TCR_Public/160111.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, January 11, 2016, Vol. 20, No. 11

                            Headlines

1341 ROUTE 17B: Case Summary & 8 Largest Unsecured Creditors
22ND CENTURY: Expects $12 Million Revenues From Sale for 2016
30DC INC: CFO Reports 5.7% Equity Stake as of July 30
30DC INC: Gregory Laborde Reports 6% Stake as of Jan. 8
30DC INC: Henry Pinskier Reports 5.8% Stake as of Dec. 22

30DC INC: Incurs $371,000 Net Loss in First Quarter
8 SPEED8: Snell & Wilmer Says Racketeering Suit Still Deficient
AMERICAN APPAREL: Former CEO Makes Bid for Bankrupt Retailer
AMPLIPHI BIOSCIENCES: Acquires Novolytics' S. aureus Business
ANACOR PHARMACEUTICALS: BlackRock Reports 10% Stake as of Dec. 31

ANDALAY SOLAR: Amends Loan Agreement with Alpha Capital
ARCHDIOCESE OF ST. PAUL: Court Approves Hiring of Clifton Larson
ARCHDIOCESE OF ST. PAUL: Court OKs Regnier as Loss Reserve Analyst
ATLANTIC MANAGEMENT: Files for Ch 11, Halts Wayne's Waterside Sale
BANKS ISLAND: Files for Bankruptcy Under Canada's BIA

BERNARD L. MADOFF: PwC to Pay $55-Mil. to Settle Feeder Fund Suit
BIOLIFE SOLUTIONS: Offering $20 Million Worth of Securities
BIOLIFE SOLUTIONS: Sees $1.8M Q4 Biopreservation Media Revenue
BLONDER TONGUE: Has Going Concern Doubt amid Liquidity Constraints
BRANTLEY LAND: Jan. 14 Hearing on Approval of Settlement with SB&T

BRIGHTLEAF POWER: Case Summary & 15 Largest Unsecured Creditors
BRIGHTLEAF TECHNOLOGIES: Case Summary & 20 Top Unsecured Creditors
BUNKERS INTERNATIONAL: UCC Balks at C1 Bank Bid for Stay Relief
CAREFREE WILLOWS: Schwartz Flansburg Files Rule 2019 Statement
CENTRAL METAL: Cal. Ct. App. Affirms Order on Bank's Anti-SLAPP Bid

CHARLES RIVER: Moody's Affirms Ba2 CFR, Outlook Revised to Stable
CHESAPEAKE ENERGY: Moody's Changes PDR to 'B2-PD/LD'
COATES INTERNATIONAL: Gets $30,000 From SPA and Conv. Note
COLT DEFENSE: Forced to Rework Ch. 11 Plan After Sciens Default
COMMUNICATIONS SALES: Fitch Affirms 'BB' Issuer Default Rating

COVENTRY LOCAL SCHOOL: Moody's Affirms Ba2 Rating on GOULT Debt
CROSSMARK HOLDINGS: S&P Affirms 'B-' CCR, Outlook Stable
CTI BIOPHARMA: Annual Shareholders Meeting Set for April 29
CUSTOM BYTES: Files for Chapter 11 Bankruptcy Protection
DANA HOLDING: Moody's Affirms Ba3 CFR, Outlook Changed to Stable

DANDRIT BIOTECH: Adjourns Annual Meeting Indefinitely
DOVER DOWNS: CEO's Annual Salary Stays at $300,000
ENCINO CORPORATE: Case Summary & 20 Largest Unsecured Creditors
ENCINO CORPORATE: Section 341 Meeting Set for Feb. 4
ENERGY FUTURE: Inks $300M Settlement Over Smelting Facility

ETRADE FINANCIAL: DBRS to Withdraw 'BB' Debt Ratings
FINGER LICKIN': Court Confirms Plan of Reorganization
FIRST DATA: To Borrow up to $230 Million From PNC Bank
FOUNDATION HEALTHCARE: Completes $33 Million UGH Acquisition
FOUNDATION HEALTHCARE: Signs Credit Agreement with Texas Capital

FPMC AUSTIN: Hospital Fails to Open; Files for Chapter 11
GENCO SHIPPING: Fisher Brothers' Appeal Remanded to Bankr. Court
GT ADVANCED: Jan. 15 Set as Administrative Claims Bar Date
HAGGEN HOLDINGS: Court Approves $1.6-Million KERP
HAGGEN HOLDINGS: Court OKs Store Closing Assets Sale Procedures

HAGGEN HOLDINGS: Hilco Retention Without Application Questioned
HAGGEN HOLDINGS: To Assume Supplements to Hilco Pact
HCSB FINANCIAL: Chief Credit Officer Glenn Bullard Retires
HCSB FINANCIAL: Johnny Allen Quits as Director
HEBREW HOSPITAL: Case Summary & 20 Largest Unsecured Creditors

HEXION INC: Signs Separation Agreement with EVP and CFO
HOVENSA LLC: Seeks to Honor Consultant Agreements, Pay Bonuses
HOVENSA, LLC: Has Exclusive Right to File Plan Until March 14, 2016
IDERA PHARMACEUTICALS: Appoints Maxine Gowen to Board
IDERA PHARMACEUTICALS: Board Approves Executive Compensation

IHEARTCOMMUNICATIONS: Closes Sale of Outdoor Markets for $458.5M
IHEARTMEDIA INC: S&P Lowers CCR to 'CCC', Outlook Negative
IMPLANT SCIENCES: Has Going Concern Doubt, Need for Add'l Capital
INTERACTIVE DATA: S&P Withdraws 'B' Corporate Credit Rating
IRONSTONE GROUP: CFO Eugene Yates Resigns

ISIGN SOLUTIONS: Stockholders Elect Seven Directors
LAMAR ADVERTISING: Clear Channel Deal No Impact on Moody's Ba2 CFR
LATTICE INC: Capital Deficit, Debt Raise Going Concern Doubt
LEHMAN BROTHERS: Court Grants ANZ Nominees' Bid to Dismiss Suit
LEVEL 3: May Issue 400,000 Shares Under 401(k) Plan

LOCAL CORP: Taps Rickmeyer & Associates as Tax Services Provider
LOCATION BASED TECHNOLOGIES: Reports End-of-Year Status
LONESTAR GEOPHYSICAL: Cypress Springs' Bid to Dismiss Suit Granted
LPATH INC: Has Until July 5 to Regain NASDAQ Listing Compliance
LWP CAPITAL: Names KSV Advisory as Liquidator; Directors Resign

MEDICAL ALARM: Incurs $177,000 Net Loss in First Quarter
MEDICURE INC: Partners with Apicore to Develop New Drug
MELA SCIENCES: Posts Net Loss in Q3 2015, Has Going Concern Doubt
MGT CAPITAL: Recurring Losses Raise Going Concern Doubt
MICROSEMI CORP: Moody's Rates Senior Unsecured Notes 'B2'

MOLYCORP INC: Bidders Offer to Pay More for Non-U.S. Assets
MUSCLEPHARM CORP: OKs Termination of President's Employment
NEIMAN MARCUS: S&P Lowers CCR to 'B-' on Weakened Performance
NET ELEMENT: Offering $50 Million Worth of Securities
NICA HOLDINGS: 11th Circ. Recommends Dismissal of Bankruptcy Case

NUSTAR LOGISTICS: Fitch Affirms 'BB' Issuer Default Rating
OAKFABCO INC: Has Until May 20 to File Ch. 11 Plan
PATRIOT COAL: Hires Desai Eggmann as Missouri Counsel
PHOTOMEDEX INC: Gets $4 Million Advance Financing From CC Funding
PITTSBURGH CORNING: Sees Light at End of Bankruptcy Tunnel

PREMIER EXHIBITIONS: Delays Draws Under Secured Note with Mr. Gao
PREMIER EXHIBITIONS: Inks Employment Pact with President & CEO
QUICKSILVER RESOURCES: UCC Wants Sale Proceeds Held in Escrow
QUICKSILVER RESOURCES: Wants $1.45-Mil. Bonus for Employees
RELATIVITY MEDIA: Sells Select Music Assets for $1.1 Million

RESTORGENEX CORP: Completes Merger with Diffusion Pharmaceuticals
RITE AID: Approves Retention Program for Executives
RITE AID: Reports $59.5 Million Net Income for Third Quarter
ROSETTA GENOMICS: Grants Sublicenses to Mirna Therapeutics
ROTONDO WEIRICH: Seeks Approval of Univest Settlement Agreement

SABINE OIL: Unsecured Creditors Seek Standing to Sue
SAM WYLY: IRS Could Win Big in $2.2 Billion Tax Claim Trial
SAMSON RESOURCES: Defends Terms of Kirkland & Ellis Employment
SAMSON RESOURCES: March 14 Set as Governmental Bar Date
SAMSON RESOURCES: Wants Until April 13, 2016 to Decide on Leases

SEANERGY MARITIME: To Effect a 1-for-5 Reverse Stock Split
SPANISH BROADCASTING: Closes Exchange of Stations in Puerto Rico
SPENDSMART NETWORKS: Has Going Concern Doubt Amid Recurring Losses
SPIRE CORP: Roger Little Quits as Director
STONE ENERGY: Moody's Cuts CFR to B3, Outlook Negative

SUNCOR FONTANA: Court Issues Prelim. Injunction vs. Yang, et al.
SWIFT ENERGY: Gets Interim OK to Tap Part of $75M DIP Financing
TECHPRECISION CORP: Loan & Notes Maturity Date Extended to Jan. 22
TEMPNOLOGY: Coolcore LLC Acquires All Assets
THORNTON & CO: Case Converted to Ch. 7 Despite Debtor's Objection

TROJE'S TRASH: Case Summary & 20 Largest Unsecured Creditors
UMASS MEMORIAL: Moody's Upgrades Revenue Bonds Rating From Ba1
UNIVERSITY GENERAL: Completes Asset Sale to Foundation HealthCare
US AIRWAYS: Fitch Withdraws 'BB-' IDR Over Merger Completion
US STEEL CANADA: Parent Considers Liquidation of Troubled Unit

UTGR INC: Court Grants Insurers' Summary Judgment Bid in "Moulton"
VERSO PAPER: Sells Androscoggin Power Business to Eagle Creek
VYCOR MEDICAL: Fountainhead Holds 49.9% Stake as of Dec. 31
WESTMORELAND COAL: DG Capital Reports 8.4% Stake as of Jan. 6
WILLIAMS COMPANIES: Moody's Reinstates 'Ba1' Corp. Family Rating

YELLOWSTONE MOUNTAIN: Forner Owner Jailed for Civil Contempt
YOSEN GROUP: Posts Net Loss in Q3 of 2015, Has Going Concern Doubt
ZOHAR CDO 2003-1: Court to Test Motives in Bankruptcy Fight
ZOHAR CDO 2003-1: Lynn Tilton Fight With MBIA Goes On
ZYNEX INC: Limited Liquidity, et al., Raise Going Concern Doubt

[*] Joseph G. Rosania Appointed to D. Colorado Bankruptcy Bench
[*] Snell & Wilmer Says Racketeering Suit Is Still Deficient
[*] Weltman Weinberg Taps Casey Hicks as New OMA in Chicago
[^] BOND PRICING: For the Week from January 4 to 8, 2016

                            *********

1341 ROUTE 17B: Case Summary & 8 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: 1341 Route 17B, LLC
        134 Broadway, Suite 405
        Brooklyn, NY 11249

Case No.: 16-35023

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: January 8, 2016

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

Judge: Hon. Cecelia G. Morris

Debtor's Counsel: Thomas Genova, Esq.
                  GENOVA & MALIN, ATTORNEYS
                  Hampton Business Center
                  1136 Route 9
                  Wappingers Falls, NY 12590-4332
                  Tel: (845) 298-1600
                  Fax: (845) 298-1265
                  Email: genmallaw@optonline.net

Total Assets: $349,025

Total Debts: $1.61 million

The petition was signed by Nechemye Feuerwerker, sole member.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/nysb16-35023.pdf


22ND CENTURY: Expects $12 Million Revenues From Sale for 2016
-------------------------------------------------------------
22nd Century Group, Inc. preliminarily expects to generate revenues
from the sales of products of at least $12 million for the year
ending Dec. 31, 2016, an increase of 50% when compared to the
recently issued expectations for 2015.

                       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.


30DC INC: CFO Reports 5.7% Equity Stake as of July 30
-----------------------------------------------------
Theodore A. Greenberg, the chief financial officer of 30DC, Inc.,  
disclosed in an amended Schedule 13D filed with the Securities and
Exchange Commission that as of July 30, 2015, he beneficially owns
2,180,770 common shares and 1,500,000 unexercised stock options of
30DC, Inc., representing 5.69 percent of the shares outstanding.
A copy of the regulatory filing is available at:

                     http://is.gd/NVc5Sg

                        About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

30DC reported a net loss of $1.59 million on $738,000 of total
revenue for the year ended June 30, 2015, compared to net income of
$58,918 on $2.35 million of total revenue for the year ended June
30, 2014.

As of Sept. 30, 2015, the Company had $1.11 million in total
assets, $2.43 million in total liabilities and a $1.31 million
total stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has accumulated losses
from operations since inception and has a working capital deficit
as of June 30, 2015.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


30DC INC: Gregory Laborde Reports 6% Stake as of Jan. 8
-------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Gregory H. Laborde disclosed that he beneficially owns
3,807,250 shares of common stock of 30DC, Inc., representing 6.03%
based upon 63,159,783 shares issued and outstanding as of Jan. 8,
2016.  A copy of the regulatory filing is available for free at:

                       http://is.gd/5ZMzo5

                         About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

30DC reported a net loss of $1.59 million on $738,000 of total
revenue for the year ended June 30, 2015, compared to net income of
$58,918 on $2.35 million of total revenue for the year ended June
30, 2014.

As of Sept. 30, 2015, the Company had $1.11 million in total
assets, $2.43 million in total liabilities and a $1.31 million
total stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has accumulated losses
from operations since inception and has a working capital deficit
as of June 30, 2015.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


30DC INC: Henry Pinskier Reports 5.8% Stake as of Dec. 22
---------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Henry Pinskier disclosed that as of Dec. 22, 2015, he
beneficially owns 1,500,000 unexercised stock options directly;
1,747,000 common shares indirectly and beneficially through
Meadsview Pty Ltd as Trustee for the Pinskier Family Trust and
500,000 common shares indirectly and beneficially through Meadsview
ATF Super Benef, representing 5.79% of the shares outstanding.

Mr. Pinskier, age 55, joined 30DC, Inc.'s board of directors on
Oct. 11, 2012, was elected Chairman of the Board on Jan. 31, 2013,
and Interim CEO on July 30, 2015.  Mr. Pinskier serves as Chair and
Joint Owner (1993- current) of Medi7 Pty Ltd., a General Practice
medical services company with 100 Doctors and staff across multiple
clinics in Melbourne Australia.  Mr. Pinskier also currently serves
as Chair for Spondo P/L an unlisted Public Company, which provides
syndicated, secure easy to use video on demand system utilizing Pay
Per View with a multi-level payment distribution process.  He has
previously served on the boards of 3 publicly listed companies in
Australia related to Health technology in the area of Medical
devices and services as well as having served as a Director of a
Private US company with an Australian subsidiary delivering safety
surveillance services.  Mr. Pinskier has been involved in the
Health Sector and IT /IM sector as well as having served as a
Director in the past on a number of Victorian public sector
organizations, VMIA the State Government of Victoria's Insurance
Company from 2005-2011, Yarra Valley Water from 2008-2011 and The
Alfred Group of Hospitals from 2000-2009.  From 1985 until 2000, he
practiced medicine.  Across the different organizations he Chaired
Strategy subcommittees, Risk and Audit Committees, Nomination
Committees and been part of Finance Committees.  Mr. Pinskier
attended and graduated MBBS from Monash University in 1984.

On Dec. 22, 2015, Mr. Pinskier entered into an agreement with 30DC,
Inc.  Mr. Pinskier received 2,000,000 shares of common stock
pursuant to the Services Agreement.

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

                       http://is.gd/JyEyJ8

                         About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

30DC reported a net loss of $1.59 million on $738,000 of total
revenue for the year ended June 30, 2015, compared to net income of
$58,918 on $2.35 million of total revenue for the year ended June
30, 2014.

As of Sept. 30, 2015, the Company had $1.11 million in total
assets, $2.43 million in total liabilities and a $1.31 million
total stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has accumulated losses
from operations since inception and has a working capital deficit
as of June 30, 2015.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


30DC INC: Incurs $371,000 Net Loss in First Quarter
---------------------------------------------------
30DC, Inc., filed with the Securities and Exchange Commission its
quarterly report on Form 10-Q disclosing a net loss of $370,602 on
$67,905 of total revenue for the three months ended Sept. 30, 2015,
compared to net income of $31,680 on $603,244 of total revenue for
the same period in 2014.

As of Sept. 30, 2015, the Company had $1.11 million in total
assets, $2.43 million in total liabilities and a $1.31 million
total stockholders' deficit.

                Liquidity and Capital Resources

The Company had a cash balance of $58,382 at September 30, 2015 and
the Company had a working capital deficit of $2,233,054.  To fund
working capital  for the next 12 months, the Company expects to
raise capital and to improve the results of operations from
increasing revenue as well as a reduction in operating costs.  The
Company expects increased revenue from further sales of MagCast
Publishing Platform and by marketing to customers outside its
historical customer base with the goal of recurring revenue through
annual licenses.  The Company also expects increased revenue by
introducing new products some of which will be extensions of
existing product lines.  Additionally, the Company intends to
increase funds available by raising capital, though at this time
the Company has not commenced any offerings and cannot guarantee
that they will be successful in its capital raising efforts.  If
the results of operations and capital raised, if any, are not
sufficient to fund the Company's expenses as they come due, the
Company will defer amounts due to related parties and to the extent
possible utilize shares of the Company to satisfy its liabilities.

Included in liabilities of discontinued operations at September 30,
2015 is $50,550 in notes payable plus related accrued interest that
are in default for lack of repayment by their due date.

During the three month period ended September 30, 2015, operating
activities used $8,289.  During the three month period ended
September 30, 2014, operating activities provided the Company with
$80,909.  The decrease of $89,198 in funds provided by operating
activities was a combination of a number of increases and decreases
including the decrease in net income from continuing operations of
approximately $248,000 and an approximately $70,000 decrease from
change accrued expenses and refunds primarily due to the $40,000
accrual of audit fees and approximately $23,000 due to accrual of
commissions and credit card processing fees for sales during the
July 2014 MagCast promotion included in accounts receivable.  This
was offset by a net decrease of approximately $43,000 in the
reduction in restricted cash held in reserve by the Company's
credit card processor, net increase of approximately $122,000 from
the change in accounts receivable due to higher accounts receivable
at September 30, 2014 resulting from sales under payment plans
during the MagCast sales promotion in July 2014, an increase in
change deferred revenue of approximately $23,000 due to sale of
annual licenses during the July 2015 MagCast promotion resulting in
revenue being recognized ratably over the one year license period
offset by lower change in deferred revenue from DFY MagCast service
sales, approximately $49,000 increase in change of the amount due
to related parties due to larger deferral of amounts due to the
Company's director, CFO for services and Netbloo under their
contractor agreement due to the Company's limited liquidity.

                           Going Concern

As of September 30, 2015, the Company has a working capital deficit
of approximately $2,233,000 and has accumulated losses of
approximately $5,054,000 since its inception.  The Company's
ability to continue as a going concern is dependent upon the
ability of the Company to obtain the necessary financing or to earn
profits from its business operations to meet its obligations and
pay its liabilities arising from normal business operations when
they come due.  In the past few years, the Company switched its
focus to developing its own products.  In May 2012, the Company
launched MagCast which the Company expects to be an integral part
of its businesses on an ongoing basis.  MagCast is being sold
directly to customers and through an affiliate network which
expands the Company's selling capability and has a broad target
market beyond the Company's traditional customer base. Until the
Company achieves sustained profitability it does not have
sufficient capital to meet its needs and continues to seek loans or
equity placements to cover such cash needs.

No commitments to provide additional funds have been made and there
can be no assurance that any additional funds will be available to
cover expenses as they may be incurred.  If the Company is unable
to raise additional capital or encounters unforeseen circumstances,
it may be required to take additional measures to conserve
liquidity, which could include, but not necessarily be limited to,
issuance of additional shares of the Company's stock to settle
operating liabilities which would dilute existing shareholders,
curtailing its operations, suspending the pursuit of its business
plan and controlling overhead expenses.  The Company cannot provide
any assurance that new financing will be available to it on
commercially acceptable terms, if at all. These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.

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

                        http://is.gd/2ndn4s

                          About 30DC Inc.

New York-based 30DC, Inc., provides Internet marketing services
and related training to help Internet companies in operating their
businesses.  It operates in two divisions, 30 Day Challenge and
Immediate Edge.

30DC reported a net loss of $1.59 million on $738,000 of total
revenue for the year ended June 30, 2015, compared to net income of
$58,918 on $2.35 million of total revenue for the year ended June
30, 2014.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has accumulated losses
from operations since inception and has a working capital deficit
as of June 30, 2015.  These conditions raise substantial doubt
about the Company's ability to continue as a going concern.


8 SPEED8: Snell & Wilmer Says Racketeering Suit Still Deficient
---------------------------------------------------------------
Dani Meyer at Bankruptcy Law360 reported that a suit -- previously
dismissed as "mostly incoherent" -- accusing Snell & Wilmer LLP of
conspiring to bankrupt a payment terminal company is still
deficient and must be permanently tossed, the firm told a Florida
federal court Jan. 4, 2016.

Edward Mandel and his company, Vibe Micro Inc., were given 10 days
to make changes to their Racketeer Influenced and Corrupt
Organizations Act suit accusing Snell & Wilmer and Mandel's former
business partners of conspiring to put 8 Speed8 Inc. into a
bad-faith bankruptcy.

                          About 8 Speed8

8 Speed8, Inc., a Las Vegas, Nevada-based payment terminal company,
was subject to an involuntary Chapter 7 petition (Bankr. D. Nev.
Case No. 13-20371) filed by SIG Capital Inc. on Dec. 13, 2013.
Judge Laurel E. Davis was assigned to the case.  The case was
terminated

SIG Capital is represented by:

         Robert R. Kinas
         SNELL & WILMER LLP
         3883 Howard Hughes Parkway #1100
         Las Vegas, NV 89169
         Tel: (702)784-5200
         Fax: (702)784-5252
         E-mail: rkinas@swlaw.com

               - and -

         Eric S. Pezold
         SNELL & WILMER LLP
         600 Anton Blvd, Ste 1400
         Costa Mesa, CA 92626
         Tel: (714) 427-7000
         E-mail: epezold@swlaw.com

               - and -

         David A. Stephens
         STEPHENS GOURLEY & BYWATER
         3636 N. RANCHO DR.
         LAS VEGAS, NV 89130
         Tel: (702) 656-2355
         Fax : (702) 656-2776
         E-mail: dstephens@sgblawfirm.com

The Debtor is represented by:

         John J. Laxague
         CANE CLARK LLP
         3273 E. WARM SPRINGS RD.
         LAS VEGAS, NV 89120
         Tel: (702) 312-6255
         Fax: (702) 944-7100
         E-mail: jlaxague@caneclark.com
         (terminated June 23, 2014)

               - and -

         Kirk Nevada Walker
         BAUMAN LOEWE WITT & MAXWELL, PLLC
         411 E. Bonneville Ave., Ste. 100
         Las Vegas, NV 89101
         Tel: (702) 462-6300
         Fax: (702) 462-6303
         E-mail: kwalker@blwmlawfirm.com



AMERICAN APPAREL: Former CEO Makes Bid for Bankrupt Retailer
------------------------------------------------------------
Lillian Rizzo, writing for Dow Jones' Daily Bankruptcy Review,
reported that former American Apparel Inc. Chief Executive Dov
Charney has found an investor to back a rival bid for the bankrupt
retailer valued at more than $200 million, according to people
familiar with the situation.

According to the report, Mr. Charney's investor's identity hasn't
been disclosed, but people familiar with the situation say it is a
privately held company.

                      About American Apparel

American Apparel, Inc., American Apparel (USA), LLC,  American
Apparel Retail, Inc., American Apparel Dyeing & Finishing, Inc.,
KCL Knitting, LLC and Fresh Air Freight, Inc. sought Chapter 11
bankruptcy protection (Bankr. D. Del. Proposed Lead Case No.
15-12055) on Oct. 5, 2015.  The petition was signed by Hassan
Natha as chief financial officer.

The Debtors reported total assets of $199,360,934 and total
liabilities of $397,576,744.

The Debtors and their non-debtor affiliates operate a vertically
integrated manufacturing, distribution, and retail business
focused
on branded fashion-basic apparel, employing approximately 8,500
employees across six manufacturing facilities and approximately
230
retail stores in the United States and 17 other countries
worldwide.

The Debtors have engaged Jones Day as restructuring counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, Moelis &
Company as investment banker, FTI Consulting, Inc. as financial
advisor, DJM Real Estate as real estate consultant and Garden City
Group, LLC as claims and noticing agent.

                       *     *     *

A hearing to consider confirmation of American Apparel, Inc., et
al.'s Joint Plan of Reorganization will be held before Judge
Brendan L. Shannon of the U.S. Bankruptcy Court for the District
of
Delaware on Jan. 20, 2016 at 10:00 a.m. (prevailing Eastern Time).

The Plan will allow the Debtors to strengthen their balance sheet
by converting over $200 million of Prepetition indebtedness into
Reorganized American Apparel Equity Interests and enabling the
Debtors to obtain a material infusion of new equity and debt
capital upon emergence that will permit the Debtors to exit
bankruptcy protection expeditiously and with sufficient liquidity
to implement their business plan.  In addition, the Plan will
provide distributions to general unsecured creditors in the form
of units in a litigation trust and, to each class of general
unsecured creditors that accepts the Plan, a portion of a $1
million cash payment.

The GUC Payment will be divided as follows:

   -- $10,000 for GUCs against American Apparel, Inc.
   -- $517,000 for GUCs against American Apparel (USA), LLC
   -- $470,000 for GUCs against American Apparel Retail, Inc.
   -- $1,000 for GUCs against American Apparel Dyeing & Finishing
   -- $1,000 for GUCs against KCL Knitting, LLC
   -- $1,000 for GUCs against Fresh Air Freight, Inc.

Parties who support the Plan include 100% of the lenders under the
Prepetition ABL Facility, holders of over 95% in amount of the
Prepetition Notes, and lenders under the Lion Credit Facility and
the UK Loan.

A full-text copy of the Disclosure Statement dated Nov. 20, 2015,
is available at http://bankrupt.com/misc/AAds1120.pdf


AMPLIPHI BIOSCIENCES: Acquires Novolytics' S. aureus Business
-------------------------------------------------------------
AmpliPhi Biosciences Corporation entered into an asset purchase
agreement with Novolytics Limited pursuant to which the Company
acquired all tangible and intangible assets of Novolytics' S.
aureus phage-related business.

Pursuant to the Agreement, the Company paid GBP98,100 in cash to
Novolytics, which amount will be used to cover Novolytics' expenses
in connection with the winding up of its business.  In addition, in
exchange for the Company's receipt of release and non-solicitation
agreements in favor of the Company from the shareholders of
Novolytics, the Company agreed to issue warrants to purchase up to
an aggregate of 170,000 shares of the Company's Common Stock, par
value $0.01 per share, to such shareholders within 30 days after
the date Novolytics appoints a liquidator to effect the wind up.
The Warrants will have an exercise price of $12.00 per share and
will contain certain registration rights.  The Company agreed to
use commercially reasonable efforts to cause the shares issuable
upon exercise of the Warrants to be registered by Dec. 31, 2016.

The Warrants will be issued in a private placement transaction
exempt from registration pursuant to Section 4(a)(2) of the
Securities Act of 1933, as amended, and Regulation D and/or
Regulation S thereunder.

                         About AmpliPhi

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

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

As of Sept. 30, 2015, the Company had $34.07 million in total
assets, $7.47 million in total liabilities, $10.94 million in
series B redeemable convertible preferred stock, and $15.66 million
in total stockholders' equity.


ANACOR PHARMACEUTICALS: BlackRock Reports 10% Stake as of Dec. 31
-----------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, BlackRock, Inc. disclosed that as of Dec. 31, 2015, it
beneficially owns 4,428,933 shares of common stock of Anacor
Pharmaceuticals Inc., representing 10 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/GQ0nix

                   About Anacor Pharmaceuticals

Palo Alto, Calif.-based Anacor Pharmaceuticals (NASDAQ: ANAC) is a
biopharmaceutical company focused on discovering, developing and
commercializing novel small-molecule therapeutics derived from its
boron chemistry platform.  Anacor has discovered eight compounds
that are currently in development.  Its two lead product
candidates are topically administered dermatologic compounds -
tavaborole, an antifungal for the treatment of onychomycosis, and
AN2728, an anti-inflammatory PDE-4 inhibitor for the treatment of
atopic dermatitis and psoriasis.

Anacor reported a net loss of $87.1 million on $20.7 million of
total revenues for the year ended Dec. 31, 2014, compared with net
income of $84.8 million on $17.2 million of total revenues for the
year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $188 million in total
assets, $128 million in total liabilities, $4.95 million in
redeemable common stock and $55.8 million in total stockholders'
equity.


ANDALAY SOLAR: Amends Loan Agreement with Alpha Capital
-------------------------------------------------------
Andalay Solar, Inc., entered into an Amendment and Consent
Agreement to the Second Amendment to the Loan and Security
Agreement dated Feb. 27, 2015, with Alpha Capital Anstalt.

The Amendment revised the conversion price of a note issued to
Alpha in the principal amount of $500,000 to a conversion price
equal to 75% of the lowest closing price of the common stock of the
Company for the 10 trading days preceding the conversion date;
provided, that in no event will such conversion price be less than
the par value of the Company's common stock.  Pursuant to the
Amendment, Alpha consented to the issuance of certain convertible
notes to Southridge Partners II LP.

                       About Andalay Solar

Founded in 2001, Andalay Solar, Inc., formerly Westinghouse Solar,
Inc., is a provider of innovative solar power systems.  In 2007,
the Company pioneered the concept of integrating the racking,
wiring and grounding directly into the solar panel.  This
revolutionary solar panel, branded "Andalay", quickly won industry
acclaim.  In 2009, the Company again broke new ground with the
first integrated AC solar panel, reducing the number of components
for a rooftop solar installation by approximately 80 percent and
lowering labor costs by approximately 50 percent.  This AC panel,
which won the 2009 Popular Mechanics Breakthrough Award, has
become the industry's most widely installed AC solar panel.  A new
generation of products named "Instant Connect" was introduced in
2012 and is expected to achieve even greater market acceptance.

Andalay Solar reported a net loss attributable to common
stockholders of $1.87 million for the year ended Dec. 31, 2014,
compared with a net loss attributable to common stockholders of
$3.85 million for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $826,350 in total assets,
$3.31 million in total liabilities and a total stockholders'
deficit of $2.49 million.

Burr Pilger Mayer, Inc., in San Jose, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company's significant
operating losses and negative cash flow from operations raise
substantial doubt about its ability to continue as a going concern.


ARCHDIOCESE OF ST. PAUL: Court Approves Hiring of Clifton Larson
----------------------------------------------------------------
The Archdiocese of Saint Paul and Minneapolis sought and obtained
permission from the Hon. Robert J. Kressel of the U.S. Bankruptcy
Court for the District of Minnesota to employ Clifton Larson Allen
LLP as accounting professional.

The Debtor requires the assistance of an accounting professional to
perform agreed-upon procedures ("AUP") for the Debtor to evaluate
the status of financial and corporate records and monitor internal
controls.

As set forth in the Clifton Larson Engagement Letter, the AUP will
be performed as of and for the Archdiocese's fiscal year ended June
30, 2015 and will be conducted in accordance with attestation
standards established by the American Institute of Certified Public
Accountants. Clifton Larson will complete procedures on:

   (a) bank, savings, investment and outside trust accounts;

   (b) receivables and legal retainers;

   (c) cash receipts and revenue;

   (d) cash disbursements;

   (e) payroll;

   (f) accounts payable and accrued expenses;

   (g) restricted net assets; and

   (h) financial reporting and journal entries, each to the extent

       set forth in the Clifton Larson Engagement Letter.

Clifton Larson has quoted the cost of the AUP at $12,000 plus
expenses, whereas a full scope audit would normally cost the
Archdiocese approximately $75,000.

Harold Parsons, principal of Clifton Larson, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Clifton Larson can be reached at:

       Harold Parsons
       CLIFTON LARSON ALLEN LLP
       220 South Sixth Street, Suite 300
       Minneapolis, MN 55402-1436
       Tel: (612) 397-3058
       E-mail: harold.parsons@claconnect.com

                 About the Archdiocese of St. Paul

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chicago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties.  There are 187 parishes and approximately 825,000
Catholic individuals in the region.  These individuals and parishes
are served by 3999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on Jan.
16, 2015, saying it has large and growing liabilities related to
child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC d/b/a Alliance Management as financial
advisor; Lindquist & Vennum LLP as attorney.

Eleven other dioceses have commenced Chapter 11 bankruptcy cases in
the United States to settle claims from current and former
parishioners who say they were sexually molested by priests.

U.S. Trustee for Region 12 appointed five creditors to serve on the
official committee of unsecured creditors.

The U.S. Trustee appointed five creditors to serve on the Committee
of Parish Creditors.  Ginny Dwyer appointed as the acting
chairperson of the committee until such time as the members can
meet and officially elect their own person.


ARCHDIOCESE OF ST. PAUL: Court OKs Regnier as Loss Reserve Analyst
------------------------------------------------------------------
The Archdiocese of Saint Paul and Minneapolis sought and obtained
permission from the Hon. Robert J. Kressel of the U.S. Bankruptcy
Court for the District of Minnesota to employ Regnier Consulting
Group, Inc. as loss reserve analyst.

The Debtor requires the assistance of a loss reserve analyst for
the self insured workers' compensation program maintained by the
Debtor under the General Insurance Fund maintained on behalf of the
Archdiocese and certain Non-Debtor Catholic Entities. The Debtor
proposes to retain Regnier Consulting Group, Inc. as its consultant
for this purpose.

Regnier has prepared similar reports in prior years. The
Archdiocese has received a quote from Regnier to perform the
services specified in this Application for a flat fee of $3,500,
which amount is comparable to the fee charged by Regnier for
similar services in prior years.

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

Regnier can be reached at:

       Steven J. Regnier
       Regnier Consulting Group, Inc.
       3241 Business Park Drive, Suite C
       Stevens Point, WI 54482
       Tel: (715) 344-2745
       Fax: (715) 344-5051
       E-mail: SRegnier@RegnierConsultingGroup.com

                 About the Archdiocese of St. Paul

The Archdiocese of Saint Paul and Minneapolis was originally
established by the Vatican in 1850 and serves a geographical area
consisting of 12 greater Twin Cities metro-area counties in
Minnesota, including Ramsey, Hennepin, Anoka, Carver, Chisago,
Dakota, Goodhue, Le Sueur, Rice, Scott, Washington, and Wright
counties.  There are 187 parishes and approximately 825,000
Catholic individuals in the region.  These individuals and parishes
are served by 3999 priests and 173 deacons.

The Archdiocese of St. Paul and Minneapolis filed for Chapter 11
protection (Bankr. D. Minn. Case No. 15-30125) in Minnesota on Jan.
16, 2015, saying it has large and growing liabilities related to
child sexual abuse and that its pension obligations are
underfunded.

The Debtor disclosed $45,203,010 in assets and $15,890,460 in
liabilities as of the Chapter 11 filing.

The Debtor has tapped Briggs and Morgan, P.A., as Chapter 11
counsel; BGA Management LLC d/b/a Alliance Management as financial
advisor; Lindquist & Vennum LLP as attorney.

Eleven other dioceses have commenced Chapter 11 bankruptcy cases in
the United States to settle claims from current and former
parishioners who say they were sexually molested by priests.

U.S. Trustee for Region 12 appointed five creditors to serve on the
official committee of unsecured creditors.

The U.S. Trustee appointed five creditors to serve on the Committee
of Parish Creditors.  Ginny Dwyer appointed as the acting
chairperson of the committee until such time as the members can
meet and officially elect their own person.


ATLANTIC MANAGEMENT: Files for Ch 11, Halts Wayne's Waterside Sale
------------------------------------------------------------------
Atlantic Management Corporation filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Okla. Case No. 16-10010) on Jan. 5, 2016,
estimating assets up to $50,000 and its liabilities between $1
million and $10 million.  The petition was signed by Wayne E.
Copeland, Jr., president.

Judge Sarah A. Hall presides over the case.

Gabriel Rivera, Esq., at River & Associates, Inc., serves as the
Company's bankruptcy counsel.

Sidney Lee at The Norman Transcript relates that the final hearing
on the sale of Wayne's Waterside Grill, the never-opened restaurant
that the Company managed, has been postponed because of the
bankruptcy filing.  

The Norman Transcript recalls that mortgage company BankCentre
acquired the property in a Dec. 2, 2015 sheriff's auction, pending
the final hearing.  According to the report, the Company had filed
on Dec. 21, 2015, a motion of continuance of confirmation hearing
to give the defendant another 30 days to find new legal
representation, but the court did not grant the continuation.

The Norman Transcript states that Gary Gardenhire had become Mr.
Copeland's lawyer before the sheriff's sale.  Mr. Copeland,
according to The Norman Transcript, said that Mr. Gardenhire had
been unable to fully represent him due to health issues and a death
in the family and had withdrawn as legal counsel, also in part
because he lacked the resources available to the plaintiff, since
he is retired.

The Norman Script reports that BankCentre Corp. filed on Dec. 23,
2015, an objection to the continuance of confirmation hearing,
saying,"Notwithstanding the case history outlined above, attorney
Gary Gardenhire first entered his appearance in this case on or
about March 12, 2015.  It is clear that during his tenure as the
defendant’s attorney . . . the defendants did receive his legal
advice regarding how their pay-off balances were calculated."

Atlantic Management Corporation is headquartered in Norman,
Oklahoma.


BANKS ISLAND: Files for Bankruptcy Under Canada's BIA
-----------------------------------------------------
Banks Island Gold Ltd. reported that the company is in financial
difficulties and is no longer able to meet its obligations
generally as they became due.  The Company directors therefore
resolved and the Company has made an assignment pursuant to the
Bankruptcy and Insolvency Act.  D. Manning & Associates Inc. will
act as Trustee in Bankruptcy.

The Company also advises that directors of the Company Fred
Sveinson, Jason Nickel, and John Anderson have resigned effective
immediately.  Benjamin Mossman is currently the sole director of
the Company.



BERNARD L. MADOFF: PwC to Pay $55-Mil. to Settle Feeder Fund Suit
-----------------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that PricewaterhouseCoopers agreed to pay $55 million to
settle a class-action lawsuit accusing it of misleading investors
in feeder funds that funneled their cash to Bernard Madoff.

According to the report, the cash deal, filed Jan. 6 in a Manhattan
federal court, heads off a trial that would have begun this week in
which investors in Fairfield Greenwich Ltd. were set to accuse PwC
affiliates of negligence in connection with their work auditing
Fairfield's funds, which invested with Mr. Madoff.

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers
of BLMIS are in need of the protection afforded by the Securities
Investor Protection Act of 1970.  The District Court's Protective
Order (i) appointed Irving H. Picard, Esq., as trustee for the
liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP as his
counsel, and (iii) removed the SIPA Liquidation proceeding to the
Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland,
J.).  Mr. Picard has retained AlixPartners LLP as claims agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against  Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).  The Chapter 15 case was later
transferred to Manhattan.  In June 2009, Judge Lifland approved
the
consolidation of the Madoff SIPA proceedings and the bankruptcy
case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to 150
years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims.  As of the end
of May 2015, the SIPA Trustee has recovered more than $10.699
billion and has distributed approximately $7.576 billion.  When
additional settlements awaiting distribution are taken into
account, the recovery in the Madoff liquidation proceeding totals
$10.734 billion.


BIOLIFE SOLUTIONS: Offering $20 Million Worth of Securities
-----------------------------------------------------------
BioLife Solutions, Inc., filed a Form S-3 registration statement
with the Securities and Exchange Commission relating to the sale of
up to $20,000,000 of any combination of its common stock,
preferred stock, debt securities, warrants and units.

The Company's common stock is traded on The NASDAQ Capital Market
under the ticker symbol "BLFS."  As of Jan. 5, 2016, the aggregate
market value of the Company's outstanding shares of common stock
held by non-affiliates is approximately $13.1 million, based on
12,448,391 outstanding shares of common stock, of which 6,120,698
shares are held by non-affiliates, and a per share price of $2.14,
based on the closing sale price of the Company's common stock on
Jan. 5, 2016.  

A copy of the Form S-3 prospectus is available for free at:

                         http://is.gd/vWbgAe

                       About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife Solutions reported a net loss of $3.30 million on $6.19
million of total revenue for the year ended Dec. 31, 2014, compared
with a net loss of $1.08 million on $8.94 million of total revenue
during the prior year.

As of Sept. 30, 2015, the Company had $13.2 million in total
assets, $2.44 million in total liabilities and $10.78 million in
total shareholders' equity.


BIOLIFE SOLUTIONS: Sees $1.8M Q4 Biopreservation Media Revenue
--------------------------------------------------------------
BioLife Solutions, Inc., announced preliminary full year 2015
revenue of $6.4 million, including a 30% increase in core
biopreservation media revenue over the prior year.

Key operational highlights for Q4 2015 include:

  * Preliminary Q4 2015 biopreservation media revenue was $1.82
    million, representing 12% sequential growth compared to Q3
    2015, and 25% growth over the prior year period.

  * The Company's proprietary clinical grade biopreservation media

    products CryoStor and HypoThermosol are now incorporated into
    more than 200 customer clinical validations and trials of
    novel cell and tissue-based products and therapies, including
    a majority of the ongoing clinical trials of various T cell
    candidates such as dendritic cells, chimeric antigen receptor
    (CAR) T-cells, TCR, and TIL sponsored by commercial companies.

  * The first substantial order for BloodStor 27 NaCl, a cGMP
    freeze media formulated for cryopreservation of therapeutic
    platelets, was shipped to The Netherlands Ministry of Defense
    in late Q4.

  * An additional patent application was filed with claims related
    to novel features for next generations of the evo Smart
    Shipper and future releases of the biologistex cloud based
    cold chain management app.

  * STEMCELL Technologies, a strategic distributor, will test the
    evo Smart Shipper and biologistex cold chain management app,
    for use in shipping human cells for customer research on blood

    derived cellular therapies.

Mike Rice, BioLife's president & CEO, said, "In 2015, revenue from
our CryoStor and HypoThermosol biopreservation media products
continued to grow at an impressive rate as we gained new customers
and saw increased use of our products as customers progressed
through later phases of regenerative medicine clinical trials. As a
result, we finished the year at the high end of our expectations.
We anticipate sustained biopreservation media revenue growth in
2016, based on higher demand from new and existing customers
developing and commercializing new cell-based therapies.  We also
anticipate biologistex revenue in 2016 from SaaS subscribers who
value improved cold chain logistics of time and temperature
sensitive biologic materials. Given the strategic investments we
made during this past year in people, patents, software
development, and new products to drive continued growth, we are
confident of sustained growth in 2016."

2016 Outlook & Goals

* Total revenue to exceed $10 million, inclusive of biologistex
   SaaS revenue and 20-30% growth in biopreservation media
   revenue.

* Planned Q4 launch of Storganix organ preservation solution.


                       About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife Solutions reported a net loss of $3.30 million on $6.19
million of total revenue for the year ended Dec. 31, 2014, compared
with a net loss of $1.08 million on $8.94 million of total revenue
during the prior year.

As of Sept. 30, 2015, the Company had $13.2 million in total
assets, $2.44 million in total liabilities and $10.78 million in
total shareholders' equity.


BLONDER TONGUE: Has Going Concern Doubt amid Liquidity Constraints
------------------------------------------------------------------
Blonder Tongue Laboratories, Inc., incurred a net loss of
$1,958,000 for the three months ended September 30, 2015, compared
with net earnings of $584,000 for the same period in 2014.

"During the nine months ended September 30, 2015, the company
experienced a decline in sales, a reduction in working capital,
reported a loss from operations and net cash used in operating
activities, in conjunction with liquidity constraints. Furthermore,
the company's Revolver and Term Loan will expire by their terms on
February 1, 2016, unless extended," said Robert J. Palle, Jr.,
chief executive officer and president, and Eric Skolnik, senior
vice president and chief financial officer of the company in a
November 16, 2015 regulatory filing with the U.S. Securities and
Exchange Commission.

"The factors raise substantial doubt about the company's ability to
continue as a going concern."

Messrs. Palle and Skolnik further noted: "In response to lower than
expected sales due to a slowdown in market activities experienced
during the first half of the fiscal year, the company implemented a
two-phase cost-reduction program which is expected to reduce
annualized expenses by approximately $2,100,000 including a
temporary reduction in certain executive salaries, a decrease in
workforce and a decrease in engineering consulting expenses.  In
September 2015, the company then developed and implemented a third
phase cost reduction plan, which is expected to further reduce
annualized expenses by approximately $750,000.

"The company's primary sources of liquidity are its existing cash
balances, cash generated from operations and amounts available
under our credit facility with Santander Bank, N.A. (the Santander
Financing).  As of September 30, 2015, the company had
approximately $2,539,000 outstanding under our revolving credit
facility (the Revolver) and $483,000 of additional availability for
borrowing under the Revolver.  The company expects to either obtain
an extension of the maturity date or refinance all or part of the
Santander indebtedness prior to February 1, 2016.  If anticipated
operating results are not achieved, and or sufficient funds are not
obtained, from the company's expected refinancing, further
reductions in operating expenses may be needed and could have a
material adverse effect on the company's ability to achieve its
intended business objectives.

"The company cannot provide any assurance that it will be able to
refinance its current debt obligations.  If the company is unable
to refinance, it may be required to take additional measures to
reduce costs in order to conserve its cash in amounts sufficient to
sustain operations and meet its obligations."

At September 30, 2015, the company had total assets of $18,561,000
and total stockholders' equity of $9,261,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jd2x7gc

Blonder Tongue Laboratories, Inc., based in Old Bridge, New Jersey,
provides a range of products and services to the cable
entertainment and media industry.  Blonder Tongue serves customers,
including entities installing private video and data networks in
commercial, institutional or enterprise environments.



BRANTLEY LAND: Jan. 14 Hearing on Approval of Settlement with SB&T
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Georgia will
convene a hearing on Jan. 14, 2016, at 10:30 a.m., to consider
approval of a settlement agreement between R. Michael Souther, the
Chapter 11 Trustee of Brantley Land & Timber Company, LLC, and
prepetition secured creditor State Bank and Trust Company.

As reported by the Troubled Company Reporter on Dec. 23, 2015, the
settlement agreement provides for a dismissal of the bank's bid to
dismiss the Debtor's bankruptcy case.  State Bank filed a motion to
dismiss and motion for relief from stay on Nov. 9, 2015.

