TCR_Public/151221.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, December 21, 2015, Vol. 19, No. 355

                            Headlines

22ND CENTURY: Files Form 8-K With Letter to Shareholders
7 BAY CORP: Voluntary Chapter 11 Case Summary
AEMETIS INC: Board OKs Grants of 110,000 Warrants to D&Os
AEOLUS PHARMACEUTICALS: Closes $6.7M Private Placement Financing
AEOLUS PHARMACEUTICALS: Has $6.75M Private Placement Financing

AEOLUS PHARMACEUTICALS: Incurs $2.62 Million Net Loss in 2015
AMERICAN POWER: Extends Maturity of Trident Note to Dec. 31
ANDERSON NEWS: Tells 2nd Circuit to Revive $371M Antitrust Suit
ANK LLC: Case Summary & 4 Largest Unsecured Creditors
APPLIED MINERALS: Stockholders Elect 7 Directors

ATLANTIC & PACIFIC: Court Extends Stay to 'Non-Debtor Parties'
BLACK ELK: Seeks Until March 31 to File Ch. 11 Plan
BMC SOFTWARE: S&P Revises Outlook to Negative & Affirms 'B' CCR
BOOMERANG SYSTEMS: Liberty Grande Seeks Return of Payments
BOOMERANG SYSTEMS: Needs Until April 14 to File Plan

CANNERY CASINO: S&P Affirms 'B-' CCR, Off CreditWatch Negative
CARA PEYTON: Case Summary & Largest Unsecured Creditor
CENTRAL ENERGY: Suspending Filing of Reports with SEC
CHESAPEAKE ENERGY: Fitch Lowers IDR to 'B', Outlook Negative
COMMUNICATION INTELLIGENCE: Changes Name to iSIGN

CORNERSTONE HOMES: Fleet's Bid to Withdraw Reference Denied
COSO GEOTHERMAL: Fitch Affirms 'C' Rating on $629MM Certs.
CUI GLOBAL: Shareholders Elect 7 Directors
DEB STORES: Exclusive Right to File Plan Extended to March 30
DOLPHIN DIGITAL: Issues $3.16 Million Convertible Note

DOMINICK GALLUZZO: Fails to Exhaust Administrative Remedies
ECOSPHERE TECHNOLOGIES: Director Quits for Personal Reasons
ELBIT IMAGING: Announces Series H Notes Buyback
ELBIT IMAGING: Implements Improvements to Corporate Governance
ELBIT IMAGING: Units Agree to Sell Cina Property in Bucharest

ELKE LESSO: Court Affirms $33K Atty Fees, Costs for Fuchs
FORTRESS TRANSPORTATION: S&P Assigns 'B' CCR; Outlook Stable
FRAC SPECIALISTS: MBF Granted $1.5-Mil. Allowed Claim
FREEDOM COMMUNICATIONS: Gets Nod for $4.5M Silver Point Loan
FUSION TELECOMMUNICATIONS: Diker GP Reports 18.7% Stake

GENIUS BRANDS: Amends 7.4M Shares Registration Statement
GENIUS BRANDS: Cites Revenue Improvement in Letter to Shareholders
GENOIL INC: Completes 2013 & 2014 Audited Financials
GENOIL INC: Incurs C$169,000 Net Loss in Third Quarter
GENOIL INC: Incurs C$558,000 Net Loss in 2014

GENOIL INC: Reports C$107,777 Net Loss for First Quarter
GEOMET INC: Stockholders OK Plan of Dissolution & Liquidation
GEOMET INC: Yorktown Energy Sells 12.4M Shares to North Shore
GETTY IMAGES: S&P Raises CCR to 'CCC+', Outlook Negative
HALCON RESOURCES: To Effect Common Stock Reverse Split

HOVNANIAN ENTERPRISES: Incurs $16.1-Mil. Net Loss in Fiscal 2015
IHEARTCOMMUNICATIONS INC: Unit Offering $225M Senior Notes
INTERLEUKIN GENETICS: President to Get $360,000 Annual Salary
ISIGN SOLUTIONS: Has Public Offering of Common Shares
ISIGN SOLUTIONS: Obtains $268,000 Loans From Investors

KEMET CORP: Rama Marda Has 5.6% Stake as of Dec. 15
LATTICE INC: Closes Purchase of Preferred Shares From Barron
MAGNETATION LLC: OK'd to Employ PJT Partners as Investment Banker
MAGNUM HUNTER: Court Directs Joint Administration of Cases
MAGNUM HUNTER: Court OKs Prime Clerk as Claims & Noticing Agent

MAGNUM HUNTER: December 23 Meeting Set to Form Creditors' Panel
MAGNUM HUNTER: Gets Interim Approval of $200M DIP Financing
MAGNUM HUNTER: Obtains Interim OK of Stock Transfer Procedures
MARRIOTT VACATIONS: S&P Raises CCR to 'BB+', Outlook Stable
MCCLATCHY CO: Stephanie Shepherd Joins as Controller

MEDICAL ALARM: Posts $827,000 Net Income for Fiscal 2015
MICHAEL JOSEPH KILROY: Court Denies Receiver's Bid to Hire Counsel
MILLENNIUM LAB: Lenders Ask to Appeal Ch. 11 Plan to 3rd Circuit
MUSCLEPHARM CORP: Ryan Drexler Reports 19% Stake as of Dec. 7
NAKED BRAND: Amends 1.6 Million Common Shares Prospectus

NAKED BRAND: Offering 1.8 Million Common Shares
NATIONAL CINEMEDIA: AMC Completes Acquisition of Starplex Cinemas
NAVISTAR INTERNATIONAL: MHR, et al, May Buy Non-Convertible Debt
NET ELEMENT: Grants Equity Awards to Chief Legal Officer
NEW GULF RESOURCES: Has $75-Mil. DIP Agreement with U.S. Bank

NEW GULF RESOURCES: Hires Prime Clerk as Claims & Noticing Agent
NEW GULF RESOURCES: Proposes Procedures to Protect NOLs
NEW GULF RESOURCES: Seeks Joint Administration of Cases
NEWLEAD HOLDINGS: Perian Salviola Reports 7.1% Stake as of Dec. 15
OAS SA: Noteholders Approve Plan of Reorganization

PICO HOLDINGS: Fires VP Investments W. Raymond Webb
POC PROPERTIES: Hires Kerkman & Dunn as General Counsel
PREMIER EXHIBITIONS: Board OKs 2016 Director Compensation
PREMIER EXHIBITIONS: Enters Into US$5M Promissory Note
RDX TECHNOLOGIES: Voluntary Chapter 11 Case Summary

RESTORGENEX CORP: Signs Merger Agreement With Diffusion
RICEBRAN TECHNOLOGIES: Signs Binding Agreement with KER
RITE AID: Special Stockholder Meeting Set for Feb. 4
S.L.B. SEAVIEW: Case Summary & 2 Largest Unsecured Creditors
SCIENTIFIC GAMES: Michael Quartieri to Serve as CFO

SEARS HOLDINGS: Fairholme Reports 24.9% Equity Stake as of Dec. 17
SHORELINE ENERGY: Fails to Implement CCAA Plan of Arrangement
SIGA TECHNOLOGIES: Inks Deal Resolving $195M Partnership Battle
SPENDSMART NETWORKS: Files Copy of Investor Presentation with SEC
STELLAR BIOTECHNOLOGIES: Incurs $2.84M Net Loss in Fiscal 2015

TRAVELPORT WORLDWIDE: Appoints Bernard Bot as CFO
TREEHOUSE FOODS: S&P Affirms 'BB' CCR, Off CreditWatch Negative
TRUCK HERO: S&P Affirms 'B' ICR Then Withdraws All Ratings
WAVE SYSTEMS: Nolan Bushnell Quits as Director
WAVE SYSTEMS: Secures $3 Million Secured Financing From MBFG

WORLD WIDE WHEAT: Section 341 Meeting Scheduled for Jan. 19
WPCS INTERNATIONAL: Incurs $1.98-Mil. Net Loss in Second Quarter
ZLOOP INC: Needs Until March 6 to Decide on Leases
[*] Debt Restructuring Rider Dropped From Omnibus Spending Bill
[*] Weil Gotshal's Ray Schrock Named Law360's Bankruptcy MVP


                            *********

22ND CENTURY: Files Form 8-K With Letter to Shareholders
--------------------------------------------------------
22nd Century Group, Inc. made available to the public the following
letter to shareholders:

Dear Fellow Shareholders:

As we approach the end of the year, I am writing to summarize for
you the many exciting developments occurring here at 22nd Century
Group.  As you know, 2015 was the first year in which we began to
actively commercialize our significant intellectual property
portfolio.  Our total revenues for 2014 were less than $530,000. In
contrast, we reported revenues of approximately $5.6 million for
the nine months ended September 30, 2015, and we believe that we
will achieve more than $8 million in revenue for the full year of
2015, which exceeds our prior financial projections and will be the
highest revenue in our history.

22nd Century is uniquely positioned as the only tobacco company
with the mission of reducing the harm caused by smoking.  In
support of this mission, 22nd Century Group has a dominant, global
intellectual property portfolio that now includes more than 200
issued patents and more than 50 pending patents.  Indeed, 22nd
Century controls all the genes in the tobacco plant needed to
regulate and control nicotine, the addictive drug in tobacco.
Accordingly, 22nd Century has the unique ability to produce Very
Low Nicotine tobacco for (i) commercial cigarettes such as our
MAGIC brand of "0.0 mg nicotine" cigarettes currently sold in
Europe, (ii) research cigarettes such as our SPECTRUM brand of
cigarettes which feature multiple levels of nicotine (as
highlighted in the October 2015 edition of The New England Journal
of Medicine), and (iii) X-22, the world's only combustible
cigarette under development as a smoking cessation product.  Our
expansive IP portfolio and our unique experience in altering
nicotine levels in the tobacco plant have given our Company a
strong competitive advantage in the billion dollar smoking
cessation market and in the premium specialty tobacco products
markets.

Capturing a mere fraction of a percent of the U.S. cigarette market
- or a nominal percentage of the billion dollar smoking cessation
market - would catapult the value of our Company.   Indeed,
management is confident that our proprietary technology will enable
us to do exactly that.

As a result of our recent accomplishments - in the laboratory, in
our MSA-authorized factory, and in the marketplace - we have
assembled all the crucial elements of a Modified Risk Tobacco
Product (MRTP) application that will soon be submitted to the U.S.
Food and Drug Administration (FDA) for reduced exposure labeling of
our BRAND A Very Low Nicotine cigarettes.  We believe 22nd Century
will be the first company in the world to achieve MRTP designation
for a combustible cigarette.  Indeed, we believe that 22nd Century
is closing 2015 with a very strong foundation for continued success
and growth in 2016.  Below are highlights of our achievements from
the past year.  In 2015, we:

  * Completed the BRAND A Modified Risk Tobacco Product (MRTP)
    application and plan to submit this application to the FDA
    this month.

  * Expanded our IP portfolio, enhancing its value to our
    shareholders with our global ownership or exclusive control of
    more than 200 issued patents and more than 50 pending patent
    applications.

  * Appointed a full-time FDA expert, Gregg Gellman, as our new
    Director of Business Development and Regulatory Affairs.

  * Hired Paul Rushton, Ph.D., as Vice President of Plant
    Biotechnology.  Paul was a unique find as he is one of the
    world's foremost experts on tobacco genome sequencing and he
    has completed extensive work on our proprietary tobacco plants
    as part of a research team at the University of Virginia that
    conducted sponsored research studies for 22nd Century.

  * Identified and met with several potential strategic partners
    towards funding Phase III clinical trials for our X-22
    prescription smoking-cessation aid in development.

  * Received an order for approximately 5 million SPECTRUM
    research cigarettes from the U.S. federal government for
    ongoing research.

  * Commenced new cannabis research with Anandia Laboratories in
    Canada.

  * Launched the RED SUN super-premium cigarette brand in the
    first quarter of this year and have grown our retail store
    count to more than 600 locations nationwide.

  * Launched MAGIC cigarettes in more than 900 state-licensed
    retail shops in Spain.

  * Expanded our third-party contract manufacturing base with the
    addition of six new contract partners.

Pending receipt of final third party analysis and prior to the end
of December, we plan to submit a Modified Risk Tobacco Product
application to the FDA for our BRAND A VLN tobacco cigarettes.
There are several independent clinical trials that support our
submission.  Of notable importance, an independent clinical study
using our SPECTRUM research cigarettes, funded in part by the FDA,
and published in October 2015 in The New England Journal of
Medicine (http://www.nejm.org/doi/full/10.1056/NEJMsa1502403),
found that smokers of our VLN cigarettes (95% less nicotine than
conventional brands) consumed far fewer cigarettes per day and
doubled their quit attempts versus smokers of conventional
cigarettes, all with minimal withdrawal symptoms and without
compensatory smoking or any serious adverse events.  Because of the
compelling results of this and six other independent Phase II and
Phase III independent clinical studies using our VLN tobacco, we
believe the FDA will approve our claim of reduced exposure to
nicotine and approve BRAND A as the first Modified Risk Tobacco
product in the United States.  We believe that this reduced
exposure designation will likely lead to important licensing
opportunities for our Company.

Our strategic new hires are experienced experts who will work to
bring our unique intellectual property and scientific know-how to
commercial success.  Gregg Gellman is charged with shepherding FDA
submissions for our modified risk cigarettes in development (BRAND
A and BRAND B) and X-22, our smoking cessation product in
development.  Paul Rushton, our Vice President of Plant
Biotechnology, is uniquely qualified to grow and commercialize our
impressive patent portfolio relating to each of tobacco and
cannabis.

We are also excited that a new research agreement with Anandia
Laboratories in Vancouver, Canada to develop, protect and
commercially produce proprietary cannabis strains will lead to
exciting commercialization opportunities.  The primary goals of our
current research activities relating to cannabis are to develop,
protect and commercially produce plant varieties that include (i)
plants with low to no amounts of THC for the commercial hemp
industry and (ii) plants with high levels of cannabidiol, or CBD,
and other non-THC cannabinoids for the legal medical marijuana
markets.

Growth Trajectory into 2016

In recent months, management has identified and met with several
pharmaceutical companies, national retail chains and other
significant potential strategic partners in our on-going efforts to
contract with a third party to fund Phase III clinical trials for
X-22.  We believe X-22 is more effective than any current NRTs on
the market and presents smokers with no new side effects and
minimal or no withdrawal symptoms.  Best of all, smokers who wish
to quit overwhelmingly prefer the choice of smoking cessation using
... a cigarette!  In early 2016, we anticipate entering into a
joint venture with a significant third-party company to bring 22nd
Century's hugely important VLN tobacco-based smoking cessation
product to market.

The vertical integration of our manufacturing facility in North
Carolina allows us to promptly and accurately produce our own
proprietary and highly specialized products.  The factory gives us
the independence and self-determination to produce our proprietary
products in a very competitive, increasingly regulated retail
marketplace.  We are continuing to grow RED SUN sales, to fulfill
our contracts to produce SPECTRUM research cigarettes, and to bring
in new contract manufacturing business.  These revenues are
expected to provide a stable platform of sustainable, profitable
work for our factory and our Company.

Though we have not yet signed an Asian joint venture agreement, we
have entered into discussions to launch our proprietary VLN
products in Asia and in the Middle East.  In January 2016, a
contingent of scientists and business people from Asia are
scheduled to visit our NASCO manufacturing operations in North
Carolina.  Additionally, several other important regional
distributors have already inquired about securing distribution
rights for our VLN products in the Middle East.  Both Asia and the
Middle East represent significant markets for 22nd Century's
tobacco products.

Dr. Eric Donny (the lead author of the study published in The New
England Journal of Medicine), explained in an article posted on
www.usatoday.com, "The evidence is getting stronger that reducing
nicotine reduces smoking and makes people less addicted to
cigarettes and, in doing so, might make them more likely to quit."
As the nuances of this and other clinical studies coalesce into
accepted fact, we believe that multiple commercial uses of 22nd
Century's remarkable Very Low Nicotine tobacco will be recognized
as critical elements of a global tobacco harm reduction strategy.

Indeed, we are well positioned to capitalize on the multi-billion
dollar smoking cessation and broad tobacco market opportunities
that I have described above and we are extremely excited about the
future ahead.

Best wishes to you and your family for a happy holiday season.
Thank you for your investment in our Company and for your continued
support as a 22nd Century shareholder.


Sincerely,


Henry Sicignano, III

President and Chief Executive Officer

                      About 22nd Century

Clarence, New York-based 22nd Century Group, Inc., through its
wholly-owned subsidiary, 22nd Century Ltd, is a plant
biotechnology company using technology that allows for the level
of nicotine and other nicotinic alkaloids (e.g., nornicotine,
anatabine and anabasine) in tobacco plants to be decreased or
increased through genetic engineering and plant breeding.

22nd Century reported a net loss of $15.6 million on $529,000 of
revenue for the year ended Dec. 31, 2014, compared to a net loss of
$26.2 million on $7.27 million of revenue during the prior year.

As of Sept. 30, 2015, the Company had $21.01 million in total
assets, $6.79 million in total liabilities and $14.21 million in
total shareholders' equity.


7 BAY CORP: Voluntary Chapter 11 Case Summary
---------------------------------------------
Debtor: 7 Bay Corp
        51 Manomet Ave
        Hull, MA 02045

Case No.: 15-14885

Chapter 11 Petition Date: December 17, 2015

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

Judge: Hon. Frank J. Bailey

Debtor's Counsel: John M. McAuliffe, Esq.
                  MCAULIFFE & ASSOCIATES, P.C.
                  430 Lexington Street
                  Newton, MA 02466
                  Tel: (617) 558-6889
                  Email: john@jm-law.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Steven Buckley, president.

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


AEMETIS INC: Board OKs Grants of 110,000 Warrants to D&Os
---------------------------------------------------------
The Governance, Compensation and Nominating Committee of the Board
of Directors of Aemetis, Inc. approved grants of warrants to
certain executive officers and members of the Board in the
following amounts:

                               Underlying   
  Name                          Warrants          Vesting
  ----                      ---------------     ------------
Francis Barton              15,000 Warrants     Fully Vested
John R. Block               10,000 Warrants     Fully Vested
Steven Hutcheson            10,000 Warrants     Fully Vested
Harold Sorgenti             15,000 Warrants     Fully Vested
Andy Foster                 20,000 Warrants     8.33% per quarter
Sanjeev Gupta               20,000 Warrants     8.33% per quarter
Todd Waltz                  20,000 Warrants     8.33% per quarter
                            ---------------       
                    Total  110,000 Warrants

Each Warrant entitles the Holder to purchase shares of the
Company's common stock, at an exercise price of $2.59 per Share.
The Warrants expire ten years from the date of their original
issuance, and are exercisable, in whole or in part, any time after
the issuance of the Warrants has been approved by the Company's
stockholders, subject to any applicable time-base vesting.  The
Warrants issued to Messrs. Barton, Block, Hutcheson and Sorgenti
were fully vest upon issuance and the Warrants issued to Messrs.
Foster, Gupta and Waltz will vest on a schedule of installments of
8.33% of the total grant every three months, beginning at the on
the date of grant, subject to each of them continuing in service to
the Company.  All of the Warrants are subject to approval by the
Company's stockholders and will terminate, if stockholder approval
is not obtained by Dec. 9, 2016.

The Warrants provide for certain adjustments to the exercise price
and the number of shares issuable upon exercise due to future
corporate events such as stock splits, stock dividends or
reclassification events.  In the case of certain fundamental
transactions affecting the Company, the holders of the Warrants,
upon exercise of the Warrants after such fundamental transaction,
have the right to receive, in lieu of Shares, the same amount and
kind of securities, cash or property such holder would have been
entitled to receive upon the occurrence of the fundamental
transaction had the Warrants been exercised immediately prior to
such fundamental transaction.

Meanwhile, the Company issued an Investor News and Views
publication providing information to investors on the industry and
business environment.  A copy of the publication is available for
free at http://is.gd/Ev9kZR

                          About Aemetis

Cupertino, Calif.-based Aemetis, Inc., is an international
renewable fuels and specialty chemical company focused on the
production of advanced fuels and chemicals and the acquisition,
development and commercialization of innovative technologies that
replace traditional petroleum-based products and convert first-
generation ethanol and biodiesel plants into advanced
biorefineries.

For the nine months ended Sept. 30, 2015, the Company recorded a
net loss of $20.7 million on $111 million of revenues compared to
net income of $10.9 million on $166 million of revenues for the
same period a year ago.

As of Sept. 30, 2015, the Company had $87.0 million in total
assets, $116 million in total liabilities, and a $29.02 million
total stockholders' deficit.


AEOLUS PHARMACEUTICALS: Closes $6.7M Private Placement Financing
----------------------------------------------------------------
Aeolus Pharmaceuticals, Inc., on Oct. 5, 2015, reported on Form 8-K
that it had received funding in the form of convertible promissory
notes from Biotechnology Value Fund, L.P. and certain other
affiliates of BVF Partners, L.P.  The Notes have an aggregate
principal balance of $1,000,000, accrue interest at a rate of 6%
per annum and have a scheduled maturity date of Sept. 28, 2016.  

As previously disclosed, the outstanding principal and accrued
interest on the Notes automatically convert, in accordance with the
terms of the Notes, into Company equity securities, provided a
Qualified Financing occurs.  For these purposes, "Qualified
Financing" means a bona fide new money equity securities financing
on or before the Maturity Date of not less than $4 million.

On Dec. 11, 2015, Aeolus Pharmaceuticals, Inc. completed a
Qualified Financing when it closed on the sale of securities with
certain accredited investors whereby the Company sold and issued to
the Purchasers in reliance on Section 4(2) of the Securities Act of
1933, as amended, and Rule 506 promulgated thereunder, (i) an
aggregate of 10,215,274 common stock units at a purchase price of
$0.22 per unit, and (ii) preferred stock units for an aggregate
purchase price of $4.5 million, resulting in aggregate gross
proceeds to the Company of $6.75 million.

Following the closing of the Private Placement, in a separate
transaction, the principal and accrued interest amounts under the
Notes were converted in accordance with the terms of the Notes into
5,414,402 shares of the Company's common stock and warrants to
purchase an additional 5,414,402 shares of the Company's common
stock at an exercise price per share of $0.22 subject to
adjustment.  This Current Report on Form 8-K is being filed to
report the conversion of the Notes and the related issuances of
common stock and warrants in respect thereof, which were effected
pursuant to Section 4(2) of the Securities Act and Rule 506
thereunder.

                    About Aeolus Pharmaceuticals

Mission Viejo, California-based Aeolus Pharmaceuticals, Inc., is a
Southern California-based biopharmaceutical company leveraging
significant government investment to develop a platform of novel
compounds in oncology and biodefense.  The platform consists of
over 200 compounds licensed from Duke University and National
Jewish Health.

The Company's lead compound, AEOL 10150, is being developed as a
medical countermeasure ("MCM") against the pulmonary sub-syndrome
of acute radiation syndrome ("Pulmonary Acute Radiation Syndrome"
or "Lung-ARS") as well as the gastrointestinal sub-syndrome of
acute radiation syndrome ("GI-ARS").  Both syndromes are caused by
acute exposure to high levels of radiation due to a radiological
or nuclear event.  It is also being developed for use as a MCM for
exposure to chemical vesicants such as chlorine gas, sulfur
mustard gas and nerve agents.

Aeolus Pharmaceuticals reported a net loss of $80,000 for the
fiscal year ended Sept. 30, 2014, compared with a net loss of $3.21
million for the fiscal year ended Sept. 30, 2013.

As of June 30, 2015, the Company had $1.2 million in total assets,
$1.5 million in total liabilities and a stockholders' deficit of
$289,000.

Grant Thornton LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted
that the Company has incurred recurring losses and negative cash
flows from operations, and management believes the Company does not
currently possess sufficient working capital to fund its operations
through fiscal 2014.  These conditions, among other things, raise
substantial doubt about the Company's ability to continue as a
going concern.


AEOLUS PHARMACEUTICALS: Has $6.75M Private Placement Financing
--------------------------------------------------------------
Aeolus Pharmaceuticals, Inc., has entered into definitive
agreements with certain institutional and other accredited
investors to raise gross proceeds of $6.75 million in a private
placement financing.  The investors comprised both new and existing
investors in the Company, including entities associated with BVF
Partners L.P., a leading life sciences investment firm, which
manages the Biotechnology Value Fund family of funds.

Net proceeds from this offering will be used for general corporate
and working capital purposes, including the development of
AEOL10150 as a medical countermeasure for the pulmonary effects of
acute radiation syndrome, under the Company's development contract
with the Biomedical Advanced Research and Development Authority
("BARDA").  In addition, the Company intends to use the proceeds to
pursue human clinical trials with AEOL 10150 in Idiopathic
Pulmonary Fibrosis and radiation oncology and the completion of
pre-clinical development of AEOL 20415 for infectious diseases and
AEOL 11114B for Parkinson's disease.

Pursuant to the purchase agreement, BVF will purchase $4.5 million
of Preferred Units consisting of (i) 4,500 shares of Series C
Convertible Preferred Stock of the Company that are collectively
convertible into an aggregate of 20,454,546 Common Shares and (ii)
Warrants to purchase an aggregate of 20,454,546 Common Shares, in
each case subject to adjustment.  The Warrants have an exercise
price of $0.22 per share.

Aeolus has also agreed to issue to a group of non-BVF investors an
aggregate of 10,215,271 shares of the Company's common stock at a
price per share of $0.22, as well as five-year warrants to purchase
up to an aggregate of 10,215,271 shares of common stock with an
exercise price of $0.22 per share.

Laidlaw & Company served as the placement agent for the offering.

                 About Aeolus Pharmaceuticals

Mission Viejo, California-based Aeolus Pharmaceuticals, Inc., is a
Southern California-based biopharmaceutical company leveraging
significant government investment to develop a platform of novel
compounds in oncology and biodefense.  The platform consists of
over 200 compounds licensed from Duke University and National
Jewish Health.

The Company's lead compound, AEOL 10150, is being developed as a
medical countermeasure ("MCM") against the pulmonary sub-syndrome
of acute radiation syndrome ("Pulmonary Acute Radiation Syndrome"
or "Lung-ARS") as well as the gastrointestinal sub-syndrome of
acute radiation syndrome ("GI-ARS").  Both syndromes are caused by
acute exposure to high levels of radiation due to a radiological
or nuclear event.  It is also being developed for use as a MCM for
exposure to chemical vesicants such as chlorine gas, sulfur
mustard gas and nerve agents.

Aeolus Pharmaceuticals reported a net loss of $80,000 for the
fiscal year ended Sept. 30, 2014, compared with a net loss of $3.21
million for the fiscal year ended Sept. 30, 2013.

As of June 30, 2015, the Company had $1.2 million in total assets,
$1.5 million in total liabilities and a stockholders' deficit of
$289,000.

Grant Thornton LLP, in San Diego, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2014.  The independent auditors noted
that the Company has incurred recurring losses and negative cash
flows from operations, and management believes the Company does not
currently possess sufficient working capital to fund its operations
through fiscal 2014.  These conditions, among other things, raise
substantial doubt about the Company's ability to continue as a
going concern.


AEOLUS PHARMACEUTICALS: Incurs $2.62 Million Net Loss in 2015
-------------------------------------------------------------
Aeolus Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $2.62 million on $3.11 million of contract revenue for the
fiscal year ended Sept. 30, 2015, compared to a net loss of $80,000
on $9.63 million of contract revenue for the fiscal year ended
Sept. 30, 2014.

As of Sept. 30, 2015, the Company had $1.77 million in total
assets, $2.62 million in total liabilities and a total
stockholders' deficit of $845,000.  As of Sept. 30, 2015, the
Company had approximately $94,000 of cash and cash equivalents, a
decrease of $1,422,000 from Sept. 30, 2014.  The decrease in cash
was primarily due to cash used in operations and the 2014 BARDA
Contract Modification which had the effect of increasing the
Company's cash as of Sept. 30, 2014.  In order to fund on-going
operating cash requirements, or to accelerate or expand its
oncology and other programs, the Company said it may need to raise
significant additional funds.

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

                     http://is.gd/MzkczX

                 About Aeolus Pharmaceuticals

Mission Viejo, California-based Aeolus Pharmaceuticals, Inc., is a
Southern California-based biopharmaceutical company leveraging
significant government investment to develop a platform of novel
compounds in oncology and biodefense.  The platform consists of
over 200 compounds licensed from Duke University and National
Jewish Health.

The Company's lead compound, AEOL 10150, is being developed as a
medical countermeasure ("MCM") against the pulmonary sub-syndrome
of acute radiation syndrome ("Pulmonary Acute Radiation Syndrome"
or "Lung-ARS") as well as the gastrointestinal sub-syndrome of
acute radiation syndrome ("GI-ARS").  Both syndromes are caused by
acute exposure to high levels of radiation due to a radiological
or nuclear event.  It is also being developed for use as a MCM for
exposure to chemical vesicants such as chlorine gas, sulfur
mustard gas and nerve agents.

Aeolus Pharmaceuticals reported a net loss of $80,000 for the
fiscal year ended Sept. 30, 2014, compared with a net loss of $3.21
million for the fiscal year ended Sept. 30, 2013.


AMERICAN POWER: Extends Maturity of Trident Note to Dec. 31
-----------------------------------------------------------
American Power Group Corporation amended and restated, as of
Dec. 1, 2015, the senior secured demand promissory note dated
June 30, 2015, issued by Trident Resources LLC, in the original
principal amount of $737,190.  As of the date of the amendment and
restatement, Trident had repaid the Company $240,000 and the
outstanding principal balance was $497,190.  The amended and
restated senior secured demand promissory note issued by Trident
extends the maturity of the remaining principal balance to
Dec. 31, 2015, defers payment of approximately $17,000 of accrued
interest until maturity and provides for certain additional
penalties in the event of any default under such note.  Trident's
obligations under the amended and restated note continue to be
secured by a first priority security interest in all of Trident's
assets and are guaranteed on a secured basis by Thomas Lockhart,
Trident's sole owner.  Mr. Lockhart became an employee of the
Company's American Power Group Incorporated subsidiary on Aug. 13,
2015.

On Dec. 12, 2015, the Company's American Power Group, Inc.
subsidiary amended and restated, as of Dec. 1, 2015, two secured
promissory notes dated Aug. 12, 2015, issued by APGI to Trident, in
the original principal amounts of $832,000 and $884,500.  As of the
date of the amendment and restatement, the outstanding principal
balance of the two notes was $1,716,500.  The amended and restated
secured promissory note issued by APGI combines the obligations of
the original notes into a single instrument, amortizes principal
payments, together with accrued interest, over a 48-month period
commencing on Feb. 29, 2016, and provides that APGI may defer
payments otherwise due in any month, without incurring any
additional interest, if APGI's Trident NGL Services division fails
to meet specified production goals in the preceding month from the
equipment purchased from Trident.  The amended and restated note
also permits APGI to offset against amounts otherwise due under
such note in the event of any default by Trident under the
promissory note described in the preceding paragraph.  APGI's
obligations under the amended and restated note continue to be
secured by a first priority security interest in the equipment
purchased from Trident.

On Dec. 12, 2015, the Company amended, as of Sept. 30, 2015, an
unsecured promissory note dated as of Sept. 17, 2010, issued by the
Company to Charles E. Coppa, the Company's chief financial officer,
in the original principal amount of $50,000.  As of the date of the
amendment, the outstanding principal balance of the note was
$50,000.  The amendment extends the maturity date of the promissory
note and amortizes principal payments, together with accrued
interest, over a five-month period commencing on Jan. 15, 2016.

                     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.


ANDERSON NEWS: Tells 2nd Circuit to Revive $371M Antitrust Suit
---------------------------------------------------------------
Matthew Bultman at Bankruptcy Law360 reported that Anderson News
LLC urged the Second Circuit to revive its $371 million antitrust
suit against Time Inc., Hearst Communications Inc. and other
magazine publishers, arguing there is a "wealth of evidence" the
publishers conspired to drive it out of business.  Anderson News
said a district court rushed to judgment when it tossed the suit in
August and ruled the publishers' decisions not to accept Anderson's
price increase didn't add up to an antitrust claim.

                        About Anderson News

Anderson News LLC was a sales and marketing company for books and
magazines.  Anderson News ceased doing business in February 2009,
and was the subject of an involuntary Chapter 7 petition filed by
certain of its creditors (Bankr. D. Del. Case No. 09-10695) on
March 2, 2009.  The publishing companies claimed that Anderson
News owes them a combined $37.5 million.  An order for relief was
entered on Dec. 30, 2009, and the bankruptcy case was converted
from one under Chapter 7 to one under Chapter 11 on the same day.


