TCR_Public/160301.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, March 1, 2016, Vol. 20, No. 61

                            Headlines

AKORN INC: S&P Retains 'B' CCR on CreditWatch Developing
ALEXZA PHARMACEUTICALS: Grupo Ferrer Reports 12.1% Stake
AMERICAN NATIONAL: Case Summary & 20 Largest Unsecured Creditors
ARGENT ENERGY: Court Approves Joint Administration of Cases
AXION INT'L: Committee Can Hire EisnerAmper as Financial Advisors

AXION INT'L: Hires Greenberg Traurig as Special Counsel
BHCO LLC: Court Affirms Order Lifting Stay for Williams
BIOLIFE SOLUTIONS: Chief Financial Officer Resigns
BRAFFITS CREEK: Plan Proponent Wants Chapter 11 Case Closed
BROOKLYN NAVY: Moody's Affirms 'Caa1' Sr. Secured Debt Rating

BURCON NUTRASCIENCE: Confirms No Material Undisclosed Information
CAESARS ENTERTAINMENT: Has Until July 15 to File a Plan
CAESARS ENTERTAINMENT: Windy City Case May Blow $7B NY Trial
CAPITOL LAKES: Hiring Sweet DeMarb as Local Counsel
CAPITOL LAKES: Schedules $55.5M in Assets and $96.9M in Debt

COLLAVINO CONSTRUCTION: Can File Bankruptcy Plan Thru Feb. 29
COLLAVINO CONSTRUCTION: Stipulated for Mediation Thru Feb. 29
CONSTELLATION ENTERPRISES: Moody's Changes PDR to Caa3
DIVERSE ENERGY: Sells Assets to Cimarron Acquisition
DOLPHIN DIGITAL: Hikes Authorized Common Stock to 400 Million

DOLPHIN DIGITAL: Shareholders OK Six Proposals at Annual Meeting
DVORKIN HOLDINGS: Estate Assets Vested in Reorganized Debtor
ECO BUILDING: Incurs $10.7 Million Net Loss in Second Quarter
ELBIT IMAGING: Buys Back NIS62.1 Million Series H Notes
EMERALD EXPOSITIONS: Moody's Raises CFR to B2, Outlook Stable

EMMAUS LIFE: Sends Letter to FDA Assessing L-glutamine Benefits
EZ MAILING SERVICE: Ask for Okay to Pay Critical Vendors
FEDERAL RESOURCES: Ch. 11 Trustee Wants Case Converted to Ch. 7
FELD LIMITED: Meeting of Creditors Scheduled for March 8
FERGUSON CITY: Moody's Puts Ba2 Rating on 2011 Bonds on Review

FIRST QUANTUM: S&P Lowers CCR to 'B-', Outlook Negative
FUTUREWORLD CORP: Union Capital Reports 9.98% Equity Stake
GENESYS RESEARCH: Gets Court Approval to Hire IP Counsel
GENIUS BRANDS: Conference Call Held to Discuss Sony Agreement
GLOBALSTAR INC: Posts $72.3 Million Net Income for 2015

HALCON RESOURCES: Announces Q4 and Full Year 2015 Results
HALCON RESOURCES: Swings to $2 Billion Net Loss in 2015
HANCOCK FABRICS: Resolves Objections to DIP Financing, Sale Motion
HEALTHWAREHOUSE.COM INC: Douglas Reports 11.9% Stake at Dec. 31
HEBREW HOSPITAL: Trustee, Committee Object to Lapis DIP Facility

HILTON WORLDWIDE: Moody's Puts Ba3 CFR on Review for Upgrade
HORSEHEAD HOLDING: Powers, FS Sperry Oppose $90-Mil. DIP Loan Bid
ICAGEN INC: Appoints Douglas Krafte Chief Scientific Officer
INTELLIPHARMACEUTICS INT'L: FDA OKs 500mg & 750mg Generic Keppra
ISTAR INC: Incurs $52.7 Million Net Loss in 2015

J.C. PENNEY: Moody's Raises CFR to B3, Outlook Remains Positive
J.C. PENNEY: S&P Puts 'CCC+' CCR on CreditWatch Positive
KENNETH LEONARD DYMMEL: Bank of America's $8K Claim Disallowed
LA CASA DE LAS PUERTAS: Case Summary & 5 Unsecured Creditors
LENNAR CORP: Moody's Assigns Ba2 Rating on New $300MM Notes

LENNAR CORP: S&P Assigns 'BB' Rating on New Sr. Unsecured Notes
LEVEL 3: Posts $3.43 Billion Net Income for 2015
MADISON HOTEL: Case Summary & 18 Largest Unsecured Creditors
MALIBU LIGHTING: Amends List of 20 Largest Unsecured Creditors
MALIBU LIGHTING: Blank Rome Okayed as Committee's Delaware Counsel

MALIBU LIGHTING: Great American Okayed as Auctioneers
MAUDORE MINERALS: Quebec Superior Court Extends CCAA Proceedings
MAUI LAND: Posts $6.81 Million Net Income for 2015
MEDIASHIFT INC: Needs Until May 27 to File Plan
MERRIMACK PHARMACEUTICALS: May Issue 4.06M Shares Under 2011 Plan

MERRIMACK PHARMACEUTICALS: Reports $148-Mil. Net Loss for 2015
MIDWAY GOLD: Extends Sale Milestones by Two Weeks
MISSION NEW ENERGY: 15 Million Shares Released From Escrow
MISSION NEW ENERGY: Incurs $1.38 Million Net Loss in H2 2015
MOLYCORP GLOBAL: Executes Global Settlement with Creditors

NATIONAL CINEMEDIA: OKs Payment of $2.2 Million Cash Bonuses
NATIONAL CINEMEDIA: Posts $15.4 Million Net Income in Fiscal 2015
NATIONAL CINEMEDIA: Reports Results for Q4 & Full Year 2015
NEWASURION CORP: S&P Assigns 'B' CCR, Outlook Positive
NORANDA ALUMINUM: Has Until March 28 to File Schedules

NORANDA ALUMINUM: Hiring Paul, Weiss as Lead Bankruptcy Counsel
NORANDA ALUMINUM: March 8 Hearing on Bid to Hire CRO
NORANDA ALUMINUM: PJT Partners to Serve as Investment Bankers
NORANDA ALUMINUM: To Hire Carmody MacDonald as Local Counsel
NORANDA ALUMINUM: Wants to Hire Ernst & Young as Auditors

PARAGON OFFSHORE: Gets Order to Enforce Sec. 362 Protection
PARALLEL ENERGY: March 10 Hearing on Structured Dismissal
PETRON ENERGY: PE Asset #1 Reports 9.99% Equity Stake
PETTERS COMPANY: Trustee Settles With West LB for $15MM
POSITIVEID CORP: Authorized Capital Stock Hiked to 3.9B Shares

POSTROCK ENERGY: In Default of Amended Credit Agreement
PRIMORSK INT'L: Granted Protections of Bankruptcy Code
PT HOLDCO: Court Grants Petition for Recognition of Canadian Cases
QUIRKY INC: Governmental Bar Date Set for March 21
REALOGY HOLDINGS: Announces Pricing of Add'l Senior Notes Offering

REPUBLIC AIRWAYS: Plans to Implement Procedures to Protect NOLs
REPUBLIC AIRWAYS: Requests 30-Day Extension to File Schedules
REPUBLIC AIRWAYS: Taps Prime Clerk as Administrative Advisor
RETROPHIN INC: Approves $944,000 Cash Bonuses for Executives
RETROPHIN INC: Posts $117 Million Net Income for 2015

RETROPHIN INC: Reports Q4 and Full Year 2015 Financial Results
ROSETTA GENOMICS: Gets OK for Thyroid Cancer Diagnostic Assay
ROSETTA GENOMICS: Launches Three New Product Offerings
SATURN CORPORATION: Case Summary & 20 Largest Unsecured Creditors
SEMLER SCIENTIFIC: Incurs $8.50 Million Net Loss in 2015

SHERWIN ALUMINA: Creditors Have Until March 11 to File Claims
SIGA TECHNOLOGIES: Has Until April 16 to Solicit Plan Votes
SKYSTAR BIO-PHARMA: Nasdaq to Complete Delisting, Filings Delayed
ST MICHAEL'S MEDICAL: Needs Until June 5 to Decide on Leases
STAR COMPUTER: Committee Can Retain Stearns Weaver as Counsel

STAR COMPUTER: Gets Final OK to Hire Kozyak Tropin as Gen. Counsel
STAR COMPUTER: Has Final OK for Glassratner as Financial Advisors
STAR COMPUTER: Panel Taps Genovese Joblove as Litigation Counsel
STARSHINE ACADEMY: Voluntary Chapter 11 Case Summary
SWIFT ENERGY: Kirkland, Klehr Harrison Represent Noteholders

SWIFT ENERGY: Louisiana Assets Sold to Texegy for $48.75-Mil.
SWIFT ENERGY: Names Deal E. Swick as CRO
SWIFT ENERGY: Richards Layton Approved as Bankruptcy Co-Counsel
TANK HOLDING: Moody's Lowers CFR to B3, Outlook Stable
TAYLOR-WHARTON: Lowenstein Sandler Approved as Committee Counsel

THERAPEUTICSMD INC: Incurs $85.1 Million Net Loss in 2015
THERAPEUTICSMD INC: Reports Q4 and Full Year 2015 Results
TRANSGENOMIC INC: Gets Noncompliance Notice From Nasdaq
VIRTUAL PIGGY: Extends Maturity of $475,300 Promissory Note
VIRTUAL PIGGY: Issues $26,000 Promissory Note

WILLIAMSON & WILLIAMSON: Case Summary & 5 Unsecured Creditors
[^] Large Companies with Insolvent Balance Sheet

                            *********

AKORN INC: S&P Retains 'B' CCR on CreditWatch Developing
--------------------------------------------------------
Standard & Poor's Ratings Services said that its ratings on Lake
Forest, Ill.-based Akorn Inc., including the 'B' corporate credit
rating, remain on CreditWatch with developing implications, where
they were placed on Nov. 9, 2015.

The ratings on Akorn Inc. remain on CreditWatch, despite the
company's announcement that its financial statement filings will be
further delayed and that it has changed its auditors.  The company
now expects to become current with its financial statements by May
9, 2016, including restating its 2014 financials by that date,
whereas before, it stated it would restate its 2014 financial
statements by the first quarter of 2016.  The ratings remain
unchanged because, despite the delays, the company continues to
provide information to the market, including information about the
company's debt and cash balance.  Management has also provided
guidance for 2015 and plans to update the market on its guidance
for 2016 in March.

S&P's view of Akorn's business risk profile as weak largely
reflects its minimal scale and scope in the highly competitive
generic pharmaceutical market.  Akorn competes against much larger
participants in the industry that have significantly greater
financial capacity, and also with other smaller generic companies
that have growing pipelines of abbreviated new drug applications
(ANDAs) and proven track records of successfully integrating
acquisitions.  While these larger competitors have kept their
distance from many of the niche generic formulations Akorn
manufactures, S&P believes the comparatively higher margins of
these products could spur greater competition over time.

S&P believes Akorn is well positioned to capitalize on the growth
trends in generic pharmaceuticals.  It continues to launch new
products and the company is increasingly investing in research and
development; it had 78 ANDA filings under review at the FDA as of
Oct. 31, 2015.

S&P will continue to monitor the lenders' response to the company's
inability to produce audited financials.  In the event that filings
are further delayed and S&P believes that waivers will not be
forthcoming to provide Akorn with sufficient time to address the
deficiency, S&P could consider revising its assessment of liquidity
to weak from adequate.

S&P will continue to monitor developments as the company works
through its re-audit process.  S&P expects to reassess the
CreditWatch by May 2016.  S&P could also take action if it believes
that governance deficiencies are more severe than S&P thought, and
warrant additional downgrades.  Disclosures of additional
weaknesses in internal controls, additional investigations from
regulatory or other government institutions, or additional
management departures could prompt such an action. The CreditWatch
developing reflects prospects for restoration of the credit rating
to 'B+' if the company files its delinquent financials by May 9,
2016.  However, if the re-audit is delayed beyond that, S&P could
lower the rating, possibly by multiple notches, suspend the rating,
or withdraw the rating.


ALEXZA PHARMACEUTICALS: Grupo Ferrer Reports 12.1% Stake
--------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Grupo Ferrer Internacional, S.A. and Sergio
Ferrer-Salat disclosed that as of Feb. 15, 2016, they beneficially
own
2,366,935 shares of common stock Alexza Pharmaceuticals, Inc.
representing 12.1 percent of the shares outstanding.  A copy of the
regulatory filing is available for free at:

                        http://is.gd/OAHbDe

                 About Alexza Pharmaceuticals, Inc.

Alexza Pharmaceuticals is focused on the research, development, and
commercialization of novel, proprietary products for the acute
treatment of central nervous system conditions.  Alexza's products
and development pipeline are based on the Staccato(R) system, a
hand-held inhaler designed to deliver a pure drug aerosol to the
deep lung, providing rapid systemic delivery and therapeutic onset,
in a simple, non-invasive manner.  Active pipeline product
candidates include AZ-002 (Staccato alprazolam) for the management
of epilepsy in patients with acute repetitive seizures and AZ-007
(Staccato zaleplon) for the treatment of patients with middle of
the night insomnia.