The settlement agreement provides that State Bank will, among other
things:

   (1) relinquish its under-secured claim/position in the case by
surrendering all of its collateral to the Debtor;

   (2) amend its claim to convert its claim to a general
unsecured claim;

   (3) dismiss its motion to dismiss case or in the alternative for
relief from the automatic stay;

   (4) dismiss its objection and withdrawal of consent to the
Debtor's use of cash collateral; and

   (5) dismiss its objection to the first application for
attorneys' fees by the Debtor's counsel.

                       About Brantley Land

Brantley Land & Timber Company, LLC, is a real estate development
company which originally held over 1,000 lots in a development
located in Brantley County, Georgia.

In July, 2011, State Bank & Trust Company obtained a judgment in
Fulton County Superior Court against Brantley Land and its
principals for an amount, including interest and fees, currently
in excess of ten million dollars, and the Superior Court also
appointed receiver Jerry Harper to take control of Debtor, based
at least in part on the misappropriation of funds by two of
Brantley Land's principals.

Brantley Land filed a Chapter 11 bankruptcy petition (Bankr. S.D.
Ga. Case No. 15-20584) in Brunswick, Georgia, on July 16, 2015.
Jerry W. Harper, receiver, signed the petition.  The Debtor, under
the control of the receiver, tapped McCallar Law Firm as counsel.

Following the Chapter 11 filing, the Court appointed R. Michael
Souther as Chapter 11 Trustee.


BRIGHTLEAF POWER: Case Summary & 15 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: BrightLeaf Power Partners, L.P.
        121 Apollo Road
        Montrose, CO 81401

Case No.: 16-10125

Chapter 11 Petition Date: January 7, 2016

Court: United Statess Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Elizabeth E. Brown

Debtor's Counsel: Craig K. Schuenemann, Esq.
                  BRYAN CAVE LLP
                  1700 Lincoln St., Ste. 4100
                  Denver, CO 80203
                  Tel: 303-866-0678
                  Fax: 303-866-0200
                  Email: craig.schuenemann@bryancave.com

Total Assets: $1.3 million

Total Liabilities: $11.8 million

A list of the Debtor's 15 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cob16-10125.pdf


BRIGHTLEAF TECHNOLOGIES: Case Summary & 20 Top Unsecured Creditors
------------------------------------------------------------------
Debtor: BrightLeaf Technologies, Inc.
           fka BrightLeaf Power
           fka Aquasoladyne Partners, L.P.
        2520 N. Townsend Avenue
        Montrose, CO 81401

Case No.: 16-10121

Chapter 11 Petition Date: January 7, 2016

Court: United States Bankruptcy Court
       District of Colorado (Denver)

Judge: Hon. Elizabeth E. Brown

Debtor's Counsel: Craig K. Schuenemann, Esq.
                  BRYAN CAVE LLP
                  1700 Lincoln St., Ste. 4100
                  Denver, CO 80203
                  Tel: 303-866-0678
                  Fax: 303-866-0200
                  Email: craig.schuenemann@bryancave.com

Total Assets: $1.3 million

Total Liabilities: $11.8 million

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cob16-10121.pdf


BUNKERS INTERNATIONAL: UCC Balks at C1 Bank Bid for Stay Relief
---------------------------------------------------------------
C1 Bank filed a motion asking the U.S. Bankruptcy Court for the
Middle District of Florida, Orlando Division, for relief from the
automatic stay with regards to real and personal property located
in Seminole County, Florida.

Debtor Bunkers International Corp. executed a promissory note in
favor of Florida Capital Bank, N.A., as well as a mortgage on the
Property.  Florida Capital assigned all of its right, title and
interest in the loan documents to C1 Bank.  The Debtor defaulted on
the Note and Mortgage, when it failed to make the payment due on
Sept. 16, 2015 and all subsequent payments.

C1 Bank contends that as of Nov. 31, 2015, the Debtor owes
$568,706.44 in principal, $11,154 in interest, and $322 in late
charges, for a total of $580,182.  C1 Bank further contends that if
it is not permitted to enforce its security interest in the
Property, it will suffer irreparable injury, loss and damage.  C1
Bank relates that it is asking for adequate protection in the event
the Court denies its request for relief from the automatic stay.

                        Committee Objects

The Official Committee of Unsecured Creditors relates that Schedule
D of the Debtor's bankruptcy Schedules lists C1 Bank with a claim
of $571,249 as of Petition Date, secured by a first mortgage on
real property owned by the Debtor, located at 110 Timeberlachen
Circle, Lake Mary, Florida, and with a value of $696,676.  The
Committee contends that C1 Bank is not entitled to relief from the
automatic stay as it fails to allege any fact supporting that the
Property lacks equity or is not necessary for an effective
reorganization.  The Committee further contends that the only
purported value for the Property that has been alleged in the case
to date is set forth by the Debtor in its Schedule D, which
reflects that the Property is oversecured by more than $120,000.
The Committee adds that while the Debtor has not provided it with
any support for that value and has rejected its request to actively
market the Property for sale for the benefit of unsecured
creditors, it plainly contradicts C1 Bank's allegation that
automatic stay relief is appropriate.  The Committee asserts that
C1 Bank is not entitled to adequate protection as it has failed to
establish any basis to support an entitlement to the same.

C1 Bank is represented by:

          Ryan L. Snyder, Esq.
          SNYDER LAW GROUP, P.A.
          11031 Gatewood Drive
          Bradenton, FL 34211
          Telephone: (941)747-3456
          Facsimile: (941)747-6789
          E-mail: ryan@snyderlawgroup.com       

The Official Committee of Unsecured Creditors of Bunkers
International is represented by:

          John B. Hutton, Esq.
          Ari Newman, Esq.
          GREENBERG TRAURIG, P.A.
          333 S.E. Second Avenue
          Suite 4400
          Miami, FL 33131
          Telephone: (305)579-0868
          Facsimile: (305)579-0717
          E-mail: huttonj@gtlaw.com
                  newmarar@gtlaw.com

                 About Bunkers International Corp.

Based in Lake Mary, Florida, Bunkers International trades and
provides fuel for ships at sea.  It provides physical supply,
trading, and brokering services from a number of global locating
including those in the U.S., Singapore, Greece, and the United
Kingdom, and says it is the largest marine fuel supplier in
Colombia through its BunkersOil Colombia joint venture with
Vanoil, S.A.  The Company started in Colombia in 1995.

Related entities Atlantic Gulf Bunkering, LLC, and Dolphin Marine
Fuels, LLC provides marine fuel supply services in the Atlantic
Gulf Coast area from Mobile, Alabama, and for the ports of Long
Beach and Los Angeles, California, respectively.

Bunkers International and the two affiliates sought Chapter 11
bankruptcy protection (Bankr. M.D. Fla. Proposed Lead Case No.
15-07397) on Aug. 28, 2015.  The petitions were signed by John T.
Canal, the president/CEO.  

Bunkers estimated assets of $10 million to $50 million and
liabilities of at least $10 million.

The Debtors tapped R. Scott Shuker, Esq., and Mariane L. Dorris,
Esq., at Latham, Shuker, Eden & Beaudine, LLP, as attorneys.  The
Official Committee of Unsecured Creditors retained John Hutton,
Esq., at Greenberg Traurig, PA, as counsel.


CAREFREE WILLOWS: Schwartz Flansburg Files Rule 2019 Statement
--------------------------------------------------------------
Schwartz Flansburg PLLC disclosed in a court filing that it
represents the Unofficial Equity Holders Committee in the Chapter
11 case of Carefree Willows LLC.

The members of the committee are:

     (1) Steven C. Kalb
         c/o Schwartz Flansburg PLLC
         6623 Las Vegas Blvd. South, Suite 300
         Las Vegas, Nevada 89119

     (2) Larry Carter
         c/o Schwartz Flansburg PLLC
         6623 Las Vegas Blvd. South, Suite 300
         Las Vegas, Nevada 89119

     (3) Rollie Sturm
         c/o Schwartz Flansburg PLLC
         6623 Las Vegas Blvd. South, Suite 300
         Las Vegas, Nevada 89119

Schwartz Flansburg made the disclosure pursuant to Rule 2019 of the
Federal Rules of Bankruptcy Procedure.

The firm can be reached at:

     Samuel A. Schwartz, Esq.
     Bryan A. Lindsey, Esq.
     Schwartz Flansburg PLLC
     6623 Las Vegas Blvd. South, Suite 300
     Las Vegas, Nevada 89119
     Telephone: (702) 385-5544
     Facsimile: (702) 385-2741

                      About Carefree Willows

Carefree Willows LLC is the owner of a 300-unit senior housing
complex, located 3250 S. Town Center Drive, in Las Vegas, Nevada.
Carefree Willows filed a Chapter 11 petition (Bankr. D. Nev. Case
No. 10-29932) on Oct. 22, 2010.  The Debtor disclosed $30.6 million
in assets and $36.5 million in liabilities as of the Chapter 11
filing.

The Law Offices of Alan R. Smith, in Reno, Nevada, serves as
counsel to the Debtor.  AG/ICC Willows Loan Owner, LLC, is
represented in the case by Ali M.M. Mojdehi, Esq., Allison Rego,
Esq., Janet Dean Gertz, Esq., at COOLEY LLP.


CENTRAL METAL: Cal. Ct. App. Affirms Order on Bank's Anti-SLAPP Bid
-------------------------------------------------------------------
The Court of Appeals of California, Second District, Division Five,
affirmed the trial court's order granting in part Center Bank's
anti-SLAPP motion against Central Metal, Inc., and Jong Byun.

Center Bank had successfully sought court appointment of a "rents,
issues and profits" receiver based on Central Metal's default on
loans that the latter obtained from the bank.  To forestall the
receivership action, Central Metal filed for Chapter 11
bankruptcy.

On January 3, 2014, roughly four years after Central Metal filed
for bankruptcy, it sued Center Bank for losses suffered as the
result of the bank's receivership action and the subsequent
bankruptcy.  The bank responded by filing an anti-SLAPP motion,
which the trial court granted as to all but one cause of action in
Central Metal's complaint.

On appeal by Central Metal, the Court of Appeals of California
concluded that Central Metal's complaint was subject to an
anti-SLAPP motion because it sought to impose liability for the
bank's exercise of its right to petition following Central Metal's
loan defaults.  Further, the appellate court also held that Central
Metal failed to demonstrate a probability of prevailing on the
causes of action stricken by the trial court.

The case is CENTRAL METAL et. al., Plaintiffs and Appellants, v.
CENTER BANK, Defendant and Respondent, No. B258844 (Cal. Ct.
App.).

A full-text copy of the Court of Appeals of California's December
16, 2015 opinion is available at http://is.gd/NUIRGrfrom
Leagle.com.

Central Metal, Inc. and Jong Byun are represented by:

          Daniel E. Park, Esq.
          Christopher C. Cianci, Esq.
          DANIEL E. PARK LAW CORPORATION
          Wilshire Colonnade Building
          3731 Wilshire Blvd, Suite 600
          Los Angeles, CA 90010
          Tel: (213)769-4616
          Fax: (818)479-9958
          Email: dpark@parklawcorp.com
                 christopher@parklawcorp.com

Center Bank is represented by:

          Jeremy B. Rosen, Esq.
          Bradley S. Pauley, Esq.
          HORVITZ & LEVY
          15760 Ventura Boulevard 18th Floor
          Encino, CA 91436-3000
          Tel: (818)995-0800
          Fax: (818)995-3157
          Email: jrosen@horvitzlevy.com
                 bpauley@horvitzlevy.com

            -- and --

          Jeffery S. Wruble, Esq.
          Jack R. Scharringhausen, Esq.
          BUCHALTER NEMER
          1000 Wilshire Boulevard Suite 1500
          Los Angeles, CA 90017-1730
          Tel: (213)891-0700
          Fax: (213)896-0400
          Email: jwruble@buchalter.com
                 jscharringhausen@buchalter.com

             About Central Metal

Huntington Park, California-based Central Metal, Inc., purchases,
processes and sells metals.  The Company claims to be one of the
largest processing companies on the West Coast.

The Company filed for Chapter 11 bankruptcy protection on January
8, 2010 (Bankr. C.D. Calif. Case No. 10-10642).  Juliet Y. Oh,
Esq., who has an office in Los Angeles, California, represents the
Debtor.  The Company estimated assets and liabilities at $10
million to $50 million in its Chapter 11 petition.


CHARLES RIVER: Moody's Affirms Ba2 CFR, Outlook Revised to Stable
-----------------------------------------------------------------
Moody's Investors Service affirmed Charles Rivers Laboratories
International Inc.'s Ba2 Corporate Family Rating and Ba2-PD
Probability of Default Rating, as well as the Ba2 rating on the
senior secured credit facility. Moody's also changed the outlook to
stable from positive and lowered the Speculative Grade Liquidity
Rating to SGL-2 (signifying good liquidity) from SGL-1 (very good
liquidity). The rating actions follow the announcement that Charles
River will acquire fellow early stage contract research
organization (CRO), WIL Research (unrated), for approximately $585
million in cash. The acquisition will be funded through an increase
to the company's credit facility and cash.

The change in outlook to stable from positive reflects the reduced
likelihood of a ratings upgrade over the next 12-18 months given
integration risk and increased financial leverage stemming from the
acquisition.

The affirmation of the Ba2 Corporate Family Rating reflects Charles
River's good scale, customer diversity and competitive position
within its core markets. All of these factors will be enhanced with
the acquisition of WIL Research. While the acquisition of WIL
Research will increase Charles River's adjusted debt to EBITDA to
around 4.0x (from 2.9x currently) Moody's anticipates that EBITDA
growth and debt repayment will result in deleveraging to around
3.5x within 12-18 months. Charles River has a track record of
deleveraging following acquisitions and has a stated intention to
deploy free cash flow for debt repayment.

The lowering of the liquidity rating to SGL-2 reflects reduced cash
and availability under the company's revolving credit facility
following the acquisition. Further, the increase in leverage will
result in reduced headroom under the company's financial covenants,
in particular the leverage covenant. Liquidity will continue to be
supported by Charles River's strong free cash flow.

Ratings affirmed:

Corporate Family Rating at Ba2

Probability of Default Rating at Ba2-PD

Senior secured revolving credit facility expiring April 2020 at
Ba2 (LGD 3)

Senior secured term loan due April 2020 at Ba2 (LGD 3)

Moody's lowered the following ratings:

Speculative Grade Liquidity Rating, to SGL-2 from SGL-1

Outlook Actions:

Outlook, Changed To Stable from Positive

RATINGS RATIONALE

The Ba2 Corporate Family Rating reflects Charles River's leading
competitive position in its core markets, particularly in the RMS
business where it is the largest player globally. The ratings are
also supported by the company's good geographic and customer
diversity. Charles River's leverage is moderate and it generates
strong and consistent free cash flow, allowing for appropriate
reinvestment in the business and bolt-on acquisitions. The ratings
are constrained by the company's modest absolute size and its focus
on niche markets, some of which Moody's believes will face
longer-term headwinds due to reduced usage of models in scientific
research and customer consolidation. The ratings are also
constrained by Charles River's vulnerability to reduced R&D budgets
of customers and the negative impact on the company if funding to
biotechnology and small to medium sized pharmaceutical companies
becomes scarce.

Moody's could upgrade the ratings if the company demonstrates
sustained, organic revenue growth and if Moody's expects debt to
EBITDA to be sustained below 3.0 times and free cash flow to debt
above 20%.

If Charles River experiences substantial disruption from the
integration of WIL Research or competitive pressures or overall
market contraction result in adjusted debt to EBITDA sustained
above 4.0 times, the rating agency could downgrade the ratings.
Additionally, deterioration in operating cash flow or a significant
increase in capital expenditures such that free cash flow to debt
is sustained below 15% could result in a downgrade.

Charles River Laboratories International, Inc., ("Charles River";
NYSE: CRL) headquartered in Wilmington, MA, is a contract research
organization ("CRO") that provides research tools and services for
drug discovery and development. The company generates approximately
36% of revenue from the RMS business, which involves the commercial
production and sale of research models (e.g. rodents) and services
to support their use in research; and 45% from the DSA business,
which involves the development and safety testing of drug
candidates and 19% from the Manufacturing Support business, which
involves avian vaccine services, endotoxin and biologics testing.
The company reported revenues of approximately $1.3 billion for the
twelve months ended September 26, 2015.



CHESAPEAKE ENERGY: Moody's Changes PDR to 'B2-PD/LD'
----------------------------------------------------
Moody's Investors Service changed Chesapeake Energy Corporation's
Probability of Default Rating (PDR) to B2-PD/LD from B2-PD.
Concurrently, Moody's affirmed Chesapeake's B2 Corporate Family
Rating (CFR), B1 second lien secured notes rating, B3 unsecured
notes rating and the SGL-3 Speculative Grade Liquidity Rating. The
rating outlook remains negative.

The appending of the PDR with an "/LD" designation indicates
limited default, reflecting the recent closing of the company's
exchange of approximately $3.8 billion of its senior unsecured
notes for $2.35 billion of second lien secured notes. Moody's views
the debt exchange as a distressed exchange, which is a default
under Moody's definition of default. The "/LD" designation will be
removed after three business days.

"Chesapeake's debt exchange achieved some reduction in total debt,
but resulted in a more modest reduction in its sizable near-term
maturities," commented Pete Speer, Moody's Senior Vice President.

Affirmations:

Issuer: Chesapeake Energy Corporation

-- Probability of Default Rating, Affirmed B2-PD /LD

-- Speculative Grade Liquidity Rating, Affirmed SGL-3

-- Corporate Family Rating, Affirmed B2

-- Senior Unsecured Shelf, Affirmed (P)B3

-- Senior Secured Regular Bond/Debenture, Affirmed B1 (LGD 3)

-- Senior Unsecured Conv./Exch. Bond/Debentures, Affirmed B3 (LGD

    5)

-- Senior Unsecured Regular Bond/Debentures, Affirmed B3 (LGD 5)

Outlook Actions:

-- Outlook, Remains Negative

RATINGS RATIONALE

The B2 CFR incorporates Chesapeake's very weak cash flow generation
capacity relative to its debt levels and the downside risk to oil
and gas prices for 2016. The completion of the debt exchange has
resulted in a reduction of total debt balances. However, a weak and
uncertain outlook for commodity prices and a challenging
environment for large asset sales will hinder the company's ability
to further reduce debt and to right size the capital structure. The
B2 CFR is supported by Chesapeake's adequate liquidity and very
large proved reserve and production scale and its sizable high
quality undeveloped acreage positions in multiple oil and natural
gas basins across the US, which provide a substantial inventory of
potential assets to sell in a more supportive commodity price
environment.

Chesapeake's second lien secured notes are rated B1, one notch
above the B2 CFR, reflecting their priority claim to company's
assets over the senior unsecured notes that remain outstanding
after the exchange. The second lien notes claim is subordinate to
Chesapeake's $4 billion senior secured revolving credit facility,
which is secured by much, but not all, of the company's proved oil
and gas reserves. Chesapeake's senior notes are unsecured with
guarantees on a senior unsecured basis from the company's material
subsidiaries. The senior notes are rated B3, or one notch below the
CFR reflecting their effective subordination to the secured
revolving credit facility and second lien notes.

The SGL-3 rating reflects Moody's expectation that Chesapeake's
liquidity will remain adequate through 2016 because of its cash
balance and borrowing availability on its credit facility. At
September 30, 2015 the company had a cash balance of $1.4 billion
(pro forma for the convertible notes redemption in November 2015)
and full availability on its $4 billion revolving credit facility.
The cash and revolver availability should be sufficient to cover
the company's anticipated negative free cash flow and debt
maturities in 2016.

The revolver's financial covenants provide some headroom for
continued compliance, although the interest coverage covenant could
become tight with weaker commodity prices. While the revolver will
be subject to future borrowing base redeterminations, the company
has some unpledged reserves that could be added to support the
existing borrowing base.

The rating outlook is negative, reflecting the company's likely
declining production and reserve volumes in 2016, downside risk to
commodity prices and the challenges of completing asset sales to
sufficiently reduce its debt balances in this negative industry
environment. If Chesapeake is not able to greatly improve its
financial leverage metrics through debt repayment and improved cash
flow generation then its ratings could be downgraded further.
Retained cash flow to debt sustained below 5% or EBITDA/Interest
below 1.5x could result in a ratings downgrade.

In order for Chesapeake's ratings to be upgraded the company will
have to achieve substantial debt repayment and improve its leverage
metrics and liquidity so that it can better weather commodity price
volatility. RCF/debt sustainable above 10% with a leveraged
full-cycle ratio above 1x could support a ratings upgrade.

Chesapeake Energy Corporation is headquartered in Oklahoma City,
Oklahoma and is one of the largest independent exploration and
production companies in North America.



COATES INTERNATIONAL: Gets $30,000 From SPA and Conv. Note
----------------------------------------------------------
Coates International, Ltd., received proceeds of $30,000, net of
financing costs of $3,000, from a Securities Purchase Agreement and
related convertible promissory note, dated Jan. 4, 2016, in the
face amount of $33,000 and no cents issued to GW Holdings Group
LLC, an independent third party accredited investor.  

The Promissory Note matures in January 2017 and provides for
interest at the rate of 10% percent per annum.  The Note may be
converted into unregistered shares of the Company's common stock,
par value $0.0001 per share, at the Conversion Price, as defined,
in whole, or in part, at any time beginning 180 days after the date
of the Note, at the option of the Holder.  All outstanding
principal and unpaid accrued interest is due at maturity, if not
converted prior thereto.

The Conversion Price will be equal to 62% multiplied by the Market
Price, as defined.  The Market Price will be equal to the lowest
trading price of the Company's common stock on the OTC Pink during
the 25 trading-day period ending one trading day prior to the date
of conversion by the Holder.  The Holder anticipates that upon any
conversion, the shares of stock it receives from the Company will
be freely tradable in compliance with Rule 144 of the U.S.
Securities and Exchange Commission.

This note may be prepaid during the first six months by paying a
prepayment penalty of 50%.  The Company has reserved 93,000,000
shares of its unissued common stock for potential conversion of the
convertible note.

The convertible promissory note was privately offered and sold to
the Holder in reliance on specific exemptions from the registration
requirements of the United States federal and state securities laws
which the Registrant believes are available to cover this
transaction based on representations, warranties, agreements,
acknowledgements and understandings provided to the Registrant by
the Holder.

                         About Coates

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

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

As of June 30, 2015, the Company had $2.4 million in total assets,
$7.5 million in total liabilities and a stockholders' deficit of
$5.1 million.

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


COLT DEFENSE: Forced to Rework Ch. 11 Plan After Sciens Default
---------------------------------------------------------------
Jonathan Randles to Bankruptcy Law360 reported that Colt said on
Jan. 5, 2016, in Delaware court that it has been forced to modify
its Chapter 11 plan after majority stakeholder Sciens Capital
Management failed to make good on a $15 million commitment before
the end of the year, complicating the gunmaker's plan to exit
bankruptcy in short order.

Colt Holding Company LLC said in court papers that it has come to
an agreement with lenders and other stakeholders that will allow
the company to keep the framework of its restructuring plan in
place.

                       About Colt Defense

Colt Defense LLC is one of the world's oldest and most iconic
designers, developers, and manufacturers of firearms for military,
law enforcement, personal defense, and recreational purposes and
was founded over 175 years ago by Samuel Colt, who patented the
first commercial successful revolving cylinder firearm in 1836 and
began supplying U.S. and international military customers with
firearms in 1847.  Colt is incorporated in Delaware and
headquartered in West Hartford, Connecticut.

In 1992, Colt Manufacturing Company, then the principal operating
subsidiary, filed chapter 11 petitions (Bankr. D. Conn.).  An
investment by Zilkha & Co. allowed CMC to confirm a chapter 11
plan
and emerge from Bankruptcy in 1994.

Sometime after 1994, majority ownership of the Company
Transitioned
from Zilkha & Co. to Sciens Capital Management.

Colt Holding Company LLC and nine affiliates, including Colt
Defense LLC, on June 14, 2015, filed voluntary petitions (Bankr.
D.
Del. Lead Case No. 15-11296) for relief under Chapter 11 of the
Bankruptcy Code to pursue a sale of the assets as a going concern.

Colt Defense estimated $100 million to $500 million in assets and
debt.

On June 16, 2015, the Court directed the joined administration of
the assets.

The Debtors tapped Richards, Layton & Finger, P.A., and O'Melveny
&
Myers LLP, as attorneys, and Kurtzman Carson Consultants LLC as
claims and noticing agent.  Perella Weinberg Partners L.P. is
acting as financial advisor of the Company, and Mackinac Partners
LLC is acting as its restructuring advisor.

Wilmington Savings Fund Society, FSB, as agent under the $13.3
million Term DIP Loan Agreement, is represented by Pryor Cashman
LLP's Eric M. Hellige, Esq.; and Willkie Farr & Gallagher LLP's
Leonard Klingbaum, Esq.  

Cortland Capital Market Services LLC, as agent under the $6.67
million Senior DIP Credit Agreement, is represented by Holland &
Knight LLP's Joshua M. Spencer, Esq.; Stroock & Stroock & Lavan
LLP's Brett Lawrence, Esq.; and Osler, Hoskin & Harcourt LLP's
Richard Borins, Esq., and Tracy Sandler, Esq.

The U.S. Trustee for Region 3 appointed five creditors of Colt
Defense Inc. and its affiliates to serve on the official committee
of unsecured creditors.  MagPul Industries Corp. has resigned from
the committee leaving only four Committee members.

Sciens Capital is represented by Skadden, Arps, Slate, Meagher &
Flom LLP's Anthony W. Clark, Esq., and Jason M. Liberi, Esq.


COMMUNICATIONS SALES: Fitch Affirms 'BB' Issuer Default Rating
--------------------------------------------------------------
Fitch Ratings has affirmed all the ratings of Communications Sales
& Leasing, Inc. (CS&L) and its co-issuer CSL Capital, LLC including
the Issuer Default Ratings at 'BB'.  The Rating Outlook is Stable.

The rating action follows the announcement by CS&L that it has
entered into a definitive agreement with Associated Partners
Entities to purchase PEG Bandwidth, LLC (PEG) for $409 million.
Transaction value is approximately 12x of PEG's last-quarter
annualized adjusted EBITDA.  CS&L will finance the deal with a
combination of available cash on hand, borrowings under CS&L's
revolver, common stock and convertible preferred stock.  The
transaction is conditioned upon necessary regulatory approval that
is expected to occur early in the second quarter of 2016 (2Q16).

KEY RATING DRIVERS

Transaction Increases Leverage: The affirmation reflects an
expected increase in CS&L's financial leverage as a result of the
PEG Bandwidth acquisition.  On a pro forma basis, Fitch expects
gross leverage (total debt-to-EBITDA) of approximately 5.8x at the
time of transaction closing assuming 50% equity treatment for the
preferred stock.  This compares to leverage of approximately 5.6x
at the end of 3Q15.  Based on management comments about
opportunities within a robust transaction pipeline and desire to
diversify across various asset classes, Fitch anticipates that CS&L
will announce further transactions.  As these opportunities come to
fruition, Fitch expects CS&L to finance any transaction such that
gross leverage should remain relatively stable, with some
fluctuations due to M&A activity, and should be in the mid-5x range
over the longer term.

Very Stable Cash Flow: Nearly all of CS&L's current revenues
consist of revenues under a master lease with Windstream Holdings
Inc., under which Windstream has exclusive access to the assets.
The lease is expected to be around $650 million annually.  Pro
forma for the transaction, PEG should represent approximately 10%
of CS&L's revenues and would operate as a taxable REIT subsidiary.
Fitch expects CS&L to have very stable cash flows, owing to the
fixed (and modestly increasing) nature of the long-term lease
payments and Windstream's responsibility for expenses under the
triple-net lease.  The term of the master lease is for an initial
term of 15 years.  There is some risk at renewal that under the
'any or all' provision at renewal Windstream could opt not to renew
markets, or could renegotiate terms at such time for those
markets.

However, this renewal risk would be at least 15 years in the
future, and up to 20 if Windstream exercises an option to have CS&L
fund certain capital spending projects.  Fitch expects all markets
to be renewed under the master lease, since Windstream would either
have to incur significant capital expenditures to overbuild CS&L or
find a buyer for its operating assets (routers, switches, etc.) and
successor tenant for its leased assets. Protection is provided to
CS&L by the terms of the master lease, which could require
Windstream to sell its operating properties in the event of
default.  CS&L's facilities would be essential to the operations of
Windstream on a going-concern basis, or as a successor company.

Geographic Diversification: Windstream's operations subject to the
master lease are geographically diversified among 37 market areas.
The indivisible nature of the master lease mitigates the effect of
a weak market area(s) on CS&L.  About two-thirds of the fiber and
copper route miles are located in Georgia, Texas, Iowa, Kentucky
and North Carolina.  PEG's fiber network serves seven markets in
the Northeast Mid-Atlantic, Illinois and South Central regions.

Tenant Concentration: The master lease with Windstream provides a
steady, although undiversified cash flow stream.  Therefore CS&L's
IDR is initially capped at Windstream's 'BB' IDR until CS&L strikes
deals with other companies to meaningfully diversify its operations
through transactions where 25%-30% of its revenue is derived from
tenants with a credit profile materially stronger than
Windstream's.  Fitch views the PEG transaction positively as it
begins to diversify CS&L's revenue base.

Seniority: Fitch notes that CS&L's master lease is with Windstream
Holdings and that Windstream Holdings is subordinate to the
operations at Windstream Services.  However, Fitch believes CS&L's
assets will be essential to Windstream Services operations and a
priority payment.

Tenant's Business: Windstream derives more than 70% of revenues
from business services (including the carrier market) and consumer
broadband markets.  At the same time, there is still secular
pressure on legacy voice and regulatory-derived revenues (switched
access and universal service funding).  As the legacy revenues
dwindle in the mix, there will be less pressure on revenues going
forward.  The company has positioned its business service offerings
to target mid-sized businesses.  For a pure wireline operator,
Windstream's revenues are somewhat more diversified than other
wireline operators, as acquisitions have brought additional
business and data services revenue.  PEG, which is focused on less
competitive tier II or tier III markets, generates approximately
80% of revenues from long-term contracts with three national
wireless operators.  With nearly 80% of network capacity available,
PEG has good growth potential through near-net cell-site backhaul
opportunities, wholesale, enterprise and E-Rate.

No Material Near-Term Maturities: CS&L does not have any maturities
for four years at the earliest, with the revolver having the
shortest maturity in 2020.  The remaining term loan and note
issuances have maturities in 2022 and 2023, respectively.

Equity Treatment Considerations

Fitch gives CS&L's preferred stock 50% equity treatment based on
methodology outlined in Fitch's hybrid debt criteria report.  Key
attributes for the instrument includes the ability to defer coupon
payments, cumulative nature of the dividend, effective maturity of
at least five years and no coupon step-ups.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for CS&L include the
following:

   -- CS&L will finance the transaction with a mix of cash
      ($315 million), stock (1 million CS&L shares and convertible

      preferred stock ($87.5 million).

   -- CS&L's primary revenue stream will be the payments received
      from Windstream under the master lease and will be
      approximately $650 million annually.  Fitch assumes
      Windstream will request CS&L finance $50 million of capital
      spending over the next five years per the terms of the
      master lease, generating additional revenue.

   -- Virtually all capital spending consists of investments
      requested by Windstream. CS&L is expected to distribute all
      REIT earnings to shareholders.

   -- CS&L will target long-term gross leverage in the mid-5x
      range.

RATING SENSITIVITIES

Positive Action: A positive action is unlikely in the absence of an
upgrade of Windstream, although an upgrade could be considered if
CS&L targets debt leverage of 5.25x or lower and 25%-30% of its
revenue is derived from tenants with a credit profile materially
stronger than Windstream's.

Negative Action: A negative rating action could occur if debt
leverage is expected to approach 6x or higher for a sustained
period.  In addition, a downgrade of Windstream would likely result
in a similar downgrade of CS&L in the absence of greater revenue
diversification.  Also, the acquisition of assets and subsequent
leases to tenants that have a weaker credit and operating profile
than Windstream could affect the rating, if such assets are a
material proportion of revenues.

LIQUIDITY

CS&L's $500 million revolving credit facility that matures in 2020
provides sufficient backstop for liquidity needs.  Fitch expects
CS&L will restore revolver availability following transactions by
terming out borrowings over time by more permanent means of equity
and debt funding.  Cash was $210 million at the end of 3Q15.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings for CS&L and CSL Capital, LLC:

   -- IDR at 'BB'

   -- Senior secured revolving credit facility due 2020 at
      'BBB-/RR1';

   -- Senior secured credit facility due 2022 at 'BBB-/RR1';

   -- Senior secured notes at 'BBB-/RR1';

   -- Senior unsecured notes at 'BB/RR4'.



COVENTRY LOCAL SCHOOL: Moody's Affirms Ba2 Rating on GOULT Debt
---------------------------------------------------------------
Moody's Investors Services has affirmed the Ba2 underlying rating
on the outstanding general obligation unlimited tax (GOULT) debt of
Coventry Local School District, OH. The district has $28.3 million
of GOULT bonds outstanding. Moody's maintains a negative outlook on
the rating.

The Ba2 rating incorporates the district's sizeable deficit
financial position weighed against expanded state oversight and
likely operational assistance that accompanies the Ohio Auditor of
State's recent declaration of a fiscal emergency. The rating
considers the district's eligibility for solvency loans from the
State of Ohio and the expectation that the loans will be used to
retire certain outstanding liabilities and reduce associated
expenses in an effort to achieve and sustain operational balance.
The rating also reflects the district's recent reliance on
interfund borrowing to support operating cash flow, historically
weak voter support of new taxes that raises potential longer term
financial challenges, and an elevated debt and pension burden.

Rating Outlook

The negative outlook incorporates the possibility of further fiscal
stress should there be a delay in state oversight and assistance.
While we recognize the potential credit positive impact that an
expansion of state oversight of district operations could achieve,
the full extent of assistance is presently unclear.

Factors that Could Lead to an Upgrade

Restoration of operational balance that positions the district for
growth in liquidity

Factors that Could Lead to a Downgrade

Delayed assistance from the State of Ohio in addressing the
district's deficit financial position

Inability to sufficiently reduce expenses to achieve operational
balance and avoid further narrowing of liquidity

Legal Security

The district's outstanding GOULT bonds (Series 2013) are secured by
the pledge and authority to levy a dedicated, voter-approved
property tax levy, unlimited as to both rate and amount, to pay
debt service.

Use of Proceeds

Not applicable.

Obligor Profile

The Coventry Local School District serves a student population of
just over 2,000 in an area approximately 10 miles south of downtown
Akron in northeast Ohio.



CROSSMARK HOLDINGS: S&P Affirms 'B-' CCR, Outlook Stable
--------------------------------------------------------
Standard & Poor's Ratings Services affirmed all of its ratings,
including its 'B-' corporate credit rating, on Plano, Texas-based
CROSSMARK Holdings Inc.  The outlook is stable.

"The ratings affirmation reflects our expectation that CROSSMARK's
operating performance will modestly improve during the next 12 to
24 months as it realizes the benefits of its restructuring and
organizational changes," said Standard & Poor's credit analyst
Brennan Clark.  "However, our revision of CROSSMARK's business risk
assessment to vulnerable from weak reflects the company's weakening
top-line performance, a shift to an unproven organizational
structure, and our view that it will continue to face intense
pressure from its larger peers, customers, and retailers."

Standard & Poor's believes outsourcing trends in the industry will
remain modestly positive because, in its view, outsourcing sales
and marketing services is more cost effective than retaining these
functions entirely in-house.  However, consumer goods companies can
reduce spending on discretionary experiential marketing and larger
companies have the ability to perform certain functions in-house.
Retailers may also continue seeking lower prices, and de-emphasize
displays and advertisements, which could hurt companies like
CROSSMARK.  Also, the top two players in the sales and marketing
industry, Advantage Sales & Marketing Inc. and Acosta Inc., are
more than double CROSSMARK's size in terms of revenues and, in
S&P's view, are able to leverage their size, technology, and more
effective pricing models to improve operating efficiency and gain a
competitive advantage over CROSSMARK, and this is validated by
their much stronger profit margins."

Standard & Poor's believes CROSSMARK's new management recognizes
the weak operating performance and their restructuring initiatives,
including meaningful headcount and overhead reductions, have
resulted in credit ratios remaining in-line with our prior
expectations despite weakening revenues.  The restructuring
included management's decision to run Marketing Werks (acquired in
late 2013) as a stand-alone operation after integration missteps
and the loss of a large customer, and S&P believes this will enable
the acquired company to operate with more autonomy.  Finally,
management centralized many functions that were previously
regionalized, a shift to an unproven new structure that, S&P
believes, has led several customers to drop the company due to
their discomfort with the changes.  Whether this new model will
improve client retention rates and turn around the company's
deteriorating top-line performance remains to be seen, but S&P
believes client receptiveness has improved over the last several
months.

"Our ratings incorporate the company's financial sponsor ownership
and our belief that its credit metrics will continue to be weak. We
expect restructuring initiatives to provide a boost to EBITDA but
we do not view the company's growth prospects favorably. Slower
(though still modestly positive) industry growth combined with the
loss of some mid-tier customers to competitors have contributed to
recent revenue deterioration.  We believe revenue growth will
remain flat, as modest new client wins offset client attrition
during the course of 2015.  We forecast leverage will improve
because of cost savings from restructuring activities, but remain
above 8x in 2016.  While we do not forecast any dividends or
acquisitions, we believe financial policy will remain aggressive
and do not expect any voluntary debt reduction," S&P said.

The stable outlook reflects S&P's view that credit metrics will
remain very weak but will improve modestly due to cost savings
achieved from restructuring activities.  S&P expects annual free
operating cash flow around $20 million and leverage in the low-8x
area at the end of 2016.



CTI BIOPHARMA: Annual Shareholders Meeting Set for April 29
-----------------------------------------------------------
CTI BioPharma Corp will hold its annual meeting of shareholders on
April 29, 2016, at 10:00 a.m., Pacific time, at the Company's
headquarters, located at 3101 Western Avenue, Suite 600, Seattle,
Washington 98121.  The record date for the Annual Meeting has been
set as the close of business on Feb. 26, 2016.

Because the date of the 2016 Annual Meeting has been changed by
more than 30 days from the anniversary of the Company's 2015 annual
meeting of shareholders, the deadline for the submission of
proposals by shareholders for inclusion in the Company's proxy
materials relating to the 2016 Annual Meeting in accordance with
Rule 14a-8 under the Securities Exchange Act of 1934, as amended,
will be the close of business on Jan. 28, 2016, which the Company
believes is a reasonable time before it expects to begin to print
and send its proxy materials.  Any proposal received after that
date will be considered untimely.

In accordance with the Company's Amended and Restated Bylaws,
shareholders who intend to nominate a person for election as a
director or submit a proposal regarding any other matter of
business at the 2016 Annual Meeting must deliver written notice of
any proposed business or nomination to the Company's Secretary, at
the address specified above, no later than the close of business on
Jan. 18, 2016 (which is the tenth day following the date of filing
of this Current Report on Form 8-K, which provides the first public
announcement of the date of the 2016 Annual Meeting). Any notice of
proposed business or nomination must comply with the specific
requirements set forth in the Company's Bylaws in order to be
considered at the 2016 Annual Meeting.

                     About CTI BioPharma

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

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

As of Sept. 30, 2015, the Company had $63.13 million in total
assets, $90.64 million in total liabilities and a $27.51 million
total shareholders' deficit.


CUSTOM BYTES: Files for Chapter 11 Bankruptcy Protection
--------------------------------------------------------
Custom Bytes Inc of KY filed for Chapter 11 bankruptcy protection
(Bankr. W.D. Ky. Case No. 15-33890) on Dec. 3, 2015, listing
$77,400 in assets and $162,311 in liabilities.

David M. Cantor, Esq., at Seiller Waterman LLC servers as the
Company's bankruptcy counsel.

Louisville Business First reports that LG Electronics of Alabama
Inc. is listed as the Company's largest creditor, with a "disputed"
claim of $139,887.

Business First relates that Martin Prielozny, the Company's
president, said that he expects the Company to emerge from Chapter
11 proceedings in three to six months and that the business remains
open.

Custom Bytes Inc of KY is a computer retailer and services provider
headquartered in Louisville.


DANA HOLDING: Moody's Affirms Ba3 CFR, Outlook Changed to Stable
----------------------------------------------------------------
Moody's Investors Service changed the rating outlook for Dana
Holding Corporation (Dana) to stable from positive. In a related
action, Moody's also affirmed the company's Corporate Family Rating
(CFR) at Ba3, its Probability of Default Rating (PDR) at Ba3-PD,
and upgraded the senior unsecured debt ratings to B1 from B2.
Moody's affirmed the Speculative Grade Liquidity (SGL) Rating at
SGL-1.

The following ratings were affirmed:

Dana Holding Corporation

Corporate Family Rating, at Ba3;

Probability of Default Rating, at Ba3-PD;

Speculative Grade Liquidity Rating, at SGL-1

The following ratings were upgraded:

Dana Holding Corporation

$350 million of Senior Notes due February 2021, to B1 (LGD5) from
B2 (LGD5);

$450 million of Senior Notes due September 2021, to B1 (LGD5) from
B2 (LGD5);

$300 million of Senior Notes due September 2023, to B1 (LGD5) from
B2 (LGD5);

$425 million of Senior Notes due December 2024, to B1 (LGD5) from
B2 (LGD5);

Senior Unsecured Shelf, to (P)B1 from (P)B2.

Rating outlook, Stable

RATINGS RATIONALE

The change in rating outlook to stable from positive incorporates
Moody's expectation that lower demand in certain of the company's
end markets in 2016 will pressure profits and impede the ability to
attain previously established thresholds for a positive rating
action. While light vehicle demand is expected to continue its
positive trend in 2016, demand for commercial vehicles (about 50%
of Dana's revenues, including off-highway) is expected to
experience softness on several fronts. Industry sources project
that North American Class 8 production will soften about 14% in
2016, still relatively robust cyclical levels. In addition, several
global manufacturers of off-highway equipment have indicated the
expectation of continued softness in demand into 2016. Moody's
believes these challenges along with continued macroeconomic
softness in South America will offset higher cost efficiencies over
the near-term.

Dana's Ba3 Corporate Family Rating continues to be supported by the
company's credit metrics and competitive position within the
automotive parts supplier industry. EBITA/interest coverage and
Debt/EBITDA (inclusive of Moody's adjustments) for the LTM period
ending September 30, 2015 approximated 3.3x, and 3.2x,
respectively. Dana's significant revenue and customer base in
diverse automotive markets should help mitigate the pressures in
its commercial vehicle and off-highway markets.

Under Moody's LGD Methodology, Dana's unguaranteed senior notes are
subordinated to certain non-debt liabilities at the operating
company level (such as trade payables and unfunded pension
amounts). The upgrade of Dana's unsecured notes reflects Moody's
belief that reductions in these amounts over the recent years will
be sufficiently sustained over the intermediate-term to support the
one-notch differential rating (versus the prior two-notches) below
the CFR.

Moody's continues to expect Dana to maintain a very good liquidity
profile over the next 12 months supported by cash on its balance
sheet, positive free cash flow generation and availability under
its $500 million ABL revolving credit facility due 2018. As of
September 30, 2015, Dana had $817 million of cash and equivalents
(with $333 million held in the U.S.) and another $157 million of
marketable securities. Of these amounts, $144 million is at a
subsidiary where access is subject to approval of this subsidiary's
independent board member. For the LTM period ended September 30,
2015, the company generated about $155 million of free cash flow.
We expect this amount to moderate somewhat over the near-term as a
result of demand pressures in certain of the company's end markets.
Dana maintains an extended debt maturity profile with each of its
four tranches of bonds maturing during the period from 2021 to
2024. As of September 30, 2015, Dana's ABL revolver had a borrowing
base of $389 million with $349 million available after accounting
for outstanding letters of credit. The revolver contains a
springing minimum fixed charge coverage ratio of 1.0x based on
revolver availability. We do not expect this financial covenant to
spring over the next 12 months.

Factors that could lead to higher ratings include sustained revenue
growth leading to improved operating performance, generating
EBITA/interest coverage consistently over 3.5x, debt/EBITDA of 3.0x
or lower, and consistent positive free cash flow generation, while
maintaining a very good liquidity profile. Other factors supporting
an upgrade would be continued operating performance and cost
structure improvements, better positioning the company to contend
with the cyclicality in its industry, and continued discipline in
return of capital to shareholders.

Future events that have potential to drive Dana's outlook or
ratings lower include the inability to win new contracts,
production volume declines at the company's OEM customers, or
material increases in raw materials costs that cannot be passed on
to customers or mitigated by restructuring efforts resulting in
EBITA/interest coverage approaching 2.0x, or debt/EBITDA over 4.0x.
Other developments that could lead to a lower outlook or ratings
include deteriorating liquidity or aggressive shareholder return
policies resulting in increased leverage.

Dana Holdings Corporation, headquartered in Maumee, Ohio, is a
global manufacturer of driveline, sealing and thermal management
products serving OEM customers in the light vehicle, commercial
vehicle and off-highway markets. Revenue for the LTM period ended
September 30, 2015 was approximately $6.3 billion.



DANDRIT BIOTECH: Adjourns Annual Meeting Indefinitely
-----------------------------------------------------
Dandrit Biotech USA, Inc., was scheduled to convene a special
meeting of its shareholders to consider and vote on several
proposals on Dec. 1, 2015.  Because a quorum was not present at the
meeting, the meeting was adjourned.

                         About DanDrit

DanDrit Biotech USA, Inc., a biotechnology company, develops
vaccine for the treatment of colorectal cancer primarily in the
United States, Europe, and Asia.  Its lead compound includes
MelCancerVac(MCV), a cellular therapy, which is in a comparative
Phase IIb/III clinical trial for advanced colorectal cancer.  It
also develops MelVaxin that is similar to the lysate component of
MCV for injecting into the skin to promote natural dendritic cell
responses that will attack the tumor expressing cancer/testis
antigens.  The company was founded in 2001 and is headquartered in
Copenhagen, Denmark.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $2.37 million on $0 of net sales compared to a net loss of $2.15
million on $32,768 of net sales for the year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $1.73 million in total
assets, $1.01 million in total liabilities and $717,202 in total
stockholders' equity.


DOVER DOWNS: CEO's Annual Salary Stays at $300,000
--------------------------------------------------
At Dover Downs Gaming & Entertainment, Inc.'s regularly scheduled
meeting held on Jan. 2, 2016, the following resolutions were
adopted by the Compensation and Stock Incentive Committee of the
Board of Directors of the Company:

   "RESOLVED, that the determination of a discretionary annual
    incentive for the Executive Vice President for fiscal year
    ending 2016 will be dependent upon an overall favorable
    evaluation of the Executive Vice President's performance and
    be calculated as two and one-half percent (2 1/2%) of the year
    over year increase in the Company's pre-tax earnings, as
    determined by this Committee in its sole discretion, including

    any adjustments for extraordinary or non-recurring items as
    the Committee may deem appropriate.

