TCR_Public/160204.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, February 4, 2016, Vol. 20, No. 35

                            Headlines

772702 ONTARIO: Files for Bankruptcy; Creditor's Meeting Feb. 18
AERO SKY AIRCRAFT: Case Summary & 19 Largest Unsecured Creditors
AFFIRMATIVE INSURANCE: Asserts Cases Should Remain in Ch. 11
AFFIRMATIVE INSURANCE: Long Meadow Reports 12.5% Stake
AMERICAN APPAREL: Net Loss Widens to $25.5M in 3rd Quarter 2015

AOXING PHARMACEUTICAL: Appoints Chief Financial Officer
ARCH COAL: Has Interim Approval of $275 Million DIP Facility
ARCH COAL: Wins Interim OK to Continue Securitization Facility
ATNA RESOURCES: Court Approves Key Employee Retention Plan
AUTO POINT: Justices Urged to Ax Award Over Settlement Clawback

BEAZER HOMES: OppenheimerFunds Reports 7.3% Stake as of Dec. 31
BEEF AND BRITCHENS: Case Summary & 2 Largest Unsecured Creditors
BLACK ELK: Inks Agreement to Resolve JAB Admin Claim
BLACK ELK: Norton Rose Files Rule 2019 Statement
BOOMERANG SYSTEMS: Can Tap Berg & Andrphy to Handle Liberty Suit

BRIAN K. SMITH: Firms Want Whistleblower Dismissed from FCA Suit
CACHE INC: Miller No Longer 5% Shareholder as of Feb. 1
CAESARS ENTERTAINMENT: Seeks Mediator for Help with Restructuring
CALMARE THERAPEUTICS: Bard Assoc. Has 12.6% Stake as of Dec. 31
CARE RX PHARMACY: Case Summary & 17 Largest Unsecured Creditors

CIRCUIT CITY: To Return This Summer With Web Site, Dallas Store
CREATIVE FINANCE: Court Denies Recognition Under Sec. 1517
CUBIC ENERGY: Confirmation Date Pushed Back under Revised PSA
DECARLOAN ENTERPRISES: Case Summary & 20 Top Unsecured Creditors
DIGIPATH INC: Anton & Chia Expresses Going Concern Doubt

ELBIT IMAGING: Approves NIS 40 Million Series H Notes Buyback
ENERGY & TECHNOLOGY: MaloneBailey Expresses Going Concern Doubt
EQUITY COMMONWEALTH: Moody's Affirms Ba1 Preferred Stock Rating
ESTONNA MANAGEMENT: Case Summary & 10 Largest Unsecured Creditors
EXGEN TEXAS: Moody's Lowers Rating on Term Loan B to B2

FIRST DATA: Winslow Capital Holds 14.7% Stake as of Dec. 31
FOREST PARK REALTY: Seeks Authority to Use Sabra's Cash Collateral
FREEDOM COMMUNICATIONS: Panel's Challenge Period Moved to Feb. 8
FREEDOM COMMUNICATIONS: Proposes March 16 Auction for All Assets
GT ADVANCED: Ch. 11 Plan Goes to March 3 Confirmation Hearing

HAGGEN HOLDINGS: Court Approves Zolfo Cooper as Panel's Consultant
HAGGEN HOLDINGS: Hires Huntley Mullaney as Real Estate Consultant
HAGGEN HOLDINGS: Hires KPMG LLP as Tax Consultants
HAGGEN HOLDINGS: Taps Morris Nichols as Special Litigation Counsel
HAGGEN HOLDINGS: Wants to Begin Puyallup Store Closing Sales

HANCOCK FABRICS: Files for Chapter 11 Bankruptcy Anew
HML ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
HORSEHEAD HOLDING: Files for Chapter 11 to Restructure Debt
JHK INVESTMENTS: CBIZ' Fees Cap Increased $48K for Additional Tasks
KALOBIOS PHARMACEUTICALS: Balks at UST Bid for Independent Trustee

KALOBIOS PHARMACEUTICALS: UST Balks at Morris Nichols Hiring
KU6 MEDIA: Gets Acquisition Proposal From Controlling Shareholder
LAGO RESORT: Moody's Assigns B2 Rating on $255MM 1st-Lien Facility
LATTICE INC: Bard Associates Holds 6.3% Stake as of Dec. 31
MAGNUM HUNTER: Files Bankruptcy Rule 2015.3 Report

METINVEST BV: Gets Temporary Creditor Shield in United States
MGM RESORTS: Unit Inks $525 Million Credit Agreement with BofA
MILLER ENERGY: Confirms Amended and Revised Plan of Reorganization
MOBIVITY HOLDINGS: Holds Meeting with Investors and Analysts
MODULAR SPACE: Moody's Lowers CFR to Caa1 & Puts on Review

NEPHROS INC: Estimates $1.8M Net Product Revenue for 2015
NEW GULF RESOURCES: Can Pay $250K to 10 Non-Insider Employees
NEW GULF RESOURCES: Stroock Represents 2nd Lien Noteholders
NORANDA ALUMINUM: Terminates Registration of 11% Senior Notes
OMINTO INC: Mayer Hoffman Expresses Going Concern Doubt

PICO HOLDINGS: Board Seeks to Thwart Leder Bid for Special Meeting
PINEGATES LLC: Case Summary & 3 Largest Unsecured Creditors
PLEASE TOUCH MUSEUM: Files First Amended Reorganization Plan
PRECISION OPTICS: Amends 1.6 Million Shares Prospectus
RCS CAPITAL: Proposes Procedures to Protect NOLs

RCS CAPITAL: Wants to Reject 16 Contracts and Unexpired Leases
RELATIVITY MEDIA: Gets Kevin Spacey's Guidance with Exit
RR DONNELLEY: Moody's Lowers Rating to Ba3, Outlook Developing
RX PRO OF MISSISSIPPI: Case Summary & 13 Top Unsecured Creditors
RX PRO PHARMACY: Case Summary & 10 Largest Unsecured Creditors

RYCKMAN CREEK: Files for Chapter 11 Bankruptcy Protection
SEASPRAY RESORT: Case Summary & 12 Largest Unsecured Creditors
SECURED CAPITAL INVESTMENTS: Receiver Proposes to Auction Assets
SECURED CAPITAL INVESTMENTS: Receiver Wants Court to Set Bar Date
SEMILEDS CORP: Going Concern Doubt Amid Losses Since Inception

SFX ENTERTAINMENT: Has Interim OK to Tap $80M in DIP Loans
SIMPLY FASHION: Plan Filing Exclusivity Ends Feb. 10
STRATA SKIN: Obtains $12 Million Under MidCap Credit Agreement
TELKONET INC: Bard Associates Reports 12.5% Stake as of Dec. 31
TENET HEALTHCARE: Glenview Capital Beneficially Owns 17.9% Stake

TORQUED-UP ENERGY: Can Hire Dore Law as Counsel in Texas Suit
TORQUED-UP ENERGY: Has Final Authority to Use Cash Collateral
TRI STATE TRUCKING: Adds IRS and CAT Financial to Creditors List
UTSA APARTMENTS 5: Case Summary & Largest Unsecured Creditor
UTSA APARTMENTS 5: Wants Duplicate Case Dismissed, Seeks Refund

VARIANT HOLDING: Seeks April 20, 2016 Confirmation Hearing
VERSO CORPORATION: Files Confidential Information with SEC
VUZIX CORP: May Sell $100 Million Worth of Securities
WAFERGEN BIO-SYSTEMS: Perkins Reports 7.6% Stake as of Oct. 16
WALTER ENERGY: Selling Remaining U.S. Assets to Seminole

WAVE SYSTEMS: Chapter 7 Filing Constitutes Default
WEST CORP: Reports Fourth Quarter and Full Year 2015 Results
WESTMORELAND COAL: Closes San Juan Mine Acquisition & Financing
WHISKEY ONE: Court Denies Polm Bid for Ch. 11 Trustee
ZLOOP INC: Has Until March 6, 2016 to Decide on Unexpired Leases

[*] U.S. Chamber Issues Statement on Senate Judiciary FACT Hearing
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

772702 ONTARIO: Files for Bankruptcy; Creditor's Meeting Feb. 18
----------------------------------------------------------------
The bankruptcy of 772702 Ontario Inc. occurred on Jan. 27, 2016,
and the first meeting of creditors will be held on Feb. 18, 2016,
at 10:00 a.m., at the trustee's offices at 2300 Yonge Street, Suite
1701 in Toronto, Ontario.

The trustee can be reached at:

   James Williams & Associates Inc.
   2300 Young Street, Suite 1701
   Toronto, ON M4P 1E4


AERO SKY AIRCRAFT: Case Summary & 19 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Aero Sky Aircraft Maintenance, Inc.
        2030 First Ave.
        San Antonio, TX 78216

Case No.: 16-50299

Chapter 11 Petition Date: February 2, 2016

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Ronald B. King

Debtor's Counsel: Martin Warren Seidler, Esq.
                  LAW OFFICES OF MARTIN SEIDLER
                  11107 Wurzbach Rd, Suite 504
                  San Antonio, TX 78230
                  Tel: (210) 694-0300
                  Email: seidlerlaw@yahoo.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Bernard Fourrier, president.

A list of the Debtor's 19 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txwb16-50299.pdf


AFFIRMATIVE INSURANCE: Asserts Cases Should Remain in Ch. 11
------------------------------------------------------------
Affirmative Insurance Holdings, Inc., and its debtor affiliates
oppose the Official Committee of Unsecured Creditors request for
the Bankruptcy Court to convert the Chapter 11 cases to cases under
Chapter 7 of the Bankruptcy Code.

As previously reported by The Troubled Company Reporter, The
committee explains, "The Committee brings this motion to convert
the Debtors' cases because the Debtors have no business to
reorganize, the Debtors' estates are administratively insolvent,
and, currently, the Debtors have no hope of confirming a feasible
plan of reorganization or liquidation.

"Converting the Chapter 11 Cases at this juncture will allow an
independent Chapter 7 trustee, not influenced by the Debtors'
management, to pursue and seek to monetize un-liquidated and
contingent assets for the benefit of the Debtors' creditors,
including holders of the Debtors' approximately $100 million in
unsecured debt (the Committee's constituents).  These cases are
straight liquidations with no benefit whatsoever to remaining in
Chapter 11 and incurring costs to the estate that would be incurred
in Chapter 7.  Recently, the Debtors, the Debtors' secured lender,
the Illinois insurance regulator, and the Committee attempted to
negotiate the terms of a plan of liquidation," the Committee
further stated in its motion.

The Debtors, in response, refute the Committee's argument that they
are not administratively insolvent, alleging that currently it has
access to approximately $750,000 of unencumbered cash.

The Debtors relate that prior to the Petition Date, they served as
managing general agents for various state-regulated insurance
companies that possess the certificates of authority necessary to
transact business and issue policies from which the Debtors
collected insurance premiums for the policies issued by the
Regulated Entities, and these insurance premiums were regularly
deposited into at least two of the Debtors' Premium Accounts.
Approved insurance claims paid to insured parties and claimants
were also funded from funds held in the Premium Accounts, the
Debtors add.  The Debtors further relate that as of the Petition
Date, the aggregate balances in the Premium Accounts were $572,440
and $168,859, respectively.  Moreover, the Debtors say that no
person has filed a proof of claim or any pleading in these Chapter
11 Cases asserting that the funds held in the Premium Accounts are
not the Debtors' property, although Affirmative Insurance Company,
a Regulated Entity and subsidiary of the Debtors, has asserted
informally through counsel that the insurance premiums deposited
into the Premium Accounts are held in trust for the benefit of
AIC.

The Debtors argue that the Motion to Convert is premature for being
filed a mere three months after the Petition Date when the Debtors
were still actively engaged in negotiations regarding a plan, and
the Committee has not demonstrated the absence of a reasonable
likelihood of rehabilitation at this time.  The Debtors dispute the
Committee's allegation that they do not have the ability to confirm
a plan alleging that any proposed plan would provide for the
payment of administrative expense claims and would also resolve a
number of outstanding, and important, issues, including the
Debtors' net operating losses, the dispute over $8.5 million held
in the Debtors' bank account, and certain litigation claims.  The
Debtors argue further that if the Court affords them additional
time to continue their negotiations toward a confirmable plan, it
would be in the best interests of their creditors.

Accordingly, the Debtors assert that a bankruptcy petition should
not be dismissed where a liquidating plan would benefit all
creditors and the bankruptcy served the purpose of allowing the
debtor to wind up its affairs and obtain confirmation of a
liquidating plan.

                 Committee Talks Back

The Committee points out that the Debtors would still be
administratively insolvent even if the Debtors now claim it holds
approximately $750,000 in encumbered funds, that is, if given the
benefit of the doubt regarding the unclaimed funds in their premium
trust accounts.  Even if the Debtors were not administratively
insolvent, they will be in a matter of weeks for as long as their
cases remain in Chapter 11, they will have expenses -- mainly
professional fees, but also their executives' salaries at $71,000
per month, post-petition taxes and other charges -- accruing on a
daily basis, the Committee further points out.  According to the
Committee, this burn will continue and soon render the Debtors
administratively insolvent if they are not already which is a cause
for conversion under Section 1112(b)(4)(A) because there is a
"substantial or continuing loss to or diminution of the estate and
absence of a likelihood of rehabilitation."

Moreover, the Committee asserts that as to timing, Section 112(b)
contains no restriction on the period which a case may be
converted, and thus, the bankruptcy court is not compelled to wait
a certain period of time before ordering conversion of the case
where there is no reasonable possibility of an effective
reorganization to the detriment of creditors.  There is manifestly
no reasonable possibility of an effective reorganization and as the
Illinois Rehabilitator notes, these cases are not only "rudderless"
but also hopeless, therefore, remaining in Chapter 11 is futile,
the Committee further asserts.

                Illinois Rehabilitator Responds

Anne Melissa Dowling, Acting Director of Insurance of the State of
Illinois, not individually, but solely as the statutory and
court-affirmed rehabilitator of Affirmative Insurance Company,
criticized the Debtors' objection for being replete with
misstatements, omissions, and admissions that show that the Debtors
cannot be trusted as debtors in possession.

According to Ms. Dowling, the Debtors fail to disclose that the
funds at issue are held in express trusts, i.e. in "Premium Fund
Trust Accounts", under Illinois insurance regulations.  She points
out that pursuant to Ins. Reg. 3113.40: (a) the Debtors have an
"obligation to hold . . . premiums in a fiduciary capacity."; (b)
All monies deposited into a Trust Account are considered to be
fiduciary funds until lawfully withdrawn; and (c) Trust Accounts
shall not be used as a general operating account or claim payment
account.

The Illinois Rehabilitator adds that, while Ins. Reg. Section
3113.40 allows a limited variety of non-premium funds to be
deposited in the Trust Accounts, those non-premium funds may be
withdrawn only if they can be matched with corresponding deposits
or if they constitute interest or other non-premium revenue to
which the Debtors were entitled.  She posits that the funds in the
Trust Accounts are not to be used to pay claims or for general
operating purposes, and therefore, at no time should the balance in
the Trust Account drop below the amount of premium money held in
trust for if it does, the Debtors "shall be deemed to have
misappropriated fiduciary funds and to have acted in a financially
irresponsible manner."  She also alleges that the Debtors' officers
may have mishandled the Trust Funds, leaving insufficient funds to
pay valid refund claims and is investigating making claims against
the Debtors' officers for their breaches of duty.

The Illinois Rehabilitator also refutes the Committee for
advocating conversion based on wishful thinking and hypothesized
causes of action so vaguely described.  According to Ms. Dowling,
to the extent any causes of action against the Debtors resulted in
a judgment, it would be worthless because in the rehabilitation
proceeding policy holders must be paid in full before other
creditors receive any distributions from the rehabilitation estate.
As to causes of action that would also exist outside of bankruptcy
against directors, officers, JCF, and Confie, the Committee's
constituents and the Debtors' principal creditors are not a diffuse
aggregation of hundreds or thousands of mom-and-pop stores; they
are four sophisticated investment funds and an institutional
indenture trustee, all of whom are well able to prosecute, and pay
for, lawsuits against Debtors' directors, officers, and secured
lenders, if such causes of action have merit, the Illinois
Rehabilitator points out.

Dismissal of the Cases would place the burden of asserting their
rights against the Debtors on these experienced market
participants, where that burden belongs, the Illinois Rehabilitator
argues.

Affirmative Insurance Holdings, Inc., et al. are represented by:

     Christopher A. Ward, Esq.
     Shanti M. Katona, Esq.
     Jarrett Vine, Esq.
     POLSINELLI PC
     222 Delaware Avenue, Suite 1101
     Wilmington, Delaware 19801
     Telephone: (302) 252-0920
     Facsimile: (302) 252-0921
     Email: cward@polsinelli.com
            skatona@polsinelli.com
            jvine@polsinelli.com

        -- and --


     Timothy W. Walsh, Esq.
     Darren Azman, Esq.
     MCDERMOTT WILL & EMERY LLP
     340 Madison Avenue
     New York, New York 10173-1922
     Telephone:(212) 547-5400
     Facsimile: (212) 547-5444
     Email: twwalsh@mwe.com
            dazman@mwe.com

The Official Committee of Unsecured Creditors is represented by:

     Jeremy W. Ryan, Esq.
     Etta R. Mayers, Esq.
     POTTER ANDERSON & CORROON LLP
     1313 North Market Street, Sixth Floor
     P.O. Box 951
     Wilmington, DE 19899-0951
     Telephone: (302) 984-6000
     Facsimile: (302) 658-1192
     Email: jryan@potteranderson.com
            emayers@potteranderson.com

        -- and –-

     Todd Meyers, Esq.
     KILPATRICK TOWNSEND & STOCKTON LLP
     1100 Peachtree Street NE, Suite 2800
     Atlanta, GA 30309-4528
     Telephone: (404) 815-6500
     Facsimile: (404) 815-6555
     Email: Tmeyers@kilpatricktownsend.com

Anne Melissa Dowling, Acting Director of Insurance of the State of
Illinois, is represented by:

     Mark Minuti, Esq.
     Teresa K. D. Currier, Esq.
     SAUL EWING LLP
     222 Delaware Avenue, Suite 1200
     P.O. Box 1266
     Wilmington, DE 19899
     Telephone: (302) 421-6840 / 6826
     Facsimile: (302) 421-5873 / 5861
     Email: mminuti@saul.com
            tcurrier@saul.com

        -- and --

     Faye B. Feinstein, Esq.
     Christopher Combest , Esq.
     QUARLES & BRADY LLP
     300 North LaSalle Street, Suite 4000
     Chicago, Illinois 60654
     Telephone: (312) 715-5000
     Facsimile: (312) 715-5155
     Email: faye.feinstein@quarles.com
            christopher.combest@quarles.com

          About Affirmative Insurance

Affirmative Insurance Holdings, Inc., Affirmative Management
Services, Inc., Affirmative Services, Inc., Affirmative
Underwriting Services, Inc., Affirmative Insurance Services, Inc.,
Affirmative General Agency, Inc., Affirmative Insurance Group, Inc.
and Affirmative, L.L.C. sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Proposed Lead Case No. 15-12136) on Oct. 14, 2015.
The petition was signed by Michael J. McClure as chief executive
officer.

The Debtors have engaged McDermott Will & Emery LLP as general
bankruptcy counsel, Polsinelli PC as local Delaware counsel, Faegre
Baker Daniels LLP as special regulatory counsel, BDO USA LLP as
financial consultant and Rust Consulting/Omni Bankruptcy as notice
and claims agent.

The Debtors disclosed total assets of $25.20 million and total
debts of $91.26 million as of Aug. 31, 2015.

Founded in June 1998, Affirmative provides non-standard personal
automobile insurance policies for individual consumers in targeted
geographic markets.  NSPAI policies provide coverage to drivers who
find it difficult to obtain insurance from standard automobile
insurance companies due to their lack of prior insurance, age,
driving record, limited financial resources, or other factors.

On October 30, 2015, the Office of the U.S. Trustee appointed five
creditors to the official committee of unsecured creditors.


AFFIRMATIVE INSURANCE: Long Meadow Reports 12.5% Stake
------------------------------------------------------
Long Meadow Holdings, L.P.; Long Meadow Investors, LLC; Jonathan W.
Old, III, and Michael J. Moss disclosed in a Schedule 13G/A
(Amendment No. 11) report that they jointly filed with the
Securities and Exchange Commission that they may be deemed to
beneficially own shares of common stock of Affirmative Insurance
Holdings, Inc.

Holdings beneficially owns 2,022,500 shares of Affirmative, which
constitutes 12.5% of the Company's Common Stock outstanding.  LMI
is the general partner of Holdings and because it could be deemed
to share voting and dispositive power with Holdings over the
2,022,500 shares of the Company's Common Stock owned by Holdings,
LMI may be deemed to be the beneficial owner of such Common Stock.
LMI disclaims beneficial ownership of all shares of the Company's
Common Stock held by other persons.

Mr. Old is a managing member of LMI.  Because Mr. Old is a managing
member of the general partner of LMH, and because he could be
deemed to share with LMI voting and dispositive power over the
2,022,500 shares of the Company's Common Stock held by LMH, Mr. Old
may be deemed to be the beneficial owner of such Common Stock.  Mr.
Old disclaims beneficial ownership of all shares of the Company's
Common Stock held by other persons.  Therefore, Mr. Old may be
deemed to be the beneficial owner of an aggregate of 2,022,500
shares, which constitutes 12.5% of the Company's Common Stock
outstanding.

Mr. Moss is a managing member of LMI.  Because Mr. Moss is a
managing member of the general partner of Holdings and shares the
responsibilities of managing LMI with Mr. Old, and because he could
be deemed to share with LMI and Mr. Old voting and dispositive
power over the 2,022,500 shares of the Company's Common Stock held
by Holdings, Mr. Moss may be deemed to be the beneficial owner of
such Common Stock.  Mr. Moss is the beneficial owner of 41,169
shares of the Company's Common Stock that he holds personally.
Additionally, Mr. Moss' spouse hold an aggregate of 19,649 shares
of the Company's Common Stock, and therefore Mr. Moss may be deemed
to be the beneficial owner of such Common Stock.  Therefore, Mr.
Moss may be deemed to be the beneficial owner of an aggregate of
2,083,318 shares, which constitutes 12.9% of the Company's Common
Stock outstanding.  Mr. Moss disclaims beneficial ownership of all
shares of the Company's Common Stock held by other persons.

A copy of that report is available at http://1.usa.gov/1SF1qeW

                       About Affirmative Insurance

Affirmative Insurance Holdings, Inc., Affirmative Management
Services, Inc., Affirmative Services, Inc., Affirmative
Underwriting Services, Inc., Affirmative Insurance Services, Inc.,
Affirmative General Agency, Inc., Affirmative Insurance Group,
Inc.
and Affirmative, L.L.C. sought Chapter 11 bankruptcy protection
(Bankr. D. Del. Proposed Lead Case No. 15-12136) on Oct. 14, 2015.

The petition was signed by Michael J. McClure as chief executive
officer.

The Debtors have engaged McDermott Will & Emery LLP as general
bankruptcy counsel, Polsinelli PC as local Delaware counsel,
Faegre
Baker Daniels LLP as special regulatory counsel, BDO USA LLP as
financial consultant and Rust Consulting/Omni Bankruptcy as notice
and claims agent.

The Debtors disclosed total assets of $25.20 million and total
debts of $91.26 million as of Aug. 31, 2015.

Founded in June 1998, Affirmative provides non-standard personal
automobile insurance policies for individual consumers in targeted
geographic markets.  NSPAI policies provide coverage to drivers
who
find it difficult to obtain insurance from standard automobile
insurance companies due to their lack of prior insurance, age,
driving record, limited financial resources, or other factors.

On October 30, 2015, the Office of the U.S. Trustee appointed five
creditors to the official committee of unsecured creditors.


AMERICAN APPAREL: Net Loss Widens to $25.5M in 3rd Quarter 2015
---------------------------------------------------------------
American Apparel, Inc., on Monday delivered to the Securities and
Exchange Commission a copy of its Form 10-Q quarterly report for
the three-month period ended Sept. 30, 2015.

American Apparel posted wider net loss of $25.560 million during
the period, compared to a net loss of $19.184 million during the
same period in 2014.  Net loss was $71.334 million during the
nine-month period ended Sept. 30 compared to $40.855 million during
the same period in 2014.

Net sales, the Company said, were $126.052 million for the quarter,
down $155.869 million for the same period in 2014.  Net sales were
$384,709 million for the nine-month period ended Sept. 30, down
$455.362 million for the same period in 2014.  

American Apparel said total assets were $244.497 million as of
Sept. 30 against total liabilities of $432.173 million.
Stockholders' deficit was $187.676 million as of Sept. 30.

A copy of the Form 10-Q report is available at
http://1.usa.gov/1PTWN1C

                      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.

                          *     *     *

The Debtors filed a proposed Joint Plan of Reorganization that
contemplates converting more than $200 million of senior notes
into
equity interests of the reorganized American Apparel.

On Nov. 20, 2015, the Court approved the Disclosure Statement and
set a Jan. 7, 2016 voting deadline and a Jan. 20 plan confirmation
hearing.

On Jan. 10, the Debtors received a letter from former CEO Dov
Charney disclosing a proposed $300 million alternative transaction
that will be funded by Hagan Capital Group and Silver Creek
Capital Partners but American Apparel rejected the proposal.

On Jan. 25, 2016, the Court held a telephonic hearing, granting
confirmation of the Debtors' First Amended Plan, provided certain
revisions were made to the First Amended Plan and the proposed
confirmation order.  On Jan. 27, the Court entered an order
confirming the Plan.


AOXING PHARMACEUTICAL: Appoints Chief Financial Officer
-------------------------------------------------------
Aoxing Pharmaceutical Company, Inc.'s Board of Directors appointed
Zheng James Chen to serve as the Company's chief financial officer,
effective on Feb. 1, 2016, according to a Form 8-K report filed
with the Securities and Exchange Commission.  Guoan Zhang, who had
been serving as interim CFO, will remain with the Company as senior
vice president for finance.

Zheng James Chen was employed from 2012 to 2016 as chief financial
officer of Origin Agritech Limited, an agricultural biotechnology
company headquartered in Beijing.  From 2008 to 2012 Dr. Chen was
employed as an investment manager by the Abu Dhabi Investment
Authority, which is the sovereign wealth fund for the government of
Abu Dhabi.  From 2003 to 2008, Dr. Chen worked as an equity
research analyst in three companies: Fulcrum Group Partners, BB&T
Capital Markets, and Morgan Joseph.  Previously, Dr. Chen was
employed as a technology license manager at Univation Technologies,
a joint venture between ExxonMobil and Dow Chemical.  Dr. Chen
currently sits on the Board of Directors of, and is Chairman of the
Audit Committee for, China Finance Online.  He is also Chairman of
the Board of Supervisors for Linjiang Chemical, which is listed on
the New Third Board in China.  Dr. Chen was awarded a Ph.D. in
Chemical Engineering by the University of Connecticut in 1996, and
an M.B.A. by New York University in 2004. Dr. Chen is 50 years
old.

The Company has entered into a three year employment agreement with
Dr. Chen.  The agreement calls for an annual salary of $330,000.
Dr. Chen is entitled to choose to receive common stock in lieu of
salary for one or more periods of one, three or six months, with
the shares valued at market price at the beginning of each such
period.  The employment agreement also provides for a grant of
options to purchase 300,000 shares at $.71 per share, vesting
one-third per year during the term of the agreement.

                          About Aoxing

Aoxing Pharmaceutical Company, Inc., has one operating subsidiary,
Hebei Aoxing Pharmaceutical Co., Inc., which is organized under
the laws of the People's Republic of China.  Since 2002, Hebei
Aoxing has been engaged in developing narcotics and pain management
products.  In 2008 Hebei Aoxing supplemented its product lines by
acquiring Shijiazhuang Lerentang Pharmaceutical Company, Ltd., a
specialty pharmaceutical company focusing on herbal pain related
therapeutics.  The Company owns 95% of the equity in Hebei Aoxing.

Aoxing Pharmaceutical reported net income attributable to
shareholders of the Company of $5.49 million on $25.48 million of
sales for the year ended June 30, 2015, compared to a net loss
attributable to shareholders of the Company of $8.21 million on
$12.7 million of sales for the year ended June 30, 2014.

As of Sept. 30, 2015, the Company had $55.0 million in total
assets, $41.4 million in total liabilities and $13.6 million in
total equity.

BDO China Shu Lun Pan Certified Public Accountants LLP, in
Shanghai, People's Republic of China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, stating that the Company accumulated a large
deficit and a working capital deficit that raise substantial doubt
about its ability to continue as a going concern.


ARCH COAL: Has Interim Approval of $275 Million DIP Facility
------------------------------------------------------------
Arch Coal, Inc., sought and obtained authority from the U.S.
Bankruptcy Court for the Eastern District of Missouri, on an
interim basis, to dip their hands into a debtor-in-possession
financing facility syndicated by Wilmington Trust, National
Association, as administrative agent and collateral agent for the
DIP Lenders.

The terms of the facility are set forth in a Debtor-in-Possession
Credit Agreement dated January 21, 2016, entered into by and among
the Company, as borrower, certain of the Debtors, as guarantors,
the lenders from time to time party thereto, and Wilmington Trust.

The DIP Credit Agreement provides for a super-priority senior
secured debtor-in-possession credit facility consisting of term
loans in the aggregate principal amount of up to $275 million that
may be funded in not more than two draws not later than four months
after the effective date of the DIP Facility; provided that no such
draw may occur prior to entry of the Final Order.

Any portion of the DIP Term Loan commitment that has not been
funded on or prior to the end of the Availability Period will be
permanently cancelled. The DIP Facility includes a $75 million
carve-out -- which amount can be increased with the consent of DIP
lenders holding a majority of the DIP Term Loan and unused
commitments -- from the DIP Lien for super-priority claims relating
to the Debtors' bonding obligations.

The maturity date of the DIP Facility is the earliest of:

     (i) January 31, 2017,

    (ii) the consummation of the sale of all or substantially all
         of the assets of the Loan Parties pursuant to Section
         363 of the Bankruptcy Code,

   (iii) the date of the substantial consummation of a plan of
         reorganization that is confirmed pursuant to an order of
         the Bankruptcy Court, and

    (iv) the date the obligations under the DIP Facility are
         accelerated pursuant to the terms of the DIP Credit
         Agreement.  

Borrowings under the DIP Facility bear interest at an interest rate
per annum equal to, at the Company's option (i) LIBOR plus 9.00%,
subject to a 1.00% LIBOR floor or (ii) the base rate plus 8.00%.
The Company will pay to the DIP Agent for the account of each DIP
Lender a commitment fee equal to 5% of such DIP Lender's initial
commitment under the DIP Facility.

The Company will pay an unused commitment fee equal to 5% per annum
on any undrawn commitments, payable monthly in arrears.
Additionally, the Company will pay (i) a commitment termination fee
equal to 1% on any amounts cancelled at the Borrower's option
during the Availability Period and on any amounts permanently
cancelled as a result of the expiration of the Availability Period
and (ii) a voluntary prepayment fee equal to 1% on any amounts
voluntarily prepaid prior to the end of the Availability Period.

Obligations under the DIP Credit Agreement will be guaranteed on a
super-priority senior secured basis by all existing and future
wholly-owned domestic subsidiaries of Arch, and all newly created
or acquired wholly-owned domestic subsidiaries of Arch, subject to
customary limited exceptions.

The lenders under the DIP Credit Agreement will have a first
priority lien on all encumbered and unencumbered assets, subject to
the Bonding Carve-Out, a customary professional fees carve-out and
certain exceptions.

The Loan Parties are subject to certain financial maintenance
covenants under the DIP Credit Agreement, including, without
limitation:

     (i) maximum capital expenditures tested monthly (with a
         cushion to amounts included in the budget reflecting
         monthly projections through to the maturity of the DIP
         Facility equal to the greater of (A) 25% (with
         carryforwards) in any monthly period and (B) $10 million
         in the aggregate; and

    (ii) minimum unrestricted cash and cash equivalents of the
         Company and its domestic subsidiaries (other than any
         securitization subsidiary or bonding subsidiary), plus
         withdrawable funds from brokerage accounts of the
         Company and its domestic subsidiaries (other than any
         securitization subsidiary or bonding subsidiary) plus
         any unused commitments that are available to be drawn by
         the Company pursuant to the terms of the DIP Credit
         Agreement of (A) $300,000,000 prior to the entry of the
         Final Order and (B) $575 million following the entry of
         the Final Order, in each case tested on a monthly basis.

The DIP Credit Agreement contains customary affirmative and
negative covenants, representations and events of default for
debtor-in-possession financings.

Furthermore, each of these milestones are included in the DIP
Credit Agreement, and any failure to comply with these Milestones
will constitute an event of default:

     -- No later than five days after the Petition Date, entry of
        the Interim Order;

     -- No later than 45 days after the Petition Date, entry of a
        final order approving the DIP Facility;

     -- No later than 60 days after the Petition Date, delivery
        of an updated business plan that is reasonably acceptable
        to the Required DIP Lenders;

     -- No later than 90 days after the Petition Date, filing of
        a Plan of Reorganization and accompanying disclosure
        statement;

     -- No later than 60 days after the date of the filing of the
        Plan of Reorganization described in the immediately
        preceding clause, entry of an order approving a
        disclosure statement for the solicitation of the Plan of
        Reorganization;

     -- No later than 90 days after the entry of the order
        approving a disclosure statement for the solicitation of
        the plan of reorganization described in the immediately
        preceding clause, entry of an order confirming the Plan
        of Reorganization; and

     -- No later than 15 days after the entry of the order
        confirming the plan of reorganization described in the
        immediately preceding clause, effectiveness of the Plan
        of Reorganization.