Alexza Pharmaceuticals reported a net loss of $36.7 million in 2014
compared to a net loss of $39.6 million in 2013.

As of Sept. 30, 2015, the Company had $26.2 million in total
assets, $95.1 million in total liabilities and a $68.8 million
total stockholders' deficit.

Ernst & Young LLP, in Redwood City, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


AMERICAN NATIONAL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: American National Carbide Co.
        915 South Cherry Street
        Tomball, TX 77375

Case No.: 16-30992

Chapter 11 Petition Date: February 26, 2016

Court: United States Bankruptcy Court
       Southern District of Texas (Houston)

Judge: Hon. David R Jones

Debtor's Counsel: Donald L Wyatt, Esq.
                  LAW OFFICES OF DONALD L WYATT JR PC
                  26418 Oak Ridge Rd
                  The Woodlands, TX 77380
                  Tel: 281-419-8733
                  Fax: 281-419-8703
                  Email: don.wyatt@wyattpc.com

Total Assets: $8.83 million

Total Liabilities: $7.22 million

The petition was signed by Greg Stroud, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txsb16-30992.pdf


ARGENT ENERGY: Court Approves Joint Administration of Cases
-----------------------------------------------------------
The Hon. David R. Jones of the U.S. Bankruptcy Court for the
Southern District of Texas authorized the joint administration of
the Chapter 15 cases of Argent Energy (Canada) Holdings, Inc., and
Argent Energy (US) Holdings, Inc.

Judge Jones said that the cases are consolidated for procedural
purposes only and will be jointly administered under the case
number assigned to Argent Energy (Canada) Holdings, Inc., Case No.
16-20060.

FTI Consulting Canada Inc., filed for Chapter 15 petition for
Argent Energy (Canada) Holdings, Inc., and  Argent Energy (US)
Holdings, Inc. (Bankr. S.D. Tex. Case Nos. 16-20060 and 16-20061)
on Feb. 17, 2016.
    
The Debtors are owner of interests in oil and gas assets in three
states: Texas, Wyoming, and Colorado.

William R. Greendyke, Esq., Jason L. Boland, Esq., Andrew R. Black,
Esq., and Bob B. Bruner, Esq., at Norton Rose Fulbright US LLP, and
Louis R. Strubeck, Esq., represent the Chapter 15 petitioner.


AXION INT'L: Committee Can Hire EisnerAmper as Financial Advisors
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors in the cases of Axion
Internatonal, Inc., et al., sought and obtained authority from the
Bankruptcy Court to retain EisnerAmper LLP as its financial
advisor, nunc pro tunc to December 16, 2015.

The Firm will perform these services for the Creditors Committee:

  1. Analyze the financial operations of the Debtors pre- and
     post- petition as necessary;

  2. Perform forensic investigating services as requested by the
     Committee and counsel regarding pre-petition activities of
     the Debtors in order to identify potential causes of action
     as necessary;

  3. Perrform claims analysis for the Committee, as necessary;

  4. Verify the physical inventory of supplies, equipment and
     other material assets and liabilities, as necessary;

  5. Assist the Committee in its analysis and review of monthly
     statements of operations to be submitted by the Debtors;

  6. Analyze the Debtors' budgets, cash flow projections, cash
     disbursements, restructuring programs, selling and general
     administrative expense structure and other reports or
     analyses prepared by the Debtors or its professionals in
     order to advise the Committee on the status of the Debtors'
     operations;

  7. Analyze transactions with insiders, related and/or affiliated

     companies;

  8. Prepare and submit reports to the Committee as necessary;

  9. Assist the Committee in its review of the financial aspects
     of a plan of reorganization or liquidation, if any, to be
     submitted by the Debtors;

10. Attend meetings of Creditors and conferences with
     representatives of the creditor groups and their counsel;

11. Prepare hypothetical orderly liquidation analyses, as
     necessary;

12. Monitor, participate in and consult with the Committee in
     regard to the marketing, and sale of any of the Debtors'
     assets as necessary;

13. Analyze the financial ramifications of any proposed
     transactions for which the Debtors seeks Bankruptcy Court
     approval including, but not limited to, post-petition
     financing, sale of all or a portion of the Debtors'
     assets, management compensation and/or retention and
     severance plans; and

14. Provide assistance, including expert testimony, and analysis
     in support of potential litigation (including avoidance
     actions) that may be investigated and/or prosecuted by the
     Committee as necessary.

The Firm's normal hourly rates are:

          Directors/Partners                   $425-$625
          Managers/Senior Managers             $280-$420
          Associates/Seniors                   $160-$390
          Paraprofessionals                    $130-$175

The principal professionals at EisnerAmper designated to represent
the Committee and their current hourly rates are:

          Wayne P. Weitz (Managing Director)     $600
          Geoffrey DuFrayne (Manager)            $360
          Various Associates as needed           $160-$390
          Stephanie Prinston (Paraprofessional)  $175

EisnerAmper has agreed to provide a 10% reduction to its current
hourly rates in the Debtors' cases.

The Firm will also seek reimbursement of necessary out-of-pocket
expenses incurred.

In addition to the hourly fees, EisnerAmper will receive a
success fee equal to 1.5% of the amount by which the aggregate
purchase price for the Debtors' assets, whether paid in cash or via
credit bid, exceeds the purchase price of a stalking horse bid as
designated by an order of the Court. If a stalking horse bid is not
approved by an order of the Court, then the Success Fee shall be
calculated as 1.5% of the total aggregate purchase price.

Wayne P. Weitz, managing director at EisnerAmper LLP, assured the
Court that his Firm is a "disinterested person" as that term is
defined in Section 101(14) of the Bankruptcy Code.

The Firm can be reached at:

           EISNERAMPER LLP
           Wayne P. Weitz
           Managing Director
           750 Third Avenue
           New York NY 10017
           Tel No: 212-891-6057
           E-mail: wayne.weitz@eisneramper.com

                         About Axion

Axion International, Inc., et al., manufacture, market and sell
structural products and building materials, with an emphasis on
railroad ties and construction mats. As of Dec. 2, 2015, Axion had
70 employees.

Axion International Holdings, Inc., is a publicly-traded company
(AXIH), organized under Colorado law, with executive offices
located in Zanesville, Ohio.  As of the Petition Date, Holdings had
54,121,611 shares of common stock, par value $0.016 per share,
traded on the OTCC Bulletin Board.

Axion International, Inc., Axion International Holdings, Inc. and
Axion Recycled Plastics Incorporated filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 15-12415) on Dec. 2, 2015.

The petitions were signed by Donald W. Fallon, the CFO and
treasurer.  Judge Christopher S. Sontchi has been assigned to the
cases.

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

The Debtors tapped Bayard, P.A., as counsel.  Greenberg Traurig LLP
serves as special counsel.  Epiq Bankruptcy Solutions, LLC serves
as the Debtors' claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
Eric J. Monzo, Esq., at Morris James LLP and Sandra E. Mayerson,
Esquire., at the Law Offices of Sandra Mayerson.


AXION INT'L: Hires Greenberg Traurig as Special Counsel
-------------------------------------------------------
Axion International, Inc., et al., sought and obtained permission
from the Bankruptcy Court to hire Greenberg Traurig, LLP, as their
special counsel nunc pro tunc to the Petition Date.

As special counsel to the Debtors, Greenberg will be:

  a. providing legal advice regarding general corporate matters,
     intellectual property matters, employment matters, real
     estate matters, and securities reporting and compliance to
     the Debtors in connection with the Debtors' ongoing business
     and bankruptcy cases, in coordination with Bayard; and

  b. negotiating, drafting, and pursuing all litigation and
     documentation necessary in conjunction with matters assigned
     to Greenberg.

Greenberg professionals have these hourly rates:

            Mark J. Wishner       $755
            Paul McQuade          $725
            Dennis A. Meloro      $795
            Ryan Kelley           $300
            Sandra Narbesky       $230

Other Greenberg attorneys and paralegals will render services to
the Debtors as needed.  Greenberg's hourly rates for this matter
range from $230 to $795 per hour.

Greenberg's fees for the duration of the Chapter 11 cases are
capped at $75,000 and the hourly rates are capped at $595 per
hour.

During the 90-day period prior to the Petition Date, Greenberg
received from the Debtors an aggregate of $150,000 for professional
services performed and expenses incurred.  In the one year prior to
the Petition Date, Greenberg received a total of $243,849 in
reimbursement for legal services and expenses from the Debtors.

Mark J. Wishner, a shareholder of Greenberg Traurig, assured the
Court that to the best of his knowledge, his Firm does not
represent or hold any interest to the Debtors or their estates with
respect to the matters it is to be retained.

The Firm can be reached at:

          GREENBERG TRAURIG LLP
          Mark J. Wishner
          Shareholder
          1750 Tysons Boulevard
          Suite 1000
          McLean, VA 22102
          E-mail: wishnerm@gtlaw.com
          Tel No: +1 703-749-1300

                         About Axion

Axion International, Inc., et al., manufacture, market and sell
structural products and building materials, with an emphasis on
railroad ties and construction mats. As of Dec. 2, 2015, Axion had
70 employees.

Axion International Holdings, Inc., is a publicly-traded company
(AXIH), organized under Colorado law, with executive offices
located in Zanesville, Ohio.  As of the Petition Date, Holdings had
54,121,611 shares of common stock, par value $0.016 per share,
traded on the OTCC Bulletin Board.

Axion International, Inc., Axion International Holdings, Inc. and
Axion Recycled Plastics Incorporated filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 15-12415) on Dec. 2, 2015.

The petitions were signed by Donald W. Fallon, the CFO and
treasurer.  Judge Christopher S. Sontchi has been assigned to the
cases.

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

The Debtors tapped Bayard, P.A., as counsel.  Epiq Bankruptcy
Solutions, LLC serves as the Debtors' claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
Eric J. Monzo, Esq., at Morris James LLP and Sandra E. Mayerson,
Esquire., at the Law Offices of Sandra Mayerson.


BHCO LLC: Court Affirms Order Lifting Stay for Williams
-------------------------------------------------------
Walter L. Williams filed a Motion for Relief From Automatic Stay
imposed in the Chapter 11 case of BHCO, LLC, in order to proceed
with the foreclosures.

The Debtor objected to the motion asserting that although Debtor
Brenda Harris was not the owner of the real properties being
foreclosed, BHCO had been administratively dissolved, and the
Debtor believed ownership of the real property would or could
somehow be conveyed to her, thus making the foreclosures against
BHCO improper.

At the bankruptcy hearing on Creditor's motion, the Debtor advised
the court BHCO had recently been reinstated and she did not have an
ownership interest in the real property that was the subject of
Creditor's motion.  The Debtor also advised the court she did not
want Creditor to pursue her personally for any deficiency after the
foreclosure sales of the real property. The Bankruptcy Court
granted Creditor's motion and issued the Order Allowing Relief from
Automatic Stay and Co-Debtor Stay on April 28, 2015.

In an Order dated February 10, 2016, which is available at
http://is.gd/4qDZh7from Leagle.com, Judge Malcolm J. Howard of the
United States District Court for the Eastern District of North
Carolina, Eastern Division, affirmed the Order of the Bankruptcy
Court granting Creditor relief from automatic stay and co-debtor
stay, and the appeal is dismissed.

The case is BRENDA HARRIS, Debtor-Appellant, v. WALTER L. WILLIAMS,
Creditor-Appellee, File No. 4:15-CV-77-H (D.N.C.).

Brenda Faye Harris, Appellant, Pro Se.

Walter L. Williams, Appellee, is represented by William F. Hill,
Esq. --  William F. Hill, Attorney at Law.


BIOLIFE SOLUTIONS: Chief Financial Officer Resigns
--------------------------------------------------
Daphne Taylor, BioLife Solutions, Inc., chief financial officer,
resigned from all positions with the Company and its subsidiary
effectively Feb. 25, 2016, according to a Form 8-K report filed
with the Securities and Exchange Commission.  Michael Rice, the
Company's president and chief executive officer, was appointed as
the Company's principal financial and accounting officer.

Prior to the resignation, the Company and Ms. Taylor entered into
an amendment to Ms. Taylor's employment agreement dated Feb. 19,
2015.  The Amendment provides that upon Ms. Taylor's voluntary
resignation she is entitled to receive severance pay of six months'
salary, plus any accrued and unpaid salary, unused vacation time
and reimbursable business expenses, subject to appropriate
deductions and withholdings.  Those severance payments are subject
to the Company and Ms. Taylor signing, within 30 days following Ms.
Taylor's resignation, and Ms. Taylor not rescinding, as may be
permitted by law, a general release of claims in a form acceptable
to the Company.

                       About BioLife Solutions

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

BioLife reported a net loss of $4.99 million on $6.44 million of
product sales for the year ended Dec. 31, 2015, compared to a net
loss of $3.30 million on $6.19 million of product sales for the
year ended Dec. 31, 2014.

As of Dec. 31, 2015, Biolife had $12.36 million in total assets,
$2.51 million in total liabilities and $9.85 million in total
shareholders' equity.


BRAFFITS CREEK: Plan Proponent Wants Chapter 11 Case Closed
-----------------------------------------------------------
Secured creditor and plan proponent Cohen Braffits Estates
Development, LLC, asks the Hon. Laurel E. Davis of the U.S.
Bankruptcy Court for the District of Nevada to close Braffits Creek
Estates, LLC's Chapter 11 case before plan payments have been
completed and to enter a final decree.