   "RESOLVED, that, effective as of January 1, 2016, the salary
    for the Chief Executive Officer of the Company shall remain
    $300,000 per annum and the determination of a discretionary
    annual incentive for fiscal year ending 2016 will be dependent

    upon an overall favorable evaluation of the Chief Executive
    Officer's performance and be calculated as five percent (5%)
    of the year over year increase in the Company's pre-tax
    earnings, as determined by this Committee in its sole
    discretion, including any adjustments for extraordinary or
    non-recurring items as the Committee may deem appropriate."

                        About Dover Downs

Owned by Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE),
Dover Downs Hotel & Casino(R) is a gaming and entertainment resort
destination in the Mid-Atlantic region.  Gaming operations consist
of approximately 2,500 slots and a full complement of table games
including poker.  The AAA-rated Four Diamond hotel is Delaware's
largest with 500 luxurious rooms/suites and amenities including a
full-service spa/salon, concert hall and 41,500 sq. ft. of multi-
use event space.  Live, world-class harness racing is featured
November through April, and horse racing is simulcast year-round.
Professional football parlay betting is accepted during the
season.  Additional property amenities include multiple
restaurants from fine dining to casual fare, bars/lounges and
retail shops.  Visit http://www.doverdowns.com/        

Dover Downs reported a net loss of $706,000 in 2014, compared to
net earnings of $13,000 in 2013.

As of Sept. 30, 2015, the Company had $176 million in total assets,
$62.05 million in total liabilities and $114 million total
stockholders' equity.

KPMG LLP, in Philadelphia, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's credit facility
expires on Sept. 30, 2015, and at present no agreement has been
reached to refinance the debt, which raises substantial doubt about
the Company's ability to continue as a going concern.


ENCINO CORPORATE: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Encino Corporate Plaza, L.P.
        16661 Ventura Boulevard
        Encino, CA 91436

Case No.: 15-14234

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: December 31, 2015

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Geraldine Mund

Debtor's Counsel: Lewis R Landau, Esq.
                  LEWIS R. LANDAU ATTORNEY AT LAW
                  22287 Mulholland Hwy., # 318
                  Calabasas, CA 91302
                  Tel: 888-822-4340
                  Fax: 888-822-4340
                  Email: Lew@Landaunet.com

Estimated Assets: $50 million to $100 million

Estimated Debts: $10 million to $50 million

The petition was signed by Raymond Yashouafar, Manager, Lyon-GP,
LLC, General Partner.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Levene, Neale,                                          $282,943
Bender, Yoo & Brill LLP
10250 Constellation
Blvd Ste 1700
Los Angeles, CA
90067-6253

LADWP                                 Trade Debt        $154,581

Law Offices of H.                                        $91,151
Joseph Nourmand

Chase Construction, Inc.                                 $55,195

Law Offices of Homan Taghdiri                            $20,249

Holthouse, Carlin & Van Tright LLP                       $14,252

Law Offices of Kevin Davis                               $12,126

Mc Calla Co                                               $8,507

Kadima Security Services, Inc                             $8,168

KONE Inc.                                                 $6,203

Avi's Maid                                                $6,091

Danish Environment                                        $5,217

City of Los Angeles - Fire Dept                           $3,243

Cybernet Communications, Inc.                             $2,760

Servicon System                                           $1,548

Chem Pro Laboratory, Inc.                                   $882

Duthie Power Service                                        $720

The Gas Company                                             $715

ADR Security System                                         $630

Crown Sweeping                                              $330


ENCINO CORPORATE: Section 341 Meeting Set for Feb. 4
----------------------------------------------------
A meeting of creditors in the bankruptcy case of Encino Corporate
Plaza, L.P., will be held on Feb. 4, 2016, at 9:30 a.m. at RM 100,
21041 Burbank Blvd., Woodland Hills, California.

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 Encino Corporate

Encino Corporate Plaza, L.P. filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Calif. Case No. 15-14234) on Dec. 31, 2015.
The petition was signed by Raymond Yashouafar as manager of
Lyon-GP, LLC, its general partner.  The Debtor estimated assets of
$50 million to $100 million and liabilities of $10 million to $50
million.  Lewis R. Landau Attorney at Law represents the Debtor as
counsel.  Judge Geraldine Mund presides over the case.


ENERGY FUTURE: Inks $300M Settlement Over Smelting Facility
-----------------------------------------------------------
Jonathan Randles at Bankruptcy Law360 reported that Energy Future
Holdings Corp. said in court papers filed on Jan. 4, 2016, in
Delaware bankruptcy court that it has settled a dispute with
aluminum manufacturer Alcoa Inc. related to Texas mining facilities
and a shuttered smelting facility, a deal that EFH said is worth
$300 million to its estate.

The settlement, which must be approved by a bankruptcy judge,
resolves disputes between EFH unit Luminant Generation Co. LLC and
related entities over the assumption of contracts for the operation
of an aluminum smelter facility in Rockdale, Texas.

                       About Energy Future

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

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

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

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

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

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

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

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

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

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


ETRADE FINANCIAL: DBRS to Withdraw 'BB' Debt Ratings
----------------------------------------------------
DBRS said that it plans to withdraw the ratings on New York City,
NY -based E*TRADE Financial Corporation (E*TRADE) and its banking
subsidiary, E*TRADE Bank, after a 30-day waiting period for
business reasons. This advance notice is provided to the market to
permit investor feedback to DBRS and for the benefit of the users
of DBRS ratings and research. DBRS may elect to continue coverage
based on investor feedback. DBRS will maintain coverage on E*TRADE
until the withdrawal.

The full list of ratings to be withdrawn are:

E*TRADE Financial Corporation -- Issuer & Senior Debt at BB,
Positive

E*TRADE Financial Corporation -- Subordinated Debt at BB (low),
Positive E*TRADE Financial Corporation -- Short-Term Instruments at
R-4, Stable

E*TRADE Bank -- Deposits & Senior Debt at BB (high), Positive

E*TRADE Bank -- Short-Term Instruments at R-3, Positive



FINGER LICKIN': Court Confirms Plan of Reorganization
-----------------------------------------------------
Judge Joel T. Marker of the United States Bankruptcy Court for the
District of Utah, Central Division, found that the Plan of
Reorganization, dated October 30, 2015, filed by Finger Lickin'
Brands, LLC, complies with the confirmation requirements under the
Bankruptcy Code.

The hearing on confirmation of the plan was held on December 10,
2015.

The cases are In re: FINGER LICKIN' BRANDS, LLC dba Dickey's
Barbecue Pit of Utah, Chapter 11 Debtor. BIG BARBECUE RESTAURANT
GROUP, LLC (Case No. 15-24143) BUNGALOW HOLDINGS, LLC, (Case No.
15-24144) Debtors, Bankruptcy No. 15-24141 (Bankr. D. Utah).

A full-text copy of Judge Marker's December 16, 2015, findings of
fact and conclusions of law is available at http://is.gd/08WB4q
from Leagle.com.

Finger Lickin' Brands is represented by:

          Blake D. Miller, Esq.
          Deborah R. Chandler, Esq.
          MILLER TOONE, P.C.
          165 Regent Street
          Salt Lake City, UT 84111
          Tel: (801)363-5600
          Fax: (801)363-5601
          E-mail: miller@millertoone.com                  

General State of Utah is represented by:

          Peter J. Kuhn, Esq.
          Stephen W. Lewis, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          405 South Main Street, Suite 300
          Salt Lake City, UT 84111
          Tel: (801)524-5734
          Fax: (801)524-5628

Quarry Bend is represented by:

          Darwin Bingham, Esq.
          SCALLY READING BATES HANSEN & RASMUSSEN
          Gateway Tower West
          15 West South Temple, Suite 600
          Salt Lake City, UT 84147
          Tel: (801)531-7870
          Fax: (801)326-4669

Finger Lickin' Brands, LLC, sought protection under Chapter 11 of
the Bankruptcy Code on May 5, 2015 (Bankr. D. Utah, Case No.
15-24141).  The Debtor's counsel is Deborah Rae Chandler, Esq., at
Miller Toone, P.C., in Salt Lake City, Utah.  The petition was
signed by David Michelson, manager.


FIRST DATA: To Borrow up to $230 Million From PNC Bank
------------------------------------------------------
First Data Corporation, on Dec. 31, 2015, entered into a
Receivables Financing Agreement, by and among (i) First Data
Receivables, LLC (FD Receivables), a Delaware special purpose
entity and wholly-owned subsidiary of FDC, as borrower, (ii) FDC,
as initial servicer, (iii) PNC Bank, National Association, as
administrative agent and lender, and (iv) and the persons from time
to time party thereto as Lenders and Group Agents.

In addition, on that same date, (i) First Data Resources, LLC, as
an originator of receivables, (ii) Remitco LLC, as an originator of
receivables, (iii) TeleCheck Services, Inc., as an originator of
receivables, (iv), Star Networks, Inc., as an originator of
receivables, (v) Star Processing, Inc., as an originator of
receivables, (vi) Instant Cash Services, LLC, as an originator of
receivables, (vii) TASQ Technology, Inc., as an originator of
receivables, (viii) First Data Government Solutions, Inc., as an
originator of receivables, (ix) First Data Government Solutions,
LP, as an originator of receivables, with (x) FDC, the ultimate
parent of each Originator and an initial servicer of the
receivables for the Originators, and (xi) FD Receivables entered
into a Transfer and Contribution Agreement (TCA).

Together, the RFA and TCA establish the primary terms and
conditions of an accounts receivable securitization program.

Pursuant to the Securitization, the Originators will transfer and
contribute current and future trade receivables to FD Receivables
and FD Receivables will, in turn, initially borrow up to
$230,000,000 from PNC, secured by liens on the receivables.  FDC,
as servicer, is independently liable for its own customary
representations, warranties, covenants and indemnities.  In
addition, FDC has guaranteed the performance of the obligations of
the Originators, and will guarantee the obligations of any
additional originators or successor servicer that may become party
to the Securitization.  FDC paid certain structuring fees to PNC
Capital Markets LLC and FD Receivables will pay other customary
fees to the lenders.

Loans under the Securitization will accrue interest at LIBOR + 200
bps or a base rate equal to the highest of (i) the applicable
lender's prime rate, or (ii) the federal funds rate plus 0.50%.  FD
Receivables may prepay loans upon one business day prior notice and
may terminate the Securitization with 15 days' prior notice.

The Securitization contains various customary representations and
warranties and covenants, and default provisions which provide for
the termination and acceleration of the commitments and loans under
the Securitization in circumstances including, but not limited to,
failure to make payments when due, breach of representation,
warranty or covenant, certain insolvency events or failure to
maintain the security interest in the trade receivables, and
defaults under other material indebtedness.

The Securitization terminates on Jan. 15, 2019, unless terminated
earlier pursuant to its terms.

                        About First Data

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

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

As of Sept. 30, 2015, the Company had $33.4 billion in total
assets, $31.4 billion in total liabilities and $1.98 billion in
total equity.

                           *     *     *

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


FOUNDATION HEALTHCARE: Completes $33 Million UGH Acquisition
------------------------------------------------------------
Foundation HealthCare, Inc., completed the acquisition of
substantially all of the assets of University General Hospital in a
transaction which closed Dec. 31, 2015.  UGH is a sixty-nine bed
hospital located in the Medical City area of Houston, Texas.  The
Hospital filed for protection under Chapter 11 of the U.S.
Bankruptcy Code in February 2015.  Foundation purchased UGH for $33
million in the Court approved sale.  Foundation held a conference
call on January 5, at 4:00 p.m. ET to discuss the acquisition.

"UGH will be immediately rebranded as Foundation Surgical Hospital
of Houston," stated Foundation CEO, Stanton Nelson.  "It will be
the largest of our three Texas hospitals and is a great addition to
the Foundation hospital system.  Our executive team has over 20
years of experience working with the physicians in the Houston
market.  We look forward to working with our many physician friends
as we execute our proven growth strategy at this hospital," added
Nelson.

"Foundation has reported $124.8 million in net revenues for the
twelve months ended September 30, 2015.  In documents filed with
the Bankruptcy Court, UGH reported net revenues in excess of $70
million for 2014.  We have already initiated growth initiatives and
cost reduction programs at UGH and we expect the transaction to be
immediately accretive to our shareholders," said Nelson.

Funding for the transaction was provided by a consortium of banks
led by Texas Capital Bank and equipment financing was provided by
First Financial Corporate Leasing, LLC.

                   About Foundation Healthcare

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

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

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

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


FOUNDATION HEALTHCARE: Signs Credit Agreement with Texas Capital
----------------------------------------------------------------
Foundation Healthcare, Inc. entered into a credit agreement with
Texas Capital Bank, National Association effective Dec. 31, 2015.
The TCB Credit Facility replaces the Bank SNB Credit Facility and
consolidates all of the Company and its subsidiaries' debt in the
principal amount of $28.4 million and provides for an additional
revolving loan in the amount of $12.5 million.  The Company has
also entered into a number of ancillary agreements in connection
with the TCB Credit Facility, including deposit account control
agreements, subsidiary guarantees, security agreements and
promissory notes.

The Term Loan matures on Dec. 30, 2018, and the Revolving Loan
matures on Dec. 30, 2020.

Borrowings under the TCB Credit Facility are made, at the Company's
option, as either Base Rate loans or LIBOR loans.  "Base Rate" for
any day is the highest of (i) the Prime Rate, (ii) the Federal
Funds Rate plus one half of one percent (0.5%), and (iii) Adjusted
LIBOR plus one percent (1.00%).  LIBOR loans are based on either
the one month, two month or three month LIBOR rate at the Company's
option.  The interest rate is either a Base Rate or LIBOR plus the
Applicable Margins based on our Senior Debt to EBITDA Ratio, as
defined.

Payment and performance of the Company's obligations under the TCB
Credit Facility are secured in general by all of the Company and
its guarantors' assets.

A copy of the Credit Agreement is available for free at:

                       http://is.gd/sJM5FC

                   About Foundation Healthcare

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

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

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

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


FPMC AUSTIN: Hospital Fails to Open; Files for Chapter 11
---------------------------------------------------------
FPMC Austin Realty Partners, LP, filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Tex. Case No. 16-10020) on Jan. 5, 2016,
estimating its assets at between $100 million and $500 million and
its debts at between $50 million and $100 million.  The petition
was signed by Mary Hatcher, Manager, NRG Austin Dev. LLC, its
general partner.

Judge Tony M. Davis presides over the case.

Raymond W. Battaglia, Esq., at the Law Offices of Ray Battaglia,
PLLC, serves as the Company's bankruptcy counsel.

Matt Goodman, writing for D Healthcare Daily, reports that the
Debtor's Austin hospital has never opened and has been sitting
empty at the corner of Interstate 35 and the Texas State Highway 45
toll road near Round Rock for more than a year.  

The report states that lead contractor Adolfson & Peterson and its
subcontractors -- the largest unsecured creditor in the bankruptcy
filing -- had placed 20 liens on the property worth about $1
million.  According to the report, the Debtor reportedly owes them
$217,631.90.

D Healthcare relates that while A&P's Gulf States Region chief
Corbett Nichter said last year that the 20 liens had been paid off
and that construction had resumed, the doctors had grown frustrated
that the facility was so past due.  

According to D Healthcare, Todd Furniss, chairman of The Management
Company at Forest Park Medical Center, said in 2015 that a deal had
been reached with the Austin doctors to where the hospital would be
sold to an outside party and a different management company would
take over operations.

"The primary reason the Austin hospital does not already have a
Certificate of Occupancy is the management company for Forest Park
fell woefully short on its obligation to secure equipment and
working capital financing.  The absence of this critical financing
prevented our team from completing the building, and ultimately
resulted in the continuing delay in opening the hospital.  Our
understanding is that financing is still not in place," Derrick
Evers, the ousted CEO of Forest Park's real estate development firm
The Neal Richards Group, said in a statement in 2015.

Mr. Furniss, D Healthcare reports, blamed the problems on Mr. Evers
and his team, telling D CEO that they "were unable or unwilling to
solve the problem, or they just didn't have the acumen to solve the
problem."

FPMC Austin Realty Partners, LP, is headquartered in Dallas, Texas.


GENCO SHIPPING: Fisher Brothers' Appeal Remanded to Bankr. Court
----------------------------------------------------------------
Fisher Brothers Management Co. LLC and Fisher-Park Lane Owner, LLC,
appealed from an order disallowing their claims in the jointly
administered Chapter 11 bankruptcy cases of Genco Shipping &
Trading Limited and related entities.

The Appellants argue that because (1) Section 365(g)(1) of the
Bankruptcy Code states that a rejection constitutes a breach and
(2) it is axiomatic that a breach entitles the non-breaching party
to a remedy, they are entitled to damages.  The Appellants concede
that common law damages for breach of contract are not recoverable
where the contract at issue anticipates the possible occurrence of
such breach and provides for a specific remedy in the event of such
occurrence.  According to the appellants, there is nothing
contained in any of the Lease Documents that even remotely
contemplates a unilateral breach by Genco of the Sublease or
disclaims damages therefor in the event such unilateral breach ever
occurred.

According to the Bankruptcy Court, two provisions of the Lease
Documents compelled the conclusion that Genco is not obligated to
pay any amounts sought in the two Claims.  The Bankruptcy Court
believed that section 2 of the SNDA specifically addresses the
exact circumstances now before the Court.

However, the Second Circuit explains that while rejection under
Section 365(g)(1)] is treated as a breach, it does not completely
terminate the contract. Thus, rejection merely frees the estate
from the obligation to perform; it does not make the contract
disappear. It follows that the Master Lease and the other Lease
Documents were not terminated solely by virtue of Genco's rejection
of those agreements. Accordingly, the Bankruptcy Court has either
erred by equating rejection with termination or by failing to make
a finding of fact that Genco terminated either the Master Lease or
the Sublease. As a consequence, it is unclear whether or not the
termination language in section 2 of the SNDA and section 5.1 of
the Sublease apply to this case. Likewise, the Bankruptcy Court
failed to address breach under section 365(g)(1) and whether and to
what extent the Lease Documents contemplated a breach by Genco.

In an Opinion and Order dated December 3, 2015, which is available
at http://is.gd/W3jcsJfrom Leagle.com, Judge Shira A. Scheindlin
of the United States District Court for the Southern District of
New York vacated the Bankruptcy Court's order disallowing
appellants' claims and remanded the matter to the Bankruptcy Court.


On remand, the Bankruptcy Court is directed to address the
appellants' arguments -- based on Section 365(g)(1) and the Lease
Documents -- that the rejection of the Lease Documents constituted
a breach of the Sublease by Genco, thereby entitling [] Fisher
Management to damages arising from such breach.  In so doing, the
Bankruptcy Court should consider the meaning of breach in section
365(g)(1), the interplay between such a breach and determining a
claim under section 502(g)(1), and the defenses to liability for
breach of a lease under New York law, Judge Scheindlin held.  The
Bankruptcy Court is further directed to determine the damages, if
any, arising from Genco's breach of the parties' agreements.  In
addition, the Bankruptcy Court may address any other issues it
deems necessary to resolving the claims objections, Judge
Scheindlin further held.

The case is FISHER BROTHERS MANAGEMENT CO. LLC and FISHER-PARK LANE
OWNER LLC, Appellants, v. GENCO SHIPPING & TRADING LIMITED, et al.,
Appellees, No. 15-cv-5473 (SAS)(S.D.N.Y.).

The bankruptcy case is In re GENCO SHIPPING & TRADING LIMITED, et
al., Reorganized Debtors, Case No. 14-11108 (Bankr. S.D.N.Y.).

Appellants Fisher Brothers Management Co. LLC and Fisher-Park Lane
Owner LLC are represented by Harvey A. Strickon, Esq., --
harveystrickon@paulhastings.com -- Paul Hastings LLP, New York,
NY.

Appellees Genco Shipping & Trading Limited, et al. are represented
by Adam C. Rogoff, Esq., ayerramalli@kramerlevin.com -- Kramer
Levin Naftalis & Frankel LLP, P. Bradley O'Neill, Esq., --
boneill@kramerlevin.com -- Kramer Levin Naftalis & Frankel LLP,
Natan Hamerman, Esq., -- nhamerman@kramerlevin.com -- Kramer Levin
Naftalis & Frankel LLP, Anupama Yerramalli, Esq., --
ayerramalli@kramerlevin.com -- Kramer Levin Naftalis & Frankel LLP

                     About Genco Shipping & Trading

New York-based Genco Shipping & Trading Limited (NYSE: GNK)
transports iron ore, coal, grain, steel products and other drybulk
cargoes along worldwide shipping routes.  Excluding Baltic Trading
Limited's fleet, Genco Shipping owns a fleet of 53 drybulk
vessels, consisting of nine Capesize, eight Panamax, 17 Supramax,
six Handymax and 13 Handysize vessels, with an aggregate carrying
capacity of approximately 3,810,000 dwt.  In addition, Genco
Shipping's subsidiary Baltic Trading Limited currently owns a
fleet of 13 drybulk vessels, consisting of four Capesize, four
Supramax, and five Handysize vessels.

Genco Shipping & Trading sought bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 14-11108) on April 21, 2014, to implement a
prepackaged financial restructuring that is expected to reduce the
Company's total debt by $1.2 billion and enhance its financial
flexibility.  The company's subsidiaries other than Baltic Trading
Limited (and related entities) also sought bankruptcy protection.

Genco, owned and controlled by Peter Georgiopoulos, disclosed
assets of $2.448 billion and debt of $1.475 billion as of Feb. 28,
2014.

Adam C. Rogoff, Esq., and Anupama Yerramalli, Esq., at Kramer
Levin Naftalis & Frankel LLP serve as the Debtors' bankruptcy
counsel.  Blackstone Advisory Partners, L.P., is the financial
advisor.  GCG Inc. is the claims and notice agent.

Wilmington Trust, N.A., in its capacity as successor
administrative and collateral agent under a 2007 credit agreement,
is represented by Dennis Dunne, Esq., and Samuel Khalil, Esq., at
Milbank Tweed Hadley & McCloy LLP.

Credit Agricole Corporate & Investment Bank, as agent and security
trustee under an August 2010 Loan Agreement; Deutsche Bank
Luxembourg S.A., as agent, and Deutsche Bank AG Fillale
Deutschlandgeschaft, as security agent and bookrunner under the
August 2010 Loan Agreement, are represented by Alan Kornberg,
Esq., Sarah Harnett, Esq., and Elizabeth McColm, Esq., at Paul
Weiss Rifkind Wharton & Garrison LLP.  Paul Weiss also represents
the Pre-Petition $100 Million and $253 Million Credit Facilities.

The Bank of New York Mellon, the indenture trustee for Genco's
5.00% Convertible Senior Notes due Aug. 15, 2014, and the
informal group of 5.00% Convertible Senior Notes due August 15,
2014, are represented by Michael Stamer, Esq., and Sarah Link
Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP.  Akin Gump
also represents the Informal Convertible Noteholder Group.

Kirkland & Ellis LLP's Christopher J. Marcus, Esq., Paul M. Basta,
Esq., Eric F. Leon, Esq., represent for Och-Ziff Management LP.

Brown Rudnick LLP's William R. Baldiga, Esq., represents an Ad Hoc
Consortium of Equity Holders.

Orrick, Herrington & Sutcliffe LLP's Douglas S. Mintz, Esq.,
Washington, DC, represents Deutsche Bank as Pre-Petition Lender,
and Credit Agricole, Corporate Investment Bank, as Post-Petition
Bankruptcy Lender.

Dechert LLP's Allan S. Brilliant, Esq., represents the Entities
Managed by Aurelius Capital Management, LP.

The U.S. Trustee has appointed an Official Committee of Equity
Security Holders.  The Equity Committee members are Aurelius
Capital Partners, LP; Mohawk Capital LLC; and OZ Domestic
Partners, LP.  It is represented by Steven M. Bierman, Esq.,
Benjamin R. Nagin, Esq., Michael G. Burke, Esq., James F. Conlan,
Esq., and Larry J. Nyhan, Esq., at Sidley Austin LLP.

Genco had filed a motion to disband the Equity Committee,
complaining that it is unnecessary and wasteful of the estates'
resources.

On July 2, 2014, the Company emerged from Chapter 11 of the
Bankruptcy Code pursuant to the terms of a reorganization plan that
was approved by the bankruptcy court and declared effective as of
July 9, 2014.


GT ADVANCED: Jan. 15 Set as Administrative Claims Bar Date
----------------------------------------------------------
The U.S. Bankruptcy Court for the District of New Hampshire
established Jan. 15, 2016, at 5:00 p.m. as the deadline for any
entity to file an administrative expense claim arising under
Sections 503(b) or 507(a)(2) of the Bankruptcy Code against the
estates of GT Advanced Technologies Inc. and its debtor
affiliates.

Proofs of claim must be filed with the Clerk of the Bankruptcy
Court via the Bankruptcy Court's CM/ECF System or by courier or
United States mail to the:

         Clerk of the Bankruptcy Court
         1000 Elm Street, Suite 1001
         Manchester, NH 03101-1708

                   About GT Advanced

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

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

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

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

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D.N.H. Lead Case No.
4-11916).  GT says that it has sought bankruptcy protection due to
a severe liquidity crisis brought about by its issues with Apple.

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

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

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

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


HAGGEN HOLDINGS: Court Approves $1.6-Million KERP
-------------------------------------------------
Haggen Holdings, LLC, and its affiliated debtors sought for and
obtained from Judge Kevin Gross of the U.S. Bankruptcy Court for
the District of Delaware approval of their key employee retention
plan ("KERP").

The Debtors' relate that their KERP covers approximately 231
non-insider employees ("Key Employees") who are essential to
implementing the Store Closing and Pharmacy Sales and the orderly
wind-down of operations at the Closing Stores. The Debtors further
relate that certain of the Key Employees  are critical to carrying
on the ongoing operations at the Debtors' core stores and
maintaining essential business functions.  The Debtors contend that
the Key Employees work across a variety of departments, but
generally fall into the following categories: (a) store managers;
(b) pharmacy managers; and (c) financial, human resources,
marketing, and operations specialists.  The Debtors further contend
that each Key Employee has a unique skill set and/or knowledge of
the Debtors' operations and business that would be difficult if not
impossible to replace.

The KERP contains these relevant terms, among others:

   (a) Key Employees who remain employed with the Debtors from
Sept. 24, 2015 until Nov. 22, 2015 ("KERP Eligibility Period") will
receive a lump sum award ranging from three to eight weeks of pay
at the eligible employee's base salary depending on the relative
importance of the particular Key Employee to the implementation of
the Store Closing and Pharmacy Sales or the Debtors' ongoing
operations at their remaining stores.  Certain Key Employees
providing financial and operational support to the Debtors
essential to their ongoing operations or services essential to
ensure the orderly wind-down of the Closing Stores will receive an
award of either four, six, or eight weeks of their base salary.

   (b)  In order to be eligible for an award under the KERP, Key
Employees must remain employed by the Debtors for the entirety of
the KERP Eligibility Period. Key Employees who voluntarily resign
or who are terminated for cause are not eligible for an award under
the KERP. Awards are generally payable upon the expiration of the
KERP Eligibility Period.

   (c) The total cost of the KERP is expected to be approximately
$1,604,038.

Jonathan P. Goulding, Managing Director of Alvarez & Marsal North
America, LLC ("A&M"), related that A&M has been engaged to provide
general restructuring and financial advice to the Debtors.  
Mr. Goulding opined that the Debtors' ability to carry out their
chapter 11 objectives and maximize the value of their estates will
depend, in large part, on the continued employment, active
participation, and dedication of the Key Employees through the
expiration of the KERP Eligibility Period.  Mr. Goulding contended
that if the Key Employees were to leave their employment with the
Debtors, the Debtors' ability to preserve and maximize their value
and administer the chapter 11 cases would be severely hampered.  He
believed that the loss of Key Employees at the closing stores would
seriously jeopardize the Debtors' ability to orderly and
efficiently conduct the store closing and pharmacy sales, thus
imposing further costs upon the Debtors, risking damage to
merchandise and furniture, fixtures, and equipment at the Closing
Stores, and impairing the value of the Debtors' estates to the
detriment of all stakeholders.

United Food and Commercial Workers International Union objected to
the Debtors' Motion.  The Union contended that the Debtors have
failed to meet their burden of showing that the executives to
receive the proposed payouts are not insiders.  The Union further
contended that the Debtors have no presented any evidence that: (a)
they undertook adequate due diligence in determining the amount;
(b) that the proposed bonuses are consistent with industry
practice; or (c) that the Debtors had independent counsel in
devising it.

Haggen Holdings is represented by:

          Matthew B. Lunn, Esq.
          Robert F. Poppiti, Jr., Esq.
          Ian J. Bambrick, Esq.
          Ashley E. Jacobs, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302)571-6600
          Facsimile: (302)571-1256
          E-mail: mlunn@ycst.com
                  rpoppiti@ycst.com
                  ibambrick@ycst.com
                  ajacobs@ycst.com

                 - and -

          Frank A. Merola, Esq.
          Sayan Bhattacharyya, Esq.
          Elizabeth Taveras, Esq.
          STROOCK & STROOCK & LAVAN LLP
          180 Maiden Lane
          New York, NY 10038
          Telephone: (212)806-5400
          Facsimile: (212)806-6006
          E-mail: fmerola@stroock.com
                  sbhattacharyya@strook.com
                  etaveras@stroock.com

United Food and Commercial Workers International Union is
represented by:

          Susan E. Kaufman, Esq.
          LAW OFFICE OF SUSAN E. KAUFMAN, LLC
          919 N. Market Street, Suite 460
          Wilmington, DE 19801
          Telephone: (302)472-7420
          Facsimile: (302)792-7420
          E-mail: skaufman@skaufmanlaw.com

                   - and -

          Richard M. Seltzer, Esq.
          Peter D. DeChiara, Esq.
          Michael S. Adler, Esq.
          COHEN, WEISS AND SIMON LLP
          330 West 42nd Street
          New York, NY 10036-6979
          Telephone: (212)563-4100
          Facsimile: (646)473-8219

                      About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

The Debtors estimated assets of $50 million to $100 million and
estimated liabilities of $10 million to $50 million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

In September 2015, T. Patrick Tinker, assistant U.S. trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.


HAGGEN HOLDINGS: Court OKs Store Closing Assets Sale Procedures
---------------------------------------------------------------
Haggen Holdings, LLC, and its affiliated debtors sought and
obtained from Judge Kevin Gross of the U.S. Bankruptcy Court for
the District of Delaware, authorization to implement procedures to
sell Store Closing Assets at their Phase 2 Closing Stores, free and
clear of all liens, claims, interests and encumbrances, as well as
procedures to sell, transfer or abandon De Minimis Assets.

Judge Gross also authorized operating debtors Haggen, Inc., Haggen
Opco North, LLC and Haggen Opco South, LLC, to enter into the
Second Letter Agreement Governing Inventory Disposition with Hilco
Merchant Resources.

The Debtors had previously identified 27 locations as the initial
Closing Stores ("Phase 1 Closing Stores"), many of which have
operating pharmacies on the premises.  The Debtors identified 100
additional Closing Stores ("Phase 2 Closing Stores") for which no
third-party has acquired, or made, a firm offer for the store as a
going concern.  The Debtors further related that they have decided
to close and liquidate their merchandise and furniture, fixtures,
and equipment.  The Debtors added that they are seeking authority
to enter into the Liquidation Agreement, which they have determined
in their business judgment proposes the most favorable terms.  The
Debtors contended that they formulated Sale Guidelines to liquidate
their Store Closing Assets in an orderly and efficient manner.
They further contended that these procedures also provide for the
ability to sell, transfer, or abandon certain surplus, obsolete,
non-core, or burdensome assets located at the Phase 2 Closing
Stores ("De Minimis Assets").

The Debtors related that they had selected Hilco, the agent already
engaged by them in connection with the liquidation of the Phase 1
Closing Stores, to conduct the Store Closing Sales for the Phase 2
Closing Stores on a similar fee basis.

Robert F. Poppiti, Jr., Esq., at Young Conaway Stargatt & Taylor,
LLP, in Wilmington, Delaware told the Court that the Phase 2
Closing Stores have an aggregate daily negative cash flow rate of
approximately $0.4 million and approximately $11.1 million per
month.  Mr. Poppiti estimated that closure of the Phase 2 Closing
Stores will generate approximately $57.4 million in savings for the
remainder of the 2015 fiscal year due to ongoing capital
expenditure requirements, hung marketing costs, labor costs,
replenishment costs, and other operating expenses.  Mr. Poppiti
further told the Court that the Debtors expect to be able to save
up to $2.7 million per month in associated corporate overhead and
centralized service expense.  Mr. Poppiti related that the sale of
the Store Closing Assets located in Phase 2 Closing Stores will
yield approximately $125.6 million in gross proceeds and, thus,
provide the Debtors with a necessary and significant cash infusion.
Mr. Poppiti concluded that for these reasons, liquidating the
Phase 2 Closing Stores in an orderly fashion in accordance with the
Sale Guidelines will inure to the benefit of the Debtors' estates
and all stakeholders.

The Liquidation Agreement, as amended, contains the following
relevant terms, among others:

   (1) Supplemental Sale Term: Will commence no earlier than
October 30, 2015, and terminate no later than Nov. 25, 2015.

   (2) Agent's Undertakings: (a) provide qualified supervisors
engaged by Agent to oversee the management of the Additional
Stores; (b) determine appropriate point-of-sale and external
advertising for the Additional Stores, approved in advance by
Merchant; (c) determine appropriate discounts of Merchandise,
staffing levels for the Additional Stores, approved in advance by
Merchant, and appropriate bonus and incentive programs, if any, for
the Additional Stores' employees, approved in advance by Merchant;
and (d) oversee display of Merchandise for the Additional Stores,
among others.

   (3) Merchant's Undertakings: (a) be the employer of the
Additional Stores' employees, other than the Supervisors;
(b) pay all taxes, costs, expenses, accounts payable, and other
liabilities relating to the Additional Stores, the Additional
Stores' employees and other representatives of Merchant; (c)
prepare and process all tax forms and other documentation; and
(d) collect all sales taxes and pay them to the appropriate taxing
authorities for the Additional Stores, among others,

   (4) Agent Fee and Expenses: Provided the Gross Cost Recovery is
no less than 88% ("Base Fee Threshold"), Agent will earn a fee
equal to 0.5% ("Agent's Supplemental Fee") of the aggregate Gross
Proceeds of Merchandise sold at the Additional Stores.  If the
Gross Cost Recovery is less than the Base Fee Threshold, Agent
shall not earn any fee for services.  If the Gross Cost Recovery is
equal to or greater than (i) 91.5%, Agent's Supplemental Fee shall
be increased by 0.25% for a total Agent's Supplemental Fee of 0.75%
of the aggregate Gross Proceeds of Merchandise sold at the
Additional Stores and (ii) 100.0%, Agent's Supplemental Fee shall
be increased by 0.15% for a total Agent's Supplemental Fee of 0.9%
of the aggregate Gross Proceeds of Merchandise sold at the
Additional Stores.

The Debtors provided the following terms, among others, for their
De Minimis Asset Sale Procedures:
          
   (a) For sales or transfers of De Minimis Assets in any
individual transaction or series of related transactions to a
single buyer or group of related buyers with a sale price less than
or equal to $200,000:

        (i) the Debtors are authorized to consummate such
transactions if the Debtors determine in the reasonable exercise of
their business judgment that such sales are in the best interest of
the estates, without further order of the Court or notice to any
party;

       (ii) any such transactions shall be free and clear of all
liens, claims and encumbrances with such liens, claims and
encumbrances attaching only to the sale proceeds with the same
validity, extent and priority as immediately prior to the
transaction; and

      (iii) each purchaser of a De Minimis Asset will be afforded
the protections of section 363(m) of the Bankruptcy Code as a good
faith purchaser.

   (b) For sales or transfers of De Minimis Assets in any
individual transaction or series of related transactions to a
single buyer or group of related buyers with a Sale Price greater
than $200,000 and less than or equal to $2,000,000:

        (i) the Debtors are authorized to consummate such
transactions if the Debtors determine in the reasonable exercise of
their business judgment that such sales are in the best interest of
the estates, without further order of the Court.

       (ii) any such transactions shall be free and clear of all
liens, claims and encumbrances with such liens, claims and
encumbrances attaching only to the sale proceeds with the same
validity, extent and priority as immediately prior to the
transaction;

      (iii) each purchaser of a De Minimis Asset will be afforded
the protections of Section 363(m) of the Bankruptcy Code as a good
faith purchaser;

       (iv) the Debtors will, at least five calendar days prior to
closing such sale or effectuating such transfer, serve a written
notice of such sale or transfer by e-mail, facsimile, or overnight
delivery service to (a) the Office of the United States Trustee for
the District of Delaware; (b) proposed counsel to the Creditors'
Committee; (c) any known affected creditor(s), including counsel to
any creditor asserting a lien claim or encumbrance on the relevant
De Minimis Assets, and their respective counsel, if known; (d)
those parties requesting notice pursuant to Bankruptcy Rule 2002;
(e) counsel to the agent for the Debtors' DIP Lenders; and (f)
counsel to the agent for the Debtors' Prepetition Secured Lender;

The Sale Guidelines contain, among others, these relevant terms:

   (1) The Supplemental Sale shall be conducted so that the Closing
Stores in which sales are to occur will remain open no longer than
during the normal hours of operation provided for in the respective
leases for the Closing Stores.

   (2) The Supplemental Sale shall be conducted in accordance with
applicable state and local "Blue Laws", where applicable, so that
no Supplemental Sale shall be conducted on Sunday unless the
Merchant had been operating such Closing Store on a Sunday.
   (3) At the conclusion of the Supplemental Sale, the Merchant
shall vacate the Closing Stores in broom clean condition, and shall
leave the Closing Stores in the same condition as on the
Supplemental Sale Commencement Date, ordinary wear and tear
excepted.

   (4) The Agent and the Merchant may abandon any FF&E and
Merchandise not sold in the Supplemental Sale at the Closing Stores
at the earlier of the conclusion of the Supplemental Sale or the
applicable Supplemental Sale Termination Date.

Haggen Holdings and its affiliated debtors are represented by:

          Matthew B. Lunn, Esq.
          Robert F. Poppiti, Jr., Esq.
          Ian J. Bambrick, Esq.
          Ashley E. Jacobs, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302)571-6600
          Facsimile: (302)571-1256
          E-mail: mlunn@ycst.com
                  rpoppiti@ycst.com
                  ibambrick@ycst.com
                  ajacobs@ycst.com

                - and -

          Frank A. Merola, Esq.
          Sayan Bhattacharyya, Esq.
          Matthew G. Garofalo, Esq.
          STROOCK & STROOCK & LAVAN LLP
          180 Maiden Lane
          New York, NY 10038
          Telephone: (212)806-5400
          Facsimile: (212)806-6006
          E-mail: fmerola@stroock.com
                  sbhattacharyya@strook.com
                  mgarofalo@strook.com

                      About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings and its affiliates filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 15-11874 to 15-11879) on Sept.
8, 2015, with the intention of reorganizing, or selling as a going
concern, their stores for the benefit of their creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

The Debtors estimated assets of $50 million to $100 million and
estimated liabilities of $10 million to $50 million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

In September 2015, T. Patrick Tinker, assistant U.S. trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.


HAGGEN HOLDINGS: Hilco Retention Without Application Questioned
---------------------------------------------------------------
Andrew R. Vara, Acting United States Trustee for Region 3, objected
to the motion filed by Debtors Haggen Holdings, LLC, et al., asking
the U.S. Bankruptcy Court for the District of Delaware for
authorization to continue with the conduct of their store closing
and other similar themed sales.

The store closing sales were to be conducted in accordance with the
Letter Agreement Governing Inventory Disposition ("Agreement") that
had been executed by operating debtors Haggen Opco North, LLC,
Haggen Opco South, LLC and Haggen, Inc., and Hilco Merchant
Resources, LLC.

The U.S. Trustee contended that the relief sought by the Debtors in
their motion does not adequately explain why Hilco does not need to
file an application under Section 327(a) of the Bankruptcy Code.
The U.S. Trustee further contended that the Debtors seek to utilize
Hilco's expertise as an agent to liquidate the Debtors' remaining
assets at 27 identified stores without seeking approval to retain
Hilco under Section 327 and Federal Rule of Bankruptcy Procedure
2014.  The U.S. Trustee relates that Hilco is acting as an agent
and liquidator, and its services strongly resemble those of an
auctioneer, which is one of the four specifically enumerated
professionals that the trustee or debtor-in-possession must seek
the Court's approval to employ under Section 327(a) before they can
perform services compensated by the estate.

            Fredericks' Declaration Supporting Motion

Ian Fredericks, Senior Vice President of Strategic Growth/Client
Development and Chief Legal Officer of Hilco Merchant Resources,
related that in the ordinary course of its business, Hilco and its
affiliates maintains a database for purposes of performing
"conflicts checks."  Mr. Fredericks further related that the
database contains information regarding its present and past
representations and transactions and that he obtained a list of the
Debtors, certain of the Debtors' creditors, and other parties in
interest in the cases from the counsel to the Debtors for purposes
of searching the aforementioned database and determining the
connections which Hilco or its affiliates has with such entities.

Mr. Fredericks contended that neither he nor any principal,
partner, director, nor officer employed, nor professional retained
by Hilco: (a) has agreed to share any portion of the compensation
to be received from the Debtors by Hilco with any other person
other than the principals and regular employees of Hilco; (b) holds
or represents any interest adverse to the Debtors or their estates
with respect to the matters upon which Hilco is engaged; and (c)
are, or within two years before the date the Debtors filed the
chapter 11 cases, directors or officers of the Debtors. Mr.
Fredericks further contended that Hilco is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code.

Andrew R. Vara, Acting United States Trustee for Region 3, is
represented by:

          Timothy J. Fox, Jr., Esq.
          David L. Buchbinder, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          J. Caleb Boggs Federal Building
          844 King Street, Suite 2207
          Wilmington, DE 19801
          Telephone: (302)573-6491
          Facsimile: (302)573-6497
          E-mail: Timothy.Fox@usdoj.gov

                      About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

The Debtors estimated assets of $50 million to $100 million and
estimated liabilities of $10 million to $50 million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

In September 2015, T. Patrick Tinker, assistant U.S. trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.


HAGGEN HOLDINGS: To Assume Supplements to Hilco Pact
----------------------------------------------------
Haggen Holdings, LLC, and its affiliated debtors gave notice to the
U.S. Bankruptcy Court for the District of Delaware that they were
seeking to assume supplements to their Letter Agreement Governing
Inventory Disposition ("Agreement") that had been executed by
operating debtors Haggen Opco North, LLC, Haggen Opco South, LLC
and Haggen, Inc., and agent Hilco Merchant Resources, LLC.

The Court had previously authorized, in the interim, the Operating
Debtors to conduct store closing sales in accordance with the
Agreement.

The Supplement stipulates that with respect to certain Starbucks
branded or related fixtures and equipment ("SB FF&E") at certain
Stores, the Merchant requests that the Agent oversee the completion
of the work at the Stores by the contractors selected by Merchant,
provided that the Parties agree that all espresso machines will be
removed, as opposed to destroyed, and stored by Merchant upon
removal at its sole cost and expense.  The Supplement further
stipulates that in respect of the SB FF&E Services, Merchant agrees
to reimburse Agent for out of pocket costs and expenses in
accordance with the reimbursement and payment terms of the
Agreement.

The Agreement contained the following relevant terms, among
others:

     (a) Merchandise: will mean (i) all goods, saleable in the
ordinary course, located in the Stores on the Sale Commencement
Date, (ii) direct store delivery goods; and (iii) other merchandise
consisting of books, magazines, greeting cards, tobacco, beer, wine
and other alcoholic products.

     (b) Sale Term: For each Store, the Sale will commence on or
about August 26, 2015 and terminate no later than Sept. 30, 2015.
The Parties may mutually agree in writing to extend or terminate
the Sale at any Store prior to the original Sale Termination Date.

     (c) Project Management:

         (1) Agent's Undertakings: During the Sale Term, Agent
Hilco Merchant Resources, LLC, will, in collaboration with
Merchant, (i) provide qualified supervisors engaged by Agent to
oversee the management of the Stores; (ii) determine appropriate
point-of-sale and external advertising for the Stores, approved in
advance by Merchant; (iii) determine appropriate discounts of
Merchandise, staffing levels for the Stores and appropriate bonus
and incentive programs, if any, for the Stores' employees, approved
in advance by the Merchant; and (iv) oversee display of Merchandise
for the Stores, among others.

          (2) Merchant's Undertakings: During the Sale Term, the
Merchant will, among others: (i) be the employer of the Stores'
employees, other than the Supervisors; (ii)pay all taxes, costs,
expenses, accounts payable, and other liabilities relating to the
Stores, the Stores' employees and other representatives of
Merchant; (iii) prepare and process all tax forms and other
documentation; (iv) collect all sales taxes and pay them to the
appropriate taxing authorities for the Stores; (v) use reasonable
efforts to cause Merchant's employees to cooperate with Agent and
the Supervisors; and (iv) execute all agreements determined by the
Merchant and Agent to be necessary or desirable for the operation
of the Stores during the Sale.

     (d) The Sale: All sales of Merchandise shall be made on behalf
of Merchant. Agent does not have, nor will have, any right, title
or interest in the Merchandise.

     (e) Agent Fee and Expenses in Connection with the Sale: In
consideration of its services, provided the Gross Cost Recovery is
no less than 87%, Agent shall earn a fee equal to one and one half
percent of the aggregate Gross Proceeds of Merchandise sold at the
Stores.  If the Gross Cost Recovery is less than the Base Fee
Threshold, Agent will not earn any fee for services.  If the Gross
Cost Recovery is equal or greater than 97%, Agent's fee will be
increased to two percent of the aggregate Gross Proceeds of
Merchandise sold at the Stores.

Haggen Holdings and its affiliated debtors are represented by:

          Matthew B. Lunn, Esq.
          Robert F. Poppiti, Jr., Esq.
          Ian J. Bambrick, Esq.
          Ashley E. Jacobs, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302)571-6600
          Facsimile: (302)571-1256
          E-mail: mlunn@ycst.com
                  rpoppiti@ycst.com
                  ibambrick@ycst.com
                  ajacobs@ycst.com

                - and -

          Frank A. Merola, Esq.
          Sayan Bhattacharyya, Esq.
          Elizabeth Taveras, Esq.
          STROOCK & STROOCK & LAVAN LLP
          180 Maiden Lane
          New York, NY 10038
          Telephone: (212)806-5400
          Facsimile: (212)806-6006
          E-mail: fmerola@stroock.com
                  sbhattacharyya@strook.com
                  etaveras@stroock.com

                      About Haggen Holdings

Headquartered in Bellingham, Washington, Haggen was founded in 1933
as a single grocery store.  From 1933 to 2014, Haggen grew into a
30 store family-run grocery chain, with stores located in the
northwestern United States.  From 2011 to 2014, Haggen reduced its
store base to 18, including a stand-alone pharmacy location.

Haggen rapidly expanded in 2014 and 2015, and, as of the Petition
Date, Haggen owned and operated 164 stores through three operating
companies: Haggen, Inc., Haggen Opco North, LLC and Haggen Opco
South, LLC.

Haggen Holdings, LLC, and its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11874 to
15-11879) on Sept. 8, 2015, with the intention of reorganizing, or
selling as a going concern, their stores for the benefit of their
creditors.