The DIP Facility is subject to certain usual and customary
prepayment events, including 100% of net cash proceeds of:

     (i) debt issuances (other than debt permitted to be incurred
         under the terms of the DIP Credit Agreement),

    (ii) non-ordinary course asset sales or dispositions in
         excess of $50 million in the aggregate (with no
         individual asset sale or disposition in excess of $7.5
         million) and

   (iii) any casualty event in excess of $50 million in the
         aggregate, subject to customary reinvestment rights, in
         each case to be applied to prepay the DIP Term Loan;
         provided that each DIP Lender will have the right to
         decline to receive its pro rata portion of any mandatory
         prepayment payable under clauses (ii) and (iii) above.

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.
The Debtors disclosed total assets of $5.84 billion and total debts
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and Prime
Clerk LLC as notice, claims and solicitation agent.


ARCH COAL: Wins Interim OK to Continue Securitization Facility
--------------------------------------------------------------
Arch Coal, Inc., has agreed with its securitization financing
providers that, subject to certain amendments, they will continue
the $200 million trade accounts receivable securitization facility
provided to Arch Receivable Company, LLC, a non-debtor
special-purpose entity that is a wholly owned subsidiary of the
Company.

The Debtors have negotiated with the providers of the
Securitization Facility amended and restated versions of the
agreements that set forth the terms of the Securitization Facility.
In connection with the Company's Chapter 11 petitions, the Company
filed a motion seeking Court approval of the continuation of the
Securitization Facility on the terms set forth in the Amendments.
On January 13, 2016, the Court entered an order approving, on an
interim basis, the financing to be provided pursuant to the
Financing Agreements and, on the same day, the Financing Agreements
were entered into by and among the Company, Arch Receivable, the
Originators, the Securitization Financing Providers and the
administrator of the Securitization Facility.

Arch Receivable did not file for Chapter 11.

Pursuant to the Amendments, the parties to the Securitization
Facility have agreed to allow the facility to continue following
the Bankruptcy Petitions, subject to certain modifications.
Pursuant to the Amendments, Debtors agreed to a revised schedule of
fees payable to the Administrator and the Securitization Financing
Providers.  The fees set forth in the Financing Agreements
include:

     (i) a letter of credit participation fee, payable on each
         settlement date to each Securitization Financing
         Provider, in the amount of 2.65%  per year of such
         Securitization Financing Provider's pro rata
         participation in the letters of credit outstanding under
         the Securitization Facility (increasing from 1.40% under
         the existing financing agreements),

    (ii) a facility fee, payable on each settlement date to each
         Securitization Financing Provider, in the amount of
         0.85% per year of such Securitization Financing
         Provider's commitment under the Securitization Facility
         (remaining the same as under the existing financing
         agreements) and

    (ii) a letter of credit fronting fee, payable on each
         settlement date to the letter of credit provider --
         LC Provider -- in the amount of 0.15% per year of the
         aggregate face amount of the letters of credit
         outstanding under the Securitization Facility (remaining
         the same as under the existing financing agreements).
         In the event that a letter of credit is drawn and the LC
         Provider is not fully reimbursed for the drawn amount,
         any unreimbursed remainder will be treated as a funded
         purchase (i.e., a cash advance) under the Securitization
         Facility. The cost of such an advance will be determined
         by two factors: (a) a program fee of 2.65% per year and
         payable on each settlement date to each Securitization
         Financing Provider deemed to have made such an advance
         and (b) the "discount", which is calculated based on
         each Securitization Financing Provider's costs,
         including its cost of funds.

In addition, the Amendments eliminate Arch Receivable's ability to
obtain cash advances, relinquish control over the accounts in which
the proceeds of outstanding accounts receivable generated by the
Debtors from the sale of coal and sold through the Securitization
Facility (including collections, proceeds and certain other
interests related thereto) are collected and provide for more
frequent reports on Receivables balances before the collected cash
is remitted to their control.

In connection with the Securitization Facility, Arch Receivable has
granted to the Administrator (for the benefit of the securitization
purchasers) a first priority security interest in all of its
property, including all Receivables and all proceeds thereof.

The Financing Agreements provide for the grant of analogous
security interests by certain Debtors that generate Receivables
from the sale of coal -- called the Originators. The Financing
Agreements expressly state that the transfers of Receivables from
the Originators to Arch and from Arch to Arch Receivable are
intended to be true sales of the Receivables. However, if, against
the intent of the parties (and notwithstanding entry of an order by
the Court which provides that the transfers of the Receivables
constitute true sales), any such transfer is recharacterized as a
loan or extension of credit, each Originator has granted a first
priority prepetition security interest in the Receivables and
certain related collateral, pursuant to the Financing Agreements,
for the ultimate benefit of the Administrator and the
Securitization Financing Providers. The Debtors have agreed, in
connection with the Amendments, to effectively extend such Liens to
cover Receivables generated on or after January 11, 2016.

The Originators do not guarantee the collection of Receivables that
have been transferred to Arch Receivable. However, the Originators
are obligated to reimburse Arch Receivable for inaccuracy of
certain representations and warranties, dilution items with respect
to Receivables and certain other limited indemnities.  Under the
Financing Agreements, Arch Receivable is entitled to apply
Repayment Amounts to amounts owed under the Securitization
Facility.

Further, Arch has executed a performance guarantee through which it
has promised to fulfill, or cause Arch Receivable, the designated
servicer and each Originator to fulfill, each of their obligations
under the Financing Agreements. In addition, as contemplated by the
Amendments, the Originators have also executed a performance
guarantee promising to fulfill obligations of all Originators under
the Financing Agreements.

In addition, in connection with the Amendments, the Debtors have
obtained approval to grant superpriority claims against the Debtors
and in favor of Arch Receivable, the Administrator and the
Securitization Financing Providers in respect of certain of the
Debtors' obligations under the Financing Agreements, including the
Repayment Amounts and certain other limited indemnification and
other obligations of the Debtors under the Financing Agreements.

                         About Arch Coal

Founded in 1969, Arch Coal, Inc., is a producer and marketer of
coal in the United States, with operations and coal reserves in
each of the major coal-producing regions of the Country.  As of
January 2016, it was the second-largest holder of coal reserves in
the United States, owning or controlling over five billion tons of
proven and probable reserves.  As of the Petition Date, Arch
employed approximately 4,600 full- and part-time employees.

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.
The Debtors disclosed total assets of $5.84 billion and total debts
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

The Debtors have engaged Davis Polk & Wardwell LLP as counsel,
Bryan Cave LLP as local counsel, FTI Consulting, Inc. as
restructuring advisor, PJT Partners as investment banker, and Prime
Clerk LLC as notice, claims and solicitation agent.


ATNA RESOURCES: Court Approves Key Employee Retention Plan
----------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court approved
Atna Resources' motion to implement of a key employee retention
plan for non-insider employees.

As previously reported, "The Key Employees are individuals who have
valuable and, in some instances, irreplaceable institutional
knowledge of the Debtors' businesses, systems, commercial
relationships, and operations and who are integral to maintaining
operational stability and driving cash flow.  They are also,
therefore, essential to the Debtors' efforts to reorganize in
Chapter 11.

The Key Employees would be exceptionally difficult to replace under
normal circumstances, and it would be even more difficult as a
practical matter given the commencement of these cases.  It is
critical for the Debtors to do their utmost to ensure the continued
commitment and service of the Key Employees during the pendency of
these cases in order to avoid disruption to their ongoing business
operations and irreparable harm to their efforts to maximize
value...The eight Key Employees will be eligible to receive
payments totalling approximately $100,000 in the aggregate. The
specific amounts which the individuals will be eligible to receive
are a fixed amount."

                      About Atna Resources

Atna Resources Ltd. was incorporated in British Columbia in 1984
and its corporate management office is located in Golden, Colorado.
The company is involved in all phases of the mining business,
including exploration, preparation of feasibility studies,
permitting, construction, development, operation and reclamation of
mining properties.  The company is currently operating the Pinson
Underground gold mine near Winnemucca, Nevada, the Briggs mine
located in Inyo County, California, and other development and
exploration-stage properties in Canada and the U.S.

Atna Resources, Inc., et al., filed Chapter 11 bankruptcy
petitions (Bankr. D. Colo. Proposed Lead Case No. 15-22848) on
Nov.
18, 2015.  The petition was signed by Rodney D. Gloss as vice
president & chief financial officer.  The Debtors estimated assets
in the range of $10 million to $50 million and liabilities of
$50 million to $100 million.  Squire Patton Boggs (US) LLP
represents the Debtors as counsel.


AUTO POINT: Justices Urged to Ax Award Over Settlement Clawback
---------------------------------------------------------------
Martin Bricketto at Bankruptcy Law360 reported a car wholesaler
pressed the New Jersey Supreme Court on Jan. 19, 2016, to topple
decisions holding him responsible for funds he paid in an
underlying settlement that were clawed back from Globe Motor Co.
and The Margolis Law Firm LLC as part of a third party's
bankruptcy.

Representing vehicle wholesaler Ilya Igdalev and ex-wife Julia
Igdalev at a hearing on Jan. 19, attorney Christopher J. Koller
said that the money -- which a Chapter 7 trustee claimed was
siphoned from third-party Auto Point Ltd. -- did not violate a
$75,000 settlement with Globe or breach obligations of good faith
and fair dealing under that agreement.

Globe had sued the Igdalevs for alleged breach of contract and
fraud, which later received two certified checks in satisfaction of
the settlement, according to court documents.  One check was
notated with the name Michael Povolotsky, Auto Point's owner and a
friend and business associate of the Igdalevs, according to court
documents.  Globe and Margolis were later hit with an adversary
action from Brian Leonard, the trustee in Auto Point's bankruptcy
in Minnesota, alleging the $75,000 was fraudulently transferred
from Auto Point.

After reaching a $22,500 agreement with the trustee, Globe and
Margolis went after the Igladevs, who contended that Povolotsky
owed Ilya Igdalev money and that they attempted to satisfy the
$75,000 deal in good faith by having Povolotsky pay on their
behalf.  But Globe and Margolis won a $42,000 judgment against the
couple, which included attorneys' fees from the adversary
proceeding and present case.  A majority of a three-judge Appellate
Division panel later backed that judgment in 2014, but one judge's
dissent gave the Igladevs an automatic right to have the state
Supreme Court hear the case.

While Globe and Margolis had won their case on summary judgment,
some of the high court's questions seemed to concern whether there
was a sufficient record regarding the origin of the settlement
funds and whether the money truly belonged to Auto Point.

Representing Globe, attorney Michael A. Mark told the court that
they relied on the bankruptcy court litigation and the opinion of
their counsel in that proceeding.  Ultimately, it did not really
matter whether the money belonged to Povolotsky, Auto Point or
Igdalev, Mark argued.


BEAZER HOMES: OppenheimerFunds Reports 7.3% Stake as of Dec. 31
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, OppenheimerFunds, Inc. disclosed that as of Dec. 31,
2015, it beneficially owns 2,404,995 shares of common stock of
Beazer Homes USA Inc., representing 7.27 percent of the shares
outstanding.  Oppenheimer Equity Income Fund also disclosed
beneficial ownership of 2,400,000 common shares.  A copy of the
regulatory filing is available at http://is.gd/B6RLhE

                       About Beazer Homes

Beazer Homes USA, Inc. (NYSE: BZH) -- http://www.beazer.com/--
headquartered in Atlanta, is one of the country's 10 largest
single-family homebuilders with continuing operations in Arizona,
California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada,
New Jersey, New Mexico, North Carolina, Pennsylvania, South
Carolina, Tennessee, Texas, and Virginia.  Beazer Homes is listed
on the New York Stock Exchange under the ticker symbol "BZH."

As of Sept. 30, 2015, Beazer Homes had $2.42 billion in total
assets, $1.79 billion in total liabilities and $630.42 million in
total stockholders' equity.

                           *     *     *

Beazer carries a 'B-' issuer credit rating, with "negative"
outlook, from Standard & Poor's.

In June 2015, Moody's Investors Service upgraded Beazer Homes USA,
Inc.'s Corporate Family Rating to B3 from Caa1 and its Probability
of Default Rating to B3-PD from Caa1-PD.

As reported by the TCR on Sept. 4, 2015, Fitch Ratings had affirmed
the ratings of Beazer Homes USA, Inc. (NYSE: BZH), including the
company's Issuer Default Rating (IDR), at 'B-'.  Beazer's 'B-' IDR
reflects the company's execution of its business model in the
current moderately recovering housing environment, land policies,
and geographic diversity.


BEEF AND BRITCHENS: Case Summary & 2 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Beef and Britchens II, LLC
        P.O. BOX 268
        Arlington, AZ 85322

Case No.: 16-00919

Chapter 11 Petition Date: February 2, 2016

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

Judge: Hon. Brenda Moody Whinery

Debtor's Counsel: Mark Wesbrooks, Esq.
                  THE WESBROOKS LAW FIRM, PLLC
                  15396 N. 83RD Ave.
                  Ste C-100
                  Peoria, AZ 85381
                  Tel: 623-486-1320
                  Fax: 602-297-6580
                  Email: wesbrooksefax@gmail.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Jimmy G. Fernandez, statutory
agent/member.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb16-00919.pdf


BLACK ELK: Inks Agreement to Resolve JAB Admin Claim
----------------------------------------------------
Black Elk Energy Offshore Operations LLC entered into an agreement
to resolve the administrative claim of JAB Energy Solutions II
LLC.

Under the deal, the company agreed that JAB Energy has an allowed
administrative claim in the amount of $3.56 million.

Black Elk will make a payment to JAB Energy up to $870,000 on
account of its administrative claim if and when funds become
available under its final cash collateral budget approved by a
bankruptcy court.

A copy of the agreement is available without charge at
http://is.gd/PKIl0c

                         About Black Elk

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

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

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

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

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


BLACK ELK: Norton Rose Files Rule 2019 Statement
------------------------------------------------
Norton Rose Fulbright US, LLP disclosed in a court filing that it
represents Shell Offshore Inc. and Hess Corp. in the Chapter 11
case of Black Elk Energy Offshore Operations LLC.

Black Elk claims an interest in certain platforms, facilities and
leases in which Shell is an operator and Hess is a co-working
interest owner.

Norton Rose does not hold a claim against, or interest in, Black
Elk, according to the filing.

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

Norton Rose can be reached through:

   Ryan E. Manns
   2200 Ross Avenue, Suite 3600
   Dallas, Texas 75201-7932
   Tel: (214) 855-8000
   Fax: (214) 855-8200
   Email: ryan.manns@nortonrosefulbright.com

      -- and --

   Bob B. Bruner
   William R. Greendyke
   1301 McKinney, Suite 5100
   Houston, TX 77010-3095
   Tel: (713) 651-5151
   Fax: (713) 651-5246
   Email: bob.bruner@nortonrosefulbright.com
   Email: william.greendyke@nortonrosefulbright.com

                         About Black Elk

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

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

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

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

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


BOOMERANG SYSTEMS: Can Tap Berg & Andrphy to Handle Liberty Suit
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Boomerang Systems, Inc. et al., to employ Berg & Andrphy as special
litigation counsel for the Liberty Adversary proceeding.

The Debtors, in a supplemental declaration, said that given the
revised strategy from reorganization to liquidation under Chapter
11, and to lessen the burden of additional professional fees on the
estates, the Debtors retained B&A to provide litigation counseling
(including advising and representing the Debtors with respect to
the Liberty Adversary Proceeding) on a full contingency basis.

B&A intends to seek compensation for services rendered and actual,
necessary expenses incurred in accordance with the Bankruptcy Code,
the Bankruptcy Rules, the Local Bankruptcy Rules, any applicable
orders of the Court and the U.S. Trustee Guidelines.  The Debtors
will also reimburse B&A for any expenses incurred in connection
with providing the Services from any recovery made by the Debtors
in connection with the Liberty Adversary Proceeding.

To the best of the Debtors' knowledge, B&A does not represent nor
hold any interest adverse to the Debtors or their estates with
respect to the matters on which B&A is to be employed.

As reported by the Troubled Company Reporter on Oct. 8, 2015, the
Debtors obtained permission to employ B&A as special litigation
counsel, nunc pro tunc to Aug. 18, 2015.

As special litigation counsel, B&A will provide litigation and
other legal counseling, including advising and representing the
Debtors with respect to a related lawsuit filed on Aug. 18, 2015,
the Parking Source Action, well as to investigate and prosecute or
defend any additional litigation matters or disputes that may arise
during the pendency of the Chapter 11 cases.

B&A will be paid at these hourly rates:

       Partners              $675 - $950
       Associates            $350 - $450
       Paraprofessionals     $175 - $225

B&A will also be reimbursed for reasonable out-of-pocket expenses
incurred.

                      About Boomerang Systems

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

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

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

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


BRIAN K. SMITH: Firms Want Whistleblower Dismissed from FCA Suit
----------------------------------------------------------------
Adam Sege at Bankruptcy Law360 reported that a group of Washington,
D.C., construction companies asked a Maryland federal court on Jan.
28, 2016, to dismiss a whistleblower from his False Claims Act
lawsuit accusing them of underpaying workers on Smithsonian
reconstruction projects, saying the man can no longer assert claims
after filing for bankruptcy protection.

By filing for Chapter 7 bankruptcy protection last March, Brian K.
Smith effectively transferred his claims to a bankruptcy trustee,
the construction companies wrote in a joint motion, asking the
court to dismiss Smith from his lawsuit.


CACHE INC: Miller No Longer 5% Shareholder as of Feb. 1
-------------------------------------------------------
Lloyd I. Miller, III, disclosed in a Schedule 13G/A (Amendment No.
2) report filed with the Securities and Exchange Commission on Feb.
1, 2016, that he has ceased to be the beneficial owner of more than
5% of the common stock of Cache, Inc.  A copy of Mr. Miller's
disclosure is available at http://1.usa.gov/1o4YP2x

                        About Cache, Inc.

Cache, Inc., which operated 236 women's apparel specialty stores
under the trade name "Cache," and its two affiliates sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del.
Case No.15-10172) on Feb. 4, 2015.  The case is assigned to Judge
Mary F. Walrath.

The Debtors had total assets of $53.7 million and total
liabilities
of $51.1 million as of Sept. 27, 2014.  In its schedules, the
Debtor disclosed $38.8 million in assets and $84.1 million in
liabilities.

The Debtors are represented by Laura Davis Jones, Esq., Peter J.
Keane, Esq., and Colin R. Robinson, Esq., at Pachulski Stang
Ziehl&
Jones LLP, in Wilmington, Delaware.  The Debtors' restructuring
advisors is FTI Consulting Inc., while their investment banker and
financial advisor is Janney Montgomery Scott LLC.  Thompson Hine
represents the Debtors in corporate and securities matter, while
Jackson Lewis P.C. represents the Debtors in employment matters.
The Debtors' communications services provider is Epiq Systems,
Inc., while their noticing and claims management services provider
is Kurtzman Carson Consultants. A&G Realty Partners, LLC, serves
as
the Debtors' real estate consultants.

The U.S. Trustee for Region 3 has appointed seven members to the
Official Committee of Unsecured Creditors in the Debtors' case.
The
Committee retained Bayard, P.A., as local Delaware counsel, and
Otterbourg P.C. as lead bankruptcy counsel.

In March 2015, Great American Group LLC, a subsidiary of B. Riley
Financial Inc., began going-out-of-business sales at 153 Cache
retail stores pursuant to its agency agreement with the women's
clothing chain.  Great American Group was selected as liquidator
at
an auction, after agreeing to pay $18 million for Cache's assets,
which is a $6.5 million increase from the stalking horse bid.


CAESARS ENTERTAINMENT: Seeks Mediator for Help with Restructuring
-----------------------------------------------------------------
Jacqueline Palank, writing for Dow Jones' Daily Bankruptcy Review,
reported that Caesars Entertainment Operating Co. wants a mediator
on standby to help it broker a restructuring deal with warring
creditors.

According to the report, the request for a mediator, filed Feb. 3
in a Chicago bankruptcy court, comes a little more than a year into
the casino and hotel company's chapter 11 case.  Caesars
Entertainment Operating Co., or CEOC, has secured the support of
senior lenders and bondholders for a plan to reduce its $18 billion
debt load by $10 billion but hasn't been able to reach a deal with
junior creditors, the report pointed out.

                   About Caesars Entertainment

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

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

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

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

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

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

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

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

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


CALMARE THERAPEUTICS: Bard Assoc. Has 12.6% Stake as of Dec. 31
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Bard Associates, Inc. disclosed that as of Dec. 31,
2015, it beneficially owns 3,750,025 shares of common stock of
Calmare Therapeutics representing 12.6 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/Ajcrjw

                    About Calmare Therapeutics

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

Calmare reported a net loss of $3.4 million on $1 million of
product sales for the year ended Dec. 31, 2014, compared to a net
loss of $2.6 million on $653,000 of product sales for the year
ended Dec. 31, 2013.

As of June 30, 2015, the Company had $4.31 million in total assets,
$13.2 million in total liabilities and a total shareholders'
deficit of $8.88 million.

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


CARE RX PHARMACY: Case Summary & 17 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Care Rx Pharmacy Group L.L.C.
        1865 W Woolbright Rd
        Boynton Beach, FL 33426

Case No.: 16-00295

Chapter 11 Petition Date: February 2, 2016

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Jackson-3 Divisional Office)

Debtor's Counsel: Thomas M Hewitt, Esq.
                  BUTLER SNOW LLP
                  1020 Highland Colony Pkwy Ste 1400
                  Ridgeland, MS 39157
                  Tel: 601-948-5711
                  Fax: 601-985-4500
                  Email: thomas.hewitt@butlersnow.com

                     - and -

                  Stephen W. Rosenblatt, Esq.
                  BUTLER SNOW LLP
                  P.O. Box 6010
                  Ridgeland, MS 39158-6010
                  Tel: 601-985-4504
                  Fax: 601-985-4500
                  Email: Steve.Rosenblatt@butlersnow.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Jack West, operations manager.

A list of the Debtor's 17 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mssb16-00295.pdf


CIRCUIT CITY: To Return This Summer With Web Site, Dallas Store
---------------------------------------------------------------
Laura Northrup at Consumerist reported that Circuit City will
launch this summer with a Web site and one location in Dallas, and
as many as 100 stores across the country in major yet affordable
metropolitan areas over the next year.

In addition to corporate-owned stores, the brand would also
franchise.  They also plan to develop kiosks and displays that
would have a selection of items under $30, like headphones or
cables, and fit right inside an existing store.  They have college
bookstores in mind, but convenience stores or supermarkets could
already have them too.

The regular stores would be 2,000 to 4,000 square feet, and smaller
mobile-only locations maybe 1,500 square feet.

Back in 2009, the medium-box consumer electronics chain Circuit
City closed.  Systemax, the owner of TigerDirect, acquired the
brand's website and customer list, and kept it going until 2012.
Late last year, Systemax decided to shut down its technology
business, and that included selling the twice-defunct Circuit City
brand.  Now yet another company has acquired the brand and wants to
make a go of it as physical retail stores.


CREATIVE FINANCE: Court Denies Recognition Under Sec. 1517
----------------------------------------------------------
In this Chapter 15 case commenced by the foreign representative
liquidator of Creative Finance Ltd. and Cosmorex Ltd., the Court
has before it a contested motion for Section 1517 of the Bankruptcy
Code recognition, and a related motion by creditor Marex Financial
Ltd., the Debtors' only non-insider creditor, for dismissal by
reason of the Debtors' bad faith.

The case presents two issues as to which the underlying caselaw law
is thin.  First, are Chapter 15's statutory requirements for
recognition of a foreign main proceeding satisfied when -- by the
debtors' design -- the foreign representative's activities before
his chapter 15 filing have been so minimal that the Court cannot
find that the Debtors' "Center of Main Interests" ("COMI") ever
changed from the nations where the Debtors actually did business to
the different nation in which the foreign representative was
appointed?

And second, must a U.S. Bankruptcy Court tolerate debtor bad faith
in a chapter 15 case that a U.S. court would never tolerate in a
case under any other chapter of the Code?

In a Decision and Order dated January 13, 2016, which is available
at http://is.gd/OM0MdSfrom Leagle.com, Judge Robert E. Gerber of
the United States Bankruptcy Court for the Southern District of New
York concluded that the Liquidator has failed to meet the
requirements of Section 1517(a)(1) of the Bankruptcy Code, by
reason of his inability to show sufficient activity in the British
Virgin Islands (BVI)to cause the Debtors' COMI to shift from Spain,
Dubai or the U.K. to the BVI or to show even an establishment in
the BVI.  The court, accordingly, denied the 1517 Recognition, as
either a foreign main proceeding or a foreign nonmain proceeding.

Marex's cross motion for dismissal under section 305 is moot.

The case is In re: CREATIVE FINANCE LTD. (IN LIQUIDATION), et al.,
Chapter 15, Debtors in a Foreign Proceeding, Case No. 14-10358
(REG) (Jointly Administered).

Creative Finance Ltd. (In Liquidation), Foreign Representative, is
represented by Anne Marren Bahr, Esq. -- abahr@rctlegal.com -- Reid
Collins & Tsai LLP, William T. Reid, IV, Esq. -- wreid@rctlegal.com
-- Reid Collins & Tsai LLP, Angela Jennifer Somers, Esq. --
asomers@rctlegal.com -- Reid Collins & Tsai LLP, Randall Adam
Swick,  -- Esq. -- rswick@rctlegal.comReid Collins & Tsai LLP.

Creative Finance Ltd. (In Liquidation) sought protection under
Chapter 15 of the Bankruptcy Code on Feb. 19, 2014 (Bankr.
S.D.N.Y., Case No. 14-10358).  The Chapter 15 Debtor's Counsel is
William T. Reid, IV, Esq., at Reid Collins & Tsai LLP, in New York.


CUBIC ENERGY: Confirmation Date Pushed Back under Revised PSA
-------------------------------------------------------------
Affiliates of Anchorage Capital Group, L.L.C., O-CAP Management,
L.P., and Corbin Capital Partners, L.P. are signatories to the Plan
Support Agreement in the Chapter 11 case of Cubic Energy, Inc.

On January 21, 2016, certain signatories to the PSA, including
certain affiliates of Anchorage et al., entered into a First
Amendment to the PSA pursuant to which the signatories consented to
an amended Prepackaged Plan and amended certain obligations of the
Cubic Parties and termination rights of the Prepetition
Noteholders, in each case, by extending the date by which
confirmation of the Prepackaged Plan must be entered by the
Bankruptcy Court to the first Business Day that is 75 days after
the Petition Date.

A copy of the Amended PSA, together with the Second Amended
Prepackaged Plan of Reorganization, is available at
http://1.usa.gov/1PRawzX

Anchorage et al may be reached at:

     Anchorage Capital Group, L.L.C.
     610 Broadway, 6th Floor
     New York, NY 10012
     Tel: (212) 432-4650
     Attn: David Young

          - and -

     O-CAP Management, L.P.
     600 Madison Avenue, 14th Floor
     New York, NY 10022
     Tel:  (212) 554-4622
     Attn: Jared S. Sturdivant

          - and -

     Corbin Capital Partners, L.P.
     590 Madison Avenue, 31st Floor
     New York, NY 10022
     Tel:  (212) 634-7373
     Attn:  Anthony Anselmo

Anchorage disclosed in a Schedule 13D/A filing with the Securities
and Exchange Commission that it may be deemed to beneficially own
74,811,987 or 49.12% of Cubic Energy's common stock.

O-CAP Management said it may be deemed to beneficially own
23,939,836 or 23.6% of Cubic Energy's common stock.

Corbin Capital said it may be deemed to beneficially own 16,458,637
or 17.52% of Cubic Energy's common stock.

                    About Cubic Energy

Texas-based Cubic Energy, Inc., Cubic Asset Holding, LLC, Cubic
Asset, LLC, Cubic Louisiana Holding, LLC and Cubic Louisiana, LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed
Lead Case No. 15-12500) on Dec. 11, 2015.  Jon R. Ross signed the
petition as executive vice president and corporate secretary.
Cubic Energy disclosed total assets of $120.7 million and total
debts of $114.2 million, both as of March 31, 2015.

The Debtors have engaged Bayard P.A., as Delaware counsel,
Holland & Knight LLP as restructuring counsel, Houlihan Lokey
Capital, Inc. as financial advisor and Prime Clerk LLC as noticing,
balloting and claims agent.

The Debtors are independent energy companies engaged in the
development and production of, and exploration for, crude oil,
natural gas and natural gas liquids.  The Debtors' oil and gas
assets are located in Texas and Louisiana.


DECARLOAN ENTERPRISES: Case Summary & 20 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Decarloan Enterprises, Inc.
        49556 Lakewood Street
        Macomb, MI 48042

Case No.: 16-41262

Chapter 11 Petition Date: February 2, 2016

Court: United States Bankruptcy Court
       Eastern District of Michigan (Detroit)

Judge: Hon. Thomas J. Tucker

Debtor's Counsel: Charles D. Bullock, Esq.
                  STEVENSON & BULLOCK, P.L.C.
                  26100 American Drive, Suite 500
                  Southfield, MI 48034
                  Tel: (248) 354-7906
                  Fax: (248) 354-7907
                  Email: cbullock@sbplclaw.com

                    - and -

                  Elliot G. Crowder, Esq.
                  STEVENSON & BULLOCK, P.L.C.
                  26100 American Drive, Suite 500
                  Southfield, MI 48034
                  Tel: 248-354-7906
                  Email: ecrowder@sbplclaw.com

                    - and -

                  Ernest Hassan, Esq.
                  STEVENSON & BULLOCK, P.L.C.
                  26100 American Drive, Suite 500
                  Southfield, MI 48034
                  Tel: (248) 354-7906
                  Fax: (248) 354-7907
                  Email: ehassan@sbplclaw.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Gary DeCarlo, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mieb16-41262.pdf


DIGIPATH INC: Anton & Chia Expresses Going Concern Doubt
--------------------------------------------------------
Anton & Chia, LLP, in a January 13, 2016 letter to the board of
directors and stockholders of DigiPath, Inc., expressed substantial
doubt about the company's ability to continue as a going concern.
The firm audited the consolidated balance sheets of the company as
of September 30, 2015 and 2014 and the related consolidated
statements of operations and comprehensive loss, statement of
stockholders' equity and cash flows for the years then ended.

Anton & Chia pointed out that the company has recurring losses and
insufficient working capital, which raises substantial doubt about
its ability to continue as a going concern.

DigiPath President and Chief Executive Officer Todd Denkin related,
in a regulatory filing with the U.S. Securities and Exchange
Commission on January 13, 2016, "As shown in the accompanying
consolidated financial statements, the company has incurred
recurring losses from operations resulting in an accumulated
deficit of ($7,847,418), and as of September 30, 2015, the
company's cash on hand may not be sufficient to sustain operations.
These factors raise substantial doubt about the company's ability
to continue as a going concern.  Management is actively pursuing
new customers to increase revenues.  In addition, the company is
currently seeking additional sources of capital to fund short term
operations.  Management believes these factors will contribute
toward achieving profitability."

At September 30, 2015, the company had total assets of $2,172,889,
total liabilities of $157,175 and total stockholders' equity of
$2,015,714.

For the year ended September 30, 2015, the company posted a net
loss of $4,332,329 as compared with a net loss of $2,832,202 for
the year ended September 30, 2014.

A full-text copy of the company's annual report is available for
free at: http://tinyurl.com/jer3958

Las Vegas-based DigiPath, Inc. supports the cannabis industry's
best practices for reliable testing, cannabis education and
training, and brings unbiased cannabis news coverage to the
cannabis industry.  Its three business units as of September 30,
2015 were DigiPath Labs, Inc., The National Marijuana News Corp.
and DigiPath Corp.  On October 1, 2015, the company entered into
agreements that facilitated the divestiture of two-thirds of its
ownership interest in DigiPath Corp.



ELBIT IMAGING: Approves NIS 40 Million Series H Notes Buyback
-------------------------------------------------------------
Elbit Imaging Ltd. announced that its board of directors approved a
new program to repurchase up to NIS 40 million (approximately $10.1
million) of Elbit's Notes, which are traded on the Tel Aviv Stock
Exchange.  The Company's board of directors has determined that
until further notice, the Company will purchase only Series H
Notes.  

The repurchases will be made from time to time in the open market
on the Tel Aviv Stock Exchange, in privately negotiated
transactions or in a combination of the two, commencing the date of
this announcement and for a period of 12 months.  The repurchase
program does not require the Company to acquire any or a specific
amount of notes, and it may be modified, suspended, extended or
discontinued without prior notice.  Repurchased Notes under this
program depends on factors such as market conditions and legal
compliance.   Notes repurchased by the Company will be canceled and
removed from trading.

In accordance with the existing loan agreement with Bank Hapoalim,
the Company will be required to prepay principal amount of
approximately NIS 8 million if the Notes buyback will be fully
executed.