ANK LLC: Case Summary & 4 Largest Unsecured Creditors
-----------------------------------------------------
Debtor: ANK, LLC
        31 Walker Avenue, Ste 110
        Pikesville, MD 21208

Case No.: 15-27357

Chapter 11 Petition Date: December 17, 2015

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. Robert A. Gordon

Debtor's Counsel: Catherine Keller Hopkin, Esq.
                  TYDINGS & ROSENBERG, LLP
                  100 E. Pratt Street, 26th Floor
                  Baltimore, MD 21202
                  Tel: (410) 752-9768
                  Email: chopkin@tydingslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Brenda J. Faulk, sole and managing
member.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/mdb15-27357.pdf


APPLIED MINERALS: Stockholders Elect 7 Directors
------------------------------------------------
The 2015 annual meeting of stockholders of Applied Minerals, Inc.
was held on Dec. 9, at which the stockholders:

  (a) elected John Levy, Robert Betz, Mario Concha, David Taft,
      Bradley Tirpak, Ali Zamani and Andre Zeitoun to the Board of

      Directors;

  (b) approved, in a non-binding vote, the executive compensation;
  
  (c) approved an amendment of the Certificate of Incorporation to
      enable stockholder action by written consent; and

  (d) ratified the selection of EisnerAmper LLP as the Company's
      independent registered public accounting firm.

                      About Applied Minerals

New York City-based Applied Minerals, Inc. (OTC BB: AMNL) is a
leading global producer of halloysite clay used in the development
of advanced polymer, catalytic, environmental remediation, and
controlled release applications.  The Company operates the Dragon
Mine located in Juab County, Utah, the only commercial source of
halloysite clay in the western hemisphere.  Halloysite is an
aluminosilicate clay that forms naturally occurring nanotubes.

Applied Minerals reported a net loss of $10.3 million in 2014, a
net loss of $13.06 million in 2013 and a net loss of $9.73 million
in 2012.  As of Dec. 31, 2014, the Company had $18.5 million in
total assets, $26 million in total liabilities, and a $7.51 million
total stockholders' deficit.


ATLANTIC & PACIFIC: Court Extends Stay to 'Non-Debtor Parties'
--------------------------------------------------------------
Great Atlantic & Pacific Tea Company Inc. obtained a court order
which extended the automatic stay to third parties involved in
lawsuits filed prior to the company's bankruptcy case.

The order, issued by U.S. Bankruptcy Judge Robert Drain, extended
the automatic stay to employees, suppliers, landlords and other
parties who hold certain claims against the company, and who are
co-defendants or third-party plaintiffs in the pre-bankruptcy
lawsuits.     

"Claims against the non-debtor parties essentially are claims
against [Great Atlantic] and are subject to the automatic stay
imposed by section 362(a) of the Bankruptcy Code," said the
company's lawyer, Garrett Fail, Esq., at Weil, Gotshal & Manges
LLP, in New York.

Under Section 362 of the Bankruptcy Code, the filing of a
bankruptcy case triggers an injunction against the continuance of
an action by any creditor against the debtor or its property.  The
automatic stay gives the debtor protection from its creditors
subject to the oversight of the bankruptcy judge.

       About The Great Atlantic & Pacific Tea Company, Inc.

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.


BLACK ELK: Seeks Until March 31 to File Ch. 11 Plan
---------------------------------------------------
Black Elk Energy Offshore Operations asks the United States
Bankruptcy Court for the Southern District of Texas, Houston
Division, to extend its exclusive period for filing a plan of
reorganization from December 30, 2105, until through and including
March 1, 2016; and exclusive period to seek confirmation of that
plan through and including May 1, 2016.

The Debtor says it is continuing to negotiate with its creditors in
an effort to develop a business plan going forward, and is
continuing to pursue all reorganization efforts and other options
available to it, with the goal of maximizing its value for all
stakeholders.  Additionally, the Debtor is in the process of
investigating many of the prepetition transactions with its
affiliates and others.

The Debtor anticipates that the investigation will require
significant effort on its part and may bring substantial value to
the estate.  Accordingly, the Debtor believes it is in the best
interest of the estate and all interested parties to briefly extend
the exclusivity periods.

The Debtor is represented by:

         Elizabeth A. Green, Esq.
         BAKER & HOSTETLER LLP
         200 South Orange Ave.
         SunTrust Center, Suite 2300
         Orlando, Florida 32801-3432
         Phone: (407) 649-4000
         Email: egreen@bakerlaw.com

                 About Black Elk

Black Elk Energy Offshore Operations, LLC, is a Houston, Texas
based privately held limited liability company engaged in the
acquisition, exploitation, development and production of oil and
natural gas properties primarily in the shallow waters of the Gulf
of Mexico near the coast of Louisiana and Texas.

Black Elk had total assets of $339.7 million and total debt of
$432.3 million as of Sept. 30, 2014.

Judge Letitia Z. Paul of the U.S. Bankruptcy Court in the Southern
District of Texas placed Black Elk under Chapter 11 bankruptcy
protection on Sept. 1, 2015, converting an involuntary Chapter 7
bankruptcy petition by its creditors.  Thereafter, the Company
filed with the Court a voluntary Chapter 11 petition (Bankr. S.D.
Tex. Case No. 15-34287) on Sept. 10, 2015.  

Judge Paul later recused herself from the case and the matter was
given to Judge Marvin Isgur, according to information posted on
the case docket on Sept. 14.

The Debtor is represented by Elizabeth E. Green of Baker &
Hostetler.  Blackhill Partners' Jeff Jones is the Debtor's Chief
Restructuring Officer.


BMC SOFTWARE: S&P Revises Outlook to Negative & Affirms 'B' CCR
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its rating
outlook on Houston-based BMC Software Inc. to negative from stable.
At the same time, S&P affirmed its ratings on the company,
including the 'B' corporate credit rating on the company

"The outlook revision reflects continued deterioration in BMC's
credit metrics and free cash flow generation subsequent to the
firm's leveraged buyout (LBO) in 2013," said Standard & Poor's
credit analyst James Thomas.  Although S&P do expect recent
improvements in the company's product bookings trends and stronger
renewal opportunities in fiscal 2017 to improve its credit metrics
and cash flow, S&P believes that there is considerable uncertainty
as to whether these boosts will be sufficient to meaningfully
reduce leverage.

The negative rating outlook on BMC is based on the company's high
leverage, in excess of 10x.  Although S&P believes that the
company's recent product and sales overhauls, as well as a
favorable renewal environment in fiscal 2017, may enable the firm
to improve its credit metrics over the next 12 months, failure to
execute on all potential growth drivers could lead to a sustained
period of weak credit metrics.

S&P could lower the corporate credit rating on BMC if the company
is unable to continue to grow its bookings, revenues, and cash flow
such that leverage and free cash flow generation are likely to
remain at existing levels for a prolonged period.

S&P would consider revising its outlook to stable if growing
acceptance of new products, particularly in the ITSM market,
combined with strong renewal bookings in this mainframe renewal
cycle and an abatement of currency challenges can put BMC on a
trajectory to credibly generate free cash flow of over 5% of debt
and reduce leverage below 8x.



BOOMERANG SYSTEMS: Liberty Grande Seeks Return of Payments
----------------------------------------------------------
Liberty Grande, LLC, filed a complaint asking the U.S. Bankruptcy
Court for the District of Delaware for a judgment declaring that,
pursuant to Section 541(d) of the Bankruptcy Code, the "Segregated
Funds" in the "Dedicated Bank Account" do not constitute property
of the Debtors' estates and, thus, must be immediately turned over
by the Debtors to Liberty Grande.

Liberty Grande also asks the Court to direct the Debtors to provide
an accounting of funds that were in the Dedicated Bank Account from
March 1, 2015, through the Petition Date.

Prior to Petition Date, Liberty Grande and Boomerang entered into
an Automated Parking Purchase and Software Licensing Agreement
dated August 7, 2015, pursuant to which Boomerang was to install an
automated garage to the Hollywood Costa Project in Florida.
Pursuant to Liberty Grande Contract, funds of Liberty Grande were
deposited into a segregated bank account at Zions First National
Bank, N.A., in Utah in the name of "Boomerang Sub Inc DBA Boomerang
Systems Inc."  These funds were deposited into the Dedicated Bank
Account by checks drawn on a bank account of Liberty Grande, which
were forwarded to Boomerang Systems and then deposited into the
Dedicated Bank Account, for which funds were to be used solely for
the construction of the Garage at the Hollywood Costa Project.

According to Liberty Grande, between the inception of the Liberty
Grande Contract and the Petition Date, Liberty Grande caused a
total of $2,750,724 of its funds to be placed into the Dedicated
Account; however, as of Petition Date, there was approximately
$620,000 in the Dedicated Account.  The Debtors stopped working at
the Costa Hollywood Project on August 14, 2015, and have not
provided any goods or services as contemplated by the Liberty
Grande Contract since then.

Because none of the Debtors hold any equitable interest in the
Segregated Funds, those funds are excluded from their bankruptcy
estates by operation of Section 541(d), Liberty Grande asserts.

                 Debtors, Creditors Oppose

The Debtors, the Official Committee of Unsecured Creditors, and
Game Over Technology Investor LLC, oppose Liberty Grande's request
for the return of the funds.

The Debtors argue that they did not "request Liberty Grande to fund
the Dedicated Bank Account" each month, but Liberty was indeed
contractually obligated to pay the Debtors the Project Payments.
No trust existed between the Debtors and Liberty which, would
exclude the Project Payments from the property of the Estate, the
Debtors tell the Court.  Liberty was not the beneficiary of the
Project Payments because the funds were owed by Liberty to
Boomerang Systems pursuant to the terms of the Liberty Contract,
the Debtors assert.  Furthermore, no trust duties were established
by contract or statute as such the Liberty Contract makes no
reference to the creation of a trust between Liberty and Boomerang
Systems, the Debtors further assert.

According to the Committee, "greater procedural protections" were
necessary to enable the Committee and the Court to evaluate whether
the Debtors have an interest greater than the bare legal title that
Liberty Grande avers.

Game Over, the DIP Lender, opposes the relief sought by Liberty
Grande for, aside from meeting the legal requirements for an
express or constructive trust, Liberty Grande should be required to
show that the Debtor had not earned or was not owed any of the
funds in the account as of the petition date, something that was
not shown in its motion, the DIP Lender asserts.

The adversary proceeding is LIBERTY GRANDE, LLC, Plaintiff, v.
BOOMERANG SYSTEMS, INC., and BOOMERANG SUB, INC., Adv. Pro. No.
15-_____ (Bankr. D. Del.).

Liberty Grande, LLC, is represented by:

         Linda Richenderfer, Esq.
         KLEHR HARRISON HARVEY BRANZBURG LLP
         919 Market Street, Suite 1000
         Wilmington, DE 19801-3062
         Telephone: (302) 552-5513
         Facsimile: (302) 426-9193
         Email: lrichenderfer@klehr.com

            -- and –-

         Paul A. Avron, Esq.
         BERGER SINGERMAN LLP
         One Town Center Road, Suite 301
         Boca Raton, FL 33486
         Telephone: (561) 893-8703
         Facsimile: (561) 998-0028
         Email: pavron@bergersingerman.com

The Debtors are represented by:

         Daniel K. Astin, Esq.
         John D. McLaughlin, Jr., Esq.
         Joseph J. McMahon, Jr., Esq.
         CIARDI, CIARDI & ASTIN
         1204 N. King Street
         Wilmington, DE 19801
         Telephone: (302) 658-1100
         Facsimile: (302) 658-1300
         Email: dastin@ciardilaw.com
                jmclaughlin@ciardilaw.com
                jmcmahon@ciardilaw.com

            -- and –-

         Jeffrey R. Gleit, Esq.
         SULLIVAN & WORCESTER LLP
         1633 Broadway
         New York, NY 10019
         Telephone: (212) 660-3000
         Facsimile: (212) 660-3001
         Email: jgleit@sandw.com

The Committee is represented by:

         Anthony M. Saccullo, Esq.
         Thomas H. Kovach, Esq.
         A. M. SACCULLO LEGAL, LLC
         27 Crimson King Drive
         Bear, Delaware 19701
         Telephone: (302) 836-8877
         Facsimile: (302) 836-8787
         Email: ams@saccullolegal.com
                kovach@saccullolegal.com

The DIP Lender is represented by:

         William D. Sullivan, Esq.
         William A. Hazeltine, Esq.
         Elihu E. Allinson III, Esq.
         SULLIVAN HAZELTINE ALLINSON LLC
         901 North Market Street, Suite 1300
         Wilmington, DE 19801
         Telephone: (302) 428-8191
         Facsimile: (302) 428-8195
         Email: bsullivan@sha-llc.com
                whazeltine@sha-llc.com
                zallinson@sha-llc.com

            -- and –-

         Christopher L. Richardson, Esq.
         DAVIS GRAHAM & STUBBS LLP
         1550 17th Street, Suite 500
         Denver, CO 80202
         Telephone: (303) 892-7420
         Facsimile: (303) 893-1379
         Email: chris.richardson@dgslaw.com

                      About Boomerang Systems

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

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

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

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 Committee is represented by Landis Rath &
Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.


BOOMERANG SYSTEMS: Needs Until April 14 to File Plan
----------------------------------------------------
Boomerang Systems, Inc., et al., ask the U.S. Bankruptcy Court for
the District of Delaware to further extend through April 14, 2016,
the period by which they have exclusive right to file a plan and
through June 13, 2016, the period by which they have exclusive
right to solicit acceptances of the plan.

According to the Debtors, termination of the Exclusive Periods
could lead to the filing of multiple plans and a contentious
confirmation process resulting in increased administrative expenses
and consequently diminishing returns to the Debtors' creditors.
Moreover, it could significantly delay, if not completely
undermine, the Debtors' ability to confirm any plan at all, the
Debtors assert.

Since the Petition Date, the Debtors worked diligently to stabilize
their business operations and to propose a plan of reorganization.
Unfortunately, it became apparent that a plan of reorganization in
these cases would be extremely difficult to effectuate, the Debtors
relate.  After discussions with the DIP Agent and the professionals
for the Official Committee of Unsecured Creditors, it was decided
that a sales process conducted by the Committee's financial advisor
and a joint liquidating plan would maximize value for the estate
and creditors, the Debtors further relate.

By granting the requested extension, the Debtors will have time to
finalize a comprehensive and consensual plan of liquidation that
will benefit all creditors.

The Debtors are represented by:

         Daniel K. Astin, Esq.
         John D. McLaughlin, Jr., Esq.
         Joseph J. McMahon, Jr., Esq.
         CIARDI, CIARDI & ASTIN
         1204 N. King Street
         Wilmington, DE 19801
         Telephone: (302) 658-1100
         Facsimile: (302) 658-1300
         Email: dastin@ciardilaw.com
                jmclaughlin@ciardilaw.com
                jmcmahon@ciardilaw.com

            -- and --

         Jeffrey R. Gleit, Esq.
         SULLIVAN & WORCESTER LLP
         1633 Broadway
         New York, NY 10019
         Telephone: (212) 660-3000
         Facsimile: (212) 660-3001
         Email: jgleit@sandw.com

The Committee is represented by:

         Anthony M. Saccullo, Esq.
         Thomas H. Kovach, Esq.
         A. M. SACCULLO LEGAL, LLC
         27 Crimson King Drive
         Bear, Delaware 19701
         Telephone: (302) 836-8877
         Facsimile: (302) 836-8787
         Email: ams@saccullolegal.com
                kovach@saccullolegal.com

Game Over Technology Investors, LLC is represented by:

         William D. Sullivan, Esq.
         William A. Hazeltine, Esq.
         Elihu E. Allinson III, Esq.
         SULLIVAN ∙ HAZELTINE ∙ ALLINSON LLC
         901 North Market Street, Suite 1300
         Wilmington, DE 19801
         Telephone: (302) 428-8191
         Facsimile: (302) 428-8195
         Email: bsullivan@sha-llc.com
                whazeltine@sha-llc.com
                zallinson@sha-llc.com

            -- and –-

         Christopher L. Richardson, Esq.
         Davis Graham & Stubbs LLP
         1550 17th Street, Suite 500
         Denver, CO 80202
         Telephone: (303) 892-7420
         Facsimile: (303) 893-1379
         Email: chris.richardson@dgslaw.com

Liberty Grande, LLC, is represented by:

         Linda Richenderfer, Esq.
         KLEHR HARRISON HARVEY BRANZBURG LLP
         919 Market Street, Suite 1000
         Wilmington, DE 19801-3062
         Telephone: (302) 552-5513
         Facsimile: (302) 426-9193
         Email: lrichenderfer@klehr.com

            -- and –-

         Paul A. Avron, Esq.
         BERGER SINGERMAN LLP
         One Town Center Road, Suite 301
         Boca Raton, FL 33486
         Telephone: (561) 893-8703
         Facsimile: (561) 998-0028
         Email: pavron@bergersingerman.com

                      About Boomerang Systems

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

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

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

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 Committee is represented by Landis Rath &
Cobb LLP's Richard S. Cobb, Esq., Matthew B. McGuire, Esq., and
Joseph D. Wright, Esq.; and Paul Weiss Rifkind Wharton & Garrison
LLP's Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and
Adam M. Denhoff, Esq.


CANNERY CASINO: S&P Affirms 'B-' CCR, Off CreditWatch Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its
ratings on Las Vegas-based Cannery Casino Resorts LLC, including
the 'B-' corporate credit rating, and removed the ratings from
CreditWatch, where S&P had placed them with negative implications
on Oct. 1, 2015.  The rating outlook is stable.

The affirmations follow Cannery's announcement that it has entered
into an amended agreement to sell its Pennsylvania-based The
Meadows Racetrack and Casino to Gaming & Leisure Properties Inc.
(GLPI) for $440 million, inclusive of $10 million GLPI had
previously paid to Cannery, and to resolve all outstanding
litigation between itself and GLPI. Cannery intends to use all of
the net proceeds to repay debt, resulting in a meaningful reduction
in leverage.  "We believe the improvement in the company's leverage
measure will mitigate the substantial reduction in its scale and
diversity following the expected divestiture of Meadows," said
Standard & Poor's credit analyst Stephen Pagano.  It also supports
S&P's 'B-' corporate credit rating and stable rating outlook on the
company.

The stable rating outlook reflects S&P's expectation that the
Meadows sale will close in the second half of 2016 and that
expected improvement in Cannery's leverage measures will mitigate
the company's loss of scale and diversity from the Meadows
divestiture.

S&P could lower the rating if Cannery is unable to complete the
recently amended sale of Meadows to GLPI in 2016.  If this occurs,
S&P would likely conclude that the company's capital structure is
unsustainable over the long term, absent repayment of a meaningful
amount of debt.  Additionally, S&P could lower the rating if it
believed that Cannery would be unable to refinance its high-cost
second-lien debt shortly after the sale of the Meadows property
because increased interest costs could pressure the company's
discretionary cash flow generation and weaken its liquidity
position.

An upgrade is limited over the next two years, given the leverage
and coverage measures S&P expects, as well as the company's very
small scale and lack of diversity pro forma for the sale of the
Meadows property.



CARA PEYTON: Case Summary & Largest Unsecured Creditor
------------------------------------------------------
Debtor: Cara Peyton Innovations LLC
        11394 Amber Hills Court
        Fairfax, VA 22033

Case No.: 15-14429

Chapter 11 Petition Date: December 17, 2015

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

Judge: Hon. Brian F. Kenney

Debtor's Counsel: John D. Sawyer, Esq.
                  SAWYER & AZARCON, P.C.
                  10605 Judicial Dr., B-2
                  Fairfax, VA 22030
                  Tel: (703)893-0760
                  Fax: (703)273-9886
                  Email: tysonlaw111@aol.com
                         sa@sawyerazarcon.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charles Johnson, Jr., managing partner.

The Debtor listed Industrial Bank as its largest unsecured creditor
holding a claim of $781,636.

A full-text copy of the petition is available for free at:

           http://bankrupt.com/misc/vaeb15-14429.pdf


CENTRAL ENERGY: Suspending Filing of Reports with SEC
-----------------------------------------------------
Central Energy Partners LP 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 Dec. 15, 2015.

                 About Central Energy Partners

Dallas, Tex.-based Central Energy Partners LP is a publicly-traded
Delaware limited partnership.  It currently provides liquid bulk
storage, trans-loading and transportation services for hazardous
chemicals and petroleum products through its wholly-owned
subsidiary, Regional Enterprises, Inc.

Central Energy reported a net loss of $284,000 on $5.07 million of
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $521,000 on $4.75 million of revenues for the year ended
Dec. 31, 2013.

As of June 30, 2015, the Company had $7.4 million in total assets,
$9.2 million in total liabilities and a $1.8 million total
partners' deficit.

Montgomery Coscia Greilich, LLP, in Plano, Texas, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that Central has incurred
recurring losses and has a deficit in working capital that raise
substantial doubt about its ability to continue as a going concern.


CHESAPEAKE ENERGY: Fitch Lowers IDR to 'B', Outlook Negative
------------------------------------------------------------
Fitch Ratings has downgraded Chesapeake Energy Corporation's
(Chesapeake; NYSE: CHK) Long-term Issuer Default Rating to 'B' from
'BB-'.  The Rating Outlook remains Negative.

In addition, Fitch expects to rate the company's planned second
lien notes issuance 'BB-'/RR2.  Chesapeake announced the early
tender extension and upsizing of private offers of up to $3 billion
from $1.5 billion in new 8% senior secured second lien notes due
2022 in exchange for certain outstanding senior unsecured notes.
The early and late exchange offers expire on Dec. 18 and Dec. 30,
2015, respectively.  Fitch believes that the exchange offer will
help to materially reduce overall balance sheet debt, but early
tenders suggest the exchange will have limited impact on the
company's near-term maturities profile.  The exchange is also
likely to modestly decrease cash interest payments based on early
results.

The downgrade reflects the limited near-term liquidity relief
provided by the exchange and the potential for low hydrocarbon
prices (in particular the recent drop in natural gas prices to
below $2.00/mcf) to negatively impact the company's plans to raise
liquidity through asset sales.  Fitch believes asset sales are
likely to be natural gas focused given management's long-term
strategy to increase its liquids-focused production mix.
Ultimately, the company is expected to use its large, diversified
asset base to manage their medium-term operational and financial
obligations currently providing a margin of safety at the 'B'
level.  Fitch believes there is an adequate number of peer and
financially-backed E&P companies that have a considerable amount of
capital looking to be deployed for M&A.

The Negative Outlook reflects heightened asset sale execution risk,
as well as the potential for further deterioration of the company's
free cash flow (FCF) profile.  In Fitch's view, the private
exchange offer signals management's difficulty selling assets in
the current stressed hydrocarbon pricing environment to help
address forecast FCF shortfalls and debt maturities.

Fitch does not currently view the pending exchange as a distressed
debt exchange.  The exchange acceptance priority and sliding
conversion scale are not anticipated to result in a material
reduction in terms.  Furthermore, the exchange is largely
opportunistic and not necessary to avoid a near-term bankruptcy or
payment default.  The company has $1.7 billion of cash on hand as
of Sept. 30, 2015, full availability under its $4 billion secured
revolver with ample unencumbered collateral mitigating the risk of
material borrowing base reductions, and a large, diversified
reserve base, parts of which should be able to be sold off to help
improve liquidity.

KEY RATING DRIVERS

Chesapeake's ratings reflect its considerable size with an
increasingly liquids-focused production profile and proved reserves
(1p) base, solid reserve replacement history, adequate near-term
liquidity position, and strong operational execution with ongoing
improvements leading to competitive production and cost profiles.
These considerations are offset by the company's levered capital
structure, continued exposure to legacy drilling, purchase, and
overriding royalty interest obligations, natural gas weighted
profile that results in lower netbacks per barrel of oil equivalent
(boe) relative to liquid peers, and weaker realized natural gas
prices after differentials are incorporated.  In the near term, the
sharp drop in U.S. natural gas prices linked to a strong El Nino
weather pattern have also weighed on the company. Fitch recognizes,
however, that Chesapeake has made significant progress towards its
financial and operational deleveraging efforts since 2013.

The company reported year-end 2014 net proved reserves of nearly
2.5 billion boe and production of 707 thousand boe per day (mboepd;
29% liquids).  This resulted in a year-end reserve life of just
under 10 years.  Third-quarter 2015 production was 667 mboepd (28%
liquids) with declining quarterly trends mainly related to reduced
rig activity.  The Fitch-calculated one-year organic reserve
replacement rate was about 154% for year-end 2014 with an
associated finding and development (F&D) cost of approximately
$10.15 per boe.  Fitch-calculated third-quarter hedged and unhedged
cash netbacks were $7.11/boe and $2.29/boe, respectively.  Unhedged
cash netbacks have dropped 87% since year-end 2014 mainly due to
weakness in market prices and unfavorable differentials.

The increase in latest-12-month (LTM) balance sheet debt/EBITDA to
approximately 3.9x, as of Sept. 30, 2015, compared to 2.6x at year
end 2014, demonstrates the impact of lower hedged price
realizations.  Chesapeake's debt/1p reserves and debt/flowing
barrel have remained relatively steady at approximately $5.37/boe,
and $19,900, respectively.  Fitch's base case, excluding the
potential reduction in gross debt post-exchange, predicts
debt/EBITDA of approximately 5.4x and 9.7x in 2015 and 2016,
respectively.

KEY ASSUMPTIONS

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

   -- WTI oil price that trends up from $50/barrel in 2015 to a
      long-term price of $70/barrel;

   -- Henry Hub gas that trends up from $2.75/mcf in 2015 to a
      long-term price of $3.50/mcf;

   -- Production of 671 mboepd in 2015, generally consistent with
      guidance, followed by price- and cash flow-linked production

      growth;

   -- Liquids mix declines to 28% in 2015 due to lower drilling
      activity, particularly in the liquids-rich Eagle Ford basin,

      with activity focused on operationally committed and
      shorter-cycle gas-oriented plays near-term;

   -- Differentials are projected to exhibit improving trends over

      the medium term due to some Marcellus basis tightening and
      gathering cost relief;

   -- Capital spending is forecast to be $3.25 billion in 2015,
      consistent with guidance, followed by a more balanced capex
      profile thereafter;

   -- Non-core asset sales of $250 million assumed to be completed

      in 2016;

   -- No increase in long-term balance sheet debt assumed.

RATING SENSITIVITIES

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

Maintenance of size, scale, and diversification of Chesapeake's
operations with some combination of the following metrics:

   -- Mid-cycle balance sheet debt/EBITDA under 5.5x-6.0x on a
      sustained basis;

   -- Balance sheet debt/flowing barrel under $35,000 - $40,000
      and/or debt/1p below $8.00 - $8.50/boe on a sustained basis;

   -- Continued progress in materially reducing adjusted debt
      balances and simplifying the capital structure;

   -- Improvements in realized oil & gas differentials.

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

   -- Mid-cycle balance sheet debt/EBITDA above 6.5x - 7.0x on a
      sustained basis;

   -- Balance sheet debt/flowing barrel of $45,000 - $50,000
      and/or debt/1p above $9.00 - $9.50/boe on a sustained basis;

   -- An unwillingness or inability to execute asset sales, if
      necessary, to help address forecasted FCF shortfalls and
      debt maturities;

   -- A persistently weak oil & gas pricing environment that
      impairs the longer-term value of Chesapeake's reserve base;

   -- Acquisitions and/or shareholder-friendly actions
      inconsistent with the expected cash flow and leverage
      profile.

ADEQUATE NEAR-TERM LIQUIDITY POSITION

Pro forma cash & equivalents, as of Sept. 30, 2015, were nearly
$1.4 billion, considering the November 2015 repayment of $394
million in contingent convertible senior notes.  Additional
liquidity is provided by the company's recently amended $4 billion
senior secured credit facility due December 2019.  There were no
outstanding borrowings under the facility, as of Sept. 30, 2015,
with $12 million of the facility capacity used for various letters
of credit.  Fitch's base case forecasts the company will end 2015
with approximately $1.1 billion in cash & equivalents assuming the
$200 million - $300 million in planned non-core asset sales are
completed in 2016.

ESCALATING MATURITIES PROFILE

The company has an escalating maturities profile with $500 million,
$2.2 billion, $1 billion, and $1.5 billion due in 2016 - 2019.
These amounts exclude the effects of the pending exchange and
include the $1.2 billion and $347 million in contingent convertible
senior notes with holders' demand repurchase dates in May 2017 and
December 2018, respectively.  If oil & gas prices remain depressed
in the medium term, Fitch believes it is likely that the contingent
convertible senior notes holders will exercise their demand rights
for a cash repurchase given the five-year demand repurchase date
schedule and considerable spread between the current stock price
and conversion threshold.

MODIFIED FINANCIAL COVENANT PACKAGE

Financial covenants, as defined in the recently amended credit
facility agreement, consist of a maximum net debt-to-book
capitalization ratio of 65% (38% as of Sept. 30, 2015), senior
secured leverage ratio of 3.5x through 2017 and 3.0x thereafter (no
secured debt is currently outstanding), and an interest coverage
ratio of 1.1x through first quarter 2017 followed by periodic
increases to 1.25x by the end of 2017 (4.7x).  Other customary
covenants across debt instruments restrict the ability to incur
additional liens, make restricted payments, and merge, consolidate,
or sell assets, as well as change in control provisions.  The
company also has amended and increased its ability to incur junior
lien debt to up to $4 billion from $2 billion. Any junior lien
issuances could reduce revolver availability after April 15, 2016
(the first borrowing base redetermination date).

FULL LIST OF RATING ACTIONS

Fitch has downgraded these ratings:

Chesapeake Energy Corporation

   -- Long-term IDR to 'B' from 'BB-';
   -- Senior secured bank facility to 'BB/RR1from 'BB+'/RR1;
   -- Senior unsecured notes to 'B/RR4' from 'BB-/RR4';
   -- Convertible preferred stock to 'CCC+/RR6' from 'B/RR6'.

The Rating Outlook remains Negative.  Additionally, Fitch has
removed the senior unsecured notes Rating Watch Negative due to the
result of our bespoke recovery analysis and additional clarity as
to the potential size of the new second lien notes and possible
reduction in unsecured notes.

Fitch also expects to rate the senior secured second lien notes
as:

   -- Senior secured second lien notes 'BB-/RR2'.



COMMUNICATION INTELLIGENCE: Changes Name to iSIGN
-------------------------------------------------
Communication Intelligence Corporation changed its corporate name
to iSign Solutions Inc. and changed the trading symbol of its
common stock to "ISGN".  In addition, the company introduced its
new corporate logo at www.isignnow.com.  A new website is under
development.

"iSIGN, a trademark we have owned and used for over a decade,
better reflects our company's current focus, future strategy and
near term product roadmap," said Philip Sassower co-chairman and
chief executive officer for iSIGN.  "A signature, whether to
approve the terms of a contract or to authorize a payment
transaction, is at the core of what we do and of the processes
supported by our end-to-end electronic signature, biometric
authentication and simple-to-complex workflow management solutions.
We are making this change now in conjunction with a more
aggressive push into digital transaction management solutions in
the U.S. and in international markets, including in the European
Union as a function of our relationship with France-based Cegedim
S.A."

The new name and trading symbol are currently in effect.  The CUSIP
number for the company's capital stock also has changed.  The
company's board, management and employees remain unchanged. These
changes have no effect on the Company's agreements, including those
with clients, partners and vendors.

                          About iSIGN

iSIGN (formerly know as Communication Intelligence Corporation or
CIC) is a provider of digital transaction management (DTM) software
enabling fully digital (paperless) business processes. iSIGN's
solutions encompass a wide array of functionality and services,
including electronic signatures, simple-to-complex workflow
management and various options for biometric authentication.  These
solutions are available across virtually all enterprise, desktop
and mobile environments as a seamlessly integrated software
platform for both ad-hoc and fully automated transactions.  iSIGN's
software platform can be deployed both on-premise and as a
cloud-based service, with the ability to easily transition between
deployment models.  iSIGN is headquartered in Silicon Valley.  For
more information, please visit the Company's website at
www.isignnow.com. iSIGN's logo is a trademark of iSIGN.

As of June 30, 2015, the Company had $1.41 million in total assets,
$1.92 million in total liabilities and a $514,000 total deficit.

Communication Intelligence has incurred significant cumulative
losses since its inception and, at June 30, 2015, the Company's
accumulated deficit was $125,231,000.  The Company has primarily
met its working capital needs through the sale of debt and equity
securities.  As of June 30, 2015, the Company's cash balance was
$409,000.  The Company said these factors raise substantial doubt
about its ability to continue as a going concern.


