
Daniel P. Brent, Esq. -- dpbrent@brentlawgroup.com.

Premier Pest Management Inc., first filed a Chapter 11 Petition on
Aug. 28, 2015 (Bankr. E.D. Mich., Case No. 15-52811).  The case
was
dismissed on Sept. 23, 2015.

Premier Pest delivered a second Chapter 11 Petition on Oct. 2,
2015
(Bankr. E.D. Mich., Case No. 15-54531).  The petition was signed
by
Charles McKlssack, Jr., president.

Judge Thomas J. Tucker of the United States Bankruptcy Court for
the Eastern District of Michigan, in an order dated Sept. 23, 2015,
dismissed the bankruptcy case of Premier Pest Management, Inc., for
the following reasons: (1) the Debtor failed to appear at the
initial status conference, and (2) the Debtor's attorney failed to
comply the last paragraph of the Court's September 2 Order.


PUERTO RICO ELECTRIC: Forbearance Agreement Extended to Nov. 5
--------------------------------------------------------------
The Puerto Rico Electric Power Authority (PREPA), Puerto Rico's
publicly owned electricity provider, on Nov. 3 disclosed that
PREPA, the ad hoc group of bondholders and fuel line lenders have
extended their forbearance agreements to November 5, 2015.  PREPA
will use the extension to finalize its agreements with the
forbearing creditors and continue discussions with its monoline
bond insurers.

                          *     *     *

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

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

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



PWK TIMBERLAND: Withdrawing Members' Summary Judgment Bid Denied
----------------------------------------------------------------
The present matter before the United States Bankruptcy Court for
the Western District of Louisiana, Lake Charles Division, is a
motion for partial summary judgment filed by Withdrawing Members
Esther White Goldstein, Daniel Merritt Goldstein, Melissa Catherine
Goldstein, Herman Aubrey White, III, Tiffany Leigh White, and
Brittany Elisabeth White.

The Withdrawing Members seek a partial summary judgment on whether
a discount for marketability and illiquidity should be applied to
the valuation of their interests in PWK Timberland, LLC, pursuant
to the company's Articles of Organization.

Judge Robert Summerhays of the United States Bankruptcy Court for
the Western District of Louisiana, Lake Charles Division, denied
the Withdrawing Members' motion for summary judgment in a Decision
dated October 14, 2015, a full-text copy of which is available at
http://is.gd/MI1dX7at Leagle.com.

The case is IN RE: PWK TIMBERLAND, LLC, Chapter 11, CASE NO.
13-20242 (Bankr. W.D. La.).

PWK Timberland, LLC, Debtor, represented by Gerald J. Casey, Esq.,
A. J. Gray III, Esq. -- Navarro@TheGrayFirmNJ.com -- The Gray Law
Firm, APLC.

                       About PWK Timberland

Lake Charles, Louisiana-based PWK Timberland LLC sought Chapter 11
protection (Bankr. W.D. La. Case No. 13-20242) on March 22, 2013.
Gerald J. Casey, Esq., serves as counsel to the Debtor.  The Debtor
disclosed $15 million in assets and $1.79 million in liabilities as
of the Chapter 11 filing.

The Debtor has filed a first amended plan of reorganization and
explanatory disclosure statement. A copy of the First Amended
Disclosure Statement dated April 30, 2014, is available for free
at http://bankrupt.com/misc/PWKTIMBERLAND_1stAmdDS.PDF  

As reported in the Dec. 11, 2013 edition of the Troubled Company
Reporter, PWK Timberland's Plan provides that all allowed claims
will be satisfied in full.  The Plan contemplates (i) that the
unsecured claims of former members are unimpaired; (ii) the Debtor
does not believe there are any general unsecured creditors but if
there are, they will be paid in full on the Effective Date; and
(iii) equity holders agreed to forgo any payments under the plan
until all impaired creditors have been paid in according to the
terms of the Plan.


QUICKSILVER RESOURCES: Hires FTI Consulting to Provide CRO
----------------------------------------------------------
Quicksilver Resources Inc., et al., seek authorization from the
U.S. Bankruptcy Court for the District of Delaware to employ FTI
Consulting, Inc. to provide Stephen Coulombe as chief restructuring
officer and other temporary employees, effective September 9, 2015
petition date.

The Debtors require FTI to provide the following:

   (a) Interim Management

       -- Mr. Coulombe will serve as the Debtors' CRO;

       -- Mr. Coulombe will not be a member of the board of
          directors, but may participate in board meetings; and

       -- Mr. Coulombe will perform the typical duties of a CRO,
          and other services as mutually agreed to by FTI and the
          Company; and

   (b) Advisory Services: Mr. Coulombe and other FTI professionals

       will, collectively, lead efforts to implement both short-
       term and long-term liquidity generation and profit
       improvement, including the following:

       -- assisting the Company with information and analyses
          required pursuant to the postpetition financing;

       -- assisting with the identification and implementation of
          short-term cash management procedures;

       -- assisting in the preparation of financial information
          for distribution to creditors and others, including, but

          not limited to, cash receipts and disbursement analysis,

          analysis of various asset and liability accounts, and
          analysis of proposed transactions;

       -- assisting in developing accounting and operating
          procedures to segregate prepetition and postpetition
          business transactions;

       -- assisting the Company in developing and implementing
          strategies with suppliers;

       -- assisting the Company with communication to key
          stakeholders including customers, suppliers, and others;

       -- assisting the Company in the identification of executory
          contracts and unexpired leases and performing of
          cost/benefit evaluations with respect to the assumption
          or rejection of each;

       -- assisting the Company in the preparation of required
          financial related disclosures, including the Schedules
          of Assets and Liabilities, the Statements of Financial
          Affairs, and Monthly Operating Reports;

       -- providing assistance with implementation of court
          orders;

       -- assisting in the evaluation and analysis of avoidance
          actions, including fraudulent conveyances and
          preferential transfers;

       -- participating in meetings and providing support to the
          Company and their other professional advisors in
          negotiations with potential investors, banks and other
          secured lenders, the creditors' committee appointed, the

          United States Trustee, other parties in interest, and
          professionals hired by the same, as requested;

       -- rendering such other restructuring and general business
          consulting or such other assistance for the Company
          management or counsel may request, that are not
          duplicative of services provided by other professionals
          engaged by the Company.

The Debtors will provide FTI with the following compensation:

   -- Monthly Fee. For services provided by Mr. Coulombe, the
      Company will pay FTI a monthly, non-refundable advisory fee
      of $125,000.

   -- Hourly Rates. The normal hourly billing rates for the
      current, or any additional, professionals with the skills
      and experience needed for engagements of this kind,
      which are subject to periodic revision, are as follows:

      Senior Managing Directors           $800-$975
      Directors/Managing Directors        $595-$795
      Consultants/Senior Consultants      $315- $570
      Administrative/Paraprofessionals    $125-$250

   -- Completion Fee. If the Debtors succeed in obtaining a final
      judicial order approving a plan of reorganization under
      chapter 11 or a sale of substantially all of the Debtors'
      assets under section 363 of the Bankruptcy Code, then, upon
      the consummation of such restructuring or sale, the Debtors'

      will pay FTI a completion fee of $1,000,000. The Completion
      Fee shall be subject to approval by the Court at the
      conclusion of Chapter 11 Cases based on a reasonableness
      standard.

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

On or about September 4, 2015, FTI received $1,100,000 (the
"Retainer") from the Debtors, which funds were to be held by FTI to
be applied to FTI's professional fees, charges, and disbursements.
For the twenty-three days prior to the Petition Date, FTI was paid
$905,0005 by the Debtors for fees and expenses incurred during the
engagement. As of the Petition Date, the balance of the Retainer
was $195,000.

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

FTI can be reached at:

       Stephen Coulombe
       FTI CONSULTING, INC.
       200 State Street, 8th Floor
       Boston, MA, 02109
       Tel: (617) 897-1515
       E-mail: steve.coulombe@fticonsulting.com

                    About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11 of
title 11 of the United States Code in Delaware.  The Debtors are
seeking joint administration under the main case, In re Quicksilver
Resources Inc. Case No. 15-10585.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton & Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

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

                           *     *     *

The Debtors have previously been given exclusive right to file a
bankruptcy plan through October 13, 2015.  They are seeking a
further extension of the exclusive plan filing period through
February 1, 2016.



QUICKSILVER RESOURCES: Hires Peter J Solomon as Investment Banker
-----------------------------------------------------------------
Quicksilver Resources Inc., et al., seek authorization from the the
U.S. Bankruptcy Court for the District of Delaware to employ Peter
J. Solomon Company, L.P. and/or its affiliate Peter J. Solomon
Securities Company, LLC ("PJSC") as investment banker, nunc pro
tunc to the September 9, 2015 petition date.

The Debtors require Peter J. Solomon to provide the following:

   (a) General Financial Advisory and Investment Banking Services.

       PJSC will:

       -- to the extent reasonably appropriate to the services
          contemplated by the Engagement Letter and feasible,
          familiarize itself with the business, operations,
          properties, financial condition and prospects of the
          Company; and

       -- if the Company determines to undertake a Restructuring,
          Financing and/or Sale advise and assist the Company in
          structuring and effecting the financial aspects of such
          a transaction or transactions, subject to the terms and
          conditions of the Engagement Letter.

   (b) Restructuring Services. If the Company pursues a
       Restructuring, PJSC will:

       -- provide financial advice and assistance to the Company
          in developing and seeking approval of a Restructuring
          plan, which may be a plan under chapter 11 of the
          Bankruptcy Code;

       -- if requested by the Company, in connection therewith,
          provide financial advice and assistance to the Company
          in structuring any new securities to be issued under the

          Plan;

       -- if requested by the Company, advise and assist the
          Company in negotiations with entities or groups affected

          by the Plan; and

       -- if requested by the Company, participate in hearings
          before the Bankruptcy Court with respect to the matters
          upon which PJSC has provided advice, including, as
          relevant, coordinating with the Company's counsel with
          respect to testimony in connection therewith.

   (c) Financing Services. If the Company pursues a Financing,
       PJSC will:

       -- provide financial advice and assistance to the Company
          in structuring and effecting a Financing, identify
          potential Investors and, at the Company's request,
          contact such Investors;

       -- if PJSC and the Company deem it advisable, assist the
          Company in developing and preparing a memorandum to be
          used in soliciting potential Investors; and

       -- if requested by the Company, advise and assist the
          Company in negotiations with potential Investors.

   (d) Sale Services. If the Company pursues a Sale, PJSC will:

       -- provide financial advice and assistance to the Company
          in connection with a Sale, identify potential acquirers
          and, at the Company's request, contact such potential
          acquirers;

       -- at the Company's request, assist the Company in
          preparing a memorandum to be used in soliciting
          potential acquirers; and

       -- if requested by the Company, advise and assist the
          Company in negotiations with potential acquirers.

The Debtors will compensate PJSC in accordance with the terms and
conditions and at the times set forth in the Engagement Letter,
which provides in relevant part for the following compensation
structure (the "Fee Structure"):

    -- A monthly financial advisory fee of $150,000, payable in
       advance by the Company. 50% of the amount of any Monthly
       Advisory Fees paid to PJSC prior to the closing of any
       Restructuring or Sale will be credited against any
       Restructuring Transaction Fee or Sale Transaction Fee,
       as the case may be;

    -- If at any time during the term of this engagement or within

       the twelve full months following the termination of this
       engagement (including the term of this engagement, the "Fee

       Period"), (x) any Restructuring is consummated or (y)(1) an

       agreement in principle, definitive agreement or Plan to
       effect a Restructuring is entered into and (2) concurrently
       therewith or at any time thereafter (including following
       the expiration of the Fee Period), any Restructuring is
       consummated, PJSC shall be entitled to receive a
       transaction fee (a "Restructuring Transaction Fee"),
       contingent upon the consummation of a Restructuring and
       payable at the closing thereof, equal to $7,500,000.

    -- If at any time during the Fee Period, (x) any Sale is
       consummated or (y)(1) an agreement in principle or
       definitive agreement to effect a Sale is entered into, and
       (2) concurrently therewith or at any time thereafter
       (including following the expiration of the Fee Period) any
       Sale is consummated, PJSC shall be entitled to receive a
       transaction fee (a "Sale Transaction Fee"), contingent upon

       the consummation of a Sale and payable at the closing
       thereof, which shall be equal to the lesser of $7,500,000
       or 1.50% of the total consideration received or realized by

       the Company in connection with such Sale, including but not

       limited to any credit bid of secured indebtedness or
       express assumption of liabilities. Notwithstanding anything

       to the contrary in the Engagement Letter, only one fee
       shall be payable under the Engagement Letter, and if both
       of such fees becomes payable to PJSC hereunder, the higher
       of such fees shall be paid to PJSC.

    -- In addition to any Restructuring Transaction Fee or Sale
       Transaction Fee that may become due under the Engagement
       Letter, if at any time during the Fee Period, the Company
       (x) consummates any Financing or (y)(1) the Company
       receives and accepts written commitments for one or more
       Financings and (2) concurrently therewith or at any time
       thereafter any Financing is consummated, the Company will
       pay to PJSC the following fees:

       (i) 1.00% of the gross proceeds of any indebtedness issued
           in connection with a Financing that is secured by a
           first lien, including, without limitation, any DIP
           Financing;

      (ii) 3.00% of the gross proceeds of any indebtedness issued
           in connection with a Financing that (x) is secured by a

           second or more junior lien, (y) is unsecured and/or (z)

           is subordinated or unitranche debt; and

     (iii) 5.00% of the gross proceeds of any equity or equity-
           linked securities or obligations issued in connection
           with a Financing.