                        About Elbit Imaging

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

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

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

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


ENERGY & TECHNOLOGY: MaloneBailey Expresses Going Concern Doubt
---------------------------------------------------------------
MaloneBailey, LLP, in its letter to the board of directors and
stockholders of Energy & Technology Corporation on January 13,
2016, expressed substantial doubt about the company's ability to
continue as a going concern.  The firm audited the consolidated
balance sheets of the company as of December 31, 2014 and 2013, and
the related consolidated statements of operations, stockholders'
deficit, and cash flows for each of the years then ended.

According to MaloneBailey, the company has suffered recurring loss
from operations and has a working capital deficit.  "These factors
raise substantial doubt about the company's ability to continue as
a going concern."

George M. Sfeir, president, chief executive officer and chief
financial officer of the company, in a January 13, 2016 regulatory
filing with the U.S. Securities and Exchange Commission, pointed
out: "During the year ended December 31, 2014, the company had a
net loss of $2,574,974, positive cash flow from operations of
$664,210, and negative working capital of $6,196,025.  Given the
company maintained positive cash flow from operations, it believes
that it will have sufficient capital to operate over the next 12
months.

"Historically, the company has had operating losses, negative cash
flow from operations, and working capital deficiencies.  Whether,
and when, the company can attain profitability and positive working
capital is uncertain.  The company is also uncertain whether it can
obtain funding to continue operations.  These uncertainties cast
significant doubt upon the company's ability to continue as a going
concern.

"The company will need to raise capital in order to fund its
operation.  This need may be adversely impacted by uncertain market
conditions and approval by regulatory bodies.  To address its
financing requirements, the company will seek financing from
related parties, equity financing and asset sales.  The outcome of
these matters cannot be predicted at this time."

At December 31, 2014, the company had total assets of $5,923,599,
total liabilities of $8,877,082, and total stockholders' deficit of
$2,953,483.

For the year ended December 31, 2014, the company reported a net
loss of $1,560,793 as compared with a net loss of $1,647,833 for
the year ended December 31, 2013.

A full-text copy of the company's annual report, as amended, is
available for free at: http://tinyurl.com/h7tgds7

Energy & Technology, Corp. offers services that can be described as
engineering, manufacturing, reclamation, sales, destructive, and
non-destructive testing (NDT) and inspection services, storage, and
maintenance for pipe and equipment utilized in the energy industry.
The company's activities are directed towards manufacturing,
reclamation of essential commodities, energy, technology, oil & gas
equipment and products.  The company's business offices are located
in Lafayette, Louisiana with a branch office and production
facilities in Houston and Abbeville Airport in Abbeville,
Louisiana.


EQUITY COMMONWEALTH: Moody's Affirms Ba1 Preferred Stock Rating
---------------------------------------------------------------
Moody's Investors Service has affirmed the ratings of Equity
Commonwealth (senior unsecured at Baa3) and revised the outlook to
positive from stable.  The positive outlook reflects the office
REIT's reduced leverage, as well as its progress on its large-scale
strategic repositioning plan that will improve its long-term growth
profile.

These ratings were affirmed with a positive outlook:

  Equity Commonwealth -- senior unsecured debt at Baa3; preferred
   stock at Ba1

RATINGS RATIONALE

Equity Commonwealth's credit profile has continued to improve since
the new management team and Board of Trustees assumed control of
the REIT in 2014.  The REIT announced almost $2 billion of asset
sales in 2015, with proceeds being used to repay debt and
accumulate cash.  As of 3Q15, the REIT held $1.7 billion of cash
versus $1.8 billion of total debt, leaving it with substantial
liquidity to pursue acquisition opportunities.

Moody's expects Equity Commonwealth's credit profile will improve
further, as it plans to sell up to another $1 billion of assets and
use proceeds to repay higher cost debt.  Even as the REIT has also
stated its intent to pursue opportunistic growth via acquisitions,
Moody's expects it will retain modest leverage and strong credit
metrics.

Moody's also notes management's success in simplifying its
portfolio and improving its growth profile.  The REIT sold about
half of its assets in 2015, reducing its exposure to numerous small
markets and weak properties with high vacancy rates.   asset sales,
along with improved leasing velocity within the core portfolio,
left its portfolio 91.9% leased as of 3Q15 up from 85.9% as of
3Q14.  Once it has completed the remaining asset sales, Moody's
believes Equity Commonwealth will be a more focused REIT with more
stable earnings through real estate cycles.

Equity Commonwealth's key challenge remains improving operations of
a large, nationally diverse real estate portfolio.  Although market
conditions are improving generally, the pace of recovery is uneven
and the REIT still has a number of assets with vacancy to fill as
the macroeconomic outlook has become more uncertain. Moreover, the
REIT's operating margins are weak as compared with its peer group.

A ratings upgrade would likely reflect improving core occupancy
trends and successful completion of the planned dispositions.
Demonstration of profitable growth, with strategic investments that
provide increased clarity as to the REIT's long-term operating
strategy, while maintaining Net Debt/EBITDA below 5x and fixed
charge coverage above 3x, would also be needed.

A downgrade would be precipitated by sustained negative operating
trends or increased leverage with Net Debt/EBITDA rising above 7x.
Fixed charge coverage below 2.4x on a sustained basis or secured
debt above 15% of gross assets would also result in a downgrade.

The last rating action with respect to Equity Commonwealth was on
May 20, 2015, when the ratings were affirmed and the outlook
revised to stable from negative.

Equity Commonwealth (NYSE: EQC) is a Chicago based, internally
managed and self-advised real estate investment trust (REIT) with
commercial office properties throughout the United States.  As of
Sept. 30, 2015, EQC's same-property portfolio comprised 67
properties and 25.3 million square feet.

The principal methodology used in these ratings was Global Rating
Methodology for REITs and Other Commercial Property Firms published
in July 2010.



ESTONNA MANAGEMENT: Case Summary & 10 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Estonna Management LLC
           dba The Brooks Pharmacy
           dba The Pharmacy at BCHC
           dba Vitality Compounding Pharmacy
           dba Vitality Pharmacy
        3501 Health Center Blvd., Ste 1200
        Bonita Springs, FL 34135

Case No.: 16-00292

Chapter 11 Petition Date: February 2, 2016

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Jackson-3 Divisional Office)

Debtor's Counsel: Thomas M Hewitt, Esq.
                  BUTLER SNOW LLP
                  1020 Highland Colony Pkwy Ste 1400
                  Ridgeland, MS 39157
                  Tel: 601-948-5711
                  Fax: 601-985-4500
                  Email: thomas.hewitt@butlersnow.com

                    - and -

                  Stephen W. Rosenblatt, Esq.
                  BUTLER SNOW LLP
                  P.O. Box 6010
                  Ridgeland, MS 39158-6010
                  Tel: 601-985-4504
                  Fax: 601-985-4500
                  Email: Steve.Rosenblatt@butlersnow.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Jack West, operations manager.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mssb16-00292.pdf


EXGEN TEXAS: Moody's Lowers Rating on Term Loan B to B2
-------------------------------------------------------
Moody's Investors Service downgraded ExGen Texas Power, LLC's
(EGTP) term loan B rating due September 2021 to B2 from B1
(approximately $666.3 million outstanding) and simultaneously
downgraded EGTPs $20 million super-senior working capital credit
facility due September 2019 to B1 from Ba3.  The outlook on both
credit facilities remains negative.

RATINGS RATIONALE

The downgrade principally reflects EGTP's continued financial
underperformance with our expectation that EGTP will draw on its
debt service reserve funds prior to Q3 2015.  The rating also
reflects continued weakness in the market in which EGTP operates
and growing risk that EGTP's internal liquidity sources will be
permanently lower than originally anticipated.  The financial
underperformance was further exacerbated by Wolf Hollow's nearly
40-day outage on its gas turbine unit #2 unit that commenced in
early September 2015.  Insurance will cover all repair costs, after
the required deductible.  Moody's also anticipates debt service
coverage ratios (DSCR) to fall below 1.0x and funds from operations
to debt (FFO/Debt) ratios to be below 5% for fiscal year 2016.

Notwithstanding the expected draw on the debt service reserve, we
acknowledge a portion of EGTP's liquidity utilization was always
anticipated owing simply to the timing of EGTP's cash flow in which
EGTP generates the bulk of its cash flow in the third quarter of
each year, experiences negative cash flow in the fourth quarter,
followed by flat to modestly positive cash flow in each of the
first and second quarters.  However, the amount of the shortfall is
much greater than initially anticipated as EGTP's unhedged
nameplate capacity has vastly underperformed financially compared
to the capacity that is hedged.  EGTP's hedged cash flow is
generated pursuant to financially-settled heat rate call options
(HRCOs) and spark spread forwards with Merrill Lynch Commodities,
Inc. (MLCI) (guaranteed by Bank of America: Baa1, stable) providing
nearly $110 million in fixed hedged premium, (or approximately $45
million in energy margin equivalent).

While these hedges offer a degree of cash flow stability, the
persistently soft merchant market has not produced enough
additional energy margin for EGTP to fully cover variable and fixed
operating costs, resulting in EGTP being more heavily reliant on
its internal liquidity, which currently amounts to $67 million.
Moody's believes that EGTP's liquidity could drop to around $20
million prior to Q3 2016.  While expected cash flow during the
third quarter is expected to bolster liquidity, the increase is not
expected to reach September 2015 levels increasing the prospects
for a permanent reduction in liquidity.  Since EGTP's financing,
EGTP has only repaid the 1% minimum required amortization as a
result of the weak energy market.

The maintenance of the negative outlook incorporates EGTP's
increased reliance on its internal sources of liquidity and growing
concern that these buckets may not be replenished to levels
necessary in the current market climate.  This is particularly the
case given the abundance of available power generation resources in
the ERCOT market and our belief that power prices will remain weak
for the foreseeable future owing to regional excess capacity.
While the performance to date has understandably raised refinancing
risk for lenders, there remains over five years of runway before
final term loan maturity.

Given the negative outlook, there is little prospect for upward
rating pressure at this time.  The rating outlook could stabilize
if summer revenues in ERCOT materially increase cash flow levels
such that our near-term concerns about a permanent drop in
liquidity is abated.

The rating could face downward rating pressure should one or
several assets experience prolonged operating difficulties or
should incremental funding requirements be needed for EGTP outside
of its existing embedded liquidity sources.  Continued weakness in
ERCOT throughout 2016 and into 2017 could also warrant downward
rating pressure.

EGTP owns a portfolio of five electric generating assets in Texas:
the 738 MW Wolf Hollow combined-cycle facility in Granbury; the 510
MW Colorado Bend combined cycle facility in Wharton; the 1,265 MW
Handley natural gas-fired steam boiler in Ft. Worth; the 808 MW
Mountain Creek natural gas-fired boiler in Dallas; and the 156 MW
simple cycle facility in La Porte.  EGTP is 100% indirectly, wholly
owned by Exelon Generation Company, LLC (ExGen: Baa2, stable).
ExGen is a wholly-owned subsidiary of Exelon Corporation (Baa2
stable).

The principal methodology used in these ratings was Power
Generation Projects published in December 2012.



FIRST DATA: Winslow Capital Holds 14.7% Stake as of Dec. 31
-----------------------------------------------------------
Winslow Capital Management, LLC disclosed in a Schedule 13G filed
with the Securities and Exchange Commission that as of Dec. 31,
2015, it beneficially owns 26,448,606 shares of common stock of
First Data Corporation representing 14.7 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/JdZDwy

                        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.


FOREST PARK REALTY: Seeks Authority to Use Sabra's Cash Collateral
------------------------------------------------------------------
Forest Park Realty Partners III, LP, and BT Forest Park Realty
Partners seek authority from the U.S. Bankruptcy Court for the
Northern District of Texas to use cash collateral to satisfy their
normal and necessary operating expenses.

The Debtors tell the Court that they must employ a "transition
team" to maintain Forest Park Dallas's operational license and
support the safety, maintenance, and stewardship of the Dallas
campus to reinforce the sales efforts, process, and operations as
necessary because the Operating Company is no longer able to
operate the Forest Park Dallas facility.  The Debtors add that the
license, which is transferable to a new buyer, adds $7-$12 million
in value to the Debtors' Properties.

Moreover, the Debtors assert that their only source of operating
funds is generated by the operation of the Properties.  The Debtors
allege that they will suffer irreparable and immediate harm if they
are not granted the use of the cash collateral securing their
prepetition indebtedness to continue the operation of the
Properties.  The Debtors add that continuation of the operation of
the Properties is also vital to the confidence of their vendors and
suppliers of the goods and services and to the preservation and
maintenance of the going concern value of the Debtors' estates.
According to the Debtors, without the funds, they will not be able
to pay operating expenses and obtain goods and services needed to
carry on their business during this sensitive period, in a manner
that will avoid irreparable harm to the Debtors' estates.

In addition, the Debtor tell the Court that Sabra, the lender, has
consented to the Debtors' use of cash collateral in accordance with
the December 2015 budget, which provides that not more than $50,000
per month will be used.  According to the Debtors, they had agreed
to this limitation that if the total budget amount is decreased,
the $50,000 limit on use of cash collateral will be reduced
proportionately in future months.

The Debtors assure the Court that Sabra's interests are adequately
protected by the Debtors' equity in real estate, which is fully
covered by commercial property and liability insurance and valued
at not less than $125 million as of the Petition Date.  The Debtors
further assure the Court that they will provide Sabra with a
super-priority replacement lien on post-petition income to protect
Sabra to the extent of any diminution in value of its collateral.

Forest Park Realty Partners III, LP and BT Forest Park Realty
Partners are represented by:

     Melissa S. Hayward, Esq.
     Julian Vasek, Esq.
     FRANKLIN HAYWARD, LLP
     10501 N. Central Expy, Ste. 106
     Dallas, Texas 75231
     Telephone: (972) 755-7100
     Facsimile: (972) 755-7110
     Email: MHayward@FranklinHayward.com
            JVasek@FranklinHayward.com

          About Forest Park Realty

Forest Park Realty Partners III, LP filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 15-34814) on Nov. 30, 2015. The
petition was signed by Todd Furniss as manager of Neal Richards
Group Forest Park Development LLC, its general partner.  The Debtor
estimated assets of $50 million to $100 million and liabilities of
$100 million to $500 million.  Franklin Hayward LLP represents the
Debtor as counsel.  Judge Stacey G. Jernigan has been assigned the
case.

The Debtor offers commercial construction and development
services.

Proofs of claim are due by March 28, 2016.


FREEDOM COMMUNICATIONS: Panel's Challenge Period Moved to Feb. 8
----------------------------------------------------------------
Freedom Communications Inc.'s official committee of unsecured
creditors and prepetition agent Silver Point Finance LLC signed a
third stipulation extending the time for the Committee to challenge
the stipulations and admissions made by the Debtors under the Final
DIP Order in connection with the prepetition debt and the
prepetition senior liens.  According to the Committee, its analysis
of potential claims and defenses is ongoing.  Pursuant to the third
stipulation, the expiration of the challenge period is extended
from Jan. 25 to Feb. 8, 2016.

Attorneys for Official Committee of Unsecured Creditors:

         Robert J. Feinstein, Esq.
         Jeffrey W. Dulberg, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         10100 Santa Monica Blvd., 13th Floor
         Los Angeles, CA 90067
         Telephone: 310/277-6910
         Facsimile: 310/201-0760
         E-mail: rfeinstein@pszjlaw.com
                 jdulberg@pszjlaw.com

                   About Freedom Communications

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

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

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

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

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


FREEDOM COMMUNICATIONS: Proposes March 16 Auction for All Assets
----------------------------------------------------------------
Freedom Communications, Inc., asks the Bankruptcy Court to approve
procedures in connection with the sale of substantially all of the
Company's assets.

Freedom Communications and certain of its affiliates filed Chapter
11 cases in order to maximize the value of the Debtors and their
assets by selling their business operations as a going concern
under the supervision of the Bankruptcy Court.  Provided that the
contemplated sale results in the payment in full of their
respective claims, the sale is supported by the Debtors' two
primary prepetition secured creditors, Silver Point Finance, LLC
and the Pension Benefit Guaranty Corporation.  In addition, the
Debtors anticipate that the contemplated sale will have the support
of the Official Committee of Unsecured Creditors, which will be
actively involved in the sale process.

Several parties have expressed an interest in purchasing the
Debtors' Assets; however, no party has submitted a final proposal.
In light of the Debtors' budgeted cash position that contemplates
the completion of the sale process by the end of March 2016, the
Debtors determined it was in the best interests of all parties to
file proposed sale and bidding procedures at this juncture so that
all interested parties would have the maximum opportunity to bid
for the Assets while still preserving the Debtors' ability to
select a stalking horse bidder in connection with the auction and
provide stalking horse protections to such bidder, if appropriate.

In order to ensure that the Debtors receive the maximum value for
their Assets, the Debtors will market their assets and conduct a
fair and open auction.  The Debtors proposed these procedures:

   * During the sale process, the Debtors shall consult with
     representatives of the Committee and Silver Point;

   * With the consent of the Committee and in consultation with
     the DIP Agent, are authorized to enter into an asset
     purchase agreement with a Stalking Horse Bidder with respect
     to all or a portion of the Assets not later than Feb. 5,
     2016.

   * The Debtors will afford any potential bidder due diligence
     access or additional information as the Debtors deem
     appropriate.

   * A bid submitted with respect to all or any number or
     combination of the assets will be considered a qualified bid
     only if the bid exceeds the offer of the Stalking Horse
     Bidder, if any, by $250,000, the bidder has submitted a 10%
     refundable deposit, and the bid provides for a closing date
     not later than March 31, 2016.

   * Qualified bids are due not later than March 11, 2016, at
     5:00 p.m. (prevailing Pacific Time).

   * If (i) a Stalking Horse Bidder is selected and one or more
     timely conforming Initial Overbids is received, (ii) no
     Stalking Horse Bidder is selected but two or more timely
     conforming Initial Overbids are received, or (iii) otherwise
     provided by the Bidding Procedures, the Debtors will conduct
     the Auction on March 16, 2016, at 10:00 a.m. (prevailing
     Pacific Time), at the offices of Lobel Weiland Golden
     Friedman LLP, 650 Town Center Drive, Suite 950, Costa Mesa,
     California 92626

   * If the Successful Bidder fails to consummate the Sale
     because of a breach or failure to perform on the part of the
     Successful Bidder, the Successful Bidder's deposit shall be
     forfeited to the Debtors.

   * The DIP Lenders will have the right to use their allowed
     prepetition secured claims and postpetition secured claims,
     in all cases subject to Section 363(k) of the Bankruptcy
     Code, to credit bid with respect to any bulk or piecemeal
     sale of all or any portion of the Assets.

   * The Debtors will seek entry of the Sale Order from the
     Bankruptcy Court, approving and authorizing the Sale to the
     Successful Bidder(s) at the sale hearing to begin on or
     before March 21, 2016.  The Debtors propose that any
     objections to the Sale be filed and served so as to be
     received no later than 9:00 a.m. (prevailing Pacific Time)
     on date of the Sale Hearing.

The Debtors contemplate a robust sale process seeking to maximize
the value of their Assets and, to this end, have engaged
GlassRatner as their financial advisory firm, FTI as their
investment banker, and Mosier & Company, Inc. as an independent
sales representative to assist the Debtors in implementing the sale
process.

Mosier may be reached at:

     Robert P. Mosier
     MOSIER & COMPANY, INC
     3151 Airway Avenue, Suite A-1
     Costa Mesa, CA 92626
     Tel: 714-432-0800
     Fax: 714-432.7329
     E-mail: rmosier@mosierco.com

FTI Capital Advisors, LLC may be reached at:

     Christopher T. Nicholls
     Senior Managing Director
     FTI CONSULTING
     Three Times Square, 11th Floor
     New York, NY, 10036
     Tel: 212 247 1010
     Fax: 212 841 9350
     E-mail: chris.nicholls@fticonsulting.com

                      Changes to Bid Procedures

The Debtors received comments from a handful of creditors and
interested parties relating to the Bidding Procedures and other
aspects of the Bidding Procedures and Sale Motion.  The Debtors
have worked to consensually resolve these issues and the Debtors
believe that such issues have been, or will be, resolved to the
satisfaction of the key constituents.  The changes have the
approval of the Committee and Silver Point.

Specifically, creditors and parties-in-interest have raised these
issues:

   1. The Pension Benefit Guaranty Corporation, one of the
      largest secured creditors of the estates, has requested
      that it be included as a "Consultation Party" in connection
      with the Auction and Sale, along with representatives of
      the Committee and the DIP Agent, respectively.  The Bidding
      Procedures have been revised to include the PBGC as one of
      the Consultation Parties.

   2. Tribune Publishing, a potential bidder, has requested that
      any deposit made by a potential bidder be held by an entity
      other than the Debtors.  The Bidding Procedures have been
      revised to provide that deposits will be held in the client
      trust account of counsel to the Committee, Pachulski Stang
      Ziehl & Jones LLP ("PSZJ").  PSZJ will provide wire
      instructions on "as requested" basis for said account.

   3. MediaNews Group, Inc. d/b/a Digital First Media ("DFM"), a
      potential bidder, filed a limited objection, statement and
      reservation of rights in connection with the Bidding
      Procedures aspects of the Bidding Procedures and Sale
      Motion.  As noted by DFM, the issues raised in the Limited
      Objection have been the subject of discussions between DFM
      and the Debtors, as well as the Committee and Silver Point,
      and the Debtors believe that the issues raised by DFM in
      the Limited Objection will be consensually resolved as
      follows:

      a. Deadline to Designate a Stalking Horse Bidder.  DFM
         requests that the deadline for submitting a Stalking
         Horse Bid -- currently proposed for Feb. 5, 2016 -- be
         extended.  The Bidding Procedures have been revised to
         provide for a one-week extension of the deadline until
         Feb. 12, 2016.

      b. Timing re Assumption and Assignment or Rejection.  The
         Debtors have revised the Bidding Procedures and Bidding
         Procedures Order to provide for a Successful Bidder to
         have an opportunity following the Auction to evaluate
         the Debtors' executory contracts and unexpired leases,
         negotiate with the counter-parties thereto and designate
         them for assumption and assignment; provided that the
         Successful Bidder identifies such contracts and/or
         leases subject to potential assumption and assignment
         within 2 days of the Auction and makes all payments
         under such executory contracts and/or unexpired leases
         that become due during this period. To the extent
         additional contracts and/or leases are designated by the
         Successful Bidder during the post-Auction period, the
         assumption and assignment thereof will be the subject of
         a further motion filed by the Debtors.

     c. Potential Restricted Access to the Data Room.  The
        Debtors have revised the Bidding Procedures to provide
        that, in the event that a Potential Bidder is designated
        a "competitor" by the Debtors such that its access to the
        Data Room is limited in accordance with the Bidding
        Procedures, such Potential Bidders' counsel and/or
        financial advisors (subject to the execution of an
        appropriate confidentiality agreement) will be allowed to
        review the withheld documents and information.

     d. Designation as a Potential Bidder.  The Debtors intend to
        continue to work with DFM in connection with DFM's
        designation as a Potential Bidder, including executing an
        appropriate confidentiality agreement pursuant to which
        DFM will provide its financial statements to the Debtors.
        Assuming that DFM meets qualifications for a potential
        bidder, the Debtors anticipate that DFW will be
        designated as a potential bidder in connection with the
        auction.

Attorneys for the Debtors:

         William N. Lobel, Esq.
         Alan J. Friedman, Esq.
         Beth E. Gaschen, Esq.
         Christopher J. Green, Esq.
         LOBEL WEILAND GOLDEN FRIEDMAN LLP
         650 Town Center Drive, Suite 950
         Costa Mesa, CA 92626
         Telephone 714-966-1000
         Facsimile 714-966-1002
         E-mail: wlobel@lwgfllp.com
                 afriedman@lwgfllp.com
                 bgaschen@lwgfllp.com
                 cgreen@lwgfllp.com

Attorneys for Medianews Group, INC., d/b/a Digital First Media:

         Alan H. Martin, Esq.
         M. Reed Mercado, Esq.
         SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
         650 Town Center Drive, 4th Floor
         Costa Mesa, CA 92626
         Telephone: 714.513.5100
         Facsimile: 714.513.5130
         E-mail: amartin@sheppardmullin.com
                 rmercado@sheppardmullin.com

                   About Freedom Communications

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

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

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

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

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


GT ADVANCED: Ch. 11 Plan Goes to March 3 Confirmation Hearing
-------------------------------------------------------------
Judge Henry J. Boroff of the U.S. Bankruptcy Court for the District
of New Hampshire on Feb. 2, 2016, approved the disclosure statement
explaining GT Advanced Technologies, Inc., et al.'s joint plan of
reorganization and scheduled the hearing to consider confirmation
of the plan for March 3, 2016, at 10:00 a.m. (prevailing Eastern
Time).

To be counted as a vote, all Ballots must be received by no later
than Feb. 26.  Objections or responses to confirmation of the Plan
must be received no later than Feb. 26.  The Debtors may file and
serve replies to the objections and a memorandum in support of
confirmation of the Plan on or before Feb. 29.

In connection with the Plan, the Financing Support Parties have
committed $80 million of Exit Financing that will fund, in part,
the Debtors' obligations under the Plan.

Prior to the Disclosure Statement hearing, the Debtors amended the
Plan outline to correct typographical errors.  A blacklined version
of the Disclosure Statement dated Feb. 1, 2016, is available at
http://bankrupt.com/misc/GTAds0201.pdf

                   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 Zolfo Cooper as Panel's Consultant
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of Haggen Holdings,
LLC, et al., sought and obtained permission from the Hon. Kevin
Gross of the U.S. Bankruptcy Court for the District of Delaware to
retain Zolfo Cooper, LLC as bankruptcy consultants and financial
advisors, effective September 21, 2015.

The Committee requires Zolfo Cooper to:

   (a) advise the Committee regarding the sale of the Debtors'
       business or assets, including communicating with potential
       bidders, evaluating bids and attending the sale auction and

       sale hearing;

   (b) monitor the Debtors' cash flow and operating performance,
       including:

       -- comparing actual financial and operating results to
          plans,

       -- evaluating the adequacy of financial and operating
          controls,

       -- tracking the status of the Debtors/Debtors'
          professionals' progress relative to developing and
          implementing programs such as preparation of a business
          plan, identifying and disposing of non-productive
          assets, and other such activities,

       -- preparing periodic presentations to the Committee
          summarizing findings and observations resulting from    

          Zolfo Cooper's monitoring activities;

   (c) analyze and comment on operating and cash flow projections,

       business plans, operating results, financial statements,
       other documents and information provided by the
       Debtors/Debtors' professionals, and other information and
       data pursuant to the Committee's request;

   (d) advise the Committee concerning interfacing with the
       Debtors, other constituencies and their respective
       professionals;

   (e) prepare for and attend meetings of the Committee and
       subcommittees thereof;

   (f) analyze claims and perform investigations of potential
       preferential transfers, fraudulent conveyances, related-
       party transactions and such other transactions as may be
       requested by the Committee;

   (g) analyze and advise the Committee about any proposed plan of

       reorganization, including the related assumptions and
       rationale, and the related disclosure statement; and

   (h) provide other services as requested by the Committee.

Zolfo Cooper will be paid at these hourly rates:

       Managing Directors         $77S-$925
       Professional Staff         $265-$770
       Support Personnel          $60-$310

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

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

       David MacGreevey
       ZOLFO COOPER
       Grace Building
       1114 Avenue of the Americas, 41st Floor
       New York, NY 10036
       Tel: (212) 561-4187
       E-mail: dmacgreevey@zolfocooper.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.


HAGGEN HOLDINGS: Hires Huntley Mullaney as Real Estate Consultant
-----------------------------------------------------------------
Haggen Holdings, LLC and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Huntley, Mullaney, Spargo & Sullivan, Inc. as special real
estate consultant to the Debtors, nunc pro tunc November 18, 2015.

The Debtors require Huntley Mullaney to:

   (a) negotiate with landlords and their agents with respect to
       lease modifications and terminations and present proposed
       transactions to the Debtors for approval;

   (b) assist the Debtors in implementing and negotiating lease
       restructures and terminations;

   (c) provide financial advice and participate in meetings of
       negotiations with creditors, stakeholders, and other
       appropriate parties in connection with the bankruptcy
       filing;

   (d) provide advice on potential sales or other disposition of
       the Debtors real property assets or businesses;

   (e) assist in communication and negotiations with the Debtors
       constituents, including creditors, employees, vendors,
       shareholders and interested parties in connection with a
       lease restructuring plan;

   (f) advise and attend meetings of the Debtors' board of
       directors and committees as needed;

   (g) provide general lease restructuring advice; and

   (h) obtain broker opinions of value from local real estate
       brokers for proposed transactions.

Pursuant to the terms of the Engagement Agreement, Huntley Mullaney
will receive compensation in the following forms: an advisory fee,
monthly fees, and incentive-based and fixed fees:

   -- Advisory Fee: The Debtors have agreed to pay to Huntley
      Mullaney, subject to Court approval, an advance advisory fee

      in the amount of $50,000. The Advisory Fee shall compensate
      Huntley Mullaney for the performance of future services
      pursuant to the Engagement Agreement. The Advisory Fee shall

      be fully earned and nonrefundable when paid, but Huntley
      Mullaney shall credit 100% of the Advisory Fee against
      future incentive fees earned by Huntley Mullaney pursuant to

      the Engagement Agreement.

   -- Monthly Fees: On the first day of each month, Huntley
      Mullaney shall be entitled to a monthly fee in the amount of

      $17,000. An amount equal to $3,500 of each monthly fee will
      be credited to incentive fees earned. In the event that a
      monthly fee is paid for a month in which Huntley Mullaney is

      only retained for a portion of that month, the monthly fee
      will be prorated.

   -- Lease Restructure Incentive Fees: In the event that Huntley
      Mullaney successfully renegotiates the rent terms or
      duration of a lease, Huntley Mullaney shall be paid a fee
      equal to the greater of (a) $10,000 or (b) 10% of the total
      savings achieved for the entire remaining scheduled term of
      the lease, as modified, and the landlord capital
      contribution, if any, and discounted at 3.25%. The Lease
      Restructure Incentive Fee will be capped at $150,000 per
      lease. In addition to the incentive fees referred to in the
      Engagement Agreement, in the case of each Lease Restructure,
      Huntley Mullaney shall receive a $2,500 fixed fee for each
      lease year of base term that is eliminated or converted to
      an option.

   -- Lease Termination Incentive Fees: In the event that Huntley
      Mullaney successfully negotiates the termination of a lease,

      Huntley Mullaney shall be paid a fee equal to the greater of

      (a) $10,000 or (b) 6% of the total key money and other
      consideration received by Debtors and savings achieved as a
      result of the lease termination. The savings are calculated
      by subtracting the maximum amount recoverable by a landlord
      upon rejection of a particular lease pursuant to section 365

      of the Bankruptcy Code from the amount, if any, that Debtors

      agree to pay in settlement thereof. The Lease Termination
      Incentive Fee will be capped at $150,000 per lease for all
      individual leases.

   -- Lease Sale or Sublease Incentive Fees: In the event that
      Huntley Mullaney successfully arranges the sale, assignment,

      or sublease of a leasehold interest to a new tenant, Huntley

      Mullaney shall be paid a fee equal to the greater of (a)
      $10,000 or (b) 4% of the cash received by Debtors, if any,
      and 4% of the value of the Lease Obligation that becomes the

      obligation of the assignee or subtenant; provided, however,
      if the property is assigned or subleased with the services
      of a local broker that is retained by Huntley Mullaney, then

      the Lease Sale or Sublease Incentive Fee is 6% of the cash
      received by Debtors, if any, and 6% of the value of the
      Lease Obligation that becomes the obligation of the assignee

      or subtenant. Huntley Mullaney will retain local brokers
      under a separate brokerage agreement; provided, however,
      that Debtors shall have sole authority to determine whether
      to utilize a local broker and, if so, whom to retain. The
      Lease Sale or Sublease Incentive Fee is payable upon
      execution of a Lease Sale or Sublease, regardless of
      whether the assignee or subtenant was procured by Debtors,
      Huntley Mullaney, any broker or other party. The Lease Sale
      or Sublease Incentive Fee will be capped at $270,000 per
      site.

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

Thomas Mullaney, vice president of Huntley Mullaney, 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.

Huntley Mullaney can be reached at:

       Thomas P. Mullaney
       HUNTLEY, MULLANEY, SPARGO & SULLIVAN, INC.
       3001 Douglas Blvd., Ste. 330
       Roseville, CA 95661
       Tel: (800) 641-3221

                        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: Hires KPMG LLP as Tax Consultants
--------------------------------------------------
Haggen Holdings, LLC and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ KPMG LLP as tax consultants, nunc pro tunc to October 28,
2015.

The Debtors required KPMG LLP to provide the following services:

   (a) Phase 1: Taking into consideration the Debtors' chapter 11
       cases, an analysis and recommendation of:

       -- the appropriate tax treatment of certain real and
          intangible property acquisitions during 2015 (including
          but not limited to the acquiring entity, the disposing
          entity, and all related transfers of property or
          property rights);

       -- the determination of initial tax basis and adjusted tax
          basis in such properties, and

       -- the calculation of gain upon the disposition of such
          properties for U.S. federal and state income tax
          purposes.