A hearing on the motion is set for March 15, 2016, at 9:30 a.m.

Pursuant to the court-approved Cohen Braffits Plan of
Reorganization, the Plan Proponent became the owner of the Debtor's
subdivision project in Iron County, Utah.  No adversary proceedings
have been filed against the Debtor.  All deposits required under
the Plan to be distributed by the plan administrator have been
made.  The Reorganized Debtor/Plan Proponent continues to manage
the Property, and, although not completed, payments contemplated
under the Plan have commenced.  All other motions, contested
matters, and adversary proceedings have been resolved.

On Jan. 17, 2013, the Debtor sought to dismiss its Chapter 11 case,
stating that "there are no funds available to facilitate the
reorganization of the Debtor" and that "[i]f the Debtor were to
continue, it would cause continued diminution of the estate."

The U.S. Trustee filed on Feb. 19, 2014, a motion to dismiss the
Chapter 11 case, due to the Debtor's failure to (i) file an
operating report to account for any month since August 2013; (ii)
pay past due U.S. Trustee fees; and (iii) file a disclosure
statement or plan in the case, which had been pending before the
Court for approximately one and a half years, and noted further
that the Debtor had not taken any action of record in the case in
more than two months.  The Plan Proponent filed an objection to the
U.S. Trustee's motion on Aug. 7, 2015, and was joined by the First
National Land Development Company of New York, LLC -- co-owner of
Braffits Mountain Liquidation Unit, LLC, with Braffits Estates
Development -- on Aug. 17, 2015.

On April 25, 2014, the Plan Proponent filed the Plan and the
disclosure statement.  The Disclosure Statement was approved by the
Court on July 11, 2014, while the Plan was confirmed on Aug. 25,
2014.  

On Oct. 5, 2015, Judge Davis entered a conditional order of
conversion or dismissal, wherein the Plan Proponent was given 45
days after the court order to fund and establish the liquidating
trust provided for in the Plan in the order confirming the Plan.
On Oct. 20, 2014, the Court entered its findings of fact,
conclusions of law, and order confirming the Plan.    

First National Land Development is represented by:

      The Law Offices of Patrick Driscoll, LLC
      Patrick R. Driscoll, Jr., Esq.
      3333 E. Serene Avenue, Suite 150
      Henderson, NV 89074

The Plan Proponent is represented by:

      Matthew L. Johnson, Esq.
      Johnson & Gubler, P.C.
      Lakes Business Park
      8831 West Sahara Avenue
      Las Vegas, Nevada 89117
      Tel: (702) 471-0065
      Fax: (702) 471-0075
      E-mail: mjohnson@mjohnsonlaw.com

             and

      Timothy W. Walsh, Esq. (pro hac vice)
      McDermott Will & Emery LLP
      340 Madison Avenue
      New York, New York 10173
      Tel: (212) 547-5400
      Fax: (212) 547-5444
      E-mail: twwalsh@mwe.com

                   About Braffits Creek Estates

Braffits Creek Estates LLC filed for Chapter 11 protection (Bankr.
D. Nev. Case No. 12-19780) on Aug. 23, 2012. Bankruptcy Judge Bruce
A. Markell presides over the case. David J. Winterton, & Assoc.,
Ltd., represents the Debtor in its restructuring effort.  The
Debtor disclosed $25,003,800 in assets and $33,959,140 in
liabilities as of the Chapter 11 filing.

Bankruptcy Judge Laurel E. Davis confirmed Plan of Reorganization
for Braffits Creek Estates, LLC, as amended, modified or
supplemented, filed by secured creditor Cohen Braffits Estates
Development, LLC.

Cohen Braffits filed a bankruptcy-exit plan and disclosure
statement for the Debtor. Matthew L. Johnson, Esq., at Johnson &
Gubler, P.C., in Las Vegas, Nevada, related that Cohen's plan
provides for two classes of priority claims, one class of
secured claims, one class of unsecured claims, and one class of
equity security holders. Under the plan, Cohen will take
ownership of 100% of the equity of reorganized Braffits.


BROOKLYN NAVY: Moody's Affirms 'Caa1' Sr. Secured Debt Rating
-------------------------------------------------------------
Moody's Investors Service affirmed the Caa1 senior secured debt
rating of Brooklyn Navy Yard Cogeneration Partners L.P. (BNY Cogen
or Project).  The rating outlook was revised to positive from
stable.

BNY Cogen is a 286 MW dual-fuel cogeneration facility located in
Brooklyn, New York.  The project sells nearly 100% of its power and
steam output to Consolidated Edison Company of New York, Inc.
(ConEd; A2, stable) under a long term sales agreement that expires
in 2036.  The Project is 100% owned by EIF United States Power Fund
IV L.L. (EIF USPF IV), having acquired it on March 4, 2013. EIF
USPF IV is managed by Ares EIF Management, LLC (EIF), a
wholly-owned subsidiary of Ares Management, L. P. (Ares).

                         RATINGS RATIONALE

The change in rating outlook to positive considers Moody's
expectations of continued support from Ares/EIF to enable BNY Cogen
to meet its debt service, which on a standalone basis remains below
1.0x.  As Ares/EIF is not legally obligated to provide this level
of support, the Caa1 rating incorporates the Project's ability to
service its debt obligations on a standalone basis over the next
year.  The debt service coverage ratio (DSCR) has been below 1.0
times for several years, and it is expected to remain below 1.0
times through 2016, until current above-market natural gas
transportation contracts expire.  The positive rating outlook
reflects the expectation for improving coverage ratios in 2017 and
beyond owing to the expiration of the above market natural gas
transportation contract in November 2016 and the significantly
improved operating performance since Ares/EIF bought the Project
and installed NAES Corporation (NAES) NAES and Power Plant
Management Services, LLC (PPMS) as operator and asset manager,
respectively.

The Caa1 rating also recognizes BNY Cogen's lack of a debt service
reserve or working capital facility.  BNY Cogen has been using its
cash balances together with insurance proceeds from the Hurricane
Sandy outage, cash flow generated from the project and equity
investments from Ares/EIF to meet its obligations.  Moody's
calculates that the sponsor has contributed about $60 million to
the Project since March 2014, which includes an assumption that
$29.6 million was contributed in November 2015 to take out the
drawn DSR LOC loan.

Moody's understands that BNY Cogen has cash resources that should
allow it to cover debt service in 2016 without having to require
additional equity contributions from the sponsor.  Debt service
payments for 2016 of $14.2 million are due on April 1, 2016, and
Oct. 1, 2016.

Moody's believes that Ares/EIF continues to have a long-term
economic interest in maintaining the solvency of this Project,
particularly given its purchase in early 2013, its past level of
support, and the expiration of the BNY Cogen's above-market natural
gas transportation contract in late 2016, which is expected to
greatly improve the Project's economic prospects and coverage
starting in 2017.

While recent action by the sponsor lower the prospects for an event
of default at BNY Cogen, the rating further reflects the high
expected recovery value of the BNY Cogen plant should an event of
default occur.  Based upon the value determined for the sale of
similar power plants in the New York City area, our recovery
analysis suggests implied Project valuation that is nearly
equivalent to the amount of debt outstanding.  However, none of
these comparable valuations include plants that have long-term
contracts like BNY Cogen's with ConEd (expiring in 2036) like the
one BNY Cogen has.  This additional data point suggests that in the
event of a default, BNY Cogen's recovery prospects are more robust
than its peer New York City plants (none of which have long-term
contracts) and suggests that bondholders would get full recovery or
close to it.  Nevertheless, Moody's affirmed the Caa1 rating, which
implies an expected recovery of 90-95%, due to the liquidity
constraints on the Project, its inability to cover debt service
from cash flow alone, and the lack of a legal obligation on the
part of Ares/EIF to provide cash support to the Project to cover
debt service shortfalls, if needed.

The positive rating outlook assumes that Ares/EIF will continue to
support the Project, even if not legally obligated to do so.  This
view is largely driven by the long-term contract with ConEd, the
standalone prospects for the Project after the expiration of a
natural gas transportation contract (late 2016), and the importance
of the plant to ConEd.  The positive outlook also reflects the
improved operating performance of the plant, which has seen
availability averaging in the high 90s range since the spring
2013.

                What Could Change the Rating - Up

Positive trends that could lead to an upgrade include financial
results that show the Project being able to cover debt service from
cash flows alone as well as clarity around future financial
performance after the expiration of the natural gas transportation
contract.

                What Could Change the Rating – Down

The rating or outlook could come under downward pressure if
Ares/EIF fails to provide capital infusions to the Project to meet
debt service shortfalls, if needed, or should an unforeseen
sustained forced outage occur, which would further hamper liquidity
prospects.

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


BURCON NUTRASCIENCE: Confirms No Material Undisclosed Information
-----------------------------------------------------------------
Burcon NutraScience Corporation confirmed that it is not aware of
any material undisclosed information that may be contributing to
the recent increase in market price and level of trading activity
of its shares.

In December 2015, Burcon announced that it expects its license
partner Archer Daniels Midland Company's first
full-commercial-scale CLARISOY production facility to be
operational by mid-2016.

At the recent Consumer Analyst Group of New York conference, held
on February 16 in Boca Raton, Florida, Vince Macciocchi, senior
vice-president of ADM and president of ADM's Wild Flavors and
Specialty Ingredients division, commented on CLARISOY within the
larger context of ADM's efforts to drive revenue growth through
ADM's innovation expertise and synergistic applications of ADM's
numerous food ingredients.

Specifically, Macciocchi stated ADM has over 700 synergy projects
in its pipeline at present, and he added the following statement:

"An example of a recent revenue synergy win, one we're very excited
about, is there's a national brand of a juice drink, a natural
juice, that utilizes natural color, natural flavor and for the
first time our clear soluble protein, CLARISOY.  This product is
going to launch in the marketplace in the very near future."

"We are excited to see ADM's increased commercialization activities
as CLARISOY nears full-commercial-scale production," said Johann
Tergesen, Burcon's president and chief operating officer, adding,
"ADM has made excellent progress in bringing CLARISOY to diverse
markets and they are pursuing potential applications with numerous
customers in the U.S. and internationally."

                 About Burcon NutraScience        

Headquartered in Vancouver, Canada, Burcon NutraScience
Corporation has developed a portfolio of composition, application,
and process patents originating from its core protein extraction
and purification technology.  The Company's patented processes
utilize inexpensive oilseed meals and other plant-based sources
for the production of purified plant proteins that exhibit certain
nutritional, functional and nutraceutical profiles.

For the nine months ended Dec. 31, 2015, the Company reported a
loss and comprehensive loss of C$4.95 million on C$73,240 of
revenue compared to a loss and comprehensive loss of C$5.04 million
on C$79,879 of revenue for the nine months ended Dec. 31, 2014.

As of Dec. 31, 2015, Burcon had C$5.56 million in total assets,
C$374,211 in liabilities and $5.18 million in shareholders'
equity.

"As at December 31, 2015, the Company had minimal revenues from its
technology, had an accumulated deficit of C$75,940,041, and had
relied on equity financings, private placements, rights offerings
and other equity transactions to provide the financing necessary to
undertake its research and development activities.  As at December
31, 2015, the Company had cash and cash equivalents of C$1,908,210
and short-term investments of C$1,384,000.  These conditions
indicate existence of a material uncertainty that casts substantial
doubt about the ability of the Company to meet its obligations as
they become due and, accordingly, its ability to continue as a
going concern," the Company stated in its quarterly report for the
period ended Dec. 31, 2015.


CAESARS ENTERTAINMENT: Has Until July 15 to File a Plan
-------------------------------------------------------
Judge A. Benjamin Goldgar of the U.S. Bankruptcy Court for the
Northern District of Illinois, Eastern Division, extended Caesars
Entertainment Operating Company, Inc.'s exclusive period to file a
Chapter 11 Plan to July 15, 2016, and exclusive period to solicit
acceptances thereof to September 15, 2016.

The Statutory Unsecured Claimholders’ Committee, the Official
Committee of Second Priority Noteholders, the Ad Hoc Committee of
First Lien Noteholders and UMB Bank, N.A., and the Ad Hoc Bank
Lender Committee support the Debtors' request for extension of
exclusivity.

According to the Creditors, this is a complex and difficult case
with many contingencies still to be resolved before a confirmation
process can begin and more time is needed to preserve the benefits
of the Bond RSA and to obtain the support of junior creditors.  The
Creditors agree that the extension of exclusivity requested by the
Debtors will afford them the additional time necessary to negotiate
appropriate amendments to the Bond RSA milestones that will lock in
the very valuable benefits realized by the Debtors and their
creditors thereunder, while providing the mediation process a
meaningful opportunity to proceed in earnest.

In addition, the Examiner is still conducting his examination and
his report is needed to facilitate productive discussions among the
Debtors' sponsors and their junior creditors, the Creditors said.
Likewise, the Debtors' will not be prejudiced if their plan process
is temporarily postponed while the Court and the mediator and other
parties review and evaluate the Examiner’s report and any further
amendments to the Debtors' plan, the Creditors continued.