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

Durc A. Savini, managing director and head of the Restructuring and
Recapitalization Group of PJSC, assured the Court that the firm is
a "disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Debtors and their estates.

PJSC can be reached at:

       Durc A. Savini
       PETER J. SOLOMON COMPANY, L.P. AND
       PETER J. SOLOMON SECURITIES COMPANY, LLC
       1345 Avenue of the Americas
       New York, NY 10105
       Tel: (212) 508-1600
       Fax: (212) 508-1633

                    About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11 of
title 11 of the United States Code in Delaware.  The Debtors are
seeking joint administration under the main case, In re Quicksilver
Resources Inc. Case No. 15-10585.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton & Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

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

                           *     *     *

The Debtors have previously been given exclusive right to file a
bankruptcy plan through October 13, 2015.  They are seeking a
further extension of the exclusive plan filing period through
February 1, 2016.



QUICKSILVER RESOURCES: Swings to $122M Net Loss in Q3
-----------------------------------------------------
Quicksilver Resources Inc. filed with the Securities and Exchange
Commission its Form 10-Q report for the quarterly period ended
September 30, 2015.

Quicksilver Resources reported revenues of $58,987,000 for the
third quarter 2015 compared to $163,498,000 in revenues for the
same quarter last year.  Revenues for the past three quarters
totaled $227,119,000 down from $373,316,000,000 for the same
nine-month period in 2014.

The Company finished the third quarter with a net loss of
$122,452,000.  In contrast, it ended the third quarter last year
with a net income of $23,757,000.  For the nine-month period, the
Company reported a net loss of $409,958,000, wider compared to
$71,171,000 net loss in 2014.

Total assets were $730,224,000 at Sept. 30, 2015, while Total
current liabilities were $214,517,000 and Liabilities subject to
compromise were $1,884,128,000.

A copy of the Third Quarter 2015 report is available at
http://is.gd/NY1dFv

                   About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary Chapter 11 petitions in Delaware, In re
Quicksilver Resources Inc. Case No. 15-10585.  Quicksilver's
Canadian subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton & Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc. is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and total
stockholders' deficit of $1.14 billion.

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

                           *     *     *

The Debtors have previously been given exclusive right to file a
bankruptcy plan through October 13, 2015.  They are seeking a
further extension of the exclusive plan filing period through
February 1, 2016.


REICHHOLD HOLDINGS: ACE Companies Want Changes to Plan Outline
--------------------------------------------------------------
ACE American Insurance Company and Illinois Union Insurance Company
filed an objection to the disclosure statement explaining Reichhold
Holdings US, Inc., et al.'s proposed liquidating plan.

Prior to the Petition Date, the ACE Companies issued certain
insurance policies to one or more of the Debtors or their
predecessors, as named insureds.

The ACE Companies aver that the Disclosure Statement does not
contain the adequate information required by 11 U.S.C. Sec. 1125
because, among other things:

   -- The Disclosure Statement does not sufficiently or adequately
describe Products Insurance Policies and other insurance coverage
potential applicable to Asbestos Claims.

   -- The Disclosure Statement does not attach copies or provide
adequate details on the terms of an existing Defense and Indemnity
Agreement between the Debtors and certain insurance carriers
related to Asbestos Claims and a potential Products Insurance
Cooperation Agreement to take the place of Defense and Indemnity
Agreement following confirmation of the Plan

   -- Provisions in the Disclosure Statement and Plan create
ambiguity and confusion as to how Asbestos Claims, Products
Insurance Policies and Products Insurance Causes of Action will be
handled post-confirmation.

   -- Art. IV Sec. I.G.2 of the Disclosure Statement (and the
corresponding section of the Plan) entitled "Resolution of Asbestos
Claims by the Liquidating Trust" is ambiguous and confusing
because, among other things, the sections provides (i) Insured
Asbestos Claims will be "defended against and liquidated,
determined, or otherwise resolved by the Liquidating Trust in
cooperation with the Products Insurance Carriers participating in
the Products Insurance Cooperation Agreement" and (ii) Insured
Asbestos Claims will be paid in accordance with the terms of the
Products Insurance Cooperation Agreement, but the terms and
conditions of the Products Insurance Cooperation Agreement are not
disclosed.

   -- The injunction provisions and the provisions regarding the
termination of the automatic stay as to Asbestos Claims create
ambiguity as to whether the injunction provision and automatic stay
apply to Insured Claims.

Counsel for the ACE Companies:

         Richard W. Riley, Esq.
         DUANE MORRIS LLP
         222 Delaware Avenue, Suite 1600
         Wilmington, DE 19801-1659
         Telephone: (302) 657-4900
         Facsimile: (302) 657-4901
         E-mail: rwriley@duanemorris.com

                - and -

         Wendy M. Simkulak, Esq.
         30 South 17th Street
         Philadelphia, PA 19103-4196
         Telephone: (215) 979-1000
         Facsimile: (215) 979-1020

                      The Liquidating Plan

On Sept. 15, 2015, the Debtors filed a proposed Plan of Liquidation
that promises a less than 5% recovery to holders of general
unsecured claims.

Under the Plan, Class 3 - General Unsecured Claims, which are
estimated to range from $384,972,000 to $459,972,000, are impaired
and will receive pro rata share of the liquidating interests.

An integral component of the purchase price for substantially all
of the Debtors' assets was ensuring that the Debtors had sufficient
funds to wind down their estates.  Accordingly, the Stalking Horse
Purchaser agreed to fund the Seller's closing and wind down
expenses as follows: (X) an amount estimated in good faith by the
Debtors, but in no event in excess, in the aggregate, of $6,770,000
for (i) the wind down of the Debtors' bankruptcy estates, (ii)
amounts to pay taxes, (iii) fees payable to the U.S. Trustee, (vi)
accrued and unpaid professionals, consulting and investment banking
fees, (v) insurance premiums, and (vi) other postpetition and
unpaid operating expenses; and (Y) the amount which will in no
event exceed $1,636,000 to be spent for environmental-related
liabilities.

The hearing to consider approval of the explanatory Disclosure
Statement is slated for Nov. 17, 2015, at 11:30 a.m. (Eastern).

                         About Reichhold

Founded in 1927, Reichhold, with its world headquarters and
technology center in Durham, North Carolina, is one of the world's
largest manufacturer of unsaturated polyester resins and a leading
supplier of coating resins for the industrial, transportation,
building and construction, marine, consumer and graphic arts
markets.  Reichhold -- http://www.Reichhold.com/-- has
manufacturing operations throughout North America, Latin America,
the Middle East, Europe and Asia.

As of June 30, 2014, the Reichhold companies had consolidated
assets of $538 million and liabilities of $631 million.

Reichhold Holdings US, Inc., Reichhold, Inc., and two U.S.
affiliates sought Chapter 11 protection (Bankr. D. Del. Lead Case
No. 14-12237) on Sept. 30, 2014.

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.
Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.  Logan
&
Company is the company's claims and noticing agent.  The cases are
assigned to Judge Mary F. Walrath.

The U.S. Trustee for Region 3 appointed seven creditors of
Reichhold Holdings US, Inc. to serve on the official committee of
unsecured creditors.

On April 1, 2015, the U.S. Trustee named three non-union retirees
of Debtors to serve as the official Non-Union Retiree Committee.
Each of the Retiree Committee members is receiving retiree welfare
benefits from one or more of the Debtors.

On April 2, 2015, Reichhold disclosed that the purchase of most of
the assets of the U.S. business was completed.  This transaction,
approved by the Delaware Bankruptcy Court on January 12, 2015,
allows Reichhold's U.S. businesses to successfully emerge from
bankruptcy and re-join the rest of the global Reichhold
organization.  Concurrent with this purchase, Reichhold completed
a
debt-for-equity exchange with a group of investors led by Black
Diamond Capital Management LLC and including J.P. Morgan
Investment
Management, Inc., Third Avenue Management LLC, and Simplon
Partners
LP.


RELATIVITY MEDIA: Judge Overturns TRO on VII Peaks' Bank Accounts
-----------------------------------------------------------------
A bankruptcy judge has issued an order dissolving the temporary
restraining order that was placed on VII Peaks Capital's bank
accounts after it allegedly reneged on an agreement to help fund
the sale of Relativity Media LLC's television business.

U.S. Bankruptcy Judge Michael Wiles signed the order last week
after Relativity and VII Peaks agreed to negotiate to settle the
complaint filed by the company.

Relativity on Oct. 19 sued the investment management firm after the
latter backed out of its obligation to provide $30 million to help
finance the $125 million sale of the company's TV business to its
senior lenders.

In its complaint, Relativity expressed concern that the firm's
refusal to fulfill its obligation would jeopardize the company's
restructuring.

"Its $30 million commitment is a key piece of funding necessary to
consummate the transactions that will allow for the restructuring
of Relativity," the company said in the filing.

Judge Wiles is set to hold a hearing on Nov. 13 to consider
Relativity's motion for a preliminary injunction.

The lawsuit is Relativity Holdings LLC v. VII Peaks Capital LLC,
case number 15-01361, in the U.S. Bankruptcy Court for the Southern
District of New York.

                       Television Biz Sale

Relativity on Oct. 6 received court approval to sell its TV
business to its senior lenders Anchorage Capital Group LLC, Falcon
Investment Advisors LLC and Luxor Capital Group LP.

The hedge funds, which are owed a total of about $366 million plus
interest, agreed to forgive $125 million in debt and inject $75
million of fresh capital into the TV business.  

Relativity initially received a $250 million offer from the hedge
funds to purchase substantially all of its assets.  Prior to the
court-supervised auction, the hedge funds reduced their bid to $125
million and offered to buy only the company's TV studio out of
bankruptcy.

A copy of the latest version of the sale agreement is available for
free at http://is.gd/zu9Nfh

Relativity said it sees its transaction with the hedge funds as the
"best strategy to maximize value," adding that it did not only
allow the sale of its major assets but also gave the company an
opportunity to reorganize the remainder of its business.

The sale of the TV business drew objections most of which were
related to contracts to be assigned to the buyers as part of the
deal.  On Oct. 16 and 20, the bankruptcy court issued orders
resolving most of these objections.

                    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.

On August 7, 2015, the U.S. Trustee for Region 2 appointed seven
creditors to serve on the Debtors' official committee of unsecured
creditors.  The creditors are Allied Advertising Limited
Partnership, Carat USA Inc., Cinedigm Corp., Comen VFX LLC, Create
Advertising Group LLC, NBC Universal, and Technicolor Inc.  Togut,
Segal & Segal LLP represents the Committee.


RICHARD DEMONBREUN: Dismissal of Suit for Unpaid Fees Reversed
--------------------------------------------------------------
The Court of Appeals of Tennessee, at Nashville, reversed the
judgment of dismissal by the trial court that the suit for unpaid
fees was barred by the applicable statute of limitations.

The appeal arises from the dismissal of suit for unpaid fees.  Dr.
Mark A. Cohen, an expert, and Richard A. Demonbreun, an attorney,
entered into a services agreement in March 2005.  Dr. Cohen first
invoiced for his services in January 2006.  Additional services
were rendered after that date, and Dr. Cohen sent additional
invoices.  Despite repeated requests from Dr. Cohen and promises
from Demonbreun, invoices went unpaid except for a small partial
payment.  On September 19, 2013, Dr. Cohen filed suit against
Demonbreun in general sessions court and obtained a default
judgment.  Demonbreun then appealed to circuit court.  On a motion
for summary judgment, the trial court found that Mr. Cohen's suit
was barred by the applicable statute of limitations.

According to the Court of Appeals, the suit was filed within six
years of one of the alleged breaches of the parties' agreement.
That disputed issues of material fact exist as to whether the
doctrine of equitable estoppel tolls the applicable statute of
limitations, the Court of Appeals held.

The case is captioned MARK A. COHEN, v. RICHARD A. DEMONBREUN, NO.
M2014-02403-COA-R3-CV.

A full-text of the Opinion dated September 30, 2015 is available at
http://is.gd/MPQgskfrom Leagle.com

Mark A. Cohen is represented by:

James C. Edwards, Esq.
MOORE & VAN ALLEN
100 North Tryon Street
Suite 4700
Charlotte, NC 28202-4003
Phone: (704) 331-3660
Fax: (704) 409-5688
Email: jimedwards@mvalaw.com


SABINE OIL: Bracewell & Giuliani Files Rule 2019 Statement
----------------------------------------------------------
Bracewell & Giuliani LLP disclosed in a court filing that it
represents five creditors in the Chapter 11 cases of Sabine Oil &
Gas Corp. and its affiliates.

The creditors are El Rucio Land and Cattle Company Inc., San
Juanito Land Partnership Ltd., McAllen Trust Partnership, James A.
McAllen, and Nordheim Eagle Ford Gathering LLC.

Bracewell said it does not own a claim or interest in the companies
or their estates.

The firm made the disclosure pursuant to Rule 2019 of the Federal
Rules of Bankruptcy Procedure.

Bracewell can be reached at:

     William A. (Trey) Wood III
     Jason G. Cohen
     Bracewell & Giuliani LLP
     711 Louisiana Street, Suite 2300
     Houston, Texas 77002
     Telephone: (713) 223-2300
     Facsimile: (713) 221-1212
     E-mail: Trey.Wood@bgllp.com
             Jason.Cohen@bgllp.com

          - and -

     Robert G. Burns
     Bracewell & Giuliani LLP
     1251 Avenue of Americas, 49th Floor
     New York, New York 10020-1104
     Telephone: (212) 508-6100
     Facsimile: (800) 404-3970
     E-mail: Robert.Burns@bgllp.com

                       About Sabine Oil & Gas

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

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

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

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SABINE OIL: UNOCAL's Indemnity Claim Remains in Bankruptcy Court
----------------------------------------------------------------
Margaret Minor Shaffer, et al., filed suit in the 32nd Judicial
District for the Parish of Terrebonne against Chevron USA, Inc.,
Chevron Environmental, Chevron Midcontinent, Union Oil Company of
California, Sabine Oil & Gas Corporation, Tommy F. Thomas and Roger
L. Hebert, alleging damage resulting from oil and gas exploration,
including the operation of waste pits, wells, gathering/commingling
facilities; and the operation of a gas plant on a property adjacent
to the Plaintiffs' property.