   (b) Phase 2: At the conclusion of Phase 1, and at the client's
       request, all other tax consulting services with respect to
       such matters that may arise from the Debtors' chapter 11
       cases including, but not limited to, cancellation of
       indebtedness income, net operating loss limitations,
       worthless stock losses, and related modeling.

KPMG LLP will be paid at these hourly rates:

   Tax Consulting Services Discounted Rate – Phase 1

       Partner                  $780
       Managing Director        $715
       Senior Manager           $667
       Manager                  $537-$618
       Senior Associate         $455
       Paraprofessional         $179-$212

   Tax Consulting Services Discounted Rate – Phase 2

       Partner                  $960
       Managing Director        $880
       Senior Manager           $820
       Manager                  $660-$760
       Senior Associate         $560
       Paraprofessional         $220-$260

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

James E. Carreon, principal of KPMG LLP, 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.

KPMG LLP can be reached at:

       James E. Carreon
       KPMG LLP
       550 South Hope St., Ste. 1500
       Los Angeles, CA 90071-2629
       Tel: (213) 972-4000
       Fax: (213) 622-1217

                       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: Taps Morris Nichols as Special Litigation Counsel
------------------------------------------------------------------
Haggen Holdings, LLC and its debtor-affiliates seek authorization
from the U.S. Bankruptcy Court for the District of Delaware to
employ Morris, Nichols, Arsht & Tunnell LLP as Delaware special
litigation counsel in connection with the Albertson's Litigation,
nunc pro tunc to the September 8, 2015 petition date.

Prior to the Petition Date, and pursuant to an engagement letter
dated August 31, 2015, the Debtors retained Morris Nichols as
Delaware counsel with Boies, Schiller & Flexner LLP in connection
with the following civil court actions: (i) Haggen Holdings, LLC v.
Albertson's LLC & Albertson's Holdings LLC, Case No. 1:15-cv-00768,
which is pending in the United States District Court for the
District of Delaware and (ii) Albertson's LLC and Albertson's
Holdings LLC v. Haggen Holdings, LLC, Case No. N15C-07-161, which
is pending in the Superior Court for the State of Delaware.

The Debtors require Morris Nichols to:

   (a) give advice to the Debtors with respect to the Albertson's
       Litigation;

   (b) prepare and review motions, pleadings, orders,
       applications, adversary proceedings, and other legal
       documents necessary in the prosecution or defense of
       the Albertson's Litigation;

   (c) represent the Debtors in all trials, hearings or
       arbitration proceedings with respect to the Albertson's
       Litigation; and

   (d) protect the interests of the Debtors with respect to the
       Albertson's Litigation.

Morris Nichols will be paid at these hourly rates:

       S. Mark Hurd            $765
       Partners                $565-$910
       Associates              $305-$500
       Paraprofessionals       $260-$300
       Case Clerks             $155

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

S. Mark Hurd, partner in the Corporate and Business Litigation
group at the law firm of Morris Nichols, 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.

Morris Nichols provided in response to the request for additional
information set forth in D.1 of the Revised UST Guidelines:

  -- Morris Nichols was retained by the Debtors pursuant to an
     engagement letter dated August 31, 2015. The billing rates
     and material terms of the prepetition engagement are the same

     as the rates and terms described in this Declaration. No
     adjustments were made to either the billing rates or the
     material financial terms of Morris Nichols' employment by the

     Debtors as a result of the filing of these Chapter 11 Cases.

  -- Morris Nichols is in the process of preparing a prospective
     budget and staffing plan for Morris Nichols' engagement for
     the post-petition period, which is to be approved by the
     client.

Morris Nichols can be reached at:

       S. Mark Hurd, Esq.
       MORRIS, NICHOLS, ARSHT & TUNNELL LLP
       1201 N. Market Street
       Wilmington, DE 19801
       Tel: (302) 658-9200
       E-mail: shurd@mnat.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.



HAGGEN HOLDINGS: Wants to Begin Puyallup Store Closing Sales
------------------------------------------------------------
Haggen Holdings, LLC, and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware for authorization to
commence store closing sales at their Puyallup Store located at
11012 Canyon Rd. East in Puyallip, Washington.

The Debtors relate that according to the analysis conducted by
their management, in consultation with their financial advisors,
two categories of stores were identified: (a) "non-core" stores,
which provide limited benefit to the Debtors and their estates, and
(b) "core" stores, which are located in strategic locations. The
Debtors further relate that they identified 27 locations as the
initial Non-Core Stores ("Phase 1 Stores") for which they would
conduct store closing sales ("Non-Core Store Closing Sales"), many
of which have operating pharmacies on the premises.  The Debtors
add that they have identified 100 additional Non-Core Stores
("Phase 2 Stores") for which it would conduct Non-Core Store
Closing Sales.

The Debtors tell the Court that in addition to conducting the
Non-Core Store Closing Sales, they determined that it was in their
best interest to separately market and sell their interests in the
Non-Core Stores and certain additional assets ("Non-Core Sales").
The Debtors further tell the Court that they obtained Court
approval to sell 36 Non-Core Stores in the aggregate to two
stalking-horse bidders, Gelson's Markets and Smart& Final Stores,
LLC.  The Debtors contend that in addition to the stalking horse
sales, the Court approved the sale of approximately 50 additional
Non-Core Stores to certain third parties and landlords, including
the sale of the Puyallup Store to Albertson's LLC, pursuant to an
asset purchase agreement between certain of the Debtors and
Albertson's.  The Debtors further contend that pursuant to the
Albertson's Asset Purchase Agreement, each of the stores to be
assigned to Albertson's, including the Puyallup Store, is required
to be delivered by the Debtors to Albertson's "dark".  The Debtors
relate that they had decided, in their business judgment, not to
include the Puyallup Store in the Non-Core Store Closing Sales, and
continue to operate and have not yet liquidated the assets of the
Puyallup Store.

The Debtors note that the Court approved a settlement agreement
("Wave Settlement Agreement") between the Debtors and GIG TCG Wave
Master Property Owner LLC, the landlord of certain of the Debtors'
stores, including the Puyallup Store, pursuant to which the parties
agreed that (i) the related lease agreement, as it pertains to the
Puyallup Store, would be assumed and assigned to Albertson's and
(ii) the conditions set forth in Section 5.2 of the Albertson's
APA, as such conditions relate to the Puyallup Store, shall be
satisfied no later than March 10, 2016 ("Puyallup Deadline").

The Debtors have determined that it is necessary to close, and
liquidate the Store Closing Assets consisting of merchandise and
furniture, fixtures and equipment ("FF&E") located at the Puyallup
Store ("Store Closing Sales") prior to March 10, 2016.  The Debtors
tell the Court that they have selected Hilco Merchant Resources,
LLC, as the agent to conduct the Store Closing Sales.  The Debtors
further tell the Court that they are seeking authority to enter
into the Liquidation Agreement, which they determined in their
business judgment, proposes the most favorable terms.

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

   (1) Supplemental Sale Term: The Supplemental Sale Term will
commence on or about Feb. 4, 2016 and terminate no later than March
7, 2016.

   (2) Agent's Undertakings: During the Supplemental Sale Term,
Agent shall, among others, in collaboration with Merchant, (a)
provide qualified supervisors engaged by Agent to oversee the
Management of the Store; (b) determine appropriate point-of-sale
and external advertising for the Store, approved in advance by
Merchant; and (c) determine appropriate discounts of Merchandise,
staffing levels for the Store, approved in advance by Merchant, and
appropriate bonus and incentive programs, if any, for the Store's
employees, approved in advance by Merchant.

   (3) Agent Fee and Expenses: In consideration of its services
hereunder, provided the Gross Cost Recovery is no less than 88%
("Base Fee Threshold"), Agent will earn a fee equal to one half of
one percent ("Agent's Supplemental Fee") of the aggregate Gross
Proceeds of Merchandise sold at the Store.  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 one quarter of one percent for a total Agent's Supplemental Fee
of three quarters of one percent of the aggregate Gross Proceeds of
Merchandise sold at the store and (ii) 100%, Agent's Supplemental
Fee shall be increased by fifteen basis points for a total Agent's
Supplemental Fee of nine tenths of one percent of the aggregate
Gross Proceeds of Merchandise sold at the store.

The Debtors seek authority to sell or transfer certain surplus,
obsolete, non-core, or burdensome assets ("De Minimis Assets")
located at the Puyallup Store, for the highest or best offer
received in accordance with the following De Minimis Asset Sale
Procedures, among others:

   (a) Any such sale or transfer shall be free and clear of all
liens, claims and encumbrances with such liens, claims and
encumbrances attaching only to the proceeds of such sale or
transfer with the same validity, extent and priority as immediately
prior to the transaction.

   (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, as
measured by the amount of cash and other consideration to be
received by the Debtors on account of the assets to be sold ("Sale
Price"), less than or equal to $200,000, objections, if any, must
be in writing and served on the other Notice Parties and counsel to
the Debtors so as to be received by all such parties prior to 4:00
p.m. on the second business day after service of the De Minimis
Asset Sale Notice and must state with specificity the grounds for
the objection.

   (c) 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, objections, if
any, must be in writing and served on the other Notice Parties and
counsel to the Debtors so as to be received by all such parties
prior to 4:00 p.m. on the fifth business day after service of the
De Minimis Asset Sale Notice and must state with specificity the
grounds for the objection.

   (d) If no written objections are timely filed by any of the
Notice Parties in accordance with the applicable provisions of the
De Minimis Asset Sale Procedures, the Debtors are authorized to
immediately consummate such transaction without further order of
the Court or notice to any party.

   (e) All buyers will acquire the De Minimis Assets sold or
transferred by the Debtors pursuant to the De Minimis Asset Sale
Procedures on an "AS IS- WHERE IS" basis without any
representations or warranties from the Debtors as to the quality or
fitness of such assets for either their intended or any other
purposes.

The Debtors relate that they intend to sell the De Minimis Assets
where possible. They further relate that to the extent that the
Debtors are unable to find purchasers for any De Minimis Asset or
determine, in the exercise of their reasonable business judgment,
that any potential recovery from a future sale is outweighed by the
cost of continuing to maintain, relocate and store such De Minimis
Asset, the Debtors seek authority to abandon property in accordance
with the terms of the Liquidation Agreement.

The Debtors' Motion is supported by the Declaration of Jonathan P.
Goulding, Managing Director with Alvarez & Marsal North America,
LLC ("A&M").  A&M assisted the Debtors' management team in
performing a comprehensive analysis of the Debtors' financial
performance, which included an in-depth review of the performance
of the Debtors' grocery stores and the market in which the Debtors
operate.

Haggen Holdings is represented by:

          Matthew B. Lunn, Esq.
          Robert F. Poppiti, Jr., 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

                 - and -

          Frank A. Merola, Esq.
          Sayan Bhattacharyya, 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@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.


HANCOCK FABRICS: Files for Chapter 11 Bankruptcy Anew
-----------------------------------------------------
Hancock Fabrics, Inc., et al., sought Chapter 11 bankruptcy
protection four years after the closure of their prior bankruptcy
cases.

Hancock, a specialty fabric retailer operating 263 stores under the
name "Hancock Fabrics", said that in recent years it has
experienced a challenging business environment and has been
burdened by significant legacy costs.  In 2014 alone, the Company's
noncontributory qualified defined benefit pension program and
supplemental retirement benefit plan costs increased by
approximately $4 million and the total amount by which the plan was
underfunded increased from $28.4 million to $43.8 million.

Hancock employs approximately 4,500 full-time and part time
employees.

For the 2014 fiscal year ending Jan. 31, 2015, Hancock posted a
loss of approximately $3.2 million and earnings before taxes,
depreciation and amortization of approximately $6.8 million.  For
fiscal year ending Jan. 30, 2016, the Company expects to have
revenues of approximately $269 million and a loss of approximately
$3 million on an EBITDA basis.

"Due to these and other factors, the Company has been forced to
rely on bank borrowing to fund its working capital needs, its
required cash contribution to the Company's pension plan, capital
expenditures and its operations," said Dennis Lyons, senior vice
president and chief administrative officer of Hancock.  "These
expenses plus ongoing cash needs have created a leverage situation
that is unsustainable for the future," he added.

Mr. Lyons further disclosed that the Company posted disappointing
sales for the third and fourth quarter of its current fiscal year.
Holiday sales, which typically comprise almost half of the
Company's annual sales, were more than $8 million below forecast.
According to Mr. Lyons, these losses were driven, in part, by
significant discounts offered by some of the Company's principal
competitors and other market conditions affecting retail
businesses.  Moreover, certain of the Company's underperforming
stores represent a disproportionate share of its costs.  As a
result, the Company lacked the necessary liquidity for its
operations.

The Company intends to use the Chapter 11 cases to (i) gain access
to liquidity, (ii) reduce pension and operational costs, (iii)
realign its store locations and format, (iv) execute one or more
options to create value for stakeholders.  Among other things, the
Company is focused on the sale of certain portions or all of its
business as a going concern as well as other third party
investments and asset disposition options.

                  DIP Commitment and Sale Process

Wells Fargo Bank, N.A., and GACP Finance Co., LLC, the agents under
the Debtors' Prepetition Senior Obligations, have consented to the
Company's use of cash collateral. The Company has further secured a
commitment for debtor-in-possession financing from Wells Fargo, as
administrative agent and collateral agent, GACP, as term agent, and
the lenders.  The proposed postpetition financing arrangement
contemplates the sale of the Company's business within less than 45
days following the Petition Date.

After extensive analysis and discussion, management ultimately
determined that 70 stores should be immediately closed and going
out-of-business sales conducted with the assistance of a national
liquidation firm in order to reduce outstanding debt and focus the
Company on a smaller but higher margin store base.

The Company determined that the proposal from Great American Group
represented the most favorable terms to the Company.  The GA Fee
Proposal has an incentive-based commission structure that aligns
Great American's interest with maximizing the value while capping
certain sale related expenses at budgeted amounts agreed to by
Great American.

While the Company is hopeful that a going concern offer will be
finalized and presented, in order to ensure that the proposed
auction process is robust, Lincoln International LLC, the Debtors'
investment banker, was directed to and began solicitation of
back-up liquidation "equity" bids for the 185 stores not identified
for closure.  After analyzing the proposals and competitively
negotiating the terms thereof with each of the firms that submitted
proposals, the Company has accepted a back-up bid from Great
American through an equity agency agreement to monetize the
inventory of the Remaining Stores, inventory in the Company's
distribution center and store fixtures.  The Back-up Bid will set a
floor for the Debtors' postpetition marketing and auction process
in the event that a going concern bid has not been fully developed
in accordance with a proposed sale timeline.

The Back-up Bid includes a guaranteed amount equal to 108% of the
cost value of inventory regardless of the ultimate success of the
GOB sales.  Eighty-five percent of the Guaranteed Amount will be
paid to the Company by the Back-up Bidder upon the commencement of
the proposed GOB sales, with the remainder of the Guaranteed Amount
paid at the completion of the sales.

                          First Day Motions

The Company has requested various types of relief in "first day
motions" in order to minimize the adverse effects of the
commencement of the Chapter 11 cases.  The Company is seeking
permission to, among other things, obtain senior secured
postpetition financing, use cash collateral, pay employee
compensation, use existing cash management system, and prohibit
utility providers from discontinuing services.

A copy of the declaration in support of the First Day Motions is
available for free at:

      http://bankrupt.com/misc/4_HANCOCK_Declaration.pdf

                       About Hancock Fabrics

On March 21, 2007, Hancock Fabrics, including all of its
then-affiliated entities, filed petitions under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Delaware.  The Chapter 11 plan of reorganization was confirmed on
July 22, 2008, and was effective as of Aug. 1, 2008.  The 2007
cases were closed as of Sept. 9, 2010, and were briefly reopened in
September 2011 to seek Bankruptcy approval of the settlement of a
litigation matter.  Following the Bankruptcy Court's approval of
the settlement, the 2007 Bankruptcy Cases were again closed on Nov.
15, 2011.

Hancock Fabrics, Inc. and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10296 to
16-10302) on Feb. 2, 2016.  Dennis Lyons, the senior vice president
and chief administrative officer, signed the petitions.  Judge
Brendan Linehan Shannon is assigned to the cases.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Richards, Layton & Finger, P.A., as local counsel, Clear Thinking
Group LLC as financial advisor, Retail Consulting Services, Inc.
d/b/a Real Estate Advisors as real estate advisors and Kurtzman
Carson Consultants, LLC as claims and noticing agent.

The Debtors disclosed total assets of $151.4 million and total
debts of $182.1 million.  The Debtors owe its trade vendors
approximately $21.2 million as of Jan. 31, 2016.


HML ENTERPRISES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: HML Enterprises, LLC
        P.O. Box 630825
        Nacogdoches, TX 75963

Case No.: 16-90030

Chapter 11 Petition Date: February 2, 2016

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

Judge: Hon. Bill Parker

Debtor's Counsel: Steven Milton Dowd, Esq.
                  LAW OFFICE OF STEVEN M DOWD
                  102 East Hubbard St., Suite 102
                  Lindale, TX
                  Fax: 888-376-0071
                  Email: smdowd9000@aol.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Michael Stradard, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txeb16-90030.pdf


HORSEHEAD HOLDING: Files for Chapter 11 to Restructure Debt
-----------------------------------------------------------
Zinc producer Horsehead Holdings, et al., sought Chapter 11
bankruptcy protection blaming historically low commodity prices and
weaker near-term global demand.

The Debtors said their operating performance has been negatively
impacted by challenges arising from its zinc processing facility
located in Mooresboro, North Carolina.  Since construction began in
2011, the Debtors have experienced a number of significant
operational, production, and equipment issues associated with the
ramp-up of the Mooresboro Facility.  Costs associated with the
Mooresboro Facility significantly exceeded the estimated expenses,
the Debtors maintained.

Zinc prices decreased approximately 30% since 2014 to an average
price of $0.69/lb in December 2015 while Nickel prices declined
roughly 41% over the same period, and averaged $3.94/lb in December
2015, the Debtors disclosed in the bankruptcy filing.

Increased competition in the industry and decreased demand from
their customer base have contributed to their need to restructure
their debts, the Debtors said.  

Last month, Horsehead obtained separate notices of default from
Macquarie Bank Limited, administrative agent under the Debtors'
asset-based lending facility, and Bank, N.A., administrative agent
under the Debtors' asset-based lending facility which resulted in
the closure of certain of the Debtors' bank accounts.  Both
Macquarie and PNC have agreed to temporarily forbear from
exercising their rights and remedies related to those defaults.

The Debtors seek to obtain a financing package to address their
liquidity needs, enable them to operate their businesses in a
manner that will permit them to preserve and maximize the value of
their estates, and avoid immediate and irreparable harm to their
estates and stakeholders.  The Debtors said they are finalizing
negotiations with respect to a financing package, which will
provide for the terms and conditions of debtor-in-possession
financing.

In addition, the Debtors and certain holders of their Senior
Secured Notes have negotiated, among other things, the following
Chapter 11 plan milestones:

* file a plan of reorganization acceptable to certain DIP lenders

   and the ad hoc group of Senior Secured Note holders, on the one
   hand, and the Debtors, on the other hand within 40 days of the
   Petition Date;

* file a disclosure statement with respect to the Acceptable Plan
   with the Court within 40 days of the Petition Date;

* entry of an order confirming the Acceptable Plan within
   115 days of the Petition Date; and

* consummation of the Acceptable Plan within 130 days of the
   Petition Date.

                        First Day Motions

Contemporaneously with the petitions, the Debtors have filed a
number of first day motions seeking, among other things, authority
to obtain postpetition financing, use cash collateral, continue
using existing cash management system, pay employee compensation,
pay critical vendor claims, and prohibit utility providers from
discontinuing services.

A copy of the declaration in support of the First Day Motions is
available for free at:

      http://bankrupt.com/misc/16_HORSEHEAD_Declaration.pdf

                     About Horsehead Holding

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016.  The petition
was signed by Robert D. Scherich as vice president and chief
financial officer.  Judge Christopher S. Sontchi is assigned to the
case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors currently employ approximately 730 full-time
individuals.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million.  As of the Petition Date, the
Debtors' consolidated long-term debt obligations totaled
approximately $420.7 million.


JHK INVESTMENTS: CBIZ' Fees Cap Increased $48K for Additional Tasks
-------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Connecticut
authorized JHK Investments, LLC, to modify scope and terms of
employment of CBIZ MHM, LLC, as accountants to include preparation
of federal and state tax returns for calendar years 2013 and 2014.

The Court also granted the request to increase the associated cap
on fees in connection with the modified scope.  The cap on fees for
the services is increased by $24,000 so that the CBIZ cap will now
be $48,000.

                       About JHK Investments

JHK Investments, LLC, filed a Chapter 11 petition (Bankr. D. Conn.
Case No. 12-51608) in Bridgeport, Conn., on Aug. 29, 2012,
estimating under $100 million in assets and more than $10 million
in liabilities.  Bankruptcy Judge Alan H. Shiff presides over the
case.  James Berman, Esq., Lawrence S. Grossman, Esq., Craig I.
Lifland, Esq., and Aaron Romney, Esq., at Zeisler & Zeisler, P.C.,
represent the Debtor.

Westport, Connecticut-based JHK is an investment company founded
by the former senior management team of United States Surgical
Corporation.  Founded by Leon C. Hirsch in 1963, USSC became a
global medical device manufacturer with sales exceeding
$1.2 billion and employing $4,000 Connecticut residents.  The
Debtor disclosed $38,690,639 in assets and $32,127,278 in
liabilities as of the Chapter 11 filing.

Following the success of USSC, Mr. Hirsch and two other senior
USSC executives created JHK in order to produce and develop new
markets and penetrate established markets throughout the world for
high-tech medical devices.  JHK owns equity in several start-up
medical subsidiaries.  The start-ups include Interventional
Therapies, LLC, Auditory Licensing Company, LLC, Biowave
Corporation, Gorham Enterprises, LLC, and American Bicycle Group,
LLC.

Bay City claims to be owed $31 million for funding provided to the
Debtor since January 2011.  The principals at JHK -- Mr. Hirsch,
Turi Josefsen, and Robert A. Knarr -- guaranteed JHK's
obligations, pledged the property in Wilton, Connecticut to secure
obligations under the guaranty, and pledged all equity interests
of JHK.

In March 2012, Eleuthera, in its capacity as administrative agent
for Bay City, declared an event of default as a result of the
passage of the maturity date and the failure to pay the entire
amount outstanding.  On Aug. 28, 2012, Bay City and Eleuthera
purported to exercise the pledge agreements insofar as they
purported to register the Principals' interest in JHK in the name
of Eleuthera, as nominee for Bay City, and purported to reserve
their right to exercise voting rights in JHK.


KALOBIOS PHARMACEUTICALS: Balks at UST Bid for Independent Trustee
------------------------------------------------------------------
KaloBios Pharmaceuticals, Inc. on Feb. 2 released a statement in
response to the motion filed on February 1, 2016 by the U.S.
Trustee in the Company's Chapter 11 bankruptcy proceeding, In re
KaloBios Pharmaceuticals Inc., Case No. 15-12628.  The U.S.
Trustee's motion seeks appointment of an independent trustee to
manage the Company or, in the alternative, conversion of the case
to a
Chapter 7 proceeding.

The Company's statement reads as follows:

"KaloBios Pharmaceuticals, Inc. is deeply disappointed that the
U.S. Trustee took the unfortunate and unnecessary step of filing
this motion at what is a critical juncture in KaloBios's nascent
reorganization case.  After focusing on stabilizing its operations
during the initial few weeks of its reorganization case, KaloBios's
leadership has recently been able to apply more of its attention to
the path forward for the company.  KaloBios's leadership, key
personnel and professional advisors are dedicated to the company's
revitalization and are working tirelessly toward that goal.

"KaloBios vigorously disputes the motion's baseless allegations and
that there is any cause for the appointment of a chapter 11 trustee
or other relief that would be disruptive to the company's current
reorganization efforts.  Unfortunately, the U.S. Trustee did not
contact KaloBios in advance of the filing of the motion.  Had there
been an opportunity for such pre-filing communication, KaloBios
could have informed the U.S. Trustee that several of the factual
premises for the motion are false, including, but not limited to,
the assertions that a transaction with Savant neglected Diseases
LLC "is now off the table" and that KaloBios has only $2.9 million
in unencumbered cash.  KaloBios intends to request a prompt hearing
on the motion before the Bankruptcy Court."

                   About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a company biopharmaceutical company focused on the
development of monoclonal antibody therapeutics.

The Company's balance sheet at March 31, 2015, showed $32.0 million
in total assets, $15.9 million in total liabilities, and a
stockholders' deficit of $16.1 million.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company is represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.


KALOBIOS PHARMACEUTICALS: UST Balks at Morris Nichols Hiring
------------------------------------------------------------
Kali Hays at Bankruptcy Law360 reported that the U.S. trustee in
the Delaware bankruptcy of KaloBios Pharmaceuticals Inc. on Jan.
29, 2016, pushed back against the company's proposed hiring of
Morris Nichols Arsht & Tunnell LLP, saying the firm improperly
wants the estate to cover the costs of Morris defending itself over
any contested fee application.

Andrew R. Vara said in his objection that Morris' engagement letter
with KaloBios asks that the law firm be "indemnified and entitled"
to payment from the debtors if and when the firm's monthly
bankruptcy-related fees are challenged.

                 About KaloBios Pharmaceuticals

Based in South San Francisco, Calif., KaloBios Pharmaceuticals,
Inc., is a company biopharmaceutical company focused on the
development of monoclonal antibody therapeutics.

The Company's balance sheet at March 31, 2015, showed $32.0
million in total assets, $15.9 million in total liabilities, and a
stockholders' deficit of $16.1 million.

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Dec. 29, 2015, filed a
voluntary petition for bankruptcy protection under Chapter 11 of
Title 11 of the United States Bankruptcy Code.  The filing was
made in the U.S. Bankruptcy Court for the District of Delaware
(Case No. 15-12628).

The Company is represented by Eric D. Schwartz of Morris, Nichols,
Arsht & Tunnell.
\


KU6 MEDIA: Gets Acquisition Proposal From Controlling Shareholder
-----------------------------------------------------------------
Ku6 Media Co., Ltd., announced that its Board of Directors has
received a preliminary non-binding proposal letter dated Feb. 1,
2016, from Shanda Interactive Entertainment Limited, the
controlling shareholder of the Company.  According to the Proposal,
the Proposing Buyer proposed to acquire the Company in a "going
private" transaction for US$0.0108 per ordinary share, or US$1.08
per American depositary shares (each representing 100 ordinary
shares).  Based on the offer price, the Proposal values the Company
at approximately US$51.5 million in fully enlarged equity value.
According to the Proposal, the offer price represents a premium of
54% over the closing price of the Company's ADSs on Jan. 29, 2016,
a premium of 42% over the average closing price of its ADSs during
the last 30 trading days and a premium of 52% over the average
closing price of its ADSs during the last 60 trading days.

As of Feb. 1, 2016, the Proposing Buyer beneficially owned, in the
aggregate, approximately 69.9% of the Company's outstanding
shares.

According to the Proposal, the proposed transaction is intended to
be financed with cash at hand of the Proposing Buyer.  The
Proposing Buyer's proposal letter states that its proposal
constitutes only a preliminary indication of its interest and is
subject to negotiation and execution of definitive agreements
relating to the proposed transaction.

The Board is reviewing and evaluating the Proposing Buyer's
Proposal, and the Company expects that the Board will form a
special committee consisting of independent directors to evaluate
and, if appropriate, negotiate the Proposal and to consider other
strategic options available to the Company.

The Company cautions its shareholders and others considering
trading its securities that the Board has just received the
proposal letter and has not made any decision with respect to the
Company's response to the Proposal.  There can be no assurance that
any definitive offer will be made by the Proposing Buyer or any
other person, that any definitive agreement will be executed
relating to the proposed transaction, or that the proposed
transaction or any other transaction will be approved or
consummated.

According to the proposal letter, Davis Polk & Wardwell is acting
as U.S. counsel to Shanda Interactive Entertainment Limited.

                         About Ku6 Media

Ku6 Media Co., Ltd. -- http://ir.ku6.com/-- is an Internet video
company in China focused on User-Generated Content.  Through its
premier online brand and online video Web site --
http://www.ku6.com/-- Ku6 Media provides online video uploading
and sharing service, video reports, information and entertainment
in China.

As of Dec. 31, 2015, the Company had $9.01 million in total assets,
$14.31 million in total liabilities and a $5.29 million total
shareholders' deficit.

PricewaterhouseCoopers Zhong Tian LLP, in Shanghai, the People's
Republic of China, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that the Company's recurring losses, negative working
capital, net cash outflows, and uncertainties associated with
significant changes made, or planned to be made, in respect of the
Company's business model, raise substantial doubt about the
Company's ability to continue as a going concern.


LAGO RESORT: Moody's Assigns B2 Rating on $255MM 1st-Lien Facility
------------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to Lago Resort &
Casino, LLC's $255 million first lien credit facility, consisting
of a $15 million 6-year first lien senior secured revolver and a
$240 million 6-year first lien senior secured term loan.  At the
same time, Moody's assigned a Caa2 to the company's proposed $85
million 6.5-year second lien term loan, a B3 Corporate Family
Rating and a B3-PD Probability of Default Rating.  The rating
outlook is stable.  This is a first time rating for Lago Resort &
Casino and all ratings are subject to final review of
documentation.

Proceeds from the $240 million and $85 million term loans, along
with $15 million of vendor financing, $100 million of cash equity,
and $10 million of casino operating cash flow will be used to
finance the construction of the Lago Resort & Casino -- a full
scale casino located in Tyre, New York in the Finger Lakes region
of New York State.  The casino, which is located between Rochester
and Syracuse, is expected to open in the first half of 2017.  The
project will have 94,000 square feet of gaming space, 2,000 slots,
85 table games (including poker tables) and a 205 room hotel which
is expected to open about six months after the casino.  "The Lago
project has clear competitive advantages over existing commercial
racinos in New York, including the ability to offer live table
games, its proximity to the large population centers of Rochester
and Syracuse, as well as its favorable tax rate", said Moody's
Analyst Peter Trombetta.

New ratings assigned:

  Corporate Family Rating at B3
  Probability of Default Rating at B3-PD
  $15 million 6-year first lien senior secured revolver at B2
   (LGD3)
  $240 million 6-year first lien senior secured term loan at B2
   (LGD3)
  $85 million 6.5-year second lien senior secured term loan at
   Caa2 (LGD5)

RATINGS RATIONALE

The B3 Corporate Family Rating reflects the ground-up,
debt-financed nature of this casino development project, ramp-up
risk associated with most new casino projects, and the single asset
profile of Lago.  The B3 rating also takes into consideration the
competitive market Lago will be operating in -- there are five
gambling facilities, including four racinos and one Native American
full scale casino within 100 miles of Lago's location.  Moody's
expects leverage of about 5.7 times at the end of its first full
year of operations -- a level considered high for a company reliant
upon a single casino for its earnings.

Positive rating considerations include Lago's position as the only
full scale casino accessible by the populous cities of Rochester
and Syracuse, its ability to offer live table games which are not
available at nearby racinos, and its favorable tax rate.  The
closest full scale casino to Lago is the Oneida Indian Nation's
Turning Stone Resort Casino (unrated) located in Verona, New York
-- about 75 miles east of Lago -- which opened in 1993.  New York's
gaming regulation calls for Lago to pay a 37% tax rate on slot
revenue and 10% tax rate on table game revenue, as compared to the
greater than 50% tax rate for the existing racinos.

The stable rating outlook is based on Moody's expectation that Lago
will have sufficient funds to complete construction, including an
additional reserve that extends three months beyond the
construction period and the appropriate level of contingency
reserves typically provided for this type of development project.
The stable outlook does not anticipate any material adverse impact
from on-going litigation related to the issuance of a gaming
license to Lago.

A ratings upgrade is not expected during the construction period.
However, once construction is complete, Lago's ratings could be
upgraded if the project successfully ramps up and debt/EBITDA
approaches 5.0x.

Ratings could be downgraded if the project experiences significant
cost over-runs or construction delays, and/or if lawsuits result in
potential disruption to or the cessation of the casino's
development or operations.  Beyond the construction period, ratings
could be downgraded if the ramp-up performance of Lago is slower
than expected and results in debt/EBITDA above 6.0 times.

Lago Resort & Casino, LLC is developing a $467 million casino
property in Tyre, NY, located in the Finger Lake region of New York
State.  The casino will be located in between the cities of
Rochester and Syracuse, about 50 miles from each.  The project is
expected to open in the first half of 2017 and will be managed by
JNB Gaming which has operated projects in Kansas and Iowa.  Lago is
owned Wilmot Gaming, LLC (50%) and PGP Investors, LLC (50%) which
is a joint venture between Peninsula Pacific and JNB Gaming. The
project is expected to generate approximately $250 million of
revenues annually once it has fully ramped up.

The principal methodology used in these ratings was Global Gaming
Industry published in June 2014.



LATTICE INC: Bard Associates Holds 6.3% Stake as of Dec. 31
-----------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Bard Associates, Inc. disclosed that as of Dec. 31,
2015, it beneficially owns 4,042,663 shares of common stock of
Lattice Incorporated representing 6.3 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://goo.gl/w87OVp

                        About Lattice Inc.