CORNERSTONE HOMES: Fleet's Bid to Withdraw Reference Denied
-----------------------------------------------------------
Judge Michael A. Telesca of the United States District Court for
the Western District of New York denied the motion to withdraw
reference to the bankruptcy court filed by defendants David L.
Fleet, Tracy L. Fleet and CNY Homes Holdings, LLC.

On July 14, 2015, an adversary proceeding was jointly commenced by
the Official Committee of Unsecured Creditors of Cornerstone Homes,
Inc. and Michael H. Arnold, Chapter 11 Trustee of Cornerstone
Homes, Inc., asserting 17 causes of action against the defendants.

On August 14, 2015, the defendants filed a motion requesting that
the court exercise its discretion to permissively withdraw the
automatic reference of the adversary proceeding to the bankruptcy
court "for cause."

Judge Telesca found that the adversary proceeding involves almost
all core bankruptcy matters, which factor does not weigh in favor
of withdrawal.  The judge also found that withdrawal would not
promote judicial economy and effective case management.  As such,
Judge Telesca denied the defendants' motion, but without prejudice
to renew at a later date.

The case is THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF
CORNERSTONE HOMES, INC., and MICHAEL H. ARNOLD, CHAPTER 11 TRUSTEE
OF CORNERSTONE. HOMES, INC., Plaintiffs, v. DAVID L. FLEET, TRACY
L. FLEET, CNY HOMES HOLDINGS, LLC, OUR FAMILY GETAWAY, LLC, BUCK
HOLLOW OUTFITTERS & TREE FARM, LLC, and FIRST CITIZENS NATIONAL
BANK, Defendants. In re: CORNERSTONE HOMES, INC., Debtor, No.
6:15-cv-06484-MAT, Bankruptcy No. 2:13-21103-PRW, Adversary No.
2:15-02022-PRW (W.D.N.Y.).

A full-text copy of Judge Telesca's December 2, 2015 decision and
order is available at http://is.gd/ev5BzNfrom Leagle.com.

Official Committee of Unsecured Creditors of Cornerstone Homes,
Inc. is represented by:

          Gregory J. Mascitti, Esq.
          LECLAIRRYAN
          885 Third Avenue Sixteenth Floor
          New York, NY 10022 US
          Tel: (212) 697-6555
          Fax: (212) 986-3509
          Email: gregory.mascitti@leclairryan.com

            -- and --
          
          Michael John Crosnicker, Esq.
          LECLAIRRYAN
          2318 Mill Road Suite 1100
          Alexandria, VA 22314 US
          Tel: (703) 684-8007
          Fax: (703) 684-8075
          Email: michael.crosnicker@leclairryan.com

Michael H. Arnold is represented by:

          Michael H. Arnold, Esq.
          PLACE & ARNOLD
          27 Pleasant Street
          Fairport, NY 14450
          Tel: (585) 425-1060

David L. Fleet, Tracy L. Fleet, CNY Homes Holdings, LLC, Buck
Hollow Outfitters & Tree Farm, LLC, and Our Family Getaway, LLC are
represented by:

          David H. Ealy, Esq.
          TREVETT, CRISTO, SALZER & ANDOLINA P.C.
          2 State Street Suite 1000
          Rochester, NY 14614
          Tel: (585) 299-1945

            -- and --

          David Rothenberg, Esq.
          GEIGER AND ROTHENBERG, LLP
          800 Times Square Building
          45 Exchange Street
          Rochester, NY 14614
          Tel: (585) 232-1946
          Fax: (585) 232-4746

              About Cornerstone Homes

Cornerstone Homes Inc. is based in Corning, New York and is engaged
in the business of buying, selling and leasing single family homes
in the State of New York, with such properties primarily located in
the South Central and South Western portions of the State.

Cornerstone Homes Inc. filed a Chapter 11 petition (Bankr. W.D.N.Y.
Case No. 13-21103) on July 15, 2013, in Rochester alongside a
reorganization plan already accepted by 96 percent of unsecured
creditors' claims.

The Debtor disclosed assets of $18.6 million and liabilities of
$36.2 million.  Four secured lenders with $21.8 million in claims
are to be paid in full under the plan.  Unsecured creditors --
chiefly noteholders with $14.5 million in claims -- will have a 7
percent recovery.

Judge Paul R. Warren presides over the case.  Curtiss Alan Johnson,
Esq., and David L. Rasmussen, Esq., at Davidson Fink, LLP, in
Rochester, N.Y., serve as the Debtor's counsel.  The Debtor has
tapped GAR Associates to appraise a selection of its properties to
support the Debtor's liquidation analysis.

The Official Committee of Unsecured Creditors is represented by
Gregory J. Mascitti, Esq., at LeClairRyan PC.  The Committee
retained Getzler Henrich & Associates LLC as financial advisor.

Cornerstone Homes Inc. delivered to the Bankruptcy Court a First
Amended Plan of Reorganization and explanatory Disclosure Statement
on Jan. 3, 2014.  The Amended Plan supersedes the Plan Cornerstone
prepared prior to filing for bankruptcy.  The Debtor intends to
liquidate properties over a period of time, so as to achieve
maximum recovery for the creditors while avoiding a deleterious
effect on the housing market.  The Plan provides for a distribution
of $1 million as an Unsecured Distribution Amount.  
Owner David Fleet will pledge up to $1 million to fund
distributions under the Plan.  It also provides for the
distribution of the stock in the Reorganized Debtor to holders of
Allowed Unsecured Noteholder Claims under Class 5.  The Class 5
Claimants are expected to receive 7% plus distribution of stock on
the Distribution Date.  The Claimants are impaired and entitled to
vote on the Plan.

No hearing was slated to consider the Amended Plan documents.
Instead, the Court accepted the request of the Committee to appoint
a Chapter 11 trustee to replace management.  The Court approved the
appointment of Michael H. Arnold, Esq., as Chapter 11 trustee.  He
is represented by his law firm, Place and Arnold as his counsel.

Michael H. Arnold, Chapter 11 trustee, is represented by the firm
of Place and Arnold.  LeClairRyan and Barclay Damon LLP serve as
his special counsel.


COSO GEOTHERMAL: Fitch Affirms 'C' Rating on $629MM Certs.
----------------------------------------------------------
Fitch Ratings has affirmed Coso Geothermal Power Holdings LLC's
$629 million ($427.5 million outstanding) pass through certificates
due 2026 at 'C'.

KEY RATING DRIVERS

The rating affirmation is based on Fitch's expectation that default
appears imminent.  Technical default could occur as early as
January 2016 if Coso fails to meet certain rent payments required
under the facility lease.  The potential October 2016 expiration
and subsequent repayment of the letter of credit (LC) backing
Coso's collateral obligation under its revenue contracts presents
another near-term default risk.  Cash flow projections and
remaining reserves indicate that a payment default is likely by
early 2017.

Geothermal Resource Depletion - Supply Risk: Weaker

Underperformance of the geothermal resource has lowered net
operating capacity at the project's three interlinked geothermal
power plants.  With the decline in the geothermal resource, energy
revenues have fallen to levels that are not sufficient to meet debt
obligations.

Expected Payment Shortfalls - Debt Structure: Midrange

Fitch's projections indicate that cash available for debt service
will result in shortfalls for future payment obligations on the
fully amortizing certificates.  Approximately $17.6 million in
liquidity remains under the senior debt service reserve, which
Fitch expects to be exhausted by early 2017, if not earlier.
Potential near-term events of default under the facility lease or
power purchase agreements could cause a cross default of the
certificates.

Limited Price Risk - Revenue Risk: Midrange

Variable pricing on energy sales is limited to one-fifth of total
revenues through March 2019.  Coso earns the majority of its
revenue for its energy output through various power purchase
agreements (PPA) with off-taker Southern California Edison (SCE,
rated 'A-' with a Stable Outlook by Fitch).

Lack of Dedicated Operating Reserves - Operation Risk: Weaker

The project has no dedicated operations and maintenance or major
maintenance reserve, leaving little cushion to protect against
increased operational costs.

Peer Comparison

Coso's geothermal assets have suffered worse resource depletion
than those within the CE Generation LLC ('BB-'/Outlook Stable)
portfolio and OrCal Geothermal Inc. ('BB'/Outlook Negative),
leading to more pressured financial performance.

RATING SENSITIVITIES

Negative - Failure to meet certain obligations this year under the
facility lease or revenue contracts could result in near-term
technical default.

Negative - Payment default could occur in early 2017 if operating
cash flow and remaining reserves are insufficient to meet debt
obligations.

SUMMARY OF CREDIT

The rated certificates could be pulled into technical default as
early as January 2016 if Coso fails to make certain equity rent
payments, an obligation under the facility lease.  Fitch expects a
$580,000 shortfall on the upcoming equity rent payment due
Jan. 15, 2016.  The senior debt reserve may not be used to make up
for any equity rent shortfalls, but the owner lessors do have the
option to cure.  If not cured within 10 days of the due date, Fitch
expects the rated debt will be pulled into default.

Default could also occur if Coso fails to maintain collateral
posting required under its PPA with SCE.  Coso currently satisfies
this requirement with a $15.2 million LC with Citibank, N.A.
('A+'/Outlook Stable), which expires in October 2016.  However, the
collateral requirement is increasing and must be sized to $31.1
million by year-end 2016.  Failure to extend the LC beyond the
October expiration or failure to provide the incremental collateral
by year-end 2016 may lead to a technical default that could cross
default to the lease and lease indenture of the rated
certificates.

Based on Fitch's projections, operating cash flow and remaining
debt service reserves are expected to be sufficient to repay debt
rent obligations through 2016.  In Fitch's view, reserves are
likely to be exhausted and a payment default is likely to occur in
early 2017 due to weakened operational performance.  As of December
2015, Coso has tapped its senior reserve three times over the past
three years to meet debt payment shortfalls.  Coso drew the senior
debt reserve portion of its LC into cash in November 2014 and
continues to meet rated debt obligations using a combination of
operating cash flow and the remaining reserves. Coso utilized $10
million of the senior debt reserve to meet the January 2015
payment, leaving a reserve balance of $17.6 million. Coso has
defaulted on its obligation to repay principal on the LC's drawn
funds, but this does not constitute a default under the lease
indenture for the rated certificates.

Coso Geothermal Power Holdings, LLC is a special-purpose company
formed to lease and operate three interlinked geothermal power
plants located in Inyo County, CA.  Per the lease, cash flows from
both the Coso plants and Beowawe, an affiliated geothermal project
in Nevada, are available to service rent payments.  Rent payments
are the sole source of cash available to pay debt service on the
pass-through trust certificates.  Each tranche of the certificates
represents an undivided interest in a related pass-through trust,
which holds the lessor notes issued by the owner lessors.  The
notes are the sole collateral and source of repayment of the
certificates.



CUI GLOBAL: Shareholders Elect 7 Directors
------------------------------------------
At the Annual Meeting of Shareholders of CUI Global Inc. held on
Dec. 8, 2015, the Company's shareholders: (i) elected William J.
Clough, Thomas A. Price, Matthew M. McKenzie, Sean P. Rooney, Paul
White, Corey A. Lambrecht and Joseph A. Mills as directors;
(ii) ratified the appointment of Perkins & Company, P.C. of the BDO
Seidman Alliance as the Company's independent registered public
accounting firm for the year ending Dec. 31, 2015; and (iii)
approved, on an advisory basis, the compensation paid to the
Company's named executive officers.

                        About CUI Global

Tualatin, Ore.-based CUI Global, Inc., formerly known as Waytronx,
Inc., is a platform company dedicated to maximizing shareholder
value through the acquisition, development and commercialization
of new, innovative technologies.

CUI Global reported a consolidated net loss of $2.80 million in
2014, a consolidated net loss of $943,000 in 2013 and a
consolidated net loss of $2.52 million in 2012.

As of Sept. 30, 2015, the Company had $91.20 million in total
assets, $30.10 million in total liabilities and $61.10 million in
total stockholders' equity.


DEB STORES: Exclusive Right to File Plan Extended to March 30
-------------------------------------------------------------
Deb Stores Holding LLC obtained a court order extending the period
of time during which it alone holds the right to file a Chapter 11
plan.

The order, issued by U.S. Bankruptcy Judge Kevin Gross, extended
the company's exclusive right to propose a plan to March 30, 2016,
and solicit votes from creditors to May 25, 2016.  

The extension would prevent others from filing rival plans in court
and maintain the company's control over its bankruptcy case.  

                    About Deb Stores

Headquartered in Philadelphia, Pennsylvania, Deb Stores is a
mall-based retailer in the juniors "fast-fashion" specialty sector
that operates under the name "DEB" and offers moderately priced,
fashionable, coordinated women's sportswear, dresses, coats,
lingerie, accessories and shoes for junior and plus sizes.  The
company, founded by Philip Rounick and Emma Weiner, opened its
first store under the name JOY Hosiery in Philadelphia,
Pennsylvania in 1932.  As of Sept. 30, 2014, the Company operated a
total of 295 retail store locations (primarily in the East and
Midwest, especially Pennsylvania, Ohio and Michigan) as well as an
e-commerce channel.

On June 26, 2011, Deb Stores' predecessors -- DSI Holdings Inc. and
its subsidiaries -- sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 11-11941) and closed the sale of the assets three
months later to Ableco Finance, LLC, the agent for the first lien
lenders.

Deb Stores Holding LLC and eight affiliated companies commenced
Chapter 11 bankruptcy cases in Delaware on Dec. 4, 2014.  The
Debtors sought to have their cases jointly administered, with
pleadings maintained on the case docket for Deb Stores Holding
(Case No. 14-12676).  The cases are assigned to Judge Mary F.
Walrath.

Carl D. Neff at Delaware Bankruptcy Litigation reported that by
order dated Dec. 5, 2014, the Debtors' Chapter 11 cases were
consolidated for procedural purposes only and therefore are being
jointly administered pursuant to Bankruptcy Rule 1015(b).

Laura Davis Jones, Esq., Colin R. Robinson, Esq., at and Peter J.
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware, serve as counsel to the Debtors.  Epiq Bankruptcy
Solutions, LLC, is the claims and noticing agent.

As of Dec. 31, 2014, the Debtors' most recent audited consolidated
financial statements reflected assets totaling $90.5 million and
liabilities totaling $120.1 million.

The Official Committee of Unsecured Creditors tapped Cooley LLP as
its lead counsel; Drinker Biddle & Reath LLP as its co-counsel; and
Zolfo Cooper, LLC as its bankruptcy consultants and financial
advisors.


DOLPHIN DIGITAL: Issues $3.16 Million Convertible Note
------------------------------------------------------
Dolphin Digital Media, Inc. entered into a subscription agreement
with an investor pursuant to which the Company issued a convertible
note to the Investor in the amount of $3,164,000.

The Convertible Note becomes due and payable on the first
anniversary of its original issue date and may be prepaid in whole
or in part at any time, without penalty or premium before the
Maturity Date.  The Company at its sole option, can extend the
Maturity Date by up to six months.  The Convertible Note bears
interest on the unpaid principal balance at a rate of 10% per annum
until either (a) converted into shares of the Company's common
stock, $0.015 par value per share or (b) the outstanding principal
is paid in full by the Company.

Interest will accrue quarterly and will be payable upon any
prepayment of the Convertible Note and on the Maturity Date.  The
Convertible Note contains customary events of default, which
include, among other things, (i) the Company's failure to pay any
sum payable on the Convertible Note within the specified cure
period for such breach; (ii) the failure of the Company to maintain
its corporate existence and failure to cure within the specified
cure period for such breach; (iii) the insolvency of the Company;
and (iv) the receipt of final, non-appealable judgments. The
Company intends to use the proceeds of the offering to strengthen
its financial condition.

At any time prior to the Maturity Date, the Investor has the right,
at its option, to convert some or all of its Convertible Note into
the number of shares of Common Stock determined by dividing (a) the
aggregate sum of the (i) principal amount of the Convertible Note
to be converted, and (ii) amount of any accrued but unpaid interest
with respect to such portion of the Convertible Note to be
converted; and (b) the conversion price then in effect.  The
initial conversion price is $0.25 per share, and it may be adjusted
from time to time as described in the terms of the Convertible
Note.

The outstanding principal amount and all accrued interest of the
Convertible Note will mandatorily and automatically convert into
Common Stock upon occurrence of a triggering event.  A triggering
event means when the average market price of the Common Stock (as
defined in the Convertible Note) for the 20 trading days preceding
the date of the closing with respect to the Convertible Note is
greater than or equal to the conversion price.

                      About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.

Dolphin Digital reported a net loss of $1.87 million on $2.07
million of total revenue for the year ended Dec. 31, 2014, compared
to a net loss of $2.46 million on $2.29 million of total revenue
for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $3.07 million in total
assets, $14.3 million in total liabilities, all current, and a
total stockholders' deficit of $11.3 million.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations, negative cash flows from operations, and
does not have sufficient working capital.  These events raise
substantial doubt about the Company's ability to continue as a
going concern.


DOMINICK GALLUZZO: Fails to Exhaust Administrative Remedies
-----------------------------------------------------------
This case has a convoluted history that implicates bankruptcy and
tax law as well as the decisions of three prior courts.
Plaintiffs, Dominick and Angela Galluzzo, husband and wife,
commenced an action seeking a declaration that two IRS tax liens
should be vacated and damages awarded.  This is the fourth court
presented with the dispute between the Galluzzos and the IRS, with
prior cases having been heard in the District of New Jersey in
2012, the United States Tax Court, and the United States Court of
Appeals for the Third Circuit.

The Defendant, the United States of America, has filed a motion to
dismiss the Complaint for lack of subject matter jurisdiction and
for failure to state a claim.  The sole basis of federal
jurisdiction alleged in the Complaint is Section 7432, which
requires that parties exhaust administrative remedies prior to
filing a lawsuit.  Because the Plaintiffs have not exhausted their
remedies under the statute, jurisdiction does not exist in the
United States District Court for the District of New Jersey under
Section 7432 and the Complaint should be dismissed without
prejudice, Magistrate Judge Mark Falk ruled.

The Complaint contains two counts: (1) for a release of the liens
(Count One); and (2) damages under Section 7432 (Count Two).

Magistrate Falk held that the Plaintiffs may ultimately be correct
that the Tax Court and the Third Circuit Court of Appeals have
already found that the IRS's tax liens should be released. But the
problem is, based on the pleading presented, there is yet no
jurisdictional basis for this to be the Court to enforce that
decision.

Accordingly, in a report and recommendation dated November 4, 2015,
which is available at http://is.gd/SvP5Il,Magistrate Falk
recommended that the Defendant's motion be granted in part, and
that entire Complaint be dismissed without prejudice.

The case is DOMINICK GALLUZZO and ANGELA GALLUZZO, Plaintiffs, v.
UNITED STATES OF AMERICA, Defendant, CIVIL ACTION NO. 15-2201
(CCC).

DOMINICK GALLUZZO, Plaintiff, represented by KENNETH R. COHEN, Esq.
-- kcohen@dsrclaw.com -- DAVIDSON, SOCHOR, RAGSDALE & COHEN, LLC.

ANGELA GALLUZZO, Plaintiff, represented by KENNETH R. COHEN,
DAVIDSON, SOCHOR, RAGSDALE & COHEN, LLC.

UNITED STATES OF AMERICA, Defendant, represented by WARD W. BENSON,
U.S. DEPARTMENT OF JUSTICE.


ECOSPHERE TECHNOLOGIES: Director Quits for Personal Reasons
-----------------------------------------------------------
Jimmac Lofton notified Ecosphere Technologies, Inc., of his
resignation, effective Dec. 15, 2015, as a director of the Company
due to personal considerations.  The Company said Mr. Lofton's
decision was not due to any disagreement with the Company relating
to its operations, policies or practices.

                  About Ecosphere Technologies

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

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

As of Sept. 30, 2015, the Company had $3.03 million in total
assets, $10.4 million in total liabilities, $3.86 million in total
redeemable convertible cumulative preferred stock, and a total
deficit of $11.2 million.

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


ELBIT IMAGING: Announces Series H Notes Buyback
-----------------------------------------------
Elbit Imaging Ltd. announced that repurchases of the following
Notes was executed since the Oct. 12, 2015, to Dec. 17, 2015:

              Note:       Series H

     The Acquiring        Elbit Imaging Ltd
      Corporation:     

Quantity Purchased        55,990,543
      (Par value):

         Weighted         89.24
    Average Price:

     Total amount         49,967,999
       paid (NIS):

The Company has reached the Buy-Back plan goal and will cease the
purchase of Notes until further notice.


                        About Elbit Imaging

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

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

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

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


ELBIT IMAGING: Implements Improvements to Corporate Governance
--------------------------------------------------------------
The external examination committee established by Elbit Imaging
Ltd. to examine claims raised by Mr. Shlomi Kelsi has submitted its
recommendations to the Company.  The Committee has determined that
there is no factual basis to a considerable portion of the claims
raised by Mr. Kelesi, and recommended certain improvements to the
Company's corporate governance in specific areas.
The Company's board of directors adopted the Committee's
recommendations.  The Company already implemented the majority of
the recommended improvements.

In addition, Plaza Centers N.V., an indirect subsidiary of Elbit
Imaging Ltd., announced that all proposed resolutions were passed
at its extraordinary general meeting held Dec. 17, 2015.

                        About Elbit Imaging

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

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

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

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


ELBIT IMAGING: Units Agree to Sell Cina Property in Bucharest
-------------------------------------------------------------
Elbit Imaging Ltd. announced that its 98% holding subsidiary, S.C.
Bucuresti Turism S.A. and its indirect subsidiary, Plaza Centers
N.V. have signed a transaction for the sale of the  Cina property
in Bucharest.

The expected total consideration is EUR4 million, divided to EUR2.7
million for Plaza and EUR1.3 million for BUTU.  The expected net
proceeds, after related taxes and transaction costs, is
approximately EUR2.26 million for Plaza and approximately EUR1.3
million for BUTU.

                       About Elbit Imaging

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

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

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

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


ELKE LESSO: Court Affirms $33K Atty Fees, Costs for Fuchs
---------------------------------------------------------
The case involves consolidated appeals by Fuchs & Associates from a
dispute with Elke Lesso concerning unpaid legal fees.  Fuchs
challenges two orders awarding Lesso her attorney fees and costs on
appeal: (1) an August 21, 2013, order awarding Lesso $20,195 in
attorney fees and $997 in costs, and (2) a January 23, 2014, order
awarding Lesso $11,350 in attorney fees and $675 in costs.

Fuchs contends the orders awarding Lesso her costs and fees on
appeal must be reversed because they were entered in violation of
the automatic stay in Lesso's Chapter 7 bankruptcy proceeding and
because Lesso lost standing to pursue the fee and cost claims when
her bankruptcy case was converted from a Chapter 11 proceeding to a
Chapter 7 proceeding.  Fuchs further contends the trial court erred
by overruling evidentiary objections to the declarations submitted
by Edwards and Oh.

The Court of Appeals of California, Second District, Division Two,
affirmed the orders awarding Lesso attorney fees and costs.  The
Chapter 7 trustee for Lesso's bankruptcy estate is awarded costs on
appeal.

The case is FUCHS & ASSOCIATES, INC., Plaintiff and Appellant, v.
ELKE LESSO, Defendant; JASON M. RUND, as Trustee in Bankruptcy,
etc., Real Party in Interest and Respondent, Nos. B252232 c/w
B254116.

A full-text copy of the Decision dated December 9, 2015 is
available at http://is.gd/3SWM1Gfrom Leagle.com.

Fuchs & Associates, Inc., John R. Fuchs, Esq.  and Gail S.
Gilfillan, Esq. for Plaintiff and Appellant.

Law Office of Thomas H. Edwards and Thomas H. Edwards, Esq.  for
Real Party in Interest and Respondent.


FORTRESS TRANSPORTATION: S&P Assigns 'B' CCR; Outlook Stable
------------------------------------------------------------
Standard & Poor's Ratings Services said it assigned its 'B'
corporate credit rating to Fortress Transportation and
Infrastructure Investors LLC (FTAI).  The outlook is stable.

To assign ratings to FTAI, Standard & Poor's developed a
"rating–to-principles" approach to incorporate S&P's analysis of
an industrial company's business's risk into the rating of a
company whose primary cash flows come from leasing operations.

This rating-to-principles approach would apply to entities whose
business is mainly equipment leasing, but also to those who have
material industrial cash flows (typically more than 20% of total
expected earnings of the enterprise over the long term).  Corporate
industrial companies are included in the scope of S&P's "Corporate
Methodology", however leasing operations are excluded because the
credit factors influencing the business and financial risks of
leasing operations differ somewhat from those of industrial
corporates and equipment leasing issuers have some characteristics
of finance companies.  S&P currently assess leasing operations
under "2008 Corporate Criteria: Analytical Methodology", published
April 15, 2008.

This rating to principles approach would not apply when S&P expects
industrial cash flows to represent the majority of the consolidated
group's operations.

"The stable outlook reflects our expectation that the underlying
leasing operations will continue to provide steady cash flow, with
FFO to debt in the 20% area.  We also expect the company to have
adequate liquidity to fund its capital spending program as it
expands its infrastructure asset base," said Standard & Poor's
credit analyst Mike Llanos.

S&P could lower the rating if FTAI's leasing operations
underperformed or leveraged up such that earnings and cash flow
decline, leading to FFO to debt below 30%.  S&P could also consider
lower ratings if the industrial operations underperformed such that
Jefferson Terminal couldn't add additional contracts resulting in
adjusted debt to EBITDA in excess of 5x in 2017 and beyond.

While unlikely in the near term, S&P could consider higher ratings
if the company can successfully gain scale and/or diversify its
asset base in the leasing or industrial operations.  This could
also occur if the contract profile of the leasing operations
improve, with FTAI adding additional creditworthy counterparties
while maintaining FFO to debt at current levels.  S&P could also
consider higher ratings if FTAI successfully adds further contracts
to Jefferson Terminal, resulting in increased earnings and cash
flow such that S&P expects adjusted debt to EBITDA in that business
segment to remain below 5x on a sustained basis.



FRAC SPECIALISTS: MBF Granted $1.5-Mil. Allowed Claim
-----------------------------------------------------
Frac Specialists, LLC, and its debtor affiliates, and MB Financial
Bank, N.A., ask the U.S. Bankruptcy Court for the Northern District
of Texas, Fort Worth Division, to approve their stipulation.

As of the Petition Date, the Debtors owe a remaining balance of
$3,053,658 to MBF, including the present value of the rents of
Equipment for the remainder of the lease term, discounted at a rate
of 2% per annum.

The Debtors and MBF stipulate that MBF will have an Allowed Claim
of $1,500,000, with a remaining deficiency balance of $1,553,658,
plus interest, fees and costs due under the Master Lease and
Schedule 004.  The Debtors agreed to make monthly adequate
protection payments to MBF in no less than $12,723, which
represents 1/12 of 5% of the outstanding balance of MBF's asserted
claim as of the Petition Date.  The parties further agreed that the
Adequate Protection Payments will be made commencing December 1,
2015, and will continue on the 1st day of each consecutive month
until the earliest of March 1, 2016.

The Debtors are represented by:

         Jeff P. Prostok, Esq.
         FORSHEY & PROSTOK LLP
         777 Main Street, Ste. 1290
         Fort Worth, Texas 76102
         Telephone: (817) 877-8855
         Facsimile: (817) 877-4151
         Email: jprostok@forsheyprostok.com

MBF is represented by:

         Michael P. Menton, Esq.
         Jason M. Brown, Esq.
         SETTLE POU
         3333 Lee Parkway, 8th Floor
         Dallas, Texas 75219
         Telephone: (214) 520-3300
         Facsimile: (214) 526-4145
         Email: mmenton@settlepou.com
                jbrown@settlepou.com

            -- and --

         Sherry Lowe Johnson, Esq.
         Pro Hac Admission
         CLARK HILL PLC
         150 N. Michigan Avenue, Ste. 2700
         Chicago, IL 60601
         Telephone: (312) 985-5900
         Facsimile: (312) 985-5989
         Email: sljohnson@clarkhill.com

                 About Frac Specialists

Frac Specialists, LLC, Cement Specialists, LLC, and Acid
Specialists, LLC, are oilfield service providers serving the
exploration and production industry within the Permian Basin.
Noble Natural Resources, LLC, Javier Urias and Alex Hinojos
collectively own 100% of the membership interests in the
Companies.

The Companies sought Chapter 11 bankruptcy protection (Bankr. N.D.
Tex. Lead Case No. 15-41974), on May 17, 2015.  Larry P. Noble
signed the petitions as manager.  

On May 27, 2015, the Court directed the joint administration of
the cases.  The Debtors disclosed $61,675,313 in assets and
$57,982,488 in liabilities.

Judge Michael Lynn presides over the cases.  The Debtors tapped
Lynda L. Lankford, Esq., and Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP, as their counsel.

The U.S. Trustee appointed five creditors to serve on an
official committee of unsecured creditors.  The Committee is
represented by Mark E. Andrews, Esq., and Aaron M. Kaufman, Esq.,
at Dykema Cox Smith.


FREEDOM COMMUNICATIONS: Gets Nod for $4.5M Silver Point Loan
------------------------------------------------------------
Kurt Orzeck at Bankruptcy Law360 reported that a California federal
bankruptcy judge on Dec. 14, 2015, approved a request by Freedom
Communications, owner of the Orange County Register, to obtain a
bankruptcy financing package reportedly worth $4.5 million from
hedge fund Silver Point Capital LP, an attorney for Freedom
Communications confirmed on Dec. 15.

U.S. Bankruptcy Court Judge Mark Wallace approved Freedom
Communications' request to accept the loan from its largest
creditor so the media company could maintain its day-to-day
operations through its sale process, the Orange County Register
reported on Dec. 15.

                   About Freedom Communications

Headquartered in Santa Ana, California, Freedom Communications,
Inc., owns two daily newspapers -- The Press-Enterprise in
Riverside, Calif. and The Orange County Register in Santa Ana,
Calif.

Freedom Communications and 24 of its affiliates sought Chapter 11
bankruptcy protection in California with the intention of selling
their assets to a group of local investors led by Rich Mirman,
Freedom's chief executive officer and publisher.

Headquartered in Santa Ana, California, Freedom owns two daily
newspapers -- The Press-Enterprise in Riverside, Calif. and The
Orange County Register in Santa Ana, Calif.

Freedom Communications, Inc., et al., filed Chapter 11 bankruptcy
petitions (Bankr. C.D. Cal. Proposed Lead Case No. 15-15311) on
Nov. 1, 2015.  Richard E. Mirman signed the petition as chief
executive officer.  Lobel Weiland Golden Friedman LLP serves as
the Debtors' counsel.

Freedom Communications Holdings estimated both assets and
liabilities in the range of $10 million to $50 million.


FUSION TELECOMMUNICATIONS: Diker GP Reports 18.7% Stake
-------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Diker GP, LLC, et al., disclosed that as of Dec. 7,
2015, they beneficially owned 2,417,191 shares of common stock of
Fusion Telecommunications International, Inc., representing 18.7
percent of the shares outstanding.  A copy of the regulatory filing
is available at http://is.gd/f50YUa

                About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.,
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

Fusion incurred a net loss applicable to common shareholders of
$4.31 million in 2014, a net loss applicable to common
shareholders
of $5.48 million in 2013 and a net loss applicable to common
stockholders of $5.61 million in 2012.

As of Sept. 30, 2015, the Company had $66.9 million in total
assets, $62.5 million in total liabilities and $4.42 million in
total stockholders' equity.


GENIUS BRANDS: Amends 7.4M Shares Registration Statement
--------------------------------------------------------
Genius Brands International, Inc., has amended its registration
statement on Form S-1 relating to the public offering of up to
7,385,000 shares of its common stock by the selling stockholders,
including 3,480,000 outstanding shares and 3,905,000 shares
issuable upon exercise of outstanding warrants.

The selling stockholders may sell common stock from time to time in
the principal market on which the common stock is traded at the
prevailing market price or in negotiated transactions.

The Company will not receive any of the proceeds from the sale of
common stock by the selling stockholders.  The Company will pay the
expenses of registering these shares.

A full-text copy of the Form S-1/A is available at:

                     http://is.gd/SELxw5

                    About Genius Brands

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

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

As of Sept. 30, 2015, the Company had $16.0 million in total
assets, $4.67 million in total liabilities, and $11.3 million in
total equity.


GENIUS BRANDS: Cites Revenue Improvement in Letter to Shareholders
------------------------------------------------------------------
Genius Brands International, Inc., distributed a letter to its
shareholders via electronic mail on Dec. 16, 2015.  