The Plaintiffs seek monetary damages and restoration of their
property, including the removal of equipment remaining on site.
The Plaintiffs' claims arise under Louisiana law.  The State Court
case has been pending for over three years during which time the
parties have exchanged thousands of documents and conducted
numerous depositions.

On June 22, 2015, UNOCAL sought leave from the State Court to
pursue indemnity and cross-claims against Sabine as the
successor-in-interest to Forest.  UNOCAL represented that the
additional cross-claims against Sabine would not delay the case's
resolution.  UNOCAL also represented that should Sabine file for
bankruptcy relief, the automatic stay would not prohibit the
Plaintiffs' suit from progressing but only stay the new
cross-claim.  Based on these representations, the State Court
entered a Judgment to that effect, permitting the filing of the
cross-claim, but also recognizing that should Sabine file for
bankruptcy relief, the stay would be inapplicable to the main
demand.

UNOCAL's cross-claim against Sabine asserts an indemnity agreement
for damages it may owe to Plaintiffs.

On June 24, 2015, Plaintiffs' filed a Motion to Dismiss Sabine from
the State Court proceedings.

On July 15, 2015, Sabine filed a voluntary petition for relief
under Title 11, Chapter 11 of the United States Bankruptcy Code.
The case is pending in the Southern District of New York.

The Defendants filed a Notice of Removal of the State Court case to
the United States District Court for the Eastern District of
Louisiana.  On August 19, 2015, the United States District Court
referred the case to United States Bankruptcy Court for the Eastern
District of Louisiana.  The Defendants then filed a Motion to
Transfer Venue to the Southern District of New York.  The
Plaintiffs filed a Motion to Remand to State Court or Abstain.

The Defendants argue that the Bankruptcy Court has jurisdiction
over the main demand because it is related to the administration of
Sabine's bankruptcy case.  As a result, the Defendants assert that
the bankruptcy courts are the preferable forum to liquidate the
main demand.  In addition, the Defendants seek the transfer of the
case to the Southern District of New York where Sabine's bankruptcy
is pending.  In response, the Plaintiffs aver that the federal
courts lack jurisdiction over the main demand because it is not
related to the administration of the Sabine bankruptcy and an
independent basis for asserting jurisdiction does not exist.  The
Plaintiffs seek a remand of the main action to State Court.  In the
alternative, the Plaintiffs request that the Bankruptcy Court
abstain from deciding the State Case.

Judge Elizabeth W. Magner of the United States Bankruptcy Court for
the Eastern District of Louisiana granted in part and denied in
part the Plaintiffs' Motion to Remand its claims.  The actions by
the Plaintiffs against against Chevron USA, Chevron Environmental,
Chevron Midcontinent, UNOCAL, Thomas, and Hebert, are remanded as
are any cross-claims between them.  However, the third-party demand
by UNOCAL against Sabine is severed from the actions and retained
by the Bankruptcy Court.  The Bankruptcy Court will stay any
prosecution on the action pending the entry of judgment on the
remanded matters.  The Motion to Transfer Venue is denied.

The case is IN RE: MARGARET MINOR SHAFFER, ET AL, Plaintiffs, v.
CHEVRON, U.S.A., INC., ET AL, Defendants, CASE NO. 15-102 (Bankr.
E.D. La.).

A full-text copy of the Decision dated October 14, 2015 is
available at http://is.gd/kpGPkdfrom Leagle.com.

Margaret Minor Shaffer, Plaintiff, represented by Brian T
Carmouche, Esq. -- Talbot, Carmouche & Marcello, Donald T.
Carmouche,  Esq. -- Talbot, Carmouche & Marcello, John Hogarth
Carmouche,  Esq. -- Talbot, Carmouche & Marcello, William Robert
Coenen III,  Esq. -- Talbot, Carmouche & Marcello, Leah G. Cotton,
Esq. -- Talbot, Carmouche & Marcello, Ross Joseph Donnes,  Esq. --
Talbot, Carmouche & Marcello, Victor Lynn Marcello,  Esq. --
Talbot, Carmouche & Marcello, Caroline Hidalgo Martin,  Esq. --
Talbot, Carmouche & Marcello, Diane Adele Owen,  Esq. -- Talbot,
Carmouche & Marcello, Barbara B. Parsons, Esq. --
bparsons@steffeslaw.com -- Steffes, Vingiello & McKenzie, LLC,
William E. Steffes, Esq. -- wsteffes@steffeslaw.com -- Steffes
Vingiello & McKenzie LLC, Todd J Wimberley,  Esq. -- Talbot,
Carmouche & Marcello

Chevron U.S.A., Inc., Defendant, represented by Lauren Cullum
Barrera, Esq. -- lauren.barrera@keanmiller.com -- Kean Miller LLP,
John C Funderburk, Esq. -- john.funderburk@keanmiller.com -- Kean
Miller, Louis Victor Gregoire Jr., Esq. --
louis.gregoire@keanmiller.com -- Kean Miller, Michael R. Phillips,
Esq. -- michael.phillips@keanmiller.com -- Kean Miller, LLP,
Brittany Buckley Salup, Esq. -- brittany.salup@keanmiller.com --
Kean Miller LLP, Andrew M. Stakelum, Esq. -- astakelum@kslaw.com --
King & Spalding, LLP

Union Oil Company of California, Defendant, represented by Alan J.
Berteau, Esq. -- alan.berteau@keanmiller.com -- Kean Miller,
Michelle Purchner Cumberland, Esq. --
michelle.cumberland@keanmiller.com -- Kean Miller LLP

Forest Oil Corporation, Defendant, represented by Philip
Kirkpatrick Jones Jr., Esq. -- pkjones@liskow.com -- Liskow &
Lewis

Sabine Oil & Gas Corporation, Defendant, represented by George H.
Robinson Jr., Esq. -- ghrobinson@liskow.com -- Liskow & Lewis.

                       About Sabine Oil & Gas

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

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

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

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SANDRA BERCOVITZ: Court Refuses to Confirm Amended Ch. 11 Plan
--------------------------------------------------------------
Judge Jacqueline P. Cox of the United States Bankruptcy Court for
the Northern District of Illinois, Eastern Division, denied
confirmation of Sandra Bercovitz's Amended Plan of Reorganization
as the Debtor has not met her burden of showing that the Plan is
feasible under Section 1129(a)(11) of the Bankruptcy Code.

Sandra Bercovitz filed for bankruptcy to save her home from
foreclosure.  She is employed as a real estate broker and receives
social security income.  On July 13, 2015, the Debtor filed the
Amended Plan.  Select Portfolio Servicing, Inc., which services the
first mortgage lien on the Debtor's residence, voted to reject the
Plan and, on July 27, 2015, filed an Objection to Confirmation on
the basis that the Plan is not feasible.  The United States Trustee
supports Select Portfolio's Objection.

The case is In re: SANDRA BERCOVITZ, Chapter 11, Debtor, BANKRUPTCY
NO. 14-44669 (Bankr. N.D. Ill.).

A full-text copy of the Memorandum Decision dated October 19, 2015
is available at http://is.gd/L1zbO6from Leagle.com.

Sandra Bercovitz, Debtor, represented by O Allan Fridman, Law
Office of O. Allan Fridman.


SANDY HILLS: Sanction for Automatic Stay Violation Affirmed
-----------------------------------------------------------
Joanna Seybert of the United States District Court for the Eastern
District of New York denied the appeal of Long Island Pine Barrens
Society, Inc., and its attorney, Regina Seltzer, from the May 22,
2014 Order of the Bankruptcy Court finding that Pine Barrens and
Ms. Seltzer willfully violated the automatic bankruptcy stay in the
Chapter 11 bankruptcy proceeding of Sandy Hills, LLC, and imposed
civil contempt sanctions on Pine Barrens and Ms. Seltzer, jointly
and severally.

The case is captioned LONG ISLAND PINE BARRENS SOCIETY, INC.,
Appellant, v. SANDY HILLS, LLC, Appellees. NO. 14 CIV. 7643 (ER).
E.D. BANKR. CASE NO. 8-12-74482 (AST), NO. 14-CV-4678 (JS).

A full-text of the Order dated September 30, 2015 is available at
http://is.gd/JG9mJwfrom Leagle.com.

Appellant is represented by:

Regina Seltzer, Esq.
LONG ISLAND PINE BARRENS SOCIETY RIVERHEAD, NY
547 East Main Street
Riverhead, NY 11901
Phone: (631) 369-3300
Fax: (631) 369-3389

Appellee is represented by:

Stephen P. Gelfand, Esq.
LAW OFFICE OF STEPHEN P. GELFAND, ESQ. SMITHTOWN, NY
548 WEST JERICHO TURNPIKE,
SMITHTOWN, NEW YORK 11787
Phone: (631) 470-5300
Fax: (631) 470-5302
Email: info@stephengelfandlaw.com

                    About Sandy Hills

Sandy Hills, LLC, based in Saint James, NY, filed for Chapter 11
bankruptcy (Bankr. E.D.N.Y. Case No. 12-74482) on July 19, 2012, in
Central Islip.  Judge Dorothy Eisenberg oversees the case.  Stephen
P. Gelfand, Esq., at Law Offices of Stephen P. Gelfand, P.C.,
serves as the Debtor's counsel.  It scheduled assets of $6,500,093
and liabilities of $4,770,228.  The petition was signed by Francis
Weber, manager.


SCIENTIFIC GAMES: Amends Agreement with Executive Vice Chairman
---------------------------------------------------------------
Scientific Games Corporation entered into an amendment agreement
with Richard Haddrill, executive vice chairman of the Board, to
amend Mr. Haddrill's employment agreement, dated as of Dec. 8,
2014, according to a document filed with the Securities and
Exchange Commission.

The amendment to Mr. Haddrill's agreement was entered into in light
of the successful achievement of certain of the Company's
integration and synergy-related goals that Mr. Haddrill was
supporting.  Additionally, the amendment reflects a shift in Mr.
Haddrill's responsibilities to increase his focus on the Company's
business development priorities and special strategic projects
assigned to him by Mr. Gavin Isaacs and the Board.  It is
envisioned that these responsibilities will include providing
support to Mr. Isaacs in the areas of key account endeavors,
organizational development, and the implementation of special
strategic and operational projects in support of the Company's
near-term business development initiatives and long-term goals.

The amendment is intended to provide Mr. Haddrill with appropriate
bonus and equity compensation and other incentives tied to the
achievement of Mr. Haddrill's responsibilities under his amended
agreement.

                     About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/  

Scientific Games reported a net loss of $234 million in 2014, a net
loss of $30.2 million in 2013 and a net loss of $62.6 million for
2012.

As of June 30, 2015, the Company had $9.4 billion in total assets,
$9.7 billion in total liabilities and a $260.1 million total
stockholders' deficit.

                           *     *     *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to 'B1'.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.

"The downgrade and CreditWatch placement follow Scientific Games'
announcement that it has agreed to acquire Bally Technologies for
$5.1 billion, including the refinancing of about $1.8 billion in
net debt at Bally," said Standard & Poor's credit analyst Ariel
Silverberg.


SCIENTIFIC GAMES: Extends CEO's Employment Until 2018
-----------------------------------------------------
Scientific Games Corporation entered into an amendment agreement
with Gavin Isaacs, president and chief executive officer of the
Company on Oct. 29, 2015, according to a Form 8-K filed with the
Securities and Exchange Commission.  The amendment extends Mr.
Isaacs' employment agreement to June 2018.  Except for the
extension, the terms of Mr. Isaacs' employment agreement remain
unchanged.  The extension was in recognition of the successful
attainment of key business objectives, including integration
milestones, over the past 16 months.

                      About Scientific Games

Scientific Games Corporation is a developer of technology-based
products and services and associated content for worldwide gaming
and lottery markets.  The Company's portfolio includes instant and
draw-based lottery games; electronic gaming machines and game
content; server-based lottery and gaming systems; sports betting
technology; loyalty and rewards programs; and social, mobile and
interactive content and services.  Visit
http://www.scientificgames.com/  

Scientific Games reported a net loss of $234 million in 2014, a net
loss of $30.2 million in 2013 and a net loss of $62.6 million for
2012.

As of June 30, 2015, the Company had $9.4 billion in total assets,
$9.7 billion in total liabilities and a $260.1 million total
stockholders' deficit.

                           *     *     *

The TCR reported on May 21, 2014, that Moody's Investors Service
downgraded Scientific Games Corporation's ("SGC") Corporate Family
Rating to 'B1'.  The downgrade reflects Moody's view that slower
than expected growth in SGC's Gaming and Instant Products segments
will cause Moody's adjusted leverage to exceed 6.0 times by the
end of 2014.

As reported by the TCR on Aug. 5, 2014, Standard & Poor's Ratings
Services lowered its corporate credit rating to 'B+' from 'BB-' on
Scientific Games Corp.

"The downgrade and CreditWatch placement follow Scientific Games'
announcement that it has agreed to acquire Bally Technologies for
$5.1 billion, including the refinancing of about $1.8 billion in
net debt at Bally," said Standard & Poor's credit analyst Ariel
Silverberg.