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

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

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

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


MAGNUM HUNTER: Files Bankruptcy Rule 2015.3 Report
--------------------------------------------------
Magnum Hunter Resource Corp. and its affiliates filed a report with
the U.S. Bankruptcy Court in Delaware, disclosing that they hold
interest in these companies as of Jan. 19, 2016:

   Companies                              Interest of Estate  
   ---------                              ------------------  
   54NG, LLC                                      100%
   Arkoma Gathering, LLC                           25%
   Daugherty Petroleum N.D. Ventures LLC          100%
   Eureka Hunter Holdings LLC                   45.53%
   Magnum Hunter Midstream LLC                    100%
   MHR Acquisition Company II LLC                 100%
   MHR Acquisition Company I LLC                  100%
   MHR Acquisition Company III LLC                100%
   MHR Management LLC                             100%
   NSE Hunter LLC                                 100%
   Outback Shale Hunter Pty Ltd                   100%
   Sentra Corporation                             100%
   VIRCO Pipeline of Ohio LLC                     100%
   VIRCO Pipeline of West Virginia LLC            100%

Magnum Hunter filed the report pursuant to Bankruptcy Rule 2015.3.
The report is available for free at http://is.gd/NpsstK

                  About Magnum Hunter Resources

Irving, Texas-based Magnum Hunter Resources Corporation, an oil and
gas company that primarily engaged, through its subsidiaries, in
the acquisition, development, and production of oil and natural gas
reserves in the United States, said these macroeconomic factors,
coupled with the their substantial debt obligations and natural gas
gathering and transportation costs, strained their ability to
sustain the weight of their capital structure and devote the
capital necessary to maintain and grow their businesses.  MHRC's
total number of drilling rigs in operation in the United States is
just 38 percent of the number of rigs that were in operation just
one year ago.

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

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


METINVEST BV: Gets Temporary Creditor Shield in United States
-------------------------------------------------------------
Matt Chiappardi at Bankruptcy Law360 reported that a Delaware
bankruptcy gave Metinvest BV, one of Ukraine's largest steel mining
companies, a temporary shield in the United States from some
creditors on Jan. 29, 2016, until the firm devastated by armed
conflict in the Eastern European country has a hearing to fully
recognize its court-supervised $2 billion debt restructuring in
London.

During a hearing in Wilmington, U.S. Bankruptcy Judge Laurie Selber
Silverstein granting provisional relief under Chapter 15 of the
Bankruptcy Code, which bars certain creditors from taking action
against Metinvest's U.S. subsidiaries.

                       About Metinvest B.V.

Svitlana Romanova, in her capacity as foreign representative of
Metinvest B.V., filed a Chapter 15 bankruptcy petition in the U.S.
Bankruptcy Court for the District of Delaware (Bankr. D. Del. Case
No. 16-10105) on Jan. 13, 2016, in the United States, seeking
recognition of a scheme of arrangement under part 26 of the English
Companies Act 2006 currently pending before the High Court of
Justice of England and Wales.

The Debtor and its subsidiaries claim to be the largest vertically
integrated mining and steel business in Ukraine.  

Joseph M Barry, Esq., at Young Conaway Stargatt & Taylor, LLP,
counsel for the petitioner, said the Metinvest Group has struggled
in recent years in light of the ongoing political turmoil in
Ukraine since the end of 2013, which has negatively impacted
Ukraine's economy and the protracted slump in prices for steel
products, coal, and iron ore throughout much of 2014 and 2015.

The petitioner has engaged Young, Conaway, Stargatt & Taylor and
Allen & Overy LLP as her as counsel.  

Judge Laurie Selber Silverstein has been assigned the case.


MGM RESORTS: Unit Inks $525 Million Credit Agreement with BofA
--------------------------------------------------------------
MGM National Harbor, LLC, a subsidiary of MGM Resorts
International, entered into a credit agreement, by and among the
Company, certain lenders party thereto and Bank of America, N.A.,
as administrative agent.  The Credit Agreement is comprised of a
$425 million term loan A facility and a $100 million revolving
facility.  The revolving and term loan A facilities will initially
bear interest at a LIBOR rate plus an additional rate ranging from
2.00% to 2.25% per annum (determined based on a consolidated total
leverage ratio).  The term loan A and revolving facilities are
scheduled to mature in January 2021.

The Credit Agreement contains customary representations and
warranties, events of default, affirmative covenants and negative
covenants, which impose restrictions on, among other things, the
ability of the Company and its restricted subsidiaries to make
investments, pay dividends, sell assets, and to incur additional
debt and additional liens.  In addition, the Credit Agreement
requires the Company and its restricted subsidiaries to maintain a
maximum consolidated total leverage ratio and a minimum
consolidated interest coverage ratio.  In addition, borrowings
under the Credit Agreement are subject to a customary "in balance
test", which looks to the sufficiency of the Company's available
resources to complete the MGM National Harbor casino resort.

The Credit Agreement is secured by a leasehold mortgage on MGM
National Harbor and substantially all of the existing and future
property of MGM National Harbor.

Mandatory prepayments of the Credit Agreement will be required upon
the occurrence of certain events, including sales of certain
assets, casualty events and the incurrence of certain additional
indebtedness, subject to certain exceptions and reinvestment
rights.  In addition, to the extent the Company generates excess
cash flow, a percentage of such excess cash flow (ranging from 0%
to 50% based on a consolidated total leverage ratio) will be
required to prepay the Credit Agreement.

                        About MGM Resorts

MGM Resorts International (NYSE: MGM) a global hospitality
company, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage.  The
Company also owns 51% of MGM China Holdings Limited, which owns
the MGM Macau resort and casino and is in the process of
developing a gaming resort in Cotai, and 50% of CityCenter in Las
Vegas, which features ARIA resort and casino.  For more
information about MGM Resorts International, visit the Company's
Web site at www.mgmresorts.com.

MGM Resorts reported a net loss attributable to the Company of
$156.60 million in 2013 following a net loss attributable to the
Company of $1.76 billion in 2012.

As of June 30, 2015, the Company had $27.1 billion in total assets,
$17.9 billion in total liabilities, $5 million in redeemable
noncontrolling interest and $9.1 billion in total stockholders'
equity.

                         Bankruptcy Warning

The Company stated in its 2013 Annual Report, "The agreements
governing our senior secured credit facility and other senior
indebtedness contain restrictions and limitations that could
significantly affect our ability to operate our business, as well
as significantly affect our liquidity, and therefore could
adversely affect our results of operations.  Covenants governing
our senior secured credit facility and certain of our debt
securities restrict, among other things, our ability to:

   * pay dividends or distributions, repurchase or issue equity,
     prepay certain debt or make certain investments;

   * incur additional debt;

   * incur liens on assets;

   * sell assets or consolidate with another company or sell all
     or substantially all assets;

   * enter into transactions with affiliates;

   * allow certain subsidiaries to transfer assets; and

   * enter into sale and lease-back transactions.

Our ability to comply with these provisions may be affected by
events beyond our control.  The breach of any such covenants or
obligations not otherwise waived or cured could result in a
default under the applicable debt obligations and could trigger
acceleration of those obligations, which in turn could trigger
cross defaults under other agreements governing our long-term
indebtedness.  Any default under our senior secured credit
facility or the indentures governing our other debt could
adversely affect our growth, our financial condition, our results
of operations and our ability to make payments on our debt, and
could force us to seek protection under the bankruptcy laws."

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised
the outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics,
albeit modestly. Additionally, the company's declaration of a $400
million dividend ($204 million to MGM) from its 51% owned Macau
joint venture due to be paid shortly will also improve the
company's liquidity profile. The ratings also consider MGM's
recent bank amendment that resulted in about 50% of its
$3.5 billion senior credit facility being extended one year from
2014 to 2015.

As reported by the TCR on Sept. 29, 2014, Fitch Ratings has
upgraded MGM Resorts International's (MGM) and MGM China Holdings
Ltd's (MGM China) IDRs to 'B+' from 'B' and 'BB' from 'BB-',
respectively.  Fitch's upgrade of MGM's IDR to 'B+' and the
Positive Outlook reflect the company's strong performance on the
Las Vegas Strip and in Macau as well as Fitch's longer-term
positive outlooks for these markets.


MILLER ENERGY: Confirms Amended and Revised Plan of Reorganization
------------------------------------------------------------------
BankruptcyData reported that the U.S. Bankruptcy Court issued an
order confirming Miller Energy Resources' Amended and Revised Joint
Chapter 11 Plan of Reorganization.

As previously reported, "The Debtors' mid-point estimated
Enterprise Value is $151 million.  Because the Lenders have a lien
on substantially all assets of each of the Debtors, this requires
the bifurcation of the Credit Agreement Claims of $189.7 million
into the Lender Secured Claims aggregating $151 million and the
Lender Deficiency Claims aggregating $38.7 million.  The Lender
Secured Claims would thus be entitled to the full value of the
Debtors and there would be no value left for distribution to
Unsecured Creditors.  

The Lenders have nevertheless consented to the Distributions to
Unsecured Creditors as part of the global settlement on the
condition that they vote to accept the Plan, which would avoid the
need for a contested and potentially expensive Plan confirmation
process."  This independent exploration and production company
filed for Chapter 11 protection on Oct. 1, 2015, listing
$767 million in prepetition assets.

                  About Miller Energy Resources

Miller Energy Resources, Inc. --
http://www.millerenergyresources.com/-- is an oil and natural gas

production company focused on Alaska.  The Company has a
substantial acreage, reserve, and resource position in the State,
significant midstream and rig infrastructure to support production,
and 100% working interest in and operatorship of most of its
assets.

Miller Energy Resources and 10 of its affiliates filed Chapter 11
bankruptcy petitions (Bank. D. Alaska Proposed Lead Case No.
15-00236) on Oct. 1, 2015.  Carl F. Giesler, Jr., signed the
petition as chief executive officer.

The Debtors disclosed total assets of $392,559,000 and total debts
of $336,910,000 as of Jan. 31, 2015.

Judge Gary Spraker is assigned to the case.  The Debtors have
engaged Andrews Kurth LLP as counsel, Seaport Global Securities as
financial advisor, and Prime Clerk as claims and noticing agent.

On Aug. 6, 2015, Cook Inlet, a wholly-owned by MER, became the
subject of an involuntary Chapter 11 case filed by four creditors
asserting to have an aggregate claim of $2.8 million.  The
petitioning creditors were Baker Hughes Oilfield, M-I LLC,
Schlumberger Tech. Corp, and Baker Petrolite, LLC.  Judge Spraker
granted an order for relief under Chapter 11 of the Bankruptcy Code
on Oct. 2, 2015.


MOBIVITY HOLDINGS: Holds Meeting with Investors and Analysts
------------------------------------------------------------
The management team of Mobivity Holdings Corp., including the
President and Chief Executive Officer, Dennis Becker, conducted one
or more meetings with investors and analysts of the Company.
Management used an investor presentation containing financial data
and other information regarding Mobivity to assist the investors
and analysts with their understanding of the business and financial
performance of Mobivity.  A copy of the investor is available for
free at http://is.gd/EONhvB

                      About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity Holdings reported a net loss of $10.4 million in 2014, a
net loss of $16.8 million in 2013, a net loss of $7.33 million in
2012, and a net loss of $16.3 million in 2011.

As of Sept. 30, 2015, the Company had $7.09 million in total
assets, $915,000 in total liabilities and $6.18 million in total
stockholders' equity.


MODULAR SPACE: Moody's Lowers CFR to Caa1 & Puts on Review
----------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating of
Modular Space Holdings, Inc.'s (ModSpace) to Caa1 from B2 and the
rating of senior secured notes issued by ModSpace's wholly owned
subsidiary Modular Space Corporation, to Caa2 from B3. Further,
Moody's placed all ratings on review for downgrade.

RATINGS RATIONALE

The rating action reflects ModSpace's continuing weak financial
performance and Moody's concerns with respect to the company's
ability to continue its operations if it fails to renegotiate its
$800 million asset based (ABL) revolving credit facility.

ModSpace's auditors expressed doubt with the company continuing as
a going concern if the facility is not renewed, triggering a
violation of the financial statements reporting requirement under
the ABL facility.  The lenders of the ABL facility have granted
ModSpace a waiver on the requirement violation until Feb. 27.
ModSpace does not have sufficient capital and liquidity to pay off
the $583 million of outstanding obligations under the facility.
Therefore, an unsuccessful renegotiation, absent a refinancing,
would likely lead to a corporate restructuring.  In such a
circumstance, Moody's expects significant losses on the $375
million senior notes, given that the lenders of the secured ABL
facility have first lien on a majority of the company's assets.

ModSpace's financial performance remains weak, delaying expected
deleveraging.  The company's leverage remains high, with Debt to
EBITDA measuring 8.6x for the fiscal year ended Sept. 30, 2015.
Even if ModSpace is successful in renegotiating its current ABL
facility or in refinancing with a new ABL facility, it would likely
be at more disadvantageous terms, such as with a higher interest
rate.  This would further exacerbate the company's already weak
profitability.

During its review, Moody's will continue to assess the likelihood
of the ABL facility renewal and the company's ability to receive
alternative funding in case the facility is not renewed.

ModSpace's ratings could be downgraded if it fails to renew its ABL
facility by the end of the waiver period, without securing
alternative financing.

The principal methodology used in these ratings was Finance
Companies published in October 2015.

Based in Berwyn, PA, ModSpace is a North America-based provider of
modular buildings, storage, and services for temporary and
permanent space needs.



NEPHROS INC: Estimates $1.8M Net Product Revenue for 2015
---------------------------------------------------------
Nephros, Inc., disclosed that net product revenue for the year
ended Dec. 31, 2015, is estimated to be approximately $1.8 million
versus approximately $0.9 million for the year ended Dec. 31, 2014.
Net licensing and royalty revenue for the year ended Dec. 31,
2015, is estimated to be approximately $150 thousand versus
approximately $800 thousand for the year ended Dec. 31, 2014.

S100 510(k) Update

The Company filed for 510(k) clearance for its S100 Point of Use
microfilter with the U.S. Food and Drug Administration (FDA) in
late October 2015.  In late December 2015, the FDA requested
additional information.  The Company is currently performing the
additional testing and expects to be able to provide the needed
supplemental information to the FDA in February 2016.  Pending FDA
clearance, the Company aims to launch the S100 in the second
quarter of 2016.

Endotoxin Filter Cartridge Update

The Company intends to file for 510(k) clearance of its endotoxin
cartridge filter in March 2016.  The endotoxin cartridge filter is
designed to provide hemodialysis quality water through
ultrafiltration of the water in a dialysis clinic's reverse osmosis
loop.  Because the cartridge conforms to the design controls of the
DSU-D, and has the same intended use, the cartridge qualifies for
the Special 510(k): Device Modification process, which has a 30 day
FDA review timeline.  Pending FDA clearance, the Company aims to
launch the filter in the second quarter of 2016.

Additional New Filtration Products

AETHER Bacterial Filter: By March 2016, the Company intends to
deliver the first lot of bacterial filter cartridges to Biocon 1,
LLC for inclusion in its AETHER Water System product offering
targeting the food service industry.

SSUmini: In March 2016, the Company intends to launch the SSUmini,
a smaller version of the SSU-D, designed to provide hemodialysis
quality water as a polish filter for small, portable RO systems and
to provide hemodialysis quality bicarbonate concentrate for
dialysis clinics with centralized bicarbonate systems.

Flushable Filter Cartridge, Large System: Over the last few years,
the Company has been developing a high-throughput, auto-flushing
filter system capable of handling 25 gallons per minute, or
greater, through the Company's proprietary 5 nanometer fiber
membrane.  The flushable filter system is designed to remove
submicron particulates in closed loop water systems, including
cooling systems for data centers and hot water return loops in
commercial buildings.  Initial data suggests the ability to remove
both organic and inorganic particulates.  The Company intends to
provide limited release of a 25 GPM system to specific customers
for additional testing and validation by the third quarter of
2016.

Flushable Filter Cartridge, Small System: In 2016, the Company
intends to develop flushable filter cartridges capable to filtering
2.5, 5 and 10 GPM through the Company's proprietary 5 nanometer
fiber membrane.  The smaller flushable filter systems have
potential utility as a point-of-entry water purification system in
restaurants, convenience stores and households.  The Company
intends to provide limited release through its strategic
partnership with Biocon 1, LLC in the second half of 2016.

HDF Systems

In January 2016, the Company finalized and implemented a software
update to its OLpur H2H Hemodiafiltration System.  The update
incorporated feedback from system users to improve the alignment of
the system with standard work flows.  Additionally, the Company
worked with system users to update the policies and procedures for
the system, as well as the training modules for system user
certification.

In the second quarter of 2016, the Company aims to launch HDF
treatment at a major academic institution to begin the process of
developing observational data on the HDF experience in the US
dialysis clinic setting.

2016 Outlook

"We continue to make progress toward our operational goals on our
path to being cash flow positive by the end of this year," said
Daron Evans, president and chief executive officer of Nephros. "Our
expanded ultrafilter portfolio in combination with our
strengthening distributor partnerships in the hospital, dialysis
and food service industries positions us well to accelerate our
revenue growth in 2016 and beyond.  We also look forward to
CamelBak's release of the Microbiological Advanced Purification
System, which includes technology licensed from Nephros, later this
year."

"Our progress on the HDF system is particularly exciting.  This
year we hope to shift the focus from operational observation to
clinical observation, which could help further educate patients and
nephrologists in the U.S. about the benefits of HDF therapy."

                           About Nephros

River Edge, N.J.-based Nephros, Inc., is a commercial stage
medical device company that develops and sells high performance
liquid purification filters.  Its filters, which it calls
ultrafilters, are primarily used in dialysis centers and
healthcare facilities for the production of ultrapure water and
bicarbonate.

Nephros reported a net loss of $7.37 million on $1.74 million of
total net revenues for the year ended Dec. 31, 2014, compared to
net income of $1.32 million on $1.74 million of total net revenues
for the year ended Dec. 31, 2013.

As of June 30, 2015, the Company had $3.4 million in total assets,
$9.3 million in total liabilities and a stockholders' deficit of
$5.9 million.

Withum Smith+Brown PC, in Morristown, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has incurred
negative cash flow from operations and recurring net losses since
inception.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.


NEW GULF RESOURCES: Can Pay $250K to 10 Non-Insider Employees
-------------------------------------------------------------
Judge Brendan Linehan Shannon of the United States Bankruptcy Court
for the District of Delaware authorized New Gulf Resources, LLC,
and its debtor affiliates to implement their retention program,
including making payments in an amount not to exceed $250,000.

According to the Debtors, implementing the Retention Program will
allow them to combat declines in the morale of the 10 key,
non-insider employees, that may arise from the Debtors' current
circumstances and the unease that the employees may develop
regarding their employer's bankruptcy filing.  The Debtors asserted
that, at this critical time in their Chapter 11 Cases, maintaining
employee morale among the Participants that function in various
segments of their operations is essential to efficiently progress
towards confirmation of a value-maximizing Chapter 11 plan
confirmation.  Therefore, the costs associated with the Retention
Program are reasonable and necessary and are justified by the
benefits that the Debtors will realize as a result of the services
of the Participants in the Retention Program, the Debtors said.

The Debtors asserted that the Retention Program provides assurance
to non-insider employees compensation while they support the
restructuring efforts and proposes a benefit of 10.2% to 22.1% of
base salary to the ten Participants, whose average salary is
$151,800.  According to the Debtors, the Participants are employed
in a broad range of areas, including finance, legal, human
resources, and operations, and they are parties that the Debtors'
senior management identified as providing essential contributions
to the businesses.  Without the continued services of the
Participants, the Debtors asserted that their ability to preserve
the going-concern value of their business and pursue a value
maximizing restructuring would be jeopardized.

The Debtors added that each Participant's Retention Payment will
not be paid until the earlier of the Debtors' emergence from
bankruptcy or 180 days after the Petition Date, and the Retention
Payment is only earned and payable if the Participant is employed
by the Debtors on the Payment Date or employment is terminated by
the Debtors without cause prior to the Payment Date.  Also, the
Participant's unpaid Retention Payment will be forfeited if the
recipient voluntarily resigns or is terminated for cause prior to
the Payment Date, the Debtors added.

All payments due under the Retention Program are entitled to
administrative expense priority pursuant to Sections 363(b)(1) and
503(b)(1)(A) of the Bankruptcy Code, Judge Shannon ruled.  Any
payment made or to be made under the Order, and any authorization
contained in the Order, will be subject to the requirements imposed
on the Debtors under any order(s) of the Court approving the
Debtors' debtor-in-possession financing facility and use of cash
collateral and any budget in connection therewith.  The Debtors are
required to maintain a list of all payments made on account of the
Retention Program.

New Gulf Resources, LLC and its affiliated chapter 11 Debtors are
represented by:

     M. Blake Cleary, Esq.
     Ryan M. Bartley, Esq.
     Justin P. Duda, Esq.
     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     1000 N. King Street
     Rodney Square
     Wilmington, Delaware 19801
     Telephone: (302) 571-6600
     Email: mbcleary@ycst.com
            rbartley@ycst.com
            jduda@ycst.com

        -- and –-

     C. Luckey McDowell, Esq.
     Ian E. Roberts, Esq.
     Meggie S. Gilstrap, Esq.
     BAKER BOTTS L.L.P.
     2001 Ross Avenue
     Dallas, Texas 75201
     Telephone: (214) 953-6500
     Email: luckey.mcdowell@bakerbotts.com
            ian.roberts@bakerbotts.com
            meggie.gilstrap@bakerbotts.com

            About New Gulf Resources

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

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

The Company currently employs 55 people.

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


NEW GULF RESOURCES: Stroock Represents 2nd Lien Noteholders
-----------------------------------------------------------
Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure,
the Ad Hoc Committee of Second Lien Noteholders in New Gulf
Resources, LLC, et al., disclosed that it is represented by Stroock
& Stroock & Lavan LLP.

The Ad Hoc Committee consists of certain beneficial holders, or
investment advisors or managers of certain funds or accounts of
beneficial holders of 11.75% Senior Secured Notes due 2019 issued
pursuant to that certain Indenture dated as of May 9, 2014, by and
between New Gulf Resources, LLC and NGR Finance Corp., as
co-issuers, and The Bank of New York Mellon Trust Company, N.A., as
trustee and collateral agent.

In October 2015, members of the Ad Hoc Committee retained Stroock
as counsel in connection with a potential restructuring of the
Debtors.  The Ad Hoc Committee subsequently retained Richards,
Layton & Finger, PA, as local counsel when informed by the Debtors
that they would pursue a reorganization in the Bankruptcy Court for
the District of Delaware.

The Ad Hoc Committee is represented by:

         Daniel J. DeFranceschi, Esq.
         Rachel L. Biblo, Esq.
         RICHARDS, LAYTON & FINGER, P.A.
         One Rodney Square
         920 North King Street
         Wilmington, DE 19801
         Tel: (302) 651-7700
         Fax: (302) 651-7701
         Email: defranceschi@rlf.com
                biblo@rlf.com

            -- and --

         Kristopher M. Hansen, Esq.
         Erez E. Gilad, Esq.
         Matthew G. Garofalo, Esq.
         STROOCK & STROOCK & LAVAN LLP
         180 Maiden Lane
         New York, NY 10038
         Tel: (212) 806-5400
         Fax: (212) 806-6006
         Email: khansen@stroock.com
                mgarofalo@stroock.com
                egilad@stroock.com

                     About New Gulf Resources

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

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

The Company currently employs 55 people.

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


NORANDA ALUMINUM: Terminates Registration of 11% Senior Notes
-------------------------------------------------------------
Noranda Aluminum Holding Corporation and Noranda Aluminum
Acquisition Corp filed a Form 15 with the Securities and Exchange
Commission to terminate the registration of their 11% Senior Notes
due 2019.  As of Feb. 1, 2015, there were 105 holders of the Notes.


                     About Noranda Aluminum

Noranda Aluminum Holding Corporation is a leading North American
integrated producer of value-added primary aluminum products and
high quality rolled aluminum coils.

                         *    *     *

As reported by the TCR on Nov. 18, 2015, Standard & Poor's Ratings
Services lowered its corporate credit rating on Franklin,
Tenn.-based Noranda Aluminum Holding Corp. to 'CCC+' from 'B-'.
The downgrade reflects S&P's view that Noranda's capital structure
is unsustainable in the long term, given that credit measures have
worsened considerably and the financial risk profile remains
"highly leveraged."

Noranda Aluminum carries a 'B1' corporate credit rating from
Moody's Investors Service.


OMINTO INC: Mayer Hoffman Expresses Going Concern Doubt
-------------------------------------------------------
Mayer Hoffman McCann P.C., in a January 13, 2016 letter to the
board of directors of Ominto, Inc., expressed substantial doubt
about the company's ability to continue as a going concern.  The
firm audited consolidated balance sheets of the company as of
September 30, 2015 and 2014, and the related consolidated
statements of operations, accumulated comprehensive income (loss),
stockholders' equity (deficit), and cash flows for the years then
ended.

Mayer Hoffman related that the company has suffered recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going
concern.

Ominto President and Chief Executive Officer Ivan Braiker, in a
regulatory filing with the U.S. Securities and Exchange Commission
on January 13, 2016, noted: "For the year ended September 31, 2015
we incurred a loss from continuing operations of $12.2 million and
had negative cash flows from continuing operations of $5.2 million.
The company has an accumulated deficit for the period from our
inception through September 30, 2015 of approximately $49.3
million.  As a result, the company had a working capital deficit of
approximately $10.7 million as of September 30, 2015.  These
factors raise substantial doubt about our ability to continue as a
going concern.

"The company's ability to continue as a going concern is dependent
on our ability to raise capital to fund our future operations and
working capital requirements and our ability to profitably execute
our business plan.  Our plans for the long-term return to and
continuation as a going concern include financing our future
operations through sales of our common stock and/or debt and the
eventual profitable operation of our business.  The company expects
that it will need approximately $6 million to fund operations
during the next twelve months.  

"We continue to refine our Cashback product offerings and improve
our shopping portal, which places additional demands on future cash
flows and may decrease liquidity.  Our future liquidity and capital
requirements will depend on numerous factors including market
acceptance of our shopping portal and revenues generated from our
operations, the impact of competitive product offerings, and
whether we are successful in acquiring additional customers on a
large scale basis through partners.  We also intend to increase our
efforts to recruit Business Associates; we expect that a larger
number of Business Associates will increase sales of our E-commerce
Cashback products.  The marketing efforts will place additional
demands on our cash flows and liquidity.  We cannot offer any
assurance that we will be successful in generating revenues from
operations, adequately addressing competitive pressures, acquiring
additional customers through partners or growing our network of
Business Associates."

At September 30, 2015, the company had total assets of $11,058,073,
total liabilities of $20,199,485 and total stockholders' deficit of
$9,141,412.

The company reported a net loss of $11,695,590 for the year ended
September 30, 2015, compared with a net loss of $1,341,409 for the
year ended September 30, 2014.

A full-text copy of the company's annual report is available for
free at: http://tinyurl.com/h8yk3gk

Bellevue, Washington-based Ominto, Inc. is one of the global
leaders in online Cash Back shopping worldwide, with customers in
more than 100 countries.  Ominto's websites feature some of the
world's most popular regional and international brands, including
Amazon.com(R), Wal-Mart(R), Nike(R), Hotels.com(R), Zalando(R),
Groupon(TM) and Expedia(R).



PICO HOLDINGS: Board Seeks to Thwart Leder Bid for Special Meeting
------------------------------------------------------------------
PICO Holdings, Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a
diversified holding company reporting recurring losses since 2008.
PICO owns 57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water
Company, Inc., a securities portfolio and various interests in
small businesses.  Central Square Management LLC and River Road
Asset Management LLC collectively own more than 14% of PICO and
have agitated for governance and financial changes. Sean Leder owns
1% of PICO shares and seeks shareholder authorization to call a
Special Meeting to remove and replace five directors. Other
activists at http://ReformPICONow.com/have taken to the Internet
to advance the shareholder cause.  

On February 3, 2016 PICO filed with the Securities and Exchange
Commission, its own PREC14A, Consent Statement. PICO seeks to
thwart Mr. Leder's attempt to call a Special Shareholder Meeting.

In a Letter to Shareholders, PICO CEO John Hart writes, "We
strongly believe that allowing Mr. Leder to call a special meeting
is not in the best interests of PICO or its shareholders at this
time and Mr. Leder's special meeting demand is clearly aimed at
facilitating his ability to acquire control of PICO without paying
PICO's shareholders a control premium for their shares."

Keith E. Gottfried, Esq., at says, ". . . the calling and holding
of a special meeting, which is a very costly event, is premature
and unnecessary at this time and is only being sought in order to
further the ultimate objective of Leder, who owns approximately 1%
of PICO's issued and outstanding Common Stock, of acquiring control
of PICO without paying any PICO shareholders a control premium for
their shares."

Mr. Gottfried indicates that these events are "distracting at a
time when we believe the full focus and energy of the Board and
management should be on executing our recently announced business
plan to return capital back to shareholders through stock
repurchases or through other means such as special dividends."

                Activist Website ReformPICONow Weighs In

Activist Bloggers at http://www.reformpiconow.com/encourage
readers to ignore the PICO filing. They question whether Mr. Leder
is seeking control of PICO and they deny the necessity of a control
premium, given that Mr. Leder only seeks to nominate a slate of
directors to the Board.   

The Bloggers encourage readers, "to fill out and return Mr. Leder's
White Request Card upon receipt. We urge shareholders to take all
communications from PICO Holdings, including the Blue Revocation
Card, and throw them in the trash."


PINEGATES LLC: Case Summary & 3 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Pinegates, LLC
        1569 W. Main Street
        Lewisville, TX 75067

Case No.: 16-40224

Chapter 11 Petition Date: February 2, 2016

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

Judge: Hon. Brenda T. Rhoades

Debtor's Counsel: Eric A. Liepins, Esq.
                  ERIC A. LIEPINS P.C.
                  12770 Coit Road, Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  Email: eric@ealpc.com

Total Assets: $4.10 million

Total Liabilities: $1.33 million

The petition was signed by Anne Evbuomwan, managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/txeb16-40224.pdf


PLEASE TOUCH MUSEUM: Files First Amended Reorganization Plan
------------------------------------------------------------
Please Touch Museum filed a First Amended Chapter 11 Plan and
Disclosure Statement a day before the Jan. 27 hearing to approve
the Disclosure Statement.

Following a hearing on Jan. 27, Judge Jean K. FitzSimon ordered
that:

   1. January 27, 2016 is established as the Voting Record Date for
purposes of determining the beneficial owners of the Bonds and the
holders of Claims in Class 6 who are entitled to vote for or
against the Debtor's First Amended Plan; and

   2. On or before Feb. 2, 2016 the Debtor will file a revised
proposed Order Approving (I) Disclosure Statement; (II) Procedures
for the Solicitation and Tabulation of Votes to Accept or Reject
the Plan; and (III) Related Notice and Objection Procedures setting
forth the revised proposed timeline for solicitation and tabulation
of votes in connection with and deadlines for responses to the
Debtor's First Amended Chapter 11 Plan.

The Plan contemplates the reorganization of the Debtor, a
non-profit corporation.

The claim of the bonds (Class 3) which include the outstanding
principal amount of Bonds, $58,000,000, plus accrued and unpaid
interest as of the Petition Date in the amount of $3,070,653, will
be satisfied by the Museum making two payments totaling $8,250,000
to the Indenture Trustee on account of the Bonds: $2,500,000 upon
execution of the Term Sheet, which amount has been paid and
constitutes property of the trust estate of the Bonds held by the
Indenture Trustee, and the Debtor waives all rights, if any, to
such property; and $5,750,000 on or before the Effective Date of
the Plan.

Although the Claim of the Bonds is held by the Indenture Trustee,
it is voted by the Bondholders, i.e., beneficial holders of the
Bonds as of the Voting Record Date.  They have the right to vote,
as a Class, to accept or reject the Plan with respect to the Claim
of the Bonds.

While the original iteration of the Plan and Disclosure Statement
provided that general unsecured claims (Class 6) are unimpaired,
the Amended Plan provides that general unsecured claims are
impaired.  Each Holder of an allowed general unsecured claim will
receive an amount of distributable cash equal to 100% of the
aggregate amount in U.S. dollars of the holder's allowed general
Unsecured Claim, paid in equal quarterly installments over a 2 year
period with interest at 4% per annum and commencing on the
Effective Date; or, if such holder affirmatively elects such
treatment, an amount of Distributable Cash equal to 90% of the
aggregate amount in U.S. dollars of the holder's general unsecured
claim, paid on the later of the Effective Date or the date that the
claim becomes allowed.

As with the original iteration of the Plan, Each holder of allowed
interests (Class 7) will retain its interest and receive no
property or other value distribution on account of its interest.

A copy of the First Amended Disclosure Statement filed Jan. 26,
2016, is available for free at:

         http://bankrupt.com/misc/Please_Touch_261_1st_Am_DS.pdf

Counsel to the Debtor:

         Lawrence G. McMichael, Esq.
         Peter C. Hughes, Esq.
         Catherine G. Pappas, Esq.
         DILWORTH PAXSON LLP
         1500 Market St., Suite 3500E
         Philadelphia, PA 19102
         Telephone: (215) 575-7000
         Facsimile: (215) 575-7200

                     About Please Touch Museum

Please Touch Museum operates a children's museum known as the
Please Touch Museum located at Memorial Hall in the Fairmount Park
section of Philadelphia.  It generates its revenues through a
combination of sales of memberships and tickets to the Museum,
event revenue, endowment income, and charitable contributions.