The Statutory Unsecured Claimholders’ Committee is represented
by:

     Judy G.Z. Liu, Esq.
     Philip M. Abelson, Esq.
     Vincent Indelicato, Esq.
     PROSKAUER ROSE LLP
     Eleven Times Square
     New York, New York 10036
     Telephone: (212) 969-3000
     Facsimile: (212) 969-2900
     Email: jliu@proskauer.com
            pabelson@proskauer.com
            vindelicato@proskauer.com

     -- and --

     Jeff J. Marwil, Esq.
     Mark K. Thomas, Esq.
     Paul V. Possinger, Esq.
     Brandon W. Levitan, Esq.
     PROSKAUER ROSE LLP
     70 W. Madison St.
     Chicago, Illinois 60602-4342
     Telephone: (312) 962-3550
     Facsimile: (312) 962-3551
     Email: jmarwil@proskauer.com
            mthomas@proskauer.com
            ppossinger@proskauer.com
            blevitan@proskauer.com

The Official Committee of Second Priority Noteholders is
represented by:

     Timothy W. Hoffmann, Esq.
     JONES DAY
     77 West Wacker
     Chicago, IL 60601-1692
     Telephone: (312) 782-3939
     Facsimile: (312) 782-8585
     Email: thoffmann@jonesday.com

     -- and -–

     Bruce Bennett, Esq.
     James O. Johnston, Esq.
     Sidney P. Levinson, Esq.
     Joshua M. Mester, Esq.
     JONES DAY
     555 South Flower Street
     Fiftieth Floor
     Los Angeles, California 90071
     Telephone: (213) 489-3939
     Facsimile: (213) 243-2539
     Email: bbennett@jonesday.com
            jjohnston@jonesday.com
            slevinson@jonesday.com
            jmester@jonesday.com

The Ad Hoc Committee of First Lien Noteholders is represented by:

     Mark A. Berkoff, Esq.
     Robert Radasevich, Esq.
     Nicholas M. Miller, Esq.
     NEAL, GERBER & EISENBERG LLP
     Two North LaSalle Street, Suite 1700
     Chicago, Illinois 60602-3801
     Telephone: (312) 269-8000
     Email: mberkoff@ngelaw.com
            rradasevich@ngelaw.com
            nmiller@ngelaw.com

     -- and --

     Kenneth H. Eckstein, Esq.
     Daniel M. Eggermann, Esq.
     David Blabey, Esq.
     KRAMER LEVIN NAFTALIS & FRANKEL LLP
     1177 Avenue of the Americas
     New York, NY 10036
     Telephone: (212) 715-9100
     Email: keckstein@kramerlevin.com
            deggermann@kramerlevin.com
            dblabey@kramerlevin.com

UMB Bank, N.A. is represented by:

     Peter A. Siddiqui, Esq.
     KATTEN MUCHIN ROSENMAN LLP
     525 West Monroe Street
     Chicago, Illinois 60661-3693
     Telephone: (312) 902-5200
     Email: peter.siddiqui@kattenlaw.com
     
     -- and --

     Craig A. Barbarosh, Esq.
     David A. Crichlow, Esq.
     Karen B. Dine, Esq.
     KATTEN MUCHIN ROSENMAN LLP
     575 Madison Avenue
     New York, NY 10022-2585
     Telephone: (212) 940-8800
     Email: craig.barbarosh@kattenlaw.com
            david.crichlow@kattenlaw.com
            karen.dine@kattenlaw.com

The Ad Hoc Bank Lender Committee is represented by:

     Brian L. Shaw, Esq.
     SHAW FISHMAN GLANTZ & TOWBIN LLC
     321 N. Clark Street, Suite 800
     Chicago, Illinois 60654
     Telephone: (312) 541-0151
     Email: bshaw@shawfishman.com

     -- and --

     Kristopher M. Hansen, Esq.
     Kenneth Pasquale, Esq.
     Jonathan D. Canfield, Esq.
     STROOCK & STROOCK & LAVAN LLP
     180 Maiden Lane
     New York, New York 10038
     Telephone: (212) 806-5400
     Email: khansen@stroock.com
            kpasquale@stroock.com
            jcanfield@stroock.com

        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.


CAESARS ENTERTAINMENT: Windy City Case May Blow $7B NY Trial
------------------------------------------------------------
Bankruptcy Law360 reported that Manhattan U.S. District Judge Shira
A. Scheindlin kept a $7 billion trial set for March 14 on track as
two bond trustees seek to force Caesars Entertainment Corp. to make
good on a bankrupt subsidiary's notes, but cautioned the proceeding
may be subject to a Chicago Chapter 11 stay.  Judge Scheindlin
ordered a split trial on claims by trustees BOKF NA and UMB Bank NA
of tortious interference with a contract and breach of the covenant
of good faith and fair dealing will be put aside in favor of less
fact-intensive questions about whether the casino operator violated
the Trust Indenture Act or breached contracts with debt investors.
But Scheindlin noted that Chicago U.S. Bankruptcy Judge A. Benjamin
Goldgar must still rule on a litigation stay in a parallel dispute
that has already reached the Seventh Circuit once.  Judge Goldgar
has indicated that he will rule on whether BOKF and UMB may go
forward by the first week in March, according to Judge Scheindlin.
But Scheindlin noted that Chicago U.S. Bankruptcy Judge A. Benjamin
Goldgar must still rule on a litigation stay in a parallel dispute
that has already reached the Seventh Circuit once.  Judge Goldgar
has indicated that he will rule on whether BOKF and UMB may go
forward by the first week in March, according to Judge Scheindlin.

BOKF is represented by Andrew I. Silfen, Michael S. Cryan, Mark A.
Angelov, Beth M. Brownstein, Ralph A. Taylor Jr., Jackson D.Toof
and Martin F. Cunniff of Arent Fox LLP.

UMB Bank is represented by Craig A. Barbarosh, David A. Crichlow,
Karen B. Dine and Rebecca Kinburn of Katten Muchin Rosenman LLP.
Caesars Entertainment is represented by Eric Seiler, Philippe
Adler, Jason C. Rubinstein and Christopher M. Colorado of Friedman
Kaplan Seiler & Adelman LLP and Lewis R. Clayton, Michael E.
Gertzman, Jonathan H. Hurwitz and Ankush Khardori of Paul Weiss
Rifkind Wharton & Garrison LLP.

The cases are UMB Bank v. Caesars Entertainment, case number
1:15-cv-04634, and BOKF v. Caesars Entertainment, case number
1:15-cv-01561, in the U.S. District Court for the Southern District
of New York.

                   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.


CAPITOL LAKES: Hiring Sweet DeMarb as Local Counsel
---------------------------------------------------
Capitol Lakes, Inc., asks a Wisconsin bankruptcy judge to grant its
request to employ the law firm of Sweet DeMarb LLC as its local
counsel in its Chapter 11 proceedings.

Sweet DeMarb will charge for its legal services at these rates:

     James D. Sweet                   $625.00 per hour
     Rebecca R. DeMarb                $420.00 per hour
     G. Brian Brophy                  $325.00 per hour
     Zoran Balac                      $280.00 per hour
     Non-Attorney Paraprofessionals    $80.00 - $150.00 per hour

Sweet DeMarb will bill the Debtor monthly for its fees and costs,
with the first the bill including fees and costs from the Petition
Date through January 31, 2016.  Sweet DeMarb will apply to the
Court for interim approval of its fees and costs every 120-days
pursuant to 11 U.S.C. Sec. 331.  

A total pre-petition advanced fee deposit of $25,000 was paid to
Sweet DeMarb on January 19, 2016, before the Petition was filed.
The balance of the retainer not applied to pre-petition fees,
$21,512.75, will be held by Sweet DeMarb for payment of its fees
incurred post-petition.  Sweet DeMarb was owed nothing by the
Debtor when the Petition was filed.

To the best of the Debtor' knowledge, Sweet DeMarb is a
"disinterested person" within the meaning of 11 U.S.C. Sec.
101(14).  As required by 11 U.S.C. Sec. 327(a), Sweet DeMarb does
not hold or represent an interest adverse to the Debtor's estate.
Sweet DeMarb has no connection to the Debtor, its creditors, or
related parties.

In supplemental filings with the Court, Capitol Lakes said that:

     -- Sweet DeMarb did not agree to any variations from, or
alternatives to, the Debtor's standard or customary billing
arrangements for this engagement.

     -- None of the professionals included in the engagement varied
their rate based on the geographic location of the bankruptcy case.


     -- The Debtor did not approve a prospective budget and
staffing plan.

Tim Conroy, executive director and authorized officer of the
Debtor, said:

     -- he did not take steps to ensure that the firm's billing
rates and material terms for the engagement are comparable to the
firm's billing rates and terms of other non-bankruptcy engagements
and to the billing rates and terms of other comparably skilled
professionals.

     -- he did not interview other firms for local counsel.

     -- he has not established procedures to supervise the firm's
fees and expenses, and to manage costs other than the ordinary
course.  He plans to review the firm's invoices and make payments
based upon my best business judgment and in accordance with the
retainer agreement and the procedures set forth in the
Application.

     -- he did not negotiate the rates with the firm, but rather
accepted what it quoted.

"I have no plans to delegate routine matters to less expensive
counsel," Mr. Conroy added.

The firm may be reached at:

     James D. Sweet, Esq.
     Rebecca R. DeMarb, Esq.
     G. Brian Brophy, Esq.
     Zorn Balac, Esq.
     SWEET DeMARB LLC
     One North Pinckney Street, Suite 300
     Madison, WI 53703
     Tel: 608-310-5500
     Fax: 608-310-5525
     E-mail: rdemarb@sweetdemarb.com

                       About Capitol Lakes

On January 20, 2016, Capitol Lakes Inc. filed a Chapter 11
bankruptcy petition in the United States Bankruptcy Court for the
Western District of Wisconsin.  The case (Case No. 16-10158) is
assigned to Judge Robert D. Martin.

The Debtor has tapped DLA Piper LLP as its legal counsel, and Cain
Brothers & Company LLC as its financial advisor.

The Debtor estimated assets of $50 million to $100 million and
debts of $100 million to $500 million.  

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  They are Margaret
Barker, John Burkhalter, Geri Dickson, Sally Drew, Patrick J.
Holzem, Judith Snyderman and M. Crawford Young.  Murphy Desmond
S.C. represents the committee.


CAPITOL LAKES: Schedules $55.5M in Assets and $96.9M in Debt
------------------------------------------------------------
Capitol Lakes Inc. disclosed $55,482,413 in assets and $96,901,113
in liabilities in its schedules of assets and liabilities for
non-individuals:

   Name of Schedule                   Assets       Liabilities
   ----------------                   ------       -----------
A. Real Property                 $40,251,221                       
   
B. Personal Property             $15,231,192           
C. Property Claimed as Exempt
D. Creditors Holding
   Secured Claims                                  $52,178,599
E. Creditors Holding Unsecured
   Priority Claims                                          $0
F. Creditors Holding Unsecured
   Non-priority Claims                             $44,722,513
                                  -----------      -----------
TOTAL                             $55,482,413      $96,901,113

A copy of the company's schedules is available without charge at
http://is.gd/kQu5QV

                       About Capitol Lakes

On January 20, 2016, Capitol Lakes Inc. filed a Chapter 11
bankruptcy petition in the United States Bankruptcy Court for the
Western District of Wisconsin.  The case (Case No. 16-10158) is
assigned to Judge Robert D. Martin.

The Debtor has tapped DLA Piper LLP as its legal counsel, and Cain
Brothers & Company LLC as its financial advisor.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  They are Margaret
Barker, John Burkhalter, Geri Dickson, Sally Drew, Patrick J.
Holzem, Judith Snyderman and M. Crawford Young.  Murphy Desmond
S.C. represents the committee.


COLLAVINO CONSTRUCTION: Can File Bankruptcy Plan Thru Feb. 29
-------------------------------------------------------------
Judge Shelley Chapman has extended Collavino Construction Company
Inc. and Collavino Construction Company Limited's exclusive right
to file a Chapter 11 plan through February 29, 2016.  

The Debtors are also given through May 30 to solicit acceptances
for a filed plan.

                  About Collavino Construction

Family-owned The Collavino Group owns entities that operate in
various sectors of the construction industry in the New York-New
Jersey metropolitan area, Canada, and the Detroit metropolitan
area. The Collavino Group performs contracts in both the public and
private sectors as a general contractor, design-build consultant,
construction manager and prime subcontractor for cast-in-place and
precast concrete works.

CCCI sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
14-12908) on Oct. 17, 2014  CCCL sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 15-10344) on Feb. 18, 2015.

CCCL disclosed $88,418,514 in assets and $6,274,097 in liabilities
as of the Chapter 11 filing.

Judge Shelley C. Chapman presides over the cases.  The Court
approved the joint administration of the two cases.  The Debtors
tapped Cullen and Dykman LLP as counsel, and Peckar & Abramson,
P.C., as special litigation counsel.


COLLAVINO CONSTRUCTION: Stipulated for Mediation Thru Feb. 29
-------------------------------------------------------------
Collavino Construction Company Inc. and Collavino Construction
Company Limited entered into a fourth stipulation with the Port
Authority of New York and New Jersey, WTC Tower 1, LLC a/k/a 1 WTC
Holdings, LLC a/k/a 1 World Trade Center, LLC, and Tower 5 LLC
regarding various open matters in their bankruptcy cases.

The parties stipulate to extend the mediation among them through
Feb. 29, 2016.