SHAW FAMILY ARCHIVES: Suit Over 1994 Settlement Partially Dismissed
-------------------------------------------------------------------
In an order dated September 22, 2015, a full-text copy of which is
available at http://is.gd/dS9Cg6from Leagle.com, Judge Nelson S.
Roman of the United States District Court for the Southern District
of New York granted Gary Adelman's motion to dismiss an adversary
proceeding against him, and granted the Shaw Family Defendants'
motion to dismiss with respect to claims 9,12,15,19 and 21 and that
of claim 8 pertaining to the theory that the 1998 Trust is
invalid.

Sam Shaw was a photographer whose subjects included celebrities
such as Marilyn Monroe, Marlon Brando, and Aaron Copland.  Sam had
three children, Larry Shaw, Edie Shaw Stevens and Meta Shaw Marcus.
Larry was also a photographer.  He and his father, Sam, had a
contentious relationship.  In 1994, Sam sued Larry in New York
Supreme Court to recover photographs that were in Larry's
possession, which Sam claimed to have snapped.  Larry asserted
cross-claims concerning the scope of Larry's right to commercially
exploit certain photographs of Marilyn Monroe that Sam had assigned
to Larry.   However, over the course of the succeeding eight years,
the litigation expanded into a contest over the attribution and
ownership of virtually all photographs snapped by either Larry or
Sam during their lifetimes.

In 1998, during the pendency of the 1994 Action, Sam allegedly
executed a trust purporting to convey all copyrights he owned to a
trust for the benefit of Edie and Meta, and completely
disinheriting Larry.  The Estate alleged that this trust was
invalid because the copyrights it purported to transfer were
disputed at the time of execution.  Sam died on April 5, 1999, and
Edie and Meta continued to litigate the 1994 Action against their
brother Larry.

The 1994 Action ultimately settled on June 5, 2002, when the
parties verbally set forth the terms of their settlement in open
court before a Judicial Hearing Officer.

On June 1, 2011, Shaw Family Archives filed a voluntary Chapter 11
petition in the Bankruptcy Court for the Southern District of New
York.

The instant litigation is largely concerned on the terms of that
settlement, which was transcribed but never reduced to a separate
written agreement.  The chief issue in the litigation was whether
the 2002 Settlement effected a transfer of copyrights from Larry,
Edie, and Meta to the new entity, Shaw Family Archives.

There are two categories of claims in the Second Amended Complaint.
The first category comprises claims related to copyright ownership.
The Second Amended Complaint claims that Shaw Family Archives owns
the subject copyrights, or, in the alternative, is a beneficial
owner. The Estate asks for declaratory and injunctive relief to
protect Shaw Family Archives' purported ownership of the copyrights
and to prevent Defendants from acting adverse to Shaw Family
Archives' ownership claim, as well as disgorgement of any royalties
paid to Sam Shaw Inc.

The second category comprises claims related to Edie and Meta's
alleged waste and mismanagement of Shaw Family Archives. With
respect to these causes of action, the Second Amended Complaint
requests various forms of declaratory, injunctive, and compensatory
relief.

The Shaw Family Defendants move to dismiss all of the claims in the
Second Amended Complaint. Defendant Adelman moved to dismiss all of
the claims asserted against him in the initial Complaint, which the
Court construed as a motion to dismiss all of the claims asserted
against him in the Second Amended Complaint. Shaw Family Defendants
also moved for sanctions pursuant to Rule 11 of the Federal Rules
of Civil Procedure.

The case is captioned THE ESTATE OF LARRY SHAW and SUSAN SHAW, as
the Executor of the Estate of Larry Shaw, asserting claims on
behalf of a New York corporation, SHAW FAMILY ARCHIVES, LTD. on a
shareholder derivative basis and/or, when so pleaded, individual
claims for the benefit of the ESTATE OF LARRY SHAW, Plaintiffs, v.
EDIE SHAW MARCUS aka Edith Marcus, META SHAW STEVENS aka Meta
Stevens, DAVID MARCUS, MELISSA STEVENS, GARY ADELMAN, ESQ., and SAM
SHAW INC., Defendants, and SHAW FAMILY ARCHIVES, LTD., as a Nominal
Party to the Action. SAM SHAW, INC., META STEVENS, EDITH MARCUS,
MELISSA STEVENS, and DAVID MARCUS, Plaintiffs, v. THE ESTATE OF
LARRY SHAW and SUSAN SHAW, Defendants, NOS. 7:14-CV-3849 (NSR),
7:14-CV-5653 (NSR)

Plaintiffs are represented by:

Joseph H. Adams, Esq.
Nyack, New York City
Phone:(845) 353 2320
Fax:(845) 353 6934
Email: joelawesq@gmail.com

Defendants are represented by:

Natalie Sulimani, Esq.
SULIMANI LAW FIRM
116 West 23rd Street, Suite 500
New York, NY 10011
Tel. 212.863.9614
Fax 718.228.8739
Email: info@sulilaw.com

   --and--

Christopher Serbagi, Esq.
THE SERBAGI LAW FIRM, P.C.
488 Madison Avenue, Suite 1120
New York, New York 10022
Phone: 212-593-2112
Fax: 212-308-8582
Email: christopher@serbagilaw.com

              About Shaw Family Archives

Shaw Family Archives, Ltd., a company created to own and
license photographs made by the late Sam Shaw, filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 11-23099) on June 1,
2011.  Mr. Shaw took the famous photograph of Marilyn Monroe
standing atop a sidewalk grate, her skirt flying up.  The Shaw
archive also has photos of John Wayne, Sophia Loren, Marlon Brando
and Audrey Hepburn.

The organization's president and the late photographer Sam Shaw's
daughter, blamed the filing on a series of lawsuits involving the
late Marilyn Monroe's photographs and other issues.

Lawrence F. Morrison, Esq., at The Morrison Law Offices PC, in New
York, serves as counsel.  The Debtor estimated $1,000,001 to
$10,000,000 in assets and debts.


SIGA TECHNOLOGIES: Posts $5.6M Net Loss for 3rd Quarter
-------------------------------------------------------
SIGA Technologies, Inc. filed with the Securities and Exchange
Commission its Form 10-Q report for the quarterly period ended
September 30, 2015.

SIGA reported revenues of $1,327,403 from Research and development
for the third quarter, a slight increase from $1,099,429 for the
same period last year.

Revenues were $3,986,955 for the nine-month period ended Sept. 30,
2015, compared to $2,299,456 for the same period last year.

SIGA posted $5,630,520 Net and comprehensive loss for the third
quarter, down from the Net and comprehensive loss of $240,076,761
for the same period a year ago.

The Company said Net and comprehensive loss for the past three
quarters was $19,357,276, also down from the Net and comprehensive
loss of $246,406,883 a year ago.

SIGA had total assets of $197,165,006 at Sept. 30, 2015, against
total liabilities of $461,832,710.

A copy of the Company's Form 10-Q report is available at
http://is.gd/NUFefC

                      About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due
May 14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645
in liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
Proskauer Rose LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


SRP PLAZA: Disclosure Statement Hearing Moved to Nov. 17
--------------------------------------------------------
SRP Plaza L.P. and its secured lender have, for a second time,
continued the hearing on the disclosure statement explaining SRP
Plaza's reorganization plan as the parties are working on a
consensual plan.

In the first stipulation, the Debtor and U.S. Bank, N.A., as
successor trustee for the Registered Holders of Bear Sterns
Commercial Mortgage Securities, Inc., Commercial Mortgage
Pass-Through Certificates, Series 2005-PWR7, agreed to the
continuance of the Sept. 30 hearing to Oct. 21.  The parties
explained that they have reached an agreement with regards to the
repayment terms for the claim of Secured Lender, and that it would
be in the best interest for the Parties and the Chapter 11 estate,
that a joint consensual plan of reorganization be worked towards
and filed once agreed upon in form.

Pursuant to the second stipulation, which was approved by Judge
Landis on Oct. 14, the hearing on the Disclosure Statement Motion
is continued from Oct. 21 to Nov. 17, 2015, at 1:30 p.m.  The
briefing deadlines with regard to the Motion will be as follows:
oppositions to the Motion shall be filed by Nov. 3, 2015; any reply
to any opposition(s) to the Motion will be filed by Nov. 10, 2015.

                      The Chapter 11 Plan

The Debtor on Aug. 14, 2015, filed its proposed Plan of
Reorganization and explanatory Disclosure Statement.

Pursuant to the Plan, the allowed secured claim of U.S. Bank (Class
1), which includes the outstanding principal of $7.30 million on a
loan, will be refinanced and modified such that the loan will have
a maturity date of 120 months, there will be monthly payments of
principal and interest, and interest will accrue at 4.6% per annum.
Holders of other secured claims (Class 2) will be paid in full in
12 equal monthly payments with post-Effective Date interest at the
Federal Judgment Rate.  Holders of priority non-tax claims (Class
3) will be paid in full on the first business day after the
Effective Date.  Holders of unsecured claims (Class 4) will receive
payment of 100% of their claims six months after entry of the
confirmation order, with simple interest at a rate of 3%.  Holders
of equity interests (Class 5) will retain their legal interest.  

Classes 3 and 5 are unimpaired.  The impaired classes -- Classes 1,
2 and 4 -- would be entitled to vote on the Plan.

                         About SRP Plaza

SRP Plaza, L.P., is the owner of a retail shopping center commonly
known as "Mission Paseo Shopping Center" with addresses of 6985
and 7005 West Sahara Avenue and 2555 and 2585 South Rainbow
Boulevard, Las Vegas, Nevada.  SRP Plaza, L.P., a Single Asset
Real Estate, filed a Chapter 11 petition (Bankr. D. Nev. Case No.
15-12127) on April 16, 2015, to halt a receiver from taking
Control of the property.

U.S. Bank National Association, as successor trustee for the
registered holders of Bear Stearns Commercial Mortgage Securities,
Inc., Commercial Pass-Through Certificates, Series 20015-PW37,
declared an event of default under a Deed of Trust dated on
Dec. 7, 2004, and recorded against the real property of SRP on
Dec. 9, 2004 as Instrument No. 20041209-0003438.

On March 31, 2014, the Bank filed a complaint for appointment of a
receiver in the Eight Judicial District Court, Clark County,
Nevada, being Case No. A-15-71622 against SRP, and on April 9,
2015, filed an application for the appointment of a receiver
seeking the potential seizure of control of SRP's property, which
actions, if allowed to proceed, would cause significant and
irreparable harm to SPR, its creditors and other
parties-in-interest.

The bankruptcy case is assigned to Judge August B. Landis.  The
Debtor disclosed $10,481,975 in assets and $7,327,546 in
liabilities as of the Chapter 11 filing.

SRP Plaza is represented by Zachariah Larson, Esq., Matthew C.
Zirzow, Esq. and Shara L. Larson, Esq. at Larson & Zirzow, LLC in
Las Vegas, Nevada.


STAR GAS: S&P Affirms 'B+' CCR then Withdraws Rating
----------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+'
corporate credit rating on U.S.-based energy partnership Star Gas
Partners L.P. after the partnership used proceeds from a term loan
to redeem the entire amount of its $125 million 8.875% senior notes
due 2017.  The outlook remains stable.  S&P subsequently withdrew
all of its ratings at the partnership's request.


TARGA RESOURCES: Moody's Affirms Ba1 CFR; Outlook Stable
--------------------------------------------------------
Moody's Investors Service affirmed all ratings of Targa Resources
Partners LP (TRP or Partners), including the Ba1 Corporate Family
Rating, the Ba2 senior unsecured notes ratings, the Ba3 preferred
unit rating, and the SGL-3 Speculative Grade Liquidity (SGL) Rating
following Targa Resources Corp.'s (TRC or Targa) announced
agreement to purchase all of the outstanding common units of TRP.
TRC's Ba3 senior secured credit facility ratings and the SGL-3
Speculative Grade Liquidity (SGL) Rating were also affirmed.
Additionally, Moody's placed the Ba3 CFR and the Ba3-PD Probability
of Default Rating (PDR) for Targa, under review for upgrade.  The
rating outlook for TRP remains stable.

"The announced transaction will somewhat simplify the corporate
structure and potentially reduce the combined company's cost of
capital over the long term," commented Arvinder Saluja, Moody's
Senior Analyst.  "However, the transaction has no immediate effect
to the combined company's overall financial leverage or the
relative priority of the respective debt and preferred equity
instruments."

Issuer: Targa Resources Corp.

On Review for Possible Upgrade:

  Probability of Default Rating, Ba3-PD, Placed on Review for
   Upgrade
  Corporate Family Rating, Ba3, Placed on Review for Upgrade

Affirmations:

  Senior Secured Bank Credit Facility, Affirmed Ba3 (LGD 3)
  Speculative Grade Liquidity Rating, Affirmed SGL-3

Outlook:

  Changed To Rating Under Review From Stable

Issuer: Targa Resources Partners LP

Affirmations:

  Probability of Default Rating, Affirmed Ba1-PD
  Corporate Family Rating, Affirmed Ba1
  Speculative Grade Liquidity Rating, Affirmed SGL-3
  Pref. Stock Preferred Stock, Affirmed Ba3 (LGD 6)
  Senior Unsecured Regular Bond/Debentures, Affirmed Ba2 (LGD 4)
  Backed Senior Unsecured Regular Bond/Debenture, Affirmed Ba2
   (LGD 4)

Outlook:

  Remains Stable

Issuer: Targa Pipeline Partners LP

Affirmations:

  Senior Unsecured Regular Bond/Debentures, Affirmed Ba2
  Backed Senior Unsecured Regular Bond/Debenture, Affirmed Ba2

Outlook:

  Remains Stable

RATINGS RATIONALE

Targa and Partners announced an agreement today in which Targa will
acquire all of the public outstanding common units of Partners in
an all stock-for-unit transaction.  Following the acquisition, TRC
will be the sole publicly traded entity with TRP as a wholly owned
subsidiary.  All existing debt at TRP will remain at TRP and Series
A preferred units at TRP will remain outstanding.  The transaction
will be taxable to Partners' third party limited partner (LP) unit
holders, but Targa will benefit from depreciation tax shield from
the asset value step-up that should help avoid a cash tax burden
over the next few years.  The acquisition is expected to close in
the first quarter of 2016, subject to TRP unitholder approval, TRC
shareholder approval and customary closing conditions.