Please Touch Museum filed Chapter 11 bankruptcy petition (Bankr.
E.D. Pa. Case No. 15-16558) on Sept. 11, 2015.  The petition was
signed by Lynn McMaster, the president and chief executive
officer.

Judge Jean K. FitzSimon is assigned to the case.

The Debtor disclosed total assets of $16,244,356 and total
liabilities of $63,513,617.

Dilworth Paxson LLP serves as the Debtor's counsel.  EisnerAmper
LLP acts as the Debtor's financial advisor.  Isdaner & Company, LLC
is the Debtor's tax advisor and auditor.  Rust Consulting/Omni
Bankruptcy is the Debtor's claims, notice and solicitation agent.


PRECISION OPTICS: Amends 1.6 Million Shares Prospectus
------------------------------------------------------
Precision Optics Corporation, Inc., filed with the Securities and
Exchange Commission an amended Form S-1 registration statement
relating to the sale or other disposition of up to 1,648,249 shares
of the Company's common stock by selling stockholders.

The Company amended the Registration Statement to delay its
effective date.

The Company is not selling any securities in this offering and
therefore will not receive any proceeds from this offering.  All
costs associated with this registration will be borne by the
Company.  The Company's common stock is quoted on the OTCQB under
the symbol "PEYE."  On Jan. 29, 2016, the last reported sale price
of the Company's common stock on the OTCQB was $0.50 per share.

                      About Precision Optics

Headquartered in Gardner, Massachusetts, Precision Optics
Corporation, Inc., has been a developer and manufacturer of
advanced optical instruments since 1982.  The Company designs and
produces high-quality micro-optics, medical instruments and other
advanced optical systems.  The Company's medical instrumentation
line includes laparoscopes, arthroscopes and endocouplers and a
world-class product line of 3-D endoscopes for use in minimally
invasive surgical procedures.

Precision Optics reported a net loss of $1.17 million on $3.91
million of revenues for the year ended June 30, 2015, compared to a
net loss of $1.16 million on $3.65 million of revenues for the year
ended June 30, 2014.

As of Sept. 30, 2015, the Company had $1.72 million in total
assets, $1.33 million in total liabilities, all current, and
$385,000 in total stockholders' equity.

Stowe & Degon LLC, in Westborough, Massachusetts, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company has suffered
recurring net losses and negative cash flows from operations, which
raises substantial doubt about its ability to continue as a going
concern.


RCS CAPITAL: Proposes Procedures to Protect NOLs
------------------------------------------------
RCS Capital Corporation, et al., seek Bankruptcy Court approval of
proposed procedures to govern the transfers of equity securities
during the pendency of their Chapter 11 cases.  The procedures are
designed to preserve the value of their tax attributes.

The Debtors relate that as of Dec. 31, 2015, they have estimated
federal net operating loss carryforwards of $325 million as well as
certain other tax attributes.  The Debtors expect to have accrued
additional Tax Attributes through the Petition Date, which amounts
could be even higher when they emerge from Chapter 11.

The NOLs are of significant value to the Debtors and their estates
because the Debtors can carry their NOLs forward to offset their
future taxable income for up to 20 taxable years, thereby reducing
their future aggregate tax obligations.  However, the Debtors may
lose the ability to use their NOLs if they experience an "ownership
change" for federal income tax purposes.

Thus, the Debtors seek limited relief that will enable them to
closely monitor certain transfers of the Equity Securities and
claims of worthlessness with respect to the Equity Securities so as
to position them to act expeditiously to prevent those transfers or
claims if necessary to protect their Tax Attributes.

The Debtors also request that the Court enter an order restricting
the ability of shareholders that own or have owned 50% or more, by
value, of the Equity Securities to claim a deduction for the
worthlessness of those securities on their federal or state tax
returns for any tax year ending before the Debtors emerge from
Chapter 11 protection.

                       Proposed Procedures

At least 28 days prior to effectuating any transfer of Beneficial
Ownership of Equity Securities that would result in an increase in
the amount of Equity Securities of which a Substantial Shareholder
has Beneficial Ownership or would result in a person or entity
becoming a Substantial Shareholder, such Substantial Shareholder or
potential Substantial Shareholder must file with the Court, and
serve upon Notice Parties, an advance written declaration of the
intended transfer of Equity Securities.

At least 28 days prior to effectuating any transfer of Beneficial
Ownership of Equity Securities that would result in a decrease in
the amount of Equity Securities of which a Substantial Shareholder
has Beneficial Ownership or would result in a person or entity
ceasing to be a Substantial Shareholder, such Substantial
Shareholder must file with the Court, and serve upon the Notice
Parties, an advance written declaration of the intended transfer of
Equity Securities.

The Debtors will have 21 calendar days after receipt of a
Declaration to, with the consent of the Required Consenting First
Lien Lenders and the Required Consenting Second Lien Lenders, file
with the Court and serve on such Substantial Shareholder or
potential Substantial Shareholder an objection to any proposed
transfer of Beneficial Ownership of Equity Securities on the
grounds that such transfer might adversely affect the Debtors'
ability to utilize their Tax Attributes.  If the Debtors file an
objection, such transaction would not be effective unless such
objection is withdrawn by the Debtors or such transaction is
approved by a final order of the Court that is no longer subject to
an appeal.  If the Debtors do not object within such 21-day period,
that transaction could proceed solely as set forth in the
Declaration of Proposed Transfer.

                         About RCS Capital

New York-based RCS Capital Corporation -- http://www.rcscapital.com
-- is a full-service investment firm focused on the individual
retail investor.  With operating subsidiaries primarily focused on
retail advice and until the completion of recently announced
pending sales and divestiture of its wholesale distribution and
investment banking, the company's business aims to capitalize, grow
and maximize value for the investment programs its distributes and
the independent advisors and clients it serves.

RCS Capital Corporation and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10223 to
16-10234) on Jan. 31, 2016. The petitions weres signed by David
Orlofsky as chief restructuring officer. The Debtors disclosed
total assets of $1.97 billion and total debts of $1.39 billion.

The Debtors have engaged Dechert LLP as general counsel, Young
Conaway Stargatt & Taylor, LLP as Delaware counsel, Zolfo Cooper
Management, LLC as restructuring advisor, Lazard Freres & Co. LLC
as investment banker and Prime Clerk LLC as administrative advisor
and claims and noticing agent.


RCS CAPITAL: Wants to Reject 16 Contracts and Unexpired Leases
--------------------------------------------------------------
RCS Capital Corporation, et al., seek authority from the Bankruptcy
Court to reject the following executory contracts and unexpired
leases, nunc pro tunc to the Petition Date:

   Counterparty                         Rejected Agreement
   ------------                             ------------------
   18818 Teller Partners, L.P.                    Lease
   ARC HTNEWRI001, LLC                            Lease
   Brian Jones                                 Employment
   CliftonLarsonAllen LLP                         Lease
   Deutsche Investment Management Americas, Inc.  Lease
   FP Patuxent Parkway, LLC                       Lease
   Glenborough 3900 Paradise Road, LLC            Lease
   Louisa Quarto                                Employment
   McCarran Center, LC                            Lease
   Michael Stubben                              Employment
   Rebecca Lee Kangrga                          Employment
   RFI Scottsdale LLC                             Lease
   Robert Abramson                              Employment
   The Dicker Corporation                          Lease
   Western Skies Business Center                   Lease
   William Dwyer                                Employment

The Debtors have determined that the Rejected Agreements are no
longer integral to their business operations or their Chapter 11
efforts, are not otherwise beneficial to their estates, and present
burdensome contingent liabilities.

In addition, the Debtors seek to abandon, effective as of the
Petition Date, any personal property that remains on any of the
Premises.  With respect to each of the Rejected Leases, the Debtors
propose that the landlords be required to immediately
return to the Debtors any security deposits after application to
any prepetition arrearages or delinquencies under the governing
lease agreement and any rejection damages, to the extent permitted
by the Bankruptcy Code and applicable law.  The landlords would be
required to provide counsel to the Debtors with a statement
identifying any amounts remaining after application of the
Permitted Draws to the security deposit within 30 days of the entry
of the order rejecting the relevant lease.

                        About RCS Capital

New York-based RCS Capital Corporation -- http://www.rcscapital.com
-- is a full-service investment firm focused on the individual
retail investor. With operating subsidiaries primarily focused on
retail advice and until the completion of recently announced
pending sales and divestiture of its wholesale distribution and
investment banking, the company’s business aims to capitalize,
grow and maximize value for the investment programs its distributes
and the independent advisors and clients it serves.

RCS Capital Corporation and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10223 to
16-10234) on Jan. 31, 2016. The petitions weres signed by David
Orlofsky as chief restructuring officer. The Debtors disclosed
total assets of $1.97 billion and total debts of $1.39 billion.

The Debtors have engaged Dechert LLP as general counsel, Young
Conaway Stargatt & Taylor, LLP as Delaware counsel, Zolfo Cooper
Management, LLC as restructuring advisor, Lazard Freres & Co. LLC
as investment banker and Prime Clerk LLC as administrative advisor
and claims and noticing agent.


RELATIVITY MEDIA: Gets Kevin Spacey's Guidance with Exit
--------------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that Relativity Media LLC on Feb. 2 won final bankruptcy
court approval of a plan to get back on its feet and out from under
hundreds of millions of dollars in debt.

Tiffany Kary and Edvard Petterson, writing for Bloomberg Brief -
Distress & Bankruptcy, reported that Relativity Media's exit plan
will bring in actor Kevin Spacey to oversee motion picture content,
a move one of the company's lawyers described as a "game changer."

According to the news reports, the plan confirmation follows a
two-day hearing when Judge Michael Wiles of the U.S. Bankruptcy
Court in Manhattan heard objections from various creditors,
including CIT Bank and Netflix Inc.  The DBR report said Judge
Wiles signed off on the plan only after expressing concern over the
fact that many sources of funding critical to the company's future
have yet to be completed.

The Bloomberg report said Judge Wiles said he would require further
details, including regarding Mr. Spacey's contract, before the plan
can take effect.

Relativity lawyer Richard Wynne, according to Bloomberg, told the
court that the company has negotiated a deal with Mr. Spacey, the
Oscar-winning actor, and Dana Brunetti's production company,
Trigger Street.  He told the judge the pair would oversee all
motion picture content for the reorganized company, giving them
authority to select projects for development, the Bloomberg report
related.

"On the creative side, assuming that we conclude everything and
Spacey and Brunetti join the company, it will be a game changer for
the company," the Bloomberg report said, citing Mr. Wynne.

But Judge Wiles was also told that a deal with CIT Bank, an agent
to production loans, had yet to be completed even as the plan
confirmation hearing began, the report pointed out.  Lawyers for
Netflix also questioned the plan, citing fundamental changes in
management, financing and ownership of the company, the report
added.

In a separate Bloomberg report, Sophia Pearson reported that
Relativity Media's financial adviser testified in court that the
company's bankruptcy plan reduces its debt by about $630 million.
Total debt will go to about $280 million from roughly $910 million
under new plan, Matthew Niemann, managing director for financial
adviser Houlihan Lokey Inc. said, the report related.  Mr. Niemann
testified at a confirmation hearing in New York that "materially
reduced leverage" will "materiall" reduce the risk on the
enterprise," the report added.

                        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.


RR DONNELLEY: Moody's Lowers Rating to Ba3, Outlook Developing
--------------------------------------------------------------
Moody's Investors Service downgraded RR Donnelley & Sons Company's
ratings to Ba3 from Ba2 and changed the company's ratings outlook
to developing.  As part of the same rating action, Moody's
downgraded RR Donnelley's senior secured bank credit facility
rating to Baa3 from Baa2, and senior unsecured notes' rating to B1
from Ba3 and also affirmed the company's SGL-3 speculative grade
liquidity rating (indicating good liquidity).

The rating downgrade was prompted by Moody's anticipation that RR
Donnelley's future pace of de-levering will continue to slow as
top-line and margin pressures persist.  The proportion of RR
Donnelley's EBITDA that is converted into Free Cash Flow has been
declining and Free Cash Flow as a proportion of outstanding debt
has been gradually decreasing, and Moody's expects both trends to
continue, even after the company absorbs what appears to be a
one-time appreciation of the US dollar.  Moody's expects revenue
and EBITDA to be flat to modestly negative because of the print
industry's continuing secular decline, permanently impairing the
company's de-levering capabilities.

However, despite leverage of Debt/EBITDA likely remaining in the
3.5x-to-4.0x range, a level that Moody's considers to be aggressive
given the company's business risk, the rating continues to benefit
from RR Donnelley's significant scale, breadth of product offering,
and track record of generating free cash flow. Owing to the
company's plans to split into the three separate entities, and with
the relative trade-offs amongst rating factors and, therefore,
ratings strengths and weaknesses, likely to be affected, the
ratings outlook is developing to indicate that further ratings
adjustments may occur as the spin transactions unfold.

RR Donnelley's SGL-3 liquidity rating is based on its large
revolving credit facility and Moody's expectation that the company
will be free cash flow positive.  While, owing to seasonality and
the timing of its term debt maturities, the company's accumulated
free cash flow may not fully repay its next two maturities exactly
at their respective maturity dates ($219 million in August, 2016
and $251 million in January, 2017), the company's $1.5 billion
revolving credit facility supplements funding and allows term debt
repayment.  After each term debt maturity, RR Donnelley's free cash
flow (estimated at about $150 million to $250 million per year)
repays the outstanding credit facility amounts over time.

Issuer: R.R. Donnelley & Sons Company

These ratings have been Downgraded:

  Probability of Default Rating, to Ba3-PD from Ba2-PD
  Corporate Family Rating, to Ba3 from Ba2
  Senior Secured Bank Credit Facility, to Baa3 (LGD2) from Baa2
   (LGD1)
  Senior Unsecured Regular Bond/Debenture, to B1 (LGD5) from Ba3
   (LGD4)

This rating has been affirmed:

  Speculative Grade Liquidity Rating, SGL-3
  Outlook, Changed To Developing From Rating Under Review

RATINGS RATIONALE

RR Donnelley's Ba3 CFR is driven primarily by Moody's expectations
that leverage of Debt-to-EBITDA will be 3.5x to 4.0x over the next
two years, a level that is high given the company's elevated
business risk profile, a consequence of exposure to the commercial
printing industry, which is in secular decline.  However, the
leverage level is acceptable given downside protection based on the
company's significant scale, breadth and scope of its business
lines, variable cost structure and free cash flow profile.

Rating Outlook

The outlook is Developing because management's plan to split the
company into three separate entities later in 2016 may have
incremental ratings' implications.

What Could Change the Rating - Up

The rating could be upgraded if Moody's expected:

  Sustained Debt-to-EBITDA leverage below 3.0x (4.0x at 30Sep15),
   and
  Sustained Free Cash Flow-to-Debt above 5% (5.7% at 30Sep15), and
  Stronger industry fundamentals, and
  Solid liquidity arrangements

What Could Change the Rating - Down

The rating could be downgraded if Moody's expected:

  Sustained Debt-to-EBITDA leverage at or above 4.0x (4.0x at
   Sept. 30, 2015), or
  Sustained Free Cash Flow-to-Debt significantly below 5% (5.7% at

   Sept. 30, 2015), or
  Further deterioration in organic growth prospects or EBITDA
   margins, or
  Significantly weaker liquidity arrangements

The principal methodology used in these ratings was Global
Publishing Industry published in December 2011.



RX PRO OF MISSISSIPPI: Case Summary & 13 Top Unsecured Creditors
----------------------------------------------------------------
Debtor: Rx Pro of Mississippi, Inc.
           dba McDaniel Pharmacy
        350 W. Woodrow Wilson Ave., Ste 132
        Jackson, MS 39213

Case No.: 16-00288

Chapter 11 Petition Date: February 2, 2016

Court: United States Bankruptcy Court
       Southern District of Mississippi
      (Jackson-3 Divisional Office)

Judge: Hon. Neil P. Olack

Debtor's Counsel: Thomas M Hewitt, Esq.
                  BUTLER SNOW LLP
                  1020 Highland Colony Pkwy Ste 1400
                  Ridgeland, MS 39157
                  Tel: 601-948-5711
                  Fax: 601-985-4500
                  Email: thomas.hewitt@butlersnow.com

                    - and -

                 Stephen W. Rosenblatt, Esq.
                 BUTLER SNOW LLP
                 P.O. Box 6010
                 Ridgeland, MS 39158-6010
                 Tel: 601-985-4504
                 Fax: 601-985-4500
                 Email: Steve.Rosenblatt@butlersnow.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Jack West, operations manager.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mssb16-00288.pdf


RX PRO PHARMACY: Case Summary & 10 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Rx Pro Pharmacy & Compounding Inc.
        936 W Hallandale Beach Blvd.
        Hallandale, FL 33009

Case No.: 16-00294

Chapter 11 Petition Date: February 2, 2016

Court: United States Bankruptcy Court
       Southern District of Mississippi
       (Jackson-3 Divisional Office)

Debtor's Counsel: Thomas M Hewitt, Esq.
                  BUTLER SNOW LLP
                  1020 Highland Colony Pkwy Ste 1400
                  Ridgeland, MS 39157
                  Tel: 601-948-5711
                  Fax: 601-985-4500
                  Email: thomas.hewitt@butlersnow.com

                    - and -

                  Stephen W. Rosenblatt, Esq.
                  BUTLER SNOW LLP
                  P.O. Box 6010
                  Ridgeland, MS 39158-6010
                  Tel: 601-985-4504
                  Fax: 601-985-4500
                  Email: Steve.Rosenblatt@butlersnow.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Jack West, operations manager.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mssb16-00294.pdf


RYCKMAN CREEK: Files for Chapter 11 Bankruptcy Protection
---------------------------------------------------------
Ryckman Creek Resources, LLC, et al., have entered Chapter 11
bankruptcy proceedings.  The Company's liquidity problems resulted
from construction issues related to its natural gas storage
facility (the Ryckman Creek Facility) and increased debt.

Formed on Sept. 8, 2009, the Company is engaged in the acquisition,
development, marketing, and operation of the Ryckman Creek
Facility.  The Ryckman Creek Facility is a depleted crude oil and
natural gas reservoir located in Uinta County, Wyoming.  The
Company began development of the reservoir into a natural gas
storage facility in 2011.  The Ryckman Creek Facility began
commercial operations in late 2012 and received injections of
customer gas and gas purchased by the Company.  The Debtors have
approximately 35 employees.

The Debtors related that during limited commercial operations in
April 2013, the Ryckman Creek Facility suffered substantial damage
due to a fire resulting from equipment failure.  According to the
Debtors, the required repairs and replacements led to delays in
restarting commercial operations, leading to significant
incremental costs to the original construction costs.

In addition, in early 2013, Ryckman Creek realized that the
reservoir contained elevated levels of hydrogen sulfide gas
("H2S"), a corrosive gas that, if present in natural gas above
certain levels, would render the natural gas unacceptable to owners
of downstream pipelines and end users.  Therefore, H2S must be
removed prior to distribution to the natural gas distribution
network.  The Debtors maintained that design and implementation of
this fix, however, was expensive and led to further cost overruns
and delays at the Ryckman Creek Facility.

During the spring of 2014, Ryckman Creek engaged both ING Capital,
LLC and Acquisition Company Inc. in discussions about amending the
existing credit agreement dated November 2011 to allow for
additional indebtedness to be incurred by Ryckman Creek to fund
completion of the original construction projects, the rebuilt of
the nitrogen removal unit, and equipment to address the H2S issues
in the reservoir.  Consequently, Ryckman, ING, and Bear River
entered into an Amended and Restated Credit Facility.

On Aug. 28, 2013, Troy Construction, L.L.C., a third-party general
contractor, initiated binding arbitration seeking recovery of
contract balances of approximately $31,000,000 allegedly owed by
Ryckman Creek under the parties' Cost Reimbursable Plus Fixed Fee
Engineering, Procurement and Construction Contract and Master
Services Agreement in connection with the construction of the
Ryckman Creek Facility.  An arbitration panel issued its final
award on Oct. 26, 2015, which granted Troy an award of
$19,799,129.

The Debtors said that despite these setbacks and the related
liquidity issues, they were able to complete construction of the
Ryckman Creek Facility sufficient to commence initial storage
services contemplated under the Firm Storage Service Precedent
Agreement in December 2015.  Currently, the Ryckman Creek Facility
holds 13.1 bcf of customer gas as well as 4.2 bcf of gas owned by
the Company.  In addition, the Company anticipates installation of
the remaining components of the facility in the next 60-90 days,
bringing to a close the long period of construction.  

"Unfortunately, despite becoming commercially operational and the
liquidity provided by the additional financing, the cost overruns
and delays have left the Company with insufficient funds to
continue to maintain and operate the facility," said Robert D.
Albergotti, vice president of restructuring of Ryckman Creek
Resources, LLC.

                          Bridge Financing

The Debtors have obtained commitment from ING in connection with a
$3,000,000 bridge financing.  ING further proposed the terms of
additional financing in the aggregate amount of $30,000,000, which
the Debtors, ING, and the Prepetition Lenders will continue to
negotiate and finalize postpetition.  Through the Bridge Financing,
ING will provide the liquidity to support the Debtors' operational
needs for the next 30 to 45 days while these negotiations are
ongoing.

According to Mr. Albergotti, the Prepetition Lenders have been
supportive of the Company and cooperative in their restructuring
efforts throughout its prior difficulties.  He added that the
Company and the Prepetition Lenders are currently making
substantial progress toward agreement on the terms of a plan of
reorganization that they hope will result in a deleveraged balance
sheet and sufficient liquidity to operate their business as a
reorganized company, and expect to have a plan support agreement
signed while the bridge financing is still outstanding.

                       First Day Pleadings

Contemporaneously with the filing of the petitions, the Debtors
filed first day pleadings seeking, among other things, authority to
continue using existing cash management system, pay employee
compensation, pay critical vendor claims, obtain
debtor-in-possession financing, and use cash collateral.

A full-text copy of the declaration in support of the First Day
Motions is available at:

     http://bankrupt.com/misc/20_RYCKMAN_Declaration.pdf

                           About Ryckman

Ryckman Creek Resources, LLC, Ryckman Creek Resources Holdings LLC,
Peregrine Rocky Mountains LLC and Peregrine Midstream Partners LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos.
16-10292 to 16-10295) on Feb. 2, 2016.  The petitions were signed
by Robert Foss as chief executive officer.  Kevin J. Carey has been
assigned the case.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP
as counsel, AP Services, LLC as management provider, Evercore Group
LLC as investment banker, and Kurtzman Carson Consultants LLC as
claims and noticing agent.

The Debtors estimated both assets and liabilities in the range of
$100 million to $500 million.  As of the Petition Date, Ryckman had
approximately $333 million of prepetition bank debt.


SEASPRAY RESORT: Case Summary & 12 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Seaspray Resort, Ltd.
           dba Seaspray Beach Resort
        123 South Ocean Avenue
        Palm Beach Shores, FL 33404

Case No.: 16-11565

Chapter 11 Petition Date: February 2, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (West Palm Beach)

Judge: Hon. Paul G. Hyman, Jr.

Debtor's Counsel: David L. Merrill, Esq.
                  MERRILL PA
                  Trump Plaza Office Center
                  525 S Flagler Drive, 5th Floor
                  West Palm Beach, FL 33401
                  Tel: 561.877-1111
                  Email: dlmerrill@merrillpa.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Prabhjot K. Benisasia, president.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/flsb16-11565.pdf


SECURED CAPITAL INVESTMENTS: Receiver Proposes to Auction Assets
----------------------------------------------------------------
Robert P. Mosier, the court-appointed permanent receiver for
Secured Capital Investments, LLC, et al., is seeking authority from
the U.S. District Court for the Central District of California,
which is overseeing a receivership of SCI, to sell the firm's
assets by public auction, free and clear of all liens, claims and
encumbrances.

In the alternative, the receiver proposes to abandon all
over-encumbered assets.

There's a Feb. 22 hearing to consider the request.

Specifically, the Receiver seeks authority to sell the real
property assets of Secured Capital Investments LLC, 9327 Fairway
View Place, LLC, Superior Park RCF, LLC, and Justina Court, LLC,
including these properties:

     a. 2850 N Tuttle Ave., Tucson, AZ 85705-4035
     b. 2825 N. Tuttle, Ave., Tucson, AZ 85705-4035
     c. 1416 Center St., Owensboro, KY 42303-3926
     d. 600 Industrial Dr., Richland, MS 39218-9730
     e. 405 Superior St., Excelsior Springs, MO 64024
     f. 410 Superior St., Excelsior Springs, MO 64024
     g. 521 Park St., Excelsior Springs, MO 64024
     h. 5824 Justina Court, Jacksonville, FL 32277
     i. 24-30 West 38th St., Jacksonville, FL 32206
     j. 1013 Clark ST, Paducah, KY 42003

Many of the real properties are in poor physical condition and some
are potentially overencumbered by liens. Similarly, the personal
property consists primarily of used restaurant equipment for which
the estate has no further need and must pay to relocate and store
if not sold.

The Receiver also seeks to sell the personal property of World
Gardens Cafe, LLC.  World Gardens Cafe in Rancho Cucamonga is a
restaurant no longer in operation.

The Receiver proposes Tranzon Asset Strategies to conduct the sales
by a live and online auction. Tranzon will be paid a commission for
its services derived from a 10% buyer's premium based on the high
bid amount and charged to the highest bidder.

The Receiver is actively investigating the value of the real and
personal property and the amount of the liens against each. Because
the numbers are still in flux, the Receiver presently is unable to
conclude whether sale or abandonment of each particular asset is
appropriate. If he is able to obtain a sales price sufficient to
pay the known liens, then a sale will generate value for the
estate. If a sales price is insufficient to satisfy all
encumbrances, the asset will have no value to the estate and,
therefore, the Receiver would seek to abandon the asset.

The receivership case is, Securities and Exchange Commission,
Plaintiff, Paul Mata, David Kayatta, Mario Pincheira, Secured
Capital Investments, LLC, Logos Real Estate Holdings, LLC, Logos
Wealth Advisors, LLC (dba Logos Lifetime University), Defendants,
Case No. CV15-01792 VAP (KKx)(C.D. Cal.).

Pursuant to a Preliminary Order entered on October 8, 2015, Robert
Mosier was named permanent receiver, charged with administering and
managing the business affairs and assets of Secured Capital
Investments, LLC, Logos Real Estate Holdings, LLC, Logos Wealth
Advisors, LLC and the other defendants and their subsidiaries and
affiliates.  The assets include numerous parcels of real property
the management of which would require significant cash flow, which
does not exist.

The Receiver believes that these companies are all affiliates of
the Defendants and subject to this receivership:

     Indestructible Peak Management, Inc.,
     Renaissance Management, LLC,
     9327 Fairway View Place, LLC,
     Logos Management Group, LLC
     Logos Insurance Group, Inc.,
     World Gardens Cafe, LLC,
     Chef Ravi Recipes, LLC,
     Destiny With a Purpose, LLC,
     Superior Park RCF, LLC, and
     Justina Court, LLC.

Counsel for Robert P. Mosier, as Permanent Receiver, is:

     Kathy Bazoian Phelps, Esq.
     DIAMOND MCCARTHY LLP
     1999 Avenue of the Stars, Suite 1100
     Los Angeles, CA 90067-4402
     Telephone: (310) 651-2997
     E-mail: kphelps@diamondmccarthy.com

District Judge Virginia A. Phillips presides over the case.


SECURED CAPITAL INVESTMENTS: Receiver Wants Court to Set Bar Date
-----------------------------------------------------------------
Robert P. Mosier, the court-appointed permanent receiver for
Secured Capital Investments, LLC, et al., asks the U.S. District
Court for the Central District of California, which is overseeing a
receivership of SCI et al., to establish a deadline as well as
procedures for interested parties to file proofs of claim.  He also
asks the Court to establish a "Net Investment Method" for investor
claims.

The Receiver believes it is in the best interest of the
Receivership Estate to establish a claims bar date by which all
claimants must assert any claims they have against the Receivership
Entities to allow the Receiver to evaluate and process those claims
for the purpose of recommending an eventual distribution plan to
the Court.

The Receiver seeks entry of an order establishing a date
approximately 90 days from the date of the Bar Date Order as the
deadline by which all claimants must submit completed and signed
proofs of claim.

The Receiver also requests that the Court stay the accrual of all
post-receivership interest against all investors and unsecured and
under-secured creditors (effective as of September 3, 2015, the
date of the receivership) to preserve Defendants assets and
maximize recovery for claimants.

The Receiver also seeks Court approval of a methodology to offset
payments made to the investors against the amount that they
invested.

The Court will hold a hearing on the request on Feb. 22 in
Riverside, California.

The receivership case is, Securities and Exchange Commission,
Plaintiff, Paul Mata, David Kayatta, Mario Pincheira, Secured
Capital Investments, LLC, Logos Real Estate Holdings, LLC, Logos
Wealth Advisors, LLC (dba Logos Lifetime University), Defendants,
Case No. CV15-01792 VAP (KKx)(C.D. Cal.).

Pursuant to a Preliminary Order entered on October 8, 2015, Robert
Mosier was named permanent receiver, charged with administering and
managing the business affairs and assets of Secured Capital
Investments, LLC, Logos Real Estate Holdings, LLC, Logos Wealth
Advisors, LLC and the other defendants and their subsidiaries and
affiliates.  The assets include numerous parcels of real property
the management of which would require significant cash flow, which
does not exist.

The Receiver believes that these companies are all affiliates of
the Defendants and subject to this receivership:

     Indestructible Peak Management, Inc.,
     Renaissance Management, LLC,
     9327 Fairway View Place, LLC,
     Logos Management Group, LLC
     Logos Insurance Group, Inc.,
     World Gardens Cafe, LLC,
     Chef Ravi Recipes, LLC,
     Destiny With a Purpose, LLC,
     Superior Park RCF, LLC, and
     Justina Court, LLC.

Counsel for Robert P. Mosier, as Permanent Receiver, is Kathy
Bazoian Phelps, Esq., at Diamond McCarthy LLP.

District Judge Virginia A. Phillips presides over the case.


SEMILEDS CORP: Going Concern Doubt Amid Losses Since Inception
--------------------------------------------------------------
SemiLEDs Corporation has incurred significant losses since
inception.  The company has suffered losses from operations of
$13.3 million and $24.8 million, gross losses on product sales of
$4.1 million and $11.3 million, and net cash used in operating
activities of $4.5 million and $15.7 million for the years ended
August 31, 2015 and 2014, respectively.  Loss from operations,
gross loss on product sales and net cash used in operating
activities for the three months ended November 30, 2015 were $3.3
million, $1.4 million and $0.6 million, respectively.  Further, at
November 30, 2015, the company's cash and cash equivalents was down
to $3.5 million.

"These facts and conditions raise substantial doubt about our
ability to continue as a going concern," stated Christopher Lee,
chief financial officer of the company, in a regulatory filing with
the U.S. Securities and Exchange Commission on January 13, 2016.

"However, our management has developed a liquidity plan, that if
executed successfully, should provide sufficient liquidity to meet
our obligations as they become due for a reasonable period of time,
and allow the development of its core business.

* Entering into an agreement in December 2015 with a strategic
   partner for the sale of our headquarters building located at
   Miao-Li, Taiwan.  The total cash consideration for the sale is
   $5.2 million to be paid in three installments, of which the
   initial installment of $3 million was received on December 14,
   2015. The sale is expected to close on December 31, 2017.

* Suppressing gross loss from chip sales by moving toward a
   fabless business model through an agreement entered into on
   December 31, 2015 with an ODM partner.  We will restructure the
   EPI and Fab for the chips manufacturing operation, consign or
   sell certain equipment and transfer employees related to the
   chips manufacturing to our ODM partner.  Following the
   restructuring, we expect to reduce payroll, minimize research
   and development activities associated with chips manufacturing
   operation and reduce idle capacity charges.  This partnership
   should help us obtain a steady source of LED chips with
   competitive and favorable price for our packaging business,
   expand the production capacity for LED components, and
   strengthen our product portfolio and technology.

* Increasing efforts to increase sales of Automotive Projects in
   both China and India by cultivating relationships with
   automotive lighting developers that are outside the company's
   historical distribution channels.  Maintaining the number of
   display models at automotive lighting facilities in order to
   provide dealers, communities and consumers with examples of
   newly designed product.

* Gaining positive cash-inflow from operating activities through
   continuous cost reductions and the sales of new higher margin
   products.  The commercial sales of our UV LED product with a
   leading cosmetic manufacturer are expected to continue to
   improve the company's future gross margin, operating results
   and cash flows.  We are making progress towards scaling sales
   of our UV LED products and are focused on product enhancement
   and developing our UV LED into many other applications or
   devices.

* Management continues to monitor prices, work with current and
   potential vendors to decrease costs and, consistent with its
   existing contractual commitments, may decrease its activity
   level and capital expenditures further.  This plan reflects its
   strategy of controlling capital costs and maintaining financial
   flexibility.

* Raise additional cash through further equity offerings, sales
   of assets and/or issuance of debt as considered necessary.