The petitions were signed by Blake Barnett, the chief financial
officer.

The Debtors estimated assets of $50 million to $100 million and
estimated liabilities of $10 million to $50 million.

Young, Conaway, Stargatt & Taylor, LLP, is serving as the Debtors'
local counsel.  Stroock & Stroock & Lavan LLP serves as the
Debtors' general counsel.  Alvarez & Marsal North America, LLC,
acts as the Debtors' financial advisor.  Kurtzman Carson
Consultants LLC serves as the Debtors' claims and noticing agent.

In September 2015, T. Patrick Tinker, assistant U.S. trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.


HCSB FINANCIAL: Chief Credit Officer Glenn Bullard Retires
----------------------------------------------------------
Glenn R. Bullard retired from his position as the senior executive
vice president and chief credit officer of HCSB Financial
Corporation and Horry County State Bank.  Mr. Bullard's retirement
did not arise or result from any disagreement with the Company on
any matters relating to the Company's operations, policies, or
practices.  The Company is grateful for Mr. Bullard's years of
dedicated service to the Company and the Bank.

                       About HCSB Financial

Loris, South Carolina-based HCSB Financial Corporation was
incorporated on June 10, 1999, to become a holding company for
Horry County State Bank.  The Bank is a state chartered bank which
commenced operations on Jan. 4, 1988.  From its 13 branch
locations, the Bank offers a full range of deposit services,
including checking accounts, savings accounts, certificates of
deposit, money market accounts, and IRAs, as well as a broad range
of non-deposit investment services.  During the third quarter of
2011, the Bank closed its Covenant Towers branch located at Myrtle
Beach.  All deposits were transferred to the Bank's Myrtle Beach
branch and the Bank does not expect any disruption of service in
that market for its customers.

HCSB Financial reported a net loss available to common shareholders
of $1.4 million on $16.09 million of total interest income for the
year ended Dec. 31, 2014, compared to net income available to
common shareholders of $911,000 on $17.07 million of total interest
income for the year ended Dec. 31, 2013.

Elliott Davis Decosimo, LLC, in Columbia, South Carolina, 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 that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation that requires, among other
provisions, capital ratios to be maintained at certain levels.  As
of Dec. 31, 2014, the Company's subsidiary is considered
significantly undercapitalized based on its regulatory capital
levels.  These considerations raise substantial doubt about the
Company's ability to continue as a going concern.  The Company also
has deferred interest payments on its junior subordinated
debentures for 16 consecutive quarters as of Dec. 31, 2014.  Under
the terms of the debentures, the Company may defer payments for up
to 20 consecutive quarters without creating a default.  Payment for
the 20th quarter interest deferral period will be due in March
2016.  If the Company fails to pay the deferred and compounded
interest at the end of the deferral period, the trustees of the
corresponding trusts, would have the right, after any applicable
grace period, to exercise various remedies, including demanding
immediate payment in full of the entire outstanding principal
amount of the debentures.  The balance of the debentures and
accrued interest as of December 31, 2014 were $6.19 million and
$714,000, respectively.  These events also raise substantial doubt
about the Company's ability to continue as a going concern as of
Dec. 31, 2014.

As of Sept. 30, 2015, the Company had $378.54 million in total
assets, $389.72 million in total liabilities and a shareholders'
deficit of $11.17 million.

                          Bankruptcy Warning

The Company has been deferring interest payments on its trust
preferred securities since March 2011 and has deferred interest
payments for 19 consecutive quarters.  The Company is allowed to
defer payments for up to 20 consecutive quarterly periods, although
interest will also accrue and compound quarterly from the date such
deferred interest would have been payable were it not for the
extension period.  All of the deferred interest, including interest
accrued on such deferred interest, is due and payable at the end of
the applicable deferral period, which is in March 2016. At Sept.
30, 2015, total accrued interest equaled $852 thousand.

"If we are not able to raise a sufficient amount of additional
capital, the Company will not be able to pay this interest when it
becomes due and the Bank may be unable to remain in compliance with
the Consent Order.  In addition, the Company must first make
interest payments under the subordinated notes, which are senior to
the trust preferred securities.  Even if the Company succeeds in
raising capital, it will have to be released from the Written
Agreement or obtain approval from the Federal Reserve Bank of
Richmond to pay interest on the trust preferred securities.  If
this interest is not paid by March 2016, the Company will be in
default under the terms of the indenture related to the trust
preferred securities.  If the Company fails to pay the deferred and
compounded interest at the end of the deferral period the trustee
or the holders of 25% of the aggregate trust preferred securities
outstanding, by providing written notice to the Company, may
declare the entire principal and unpaid interest amounts of the
trust preferred securities immediately due and payable.  The
aggregate principal amount of these trust preferred securities is
$6.0 million.  The trust preferred securities are junior to the
subordinated notes, so even if a default is declared the trust
preferred securities cannot be repaid prior to repayment of the
subordinated notes.  However, if the trustee or the holders of the
trust preferred securities declares a default under the trust
preferred securities, the Company could be forced into involuntary
bankruptcy," the Company states in the Form 10-Q for the period
ended Sept. 30, 2015.


HCSB FINANCIAL: Johnny Allen Quits as Director
----------------------------------------------
Johnny C. Allen resigned from his position as a director of HCSB
Financial Corporation and Horry County State Bank.  Mr. Allen's
decision to resign from the boards of directors was for personal
reasons and did not arise or result from any disagreement with the
Company on any matters relating to the Company's operations,
policies, or practices.  The Company is grateful for Mr. Allen's
years of dedicated service to the Company and the Bank.

Mr. Allen also served on the Company's Compensation Committee.  The
Company does not anticipate immediately filling the vacancy on the
board caused by Mr. Allen's resignation at this time.

                       About HCSB Financial

Loris, South Carolina-based HCSB Financial Corporation was
incorporated on June 10, 1999, to become a holding company for
Horry County State Bank.  The Bank is a state chartered bank which
commenced operations on Jan. 4, 1988.  From its 13 branch
locations, the Bank offers a full range of deposit services,
including checking accounts, savings accounts, certificates of
deposit, money market accounts, and IRAs, as well as a broad range
of non-deposit investment services.  During the third quarter of
2011, the Bank closed its Covenant Towers branch located at Myrtle
Beach.  All deposits were transferred to the Bank's Myrtle Beach
branch and the Bank does not expect any disruption of service in
that market for its customers.

HCSB Financial reported a net loss available to common shareholders
of $1.4 million on $16.09 million of total interest income for the
year ended Dec. 31, 2014, compared to net income available to
common shareholders of $911,000 on $17.07 million of total interest
income for the year ended Dec. 31, 2013.

Elliott Davis Decosimo, LLC, in Columbia, South Carolina, 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 that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation that requires, among other
provisions, capital ratios to be maintained at certain levels.  As
of Dec. 31, 2014, the Company's subsidiary is considered
significantly undercapitalized based on its regulatory capital
levels.  These considerations raise substantial doubt about the
Company's ability to continue as a going concern.  The Company also
has deferred interest payments on its junior subordinated
debentures for 16 consecutive quarters as of Dec. 31, 2014.  Under
the terms of the debentures, the Company may defer payments for up
to 20 consecutive quarters without creating a default.  Payment for
the 20th quarter interest deferral period will be due in March
2016.  If the Company fails to pay the deferred and compounded
interest at the end of the deferral period, the trustees of the
corresponding trusts, would have the right, after any applicable
grace period, to exercise various remedies, including demanding
immediate payment in full of the entire outstanding principal
amount of the debentures.  The balance of the debentures and
accrued interest as of December 31, 2014 were $6.19 million and
$714,000, respectively.  These events also raise substantial doubt
about the Company's ability to continue as a going concern as of
Dec. 31, 2014.

As of Sept. 30, 2015, the Company had $378.54 million in total
assets, $389.72 million in total liabilities and a shareholders'
deficit of $11.17 million.

                          Bankruptcy Warning

The Company has been deferring interest payments on its trust
preferred securities since March 2011 and has deferred interest
payments for 19 consecutive quarters.  The Company is allowed to
defer payments for up to 20 consecutive quarterly periods, although
interest will also accrue and compound quarterly from the date such
deferred interest would have been payable were it not for the
extension period.  All of the deferred interest, including interest
accrued on such deferred interest, is due and payable at the end of
the applicable deferral period, which is in March 2016. At Sept.
30, 2015, total accrued interest equaled $852 thousand.

"If we are not able to raise a sufficient amount of additional
capital, the Company will not be able to pay this interest when it
becomes due and the Bank may be unable to remain in compliance with
the Consent Order.  In addition, the Company must first make
interest payments under the subordinated notes, which are senior to
the trust preferred securities.  Even if the Company succeeds in
raising capital, it will have to be released from the Written
Agreement or obtain approval from the Federal Reserve Bank of
Richmond to pay interest on the trust preferred securities.  If
this interest is not paid by March 2016, the Company will be in
default under the terms of the indenture related to the trust
preferred securities.  If the Company fails to pay the deferred and
compounded interest at the end of the deferral period the trustee
or the holders of 25% of the aggregate trust preferred securities
outstanding, by providing written notice to the Company, may
declare the entire principal and unpaid interest amounts of the
trust preferred securities immediately due and payable.  The
aggregate principal amount of these trust preferred securities is
$6.0 million.  The trust preferred securities are junior to the
subordinated notes, so even if a default is declared the trust
preferred securities cannot be repaid prior to repayment of the
subordinated notes.  However, if the trustee or the holders of the
trust preferred securities declares a default under the trust
preferred securities, the Company could be forced into involuntary
bankruptcy," the Company states in the Form 10-Q for the period
ended Sept. 30, 2015.


HEBREW HOSPITAL: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Hebrew Hospital Home of Westchester, Inc.
        55 Grasslands Road
        Valhalla, NY 10595

Case No.: 16-10028

Nature of Business: Health Care

Chapter 11 Petition Date: January 8, 2016

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

Judge: Hon. Michael E. Wiles

Debtor's Counsel: Raymond L. Fink, Esq.
                  HARTER SECREST & EMERY LLP
                  12 Fountain Plaza, Suite 400
                  Buffalo, NY 14202
                  Tel: 716.853.1616
                  Fax: 716.853.1617
                  Email: rfink@hselaw.com

                    - and -

                  John Mueller, Esq.
                  HARTER SECREST & EMERY LLP
                  12 Fountain Plaza, suite 400
                  Buffalo, NY 14202-2293
                  Tel: 716-844-3701
                  Fax: 716-853-1617
                  Email: jmueller@hselaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Mary Frances Barrett, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nysb16-10028.pdf


HEXION INC: Signs Separation Agreement with EVP and CFO
-------------------------------------------------------
Hexion Inc. entered into a letter agreement with Mr. William H.
Carter in connection with his resignation from his role as
executive vice president and chief financial officer of the Company
as of Dec. 31, 2015, and retirement from the Company effective as
of Jan. 1, 2016.  

Pursuant to the Separation Agreement, Mr. Carter will, among other
things, be entitled to the following payments and benefits: (i)
payment of cash incentive bonuses under the Hexion Holdings LLC
2015 Incentive Compensation Plan and the Hexion Holdings LLC
Long-Term Cash Incentive Plan, in each case, notwithstanding his
retirement, (ii) a distribution of 192,969 Common Units in Hexion
Holdings LLC under the BHI Acquisition Corp. 2004 Deferred
Compensation Plan, in accordance with the terms of such plan, and
(iii) his unvested equity awards will continue to be eligible to
vest through the earlier of the scheduled vesting date or Dec. 31,
2020, and vested equity awards will remain exercisable through Dec.
31, 2020, subject to earlier cancellation in accordance with the
applicable plan.  The Separation Agreement also provides for Mr.
Carter's release of all employment related claims.

                         About Hexion Inc.

Hexion Inc., formerly known as Momentive Specialty Chemicals, Inc.,
headquartered in Columbus, Ohio, is a producer of thermoset resins
(epoxy, formaldehyde and acrylic).  The company is also a supplier
of specialty resins for inks and specialty coatings sold to a
diverse customer base as well as a producer of commodities such as
formaldehyde, bisphenol A, epichlorohydrin, versatic acid and
related derivatives.

Hexion reported a net loss of $148 million in 2014 following a net
loss of $634 million in 2013.

As of Sept. 30, 2015, the Company had $2.59 billion in total
assets, $5.05 billion in total liabilities and a $2.45 billion
total deficit.

                           *     *     *

The TCR reported on Oct. 3, 2014, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Momentive
Specialty by one notch to 'CCC+' from 'B-'.  "The downgrade
follows MSC's significant use of cash in the first half of 2014 and
our expectation that lackluster cash flow from operations and
elevated capital spending will cause free operating cash flow to be
significantly negative in 2014 and 2015," said Standard & Poor's
credit analyst Cynthia Werneth.

As reported by the TCR on Dec. 15, 2014, Moody's Investors Service
lowered the Corporate Family Rating of Momentive to 'Caa1' from
'B3'.  "Due to elevated leverage, heavy capital spending on new
capacity in 2014 and 2015, and the lack of meaningful improvement
in financial performance, Moody's have lowered Momentive
Specialty's rating," stated John Rogers, senior vice president at
Moody's.


HOVENSA LLC: Seeks to Honor Consultant Agreements, Pay Bonuses
--------------------------------------------------------------
Hovensa L.L.C. seeks authority from the District Court of the
Virgin Islands Bankruptcy Division to honor agreements it entered
into with 10 consultants, who were retained to effectively maintain
and market its assets through a sale process, transition into the
Chapter 11 case, complete the sale of its assets and wind down the
Debtor's business and estate.

According to the Debtor, now that the order for the sale of its
assets to Limetree Bay Holdings, LLC, has been entered, the Debtor
is at a critical stage in its chapter 11 case; a stage that
requires reliable, dedicated, and most importantly, knowledgeable
assistance.  The Consultants have proven to be indispensable and
essential to the results achieved to date, and their wealth of
institutional knowledge has substantially reduced the
administrative costs borne by the estate.  Going forward, the
Debtor will continue to rely on the Consultants as it works
towards: (a) the close of the sale of its assets to Limetree; (b)
the confirmation of a plan of liquidation; and (c) the orderly wind
down of the Debtor's remaining business and otherwise resolving its
remaining obligations and liabilities.

The Debtor asserts that attempting to replicate the Consultants'
institutional knowledge would be impossible, and replacing the
Consultants with individuals lacking knowledge of the Debtor's
operations would be inefficient and detrimental to the chapter 11
case -- particularly given that the Debtor must move on an
expedited basis to accomplish these tasks.

The Debtor also seeks authority from the Court to pay Contractual
Bonuses to the Consultants conditioned on an agreement with each of
the Consultants to extend his or her Consultant Agreement through
January 31, 2016.  Eight of the Consultant Agreements included a
bonus component, which is scheduled to be paid on December 31,
2015.  The Contractual Bonuses total $160,800, in the aggregate.

The Debtor proposes to pay the Contractual Bonuses as well as a
slight increase in each Consultant's monthly consulting fee in
order to induce the Consultants to remain with the Debtor through
this critical period.  The total potential increase in monthly
consulting fees to all Consultants is approximately $28,000, in the
aggregate.

The Debtor is represented by:

         Richard H. Dollison, Esq.
         LAW OFFICES OF RICHARD H. DOLLISON, P.C.
         48 Dronningens Gade, Suite 2C
         St. Thomas, U.S. Virgin Islands 00802
         Tel: (340) 774-7044
         Fax: (340) 774-7045

            -- and --

         Lorenzo Marinuzzi, Esq.
         Jennifer L. Marines, Esq.
         William M. Hildbold, Esq.
         MORRISON & FOERSTER LLP
         250 West 55th Street
         New York, NY 10019
         Tel: (212) 468-8000
         Fax: (212) 468-7900

                           About Hovensa

Hovensa, L.L.C, owns an oil refinery and an oil storage facility
business, both located on the island of St. Croix, U.S. Virgin
Islands, and both of which are currently idled.  The refinery and
storage facilities span approximately 2,000 acres of land located
on the south shore of St. Croix, including approximately 300 acres
of undeveloped land to the east of the refinery and storage.
Hovensa currently maintains its headquarters at 1 Estate Hope,
Christiansted, St. Croix, USVI.

Hovensa was formed in June 1998 and, through a series of agreements
dated Oct. 30, 1998, became a joint venture between Hess Oil Virgin
Islands Corporation ("HOVIC"), a subsidiary of Hess Corporation
(f/k/a Amerada Hess Corporation), and PDVSA V.I., Inc. ("PDV-VI"
and together with HOVIC, the "JV Parties"), a subsidiary of
Petroleos de Venezuela, S.A. ("PDVSA"), the national oil company of
Venezuela.

Hovensa L.L.C. filed a Chapter 11 bankruptcy petition in the U.S.
Bankruptcy Court for the District of the Virgin Islands (Bankr. D.
V.I. Case No. 15-10003) on Sept. 15, 2015, with a deal to sell most
of the assets.  Judge Mary F. Walrath is assigned to the case.

The Debtor estimated assets of $100 million to $500 million, and
liabilities of more than $1 billion.

The Debtors tapped Morrison & Foerster LLP as bankruptcy counsel;
The Law Offices of Richard H. Dollison as local bankruptcy counsel;
Alvarez & Marsal North America, LLC to provide Thomas E. Hill as
chief restructuring officer; Lazard Frares & Co. LLC as investment
banker; White & Case LLP as special mergers and acquisitions
counsel; and Prime Clerk LLC as claims and noticing agent and as
administrative agent.

The Official Committee of Unsecured Creditors tapped Dentons US LLP
counsel; Hamm Eckard, LLP as its local/co-counsel; and Berkeley
Research Group, LLC as its financial advisor.

The Debtor's owners, HOVIC and PDV-VI, have agreed to provide DIP
financing in an amount not to exceed $40 million.  The DIP facility
requires the Debtors to achieve certain milestones, including
closing of the sale by Dec. 31, 2015.


HOVENSA, LLC: Has Exclusive Right to File Plan Until March 14, 2016
-------------------------------------------------------------------
Cara Salvatore at Bankruptcy Law360 reported that the Hess-linked
oil refinery at the center of a U.S. Virgin Islands bankruptcy
tangle will maintain control of its bankruptcy for a bit longer, a
federal judge ruled on Jan. 4, 2015, extending Hovensa LLC's
exclusivity period to March 14.

Hovensa filed for bankruptcy in September, citing poor economic
conditions, "intense competition," and approximately $1.3 billion
in losses between 2009 and 2011, according to first-day filings.
The St. Croix refinery, which processed crude oil from Venezuela
and other places, is dually owned by Hess Corp. and Petroleos de
Venezuela.

                           About Hovensa

Hovensa, L.L.C, owns an oil refinery and an oil storage facility
business, both located on the island of St. Croix, U.S. Virgin
Islands, and both of which are currently idled.  The refinery and
storage facilities span approximately 2,000 acres of land located
on the south shore of St. Croix, including approximately 300 acres
of undeveloped land to the east of the refinery and storage.
Hovensa currently maintains its headquarters at 1 Estate Hope,
Christiansted, St. Croix, USVI.

Hovensa was formed in June 1998 and, through a series of
agreements
dated October 30, 1998, became a joint venture between Hess Oil
Virgin Islands Corporation ("HOVIC"), a subsidiary of Hess
Corporation (f/k/a Amerada Hess Corporation), and PDVSA V.I., Inc.
("PDV-VI" and together with HOVIC, the "JV Parties"), a subsidiary
of Petróleos de Venezuela, S.A. ("PDVSA"), the national oil
company of Venezuela.

Hovensa L.L.C. filed a Chapter 11 bankruptcy petition in the U.S.
Bankruptcy Court for the District of the Virgin Islands (Bankr. D.
V.I. Case No. 15-10003) on Sept. 15, 2015, with a deal to sell
most
of the assets.  Judge Mary F. Walrath is assigned to the case.

The Debtor estimated assets of $100 million to $500 million, and
liabilities of more than $1 billion.

The Debtors tapped Morrison & Foerster LLP as bankruptcy counsel;
The Law Offices of Richard H. Dollison as local bankruptcy
counsel;
Alvarez & Marsal North America, LLC to provide Thomas E. Hill as
chief restructuring officer; Lazard Frères & Co. LLC as
investment banker; White & Case LLP as special mergers and
acquisitions counsel; and Prime Clerk LLC as claims and noticing
agent and as administrative agent.

The Official Committee of Unsecured Creditors tapped Dentons US
LLP
counsel; Hamm Eckard, LLP as its local/co-counsel; and Berkeley
Research Group, LLC as its financial advisor.

The Debtor's owners, HOVIC and PDV-VI, have agreed to provide DIP
financing in an amount not to exceed $40 million.  The DIP
facility
requires the Debtors to achieve certain milestones, including
closing of the sale by Dec. 31, 2015.


IDERA PHARMACEUTICALS: Appoints Maxine Gowen to Board
-----------------------------------------------------
Idera Pharmaceuticals, Inc., announced that Maxine Gowen, Ph.D.,
joined its Board of Directors, effective Jan. 4, 2016.

Dr. Gowen is the founding president and chief executive officer of
Trevena, Inc.  Prior to leading Trevena, Dr. Gowen held a variety
of leadership roles at GlaxoSmithKline (GSK) over a period of
fifteen years.  Dr. Gowen also held a tenured academic position in
the School of Pharmacology, University of Bath, UK.  Dr. Gowen
earned her Bachelor's degree in Biochemistry from the University of
Bristol, UK, her Ph.D. in Cell Biology from the University of
Sheffield, UK and earned her MBA from the Wharton School of the
University of Pennsylvania.  Dr. Gowen also serves on the Board of
Directors of Akebia Therapeutics and the state and national
biotechnology industry associations, PA BIO and BIO.

"I would like to welcome Maxine to the Idera Board, stated Jim
Geraghty, Chairman of Idera's Board of Directors.  "The addition of
Maxine significantly strengthens our Board's ability to guide
Idera's strategic clinical development endeavors through her vast
industry drug development and leadership experience."

"Maxine brings a wealth of industry knowledge and experience along
with organization leadership, which further enhances our Board's
ability to help guide Idera into the future as we continue our
transition towards becoming a company focused on delivering
approved therapies for patients suffering from certain cancers and
rare diseases," stated Vincent Milano, Idera's chief executive
officer.  "I welcome Maxine to our board and we are looking forward
to working closely with her to help mold Idera's bright future."



In accordance with the Company's director compensation program, Dr.
Gowen will receive an annual cash retainer of $35,000 for service
on the Board, which is payable quarterly in arrears.  The Company's
director compensation program includes a stock-for-fees policy,
under which Dr. Gowen has the right to elect, on a quarterly basis,
to receive Common Stock of the Company in lieu of the cash fees.
Dr. Gowen has not elected to receive the Company's Common Stock for
fees at this time.

Dr. Gowen has also been elected to the Compensation Committees of
the Board for which she will receive and additional annual cash
retainer of $7,000 payable quarterly in arrears.  There was no
arrangement or understanding between Dr. Gowen and any other
persons pursuant to which Dr. Gowen was elected as a director and
there are no related party transactions between Dr. Gowen and the
Company.

                         About Idera

Cambridge, Massachusetts-based Idera Pharmaceuticals, Inc., is a
clinical stage biotechnology company engaged in the discovery and
development of novel synthetic DNA- and RNA-based drug candidates
that are designed to modulate immune responses mediated through
Toll-like Receptors, or TLRs.  The Company has two drug
candidates, IMO-3100, a TLR7 and TLR9 antagonist, and IMO-8400, a
TLR7, TLR8, and TLR9 antagonist, in clinical development for the
treatment of autoimmune and inflammatory diseases.

Idera Pharmaceuticals reported a net loss attributable to common
stockholders of $39.2 million in 2014, a net loss applicable to
common stockholders of $21.09 million in 2013 and a net loss
applicable to common stockholders of $22.5 million in 2012.

As of Sept. 30, 2015, the Company had $99.08 million in total
assets, $6.42 million in total liabilities and $92.7 million in
total stockholders' equity.


IDERA PHARMACEUTICALS: Board Approves Executive Compensation
------------------------------------------------------------
The Compensation Committee of the Board of Directors of Idera
Pharmaceuticals, Inc., approved compensation for its named
executive officers:

  * The payment of cash bonus award for 2015;

  * The grant of options to purchase shares of common stock of the

    Company; and

  * New annual base salaries for 2016.

              Name: Vincent J. Milano
                    President and Chief Executive Officer

        2015 Bonus: $288,120

     Stock Options: 300,000

2016 Annual Salary: $600,000

              Name: Sudhir Agrawal, D. Phil.
                    President of Research

        2015 Bonus: $302,577

     Stock Options: 231,250

2016 Annual Salary: $588,100

              Name: Louis J. Arcudi, III
                    Senior Vice President of Operations, Chief     
        
                    Financial Officer & Treasurer

        2015 Bonus: $132,261

     Stock Options: 185,000

2016 Annual Salary: $347,500

                           About Idera

Cambridge, Massachusetts-based Idera Pharmaceuticals, Inc., is a
clinical stage biotechnology company engaged in the discovery and
development of novel synthetic DNA- and RNA-based drug candidates
that are designed to modulate immune responses mediated through
Toll-like Receptors, or TLRs.  The Company has two drug
candidates, IMO-3100, a TLR7 and TLR9 antagonist, and IMO-8400, a
TLR7, TLR8, and TLR9 antagonist, in clinical development for the
treatment of autoimmune and inflammatory diseases.

Idera Pharmaceuticals reported a net loss attributable to common
stockholders of $39.2 million in 2014, a net loss applicable to
common stockholders of $21.09 million in 2013 and a net loss
applicable to common stockholders of $22.5 million in 2012.

As of Sept. 30, 2015, the Company had $99.08 million in total
assets, $6.42 million in total liabilities and $92.65 million in
total stockholders' equity.


IHEARTCOMMUNICATIONS: Closes Sale of Outdoor Markets for $458.5M
----------------------------------------------------------------
Clear Channel Outdoor Holdings, Inc., IHeartCommunications, Inc.'s
indirect subsidiary, closed two transactions involving the sale by
its Americas Outdoor segment of five non-strategic outdoor markets
to Lamar Advertising Company for an aggregate purchase price of
$458.5 million.

The first transaction involved the sale of CCOH's Reno, NV,
Seattle/Tacoma, WA, and Des Moines, IA markets.  For the twelve
months ended Sept. 30, 2015, these markets generated $40.9 million
in net revenues and $18.9 million in OIBDAN.  The second
transaction involved the sale of CCOH's Cleveland, OH and Memphis,
TN markets, which generated $35.6 million in net revenues and $17.8
million in OIBDAN for the twelve months ended Sept. 30, 2015.  The
aggregate purchase price of $458.5 million represents a blended
multiple of 12.5x of the five markets' OIBDAN for the twelve months
ended Sept. 30, 2015.  Following these transactions, CCOH's Outdoor
Americas segment will have operations in 44 of the top 50 U.S.
markets.

                    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'.


IHEARTMEDIA INC: S&P Lowers CCR to 'CCC', Outlook Negative
----------------------------------------------------------
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating on San Antonio, Texas-based radio
broadcaster and outdoor advertising company iHeartMedia Inc. to
'CCC' from 'CCC+'.  The rating outlook is negative.

At the same time, S&P lowered its issue-level ratings on Clear
Channel Outdoor Holding Inc.'s (CCOH's) and iHeartCommunications
Inc.'s debt by one notch.  Recovery ratings remain unchanged.

iHeartMedia is the parent company of iHeartCommunications.

The downgrades follow CCOH's announcement that it has reached an
agreement to sell a portion of its outdoor assets to Lamar Media
Corp. for $458.5 million.  "Although the asset sale will be
beneficial to iHeartMedia's liquidity and modestly beneficial to
the company's very high leverage, we believe there are still
substantial risks surrounding the long-term viability of its
capital structure," said Standard & Poor's credit analyst Jeanne
Shoesmith.  "We believe iHeartCommunications may use existing cash
and a portion of the asset sale proceeds to repurchase debt at
discounted levels, which we would view as tantamount to default,
based on our criteria."  S&P could further lower its ratings on
iHeartMedia in the event that a subpar debt tender offer is
announced.  Various tranches of debt at iHeartCommunications are
currently trading at roughly a 30%-60% discount to par.

The negative rating outlook reflects the prospect that S&P could
further downgrade iHeartMedia over the next 12 months if the
company undertakes a subpar debt repurchase or exchange.

S&P could lower its corporate credit rating on iHeartMedia if S&P
view a default as inevitable within the next six months, absent any
significantly favorable changes in the company's circumstances.

S&P could raise the rating if the company's liquidity improves,
which would most likely occur if it raises additional equity or
executes deleveraging asset sales.  An upgrade would also likely
entail an improvement in the company's debt trading levels that
would preclude the possibility of subpar debt repurchases or
exchanges.



IMPLANT SCIENCES: Has Going Concern Doubt, Need for Add'l Capital
-----------------------------------------------------------------
Implant Sciences Corporation has substantial doubt about its
ability to continue as a going concern, according to William J.
McGann, president and chief executive officer, and Roger P.
Deschenes, vice president - finance and chief financial officer of
the company in a regulatory filing with the U.S. Securities and
Exchange Commission on November 16, 2015.

Messrs. McGann and Deschenes explained: "Despite our current sales,
expense and cash flow projections and $3,766,000 in cash available
from our line of credit with DMRJ Group LLC, at October 31, 2015,
we will require additional capital in the third quarter of fiscal
2016 to fund operations and continue the development,
commercialization and marketing of our products.  There can be no
assurance that DMRJ will continue to make advances under our
revolving line of credit.  Our failure to achieve our projections
and/or obtain sufficient additional capital on acceptable terms
would have a material adverse effect on our liquidity and
operations and could require us to file for protection under
bankruptcy laws.

"Our common stock was delisted by the NYSE Amex LLC in June 2009 as
a result of our failure to comply with certain continued listing
requirements.  Our common stock has been quoted on the OTC Bulletin
Board since May 2009 and is also quoted on the OTC Markets Group's
OTCQB tier under the symbol 'IMSC'.  We believe that trading 'over
the counter' has limited our stock's liquidity and has impaired our
ability to raise capital.

"In addition, while we strive to bring new products to market, we
are subject to a number of risks similar to the risks faced by
other technology-based companies, including risks related to: (a)
our dependence on key individuals and collaborative research
partners; (b) competition from substitute products and larger
companies; (c) our ability to develop and market commercially
usable products and obtain regulatory approval for our products
under development; and (d) our ability to obtain substantial
additional financing necessary to adequately fund the development,
commercialization and marketing of our products.  For the three
months ended September 30, 2015, we reported a net loss of $911,000
and used $1,268,000 in cash for operations.  As of September 30,
2015, the company had an accumulated deficit of approximately
$190,340,000 and a working capital deficit of $78,982,000.
Management continually evaluates operating expenses and cash flow
from operations.  Failure of the company to achieve its projections
will require that we seek additional financing or discontinue
operations.

"As of September 30, 2015, our obligations to DMRJ under each of
the three promissory notes and a revolving line of credit
approximated $12,000,000, $12,000,000, $1,000,000 and $16,862,000,
respectively.  Further, as of September 30, 2015, our obligation to
DMRJ for accrued interest under these instruments approximated
$12,954,000 and is included in current liabilities in the condensed
consolidated financial statements.

"As of September 30, 2015, our obligations to Montsant Partners,
LLC under a promissory note approximated $3,184,000.  Further, as
of September 30, 2015, our obligation to Montsant for accrued
interest under this instrument approximated $1,738,000 and is
included in current liabilities in the condensed consolidated
financial statements.

"On September 24, 2015, Montsant converted $245,000 of the accrued
interest owed by us under a promissory note into 3,062,500 shares
of our common stock, at an adjusted conversion price of $0.08 per
share.

"As of September 30, 2015, our obligations under the senior secured
promissory notes for which BAM Administrative Services LLC is the
agent were $20,000,000.  Further, as of September 30, 2015, our
obligation under such notes for accrued interest amounted to
approximately $872,000 and is included in current liabilities in
the condensed consolidated financial statements.

"As of October 31, 2015, our obligations to DMRJ under each of the
three promissory notes and a revolving line of credit approximated
$12,000,000, $12,000,000, $1,000,000 and $16,862,000, respectively.
Further, as of October 31, 2015, our obligation to DMRJ for
accrued interest under these instruments approximated $13,495,000.

"As of October 31, 2015, our obligations to Montsant under a
promissory note approximated $3,184,000. Further, as of October 31,
2015, our obligation to Montsant for accrued interest under this
instrument approximated $1,779,000.

"As of October 31, 2015, our obligations under the senior secured
promissory notes for which BAM is the agent were $20,000,000.
Further, as of October 31, 2015, our obligation under such notes
for accrued interest amounted to approximately $1,147,000.

"These conditions raise substantial doubt as to our ability to
continue as a going concern."

The officers emphasized: "Our ability to comply with our debt
covenants in the future depends on our ability to generate
sufficient sales and to control expenses, and will require that we
seek additional capital through private financing sources.  There
can be no assurances that we will achieve our forecasted financial
results or that we will be able to raise additional capital to
operate our business.  Any such failure would have a material
adverse impact on our liquidity and financial condition and could
force us to curtail or discontinue operations entirely.  Further,
upon the occurrence of an event of default under certain provisions
of our credit agreements, we could be required to pay default rate
interest equal to the lesser of 2.5% per month and the maximum
applicable legal rate per annum on the outstanding principal
balance outstanding.  The failure to refinance or otherwise
negotiate further extensions of our obligations to our secured
lenders would have a material adverse impact on our liquidity and
financial condition and could force us to curtail or discontinue
operations entirely and/or file for protection under bankruptcy
laws.

"Based on current sales, operating expense and cash flow
projections, and the cash available from our line of credit,
management believes there are plans in place to sustain operations
for the next several months.  These plans depend on a substantial
increase in sales of our handheld trace explosives detector product
and our desktop explosives and narcotics trade detector product and
on the extension of the maturity date of our credit facilities with
DMRJ, BAM and Montsant.  Management will continue to closely
monitor and attempt to control our costs and actively seek needed
capital through sales of our products, equity infusions, government
grants and awards, strategic alliances, and through our lending
institutions.

"We have suffered recurring losses from operations.  There can be
no assurances that our forecasted results will be achieved or that
we will be able to raise additional capital necessary to operate
our business.   These conditions raise substantial doubt about our
ability to continue as a going concern.

"On October 16, 2014, the U.S. Department of Homeland Security
(DHS) selected our proposal to develop next generation explosives
trace detection screening systems for funding under a statement of
work.  The project, pending successful negotiations, is potentially
worth up to approximately $2 million.  Subject to successful
conclusion of negotiations with the DHS, we expect the project to
commence in the second of quarter of fiscal 2016.

"We are currently expending significant resources to develop the
next generation of our current products and to develop new
products.  We will require additional funding in order to continue
the advancement of the commercial development and manufacturing of
the explosives detection system.  We will attempt to obtain such
financing by: (i) government grants, (ii) private financing, or
(iii) strategic partnerships.  However, there can be no assurance
that we will be successful in our attempts to raise such additional
financing.

"We will require substantial funds for further research and
development, regulatory approvals, and the marketing of our
explosives detection products.  Our failure to achieve our
projections and/or obtain sufficient additional capital on
acceptable terms would have a material adverse effect on our
liquidity and operations and could require us to file for
protection under bankruptcy laws."

At September 30, 2015, the company had total assets of $13,616,000,
total liabilities of $91,966,000, and total stockholders' deficit
of $78,350,000.

The company's net loss for the three months ended September 30,
2015 was $911,000 as compared with a net loss of $5,375,000 for the
comparable prior year period, a decrease of $4,464,000, or 83.1%.
The decrease in the net loss is primarily due to increased revenues
and gross margin, partially offset by increased operating expenses
and an increase in interest expense.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/jdny7oe

Implant Sciences Corporation provides systems and sensors designed
for the homeland security market and related industries.   The
Wilmington, Massachusetts-based company currently markets and sells
its existing trace explosives and narcotics detector products while
continuing to make significant investments in developing the next
generation of those products.


INTERACTIVE DATA: S&P Withdraws 'B' Corporate Credit Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services said that it withdrew its
ratings on Mass.-based Interactive Data Holdings Corp., including
the 'B' corporate credit rating, at the company's request.

Intercontinental Exchange Inc. recently completed its purchase of
Interactive Data, and Interactive Data has fully repaid all of its
outstanding debt.



IRONSTONE GROUP: CFO Eugene Yates Resigns
-----------------------------------------
Eugene Yates resigned as CFO of Ironstone Group Inc., as disclosed
in a Form 8-K report filed with the Securities and Exchange
Commission.

                    About Ironstone Group
  
San Francisco, Calif.-based Ironstone Group, Inc., and
subsidiaries have no operations but are seeking appropriate
business combination opportunities.

Ironstone reported a net loss of $259,000 for the year ended
Dec. 31, 2014, compared to a net loss of $170,000 for the year
ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $2.96 million in total
assets, $1.88 million in total liabilities and $1.07 million in
total stockholders' equity.

Burr Pilger Mayer, Inc., in San Francisco, California, 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 and negative cash flows from
operations.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


ISIGN SOLUTIONS: Stockholders Elect Seven Directors
---------------------------------------------------
iSign Solutions Inc. held its Annual Meeting of Stockholders on
Dec. 16, 2015, at which the stockholders:

  (a) elected Jeffrey Holtmeier, David Welch, Stanley Gilbert,
      Francis Elenio, Phillip Sassower, Andrea Goren and Michael
      Engmann as directors; and

  (b) ratified the appointment of Armanino LLP as the Company's
      independent auditors for the year ending Dec. 31, 2015.

                            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.


LAMAR ADVERTISING: Clear Channel Deal No Impact on Moody's Ba2 CFR
------------------------------------------------------------------
Moody's Investors Service says Lamar Advertising Company's $459
million debt funded acquisition of outdoor assets from Clear
Channel Outdoor Holdings, Inc. in 5 different markets will not
impact the Ba2 corporate family rating (CFR). The acquisition was
funded by a $160 million draw on its existing $400 million
revolving credit facility and a temporary $300 million secured
bridge facility (not rated by Moody's), but is expected to be
refinanced with longer term financing in the near future. Depending
on how the acquisition is financed on a long term basis, there is
the potential for the existing ratings on the senior and
subordinated notes to be negatively impacted, although the effect
would likely be limited to a one notch downgrade if at all.

Lamar Advertising Company, with its headquarters in Baton Rouge,
Louisiana, is one of the leading owner and operators of advertising
structures in the U.S. and Canada. The company generated revenues
of approximately $1.3 billion in the LTM period ending Q3 2015.


LATTICE INC: Capital Deficit, Debt Raise Going Concern Doubt
------------------------------------------------------------
Lattice Incorporated's working capital deficit and debt due in the
next 12 months raise substantial doubt about its ability to
continue as a going concern, according to Paul Burgess, chief
executive officer, secretary and president, and Joe Noto, chief
financial officer of the company in a regulatory filing with the
U.S. Securities and Exchange Commission on November 16, 2015.

Messrs. Burgess and Noto related: "At September 30, 2015, our
working capital deficit was approximately $3,997,000, compared to a
working capital deficit of approximately $3,099,000 at December 31,
2014.   We have approximately $1.5 million in principal due on
notes which are either past due or are coming due in the next
twelve months.  Additionally, we are carrying a significant level
of past due general unsecured trade payables included in the
current liability section of our balance sheet.  A significant
component of these current liabilities relates to past due amounts
owed to a former wholesale partner pursuant to a wholesale
agreement that terminated in 2014.  The amount owed is a general,
unsecured, on-demand liability.  On June 26, 2015, this former
wholesale partner filed an arbitration claim against us with JAMS
pursuant to the wholesale agreement.  The former wholesale partner
alleges that we breached the agreement by failing to pay
commissions pursuant to the agreement and that we owe approximately
$2.9 million, including interest.  We filed a reply to the claim on
July 24, 2015.  We are also currently negotiating with them to
settle the claim.  However, there is no assurance that we will be
successful in these negotiations.

"Our current cash position and projected operating cash flows are
inadequate to cover these payments that are either past due or
coming due in the next twelve months and support our working
capital requirements.

"The working capital deficit and the debt coming due in the next
twelve months raise substantial doubt regarding our ability to
continue as a going concern.  

"Our ability to continue as a going concern is highly dependent
upon our ability to achieve planned operating cash flows, maintain
availability under our line of credit financing, and the ability to
raise additional alternative financing.  

"Management is currently engaged in obtaining additional capital in
the range of $4,000,000 in order to support the company's
liquidity, improve our balance sheet and support our operating cash
needs.  On May 14, 2015, we successfully closed on a portion of the
funding sought totaling $908,000, which resulted in net cash
proceeds of $454,000 after paying $363,200 of the $500,000 bridge
loan facility which closed during March 2015 and placement fees of
$90,800.  Our future operations are highly dependent on obtaining
the remainder of the financing sought.  There is no assurance that
we will be able to obtain the additional funding needed and/or
restructure our existing debt to provide the necessary liquidity to
continue operations."

At September 30, 2015, the company had total assets of $4,885,479,
total liabilities of $8,847,998, and total shareholders' deficit of
$3,962,519.

For the three months ended September 30, 2015, the company incurred
a net loss of $994,571 as compared with a net loss of $314,791
during the period ended September 30, 2014.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zfz3m4l

Pennsauken, New Jersey-based Lattice Incorporated provides
communication services to small and mid-sized correctional
facilities.  The company has contracts in 35 of 69 targeted
correctional facilities in Oklahoma, approximately 50% of its
target market.



LEHMAN BROTHERS: Court Grants ANZ Nominees' Bid to Dismiss Suit
---------------------------------------------------------------
ANZ Nominees Limited filed a motion to dismiss the adversary
proceeding brought by Lehman Brothers Special Financing Inc.,
taking the position that the U.S. Bankruptcy Court for the Southern
District of New York has neither in personam jurisdiction nor in
rem jurisdiction to resolve the adversary proceeding as it relates
to ANZ Nominees, an Australian entity doing business solely in
Australia and New Zealand.

LBSF responds with three arguments for denying the Motion.  First,
LBSF contends that ANZ Nominees voluntarily submitted itself to the
jurisdiction of this Court by filing a proof of claim in the
chapter 11 case of Lehman Brothers Holdings Inc. ("LBHI"). Second,
LBSF asserts that ANZ Nominees is a mere department of ANZ Bank
Limited and that ANZ Nominees should be treated as equivalent to
ANZ Bank for purposes of the jurisdictional analysis. LBSF asserts
that ANZ Bank undertook actions outside the United States,
including filing proofs of claim in the LBHI case, that provide the
requisite "minimum contacts" necessary to support in personam
jurisdiction over ANZ Bank and therefore ANZ Nominees. Third, and
in the alternative, LBSF takes the position that this Court has in
rem jurisdiction to resolve this adversary proceeding as it relates
to ANZ Nominees because this adversary proceeding concerns a
dispute over property of the LBSF estate.

In a Memorandum Decision dated December 28, 2015, which is
available at http://is.gd/gGbGdLfrom Leagle.com, Judge Shelley C.
Chapman of the United States Bankruptcy Court for the Southern
District of  New York grants ANZ Nominees' motion to dismiss for
lack of personal jurisdiction.

The Court, however, holds that it has in rem jurisdiction over the
property that is the subject of this adversary proceeding as it
relates to ANZ Nominees.

The case is In re: LEHMAN BROTHERS HOLDINGS INC., et al., Chapter
11 Debtors. LEHMAN BROTHERS SPECIAL FINANCING INC., Plaintiff, v.
BANK OF AMERICA NATIONAL ASSOCIATION, et al., Defendants,
Case No. 08-13555 (SCC), Adversary Proceeding No. 10-03547 (SCC).

Lehman Brothers Special Financing Inc., Plaintiff, represented by
Adam M. Bialek, Esq. -- abialek@wmd-law.com -- Wollmuth Maher &
Deutsch LLP, William F. Dahill, Esq. -- wdahill@wmd-law.com --
Wollmuth Maher & Deutsch LLP, Paul R. DeFilippo, Esq. --
pdefilippo@wmd-law.com -- Wollmuth Maher & Deutsch LLP, James N.
Lawlor, Esq. -- jlawlor@wmd-law.com -- Wollmuth Maher & Deutsch,
LLP, Michael C. Ledley, Esq. -- mledley@wmd-law.com -- Wollmuth
Maher & Deutsch LLP, Mara R Lieber, Esq. -- mlieber@wmd-law.com --
Wollmuth Maher & Deutsch LLP, William A Maher, Esq. --
wmaher@wmd-law.com -- Wollmuth Maher & Deutsch LLP, Randall Rainer,
Esq. -- rrainer@wmd-law.com -- Wollmuth, Maher & Deutsch, LLP.

Bank of America National Association, Defendant, is represented by
Marc T.G. Dworsky, Esq. -- Marc.Dworsky@mto.com -- Munger, Tolles &
Olson, LLP, Todd J. Rosen, Esq. --Todd.Rosen@mto.com -- Munger,
Tolles & Olson LLP, Bradley Schneider, Esq. --
bradley.schneider@mto.com -- Munger, Tolles & Olson, LLP.

ANZ Nominees Limited, Defendant, is represented by Lewis J. Liman,
Esq. -- lliman@cgsh.com -- Cleary Gottlieb Steen & Hamilton LLP.

                       About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was  the

fourth largest investment bank in the United States.  For more
than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the
largest in U.S. history.  Several other affiliates followed
thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as
counsel to the Official Committee of Unsecured Creditors.
Houlihan
Lokey Howard & Zukin Capital, Inc., is the Committee's
investment banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee
for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.


LEVEL 3: May Issue 400,000 Shares Under 401(k) Plan
---------------------------------------------------
Level 3 Communications, Inc., filed a Form S-8 registration
statement to register 400,000 shares of the Company's common stock,
par value $0.01 per share, which may be issued under the Company's
401(k) Plan.  A copy of the prospectus is available for free at
http://is.gd/jhQQC3

                    About Level 3 Communications

Headquartered in Broomfield, Colorado, Level 3 Communications,
Inc., is a publicly traded international communications company
with one of the world's largest communications and Internet
backbones.

For the year ended Dec. 31, 2014, the Company reported net income
of $314 million on $6.77 billion of revenue compared to a net loss
of $109 million on $6.31 billion of revenue during the prior year.

                           *     *     *

In September 2015, Fitch Ratings has upgraded the Issuer Default
Rating (IDR) assigned to Level 3 Communications, Inc. (LVLT) and
its wholly owned subsidiary level 3 Financing, Inc. (Level 3
Financing) to 'BB-' from 'B+'.  The rating action recognizes LVLT's
strengthening financial and operating profile as the company
completes the integration of tw telecom, Inc.

In June 2013, Standard & Poor's Ratings Services raised its
corporate credit rating on Level 3 to 'B' from 'B-'.  "The upgrade
reflects improved debt leverage, initially from the acquisition of
the lower-leveraged Global Crossing in October 2011, and
subsequently from realization of the bulk of what the company
expects to eventually be $300 million of annual operating
synergies," said Standard & Poor's credit analyst Richard
Siderman.