"Our most recent 10Q showed material improvement in virtually every
category and metric, including licensing revenue, television
revenue, gross profit, operating expenses, accounts receivable, and
cash," says Andy Heyward, Chairman & CEO of Genius Brands.

The Company expects to have positive operational cash flows in
2016, beginning by end of Q1, and then see strong and continued
growth as each new brand comes to market.

A copy of the letter is available for free at http://is.gd/5a1ifG

                       About Genius Brands

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

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

As of Sept. 30, 2015, the Company had $16.0 million in total
assets, $4.67 million in total liabilities, and $11.3 million in
total equity.


GENOIL INC: Completes 2013 & 2014 Audited Financials
----------------------------------------------------
Genoil has recently completed its 2013 and 2014 audited financial
statements and completed the filing of the first three quarters of
2015.  During the period the company cut its annual administrative
expenses from C$2,259,499 in 2012 to C$262,495 in 2014.  This
reflects an 88% reduction over the period.

The Company executed a US$700 million joint venture contract in
January of 2015 demonstrating that the leaner budget did not
inhibit the corporation's business development.  On the contrary,
Genoil significantly increased its sales and marketing efforts. The
Company's Chinese partners Hebei Zhongjie Petrochemical have been
jointly funding the project with the Company and have spent
considerable amounts of their own money.  They have funded and
completed the feasibility study and the preparation of construction
including clearing and filling of the land, as well as the running
of utilities to the property.  Genoil and its joint partner expect
to imminently present the funding package for the project to
lending sources this month.

Genoil is one of the first companies to break into the Chinese
residue upgrading market for bottom of the barrel upgrading.  With
7% year over year imported demand growth, China is the largest
consumer in the world of crude oil.  Chinese refiners are looking
to get more transportation products, namely gasoline & diesel, out
of each barrel of crude oil and residue.  They are looking for
technologies, which can take advantage of lower cost heavier feed
stocks in order to improve their margins.  Hebei Zhongjie
Petrochemical recognizes the breakthrough of the Genoil process in
solving this industry wide problem in China.  The recently
completed feasibility study shows a 32% rate of return as of
November 2015 and demonstrates that the Genoil process is
significantly more efficient with better performance and economics
than competing processes.

"As a result of our recent contract in China, we have developed
many new business leads, and through these leads we are looking to
target the entire Chinese refining market which is 12.7 million
bpd.  Genoil is paying particular attention to the Chinese Teapot
refiners, which constitute one third of this.  We feel the Genoil
GHU can capture a large part of this huge potential market in
China.  Residue upgrading is extremely important to over eighty
percent (80%) of refineries in China who want to improve their
conversion rates," says Bruce Abbott president of Genoil.

Because of increased interest in the Genoil upgrading technology
the corporation has hired new engineering personnel and is looking
to expand its office in Canada.  The company is planning to open an
office in China to market and develop business for crude and
residue upgrading technology and hydrocarbon and water separation.
The Genoil process is very profitable at today's current oil market
price.  This gives us a big advantage over the competition.

The Company closed its private placement on Friday Dec. 11, 2015,
raising gross proceeds of $622,000 totaling 12,440,000 shares at a
price of $0.05 per unit. Each unit is comprised of one common share
of the company and one transferrable common share purchase warrant
(a warrant).  Each warrant will entitle the holder to purchase one
additional common share of the company at an exercise price of
$0.05 per share for a period of five years from the date the
Warrants were issued.

Genoil is pleased to announce that it has settled debt for
$94,208.50 for 1,884,170 common shares at a price of $0.05 USD as
part of shares for debt settlement agreements with various parties
for consulting services performed.  The shares issued in connection
with the settlement of this debt are subject to a United States six
month holding period from their date of issuance.

"We have implemented a new, more efficient and direct sales
approach, which doesn't initially involve local agents.  We are in
talks with many countries often at the highest levels of government
and their national oil companies, and we feel confident that this
new approach will bring much more fruitful and more immediate
results," says Bruce Abbott.

Genoil converted its Series A debenture to a Series F under the
same terms as the Series E whose term ends on Jan. 1, 2018.  The
Series E has been extended to Oct. 6, 2018.

                       About Genoil Inc.

Genoil Inc. is a technology development company based in Alberta,
Canada. The Company has developed innovative hydrocarbon and oil
and water separation technologies.  The Company specializes in
heavy oil upgrading, oily water separation, process system
optimization, development, engineering, design and equipment
supply, installation, start up and commissioning of services to
specific oil production, refining, marine and related markets.

Genoil, Inc. reported a net loss of C$558,516 on C$0 of revenues
for the year ended Dec. 31, 2014, compared to a net loss of C$5.72
million on C$0 of revenues for the year ended Dec. 31, 2013.

Pinaki & Associates, LLC, in Newark, DE, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations that raises a substantial doubt about its
ability to continue as a going concern.


GENOIL INC: Incurs C$169,000 Net Loss in Third Quarter
------------------------------------------------------
Genoil, Inc., reported a net loss of C$168,963 on C$0 of revenues
for the three months ended Sept. 30, 2015, compared to a net loss
of C$63,674 on C$0 of revenues for the same period in 2014.

For the nine months ended Sept. 30, 2015, the Company reported a
net loss of C$472,687 on C$0 of revenues compared to a net loss of
C$480,878 on C$0 of revenues for the same period a year ago.

As of Sept. 30, 2015, the Company had C$570,237 in total assets,
C$5.58 million in total liabilities and a $5.01 million total
stockholders' deficit.

A full-text copy of the Quarterly Report is available at:

                     http://is.gd/Dhqjcs

                       About Genoil Inc.

Genoil Inc. is a technology development company based in Alberta,
Canada. The Company has developed innovative hydrocarbon and oil
and water separation technologies.  The Company specializes in
heavy oil upgrading, oily water separation, process system
optimization, development, engineering, design and equipment
supply, installation, start up and commissioning of services to
specific oil production, refining, marine and related markets.

Genoil, Inc. reported a net loss of C$558,516 on C$0 of revenues
for the year ended Dec. 31, 2014, compared to a net loss of C$5.72
million on C$0 of revenues for the year ended Dec. 31, 2013.

Pinaki & Associates, LLC, in Newark, DE, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations that raises a substantial doubt about its
ability to continue as a going concern.


GENOIL INC: Incurs C$558,000 Net Loss in 2014
---------------------------------------------
Genoil, Inc., reported a net loss of C$558,516 on C$0 of revenues
for the year ended Dec. 31, 2014, compared to a net loss of C$5.72
million on C$0 of revenues for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had C$391,802 in total assets,
C$5.13 million in total liabilities and a C$4.74 million total
stockholders' deficit.

Pinaki & Associates, LLC, in Newark, DE, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations that raises a substantial doubt about its
ability to continue as a going concern.

A full-text copy of the Annual Report is available for free at:

                      http://is.gd/CakPA8

                        About Genoil Inc.

Genoil Inc. is a technology development company based in Alberta,
Canada. The Company has developed innovative hydrocarbon and oil
and water separation technologies.  The Company specializes in
heavy oil upgrading, oily water separation, process system
optimization, development, engineering, design and equipment
supply, installation, start up and commissioning of services to
specific oil production, refining, marine and related markets.


GENOIL INC: Reports C$107,777 Net Loss for First Quarter
--------------------------------------------------------
Genoil, Inc., reported a net loss of C$107,777 on C$0 of revenues
for the three months ended March 31, 2015, compared to a net loss
of C$153,271 on C$0 of revenues for the same period in 2014.  As of
March 31, 2015, the Company had C$440,563 in total assets, C$5.22
million in total liabilities and a $4.78 million total
stockholders' deficit.  A full-text copy of the Quarterly Report is
available at http://is.gd/vVqFpg

                     About Genoil Inc.

Genoil Inc. is a technology development company based in Alberta,
Canada. The Company has developed innovative hydrocarbon and oil
and water separation technologies.  The Company specializes in
heavy oil upgrading, oily water separation, process system
optimization, development, engineering, design and equipment
supply, installation, start up and commissioning of services to
specific oil production, refining, marine and related markets.

Genoil, Inc. reported a net loss of C$558,516 on C$0 of revenues
for the year ended Dec. 31, 2014, compared to a net loss of C$5.72
million on C$0 of revenues for the year ended Dec. 31, 2013.

Pinaki & Associates, LLC, in Newark, DE, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations that raises a substantial doubt about its
ability to continue as a going concern.


GEOMET INC: Stockholders OK Plan of Dissolution & Liquidation
-------------------------------------------------------------
GeoMet, Inc., announced that a special meeting of stockholders was
held on Dec. 10, 2015, at which the following proposals were
approved:

   * an amendment and restatement of the Certificate of
     Designations of the Company's Series A Convertible Redeemable

     Preferred Stock

   * the dissolution of the Company pursuant to a Plan of
     Dissolution and Liquidation

The Company anticipates filing a Certificate of Dissolution with
the Delaware Secretary of State dissolving the Company today with
an effective date of Dec. 21, 2015, which is the date that the
Company expects to close its stock transfer books and discontinue
recording transfers of shares of the Company's Common Stock and
Preferred Stock.

                      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.

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.


GEOMET INC: Yorktown Energy Sells 12.4M Shares to North Shore
-------------------------------------------------------------
Yorktown Energy Partners IV, L.P. and Yorktown IV Company LLC
disclosed in an amended Schedule 13D filed with the Securities and
Exchange Commission that as of Dec. 9, 2015, they ceased to
beneficially own shares of common stock of Geomet, Inc.  

On Dec. 9, 2015, Yorktown IV sold all of its 12,437,072 shares of
Common Stock of the Issuer to North Shore Energy, LLC, at a
purchase price per share of approximately $0.014, in a private
transaction pursuant to that certain Purchase and Sale Agreement by
and between Yorktown IV and North Shore.

A copy of the regulatory filing is available at:

                     http://is.gd/GxWSMW

                       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.

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.


GETTY IMAGES: S&P Raises CCR to 'CCC+', Outlook Negative
--------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on Seattle-based Getty Images Inc. to 'CCC+' from 'SD'.  The
rating outlook is negative.

In addition, S&P affirmed its 'CCC+' issue-level rating on the
company's $1.9 billion term loan B, $150 million revolver, and
$252.5 million first-lien notes.  The recovery rating remains
unchanged at '4', indicating S&P's expectation of average recovery
(30%-50%, at the higher end of the range) in the event of a payment
default.

S&P also raised its issue-level rating on the company's unsecured
notes to 'CCC-' from 'D'.  The '6' recovery rating is unchanged,
indicating S&P's expectation for negligible recovery (0%-10%) of
principal in the event of a payment default.

"The upgrade reflects Getty Images' completion of its recent
exchange offer and our subsequent reassessment of the company's
credit risk," said Standard & Poor's credit analyst Elton Cerda.
"The 'CCC+' corporate credit rating reflects our view that the
company's capital structure is unsustainable and our expectation
for low free cash flow due to continued weak operating performance
and higher interest expense associated with the recent debt
issuance."

Getty's adjusted debt leverage (already very high at 9.5x as of
Sept. 30, 2015, on a pro forma adjusted basis) is well above the 5x
threshold that Standard & Poor's associates with a "highly
leveraged" financial risk profile under S&P's criteria, and will
likely increase to almost 10x by the end of 2016 because of revenue
declines, increased marketing spending, and brand integration
cost.

Getty Images is a provider of pre-shot still and moving visual
content.  The company continues to see significant pricing and
competitive pressure on its midstock segment and may pursue
additional restructuring activities.  In 2016, S&P expects Getty
will generate close to breakeven discretionary cash flow.

Standard & Poor's could lower the rating if Getty Images' operating
performance declines faster than expected or it becomes apparent
that the company will default within the next 12 months. This
scenario could occur if planned investments do not generate
meaningful growth due to continued domestic and global competition
and weak economic conditions, causing revenue to decline more than
5% and EBITDA to drop more than 10%.

Although less likely over the next year, S&P could raise the rating
to 'B-' if Getty Images is able to improve its operating
performance, stabilize its midstock segment, and lower its leverage
to less than 6.5x.



HALCON RESOURCES: To Effect Common Stock Reverse Split
------------------------------------------------------
Halcon Resources Corporation announced a one-for-five reverse split
of its issued and outstanding common stock.  The one-for-five
reverse stock split will be effective after the market closes on
Jan. 4, 2016, and Halcon's common stock will begin trading on a
split-adjusted basis when the market opens on Jan. 5, 2016.

The Company's stockholders granted authority to the Board of
Directors, in its discretion, to effect this reverse split of
Halcón’s outstanding common stock at the Annual Meeting of
Stockholders held on May 6, 2015.

When the reverse stock split becomes effective, every five shares
of the Company's issued and outstanding common stock will
automatically be converted into one share of common stock.
Fractional shares will be rounded up to a full share of common
stock.  The reverse stock split will not impact any stockholder's
percentage ownership of Halcon or voting power, except for minimal
effects resulting from the treatment of fractional shares.
Following the reverse split, the number of outstanding shares of
the Company's common stock will be reduced by a factor of five.
There will be no change in the number of authorized shares of
common stock that Halcón has the authority to issue.

Broadridge Corporate Issuer Solutions, Inc., the Company's transfer
agent, will act as its exchange agent for the reverse stock split.
Broadridge Corporate Issuer Solutions, Inc. can be reached at (877)
830-4936.

                    About Halcon Resources

Halcon Resources Corporation acquires, produces, explores and
develops onshore liquids-rich assets in the United States.  This
independent energy company operates in the Bakken/Three Forks, El
Halcon and Tuscaloosa Marine Shale formations.

As of Sept. 30, 2015, the Company had $4.25 billion in total
assets, $3.62 billion in total liabilities, $156 million in
redeemable noncontrolling interest and $473 million in total
stockholders' equity.

                           *     *      *

As reported by the TCR on Jan. 27, 2015, Moody's Investors Service
downgraded Halcon's Corporate Family Rating to 'Caa1' from 'B3' and
the Probability of Default Rating to 'Caa1-PD' from 'B3-PD'.  The
downgrade reflects growing risk for Halcon's business profile
because of high financial leverage and limited liquidity as its
existing hedges roll-off and stop contributing to its borrowing
base over the next 12-18 months.

In September 2015, Standard & Poor's Ratings Services lowered its
corporate credit rating on Oklahoma City-based Halcon Resource
Corp. to 'SD' (selective default) from 'B-'.  "The downgrade
follows Halcon's announcement that it reached an agreement with
holders of portions of its senior unsecured notes to exchange the
notes for new senior secured third-lien notes," said Standard &
Poor's credit analyst Ben Tsocanos.


HOVNANIAN ENTERPRISES: Incurs $16.1-Mil. Net Loss in Fiscal 2015
----------------------------------------------------------------
Hovnanian Enterprises, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$16.1 million on $2.14 billion of total revenues for the year ended
Oct. 31, 2015, compared to net income of $307 million on $2.06
billion of total revenues for the year ended Oct. 31, 2014.

As of Oct. 31, 2015, the Company had $2.60 billion in total assets,
$2.73 billion in total liabilities and a $128.08 million total
stockholders' deficit.

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

                        http://is.gd/U0t0sv

                     About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under
the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton
Homes, Parkwood Builders, Town & Country Homes, Oster Homes and
CraftBuilt Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

                           *     *     *

As reported by the Troubled Company Reporter on April 25, 2013,
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Hovnanian Enterprises Inc. to 'B-' from 'CCC+'.
"The upgrade reflects strengthening operating performance
supported by the broader recovery in the housing market that, we
believe, should support modest profitability in 2013," said
Standard & Poor's credit analyst George Skoufis.

In the Dec. 9, 2013, edition of the TCR, Fitch Ratings upgraded
the Issuer Default Rating (IDR) of Hovnanian Enterprises to 'B-'
from 'CCC'.  The upgrade and the Stable Outlook reflects HOV's
operating performance year-to-date (YTD), adequate liquidity
position, and moderately better prospects for the housing sector
during the remainder of this year and in 2014.

The TCR reported on Jan. 9, 2014, that Moody's Investors Service
raised the Corporate Family Rating of Hovnanian Enterprises, Inc.,
to B3 from Caa1.  The upgrade of the Corporate Family Rating to B3
reflects Hovnanian's improved financial performance including
improvement in interest coverage to slightly above 1x and finally
turning net income positive for the fiscal year 2013.


IHEARTCOMMUNICATIONS INC: Unit Offering $225M Senior Notes
----------------------------------------------------------
Clear Channel International B.V., an indirect subsidiary of
iHeartCommunications, Inc., issued $225 million in aggregate
principal amount of 8.75% Senior Notes due 2020.

The Notes were priced at 99.012% of par and will be issued under an
indenture to be dated as of Dec. 16, 2015.  The sale of the Notes
is expected to be completed on Dec. 16, 2015, subject to customary
closing conditions.

The Notes will be guaranteed by certain of Clear Channel
International's existing and future subsidiaries.  The Company will
not guarantee or otherwise assume any liability for the Notes.  The
Notes will be senior unsecured obligations that rank pari passu in
right of payment to all unsubordinated indebtedness of Clear
Channel International, and the guarantees of the Notes will be
senior unsecured obligations that rank pari passu in right of
payment to all unsubordinated indebtedness of the Guarantors.

Clear Channel International intends to use the net proceeds of the
Notes, together with cash on hand, to make a loan in an aggregate
principal amount equal to $225 million to Clear Channel CV (an
indirect parent of Clear Channel International and a subsidiary of
the Company), which loan will be due and payable at the same time
and under the same terms as the payments under the Notes.  Clear
Channel CV intends to use the proceeds from the loan to (i) repay
the principal and accrued interest and terminate a loan due to
Clear Channel Worldwide Holdings, Inc. (an indirect parent of Clear
Channel International and a subsidiary of the Company) in an
aggregate amount equal to approximately $65.3 million, and (ii)
make a distribution of the remaining proceeds to CCWH.  CCWH
intends to use the amounts received from Clear Channel CV to make
indirect distributions to the Company, which the Company will use
to fund a special cash dividend in an aggregate amount equal to
approximately $217.8 million to its stockholders, including its
controlling stockholder, iHeartCommunications, Inc.
iHeartCommunications, Inc. may use the proceeds of the special cash
dividend for its own corporate purposes, including to repurchase or
make payments on its outstanding indebtedness.

The Notes and the related guarantees are being offered only to
"qualified institutional buyers" in reliance on the exemption from
registration pursuant to Rule 144A under the Securities Act of
1933, as amended, and to persons outside of the United States in
compliance with Regulation S under the Securities Act.  The Notes
and the related guarantees have not been registered under the
Securities Act, or the securities laws of any state or other
jurisdiction, and may not be offered or sold in the United States
without registration or an applicable exemption from the Securities
Act and applicable state securities or blue sky laws and foreign
securities laws.

                    About iHeartCommunications

iHeartCommunications, Inc., (formerly known as Clear Channel
Communications, Inc.) is a global media and entertainment company.
The Company specializes in radio, digital, outdoor, mobile,
social, live events, on-demand entertainment and information
services for local communities, and uses its unparalleled national
reach to target both nationally and locally on behalf of its
advertising partners.  The Company is dedicated to using the
latest technology solutions to transform the company's products
and services for the benefit of its consumers, communities,
partners and advertisers, and its outdoor business reaches over 40
countries across five continents, connecting people to brands
using innovative new technology.

iHeartCommunications reported a net loss attributable to the
Company of $794 million in 2014, compared with a net loss
attributable to the Company of $607 million in 2013.

                         Bankruptcy Warning

"We and our subsidiaries may not generate cash flow from operations
in an amount sufficient to fund our liquidity needs.  We anticipate
cash interest requirements of approximately $1.6 billion during
2015.  At December 31, 2014, we had debt maturities totaling $3.6
million, $1,126.9 million (net of $57.1 million due to a subsidiary
of ours), and $8.2 million in 2015, 2016, and 2017, respectively.
We are currently exploring, and expect to continue to explore, a
variety of transactions to provide us with additional liquidity.
We cannot assure you that we will enter into or consummate any such
liquidity-generating transactions, or that such transactions will
provide sufficient cash to satisfy our liquidity needs, and we
cannot currently predict the impact that any such transaction, if
consummated, would have on us."

"The ability to refinance the debt will depend on the condition of
the capital markets and our financial condition at such time.  Any
refinancing of the debt could be at higher interest rates and
increase debt service obligations and may require us and our
subsidiaries to comply with more onerous covenants, which could
further restrict our business operations.  The terms of existing or
future debt instruments may restrict us from adopting some of these
alternatives.  These alternative measures may not be successful and
may not permit us or our subsidiaries to meet scheduled debt
service obligations.  If we or our subsidiaries cannot make
scheduled payments on indebtedness, we or our subsidiaries, as
applicable, will be in default under one or more of the debt
agreements and, as a result we could be forced into bankruptcy or
liquidation," the Company stated in its 2014 Annual  Report.

                           *     *     *

In May 2013, Moody's Investors Service said that Clear Channel's
upsize of the term loan D to $4 billion from $1.5 billion will not
impact the Caa1 facility rating assigned.  Clear Channel's
Corporate Family Rating is unchanged at Caa2.  The outlook remains
stable.

As reported by the TCR on May 21, 2013, Standard & Poor's Ratings
Services announced that its issue-level rating on San
Antonio, Texas-based Clear Channel's senior secured term loan
remains unchanged at 'CCC+' following the company's upsize of the
loan to $4 billion from $1.5 billion.  The rating on parent
company CC Media Holdings remains at 'CCC+' with a negative
outlook, which reflects the risks surrounding the long-term
viability of the company's capital structure.

As reported by the TCR on Feb. 4, 2015, Fitch Ratings has affirmed
the Issuer Default Rating (IDR) of iHeartCommunications, Inc.
(iHeart) at 'CCC'.


INTERLEUKIN GENETICS: President to Get $360,000 Annual Salary
-------------------------------------------------------------
Interleukin Genetics, Inc., entered into a new employment agreement
with Kenneth S. Kornman, the Company's president and chief
scientific officer.  The Agreement is effective as of Dec. 1, 2015,
and replaces the Employment Agreement, dated Nov. 12, 2008, as
amended on March 31, 2012, and Nov. 29, 2012, which terminated by
its terms on Nov. 30, 2015.

Pursuant to the Agreement, Dr. Kornman will receive an annual base
salary of $360,000 per year and is eligible to receive an annual
bonus at a target amount of up to 35% of his base salary.  Under
the terms of the Agreement, Dr. Kornman has been granted options to
purchase up to 400,000 shares of the Company's common stock at an
exercise price of $0.07 per share (the closing price of the common
stock on Dec. 14, 2015).  The Options will vest over four years
with 1/48th of the shares to vest on the first day of each
successive month beginning Jan. 1, 2016, provided that he remains
employed by Company on the vesting date.  In addition, if at any
time within 90 days prior to or 12 months following a Change in
Control (as defined in the Agreement), Dr. Kornman is terminated
without Cause (as defined in the Agreement), the Options will vest
in full as of the date of such termination.

The Agreement also provides that if Dr. Kornman's employment with
the Company is terminated by the Company without Cause, subject to
his execution of a release of claims agreement acceptable to the
Company, he will be entitled to severance payments equal to 6
months of base salary.

                       About Interleukin

Waltham, Mass.-based Interleukin Genetics, Inc., is a personalized
health company that develops unique genetic tests to provide
information to better manage health and specific health risks.

As of Sept. 30, 2015, the Company had $7.90 million in total
assets, $8.74 million in total liabilities and a total
stockholders' deficit of $845,000.

Grant Thornton LLP, in Boston, Massachusetts, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014, citing that the
Company has incurred recurring losses from operations and has an
accumulated deficit that raise substantial doubt about the
Company's ability to continue as a going concern.


ISIGN SOLUTIONS: Has Public Offering of Common Shares
-----------------------------------------------------
iSign Solutions Inc. filed a registration statement with the U.S.
Securities and Exchange Commission to issue shares of common stock.
iSIGN intends to use the net proceeds from the offering to expand
its sales and marketing efforts, increase its product offerings,
repay debt and for working capital and general corporate purposes.
In connection with the offering, iSIGN has applied to have its
common stock listed on the NASDAQ Capital Market under the symbol
"ISGN".

iSIGN also has filed preliminary proxy materials with the SEC
pursuant to which it is seeking stockholder approval of a reverse
stock split of its outstanding common stock and certain matters
relating to the conversion of all its preferred stock into common
stock.  A special committee of the company's board of directors and
the entire board of directors has approved unanimously the terms of
the proposed reverse stock split and matters relating to the
reduction of the conversion price of each series of its outstanding
preferred stock.

A Registration Statement on Form S-1, including a preliminary
prospectus, related to the offering was filed with the SEC on
Dec. 17, 2015, but has not yet become effective.  These securities
may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective.

                            ABOUT iSIGN

iSIGN (formerly known as Communication Intelligence Corporation or
CIC) is a provider of digital transaction management (DTM) software
enabling fully digital (paperless) business processes. iSIGN's
solutions encompass a wide array of functionality and services,
including electronic signatures, simple-to-complex workflow
management and various options for biometric authentication.  These
solutions are available across virtually all enterprise, desktop
and mobile environments as a seamlessly integrated software
platform for both ad-hoc and fully automated transactions.  iSIGN's
software platform can be deployed both on-premise and as a
cloud-based service, with the ability to easily transition between
deployment models.  iSIGN is headquartered in Silicon Valley.  For
more information, please visit the Company's Web site at
www.isignnow.com.  iSIGN's logo is a trademark of iSIGN.

As of Sept. 30, 2015, Communication Intelligence had $1.36 million
in total assets, $2.28 million in total liabilities and a $924,000
total deficit.

Communication Intelligence has incurred significant cumulative
losses since its inception and, at June 30, 2015, the Company's
accumulated deficit was $125,231,000.  The Company has primarily
met its working capital needs through the sale of debt and equity
securities.  As of June 30, 2015, the Company's cash balance was
$409,000.  The Company said these factors raise substantial doubt
about its ability to continue as a going concern.


ISIGN SOLUTIONS: Obtains $268,000 Loans From Investors
------------------------------------------------------
iSign Solutions Inc. completed on Dec. 15, 2015, a second closing
of funding round, and entered into a Note Purchase Agreement with
certain investors.

Under the terms of the Purchase Agreement, the Company received
loans in the aggregate amount of approximately $268,000 from the
Investors in exchange for the Company's issuance to each of the
Investors an unsecured convertible promissory note equal to the
principal amount of such Investor's loan to the Company.  The Notes
bear interest at the rate of 24% per annum, and have a maturity
date of Aug. 25, 2016.  The Notes may be converted by their terms
at the option of Investors into securities of the Company.

The Company may use any funds received from the Investor to make
payments on the Company's existing indebtedness and accrued
interest on that indebtedness, for working capital and general
corporate purposes, in each case in the ordinary course of
business, and to pay fees and expenses in connection with the
Company's entry into the Purchase Agreement.

In addition, Investors who participated in the financing and who
were holding outstanding but unexercised warrants to purchase
shares of Common Stock due to expire Dec. 31, 2016, on account of
their participation in the Company's prior financing transactions
also are entitled to receive warrants as a result of their
participation in the financing.  Those warrants are to be issued
promptly once the prior warrants held by those Investors expire,
will have the same exercise price as the prior warrants, and will
be exercisable for a period of two years from Jan. 1, 2017, until
Dec. 31, 2018.  The Company expects to issue warrants to purchase
an aggregate of 2,327,270 shares of Common Stock in connection with
the financing.

               Transactions With Related Persons

SG Phoenix LLC assisted the Company in negotiating with Michael
Engmann the term sheet for the transaction, the terms of which were
approved by a Special Committee of the Board of Directors comprised
of disinterested directors, as well as the entire Board of
Directors.  SG Phoenix LLC is the management company of Phoenix
Venture Fund LLC, the Company's largest stockholder, which has
participated in several of the Company's previous financing
transactions.  Philip Sassower and Andrea Goren are the co-managers
of SG Phoenix LLC, and are also the Company's chief executive
officer and chief financial officer, respectively.  Messrs.
Sassower and Engmann are co-chairmen of the Board of Directors, and
Mr. Goren is also a member of the Company's Board of Directors and
the Company's corporate secretary.

                            ABOUT iSIGN

iSIGN (formerly known as Communication Intelligence Corporation or
CIC) is a provider of digital transaction management (DTM) software
enabling fully digital (paperless) business processes. iSIGN's
solutions encompass a wide array of functionality and services,
including electronic signatures, simple-to-complex workflow
management and various options for biometric authentication.  These
solutions are available across virtually all enterprise, desktop
and mobile environments as a seamlessly integrated software
platform for both ad-hoc and fully automated transactions.  iSIGN's
software platform can be deployed both on-premise and as a
cloud-based service, with the ability to easily transition between
deployment models.  iSIGN is headquartered in Silicon Valley.  For
more information, please visit the Company's Web site at
www.isignnow.com.  iSIGN's logo is a trademark of iSIGN.

As of Sept. 30, 2015, Communication Intelligence had $1.36 million
in total assets, $2.28 million in total liabilities and a $924,000
total deficit.

Communication Intelligence has incurred significant cumulative
losses since its inception and, at June 30, 2015, the Company's
accumulated deficit was $125,231,000.  The Company has primarily
met its working capital needs through the sale of debt and equity
securities.  As of June 30, 2015, the Company's cash balance was
$409,000.  The Company said these factors raise substantial doubt
about its ability to continue as a going concern.


KEMET CORP: Rama Marda Has 5.6% Stake as of Dec. 15
---------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Rama S Marda disclosed that as of Dec. 15, 2015, she
beneficially owns 2,584,144 shares of common stock of Kemet
Corporation, representing 5.6 percent of the shares outstanding.  A
copy of the regulatory filing is available for free at:

                     http://is.gd/s4QMsI

                         About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

As of Sept. 30, 2015, the Company had $739 million in total assets,
$609 million in total liabilities, and $130 million in total
stockholders' equity.

                           *     *     *

As reported by the TCR on March 26, 2013, Moody's Investors
Service downgraded KEMET Corp.'s Corporate Family Rating to 'Caa1'
from 'B2' and the Probability of Default Rating to 'Caa1-PD' from
'B2- PD' based on Moody's expectation that KEMET's liquidity will
be pressured by maturing liabilities and negative free cash flow
due to the interest burden and continued operating losses at the
Film and Electrolytic segment.

As reported by the TCR on Aug. 9, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on KEMET to 'B-' from
'B+'.  "The downgrade is based on continued top-line and margin
pressures and lagging results from the restructuring of the Film &
Electrolytic [F&E] business, which combined with cyclical weak
end-market demand, has resulted in sustained, elevated leverage
well in excess of 5x, persistent negative FOCF, and diminishing
liquidity," said Standard & Poor's credit analyst Alfred
Bonfantini.

The TCR reported in August 2014 that S&P revised its outlook on
KEMET to 'stable' from 'negative'.  S&P affirmed the ratings,
including the 'B-' corporate credit rating.


LATTICE INC: Closes Purchase of Preferred Shares From Barron
------------------------------------------------------------
As previously disclosed in its Quarterly Report on Form 10-Q for
the quarter ended Sept. 30, 2015, on Nov. 2, 2015, Lattice
Incorporated entered into agreements with Barron Partners LP
pursuant to which the Company agreed to purchase from Barron all of
the securities of the Company owned by Barron, namely 2,239,395
shares of the Company's common stock, 3,589,488 shares of the
Company's Series A Convertible Preferred Stock, 520,000 shares of
the Company's Series C Convertible Preferred Stock, and 590,910
shares of the Company's Series D Convertible Preferred Stock for
$74,466, $461,502, $188,577 and $425,455, respectively.  The
Company closed on the purchase of all such securities except for
the common shares on Nov. 30, 2015, and no further purchases may be
made after such date.

As previously disclosed in its Quarterly Report on Form 10-Q for
the quarter ended Sept. 30, 2015, on Nov. 2, 2015, the Company
entered into a Loan and Security Agreement with Cantone Asset
Management, LLC, pursuant to which Cantone agreed to loan the
Company a gross amount of $580,000, less an original issue discount
of $58,000, of which $136,800 (plus interest) would be used to pay
off an outstanding bridge loan to Cantone.  The closing of the
transactions contemplated by the Loan Agreement was contingent on
the Company raising sufficient funds, when added with the net
proceeds of the Loan, to repurchase all of the securities pursuant
to the terms of the Barron Agreement.  The funds were released from
escrow on Nov. 30, 2015, to permit the purchase of the preferred
stock from Barron.