"While we believe that these liquidity plan measures will be
adequate to satisfy our liquidity requirements for the twelve
months ending November 30, 2016, there is no assurance that the
liquidity plan will be successfully implemented.  Failure to
successfully implement the liquidity plan may have a material
adverse effect on our business, results of operations and financial
position, and may adversely affect our ability to continue as a
going concern."

At November 30, 2015, the company had total assets of $35,258,000,
total liabilities of $9,229,000 and total equity of $26,029,000.

For the three months ended November 30, 2015, the company posted a
net loss of $3,315,000 as compared with a net loss of $4,371,000
for the three months ended November 30, 2014.

A full-text copy of the company's quarterly report is available for
free at: http://tinyurl.com/z6a8lg6

Taiwan-based SemiLEDs Corporation and its subsidiaries develop,
manufacture and sell high performance light emitting diodes (LEDs).
The company's core products are LED chips and LED components, as
well as lighting products.  SemiLEDs customers are concentrated in
a few select markets, including Taiwan, the United States and
China.



SFX ENTERTAINMENT: Has Interim OK to Tap $80M in DIP Loans
----------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware gave SFX Entertainment, Inc., et al., interim authority
to obtain $80 million in postpetition financing and use cash
collateral securing their prepetition indebtedness to enable them
to continue operations and to administer and preserve the value of
their estates.

Judge Walrath will convene a hearing on March 4, 2016, at 10:30
a.m., to consider final approval of the financing request.  Parties
have until Feb. 24 to file an objection, if necessary.

The Debtors are seeking approval of a DIP Facility consisting of
new money term loans in an aggregate principal amount not to exceed
$115.0 million, which consists of Tranche A DIP Loans in an
aggregate principal amount not to exceed $30.0 million and Tranche
B DIP Loans in an aggregate principal amount not to exceed $85.0
million.  The Debtors also have the right to request up to $10.0
million of additional Tranche B DIP Loans from existing Trance B
DIP Lenders on a pro rata basis.

The Tranche A DIP Loans will come from a member of certain Second
Lien Noteholders (the "Ad Hoc Committee,"), while the Tranche B DIP
Loans will come from each member of the Ad Hoc Group or their
affiliates or related funds.

The DIP Loans accrue the following interest:

   * Tranche A DIP Loans: 12.00% per annum, payable monthly in cash
arrears, calculated on an actual 360-day basis.

   * Tranche B DIP Loans: 10.00% per annum, payable monthly in kind
in arrears, calculated on an actual 360-day basis.

   * Default Interest: 2.00% per annum; calculated on an actual
360-day basis.

In addition, the following fees accompany the DIP Loans:

   * Tranche A DIP Loans: A commitment fee of 2.00% of the Tranche
A DIP Commitments payable in cash and 2.00% of the Tranche A DIP
Commitments payable in kind on the Closing Date.

   * Tranche B DIP Loans: A commitment fee of 3.00% of the Tranche
B DIP Commitments payable in kind on the Closing Date.

   * An annual administrative agency fee payable in cash to the DIP
Agent on the Closing Date.

The DIP Facility requires the Debtors to file a plan of
reorganization and accompanying disclosure statement on or before
March 21, 2016, and obtain confirmation of that plan on or before
June 13, 2016, so that the effective date of that Plan will have
occured on or before June 30, 2016.

As of the Petition Date, substantially all of the Debtors were
indebted to the First Lien Agent and the First Lien Lenders in the
aggregate principal amount of $30.0 million, plus accrued but
unpaid interest plus any other amounts incurred or accrued but
unpaid prior to the Petition Date.  In addition, as of the Petition
Date, Debtor SFXE Netherlands Holdings Coöperatief U.A. and the
other Foreign Loan Guarantors are indebted to the Foreign Loan
Agent and the Foreign Lender in the aggregate principal amount of
$20.0 million, plus accrued but unpaid interest.  Furthermore, as
of the Petition Date, substantially all of the Debtors were
indebted to the Second Lien Agent and the Second Lien Noteholders
in the aggregate principal amount of approximately $295.0 million
in Second Lien Notes, plus accrued but unpaid interest.

Pursuant to the Interim Order, the Debtors are authorized to draw
on the DIP Facility to pay in full the First Lien Obligations and
Foreign Loan Obligations in the aggregate amount of $54.79
million.

A full-text copy of the Interim Cash Collateral Order with Budget
is available at http://bankrupt.com/misc/SFXdip0203.pdf

The Ad Hoc Committee is represented by Young Conaway Stargatt &
Taylor, LLP, and advised by Houlihan Lokey Capital, Inc.

                      About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10238 to
16-10281) on Feb. 1, 2016.  The petitions were signed by Michael
Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $661.6 million and total
debts of $490.2 million.

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  

Judge Mary F. Walrath is assigned to the case.


SIMPLY FASHION: Plan Filing Exclusivity Ends Feb. 10
----------------------------------------------------
Simply Fashion Stores, Ltd., and Adinath Corp. sought and obtained
from Judge Laurel M. Isicoff of the U.S. Bankruptcy Court for the
Southern District of Florida, Miami Division, and extension of the
periods within which they may file a plan of liquidation and
solicit acceptances thereto through Feb. 10, 2016 and April 11,
2016, respectively.

In seeking the extension, the Debtors contended that more than 750
proofs of claim were recently filed prior to the claims bar dates.
The Debtors further contended that in order for the Debtors to
provide adequate information regarding expected distributions to
creditors in the disclosure statement to be filed by the Debtors,
it is necessary to extend the Exclusivity Period and Acceptance
Period to provide the Debtors sufficient time to review and analyze
the proofs of claim that were filed to determine the proper amounts
of such claims for inclusion in the disclosure statement.  The
Debtors related that given the number of legal and business issues
facing the Debtors in the liquidation due to the size, nature, and
truly national scope of the business of the Debtors, it is beyond
dispute that the Debtors' cases are extremely complex.

Simply Fashion Stores and Adinath are represented by:

          Christopher A. Jarvinen, Esq.
          Paul Steven Singerman, Esq.
          BERGER SINGERMAN LLP
          1450 Brickell Avenue, Suite 1900
          Miami, FL 33131
          Telephone: (305)755-9500
          Facsimile: (305)714-4340
          E-mail: cjarvinen@bergersingerman.com
                 singerman@bergersingerman.com

                   About Simply Fashion Stores

Owned by the Shah family, Simply Fashion has 247 stores in 25
states across the country in major markets such as Detroit, Miami,
New Orleans, St. Louis, Chicago, Atlanta, Baltimore, Nashville and
Dallas. Founded in 1991, Simply Fashion is primarily a brick and
mortar retailer of Junior, Plus and Super Plus women's fashion
catering to African-American women between the ages of 25 and 55,
with locations in 25 states.

Adinath Corp. is the general partner of Simply Fashion.  It is
owned 100% by Bhavana Shah.

On April 16, 2015, Adinath and Simply Fashion Stores, Ltd., each
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code in Miami, Florida (Bankr. S.D. Fla.,
Case No. 15-16885).  The cases are under the Honorable Laurel M.
Isicoff.

The Debtors have tapped Berger Singerman LLP as counsel; Kapila
Mukamal, LLP, as restructuring advisor; and Prime Clerk LLC as
claims and noticing agent.

Simply Fashion estimated $10 million to $50 million in assets and
debt.

The U.S. Trustee for Region 21 appointed five creditors to serve on
the official committee of unsecured creditors.

On July 24, 2015, the U.S. Trustee appointed James P.S. Leshaw as
consumer privacy ombudsman in the Debtors' Chapter 11 cases.


STRATA SKIN: Obtains $12 Million Under MidCap Credit Agreement
--------------------------------------------------------------
Strata Skin Sciences, Inc., entered into a $12 million credit
facility pursuant to a Credit and Security Agreement dated Dec. 30,
2015, and related financing documents with MidCap Financial Trust
and the lenders, according to a Form 8-K report filed with the
Securities and Exchange Commission.  Under the Agreement, the
Credit Facility may be drawn down in two tranches, the first of
which was drawn for $10.5 million on Dec. 30, 2015.

The proceeds of this first tranche were used to repay $10 million
principal amount of short-term senior secured promissory notes,
plus associated interest, loan fees and expenses.  The Company's
obligations under the credit facility are secured by a first
priority lien on all of the Company's assets.

On Jan. 29,  2016, the Company drew down the second tranche under
the Credit Facility in the amount of $1.5 million.  The Company
has, therefore, drawn down the total amount of the $12 million
available under the Credit Facility.

In connection with the draw down of the second tranche under the
Credit Facility, the Company issued to the lenders warrants to
purchase an aggregate of 99,057 shares of the Company's common
stock at an exercise price of $1.06 per share, which equals the
VWAP for the ten-day period prior to the Jan. 29, 2016, closing
date.  The warrants are exercisable for five years from the date of
issuance.  The Warrants have not been registered under the
Securities Act of 1933, as amended, pursuant to the exemption under
Section 4(a)(2) of the Act.

                     About STRATA Skin Sciences

STRATA Skin Sciences (formerly MELA Sciences, Inc.) is a medical
technology company focused on the therapeutic and diagnostic
dermatology market.  Its products include the XTRAC laser and VTRAC
excimer lamp systems utilized in the treatment of psoriasis,
vitiligo and various other skin conditions; and the MelaFind system
used to assist in the identification and management of melanoma.

The Company reported a net loss of $14.1 million on $915,000 of net
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $26.0 million on $536,000 of net revenues in the prior year.

EisnerAmper LLP, issued a "going concern" qualification in its
report on the consolidated financial statements for the year ended
Dec. 31, 2014, citing that the Company has not yet established an
ongoing source of revenue sufficient to cover its operating costs
and has suffered recurring losses from operations.


TELKONET INC: Bard Associates Reports 12.5% Stake as of Dec. 31
---------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Bard Associates, Inc. disclosed that as of Dec. 31,
2015, it beneficially owns 16,581,414 shares of common stock of
Telkonet, Inc. representing 12.5 percent of the shares outstanding.
A copy of the regulatory filing is available for free at
http://is.gd/XhX0co

                          About Telkonet

Milwaukee, Wisconsin-based Telkonet, Inc., is a clean technology
company that develops and manufactures proprietary energy
efficiency and smart grid networking technology.

Telkonet reported a net loss attributable to common stockholders
of $95,400 in 2014 following a net loss attributable to common
stockholders of $4.9 million in 2013.

As of Sept. 30, 2015, the Company had $11.5 million in total
assets, $5.35 million in total liabilities and $6.12 million in
total stockholders' equity.

BDO USA, LLP, in Milwaukee, Wisconsin, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2014, citing that the Company has a history of
losses from operations, a working capital deficiency, and an
accumulated deficit of $121,906,017 that raise substantial doubt
about its ability to continue as a going concern.


TENET HEALTHCARE: Glenview Capital Beneficially Owns 17.9% Stake
----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Glenview Capital Management, LLC and Lawrence M.
Robbins disclosed that as of Jan. 28, 2016, they beneficially own
17,900,928 shares of common stock of Tenet Healthcare Corporation,
representing 17.96 percent of the shares outstanding.  A copy of
the regulatory filing is available for free at:

                       http://is.gd/p8yeBB

                          About Tenet

Tenet Healthcare Corporation -- http://www.tenethealth.com/-- is  

a national, diversified healthcare services company with 110,000
employees united around a common mission: to help people live
happier, healthier lives.  The company operates 80 hospitals, 214
outpatient centers, six health plans and Conifer Health Solutions,
a leading provider of healthcare business process services in the
areas of revenue cycle management, value based care and patient
communications.

Tenet Healthcare reported net income attributable to the Company's
shareholders of $12 million for the year ended Dec. 31, 2014,
compared to a net loss attributable to the Company's shareholders
of $134 million during the prior year.

As of Sept. 30, 2015, the Company had $23.2 billion in total
assets, $20.5 billion in total liabilities, $1.68 billion in
redeemable noncontrolling interests in equity of consolidated
subsidiaries and $1.01 billion in total equity.

                         *    *    *

Tenet carries a 'B' IDR from Fitch Ratings, 'B' corporate credit
rating from Standard & Poor's Ratings Services and 'B1' Corporate
Family Rating from Moody's Investors Service.


TORQUED-UP ENERGY: Can Hire Dore Law as Counsel in Texas Suit
-------------------------------------------------------------
The Bankruptcy Court for the Eastern District of Texas authorized
Torqued-Up Energy Services, Inc., et al., to employ Dore Law Group,
P.C., as their special counsel in the action styled Preferred
Quality Chemicals, LLC, Plaintiff, vs. SWEPI, LP d/b/a Shell
Western E&P, et al., Defendants, Cause No. 2014CVF000297D2, pending
in the 11th Judicial District Court in Webb County, Texas.

The normal hourly billing rates of Dore Law are:

         Carl Dore                           $365
         Amanda Speer                        $305
         Zachary McKay                       $225
         Paralegals                          $135

To the best of the Debtors' knowledge, the firm, its members and
associates, do not hold or represent any interest adverse to that
of the Debtors' estates with respect to the matter for which
their employment is sought.

The firm can be reached at:

         Dore Law Group, P.C.
         17171 Park Row, Suite 160
         Houston, TX 77084
         Tel: (281) 829-1555
         Fax: (281) 200-0751
         Email: carl@dorelawgroup.net
                aspeer@dorelawgroup.net
                zmckay@dorelawgroup.net

                      About Torqued-Up Energy

Torqued-Up Energy Services, Inc., Arctic Acquisition Corporation
and Torqued-up Enterprises, LLC filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Tex. Case Nos. 15-60796, 15-60798, and
15-60799, respectively) on Nov. 24, 2015.  The petition was signed
by Kelly W. Prentiss as CEO.  The Debtors estimated both assets
and
liabilities in the range of $10 million to $50 million.  Ireland,
Carroll, & Kelley and Searcy & Searcy, P.C. serve as the Debtors'
counsel.  Judge Bill Parker has been assigned the case.

Arctic and Enterprises, while non-operating, are guarantors on TUES
debt to the senior secured lenders and have pledged assets to
secure that debt.

As of Oct. 9, 2015, the Company had on hand the sum of
approximately $1.2 million in cash.  The Debtor also owns
approximately $3 million in outstanding accounts receivables of
which approximately $1.5 million is collectible.

The Company's other non-insider, third-party debt is approximately
$1.5 million as of Oct. 9, 2015, consisting largely of
approximately 41 capital leases.

The Company has unsecured subordinated debt which has been
advanced
by one or more equity owners over time.  That sub-debt is
contractually subordinated to the secured debt of the Banks and as
of Oct. 9, 2015, totals in the amount of $32.5 million.  No
interest or other payments have been made on the sub-debt.


TORQUED-UP ENERGY: Has Final Authority to Use Cash Collateral
-------------------------------------------------------------
Judge Bill Parker of the United States Bankruptcy Court for the
Eastern District of Texas authorized Torqued Up Energy Services,
Inc., to use cash collateral securing its prepetition indebtedness
on a final basis.

The Debtors are authorized to use the Cash Collateral in accordance
with a budget for working capital, general corporate purposes and
administrative costs and expenses of the Debtors incurred in the
Chapter 11 case, subject to the terms of the Order and adequate
protection payments to the Administrative Agent and the Lenders, as
provided in the Order.

The Administrative Agent and the Lenders are entitled to adequate
protection of their interests in the Prepetition Collateral in an
amount equal to the aggregate postpetition diminution in value of
the Prepetition Collateral, including without limitation, any
diminution resulting from the sale, lease or use by the Debtors or
other decline in value of the Prepetition Collateral and the
imposition of the automatic stay pursuant to Section 362 of the
Bankruptcy Code.

As adequate protection, the Administrative Agent and the Lenders
are granted: an Adequate Protection Obligations, which constitute a
superpriority claim against the Debtors, with priority in payment
over any and all unsecured claims and administrative expense claims
against the Debtors and which will at all times be senior to the
rights of the Debtors, and any successor trustee or any creditor,
in the Chapter 11 Case or any subsequent proceeding, including
without limitation a Chapter 7 proceeding under the Bankruptcy
Code, subject and subordinate only to the Carve Out.

As security for the Adequate Protection Obligations, the following
security interests and liens are granted to the Administrative
Agent for the benefit of the Lenders, subject only to the Carve
Out: (i) First Priority on Unencumbered Property, (ii) Liens Junior
to Certain Existing Liens, and (iii) the Adequate Protection Liens
which shall not be subject or subordinate to any lien or security
interest that is avoided and preserved for the benefit of the
Debtors and their estates or any lien or security interest arising
after the Petition Date, subject to the Carve Out, or subordinated
to or made pari passu with any other lien or security interest
under Bankruptcy Code sections 363 or 364 or otherwise.

            Administrative Agent's Objection

Amegy Bank National Association, as Administrative Agent, objected
to the Debtors' request to use cash collateral to the extent the
Debtors use the Cash Collateral without granting sufficient
adequate protection.

The Administrative Agent argued that a trustee or a
debtor-in-possession in a chapter 11 proceeding may not use, sell
or lease cash collateral unless the entity with an interest in the
collateral consents or the court, after notice and a hearing,
authorizes the use, sale or lease.

The Administrative Agent said it does not consent to the use of the
Cash Collateral to pay administrative expenses of the estates, or
any other expenses, unless the final order authorizing the use
contains the terms and provisions provided in the Proposed Cash
Collateral Order.  The Administrative Agent told the Court that it
was working with the Debtors and the U.S. Trustee to resolve any
concerns related to the Cash Collateral Order, but reserved its
right prosecute this objection absent an agreed resolution, the
Administrative Agent added.

               Tax Authorities Oppose Cash Use

The Tax Authorities -- Dewitt County, Gregg County, Jim Wells CAD,
Rusk County and Smith County -- objected to the Interim Cash
Collateral Order and the entry of a final order to the extent their
liens are not adequately protected.

The Tax Authorities objected to any provision in the final order,
which concludes that the Debtor's obligations to the Administrative
Agent and the Lenders are secured by first priority liens against
all of the Pre-Petition Collateral to the extent that those liens
would be asserted as senior to the Tax Authorities' liens and any
provision containing that their senior statutory liens that secure
all amounts owed for prepetition ad valorem property taxes and that
will secure their administrative expense claims for tax year 2016
are primed by any liens that the Administrative Agent and the
Lenders currently hold or will hold against the Debtor's assets.

According to the Tax Authorities, their liens are senior to the
liens of the Administrative Agent and the Lenders because pursuant
to Texas law, the Tax Authorities hold senior liens against the
Debtor's property within their jurisdictions and against all of the
Debtor's existing and after-acquired business personal property.
Therefore, the Tax Authorities asked the Court that the final order
modify the Interim Order to provide that the Tax Authorities' liens
that secure pre- and post-petition ad valorem property taxes and
their right to payment of those taxes maintain their senior lien
priority and senior right to payment nunc pro tunc to the petition
date and grant the Tax Authorities such other and further relief to
which they may be justly entitled.

A full-text copy of the Final Cash Collateral Order with Budget is
available at http://bankrupt.com/misc/TORQUEDcashcol1218.pdf

Amegy Bank National Association, As Administrative Agent is
represented by:

     Jason G. Cohen, Esq.
     William A. (Trey) Wood III, Esq.
     BRACEWELL & GIULIANI LLP
     711 Louisiana Street, Suite 2300
     Houston, Texas 77002
     Telephone: (713) 223-2300
     Facsimile: (713) 221-1212
     Email: Trey.Wood@bgllp.com
            Jason.Cohen@bgllp.com

Dewitt County, Gregg County, Jim Wells CAD, Rusk County and Smith
County are represented by:

     Laurie Spindler Huffman
     LINEBARGER GOGGAN BLAIR & SAMPSON, LLP
     2777 N. Stemmons Fwy, Suite 1000
     Dallas, TX 75207
     Telephone: (214) 880-0089
     Facsimile: (469) 221-5002
     Email: Laurie.Huffman@lgbs.com

          About Torqued-Up Energy

Torqued-Up Energy Services, Inc., Arctic Acquisition Corporation
and Torqued-up Enterprises, LLC filed Chapter 11 bankruptcy
petitions (Bankr. E.D. Tex. Case Nos. 15-60796, 15-60798, and
15-60799, respectively) on Nov. 24, 2015.  The petition was signed
by Kelly W. Prentiss as CEO.  The Debtors estimated both assets and
liabilities in the range of $10 million to $50 million.  Ireland,
Carroll, & Kelley and Searcy & Searcy, P.C. serve as the Debtors'
counsel.  Judge Bill Parker has been assigned the case.

Arctic and Enterprises, while non-operating, are guarantors on debt
to the senior secured lenders and have pledged assets to secure
that debt.

As of Oct. 9, 2015, the Company had on hand the sum of
approximately $1.2 million in cash.  The Debtor also owns
approximately $3 million in outstanding accounts receivables of
which approximately $1.5 million is collectible.

The Company's other non-insider, third-party debt is approximately
$1.5 million as of Oct. 9, 2015, consisting largely of
approximately 41 capital leases.

The Company has unsecured subordinated debt which has been advanced
by one or more equity owners over time.  That sub-debt is
contractually subordinated to the secured debt of the Banks and as
of Oct. 9, 2015, totals in the amount of $32.5 million.  No
interest or other payments have been made on the sub-debt.


TRI STATE TRUCKING: Adds IRS and CAT Financial to Creditors List
----------------------------------------------------------------
Tri State Trucking Company filed with the U.S. Bankruptcy Court for
the Middle District of Pennsylvania an amended list of creditors
holding 20 largest unsecured claims to reflect the addition of Cat
Financial and the Internal Revenue Service and omission of Somerset
Regional Water Resource to the list.

The amended list also reflected the decrease in the claim amount of
National Oilwell Varco.  The amended list discloses:

   Name of Creditor               Nature of Claim  Amount of Claim
   ---------------                ---------------  ---------------
AJ's                              Trade Vendor         $73,025

American Truck Stop               Trade  Vendor       $485,696
2720 South Main Street
Mansfield, PA 16933

Axion International Inc.          Trade Vendor         $52,200

B&K Equipment, LLC                Trade Vendor         $54,799

Blue Cross - First Priority Life  Trade Vendor         $69,153

CAT Financial                     Caterpillar Truck   $296,842
P.O. Box 340001
2120 West End Ave.
Nashville, TN 37203

Cleveland  Brothers               Trade Vendor        $250,866
P.O. Box 417094
Boston, MA 02241

FleetMatics USA, LLC              Trade Vendor        $249,119

Grant Smith Trucking              Trade Vendor         $30,000

Great Plains Oilfield Rental      Trade Vendor         $44,941

Hertz Equipment Rental            Trade Vendor         $95,405

Internal Revenue Service                              $368,837
P/O/ Box 7346
Philadelphia, PA 19101-0424

Ironent, LLC                      Trade Vendor        $106,954

Jack Doheny Companies             Trade Vendor        $171,541

JJ Powell Fuel Management         Trade Vendor        $246,668

Mansfield Crane Service Corp.     Reserve Account     $209,665

Napa-Rakoski Automotive           Trade Vendor         $25,908

National Oilwell Varco            Trade Vendor         $38,301

Parentebeard, LLC                 Trade Vendor         $31,852

Western AG Enterprises Inc.       Trade Vendor         $49,409

A copy of the schedules is available for free at
http://bankrupt.com/misc/TriStateTrucking_65_Nov17SALs.pdf

William E. Robinson, president of the Debtor, declared that the
filing is true and correct.

                     About Tri State Trucking

Tri State Trucking Company filed Chapter 11 bankruptcy petition
(Bankr. M.D. Pa. Case No. 15-04444) on Oct. 13, 2015.  William E.
Robinson signed the petition as president.  The Debtor disclosed
assets of  $8,373,299 and liabilities of $5,522,039.  Mette, Evans,
& Woodside represents the Debtor as counsel.  Judge John J Thomas
is assigned to the case.

Tri State operates an over the road logistics company hauling
various freight of its customers.  The Debtor employs approximately
50 people and operates from its headquarters located at 16064 Route
6, Mansfield, Pennsylvania 16933.


UTSA APARTMENTS 5: Case Summary & Largest Unsecured Creditor
------------------------------------------------------------
Debtor: UTSA Apartments 5, LLC
        1663 Keleka
        Koloa, HI 96756

Case No.: 16-50236

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 1, 2016

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Craig A. Gargotta

Debtor's Counsel: Allen M. DeBard, Esq.
                  LANGLEY & BANACK, INC
                  745 E Mulberry, Suite 900
                  San Antonio, TX 78212
                  Tel: (210) 736-6600
                  Fax: (210) 735-6889
                  Email: adebard@langleybanack.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Daniel C. Booye, member.

The Debtor listed The Woodlark Companies as its largest unsecured
creditor.

A copy of the petition is available for free at:

          http://bankrupt.com/misc/txwb16-50236.pdf


UTSA APARTMENTS 5: Wants Duplicate Case Dismissed, Seeks Refund
---------------------------------------------------------------
UTSA Apartments 5, LLC asks the Bankruptcy Court in San Antonio,
Texas, to dismiss the Chapter 11 Case No. 16-50237 as a duplicate
case has been filed.

The Koloa, Hawaii-based Debtor also seeks refund of the filing fees
as the Debtor has mistakenly paid twice for its Chapter 11 case.

The other case is, Case No. 16-50236


VARIANT HOLDING: Seeks April 20, 2016 Confirmation Hearing
----------------------------------------------------------
Variant Holding Company LLC has asked a bankruptcy court to
schedule a hearing on confirmation of a Chapter 11 plan to be
proposed by the company.

In a motion, the company asked the U.S. Bankruptcy Court in
Delaware to hold a hearing on April 20 to consider both the
adequacy of its disclosure statement and confirmation of the plan.

This schedule will coincide with the company's proposed sale of its
assets, according to its lawyer Peter Keane, Esq., at Pachulski
Stang Ziehl & Jones LLP, in Wilmington, Delaware.

Variant Holding is seeking to implement a sale of the 23 remaining
properties of its subsidiaries through a stalking horse deal with a
group of funds led by Beach Point Total Return Master Fund LP.

Under the deal, the funds will assume or pay in full all claims
allowed against the companies that are not subordinated to the
funds.  The agreement is subject to higher and better cash bids,
which Variant Holding will solicit during a 60-day auction process,
according to court filings.

Variant Holding is set to file its bankruptcy plan and disclosure
statement before Feb. 28.

                       About Variant Holding

Tucson, Arizona-based Variant Holding Company, LLC, and its direct
and indirect subsidiaries are a commercial real estate business
with direct and indirect ownership interests in 23 real property
interests in various states.

Variant Holding commenced bankruptcy proceedings under Chapter 11
of the U.S. Bankruptcy Code in Delaware (Case No. 14-12021) on Aug.
28, 2014.  Variant Holding estimated $100 million to $500 million
in assets and less than $100 million in debt.

Members holding the majority of the interests in the company,
namely Conix WH Holdings, LLC, Conix Inc., Numeric Holding Company,
LLC, Walkers Dream Trust, and Variant Royalty Group, LP, signed the
resolution authorizing the bankruptcy filing.

Variant's subsidiaries filed voluntary Chapter 11 petitions on Jan.
12, 2016.  Variant's property-owning subsidiaries, which own 23
apartment complexes, and which are debtors are: (1) Broadmoor
Apartments, LLC, Chesapeake Apartments, LLC, Holly Ridge
Apartments, LLC, Holly Tree Apartments, LLC, Preston Valley
Apartments, LLC, Ravenwood Hills Apartments, LLC, River Road
Terrace Apartments, LLC, and Sandridge Apartments, LLC
(collectively, the "FX3 Portfolio Debtors"); (2) 10400 Sandpiper
Apartments, LLC, 10301 Vista Apartments, LLC, Pines of Westbury,
Ltd., 201 Ashton Oaks Apartments, LLC, 13875 Cranbook Forest
Apartments, LLC, 5900 Crystal Springs Apartments, LLC, 7107 Las
Palmas Apartments, LLC, 11911 Park Texas Apartments, LLC, 1201 Oaks
of Brittany Apartments LLC, 3504 Mesa Ridge Apartments, LLC, 667
Maxey Village Apartments, LLC, 17103 Pine Forest Apartments, LLC,
7600 Royal Oaks Apartments, LLC, and 4101 Pointe Apartments, LLC
(collectively, the "H14 Portfolio Debtors"); and (3) The Oaks of
Stonecrest Apartments, LLC ("Oaks at Stonecrest")(the FX3 Portfolio
Debtors, the H14 Portfolio Debtors and Oaks at Stonecrest are
collectively referred as the "Property-Owning Debtors").

The FX3 Portfolio Debtors own 8 apartment projects in Texas,
Maryland, Virginia, and South Carolina, which properties total
1,850 housing units.  The H14 Portfolio Debtors own 14 apartment
projects in Texas, which consist of a total of 5,050 housing units.
Oaks at Stonecrest owns a single apartment project in Lithonia,
Georgia, which has 280 housing units.

The Debtors have tapped Pachulski Stang Ziehl & Jones LLP, as
counsel and UpShot Services LLC as claims and noticing agent.


VERSO CORPORATION: Files Confidential Information with SEC
----------------------------------------------------------
In connection with the Chapter 11 cases and the related entry by
Verso Corporation, et al., into certain debtor-in-possession
financing arrangements, Verso provided certain confidential
information to certain holders of the Debtors' debt.  Verso has
agreed with certain Holders to provide the following information:

   * 13-Week Cash Forecast dated January 24, 2016.
     http://goo.gl/Y3UUH4

   * 18-Month Free Cash Flow Projections dated January 26, 2016.
     http://goo.gl/PSYs77

                      About Verso Corporation

Verso Corporation and 26 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10163 to
16-10189, respectively) on Jan. 26, 2016.  The petitions were
signed by David Paterson as president and chief executive officer.

Verso Corporation claims to be the leading North American producer
of coated papers, which are used primarily in magazines, catalogs,
high-end advertising brochures and annual reports, among other
media and marketing publications.  The Debtors employ approximately
5,200 personnel.

The Debtors disclosed total assets of $2.9 billion and total debts
of $3.87 million.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Paul, Weiss, Rifkind, Wharton & Garrison LLP as corporate counsel,
Richards, Layton & Finger, P.A. as Delaware counsel, PJT Partners
L.P. as investment banker, Alvarez & Marsal North America, LLC as
financial advisor and Prime Clerk LLC as claims and noticing agent.


VUZIX CORP: May Sell $100 Million Worth of Securities
-----------------------------------------------------
Vuzix Corporation filed a Form S-3 registration statement with the
Securities and Exchange Commission relating to the offering by the
Company of its common stock, preferred stock, warrants and units
for an aggregate initial offering price of up to $100,000,000.

The Company's common stock is currently traded on the NASDAQ
Capital Market under the symbol "VUZI."  On Jan. 28, 2016, the last
reported sales price for the Company's common stock was $5.48 per
share.  

The Company will apply to list any shares of common stock sold by
the Compoany under this prospectus and any prospectus supplement on
the NASDAQ Capital Market.  The prospectus supplement will contain
information, where applicable, as to any other listing of the
securities on the NASDAQ Capital Market or any other securities
market or exchange covered by the prospectus supplement.

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

                       http://is.gd/KrunDB

                      About Vuzix Corporation

Vuzix -- http://www.vuzix.com/-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

The net loss for the year 2014 was $7.87 million versus a net loss
of $10.1 million in 2013.

As of Sept. 30, 2015, the Company had $22.13 million in total
assets, $2.74 million in total liabilities and $19.38 million in
total stockholders' equity.


WAFERGEN BIO-SYSTEMS: Perkins Reports 7.6% Stake as of Oct. 16
--------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Perkins Capital Management, Inc. reported that as of
Oct. 16, 2015, it beneficially owns 1,483,000 shares of common
stock of Wafergen Bio-Systems, Inc. representing 7.6 percent of the
shares outstanding.  A copy of the regulatory filing is available
for free at http://goo.gl/vtlzP3

                   About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.

WaferGen Bio-systems reported a net loss of $10.7 million in 2014,
a net loss of $16.3 million in 2013 and a net loss of $8.97
million in 2012.

As of Sept. 30, 2015, the Company had $10.65 million in total
assets, $7.66 million in total liabilities and $2.99 million in
total stockholders' equity.


WALTER ENERGY: Selling Remaining U.S. Assets to Seminole
--------------------------------------------------------
Walter Energy, Inc., together with certain of its subsidiaries, on
January 31, 2016, entered into an asset purchase agreement with
Seminole Coal Resources, LLC, ERP Compliant COKE, LLC and ERP
Environmental Fund, Inc., pursuant to which, among other things,
the Buyers agreed to acquire substantially all of the Company's
remaining U.S. assets after giving effect to its previously
announced stalking horse asset purchase agreement, dated November
5, 2015 with Coal Acquisition LLC, in exchange for the assumption
of the Assumed Liabilities by the Buyers.

The Buyers are all related to ERP Compliant Fuels, LLC, an
affiliate of Virginia Conservation Legacy Fund, Inc.

The aggregate consideration for the purchase, sale, assignment and
conveyance of the Acquired Assets consists of:

     -- $1.00 in cash; and

     -- the assumption by the Buyer of the Assumed Liabilities
        from the Sellers, including the assumption of the
        obligation to pay the applicable counterparties of the
        applicable Assumed Contracts the Cure Costs payable by
        the Buyer under Section 2.5 and assumption by Buyer of
        the Pardee Lease Liabilities from J.W. Walter, Inc.