                  About Collavino Construction

Family-owned The Collavino Group owns entities that operate in
various sectors of the construction industry in the New York-New
Jersey metropolitan area, Canada, and the Detroit metropolitan
area. The Collavino Group performs contracts in both the public and
private sectors as a general contractor, design-build consultant,
construction manager and prime subcontractor for cast-in-place and
precast concrete works.

CCCI sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
14-12908) on Oct. 17, 2014  CCCL sought Chapter 11 protection
(Bankr. S.D.N.Y. Case No. 15-10344) on Feb. 18, 2015.

CCCL disclosed $88,418,514 in assets and $6,274,097 in liabilities
as of the Chapter 11 filing.

Judge Shelley C. Chapman presides over the cases.  The Court
approved the joint administration of the two cases.  The Debtors
tapped Cullen and Dykman LLP as counsel, and Peckar & Abramson,
P.C., as special litigation counsel.


CONSTELLATION ENTERPRISES: Moody's Changes PDR to Caa3
------------------------------------------------------
Moody's Investors Service changed Constellation Enterprises, LLC's
Probability of Default Rating to Caa3-PD/LD from Caa3-PD following
the recent transaction completed by the company.  In the same
rating action, the company's corporate family rating was affirmed
at Caa3.  Rating outlook is negative.

On Feb. 1, 2016, Constellation has amended the indenture for its
$130 million senior secured notes, and extended their maturity date
to Feb. 1, 2018 from Feb. 1, 2016.  As a part of this amendment, an
additional 0.5% PIK interest component was added to the notes for
an overall interest rate of 11.125%.  The company also extended the
maturity of its $22 million ABL revolving credit facility to July
28, 2016 from Jan. 28, 2016, and entered into a new $13 million
delayed draw term loan due Jan. 28, 2018.

                         RATING RATIONALE

Moody's views this transaction as a distressed exchange, which is
reflected "Limited Default" or "LD" designation assigned upon
closing of this transaction.  The /LD designation reflects Moody's
definition of default is intended to capture events whereby issuers
fail to meet debt service obligations outlined in their original
debt agreements.  Additionally, Moody's believes this transaction
was completed to avoid an event of a payment default given the
company's limited sources of liquidity.

The company's ratings were affirmed as operating fundamentals have
not changed since the last rating action on Dec. 21, 2015.

These rating actions were taken:

Issuer: Constellation Enterprises, LLC:

  Corporate Family Rating, affirmed at Caa3;
  Probability of Default Rating, affirmed at Caa3-PD (/LD
   appended);
  Caa3 (LGD4) rating on $130 million of 10.625% Senior Secured
   Notes due February 1, 2016 has been withdrawn given that the
   obligation is no longer outstanding;

Negative rating outlook.

All of the company's existing ratings will be withdrawn in three
business days.  Moody's does not rate the debt in the new capital
structure.

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

Constellation Enterprises, LLC, through its operating subsidiaries,
is a manufacturer of custom engineered metal components for various
end markets such as rail transportation, oil & gas, general
industrial, nuclear, aerospace, and small gas engine markets.  The
company's operating subsidiaries include Jorgensen Forge,
Commercial Metal Forming, Columbus Castings and Zero.
Constellation is owned by Protostar Partners LLC.  In the LTM
period ending Sept. 30, 2015, the company generated approximately
$121 million in revenues and $216 million including the
discontinued operations of Columbus Castings.


DIVERSE ENERGY: Sells Assets to Cimarron Acquisition
----------------------------------------------------
Diverse Energy Systems LLC and its affiliates have sold most of
their assets to Cimarron Acquisition Co., which made a $5.45
million cash offer.

Cimarron offered to buy the companies' assets including their real
estate, intellectual property and inventory.  It also offered to
assume certain liabilities of the companies, according to court
filings.

Diverse Energy will use the cash proceeds from the sale to pay
creditors including Alerus Financial N.A. and Coyote Capital
Management LLC, which assert security interests in the assets.

Coyote Capital, the company that provided loans to get Diverse
Energy through bankruptcy, will receive $2.28 million while the
other creditor will receive $2.25 million.

Diverse Energy will retain the remainder of the cash proceeds
pending further approval from the bankruptcy court, according to
court filings.

Judge David Jones of the U.S. Bankruptcy Court for the Southern
District of Texas approved the sale.

                       About Diverse Energy

Diverse Energy Systems, LLC, et al., filed Chapter 11 bankruptcy
petitions (Bankr. S.D. Tex. Lead Case No. 15-34736) on Sept. 7,
2015.  The jointly administered cases have been assigned to Judge
Karen K. Brown.

Forshey Prostok LLP serves as the Debtor's counsel.  SSG Advisors,
LLC serves as the Debtor's financial and restructuring advisor.
The Debtor tapped Gordon Brothers Asset Advisors, LLC as
appraiser.

Diverse is the indirect parent of ITS Engineered Systems, Inc.  ITS
filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code on April 17, 2015.  ITS's bankruptcy case is
currently pending in this Court as Case No. 15-32145.

Diverse is a provider of integrated solution platforms for upstream
and midstream customers in the natural gas production, oil
production, and water treatment industries.

On Oct. 5, 2015, Diverse disclosed total assets of $15,836,103 and
total liabilities of $3,261,959.

                           *     *     *

On Dec. 22, 2015, Diverse filed a motion to extend the period of
time during which it alone holds the right to file a Chapter 11
plan.  Diverse proposed to extend its exclusive right to file a
plan to April 4, 2016, and to solicit votes from creditors to
June 3, 2016.  

The extension, if approved, would prevent others from filing rival
plans in court and maintain Diverse's control over its bankruptcy
case.


DOLPHIN DIGITAL: Hikes Authorized Common Stock to 400 Million
-------------------------------------------------------------
Dolphin Digital Media, Inc., filed with the Secretary of State of
the State of Florida Articles of Amendment to the Amended Articles
of Incorporation to increase the number of authorized shares of
Common Stock of the Company from 200,000,000 to 400,000,000 shares
and to create the new Series C Convertible Preferred Stock.  

The certificate of designation of the Series C Convertible
Preferred Stock provides that each share of Series C Convertible
Preferred Stock will be exercisable into one share of Common Stock.
Until the fifth anniversary of the date of the issuance, the
Series C Convertible Preferred Stock will have certain
anti-dilution protections as provided in the Certificate of
Designation.  Specifically, the number of Common Stock into which
the Series C Convertible Preferred Stock will be converted will be
adjusted for each future issuance of Common Stock (but not upon
issuance of Common Stock equivalents):

   (i) upon the conversion or exercise of any instrument currently
       or hereafter issued (but not upon the conversion of the
       Series C Convertible Preferred Stock);

  (ii) upon the exchange of debt for shares of Common Stock; or

(iii) in a private placement, such that the total number of
       shares of Common Stock held by an "Eligible Series C
       Preferred Holder" (based on the number of shares of Common
       Stock held as of the date of issuance) will be 53% of the
       shares of the Company's Common Stock outstanding.   

An Eligible Class C Preferred Stock Holder means any of (i) Dolphin
Entertainment, Inc., for so long as Mr. O'Dowd continues to
beneficially own at least 90% of DEI and serves on the board of
directors or other governing body of DEI, (ii) any other entity in
which Mr. O'Dowd beneficially owns more than 90%, or a trust for
the benefit of others but for which Mr. O'Dowd serves as trustee
and (iii) Mr. O'Dowd individually.  The shares of Series C
Convertible Preferred Stock will automatically convert into the
number of shares of Common Stock equal to the Conversion Number in
effect at that time upon the occurrence of any of the following
events: (i) upon transfer of the Series C Convertible Preferred
Stock to any holder other than an Eligible Class C Preferred Stock
Holder, (ii) if the aggregate number of shares of Common Stock plus
Conversion Shares (issuable upon conversion of each share of Series
B Convertible Preferred Stock and the Series C Convertible
Preferred Stock) held by the Eligible Class C Preferred Stock
Holders in the aggregate constitute 10% or less of the sum of (x)
the outstanding shares of Common Stock plus (y) all Conversion
Shares held by the Eligible Class C Preferred Stock Holders and
(iii) at such time as the holder of Series C Convertible Preferred
Stock ceases to be an Eligible Class C Preferred Stock Holder.  
Series C Convertible Preferred Stock will only be convertible by
the holder upon the Company satisfying certain "optional conversion
thresholds" as provided in the Certificate of Designation.  The
Certificate of Designation also provides for a liquidation value of
$0.001 per share.  The holders of Series C Convertible Preferred
Stock and Common Stock will vote together as a single class on all
matters upon which the Common Stock is entitled to vote, except as
otherwise required by law.  The holders of Series C Convertible
Stock will be entitled to three votes for each share of Common
Stock into which such holders’ shares of Series C Convertible
Stock could then be converted.  The Certificate of Designation also
provides for dividend rights of the Series C Convertible Preferred
Stock on parity with the Company's Common Stock.
  
                      About Dolphin Digital

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

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

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

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


DOLPHIN DIGITAL: Shareholders OK Six Proposals at Annual Meeting
----------------------------------------------------------------
Dolphin Digital Media, Inc., held its 2015 annual meeting of
shareholders on Feb. 22, 2016, at which the shareholders:

   (i) approved the Agreement and Plan of Merger, by and among
       Dolphin Digital Media, Inc., DDM Merger Sub, Inc., Dolphin
       Films, Inc. and Dolphin Entertainment, Inc., including the
       issuance of 2,300,000 shares of Series B Convertible
       Preferred Stock and 1,000,000 shares of Series C;
       Convertible Preferred Stock as consideration for the Merger


  (ii) approved an amendment to the Company's Articles of
       Incorporation to create the Series C Convertible Preferred
       Stock and to increase the number of authorized shares of
       Common Stock from 200,000,000 to 400,000,000 shares;

(iii) elected William O'Dowd, IV, Michael Espensen, Nelson
       Famadas, Mirta Negrini and Nicholas Stanham as directors;

  (iv) ratifid BDO USA, LLP as the Company's independent
       registered public accounting firm for the 2015 fiscal year;

   (v) approved, on a non-binding advisory basis, the compensation
       paid to the Company's named executive officers; and

  (vi) approved, on a non-binding advisory basis, to hold
       the shareholder vote on the compensation of the Company's
       named executive officers every three years.
       
                      About Dolphin Digital

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

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

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

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


DVORKIN HOLDINGS: Estate Assets Vested in Reorganized Debtor
------------------------------------------------------------
Dvorkin Holdings LLC's Chapter 11 trustee filed with the U.S.
Bankruptcy Court for the Northern District of Illinois a notice of
vesting of the bankruptcy estate's assets in the reorganized
company.

The assets include all membership interests in 25210 W. Reed
(Channahon) LLC, which holds title to the real property located in
Channahon, Illinois; and a bank account for Channahon at Belmont
Bank & Trust, with a balance of approximately $65,029 as
of Nov. 10, 2015.

Dvorkin Holdings officially emerged from Chapter 11 protection more
than three months after the court approved its restructuring plan
on June 30, 2015.  

The plan, proposed by the bankruptcy trustee and owners of the
company, took effect on November 11 last year, court filings show.

The restructuring plan provided for full payment of secured and
general unsecured claims, and allowed interest holders to retain
their interests in the company.

ASM Capital, one of Dvorkin's largest creditors, filed a rival
plan, which proposed to sell the remaining assets of the company
and pay claim holders interest at the contracts' default rate of
9%.  The liquidating plan was rejected by the bankruptcy court,
according to court filings.

                     About Dvorkin Holdings

Dvorkin Holdings, LLC, is a real estate holding company that
possesses or possessed ownership interests in 70 real properties,
either directly or indirectly through limited liability companies
or land trusts.  Dvorkin Holdings has interests in 40 non-debtor
entities.

Dvorkin Holdings filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 12-31336) in Chicago on Aug. 7, 2012.  The Debtor
disclosed $69.9 million in assets and $9.30 million in liabilities
as of the Chapter 11 filing.  Michael J. Davis, Esq., at Archer
Bay, P.A., in Lisle, Ill., serves as counsel to the Debtor.  The
petition was signed by Loran Eatman, vice president of DH-EK
Management Corp.

The Bankruptcy Court in October 2012 granted the request of
Patrick S. Layng, the U.S. Trustee for the Northern District of
Illinois, to appoint Gus Paloian as the Chapter 11 Trustee.

Seyfarth Shaw, LLP, represents the Chapter 11 Trustee as counsel.
Carpenter Lipps & Leland LLP represents the Chapter 11 Trustee as
conflicts counsel.

On March 16, 2015, the Clerk of the Court reassigned the case to
U.S. Bankruptcy Judge Jacqueline P. Cox.


ECO BUILDING: Incurs $10.7 Million Net Loss in Second Quarter
-------------------------------------------------------------
Eco Building Products, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $10.67 million on $111,374 of total revenue for the three months
ended Dec. 31, 2015, compared to a net loss of $1.40 million on
$777,366 of total revenue for the same period in 2014.

For the six months ended Dec. 31, 2015, the Company reported a net
loss of $18.63 million on $387,125 of total revenue compared to a
net loss of $873,153 on $1.65 million of total revenue for the six
months ended Dec. 31, 2014.