As reported by the TCR on Aug. 17, 2015, Moody's Investors Service
upgraded Level 3 Communications, Inc.'s corporate family rating
(CFR) to Ba3 from B2.  Level 3's Ba3 CFR is based on the company's
solidifying business and financial profiles as it integrates the
former tw telecom, inc., with Moody's anticipating continued margin
improvement as synergies are realized, and as higher margin
Internet Protocol-based services replace legacy services.


LOCAL CORP: Taps Rickmeyer & Associates as Tax Services Provider
----------------------------------------------------------------
Local Corporation seeks authorization from the U.S. Bankruptcy
Court for the Central District of California to employ Rickmeyer &
Associates, Inc. to provide tax reconciliation services to the
Debtor.

The Debtor requires Rickmeyer & Associates to:

   (a) assist the Debtor with the computation of any entry
       required to adjust the account balances such that they are
       consistent with the tax return to be filed for the year
       ending December 31, 2014;

   (b) assist the Debtor in computing its federal, state and
       foreign current tax rate under Accounting Principles Board
       Opinion No. 11 for the year ending December 31, 2015; and

   (c) assist the Debtor with the computation of amounts to be
       included in the company's quarterly financial filings.

Rickmeyer & Associates agreed to provide its services to the Debtor
at a rate of $275 per hour and estimates that the Firm's fees for
providing Tax Reconciliation Services will be approximately $3,000
per quarter, i.e., the second and third quarters of 2015. Should
the Debtor also require Tax Reconciliation Services for the 2015
year end, the Firm estimates that the fees will be approximately
$15,000.

The Debtor will be responsible for reasonable out-of-pocket
expenses, not to exceed 8% of the professional fees incurred unless
otherwise agreed. Rickmeyer & Associates anticipates that the total
estimated fees and costs will be between $6,000 and $21,000.

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

Rickmeyer & Associates can be reached at:

       Jerry Rickmeyer
       RICKMEYER & ASSOCIATES, INC.
       4590 MacArthur Blvd., Ste 680
       Newport Beach, CA 92660
       Tel: (949) 253-9600 ext. 227
       E-mail: JRickmeyer@RickmeyerAssociates.com

                     About Local Corporation

Local Corporation, a publicly traded Delaware corporation (NASDAQ
symbol LOCM), is in the business of providing search results to
consumers who are searching online for local businesses, products
and services.  Founded in 1999, the Irvine, California-based
company went public in 2004 and has been one of the fastest growing
online local media businesses for a number of years, and for the
past four years it has been listed by Deloitte on its Technology
Fast 500.  The Company's search results are provided through the
Company's flagship Local.com Web site and through other proprietary
Web sites, and they are also delivered to a network of over 1,600
other Web sites that rely on search syndication services to provide
local search results to their own users.  The Company generates
revenue from ad units placed alongside its search results, which
include pay-per-click, pay-per-call, and display ad units.

The Company reported a net loss of $5.50 million on $83.1 million
of revenue for the year ended Dec. 31, 2014, compared with a net
loss of $10.4 million on $94.4 million of revenue in the prior
year.  The Company's balance sheet at March 31, 2015, showed $36.8
million in total assets, $25.7 million in total liabilities, and
stockholders' equity of $11.2 million.

Local Corp. filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Cal. Case No. 15-13153) in Santa Ana, California, on June 23,
2015.

The Debtor disclosed $16,141,222 in assets and $29,519,418 in
liabilities as of the Chapter 11 filing.

The case is assigned to Judge Scott C. Clarkson.  The Debtor tapped
Winthrop Couchot as counsel.

Robins Kaplan LLP represents as counsel to the Official Committee
of Unsecured Creditors.


LOCATION BASED TECHNOLOGIES: Reports End-of-Year Status
-------------------------------------------------------
Location Based Technologies Inc. CEO, Dave Morse, has released a
letter to shareholders.

Dear Fellow Shareholders,

As we draw near to the close of 2015, Location Based Technologies
is providing this update on the progress and operational challenges
in lieu of its normal FY 2015 end of year filing.  Our stock
continues to trade at unprecedented lows and market analysts tells
us that our stock will continue to trade at these levels until the
company achieves two essential milestones: 1st, positive
operational cash flow; and 2nd, growing operations to build up
capital to pay down our existing debt burden.  We are acutely aware
of the challenges associated with continuing to support our
initiatives to reach operational profitability and we are grateful
for those who have retained our stock along with our officers and
directors.  Every effort we make day-to-day is focused and
prioritized on implementation and management of initiatives to
successfully turn-around the company.

Let me share with you the progress we've made toward building
momentum to sustain an operation that will reach profitability.

Since launching our product with Apple in late calendar year 2012
(FY 2013) we have made year-over-year progress as measured in Gross
Profits as follows:

Gross Profits/Loss: FY 2013 ($1,679,440) FY 2014 +$141,190 FY 2015
+$794,898

Operations Overview: The following is a snap-shot of what has been
achieved during the past year.

For the twelve months ended Aug. 31, 2015, compared to the twelve
months ended Aug. 31, 2014.

   * Total paid monthly users increased 24% compared to Fiscal   
     Year 2014;
   
   * Annual service income was $1,159,747.  Service income
     exceeded break-even levels generating a positive 57% gross
     margin compared to a 5% gross margin for the Fiscal Year
     2014;
   
   * Total net revenues were $1,913,120 for Fiscal Year 2015, 12%
     higher than 2014; and
   
   * Gross profits increased by 463% year over year from $141,190
     to $794,898 in Fiscal Year 2015.

Cost of Revenue.  For the twelve months ended Aug. 31, 2015, cost
of revenue totaled $1,118,222 resulting in the gross margin noted
above of $794,898 compared to $141,190 for the twelve months ended
Aug. 31, 2014.  The gross margin of 71% for the twelve months ended
Aug. 31, 2015, improved from 9% in the twelve months ended Aug. 31,
2014, due to increased scale, increased revenues for
consulting/specialty services and tight expense/cost controls.

Operating Expenses.  For the twelve months ended Aug. 31, 2015, the
Company's total operating expenses were $2,732,502 compared to
total operating expenses of $3,977,800 for the twelve months ended
Aug. 31, 2014.  Operating expenses decreased by $1,245,298 or 31%
in 2015 from 2014.  The decrease in operating expenses is primarily
attributed to decreases in general and administrative expenses,
compensation and professional fees.

Other Income/Expenses.  For the twelve months ended Aug. 31, 2015,
we reported net other expenses totaling ($1,582,891) that consisted
of financing costs, deferred financing costs, debt discounts, net
interest expense and foreign currency losses compared to net other
expenses totaling ($1,310,034) for the twelve months ended August
31, 2014.  The $272,857 increase in other income/expenses is
primarily due to financing costs associated with raising capital
and interest expenses on existing notes.

Net Loss.  For the twelve months ended Aug. 31, 2015, we reported a
net loss of $3,552,166 compared to a net loss of $5,147,444 for the
twelve months ended Aug. 31, 2014, due to fluctuations in operating
and other expenses as previously discussed.

Technology Transition: LBT has successfully transitioned its
vehicle GPS tracking devices onto the newer 3G network and this
will remain our focus as AT&T continues to carry out their plans
for the sunset of 2G services in early 2017.  LBT has several
initiatives underway focused on building up the vehicle GPS
tracking business which covers both consumer and commercial
business segments.

We are making progress in transitioning our personal GPS trackers
to the 3G technology platform, but are lagging behind expectations
we had for completion of the development.  The upside to this is
that there is a lack of viable 3G based personal GPS trackers on
the market because of the engineering required for development and
certification.  So, we have not lost ground in the market yet.  LBT
will continue to develop the next generation of personal GPS
trackers in-house under our PocketFinder brand that will serve as
the upper end of our product offering. In the meantime, we are also
pursuing partnerships with third-party solutions that may help to
bridge our launch time lines and provide opportunities for a
broader product line to attract new consumer segments.

Increase LBT's Sales Velocity: LBT will continue its primary focus
on selling 3G vehicle solutions in US and Canada.  We have expanded
retail sales by offering our PocketFinder branded 3G vehicle
tracker in the consumer electronics channel and are also pursuing
resellers in the auto-parts and services channel.  Before the end
of 2015 we are launching a private-label platform with a new US
partner having ties to commercial fleets and auto dealer channel.
Support for this new partner included back-office system
infrastructure modifications along with developing new iterations
of our browser and mobile apps under their brand name.  LBT will
further leverage the infrastructure modifications to attract other
like partners servicing the auto-dealer market in US, Canada, and
Mexico.

Sales of our consumer branded personal trackers will continue in
North America until we are able to successfully launch a 3G GPS
tracker.  The current PocketFinder family of products was ranked #1
in the annual review conducted by Tom's Guide, which we will
leverage to accelerate sales during the transition.  Sales will
grow as we continue to make progress in expanding our retail
footprint into Mexico.  We expect to have announcements from key
national retail partners in the next quarter.

LBT will also continue to nurture its growing Commercial markets in
the US and Canada.  Customers adopting our IoT tracking devices
have verified that use of our tracking solution streamlines and
lowers the cost of business processes and logistics, increases
safety, and enhances asset security.  LBT's wireless connected
devices exchange vital information with managers and business
owners proving to deliver powerful information and data with their
mobile assets and personnel.

You may have noticed that we have eliminated reference to sales
ventures with the US military/government and expansion into Asia
that were both included in our 2014 plans.  The continued impact
through sequestration shrunk or eliminated reasonable expectations
for significant sales while the costs to support such efforts
became too burdensome.  Similarly, higher than expected costs to
enter and support Asian markets were simply not in our budget so
the decision was made not to push forward for expansion.  Our Board
and management team have determined it is in the company's (and
shareholders) best interest to focus on revenue opportunities with
a more immediate impact to reach our short-term objectives.

Remove Non-contributing Costs: Of the major accomplishments this
past year, one of the most significant is the reduction in our
Operating Expenses by $1,245,298 or 31% from 2014 to 2015 while
increasing our margin contribution and Gross Profits.  We are still
short of achieving our monthly expenses albeit much closer to
becoming operationally cash flow positive.  We have conducted a
careful review of additional cost-saving opportunities.  The single
largest positive impact will come from discontinuing formal audits
and associated SEC filings for a period of time - until we are
self-sustaining.

The legal counsel we have received on SEC filings has indicated
that LBT is not required to file by or under the Securities and
Exchange act of 1934 because the company only issues stock under
Rule 144.  This will preclude LBT from being able to issue a
Registration Statement, which is typically done by companies
conducting a private offering for capital during the 12 month
period in which they have not filed.  With our stock price so
depressed it is highly unlikely that we would do a raise and
therefore do not expect to do a Registration.  The company will be
able to save approximately $244,000 in annual expenses which
singularly cuts our operating cost gap by almost one-third.  Our
financial records will continue to be kept in accord with full GAAP
requirements, but will not be audited.  I also intend to share
Quarterly results with you through shareholder letters such as this
one.  I cannot say how long we will refrain from filing, but you
will know our progress toward becoming cash flow positive through
my Quarterly letters.

Once we become fiscally sound and profitable, we expect to re-start
filing. At that time we will have two paths available to us:  a) we
can audit back to the date of our last Quarterly filing of May
2015, and bring all financial filings up to date, or b) if we
determine there is reasonable capital available to the company for
an offering, we would need to audit our financials 12 full months
prior to the date of that offering.  There are no financial
penalties associated with this action although we are committed to
getting our profits up and being able to resume our filings as soon
as reasonable.  We strongly believe that it is a prudent move that
minimizes our need for ongoing capital, allows us to continue to
grow our business and become cash flow positive and still keep you,
our shareholders, informed on our progress.

Every month we draw closer to reaching our profitability milestone.
This will remain our primary focus.  All efforts and attention
will continue to concentrate on accelerating the incremental
successes that will build momentum in reaching profitability.

We appreciate your ongoing support and I look forward to providing
another update next Quarter.

Sincerely,


David M. Morse, PhD

CEO

                About Location Based Technologies

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

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

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

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

                        Bankruptcy Warning

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


LONESTAR GEOPHYSICAL: Cypress Springs' Bid to Dismiss Suit Granted
------------------------------------------------------------------
Defendants Cypress Springs Associates, LLC, et al., filed a motion
to dismiss an adversary complaint filed by Lonestar Geophysical
Surveys, LLC.  The Defendants argue that the four counts of the
Adversary Complaint filed on September 18, 2015, applicable to them
(Counts 2-5) fail to state claims as a matter of law.

In an Order dated December 29, 2015, which is available at
http://is.gd/fHuV9Sfrom Leagle.com, Judge Sarah A. Hall of the
United States Bankruptcy Court for the Western District of Oklahoma
granted the Motion to Dismiss.  Judge Hall ruled that if the Debtor
desires to amend its claims in accordance with the Order, it must
do so within twenty (20) days of entry of the Order.

The adversary case is LONESTAR GEOPHYSICAL SURVEYS, L.L.C.,
Plaintiff, v. FRONTIER STATE BANK, CYPRESS SPRINGS ASSOCIATES, LLC,
CYPRESS SPRINGS INVESTMENTS, LP, BROOKS F. BOCK, M.D., JAMES E.
BRAND, M.D. and JOHN H. STUEMKY, M.D., Defendants, Adv. No.
15-01257 (Bankr. W.D. Okla.).

The bankruptcy case is In re: LONESTAR GEOPHYSICAL SURVEYS, L.L.C.,
Chapter 11 Debtor, Case No. 15-11872-SAH (Bankr. W.D. Okla.).

Lonestar Geophysical Surveys, LLC, Plaintiff, is represented by
Ross A. Plourde, Esq. -- ross.plourde@mcafeetaft.com -- McAfee &
Taft.

Frontier State Bank, Defendant, is represented by Joe E. Edwards,
Esq. -- Crowe & Dunlevy, John E. Gatliff, II, Esq. -- C. Craig Cole
& Associates.

                   About LoneStar Geophysical

LoneStar Geophysical Surveys, LLC, is in the business of acquiring
seismic data for the oil and gas industry.  It owns a fleet of 13
state-of-the-art vibes (vibrators that generate seismic waves) and
a commensurately large inventory of wireless nodes (that receive
those seismic waves and transmit the resulting information for
processing and interpretation).  LoneStar was formed as an
Oklahoma
limited liability company on August 4, 2009, by Heath Harris who
continues to serve as its manager.

LoneStar Geophysical sought Chapter 11 bankruptcy protection
(Bankr. W.D. Okla. Case No. 15-11872) on May 18, 2015.  The Debtor
disclosed total assets of $21,643,793 and total liabilities of
$12,311,768 in its amended schedules.

Judge Hon. Sarah A. Hall presides over the case.  The Debtor
tapped
Ross A. Plourde, Esq., at McAfee & Taft, as counsel.

                          *      *     *

LoneStar sought and obtained an order authorizing its use of cash
collateral claimed by Frontier State Bank through December 2015.


LPATH INC: Has Until July 5 to Regain NASDAQ Listing Compliance
---------------------------------------------------------------
Pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(ii), The NASDAQ Stock
Market LLC granted Lpath, Inc., an additional 180 calendar days, or
until July 5, 2016, to regain compliance with the minimum bid price
requirement of $1 per share for continued listing on The Nasdaq
Capital Market.  

As previously reported, on July 9, 2015, the Company received
written notice from Nasdaq notifying the Company that it was not in
compliance with the minimum bid price requirements set forth in
Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq
Capital Market, because the bid price of the Company's common stock
had closed below the minimum $1 per share for the 30 consecutive
business days prior to the date of the Notification Letter.  In
accordance with Nasdaq listing rules, the Company was afforded 180
calendar days, or until Jan. 5, 2016, to regain compliance with
Nasdaq Listing Rule 5550(a)(2).  The Company was unable to regain
compliance with the bid price requirement by
Jan. 5, 2016.  The Nasdaq determination to grant the second
compliance period was based on the Company meeting the continued
listing requirement for market value of publicly held shares and
all other applicable requirements for initial listing on the Nasdaq
Capital Market, with the exception of the bid price requirement,
and the Company's written notice of its intention to cure the
deficiency during the second compliance period by effecting a
reverse stock split, if necessary.

To regain compliance, the bid price of the Company's common stock
must have a closing bid price of at least $1 per share for a
minimum of 10 consecutive business days at any time during the
second 180-day compliance period.  The Company intends to monitor
the closing bid price of its common stock and may, if appropriate,
consider implementing available options, including submitting for
approval by the Company's stockholders at the Company's 2016 annual
meeting of stockholders, a reverse stock split.  If a reverse stock
split is approved by the stockholders of the Company at the 2016
annual meeting, the Company's Board of Directors will consider
whether a reverse stock split is necessary and would facilitate the
Company regaining compliance with the minimum bid price requirement
by July 5, 2016.  There can be no assurance that the Company will
be able to regain compliance with the minimum bid price requirement
or maintain compliance with the other listing requirements
necessary for Company to maintain the listing of its common stock
on the Nasdaq Capital Market.

                        About LPath

San Diego, Calif.-based Lpath, Inc. is a biotechnology company
focused on the discovery and development of lipidomic-based
therapeutics, an emerging field of medical science whereby
bioactive lipids are targeted to treat human diseases.

LPath reported a net loss of $16.6 million in 2014, a net loss of
$6.56 million in 2013 and a net loss of $2.75 million in 2012.

As of Sept. 30, 2015, the Company had $14.30 million in total
assets, $2.12 million in total liabilities and $12.2 million in
total stockholders' equity.


LWP CAPITAL: Names KSV Advisory as Liquidator; Directors Resign
---------------------------------------------------------------
LWP Capital Inc. (LWP) disclosed that effective Dec. 31, 2015, the
Company formally adopted the plan of liquidation substantially in
the form set out in Schedule E to the Company's Management
Information Circular dated October 12, 2015, to proceed with the
voluntary liquidation and dissolution of the Company according to
the Canada Business Corporations Act.  In connection with the
adoption of the Plan of Liquidation, the Company has appointed KSV
Advisory Inc. as liquidator.  The Liquidator intends to make an
application to the Court in January to have the liquidation of the
Company supervised by the Court.

Concurrently with adopting the Plan of Liquidation, the Company's
board of directors, comprised of Bruce Scherr, Chris Schnarr and
Peter Williams, have resigned as directors of the Company.  In
addition, effective at the close of markets on December 31, 2015,
the LWP common shares will be delisted from trading on the TSX.

There is no other market on which the LWP common shares will be
traded.


MEDICAL ALARM: Incurs $177,000 Net Loss in First Quarter
--------------------------------------------------------
Medical Alarm Concepts Holdings, Inc., filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $177,380 on $328,946 of revenue for the
three months ended Sept. 30, 2015, compared to a net loss of
$61,993 on $271,004 of revenue for the same period in 2014.

As of Sept. 30, 2015, the Company had $281,053 in total assets,
$1.14 million in total liabilities, all current, and a $866,073
total stockholders' deficit.

As of Sept. 30, 2015, and June 30, 2015, the Company had $4,850 and
$1,335 in cash, respectively.

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

                       http://is.gd/42Q8u1

                       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.

Medical Alarm reported 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.

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.


MEDICURE INC: Partners with Apicore to Develop New Drug
-------------------------------------------------------
Medicure Inc. has initiated the development of a high-value
cardiovascular generic drug.  The project is a collaboration
between Medicure International, Inc. (a wholly owned subsidiary of
Medicure Inc.) and Apicore US LLC (together with its affiliates
"Apicore"), a leading-edge manufacturer of generic active
pharmaceutical ingredients.  

The collaborative project is focused on the development of an
intravenous abbreviated New Drug Application drug product for an
acute cardiovascular indication.  Medicure and Apicore have entered
into an exclusive product supply and development agreement under
which Medicure holds all commercial rights.  The companies
anticipate filing the ANDA with the U.S. Food and Drug
Administration by the end of 2016.

Medicure, through its affiliates, is a minority shareholder in
Apicore and holds an option to acquire all of the issued shares of
Apicore until July 2017, as previously announced on July 3, 2014.

                        About Medicure Inc.

Medicure -- http://www.medicure.com/-- is a specialty
pharmaceutical company focused on the development and
commercialization of therapeutics for the U.S. hospital market.
The primary focus of the Company and its subsidiaries is the
marketing and distribution of AGGRASTAT (tirofiban HCl) for non-ST
elevation acute coronary syndrome in the United States, where it is
sold through the Company's U.S. subsidiary, Medicure Pharma, Inc.

Ernst & Young LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
experienced losses and has accumulated a deficit of C$127 million
since incorporation and has a working capital deficiency of
C$503,000 as at Dec. 31, 2014.

The Company reported net income of C$1.2 million on C$5.26 million
in revenue for the year ended Dec. 31, 2014.  As of Sept. 30, 2015,
Medicure had C$12.1 million in total assets, C$10.2 million in
total liabilities and a C$1.95 million in total equity.


MELA SCIENCES: Posts Net Loss in Q3 2015, Has Going Concern Doubt
-----------------------------------------------------------------
MELA Sciences, Inc. posted a net loss of $9,234,000 for the three
months ended September 30, 2015, compared with a net loss of
$2,288,000 for the same period in 2014.

As of September 30, 2015, the company had an accumulated deficit of
$206,647,000 and has incurred losses since inception.  To date, the
company has dedicated most of its financial resources to research
and development, sales and marketing, and general and
administrative expenses, according to Michael R. Stewart, chief
executive officer, and Christina L. Allgeier, chief financial
officer of the company in a regulatory filing with the U.S.
Securities and Exchange Commission on November 16, 2015.

The officers continued, "The company has experienced recurring
losses and negative cash flow from operations.  The company has
been dependent on raising capital from the sale of securities in
order to continue to operate and to meet its obligations in the
ordinary course of business.  The company plans to refinance the
notes that became due October 30, 2015 with longer term debt, the
terms and availability of which the company cannot determine at
this time.  The company is currently evaluating alternatives,
including discussions with lenders, to refinance this debt.  The
timing and availability of any such refinancing cannot be assured
and will be affected by numerous factors, many of which are not
under our control.  There can be no assurance that we will be able
to raise additional funding as may be needed or on terms that are
acceptable to the company.

"These factors raise substantial doubt about the company's ability
to continue as a going concern."

At September 30, 2015, the company had total assets of $52,154,000,
total liabilities of $36,278,000, and total stockholders' equity of
$15,876,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zsqqed8

MELA Sciences, Inc. develops and commercializes products for the
diagnosis and treatment of serious dermatological disorders.  This
medical technology company is headquartered in Horsham,
Pennsylvania.


MGT CAPITAL: Recurring Losses Raise Going Concern Doubt
-------------------------------------------------------
MGT Capital Investments, Inc., posted a net loss attributable to
common stockholders of $1,321,000 for the three months ended
September 30, 2015, compared with a net loss attributable to common
stockholders of $1,381,000 for the quarter ended September 30,
2014.

"As of September 30, 2015, the company had incurred significant
operating losses since inception and continues to generate losses
from operations and has an accumulated deficit of $302,606,000,"
said Robert B. Ladd, president and chief executive officer, and
Robert P. Traversa, treasurer and chief financial officer of the
company in a regulatory filing with the U.S. Securities and
Exchange Commission on November 16, 2015.

"These matters raise substantial doubt about the company's ability
to continue as a going concern."

Messrs. Ladd and Traversa explained: "Commercial results have been
limited and the company has not generated significant revenues.
The Company cannot assure its stockholders that the company's
revenues will be sufficient to fund its operations.  If adequate
funds are not available, the company may be required to curtail its
operations significantly or to obtain funds through entering into
arrangements with collaborative partners or others that may require
the company to relinquish rights to certain of our technologies or
products that the company would not otherwise relinquish.

"The company's primary source of operating funds since inception
has been debt and equity financings.  On December 30, 2013, and as
amended on March 27, 2014, the company entered into an At the
Market Offering Agreement (the ATM Agreement) with Ascendiant
Capital Markets, LLC (the Manager).  Pursuant to the ATM Agreement,
the company may offer and sell shares of its Common Stock (the
Shares) having an aggregate offering price of up to $8.5 million
from time to time through the Manager.  The company intends to use
the net proceeds from any sales of Shares in the offering for
working capital, capital expenditures, and general business
purposes.  For the Nine months ended September 30, 2015, the
company sold approximately 3,155,000 Shares under the ATM Agreement
for gross proceeds of approximately $1,695,000 before related
expenses.  The proceeds will be used for general corporate
purposes.  As of November 14, 2015, the company has approximately
$5.4 million remaining under the program, assuming sufficient
Shares are available to be issued.

"At September 30, 2015, MGT's cash, cash equivalents and restricted
cash were $467,000.  The company intends to raise additional
capital, either through debt or equity financings or through the
continued sale of the company's assets in order to achieve its
business plan objectives.  Management believes that it can be
successful in obtaining additional capital; however, no assurance
can be provided that the company will be able to do so.  There is
no assurance that any funds raised will be sufficient to enable the
company to attain profitable operations or continue as a going
concern.  To the extent that the company is unsuccessful, the
company may need to curtail or cease its operations and implement a
plan to extend payables or reduce overhead until sufficient
additional capital is raised to support further operations.  There
can be no assurance that such a plan will be successful.

"On September 8, 2015, the company and MGT Sports, Inc. (MGT
Sports) entered into an Asset Purchase Agreement (the Asset
Purchase Agreement) with Viggle, Inc. (Viggle) and Viggle's
subsidiary DraftDay Gaming Group, Inc. (DDGG), pursuant to which
Viggle acquired all of the assets of the DraftDay.com business (the
DraftDay Business) from the company and MGT Sports.  In exchange
for the DraftDay Business, Viggle paid MGT Sports the following:
(a) 1,269,342 shares of Viggle's common stock, par value $0.001 per
share, (b) a promissory note in the amount of $234 due September
29, 2015 (the September 2015 Note), (c) a promissory note in the
amount of $1,875 due March 8, 2016 (the March 2016 Note), and (d)
2,550,000 shares of common stock of DDGG.

"The company anticipates, but cannot guarantee, that following the
sale of the DraftDay Business its operating costs will be reduced
by approximately $125 per month."

At September 30, 2015, the company had total assets of $7,584,000,
total liabilities of $575,000, and total equity of $7,009,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zmbyrou

Harrison, New York-based MGT Capital Investments, Inc. and its
subsidiaries are engaged in acquiring, developing and monetizing
assets in the online and mobile gaming space as well as the social
casino industry.  MGT's portfolio of assets includes DraftDay.com,
FantasySportsLive.com, MGT Play and Slot Champ.



MICROSEMI CORP: Moody's Rates Senior Unsecured Notes 'B2'
---------------------------------------------------------
Moody's Investors Service rated Microsemi Corp.'s new Senior
Unsecured Notes at B2 and upgraded the provisional rating on the
proposed Senior Secured Credit Facilities ("New Credit Facilities")
to (P)Ba2. Moody's affirmed all of the other ratings, including the
Ba3 Corporate Family Rating ("CFR"), the Ba3-PD Probability of
Default Rating ("PDR"), the SGL-2 Speculative Grade Liquidity
("SGL") rating, and the Ba2 rating on the existing Senior Secured
Credit Facilities (Revolver due 2019, Term Loan A due 2019, and
Term Loan B due 2020). The outlook is stable.

The upgrade to the New Credit Facilities reflects the increased
cushion of unsecured liabilities due to the issuance of the Notes.

Proceeds of the New Credit Facilities and the Notes, along with
balance sheet cash, Microsemi equity, and PMC option proceeds, will
be used to fund Microsemi's tender offer for all of PMC's
outstanding shares, to fund transaction expenses, and to refinance
all of the existing Microsemi and PMC outstanding debt. Upon
closing of the acquisition, Moody's expects to convert the
provisional ratings to definitive ratings. Moody's expects to
withdraw the ratings on the existing senior secured credit
facilities (Revolver due 2019, Term Loan A due 2019, Term Loan B
due 2020) following repayment.

The Ba3 CFR reflects Microsemi's leverage, which at closing we
expect to exceed 6x debt to EBITDA (Moody's adjusted, proforma 12
months ended 9/27/2015, excluding projected synergies) and to
remain over 4x over the next 24 months even as synergies accrue,
which is high relative to similarly-rated issuers. This high
leverage reflects both the $2 billion of incremental acquisition
debt and PMC's EBITDA margin profile, which is lower than that of
Microsemi. Beyond just limiting financial flexibility, the high
leverage is concerning due to the significant integration execution
risks, both near term due to the reduction of duplicate
administrative functions, and longer term as Microsemi will need to
set research and development priorities across an expanded product
portfolio that includes PMC's product lines serving the storage
business. Moreover, Moody's believes that the increase in leverage,
well beyond levels reached following recent acquisitions, indicates
that Microsemi now has a more aggressive financial policy,
characterized by a greater tolerance for high leverage in funding
acquisitions.

Nevertheless, based on public statements, we anticipate that
Microsemi will prioritize debt reduction to reduce debt to EBITDA
to levels more appropriate for the Ba3 CFR. This is feasible due to
Microsemi's high-margin business model and good cash flow
generation due to its fab-lite manufacturing strategy as well as
its strong market position across its high-performance analog (HPA)
and mixed-signal portfolio. Moreover, the acquisition will
diversify Microsemi's end market exposure, expanding Microsemi
further into the data center end market with PMC's storage
connectivity and controller business. Although PMC's EBITDA margins
are lower than Microsemi's due in large part to PMC's large
research and development spending, PMC's gross margins are much
higher than Microsemi's suggesting a strong intellectual property
portfolio, which provides PMC with pricing power. Microsemi expects
to capture cost synergies of $100 million primarily through the
removal of duplicate operating expenses and research and
development, which should over time raise the EBITDA margins of the
PMC operations up to the Microsemi corporate average.

The (P)Ba2 rating on the New Credit Facilities, one notch higher
than the Ba3 CFR, reflects the collateral and the cushion of
structurally subordinated unsecured liabilities. The B2 rating on
the Notes reflects the absence of collateral and the large amount
of secured debt, which is structurally senior to the Notes. The
Speculative Grade Liquidity ("SGL") rating of SGL-2, reflects
Microsemi's good liquidity, supported by consistent free cash flow
("FCF"), which Moody's expects to exceed $300 million over the next
year, cash of at least $200 million, and availability under the new
$325 million revolving credit facility.

The stable outlook reflects Moody's expectation that Microsemi will
direct FCF for debt reduction and will integrate PMC without
material operational disruption. Moody's also expects that
Microsemi will show clear progress in achieving the anticipated
$100 million in operating cost synergies. Through the combination
of debt reduction and EBITDA expansion, Moody's expects debt to
EBITDA (Moody's adjusted) to decline toward 4.5x over the next
year.

Although a rating upgrade is unlikely over the next year due to the
high leverage and integration risks, over the intermediate term the
ratings could be raised if Microsemi makes steady progress
improving the leverage profile, with debt to EBITDA (Moody's
adjusted) maintained below 3.75x. Moody's would also expect
Microsemi to maintain a conservative financial policy, balancing
the interests of creditors and shareholders.

The rating could be pressured if Microsemi fails to make progress
reducing leverage, such that Moody's expects that debt to EBITDA
(Moody's adjusted) will remain above 4.5x.

Upgrades:

Issuer: Microsemi Corporation

-- Senior Secured Bank Credit Facility (Local
    Currency)[Revolver], Upgraded to (P) Ba2, LGD3 from(P)Ba3,
    LGD3

-- Senior Secured Bank Credit Facility (Local Currency)[Term Loan

    A], Upgraded to (P) Ba2, LGD3 from(P)Ba3, LGD3

-- Senior Secured Bank Credit Facility (Local Currency)[Term Loan

    B], Upgraded to (P) Ba2, LGD3 from(P)Ba3, LGD3

Assignments:

Issuer: Microsemi Corporation

-- Senior Unsecured Regular Bond/Debenture, Assigned B2, LGD6

Affirmations:

Issuer: Microsemi Corporation

-- Corporate Family Rating (Local Currency), Affirmed Ba3

-- Probability of Default Rating, Affirmed Ba3-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

-- Senior Secured Bank Credit Facility (Local Currency)[Revolver
    due August 2019], Affirmed Ba2, LGD3 *

-- Senior Secured Bank Credit Facility (Local Currency)[Term Loan

    A due August 2019], Affirmed Ba2, LGD3 *

-- Senior Secured Bank Credit Facility (Local Currency)[Term Loan

    B due February 2020], Affirmed Ba2, LGD3 *

-- These ratings will be withdrawn upon repayment following
     closing of the PMC acquisition.

Outlook Actions:

Issuer: Microsemi Corporation

-- Outlook, Remains Stable

Microsemi Corp., based in Aliso Viejo, California, is a global
supplier of high-performance analog (HPA) and mixed signal
integrated circuits as well as high reliability discrete
semiconductors targeted to the defense & security, aerospace,
communications, and industrial end markets.

PMC-Sierra, Inc., based in Sunnyvale, California, is a fabless
supplier of mixed signal integrated circuits and related software
for use in data centers and enterprise networking applications. Key
products include solid state drive controllers and PCIe storage
switches.



MOLYCORP INC: Bidders Offer to Pay More for Non-U.S. Assets
-----------------------------------------------------------
Jodi Xu Klein at Bloomberg News reported Molycorp Inc. received
bids for assets that exceed the company's own estimate of its
value, according to people with knowledge of the matter.

According to the report, Aluminum Corp. of China Ltd., a
U.S.-traded mining company based in Beijing that's also known as
Chalco, offered to pay more than $700 million for the largest U.S.
rare-earths producer's non-U.S. assets.  Shenghe Resources Holdings
Co., a rare-earths miner and processor based in Chengdu, China, and
lithium miner Galaxy Resources Ltd., based in West Perth,
Australia, also made offers that exceeded the company's appraised
value range, which tops out at $443 million.  U.S. private-equity
firm Carlyle Group LP also has held talks about a possible bid.

The overseas bidders, the report relates, are willing to offer
higher prices because they expect to gain value from the cost
savings of combining two similar businesses.  Molycorp said in a
Dec. 24 court filing that its assets are worth between $391 million
and $443 million based on projected future cash flow.

The Bloomberg report notes that the bids may provide fuel for a
group of creditors that are fighting the company's reorganization
plan, saying that it favors the company's senior lender, Oaktree
Capital Group LLC.

                       About Molycorp Inc.

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

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

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

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

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

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

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

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

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

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


MUSCLEPHARM CORP: OKs Termination of President's Employment
-----------------------------------------------------------
MusclePharm Corporation accepted Mr. Richard Estallela's notice to
terminate his employment as the Company's president effective Dec.
30, 2015.  The Company and Mr. Estallela intend to work on a
settlement of Mr. Estallela's employment agreement.

                        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 $62.2 million in total
assets, $67.8 million in total liabilities and a $5.54 million
total stockholders' deficit.


NEIMAN MARCUS: S&P Lowers CCR to 'B-' on Weakened Performance
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Dallas-based The Neiman Marcus Group Inc. to 'B-' from
'B'.  The outlook is stable.

At the same time, S&P lowered the issue-level rating on the
company's senior secured credit facilities to 'B-' from 'B',
commensurate with a recovery rating of '3', indicating S&P's
expectation for meaningful recovery toward the lower end of the 50%
to 70% range.  S&P also lowered the issue-level rating on the
second-lien secured debt facility to 'CCC' from 'CCC+',
commensurate with a '6' recovery rating and indicating S&P's
expectation for negligible recovery (0%-10%) of principal in the
event of a payment default or bankruptcy.

"The downgrade reflects our expectation that the department store
industry's operating environment will remain weak amid apparel
industry trends that we think will remain soft in 2016, given the
heightened industry competition, declining mall traffic, and the
shifting trend in consumer spending towards restaurants, services
and etc.," said credit analyst Helena Song.  "This results in a
reduction in our forecast for Neiman Marcus' sales and EBITDA
margins, following the company's weakened performance with negative
same store sales in fiscal 1st quarter ended Oct 31, 2015.  The
reduction in our operating forecasts leads to us to expect negative
to neutral free operating cash flow generation in fiscal 2016 in
conjunction with adjusted leverage in the high 7x range, both worse
than our previous expectations.  We assess the comparable ratings
analysis as 'negative' noting comparable 'B' rated credits given
the company's lack of positive free operating cash flow and
adjusted leverage well above the 5x to 6x range."

S&P's stable rating outlook on Neiman Marcus reflects S&P's
forecast for adequate liquidity, despite its forecast for weak
operational trends because of slowing customer traffic and elevated
promotional environment.

S&P could lower the rating if weak operating performance exceeds
its expectations because of highly promotional environment and
continued negative traffic trends, resulting in negative free
operating cash flow more than $100 million and increased ABL usage,
pressuring liquidity.  This could occur, for example, if negative
customer traffic coupled with a highly promotional environment
result in gross margin contraction of about 500 bps and an EBITDA
decline of more than 30% from last year's levels.

S&P would raise the ratings if the company improves its operations
with consistently positive same-store sales, margin expansion, and
positive free operating cash flow.  Under this scenario, the
company would have debt to EBITDA of 7x or lower on a sustained
basis in conjunction with generating free operating cash flow in
excess of $100 million, which would lead to S&P's reassessment of
its negative comparable ratings analysis assessment.



NET ELEMENT: Offering $50 Million Worth of Securities
-----------------------------------------------------
Net Element, Inc., filed a Form S-1 registration statement with the
Securities and Exchange Commission relating to the sale of common
stock, preferred stock, warrants, units, subscription rights and
debt securities of up to $50,000,000.

The Company's common stock is listed on The NASDAQ Capital Market
under the symbol "NETE."  The last sale price of the Company's
common stock on Jan. 5, 2016, as report by The NASDAQ Capital
Market, was $0.1979.  The Company's outstanding warrants are quoted
on the Over-the-Counter Bulletin Board under the symbol "NETEW."
The Company will provide information in any applicable prospectus
supplement regarding any listing of securities other than shares of
its common stock on any securities exchange.

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

                      http://is.gd/XFaCJZ

                       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.


NICA HOLDINGS: 11th Circ. Recommends Dismissal of Bankruptcy Case
-----------------------------------------------------------------
The United States Court of Appeals for the Eleventh Circuit
reversed and remanded to the lower court for the dismissal of the
bankruptcy case of Nica Holdings, Inc., holding that Kenneth Welt,
the assignee in Nica's Assignment for the Benefit of Creditors, had
no authority to file a voluntary bankruptcy petition.

As a result of its financial problems, Nica executed the ABC on
July 12, 2007, with Welt as assignee.  An ABC is a creature of
Florida state law, which serves as an alternative to bankruptcy.
Welt hired Tina Talarchyk of the law firm of Squire Sanders LLP to
assist him with the ABC liquidation.

When Nica's was not effectively liquidated, Peter Ullrich, a
substantial investor, blamed Welt in an adversary proceeding and
separately sought his removal as Nica's ABC assignee.  Welt, in
turn, filed a malpractice suit against Talarchyk and Squire Sanders
in state court.

On September 24, 2012, Welt purported to file a voluntary Chapter 7
bankruptcy petition on Nica's behalf.  Ullrich opposed, claiming
that Welt filed the bankruptcy merely to block his removal as ABC
assignee and to insulate himself from personal liability.  Ullrich
moved to dismiss the bankruptcy petition on October 8, 2012,
claiming that Welt lacked the authority to put Nica into
bankruptcy.  Ullrich's motion to dismiss was denied, as well as his
motion to take an interlocutory appeal from that denial.

The adversary proceeding was taken over by the Trustee and settled.
This was objected to by Ullrich, but the bankruptcy court approved
the adversary settlement and was affirmed by the district court on
appeal.

The Trustee also separately moved to settle the malpractice claim.
Ullrich moved to stay the settlement, but his motion was denied by
the bankruptcy court.

On appeal, the 11th Circuit found that neither Florida's ABC
statute nor the ABC agreement, from which Welt drew his powers as
ABC assignee, authorized Welt to initiate bankruptcy proceedings.
Thus, the 11th Circuit concluded that Welt had no such authority.
The appellate court reversed and remanded with instructions to the
district court to remand to the bankruptcy court for dismissal of
the bankruptcy case.

The case is In Re: NICA Holdings, Inc., Debtor., PETER ULLRICH,
Plaintiff-Appellant, v. KENNETH A. WELT, LESLIE S. OSBORNE,
Defendants-Appellees, No. 14-14685 (11th Cir.).

A full-text copy of the 11th Circuit's December 17, 2015 opinion is
available at http://is.gd/qYKdxYfrom Leagle.com.


NUSTAR LOGISTICS: Fitch Affirms 'BB' Issuer Default Rating
----------------------------------------------------------
Fitch Ratings has affirmed the 'BB' Long-Term Issuer Default Rating
and the 'BB'/RR4 senior unsecured rating for NuStar Logistics, L.P.
The junior subordinated notes have been affirmed at 'B+'/RR6.  The
Rating Outlook is Stable.

Debt issued by Logistics is guaranteed by NuStar Energy L.P. and
NuStar Pipe Line Operating Partnership, L.P (NPOP).  Both Logistics
and NPOP are the operating limited partnerships of NuStar, which is
a publicly traded master limited partnership.

KEY RATING DRIVERS

The 'BB' rating is supported by NuStar's strong fee-based and
regulated pipeline, terminalling and storage assets, which
accounted for 98% of segment EBITDA for the nine months ending
Sept. 30, 2015.  The rating is also supported by NuStar's leverage
which remains in line with Fitch's target for the 'BB' rating.  For
the last twelve months ending Sept. 30, 2015, leverage (as defined
by Fitch as adjusted debt to adjusted EBITDA) was 4.9x, up slightly
from 4.7x at the end of 2014 but significantly lower than 5.1x at
the end of 2013.  Distribution coverage was adequate at 1.1x for
the latest twelve months ending Sept. 30, 2015.

Ratings concerns include NuStar's liquidity given the challenging
capital market environment and the partnership's plan for
significant spending in 2016.  Fitch estimates that NuStar had cash
and committed liquidity of approximately $483 million as of Sept.
30, 2015.  Growth spending in 2015 is expected to be in the range
of $435 to $445 million which includes acquisition spending of $143
million.  In 2016, NuStar expects to spend $360 to $380 million for
growth.  Fitch expects balanced funding of capital spending between
debt and equity, however, capital market access remains a large and
growing concern.

Like other MLPs, NuStar's access to the capital markets is more
restricted than in the past when commodity prices were stronger.
Despite the environment, NuStar continues to evaluate its access to
the equity markets which are now more costly given the equity
yield.  Importantly, NuStar's incentive distributions paid to its
general partner are capped at 25% versus many MLPs which cap
incentive distributions at 50%.  This helps NuStar's overall equity
cost of capital versus other MLPs with higher payouts to the
general partner.  Additionally, NuStar has stated it may consider
issuing preferred securities.  Fitch currently believes NuStar's
liquidity, though constrained, should be enough to support its
spending plans.  Should liquidity and capital market access further
deteriorate, NuStar would need to take steps to maintain adequate
liquidity at or near current levels, through capital spending or
distribution cuts to maintain the rating and Stable Outlook.
Failure to do so would likely result in Fitch taking a negative
ratings action.

EBITDA Weaker in 2016: The storage segment is expected to have
lower EBITDA.  Overall, EBITDA is expected to decline $15 to $35
million due to three factors: 1) reduced Eagle Ford production
which will lower volumes at its Corpus Christi terminal, 2) lower
revenues for some foreign terminals and 3) the absence of 2015
insurance proceeds ($7.5 million from Hurricane Sandy for the
Linden Terminal).  NuStar anticipates EBITDA for the pipeline
segment to be approximately flat.  It has significant refined
products pipelines that should have higher volumes and this is
expected to offset lower volumes on crude pipelines.

Leverage: For the last twelve months ending Sept. 30, 2015,
leverage (as defined by Fitch as adjusted debt to adjusted EBITDA)
was 4.9x, up slightly from 4.7x at the end of 2014 and down from
5.1x at the end of 2013. Leverage was as high as 5.8x at the end of
2012.  With expectations for lower EBITDA and significant spending
in 2016, Fitch expects yearend adjusted leverage to be in the range
of 5.0x-5.3x.

Distribution Coverage: NuStar's distribution coverage ratio was
1.1x for the latest twelve months ending Sept. 30, 2015.  This is
an improvement from historical coverage and is a result of NuStar
holding distributions flat since 2011 while focusing on growth.
Even in the challenging environment expected in the current year
with no growth to the distribution assumed, Fitch expects
distribution coverage at or slightly above for 1.0x in 2016.

KEY ASSUMPTIONS

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

   -- A modest reduction of EBITDA in 2016 as a result of lower
      profits for the storage segment with growth resuming in
      2017;

   -- Leverage increases in 2016 as NuStar continues to spend
      during a time with reduced EBITDA;

   -- Capex spending for growth assumed to be $370 million, at the

      midpoint of management's guidance for 2016 with slightly
      elevated spending in the two years which follow;

   -- Maintenance capex is also at the midpoint of public guidance

      at $40 million in 2016 with slightly elevated spending in
      the following two years;

   -- No distribution growth paid for common unit holders;

   -- No assumptions are made for acquisitions.

RATING SENSITIVITIES

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

   -- While not expected in the near term, Fitch may take positive

      rating action if leverage falls below 4.5x for a sustained
      period of time.

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

   -- Lack of access to capital markets;

   -- Failure to reduce growth capex if availability to fund
      growth is restricted or too heavily dependent on debt;

   -- Reduced liquidity;

   -- Deterioration of EBITDA and inability to meet growth
      expectations associated with capex spending;

   -- Significant increases in capital spending beyond Fitch's
      expectations which have negative consequences for the credit

      profile;

   -- Increased leverage beyond 6.0x for a sustained period of
      time.

LIQUIDITY

Fitch estimates NuStar's committed liquidity was approximately $483
million as of Sept. 30, 2015.  The partnership had
$116 million of cash and equivalents on the balance sheet.  NuStar
had $908 million drawn on its $1.5 billion revolver due 2019.
Availability to draw on the revolver is restricted by the leverage
covenant as defined by the bank agreement which does not allow
leverage to be greater than 5.0x for covenant compliance.  However,
if NuStar makes acquisitions which exceed $50 million, the
bank-defined leverage ratio increases to 5.5x from 5.0x for two
consecutive quarters.  As of Sept. 30, 2015, bank defined leverage
was 4.4x.

The bank agreement definition of debt excludes debt proceeds held
in escrow for the future funding of construction which was $59
million as of Sept. 30, 2015 and $403 million of junior
subordinated debt.  The bank-defined leverage calculation also
gives pro forma credit for EBITDA for material projects.

Fitch estimates that NuStar had availability to draw approximately
$367 million based on the leverage covenant (versus $560 million
one year ago which was higher than typical availability).  In 2014,
NuStar established two short-term lines of credit with uncommitted
borrowing capacity of $80 million.  As of Sept. 30, 2015, there
were $42 million of borrowings on these credit lines leaving $38
million available for borrowing.

In June 2015, the partnership also entered into a $100 million
uncommitted letter of credit agreement for a term of up to one
year.  This increases the availability to borrow on the revolvers
since any letters of credit issued under this agreement do not
reduce availability to draw on the revolver.  As of Sept.30, 2015,
there were $47 million of letters of credit issued under this
facility.

NuStar has no near term debt maturities.  There are $350 million of
notes due in 2018.  NuStar also has $402.5 million of junior
subordinated notes callable in 2018 however they are not due until
2043.