These Liabilities of the Sellers constitute the Assumed
Liabilities:

     1. all Liabilities under the Assumed Contracts;

     2. the Current Liabilities;

     3. all Cure Costs for Assumed Contracts;

     4. Liabilities arising out of the operation of the Acquired
        Assets or the Business for periods following the Closing
        Date, including with respect to workers' compensation or
        Occupational health claims relating to any Buyer Employee
        arising out of an event that occurs on or after the
        Closing Date;

     5. all Liabilities to the extent arising out of or relating
        to the Transferred Permits, including (i) all Liabilities
        for Reclamation and post-mining operation Liabilities;
        (ii) compliance with performance obligations or standards
        under the Transferred Permits and associated Legal
        Requirements; and (iii) obligations to replace and/or
        increase bonds or other financial assurance instruments
        associated with the Transferred Permits;

     6. regulatory violations and obligations on or in relation
        to the Transferred Permits arising post-Closing;

     7. all Liabilities to the extent arising out of or relating
        to: (x) (i) compliance with any Mining and Mine Safety
        Law, and any mine operating or safety compliance matters,
        related to the Acquired Assets or the acquired mining
        areas of the Business; (ii) the Acquired Assets' or the
        Business' compliance with Environmental Laws; and (iii)
        the remediation or corrective action required to resolve
        any environmental, safety or health conditions present
        at, under or migrating from the Acquired Assets,
        including any arising from or related to a Release
        resulting from the operation of the Acquired Assets, (y)
        excluding, in each of the preceding cases (x)(i)-(iii),
        any monetary fines and penalties imposed by any
        Governmental Authority for which Sellers or any of their
        Affiliates have received a written notice of violation or
        notice of claim (or other written notice of similar
        legal intent or meaning) on or prior to the Closing Date
        (whether or not disclosed on the Disclosure Schedules)
        (such excluded fines and penalties in subsection (y)
        collectively, the "Excluded Pre-Closing Fines");

     8. (1) Transfer Taxes and Secured Taxes and (2) all Taxes
        with respect to the Acquired Assets for any period (or
        portion thereof) beginning on or after the Closing Date
        (such Taxes set forth in clause (2), "Post-Closing
        Taxes");

     9. all Liabilities of Sellers as a result of any action
        taken by Sellers at Buyer's or its Affiliates' request
        pursuant to Sections 7.8(a)(iv), 7.8(a)(v) and 7.8(a)(vi)
        and Sections 7.8(b)(iv), 7.8(b)(v) and 7.8(b)(vi) of the
        Purchase Agreement;

    10. all Liabilities of Sellers in respect of the Acquired
        Assets for Reclamation (and, if applicable, post-mining
        operation Liabilities);

    11. any obligations owed to any Buyer Employee under Seller's
        key employee retention plan which are payable after the
        Closing Date in accordance with the terms thereof, as
        previously disclosed to Buyer in writing in an aggregate
        amount not to exceed $250,000;

     12. any and all accrued and unpaid payroll by Sellers and/or
        their Affiliates in connection with the Acquired Assets
        or the Business for up to the maximum two-week period
        prior to the Closing; provided, however, that Sellers
        shall make such payroll payments with funding to be
        provided by Buyer at Closing; and

    13. all Liabilities, including, but not limited to, all
        compliance obligations, remediation, and corrective
        action, relating to the RCRA SECTION 3008(h)
        Administrative Order on Consent, Docket No. RCRA-04-
        2012-4255, with the United States Environmental
        Protection Agency, Region 4, involving the Walter Coke,
        Inc. facility located at 3500 35th Avenue North,
        Birmingham, AL 35207-2918.

The Asset Purchase Agreement is subject to a number of closing
conditions, including, among others, (i) the approval of the
Bankruptcy Court in the Chapter 11 Cases, (ii) the accuracy of
representations and warranties of the parties, and (iii) material
compliance with the obligations set forth in the Asset Purchase
Agreement.

The transactions contemplated under Asset Purchase Agreement are
required to close by February 29, 2016, subject to extension for up
to 30 days under certain circumstances.

The sale of the Subject Assets pursuant to the Asset Purchase
Agreement is expected to be conducted under the provisions of
Sections 363 and 365 of the Bankruptcy Code and will be subject to
proposed bidding procedures and receipt of higher or otherwise
better bids at the proposed auction for the Subject Assets.

A copy of the Asset Purchase Agreement is available at
http://1.usa.gov/1QFJYoD

Virginia Conservation Legacy Fund, Inc. is a nonprofit organization
seeking sustainable approaches and public awareness about natural
resource use. VCLF controls over 30,000 acres of conservation land,
including the Natural Bridge of Virginia. VCLF works closely with
the coal industry to promote best management practices in land
reclamation, reforestation, and water quality improvement. VCLF
provides "environmental management services" to 459 coal mining and
water quality permits in 5 states.

VCLF affiliate ERP Compliant Fuels, LLC seeks to promote the sale
of coal, and now coke, which is bundled with carbon credits from
the reforestation of Appalachian lands to reduce the rate of growth
in atmospheric carbon dioxide. With the Seminole purchase, ERP will
operate one coke plant and four underground mines, including three
longwalls, producing over 10 million tons of thermal and
metallurgical coal annually. VCLF is supported by The Plains,
Virginia based Green-Trees which has reforested over 100,000 acres
(36 million trees) in the Mississippi Alluvial Delta generating
over 12 million tons of carbon dioxide emission offsets.

The Buyer may be reached at:

     Seminole Coal Resources, LLC
     ERP Compliant COKE, LLC
     ERP Environmental Fund, Inc.
     15 Appledore Lane
     P.O. Box 87
     Natural Bridge, VA 24578
     Attn:  Thomas M. Clarke

          - and -

     ERP Compliant Fuels LLC
     PO Box 305
     Madison, WV 25130
     Attn: Kenneth R, McCoy

          - and -

     ERP Compliant Fuels LLC
     c/o ENCECo, Inc.
     3694 Seaford Drive
     Columbus, OH 43220
     Attn: Charles A. Ebetino, Jr.
     Facsimile: (614) 459-5176

PJT Partners is serving as financial advisor and Paul, Weiss,
Rifkind, Wharton & Garrison LLP and Bradley Arant Boult Cummings
LLP are serving as legal advisors to Walter Energy.

Paul Weiss may be reached at:

     PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
     1285 Avenue of the Americas
     New York, NY 10019-6064
     Attn: Kelley A. Cornish, Esq.
     Facsimile: 212-757-3990

          - and -

     PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
     1285 Avenue of the Americas
     New York, NY 10019-6064
     Attn: Ariel J. Deckelbaum, Esq.
           Toby S. Myerson, Esq.
     Facsimile: 212-757-3990

                      About Walter Energy

Walter Energy -- http://www.walterenergy.com/-- is a publicly
traded "pure-play" metallurgical coal producer for the global steel
industry with strategic access to steel producers in Europe, Asia
and South America.  The Company also produces thermal coal,
anthracite, metallurgical coke and coal bed methane gas.  Walter
Energy employs approximately 2,700 employees, with operations in
the United States, Canada and the United Kingdom.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $471 million following a net loss of $359 million in 2013.  

Walter Energy, Inc., and its affiliates sought Chapter 11
protection (Bankr. N.D. Ala. Lead Case No. 15-02741) in Birmingham,
Alabama on July 15, 2015, after signing a restructuring support
agreement with first-lien lenders.

Walter Energy disclosed total assets of $5.2 billion and total debt
of $5 billion as of March 31, 2015.

The Debtors tapped Paul, Weiss, Rifkind, Wharton & Garrison as
counsel; Bradley Arant Boult Cummings LLP, as co-counsel; Ogletree
Deakins LLP, as labor and employment counsel; Maynard, Cooper &
Gale, P.C., as special counsel; Blackstone Advisory Services, L.P.,
as investment banker; AlixPartners, LLP, as financial advisor, and
Kurtzman Carson Consultants LLC, as claims and noticing agent.

The Bankruptcy Administrator for the Northern District of Alabama
appointed an Official Committee of Unsecured Creditors and an
Official Committee of Retirees.  The Creditors Committee tapped
Morrison & Foerster LLP and Christian & Small LLP as attorneys.
The Retiree Committee retained Adams & Reese LLP and Jenner & Block
LLP as attorneys.

The informal group of certain unaffiliated First Lien Lenders and
First Lien Noteholders (the "Steering Committee") retained Akin,
Gump, Strauss, Hauer and Feld LLP as legal advisor, and Lazard
Freres & Co. LLC as financial advisor.


WAVE SYSTEMS: Chapter 7 Filing Constitutes Default
--------------------------------------------------
Wave Systems Corp. disclosed in a Form 8-K filed with the
Securities and Exchange Commission that the filing of its Chapter 7
Case will constitute an event of default under the terms of the
Receivables Purchase Agreement by and between the Company and
Marble Bridge Funding Group, Inc., as supplemented by an Addendum
to the Purchase Agreement by and between Wave and MBFG and by a
separate Validity Guaranty delivered in connection therewith.  

As of Feb. 1, 2016, less than $100,000 of advances and obligations
remain outstanding under the Facility.  Obligations of the Company
under the Facility will become immediately due and payable as a
result of the filing of the Chapter 7 Case and penalties under the
Facility will accrue.  In addition, pursuant to the Facility, MBFG
will have the right to convert receivables which are held as
security by MBFG from security to the outright legal and equitable
property of MBFG, and MBFG will have no obligation to remit
collections from any receivables that it may possess.

                        About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems filed a Chapter 7 bankruptcy petition (Bankr. D. Del)
on Feb. 1, 2016.  As a result of the filing of the Chapter 7 Case,
a Chapter 7 trustee will be appointed by the Bankruptcy Court and
will assume control of the Company.  The assets of the Company will
be liquidated in accordance with the Code.


WEST CORP: Reports Fourth Quarter and Full Year 2015 Results
------------------------------------------------------------
West Corporation reported net income of $62.3 million on $568
million of revenue for the three months ended Dec. 31, 2015,
compared to net income of $48.3 million on $563 million of revenue
for the same period in 2014.

For the year ended Dec. 31, 2015, the Company reported net income
of $242 million on $2.28 billion of revenue compared to net income
of $158 million on $2.21 billion of revenue for the year ended Dec.
31, 2014.

As of Dec. 31, 2015, the Company had $3.61 billion in total assets,
$4.16 billion in total liabilities and a total stockholders'
deficit of $552 million.

"2015 was an important year for West Corporation.  We had strong
cash flow generation and continued refining our portfolio of
services.  We divested several agent-based services businesses,
made three acquisitions, refinanced our term loan, paid down debt
and repurchased two million shares of stock.  We believe these
actions will enhance the growth of the Company going forward," said
Tom Barker, chairman and chief executive officer.

"The adjusted organic growth5 in our core business was 4.1 percent
in the fourth quarter of 2015 and 3.3 percent for the year.  With
the expected growth in our non-conferencing businesses, we believe
we will finish 2016 in a stronger growth position.  As we move
through the year, we will continue to focus on capital generation
and deployment.  In addition, in an effort to provide investors
with enhanced visibility into how our underlying businesses are
performing, we will now report results in four segments," Mr.
Barker continued.

At Dec. 31, 2015, West Corporation had cash and cash equivalents
totaling $182.3 million and working capital of $243.1 million.
Interest expense was $38.4 million during the three months ended
Dec. 31, 2015, compared to $42.9 million during the comparable
period the prior year.  Interest expense was $154.3 million in 2015
compared to $188.1 million in 2014.

"We ended 2015 in a strong financial position, with more than $180
million of cash on our balance sheet and no funded debt maturities
until mid-2018.  During the year we generated more than $400
million of cash from operations and reduced our debt by nearly $260
million while lowering our interest expense by nearly $34 million,"
said Jan Madsen, chief financial officer.

A copy of the press release is available for free at:

                   http://goo.gl/EplG3A

                   About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corp reported net income of $158 million in 2014 following net
income of $143 million in 2013.

As of Sept. 30, 2015, the Company had $3.55 billion in total
assets, $4.15 billion in total liabilities and a $596 million
stockholders' deficit.

                       Bankruptcy Warning

"If we cannot make scheduled payments on our debt, we will be in
default, and as a result:

   * our debt holders could declare all outstanding principal and
     interest to be due and payable;

   * the lenders under our Senior Secured Credit Facilities could
     terminate their commitments to lend us money and foreclose
     against the assets securing our borrowings; and

   * we could be forced into bankruptcy or liquidation," the    
     Company states in the quarterly report for the period ended
     Sept. 30 ,2015.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WESTMORELAND COAL: Closes San Juan Mine Acquisition & Financing
---------------------------------------------------------------
Westmoreland Coal Company announced the completion of its
acquisition of the San Juan Mine in Farmington, New Mexico by its
subsidiary Westmoreland San Juan, LLC for a purchase price of
approximately $127 million, subject to post-closing adjustments.
Westmoreland's management will hold a call on February 4th to
discuss the acquisition and to provide a general business update
and guidance for 2016.

Westmoreland San Juan assumed operations at the mine on Feb. 1,
2016.  The acquisition of the San Juan Mine, which is adjacent to a
power plant, augments Westmoreland's suite of mine mouth mining
operations and provides additional coal resources of 148 million
tons.  Concurrent with the mine acquisition, Westmoreland entered
into a long-term coal supply agreement with the owners of the
adjacent San Juan Generating Station, requiring SJGS to purchase
100% of its coal from the San Juan Mine, with tonnage and pricing
adjusting quarterly through 2022.

"The addition of the San Juan Mine further enhances our mine mouth
business model, which has been fundamental in providing strong cash
generation," said Kevin Paprzycki, Westmoreland's chief executive
officer.  "We look forward to building upon the solid partnership
with the SJGS team in the years to come."

To finance a portion of the transaction, WSJ entered into a $125
million structured loan with a subsidiary of PNM Resources, Inc.
The loan is a $125 million Senior Secured Non-Revolving Term Loan
maturing Feb. 1, 2021, and bears initial interest at a 7.25% rate
plus LIBOR, which escalates over time.  There are no prepayment
penalties and the loan is structured such that greater than half
the balance is due to be repaid in the first two years.

"We believe the San Juan transaction is an overwhelming success for
Westmoreland, PNM Resources, and PNM's customers," said Mr.
Paprzycki.

BMO Capital served as capital markets advisor for the transaction.

                     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.


WHISKEY ONE: Court Denies Polm Bid for Ch. 11 Trustee
-----------------------------------------------------
Judge David E. Rice of the U.S. Bankruptcy Court for the District
of Maryland, Baltimore Division, denied the motion filed by Richard
E. Polm and Polm Development Limited Partnership ("Polm"), asking
for the appointment of a Chapter 11 Trustee.

FAIRMD, LLC joined the Motion filed by Polm, while debtor Whiskey
One Eight, LLC and Theresa Polm objected to the Motion.

The Debtor related that none of the grounds offered in support of
the Trustee Motion established cause to appoint an chapter 11
trustee.  The Debtor further related that Polm or their counsel
have the equitable standing to seek the relief they are requesting
in their Trustee Motion.  The Debtors told the Court that any
analysis of the Trustee Motion must be considered in light of Mr.
Polm's consistent efforts in the case to implement his focused and
tortious plan since the Oct. 9, 2013 appointment of Andrew Zois as
the Debtor's manager to remove Mr. Zois from that position.  The
Debtors further told the Court that the Trustee Motion is but the
latest of Mr. Polm's many attempts over the past 25 months.

Theresa Polm related that she voted for Mr. Zois as the manager of
the Debtor, in her capacity as a member of the Debtor, replacing
Mr. Polm as manager.  She further related that she remains
convinced that installing Mr. Zois as the Debtor's manager was in
the best interests of the Debtor, its creditors and its equity
interest holders.  Ms. Polm asserted that she remains equally
convinced that both before and after Mr. Polm was removed as the
Debtor's former manager, he engaged in an ongoing scheme of
misappropriation of assets, breaches of fiduciary duty and outright
deceit, which scheme was conducted solely for personal gain and at
the expense of the Debtor's creditors and its other equity security
holders.  Ms. Polm further asserted that the Trustee Motion is but
another attempt by Mr. Polm to thwart
Mr. Zois' efforts to uncover this scheme and to repair the damage
that it has done to the Debtor and its estate.

Whiskey One Eight is represented by:

          Lawrence J. Yumkas, Esq.
          Corinne E. Donohue, Esq.
          YUMKAS, VIDMAR,SWEENEY & MULRENIN,LLC
          10211 Wincopin Circle, Suite 500
          Columbia, MD 21044
          Telephone: (443)569-0758
          E-mail: lyumkas@yvslaw.com
                
Theresa Polm is represented by:

          Lawrence A. Katz, Esq.
          LEACH TRAVELL PC
          8270 Greensboro Drive, Suite 700
          Tysons Corner, Virginia 22102
          Telephone: (703)584-8362
          Facsimile: (703)584-8901
          E-mail: lkatz@ltblaw.com

FAIRMD, LLC, is represented by:

          Lisa Bittle Tancredi, Esq.
          Michael D. Nord, Esq.
          Keith M. Lusby, Esq.
          GEBHARDT & SMITH LLP
          One South Street, Suite 2200
          Baltimore, Maryland 21202
          Telephone: (410)385-5048
          Facsimile: (443)957-1920
          E-mail: mnord@gebsmith.com
                  ltancredi@gebsmith.com
                  klusby@gebsmith.com

                     About Whiskey One Eight

Whiskey One Eight, LLC filed a Chapter 11 bankruptcy petition
(Bankr. D. Md. Case No. 15-19885) on July 15, 2015.  Andrew Zois
signed the petition as managing member.  The Debtor disclosed total
assets of $18,008,600 and total liabilities of $5,100,057 as of the
Chapter 11 filing.

Lawrence Joseph Yumkas, Esq., at Yumkas, Vedmar & Sweeney, LLC as
the Debtor's counsel.  Judge David E. Rice presides over the case.


ZLOOP INC: Has Until March 6, 2016 to Decide on Unexpired Leases
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware extended
until March 6, 2015, Zloop, Inc., et al.'s time to assume or reject
unexpired leases of non-residential real property under Section
365(d)(4) of the Bankruptcy Code.

As reported by the Troubled Company Reporter on Dec. 21, 2015, the
Debtors operate a proprietary, state of the art, 100% landfill
free eWaste recycling company and have many creditors, vendors,
suppliers, and contract counterparties.  Moreover, the Debtors have
several matters in which they are currently engaged in litigation.
During the time since the Commencement of these cases, significant
progress has been made in the Debtors' efforts to maximize value
for their constituencies, including through reaching of a
standstill agreement between the Debtors, the Committee and Mr.
Mosing that will permit the Debtors to focus on developing a viable
exit strategy and plan of reorganization.

Contemporaneously, the Debtors are seeking an extension of the
exclusive period in which to file and solicit a plan.

Accordingly, the Debtors asserted that extending the date through
and including March 6, 2016, is necessary and appropriate to ensure
that the Debtors are able to assume and assign any applicable Real
Property Leases in connection with any plan of reorganization or
other asset disposition strategy.

                        About ZLOOP, Inc.

ZLOOP, Inc., and two affiliates sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-11660) on Aug. 9, 2015.  

ZLOOP operates a proprietary, state of the art, 100% landfill free
eWaste recycling company headquartered in Hickory, North Carolina.

The Debtors tapped DLA Piper LLP as counsel.

As of the Petition Date, the Debtors' unaudited consolidated
balance sheet reflect total assets of approximately $25 million,
including the land and improvements, but excluding certain
commodity inventories that are the output of eWaste recycling, and
total liabilities of approximately $32 million.

On Sept. 2, 2015, the U.S. trustee overseeing the Debtors' Chapter
11 cases appointed Recycling Equipment Inc., E Recycling Systems
LLC and Carolina Metals Group to serve on the official committee
of unsecured creditors.  The committee is represented by Cole
Schotz P.C.


[*] U.S. Chamber Issues Statement on Senate Judiciary FACT Hearing
------------------------------------------------------------------
Lisa A. Rickard, president of the U.S. Chamber Institute for Legal
Reform (ILR), made the following statement on Feb. 3 about the U.S.
Senate Judiciary Committee holding a hearing on the need for
bringing transparency to asbestos bankruptcy trusts:

"Earlier this year, the U.S. House of Representatives passed
legislation to bring transparency to asbestos bankruptcy trusts,
and we commend the Senate Judiciary Committee for exercising its
oversight authority.

"The Furthering Asbestos Claim Transparency (FACT) Act (Section 3
of H.R. 1927) will reduce 'double dip' claims against asbestos
bankruptcy trusts and in the tort system, by requiring the trusts
to report quarterly on who files claims, while protecting
individuals' personal information just the same as the courts do.
The bill also will help guarantee that asbestos trust funds are not
drained by trial lawyer fraud.

"Currently, the trust's lack of transparency and accountability has
led to rampant and systemic abuse in the filing of claims that
threatens their ability to meet the needs of future asbestos
claimants.  The FACT Act will ensure that real asbestos victims get
the money they deserve, now and in the future."

ILR seeks to promote civil justice reform through legislative,
political, judicial, and educational activities at the national,
state, and local levels.

The U.S. Chamber of Commerce -- http://www.uschamber.com-- is the
world's largest business federation representing the interests of
more than 3 million businesses of all sizes, sectors, and regions,
as well as state and local chambers and industry associations.


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re Gary Houston Shuler
   Bankr. N.D. Fla. Case No. 16-50018
      Chapter 11 Petition filed January 22, 2016

In re Bath Crest of Florida LLC
   Bankr. S.D. Fla. Case No. 16-10977
      Chapter 11 Petition filed January 22, 2016
         See http://bankrupt.com/misc/flsb16-10977.pdf
         represented by: Robert J Edwards, Esq.
                         BEHAR, GUTT & GLAZER, P.A.
                         E-mail: redwards@bgglaw.com

In re Life Christian Academy LLC
   Bankr. N.D. Ga. Case No. 16-51212
      Chapter 11 Petition filed January 22, 2016
         Filed Pro Se

In re Ramon Antonia Cala
   Bankr. D. Md. Case No. 16-10737
      Chapter 11 Petition filed January 22, 2016

In re John Charles Giacometto
   Bankr. D. Mont. Case No. 16-60032
      Chapter 11 Petition filed January 22, 2016

In re Hilda Moffett
   Bankr. E.D.N.Y. Case No. 16-40271
      Chapter 11 Petition filed January 22, 2016

In re Double D & M Enterprises, Inc.
   Bankr. N.D.N.Y. Case No. 16-10076
      Chapter 11 Petition filed January 22, 2016
         See http://bankrupt.com/misc/nynb16-10076.pdf
         represented by: Michael J. Toomey, Esq.
                         THE TOOMEY LAW FIRM, PLLC
                         E-mail: michaeljtoomeyesq@nycap.rr.com

In re NYC East Management Corp.
   Bankr. S.D.N.Y. Case No. 16-10159
      Chapter 11 Petition filed January 22, 2016
         See http://bankrupt.com/misc/nysb16-10159.pdf
         represented by: Gabriel Del Virginia, Esq.
                         LAW OFFICES OF GABRIEL DEL VIRGINIA
                         E-mail: gabriel.delvirginia@verizon.net

In re Caribbean Creamery Inc.
   Bankr. D.P.R. Case No. 16-00367
      Chapter 11 Petition filed January 22, 2016
         See http://bankrupt.com/misc/prb16-00367.pdf
         represented by: Jose M Prieto Carballo, Esq.
                         JPC Law Office
                         E-mail: jmprietolaw@gmail.com

In re Arr Medical Group, PSC
   Bankr. D.P.R. Case No. 16-00400
      Chapter 11 Petition filed January 22, 2016
         See http://bankrupt.com/misc/prb16-00400.pdf
         represented by: Mary Ann Gandia Fabian, Esq.
                         GANDIA-FABIAN LAW OFFICE
                         E-mail: gandialaw@gmail.com

In re Ariel Rosado Rosa
   Bankr. D.P.R. Case No. 16-00402
      Chapter 11 Petition filed January 22, 2016

In re Israel Herrera and Elba S. Ruano
   Bankr. D.R.I. Case No. 16-10121
      Chapter 11 Petition filed January 22, 2016

In re Howard Douglas Woodford
   Bankr. N.D. Ala. Case No. 16-80199
      Chapter 11 Petition filed January 25, 2016

In re Lexmar, Ltd.
   Bankr. C.D. Cal. Case No. 16-10127
      Chapter 11 Petition filed January 25, 2016
         See http://bankrupt.com/misc/cacb16-10127.pdf
         represented by: Linda S Blonsley, Esq.
                         BLONSLEY LAW
                         E-mail: blonsleylawecf@gmail.com

In re Teodoro Abaya Unarce and Aida M Unarce
   Bankr. N.D. Cal. Case No. 16-50198
      Chapter 11 Petition filed January 25, 2016
         represented by: Charles B. Greene, Esq.
                         LAW OFFICES OF CHARLES B. GREENE
                         E-mail: cbgattyecf@aol.com

In re Bowhunt America, LLC
   Bankr. D. Colo. Case No. 16-10549
      Chapter 11 Petition filed January 25, 2016
         See http://bankrupt.com/misc/cob16-10549.pdf
         represented by: Steven T. Mulligan, Esq.
                         JACKSON KELLY PLLC
                         E-mail: smulligan@jacksonkelly.com

In re Gopal Realty, LLC
   Bankr. D. Conn. Case No. 16-30102
      Chapter 11 Petition filed January 25, 2016
         See http://bankrupt.com/misc/ctb16-30102.pdf
         represented by: Peter L. Ressler, Esq.
                         GROOB RESSLER & MULQUEEN
                         E-mail: ressmul@yahoo.com

In re Dean Alexander Holmes and Carolyn Jean Holmes
   Bankr. D. Idaho Case No. 16-40048
      Chapter 11 Petition filed January 25, 2016

In re Binita & Sapna Corp.
   Bankr. N.D. Ill. Case No. 16-02143
      Chapter 11 Petition filed January 25, 2016
         See http://bankrupt.com/misc/ilnb16-02143.pdf
         represented by: Timothy C. Culbertson, Esq.
                         LAW OFFICES OF TIMOTHY C. CULBERTSON
                         E-mail: tcculb@yahoo.com

In re 1511 North Ave. Corp.
   Bankr. N.D. Ill. Case No. 16-02146
      Chapter 11 Petition filed January 25, 2016
         See http://bankrupt.com/misc/ilnb16-02146.pdf
          represented by: Timothy C. Culbertson, Esq.
                         LAW OFFICES OF TIMOTHY C. CULBERTSON
                         E-mail: tcculb@yahoo.com

In re Creative Vistas, Inc.
   Bankr. N.D. Ill. Case No. 16-02184
      Chapter 11 Petition filed January 25, 2016
         See http://bankrupt.com/misc/ilnb16-02184.pdf
         represented by: David P Lloyd, Esq.
                         DAVID P. LLOYD, LTD.
                         E-mail: courtdocs@davidlloydlaw.com

In re William Howard Ernst
   Bankr. W.D. La. Case No. 16-20053
      Chapter 11 Petition filed January 25, 2016

In re Toporek Family LP
   Bankr. E.D.N.Y. Case No. 16-70282
      Chapter 11 Petition filed January 25, 2016
         Filed Pro SE

In re Edgemere Inc
   Bankr. E.D.N.Y. Case No. 16-70285
      Chapter 11 Petition filed January 25, 2016
         Filed Pro Se

In re Mott Ave Real Estate Holdings Ltd.
   Bankr. E.D.N.Y. Case No. 16-70294
      Chapter 11 Petition filed January 25, 2016
         Filed Pro Se

In re Roslyn Sefardic Center Corp.
   Bankr. E.D.N.Y. Case No. 16-70299
      Chapter 11 Petition filed January 25, 2016
         See http://bankrupt.com/misc/nyeb16-70299.pdf
         represented by: Arnold Mitchell Greene, Esq.
                         ROBINSON BROG LEINWAND GREENE ET AL
                         E-mail: amg@robinsonbrog.com

In re Cellular Gallery Tech Center Corp.
   Bankr. D.P.R. Case No. 16-00467
      Chapter 11 Petition filed January 25, 2016
         See http://bankrupt.com/misc/prb16-00467.pdf
         represented by: Hector Eduardo Pedrosa-Luna, Esq.
                    THE LAW OFFICES OF HECTOR EDUARDO PEDROSA LUNA
                         E-mail: hectorpedrosa@gmail.com

In re Ruthanne Lynn Drew
   Bankr. M.D. Tenn. Case No. 16-00436
      Chapter 11 Petition filed January 25, 2016

In re Peter Dat Kham Ha
   Bankr. N.D. Cal. Case No. 16-30078
      Chapter 11 Petition filed January 26, 2016
         represented by: Nancy Weng, Esq.
                         TRINH LAW
                         E-mail: nweng@trinhlawfirm.com

In re Yvonne Blanche Enea
   Bankr. N.D. Cal. Case No. 16-40196
      Chapter 11 Petition filed January 26, 2016
         represented by: Ruth Elin Auerbach, Esq.
                         LAW OFFICES OF RUTH ELIN AUERBACH
                         E-mail: attorneyruth@sbcglobal.net

In re Northwest Bars Inc.
   Bankr. D. Colo. Case No. 16-10633
      Chapter 11 Petition filed January 26, 2016
         See http://bankrupt.com/misc/cob16-10633.pdf
         represented by: David M. Serafin, Esq.
                         LAW OFFICE OF DAVID SERAFIN
                         E-mail: david@davidserafinlaw.com

In re Kuzina Hospitality, Inc
   Bankr. D.N.J. Case No. 16-11307
      Chapter 11 Petition filed January 26, 2016
         See http://bankrupt.com/misc/njb16-11307.pdf
         represented by: Dino S. Mantzas, Esq.
                         LAW OFFICE OF DINO S. MANTZAS
                         E-mail: dmantzas@aol.com

In re Donald T Voss
   Bankr. S.D. Ohio Case No. 16-50424
      Chapter 11 Petition filed January 26, 2016

In re McDain Golf Center of Monroeville, LP
   Bankr. W.D. Penn. Case No. 16-20229
      Chapter 11 Petition filed January 26, 2016
         See http://bankrupt.com/misc/pawb16-20229.pdf
         represented by: Donald R. Calaiaro, Esq.
                         CALAIARO VALENCIK
                         E-mail: dcalaiaro@c-vlaw.com

In re UTSA Apartments 1, LLC
   Bankr. W.D. Tex. Case No. 16-50186
      Chapter 11 Petition filed January 26, 2016
         See http://bankrupt.com/misc/txwb16-50186.pdf
         represented by: Allen M. DeBard, Esq.
                         LANGLEY & BANACK, INC
                         E-mail: adebard@langleybanack.com

In re Sylvia Butler
   Bankr. C.D. Cal. Case No. 16-10149
      Chapter 11 Petition filed January 27, 2016
         represented by: Eric Bensamochan, Esq.
                         E-mail: eric@eblawfirm.us

In re Irina Zagorskaya
   Bankr. M.D. Fla. Case No. 16-00272
      Chapter 11 Petition filed January 27, 2016

In re Casanova D Lamon
   Bankr. N.D. Ill. Case No. 16-02421
      Chapter 11 Petition filed January 27, 2016

In re Albany LLC
   Bankr. N.D. Ill. Case No. 16-02426
      Chapter 11 Petition filed January 27, 2016
         See http://bankrupt.com/misc/ilnb16-02426.pdf
         represented by: O Allan Fridman, Esq.
                         LAW OFFICE OF O. ALLAN FRIDMAN
                         E-mail: allanfridman@gmail.com

In re Phoenix Growth Fund, LLC
   Bankr. N.D. Ind. Case No. 16-30102
      Chapter 11 Petition filed January 27, 2016
         See http://bankrupt.com/misc/innb16-30102.pdf
         represented by: Donald E. Wertheimer, Esq.
                         E-mail: dwertheimer@sbcglobal.net

In re Praveen K Andapally
   Bankr. D.N.J. Case No. 16-11369
      Chapter 11 Petition filed January 27, 2016

In re Lott 204 Corp
   Bankr. E.D.N.Y. Case No. 16-40320
      Chapter 11 Petition filed January 27, 2016
         Filed Pro Se

In re Pierre Lionel Lespinasse
   Bankr. S.D.N.Y. Case No. 16-10180
      Chapter 11 Petition filed January 27, 2016

In re Stanley Joseph Caterbone
   Bankr. E.D. Penn. Case No. 16-10517
      Chapter 11 Petition filed January 27, 2016

In re Glenns, Inc.
   Bankr. M.D. Penn. Case No. 16-00302
      Chapter 11 Petition filed January 27, 2016
         See http://bankrupt.com/misc/pamb16-00302.pdf
         represented by: Henry W Van Eck, Esq.
                         METTE, EVANS, & WOODSIDE
                         E-mail: hwvaneck@mette.com

In re Wayside Productions Inc.
   Bankr. W.D. Tex. Case No. 16-50198
      Chapter 11 Petition filed January 27, 2016
         See http://bankrupt.com/misc/txwb16-50198.pdf
         represented by: Morris E. "Trey" White III, Esq.
                         VILLA & WHITE LLP
                         E-mail: treywhite@villawhite.com


                            *********

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 ***