The review for upgrade of Targa's Ba3 CFR reflects Moody's
expectation that the CFR will likely be upgraded to Ba1 at the
close of the transaction, consistent with the existing Ba1 CFR at
Partners.  The announced transaction has no initial impact on the
financial and operational performance of Partners' leading to the
ratings at Partners, including the Ba1 CFR, being affirmed with a
stable outlook.

Following the reorganization that is designed to eliminate the
incentive distribution rights (IDRs) and simplify its equity
ownership, Targa will be able to reduce its overall cost of capital
by issuing equity at the TRC level.  The proposed acquisition of
TRP's third party ownership would improve the overall consolidated
credit profile of TRC by reducing structural complexity and
modestly improving distribution coverage and retained cash flow
metrics.  TRC is expected to have better coverage of its planned
dividends than TRP.

TRP's senior notes are unsecured and the creditors have a
subordinated claim to TRP's assets behind the senior secured
revolving credit facility and the accounts receivable
securitization facility.  Given the substantial amount of
priority-claim secured debt in the capital structure and the
likelihood of using a large portion of the revolver to fund growth
projects, the notes are rated Ba2, one notch below TRP's Ba1 CFR.
The preferred units are rated Ba3, two notches below the Ba1 CFR,
reflecting their effective subordination to all of TRP's existing
senior unsecured notes and the senior secured revolving credit
facility.

TRC's senior secured credit facilities (term loan and revolver) are
both rated Ba3 as the term loan ranks pari passu with its revolving
credit facility and they share the same collateral pool. Both are
secured by substantially all of TRC's assets, but have a residual
claim to TRP's distributed cash flows following debt service at
TRP.  Moody's expects there to be no changes in the TRP or TRC
debts' and preferred units' priority positioning within each
entity's capital structure as a result of the transaction.
Therefore it is likely that the notching of the respective debts
and preferred units will remain unchanged following the
transaction, resulting in the affirmation of all the existing debt
instrument and preferred unit ratings.

After the completion of the proposed transaction, the expected Ba1
CFR for the combined Targa and Partners would be supported by its
scale, EBITDA generation and its track record of strong execution
of growth projects.  TRP has increased geographic diversification,
improved business diversification through entry into crude oil
gathering, and continues to grow its fee-based margin contribution
(expected to be 70% of operating margin in 2015).  Following the
acquisition, TRP's creditors could also benefit from a higher
proportion of equity funding of growth projects in 2016 and 2017.
These positive attributes are tempered by material exposure to the
gathering and processing business, intensified commodity price
weakness, and volume risks.  Despite the resiliency witnessed in
the first half of 2015 and the modest benefits to credit metrics
from this transaction, Moody's expects volumes to decline through
2016, resulting in dividend coverage of approximately 1.0x-1.1x at
TRC and leverage of 4.5x-5.0x at TRP (5.0x-5.5x for the combined
company).

TRP's and TRC's stable outlook incorporates our expectation that
combined company would continue to grow its scale and operating
cash flows by using a prudent mix of equity and debt funding for
its capital projects, and maintain credit metrics at are below
current levels while further increasing fee-based business.

TRP's and TRC's ratings could be downgraded if the combined
company's Debt/EBITDA rises over 5.5x because of insufficient
equity funding of growth capital spending or acquisitions and/or
weaker than expected earnings.  Debt funded acquisition or
significant delays or cost overruns on growth projects could
pressure the ratings.

An upgrade is unlikely through 2016 given the weak commodity price
outlook and elevated financial leverage.  However, the combined
company could be upgraded to Baa3 if leverage is sustained near 4x
and the proportion of fee-based revenues and EBITDA continues to
grow.

Currently, TRC controls TRP by indirectly owning 8.8% of TRP's
outstanding common units, a 2% general partner interest and 100% of
the IDRs.  TRP is a master limited partnership that operates a
portfolio of midstream energy assets that include, gathering
pipelines, gas processing plants, NGL pipeline, NGL fractionation
units, and a marine import/export facility on the Gulf Coast.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.



TARGA RESOURCES: S&P Affirms 'B+' CCR & Puts on CreditWatch Pos.
----------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+'
long-term corporate credit and senior secured debt ratings on Targa
Resources Corp. (TRC) and placed them on CreditWatch with positive
implications.  At the same time, S&P affirmed its 'BB+' long-term
corporate credit and senior unsecured debt ratings on Targa
Resources Partners L.P. (TRP) and maintained the negative outlook.


"The negative outlook on TRP reflects our view that the pro forma
company's slightly improved dividend coverage ratio and simplified
equity structure is offset by high consolidated leverage," said
Standard & Poor's credit analyst Nora Pickens.

Although the transaction immediately improves the pro forma
company's (Targa) cost of capital by eliminating incentive
distribution rights, S&P expects leverage to remain elevated at 5x
to 5.5x in 2016, before trending lower toward 4.5x to 5x in 2017. A
large proportion of Targa's 2016 estimated operating margin, about
30%, is not based on fees and is therefore exposed to fluctuations
in commodity prices.

Pro forma for the transaction, S&P expects adjusted debt to EBITDA
of 5.1x in 2016, but believe consolidated Targa will maintain
financial policies geared to achieve debt to EBITDA below 5x by
2017.  In certain aspects, S&P views Targa's pro forma simplified
"C-corp" structure as supportive of credit quality because it
eliminates incentive distribution rights and streamlines governance
provisions.  At the same time, however, S&P anticipates Targa to
use the vast majority of its free cash flow (after
maintenance-related capital spending) to pay dividends to equity
holders each quarter, and therefore would face similar financial
constraints as a typical master limited partnership.

Pro forma for the transaction, S&P continues to view Targa's
business risk as "satisfactory" given that the company's asset
rofile will remain largely unchanged.  Key factors for the business
risk include the partnership's growing scale and asset diversity,
increasing fee-based cash flows, and good asset diversity.  Factors
that partly offset these strengths include cash flows that are
vulnerable to volatile commodity prices and volume risk, a large
capital spending program, and the master limited partnership
structure, under which the partnership distributes virtually all
cash flow to unitholders.

The placement of TRC on CreditWatch with positive implications
reflects S&P's expectation that it will raise its ratings in line
with those of TRP's existing ratings.  S&P expects to resolve the
CreditWatch placement once it has better insight into the
transaction's timing and final terms.



TEMPLE UNIVERSITY: Moody's Affirms Ba2 Rating; Outlook Developing
-----------------------------------------------------------------
Moody's Investors Service affirms the Ba2 ratings of Temple
University Health System (TUHS).  The rating outlook has been
revised to developing from negative.  The rating action affects
approximately $514 million of rated debt issued through the
Hospitals and Higher Education Facilities Authority of
Philadelphia.

SUMMARY RATING RATIONALE

The Ba2 remains supported by Temple's fundamental credit elements
including its important role as a safety net provider for the City
of Philadelphia as substantiated by material and historically
sizable funding from the Commonwealth.  The affirmation also
reflects TUHS' and the System's role as the academic medical center
for Aa3-rated Temple University (TU), which is the sole corporate
member of TUHS.  The Ba2 recognizes TUHS' ability to gain
operational traction through physician recruitment and clinical
engagement with physicians, driving a quaternary service array, the
generation of an operating surplus in FY 2015 (with Commonwealth
funding), improved revenue cycle and better results at the recently
acquired Fox Chase Cancer Center.

The rating remains constrained by TUHS' highly leveraged balance
sheet relative to operations and cash, an especially competitive
market which continues to consolidate and disproportionate
dependence on supplemental funding from the Commonwealth of
Pennsylvania (rated Aa3 negative) to balance operations.  The
Commonwealth's prolonged budget impasse leaves TUHS particularly
vulnerable to an outsized consumption of cash that may result in a
narrowing to the cash covenant by fiscal year end 2016.

The revision of the rating outlook to developing from negative
reflects the bifurcated direction the credit profile can take in
the near term when balancing TUHS' operational improvement with the
uncertainty regarding receipt of Commonwealth appropriations which
Moody's believes poses significant risk for bondholders at this
time.

OUTLOOK

The developing outlook acknowledges the substantial organic
improvement of TUHS offset by the potential for near-term
contraction of liquidity metrics should the Commonwealth's budget
delay persist and depress TUHS' absolute liquidity.  If the
Commonwealth's budget impasse continues unabated, our credit
opinion could result in a lower rating, however, the Commonwealth's
resolution of its budget impasse could represent a credit-positive
event for TUHS, assuming no other exogenous factors.  Moody's
considers that the combined impact on TUHS' debt ratings of such -
potentially offsetting - changes cannot be reasonably forecast at
this stage.

WHAT COULD MAKE THE RATING GO UP

   -- Material and sustained momentum in operating cash flow
      driven by durable operational improvement

   -- Resolution of the Commonwealth's budget and funding could be

      a stabilizing factor or may change the outlook to positive

   -- Growth in revenue that has resulted from clinical activities

   -- Growth of balance sheet cushion relative to debt and
      operations

   -- Growth in demand, market share and acuity of services will
      also be viewed favorably

WHAT COULD MAKE THE RATING GO DOWN

   -- Failure to secure alternative sources of liquidity if budget

      impasse continues, specifically if weakened headroom under
      debt covenants or covenant default are projected

   -- Reduction in support from the Commonwealth that is not met
      with core operational improvement at the clinical
      enterprises

   -- Inability to sustain improvement in operating cash flow that

      is driven by internal operational improvement

   -- Material use of absolute cash or deterioration of relative
      measures of liquidity

   -- Increase in debt without a material strengthening of
      operations and cash

   -- Disintegration of current relationship with Aa3-rated Temple

      University

OBLIGOR PROFILE

Temple University Health System (TUHS) is a $1.5 billion academic
health system anchored in northern Philadelphia.  The Health System
consists of Temple University Hospital (TUH); TUH-Episcopal Campus;
TUH-Northeastern Campus; Fox Chase Cancer Center, an NCI-designated
comprehensive cancer center; and Jeanes Hospital a community-based
hospital offering medical, surgical and emergency services.  TUHS
also has a network of community-based specialty and primary-care
physician practices.  TUHS is affiliated with the Lewis Katz School
of Medicine at Temple University.

LEGAL SECURITY

The obligated group consists of Temple University Hospital, Inc.,
Temple University Health System, Inc. (TUHS), Jeanes Hospital,
Temple Health System Transport Team, Inc. and Temple Physicians,
Inc. Jeanes, Temple Physicians and Temple Transport each joined the
obligated group contemporaneously with the issuance of the 2005
bonds.  Each member of the obligated group is jointly and severally
liable for all obligations issued under or secured by the Loan and
Trust Agreement.  The Bonds are secured on parity basis with the
obligations currently outstanding issued under the Loan and Trust
Agreement.  As security for the obligated group's obligations under
the Loan and Trust Agreement, each member of the obligated group
has pledged its respective gross receipts.  The Bonds are also
secured by mortgages on certain real property of certain members of
the obligated group.  With the issuance of the Series 2012 bonds, a
liquidity covenant was set at 60 days and a number of the Fox Chase
Entities became members of the Obligated Group.

USE OF PROCEEDS
Not applicable

PRINCIPAL METHODOLOGY

The principal methodology used in this rating was Not-for-Profit
Healthcare Rating Methodology published in March 2012.



TENET HEALTHCARE: Incurs $29 Million Net Loss in Third Quarter
--------------------------------------------------------------
Tenet Healthcare Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing
a net loss available to the Company's common shareholders of $29
million on $4.69 billion of net operating revenues for the three
months ended Sept. 30, 2015, compared to net income available to
the Company's common shareholders of $9 million on $4.17 billion of
net operating revenues for the same period a year ago.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss available to the Company's common shareholders of $43
million on $13.6 billion of net operating revenues compared to a
net loss available to the Company's common shareholders of $49
million on $12.13 billion of net operating revenues for the same
period during the prior year.

As of Sept. 30, 2015, the Company had $23.2 billion in total
assets, $20.5 billion in total liabilities, $1.68 billion in
redeemable noncontrolling interests in equity of consolidated
subsidiaries and $1.01 million in total equity.

"We delivered revenue and EBITDA consistent with our Outlook for
the quarter and generated strong adjusted free cash flow," said
Trevor Fetter, chairman and chief executive officer.  "While we
experienced pressure on lower acuity inpatient hospital admissions,
we continued to drive increases in higher-acuity admissions.  Our
Conifer Health Solutions and United Surgical Partners subsidiaries
performed well and achieved results in line with our
expectations."

Mr. Fetter continued, "In light of the recent market volatility
combined with the cash proceeds that we are anticipating from
divestitures, our Board has approved a new $500 million share
repurchase authorization.  We regularly review our priorities for
capital and believe that a share repurchase authorization is an
appropriate tool to have available to us at this time.  We are
confident that our strategies to drive growth in all three of our
business segments will result in long-term value creation for our
shareholders."