In June 2015, NuStar established a $125 million receivable
financing agreement which is which can be upsized to $200 million.
This agreement has an initial termination date of June 15, 2018
with the option to renew for an additional 364-day period
thereafter.  As of Sept. 30, 2015, it had $99 million of accounts
receivables in the securitization program for NuStar Finance LLC.
Account receivables held by NuStar Finance LLC are not available
for claims of credits of NuStar Energy LP.  Borrowings on this
facility as of Sept. 30, 2015 were $57 million.

Fitch has affirmed NuStar Logistics, L.P.:

NuStar Logistics, L.P.

   -- Long-Term IDR at 'BB';
   -- Senior Unsecured at 'BB'/RR4;
   -- Junior Subordinated Notes at 'B+'/RR6.

The Rating Outlook is Stable.



OAKFABCO INC: Has Until May 20 to File Ch. 11 Plan
--------------------------------------------------
At Oakfabco, Inc.'s behest, Judge Jack B. Schmetterer of the United
States Bankruptcy Court for the Northern District of Illinois,
Eastern Division, extended the period by which the Debtor has
exclusive right to file a Chapter 11 plan through and including May
20, 2016, and to solicit votes thereon through and including July
19, 2016.

According to the Debtor, it needs further extension of the
exclusive periods as there are still unresolved contingencies in
its bankruptcy case.  The Debtor told the Court that it cannot
negotiate or file its chapter 11 plan of liquidation until it has
funds necessary to support the plan.  The Debtor anticipates
funding its plan through the Settlement Proceeds and any other
insurance rights available to the Debtor.  But, the Debtor cannot
commit to utilizing the Settlement Proceeds prior to a hearing on
the Insurance Settlement Motions and Court approval of the
Insurance Settlement Agreements.  Accordingly, approval of the
Insurance Settlement Agreements is a necessary prerequisite to
negotiating and filing the plan.  A hearing on the merits of the
Insurance Settlement Motions is not likely to occur prior to
mid-February 2016, the Debtor said.

The Debtor also sought additional time to file a plan so that
necessary creditors receive adequate notice of the Insurance
Settlement Motions and the Debtor and the Committee have adequate
time to negotiate a plan to resolve the Asbestos Claims.

The status conference currently scheduled on December 15, 2015, at
10:30 a.m., for a report on the
status of the plan and disclosure statement is rescheduled for May
27, 2016, at 11:00, in Courtroom 682
without further notice.

The Debtor are represented by:

         Stephen T. Bobo, Esq.
         REED SMITH LLP
         10 S. Wacker Drive, 40th Floor
         Chicago, IL 60606
         Telephone: (312) 207-6480
         Facsimile: (312) 207-6400
         Email: sbobo@reedsmith.com

            -- and --

         Paul M. Singer, Esq.
         Luke A. Sizemore, Esq.
         Joseph D. Filloy, Esq.
         REED SMITH LLP
         225 Fifth Avenue, Suite 1200
         Pittsburgh, PA 15222
         Telephone: (412) 288-3131
         Facsimile: (412) 288-3063
         Email: psinger@reedsmith.com
                lsizemore@reedsmith.com
                jfilloy@reedsmith.com

                  About Oakfabco, Inc.

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

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

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

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

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


PATRIOT COAL: Hires Desai Eggmann as Missouri Counsel
-----------------------------------------------------
Patriot Coal Corporation, et al., seek authorization from the U.S.
Bankruptcy Court for the Eastern District of Virginia to employ
Desai Eggmann Mason LLC as local Missouri counsel to the Debtors,
nunc pro tunc to September 14, 2015.

The Debtors require Desai Eggmann to:

   (a) perform all necessary services as local counsel in the
       Debtors' Missouri Case;

   (b) prepare, or coordinate preparation, and file, on behalf of
       the Debtors of all motions, applications, answers, orders,
       reports and papers necessary in connection with the
       Missouri Case; and

   (c) perform all other necessary legal services to the Debtors
       in the Missouri Court as requested by the Debtors or by
       lead counsel on behalf of the Debtors.

Desai Eggmann will be paid at these hourly rates:

       Robert E. Eggman            $360
       Lawyers and Paralegals      $120-$360

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

Robert E. Eggman, partner of Desai Eggmann, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Desai Eggmann can be reached at:

       Robert E. Eggman, Esq.
       DESAI EGGMANN MASON LLC
       7733 Forsyth Boulevard, Suite 800
       Clayton, MO 63105
       Tel: (314) 881-0809
       E-mail: reggmann@demlawllc.com

                  About Patriot Coal Corporation

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

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

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

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

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

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


PHOTOMEDEX INC: Gets $4 Million Advance Financing From CC Funding
-----------------------------------------------------------------
PhotoMedex, Inc., received an advance of $4 million, less a $40,000
financing fee from CC Funding, a division of Credit Cash NJ, LLC,
pursuant to a Credit Card Receivables Advance Agreement, dated Dec.
21, 2015.  The Company's domestic subsidiaries, Radiancy, Inc.;
PhotoMedex Technology, Inc.; and Lumiere, Inc., are also parties to
the Advance Agreement.

Subject to the terms and conditions of the Advance Agreement, the
Lender will make periodic advances to the Company.  The proceeds of
the Advances may be used to conduct the ordinary business of the
Company only.

All outstanding Advances will be repaid through the Borrowers'
existing and future credit card receivables and other rights to
payment arising out of the Borrowers' acceptance or other use of
any credit or charge card generated by activities based in the
United States.  The Company's processor for those Credit Card
Receivables has been instructed to remit, via electronic funds
transfer, to the Lender all of the Borrowers' Credit Card
Receivables collected by the Processor until the Lender gives
written notice that all Advances then outstanding and associated
fees and expenses have been received by Lender.

Each Advance is to be secured by a security interest in favor of
the Lender in certain defined Collateral, including but not limited
to all of the Borrowers' Credit Card Receivables; inventory,
merchandise and materials; equipment, machinery, furniture,
furnishings and fixtures; patents, trademarks and tradenames; and
all other intangibles and payment rights arising out of the
provision of goods or services by the Borrowers.

                          About PhotoMedex

PhotoMedex, Inc., is a global health products and services company
providing integrated disease management and aesthetic solutions to
dermatologists, professional aestheticians, ophthalmologists,
optometrists, consumers and patients.  The Company provides
proprietary products and services that address skin conditions
including psoriasis, vitiligo, acne, actinic keratosis, photo
damage and unwanted hair, as well as fixed-site laser vision
correction services at our LasikPlus(R) vision centers.

PhotoMedex and its subsidiaries has entered into a second
amended and restated forbearance agreement with the lenders that
are parties to the credit agreement dated May 12, 2014, and with JP
Morgan Chase, as administrative agent for the Lenders pursuant to
which the Lender have agreed to forbear from exercising their
rights and remedies with respect to certain events of default from
Aug. 25, 2014, until April 1, 2016, or earlier if an event of
default occurs, according to a document filed with the Securities
and Exchange Commission in March 2015.

As of June 30, 2015, the Company had $67.7 million in total assets,
$23.9 million in total liabilities and $43.8 million in total
stockholders' equity.

                        Bankruptcy Warning

"If, in the future, PhotoMedex is required to obtain similar
forbearance agreements as a result of our inability to meet the
terms of the credit agreement, there can be no assurance that those
forbearance agreements will be available on commercially reasonable
terms or at all.  If, as or when required, we are unable to repay,
refinance or restructure our indebtedness under those credit
facilities, or amend the covenants contained therein, the lenders
could elect to terminate their commitments under the credit
facilities and institute foreclosure proceedings against our
assets.  Under such circumstances, we could be forced into
bankruptcy or liquidation.  In addition, any additional events of
default or declaration of acceleration under one of those
facilities or the forbearance agreement could also result in an
event of default under one or more of these agreements.  Such a
declaration would have a material adverse impact on our liquidity,
financial position and results of operations," the Company stated
in its 2014 annual report.


PITTSBURGH CORNING: Sees Light at End of Bankruptcy Tunnel
----------------------------------------------------------
Patrick Fitzgerald, writing for Dow Jones' Daily Bankruptcy Review,
reported that after more than 15 years under court protection,
Pittsburgh Corning Corp., the joint venture between PPG Industries
Inc. and Corning Inc., has a clear path out of bankruptcy.

According to the report, PPG said on Jan. 7 that insurer Everest
Reinsurance Co. and its affiliate Mt. McKinley Insurance Co. have
withdrawn their appeal of Pittsburgh Corning's chapter 11 exit
plan.  The insurers had appealed approval of the plan to the Third
U.S. Circuit Court of Appeals, claiming the plan would harm them in
ongoing coverage disputes, the report related.

The Troubled Company Reporter, on Jan. 7, 2016, reported that PPG
Industries disclosed that all pending appeals of the Pittsburgh
Corning Plan of Reorganization have been withdrawn.  The Pittsburgh
Corning Plan was confirmed by the U.S. Bankruptcy Court for the
Western District of Pennsylvania in May 2013.

Under the plan, PPG and its participating insurers will make
initial contributions to the asbestos trust established by the
plan
within 30 business days after the plan becomes effective and all
conditions to funding have been met.  PPG anticipates that those
conditions to funding will be satisfied and funding will take
place
in the first half of 2016.

PPG and Corning Incorporated are each 50-percent shareholders of
Pittsburgh Corning, which filed for Chapter 11 bankruptcy
protection in 2000.

                    About Pittsburgh Corning

Pittsburgh Corning Corporation filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 00-22876) on April 16, 2000,
to address numerous claims alleging personal injury from exposure
to asbestos.  At the time of the bankruptcy filing, there were
about 11,800 claims pending against the Company in state court
lawsuits alleging various theories of liability based on exposure
to Pittsburgh Corning's asbestos products and typically requesting
monetary damages in excess of $1 million per claim.

Judge Thomas Agresti handles the bankruptcy case.  Reed Smith LLP
serves as counsel and Deloitte & Touche LLP as accountants to the
Debtor.

The U.S. Trustee appointed a Committee of Unsecured Trade
Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of Leech, Tishman, Fuscaldo & Lampl, LLC, as counsel to the
Committee of Unsecured Trade Creditors, and Pascarella & Wiker,
LLP, as financial advisor.

The U.S. Trustee also appointed a Committee of Asbestos Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of these professionals by the Committee of Asbestos Creditors: (i)
Caplin & Drysdale, Chartered as Committee Counsel; (ii) Campbell &
Levine as local counsel; (iii) Anderson Kill & Olick, P.C. as
special insurance counsel; (iv) Legal Analysis Systems, Inc., as
Asbestos-Related Bodily Injury Consultant; (v) defunct firm, L.
Tersigni Consulting, P.C. as financial advisor, and (vi) Professor
Elizabeth Warren, as a consultant to Caplin & Drysdale, Chartered.

On Feb. 16, 2001, the Court approved the appointment of Lawrence
Fitzpatrick as the Future Claimants' Representative.  The
Bankruptcy Court authorized the retention of Meyer, Unkovic &
Scott
LLP as his counsel, Young Conaway Stargatt & Taylor, LLP, as his
special counsel, and Analysis, Research and Planning Corporation
as
his claims consultant.

In 2003, a plan of reorganization was agreed to by various
parties-in-interest, but, on Dec. 21, 2006, the Bankruptcy Court
issued an order denying the confirmation of that plan, citing that
the plan was too broad in addressing independent asbestos claims
that were not associated with Pittsburgh Corning.

On Jan. 29, 2009, an amended plan of reorganization (the Amended
PCC Plan) -- which addressed the issues raised by the Court when
it
denied confirmation of the 2003 Plan -- was filed with the
Bankruptcy Court.

As reported by the TCR on April 25, 2012, Pittsburgh Corning,
which
is a joint venture between Corning Inc. and PPG Industries Inc.,
filed another amendment to its reorganization plan designed to
wrap
up a Chapter 11 begun 12 years ago.

PCC's balance sheet at Sept. 30, 2012, showed $29.4 billion in
total assets, $7.52 billion in total liabilities and $21.9 billion
in total equity.


PREMIER EXHIBITIONS: Delays Draws Under Secured Note with Mr. Gao
-----------------------------------------------------------------
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.

On Jan. 4, 2016, the Company agreed to delay the second draw until
Jan. 15, 2016, and the third draw until Jan. 28, 2016.  Interest on
these amounts will not accrue until the amounts are received by the
Company.  The Note otherwise remains unchanged and in full effect.

                   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: Inks Employment Pact with President & CEO
--------------------------------------------------------------
Premier Exhibitions, Inc., and Daoping Bao, the Company's chief
executive officer, entered into an employment agreement on Jan. 1,
2016.  The Agreement provides for Mr. Bao's employment for an
indefinite term as president and chief executive officer of the
Company.

The Agreement may be terminated by either party at any time,
subject to certain severance provisions provided in the Agreement.
Pursuant to the agreement, the Company will pay Mr. Bao a salary of
$297,000 per year.  Mr. Bao will be eligible for annual performance
awards consistent with incentive compensation programs established
by the Board for senior executives with a target bonus at 50% of
his base salary, which awards may take the form of cash bonuses,
stock option grants or grants of restricted stock at the discretion
of the Board.  Upon a termination without cause or by Mr. Bao for
good reason, as such terms are defined in the employment agreement.
Mr. Bao would be entitled to twelve months salary as severance.  

"Cause" is defined in the Agreement to include (i) failure to
substantially perform duties reasonable and customary for a CEO in
the Exhibition Business and/or failure to comply with the covenants
and other provisions contained in this Agreement which are not
remedied in a reasonable period of time after receipt of written
notice from the Company setting forth the nature of such failure;
or (ii) fraud, misappropriation, embezzlement or similar acts of
dishonesty; Conviction of a felony or misdemeanor involving moral
turpitude; or Intentional and willful misconduct relating to the
Executive's employment that may subject the Employer to criminal
and or civil liability.

Also on Jan. 1, 2016, the Company entered into an amendment to the
employment agreement with Michael Little, the Company's chief
financial officer and chief operating officer.  Pursuant to the
amendment, the Company will pay Mr. Little a salary of $252,000 per
year, decreased from $280,000 per year.  Pursuant to the amendment,
the Company's severance obligation to Mr. Little will be based on a
salary of $280,000 per year, notwithstanding this reduction in base
salary.

                    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.


QUICKSILVER RESOURCES: UCC Wants Sale Proceeds Held in Escrow
-------------------------------------------------------------
Quicksilver Resources Inc.'s official committee of unsecured
creditors said in a court filing that it will not oppose the
proposed sale of a real property located at 4285 Haslet Roanoke
Road, Tarrant County, Texas.

The committee, however, said that any "unencumbered sale proceeds"
should be deposited into an escrow account pending resolution of
how unencumbered property will be distributed to unsecured
creditors.

The unsecured creditors' committee also questioned the company's
classification of another real property in Texas as subject to the
existing liens of its lenders.

Quicksilver Resources earlier proposed the sale of 271.718 acres of
land in Somervell County, Texas, as well as the structures standing
on the property.

According to the committee, any structure standing on the property
cannot be considered an "oil and gas property," and, therefore, is
not subject to the lenders' liens.

                    About Quicksilver Resources

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

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

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

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

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

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

                           *     *     *

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


QUICKSILVER RESOURCES: Wants $1.45-Mil. Bonus for Employees
-----------------------------------------------------------
Quicksilver Resources Inc. and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to authorize certain
bonus payments to non-insider employees, as well as the
continuation of their severance program for all employees.

The Debtors seek to make, consistent with their prepetition
practices and policies, bonus payments tied to achieving critical
milestones in the cases and to honor their prepetition employee
Severance Program, both with the intent to incentivize employees to
continue performing at top levels to aid in meeting critical
milestones in the Chapter 11 cases and maximizing value for the
Debtors' creditors.

The Debtors relate that they have experienced a significant
decrease in their employee base over the last 12 months, and that
their workforce has reduced over 34% since January 2015.  The
Debtors further relate that their remaining employees are critical
to operating the Debtors' business as a going concern, pursuing the
ongoing sale process, and moving toward a successful conclusion of
these chapter 11 cases.  The Debtors contend that  operating in
Chapter 11 has imposed unprecedented workloads and stress on the
Debtors' employees.  The Debtors further contend that they continue
to experience additional attrition and believe it is imperative to
attempt to ameliorate the negative impact on the employee base due
to the depressed market, their prolonged chapter 11 cases, the
uncertainty of long-term employment due to the sale process and the
reductions in force implemented recently. The Debtors add that in
an exercise of their reasonable business judgment, they have
determined that implementing the Bonus Plan and continuing the
Severance Plan as a post-petition employee benefit are
fundamentally important to achieving the foregoing and to the tasks
critical to a successful exit from chapter 11.

The Proposed Bonus Plan consists of a pool of $1.45 million in
cash, which will be made available for employee bonuses.  To
receive payments in accordance with the Bonus Plan, each
participant must be employed by Quicksilver on the date that the
following three milestones are achieved:

     (1) Milestone 1:  The earlier of the date that the Court
enters (x) one or more orders ("Sale Order") approving the sale of
all or substantially all of the Company's assets or (y) an order
approving a plan support agreement or such other agreement as the
Debtors determine is appropriate or necessary to document the
winning bid in the Debtors' pending sale process ("Approval
Order").

         Payment: 60% of Base Amount ($870,000 in the aggregate)

     (2) Milestone 2: The earlier of the date that (x) all of the
salses approved by the Sale Order have closed or (y) the Court
enters an order approving a disclosure statement for a plan
materially consistent with the Approval Order.

         Payment: 20% of Base Amount ($290,000 in the aggregate)

     (3) Milestone 3: The date that any chapter 11 plan of
reorganization or liquidation becomes effective in the Company's
chapter 11 cases ("Effective Date Payment").

         Payment: 20% of Base Amount ($290,000 in the aggregate).
The Company may allocate any portion of the Milestone 3 Bonus Pool
attributable to employees who are no longer employed by Quicksilver
upon achievement of Milestone 3 to those employees who continue to
be employed by Quicksilver upon the achievement of Milestone 3.

The Debtors propose to continue their Severance Program subject to
these terms, among others:

     (a) Employees who are terminated without cause on or after the
date the Court enters an order approving the Debtors' motion shall
be eligible for severance in accordance with the Severance Program.
If such terminated employee is offered employment by and/or is
employed by a Purchaser contemporaneously with such termination
such employee shall be ineligible to receive severance payments in
accordance with the Severance Program.

     (b) The Debtors will be authorized to make the Severance
Payments following entry of an order approving this motion in an
aggregate amount up to $3.6 million.

     (c) The Debtors may allocate Severance Payments from employees
who are not eligible to receive such payments to severed employees
who remain eligible for Severance Payments.

The Motion is scheduled for hearing on Jan. 12, 2016 at 10:00 a.m.

Quicksilver Resources is represented by:

          Paul N. Heath, Esq.
          Amanda R. Steele, Esq.
          Rachel L. Biblo, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701  
          E-mail: heath@rlf.com
                  steele@rlf.com
                  biblo@rlf.com

                - and -

          Charles R. Gibbs, Esq.
          Sarah Link Schultz, Esq.
          Travis A. McRoberts, Esq.
          AKIN GUMP STRAUSS HAUER & FELD LLP
          1700 Pacific Avenue, Suite 4100
          Dallas, TX 75201
          Telephone: (214)969-2800
          Facsimile: (214)969-4343
          E-mail: sschultz@akingump.com
                  tmcroberts@akingump.com

                - and -

          Ashleigh L. Blaylock, Esq.
          AKIN GUMP STRAUSS HAUER & FELD LLP
          Robert S. Strauss Building
          1333 New Hampshire Avenue, N.W.
          Washington, DC 20036-1564
          Telephone: (202) 887-4000
          Facsimile: (202) 887-4288
          E-mail: blaylocka@akingump.com

                    About Quicksilver Resources

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

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

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

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

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

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


RELATIVITY MEDIA: Sells Select Music Assets for $1.1 Million
------------------------------------------------------------
Relativity Media LLC has sold its membership units in Select Music
LLC, according to court filings.

Select Music made a $1.1 million offer for the assets, which
Relativity Media purchased from the New York-based company in
December 2013.

The assets were supposed to be sold at an auction in October last
year.  Relativity Media, however, deemed the auction for the assets
unnecessary after it failed to attract buyers.

Select Music's $1.1 million offer was the only bid received by the
company, according to court filings.

The sale was approved by Judge Michael Wiles of the U.S. Bankruptcy
Court for the Southern District of New York.

                         About Relativity

Relativity -- http://relativitymedia.com/-- is a next-generation
global media company engaged in multiple aspects of content
production and distribution, including movies, television, sports,
digital and music.  More than just a collection of
entertainment-related businesses, Relativity is a content engine
with the ability to leverage each of these business units,
independently and together, to create content across all mediums,
giving consumers what they want, when they want it.

Relativity Studios, the Company's largest division, has produced,
distributed or structured financing for more than 200 motion
pictures, generating more than $17 billion in worldwide box-office
revenue and earning 60 Oscar nominations.  Relativity's films
include Oculus, Safe Haven, Act of Valor, Immortals, Limitless, and
The Fighter.

Relativity Media LLC and its affiliates, including Relativity
Fashion, LLC, sought protection under Chapter 11 of the Bankruptcy
Code on July 30, 2015 (Bankr. S.D.N.Y., Case No. 15-11989).  The
case is assigned to Judge Michael E. Wiles.

The Debtors are represented by Craig A. Wolfe, Esq., Malani J.
Cademartori, Esq., and Blanka K. Wolfe, Esq., at Sheppard Mullin
Richter & Hampton LLP, in New York; and Richard L. Wynne, Esq.,
Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq., at Jones Day, in
New York.

Brian Kushner of FTI Consulting, Inc., serves as chief
restructuring officer and crisis and turnaround manager.  Luke
Schaeffer of FTI Consulting, Inc., serves as deputy CRO.

Blackstone Advisory Partners L.P. serves as the Debtors' investment
banker.  The team is led by Timothy Coleman, Senior Managing
Director, CJ Brown, Senior Managing Director, Paul Sheaffer, Vice
President, and Joseph Goldschmid, Associate.

The Debtors' noticing and claims agent is Donlin, Recano & Company,
Inc.

                           *     *     *

An investor group composed of Anchorage Capital Group, L.L.C.,
Falcon Investment Advisors, LLC and Luxor Capital Group, LP on Oct.
21, 2015, completed its purchase of the assets of Relativity
Television.

After selling their TV business, the Debtors and CEO Ryan C.
Kavanaughfiled a proposed plan of reorganization that will allow
the Debtors to reorganize their non-TV business units with a
substantially de-levered balance sheet utilizing new equity
investments and new financing.  Jim Cantelupe, of Summit Trail
Advisors, LLC, has committed to work with the Debtors to raise up
to $100 million of new equity to fund the Plan.


RESTORGENEX CORP: Completes Merger with Diffusion Pharmaceuticals
-----------------------------------------------------------------
Diffusion Pharmaceuticals LLC, a clinical-stage biotechnology
company focused on the development of novel small molecule
therapeutics for cancer, announced the successful completion of its
merger with RestorGenex Corporation.  The combined company is
changing its name to Diffusion Pharmaceuticals Inc.

"Becoming a public company is a key element of our strategy, and
the completion of this merger is a significant accomplishment for
the Diffusion team," said David Kalergis, chairman and chief
executive officer of Diffusion Pharmaceuticals.  "We believe that
our novel oncology therapeutics for treatment-resistant solid
cancers have tremendous potential, and that becoming a publicly
traded company affords us the greatest opportunity to capitalize on
this large and growing market opportunity."  Mr. Kalergis added,
"We would like to thank the board and management team of
RestorGenex for their confidence in merging our two companies for
the benefit of our respective stockholders."

Diffusion Pharmaceuticals Inc. will continue to develop its lead
drug candidate, trans sodium crocetinate (TSC), which has
demonstrated positive results in a Phase 2 clinical trial in
patients newly diagnosed with glioblastoma multiforme (GBM).  TSC
has received Orphan Drug Designation from the U.S. Food and Drug
Administration for the treatment of GBM and expects to enter a
Phase III study in newly diagnosed GBM patients in 2016.  Future
development of TSC includes other orphan indications.  The company
is planning to commence a Phase II/III trial in pancreatic cancer
in 2016 with a Phase II/III study in brain metastases to follow.
TSC's novel mechanism of action enhances the diffusion of oxygen to
cancerous tumors, improving the effects of cancer treatments like
radiation therapy and chemotherapy.  Diffusion will review and
prioritize products formerly in the RestorGenex pipeline.

MTS Securities, LLC. acted as exclusive financial advisor to
Diffusion and Dechert LLP acted as legal counsel to Diffusion.
Raymond James & Associates, Inc. acted as exclusive financial
advisor to RestorGenex and Fox Rothschild LLP acted as legal
counsel for RestorGenex.

                  Director and Officer Resignations

In connection with the completion of the Merger and in accordance
with the terms of the Merger Agreement, the Board of Directors of
the Company accepted the resignations from the Board of Directors
and each of its committees of the following directors of the
Company, constituting all of the directors of the Company prior to
the Merger, with such resignations effective immediately prior to
the Effective Time: Sol J. Barer, Ph.D., Isaac Blech, Rex Bright,
Stephen M. Simes and Nelson K. Stacks.  The Board of Directors also
accepted the resignations of the following executive officers of
the Company, constituting all of the executive officers of the
Company prior to the Merger, with such resignations effective
immediately prior to the Effective Time: Stephen M. Simes as Chief
Executive Officer, Phillip B. Donenberg as Chief Financial Officer
and Secretary, and Mark A. Weinberg, M.D. as Senior Vice President,
Clinical Development.

                    Appointment of Directors

Also in connection with the completion of the Merger and in
accordance with the terms of the Merger Agreement, the outgoing
directors, prior to their resignation and in accordance with the
Company's bylaws, fixed the number of directors at six, and
appointed the following six individuals, constituting all of the
directors of Diffusion prior to the Merger, to serve as directors
of the Company, effective at the Effective Time and until the
Company's next annual meeting of stockholders, and until their
respective successors are elected and qualified or until their
earlier resignation or removal: David G. Kalergis, John L. Gainer,
Thomas Byrne, Robert Adams, Mark T. Giles and Alan Levin.  David G.
Kalergis was appointed Chairman of the Board.  Each of the new
directors is entitled to participate in the Company's 2015 Equity
Incentive Plan.

                  Changes in Certifying Accountant

For accounting purposes, the Merger is treated as a "reverse
acquisition" and, as such, the historical financial statements of
the accounting acquirer, Diffusion, which will be audited by KPMG
LLP, will become the historical financial statements of the
Company.

On Jan. 8, 2016, after the completion of the Merger, the Audit
Committee of the Company's Board of Directors (i) approved the
dismissal of Deloitte & Touche LLP as the Company's independent
registered public accounting firm effective as of the date of
Deloitte's completion of the audit services for the year ended Dec.
31, 2015, and the filing of the Company's annual report on Form
10-K for the year ended Dec. 31, 2015, and (ii) appointed KPMG as
the Company's independent registered public accounting firm for the
year ending Dec. 31, 2016.

Deloitte was initially engaged by the Company on Nov. 20, 2014, and
served as the Company's independent registered public accounting
firm for the years ended Dec. 31, 2015, and Dec. 31, 2014.
Deloitte's report on the Company's consolidated financial
statements for the fiscal year ended Dec. 31, 2014, did not contain
an adverse opinion or disclaimer of opinion, nor was it qualified
or modified as to uncertainty, audit scope or accounting
principles.  Deloitte has not yet issued its report on the
Company's consolidated financial statements for the fiscal year
ended Dec. 31, 2015.

During the fiscal years ended Dec. 31, 2015, and Dec. 31, 2014, and
the subsequent interim period, there were no: (i) disagreements
with Deloitte on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope of procedure
which, if not resolved to the satisfaction of Deloitte, would have
caused Deloitte to make reference to the matter in their report, or
(ii) reportable events as defined in Item 304(a)(1)(v) of
Regulation S-K.

                  Deregistration of Securities

On July 14, 2014, RestorGenex filed a registration statement on
Form S-1, Registration No. 333-197409, with the Securities and
Exchange Commission to register the sale of up to 8,949,142 shares
of the Company's common stock, par value $0.001 per share, held by
the selling stockholders named in the Registration Statement, and
2,684,743 shares of Common Stock issuable upon the exercise of
warrants held by the selling stockholders named in the Registration
Statement.  The Registration Statement was declared effective on
July 31, 2014.

The Company filed a Post-Effective Amendment No. 1 to the
Registration Statement to deregister all of the shares of Common
Stock that have not been sold pursuant to the Registration
Statement.  Pursuant to the undertaking contained in the
Registration Statement to remove from registration by means of a
post-effective amendment any of the shares of Common Stock being
registered which remain unsold, the Company amended the
Registration Statement to remove from registration the shares of
Common Stock covered by the Registration Statement that remain
unsold.

Additional information is available for free at:

                      http://is.gd/kSZFYU

                       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.


RITE AID: Approves Retention Program for Executives
---------------------------------------------------
As contemplated by the previously announced Agreement and Plan of
Merger, dated as of Oct. 27, 2015, among Rite Aid Corporation,
Walgreens Boots Alliance, Inc., and Victoria Merger Sub, Inc., a
wholly-owned direct subsidiary of WBA, the Board of Directors of
the Company approved the adoption of a retention and severance
program upon the recommendation of the Compensation Committee of
the Board, which was advised by the Committee's independent
compensation consultant, to enhance employee retention and
corporate performance through the closing of the merger
contemplated by the Merger Agreement, and authorized the Company to
enter into individual retention award agreements with certain of
its executive officers.

The individual retention award agreements provide for the lump-sum
payment of the retention award on the 120th day following the
closing of the Merger, subject to continued employment through such
retention date or upon the earlier termination of the recipient's
employment by the Company without "cause" or by the recipient for
"good reason".  The Company executed retention award agreements on
Dec. 31, 2015, with Darren Karst, David Abelman, Dedra Castle,
Bryan Everett and Jocelyn Konrad, which provide for the grant of
retention awards under the terms described above and, for tax
planning purposes, provide for the accelerated payment of the
executive's fiscal year 2016 bonus in 2015, the accelerated lapse
of restrictions on certain time-based restricted stock awards in
2015 and, to the extent necessary for one executive officer, the
accelerated payment of the retention award in 2015, in each case
subject to repayment requirements on the part of the executive if
the executive would not have otherwise become entitled to such
payments.

The table below sets forth the retention award:

      Named Executive Officers              Retention Award
      ------------------------              ---------------
      Mr. Standley                                0
      Mr. Martindale                              0
      Mr. Vitrano                                 0
      Mr. Karst                               1,000,000
      Mr. Robert K. Thompson                      0
      Mr. Strassler                               0

      Other Executive Officers
      ------------------------
      Mr. Abelman                               500,000
      Ms. Castle                                500,000
      Mr. Donley                                192,764
      Mr. Everett                               500,000
      Ms. Konrad                                500,000            
     
      Mr. Montini, Jr.                          500,000
      Mr. Robert I. Thompson                       0

                      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.


RITE AID: Reports $59.5 Million Net Income for Third Quarter
------------------------------------------------------------
Rite Aid Corporation filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing net income
of $59.5 million on $8.15 billion of revenues for the 13 week
period ended Nov. 28, 2015, compared to net income of $104.8
million on $6.69 billion of revenues for the 13 week period ended
Nov. 29, 2014.

For the 39 week ended period ended Nov. 28, 2015, the Company
reported net income of $99.8 million on $22.5 billion of revenues
compared to net income of $274 million on $19.7 billion of revenues
for the 39 week period ended Nov. 29, 2014.

As of Nov. 28, 2015, the Company had $11.7 billion in total assets,
$11.2 billion in total liabilities and $501 million in total
stockholders' equity.

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

                        http://is.gd/Gtu0hJ

                       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.

                           *     *     *

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.


ROSETTA GENOMICS: Grants Sublicenses to Mirna Therapeutics
----------------------------------------------------------
Rosetta Genomics Ltd. announced the signing of an agreement with
Mirna Therapeutics for a worldwide sublicense to Rosetta's patents
related to therapeutic uses of certain microRNA technologies.  The
agreement includes an exclusive sublicense related to Mirna's MRX34
product candidate, a mimic of naturally occurring microRNA-34 being
evaluated in clinical studies for a variety of cancers.

Under the terms of the agreement, Rosetta Genomics will receive an
upfront payment of $1.6 million from Mirna, and is eligible for low
single-digit royalties on product sales and potential milestone
payments and sublicense fees.  The sublicensed patents are jointly
owned by YEDA Research and Development Company Ltd., the commercial
arm of the Weizmann Institute of Science, and Rosetta Genomics.  As
such, YEDA is entitled to a portion of these and other proceeds
Rosetta may receive under the agreement with Mirna.

"We are pleased to execute this agreement with Mirna as it
underscores the value of our leading intellectual property position
in microRNA technology and represents a new avenue through which we
can create value by leveraging our extensive patent portfolio,"
noted Kenneth A. Berlin, president and chief executive officer of
Rosetta Genomics.  "We look forward to Mirna pursuing the potential
of microRNAs as new and effective cancer therapeutics and believe
microRNAs can play an important role in developing treatments for
different cancers."

                          About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
$14.5 million on $1.32 million for the year ended Dec. 31, 2014, a
loss from continuing operations of $13.2 million in 2013 and a
loss from continuing operations of $10.69 million in 2012.

As of June 30, 2015, Rosetta Genomics had $23.3 million in total
assets, $3.49 million in total liabilities and $19.8 million in
total shareholders' equity.

                        Bankruptcy Warning

"We will likely require substantial additional funding and expect
to augment our cash balance through financing transactions,
including the issuance of debt or equity securities and further
strategic collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance of
ordinary shares, various series of debt securities and/or warrants
to purchase any of such securities, either individually or in
units, with a total value of up to $75 million, from time to time
at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19, 2012.
As of the time of the filing of this Annual Report on Form 20-F,
we had sold through the Cantor Sales Agreement an aggregate of
4,736,854 of our ordinary shares for gross proceeds of $19.9
million under this shelf registration statement, leaving an
aggregate of approximately $55.1 million of securities available
for sale under this Form F-3, subject to limitations imposed by the
SEC for companies with a public float of less than $75 million.  If
we need additional funding, there can be no assurance that we will
be able to obtain adequate levels of additional funding on
favorable terms, if at all.  If adequate funds are needed and not
available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company said in its annual report for the
     year ended Dec. 31, 2014.


ROTONDO WEIRICH: Seeks Approval of Univest Settlement Agreement
---------------------------------------------------------------
Rotondo Weirich Enterprises, Inc., and its affiliated debtors ask
the U.S. Bankruptcy Court for the Eastern District of Pennsylvania
to approve a Settlement Agreement they have executed with Univest
Bank and Trust Company and the Official Committee of Unsecured
Creditors.

The Debtors are business entities which obtained certain financial
accommodations from Univest, by virtue of certain loan agreements,
promissory notes and security agreements.  The Debtors relate that
as of the Petition Date, the unpaid aggregate liability of the
Debtors to Univest under three loans advanced to the Debtors was
$4,406,075.  The Debtors note that pursuant to four interim cash
collateral orders, the Debtors have paid Univest adequate
protection payments totaling $63,000 during the course of the
Bankruptcy Cases which have reduced the balance due under the Loans
to $4,343,075.

The Debtors tell the Court that Univest has filed 18 claims against
certain of the Debtors and a motion asking the Court to convert the
chapter 11 cases to chapter 7 cases.  The Debtors further tell the
Court that they have engaged in settlement negotiations with
Univest and the Committee regarding the resolution of alleged
claims of the Debtors' estates against Univest and its collateral,
including the reasonable and necessary costs and expenses of
preserving, or disposing of the collateral of Univest; the extent
priority and validity of Univest's claims and liens, the Univest
POCs, the distribution of the proceeds from the collateral of
Univest, and a carve-out for the payment of fee claims of
professionals retained by the Debtors and the Committee, among
others.

The Settlement Agreement contains, among others, these terms and
conditions:

     (a) Settlement Effective Date: The Settlement Effective Date
is the date upon which the order approving the Agreement becomes a
Final Order.

     (b) Univest's Allowed Secured Claim: Upon the Settlement
Effective Date, (i) the unpaid aggregate liability of the Debtors
to Univest under the Loans is $4,343,075, and Univest agrees to
waive its right to collect all post-petition accrued interest,
costs and legal expenses as to the Debtors only, which represents
an allowed secured claim of Univest in certain of the Debtors'
Bankruptcy Cases; (ii) as of the Petition Date, the liens and
security interests of Univest in all the assets of Rotondo Weirich
Enterprises, Inc. ("RW"), Rotondo Weirich, Inc. ("RWI"), Three
North Pointe Associates, LLC ("3NP"), RW Lederach, LLC ("RWL") and
RW 675, LLC ("RW675") granted pursuant to the Pre-Petition Credit
Facilities are valid, perfected, first and second liens and
security interests that secure payment of the Univest Allowed
Secured Claim; and (iii) Univest has an allowed unsecured claim in
the RWM and Fontana bankruptcy cases in the amount of
$4,343,075.23, which shall be reduced by each dollar paid on
account of the Univest Allowed Secured Claim.

     (c) Deeds in Lieu of Foreclosure, Dismissal of 3NP, RWL and
RW675 Bankruptcy Cases and Reduction of Univest's Allowed Secured
Claim: Within five days after the execution of the Agreement, (i)
RWL will execute and deliver to Univest's counsel, to be held in
escrow, a deed in lieu of foreclosure to Univest or its designee
for the RWL Property; (ii) RW675 will execute and deliver to
Univest's counsel, to be held in escrow, a deed in lieu of
foreclosure to Univest or its designee for the RW675 Property; and
(iii) 3NP will execute and deliver to Univest's counsel, to be held
in escrow, a deed in lieu of foreclosure to Univest or its
designee, or such other instrument as may be required, the effect
and intent of which will be to transfer title to Univest or its
designee, for the 3NP Property. Upon entry of the Final Order
approving the Agreement, Univest will immediately reduce the
balance of the Loans by the amount of $1,830,000.00, which amount
represents the collective appraised value of the RWL Property,
RW675 Property and the 3NP Property, and the Univest Allowed
Secured Claim and the Univest Allowed Unsecured Claim shall be
immediately reduced to $2,513,075.

     (d) Professional Fee Carve-out: Univest agrees that the
professional fees and expenses incurred by the professionals
retained by the Debtors and the Committee, will be paid on a
pro-rata basis of 50% on all distributions Univest receives on
account of the Univest Allowed Unsecured Claim against RWM and
Fontana. Univest shall all take action required to fund the
Professional Fee Carveout with 50% of all distributions it receives
on account of the Univest Allowed Unsecured Claim against RWM and
Fontana.  
The Debtors relate that the dispute between the parties involves
numerous issues.  They further relate that not only would
litigation be costly and time consuming for the Debtors and their
estates, there are uncertainties in connection with future
litigation, including the potential for appeals, which could delay
the final determination of the matters for a significant period of
time.  The Debtors believe that, in light of the complexity and the
expense of the disputes between the parties, the Agreement is in
the best interests of the Debtors, their estates and their
creditors.

The Debtors' Motion is scheduled for hearing on Jan. 26, 2016 at
1:00 p.m.

Rotondo Weirich Enterprises is represented by:

          Aris J. Karalis, Esq.
          Robert W. Seitzer, Esq.
          MASCHMEYER KARALIS P.C.
          1900 Spruce Street
          Philadelphia, PA 19103
          Telephone: (215)546-4500
          E-mail: AKaralis@cmklaw.com
                  RSeitzer@cmklaw.com

                About Rotondo Weirich Enterprises

Rotondo Weirich Enterprises, Inc. and five of its affiliates
Sought Chapter 11 protection (Bankr. E.D. Pa. Case Nos. 15-16146 -
15-16151) on Aug. 27, 2015.  The petition was signed by Steven J.
Weirich as president & CEO.  The Debtors disclosed total assets of
$8,667,885 and total liabilities of $10,452,860.  Maschmeyer
Karalis P.C. represents the Debtors.

On Sept. 22, 2015, Andrew Vara, acting U.S. trustee for Region 3,
appointed Grant Brooker, general counsel of Bennett Motor Express
LLC; Brett Smith, business manager of Bragg Companies; and Max
Helser, president of Helser Industries Inc., to serve on the
official committee of unsecured creditors.  On Oct. 15, 2015,
another unsecured creditor, Mi-Jack Products Inc. Vice-President
Jack Wepfer, was appointed to serve on the panel.

The unsecured creditors' committee is represented by Reed Smith
LLP.

Judge Eric L. Frank ordered directing joint administration of the
Debtors' cases.



SABINE OIL: Unsecured Creditors Seek Standing to Sue
----------------------------------------------------
The Official Committee of Unsecured Creditors of Sabine Oil & Gas
Corporation and its affiliated debtors asks the U.S. Bankruptcy
Court for the Southern District of New York for authorization to
commence and prosecute certain claims and causes of action on
behalf of the Debtors' estates, as well as authorization to enter
into a non-exclusive settlement.

The Committee seeks to assert claims on behalf of the applicable
Debtors' estates, arising from the disastrous merger of Forest Oil
Corporation ("Legacy Forest") and Sabine Oil & Gas LLC ("Legacy
Sabine"), that occurred in December 2014 ("Combination").  The
Committee also seeks to assert claims in connection with
obligations incurred, liens transferred and payments made in
connection with or related to the Combination ("Debt Financing").
The claims which the Committee seeks to pursue are:

     (a) claims for intentional fraudulent conveyance against the
Secured Parties, to avoid the obligations incurred, liens
transferred and payments made by the Debtors in connection with or
related to the Combination;

     (b) claims for breach of fiduciary duty against two groups of
Legacy Forest directors and officers, in particular: (i) the Legacy
Forest directors and officers in place until the morning of the
closing of the Combination and (ii) a second group of Legacy Forest
directors and officers that approved the financing arrangements in
connection with the Combination;

     (c) claims for breach of fiduciary duty against the directors
and officers of Legacy Sabine and certain of its subsidiaries
("Legacy Sabine Subsidiaries") with respect to the Combination and
the Debt Financing;

     (d) claims against the Debtors' current and former secured
lenders for aiding and abetting breaches of fiduciary duty of the
various officers and directors of Legacy Forest, Legacy Sabine, and
the Legacy Sabine Subsidiaries;

     (e) claims against First Reserve and certain of its related
entities that ultimately owned and/or managed various of the
Debtors, for breach of their fiduciary duty to the Legacy Sabine
Subsidiaries;

     (f) equitable subordination of the claims of certain of the
Debtors' current and former secured lenders due to such parties'
inequitable conduct in connection with or related to the
Combination; and

     (g) re-characterize as equity certain portions of the Second
Lien Loan.

The Committee tells the Court that the Proposed Claims are both
meritorious and highly valuable, and actions prosecuting them would
unquestionably benefit the Debtors' estates.  The Committee further
tells the Court that it has conducted as thorough an investigation
as possible given limits imposed by the voluntary nature of
document production, the short time during which discovery has
taken place, and the Debtors' conflicting efforts, which have
impeded the Committee investigation.  The Committee contends that
the Debtors have acted and continue to act in a dual role of
"investigator" and "protector" of the targets of the investigation.
The Committee further contends that its investigation has
uncovered the fact that counsel to a principal target of the
investigation (First Reserve) was actually counsel to the company,
and taking direction from a First Reserve controlled board, at the
most critical times during the transaction.

The Official Committee of Unsecured Creditors is represented by:

          Mark R. Somerstein, Esq.
          Keith H. Wofford, Esq.
          D. Ross Martin Esq.
          ROPES & GRAY LLP
          1211 Avenue of the Americas
          New York, NY 10036-8704
          Telephone: (212)596-9000
          Facsimile: (212) 596-9090
          E-mail: mark.somerstein@ropesgray.com
                  keith.wofford@ropesgray.com
                  ross.martin@ropesgray.com

                About Sabine Oil & Gas Corporation

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

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

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

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee
tapped Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as counsel.  The
Committee also retained Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SAM WYLY: IRS Could Win Big in $2.2 Billion Tax Claim Trial
-----------------------------------------------------------
Jess Davis at Bankruptcy Law360 reported that billionaire business
tycoon Sam Wyly on Jan. 6, 2016, was slated to face off against the
Internal Revenue Service over a $2.2 billion tax claim in Dallas
bankruptcy court, in a case tax experts say should hammer home how
serious the IRS is about punishing those who use offshore trusts to
shelter income.

Sam Wyly and Caroline "Dee" Wyly, the widow of Sam's late brother
Charles, named the IRS among their biggest creditors when they
filed for Chapter 11 bankruptcy protection in 2014.

                         About Sam Wyly

Sam Wyly is a lifelong entrepreneur and author.  His first book,
1,000 Dollars & An Idea, is a biography that tells his story of
creating and building companies, including University Computing,
Michaels Arts & Crafts, Sterling Software, and Bonanza Steakhouse.
His second book, Texas Got It Right!, co-authored with his son,
Andrew, was gifted to roughly 450,000 students and teachers,
thought leaders, and readers, and continues to be a best-seller in
its Amazon category.

Samuel Wyly filed for Chapter 11 bankruptcy protection (Bankr.
N.D. Tex. Case No. 14-35043) on Oct. 19, 2014, weeks after a judge
ordered him to pay several hundred million dollars in a civil
fraud case.  In September 2014, a federal judge ordered Mr. Wyly
and the estate of his deceased brother to pay more than $300
million in sanctions after they were found guilty of committing
civil fraud to hide stock sales and nab millions of dollars in
profits.

                        About Caroline Wyly

Caroline Wyly is the widow of business tycoon Charles Wyly.  She
and her brother-in-law Sam Wyly sought Chapter 11 bankruptcy
protection as leverage to settle a looming tax bill and a $329
million claim from the Securities and Exchange Commission.  Her
bankruptcy is In re Caroline D. Wyly, 14-35074, in U.S. Bankruptcy
Court, Northern District Texas (Dallas).


SAMSON RESOURCES: Defends Terms of Kirkland & Ellis Employment
--------------------------------------------------------------
Samson Resources Corporation, et al., filed with the U.S.
Bankruptcy Court for the District of Delaware a reply in support of
their application seeking authority to employ Kirkland & Ellis LLP
and Kirkland & Ellis International LLP as counsel.

The Debtors pointed out that with the exception of the provisions
subject to the U.S. Trustee's objection, the Court has approved the
employment.  The Debtors argued that the objection of Andrew R.
Vara, Acting U.S Trustee, lacked merits and must be overruled.  The
proposed third party fee litigation provision is reasonable and
market-based, tthe Debtors told the Court.

The U.S. Trustee, in its objection, complained that the
Reimbursement Provisions, even if the parties agree to them, cannot
override the statutory requirements of the American Rule, the
United States Supreme Court.

On Oct. 29, the Court authorized the employment of Kirkland as
counsel for the Debtors nunc pro tunc to the Petition Date, and set
a Jan. 16, 2016, at 10:00 p.m. hearing to consider the
reimbursement of fees and expenses incurred.