As of Dec. 31, 2015, Eco Building had $938,066 in total assets,
$37.03 million in total liabilities, $1.14 million in liabilities
related to discontinued operations and a $37.24 million total
stockholders' deficit.

"Our continuation as a going concern is dependent upon obtaining
the additional working capital necessary to sustain our operations.
Our future is dependent upon our ability to obtain financing and
upon future profitable operations. The Company estimates the
current operational expenses of approximately one hundred fifty
thousand dollars a month is required to continue to operate.  This
is achieved either through profit from sales; or by management
seeking additional financing through the sale of its common stock,
and/or through private placements.  The minimum operational
expenses must be met in order to relive the threat of the company's
ability to continue as a going concern.  There is no assurance that
our current operations will be profitable or that we will raise
sufficient funds to continue operating.  The Company continues to
trim overhead expenses to meet revenues.  The financial statements
do not include any adjustments relating to the recoverability and
classification of recorded assets, or the amounts of and
classification of liabilities that might be necessary in the event
we cannot continue in existence.  These factors raise substantial
doubt about the Company's ability to continue as a going concern."

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

                      http://is.gd/tpiHMW

                      About Eco Building

Vista, Calif.-based Eco Building Products is a manufacturer of
proprietary wood products treated with an eco-friendly proprietary
chemistry that protects against mold, rot, decay, termites and
fire.

Eco Building reported net income of $99,871 on $2.09 million of
total revenue for the 12 months ended June 30, 2015, compared to a
net loss of $28.94 million on $1.18 million of total revenue for
the 12 months ended June 30, 2014.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended June 30, 2015, citing that the
Company has an accumulated deficit of $74,876,514, negative working
capital, and negative gross margin as of June 30, 2015, which
raises substantial doubt about its ability to continue as a going
concern.


ELBIT IMAGING: Buys Back NIS62.1 Million Series H Notes
-------------------------------------------------------
Elbit Imaging Ltd. announced repurchases of the following Notes was
executed since the 1st of Feb. 1, 2016 to Feb.  25, 2016.

Note: Series H

The acquiring corporation: Elbit Imaging Ltd

Quantity purchased (Par value): 13,741,086

Weighted average price: 88.8

Total amount paid(NIS): 12,202,417

The entire repurchased notes since Oct. 12, 2015, as the first
Notes buyback plan announcement, to Feb. 25, 2016:

Note: Series H

The acquiring corporation: Elbit Imaging Ltd

Quantity purchased (Par value): 69,731,629

Weighted average price: 89.15

Total amount paid(NIS): 62,170,416

The Board of Directors voted a resolution to approve new notes'
Buy-Back plan of the Company's series H which are traded on the Tel
Aviv Stock Exchange.

                        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.


EMERALD EXPOSITIONS: Moody's Raises CFR to B2, Outlook Stable
-------------------------------------------------------------
Moody's Investors Service upgraded the corporate family rating of
Emerald Expositions Holding, Inc. to B2 from B3.  The first lien
credit facility was upgraded to B1 from B2 and the senior unsecured
notes were upgraded to Caa1 from Caa2.  The outlook was changed to
stable from positive.

The upgrade reflects the substantial deleveraging of its balance
sheet to 5.4x as of YE 2015 from 6.6x at YE 2014 (including Moody's
adjustments).  Leverage has decreased from a combination of debt
repayment and EBITDA gains from both organic growth as well as from
acquisitions.  The company benefits from strong free cash flow that
could be used to fund additional acquisitions or debt repayment
going forward.

This is a summary of Moody's ratings actions:

Issuer: Emerald Expositions Holding, Inc.

  Outlook, changed to stable from positive
  Corporate Family Rating, upgraded to B2 from B3
  Probability of Default Rating, upgraded to B2-PD from B3-PD
  US$90 mil. Senior Secured Revolving Credit Facility, upgraded to

   B1 (LGD3) from B2 (LGD3)
  US$630 mil. Senior Secured 1st Lien Term Loan B, upgraded to B1
   (LGD3) from B2 (LGD3)
  US$200 mil. Senior Unsecured Notes, upgraded to Caa1 (LGD5) from

   Caa2 (LGD5)

                         RATINGS RATIONALE

Emerald's B2 CFR reflects its leverage of 5.4x (including Moody's
standard adjustments) as of YE 2015 and the highly cyclical nature
of the tradeshow business.  The company operates in ten different
end markets although there is a significant concentration to both
the Gift, Home, General Merchandise & Manufacturing and Sports &
Apparel divisions.  In addition, approximately 37% of 2015 revenue
was derived from its top five shows.  There is also sensitivity to
long term disruptions in air travel which would negatively impact
performance.  The company generates over 90% of revenue from
tradeshows and conferences with the remaining revenue coming from
lower margin print publications and digital products lines.  The
limited print exposure which is in secular decline, reduces the
risk of converting print revenue to digital that has been a
challenge for many companies.  Emerald also benefits from high
margins, strong free cash flows, a good liquidity position, and
growth in the event business following the 2008-2009 recession.
Leverage has improved from material debt repayment in 2014 and 2015
as well as from organic EBITDA growth and from acquisitions.

Moody's anticipates that Emerald will have good liquidity over the
next 12 months, supported by strong free cash flow, a cash balance
of $16 million as of Q4 2015 and an undrawn $90 million revolver
due June 2018.  The term loans are covenant lite and the revolver
is subject to a 6x net first lien leverage test if the revolver is
more than 25% drawn.

The company has the ability to incur incremental secured debt in
the amount so that the total net first lien secured ratio does not
exceed 4.5x plus $100 million.  The $200 million senior notes due
2021 become callable on June 15th 2016 at 104.5.

The stable outlook reflects Moody's expectation that Emerald will
continue to generate good free cash flow and grow revenue in the
low single digits.  EBITDA growth is expected to lead to modest
deleveraging over the next year, although financial policy is
anticipated to have a significant impact and could lead to
additional deleveraging.

An additional upgrade is unlikely in the near term given the recent
upgrade.  Moody's could upgrade the ratings if the company
maintains good liquidity, generates a strong free cash flow to debt
ratio of over 15%, and grows EBITDA or reduces debt such that
leverage is sustained below 4x.  Confidence that the private equity
owners would maintain leverage below 4x would also be required as
would positive organic revenue growth.

Moody's could lower the ratings if leverage is sustained above
5.75x due to economic weakness, poor operating performance, or a
debt funded shareholder friendly transaction.  Negative free cash
flow or a weak liquidity position would also lead to negative
rating pressure.

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

Emerald Expositions Holding, Inc. (fka Nielsen Business Media
Holding Company) is one of the leading operators of
business-to-business event and tradeshows.  The company operates
tradeshows in ten end markets (Gift, Home, General Merchandise &
Manufacturing; Sports & Apparel; Design; Jewelry, Luxury &
Antiques; eCommerce; Creative Services; Licensing; Healthcare;
Military; and Food).  In June 2013, investment funds managed by an
affiliate of Onex Partners Manager LP (Onex) acquired the company
from the Nielsen Company for $949 million.  Emerald is
headquartered in San Juan Capistrano, California.


EMMAUS LIFE: Sends Letter to FDA Assessing L-glutamine Benefits
---------------------------------------------------------------
Emmaus Life Sciences, Inc. sent a letter to the Food and Drug
Administration along with a paper titled "Assessing the benefit
from L-glutamine for treating sickle cell disease with respect to
the frequency of sickle cell crisis via the data from the Phase III
clinical trial GLUSCC09-01".  According to the paper, based on the
totality of evidence from my findings, L-glutamine has been
demonstrated in reducing the frequency of sickle cell crises
qualitatively and quantitatively.  A copy of the filing is
available for free at http://is.gd/llZ0E1

                         About Emmaus Life

Emmaus Life Sciences, Inc., is engaged in the discovery,
development, and commercialization of treatments and therapies
primarily for rare and orphan diseases.  This biopharmaceutical
company's headquarters is in Torrance, California.

Emmaus Life reported a net loss of $20.8 million on $500,700 of net
revenues for the year ended Dec. 31, 2014, compared to a net loss
of $14.06 million on $391,000 of net revenues for the year ended
Dec. 31, 2013.

As of March 31, 2015, the Company had $2.2 million in total assets,
$24.3 million in total liabilities and a $22.1 million total
stockholders' deficit.

KPMG LLP, in San Diego, California, issued a "going Concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014.  The independent auditors noted that the
Company has suffered recurring losses from operations, has
significant amounts of debt due within a year, and has a net
capital deficiency that raise substantial doubt about its ability
to continue as a going concern.


EZ MAILING SERVICE: Ask for Okay to Pay Critical Vendors
--------------------------------------------------------
The Hon. Stacey L. Meisel of the U.S. Bankruptcy Court for the
District of New Jersey entered an order authorizing EZ Mailing
Service, Inc., et al., to pay certain prepetition claims of these
key trucking vendors: (i) Kroger Logistics, Inc., (ii) Precise
Logistics Inc. and (iii) Universal Dynasty.

The Debtors seek entry of an order authorizing the Debtors to pay
the prepetition claims of the Critical Vendors, which support the
Debtors' ability to carry out their day-to-day operations.  As of
Jan. 12, 2016, the Debtors' books reflect that on account of
prepetition services rendered for the benefit of the Debtors: (i)
Kroger Logistics is owed $142,532.45; (ii) Precise Logistics is
owed $118,600; and (iii) Universal Dynasty is owed $505,650.

The Debtors believe that if the motion is not granted, the Critical
Vendors will stop providing services to the Debtors on customary
trade terms, effectively reducing the amount of trade credit
available to the Debtors on a post-petition basis.  The Critical
Vendors are the only sources from which the Debtors can procure
specific services in certain geographic locations within a
timeframe and at a price that meet the requirements of the Debtors'
customers.

If a Critical Vendor refuses to supply services to the Debtors on
customary trade terms following payment of any portion of its
claim, or fails to comply with any trade agreement it entered into
with the Debtors, the Debtors may, in their discretion and
without further order of the Court, (i) terminate any trade
agreement between the Debtors and the Critical Vendor (if
applicable), and (ii) deem any payments made to the Critical Vendor
on account of its Critical Vendor Claim, whether pursuant to a
trade agreement or otherwise, to have been in payment of
then-outstanding post-petition claims of the Critical Vendor
without further order of the Court.

If the Debtors choose not to terminate a trade agreement
immediately upon a refusal by the participating Critical Vendor
party to provide goods and services in accordance with the trade
agreement, the Debtors will not be deemed to have waived the
ability to terminate the trade agreement.

Headquartered in Indianapolis, Indiana, EZ Mailing Service, Inc.,
(Bankr. S.D. Ind. Colo. Case No. 14-01639) filed for Chapter 11
bankruptcy protection on March 7, 2014, estimating its assets at
between $100,000 and $500,000 each, and its liabilities at between
$1 million to $10 million. Judge James M. Carr presides over the
case.

David R. Krebs, Esq., at Tucker, Hester, Baker & Krebs, LLC, serves
as the Company's bankruptcy counsel.

The petition was signed by Richard D. Jewett, president.

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


FEDERAL RESOURCES: Ch. 11 Trustee Wants Case Converted to Ch. 7
---------------------------------------------------------------
Duane H. Gillman, Chapter 11 Trustee for Federal Resources
Corporation, asks the Bankruptcy Court to convert the case to a
case under Chapter 7 of the Bankruptcy Code.

The Trustee submits that a liquidation process can be pursued as
effectively and for less cost in a chapter 7 case under the
direction of a trustee.

According to the Trustee, the Plan filed by the Debtors is a
liquidating plan as it proposes to auction Camp Bird's assets and
to have a "Liquidating Agent" to distribute the sale proceeds, any
sums that may be recovered from litigation initiated by the
Debtors, and any other amounts the Liquidating Agent might recover.
There are no alternative plans to the liquidation of the assets of
the Debtors estate that would serve for the best interests of
creditors and the estate than to convert the case, the Trustee
added.

Chapter 11 Trustee Duane H. Gillman is represented by:

     Duane H. Gillman, Esq.
     Penrod W. Keith, Esq.
     DURHAM JONES & PINEGAR
     PO Box 4050
     Salt Lake City, UT 84110
     Telephone: (801) 415-3000
     Facsimile: (801) 415-3500
     Email: dgillgan@djplaw.com
            pkeith@djplaw.com

        About Federal Resources

Federal Resources Corporation is a Nevada Corporation that was
formed in 1960 as a result of a merger between Radorock Resources,
Inc., and Federal Uranium Corporation.  Federal currently has only
two assets: (1) 100% of the stock of Camp Bird, a Colorado
corporation and (2) 100% interest in a Madawaska Mines Limited, a
Canadian corporation doing business in Ontario Canada.

Camp Bird Colorado, Inc.'s principal assets consist of patented
gold mining claims and related land located in Ouray, Colorado.
Camp Bird also is the sole owner of Camp Bird Tunnel, Mining and
Transportation Company ("CTMT"), which owns various water and
tunnel rights used and associated with the Camp Bird properties.

Madawaska Mines owns a 5l% interest in a joint venture, which holds
the Madawaska Mine near Bancroft, Ontario.

Scott A. Butters is the President and CEO.  Bentley J. Blum is the
controlling shareholder of FRC.