Cash and cash equivalents were $450 million at Sept. 30, 2015,
compared to $193 million at Dec. 31, 2014.  Tenet's outstanding
borrowings on its credit line were $110 million as of Sept. 30,
2015.  Accounts receivable days outstanding were 49.5 at Sept. 30,
2015, compared to 50.7 at June 30, 2015 and 49.5 days at Dec. 31,
2014.  Adjusted net cash provided by operating activities in the
quarter ended Sept. 30, 2015, was $563 million; after subtracting
$207 million of capital expenditures, Adjusted free cash flow was
$356 million. Year to date, Adjusted free cash flow is $444
million.  

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

                        http://is.gd/SwgoKm

                            About Tenet

Tenet Healthcare Corporation -- http://www.tenethealth.com/-- is a
national, diversified healthcare services company with 110,000
employees united around a common mission: to help people live
happier, healthier lives.  The company operates 80 hospitals, 214
outpatient centers, six health plans and Conifer Health Solutions,
a leading provider of healthcare business process services in the
areas of revenue cycle management, value based care and patient
communications.

Tenet Healthcare reported net income attributable to the Company's
shareholders of $12 million for the year ended Dec. 31, 2014,
compared to a net loss attributable to the Company's shareholders
of $134 million during the prior year.

                         *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, 'B' corporate credit
rating from Standard & Poor's Ratings Services and 'B1' Corporate
Family Rating from Moody's Investors Service.


TIDAL WAVE FITNESS: Case Summary & 20 Top Unsecured Creditors
-------------------------------------------------------------
Debtor: Tidal Wave Fitness, LLC
           dba World Gym Ocean City
        107 67th Street
        Ocean City, MD 21842

Case No.: 15-25318

Chapter 11 Petition Date: November 3, 2015

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: James Greenan, Esq.
                  MCNAMEE, HOSEA, ET AL.
                  6411 Ivy Lane, Suite 200
                  Greenbelt, MD 20770
                  Tel: 301-441-2420
                  Email: jgreenan@mhlawyers.com

Total Assets: $92,217

Total Liabilities: $1.60 million

The petition was signed by Byron L. Brooks, III, managing member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mdb15-25318.pdf


UNIVERSAL HEALTH: Chapter 11 Plan Has Effective Date
----------------------------------------------------
Soneet R. Kapila, Liquidating Agent for the estate of Universal
Health Care Group, Inc. filed a notice of effective date of the
Amended Chapter 11 Plan, as Modified, for Universal Health Care
Group, Inc. dated April 16, 2015.  On Aug. 18, 2015, the Court
entered its Final Order Confirming Chapter 11 Trustee’s
Liquidating Plan for Universal Health.  All conditions to the
Effective Date have been satisfied or waived.  The Effective Date
of the Plan is Sept. 1, 2015.

By order dated May 4, 2015, the Universal Amended Plan was
conditionally confirmed in all respects, subject only to separate
approvals of the WARN Act Settlement incorporated into the
Universal Amended Plan.

On May 4, 2015, the Court entered its Order Granting Chapter 11
Trustee's Motion to Approve Compromise of Controversy of WARN Act
Litigation.

On May 28, 2015, the Court conducted a fairness hearing in De La
Concha, et al. v. American Managed Care, LLC, et al., Adv. No.
8:13-ap-00273-KRM.  At the conclusion of the fairness hearing, the
Court approved the WARN Act Settlement as fair and equitable, and
consistent with the WARN Act Settlement: (a) certified the class of
former employees as provided in the WARN Act Settlement; (b)
approved proposed Class Counsel; and (c) approved the Class
Representatives and their Incentive Awards.  The Order Approving
Class Representatives, Class Counsel, Class Certification and
Related Relief was entered on June 15, 2015.

All of the required WARN Act Settlement Approvals have been
obtained and there are no further conditions or contingencies to
final confirmation of the Universal Amended Plan.

Accordingly, on Aug. 18, 2015, Judge K. Rodney May entered an order
providing that:

  -- The Universal Amended Plan is CONFIRMED, in all respects, in
accordance with 11 U.S.C. Sec. 1129.

  -- Pursuant to the Universal Amended Plan, the WARN Act Class
will have the following Allowed Claims, which are limited and more
particularly described in the WARN Act Settlement and the Universal
Amended Plan:

   1. An Allowed Class Administrative Claim in the total amount of
a single recovery of $200,000.

   2. An Allowed Class Priority Claim in the amount of a maximum
single priority recovery of $7.0 million to be funded exclusively
from payments received from (a) the Contingent WARN Act Claims of
Universal and American Managed Care, LLC ("AMC") filed in the
receivership proceedings for Universal Health Care, Inc. and
Universal Health Care Insurance Company, Inc. and (b) the WARN Act
claims filed by Universal and AMC in the receivership proceedings
for Universal HMO of Texas, Inc. and Universal Health Care of
Nevada, Inc. (the "WARN Act Recoveries").

   3. An Allowed Class Unsecured Claim in the amount of a single
maximum recovery of $1.5 million, subject to being increased by
the
difference between $6.0 million and the actual gross WARN Act
Recoveries.

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

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

Pursuant to the Plan, the Chapter 11 Trustee will serve as
liquidating agent who will be responsible for overseeing the
liquidating estate, which will be funded with all of the Debtor's
assets as of the Confirmation Date.  Upon Confirmation, the
Trustee, as Liquidating Agent, will act to liquidate the remainder
of the Debtor's Assets, resolve all remaining litigation,
determine
the amount of Claims that will be allowed, and make distributions
under the Waterfall Schedule set forth in the Amended Plan.  

The Amended Plan leaves equity interests of non-subordinated
shareholders unimpaired and subordinates the equity interests of
certain shareholders, including Deepak Desai, Jeff Lundy and
Sandip
Patel, who have agreed to the subordination.  The Amended Plan
incorporates a settlement between the Trustee, BankUnited and
Citrus.

                 About Universal Health Care Group

Universal Health Care Group, Inc., owns an insurance company and
three health-maintenance organizations that provide managed care
services for government sponsored health care programs, focusing
on Medicare and Medicaid.

Universal Health was founded in 2002 by Dr. A.K. Desai and grew
its operations of offering Medicare plans to more than 37,000
members to over 20 states.

Universal Health filed a Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 13-01520) on Feb. 6, 2013, after Florida
regulators moved to put two of the company's subsidiaries in a
receivership. Universal Health Care estimated assets of up to$100
million and debt of less than $50 million in court filings in a
Tampa, Florida.  Harley E. Riedel, Esq., at Stichter Riedel Blain
& Prosser serves as counsel to the Debtor

Soneet R. Kapila has been appointed the Chapter 11 Trustee in the
Debtor's case.  He is represented by Roberta A. Colton, Esq., at
Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, PA.
Dennis S. Jennis, Esq., and Jennis & Bowen, P.L., serve as special
conflicts counsel and E-Hounds, Inc., serves as a forensic imaging
consultant to the Chapter 11 trustee.

An affiliate, American Managed Care, LLC, sought Chapter 11
protection (Bankr. M.D. Fla. Case No. 13-05952) on May 3, 2015.
See http://bankrupt.com/misc/flmb13-5952.pdf



UNIVERSAL HEALTH: Settlement with BankUnited Approved
-----------------------------------------------------
Soneet R. Kapila, the Chapter 11 trustee for Universal Health Care
Group, Inc. and American Managed Care, LLC, in October won approval
of a settlement with BankUnited, N.A., as Administrative Agent, on
BankUnited's claim for substantial contribution.

As agreed by the parties, BankUnited will have an additional
allowed subordinated administrative claim in the amount of $125,000
for substantial contribution, so that the total allowed
subordinated administrative claim for BankUnited is $800,000.  This
claim is to be paid as provided in the confirmed Chapter 11 plan
for Universal Health Care Group, Inc.  Each party will bear its own
costs with respect to the settlement.

                 About Universal Health Care Group

Universal Health Care Group, Inc., owns an insurance company and
three health-maintenance organizations that provide managed care
services for government sponsored health care programs, focusing
on Medicare and Medicaid.

Universal Health was founded in 2002 by Dr. A.K. Desai and grew
its operations of offering Medicare plans to more than 37,000
members to over 20 states.

Universal Health filed a Chapter 11 bankruptcy protection (Bankr.
M.D. Fla. Case No. 13-01520) on Feb. 6, 2013, after Florida
regulators moved to put two of the company's subsidiaries in a
receivership. Universal Health Care estimated assets of up to$100
million and debt of less than $50 million in court filings in a
Tampa, Florida.  Harley E. Riedel, Esq., at Stichter Riedel Blain
& Prosser serves as counsel to the Debtor

Soneet R. Kapila has been appointed the Chapter 11 Trustee in the
Debtor's case.  He is represented by Roberta A. Colton, Esq., at
Trenam, Kemker, Scharf, Barkin, Frye, O'Neill & Mullis, PA.
Dennis S. Jennis, Esq., and Jennis & Bowen, P.L., serve as special
conflicts counsel and E-Hounds, Inc., serves as a forensic imaging
consultant to the Chapter 11 trustee.

An affiliate, American Managed Care, LLC, sought Chapter 11
protection (Bankr. M.D. Fla. Case No. 13-05952) on May 3, 2015.
See http://bankrupt.com/misc/flmb13-5952.pdf



VANGUARD NATURAL: S&P Affirms 'B+' CCR & Removes from Watch Pos.
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' corporate
credit rating on Vanguard Natural Resources LLC.  At the same time,
S&P affirmed its 'B' issue-level rating on the company's unsecured
debt.  The recovery rating on this debt remains '5', indicating
S&P's expectation for modest (10% to 30%, higher half of the range)
recovery in the event of a default payment.  S&P removed all
ratings from CreditWatch, where it placed them with positive
implications on May 22, 2015, following the announcement of the
proposed acquisitions.

"The ratings affirmation reflects the company's improved business
risk profile as a result of its larger pro forma proved reserve
base, increased production levels and greater geographic diversity,
offset by weaker credit measures due to our lower commodity price
deck assumptions," said Standard & Poor's credit analyst David
Lagasse.  "We now expect Vanguard's FFO to debt to be slightly
above 12% over the next two years, compared with our prior
estimates of near 20%," he added.

S&P's ratings on Vanguard reflect S&P's assessment of the company's
"fair" business risk profile, "aggressive" financial risk profile,
and "adequate" liquidity, as defined in S&P's criteria.

The stable rating outlook on Vanguard Natural Resources reflects
S&P's expectation that it will maintain FFO to debt above 12% over
the next 12 months.  Additionally, S&P expects stable profit
margins in 2016 buoyed by strong hedges.

S&P could lower the rating if it expects FFO to debt to fall below
12% for a sustained period.  This could occur if Vanguard funds
additional acquisitions with more than 50% debt.

S&P could consider an upgrade if it believed financial measures
would improve more in-line with 'BB-' peers, including FFO to debt
in the 15% to 20% range.



VANTAGE DRILLING: S&P Slashes CCR to 'D' on Missed Payment
----------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston, Texas-based offshore drilling company Vantage
Drilling Co. to 'D' from 'CCC' and the issue-level ratings on the
company's senior secured term loan and secured notes to 'D' from
'CCC'.  The recovery rating on the company's secured debt remains
'3', indicating S&P's estimate of meaningful (50% to 70%, higher
end of the range) recovery in the event of a payment default.

The 'D' ratings reflect Vantage Drilling Co.'s announcement that it
has missed a $40.8 million interest payment on its 7.5% secured
notes due 2019, and S&P's belief that the company will not make
this payment before the grace period ends on Dec 2, 2015.

S&P believes that the default will be a general default and the
company will fail to pay all or substantially all of its
obligations as they come due.

The company also disclosed that it is in discussions with a group
of senior secured term loan lenders and secured noteholders,
representing more than $1.5 billion of the company's secured debt
(about 60% of the company's total debt), regarding a potential
restructuring transaction.  Vantage has also indicated that it has
over $200 million of cash on hand.



VERITAS BERMUDA: S&P Assigns Prelim. 'B' CCR; Outlook Stable
------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned a preliminary
'B' corporate credit rating to Mountain View, Calif.-based Veritas
Bermuda Ltd.  The outlook is stable.

"We assigned our preliminary 'B+' issue-level rating and
preliminary '2' recovery rating to the company's proposed $3.6
billion first-lien credit facility, consisting of a $300 million
five-year revolving credit facility, a $2.45 billion seven-year
term loan B, and EUR760 million seven-year term loan B.  We also
assigned our preliminary 'B+' issue-level rating and '2' recovery
rating to the company's proposed $500 million senior secured notes.
The '2' recovery rating indicates our expectations for substantial
(70%-90%; lower half of the range) recovery in the event of payment
default.  We also assigned our preliminary 'CCC+' issue-level
rating and preliminary '6' recovery rating to the proposed $1.775
billion eight-year unsecured notes.  The '6' recovery rating
indicates our expectations for negligible (0%-10%) recovery in the
event of payment default," S&P said.

The preliminary issue ratings and expected 'B' corporate credit
rating are subject to S&P's review of final documentation.

"The preliminary rating on Veritas is based on a 'fair' business
risk profile and 'highly leveraged' financial risk profile,
reflecting the firm's high leverage, the potential for sales
disruption as the firm seeks to transition to a direct rather than
channel-based sales strategy, and limited product diversity," said
Standard & Poor's credit analyst James Thomas.

S&P views a significant recurring maintenance revenue base and
leading market share in several key product categories as key
strengths for the credit.

The stable outlook reflects S&P's expectation that a significant
recurring maintenance revenue base and more efficient cost
structure after its separation from Symantec will enable the firm
to generate consistent free cash flow and lower leverage to the
low-7x area by the end of fiscal 2017.

S&P could lower the rating on Veritas if accelerating revenue
declines, sales force disruption, failure to improve margins, or
additional debt issuance lead to leverage sustained above 8x.