The Official Committee of Unsecured Creditors submitted a
reservation of rights regarding the application noting that
Kirkland has disclosed meaningful relationships with Kohlberg
Kravis Roberts & Co., L.P. and certain of its affiliates and
Crestview Partners II GP, L.P. and certain of its affiliates.  Both
KKR and Crestview were (and are) equity sponsors in connection with
the LBO of Samson Investment Company.

As reported by the Troubled Company Reporter on Oct. 9, 2015,
the firm is expected to:

     a) advise the Debtors with respect to their powers and
        duties as debtors in possession in the continued
        management and operation of their businesses and
        properties;

     b) advise and consult on the conduct of these chapter 11
        cases, including all of the legal and administrative
        requirements of operating in chapter 11;

     c) attend meetings and negotiating with representatives of
        creditors and other parties in interest;

     d) take all necessary actions to protect and preserve the
        Debtors' estates, including prosecuting actions on the
        Debtors behalf, defending any action commenced against
        the Debtors, and representing the Debtors in
        negotiations concerning litigation in which the Debtors
        are involved, including objections to claims filed
        against the Debtors' estates;

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

     f) represent the Debtors in connection with obtaining
        authority to continue using cash collateral;

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

     h) appear before the Court and any appellate courts to
        represent the interests of the Debtors' estates;

     i) advise the Debtors regarding tax matters;

     j) take any necessary action on behalf of the Debtors to
        negotiate, prepare, and obtain approval of a disclosure
        statement and confirmation of a chapter 11 plan and all
        documents related thereto; and

     k) perform all other necessary legal services for the
        Debtors in connection with the prosecution of these
        chapter 11 cases, including:

             i) analyzing the Debtors' leases and contracts and
                the assumption and assignment or rejection
                thereof;

            ii) analyzing the validity of liens against the
                Debtors; and

           iii) advising the Debtors on corporate and litigation
                matters.

The firm's current hourly rates for matters related to these
chapter 11 cases range:

    Billing Category          U.S. Range
    ----------------          ----------
    Partners                  $665-$1,375
    Of Counsel                $480-$1,245
    Associates                $480-$890
    Paraprofessionals         $170-$380

Joshua A. Sussberg, president of Joshua A. Sussberg P.C., a partner
of Kirkland & Ellis LLP and Kirkland & Ellis International, assures
the Court that the firm is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook signed the petition as executive vice president and
chief financial officer.  The Debtors estimated assets and
liabilities of more than $1 billion.

Samson is an onshore oil and gas exploration and production
company with interests in various oil and gas leases primarily
located in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and
Wyoming.  The Operating Companies operate, or have royalty or
working interests in, approximately 8,700 oil and gas production
sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors'
investment banker.  Garden City Group, LLC serves as claims and
noticing agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SAMSON RESOURCES: March 14 Set as Governmental Bar Date
-------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved a
stipulation modifying the bar date order issued in the Chapter 11
cases of Samson Resources Corporation and its debtor affiliates.

The stipulation was entered between the Debtors and Crestview
Advisors, L.L.C, on behalf of itself and its affiliates, Kohlberg
Kravis Roberts & Co. L.P.; on behalf of itself and its affiliates
and certain employees of these entities that serve or served on the
board of directors or managers of one or more of the Debtors.

The parties stipulated, among other things, that, upon the filing
of a sponsor proof of claim, the sponsor entity filing the claim
will be deemed to have filed a separate proof of claim in each of
the Chapter 11 cases.

On Oct. 19, the Court set Nov. 20, 2015, as the general bar date;
and March 14, 2016, at 5:00 p.m., as the governmental bar date.
Proofs of claim must be filed with Garden City Group, the Debtors'
claims agent, in these addresses:

If sent via first class mail:

         Samson Resources Corporation
         c/o GCG
         P.O. Box 10238
         Dublin, OH 43017-5738

If sent via hand delivery or overnight mail:

         Samson Resources Corporation
         c/o GCG
         5151 Blazer Parkway, Suite A
         Dublin, OH 43017

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook signed the petition as executive vice president and
chief financial officer.  The Debtors estimated assets and
liabilities of more than $1 billion.

Samson is an onshore oil and gas exploration and production company
with interests in various oil and gas leases primarily located in
Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming.
The Operating Companies operate, or have royalty or working
interests in, approximately 8,700 oil and gas production sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors' investment
banker.  Garden City Group, LLC serves as claims and noticing agent
to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.


SAMSON RESOURCES: Wants Until April 13, 2016 to Decide on Leases
----------------------------------------------------------------
Samson Resources Corporation and its affiliated debtors ask the
U.S. Bankruptcy Court for the District of Delaware to extend their
time to assume or reject unexpired leases on nonresidential real
property from Jan. 14, 2016 through April 13, 2016.

The Debtors relate that they are parties to approximately 1,500
unexpired leases, which include surface lease agreements, federal
oil and gas leases and certain other leases.  Many of the unexpired
leases are sources of revenue, act as accommodation agreements
between the Debtors and their business partners, and support the
Debtors' exploration and production businesses.  They add that many
of the unexpired leases are highly valuable assets of the Debtors'
estates and are integral to the continued operation of the Debtors'
business.

The Debtors tell the Court that pending their decision to assume or
reject each unexpired lease, they intend to perform all of their
undisputed obligations arising from and after the Petition Date, in
a timely fashion, to the extent required by section 365(d)(4) of
the Bankruptcy Code, including the payment of postpetition rent
obligations.  The Debtors further tell the Court that they continue
to negotiate an overall restructuring solution and believe it is
premature to assume, or reject, unexpired leases at this time.  The
Debtors relate that they have been working diligently to review and
analyze the unexpired leases in an effort to determine which leases
are burdensome to the estates.  They further relate that due to the
size and complexity of the Debtors' businesses and several
complicating developments since the Petition Date, including the
continuing decline in commodity prices, the Debtors require more
time to determine which unexpired leases are critical to
operations.

Samson Resources' attorneys:

          Domenic E. Pacitti, Esq.
          Michael W. Yurkewicz, Esq.
          KLEHR HARRISON HARVEY BRANZBURG LLP
          919 N. Market Street, Suite 1000
          Wilmington, DE 19801
          Telephone: (302)426-1189
          Facsimile: (302) 426-9193
          E-mail: dpacitti@klehr.com
                  myurkewicz@klehr.com

                 - and -

          Morton Branzburg, Esq.
          KLEHR HARRISON HARVEY BRANZBURG LLP
          1835 Market Street, Suite 1400
          Philadelphia, PA 19103
          Telephone: (215)569-2700
          Facsimile: (215)568-6603
          E-mail: mbranzburg@klehr.com

                 - and -

          Paul M. Basta, Esq.
          Edward O. Sassower, Esq.
          Joshua A. Sussberg, Esq.
          Ryan J. Dattilo, Esq.
          KIRKLAND & ELLIS LLP
          601 Lexington Avenue
          New York, NY 10022
          Telephone: (212)446-4800
          Facsimile: (212)446-4900
          E-mail: paul.basta@kirkland.com
                  edward.sassower@kirkland.com
                  joshua.sussberg@kirkland.com
                  ryan.dattilo@kirkland.com

                 - and -

          James H.M. Sprayregen, Esq.
          Ross M. Kwasteniet, Esq.
          Brad Weiland, Esq.
          KIRKLAND & ELLIS LLP
          300 North LaSalle
          Chicago, IL 60654
          Telephone: (312)862-2000
          Facsimile: (312)862-2200
          E-mail: james.sprayregen@kirkland.com   
                  ross.kwasteniet@kirkland.com
                  brad.weiland@kirkland.com

                About Samson Resources Corporation

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook signed the petition as executive vice president and
chief financial officer.  The Debtors estimated assets and
liabilities of more than $1 billion.

Samson is an onshore oil and gas exploration and production
company with interests in various oil and gas leases primarily
located in Colorado, Louisiana, North Dakota, Oklahoma, Texas, and
Wyoming.  The Operating Companies operate, or have royalty or
working interests in, approximately 8,700 oil and gas production
sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors'
investment banker.  Garden City Group, LLC serves as claims and
noticing agent to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.



SEANERGY MARITIME: To Effect a 1-for-5 Reverse Stock Split
----------------------------------------------------------
Seanergy Maritime Holdings Corp.'s Board of Directors has
determined to effect a 1-for-5 reverse split of the Company's
common stock.  At a special meeting of shareholders held on
Sept. 16, 2014, the Company's shareholders approved the reverse
stock split by a ratio of not less than 1-for-2 and not more than
1-for-15 and granted the Board the authority to determine the exact
split ratio and proceed with the reverse stock split.  The Board of
Directors approved the reverse stock split on Dec. 22, 2015.

The reverse stock split will be effective and the common stock will
begin trading on a split-adjusted basis on the NASDAQ Capital
Market at the opening of trading on Jan. 8, 2016.  When the reverse
stock split becomes effective, every five shares of the Company's
issued and outstanding common stock will be automatically combined
into one issued and outstanding share of common stock without any
change in the par value per share or the total number of authorized
shares.  This will reduce the number of outstanding shares of the
Company's common stock from 97,612,971 shares to approximately
19,522,594 shares.

No fractional shares will be issued in connection with the reverse
stock split.  Shareholders who would otherwise hold a fractional
share of the Company's common stock will receive a cash payment in
lieu of such fractional share.

Shareholders with shares held in book-entry form or through a bank,
broker, or other nominee are not required to take any action and
will see the impact of the reverse stock split reflected in their
accounts on or after Jan. 8, 2016.  Such beneficial holders may
contact their bank, broker, or nominee for more information.
Shareholders with shares held in certificated form will receive
instructions from the exchange agent, Continental Stock Transfer &
Trust Company, as to how to exchange existing share certificates
for new certificates representing the post-reverse split shares.

                           About Seanergy

Athens, Greece-based Seanergy Maritime Holdings Corp. is an
international company providing worldwide seaborne transportation
of dry bulk commodities.  The Company owns and operates a fleet
of seven dry bulk vessels that consists of three Handysize, two
Supramax and two Panamax vessels.  Its fleet carries a variety of
dry bulk commodities, including coal, iron ore, and grains, as
well as bauxite, phosphate, fertilizer and steel products.

Ernst & Young (Hellas) Certified Auditors-Accountants S.A., in
Athens, Greece, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that following the disposal of the Company's entire fleet in
early 2014 in the context of its restructuring plan, the Company
was unable to generate sufficient cash flow to meet its obligations
and sustain its continuing operations that raise substantial doubt
about the Company's ability to continue as a going concern.

The Company disclosed net income of $80.3 million on $2.01 million
of net vessel revenue for the year ended Dec. 31, 2014, compared
with net income of $10.9 million on $23.1 million of net vessel
revenue for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $19.6 million in total
assets, $10.2 million in total liabilities, and $9.42 million in
stockholders' equity.


SPANISH BROADCASTING: Closes Exchange of Stations in Puerto Rico
----------------------------------------------------------------
Spanish Broadcasting System, Inc., completed the exchange of three
of its radio stations in Puerto Rico, WIOA-FM, WZET-FM and WIOC-FM,
plus $1.9 million for three full power television stations in
Puerto Rico, WTCV-DT - Channel 32, WVEO-DT - Channel 17 and WVOZ-DT
- Channel 47, with International Broadcast Corp.  The transaction
will qualify as a like-kind exchange under Section 1031 of the
Internal Revenue Code.

The Company intends to file applications to participate in the
FCC's television spectrum incentive auction with all three of the
acquired licenses to monetize the potential excess value of the
station swap option and maximize the potential cash proceeds that
are expected to be created by the auction process.  As participants
in the FCC's television spectrum incentive auction the Company will
be subject to the FCC's anti-collusion rule, which prohibits
certain communications during a "quiet period."  The quiet period
will end when the FCC issues a public notice announcing the
completion of the reverse and the forward auctions, which will
likely be sometime in late 2016.  There can be no assurance that
the FCC's television spectrum incentive auction will be
successfully completed or any potential excess value and/or cash
proceeds will be subsequently realized.

                    About Spanish Broadcasting

Headquartered in Coconut Grove, Florida, Spanish Broadcasting
operates 21 radio stations targeting the Hispanic audience.  The
Company also owns and operates Mega TV, a television operation
with over-the-air, cable and satellite distribution and affiliates
throughout the U.S. and Puerto Rico.  Its revenue for the twelve
months ended Sept. 30, 2010, was approximately $140 million.

Spanish Broadcasting reported a net loss of $20.0 million on $146
million of net revenue for the year ended Dec. 31, 2014, compared
with a net loss of $88.6 million on $154 million of net revenue in
2013.

As of Sept. 30, 2015, the Company had $457 million in total assets,
$551 million in total liabilities and a total stockholders' deficit
of $94.0 million.

                           *     *     *

In November 2010, Moody's Investors Service upgraded the corporate
family and probability of default ratings for Spanish Broadcasting
System, Inc., to 'Caa1' from 'Caa3' based on improved free cash
flow prospects due to better than anticipated cost cutting and the
expiration of an unprofitable interest rate swap agreement.
Moody's said Spanish Broadcasting's 'Caa1' corporate family rating
incorporates its weak capital structure, operational pressure in
the still cyclically weak economic climate, generally narrow
growth prospects (though Spanish language is the strongest growth
prospect) given the maturity and competitive pressures in the
radio industry, and the June 2012 maturity of its term loan
magnify this challenge.

In July 2010, Standard & Poor's Ratings Services raised its
corporate credit rating on Miami, Fla.-based Spanish Broadcasting
System Inc. to 'B-' from 'CCC+', based on continued improvement in
the company's liquidity position.  The rating outlook is stable.
"The rating action reflects S&P's expectation that, despite very
high leverage, SBS will have adequate liquidity over the
intermediate term to meet debt maturities, potential swap
settlements, and operating needs until its term loan matures on
June 11, 2012," said Standard & Poor's credit analyst Michael
Altberg.


SPENDSMART NETWORKS: Has Going Concern Doubt Amid Recurring Losses
------------------------------------------------------------------
SpendSmart Networks, Inc., reported a net loss of $2,815,646 for
the three months ended September 30, 2015 as compared with a net
loss of $2,386,538 during the quarter ended September 30, 2014.

As of December 31, 2014, the company's audited consolidated
financial statements included an opinion containing an explanatory
paragraph as to the uncertainty of the company's ability to
continue as a going concern.  "The company has continued to incur
net losses through September 30, 2015 and has yet to establish
profitable operations," Alex Minicucci, chief executive officer,
and Bruce Neuschwander, chief financial officer of the company said
in regulatory filing with the U.S. Securities and Exchange
Commission on November 16, 2015.

"These factors among others create a substantial doubt about the
company's ability to continue as a going concern."

Messrs. Minicucci and Neuschwander added, "The company plans to
attempt to raise additional required capital through the sale of
unregistered shares of the company's preferred or common stock or
issuance of convertible debt with warrants.   All additional
amounts raised will be used for future investing and operating cash
flow needs.  However there can be no assurance that the company
will be successful in consummating such financing."
  
At September 30, 2015, the company had total assets of $8,526,222,
total liabilities of $4,481,826, and total stockholders' equity of
$4,044,396.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/juppjpm

SpendSmart Networks, Inc. is a national full-service mobile and
loyalty marketing agency that offers a way for small and large
businesses to better connect to their customers and generate sales.
The San Luis Obispo, California-based company does business under
the name, SMS Masterminds.


SPIRE CORP: Roger Little Quits as Director
------------------------------------------
Roger G. Little resigned from the Board of Directors of Spire
Corporation, effective Dec. 31, 2015, according to a Form 8-K
report filed with the Securities and Exchange Commission.

                       About Spire Corp

Bedford, Massachusetts-based Spire Corporation currently develops,
manufactures and markets customized turn-key solutions for the
solar industry, including individual pieces of manufacturing
equipment and full turn-key lines for cell and module production
and testing.

Spire Corporation reported a net loss of $8.52 million in 2013, as
compared with a net loss of $1.85 million in 2012.

McGladrey LLP, in Boston, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company incurred an operating loss from continuing operations
of $8.4 million and cash used in operating activities of
continuing operations was $5.2 million.  The Company's credit
agreement with a bank is due to expire on April 30, 2014.  These
factors raise substantial doubt about its ability to continue as a
going concern.


STONE ENERGY: Moody's Cuts CFR to B3, Outlook Negative
------------------------------------------------------
Moody's Investors Service downgraded Stone Energy Corporation's
Corporate Family Rating (CFR) to B3 from B2, Probability of Default
Rating (PDR) to B3-PD from B2- PD, senior unsecured notes to Caa1
from B3, and the Speculative Grade Liquidity (SGL) rating to SGL-4
from SGL-2. The rating outlook is negative.

"Low oil and natural gas prices will drive down Stone's earnings
and cash flows in 2016, sharply increasing financial leverage and
weakening liquidity," said Sajjad Alam, Moody's AVP-Analyst. "Stone
is facing a potential covenant breach in 2016 and a looming $300
million debt maturity in March 2017."

Issuer: Stone Energy Corporation

Downgrades:

-- Corporate Family Rating, Downgraded to B3 from B2

-- Probability of Default Rating, Downgraded to B3-PD from B2-PD

-- Senior Unsecured Regular Bond/Debenture, Downgraded to
    Caa1(LGD4) from B3 (LGD4)

-- Speculative Grade Liquidity Rating, Downgraded to SGL-4 from
    SGL-2

Outlook Actions:

-- Outlook, Changed To Negative From Stable

RATINGS RATIONALE

The B3 CFR reflects Stone's declining reserves, earnings and cash
flow tends, increasing financial leverage, cash flow concentration
in the Gulf of Mexico, and ongoing high reinvestment requirements
to maintain production. Despite the benefit of incremental
production from several new deepwater Gulf of Mexico wells in 2016,
the company's natural gas volumes in the Marcellus will remain
challenged due to weak regional price conditions. The B3 CFR also
reflects the anticipated weakness in Stone's liquidity in 2016.
Although management plans to spend less capital in 2016 and the
company had no drawings under its revolver as of November 2015, we
expect the revolver borrowing base to contract, covenant headroom
to fade and refinancing risk to take center stage in 2016. The B3
rating is supported by Stone's diversified operations, significant
liquids production (62% in Q3, 2015), low-risk growth potential and
greater scale compared to similarly rated peers.

Stone has a weak liquidity profile indicated by the SGL-4 rating.
The company has a $300 million convertible debt maturity in March
2017 and may need external financing if commodity prices remain
depressed. Despite having $481 million of availability under the
revolver today, there is a high likelihood that the company will
breach the 3.75x leverage covenant in 2016 and may not be able to
access the revolver. Stone had $50 million of cash at December 1,
2015 and has limited flexibility to reduce capex. Consequently, the
company is pursuing several alternatives to raise liquidity and
address the debt maturity. The secured revolver expires in July
2019 and the $775 million unsecured notes mature in November 2022.

The negative outlook reflects Stone's weak liquidity and negative
operating trends. The CFR could be downgraded if Stone is unable to
reduce its covenant violation and refinancing risks by mid-2016. If
Stone can successfully refinance the 2017 debt maturity, secure
significant headroom under its financial covenants and stabilize
its production profile, an upgrade could be considered. We would
also look for stable to improving industry conditions and commodity
prices for a positive rating action.

Stone Energy Corporation is a Lafayette, Louisiana based public E&P
company with primary producing assets in the deepwater and the
conventional shelf of the US Gulf of Mexico, and the Marcellus
Shale in northern Appalachia.



SUNCOR FONTANA: Court Issues Prelim. Injunction vs. Yang, et al.
----------------------------------------------------------------
The U.S. Securities and Exchange Commission and Defendants Robert
Yang, Claudia Kano, Suncor Fontana, LLC, Suncor Hesperia, LLC, and
Suncor Care Lynwood, LLC, entered into a stipulation agreeing to
the entry of an Order of Preliminary Injunction, Order Appointing
Receiver, Freezing Assets, and Providing for Other Ancillary
Relief.

In an Order dated December 11, 2015, which is available at
http://is.gd/Od3I5vfrom Leagle.com, Judge Stephen V. Wilson of the
United States District Court for the Central District of
California, Eastern Division, ruled that Robert Yang, Claudia Kano,
Suncor Fontana, LLC, Suncor Hesperia, LLC, and Suncor Care Lynwood,
LLC and their officers, directors, subsidiaries, affiliates,
agents, servants, employees, attorneys-in-fact, and those persons
in active concert or participation with them who receive actual
notice of this order by personal service or otherwise, and each of
them, are enjoined and restrained from:

   (1)directly or indirectly, in the offer or sale of any security
by the use of any means or instruments of transportation, or
communication in interstate commerce or by the use of the mails;

   (2) employing any device, scheme, or artifice to defraud; or

   (3) obtaining money or property by means of any untrue statement
of a material fact or any omission to state a material fact
necessary in order to make the statements made, in the light of the
circumstances under which they were made, not misleading; or

   (4) engaging in any transaction, practice, or course of business
that operates or would operate as a fraud or deceit upon the
purchaser in violation of Section 17(a) of the Securities Act of
1933,

   (5) making any untrue statement of a material fact or to omit to
state a material fact necessary in order to make the statements
made, in the light of the circumstances under which they were made,
not misleading; or

   (6) engaging in any act, practice, or course of business which
operates or would operate as a fraud or deceit upon any person in
violation of Section 10(b) of the Securities Exchange Act of 1934;
or

   (7) destroying, mutilating, concealing, altering, or disposing
of any document referring or relating in any manner to any
transactions described in the Complaint in this action, or to any
communications between or among any of the Defendants and/or Relief
Defendants;

Pending further order of the Court, the asset freeze imposed by
Section III of the Temporary Restraining Order, Order Freezing
Assets, and Providing for Other Ancillary Relief entered by the
Court on November 25, 2015, will continue in full force and effect,
and all funds and other assets will remain frozen.

The Court takes exclusive jurisdiction and possession of the
assets, of whatever kind and wherever situated, of the Suncor
Receivership Entities.

Stephen J. Donell is hereby appointed to serve without bond as
receiver for the estates of the Suncor Receivership Entities.

The case is SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v.
ROBERT YANG, CLAUDIA KANO, SUNCOR FONTANA, LLC, SUNCOR HESPERIA,
LLC, AND SUNCOR CARE LYNWOOD, LLC Defendants, AND YANROB'S MEDICAL,
INC., HEALTHPRO CAPITAL PARTNERS, LLC, AND SUNCOR CARE, INC.
Defendants,Case No. 5:15-cv-02387-SVW (KKx).

Securities and Exchange Commission, Plaintiff, represented by
Zachary T Carlyle, US Securities and Exchange Commission & David J
Van Havermaat, US Securities and Exchange Commission.

Robert Yang, Defendant, represented by Mark T Hiraide, Esq. --
mhiraide@phlcorplaw.com -- Petillon Hiraide LLP.

Claudia Kano, Defendant, represented by Mark T Hiraide, Petillon
Hiraide LLP.

Suncor Fontana, LLC, Defendant, represented by Mark T Hiraide,
Petillon Hiraide LLP.

Suncor Hesperia, LLC, Defendant, represented by Mark T Hiraide,
Petillon Hiraide LLP.

Suncor Care Lynwood, LLC, Defendant, represented by Mark T Hiraide,
Petillon Hiraide LLP.

Yanrob's Medical, Inc., Defendant, represented by Mark T Hiraide,
Petillon Hiraide LLP.

HealthPro Capital Partners, LLC, Defendant, represented by Mark T
Hiraide, Petillon Hiraide LLP.

Suncor Care, Inc., Defendant, represented by Mark T Hiraide,
Petillon Hiraide LLP.


SWIFT ENERGY: Gets Interim OK to Tap Part of $75M DIP Financing
---------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that a Delaware
bankruptcy judge on Jan. 5, 2016, allowed Swift Energy to tap $15
million of its $75 million stopgap financing package, kicking off a
case that hinges on whether the shale driller can refinance roughly
$300 million in debt tied to its undeveloped oil and gas assets.

During a hearing in Wilmington, U.S. Bankruptcy Judge Mary F.
Walrath said she had "no problems" with the proposed interim order
submitted to her that unlocked $15 million of the
debtor-in-possession loan.

                      About Swift Energy

Headquartered in Houston, Texas, Swift Energy Company is an
independent energy company engaged in the exploration,
development,
production and acquisition of oil and natural gas properties.  Its
primary assets and operations are focused in the Eagle Ford trend
of South Texas and the onshore and inland waters of Louisiana.

Swift Energy Company and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12669 to
15-12677) on Dec. 31, 2015.  The petitions were signed by Alton D.
Heckaman, Jr., the executive vice president and CFO.  Judge Mary
F.
Walrath has been assigned the cases.

The Debtors disclosed total assets of $1.02 billion and total debt
of $1.34 billion as of Sept. 30, 2015.

The Debtors engaged Jones Day as general counsel; Richards, Layton
& Finger, P.A., as local counsel; Lazard Freres & Co, LLC as
investment banker; Alvarez & Marsal North America LLC as financial
advisor; and Kurtzman Carson Consultants LLC as claims and
noticing
agent.


TECHPRECISION CORP: Loan & Notes Maturity Date Extended to Jan. 22
------------------------------------------------------------------
TechPrecision Corporation and its wholly owned subsidiary Ranor,
Inc. executed a Note and Other Loan Documents Modification
Agreement to the Term Loan and Security Agreement, dated Dec. 22,
2014, between Revere High Yield Fund, LP and Ranor.  Pursuant to
the Loan Agreement, the Lender loaned an aggregate of $2.25 million
to Ranor under two term loan notes.  Ranor's obligations under the
Loan Agreement and the Notes are guaranteed by the Company pursuant
to a Guaranty Agreement with the Lender.

The Modification Agreement extends the maturity date of the Loan
Agreement and the Notes from Dec. 31, 2015, to Jan. 22, 2016, and
provides that Ranor agrees to waive its right to extend the
maturity date of the Loan Agreement and the Notes by six months as
set forth in the Loan Agreement.  Other than the changes described
in the preceding sentence, all other terms and conditions of the
Loan Documents remain the same and in full force and effect.

                      About TechPrecision

TechPrecision Corporation (OTC BB: TPCSE), through its wholly owned
subsidiaries, Ranor, Inc., and Wuxi Critical Mechanical Components
Co., Ltd., globally manufactures large-scale, metal fabricated and
machined precision components and equipment.

TechPrecision reported a net loss of $3.58 million for the year
ended March 31, 2015, compared to a net loss of $7.09 million for
the year ended March 31, 2014.

As of Sept. 30, 2015, the Company had $10.58 million in total
assets, $9.79 million in total liabilities and $789,000 in total
stockholders' equity.

Marcum LLP, in Bala Cynwyd, Pennsylvania, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2015, citing that the Company has suffered
recurring losses from operations, and the Company's liquidity may
not be sufficient to meet its debt service requirements as they
come due over the next twelve months.  These circumstances raise
substantial doubt about the Company's ability to continue as a
going concern.


TEMPNOLOGY: Coolcore LLC Acquires All Assets
--------------------------------------------
Coolcore LLC, the global leader in thermoregulation fabrics, said
it acquired all assets and intellectual property from Tempnology.

"Today is an exciting day and new beginning for our
industry-leading material innovation company," stated Mark
Stebbins, the lead investor in Coolcore LLC.  "We're thrilled to
provide financial support that will propel Coolcore into its next
phase of growth."

Coolcore recently won the award for "Best Innovation – Sports and
Outdoor Apparel" for its patented line of cooling fabrics from the
ITMA Future Materials Awards. In addition to the award for "Best
Innovation," Coolcore was named a finalist in the "Groundbreaking
Partnership" category for its collaboration marketing launch
programs.

Coolcore fabric formulations have also earned the prestigious
"Innovative Technology" recognition from the Hohenstein Institute,
a first for a U.S. company, and the only company globally to be
awarded this recognition for "Cooling Power."  The award-winning
fabrics are supported by two current patents and several other
pending ones.

"Mark and his investment group have provided crucial support for
our growing company as we have established ourselves as a leader in
the marketplace," stated Kevin McCarthy, President and CEO of
Coolcore.   "The future at Coolcore is very bright with our recent
awards and patents and continuous development in the fast-growing
thermoregulation apparel category."

Coolcore has several partnerships with global consumer brands such
as Brooks, Cabelas, Disney, and LL Bean, to develop and
commercialize thermoregulation performance fabrics.  Additionally,
Coolcore distributes to several global distribution partners who
sell finished goods under the Coolcore and Dr. Cool brand names.

                          About Coolcore LLC

Coolcore, the global leader in thermoregulation fabrics, has
partnerships to develop fabrics for consumer brands throughout the
world. The patented, chemical-free Coolcore materials deliver three
distinct functions — wicking, moisture circulation and regulated
evaporation — going far beyond traditional moisture-management
textiles by managing thermoregulation and reducing surface fabric
temperature up to 30 percent lower than skin temp when moisture is
present.  Coolcore fabric formulations have earned the prestigious
"Innovative Technology" recognition from the Hohenstein Institute,
a first for a U.S. company, and the only company globally to be
awarded this recognition for "Cooling Power." Coolcore recently won
the award for "Best Innovation – Sports and Outdoor Apparel" for
its patented line of cooling fabrics from the ITMA Future Materials
Awards.

                       About Tempnology LLC

Tempnology LLC, doing business as Coolcore, sought Chapter 11
protection (Bankr. D.N.H Case No. 15-11400) in Manchester, New
Hampshire on Sept. 1, 2015.  The petition was signed by Kevin
McCarthy, CEO.

Judge Bruce A. Harwood presides over the case.

Tempnology tapped Christopher M. Desiderio, Esq. --
cdesiderio@nixonpeabody.com -- Nixon Peabody, LLC, Lee
Harrington, Esq. -- lharrington@nixonpeabody.com -- Nixon Peabody,
LLP, Daniel W. Sklar, Esq. -- dsklar@nixonpeabody.com -- Nixon
Peabody LLP, as counsel.  The Debtor also tapped Phoenix Capital
Partners as investment banker.

The Debtor disclosed $2.7 million in total assets and $6.2 million
and total debt.


THORNTON & CO: Case Converted to Ch. 7 Despite Debtor's Objection
-----------------------------------------------------------------
Judge Ann M. Nevins of the U.S. Bankruptcy Court for the District
of Connecticut ordered the conversion of Thornton & Co., Inc.'s
bankruptcy case from Chapter 11 to Chapter 7 after a request was
made by the United States Trustee for either the dismissal of the
case or the conversion of the case.

Thornton & Co. asserted that the U.S. Trustee cannot establish any
substantial or continuing loss to or diminution of the estate.  The
Debtor contended that People's United Bank, N.A.'s ("PUB") secured
claim exceeds the projected liquidation value of the estate, and
any substantive economic losses are being borne by PUB, not the
estate.  The Debtor further contended that since PUB has agreed to
fund the administration of the Chapter 11 case, there is no
economic loss to the estate, and therefore, no cause for conversion
or dismissal.

In a limited objection to the Motion, People's United Bank alleged
that if the Debtor's case immediately converts to a proceeding
under Chapter 7, the potential recovery on the Debtor's assets will
be significantly less than projected under an orderly
self-liquidation in Chapter 11.  PUB noted that it was for this
very reason that the Debtor withdrew its prior motion to sell
substantially all of its assets when it was apparent that the
Debtor's estate would similarly result in a diminished recovery for
the estate and all creditors.  PUB said that while it may support
conversion of the Debtor's case in the near future after the
liquidation of the Debtor's inventory, it opposes a conversion that
occurs prior to substantial liquidation of the Debtor's inventory.
PUB told the Court that due to further diminished recoveries for
all stakeholders, including the loss of potential Chapter 5
recoveries, it opposes the dismissal of the Debtor's case.

Thornton & Co. is represented by:

          Jeffrey M. Sklarz, Esq.
          Nicholas W. Quesenberry, Esq.
          GREEN & SKLARZ LLC
          700 State Street, Suite 100
          New Haven, CT 06511
          Telephone: (203)285-8545
          Facsimile: (203)823-4546
          E-mail: jsklarz@gs-lawfirm.com
                 nquesenberry@gs-lawfirm.com

People's United Bank is represented by:

          Scott D. Rosen, Esq.
          COHN BIRNBAUM & SHEA P.C.
          100 Pearl Street, 12th Floor
          Hartford, CT 06103
          Telephone: (860)493-2200
          Facsimile: (860)727-0361
          E-mail: srosen@cbshealaw.com

                - and -

          James C. Fox, Esq.
          Brendan C. Recupero, Esq.
          RUBERTO, ISRAEL & WEINER, P.C.
          255 State Street, 7th Floor
          Boston, MA 02109
          Telephone: (617)742-4200
          Facsimile: (617)742-2355
          E-mail: jcf@riw.com
                  bcr@riw.com

                    About Thornton & Co., Inc.

Thornton & Co., Inc., is an international distributor, trader and
wholesaler of plastic resins, providing a full offering of
polyethylene and polypropylene products. J. Paul Thornton, Jr.
founded TCI in 1994. As of Aug. 1, 2015, TCI had 20 employees,
consisting of 12 people at its Southington, Connecticut
headquarters, and 8 sales representatives who work in various
locations.

Thornton & Co. sought Chapter 11 protection (Bankr. D. Conn. Case
No. 15-21416) on Aug. 10, 2015, in Hartford, Connecticut.  Judge
Ann M. Nevins presides over the case.

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

The Debtor has tapped Green & Sklarz LLC as counsel, and Gordian
Group as financial advisor.


TROJE'S TRASH: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Troje's Trash Pick-Up, Inc.
        6101 S Concord Blvd.
        Inver Grove Heights, MN 55076

Case No.: 16-30037

Chapter 11 Petition Date: January 7, 2016

Court: United States Bankruptcy Court
       District of Minnesota (St Paul)

Judge: Hon. Kathleen H Sanberg

Debtor's Counsel: Steven B Nosek, Esq.
                  STEVEN B. NOSEK, P.A.
                  2855 Anthony Ln S, Ste 201
                  St Anthony, MN 55418
                  Tel: 612-335-9171
                  Email: snosek@noseklawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Dennis Troje, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mnb16-30037.pdf


UMASS MEMORIAL: Moody's Upgrades Revenue Bonds Rating From Ba1
--------------------------------------------------------------
Moody's Investors Service upgrades UMass Memorial Health Care
revenue bonds to Baa3 from Ba1. The rating action reflects
durability of financial turnaround with a second consecutive fiscal
year of positive operating performance, receipt of a portion of the
significantly delayed Supplemental Medicaid Funding, and
clarification of capital needs and future borrowing plans, with
manageable near-term additional debt planned. The rating action
impacts approximately $265 million of outstanding rated debt. The
rating also acknowledges the health system's large size, clinical
diversification, and close working relationship as the academic
medical center for the University of Massachusetts Medical School.
Key credit challenges include still modest operating margins, above
average Medicaid exposure, reliance on and delays in Supplemental
Medicaid Funding, and increased capital spending anticipated. The
installation and implementation of new electronic medical record
system during FY 2017 and FY 2018 represent execution risk.

Rating Outlook

The stable outlook reflects an expectation of continued positive
operations and maintenance of good liquidity during a capital
intensive period for the health system. Successful cost containment
and implementation of major information technology investments over
the next two years could contribute to longer-term positive rating
momentum.

Factors that Could Lead to an Upgrade

  -- Continued durability of improved operating performance
     and maintenance of good liquidity

  -- Successful implementation of new electronic medical
     record system including avoidance of project cost
     overruns, delays, or billing disruptions

  -- Reduced dependence on and volatility in timing of
     receipt of Medicaid Supplemental Funding

Factors that Could Lead to a Downgrade

  -- A return to weaker operating performance or
     protracted declines in patient volumes

  -- Significant reduction in Supplemental Medicaid
     Funding or extended delay in receipt of funding
     with resulting decline in liquidity

  -- Weakened headroom under debt covenants and projected
     covenant default

Legal Security

The obligated group includes UMass Memorial HealthCare Inc., UMass
Memorial Medical Center, UMass Memorial Health Ventures Inc., and
HealthAlliance Hospitals. Payments under the Loan and Trust
Agreement are joint and several unconditional obligations of the
obligated group members further secured by a pledge of gross
receipts. The Medical Center has granted a mortgage on certain
property to secure the rated bonds. At FYE 2015, the obligated
group represented over three quarters of the entire system's
revenue and close to 82% of system assets.

Use of Proceeds

Not applicable

Obligor Profile

UMass Memorial Health Care is a large diversified, multi-hospital
healthcare system serving central Massachusetts, with nearly 50,000
inpatient admissions, close to 1,000 licenced beds, and
approximately $2.2 billion of operating revenue in FY 2015. UMass
Memorial Medical Center, the academic medical center (AMC),
operates a 779-bed acute care hospital on three campuses in
Worcester, MA and reflects the 1998 merger of Memorial Health
System and University of Massachusetts Hospital System. The AMC is
affiliated with but legally separate from the University of
Massachusetts Medical School (University of Massachusetts is rated
Aa2/negative). The health system also includes the HealthAlliance
Hospitals in Fitchburg and Leominster, Clinton, and Marlborough
Hospitals as well as the physician practice group with
approximately 1,000 physicians.



UNIVERSITY GENERAL: Completes Asset Sale to Foundation HealthCare
-----------------------------------------------------------------
BankruptcyData reported that Foundation HealthCare announced
completion of its acquisition of substantially all of the assets of
University General Hospital in a $33 million transaction that
closed on Dec. 31, 2015.

Foundation purchased UGH for $33 million in the Court approved
sale.  Funding for the transaction was provided by a consortium of
banks led by Texas Capital Bank and equipment financing was
provided by First Financial Corporate Leasing, LLC.  

As previously announced, on Dec. 3, 2015, University General Health
System filed a Chapter 11 Plan of Liquidation with the Court,
noting, "The Debtors intend to close a sale of substantially all of
their assets on or before Dec. 31, 2015, and will have no business
operations after closing."

                     About University General

University General Health System, Inc., with headquarters in
Houston, Texas, was a multi-specialty health care provider that
delivered concierge physician- and patient-oriented services. UGHS
and its consolidated subsidiaries operate, amongst others, a
general acute care hospital, ambulatory surgical centers,
hyperbaric wound care centers, diagnostic imaging centers,
physical
therapy centers, and senior living centers.

UGHS owned the University General Hospital, a 72-bed, general
acute
care hospital in the heart of the Texas Medical Center in Houston,
Texas.

UGHS and its affiliated entities sought Chapter 11 protection
(Bankr. S.D. Tex. Lead Case No. 15-31086) in Houston, Texas, on
Feb. 27, 2015.  The case is assigned to Judge Letitia Z. Paul.

The Debtors tapped John F Higgins, IV, Esq., Aaron James Power,
Esq., and Joshua W. Wolfshohl, Esq., at Porter Hedges LLP, in
Houston, Texas, as counsel.  Upshot Services, LLC, is the claims
and noticing agent.

U.S. Trustee Judy A. Robbins formed a nine-member panel of
unsecured creditors in the Chapter 11 cases of the Debtors.


US AIRWAYS: Fitch Withdraws 'BB-' IDR Over Merger Completion
------------------------------------------------------------
Fitch Ratings is withdrawing the Issuer Default Ratings of US
Airways Group, Inc. and US Airways, Inc. following the completion
of their legal reorganization and merger with American Airlines.
Fitch previously rated both entities at 'BB-'.  The Rating Outlook
was Stable.

KEY RATING DRIVERS

Effective Dec. 30, 2015, US Airways Group merged with and into
American Airlines Group Inc. (AAG) with AAG continuing as the
surviving corporation.  Likewise, US Airways, Inc. merged with and
into American Airlines, Inc. with American continuing as the
surviving corporation.

AAG and American have assumed the debt obligations of US Airways
Group and US Airways, Inc. respectively.  The transaction has no
effect on the currently outstanding debt issue ratings.

Fitch completed a full credit review of AAG in December 2015. There
have been no material changes to the credit profile since that
time.

RATING SENSITIVITIES
N/A

FULL LIST OF RATING ACTIONS

Fitch has taken these rating actions:

US Airways Group, Inc.

   -- IDR affirmed at 'BB-' and withdrawn.

US Airways, Inc.

   -- IDR affirmed at 'BB-' and withdrawn.

Fitch currently rates American as:

American Airlines Group Inc.

   -- IDR 'BB-';
   -- Senior unsecured notes 'BB-/RR4' (including notes previously

      listed under US Airways Group, Inc.).

American Airlines, Inc.

   -- IDR 'BB-';
   -- Senior secured credit facilities 'BB+/RR1' (including credit

      facilities previously listed under US Airways, Inc.).



US STEEL CANADA: Parent Considers Liquidation of Troubled Unit
--------------------------------------------------------------
The Globe and Mail reported that United States Steel Corp., which
cut its ties with its Canadian unit last fall, says a liquidation
of the business should be considered.

According to the report, the Canadian company, now independent, but
operating in creditor protection under the umbrella of the
Companies' Creditors Arrangement Act as U.S. Steel Canada Inc.
(USSC), is seeking court approval of a sales process.

                  About U.S. Steel Canada, Inc.

U.S. Steel Canada's operations are located at Lake Erie Works, a
fully integrated steelmaking facility, and at Hamilton Works, home
to cokemaking and finishing operations including our premier
zinc-coating facility, the world-class Z-Line.  U. S. Steel Canada
has the capability of producing approximately 2.6 million tons of
steel annually and employs approximately 2,000 people.

U.S. Steel Canada commenced court-supervised restructuring
proceedings under the Companies' Creditors Arrangement Act, R.S.C.
1985, c. C-36, before the Ontario Superior Court of Justice
(Commercial List) on Sept. 16, 2014.  Ernst & Young Inc. has been
appointed by the CCAA court as monitor pursuant to an Initial CCAA
Order.


UTGR INC: Court Grants Insurers' Summary Judgment Bid in "Moulton"
------------------------------------------------------------------
Insurance Defendants Zurich American Insurance Company, American
International Group, Inc., National Union Fire Insurance Company of
Pittsburgh, PA, The Travelers Companies, Inc., St. Paul Fire and
Marine Insurance Company, Crum & Forster Holding Inc., and North
River Insurance Company, filed Motions for Summary Judgment on the
basis that the direct actions against the Insurance Defendants are
improper.

Alissa Moulton filed direct claims against the Insurance Defendants
under Section 27-7-2.4, "Direct action against insurer upon filing
for bankruptcy."

Moulton was a passenger in a vehicle operated by Alexander Arango.
Moulton, who was injured when Arango lost control of the vehicle,
is now paralyzed. In addition to naming Arango as a Defendant,
Moulton and her co-Plaintiff, Aiden Arango, are pursuing claims
against UTRG, Inc., d.b.a. Twin River; Twin River Management Group,
Inc., f.k.a. BLB Management Services, Inc.; Twin River Worldwide
Holdings, Inc., f.k.a. BLB Worldwide Holdings, Inc.; BLB Investors,
L.L.C.; and LME Enterprises, Inc., d.b.a. Royal Liquors, Inc.

Moulton argues that under Section 27-7-2.4, she is entitled to
pursue claims against Insurance Defendants, in addition to the Twin
River entities. Moulton posits that Insurance Defendants are
directly liable for her injuries as the insured, Twin River, was
undergoing a bankruptcy proceeding seeking a chapter 11
reorganization on the date of the accident.

Insurance Defendants, in support of their Motions for Summary
Judgment, contend otherwise. Zurich, AIG, NUFIC, Travelers, SPFMIC,
and North River assert that Section 27-7-2.4 is a substitution
statute, which does not permit Moulton to bring claims against both
an insurance provider and its insured as part of the same lawsuit.


In a Decision dated December 11, 2015, which is available at
http://is.gd/g3Yv40from Leagle.com, the Superior Court of Rhode
Island, Providence SC, granted the Insurance Defendants' Motions
for Summary Judgment.

There is no genuine issue of material fact exists, the Superior
Court ruled.  The only questions to be answered are questions of
law, concerning the proper interpretation of Section 27-7-2.4, and
whether or not this Court has an obligation to enforce an Order of
the U.S. Bankruptcy Court for the District of Rhode Island.  The
Rhode Island Supreme Court has interpreted Section 27-7-2.4 to
allow for the substitution of insured parties with insurance
providers when the insured either receives or may receive
protection from a bankruptcy proceeding.  The statute does not
permit the addition of the insurer in a suit where the insured has
already been named as a defendant and is subject to judgment, the
Superior Court further ruled.

The case is ALISSA MOULTON; AIDEN ARANGO P.P.A. ALISSA MOULTON,
MOTHER AND NEXT BEST FRIEND v. UTGR, INC., d.b.a. TWIN RIVER; TWIN
RIVER MANAGEMENT GROUP, INC.; TWIN RIVER WORLDWIDE HOLDINGS, INC.,
f.k.a. BLB WORLDWIDE HOLDINGS, INC.; BLB INVESTORS, L.L.C.; ZURICH
AMERICAN INSURANCE COMPANY; AMERICAN INTERNATIONAL GROUP, INC.;
NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA; THE
TRAVELERS COMPANIES, INC.; ST. PAUL FIRE AND MARINE INSURANCE
COMPANY; CRUM & FORSTER HOLDING INC.; NORTH RIVER INSURANCE
COMPANY; LME ENTERPRISES, INC., d.b.a. ROYAL LIQUORS, INC.;
ALEXANDER ARANGO, C.A. No. PC-2012-1477.

                        About UTGR Inc.

UTGR Inc. operated the Twin River racetrack-casino in Lincoln,
Rhode Island.  UTGR filed for Chapter 11 (Bankr. D. R.I. Case No.
09-12418) on June 23, 2009.  The Debtors selected Jager Smith P.C.
as counsel, and Winograd, Shine & Zacks P.C. as their co-counsel.
It also hired Zolfo Cooper LLC as bankruptcy consultants and
special financial advisors.  Donlin Recano served as claims and
notice agent.  In its bankruptcy petition, the Company estimated
assets of less than $500 million and debt exceeding $500 million.

UTGR implemented its reorganization plan on Nov. 5, 2010.  While
UTGR had obtained bankruptcy court confirmation of the Plan
in June 2010, it needed the state to adopt legislation to
implement the reorganization.

In October 2011, Judge Arthur Votolato of the U.S. Bankruptcy
Court
in Providence, Rhode Island, closed the Chapter 11 bankruptcy case
of the owners of Twin River citing "the futility of trying to
alter
or influence problematic conduct by imposing monetary sanctions
against persons or entities who would suffer little discomfort,
and
certainly no pain from such an order."


VERSO PAPER: Sells Androscoggin Power Business to Eagle Creek
-------------------------------------------------------------
Patrick Fitzgerald, writing for Dow Jones' Daily Bankruptcy Review,
reported that embattled paper maker Verso Corp., which in 2014
completed its $1.4 billion acquisition of competing paper giant
NewPage Holdings Inc., said on Jan. 7 it has sold a Maine
hydroelectric subsidiary to Eagle Creek Renewable Energy.

According to the report, the cash-strapped coated paper maker,
which has warned it may be forced to file for chapter 11 bankruptcy
protection, said Eagle Creek is paying $62 million for its Verso
Androscoggin Power business.  VAP owns four hydroelectric
generation facilities associated with Verso's Androscoggin pulp and
paper mill located in Jay, Maine, the report related.