The Company is obligated to issue 1,862,500 shares of its common
stock to Cantone pursuant to the Loan Agreement, and will pay
Cantone a 3% origination fee and a 2% non-accountable expense
allowance.  The Loan is secured by a first priority security
interest in the revenues and proceeds from certain of the Company's
contracts.  In connection with the Loan Agreement and the
transactions contemplated thereby, the Company issued a promissory
note in the aggregate principal amount of $580,000 to Cantone.  The
Note will not begin to bear interest until Feb. 6, 2015, at which
point it will bear interest at a rate of 14% per year.  The Note
will mature on May 2, 2016.  The Note provides for customary events
of default, including the failure to pay any amount due under the
Note on the applicable due date (subject to a cure period),
defaulting on any other indebtedness by the Company, the Company
becoming insolvent, or the company filing for voluntary bankruptcy.
In the event of a default, the interest rate on the Note would
increase to 18% per year and the Company would be obligated to pay
10% of the total amount due as liquidated damages.

Cantone received piggy-back registration rights for the shares
issued in connection with the Loan.

As previously disclosed in the Quarterly Report on Form 10-Q for
the quarter ended Sept. 30, 2015, on Nov. 2, 2015, and Nov. 3,
2015, pursuant to the terms of a Securities Purchase Agreement
dated Nov. 2, 2015, the Company sold an aggregate of 11,570,000
shares of its common stock under subscription agreements to 15
accredited investors for aggregate gross proceeds of $416,520.
Between November 6 and Dec. 3, 2015, the Company sold an additional
9,075,000 shares of its common stock under subscription agreements
to 26 accredited investors for additional gross proceeds of
$326,700 (an aggregate of $743,220 in gross proceeds). No further
purchases may be made under the Placement Agreement.

In connection with the sale of the shares, the Company will pay an
aggregate placement agent fee of $30,861 in cash to Boenning &
Scattergood, Inc. and will issue B&S warrants to purchase 514,340
shares of the Company's common stock at the price of $0.036 per
share.  The investors were granted piggyback registration rights in
connection with the Placement Agreement.  The net proceeds of the
transaction were used to purchase the securities owned by Barron
pursuant to the Purchase Agreement.  The securities will be issued
pursuant to Section 4(a)(2) of the Securities Act of 1933, as
amended, as the transactions will not involve a public offering.

The 1,862,500 shares of the Company's common stock to be issued to
Cantone will be issued pursuant to Section 4(a)(2) of the
Securities Act of 1933, as amended, as the transaction did not
involve a public offering.

                        About Lattice Inc.

Pennsauken, New Jersey-based Lattice Incorporated provides
telecommunications services to correctional facilities and
specialized telecommunication service providers in the United
States.

Lattice Inc. reported a net loss of $1.8 million on $8.94 million
of revenue for the year ended Dec. 31, 2014, compared to a net loss
of $1 million on $8.26 million of revenue in 2013.

As of Sept. 30, 2015, the Company had $4.88 million in total
assets, $8.84 million in total liabilities and a total
shareholders' deficit of $3.96 million.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2014, noting that
the Company has a working capital deficit and requires additional
working capital to meet its current liabilities.  The auditors said
these factors raise substantial doubt about the Company's ability
to continue as a going concern.


MAGNETATION LLC: OK'd to Employ PJT Partners as Investment Banker
-----------------------------------------------------------------
The Hon. Gregory F. Kishel of the U.S. Bankruptcy Court for the
District of Minnesota authorized Magnetation LLC, et al., to,
assign the engagement letter, dated Jan. 18, 2015, between the
Company and Blackstone Advisory Partners L.P., as investment
banker, to PJT Partners LP, pursuant to the assignment and
assumption agreement, dated as of Oct. 1, 2015, among Blackstone,
PJT and the Company.

Judge Kishel authorized the Debtors to employ PJT as investment
banker.

To the best of the Debtor's knowledge, PJT is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The fees and expenses payable to PJT pursuant to the Engagement
Letter will be subject to review pursuant to the standards set
forth in the original order.

                      About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint   
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).
Magnetation LLC recovers high-quality iron ore concentrate from
previously abandoned iron ore waste stockpiles and tailings
basins.
Magnetation LLC owns iron ore concentrate plants located in
Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.  

Magnetation LLC and four subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. D. Minn. Lead Case No. 15-50307) in Duluth,
Minnesota, on May 5, 2015, after reaching a deal with secured
noteholders on a balance sheet restructuring.  The cases are
assigned to Chief Judge Gregory F Kishel.

The Debtors have tapped Davis Polk & Wardwell LLP and Lapp, Libra,
Thomson, Stoebner & Pusch, Chtd., as attorneys; Blackstone
Advisory
Partners LP as financial advisor; and Donlin, Recano & Company,
Inc., as the claims agent.

The Debtor's exclusive period for filing a plan and disclosure
statement ends Sept. 2, 2015.

The U.S. Trustee for Region 12 appointed three creditors of
Magnetation LLC to serve on an official committee of unsecured
creditors.


MAGNUM HUNTER: Court Directs Joint Administration of Cases
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered an
order directing the joint administration of the Chapter 11 cases of
Magnum Hunter Resources Corporation, et al., under the Lead Case
No. 15-12533, upon the Debtors' request.

The Debtors are authorized to maintain, and the Clerk of the Court
will keep, one consolidated docket, one file, and one consolidated
service list for the Chapter 11 cases.

"Given the integrated nature of the Debtors' operations, joint
administration of these chapter 11 cases will provide significant
administrative convenience without harming the substantive rights
of any party in interest," Laura Davis Jones, Esq., at Pachulski
Stang Ziehl & Jones LLP, said.  She added that the entry of an
order directing joint administration of these Chapter 11 cases will
reduce fees and costs by avoiding duplicative filings
and objections.  

                      About Magnum Hunter

Irving, Texas-based Magnum Hunter Resources Corporation is
an oil and gas company that primarily engaged, through its
subsidiaries, in the acquisition, development, and production of
oil and natural gas reserves in the United States.

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
15-12533) on Dec. 15, 2015.  The petition was signed by Gary C.
Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.


MAGNUM HUNTER: Court OKs Prime Clerk as Claims & Noticing Agent
---------------------------------------------------------------
Magnum Hunter Resources Corporation sought and obtained permission
from the Bankruptcy Court to employ Prime Clerk LLC as their claims
and noticing agent, effective nunc pro tunc to the Petition Date,
to, among other things, assume full responsibility for the
distribution of notices and the maintenance, processing, and
docketing of proofs of claim filed in the Debtors' Chapter 11
cases.

Prime Clerk will serve as the custodian of court records and will
be designated as the authorized repository for all proofs of claim
filed in the Debtors' Chapter 11 cases and is authorized and
directed to maintain official claims registers for each of the
Debtors and to provide the Clerk with a certified duplicate thereof
upon the request of the Clerk.

Although the Debtors have not yet filed their schedules of assets
and liabilities, they anticipate that there will be in excess of
30,000 entities to be noticed, many of which are expected to file
proofs of claim.

"Given the number of creditors and other parties in interest
involved in these chapter 11 cases, the Debtors seek an order
appointing Prime Clerk as the notice and claims agent in these
chapter 11 cases ... to relieve this Court and the Clerk's Office
of administrative burdens," said Gary C. Evans, the Company's CEO.

Prime Clerk's claim and noticing rates are:

      Title                           Hourly Rate
      -----                           -----------
      Analyst                           $30-$45
      Senior Analyst                    $55-$75
      Technology Consultant             $75-$95
      Consultant/Case Manager           $80-$150
      Senior Consultant/Director       $145-$190
      Solicitation Consultant            $185
      Director of Solicitation           $200

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $40,000.

Prime Clerk represents it is a "disinterested person" as that term
is defined in Section 101(14) of the Bankruptcy Code with respect
to the matters upon which it is engaged.

                      About Magnum Hunter

Irving, Texas-based Magnum Hunter Resources Corporation is
an oil and gas company that primarily engaged, through its
subsidiaries, in the acquisition, development, and production of
oil and natural gas reserves in the United States.

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
15-12533) on Dec. 15, 2015.  The petition was signed by Gary C.
Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.


MAGNUM HUNTER: December 23 Meeting Set to Form Creditors' Panel
---------------------------------------------------------------
Andy Vara, Acting United States Trustee of Region 3, will hold an
organizational meeting on December 23, 2015, at 11:00 a.m. in the
bankruptcy case of Magnum Hunter Resources Corporation, et al.

The meeting will be held at:
        
         The DoubleTree Hotel
         700 King St., Salon C
         Wilmington, DE 19801

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee.

Section 1103 of the Bankruptcy Code provides that the Committee may
consult with the debtor, investigate the debtor and its business
operations and participate in the formulation of a plan of
reorganization.  The Committee may also perform other services as
are in the interests of the unsecured creditors whom it
represents.




MAGNUM HUNTER: Gets Interim Approval of $200M DIP Financing
-----------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Magnum Hunter Resources Corporation, et al., to obtain, on an
interim basis, secured postpetition financing of up to $200,000,000
in the form of multiple delayed draw term loan.  Cantor Fitzgerald
Securities serves as the administrative agent and collateral agent
of the lenders.

The Debtors said that, as of the Petition Date, their total cash
balance is approximately $2.2 million, which is insufficient to
operate their enterprise and continue paying their debts as they
come due.

"Without prompt postpetition financing and access to cash
collateral, the Debtors will be unable to pay wages for their
employees, preserve and maximize the value of their estates, and
administer these chapter 11 cases, causing immediate and
irreparable harm to the value of the Debtors' estates to the
detriment of all stakeholders," said Laura Davis Jones, Esq., at
Pachulski Stang Ziehl & Jones LLP, attorney for the Debtors.

The DIP Financing Facility will include loans to be advanced and
made available to the Borrower as follows:

  * $40 million to be made available on the date the Court enters
    the Interim DIP Order;

  * $100 million to be made available on the date the Court enters
    the Final DIP Order; and

  * $60 million to be made available upon the occurrence of
    certain conditions.

The term of the DIP Financing Facility will mature on the earliest
to occur of (i) of nine months after the closing date of the DIP
Financing Facility, (ii) 31 days after entry by the Court of the
Interim DIP Order, if the Final DIP Order has not been entered by
the Court prior to the expiration of such 30-day period, (iii) the
effective date of a plan of reorganization or liquidation in the
Bankruptcy Cases, (iv) the consummation of a sale of all or
substantially all of the assets of the Borrower and its
subsidiaries pursuant to Section 363 of the Bankruptcy Code, or (v)
the date of termination of the DIP Financing Lenders'
Commitments and the acceleration of any outstanding extensions of
credit, in each case, under the DIP Facility in accordance with the
terms of the DIP Financing Documents.

Loans under the DIP Facility bear an interest rate of LIBOR plus
8.0 percent, with a LIBOR floor of 1.0 percent (plus 2.0 percent
upon default).

The Court also authorized the Debtors to use cash collateral and
provide adequate protection to the prepetition secured parties, on
an interim basis.

The final hearing will be held on Jan. 11, 2016, at 1:00 p.m.

A copy of the Interim DIP Order is available for free at:

      http://bankrupt.com/misc/75_MAGNUM_InterimOrdDIP.pdf

                      About Magnum Hunter

Irving, Texas-based Magnum Hunter Resources Corporation is
an oil and gas company that primarily engaged, through its
subsidiaries, in the acquisition, development, and production of
oil and natural gas reserves in the United States.

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
15-12533) on Dec. 15, 2015.  The petition was signed by Gary C.
Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.


MAGNUM HUNTER: Obtains Interim OK of Stock Transfer Procedures
--------------------------------------------------------------
The Bankruptcy Court approved, on an interim basis, notification
and hearing procedures for certain transfers of common stock and
preferred stock of Magnum Hunter Resources Corporation, et al.

The Procedures are the mechanism by which the Debtors can monitor,
and, if necessary, object to, certain transfers of Common Stock or
any class of Preferred Stock and ensure preservation of the Tax
Attributes.

As of Dec. 31, 2014, the Debtors estimate that they have net
operating losses in the amount of approximately $642 million and
Capital Losses in the amount of approximately $204 million,
translating to potential future tax savings of approximately $320
million.  The Tax Attributes are of significant value to the
Debtors and their estates because the Debtors can carry forward
their Tax Attributes to offset their future taxable income for up
to 20 years, thereby reducing their future aggregate tax
obligations.  In addition, such Tax Attributes may be utilized by
the Debtors to offset any taxable income generated by transactions
consummated during these chapter 11 cases.  The value of the Tax
Attributes will inure to the benefit of all of the Debtors'
stakeholders.

Sections 382 and 383 of the IRC limit the amount of taxable income
that can be offset by a corporation's NOLs and Capital Losses in
taxable years following an ownership change.  Generally, an
"ownership change" occurs if the percentage (by value) of the stock
of a corporation owned by one or more 5% shareholders has increased
by more than 50 percentage points over the lowest percentage of
stock owned by such shareholders at any time during the three-year
testing period ending on the date of the ownership change.
  
                       Approved Procedures

a. Any entity who currently is or becomes a Substantial
   Shareholder must file with the Court, and serve upon: (i) the
   Debtors, Magnum Hunter Resources Corporation, 909 Lake Carolyn
   Parkway, Suite 600, Irving, Texas 75039, Attn: Paul Johnston;
  (ii) proposed counsel to the Debtors, Kirkland &Ellis LLP, 601   

   Lexington Avenue, New York, New York 10022, Attn: Edward O.
   Sassower, P.C. and Brian E. Schanz, and Kirkland &Ellis LLP,
   300 North LaSalle Street, Chicago, Illinois 60654, Attn: Justin
   R. Bernbrock and Alexandra Schwarzman; (iii) proposed co-
   counsel to the Debtors, Pachulski Stang Ziehl &Jones LLP, 919
   North Market Street, 17th Floor, P.O. Box 8705, Wilmington,
   Delaware 19899-8705 (Courier 19801), Attn: Laura Davis Jones;
  (iv) the Office of the United States Trustee for the District of
   Delaware, Caleb Boggs Federal Building, 844 King Street, Suite
   2207, Lockbox 35, Wilmington, Delaware 19801, Attn: Juliet
   Sarkessian, Esq.; (v) the official committee of unsecured
   creditors (if any) appointed in these chapter 11 cases and
   their counsel; (vi) counsel to the agent under the Debtors'
   first lien credit facility, Shipman &Goodwin LLP, One
   Constitution Plaza, Hartford, Connecticut 06103, Attn: Nathan
   Z. Plotkin; (vii) counsel to the agent under the Debtors'
   second lien credit facility, Latham &Watkins LLP, 811 Main
   Street, Suite 3700, Houston, Texas 77002, Attn: J. Michael
   Chambers; (viii) counsel to the ad hoc group of second lien
   lenders, Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New
   York, New York 10153, Attn: Joseph Smolinsky and Gary Holtzer;
  (ix) counsel to the indenture trustee under the Debtors' 9.75%
   senior unsecured notes due 2020, Latham &Watkins LLP, 811 Main
   Street, Suite 3700, Houston, Texas 77002, Attn: J. Michael
   Chambers; (x) counsel to the ad hoc group of senior unsecured
   noteholders, Akin Gump Strauss Hauer &Feld LLP, One Bryant
   Park, Bank of America Tower, New York, New York 10036, Attn:
   Michael Starner and Arik Preis; (xi) counsel to the agent under

   the Debtors' debtor-in-possession credit facility, Shipman
   &Goodwin LLP, One Constitution Plaza, Hartford, Connecticut
   06103, Attn: Nathan Z. Plotkin; and (xii) to the extent not
   listed herein, those parties requesting notice pursuant to
   Bankruptcy Rule 2002, a declaration of such status on or before
   the later of (A) 30 calendar days after the date of the Notice
   of Interim Order (as defined herein), or (B) 10 calendar days
   after becoming a Substantial Shareholder.

b. Prior to effectuating any transfer of Beneficial Ownership of
   Common Stock or any class of Preferred Stock that would result
   in an increase in the amount of Common Stock or any class of
   Preferred Stock of which a Substantial Shareholder has
   Beneficial Ownership or would result in an entity or individual

   becoming a Substantial Shareholder, such Substantial
   Shareholder or potential Substantial Shareholder must file with
   the Court, and serve upon the Notice Parties, an advance
   written declaration of the intended transfer of Common Stock or
   any class of Preferred Stock.

c. Prior to effectuating any transfer of Beneficial Ownership of
   Common Stock or any class of Preferred Stock that would result
   in a decrease in the amount of Common Stock or any class of
   Preferred Stock of which a Substantial Shareholder has
   Beneficial Ownership or would result in an entity or individual
   ceasing to be a Substantial Shareholder, such Substantial
   Shareholder must file with the Court, and serve upon the Notice

   Parties, an advance written declaration of the intended
   transfer of Common Stock or any class of Preferred Stock.

d. The Debtors, the Second Lien Lenders, and the Unsecured
   Noteholders will have 15 calendar days after receipt of a
   Declaration of Proposed Transfer to file with the Court and
   serve on such Substantial Shareholder or potential Substantial
   Shareholder an objection to any proposed transfer of Beneficial
   Ownership of Common Stock or any class of Preferred Stock
   described in the Declaration of Proposed Transfer on the
   grounds that such transfer might adversely affect the Debtors'
   ability to utilize their Tax Attributes.  If the Debtors, the
   Second Lien Lenders, or the Unsecured Noteholders file an
   objection, such transaction will remain ineffective unless such
   objection is withdrawn by the Debtors, the Second Lien Lenders,
   or the Unsecured Noteholders, as applicable, or such
   transaction is approved by a final and nonappealable order of
   the Court.  If the Debtors, the Second Lien Lenders, or the
   Unsecured Noteholders do not object within such 15-day period,
   such transaction can proceed solely as set forth in the
   Declaration of Proposed Transfer.

e. For purposes of these Procedures: (i) a "Substantial
   Shareholder" is any entity or individual that has Beneficial
   Ownership of at least 11,975,468 shares of Common Stock
  (representing approximately 4.5% of all issued and outstanding
   shares of Common Stock) and any entity or individual that has
   Beneficial Ownership of at least 180,000 shares of Series C
   Preferred Stock, at least 199,120 shares of Series D Preferred
   Stock, or at least 167 shares of Series E Preferred Stock (or
   167,470 Depositary Shares) (representing approximately 4.5% of
   all issued and outstanding shares of each series of Preferred
   Stock, respectively); (ii) "Beneficial Ownership" shall be
   determined in accordance with the applicable rules of section
   382 of the Internal Revenue Code and the Treasury Regulations
   thereunder and includes direct and indirect ownership,
   ownership by such holder's family members and entities acting
   in concert with such holder to make a coordinated acquisition
   of equity securities, and ownership of equity securities that
   such holder has an Option to acquire; and (iii) an "Option" to
   acquire stock includes any contingent purchase, warrant,
   convertible debt, put, call, stock subject to risk of
   forfeiture, contract to acquire stock, or similar interest,
   regardless of whether such interest is contingent or otherwise
   not currently exercisable.

Any transfer of beneficial ownership of common stock or any class
of preferred stock in violation of the Procedures will be null and
void ab initio.

A further hearing will be held on Jan. 11, 2016, at 1:00 p.m. to
consider final approval of the Motion.

                       About Magnum Hunter

Irving, Texas-based Magnum Hunter Resources Corporation is
an oil and gas company that primarily engaged, through its
subsidiaries, in the acquisition, development, and production of
oil and natural gas reserves in the United States.

Magnum Hunter Resources Corporation and 19 of its affiliates filed
Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead Case No.
15-12533) on Dec. 15, 2015.  The petition was signed by Gary C.
Evans as chairman and chief executive officer.

The Debtors have engaged Kirkland & Ellis, LLP as their general
counsel, Pachulski Stang Ziehl & Jones LLP as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC, as restructuring advisor, and Prime Clerk, LLC as notice,
claims and balloting agent.


MARRIOTT VACATIONS: S&P Raises CCR to 'BB+', Outlook Stable
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its
corporate credit rating on Marriott Vacations Worldwide Corp. (MVW)
to 'BB+' from 'BB'.  The rating outlook is stable.

"The upgrade reflects an improvement in our assessment of the
company's financial risk following the implementation of our new
captive finance criteria, which incorporates adjustments to
segregate captive finance operations from consolidated performance
at MVW," said Standard & Poor's credit analyst Shivani Sood.  The
improved financial risk assessment reflects modest adjusted
leverage at the parent, moderate historical and anticipated losses
between 3% and 5% inside the captive's loan portfolio, S&P's belief
that underwriting standards at the captive are stable in terms of
loss and delinquency ratio trends and loan portfolio credit
quality, and low historical and anticipated leverage in the captive
of between 2x and 3x reported debt to equity.  S&P has updated its
base-case forecast on MVW for captive finance adjusted debt to
EBITDA of around 1x and funds from operations (FFO) to adjusted
debt well above 60% through 2016.  While these credit measures
would otherwise correspond to a "minimal" financial risk
assessment, S&P is assessing financial risk as "modest," one
category lower, as a result of a high level of anticipated EBITDA
volatility over the economic cycle.  Asset and leverage risk inside
the captive does not impair the modest overall parent assessment.
In addition, S&P believes MVW intends to pursue a relatively
measured pace of sales growth, and it is not likely to meaningfully
increase the percentage of timeshare sales that are financed.  As a
result, S&P believes the company's financing operations are
unlikely to result in a significant leverage increase over the next
few years.

S&P's stable rating outlook reflects its expectation for adjusted
leverage in the 1x area and the company's strong liquidity profile.
Furthermore, S&P believes that MVW intends to pursue a relatively
measured pace of sales growth and that management views its good
access to external financing sources as a strategic advantage.
Although growth opportunities will arise and external financing
needs may increase from time to time, S&P believes that MVW's
policy is to manage leverage in line with the current financial
risk assessment and rating.

S&P could lower the rating as a result of significant acquisitions
and other spending, or if MVW pursues a more rapid pace of resort
development and sales growth that would require higher levels of
external financing than S&P expects, in a manner that sustains
adjusted debt to EBITDA above the 2x area.  S&P could also lower
ratings if risk in the captive rises meaningfully enough to impair
the parent's risk profile, which S&P believes could occur if the
loss ratio in the captive increases and is sustained above 5%, or
if leverage in the captive increases and is sustained above 6x debt
to equity.

S&P could raise the rating if its assessment of the company's
business risk improves, which would be possible if MVW can improve
and sustain S&P's measure of its adjusted EBITDA margin above 20%
and we become confident the company can meaningfully reduce
anticipated EBITDA volatility over the cycle.



MCCLATCHY CO: Stephanie Shepherd Joins as Controller
----------------------------------------------------
The McClatchy Company announced that Stephanie Shepherd joined the
company as corporate controller on Dec. 7, 2015.  She replaced
Larry Edgar, who resigned on Sept. 11, 2015, to become controller
for another company.

Shepherd, 38, is currently the Global Revenue Accounting Senior
Controller for Cisco, Inc., a global network equipment company.
Stephanie holds a Masters of Public Accountancy from Montana State
University and is a CPA, with prior experience at the accounting
firm Ernst & Young, LLP.  Stephanie has spent a total of nine years
at Cisco in increasingly senior leadership roles including treasury
accounting manager, global technical accounting and policy
controller, in addition to her current position.

"We are thrilled to have a person of Stephanie's technical
expertise and strong leadership capabilities direct our corporate
finance department," said Elaine Lintecum, McClatchy's CFO.  She is
an accomplished accountant and a proven leader who shares our
values and brings the additional digital expertise needed as we
continue our digital transformation and expand our digital products
and services."

Stephanie and her husband, Isaac, originally hail from Hamilton,
Montana and have two children.

                   About The McClatchy Company

Sacramento, Cal.-based The McClatchy Company (NYSE: MNI)
-- http://www.mcclatchy.com/-- is a media company that provides
both print and digital news and advertising services.  Its
operations include 30 daily newspapers, community newspapers,
websites, mobile news and advertising, niche publications, direct
marketing and direct mail services.  Its owned newspapers include,
among others, the (Fort Worth) Star-Telegram, The Sacramento Bee,
The Kansas City Star, the Miami Herald, The Charlotte Observer,
and The (Raleigh) News & Observer.  The Company holds interest in
digital assets which include CareerBuilder, LLC, Classified
Ventures, LLC, HomeFinder, LLC, and Wanderful Media.

McClatchy Co reported net income of $374 million on $1.14 billion
of net revenues for the year ended Dec. 28, 2014, compared with net
income of $18.8 million on $1.21 billion of net revenues for the
year ended Dec. 29, 2013.

As of Sept. 27, 2015, the Company had $1.95 billion in total
assets, $1.74 billion in total liabilities and $202 million in
stockholders' equity.

                           *     *     *

McClatchy carries a 'Caa1' corporate family rating from Moody's
Investors Service.  In May 2011, Moody's changed the rating
outlook from stable to positive following the company's
announcement that it closed on the sale of land in Miami for
$236 million.  The outlook change reflects Moody's expectation
that McClatchy will utilize the net proceeds to reduce debt,
including its underfunded pension position, which will reduce
leverage by approximately half a turn and lower required
contributions to the pension plan over the next few years.

As reported by the TCR on April 2, 2014, Standard & Poor's Ratings
Services affirmed all ratings on U.S. newspaper company The
McClatchy Co., including the 'B-' corporate credit rating, and
revised the rating outlook to stable from positive.  The outlook
revision to stable reflects S&P's expectation that the
timeframe for a potential upgrade lies beyond the next 12 months,
and could also depend on the company realizing value from its
digital minority interests.


MEDICAL ALARM: Posts $827,000 Net Income for Fiscal 2015
--------------------------------------------------------
Medical Alarm Concepts Holdings, Inc., filed with the Securities
and Exchange Commission its annual report on Form 10-K disclosing
net income of $826,699 on $1.14 million of revenue for the year
ended June 30, 2015, compared to net income of $225,041 on $1.15
million of revenue for the year ended June 30, 2014.

As of June 30, 2015, the Company had $274,653 in total assets,
$1.08 million in total liabilities, all current, and a total
stockholders' deficit of $808,693.

"While the Company is attempting to generate sufficient revenues,
the Company's cash position may not be enough to support the
Company's daily operations.  Management intends to raise additional
funds by way of a public or private offering, or by alternative
methods.  While the Company believes in the viability of its
strategy to increase revenues and in its ability to raise
additional funds, there can be no assurances to that effect.  The
ability of the Company to continue as a going concern is dependent
upon the Company's ability to further implement its business plan,
raise additional money, and generate sufficient revenues," the
Company states in the report.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015.  The independent auditors noted that
the Company had working capital deficit of $808,693, a
stockholders' deficit of $808,693, did not generate cash from its
operations, and had operating loss for past two years.  These
circumstances, among others, raise substantial doubt about the
Company's ability to continue as a going concern.

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

                      http://is.gd/BMhkSL

                      About Medical Alarm

King of Prussia, Pa.-based Medical Alarm Concepts Holding, Inc.,
utilizes new technology in the medical alarm industry to provide
24-hour personal response monitoring services and related products
to subscribers with medical or age-related conditions.


MICHAEL JOSEPH KILROY: Court Denies Receiver's Bid to Hire Counsel
------------------------------------------------------------------
Judge Robert N. Kwan of the United States Bankruptcy Court for the
Central District of California, Los Angeles Division, denied the
application of Robert C. Warren III, the state court-appointed
receiver, to employ Epps & Coulson, LLP, as the Custodian's Legal
Counsel, nunc pro tunc to the Petition Date.

Debtor Michael Joseph Kilroy's bankruptcy estate includes multiple
partnership and LLC interests involved in commercial real estate,
which were never subject to Custodian's oversight.  Accordingly,
because Custodian's powers are in rem and because the bankruptcy
estate in this case includes substantial property interests that
were never subject to Custodian's powers, and thus, he was not the
Custodian of these other interests, the court determines that it
does not make sense for Custodian to employ counsel on behalf of
the bankruptcy estate here.

The  court observes that if Custodian wants to later file an
application for allowance of his counsel's fees as an
administrative expense, he can do so, and such application will be
duly considered by the court.

The case is In re: MICHAEL JOSEPH KILROY, Chapter 11, Debtor and
Debtor in Possession, Case No. 2:15-bk-15708-RK (Bankr. C.D.
Calif.).

A full-text copy of the Memorandum Decision and Order dated
December 4, 2014 is available at http://is.gd/GFQAOefrom
Leagle.com.

Michael Joseph Kilroy, Debtor, represented by John-Patrick M Fritz,
Esq. -- jpf@lnbyb.com -- Levene Neale Bender Yoo et al, David L.
Neale, Esq. -- dln@lnbyb.com  -- Levene Neale Bender Yoo & Brill
LLP.

United States Trustee (LA), U.S. Trustee, represented by Alvin Mar.


MILLENNIUM LAB: Lenders Ask to Appeal Ch. 11 Plan to 3rd Circuit
----------------------------------------------------------------
Dani Kass at Bankruptcy Law360 reported that a Delaware bankruptcy
judge on Dec. 16, 2015, agreed to consider whether Millennium
lenders can ask the Third Circuit whether they're allowed to be
barred from suing certain parties under the company's Chapter 11
plan, which was submitted in a deal to pay off a $200 million False
Claims Act deal.  The objecting lenders, led by Voya Investment
Management, previously known as ING U.S. Inc., said on Dec. 14,
that they're not being allowed the chance to opt out of the deal
with Millennium Lab Holdings II LLC.

                       About Millennium Lab

Millennium Lab Holdings II, LLC, Millennium Health, LLC and
Rxante, LLC, providers of laboratory-based diagnostic testing
focused on drugs of abuse and clinical medication monitoring,
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
15-12284, 15-12285 and 15-12286, respectively) on Nov. 10, 2015.
The Debtors estimated assets in the range of $100 million to $500
million and liabilities of more than $1 billion.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel; Young Conaway Stargatt & Taylor, LLP as conflicts
counsel; Lazard Freres & Co., LLC, as investment banker; Alvarez &
Marsal as financial advisor; and Prime Clerk LLC as claims and
noticing agent.

Judge Laurie Selber Silverstein has been assigned the case.


MUSCLEPHARM CORP: Ryan Drexler Reports 19% Stake as of Dec. 7
-------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Ryan Charles Drexler disclosed that as of Dec. 7, 2015,
he beneficially owns 2,608,696 shares of common stock of
MusclePharm Corp., representing 19 percent of the shares
outstanding.  Currently, Mr. Drexler is the chief executive officer
of the Consac, LLC and the executive chairman of the Board of
Directors of the Issuer.  A copy of the regulatory filing is
available for free at http://is.gd/ga63PG

                        About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-
style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail
outlets, including GNC and Vitamin Shoppe.  MusclePharm products
are also sold in over 100 online stores, including
bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm Corporation reported a net loss of $13.8 million in
2014, a net loss of $17.7 million in 2013 and a net loss of $19
million in 2012.

As of Sept. 30, 2015, the Company had $62.24 million in total
assets, $67.79 million in total liabilities and a $5.54 million
total stockholders' deficit.


NAKED BRAND: Amends 1.6 Million Common Shares Prospectus
--------------------------------------------------------
Naked Brand Group Inc. has amended its Form S-1 registration
statement relating to the offering 1,666,666 shares of its common
stock.  The Company amended the Registration Statement to delay its
effective date.

The Company's common stock is currently quoted on the OTCQB
Marketplace operated by the OTC Markets Group under the symbol
"NAKD."  In conjunction with this offering, the Company has applied
to list its common stock on the Nasdaq Capital Market under the
symbol "NAKD" upon the consummation of this offering. There is no
assurance, however, that the Company's common stock will be
approved for listing on the Nasdaq Capital Market and such approval
is not a condition to the closing of.  The Company will not
complete this offering unless that number of shares of common stock
resulting in gross proceeds to the Company of at least $7,500,000
are sold in this offering.

The Company expects the public offering price for the shares or its
common stock will be between $4.00 and $5.00 per share.  This
offering price range may vary from the trading price of the
Company's common stock on the OTCQB Marketplace on any particular
trading day.

The last reported sale price of the Company's common stock on
Dec. 15, 2015, was $4.00 per share, however, the market price of
the Company's common stock on the OTCQB Marketplace may not be
indicative of the market price of its common stock if its common
stock is listed on the Nasdaq Capital Market.  On Aug. 10, 2015,
the Company effected a 1-for-40 reverse split of its issued and
outstanding shares of common stock.  All share and per share
information in this prospectus gives effect to the 1-for-40 reverse
split, retroactively.

A copy of the Form S-1/A is available for free at:

                     http://is.gd/LdyVpT

                      About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York, New York.

Naked Brand reported a net loss of $21.07 million for the year
ended Jan. 31, 2015, compared to a net loss of $4.23 million for
the year ended Jan. 31, 2014.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2015, citing that the Company incurred a net loss of
$21,078,265 for the year ended Jan. 31, 2015, had a capital deficit
of $2,224,180 at Jan. 31, 2015, and the Company expects to incur
further losses in the development of its business.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.