Ratings upside is limited over the next 12 months due to the firm's
limited track record operating as a stand-alone entity and
substantial debt burden.



WARREN RESOURCES: Debt Swap Prompts Moody's to Cut CFR to 'Ca'
--------------------------------------------------------------
Moody's Investors Service downgraded Warren Resources Inc.'s
Corporate Family Rating to Ca from Caa2 and Probability of Default
Rating (PDR) to Ca-PD/LD from Caa2-PD.  Moody's also downgraded the
unsecured notes to C from Caa3.  The Speculative Grade Liquidity
(SGL) Rating was affirmed at SGL-4 and the rating outlook remains
negative.

On Oct. 22, 2015, Warren announced the closing of a privately
negotiated second lien loan transaction that provides Warren with
$11.0 million of new money and $40.1 million of second lien term
loans through the exchange of $63.1 million of unsecured notes
(plus accrued interest).  In connection with this exchange, Warren
also issued 4,000,000 shares of its common stock to the exchanging
noteholders.  Following this transaction and the previously
announced first lien transaction in May 2015, a total of $167.0
million in unsecured high yield notes will remain outstanding.

Moody's considers Warren's exchange of second lien term loans for
unsecured notes as a distressed exchange, which is an event of
default under Moody's definition of default.  As noted above,
Moody's appended the Ca-PD PDR with a "/LD" designation indicating
limited default.  The "/LD" designation will be removed three
business days hereafter.

"The downgrade reflects our view that although the second lien
transaction and the distressed exchange marginally improve the
balance sheet, sustained weakness in commodity prices make Warren's
capital structure untenable," said Sreedhar Kona, Moody's Senior
Analyst.  "Absent a sustained commodity price recovery, Warren's
liquidity will remain stressed and will result in further erosion
of the asset value due to Warren's inability to invest in growth."

A complete list of rating actions is:

Downgrades:

Issuer: Warren Resources, Inc.

  Corporate Family Rating, Downgraded to Ca from Caa2
  Senior Unsecured Notes, Downgraded to C (LGD5) from Caa3 (LGD5)
  Probability of Default Rating, Downgraded to Ca-PD/LD from Caa2-
   PD

Affirmations:

  Speculative Grade Liquidity Rating, Affirmed at SGL-4

Outlook Actions:

Issuer: Warren Resources, Inc.

  Outlook remains negative

RATINGS RATIONALE

Warren's Ca CFR reflects its unsustainable capital structure and
extremely poor expected recovery relative to its asset value given
the commodity price environment and Moody's industry outlook.  The
company's weak liquidity, elevated leverage metrics, small scale
and limited prospects for reserves and production growth leave
little room for improvement in asset value.  Moody's expects
Warren's EBITDA to interest coverage to fall toward 1x and retained
cash flow to debt to drop below 3% through 2016. Furthermore,
Warren's debt-to-average daily production should range between
$28,000 and $30,000 per barrel of oil equivalent (boe) per day, and
debt-to-proved developed (PD) reserves to exceed $12 per boe over
the next 12 months.  Warren's rating is also impacted by its highly
stressed liquidity situation that will require further capital
infusions in addition to operational cost savings and proceeds from
asset sales; however, there are potentially few meaningful options
to shore up its liquidity.

Warren's SGL-4 liquidity rating indicates weak liquidity through
2016.  At June 30, Warren had approximately $15 million of cash on
the balance sheet and $30 million available in the form of delayed
draw term loan.  Moody's expects Warren has utilized some of this
liquidity through third quarter 2015 to meet its liquidity needs.
Proforma for the second lien term loan transaction, Warren received
$11 million of new money to add to the existing liquidity.  In the
current weak commodity price environment, without significant
operational expense reductions or asset sale proceeds, we do not
expect Warren to generate sufficient cash flow from operations to
cover the debt service and maintenance capital expenditures.

The terms of the second lien term loan allow Warren to defer up to
half of the second lien interest burden by capitalizing accrued and
unpaid second lien interest.  However, Warren's on-going liquidity
needs through 2016 create a high likelihood of Warren exhausting
its available liquidity in 2016, hence requiring a liquidity
infusion either in the form of additional debt or equity.  The
first lien term loan requires Warren to comply with the leverage
covenant ratio of not greater than 5.5x at the end of 18th month
(approximately year end 2016) from the closing of the first lien
term loan facility.  Warren is likely to breach this covenant.

Warren's senior unsecured notes are rated C, which is one notch
below the company's Ca CFR.  This notching reflects the priority
claim given to the first lien and the second lien term loan
facilities.

The negative outlook reflects Moody's assumption that Warren's
leverage will remain at unsustainably high levels and further
distressed debt exchanges or a restructuring are likely to happen.
The rating could be downgraded if asset value erodes further.  For
consideration of an upgrade, Warren will need to substantially
reduce financial leverage, and improve operating performance and
liquidity.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

Warren Resources, Inc., headquartered in New York, NY, is an
independent exploration and production company with operations
primarily focused on oil production in California and natural gas
production in Pennsylvania and Wyoming.



WEATHERFORD INTERNATIONAL: S&P Lowers CCR to 'BB+'; Outlook Stable
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term corporate
credit and unsecured debt ratings on diversified oilfield services
company Weatherford International Ltd. to 'BB+' from 'BBB-'.  The
rating outlook is stable.  At the same time, S&P lowered the
short-term corporate credit and commercial paper ratings on the
company to 'B' from 'A-3'.  S&P also assigned a '3' recovering
rating to the company's unsecured debt, indicating its expectation
for meaningful (50% to 70%) recovery to creditors in the event of a
payment default.

"Given our expectations for a more prolonged oil price recovery and
our assumption of double-digit drop in oil and gas exploration and
production spending next year, we lowered our revenue and EBITDA
estimates for diversified oilfield services provider Weatherford
International Ltd.," said Standard & Poor's credit analyst Carin
Dehne-Kiley.

As a result, S&P no longer expects funds from operations (FFO) to
debt to return to above 20% until after 2017.  Although the company
has taken significant steps to cut costs, including a planned
14,000 headcount reduction by year-end and a meaningful drop in
capital spending, S&P do not believe these measures will be
sufficient to bring leverage back to levels S&P views as
appropriate for an investment-grade rating.  

The ratings on Weatherford reflect S&P's assessment of the
company's "satisfactory" business risk, "aggressive" financial
risk, and "adequate" liquidity, as defined in S&P's criteria.

The stable outlook reflects S&P's view that Weatherford's FFO to
debt will stabilize above 12% starting in 2016, as the company's
cost cutting efforts and positive cash flow from legacy contracts
improve operating margins next year.

S&P could lower the rating if it expected Weatherford's FFO/debt to
remain below 12% for a sustained period.  This would most likely
occur if revenues declined by more than S&P currently anticipates
and the company's margins did not improve.

S&P could raise the rating if it expected Weatherford to bring and
maintain FFO/debt above 20% for a sustained period, which would
most likely occur if the company were able to improve operating
margins in conjunction with an industry recovery.



ZUCKER GOLDBERG: McCarter & English Approved as Panel's Counsel
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Jersey authorized
the Official Committee of Unsecured Creditors in the Chapter 11
case of Zucker, Goldberg & Ackerman, LLC, to retain McCarter &
English, LLP, as its counsel nunc pro tunc to Aug. 14, 2015.

As reported by the Troubled Company Reporter on Oct. 23, 2015,
McCarter will, among other things:

   a. provide legal advice as necessary with respect to the
Committee's powers and duties;

   b. assist the Committee in investigating the acts, conduct,
assets, liabilities, and financial condition of Zucker, Goldberg &
Ackerman, LLC, the operation of the Debtor's business, potential
claims, and all other matters relevant to the Debtor's bankruptcy
case; and

   c. participate in the sale of assets or the formulation of a
plan of reorganization or liquidation.

McCarter's hourly rates are:

         Partners                       $410 - $550 (reduced rate)
         Associates                     $350 - $405
         Paralegals/Legal Assistants    $205 - $250

To the best of the Committee's knowledge, McCarter is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code.

                    About Zucker Goldberg

Formed in 1923 as Zucker & Goldberg, law firm Zucker, Goldberg &
Ackerman, LLC, is primarily engaged in the representation of
lenders and secured parties in foreclosure matters, insolvency
proceedings and related matters.  The sole members of ZGA are
Michael S. Ackerman, Esq. and Joel Ackerman, Esq. Michael S.
Ackerman is the managing member of the firm.  ZGA's primary
offices are in Mountainside, New Jersey.

Zucker, Goldberg & Ackerman, LLC, sought Chapter 11 protection
(Bankr. D.N.J. Case No. 15-24585) in Newark, New Jersey, on
Aug. 3, 2015, to complete the orderly liquidation of the business.

The case is assigned to Judge Christine M. Gravelle.

The Debtor disclosed total assets of $11.5 million and total
liabilities of $53.3 million as of June 30, 2015.

ZGA tapped Wasserman, Jurista & Stolz, P.C. as bankruptcy counsel;
Brown, Moskowitz & Kallen, P.C., as special litigation counsel;
Genova Burns as labor counsel; and BMC Group, Inc., as noticing
and
balloting agent.

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


[*] Cohen & Grigsby Bankruptcy Practice Gets Best Law Firms Ranking
-------------------------------------------------------------------
Business law firm Cohen & Grigsby on Nov. 2 announced its 2016 U.S.
News – Best Lawyers(R) "Best Law Firms" rankings.  Several
practice areas have been recognized in both the metro and national
designations.  Law firms that are included in the rankings are
based on rigorous evaluation process, including client and peer
reviews.

The national first tier rankings will be published this month in a
special Legal issue released by U.S. News & World Report.  The
national and metropolitan first tier rankings will be featured in
the 2016 "Best Law Firms" General Counsel Publication.  The
rankings will also be published online
http://bestlawfirms.usnews.com

The following practice areas received Pittsburgh metropolitan tier
1, 2 and 3 rankings:

Banking and Finance Law
Bankruptcy and Creditor Debtor Rights / Insolvency and
Reorganization Law
Commercial Litigation
Corporate Compliance Law
Corporate Law
Employment Law - Management
Immigration Law
International Trade and Finance Law
Labor Law - Management
Litigation - Bankruptcy
Litigation - Intellectual Property
Litigation - Labor & Employment
Litigation - Land Use & Zoning
Litigation - Securities
Litigation - Trusts & Estates
Mediation
Mergers & Acquisitions Law
Non-Profit/Charities Law
Public Finance Law
Real Estate Law
Tax Law
Technology Law
Trusts & Estates Law
Venture Capital Law
These practice areas also received national tier 2 and 3 rankings:

Corporate Law
Litigation - Labor & Employment
Litigation - Securities
Public Finance Law
Tax Law

The U.S. News – Best Lawyers "Best Law Firms" rankings are based
on an evaluation process that includes the collection of client and
lawyer evaluations, peer review from leading attorneys in their
field, and review of additional information provided by law firms
as part of the formal submission process.  To be eligible for a
ranking in a particular practice area and metro region, a law firm
must have at least one lawyer who is included in Best Lawyers in
that practice area and metro.

The mission of "Best Law Firms" is to help guide referring lawyers
and clients, including companies requiring legal advice and
individuals seeking counsel on personal legal matters.

For more information about the rankings, visit
http://bestlawfirms.usnews.com/

For more information about Cohen & Grigsby, please visit
www.cohenlaw.com

                     About Cohen & Grigsby

Since 1981, Cohen & Grigsby, P.C. -- http://www.cohenlaw.com-- and
its attorneys have provided sound legal advice and solutions to
clients that seek to maximize their potential in a constantly
changing global marketplace. Comprised of more than 130 lawyers,
Cohen & Grigsby maintains offices in Pittsburgh, PA and Naples, FL.
The firm's practice areas include Business Services, Labor &
Employment, Immigration/International Business, Intellectual
Property, Real Estate & Public Finance, Litigation, Employee
Benefits and ERISA, Estates & Trusts, Bankruptcy & Creditors
Rights, and Public Affairs.  Cohen & Grigsby represents private and
publicly held businesses, nonprofits, multinational corporations,
individuals and emerging businesses across a full spectrum of
industries.



[*] Liquidity Stress Index Moves Higher, Moody's Says
-----------------------------------------------------
Moody's Liquidity Stress Index (LSI) jumped to 6.1% in October from
5.8% in September, the index's highest level since March 2010, as
commodity prices remained under pressure in the energy sector, the
rating agency says in its most recent edition of SGL Monitor
Flash.

Furthermore, the oil and gas LSI rose to 19.2% in October from
16.9% in September as the liquidity ratings of four energy
companies were downgraded to SGL-4, Moody's lowest liquidity rating
on its scale of 1 to 4.

The energy sector saw the most SGL downgrades in October,
accounting for four of eight downgrades.  Outside of energy,
downgrades included one-notch moves for Clearwater Seafoods Limited
Partnership (B2 stable) and Vince, LLC (B2 negative), and a
two-notch reduction to SGL-4 for Dex Media, Inc. (Caa3 negative).

"While our key liquidity indices suggest that risks are rising and
the default rate should increase over the next year, they remain
below crisis levels," said John Puchalla, a Moody's Senior Vice
President.  Excluding energy, the LSI edged lower to 2.7% from 2.8%
in October and is just above the 2.6% record low.

In October, high-yield loan issuance fell sharply, while high-yield
bond issuance was half that of September.  However, a softer but
still accessible new issuance market and a growing US economy that
is supporting corporate cash flows do not point to an above-average
default rate in 2016.  High-yield spreads have also eased back
after widening 70-80 basis points in October.