                           About Verso

Verso is a North American producer of coated papers, including
coated groundwood and coated freesheet, and specialty products.
Verso is headquartered in Memphis, Tennessee, and owns three paper
mills located in Maine and Michigan.  Verso's paper products are
used primarily in media and marketing applications, including
magazines, catalogs and commercial printing applications such as
high-end advertising brochures, annual reports and direct-mail
advertising.  Additional information about Verso is available on
its Web site at http://www.versopaper.com/    

Verso Paper reported a net loss of $356 million on $1.29 billion
of net sales for the year ended Dec. 31, 2014, compared with a net
loss of $111 million on $1.38 billion of net sales in 2013.

As of Sept. 30, 2015, the Verso Holdings had $2.91 billion in
total
assets, $3.89 billion in total liabilities and a total deficit of
$974 million.

                       *     *     *

The Troubled Company Reporter, on Aug. 25, 2015, reported that
Moody's Investors Service says Verso Paper Holdings LLC's (B3,
stable) announcement that it will shut down a pulp dryer and
coated
paper machine and indefinitely idle a paper mill will further
strain the company's already weak liquidity position and adds
further uncertainty in the company's ability to achieve its
synergy
target.  However, the optimization of the remaining capacity at
the
Company's Androscoggin mill in Maine should led to a reduction
incosts with the elimination of fixed charges and high cost
peakpower consumption.

As reported by the TCR on July 3, 2015, Standard & Poor's Ratings
Services said it raised its corporate credit rating on Verso Paper
Holdings LLC and its parent Verso Paper Finance Holdings LLC to
'B-' from 'SD'.

The TCR reported on Jan. 16, 2015, that Moody's Investors Service
upgraded Verso Paper Holdings LLC's corporate family rating (CFR)
to B3 from Caa3 and changed the probability of default rating
(PDR) to B3-PD/LD from Caa3-PD.  Verso's B3 CFR primarily reflects
Moody's expectation that initial proforma leverage of about 9
times can be brought down to mid-6 times through synergy cost
savings and cost improvements following the acquisition of
NewPage,
despite a continuing structural decline in demand for coated paper.


VYCOR MEDICAL: Fountainhead Holds 49.9% Stake as of Dec. 31
-----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Fountainhead Capital Management Limited disclosed that
as of Dec. 31, 2015, it beneficially owns 6,464,484 shares of
common stock of Vycor Medical, Inc. representing 49.9 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/cKp3Rr

                      About Vycor Medical

Boca Raton, Fla.-based Vycor Medical, Inc. (OTC BB: VYCO)
-- http://www.VycorMedical.com/-- is a medical device company
committed to making neurological brain, spinal and other surgical
procedures safer and more effective.  The Company's flagship,
Patent Pending ViewSite(TM) Surgical Access Systems represent an
exciting new minimally invasive access and retraction system that
holds the potential for speedier, safer and more economical brain,
spinal and other surgeries and a quicker patient discharge.
Vycor's innovative medical instruments are designed to optimize
neurosurgical site access, reduce patient risk, accelerate
recovery, and add tangible value to the professional medical
community.

Vycor reported a net loss of $4.04 million in 2014, a net loss of
$2.44 million in 2013 and a net loss of $2.93 million in 2012.

As of Sept. 30, 2015, the Company had $2.38 million in total
assets, $867,046 in total liabilities, all current, and $1.51
million in total stockholders' equity.


WESTMORELAND COAL: DG Capital Reports 8.4% Stake as of Jan. 6
-------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, DG Capital Management, LLC and Dov Gertzulin disclosed
that as of Jan. 6, 2016, they beneficially own 1,522,260 shares of
common stock of Westmoreland Coal Company representing 8.4 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/k6GS2k

                      About Westmoreland Coal

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

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

As of Sept. 30, 2015, the Company had $1.72 billion in total
assets, $2.21 billion in total liabilities and a $489 million total
deficit.

                            *     *     *

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

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


WILLIAMS COMPANIES: Moody's Reinstates 'Ba1' Corp. Family Rating
----------------------------------------------------------------
Moody's Investors Service downgraded Williams Partners, LP's (WPZ)
senior unsecured ratings to Baa3 from Baa2 and the short term
rating to Prime-3 from Prime-2. Concurrently, Moody's downgraded
the senior unsecured ratings of WPZ's wholly owned pipeline
subsidiaries, Northwest Pipeline (Northwest) and Transcontinental
Gas Pipeline Company (Transco), to Baa2 from Baa1. The rating
outlooks on WPZ and its rated subsidiaries remain negative.
Additionally, Moody's downgraded Williams Companies, Inc.'s
(Williams) senior unsecured ratings to Ba1 from Baa3 and assigned a
Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default
Rating (PDR) and a SGL-3 Speculative Grade Liquidity (SGL) Rating.
The ratings of Williams remain on review for downgrade, pending the
completion of its acquisition by Energy Transfer Equity, LP (Ba2
positive).

"The downgrade of Williams, WPZ and the rated pipeline subsidiaries
reflects our expectation that the partnership's financial leverage
will not decline sufficiently to support its existing ratings as
WPZ contends with a more challenging operational environment," said
Pete Speer, Moody's Senior Vice President. "The negative outlook
highlights the risks to WPZ's forecasted improvements in financial
leverage posed by commodity price and customer volume headwinds to
its earnings growth and its rising cost of capital."

Downgrades:

Issuer: Northwest Pipeline GP

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Baa2
    from Baa1

-- Senior Unsecured Shelf, Downgraded to (P)Baa2 from (P)Baa1

Issuer: Transcontinental Gas Pipeline Company, LLC

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Baa2
    from Baa1

-- Senior Unsecured Shelf, Downgraded to (P)Baa2 from (P)Baa1

Issuer: Williams Companies, Inc. (The)

-- Multiple Seniority Shelf, Downgraded to (P)Ba1 from (P)Baa3;
    Placed Under Review for further Downgrade

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Ba1
    (LGD4) from Baa3; Placed Under Review for further Downgrade

-- Issuer: Williams Partners L.P.

-- Multiple Seniority Shelf (Local Currency) Feb 24, 2018,
    Downgraded to (P)Baa3 from (P)Baa2

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Baa3
    from Baa2

-- Senior Unsecured Commercial Paper, Downgrade to P-3 from P-2

Issuer: Williams Partners L.P. (Old)

-- Senior Unsecured Regular Bond/Debenture, Downgraded to Baa3
    from Baa2

Assignments:

Issuer: Williams Companies, Inc. (The)

-- Probability of Default Rating, Reinstated to Ba1-PD; Placed
    Under Review for further Downgrade

-- Speculative Grade Liquidity Rating, Reinstated to SGL-3

-- Corporate Family Rating, Reinstated to Ba1; Placed Under
    Review for further Downgrade

Outlook Actions:

Issuer: Northwest Pipeline GP

-- Outlook, Remains Negative

-- Issuer: Transcontinental Gas Pipeline Company, LLC

-- Outlook, Remains Negative

Issuer: Williams Partners L.P.

-- Outlook, Remains Negative

Issuer: Williams Companies, Inc. (The)

-- Outlook, Rating under Review

RATINGS RATIONALE

WPZ's Baa3 rating is supported by its rising cash flows coming from
organic growth capital projects that are supported by contractual
cash flows. This provides visibility for continued declines in
financial leverage in 2016, with Debt/EBITDA expected to decline
below 5x by the end of 2016. The Baa3 rating is also supported by
management's ability to defer and reduce capital spending, adjust
its distributions and thereby mitigate its financing requirements
to support WPZ's investment grade rating. WPZ owns a large and
geographically diversified asset base that is underpinned by the
stability of its regulated interstate pipeline operations and
largely fee based gathering and processing assets.

The negative outlook for WPZ and its rated pipeline subsidiaries
reflects the inherent volume risk in its gathering and processing
(G&P) assets and the stress faced by exploration and production
companies in this low commodity price environment. While a
substantial portion of its G&P business is supported by long-term
contracts that have minimum volume commitments or other contractual
terms to mitigate volume risks, WPZ has a high level of customer
concentration risk with Chesapeake Energy (B2 negative). These
challenges could cause earnings growth to fall below expectations
and result in higher financial leverage.

If WPZ can lower Debt/EBITDA below 5x and soundly increase its
distribution coverage above 1x then the outlook could be changed to
stable. WPZ's ratings could be downgraded if Debt/EBITDA remains
above 5x or if its distribution coverage stays below 1x. An upgrade
is unlikely in 2016 given the fundamental business challenges. In
order to be considered for an upgrade to Baa2, WPZ would have to
reduce its Debt/EBITDA towards 4x and increase its distribution
coverage above 1.2x absent a meaningful decrease in its direct
commodity risk or volume risk exposure.

Williams' Ba1 senior unsecured rating incorporates its control of
WPZ and access to much of the cash flows generated by the
partnership's asset base because of its ownership of the general
partner interest and about 58% of the limited partner interests in
WPZ. The rating also reflects the structural subordination of
Williams' creditors to the debt at WPZ and the limited amount of
unencumbered assets at the parent company. The Williams' rating is
only one notch below the WPZ rating because of the low proportion
of debt at Williams relative to the consolidated company and the
expectation that its leverage on a parent company only basis will
be kept relatively low.

Williams' ratings continue to remain on review for downgrade due to
the pending combination of Williams with lower rated Energy
Transfer Equity, L.P. (ETE). Moody's expects to equalize ETE's and
Williams' debt ratings post completion of the announced combination
as we expect Williams' and ETE's debt to be pari passu. Moody's
expects to conclude Williams' review for downgrade when the
transaction closes, which ETE expects to occur in the first half of
2016, and is subject to shareholder and regulatory approvals.

The senior unsecured ratings of WPZ's wholly owned pipeline
subsidiaries, Transco and Northwest, are Baa2, or one notch above
WPZ's rating, reflecting WPZ's controlling ownership and the
pipelines importance to the partnership's debt service and
distribution capacity. Both pipelines' ratings reflect the
regulated nature of their operations, their supply diversity and
growth potential. The pipelines also benefit from low standalone
financial leverage and strong interest coverage. However, their
ratings have been limited to one notch above WPZ's ratings to
reflect the partnerships dependence on their cash flows to support
its own debt service requirements and distributions. Given this
tight connection with WPZ, any downgrade or upgrade of WPZ is
likely to result in a commensurate downgrade or upgrade of Transco
and Northwest.

WPZ's Prime-3 rating reflects its Baa3 rating and our expectation
that the partnership will maintain adequate liquidity primarily
because of its $3.5 billion senior unsecured credit facility that
matures in February 2020 and provides for working capital needs and
short-term borrowing capacity to fund growth capital expenditures.
Like most MLPs, the partnership has historically relied on funding
its growth capital expenditures through a mix of equity and debt
capital markets issuances. WPZ has some flexibility to reduce its
capital expenditures and it can adjust distributions to reduce some
of its external funding requirements as capital markets conditions
warrant.

Williams SGL-3 rating reflects its adequate parent company
liquidity primarily based on its $1.5 billion committed revolving
credit facility. While the company has some capital expenditures to
fund related to its wholly-owned Canadian operations, Moody's
expects Williams to maintain substantial available borrowing
capacity to manage its liquidity needs and that the company will
modify its dividends in line with any potential changes in
distributions at WPZ.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.

Williams, is headquartered in Tulsa, Oklahoma and through its
subsidiaries is primarily engaged in the gathering, processing and
interstate transportation of natural gas. Currently, Williams owns
the GP interest and a substantial portion of the LP interests in
WPZ, a publicly traded midstream energy master limited partnership
(MLP). Northwest Pipeline and Transcontinental Gas Pipeline Company
are major interstate natural gas pipelines that are wholly owned
subsidiaries of WPZ.


YELLOWSTONE MOUNTAIN: Forner Owner Jailed for Civil Contempt
------------------------------------------------------------
Associated Press and Mail Online reported that Tim Blixseth was
taken away in handcuffs after a federal judge ordered the onetime
billionaire jailed until he accounts for millions of dollars he
owes his creditors.

Mr. Blixseth's lawyers said they were uncertain how long it would
take for them to come up with the answers sought by the court,
meaning he could remain in jail for some time.

The reported stated that the incarceration of the 64-year-old
Blixseth marks a dramatic turn in his six-year legal struggle
against accusations that he illegally drained more than $200
million from Montana's Yellowstone Club, the ultra-luxury resort
that Mr. Blixseth created with his former wife near Yellowstone
National Park.

Before he was taken into custody, Mr. Blixseth spent more than two
hours on the witness stand trying to explain what happened to a
just a fraction of that money -- $13.8 million in proceeds from the
sale of another property that he owned in Mexico.  U.S. District
Judge Sam Haddon said Mr. Blixseth had offered no proof to back up
claims that he spent all the money.

Attorneys for his creditors had asked in recent court filings for
Mr. Blixseth to be jailed.  That came after they had been
repeatedly stonewalled by Mr. Blixseth on the issue for more than a
year, obtaining only 'bits and pieces' of what happened to the
money from the Mexico property, according to Charles Hingle, an
attorney for the Yellowstone Club Liquidating Trust, which
represents the Yellowstone Club's creditors.

              About Yellowstone Mountain Club

Located near Big Sky, Montana, Yellowstone Mountain Club LLC --
http://www.theyellowstoneclub.com/-- is a private golf and ski    

community with more than 350 members, including Bill Gates and Dan
Quayle.  The Company was founded in 1999.

Yellowstone Club and its affiliates filed for Chapter 11
bankruptcy (Bankr. D. Montana, Case No. 08-61570) on Nov. 10,
2008.  The Company's owner affiliate, Edra D. Blixseth, filed
a separate Chapter 11 petition on March 27, 2009 (Case No.
09-60452).

Attorneys at Bullivant Houser Bailey PC and Bekkedahl & Green
PLLC represented Yellowstone.  The Debtors hired FTI Consulting
Inc. and Ronald Greenspan as CRO.  The official committee of
unsecured creditors were represented by Parsons, Behle and
Latimer; and James H. Cossitt, Esq., as counsel.  Credit Suisse,
the prepetition first lien lender, was represented by Skadden,
Arps, Slate, Meagher & Flom.

In June 2009, the Bankruptcy Court entered an order confirming
Yellowstone's Chapter 11 Plan.  Pursuant to the Plan, CrossHarbor
Capital Partners LLC acquired equity ownership in the reorganized
Club for $115 million.

Marc S. Kirschner, Esq., was appointed the Trustee of the
Yellowstone Club Liquidating Trust created under the Plan.


YOSEN GROUP: Posts Net Loss in Q3 of 2015, Has Going Concern Doubt
------------------------------------------------------------------
Yosen Group, Inc.'s net loss was $90,467 for the three months ended
September 30, 2015 compared with a net loss of $436,455 for the
three months ended September 30, 2014.  Net loss for the three
months ended September 30, 2015 increased due to the decreased loss
from discontinued operations, explained Zhenggang Wang, chief
executive officer and chairman, and Weiping Wang, chief financial
officer of the company in a regulatory filing with the U.S.
Securities and Exchange Commission on November 14, 2015.

The company realized net loss of $(387,751) for the nine months
ended September 30, 2015.  The company had accumulated deficit of
$48,792,218 as of September 30, 2015.  "There can be no assurance
that the company will become profitable or that it will survive as
a public company," the officers pointed out.

"These issues raise substantial doubt regarding the Company’s
ability to continue as a going concern."

The officers told the SEC, "Starting from 2011, we closed most of
our stores in stores locations and laid off most of our employees.
We retained highly qualified personnel and a small number of stores
with stable revenues.  As a result, we significantly cut our
operating expenses and our losses are decreasing over time.  We are
now concentrating on improving our product mix, upgrading the
stores that are currently open and strengthening cooperation with
China Telecom, China Unicom and other large state-owned operators
to develop new businesses."

At September 30, 2015, the company had total assets of $2,904,259,
total liabilities of $4,419,375, and total stockholders' deficit of
$1,515,116.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/hrb8bha

Yosen Group, Inc., through its corporate headquarters in Zhejiang,
China and its U.S. subsidiary, aims to build cross-border sales
channels for bringing the world's best consumer products to China,
and at the same time, introducing China's most competitive products
to the overseas markets.  The company is China Commodity City
Group's exclusive partner in the Greater New York area.


ZOHAR CDO 2003-1: Court to Test Motives in Bankruptcy Fight
-----------------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that bankruptcy court action that threatens to disturb the
multitrillion-dollar debt-investing market advanced in New York,
when a judge called for evidence on why Lynn Tilton broke a promise
to investors by resorting to bankruptcy for a debt fund linked to
her businesses.

According to the report, on Jan. 6, Judge Robert Drain said Ms.
Tilton and her Patriarch Partners firm breached a contract
involving Zohar-I, an investment vehicle that channels money to her
distressed debt empire.  The breach came in November, when she
pushed the collateralized loan obligation, or CLO, fund into an
involuntary chapter 11 proceeding, the report said.

                      About Zohar CDO 2003-1

Patriarch Partners XV, LLC filed involuntary Chapter 11 bankruptcy
petitions against Zohar CDO 2003-1, Corp., Zohar CDO 2003-1,
Limited and Zohar CDO 2003-1, LLC (Bankr. S.D.N.Y. Case Nos.
15-23681 to 15-23682) on Nov. 22, 2015.

Patriarch's restructuring counsel is Skadden, Arps, Slate, Meagher
& Flom LLP and its financial advisor is Moelis & Co.


ZOHAR CDO 2003-1: Lynn Tilton Fight With MBIA Goes On
-----------------------------------------------------
Tiffany Kary and Phil Milford, writing for Bloomberg Brief -
Distress & Bankruptcy, reported that an investment vehicle created
by self-styled turnaround queen Lynn Tilton will get a full federal
court hearing on a bankruptcy petition that could affect $800
million in debt insured by MBIA Inc. and disrupt the market in
structured investment products.

According to the report, U.S. Bankruptcy Judge Robert Drain in
White Plains, New York, said he wants to hold an evidentiary
hearing in about two weeks over the petition, filed by Tilton's
Patriarch Partners LLC.  The petition would force the vehicle,
Zohar I, into bankruptcy, the report said.

Judge Drain said he wants to determine if a reorganization plan for
Zohar, made up of loans to distressed companies, would serve a
valid legal purpose or become "a pig in a poke," the Bloomberg
report related.  "Trillions are at stake," with "industrywide
implications," Rick Antonoff, a lawyer for Zohar, told the judge in
arguing against the petition, the Bloomberg report further
related.

Whether or not the case is quite that momentous, it could upset the
market in collateralized loan obligations, or CLOs, securities
backed by underlying corporate loans, Bloomberg said.  A forced
bankruptcy of Zohar, a CLO, could change the way investors think
about the safety of those investments, said Steven Kolyer, a
partner in the New York office of Clifford Chance US LLP who
specializes in structured finance, the report noted.

                      About Zohar CDO 2003-1

Patriarch Partners XV, LLC filed involuntary Chapter 11 bankruptcy
petitions against Zohar CDO 2003-1, Corp., Zohar CDO 2003-1,
Limited and Zohar CDO 2003-1, LLC (Bankr. S.D.N.Y. Case Nos.
15-23681 to 15-23682) on Nov. 22, 2015.

Patriarch's restructuring counsel is Skadden, Arps, Slate, Meagher
& Flom LLP and its financial advisor is Moelis & Co.


ZYNEX INC: Limited Liquidity, et al., Raise Going Concern Doubt
---------------------------------------------------------------
Zynex, Inc., incurred a net loss of $322,000 for the three months
ended September 30, 2015, compared with a net income of $258,000
for the quarter ended September 30, 2014.  For the nine months
ended September 30, 2015, the company reported a net loss of
$1,711,000 and for the years ended December 31, 2014 and 2013, the
company reported net losses of $6,199,000 and $7,301,000
respectively.  

Further, as of September 30, 2015 the company had no available
borrowing under its line of credit although, based on an interim
agreement with the bank, the lender continues to make additional
loans to the company based on the company's cash collections.
Furthermore, the company's working capital deficit of $(2,352,000)
at December 31, 2014, had increased to a working capital deficit of
$(3,674,000) at September 30, 2015.

"These losses, limited liquidity and increasing working capital
deficit raise substantial doubt about the company's ability to
continue as a going concern," according to Thomas Sandgaard,
president, chief executive officer, principal executive officer,
chief financial officer, and principal financial officer of the
company, in a regulatory filing with the U.S. Securities and
Exchange Commission on November 17, 2015.  

Mr. Sandgaard elaborated: "The company developed its operating
plans for 2015 to emphasize revenue growth and cash flow.  In 2015,
management planned to focus its attention on increasing the number
of sales representatives, promoting its EZ Prescription order
program and continued improvements to its billing organization and
processes.  Net revenues are comprised of sales and rental
billings, reduced by estimated insurance company or governmental
agency (collectively Third-party Payors) reimbursement deductions
and a reserve / allowance for uncollectible accounts.  Total net
revenue for the nine months ended September 30, 2015, was
$8,923,000 compared to $8,921,000 for the nine months ended
September 30, 2014.  The company has significantly reduced costs of
operations year over year to a level that more appropriate with
revenue and cash collections.  The company has and will continue to
monitor and control costs going forward.  If the company continues
to control costs and increases its revenue, the company may return
to profitability in future years.  There can be no assurance that
the company will be able to increase revenue and profitability.  In
addition, the company must address with its liquidity issues and
bank financing; of which there can be no assurance that the company
will be able to do so.

"The company believes that as a result of the restructuring
activities over the past two years, the company's cash flows from
operating activities will be sufficient to fund the company's cash
requirements through the next twelve months.  However, there is no
guarantee that the company will be able to meet the requirements of
its 2015 financial plan.  The company is not in compliance with the
financial covenants under the terms of its line of credit with
Triumph Healthcare Finance (the Lender).  In July 2014, the Lender
notified the company that it would no longer make additional loans
under the credit agreement and that it was exercising its default
remedies under the credit agreement, including, among others,
accelerating the repayment of all outstanding obligations under the
credit agreement and collecting the company's bank deposits to
apply towards the outstanding obligations.  The Lender agreed to
forbear from the exercise of its rights and remedies under the
terms of the credit agreement through December 31, 2015 and
continues to make additional loans to the company based on the
company's cash collections.  As of November 13, 2015, the company
had $4,261,000 of outstanding borrowings under the credit
agreement.  The company and the Lender continue to negotiate the
terms of an accelerated repayment of the amounts outstanding under
the credit agreement and continued extension of the forbearance
agreement.  However, no assurance can be given that the Lender will
continue to make such additional loans, or that the parties will
agree on a repayment plan acceptable to the company.

"The company's business plan for the balance of 2015 and 2016
focuses on the company's effort to accomplish organic growth in
revenues and cash flow, through increasing the number of sales
representatives, using its EZ Prescription order program and
continued improvements to its billing organization and processes.
The company's long-term business plan contemplates organic growth
in revenues through the addition of new products such as the ZMS
Blood Volume Monitor that could contribute additional revenue for
the company.  Management believes that its cash flow projections
for the remainder of 2015 are achievable and that sufficient cash
will be generated to meet the company's currently restrained
operating requirements for the remainder of 2015, assuming that the
Lender continues to make additional loans and the vendors continue
to work with company on the slow payment of past due bills.
However, there is no guarantee that the company will be able to
meet the requirements of its 2015 cash flow projection or will be
able to address its working capital shortages which increased
during the nine months ended September 30, 2015 (a negative $3.7
million) as compared to December 31, 2014 (a negative $2.4
million).  A principal component of our negative working capital is
our line of credit and past due accounts payable which are
considered a current liability in their entirety.

"The company is actively seeking external financing through the
issuance of debt or sale of equity, and the company is not certain
whether any such financing would be available to the company on
acceptable terms, or at all.  The net losses and negative working
capital may make it difficult to raise any new capital.  In
addition, any additional debt would require the approval of the
Lender.  The company's dependence on operating cash flow means that
risks involved in the company's business can significantly affect
the company's liquidity.  Contingencies such as unanticipated
shortfalls in revenues or increases in expenses could affect the
company's projected revenues, cash flows from operations and
liquidity, which may force the company to curtail its operating
plan or impede the company's ability to grow."

At September 30, 2015, the company had total assets of $4,980,000,
total liabilities of $7,909,000, and total stockholders' deficit of
$2,929,000.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/zlcw594

Zynex, Inc. (OTCQB: ZYXI) specializes in the production and sale of
non-invasive medical devices for pain management, stroke
rehabilitation, neurodiagnostic equipment, cardiac and blood volume
monitoring.  The company maintains its headquarters in Lone Tree,
Colorado.


[*] Joseph G. Rosania Appointed to D. Colorado Bankruptcy Bench
---------------------------------------------------------------
Aebra Coe at Bankruptcy Law360 reported that an attorney with more
than 30 years of experience in bankruptcy law and a long record as
a Chapter 7 trustee has been appointed to the bankruptcy bench for
the District of Colorado.

According to the press release issued by Tenth Circuit Executive
David Tighe, Judge Joseph G. Rosania's first day on the bench was
Dec. 4.  Judge Rosania was appointed to the bench by the circuit
court and will serve a 14-year term.


[*] Snell & Wilmer Says Racketeering Suit Is Still Deficient
------------------------------------------------------------
Dani Meyer at Bankruptcy Law360 reported that a suit -- previously
dismissed as "mostly incoherent" -- accusing Snell & Wilmer LLP of
conspiring to bankrupt a payment terminal company is still
deficient and must be permanently tossed, the firm told a Florida
federal court Jan. 4, 2016.

Edward Mandel and his company, Vibe Micro Inc., were given 10 days
to make changes to their Racketeer Influenced and Corrupt
Organizations Act suit accusing Snell & Wilmer and Mandel's former
business partners of conspiring to put 8 Speed8 Inc. into a
bad-faith bankruptcy.

                          About 8 Speed8

8 Speed8, Inc., a Las Vegas, Nevada-based payment terminal company,
was subject to an involuntary Chapter 7 petition (Bankr. D. Nev.
Case No. 13-20371) filed by SIG Capital Inc. on Dec. 13, 2013.
Judge Laurel E. Davis was assigned to the case.  The case was
terminated

SIG Capital is represented by:

         Robert R. Kinas
         SNELL & WILMER LLP
         3883 Howard Hughes Parkway #1100
         Las Vegas, NV 89169
         Tel: (702)784-5200
         Fax: (702)784-5252
         E-mail: rkinas@swlaw.com

               - and -

         Eric S. Pezold
         SNELL & WILMER LLP
         600 Anton Blvd, Ste 1400
         Costa Mesa, CA 92626
         Tel: (714) 427-7000
         E-mail: epezold@swlaw.com

               - and -

         David A. Stephens
         STEPHENS GOURLEY & BYWATER
         3636 N. RANCHO DR.
         LAS VEGAS, NV 89130
         Tel: (702) 656-2355
         Fax : (702) 656-2776
         E-mail: dstephens@sgblawfirm.com

The Debtor is represented by:

         John J. Laxague
         CANE CLARK LLP
         3273 E. WARM SPRINGS RD.
         LAS VEGAS, NV 89120
         Tel: (702) 312-6255
         Fax: (702) 944-7100
         E-mail: jlaxague@caneclark.com
         (terminated June 23, 2014)

               - and -

         Kirk Nevada Walker
         BAUMAN LOEWE WITT & MAXWELL, PLLC
         411 E. Bonneville Ave., Ste. 100
         Las Vegas, NV 89101
         Tel: (702) 462-6300
         Fax: (702) 462-6303
         E-mail: kwalker@blwmlawfirm.com


[*] Weltman Weinberg Taps Casey Hicks as New OMA in Chicago
-----------------------------------------------------------
Weltman, Weinberrg & Reis Co., LPA, appointed Casey Hicks as the
new Office Managing Attorney (OMA) in Chicago.  Ms. Hicks will
continue her practice in real estate, bankruptcy and legal
collections while concentrating on growing the firm's presence in
the Chicago market.

Ms. Hicks has a decade of experience handling bankruptcy,
collection, eviction, housing court and foreclosure matters. She
earned her B.A. in political science and law & society from Purdue
University in 2003 and her J.D. from The John Marshall Law School
in 2006.  A member of the Illinois State Bar Association and the
American Bankruptcy Institute, Casey is licensed in Illinois and
admitted to practice before the U.S. District Court for the
Northern District of Illinois.

The Chicago office was established in 2004 and caters to clients in
need of assistance with asset recovery, minimizing losses in
bankruptcy, as well as recovery of debt, receivables and real
property.

  Casey can be reached at:

         E-mail:  chicks@weltman.com
         Tel. No: (312) 253-9620

           About Weltman, Weinberg & Reis Co., LPA

For more than 85 years, Weltman, Weinberg & Reis Co., LPA has
provided comprehensive creditor representation and legal services
to clients.  Thier approach integrates the filing of legal action
with our recovery activity anywhere a debtor or debtor's assets may
be located.  They coordinate the handling of files personally
throughout our footprint states of Florida, Illinois, Indiana,
Kentucky, Michigan, New Jersey, Ohio and Pennsylvania, or through
our national network of attorneys.


[^] BOND PRICING: For the Week from January 4 to 8, 2016
--------------------------------------------------------
  Company                   Ticker  Coupon Bid Price   Maturity
  -------                   ------  ------ ---------   --------
99 Cents Only Stores LLC    NDN     11.000    42.250 12/15/2019
A. M. Castle & Co           CAS     12.750    73.900 12/15/2016
A. M. Castle & Co           CAS      7.000    39.000 12/15/2017
A. M. Castle & Co           CAS     12.750    70.125 12/15/2016
A. M. Castle & Co           CAS     12.750    70.125 12/15/2016
ACE Cash Express Inc        AACE    11.000    48.500   2/1/2019
ACE Cash Express Inc        AACE    11.000    33.000   2/1/2019
Affinion Investments LLC    AFFINI  13.500    65.875  8/15/2018
Alpha Appalachia
  Holdings Inc              ANR      3.250     3.000   8/1/2015
Alpha Natural
  Resources Inc             ANR      6.000     0.270   6/1/2019
Alpha Natural
  Resources Inc             ANR      6.250     0.191   6/1/2021
Alpha Natural
  Resources Inc             ANR      7.500     1.000   8/1/2020
Alpha Natural
  Resources Inc             ANR      3.750     0.500 12/15/2017
Alpha Natural
  Resources Inc             ANR      7.500     0.869   8/1/2020
Alpha Natural
  Resources Inc             ANR      7.500     0.869   8/1/2020
Alta Mesa Holdings LP /
  Alta Mesa Finance
  Services Corp             ALTMES   9.625    36.869 10/15/2018
American Eagle Energy Corp  AMZG    11.000     7.250   9/1/2019
American Eagle Energy Corp  AMZG    11.000     5.250   9/1/2019
Appvion Inc                 APPPAP   9.000    38.000   6/1/2020
Appvion Inc                 APPPAP   9.000    38.250   6/1/2020
Arch Coal Inc               ACI      7.250     0.750  6/15/2021
Arch Coal Inc               ACI      7.250     0.750  10/1/2020
Arch Coal Inc               ACI      9.875     0.300  6/15/2019
Arch Coal Inc               ACI      8.000     4.825  1/15/2019
Arch Coal Inc               ACI      8.000     5.030  1/15/2019
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp              ARP      7.750    18.000  1/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp              ARP      9.250    19.900  8/15/2021
Avaya Inc                   AVYA    10.500    34.313   3/1/2021
Avaya Inc                   AVYA    10.500    34.000   3/1/2021
BPZ Resources Inc           BPZR     8.500     4.000  10/1/2017
BPZ Resources Inc           BPZR     6.500     5.250   3/1/2015
BPZ Resources Inc           BPZR     6.500     5.500   3/1/2049
Basic Energy Services Inc   BAS      7.750    31.100  2/15/2019
Berry Petroleum Co LLC      LINE     6.750    25.579  11/1/2020
Black Elk Energy Offshore
  Operations LLC /
  Black Elk Finance Corp    BLELK   13.750     5.770  12/1/2015
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp    BBEP     8.625    18.000 10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp    BBEP     7.875    19.000  4/15/2022
CBS Corp                    CBS      7.625    98.542  1/15/2016
Caesars Entertainment
  Operating Co Inc          CZR     10.000    31.000 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      6.500    32.000   6/1/2016
Caesars Entertainment
  Operating Co Inc          CZR     12.750    32.000  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR     10.000    30.500 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      5.750    43.000  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR     10.000    30.375 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      5.750    12.250  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR     10.000    30.375 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR     10.000    30.375 12/15/2018
Chaparral Energy Inc        CHAPAR   8.250    25.206   9/1/2021
Chaparral Energy Inc        CHAPAR   9.875    27.500  10/1/2020
Chassix Holdings Inc        CHASSX  10.000     8.000 12/15/2018
Chassix Holdings Inc        CHASSX  10.000     8.000 12/15/2018
Chesapeake Energy Corp      CHK      6.500    56.050  8/15/2017
Chesapeake Energy Corp      CHK      7.250    48.000 12/15/2018
Chesapeake Energy Corp      CHK      3.571    36.000  4/15/2019
Chesapeake Energy Corp      CHK      2.500    50.500  5/15/2037
Chesapeake Energy Corp      CHK      2.250    39.000 12/15/2038
Chesapeake Energy Corp      CHK      2.500    53.250  5/15/2037
Chesapeake Energy Corp      CHK      2.750     6.000 11/15/2035
Claire's Stores Inc         CLE      8.875    24.400  3/15/2019
Claire's Stores Inc         CLE      7.750    14.875   6/1/2020
Claire's Stores Inc         CLE     10.500    50.000   6/1/2017
Claire's Stores Inc         CLE      7.750    17.500   6/1/2020
Cliffs Natural
  Resources Inc             CLF      5.950    25.497  1/15/2018
Cliffs Natural
  Resources Inc             CLF      4.875    16.500   4/1/2021
Cliffs Natural
  Resources Inc             CLF      5.900    18.761  3/15/2020
Cliffs Natural
  Resources Inc             CLF      4.800    16.550  10/1/2020
Cliffs Natural
  Resources Inc             CLF      6.250    16.000  10/1/2040
Cliffs Natural
  Resources Inc             CLF      7.750    26.750  3/31/2020
Cliffs Natural
  Resources Inc             CLF      7.750    26.250  3/31/2020
Colt Defense LLC /
  Colt Finance Corp         CLTDEF   8.750     4.280 11/15/2017
Colt Defense LLC /
  Colt Finance Corp         CLTDEF   8.750     1.109 11/15/2017
Colt Defense LLC /
  Colt Finance Corp         CLTDEF   8.750     1.109 11/15/2017
Community Choice
  Financial Inc             CCFI    10.750    32.750   5/1/2019
Comstock Resources Inc      CRK      7.750    18.000   4/1/2019
Comstock Resources Inc      CRK      9.500    17.000  6/15/2020
Constellation
  Enterprises LLC           CONENT  10.625    63.250   2/1/2016
Constellation
  Enterprises LLC           CONENT  10.625    63.125   2/1/2016
Cumulus Media Holdings Inc  CMLS     7.750    37.500   5/1/2019
DR Horton Inc               DHI      5.625    99.636  1/15/2016
EPL Oil & Gas Inc           EXXI     8.250    26.450  2/15/2018
EXCO Resources Inc          XCO      7.500    31.000  9/15/2018
EXCO Resources Inc          XCO      8.500    22.100  4/15/2022
Eagle Rock Energy
  Partners LP /
  Eagle Rock
  Energy Finance Corp       EROC     8.375    29.874   6/1/2019
Emerald Oil Inc             EOX      2.000    35.500   4/1/2019
Endeavour
  International Corp        END     12.000     1.000   3/1/2018
Endeavour
  International Corp        END     12.000     1.013   3/1/2018
Endeavour
  International Corp        END     12.000     1.013   3/1/2018
Energy & Exploration
  Partners Inc              ENEXPR   8.000     4.071   7/1/2019
Energy & Exploration
  Partners Inc              ENEXPR   8.000     4.071   7/1/2019
Energy Conversion
  Devices Inc               ENER     3.000     7.875  6/15/2013
Energy Future
  Holdings Corp             TXU      9.750    36.000 10/15/2019
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc               TXU     10.000     3.250  12/1/2020
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc               TXU     10.000     3.125  12/1/2020
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc               TXU      6.875     2.827  8/15/2017
Energy XXI Gulf Coast Inc   EXXI    11.000    35.000  3/15/2020
Energy XXI Gulf Coast Inc   EXXI     9.250    28.500 12/15/2017
Energy XXI Gulf Coast Inc   EXXI     7.750    11.300  6/15/2019
Energy XXI Gulf Coast Inc   EXXI     7.500    12.000 12/15/2021
Energy XXI Gulf Coast Inc   EXXI     6.875    15.000  3/15/2024
FBOP Corp                   FBOPCP  10.000     1.843  1/15/2009
FairPoint
  Communications Inc/Old    FRP     13.125     1.879   4/2/2018
Fleetwood Enterprises Inc   FLTW    14.000     3.557 12/15/2011
Forbes Energy Services Ltd  FES      9.000    46.300  6/15/2019
GT Advanced
  Technologies Inc          GTAT     3.000     0.069  10/1/2017
GT Advanced
  Technologies Inc          GTAT     3.000     0.303 12/15/2020
Gastar Exploration Inc      GST      8.625    53.000  5/15/2018
Genworth Holdings Inc       GNW      8.625   105.750 12/15/2016
Getty Images Inc            GYI      7.000    31.200 10/15/2020
Goodman Networks Inc        GOODNT  12.125    30.083   7/1/2018
Goodrich Petroleum Corp     GDP      8.875     4.375  3/15/2018
Goodrich Petroleum Corp     GDP      8.875     6.625  3/15/2019
Goodrich Petroleum Corp     GDP      5.000     7.000  10/1/2032
Goodrich Petroleum Corp     GDP      8.875     4.000  3/15/2018
Goodrich Petroleum Corp     GDP      8.875     6.250  3/15/2019
Goodrich Petroleum Corp     GDP      8.875     6.250  3/15/2019
Gymboree Corp/The           GYMB     9.125    26.412  12/1/2018
HSBC USA Inc                HSBC     2.000    98.250  1/22/2016
Halcon Resources Corp       HKUS     9.750    28.250  7/15/2020
Halcon Resources Corp       HKUS     8.875    27.750  5/15/2021
Halcon Resources Corp       HKUS    13.000    33.375  2/15/2022
Halcon Resources Corp       HKUS     9.250    27.500  2/15/2022
Horsehead Holding Corp      ZINC     3.800    20.000   7/1/2017
ION Geophysical Corp        IO       8.125    49.570  5/15/2018
Iconix Brand Group Inc      ICON     2.500    82.000   6/1/2016
Iconix Brand Group Inc      ICON     1.500    44.750  3/15/2018
Interactive Network Inc /
  FriendFinder
  Networks Inc              FFNT    14.000    66.375 12/20/2018
James River Coal Co         JRCC     7.875     1.400   4/1/2019
John Hancock Life
  Insurance Co              MFCCN    4.900   100.009  1/15/2016
Key Energy Services Inc     KEG      6.750    23.500   3/1/2021
Las Vegas Monorail Co       LASVMC   5.500     3.000  7/15/2019
Legacy Reserves LP /
  Legacy Reserves
  Finance Corp              LGCY     8.000    32.839  12/1/2020
Legacy Reserves LP /
  Legacy Reserves
  Finance Corp              LGCY     6.625    24.600  12/1/2021
Lehman Brothers
  Holdings Inc              LEH      4.000     5.500  4/30/2009
Lehman Brothers
  Holdings Inc              LEH      5.000     5.500   2/7/2009
Lehman Brothers Inc         LEH      7.500     3.750   8/1/2026
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     8.625    17.000  4/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    16.900  5/15/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     7.750    14.500   2/1/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    15.000  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.500    13.000  9/15/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    15.625  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     6.250    15.625  11/1/2019
Logan's Roadhouse Inc       LGNS    10.750    23.000 10/15/2017
MF Global Holdings Ltd      MF       3.375    22.250   8/1/2018
MF Global Holdings Ltd      MF       9.000    22.250  6/20/2038
MModal Inc                  MODL    10.750    10.125  8/15/2020
Magnetation LLC /
  Mag Finance Corp          MAGNTN  11.000     6.000  5/15/2018
Magnetation LLC /
  Mag Finance Corp          MAGNTN  11.000     7.250  5/15/2018
Magnetation LLC /
  Mag Finance Corp          MAGNTN  11.000     7.250  5/15/2018
Magnum Hunter
  Resources Corp            MHRC     9.750    26.750  5/15/2020
Memorial Production
  Partners LP / Memorial
  Production Finance Corp   MEMP     7.625    28.750   5/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750    13.113  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      9.250    13.000   6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750    11.750  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO     10.750    11.750  10/1/2020
Modular Space Corp          MODSPA  10.250    43.125  1/31/2019
Modular Space Corp          MODSPA  10.250    58.500  1/31/2019
Molycorp Inc                MCP     10.000    13.875   6/1/2020
Molycorp Inc                MCP      6.000     1.260   9/1/2017
Molycorp Inc                MCP      5.500     1.500   2/1/2018
Murray Energy Corp          MURREN  11.250    18.625  4/15/2021
Murray Energy Corp          MURREN   9.500    18.375  12/5/2020
Murray Energy Corp          MURREN  11.250    24.250  4/15/2021
Murray Energy Corp          MURREN   9.500    18.375  12/5/2020
Navient Corp                NAVI     5.750    99.880 12/15/2017
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250    15.750  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250    23.500  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN  12.250    16.250  5/15/2019
Nine West Holdings Inc      JNY      6.875    12.130  3/15/2019
Noranda Aluminum
  Acquisition Corp          NOR     11.000    11.909   6/1/2019
Nuverra Environmental
  Solutions Inc             NES      9.875    31.400  4/15/2018
OMX Timber Finance
  Investments II LLC        OMX      5.540    12.050  1/29/2020
Peabody Energy Corp         BTU      6.000    17.012 11/15/2018
Peabody Energy Corp         BTU     10.000    18.000  3/15/2022
Peabody Energy Corp         BTU      6.500    11.500  9/15/2020
Peabody Energy Corp         BTU      4.750     6.510 12/15/2041
Peabody Energy Corp         BTU      6.250    11.375 11/15/2021
Peabody Energy Corp         BTU      7.875    12.755  11/1/2026
Peabody Energy Corp         BTU     10.000    22.240  3/15/2022
Peabody Energy Corp         BTU      6.000    17.125 11/15/2018
Peabody Energy Corp         BTU      6.000    17.250 11/15/2018
Peabody Energy Corp         BTU      6.250    11.500 11/15/2021
Peabody Energy Corp         BTU      6.250    11.500 11/15/2021
Penn Virginia Corp          PVA      8.500    14.925   5/1/2020
Penn Virginia Corp          PVA      7.250    15.250  4/15/2019
Permian Holdings Inc        PRMIAN  10.500    39.000  1/15/2018
Permian Holdings Inc        PRMIAN  10.500    38.625  1/15/2018
PetroQuest Energy Inc       PQ      10.000    61.888   9/1/2017
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT  10.250    48.750  10/1/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT  10.250    54.500  10/1/2018
Quicksilver Resources Inc   KWKA     9.125     2.750  8/15/2019
Quicksilver Resources Inc   KWKA    11.000     5.040   7/1/2021
Quiksilver Inc /
  QS Wholesale Inc          ZQK     10.000     3.664   8/1/2020
RS Legacy Corp              RSH      6.750     0.218  5/15/2019
Rex Energy Corp             REXX     8.875    19.900  12/1/2020
Rex Energy Corp             REXX     6.250    11.375   8/1/2022
Sabine Oil & Gas Corp       SOGC     7.250     6.500  6/15/2019
Sabine Oil & Gas Corp       SOGC     9.750     4.750  2/15/2017
Sabine Oil & Gas Corp       SOGC     7.500     6.000  9/15/2020
Sabine Oil & Gas Corp       SOGC     7.500     5.750  9/15/2020
Sabine Oil & Gas Corp       SOGC     7.500     5.750  9/15/2020
SandRidge Energy Inc        SD       8.750    29.000   6/1/2020
SandRidge Energy Inc        SD       7.500     9.950  3/15/2021
SandRidge Energy Inc        SD       8.125     7.750 10/15/2022
SandRidge Energy Inc        SD       7.500     8.250  2/15/2023
SandRidge Energy Inc        SD       8.750    10.000  1/15/2020
SandRidge Energy Inc        SD       8.125     9.000 10/16/2022
SandRidge Energy Inc        SD       7.500     9.000  2/16/2023
SandRidge Energy Inc        SD       7.500     9.000  3/15/2021
SandRidge Energy Inc        SD       7.500     9.000  3/15/2021
Sequa Corp                  SQA      7.000    32.000 12/15/2017
Sequa Corp                  SQA      7.000    31.625 12/15/2017
Seventy Seven Energy Inc    SSE      6.500    17.000  7/15/2022
Seventy Seven
  Operating LLC             SSE      6.625    35.750 11/15/2019
Speedy Cash Intermediate
  Holdings Corp             SPEEDY  10.750    54.000  5/15/2018
SquareTwo Financial Corp    SQRTW   11.625    45.650   4/1/2017
Stone Energy Corp           SGY      1.750    64.000   3/1/2017
Swift Energy Co             SFY      7.875    10.390   3/1/2022
Swift Energy Co             SFY      7.125    11.059   6/1/2017
Swift Energy Co             SFY      8.875    11.000  1/15/2020
Syniverse Holdings Inc      SVR      9.125    45.810  1/15/2019
TMST Inc                    THMR     8.000    15.250  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    43.500  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO   9.750    44.000  2/15/2018
Terrestar Networks Inc      TSTR     6.500    10.000  6/15/2014
TetraLogic
  Pharmaceuticals Corp      TLOG     8.000    26.500  6/15/2019
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     10.250     6.500  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     11.500    33.500  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     15.000     6.150   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     10.500     6.500  11/1/2016
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     10.250     7.000  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     11.500    32.000  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     15.000     3.903   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     10.500     5.375  11/1/2016
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU     10.250     6.750  11/1/2015
Vanguard Natural
  Resources LLC /
  VNR Finance Corp          VNR      7.875    29.000   4/1/2020
Venoco Inc                  VQ       8.875    10.063  2/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750    14.245  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750    18.500  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750     2.500  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS      8.750     0.273   2/1/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     13.000     1.350   8/1/2020
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750    17.875  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750     0.768  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750     0.768  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc           VRS     11.750    17.875  1/15/2019
W&T Offshore Inc            WTI      8.500    34.250  6/15/2019
Walter Energy Inc           WLTG     9.500    28.438 10/15/2019
Walter Energy Inc           WLTG     8.500     0.030  4/15/2021
Walter Energy Inc           WLTG     9.500    28.500 10/15/2019
Walter Energy Inc           WLTG     9.500    28.500 10/15/2019
Walter Energy Inc           WLTG     9.500    28.500 10/15/2019
Warren Resources Inc        WRES     9.000    15.000   8/1/2022
Warren Resources Inc        WRES     9.000    15.000   8/1/2022
Warren Resources Inc        WRES     9.000    15.000   8/1/2022
iHeartCommunications Inc    IHRT    10.000    43.000  1/15/2018
iHeartCommunications Inc    IHRT     6.875    51.500  6/15/2018


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***