Federal Resources Corporation, along with subsidiary Camp Bird
Colorado, sought Chapter 11 bankruptcy protection (Bankr. D. Utah
Case No. 14-33427 and 14-33428) in Salt Lake City on Dec. 29, 2014,
with plans to sell subsidiary Camp Bird's gold mine in Ouray,
Colorado to pay off creditors.  The petitions were signed by Scott
A. Butters, president and director.

The Debtors are represented by David E. Leta, Esq., at Snell &
Wilmer, in Salt Lake City.

Federal and Camp Bird each estimated $10 million to $50 million in
asset and debt.

The Chapter 11 cases and any associated open adversary proceedings
are assigned to Judge Kevin R. Anderson.

          *     *     *

On March 27, 2015, the Debtors filed their joint plan of
liquidation and accompanying disclosure statement.  The Plan
contemplates the establishment of a liquidating trust and the
appointment of an independent liquidating agent to sell the
Debtors' assets.

In November 2015, the Debtors won approval for bid procedures for
Sale of Camp Bird Colorado's mining equipment.  Richard Ciardo, the
stalking horse bidder, purchased the equipment for $87,000.

On Nov. 6, 2015, the Court entered an order extending the exclusive
time period within which the Debtors may solicit acceptances to
their Plan pursuant to 11 U.S.C. Sec. 1121(d) up to and including
Feb. 29, 2016.

On Jan. 28, 2016, the bankruptcy judge entered an order granting
Caldera's motion for the immediate appointment of a Chapter 11
trustee in the Debtors' Chapter 11 cases.


FELD LIMITED: Meeting of Creditors Scheduled for March 8
--------------------------------------------------------
The U.S. Trustee for Region 11 will convene on March 8, 2016, at
1:00 p.m., a meeting of creditors in the Chapter 11 case of Feld
Limited Partnership.  The meeting will be held at Green Bay State
Office Building, Room 152B, 200 N. Jefferson Street, Green Bay,
Wisconsin.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

              About Feld Limited Partnership

Feld Limited Partnership, engaged in the business of leasing and
managing real properties in the Madison and Green Bay areas, filed
a Chapter 11 bankruptcy petition (Bank. E.D. Wisc. Case No.
16-20826) on Feb. 3, 2016.  Dennis J. Feld signed the petition as
general partner.  The Debtor disclosed total assets of $15.17
million and total debts of $7.50 million.  Steinhilber, Swanson,
Mares, Marone & McDermott serves as the Debtor's counsel.


FERGUSON CITY: Moody's Puts Ba2 Rating on 2011 Bonds on Review
--------------------------------------------------------------
Moody's Investors Service has placed under review for possible
downgrade the City of Ferguson, MO's general obligation Ba2 rating
on Series 2011 bonds, as well as Ba3 and B1 ratings on Series 2013
and Series 2012 certificates of participation, respectively.

The city has $6.7 million outstanding on the Series 2011 GO bonds,
$8.4 million on the Series 2013 certificates of participation and
$1.5 million on the Series 2012 certificates of participation.

                     Summary Rating Rationale

The placement of the city's ratings under review reflects the
uncertainty of the potential financial impact of litigation costs
from the recently filed Department of Justice (DOJ) lawsuit and the
cost of implementing the proposed DOJ consent decree.  Moody's
believes fiscal ramifications from these items will be significant
and could result in insolvency.  During the review period, Moody's
expects to obtain additional detail on the city's current financial
position, near and medium term cash flow projections, as well as
financial strategies for addressing the consent decree-related
costs.  The review will also incorporate the outcome of two ballot
proposals in the upcoming April election, which would increase the
city's ad valorem taxes and introduce a new economic development
sales tax.  Without this information, Moody's could withdraw the
ratings for lack of information.

Factors that Could Lead to an Upgrade/Confirmation

  Restoration of balanced operations and rebuilding of reserves

  Detailed financial plan to address significant costs associated
   with the DOJ consent decree and litigation expenses

Factors that Could Lead to a Downgrade

  Any further financial deterioration beyond what the city
   budgeted for fiscal 2016

  Failure to institute measures to balance the city's budget for
   fiscal 2017

  Substantial financial liability stemming from litigation or the
   pending consent decree

  Deterioration of local economic conditions that result in
   further revenue declines

  Indications of any intent to default on debt or seek to
   restructure obligations through Chapter 9 protection

                           Legal Security

The general obligation bonds are payable from taxes levied without
limitation as to rate or amount.  The certificates of participation
are payable from any legally available sources, subject to annual
appropriation.

Use of Proceeds. N/A

Obligor Profile. The city is located within St. Louis County (Aaa
stable), approximately 13 miles northwest of downtown St. Louis (A1
stable).


FIRST QUANTUM: S&P Lowers CCR to 'B-', Outlook Negative
-------------------------------------------------------
Standard & Poor's Ratings Services lowered its long-term corporate
credit on Canada-based copper miner First Quantum Minerals Ltd
(FQM) to 'B-' from 'B'.  The outlook is negative.

At the same time, S&P lowered its issue ratings on FQM's debt to
'B-' from 'B'.

The downgrade follows the steep drop in copper prices in 2015 and
2016, and the impact this is having on FQM's credit metrics.  S&P
now forecasts that leverage will be very high, with Standard &
Poor's-adjusted debt to EBITDA at about 7.0x in 2016 and 6.0x in
2017, after 6.8x in 2015.  S&P also projects funds from operations
(FFO) to debt at below 10% in 2016 and 2017 compared with 5% in
2015, as well as sizable negative free operating cash flow, given
FQM's continued growth investments.

S&P also factors in the operational and country risks associated
with FQM's operations, particularly in Zambia.  These led the
company to revise downward its production guidance for the Sentinel
plant last week and have tightened the headroom under key bank loan
covenants, which, in S&P's view, puts pressure on liquidity.
Offsetting these negatives are the commissioning of the Kansanshi
smelter and Sentinel processing plant, and liquidity provided under
the Franco-Nevada precious metal stream agreement.

These assumptions underpin S&P's base-case forecast:

   -- A copper price of $4,600/ton in 2016 and $4,850/ton in 2017;

   -- Nickel price of $9,000/ton in 2016 and $10,500/ton in 2017;
   -- Production, cash costs, and capital expenditure in line with

      FQM's public guidance; and
   -- Token dividend payouts.

As part of S&P's adjustment to gross reported debt, it includes
asset-retirement obligations and a deposit outstanding under the
Franco Nevada precious metal stream agreement.

The negative outlook reflects the possibility of a downgrade over
the next 12 months if FQM's liquidity weakens further or if the
amount of negative free operating cash flow is greater than S&P's
base-case forecast.  S&P expects adjusted debt to EBITDA will
gradually reduce to about 6x over the coming one to two years,
which S&P sees as commensurate with the current rating.

S&P will lower its ratings on FQM if one or more of these
materializes:

   -- Delays in getting covenant waivers from banks;
   -- Execution issues and lower contributions than we currently
      envisage from the group's new projects;
   -- A further decline in our copper price assumptions; or
   -- Higher taxes in Zambia.

S&P could revise the outlook to stable if FQM's liquidity position
strengthens, with adequate headroom to manage volatility in copper
prices and potential operational setbacks that lead to
lower-than-expected production.  This could result from asset
disposals and/or renegotiation of bank loan covenants.


FUTUREWORLD CORP: Union Capital Reports 9.98% Equity Stake
----------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Union Capital, LLC disclosed that as of Feb. 11, 2016,
it beneficially owns 254,726,000 shares of common stock of
FutureWorld Corp. representing 9.98% (based on the total of
2,552,363,397 outstanding shares of Common Stock).  A copy of the
regulatory filing is available for free at http://is.gd/h2fGaJ

                    About Futureworld Corp.

Saint Petersburg, Florida-based FutureWorld Corp. (FWDG) is a
provider of technologies and solutions to the global cannabis
industry.  FutureWorld, together with its subsidiaries, is focused
on the identification, acquisition, development, and
commercialization of cannabis related products and services, like
industrial hemp.

For the year ended March 31, 2015, the Company reported a net loss
of $1.40 million compared to a net loss of $156,319 for the year
ended March 31, 2014.

For the year ended March 31, 2015, the Company incurred a net loss
of $1,405,156.  As of March 31, 2015, the Company had a working
capital of $3,715 and $3,715 in cash with which to satisfy any
future cash requirements.  These, according to the Company,
conditions raise substantial doubt about its ability to continue as
a going concern.

As of Sept. 30, 2015, Futureworld had $34.95 million in total
assets, $1.84 million in total liabilities and $33.44 million in
total stockholders' equity.


GENESYS RESEARCH: Gets Court Approval to Hire IP Counsel
--------------------------------------------------------
Genesys Research Institute's bankruptcy trustee received approval
from U.S. Bankruptcy Judge Joan Feeney to hire Cermak Nakajima &
McGowan LLP as his special counsel.

Harold Murphy, the court-appointed trustee, tapped the firm to
provide legal advice on the creation and protection of the research
institute's intellectual property rights prior pending a potential
sale of those rights.

Cermak will be compensated based upon its normal and usual hourly
billing rates and will receive reimbursement for work-related
expenses.

Adam Cermak, Esq., a partner at Cermak, disclosed in a court filing
that the firm does not hold or represent any interest adverse to
Genesys Research.

The bankruptcy trustee earlier hired Hoffman Alvary & Company LLC
as intellectual property broker to assist him in the sale of the
research institute's intellectual property portfolio and other
assets.

Hoffman agreed to market the assets in return for a commission
equal to 2% of the total gross proceeds generated from the sale,
according to court filings.

Cermak Nakajima can be reached through:

     Adam Cermak
     Cermak Nakajima & McGowan LLP
     127 S. Peyton Street, Suite 200
     Alexandria, Virginia 22314
     Phone: (703) 717-9351
     Email: acermak@cnmiplaw.com

                     About Genesys Research

GeneSys Research Institute, Inc. filed a Chapter 11 bankruptcy
petition (Bankr. D. Mass Case No. 15-12794) on July 14, 2015.  The
petition was signed by Robert Stemple, clerk and treasurer.  Parker
& Associates serves as the Debtor's counsel.  The Debtor estimated
assets of $10 million to $50 million and liabilities of at least $1
million.  The case is assigned to Judge Joan N. Feeney.


GENIUS BRANDS: Conference Call Held to Discuss Sony Agreement
-------------------------------------------------------------
Genius Brands International, Inc. held a telephonic conference call
on Feb. 23, 2016, to discuss the Company's previously announced
distribution agreement with Sony Pictures Home Entertainment Inc.


Genius Brands issued a joint press release with Sony announcing a
10-year agreement between the two companies.

"It's a transformational deal for Genius Brands, which we
anticipate will generate significant revenue earnings across our
key business sectors for years to come," said Andy Heyward,
Chairman and CEO of Genius.

A copy of the transcript of the conference call is available for
free at http://is.gd/ROEuUM

                     About Genius Brands

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

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

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


GLOBALSTAR INC: Posts $72.3 Million Net Income for 2015
-------------------------------------------------------
Globalstar, Inc., filed with the Securities and Exchange Commission
its annual report on Form 10-K disclosing net income of $72.3
million on $90.5 million of total revenue for the year ended
Dec. 31, 2015, compared to a net loss of $463 million on $90.1
million of total revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Globalstar had $1.23 billion in total assets,
$996 million in total liabilities and $237 million in total
stockholders' equity.

"Our current sources of liquidity include cash on hand ($7.5
million at December 31, 2015), future cash flows from operations,
and funds available from our common stock purchase agreement with
Terrapin Opportunity, L.P. ("Terrapin") ($60.0 million at December
31, 2015).  Our business plan assumes that Terrapin will provide
all of these funds.  We anticipate that we will draw the remaining
amounts available under the Terrapin agreement to achieve
compliance with our financial covenants under our Facility
Agreement.  If Terrapin is unable or fails to fulfill its
commitment under this financial arrangement, or we fail to satisfy
the conditions that permit us to draw these funds, it could
materially and negatively impact our cash and liquidity, and our
ability to continue to execute our business plan will be adversely
affected," the Company stated in the report.

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

                     http://is.gd/peO6lN

                    About Globalstar, Inc.

Globalstar is a leading provider of mobile satellite voice and
data services.  Globalstar offers these services to commercial and
recreational users in more than 120 countries around the world.
The company's products include mobile and fixed satellite
telephones, simplex and duplex satellite data modems and flexible
service packages.  Many land based and maritime industries benefit
from Globalstar with increased productivity from remote areas
beyond cellular and landline service.  Globalstar customer
segments include: oil and gas, government, mining, forestry,
commercial fishing, utilities, military, transportation, heavy
construction, emergency preparedness, and business continuity as
well as individual recreational users.  Globalstar data solutions
are ideal for various asset and personal tracking, data monitoring
and SCADA applications.


HALCON RESOURCES: Announces Q4 and Full Year 2015 Results
---------------------------------------------------------
Halcon Resources Corporation reported a net loss available to
common stockholders of $424,712 on $116,121 of total operating
revenues for the three months ended Dec. 31, 2015, compared to net
income available to common stockholders of $247,345 on $239,459 of
total operating revenues for the three months ended Dec. 31, 2014.

For the year ended Dec. 31, 2015, the Company reported a net loss
available to common stockholders of $2 million on $550,278 of total
operating revenues compared to net income available to common
stockholders of $282,942 on $1.14 million of total operating
revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $3.45 million in total assets,
$2.92 million in total liabilities, $183,986 in redeemable
noncontrolling interest and $52,414 in total stockholders' equity.