Liquidity and credit rating trends suggest a rising but contained
default rate.  Moody's forecasts a default rate of 3.8% a year from
now, compared with 2.5% but still well below the 4.8% average since
1990.



[*] Suzanne Koenig Joins Summit Healthcare's Board of Directors
---------------------------------------------------------------
Summit Healthcare REIT, Inc. on Nov. 2 disclosed that Suzanne
Koenig has joined the Summit Board of Directors effective October
28, 2015, pursuant to an election held at the annual meeting of
stockholders.

Ms. Koenig is president and founder of SAK Management Services LLC,
a nationally recognized long-term care management and healthcare
consulting services company.  With over 20 years of extensive
experience as an owner and operator, Ms. Koenig offers specialized
skills in operations improvement, staff development and quality
assurance, with particular expertise in marketing, census
development and operations enhancement for the whole spectrum of
senior housing, long-term care and other healthcare entities
requiring turnaround services.

Ms. Koenig brings to the Board approximately 30 years of experience
in operating long-term care facilities.  She offers the practical
perspective of the challenges and opportunities confronting
healthcare providers in managing the changing dynamics of this
industry.  Ms. Koenig is a Licensed Nursing Home Administrator and
a Licensed Social Worker in multiple states where she has worked.

Ms. Koenig's professional experience has included executive
positions in marketing, development and operations management for
both regional and national healthcare providers representing
property portfolios throughout the United States.  Recently Ms.
Koenig has been appointed as the Patient Care Ombudsman, Receiver
and Chapter 11 Trustee in several of the new healthcare bankruptcy
filings (Chapter 11 and Chapter 7) with the advent of the
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
(BAPCPA), including healthcare entities such as physician practices
and hospitals.

In addition, Ms. Koenig has served in an advisory and consulting
capacity for numerous client engagements involving bankruptcy
proceedings as well as in turnaround management situations.  She
offers proven proficiency in maximizing financial return and cash
flow, while maintaining the highest standards of quality care.

Ms. Koenig also serves as an officer and director for several of
the states' long term care provider associations.  She is the
former Co-Chair of the American Bankruptcy Institute's (ABI) Health
Care Committee, a Co-Chair for the Steering Committee of the
Midwest Turnaround Management Association (TMA) Chapter, and was
recently elected to the Global Turnaround Management Association
Board of Trustees.  In addition, she is on the board of directors
for the School of Social Work at the University of Illinois,
Champaign-Urbana.

Ms. Koenig is a frequent speaker for various healthcare industry
associations and business affiliates where she conducts continuing
education and training programs.  She holds a Master of Science
Degree from Spertus College, Illinois, and a Bachelor of Social
Work Degree from the University of Illinois, Champaign-Urbana,
Illinois.

"I am thrilled to serve on the Board of Directors for Summit
Healthcare REIT with such a talented, bright and motivated group of
individuals who waste no time in creative solutions to advance
their shareholders' value," said Ms. Koenig.  "The REIT is in an
excellent position to grow, and I look forward to adding my
expertise from the industry to help shape the path to success."

"With her vast experience in all aspects of ownership and
management of long-term healthcare facilities, we are fortunate to
have Suzanne join our Board as we continue to grow Summit's
portfolio," said Kent Eikanas, President and Chief Operating
Officer.

              About Summit Healthcare REIT, Inc.

Summit -- http://www.summithealthcarereit.com-- is a publicly
registered non-traded REIT that is currently focused on investing
in senior housing real estate located throughout the United States.
The current portfolio includes interests in 17 long-term
triple-net leased healthcare facilities.



[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Carousel of Languages LLC
   Bankr. S.D.N.Y. Case No. 15-12851
      Chapter 11 Petition filed October 22, 2015
         See http://bankrupt.com/misc/nysb15-12851.pdf
         filed Pro Se

In re John D. Jones
   Bankr. W.D. La. Case No. 15-11982
      Chapter 11 Petition filed October 23, 2015

In re James J Chladek
   Bankr. S.D.N.Y. Case No. 15-12857
      Chapter 11 Petition filed October 23, 2015

In re Simon Mark Posen
   Bankr. S.D.N.Y. Case No. 15-12859
      Chapter 11 Petition filed October 23, 2015

In re Crohel, LLC
   Bankr. E.D. Penn. Case No. 15-17613
      Chapter 11 Petition filed October 23, 2015
         See http://bankrupt.com/misc/paeb15-17613.pdf
         represented by: Matthew Croslis, Esq.
                         CROSLIS LAW OFFICES, LLC
                         E-mail: mcroslis@croslislaw.com

In re Sophisticated Style, Inc.
   Bankr. N.D. Tex. Case No. 15-44258
      Chapter 11 Petition filed October 23, 2015
         See http://bankrupt.com/misc/txnb15-44258.pdf
         represented by: Howard Marc Spector, Esq.
                         SPECTOR & JOHNSON, PLLC
                         E-mail: hspector@spectorjohnson.com

In re TAS Outreach LLC
   Bankr. W.D. Wash. Case No. 15-16284
      Chapter 11 Petition filed October 23, 2015
         See http://bankrupt.com/misc/wawb15-16284.pdf
         filed Pro Se

In re Angela Marie Dimpflmaier
   Bankr. D. Nev. Case No. 15-16057
      Chapter 11 Petition filed October 24, 2015

In re JM Doucette LLC
   Bankr. W.D.N.Y. Case No. 15-12304
      Chapter 11 Petition filed October 24, 2015
         See http://bankrupt.com/misc/nywb15-12304.pdf
         represented by: Matthew Allen Lazroe, Esq.
                         LAW OFFICE OF MATTHEW ALLEN LAZROE
                         E-mail: lazroebankruptcy@gmail.com

In re Singh Real Estate LLC
   Bankr. E.D. Wis. Case No. 15-31815
      Chapter 11 Petition filed October 24, 2015
         See http://bankrupt.com/misc/wieb15-31815.pdf
         represented by: Jonathan V. Goodman, Esq.
                         LAW OFFICES OF JONATHAN V. GOODMAN
                         E-mail: jgoodman@ameritech.net

In re Akop Terpogosyan and Lilit Chaghayan
   Bankr. C.D. Cal. Case No. 15-13561
      Chapter 11 Petition filed October 26, 2015

In re Felipe Antonio Anguiano, Jr
   Bankr. C.D. Cal. Case No. 15-26363
      Chapter 11 Petition filed October 26, 2015

In re Burnt Rice Korean Restaurant, Inc.
   Bankr. N.D. Cal. Case No. 15-53371
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/canb15-53371.pdf
         represented by: Lars T. Fuller, Esq.
                         THE FULLER LAW FIRM
                         E-mail: Fullerlawfirmecf@aol.com

In re Three Josephs, LLC
   Bankr. M.D. Fla. Case No. 15-04687
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/flmb15-04687.pdf
         represented by: Brett A Mearkle, Esq.
                         MEARKLE TRUEBLOOD ADAM, PL
                         E-mail: bmearkle@mtalawyers.com

In re Marvin Lee McKenzie
   Bankr. N.D. Fla. Case No. 15-40546
      Chapter 11 Petition filed October 26, 2015

In re Rufino Galarza and Maria N. Galarza
   Bankr. N.D. Fla. Case No. 15-50362
      Chapter 11 Petition filed October 26, 2015

In re Garrett Bisogno and Kimberly Bisogno
   Bankr. S.D. Fla. Case No. 15-28907
      Chapter 11 Petition filed October 26, 2015

In re Alexander Torres
   Bankr. S.D. Fla. Case No. 15-28924
      Chapter 11 Petition filed October 26, 2015

In re Manoj H Desai
   Bankr. S.D. Ill. Case No. 15-41022
      Chapter 11 Petition filed October 26, 2015

In re Downtown Parking Services, Inc.
   Bankr. E.D. La. Case No. 15-12783
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/laeb15-12783.pdf
         represented by: Peter D. Coleman, Esq.
                         COLEMAN, JOHNSON, ARTIGUES & JURISCH

In re Joly Jacob DMD PC
   Bankr. D.N.J. Case No. 15-30046
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/njb15-30046.pdf
         represented by: E. Richard Dressel, Esq.
                         FLASTER GREENBERG
                         E-mail: rick.dressel@flastergreenberg.com

In re Hayes Land Holdings, LLC
   Bankr. N.D.N.Y. Case No. 15-12153
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/nynb15-12153.pdf
         filed Pro Se

In re 961-969 Westchester Avenue Corp.
   Bankr. S.D.N.Y. Case No. 15-12869
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/nysb15-12869.pdf
         filed Pro Se

In re 1253 Broadway, LP
   Bankr. W.D.N.Y. Case No. 15-12323
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/nywb15-12323.pdf
         represented by: Robert B. Gleichenhaus, Esq.
                         GLEICHENHAUS, MARCHESE & WEISHAAR, P.C.
                         E-mail: RBG_GMF@hotmail.com

In re Meshi Corp
   Bankr. W.D.N.Y. Case No. 15-12331
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/nywb15-12331.pdf
         represented by: Robert B. Gleichenhaus, Esq.
                         GLEICHENHAUS, MARCHESE & WEISHAAR, P.C.
                         E-mail: RBG_GMF@hotmail.com

In re Odessa's Foster Care Homes, Incorporated
   Bankr. W.D. Tenn. Case No. 15-30212
      Chapter 11 Petition filed October 26, 2015
         See http://bankrupt.com/misc/tnwb15-30212.pdf
         represented by: Russell W. Savory, Esq.
                         BEARD & SAVORY, PLLC
                         E-mail: russ@bsavory.com

In re Leon Oscar Ramirez, Jr.
   Bankr. S.D. Tex. Case No. 15-50164
      Chapter 11 Petition filed October 26, 2015

In re Dana Nirschl
   Bankr. W.D. Wash. Case No. 15-16327
      Chapter 11 Petition filed October 26, 2015

In re Mickens Investment 2, Inc.
   Bankr. M.D. Fla. Case No. 15-04708
      Chapter 11 Petition filed October 27, 2015
         See http://bankrupt.com/misc/flmb15-04708.pdf
         filed Pro Se

In re Allen Gregory Glover
   Bankr. M.D. Ala. Case No. 15-81502
      Chapter 11 Petition filed October 28, 2015

In re Luis A. Segura and Yolanda Segura
   Bankr. N.D. Cal. Case No. 15-31330
      Chapter 11 Petition filed October 28, 2015

In re Gidalya Holdings, LLC
   Bankr. D. Md.  Case No. 15-24974
      Chapter 11 Petition filed October 28, 2015
         See http://bankrupt.com/misc/mdb15-24974.pdf
         represented by: Jeffrey M. Sirody, Esq.
                         JEFFREY M. SIRODY AND ASSOCIATES, P.A.
                         E-mail: smeyers5@hotmail.com

In re Michael A. Ault, Jr.
   Bankr. D. Nev. Case No. 15-16098
      Chapter 11 Petition filed October 28, 2015

In re Igor Goldenberg
   Bankr. D.N.J. Case No. 15-30244
      Chapter 11 Petition filed October 28, 2015

In re 277-283 W Delevan LLC
   Bankr. E.D.N.Y. Case No. 15-44835
      Chapter 11 Petition filed October 28, 2015
         See http://bankrupt.com/misc/nyeb15-44835.pdf
         filed Pro Se

In re Nan Shoo, Inc.
   Bankr. S.D.N.Y. Case No. 15-12887
      Chapter 11 Petition filed October 28, 2015
         See http://bankrupt.com/misc/nysb15-12887.pdf
         represented by: Shirley J. Spira, Esq.
                         LAW OFFICES OF SHIRLEY J. SPIRA, P.C.

In re J & V Gaudio Corp.
   Bankr. S.D.N.Y. Case No. 15-23564
      Chapter 11 Petition filed October 28, 2015
         See http://bankrupt.com/misc/nysb15-23564.pdf
         represented by: Anne J. Penachio, Esq.
                         PENACHIO MALARA LLP
                         E-mail: apenachio@pmlawllp.com

In re Donald J. Zurenda
   Bankr. M.D. Penn. Case No. 15-04632
      Chapter 11 Petition filed October 28, 2015

In re 243 S Main Street LLC
   Bankr. M.D. Penn. Case No. 15-04648
      Chapter 11 Petition filed October 28, 2015
         See http://bankrupt.com/misc/pamb15-04648.pdf
         filed Pro Se

In re Cleft of the Rock Ministries, Inc.
   Bankr. W.D. Penn. Case No. 15-23937
      Chapter 11 Petition filed October 28, 2015
         See http://bankrupt.com/misc/pawb15-23937.pdf
         represented by: Rodney D. Shepherd, Esq.
                         RIVER PARK COMMONS
                         E-mail: rodsheph@cs.com

In re Rondo, Inc.
   Bankr. D.P.R. Case No. 15-08407
      Chapter 11 Petition filed October 28, 2015
         See http://bankrupt.com/misc/prb15-08407.pdf
         represented by: Luis D Flores Gonzalez, Esq.
                         LUIS D FLORES GONZALEZ LAW OFFICE
                         Email: ldfglaw@coqui.net

In re Dallas Foam, Inc.
   Bankr. N.D. Tex. Case No. 15-44281
      Chapter 11 Petition filed October 28, 2015
         See http://bankrupt.com/misc/txnb15-44281.pdf
         represented by: Eric A. Liepins, Esq.
                         ERIC A. LIEPINS, P.C.
                         E-mail: eric@ealpc.com

In re John T. Bianco
   Bankr. E.D. Va. Case No. 15-73678
      Chapter 11 Petition filed October 28, 2015

In re Stanley Joseph Crowgey
   Bankr. W.D. Va. Case No. 15-62043
      Chapter 11 Petition filed October 28, 2015



                            *********

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.

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