As of Oct. 31, 2015, the Company had $2.01 million in total assets,
$2.46 million in total liabilities and a $444,074 total capital
deficit.

                          Going Concern

"At October 31, 2015, we did not have sufficient working capital to
implement our proposed business plan over the next 12 months, had
not yet achieved profitable operations and expect to continue to
incur significant losses from operations in the immediate future.
These factors cast substantial doubt about our ability to continue
as a going concern.  To remain a going concern, we will be required
to obtain the necessary financing to meet our obligations and repay
our substantial existing liabilities as well as further liabilities
arising from normal business operations as they come due.
Management plans to obtain the necessary financing through the
issuance of equity to existing stockholders.  Should we be unable
to obtain this financing, we may need to substantially scale back
operations or cease business.  The financial statements do not
include any adjustments that might result from the outcome of this
uncertainty.  There are no assurances that we will be able to
obtain additional financing necessary to support our working
capital requirements.  To the extent that funds generated from
operations are insufficient, we will have to raise additional
working capital.  No assurance can be given that additional
financing will be available, or if available, will be on terms
acceptable to us," the Company states in the Quarterly Report for
the period ended Oct. 31, 2015.


NAKED BRAND: Offering 1.8 Million Common Shares
-----------------------------------------------
Naked Brand Group Inc. has priced its underwritten public offering
of 1,875,000 shares of common stock at an offering price per share
to the public of $4.00, including up to 281,250 shares of Common
Stock pursuant to the directed share program, which will result in
aggregate gross proceeds of approximately $7.5 million.  The net
proceeds from the offering to the Company, after deducting
underwriting discounts and commissions, is expected to be
approximately $6.9 million.  In connection with the pricing of the
offering, the shares have begun trading on The NASDAQ Capital
Market under the symbol "NAKD" as of Dec. 18, 2015.

The Company has also granted the underwriters a 30-day option to
purchase up to an additional 281,250 shares of common stock to
cover over-allotments, if any.  If the total over-allotment is
exercised, Naked expects the gross proceeds from the offering to be
approximately $8.625 million.

Subject to customary conditions, Naked expects the offering to
close on or about Dec. 23, 2015.

Noble Financial Capital Markets and Dawson James Securities, Inc.
acted as the underwriters for the offering.  Dawson James
Securities, Inc. also acted as the "qualified independent
underwriter" (as defined by applicable FINRA rules) for the
offering.

                      About Naked Brand

Naked Brand Group Inc. designs, manufactures, and sells men's
innerwear and lounge apparel products in the United States and
Canada.  It offers various innerwear products, including trunks,
briefs, boxer briefs, undershirts, T-shirts, and lounge pants
under the Naked brand, as well as under the NKD sub-brand for men.
The company sells its products to consumers and retailers through
wholesale relationships and direct-to-consumer channel, which
consists of an online e-commerce store, thenakedshop.com.  Naked
Brand Group Inc. is based in New York, New York.

Naked Brand reported a net loss of $21.07 million for the year
ended Jan. 31, 2015, compared to a net loss of $4.23 million for
the year ended Jan. 31, 2014.

As of Oct. 31, 2015, the Company had $2.01 million in total assets,
$2.46 million in total liabilities and a $444,074 total capital
deficit.

BDO USA, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Jan. 31, 2015, citing that the Company incurred a net loss of
$21,078,265 for the year ended Jan. 31, 2015, had a capital deficit
of $2,224,180 at Jan. 31, 2015, and the Company expects to incur
further losses in the development of its business.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern.


NATIONAL CINEMEDIA: AMC Completes Acquisition of Starplex Cinemas
-----------------------------------------------------------------
AMC Entertainment Holdings, Inc. completed the acquisition of
Starplex Cinemas.  All 33 Starplex theatres with 346 screens
acquired have been included in the Company's network since January,
2010 under a network affiliate agreement that would have terminated
in October, 2017.  These theatres and screens remain in the
Company's network and become part of its long-term Exhibitor
Services Agreement as of the acquisition date with an initial term
ending on Feb. 13, 2037.

On Dec. 16, 2015, National CineMedia, Inc., as sole manager of
National CineMedia, LLC, provided written notice setting forth the
determination of common membership units due to AMC Starplex, LLC
in accordance with the Common Unit Adjustment Agreement dated as of
Feb. 13, 2007, by and among NCM, Inc., NCM LLC, Regal CineMedia
Holdings, LLC, American Multi-Cinema, Inc., Cinemark Media, Inc.,
Regal Cinemas, Inc. and Cinemark USA, Inc. Regal, AMC and Cinemark
are referred to collectively as the "Founding Members."  The
"Founding Member Group" means, with respect to each Founding
Member, the Founding Member, its ESA Party, and their Affiliates.
Any undefined capitalized term has the meaning given it in the
Common Unit Adjustment Agreement.  The common membership units are
expected to be issued on Dec. 31, 2015, the settlement date.

Under the Common Unit Adjustment Agreement, the adjustment of
membership units is conducted annually, except that a Common Unit
Adjustment will occur for a specific Founding Member (or designee)
if its acquisition or disposition of theatres, in a single
transaction or cumulatively since the most recent Common Unit
Adjustment, results in an extraordinary attendance increase or
decrease in excess of two percent of the annual total attendance as
determined on the prior adjustment date.  AMC's acquisition of
Starplex, combined with single theatre acquisitions and new theatre
construction activity during 2015, meets such criteria as it
results in an extraordinary attendance increase of 2.3%.  As a
result of this extraordinary attendance increase, a full Common
Unit Adjustment was performed for AMC and included the Starplex
acquisition, newly constructed theatres and single theatre
acquisitions for the period of Jan. 2, 2015, through Dec. 16, 2015,
(from the 2014 annual Common Unit Adjustment date to the Starplex
acquisition date).

Pursuant to NCM, Inc.'s Amended and Restated Certificate of
Incorporation and NCM LLC's Third Amended and Restated Limited
Liability Company Operating Agreement, as amended, members of NCM
LLC, other than NCM, Inc., may choose to have common membership
units redeemed, and NCM, Inc. may elect to issue cash or shares of
its common stock on a one-for-one basis.  Therefore, the NCM LLC
units issued to the Founding Members may be redeemable for an equal
number of shares of NCM, Inc.'s common stock.

Neither NCM, Inc. nor NCM LLC received any cash consideration in
exchange for the issuance of the units.  In addition to the
issuance of the units, cash will be paid in lieu of partial units
in the amounts of $3.24 to AMC.

The units will be issued in reliance upon the exemption from the
registration requirements of the Securities Act provided for by
Section 4(2) thereof for transactions not involving a public
offering.  Appropriate legends will be affixed to the securities
issued in this transaction.  The Founding Members had adequate
access, through business or other relationships, to information
about NCM, Inc.

A copy of the Form 8-K filing is available for free at:

                      http://is.gd/JMAs15

                   About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

As of Oct. 1, 2015, the Company had $1 billion in total assets,
$1.23 billion in total liabilities and a $228 million total
deficit.

                            *     *     *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NAVISTAR INTERNATIONAL: MHR, et al, May Buy Non-Convertible Debt
----------------------------------------------------------------
MHR Institutional Partners III LP disclosed in an amended Schedule
13D filed with the Securities and Exchange Commission that as of
Dec. 18, 2015, it beneficially owned 14,980,528 shares of common
stock of Navistar International Corporation representing 18.4
percent of the shares outstanding.

Mark H. Rachesky, M.D., also disclosed that as of Dec. 18, 2015, he
beneficially owned 16,255,398 shares of common stock of Navistar
International representing 19.9 percent of the shares outstanding.
On Dec. 8, 2015, Dr. Rachesky was granted a non-employee director
stock option grant in the amount of 5,000 shares of the Issuer's
Common Stock at a price of $10.60 per share.

Certain of the Reporting Persons, on the one hand, and Carl Icahn
or certain entities affiliated with Carl Icahn, on the other hand,
intend to consult or coordinate with each other in connection with
their respective potential purchases of non-convertible debt of the
Issuer.  Such consultation or coordination may continue until
either the Reporting Persons or the Icahn Reporting Persons notify
the other that they no longer wish to do so.

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

                     http://is.gd/aveMA8

                 About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose          
subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

Navistar International reported a net loss attributable to the
Company of $619 million for the year ended Oct. 31, 2014, compared
to a net loss attributable to the Company of $898 million for the
year ended Oct. 31, 2013.

                          *     *     *

In the Oct. 9, 2013, edition of the TCR, Moody's Investors Service
affirmed the ratings of Navistar International Corp., including the
'B3' corporate family rating.  The ratings reflect Moody's
expectation that Navistar's successful incorporation of Cummins
engines throughout its product line up will enable the company to
regain lost market share, and that progress in addressing component
failures in 2010 vintage-engines will significantly reduce warranty
expenses.

As reported by the TCR on Oct. 9, 2013, Standard & Poor's Ratings
Services lowered its long-term corporate credit rating on Navistar
International to 'CCC+' from 'B-'.  "The rating downgrades reflect
our increased skepticism regarding NAV's prospects for achieving
the market shares it needs for a successful business turnaround,"
said credit analyst Sol Samson.

In January 2013, Fitch Ratings affirmed the issuer default ratings
for Navistar International at 'CCC' and removed the negative
outlook on the ratings.  The removal reflects Fitch's view that
immediate concerns about liquidity have lessened, although
liquidity remains an important rating consideration as NAV
implements its selective catalytic reduction engine strategy.


NET ELEMENT: Grants Equity Awards to Chief Legal Officer
--------------------------------------------------------
Net Element, Inc., filed an amendment to its current report on
Form 8-K filed with the Securities and Exchange Commission on
Dec. 9, 2015, in order to correct an error in reporting the grants
to Steven Wolberg, the chief legal officer of the Company, of (i)
incentive stock options to purchase shares of the Company common
stock pursuant to 2013 Equity Incentive Compensation Plan, as
amended and (ii) restricted shares of the Company common stock as
performance bonus in reliance on applicable exemption from the
securities laws registration requirements and subject to the
Company shareholders' approval.  Rather than granting 1,800,000
Options and 800,000 Restricted Shares to Steven Wolberg as reported
in the Original Fling, the Compensation Committee of the Board of
Directors of the Company contemplated granting 1,400,000 Options
and 1,000,000 Restricted Shares.

On Dec. 3, 2015, the Compensation Committee of the Board of
Directors of the Company approved and authorized grants of the
following equity awards to Steven Wolberg, the Chief Legal Officer
of the Company:

  (i) 1,400,000 qualified options to acquire shares of the Company

      common stock (subject to vesting on Dec. 8, 2015) pursuant
      to 2013 Equity Incentive Compensation Plan, as amended; and

(ii) 1,000,000 restricted shares of the Company common stock as
      performance bonus in reliance on applicable exemption from
      the securities laws registration requirements and subject to

      the Company shareholders' approval for purposes of
      compliance with the Nasdaq Rule 5635(c); such restricted
      shares will be not issued and will be deemed forfeited if
      such shareholders' approval is not obtained until the end of

      the Company's fiscal year 2016.

                       About Net Element

Miami, Fla.-based Net Element International, Inc., formerly Net
Element, Inc., currently operates several online media Web sites
in the film, auto racing and emerging music talent markets.

Net Element reported a net loss of $10.18 million on $21.2
million of net revenues for the 12 months ended Dec. 31, 2014,
compared to a net loss of $48.3 million on $18.7 million of net
revenues for the 12 months ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $26.17 million in total
assets, $17.03 million in total liabilities, and $9.14 million in
total stockholders' equity.

BDO USA, LLP, in Miami, Florida, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended Dec. 31, 2014.  The accounting firm
said that the Company has suffered recurring losses from operations
and has used substantial amounts of cash to fund its operating
activities that raise substantial doubt about its ability to
continue as a going concern.


NEW GULF RESOURCES: Has $75-Mil. DIP Agreement with U.S. Bank
-------------------------------------------------------------
New Gulf Resources, LLC, and its debtor affiliates seek authority
from the Bankruptcy Court to obtain a senior secured postpetition
financing on a priming, superpriority basis, from U.S. Bank,
National Association, as administrative agent and collateral
agent, in the amount of $75,000,000, of which $55,000,000 will be
made available upon entry of the Interim Order.

The DIP Facility will be used: (i) for the indefeasible payment in
full of the First Lien Obligations; (ii) for the payment of
prepetition amounts acceptable to the DIP Lenders as authorized by
the Court pursuant to orders approving the first day motions filed
by the Debtors; (iii) in accordance with the terms of the DIP Loan
Documents and the DIP Orders, (A) for the payment of working
capital and other general corporate needs of the Debtors in the
ordinary course of business, and (B) for the payment of expenses
incurred in connection with the Chapter 11 cases; (iv) to make the
adequate protection payments; and (v) to pay the fees and expenses
related to the DIP Facility.

Borrowings under the DIP Term Facility bear an interest at the
LIBOR Rate, which is subject to a floor of 1.00%, plus an
Applicable Margin of 10.00%.  Default Rate is the rate per annum
otherwise applicable from time to time, plus two percent per
annum.

The Debtors agree to pay to the DIP Agent an advance fee of $5,000
and an annual fee of $50,000, as specified in the Agent Fee
Letter.

To secure the DIP Obligations, the DIP Agent, for the benefit of
itself and the DIP Lenders, will be granted continuing, valid,
binding, enforceable, non-avoidable, and automatically and properly
perfected DIP Liens in the DIP Collateral.

"Without the DIP Facility, the Debtors would be unable to satisfy
their current and ongoing operating expenses, including
postpetition wages and salaries, taxes, vendor costs, and,
importantly, their obligations under their oil and gas leases and
joint operating agreements," Blake Cleary, Esq., at Young Conaway
Stargatt & Taylor, LLP, attorney to the Debtors, asserts.

"Absent the financing provided under the DIP Facility, the
Debtors' operations would likely come to an immediate halt,
resulting in irreparable harm to their businesses, their going
concern value, and seriously jeopardizing their ability to
reorganize and maximize the value of their assets for their primary
stakeholders," he continued.

The Debtors also seek to use cash collateral of which the DIP Agent
and
DIP Lenders, the First Lien Agent and First Lien Lenders, and the
Second Lien Agent and Second Lien Noteholders
have an interest.

                     About New Gulf Resources

New Gulf Resources, LLC, NGR Holding Company LLC, NGR Texas, LLC
and NGR Finance Corp. filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Proposed Lead Case No. 15-12566) on Dec. 17, 2015.
The petition was signed by Danni Morris as chief financial officer.


Founded in 2011 and headquartered in Tulsa, Oklahoma, New Gulf is
an independent oil and natural gas company engaged in the
acquisition, development, exploration and production of oil and
natural gas properties, focused primarily in the East Texas Basin.
The Company currently employs 55 people.

The Debtors have engaged Baker Botts L.L.P., as bankruptcy counsel,
Young, Conaway, Stargatt & Taylor, LLP as co-counsel,
Barclays Capital Inc., as investment banker, Zolfo Cooper, LLC as
financial advisor, and Prime Clerk LLC as claims and notice agent.

Judge Brendan Linehan Shannon has been assigned the case.


NEW GULF RESOURCES: Hires Prime Clerk as Claims & Noticing Agent
----------------------------------------------------------------
New Gulf Resources, LLC, and its affiliates seek authority from the
Bankruptcy Court to employ Prime Clerk LLC as their claims and
noticing agent, including assuming full responsibility for the
distribution of notices and the maintenance, processing, and
docketing of proofs of claim filed in their Chapter 11 cases.

Although the Debtors have not yet filed their schedules of assets
and liabilities, they anticipate that there will be thousands of
entities to be noticed.  The Debtors tell the Court that by
appointing Prime Clerk as the claims and noticing agent, the
distribution of notices and the processing of claims will be
expedited and the Clerk will be relieved of the administrative
burden of processing what may be an overwhelming number of claims.

Prime Clerk's Claims and Noticing Rates are:
    
        Title                         Hourly Rate
        -----                         -----------
        Analyst                         $35-$45
        Technology Consultant           $80-$100
        Consultant                      $95-$135
        Senior Consultant              $135-$165
        Director                       $170-$190
        Solicitation Consultant          $190
        Director of Solicitation         $210

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $30,000.  Prime Clerk seeks to first
apply the retainer to all prepetition invoices, and thereafter, to
have the retainer replenished to the original retainer amount and
to hold the retainer under the Engagement Agreement during the
Chapter 11 cases as security for the payment of fees and expenses
incurred under the Engagement Agreement.

The Debtors request that the undisputed fees and expenses incurred
by Prime Clerk be treated as administrative expenses of their
Chapter 11 estates and be paid in the ordinary course of business
without further application to or order of the Court.

Under the terms of the Engagement Agreement, the Debtors have
agreed to indemnify, defend, and hold harmless Prime Clerk and its
members, directors, officers, employees, representatives,
affiliates, consultants, subcontractors, and agents under certain
circumstances specified in the Engagement Agreement, except in
circumstances resulting solely from Prime Clerk's gross negligence
or willful misconduct.

To the best of the Debtors' knowledge, Prime Clerk is a
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Code with respect to the matters upon which it is
engaged.

                     About New Gulf Resources

New Gulf Resources, LLC, NGR Holding Company LLC, NGR Texas, LLC
and NGR Finance Corp. filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Proposed Lead Case No. 15-12566) on Dec. 17, 2015.
The petition was signed by Danni Morris as chief financial officer.


Founded in 2011 and headquartered in Tulsa, Oklahoma, New Gulf is
an independent oil and natural gas company engaged in the
acquisition, development, exploration and production of oil and
natural gas properties, focused primarily in the East Texas Basin.
The Company currently employs 55 people.

The Debtors have engaged Baker Botts L.L.P., as bankruptcy counsel,
Young, Conaway, Stargatt & Taylor, LLP as co-counsel,
Barclays Capital Inc., as investment banker, Zolfo Cooper, LLC as
financial advisor, and Prime Clerk LLC as claims and notice agent.

Judge Brendan Linehan Shannon has been assigned the case.


NEW GULF RESOURCES: Proposes Procedures to Protect NOLs
-------------------------------------------------------
New Gulf Resources, LLC, et al., seek to implement procedures
intended to preserve potentially valuable tax attributes.

The Debtors have incurred certain net operating losses, and
anticipate that they will continue to incur further NOLs during the
pendency of these cases.  In addition, the Debtors may have net
unrealized built-in losses in their assets and other tax
attributes, including business income tax credits.  The Debtors
believe that the Tax Attributes may prove to be a valuable asset to
their business, which will maximize stakeholders' recovery in these
cases.

Pursuant to the Internal Revenue Code of 1986, the Debtors may be
able to carry back and then forward the Tax Attributes to offset
future taxable income and tax liability so that they may obtain a
cash refund and improved liquidity in the future.

Section 382 of the IRC limits a company's ability to utilize its
Tax Attributes if an "ownership change" occurs with respect to the
company's equity securities.  To the extent transfers of equity
securities or claims of worthlessness results in an "ownership
change" within the meaning of Section 382 of the IRC, such trading
or transfers could severely limit or even eliminate the Debtors'
ability to utilize applicable Tax Attributes and lead to
significant negative consequences for the Debtors, their estates,
and the overall reorganization process.

An "ownership change" occurs if the percentage (by value)
of the stock of a corporation owned by one or more equity holders
holding 5% of the stock increases by more than 50 percentage points
over the lowest percentage of stock owned by such
equity holders at any time during the three-year testing period
ending on the date of the ownership change.

                       Proposed Procedures

To prevent this loss of estate property, the Debtors request Court
approval of procedures to govern the trading of Equity Securities
in NGR Holding Company, during the pendency of the Chapter 11
Cases.  The procedures requested are intended to give Debtors the
ability, if necessary, to object to proposed transfers of Equity
Securities that could potentially jeopardize the estates' use of
valuable Tax Attributes.

"By establishing procedures for continuously monitoring the trading
of Equity Securities, the Debtors can preserve the ability to seek
substantive relief at the appropriate time, particularly if it
appears that additional trading may jeopardize the use of their Tax
Attributes," according to Blake Cleary, Esq., at Young Conaway
Stargatt & Taylor, LLP, attorney at to the Debtors.

  a. Any entity who currently is or becomes a Substantial
     Equityholder must file with the Court, and serve upon the
     Debtors' counsel, a declaration of such status on or before
     the later of (i) 30 days after the date of service of the
     Equity Transfer Procedures Notice and (ii) 10 days after
     becoming a Substantial Equityholder.

  b. At least 28 days prior to effectuating any transfer of Equity
     Securities that would result in an increase in the amount of
     Equity Securities of which a Substantial Equityholder has
     Beneficial Ownership or would result in an entity becoming a
     Substantial Equityholder, such Substantial Equityholder
     or other entity must file with the Court, and serve upon the
     Debtors' counsel, an advance written declaration of the
     intended transfer of Equity Securities.

  c. At least 28 days prior to effectuating any transfer of Equity
     Securities that would result in a decrease in the amount of
     Equity Securities of which a Substantial Equityholder has
     Beneficial Ownership or would result in an entity ceasing to
     be a Substantial Equityholder, or prior to a 50-percent
     Equityholder taking a worthless security deduction with
     respect to such 50-percent Equityholder's Equity Securities,
     such Substantial Equityholder or 50-percent Equityholder must
     file with the Court, and serve upon the Debtors' counsel, an
     advance written declaration of the intended transfer of     
     Equity Securities.

  d. The Debtors will have 21 days after receipt of a Declaration
     of Proposed Transfer to file with the Court and serve on such
     Substantial Equityholder or 50-percent Equityholder an
     objection to any proposed transfer of Equity Securities
     described in the Declaration of Proposed Transfer on the
     grounds that such transfer might adversely affect the
     Debtors' ability to utilize their Tax Attributes.  If the
     Debtors file an objection, such transaction would not be
     effective unless the Debtors withdraw their objection or such
     transaction is approved by a final order of the Court that
     becomes nonappealable.  If the Debtors do not object within
     such 21 day period, such transaction could proceed solely as
     set forth in the Declaration of Proposed Transfer.

  e. For purposes of these procedures, (i) a "Substantial
     Equityholder" is any entity that has Beneficial Ownership of
     at least 2,852,790 units of the Series A Units of NGR Holding

     Company LLC (representing approximately 4.5% of all issued
     and outstanding Units), either through direct ownership of
     Units or through ownership of both Units and warrants for the
     purchase of Units that would entitle the holder to acquire
     approximately 4.5% of all current issued and outstanding
     Units; (ii) "Beneficial Ownership" will be determined in
     accordance with the applicable rules of IRC Section 382 and
     the regulations thereunder; (iii) an "Option" to acquire
     Units includes any contingent purchase, warrant, convertible
     debt, put, call, stock subject to risk of forfeiture,
     contract to acquire stock, or similar interest, regardless of
     whether it is contingent or otherwise not currently
     exercisable, and (iv) "50-percent Equityholder" is any person
     or entity that at any time within such entity's last three
     taxable years has had Beneficial Ownership of 50% or more of
     the Units.

                    About New Gulf Resources

New Gulf Resources, LLC, NGR Holding Company LLC, NGR Texas, LLC
and NGR Finance Corp. filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Proposed Lead Case No. 15-12566) on Dec. 17, 2015.
The petition was signed by Danni Morris as chief financial officer.


Founded in 2011 and headquartered in Tulsa, Oklahoma, New Gulf is
an independent oil and natural gas company engaged in the
acquisition, development, exploration and production of oil and
natural gas properties, focused primarily in the East Texas Basin.
The Company currently employs 55 people.

The Debtors have engaged Baker Botts L.L.P., as bankruptcy counsel,
Young, Conaway, Stargatt & Taylor, LLP as co-counsel,
Barclays Capital Inc., as investment banker, Zolfo Cooper, LLC as
financial advisor, and Prime Clerk LLC as claims and notice agent.

Judge Brendan Linehan Shannon has been assigned the case.


NEW GULF RESOURCES: Seeks Joint Administration of Cases
-------------------------------------------------------
New Gulf Resources, LLC, NGR Holding Company LLC, NGR Texas, LLC
and NGR Finance Corp. ask the Bankruptcy Court to jointly
administer their Chapter 11 cases under Lead Case No. 15-12566).

The Debtors maintain they are affiliates as defined by Section
101(2) of the Bankruptcy Code, and, as their operations and
administration are significantly integrated, they are appropriate
candidates for joint administration under Bankruptcy Rule 1015(b).

"It will further the interest of judicial economy and
administrative expediency by, among other things, eliminating the
necessity of filing duplicate motions, entering duplicate orders
and forwarding duplicate notices to creditors and parties-in-
interest," says Blake Cleary, Esq., at Young Conaway Stargatt &
Taylor, LLP, attorney to the Debtors.

The Debtors also request that the Clerk of the Court maintain one
file and one docket for all of the jointly administered Chapter 11
cases, which file and docket will be the file and docket for
New Gulf Resources, LLC.

                      About New Gulf Resources

New Gulf Resources, LLC, NGR Holding Company LLC, NGR Texas, LLC
and NGR Finance Corp. filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Proposed Lead Case No. 15-12566) on Dec. 17, 2015.
The petition was signed by Danni Morris as chief financial officer.


Founded in 2011 and headquartered in Tulsa, Oklahoma, New Gulf is
an independent oil and natural gas company engaged in the
acquisition, development, exploration and production of oil and
natural gas properties, focused primarily in the East Texas Basin.
The Company currently employs 55 people.

The Debtors have engaged Baker Botts L.L.P., as bankruptcy counsel,
Young, Conaway, Stargatt & Taylor, LLP as co-counsel,
Barclays Capital Inc., as investment banker, Zolfo Cooper, LLC as
financial advisor, and Prime Clerk LLC as claims and notice agent.

Judge Brendan Linehan Shannon has been assigned the case.


NEWLEAD HOLDINGS: Perian Salviola Reports 7.1% Stake as of Dec. 15
------------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Perian Salviola disclosed that as of Dec. 15, 2015, he
beneficially owned 246,778,713 shares of common stock of Newlead
Holdings, Ltd, representing 7.12 percent of the shares outstanding.
A copy of the regulatory filing is available for free at
http://is.gd/m42RkD

                 About NewLead Holdings Ltd.

Based in Athina, Greece, NewLead Holdings Ltd. --
http://www.newleadholdings.com/-- is an international, vertically
integrated shipping company that owns and manages product tankers
and dry bulk vessels.  NewLead currently controls 22 vessels,
including six double-hull product tankers and 16 dry bulk vessels
of which two are newbuildings.  NewLead's common shares are traded
under the symbol "NEWL" on the NASDAQ Global Select Market.

Newlead reported a net loss attributable to the Company's
shareholders of $100 million on $12.6 million of revenues for the
year ended Dec. 31, 2014, compared to a net loss attributable to
the Company's shareholders of $158 million on $7.34 million of
revenues for the year ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $190 million in total assets,
$300 million in total liabilities, and a $110 million total
shareholders' deficit.

Cherry Bekaert LLP, in Charlotte, North Carolina, issued a "going
concern" qualification on the consolidated financial statements
for the year ended Dec. 31, 2014, citing that the Company has
incurred a net loss, has negative cash flows from operations,
negative working capital, an accumulated deficit and has defaulted
under its credit facility agreements resulting in all of its debt
being reclassified to current liabilities all of which raise
substantial doubt about its ability to continue as a going concern.


OAS SA: Noteholders Approve Plan of Reorganization
--------------------------------------------------
OAS S.A. (together with certain of its affiliates also subject to
Brazilian insolvency proceedings, the "Company") on Dec. 18
disclosed that it has engaged in additional discussions and reached
an agreement with certain holders of, or managers of entities
holding beneficial interests in, the above-captioned notes (the
"Notes," such holders of the Notes, together with the managers of
entities holding beneficial interests in the Notes, the
"Noteholders") and Brookfield Asset Management Inc. (together with
its affiliates and their respective managed vehicles,
"Brookfield"), regarding a plan of reorganization for the Company
and that the Company's plan of reorganization presented at the
creditors' meeting that occurred on December 17, 2015 was approved
at such creditors' meeting.

On October 19, 2015, the Company, the Noteholders and Brookfield
executed confidentiality agreements (as amended, the
"Confidentiality Agreements") to facilitate discussions among the
Noteholders, the Company and Brookfield concerning the Company's
potential alternatives for a proposed restructuring of the Company
(the "Restructuring") and the terms and conditions pursuant to
which the Company would implement a judicial sale process before
the Bankruptcy Court (the "Invepar Auction") in which Brookfield
would participate offering to buy all of the shares of
Investimentos e Participacoes em Infraestrutura S.A. ("Invepar"
and, such shares of Invepar, the "Invepar Shares") owned by the
Company (the "Potential Transaction").

Pursuant to the Confidentiality Agreements, as amended, the Company
agreed to disclose publicly, upon the expiration of a period of
time set forth in the Confidentiality Agreements, certain
information regarding the discussions that have taken place between
the Company, the Noteholders and Brookfield concerning the
Restructuring and the Potential Transaction (the "Confidential
Information").

The information included in this press release and certain
information posted on the Company's website referenced herein is
being furnished to satisfy the Company's public disclosure
obligations of all material and certain other Confidential
Information under the Confidentiality Agreements.  The
Confidentiality Agreements have terminated in accordance with their
terms, except as otherwise provided in the Confidentiality
Agreements.

Discussions among the Company, the Noteholders and Brookfield

During the weeks beginning October 19, 2015, October 26, 2015 and
November 2, 2015, representatives of the Company and the Company's
financial and legal advisors (the "Company Representatives") met in
New York with representatives of the Noteholders and the
Noteholders' financial and legal advisors (the "Noteholder
Representatives") and representatives from Brookfield and its legal
advisors (the "Brookfield Representatives") to discuss the
Restructuring and the Potential Transaction.  On October 22, 2015
the Company Representatives provided to the Noteholder
Representatives a fourth written restructuring term sheet
representing possible terms of a Restructuring (the "Fourth Company
Term Sheet").  On October 23, 2015, the Noteholder Representatives
provided to the Company Representatives a fourth written
restructuring term sheet representing possible terms of a
Restructuring (the "Fourth Noteholder Term Sheet").

At the meetings that occurred during the week beginning October 19,
2015, the Brookfield Representatives notified the Noteholder
Representatives and the Company Representatives that, at the
Invepar Auction, Brookfield would be willing to bid R$1.35 billion
for the Invepar Shares (the "Proposed Price"), subject to a plan
being approved by creditors and ratified by the Court and a sale
process in compliance with articles 60 and 142 of the Brazilian
Bankruptcy Law and subject to acceptable terms and conditions to be
set forth in an offer for share purchase and related documentation
the forms of which were to be negotiated.  During such meetings the
parties also discussed proposed amended terms for the DIP financing
that Brookfield would provide (the "DIP Financing"), the original
terms of which had been agreed between the OAS entities and
Brookfield, with financing documents executed on May 14, 2015.  The
terms of the amended DIP Financing discussed included a principal
amount of R$225,000,000, an interest rate equal to the CDI rate
plus 13.06%, a maturity of 18 months, a commitment fee of no
greater than 2% and a disbursement fee of no greater than 1% of the
face amount of the DIP Financing.  Other provisions of the original
DIP Financing would remain in place, including bid protections and
topping rights, although the Noteholders proposed that the right to
top should terminate if the agreement for the purchase of the
Invepar Shares terminated, and Brookfield did not approve such
modification to the original DIP Financing terms.  A draft
commitment letter, along with draft annexes, containing such
proposed amended terms for the DIP Financing were shared by
Brookfield Representatives with the Noteholder Representatives (the
"Modifying DIP Commitment Documents").  The Company proposed
revisions to these documents and also shared such revisions with
Noteholder Representatives.

At these meetings, the Noteholder Representatives notified the
Company Representatives and the Brookfield Representatives that the
Noteholders would be prepared to support a plan of reorganization
for the Company (the "Plan") that contemplated Brookfield attending
and participating in the Invepar Auction, offering to purchase the
Invepar Shares at the Proposed Price on an "as is, where is" basis
with no purchase price adjustment, subject to (1) final
documentation being acceptable to the Noteholders, (2) resolution
of the remaining open terms and conditions of the Plan acceptable
to the Noteholders, (3) the Plan containing the other terms
provided in the Fourth Noteholder Term Sheet, and (4) the draft of
the Plan being in form and substance acceptable to the
Noteholders.

On and during the week of October 24, 2015, the Brookfield
Representatives delivered to the Company Representatives and the
Noteholder Representatives a draft of a binding offer (the
"Brookfield Offer", as such has been amended as described herein)
memorializing Proposed Price and other terms and conditions
pursuant to which Brookfield would submit an offer for the Invepar
Shares in the Invepar Auction.  Meetings were held among the
Company Representatives, the Noteholder Representatives and the
Brookfield Representatives during which the terms and conditions
set forth in the Brookfield Offer were discussed.  In addition, the
Company Representatives and the Noteholder Representatives
discussed the potential terms of the Plan.

During the week beginning November 2, 2015, the discussions
regarding the Brookfield Offer, the Plan, the Potential Transaction
and the Restructuring continued.  In connection with such
discussions, the Company Representatives shared with the Noteholder
Representatives and the Brookfield Representatives a draft Plan,
and the Noteholder Representatives and Brookfield Representatives
provided comments on the same.  In accordance with the terms and
conditions of the Fourth Noteholder Term Sheet, the Plan was to be
premised and conditioned on the sale of the Invepar Shares for not
less than the Proposed Price in cash and having an executed
Brookfield Offer from Brookfield at the Proposed Price.  In
addition, certain exhibits to the Plan were shared with the
Noteholder Representatives, including, term sheets and draft
agreements related to the financial instruments to be issued
pursuant to the Plan (the "Plan Implementation Documents") and a
draft forbearance and settlement agreement (the "Settlement
Agreement") regarding certain litigation claims.  In one or more
telephonic conferences during the week of November 9, 2015, the
Company Representatives also shared orally with the Noteholder
Representatives certain information regarding potential sales of
assets held by the Company in its investment divisions other than
the Invepar Shares, including that the only assets advancing with
reasonable certainty toward a sale are the Company's stakes in
SAMAR – Solucoes Ambientais de Aracatuba S.A., for which the
Company has an executed binding offer, Arena Gremio and OAS Oleo e
Gas S.A., and that the aggregate value expected to be derived from
the sale of certain of these assets would likely equal
approximately R$125-140 million, which amount would likely be
sufficient to allow the Company to perform certain of the
obligations set forth in the Plan.  Moreover, the Company
Representatives discussed with the Noteholder Representatives and
the Brookfield Representatives the possibility of Invepar selling
all or a portion of the assets of LAMSAC or all or a portion of the
equity interests in LAMSAC held indirectly by Invepar (any such
sale of such assets or such equity interests, a "LAMSAC Sale") in
connection with the Restructuring and that the Company may exercise
its voting rights (or may cause the members of the board of
directors of Invepar designated by the Company to exercise their
voting rights) in favor of a LAMSAC sale.  Such parties also
discussed the terms and conditions pursuant to which a LAMSAC Sale
could occur.  Specifically, such parties discussed that a LAMSAC
Sale could occur so long as:

   1. the LAMSAC Sale is made through the best offer within the
scope of an all‑cash sale bid process, the net amount of which to
be received by the Invepar must at least be the greater of (a) two
billion Reais (R$2,000,000,000.00) and (b) an amount that is
sufficient to repay in full certain debentures (the "Invepar
Debentures") in respect of which Invepar is the obligor,

   2. Brookfield is provided with the possibility of tendering in
the bidding process run in connection with the LAMSAC Sale and
shall have received access to the same documents and been treated
equally to other bidders,

   3. Invepar launches a mandatory early redemption process (a
"Mandatory Early Redemption") or a tender offer (a "Tender Offer")
as provided for in the indenture governing the Invepar Debentures,
and

   4. the proceeds arising from the LAMSAC Sale are actually used
within 30 days of receipt to perform in full the payment of the
holders of the Invepar Debentures in connection with such Mandatory
Early Redemption or Tender Offer.

The Company Representatives discussed with the Brookfield
Representatives and the Noteholder Representatives that the best
offer selected by Invepar in the bidding process run in connection
with a LAMSAC Sale may contemplate an up‑front payment of less
than the total purchase price together with deferred cash payments
for the balance of the total purchase price so long as:

   1. the offeror has, on the date the offer is made (a) an
international corporate credit rating that is equal to or better
than BB/Ba2 (two notches below investment grade) or (b) if such
offeror has a corporate credit rating that is less than BB/Ba2 (two
notches below investment grade), the offeror has obtained and
presents evidence of a letter of credit from a first‑tier bank in
Brazil guaranteeing the payment of the amount to be paid through
deferred cash payments,

   2. the offer calls for (a) at least fifty percent (50%) of the
total purchase price to be paid on the date the offer is accepted
as the best offer, (b) a total purchase price the present value of
which is equal to at least two billion Reais (R$2,000,000,000.00)
using a discount rate equal to the greater of (x) the interest rate
applicable to the Invepar Debentures and (y) seventeen percent
(17%) per year, (c) a schedule for deferred cash payments that will
result in the payment in full of the total purchase price in no
more than one (1) year from the date the offer is accepted as the
best offer, (d) up front and deferred cash payments denominated in
Brazilian Reais and payable in cash and (e) until the total
purchase price has been paid in full, a pledge or fiduciary lien to
Invepar of the equity interests in LAMSAC that are the subject of
the offer to secure the offeror's obligation to make the deferred
cash payments.

On November 15, 2015, the Brookfield Representatives informed the
Company Representatives that Brookfield did not intend to execute a
Brookfield Offer or to amend the original DIP Financing at such
time.

On November 17, 2015, at the Company's request, Brookfield provided
its views on the revised terms that would need to be agreed in
order for Brookfield to re-commence its consideration of a
transaction, as follows: (1)  execution of an amendment to the
Shareholder's Agreement satisfactory to Brookfield, in Brookfield's
sole discretion, as a condition precedent to closing the Brookfield
Offer; (2) Brookfield's right to terminate the Brookfield Offer if
the results of the ABC Due Diligence are not considered
satisfactory to Brookfield, in Brookfield's sole discretion; and
(3) Brookfield's existing right to top in the DIP Financing being
modified to terminate in conjunction with a termination of the
stalking horse bid, if (a) the DIP matures (i) on the date of the
closing of the acquisition of the Invepar shares, or (ii) 6 months
after termination of the stalking horse bid, and (b) in case the
Invepar shares are sold to any third party during the six-month
period during which there is no right to top, in which event
Brookfield would be owed a break-up fee equivalent to R$67.5 mn (5%
of the amount of the stalking horse bid).  Since that date, the
Company Representatives, the Noteholder Representatives and the
Brookfield Representatives continued discussions regarding the
Brookfield Offer and topping rights.  In the course of such
discussions, all parties agreed that the Company and Brookfield
would not enter into any such modifications to existing terms and
conditions of the DIP Financing.

The Noteholder Representatives also informed the Company
Representatives that they were not prepared to support the Plan as
outlined above.  The Fourth Noteholder Term Sheet provided that the
Plan was to be conditioned on (i) the sale of the Invepar Shares
for not less than the Proposed Price in cash, (ii) the execution of
the Brookfield Offer by Brookfield (or other offer in form and
substance identical to the Brookfield Offer by any other winning
bidder at the Invepar Auction (an "Alternative Offer")), and (ii)
the existence of a termination event upon the earlier of (a) the
Brookfield Offer's (or an Alternative Offer's) termination or (b)
failure to close pursuant to the terms of the Brookfield Offer (or
an Alternative Offer) by March 31, 2016 (unless extended according
to the terms of the Draft Offer (or an Alternative Offer)).

In light of the status of the discussions with Brookfield, the
Company proposed that Noteholders consider alternate reorganization
plans.  Such alternatives were set forth and described in a
presentation provided by the Company Representatives ("Company
Presentation") to the Noteholders and Noteholder Representatives on
November 16, 2015.  In one such possible alternative, the Company
suggested that Noteholders succeed to the Company's position as a
shareholder of Invepar, and Noteholders become indirect
shareholders of Invepar, possibly with a view to selling the
Invepar Shares at a later date.  The Company confirmed that under
such a plan, Noteholders would become subject to the existing
shareholders agreement among the current Invepar shareholders.  As
part of enabling Noteholders to understand and assess such proposed
possible plan, the Company explained several pertinent aspects of
that shareholders agreement to Noteholders and/or their advisors.
These are specifically as follows, and each as also discussed in
connection with the Potential Transaction:

    1. Invepar shareholders may not transfer their shares unless
they shall have complied with a right of first refusal provided to
each Invepar shareholder.  Such right entitles each shareholder to
a 30-day notice period within which it may indicate interest in
acquiring the Invepar Shares on the terms of a notified proposed
transfer.  Any transferee of Invepar Shares becomes subject to the
shareholders agreement.

    2. Invepar shareholders have agreed to certain non-competition
provisions, including requirements that shareholders direct
concession opportunities to Invepar.  It is further agreed that the
Company shall be provided the opportunity to execute the works
related to any such concession awarded to Invepar.

    3. Invepar shareholders have agreed to a list of material steps
and transactions that Invepar may undertake only upon the unanimous
agreement of all of the Invepar shareholders, including without
limitation (a) approval of the annual business plan, (b) issuance
of new shares or indebtedness convertible into shares, (c)
distribution of dividends, (d) the incurrence of material
indebtedness or the provision of guarantees, (e) the disposal or
encumbrance of material assets, and (f) the transfer of Invepar
Shares to third parties who are not party to the shareholders
agreement, as may be permitted.

In connection with the discussions related to the alternative
reorganization plans, on November 22, 2015, the Company
Representatives provided to the Noteholder Representatives a term
sheet (the "Alternative Structure Term Sheet") setting forth a
possible alternative structure for the Plan (the "Alternative
Structure"), which would be implemented in the event that the
Invepar Shares were not sold at the Invepar Auction or otherwise by
a date set forth in the Alternative Structure Term Sheet.  During
the week of November 23, 2015, the Noteholder Representatives
informed the Company Representatives that, while the terms and
conditions set forth in the Alternative Structure Term Sheet were
unacceptable to the Noteholders, the Noteholders were amenable to
including provisions in the Plan incorporating the Alternative
Structure in modified form.  Since then, the Company
Representatives and the Noteholder Representatives continued
discussions regarding the Alternative Structure, which has yielded
a revised and agreed-upon Plan incorporating the Alternative
Structure pursuant to which, in the event that the Brookfield Offer
or an Alternative Offer is not selected as the winning offer at the
Invepar Auction, the Invepar Shares will be transferred to a
special purpose vehicle owned by certain creditors.  In that
scenario, such vehicle will hold the Invepar Shares and may seek to
sell them at a later date.

In addition to the disclaimers and qualifiers set forth in the
materials themselves, all statements made in the Fourth Noteholder
Term Sheet, the Modifying DIP Commitment Documents, the Brookfield
Offer, the Plan, the Plan Implementation Documents, the Settlement
Agreement, the Company Presentation and any other document
disclosed in connection with this press release are in the nature
of settlement discussions and compromise, are not intended to be
and do not constitute representations of any fact or admissions of
any liability, and are for the purpose of attempting to reach a
consensual compromise and settlement.  Nothing contained in the
Fourth Noteholder Term Sheet, the Modifying DIP Commitment
Documents, the Brookfield Offer, the Plan, the Plan Implementation
Documents, the Settlement Agreement, the Company Presentation and
any other document disclosed in connection with this press release
is intended to or shall be construed to be an admission or a waiver
of any rights, remedies, claims, or causes of action or defenses.
The information contained in the Fourth Noteholder Term Sheet, the
Modifying DIP Commitment Documents, the Brookfield Offer, the Plan,
the Plan Implementation Documents, the Settlement Agreement, the
Company Presentation and any other document disclosed in connection
with this press release is for discussion purposes only and shall
not constitute a commitment to vote for or consummate any
transaction described therein.  The Noteholders have informed the
Company that none of the Noteholders is a temporary insider or
fiduciary of the Company or any of its subsidiaries or affiliates
or any creditor or equity owner of the Company or any of its
subsidiaries or affiliates, and each of the Noteholders expressly
disclaims any purported fiduciary duty to any such parties.

The Company has published the following documents on its website,
available at http://www.oas.com.br:

   -- the Fourth Noteholder Term Sheet,

   -- the Plan (together with all exhibits, annexes and schedules
thereto, including the Brookfield Offer in substantially final form
and the Plan Implementation Documents which were ultimately
included in the Plan),

   -- the Settlement Agreement (together with all exhibits, annexes
and schedules thereto),

   -- the Plan Implementation Documents which were shared among the
Noteholder Representatives and the Company Representatives but
which were not ultimately included in the Plan and not finalized,

   -- the last draft of the Modifying DIP Commitment Documents
shared by the Company Representatives with the Noteholder
Representatives,

   -- a chart provided by the Company Representatives to the
Noteholder Representatives containing certain information regarding
the existing Invepar Shareholder Agreement, and
the Company Presentation.

                         About OAS S.A.

The OAS Group is among the largest and most experienced
infrastructure companies in Brazil, focusing on heavy engineering
and equity investments in infrastructure projects located in and
outside Brazil and abroad for both public and private clients.  The
OAS Group provides services in 22 countries in Latin America, the
Caribbean and Africa.

Based in Sao Paulo, Brazil, OAS S.A. is the holding company at the
apex of the OAS Group.  Its share capital is divided between CMP
Participacoes Ltda. (owned by Mr. Cesar de Araujo Mata Pires),
which has a 90% stake, and LP Participacoes e Engenharia Ltd.
(owned by Mr. Jose Adelmario Pinheiro Filho, which has a 10%
stake.

Amid an investigation into alleged corruption and money laundering,
and missed interest payments, OAS S.A. and its affiliates
Construtora OAS S.A., OAS Investments GmbH, and OAS Finance Limited
on March 31, 2015, commenced judicial reorganization proceedings
before the First Specialized Bankruptcy Court of Sao Paulo pursuant
to Federal Law No. 11.101 of February 9, 2005 of the laws of the
Federative Republic of Brazil.

On April 15, 2015, OAS S.A., et al., filed Chapter 15 bankruptcy
petitions (Bankr. S.D.N.Y. Lead Case No. 15-10937) in Manhattan, in
the United States to seek U.S. recognition of the Brazilian
proceedings.  Renato Fermiano Tavares, as foreign representative,
signed the petitions.  The cases are assigned to Judge Stuart M.
Bernstein.  White & Case, LLP, serves as counsel in the U.S.
cases.

OAS S.A. listed at least US$1 billion in assets and liabilities.


PICO HOLDINGS: Fires VP Investments W. Raymond Webb
---------------------------------------------------
PICO Holdings, Inc., on December 3, 2015, eliminated the position
of Vice President, Investments as part of its Revised Business
Plan.  PICO Holdings notified W. Raymond Webb, the current Vice
President, Investments, that his employment with the Company is
terminated, effective December 30, 2015.

According to the 2014 PICO Proxy Statement, Mr. Webb received a
salary of $251,700 and total compensation of $286,529.  He had a
Non-qualified Deferred Compensation of balance of $1,927,133.  Mr.
Webb owned two tranches of Stock Appreciation Rights: 48,000 SARs
with an Exercise Price of $33.76 per share and 20,000 SARs with an
Exercise Price of $42.71.  Both tranches were out of the money, as
the current PICO stock price (as of 12/18/15) is $9.80 per share.

According to the Proxy Statement, Mr. R. Webb was not a party to an
employment agreement or severance agreement and is only entitled to
severance payments and benefits under a severance benefit plan,
which includes two weeks of base salary for each full year of
employment.

As of the latest proxy date, Mr. Webb owned 120 PICO shares.


POC PROPERTIES: Hires Kerkman & Dunn as General Counsel
-------------------------------------------------------
POC Properties, LLC, SOP Academy, LLC and Academy Road Partners,
LLC, seek permission from the Bankruptcy Court to employ Kerkman &
Dunn as their general counsel.  K&D will, among other things:

   (a) advise and assist the Debtors with respect to their duties
       and powers under the Bankruptcy Code;

   (b) advise the Debtors on the conduct of these Chapter 11
       cases, including the legal and administrative requirements
       of operating in Chapter 11;

   (c) attend meetings and negotiate with representatives of the
       creditors and other parties-in-interest;

   (d) prosecute actions on the behalf of the Debtors, defend
       actions commenced against the Debtors, and represent the
       Debtors' interests in negotiations concerning litigation in
       which the Debtors is involved, including objections to
       claims filed against the Debtors' estate;

   (e) prepare pleadings in connection with this Chapter 11 cases,
       including motions, applications, answers, orders, reports,
       and papers necessary or otherwise beneficial to the
       administration of the Debtors' estates;

   (f) advise the Debtors in connection with any potential sale of
       assets;

   (g) appear before the Court to represent the interests of the
       Debtors' estates;

   (h) assist the Debtors in preparing, negotiating and
       implementing a plan, and advise them with respect to any
       rejection of a plan and reformulation of a plan, if
       necessary;

   (i) assist and advise the Debtors in state court actions
       related to judgments and collection actions initiated by or
       against the Debtors that are necessary for an effective
       reorganization; and

   (j) perform all other necessary or appropriate legal services
       for the Debtors in connection with the prosecution of this
       Chapter 11 case.

K&D will charge for its legal services at the following rates:

           Jerome R. Kerkman               $390.00 per hour

           Justin M. Mertz                 $295.00 per hour
           Associate Attorneys             $210.00-295.00 per hour
           Non-Attorney Paraprofessionals  $125.00 per hour

The Debtors have agreed to reimburse K&D for its actual and
necessary expenses including postage, overnight mail, courier
delivery, transportation, overtime expenses, court reporter
services, computer-assisted legal research, photocopying, airfare,
meals, and lodging.

To the best of the Debtors' knowledge, K&D is a "disinterested
person" within the meaning of Section 101(14) of the Code.

                        About POC Properties

POC Properties, LLC, SOP Academy, LLC and Academy Road Partners,
LLC, filed Chapter 11 bankruptcy petitions (Bankr. E.D. Wisc. Case
Nos. 15-33291, 15-33292 and 15-33293, respectively) on Dec. 11,
2015.  Warren S. Blumenthal signed the petition as authorized
person.  The Debtors estimated both assets and liabilities in the
range of $10 million to $50 million.  Kerkman & Dunn represents the
Debtors as counsel. Judge Susan V. Kelley is assigned to the case.


PREMIER EXHIBITIONS: Board OKs 2016 Director Compensation
---------------------------------------------------------
The Board of Directors of Premier Exhibitions, Inc., approved a
director compensation plan for calendar year 2016.  Under the plan,
the Company will pay to each non-employee director of the Company
an annual cash retainer of C$25,000, with the exception of the
Audit Committee Chair, who will receive an annual cash retainer of
C$35,000.  The previous director compensation plan was an annual
retainer of US$50,000, payable half in cash and half in restricted
stock.

While Mr. Banker and Mr. Kraniak are already under a 2015 director
compensation plan, Mr. Duchak, Mr. Evans and Mr. Tao will receive
director compensation during 2015 consistent with the terms of the
2016 director compensation plan.  Mr. Bao is an executive of the
Company and as such will receive no compensation for his services
as a director.

                   About Premier Exhibitions

Premier Exhibitions, Inc., develops, deploys and operates
exhibition products that are presented to the public in exhibition
centers, museums and non-traditional venues.  The Atlanta-based
Company's exhibitions generate income primarily through ticket
sales, third-party licensing, sponsorship and merchandise sales.

Premier Exhibitions reported a net loss of $11.7 million on $29.4
million of total revenue for the year ended Feb. 28, 2015, compared
with a net loss of $778,000 on $29.3 million of total revenue for
the year ended Feb. 28, 2014.

As of Aug. 31, 2015, the Company had $35.89 million in total
assets, $32.2 million in total liabilities, $2.66 million in equity
attributable to shareholders of the Company and $1.02 million in
equity attributable to non-controlling interest.

                        Bankruptcy Warning

On April 2, 2015, the Company announced that it had entered into a
definitive merger agreement whereby it plans to combine with
Dinoking Tech Inc.  Under the Merger Agreement, the DK shareholders
will be entitled to up to 24% of the fully diluted ownership of the
Company for all of the issued and outstanding shares of DK.  In
addition, an investor group has agreed to provide up to $13.5
million in convertible debt funding to Premier to repay $8 million
of existing debt and $5.5 million for corporate purposes including
the completion of the development of "Saturday Night Live: The
Exhibition" and "Premier Exhibitions 5th Avenue," the Company's
state-of-the-art exhibition and special events center located in
New York City.  As of August 31, 2015, the investor group had
provided the entire $13.5 million of funding.  Upon closing of the
merger transaction, the debt will be convertible into shares of the
Company based on a price of $4.48 per share, if the conversion is
approved by shareholders.  The Company used this funding to retire
the debt owed to Pentwater Capital, to continue funding
improvements on the building at 417 Fifth Avenue, and to complete
our "Saturday Night Live" exhibition.  The transaction has been
approved by the Board of Directors of Premier.  Premier's principal
shareholder, Sellers Capital, LLC, and the directors and officers
of the Company have entered into agreements to vote in favor of the
transaction.  The completion of the transaction is subject to
Premier shareholder approval among other customary closing
conditions.  The shareholder meeting to approve the transaction is
expected to be held on Oct. 29, 2015.  The merger is expected to be
completed on Oct. 29, 2015.

"While the Company recently repaid a loan of $8.0 million, the
Company will have to repay $13.5 million received in convertible
debt funding if the merger transaction does not close.  As a
result, the Company will have to refinance the debt or obtain funds
to repay the debt in full if that occurs.  In addition, if the
merger transaction is terminated under certain conditions the
Company would be required to pay a $1 million breakup fee to DK.
The Company could be capital constrained and unable to fulfill the
terms of this and other agreements if its access to capital sources
does not improve in the near term.

"If the Merger Agreement transactions are not approved by
shareholders, or additional financing is not obtained, the Company
may have to seek the protection of the U.S. bankruptcy laws and/or
cease operating as a going concern.  In addition, if the Company
does not meet its payment obligations to third parties as they come
due, the Company may be subject to an involuntary bankruptcy
proceeding or other litigation claims, which it would likely not
have the resources to defend," the Company states in its quarterly
report for the period ended Aug. 31, 2015.


PREMIER EXHIBITIONS: Enters Into US$5M Promissory Note
------------------------------------------------------
Premier Exhibitions, Inc., on Dec. 9, 2015, entered into a secured
promissory note and guarantee with Mr. Yanzi Gao as agent for the
lenders, with an aggregate principal sum not to exceed
US$5,000,000.  The Note provides that the Company will make draws
of: (i) $1,000,000 on or before Dec. 10, 2015; (ii) $1,000,000
within five business days after delivering written notice to the
Lenders requesting the second draw, on or before December 18, 2015;
and (iii) $1,000,000 within five business days after delivering
written notice to the Lenders requesting the third draw, on or
before Dec. 31, 2015, provided in each case there is no event of
default under the Note.  The Note provides the Company may request
an additional advance in the amount of $2,000,000 at any time
during the term of the Note, provided the Lenders shall have the
option to grant or deny the request in their sole and absolute
discretion.  The proceeds of the Note will be used in the normal
course of the Company's business operations.

The unpaid principal amount of the Note will accrue interest at a
rate of 12% per annum, provided that during an event of default the
Note will bear interest at a rate of 15% per annum.  Accrued
interest will be paid on the last business day of each month.

The Company must repay 103% of all unpaid principal, plus fees and
accrued and unpaid interest under the Note on Aug. 1, 2017.  The
Company may prepay the Note at any time at an amount equal to 105%
of the principal amount.  In addition, in connection with any
mandatory prepayment or acceleration of the Note, including upon a
change of control of the Company, the Company must prepay the Note
at an amount equal to 105% of the principal amount.

The Note contains customary restrictive covenants and events of
default.

The Note is guaranteed by each of RMS Titanic, Inc., Premier
Exhibition Management LLC, and Premier Merchandising, LLC, all of
which are subsidiaries of the Company.

The Note is secured by substantially all of the assets of the
Company and the subsidiary guarantors, including the stock of each
of the subsidiary guarantors.  The security interest does not apply
to the Titanic assets held by RMS Titanic, Inc., but applies to all
revenues, contracts and agreements lawfully arising out of the
Titanic assets.

The Lenders' exercise of rights and remedies with respect to the
stock of RMS Titanic, Inc. and any revenues, contracts and
agreements lawfully arising out of the Titanic assets are expressly
governed by and subject to the terms and conditions of the
applicable court orders governing the ownership of the Titanic
assets by RMS Titanic, Inc., which include (i) the Opinion issued
by the United States District Court for the Eastern District of
Virginia with respect to Action No. 2:93cv902, dated as of
Aug. 12, 2010; (ii) the Order issued by the United State District
Court for the Eastern District of Virginia with respect to Action
No. 2:93cv902, dated as of Aug. 15, 2011; (iii) the Revised
Covenants and Conditions for the Future Disposition of Objects
Recovered from the R.M.S. Titanic by RMS Titanic, Inc. pursuant to
an in specie salvage award granted by the United States District
Court for the Eastern District of Virginia, dated as of August 15,
2011; and (iv) the Process Verbal, issued on Oct. 12, 1993, by the
Maritime Affairs Administrator for the Ministry of Equipment
Transportation and Tourism, French Republic to Titanic Ventures
Limited Partnership, together with the letter of intent of Titanic
Ventures Limited Partnership dated Sept. 22, 1993.

                   About Premier Exhibitions

Premier Exhibitions, Inc., develops, deploys and operates
exhibition products that are presented to the public in exhibition
centers, museums and non-traditional venues.  The Atlanta-based
Company's exhibitions generate income primarily through ticket
sales, third-party licensing, sponsorship and merchandise sales.

Premier Exhibitions reported a net loss of $11.7 million on $29.4
million of total revenue for the year ended Feb. 28, 2015, compared
with a net loss of $778,000 on $29.3 million of total revenue for
the year ended Feb. 28, 2014.

As of Aug. 31, 2015, the Company had $35.89 million in total
assets, $32.2 million in total liabilities, $2.66 million in equity
attributable to shareholders of the Company and $1.02 million in
equity attributable to non-controlling interest.

                        Bankruptcy Warning

On April 2, 2015, the Company announced that it had entered into a
definitive merger agreement whereby it plans to combine with
Dinoking Tech Inc.  Under the Merger Agreement, the DK shareholders
will be entitled to up to 24% of the fully diluted ownership of the
Company for all of the issued and outstanding shares of DK.  In
addition, an investor group has agreed to provide up to $13.5
million in convertible debt funding to Premier to repay $8 million
of existing debt and $5.5 million for corporate purposes including
the completion of the development of "Saturday Night Live: The
Exhibition" and "Premier Exhibitions 5th Avenue," the Company's
state-of-the-art exhibition and special events center located in
New York City.  As of August 31, 2015, the investor group had
provided the entire $13.5 million of funding.  Upon closing of the
merger transaction, the debt will be convertible into shares of the
Company based on a price of $4.48 per share, if the conversion is
approved by shareholders.  The Company used this funding to retire
the debt owed to Pentwater Capital, to continue funding
improvements on the building at 417 Fifth Avenue, and to complete
our "Saturday Night Live" exhibition.  The transaction has been
approved by the Board of Directors of Premier.  Premier's principal
shareholder, Sellers Capital, LLC, and the directors and officers
of the Company have entered into agreements to vote in favor of the
transaction.  The completion of the transaction is subject to
Premier shareholder approval among other customary closing
conditions.  The shareholder meeting to approve the transaction is
expected to be held on Oct. 29, 2015.  The merger is expected to be
completed on Oct. 29, 2015.

"While the Company recently repaid a loan of $8.0 million, the
Company will have to repay $13.5 million received in convertible
debt funding if the merger transaction does not close.  As a
result, the Company will have to refinance the debt or obtain funds
to repay the debt in full if that occurs.  In addition, if the
merger transaction is terminated under certain conditions the
Company would be required to pay a $1 million breakup fee to DK.
The Company could be capital constrained and unable to fulfill the
terms of this and other agreements if its access to capital sources
does not improve in the near term.

"If the Merger Agreement transactions are not approved by
shareholders, or additional financing is not obtained, the Company
may have to seek the protection of the U.S. bankruptcy laws and/or
cease operating as a going concern.  In addition, if the Company
does not meet its payment obligations to third parties as they come
due, the Company may be subject to an involuntary bankruptcy
proceeding or other litigation claims, which it would likely not
have the resources to defend," the Company states in its quarterly
report for the period ended Aug. 31, 2015.


RDX TECHNOLOGIES: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Debtor: RDX Technologies Corporation
        14747 North Northsight Blvd
        Scottsdale, AZ 85260

Case No.: 15-15859

Chapter 11 Petition Date: December 17, 2015

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Paul Sala

Debtor's Counsel: Ronald J. Ellett, Esq.
                  ELLETT LAW OFFICES, P.C.
                  2999 North 44th Street, Suite 330
                  Phoenix, AZ 85018
                  Tel: 602-235-9510
                  Fax: 602-235-9098
                  Email: rjellett@ellettlaw.phxcoxmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Dennis Danzik, director.

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


RESTORGENEX CORP: Signs Merger Agreement With Diffusion
-------------------------------------------------------
RestorGenex Corporation and Diffusion Pharmaceuticals LLC, a
privately-held biotechnology company, announced that they have
entered into a definitive merger agreement under which a newly
formed subsidiary of RestorGenex will merge with and into Diffusion
in an all-stock transaction, with Diffusion surviving as a wholly
owned subsidiary of RestorGenex.  Upon completion, RestorGenex will
issue to Diffusion equity holders shares of RestorGenex common
stock such that the current equity holders of Diffusion will own
approximately 83% of the combined company's outstanding shares and
current stockholders of RestorGenex will own approximately 17%.
These percentage ownerships are subject to potential adjustment
depending upon the amount of net cash of RestorGenex at closing as
provided in the merger agreement.  In addition, immediately prior
to the merger, RestorGenex plans to distribute to its then current
stockholders contingent value rights (CVRs) providing payment
rights with respect to the first $50 million of net proceeds
arising from a future sale, transfer, license or similar
transaction involving RestorGenex's RES-440 product candidate for
the treatment of acne vulgaris.  Any current RestorGenex option or
warrant holder would, at the time of exercise, be entitled to
receive one CVR for each share of RestorGenex common stock issued
upon exercise of the option and warrant, which would entitle the
holder to a pro rata portion of any CVR payments made.

The current directors and executive officers of RestorGenex will
resign from their positions with RestorGenex upon the closing of
the proposed merger, and the combined company will be under the
leadership of Diffusion's current executive management team with
David G. Kalergis serving as chief executive officer.  The board of
directors of the combined company is expected to consist of six
members, all of whom will be designated by Diffusion.  The
corporate headquarters of the combined company will be located in
Charlottesville, Virginia.  Following completion of the merger, the
combined company will be renamed Diffusion Pharmaceuticals, Inc.

The proposed merger will create a clinical-stage company with a
diversified development portfolio of product candidates addressing
novel targets in oncology, including several orphan indications.
Initially, the combined company will be focused on the development
of Diffusion's lead molecule trans sodium crocetinate.  TSC has
received orphan drug designation for the treatment of glioblastoma
multiforme and expects to enter a Phase III study in newly
diagnosed GBM patients in 2016.  Future development of TSC includes
other orphan indications such as pancreatic cancer and brain
metastases.  TSC's novel mechanism of action enhances the diffusion
of oxygen to cancerous tumors, improving the effects of cancer
treatments such as radiation therapy and chemotherapy.

Stephen M. Simes, RestorGenex's chief executive officer, stated,
"We have chosen to combine with Diffusion in order to add a
clinical-ready product to our oncology portfolio.  Specifically the
key Diffusion product is scheduled to enter a Phase III clinical
trial in 2016 thereby accelerating our product development
dramatically.  The board and management of RestorGenex conducted an
extensive process and thorough review of strategic alternatives and
we believe the proposed merger provides an attractive opportunity
for value appreciation for RestorGenex's stockholders."

David Kalergis, chief executive officer of Diffusion
Pharmaceuticals, added, "We expect to be positioned to move forward
with a pivotal Phase III trial of TSC in newly diagnosed GBM
patients, with plans to begin enrollment in 2016. We also are
planning to commence a Phase II/III trial in pancreatic cancer in
2016 with a Phase II/III study in brain metastases to follow.  The
merger between Diffusion and RestorGenex will provide improved
access to the capital markets, in order to obtain the resources
necessary to accelerate development of TSC in multiple clinical
programs and continue to build an oncology-focused company."

The transaction has been approved unanimously by the boards of
directors of both companies.  The proposed merger is expected to
close in the first quarter of 2016, subject to customary closing
conditions, including the approval of Diffusion's members.

Raymond James & Associates, Inc. is acting as exclusive financial
advisor to RestorGenex and Oppenheimer Wolff & Donnelly LLP is
acting as legal counsel for RestorGenex.  MTS Securities, LLC. is
acting as exclusive financial advisor to Diffusion and Dechert LLP
is acting as legal counsel to Diffusion.

A copy of the Agreement and Plan of Merger is available at:

                      http://is.gd/VCb1kp

                       About RestorGenex

RestorGenex Corporation operates as a biopharmaceutical company.
It focuses on dermatology, ocular disease, and women's health
areas.  The company was formerly known as Stratus Media Group,
Inc., and changed its name to RestorGenex Corporation in March
2014.  RestorGenex Corporation is based in Los Angeles,
California.

Restorgenex reported a net loss of $14.4 million in 2014,
a net loss of $2.46 million in 2013 and a net loss of $6.85 million
in 2012.

As of Sept. 30, 2015, the Company had $23.37 million in total
assets, $4.30 million in total liabilities and $19.06 million in
total stockholders' equity.


RICEBRAN TECHNOLOGIES: Signs Binding Agreement with KER
-------------------------------------------------------
RiceBran Technologies entered into a binding agreement with
Kentucky Equine Research effective as of Dec. 8, 2015.  During the
term of the Agreement, the Company will be the exclusive KER
endorsed supplier of stabilized rice bran for use as a feed and
supplement ingredient in equine feed products throughout North
America, as well as have preference for KER's international
operations in the equine feed markets.  The Company will provide
manufacturing, distribution, sales and marketing expertise, and KER
will contribute sales and marketing expertise, technical support
and research and development to the relationship.  The Company will
provide KER with a portion of the gross profits arising out of the
relationship through a commission arrangement.

The Agreement is for an initial term of ten years, and
automatically renews for one-year periods.  However, the parties
anticipate that the Agreement will be expanded into a more formal
and definitive agreement on or before March 31, 2016, and will use
commercially reasonable efforts to do so. Should a Definitive
Agreement be entered into, it will supersede and amend all of the
provisions of the Agreement.  If the parties do not enter into a
Definitive Agreement, then the Agreement will remain in full force
and effect.

                         About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

Ricebran incurred a net loss of $26.6 million in 2014 following a
net loss of $17.6 million in 2013.

As of Sept. 30, 2015, the Company had $35.5 million in total
assets, $27.2 million in total liabilities, $195,000 in temporary
equity and $8.14 million in total equity attributable to the
Company's shareholders.

Marcum, LLP, in New York, NY, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has suffered recurring
losses from operations resulting in an accumulated deficit of
$242.5 million at Dec. 31, 2014.  This factor among other things,
raises substantial doubt about its ability to continue as a going
concern.


RITE AID: Special Stockholder Meeting Set for Feb. 4
----------------------------------------------------
Rite Aid Corporation has established a record date of Dec. 18,
2015, and a meeting date of Feb. 4, 2016, for a special meeting of
its stockholders to, among other things, consider and vote on a
proposal to approve the previously announced Agreement and Plan of
Merger, dated as of Oct. 27, 2015, by and among Rite Aid, Walgreens
Boots Alliance, Inc., and Victoria Merger Sub, Inc., a wholly owned
direct subsidiary of WBA ("Victoria Merger Sub"), providing for the
merger of Victoria Merger Sub with and into Rite Aid, with Rite Aid
surviving the Merger as a wholly owned direct subsidiary of WBA.

Rite Aid stockholders as of the close of business on the record
date for the special meeting will be entitled to receive notice of,
and to vote at, the special meeting.

The Merger, which is expected to be completed by the second half of
calendar 2016, is subject to the approval of the Merger Agreement
by Rite Aid's stockholders and satisfaction of other customary
closing conditions.

                       About Rite Aid Corp.

Rite Aid is a drugstore chain with 4,570 stores in 31 states and
the District of Columbia.

The Company disclosed in its annual report for the year ended
Feb. 28, 2015, that it is highly leveraged.  Its substantial
indebtedness could limit cash flow available for its operations and
could adversely affect its ability to service debt or obtain
additional financing if necessary.

As of Aug. 29, 2015, the Company had $11.97 billion in total
assets, $11.5 billion in total liabilities and $430 million in
total stockholders' equity

                           *     *     *

In March 2015, Moody's Investor Service confirmed its 'B2'
Corporate Family Rating of Rite Aid.  The confirmation reflects
Moody's expectation that Rite Aid will maintain debt to EBITDA
below 7.0 times after closing the acquisition of Envision
Pharmaceutical Holdings, Inc.

As reported by the TCR on Oct. 2, 2013, Standard & Poor's Ratings
Services said it raised its ratings on Rite Aid, including the
corporate credit rating, which S&P raised to 'B' from 'B-'.

In April 2014, Fitch Ratings upgraded its ratings on Rite Aid,
including its Issuer Default Rating to 'B' from 'B-'.  The upgrades
reflect the material improvement in the company's operating
performance, credit metrics and liquidity profile over the past 24
months.


S.L.B. SEAVIEW: Case Summary & 2 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: S.L.B. Seaview Family Limited Partnership
        330 West 56th Street, Suite 15G
        New York, NY 10019

Case No.: 15-13308

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 17, 2015

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

Judge: Hon. Shelley C. Chapman

Debtor's Counsel: Wayne M. Greenwald, Esq.
                  WAYNE M. GREENWALD, P.C.
                  475 Park Avenue South, 26th Floor
                  New York, NY 10016
                  Tel: (212) 983-1922
                  Fax: (212) 983-1965
                  Email: grimlawyers@aol.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Lauren Irman Yeterian Berger,
president.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/nysb15-13308.pdf


SCIENTIFIC GAMES: Michael Quartieri to Serve as CFO
---------------------------------------------------
Scientific Games Corporation announced that Michael Quartieri will
succeed Scott D. Schweinfurth as the Company's executive vice
president, chief financial officer and secretary, effective as of
the date following Mr. Schweinfurth's separation date.

Mr. Schweinfurth will retire from the Company, effective as of the
later of: (i) the date the Company files its Form 10-K for the year
ended Dec. 31, 2015, and (ii) the date Mr. Schweinfurth's successor
is appointed, provided that his separation date will be no later
than March 15, 2016.

Mr. Quartieri, 47, has served as the Company's vice president and
corporate controller since November 2015.  Mr. Quartieri most
recently served nine years with Las Vegas Sands Corp., ending his
tenure as senior vice president, chief accounting officer, and
global controller.  Previously, he had a 13-year tenure at Deloitte
& Touche, rising to the position of Director of Audit and Assurance
Services and specializing in gaming and hospitality clients.

On Dec. 15, 2015, the Company entered into an amended and restated
employment agreement, effective as of the Effective Date, with Mr.
Quartieri.  The term of Mr. Quartieri's Amended Employment
Agreement extends through Dec. 31, 2018, subject to automatic
extension for an additional year at the end of the term and each
anniversary thereof unless timely notice of non-renewal is given.

Under the Amended Employment Agreement:

  * Mr. Quartieri will receive an annual base salary of $600,000
    and will have the opportunity to earn up to 75% of his base
    salary as incentive compensation based upon achievement of
    target level performance goals for a given year, with an
    opportunity to earn a maximum of 200% of his target bonus upon

    achievement of maximum level performance goals for a given
    year.

  * Mr. Quartieri will be entitled to receive annual equity awards
    in the discretion of the compensation committee of the board
    of directors in accordance with the Company's plans and
    programs for senior executives of the Company.

  * In the event the Company terminates Mr. Quartieri's employment
    without cause or Mr. Quartieri terminates his employment for
    good reason during the term of the Amended Employment
    Agreement, the Company will generally pay severance to Mr.
    Quartieri in an amount equal to the sum of Mr. Quartieri's
    base salary and the highest annual bonus paid to him for the
    two most recent fiscal years (but not more than his target
    bonus for the then-current fiscal year).  If such termination
    occurs within one year following a change in control of the
    Company, the severance amount described in the previous
    sentence will be doubled.  In addition, the Company will
    provide Mr. Quartieri with a pro-rata bonus for the year that
    his termination occurs, reimbursement of monthly COBRA
    premiums for 12 months if he elects to continue medical
    coverage under the Company's group health plan, and full
    vesting of any unvested equity awards held by Mr. Quartieri at

    the time of his termination (other than performance-
    conditioned equity awards which will not vest unless and until

    a determination has been made by the compensation committee
    that the performance criteria have been satisfied).

  * In the event of Mr. Quartieri's death or total disability
    during the term of the Amended Employment Agreement, he will
    not be entitled to any special severance payments (other than
    accrued but unpaid compensation, and payment with respect to
    any insurance policies that may be applicable to him or his
    estate, as the case may be).

Mr. Quartieri's Amended Employment Agreement also contains, among
other things, covenants imposing on him certain obligations with
respect to confidentiality and proprietary information and
restricting his ability to engage in certain activities in
competition with the Company during his employment and for a period
of 12 months after termination.

                    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 Sept. 30, 2015, the Company had $8.61 billion in total
assets, $9.59 billion in total liabilities and a $981 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.


SEARS HOLDINGS: Fairholme Reports 24.9% Equity Stake as of Dec. 17
------------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Fairholme Capital Management, L.L.C. disclosed that as
of Dec. 17, 2015, it beneficially owns 26,603,248 shares of common
stock of Sears Holdings Corporation, representing 24.9 percent of
the shares outstanding.  Bruce R. Berkowitz and Fairholme Funds,
Inc. also reported beneficial ownership of 27,516,248 common shares
and 16,335,473 common shares, respectively.  A copy of the
regulatory filing is available for free at http://is.gd/iYddJ7

                            About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused
on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

For the year ended Jan. 31, 2015, the Company reported a net loss
attributable to Holdings' shareholders of $1.68 billion compared
to a net loss attributable to Holdings' shareholders of $1.36
billion for the year ended Feb. 1, 2014.

As of Oct. 1, 2015, Sears Holdings had $12.76 billion in total
assets, $14.06 billion in total liabilities and a $1.29 billion
total deficit.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to 'Caa1' from 'B3'.  The rating
outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period.  For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year.  Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014.  "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SHORELINE ENERGY: Fails to Implement CCAA Plan of Arrangement
-------------------------------------------------------------
Shoreline Energy Corp. on Dec. 17 disclosed that the conditions
precedent to completion of the transactions contemplated by the
previously announced plan of compromise and arrangement (the
"Plan") proposed by the Company under the Companies Creditors'
Arrangement Act (the "CCAA") have not been satisfied.  As a result,
the Company is unable to obtain a sanction order in order to
implement the Plan.  The current stay of execution pursuant to the
CCAA expires on December 24, 2015 and the Company does not intend
to seek a further extension.  As a result, the board of directors
of the Company has resolved to cause the Company to make an
assignment in bankruptcy pursuant to the Bankruptcy and Insolvency
Act (Canada) on December 23 (the "Assignment").  Pursuant to the
Assignment, it is anticipated that Grant Thornton Limited will be
appointed as the bankruptcy trustee.  In addition, all of the
directors and officers of the Company have tendered their
resignations, with such resignations to be effective December 23
immediately prior to the Assignment.

                  About Shoreline Energy Corp.

Shoreline is a Calgary, Alberta based corporation engaged in the
exploration, development and production of petroleum and natural
gas and is currently operating under the Companies' Creditors
Arrangement Act (Canada).


SIGA TECHNOLOGIES: Inks Deal Resolving $195M Partnership Battle
---------------------------------------------------------------
Cara Salvatore at Bankruptcy Law360 reported that two feuding
military contractors have reached a surprise deal that will help
resolve their $195 million battle over a failed smallpox-drug
partnership, they told a New York bankruptcy judge on Dec. 15,
2015.  SIGA Technologies Inc., which filed for Chapter 11 this year
as a defensive move against the blockbuster Delaware court judgment
for onetime suitor PharmAthene, appeared before Judge Sean Lane on
Dec. 15, saying the two have forged the outlines of a deal and SIGA
has finally submitted its plan of reorganization.

                     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.


SPENDSMART NETWORKS: Files Copy of Investor Presentation with SEC
-----------------------------------------------------------------
Beginning on or about Dec. 14, 2015, representatives of SpendSmart
Networks, Inc. intend to make presentations to investors and these
presentations may include the information contained in the Investor
Presentation Slides, a copy of which is available for free at
http://is.gd/SGcNNW

                    About SpendSmart Networks

SpendSmart Networks, Inc., provides proprietary loyalty systems
and a suite of digital engagement and marketing services that help
local merchants build relationships with consumers and drive
revenues.  These services are implemented and supported by a vast
network of certified digital marketing specialists, aka "Certified
Masterminds," who drive revenue and consumer relationships for
merchants via loyalty programs, mobile marketing, mobile commerce
and financial tools, such as prepaid card and reward systems.  We
enter into licensing agreements for our proprietary loyalty
marketing solution with "Certified Masterminds" which sell and
support the technology in their respective markets.  The Company's
products aim to make Consumers' dollars go further when they spend
it with merchants in the SpendSmart network of merchants, as they
receive exclusive deals, earn rewards and ultimately build a
connection with their favorite merchants.

SpendSmart Networks incurred a net loss of $12.2 million on $4.03
million of total revenues for the year ended Dec. 31, 2014,
compared to a net loss of $14.09 million on $0 of total revenues
for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $8.52 million in total
assets, $4.48 million in total liabilities and $4.04 million in
total stockholders' equity.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has recurring net
losses since inception and has yet to establish a profitable
operation.  These factors among others raise substantial doubt
about the ability of the Company to continue as a going concern.


STELLAR BIOTECHNOLOGIES: Incurs $2.84M Net Loss in Fiscal 2015
--------------------------------------------------------------
Stellar Biotechnologies, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $2.84 million on $758,689 of revenues for the year ended
Sept. 30, 2015.  For the one month ended Sept. 30, 2014, the
Company reported net income of $1.12 million on $52,786 of
revenues.

For the year ended Aug. 31, 2014, the Company posted a net loss of
$8.43 million on $372,132 of revenues compared to a net loss of
$14.49 million on $545,469 of revenues for the year ended Aug. 31,
2013.

As of Sept. 30, 2015, the Company had $10.38 million in total
assets, $2.38 million in total liabilities and $8 million in total
shareholders' equity.

Cash, cash equivalents and short-term investments as of Sept. 30,
2015, were $9.0 million, compared to $13.9 million at Aug. 31,
2014.

"This has been a successful year of strengthening and expansion for
Stellar," said Frank Oakes, president, chief executive officer, and
chairman of Stellar Biotechnologies, Inc.  "Our sales growth is a
reflection of the increasing market demand for KLH in immunotherapy
and, we believe, the growing recognition that Stellar is the leader
in sustainable manufacture of GMP grade KLH products.  Our Stellar
KLH products are now being used in multiple clinical-stage
immunotherapies.  Our expanded supply agreement with Neovacs SA is
an example of the scale-up that immunotherapy developers will
require as they advance through clinical trials and to potential
commercialization.  We believe that our collaboration with Ostiones
Guerrero to secure a new, strategic site for potential expansion of
Stellar KLH aquaculture operations will help to position us to
ensure long-term, scalable supply of KLH for our current and future
customers.  I am particularly proud of our continued strengthening
and maturation as a public company, as evidenced by our uplisting
to the Nasdaq Capital Market."

As previously reported, on June 3, 2014, the Company's Board of
Directors approved a change in the Company's fiscal year end from
August 31 to September 30 of each year, with effect from Sept. 1,
2014.

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

                     http://is.gd/FHirOM

Stellar hosted its year-end 2015 corporate update conference call
and live webcast on Dec. 15, 2015.

                            About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies reported a net loss of $8.43 million for
the year ended Aug. 31, 2014, a net loss of $14.5 million for the
year ended Aug. 31, 2013, and a net loss of $5.52 million for the
year ended Aug. 31, 2012.


TRAVELPORT WORLDWIDE: Appoints Bernard Bot as CFO
-------------------------------------------------
Travelport appointed Bernard Bot as executive vice president and
chief financial officer.  

Bot joins Travelport on Jan. 1, 2016, from Aer Lingus Plc,
Ireland's national airline, where, as the airline's chief financial
officer, he played an instrumental role in completing the recent
EUR1.4bn takeover by IAG (International Airlines Group), the parent
group of both British Airways and Iberia.

A Dutch national, who also speaks fluent English and French, Bot
will be based in the Company's global headquarters in Langley, UK,
and will report into President and CEO, Gordon Wilson.  He will
take over as head of Travelport's finance function which includes
investor relations, M&A, treasury, tax, financial planning and
analysis, audit, controllership and procurement.

Bot will replace incumbent CFO, Philip Emery, who will be taking a
break in his career to spend more time with his family, and the two
will work together during the first few months of 2016 to ensure a
smooth handover of duties.  Emery will also continue in his role as
a board member of Travelport controlled subsidiaries, eNett and
Locomote, until he leaves the company in 2016.

Before joining Aer Lingus, Bot was CFO of TNT Express N.V., the
international courier company listed on NYSE Euronext Amsterdam.
His early career was spent with global management consulting firm,
McKinsey & Company, where he spent twelve years, latterly as
partner.  Bot holds an MSc in Economics from Erasmus University,
Rotterdam, and an MBA from the University of Chicago Booth School
of Business.

Gordon Wilson, president and CEO for Travelport, said:

"Bernard Bot has a very impressive track record - he is a proven
public company CFO with extensive experience of running a finance
function for two high profile, international companies.  He also
possesses strong business acumen, backed by an earlier career in
strategic consultancy, which has enabled him to have an impact way
beyond the immediate remit of his function.  As we continue to
deliver the Travelport vision of redefining travel commerce, having
someone with Bernard's challenging thinking, intellect and
experience on our leadership team will be highly advantageous.

I cannot speak highly enough of Philip Emery who has been a great
colleague and friend over the years and played a significant role
in improving our capital structure which culminated in the
Travelport IPO on the NYSE last year.  He has made a great
strategic contribution to Travelport, and, whilst transitioning out
of the CFO role, he will continue to assist in the
development of our subsidiary businesses for his remaining time
with the company.  He is a real talent and leaves behind him a high
performing and experienced Finance team which Bernard will now
manage."

Bernard Bot added:

"I'm excited to be joining a dynamic management team that is
leading positive change within the travel sector.  I look forward
to applying my knowledge and experience to the Travelport finance
function and business at large.  Travelport has significant growth
opportunities and I look forward to working with Gordon and the
team to capture these and create value for both business partners
and shareholders."

Mr. Bot's annual base salary will be GBP375,000, and his target
bonus will be 100% of his base salary.  In connection with his
hiring, the Company granted Mr. Bot a long term incentive grant,
effective upon his start date, with a value of $1,500,000, which
will consist of restricted share units and performance share
units.

                  About Travelport Worldwide

Travelport Worldwide Limited is a travel commerce platform
providing distribution, technology, payment and other solutions for
the global travel and tourism industry.

As of Sept. 30, 2015, the Company had $2.93 billion in total
assets, $3.29 billion in total liabilities and a $359 million total
deficit.

                           *     *     *

As reported by the TCR in March 2015, Standard & Poor's Ratings
Services raised to 'B' from 'B-' its long-term corporate credit
rating on U.K.-based travel services provider Travelport Worldwide
Ltd.  The rating action reflects Travelport's good operating
performance in 2014.


TREEHOUSE FOODS: S&P Affirms 'BB' CCR, Off CreditWatch Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB' corporate
credit rating on Oak Brook, Ill.–based Treehouse Foods Inc. and
removed the rating from CreditWatch with negative implications. The
outlook is stable.

S&P also affirmed its 'BB' issue-level rating on the company's
existing $400 million 4.875% senior unsecured notes due 2022 and
removed the rating from CreditWatch with negative implications. The
'3' recovery rating (indicating S&P's expectation of 50%-70%
recovery, at the higher end of the range, in the event of a
default) remains unchanged.

In addition, S&P revised its CreditWatch listing on the 'BB' rating
on the company's existing $900 million revolver due 2019, $200
million term loan A-1 due 2019, and $300 million term loan A due
2021 to positive implications from negative.  The positive
implications reflect S&P's expectation that they will become
secured obligations when the transaction is launched and have an
improved recovery position ahead of the unsecured notes.  The '3'
recovery rating on these is unaffected by this revision.  S&P will
review these issue-level ratings upon the company's launch of its
new proposed debt.

"The affirmation reflects our assumption that TreeHouse will
effectively integrate the acquisition, improve its operating
performance, and issue at least $1 billion in common equity to fund
the acquisition," said Standard & Poor's credit analyst Amanda
Cusumano.  "As a result, we expect leverage to decline to near 4x
by the end of 2016, falling to below 4x in the first half of 2017
as compared with roughly 4.5x at the close of the transaction."

The stable outlook reflects S&P's expectation that TreeHouse will
effectively integrate the ConAgra private-label business and
deleverage to the 4x area during 2016 and below 4x by the first
half of 2017.  S&P's leverage estimates are based on the assumption
that the acquisition of the private-label business is funded with
$1.0 billion of common equity.  The stable outlook also includes
S&P's expectation for positive free operating cash flow of at least
$150 million to be applied towards debt reduction.

S&P could consider a downgrade if the company fails to raise $1.0
billion in equity to finance the acquisition, leading to leverage
sustained well over 4.5x in 2016.  S&P could also lower the ratings
if the company experiences integration issues leading to increased
cash costs to build an infrastructure to support the acquisition or
to achieve synergies, lower EBITDA, and lower free operating cash
flow than our base-case assumptions.  More specifically, 150 basis
points of margin contraction either from integration issues,
increased competition, or rising commodity costs, could weigh
negatively on the ratings.

While unlikely during the next 12 months, S&P could consider an
upgrade if the company successfully integrates and restores the
margin profile of the private-label business of ConAgra, through
improved order fill rates and relationships with customers, and a
leaner cost structure, leading to a higher business risk
assessment.  S&P could also consider a higher rating if the company
demonstrates the willingness to maintain leverage below 3.5x.  S&P
believes this could occur if the company forgoes sizable
acquisitions and applies excess cash flow to debt reduction.



TRUCK HERO: S&P Affirms 'B' ICR Then Withdraws All Ratings
----------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' issuer credit
rating on Ann Arbor, Mich.-based auto supplier Truck Hero Inc.  The
outlook is stable.

S&P subsequently withdrew all of the ratings at the request of the
issuer, including the corporate credit rating and 'B' issue-level
ratings on the proposed $390 million term loan and $50 million
revolver under the borrower Tectum Holdings Inc.

The withdrawal is at the issuer's request following the
postponement of the company's proposed initial public offering and
proposed senior secured credit facilities.

The rating affirmation reflects S&P's view of the company's niche
position in a fragmented market, narrow product portfolio with
discretionary demand, high debt leverage, and aggressive pace of
acquisitions.

As a result of the delay in the IPO S&P expects the company's
debt-to-EBITDA ratio to be significantly greater than 5x, worse
than S&P's prior expectations.  Prior to withdrawal, S&P revised
its financial policy modifier to FS-6 from FS-5 to reflect the
higher debt burden at the entity.  In S&P's view, this risk is
offset by more favorable free operating cash flow relative to the
range typically associated with lower rated entities.



WAVE SYSTEMS: Nolan Bushnell Quits as Director
----------------------------------------------
Nolan Bushnell resigned from his position as a director of Wave
System Corp and also resigned from his position as a member of the
Company's Compensation Committee and Audit Committee, effective
Dec. 10, 2015.  In conjunction with Mr. Bushnell's resignation, the
Board eliminated the vacancy caused by Mr. Bushnell's resignation
by reducing the size of the Board by one member to four.

Mr. Bushnell, one of the Company's directors, did not receive the
required majority vote for re-election to the Company's Board of
Directors at the Company's Annual Meeting of stockholders held on
June 18, 2015.

Immediately after the Annual Meeting, and in connection with the
Company's Director Resignation Policy, (i) Mr. Bushnell tendered
his resignation to the Board and (ii) the Company's Nominating and
Governance Committee was tasked with considering whether to accept
or reject Mr. Bushnell's tendered resignation prior to Dec. 15,
2015.  On Dec. 10, 2015, the Nominating Committee recommended to
the Board that Mr. Bushnell's resignation be accepted and the Board
accepted the recommendation of the Nominating Committee.

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that Wave
Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


WAVE SYSTEMS: Secures $3 Million Secured Financing From MBFG
------------------------------------------------------------
Wave Systems Corp. has completed a financing agreement with Marble
Bridge Funding Group, Inc. in the form of a secured accounts
receivable and purchase orders financing facility of up to $3
million.  The Company has also engaged GrowthPoint Technology
Partners to advise it in evaluating its strategic alternatives,
including potential M&A opportunities.

Advances on the accounts receivable facility will be made on
qualified accounts receivable that are approved by MBFG.  The
duration of this facility is for 12 months with an automatic
12-month renewal unless Wave terminates the facility or is in
default with MBFG.

Advances on the purchase order facility can be made on qualified
purchase orders or contracts approved by MBFG that will convert
into an account receivable within 45 days from funding.  The
duration of the purchase order facility is for 9 months or the
termination of the credit facility, whichever occurs first.

Additionally, Wave issued a total of 5.5 million warrants to MBFG
and its co-lender of Class A common stock at an exercise price of
$0.15 per share.  These warrants cannot be exercised for a period
six months after the effective date of the transaction and will
expire on the fifth anniversary of the issue date.

"Closing on this financing agreement is an important development
for Wave as it provides capital to help finance current operations
and was an important condition for us to engage a firm to advise us
on pursuing our strategic alternatives," said Bill Solms, president
and CEO, Wave Systems Corp.  "This type of financing facility is
not new to Wave as the Company factored its royalties from Dell for
several years.  Wave is continuing to pursue raising additional
capital to meet our needs as required."

Additional information is available for free at:

                       http://is.gd/UIGxSb

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems reported a net loss of $12.9 million in 2014, a net
loss of $20.3 million in 2013 and a net loss of $34 million in
2012.

KPMG LLP, in Hartford, Connecticut, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that Wave
Systems Corp. has suffered recurring losses from operations
and has a net capital deficiency that raise substantial doubt about
its ability to continue as a going concern.


WORLD WIDE WHEAT: Section 341 Meeting Scheduled for Jan. 19
-----------------------------------------------------------
A meeting of creditors in the bankruptcy cases of World Wide
Wheat-Australia, LLC and World Wide Wheat, LLC will be held on Jan.
19, 2016, at 11:00 a.m. at US Trustee Meeting Room, 230 N. First
Avenue, Suite 102, Phoenix, Arizona.

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

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

                    About World Wide Wheat

World Wide Wheat-Australia, LLC (Case No. 14-15807) and World Wide
Wheat, LLC (Case No. 15-15808) filed Chapter 11 bankruptcy
petitions (Bankr. D. Ariz.) on Dec. 16, 2015.  The petition was
signed by Barbara Richardson, member and manager.  The Debtors
estimated both assets and liabilities in the range of $10 million
to $50 million.  Vandeventer Law represents the Debtors as counsel.
Judge Madeleine C. Wanslee has been assigned the case.


WPCS INTERNATIONAL: Incurs $1.98-Mil. Net Loss in Second Quarter
----------------------------------------------------------------
WPCS International Incorporated filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss attributable to common shareholders of $1.98 million on
$3.82 million of revenue for the three months ended Oct. 31, 2015,
compared to a net loss attributable to common shareholders of $3.83
million on $6.08 million of revenue for the same period in 2014.

For the six months ended Oct. 31, 2015, the Company reported a net
loss attributable to common shareholders of $6.16 million on $8.28
million of revenue compared to a net loss attributable to common
shareholders of $6.14 million on $12.15 million of revenue for the
same peirod a year ago.

As of Oct. 31, 2015, the Company had $7.42 million in total assets,
$4.58 million in total liabilities and $2.84 million in total
equity.

As of Oct. 31, 2015, the Company had working capital of
approximately $2,713,000, which consisted of current assets of
approximately $7,256,000 and current liabilities of approximately
$4,543,000.  This compares to a working capital deficiency of
approximately $1,246,000 at April 30, 2015.  The current
liabilities as presented in the balance sheet at Oct. 31, 2015,
primarily include approximately $2,758,000 of accounts payable and
accrued expenses, $106,000 of dividends payable and approximately
$1,550,000 of billings in excess of costs and estimated earnings on
uncompleted contracts.

The Company's cash and cash equivalents balance at Oct. 31, 2015,
was approximately $2,515,000.

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

                     http://is.gd/b2p2NG

             About WPCS International Incorporated

WPCS -- http://www.wpcs.com/-- operates in two business segments
including: (1) providing communications infrastructure contracting
services to the public services, healthcare, energy and corporate
enterprise markets worldwide; and (2) developing a Bitcoin trading
platform.

WPCS reported a net loss attributable to the Company's common
shareholders of $11.3 million on $24.4 million of revenue for the
year ended April 30, 2015, compared with a net loss attributable to
the Company's common shareholders of $11.2 million on $15.7 million
of revenue for the year ended April 30, 2014.


ZLOOP INC: Needs Until March 6 to Decide on Leases
--------------------------------------------------
ZLOOP, Inc., and certain of its subsidiaries ask the U.S.
Bankruptcy Court for the District of Delaware to extend until March
6, 2015, the period to assume or reject any unexpired
nonresidential real property leases under Section 365(d)(4) of the
Bankruptcy Code.

The Debtors operate a proprietary, state of the art, 100% landfill
free eWaste recycling company and have many creditors, vendors,
suppliers, and contract counterparties. Moreover, the Debtors have
several matters in which they are currently engaged in litigation.
During the time since the Commencement of these cases, significant
progress has been made in the Debtors' efforts to maximize value
for their constituencies, including through reaching of a
standstill agreement between the Debtors, the Committee and Mr.
Mosing that will permit the Debtors to focus on developing a viable
exit strategy and plan of reorganization.

Contemporaneously, the Debtors are seeking an extension of the
exclusive period in which to file and solicit a plan.  

Accordingly, extending the date through and including March 6,
2016, is necessary and appropriate to ensure that the Debtors are
able to assume and assign any applicable Real Property Leases in
connection with any plan of reorganization or other asset
disposition strategy.

ZLOOP, Inc. is represented by:

         Stuart M. Brown, Esq.
         R. Craig Martin, Esq.
         Daniel N. Brogan, Esq.
         Kaitlin M. Edelman, Esq.
         DLA PIPER LLP (US)
         1201 North Market Street, Suite 2100
         Wilmington, Delaware 19801
         Telephone: (302) 468-5700
         Facsimile: (302) 394-2341
         Email: stuart.brown@dlapiper.com
                craig.martin@dlapiper.com
                daniel.brogan@dlapiper.com
                kaitlin.edelman@dlapiper.com

                      About ZLOOP, Inc.

ZLOOP, Inc., and two affiliates sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-11660) on Aug. 9, 2015.  

ZLOOP operates a proprietary, state of the art, 100% landfill free
eWaste recycling company headquartered in Hickory, North Carolina.

The Debtors tapped DLA Piper LLP as counsel.

As of the Petition Date, the Debtors' unaudited consolidated
balance sheet reflect total assets of approximately $25 million,
including the land and improvements, but excluding certain
commodity inventories that are the output of eWaste recycling, and
total liabilities of approximately $32 million.

On Sept. 2, 2015, the U.S. trustee overseeing the Debtors' Chapter
11 cases appointed Recycling Equipment Inc., E Recycling Systems
LLC and Carolina Metals Group to serve on the official committee of
unsecured creditors.  The committee is represented by Cole Schotz
P.C.


[*] Debt Restructuring Rider Dropped From Omnibus Spending Bill
---------------------------------------------------------------
Carmen Germaine at Bankruptcy Law360 reported that a proposed rider
to the omnibus spending bill that would have amended a federal law
protecting bondholders, a law at issue in Caesars Entertainment
Operating Co. Inc.'s bankruptcy, has been dropped after facing a
wave of pushback from critics including asset managers and law
professors.  The amendment, proposed by Sen. Harry Reid, R-Nev.,
would have amended the Trust Indenture Act of 1939 to change when
bondholders' rights to payment and to bring suit are impaired.


[*] Weil Gotshal's Ray Schrock Named Law360's Bankruptcy MVP
------------------------------------------------------------
Pete Brush at Bankruptcy Law30 reported that Weil Gotshal & Manges
LLP partner Ray Schrock's assistance in guiding the A&P grocery
chain to a job-saving asset sale and his work in helping obtain a
$300 million emergency boost for foreign exchange trader FXCM Inc.
showed his skill in aiding both clients battling long-term
headwinds and those dealing with the unexpected, and landed him on
Law360's list of 2015 Bankruptcy MVPs.



                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
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firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
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                   *** End of Transmission ***