As of Dec. 31, 2015 Halcon's liquidity was approximately $789
million, which consisted of cash on hand plus undrawn capacity on
the Company's senior secured revolving credit facility with a $827
million borrowing base.  The Company is currently working with its
senior revolver lenders on its spring 2016 redetermination and
expects the borrowing base to be revised to between $650 million
and $700 million.

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

                       http://is.gd/TRtKXF

                      About Halcon Resources

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

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

                           *     *      *

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

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


HALCON RESOURCES: Swings to $2 Billion Net Loss in 2015
-------------------------------------------------------
Halcon Resources Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
available to common stockholders of $2 billion on $550.27 million
of total operating revenues for the year ended Dec. 31, 2015,
compared to net income available to common stockholders of $283
million on $1.14 billion of total operating revenues for the year
ended Dec. 31, 2014.

As of Dec. 31, 2015, Halcon Resources had $3.45 billion in total
assets, $3.22 billion in total liabilities, $184 million in
redeemable noncontrolling interest and $52.4 million in total
stockholders' equity.

"We are currently out of compliance with the New York Stock
Exchange's minimum share price requirement and are at risk of the
NYSE delisting our common stock, which could materially impair the
liquidity and value of our common stock," the Company stated in the
report.

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

                       http://is.gd/I9bDpt

                      About Halcon Resources

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

                           *     *      *

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

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


HANCOCK FABRICS: Resolves Objections to DIP Financing, Sale Motion
------------------------------------------------------------------
Vince Sullivan at Bankruptcy Law360 reported that an attorney for
Hancock Fabrics said "peace is breaking out" during a second-day
hearing on Feb. 22, 2016, Delaware as most objections dealing with
its $100 million debtor-in-possession financing and bid procedures
for its sale, which were granted final approval, had been resolved.
Stephen H. Warren of O'Melveny & Myers LLP, counsel for the
Debtors, said that negotiations helped streamline the retail
chain's bankruptcy proceedings as compromises have been reached
with landlords opposing the sale procedures for its more than
260 stores.

                        About Hancock Fabrics

Hancock Fabrics, Inc., is a specialty fabric retailer operating
stores under the name "Hancock Fabrics".  Hancock has 4,500
full-time and part time employees.  The Baldwyn, Mississippi-based
company is one of the largest fabric retailers in the United
States, operating 260 stores in 37 states as of October 31, 2015
and an internet store under the domain name
http://www.hancockfabrics.com/  

Hancock Fabrics, Inc. and six of its affiliates, retailer of
fabric, sewing and accessories, 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 jointly administered 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.


HEALTHWAREHOUSE.COM INC: Douglas Reports 11.9% Stake at Dec. 31
---------------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Mark Douglas Scott and Cormag Holdings, Ltd. reported
that as of Dec. 31, 2015, they beneficially own 4,480,861 shares of
common stock of HealthWarehouse.com, Inc. representing 11.9 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/AfCa02

                    About HealthWarehouse.com

HealthWarehouse.com, Inc., headquartered in Florence, Kentucky,
is a U.S. licensed virtual retail pharmacy ("VRP") and healthcare
e-commerce company that sells brand name and generic prescription
drugs as well as over-the-counter medical products.

Healthwarehouse.com reported a net loss attributable to common
stockholders of $2.08 million on $6.12 million of net sales for
the year ended Dec. 31, 2014, compared with a net loss attributable
to common stockholders of $7.3 million on $10.23 million of net
sales in 2013.

Marcum LLP, 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 significant losses and
needs to raise additional funds to meet its obligations and sustain
its operations.  These conditions raise substantial doubt about the
Company's ability to continue as a going concern.

As of Sept. 30, 2015, the Company had $1.06 million in total
assets, $4.78 million in total liabilities and total stockholders'
deficiency of $3.71 million.

                        Bankruptcy Warning

"The Company recognizes it will need to raise additional capital in
order to fund operations, meet its payment obligations and execute
its business plan.  There is no assurance that additional financing
will be available when needed or that management will be able to
obtain financing on terms acceptable to the Company and whether the
Company will become profitable and generate positive operating cash
flow.  If the Company is unable to raise sufficient additional
funds, it will have to develop and implement a plan to further
extend payables, attempt to extend note repayments, attempt to
negotiate the preferred stock redemption and reduce overhead until
sufficient additional capital is raised to support further
operations.  There can be no assurance that such a plan will be
successful.  If the Company is unable to obtain financing on a
timely basis, the Company could be forced to sell its assets,
discontinue its operation and /or seek reorganization under the
U.S. bankruptcy code," the Company states in its quarterly report
for the period ended Sept. 30, 2015.


HEBREW HOSPITAL: Trustee, Committee Object to Lapis DIP Facility
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of HHH Choices Health
Plan, LLC, and the United States Trustee for Region 2, oppose
Hebrew Hospital Senior Housing, Inc.'s motion to obtain
postpetition financing in the aggregate principal amount of $12.2
million from Millennium Trust Company, LLC, as lender.

The Committee complains that the primary purpose of the Lapis DIP
Facility is to pay off the Debtor's Pre-Petition Secured Debts --
$5,456,500 for M&T Bank, $3,521,096 for HHHW, and $477,600 for DIP
Interest and fees, DIP repayment.  In addition, the Committee
complains that the Lapis DIP Facility is not necessary for the
Debtor's continued operations especially since a relatively de
minimis amount of $245,000 is allocated to fund its operations and
even this small amount must be shared with "payment of the Interim
Closing fee, payment of any fee or tax due in connection with the
recording of the Mortgage, etc."  Accordingly, the proposed
financing should not be approved since it is apparent that the
purpose of the financing is to benefit a creditor rather than the
estate, the Committee asserts.

The U.S. Trustee alleges that the Debtor needs to show that it
requires credit since the DIP Financing Motion failed to provide
details about the Debtor's assets and liabilities.  The U.S.
Trustee reserves all rights, including the right to seek the
appointment of a Chapter 11 Trustee if the Debtor cannot make this
showing because it lacks adequate books and records.

The 1199SEIU National Benefit Fund for Health and Human Service
Employees, the 1199SEIU Health Care Employees Pension Fund, the
League/1199SEIU Training and Upgrading Fund, the 1199SEIU/Employer
Child Care Fund, the League/1199SEIU/Health Care Industry Job
Security Fund, the 1199SEIU National Benefit Fund for Home Care
Employees, the 1199SEIU Home Care Employees Pension Fund and the
1199SEIU Home Care Industry Education Fund join in the Committee's
objection.

William K. Harrington, United States Trustee for Region 2 is
represented by:

     Greg M. Zipes, Esq.
     Office of the United States Trustee
     201 Varick Street, Room 1006
     New York, New York 10014
     Telephone: (212) 510-0500
     Facsimile: (212) 668-2255

The Official Committee of Unsecured Creditors of HHH Choices Health
Plan, LLC is represented by:

     Martin G. Bunin, Esq.
     Craig E. Freeman, Esq.
     ALSTON & BIRD LLP
     90 Park Avenue
     New York, New York 10016
     Telephone: (212) 210-9400
     Facsimile: (212) 210-9444
     Email: Marty.Bunin@alston.com
            Craig.Freeman@alston.com

The 1199SEIU is represented by:

     Ryan J. Barbur, Esq.
     LEVY RATNER, P.C.
     80 Eighth Avenue, 8th Floor
     New York, NY 10011-5126
     Telephone: (212) 627-8100
     Facsimile: (212) 627-8182
     Email: rbarbur@levyratner.com

        About Hebrew Hospital

Hebrew Hospital Senior Housing Inc. sought for Chapter 11
bankruptcy protection (Bankr. S.D.N.Y. Case No. 15-13264) on  Dec.
9, 2015.  The petition was signed by Mary Frances Barrett as CEO.
Harter Secrest & Emery LLP represents the Debtor as counsel. The
Debtor has engaged RBC Capital Markets as its investment banker.
Judge Michael E. Wiles has been assigned the case.

The Debtor is engaged in the sponsorship and operation of a 120
unit continuing care retirement community.  CCRCs are senior adult
programs that offer independent living apartments, residential
amenities and long-term care services to senior adults.  The Debtor
generates the majority of its revenue from resident entrance fees
and monthly rents.


HILTON WORLDWIDE: Moody's Puts Ba3 CFR on Review for Upgrade
------------------------------------------------------------
Moody's Investors Service placed on review for upgrade the long
term ratings of Hilton Worldwide Finance, LLC, including its
Corporate Family of Ba3 and Probability of Default Rating of
Ba3-PD.  At the same time, Moody's affirmed Hilton's Speculative
Grade Liquidity rating at SGL-1.  The review for upgrade
acknowledges Hilton's continued solid operating performance and
Moody's view that its announced spin-off of its real estate and
timeshare businesses to shareholders is a credit positive.

The review will focus on the impact to Hilton's future earnings and
credit metrics of the announced spin-offs.  It will examine its go
forward mix of management/franchise versus owned/leased hotel
business and the impact to its size, scale, and operating margins.
The review will consider the amount of debt transferred into the
newly formed independent companies.  It will also consider Hilton's
go forward financial policies, including the potential for Hilton
to begin repurchasing shares, its dividend policy, and likelihood
for further debt repayment.

These ratings are placed on review for upgrade:

  Corporate Family Rating at Ba3
  Probability of Default Rating at Ba3-PD
  Senior secured bank credit facility at Ba2, LGD 3
  Senior unsecured notes at B2, LGD 5

This rating is affirmed:

  Speculative Grade Liquidity rating at SGL-1

Outlook Actions:

Issuer: Hilton Worldwide Finance, LLC
  Outlook, Changed To Rating Under Review From Positive

                         RATINGS RATIONALE

Moody's views Hilton's decision to spin-off its real estate and
timeshare business as a credit positive given the higher risk
associated with these two businesses.  Both the timeshare business
and real estate business are capital intensive and generate lower
margins than Hilton's management and franchise business.  In
addition, we view the owned/leased hotel business as being more
exposed to economic downturns given the high fixed costs associated
with owned/leased hotels which results in more earnings volatility
than compared to the management and franchise business. Moody's
estimates that the spin-offs will result in a sizable increase in
Hilton's operating margins, albeit its revenue base will be
significantly smaller.  Moody's anticipates that the securitized
debt will go with the newly formed time share company and that the
CMBS debt and mortgage debt associated with the properties going
into the newly formed REIT company will also go into the newly
formed REIT.

Hilton expects to elect REIT status for the newly formed real
estate company, which will include approximately 70 properties and
35,000 rooms (out of Hilton's current 145 properties that it
owns/leases).  Hilton expects the newly formed timeshare company to
manage nearly 50 club resorts in the US and Europe and have an
exclusive, long-term license agreement with Hilton to market, sell
and operate resorts under the Hilton Grand Vacations brand.

Hilton Worldwide Holdings Inc. is a leading hospitality company
with 4,600 managed, franchised, owned and leased hotels, resorts
and timeshare properties comprising 758,00 rooms in 100 countries
and territories.  Affiliates of The Blackstone Group L.P. own
approximately 46% of Hilton.  Annual net revenues (prior to the
spin-offs are over $7.1 billion).


HORSEHEAD HOLDING: Powers, FS Sperry Oppose $90-Mil. DIP Loan Bid
-----------------------------------------------------------------
Creditors Powers Coal & Coke and F.S. Sperry Co., Inc., object to
Horsehead Holding Corp.'s request for authority to obtain
postpetition financing in the maximum amount of $90,000,000.

Powers complains that the DIP Motion does not include an allowance
for administrative claims in the Carve Out or at least the DIP
Budget and as such, the superpriority administrative expense claims
granted to the DIP Lenders further displace Powers and other
similarly-situated creditors from recovering on account of their
administrative claims without such an allowance for administrative
claims.  Moreover, Powers is against the Debtors' proposal to
encumber the proceeds from any recoveries under Chapter 5 of the
Bankruptcy with the liens granted to secure the DIP Facility, for
such recoveries could be a crucial source of revenue to fund unpaid
administrative claims in the case.

According to FS Sperry, unless and until its position as a
mechanics lienholder is specifically protected, the Debtors' DIP
Motion should be denied for it seek to prime FS Sperry's existing
mechanics liens.  FS Sperry maintains valid mechanics liens on the
Debtors' Bartlett, Tennessee property in an amount no less than
$491,113 and no less than $231,059 as to the Mooresboro, North
Carolina property.  FS Sperry does not consent to the subordination
of its liens because its liens are protected by the safe harbor of
Section 546(b) of the Bankruptcy Code.

Powers Coal & Coke is represented by:

     Garvan F. McDaniel, Esq.
     HOGAN McDANIEL
     1311 Delaware Avenue
     Wilmington, DE 19806
     Telephone: (302) 656-7540
     Facsimile: (302) 656-7599
     Email: gfmcdaniel@dkhogan.com.com

     -- and --

     Kirk B. Burkley, Esq.
     Daniel R. Schimizzi, Esq.
     BERNSTEIN-BURKLEY, P.C.
     707 Grant Street
     Suite 2200 Gulf Tower
     Pittsburgh, PA 15219-1900
     Telephone: (412) 456-8100
     Facsimile: (412) 456-8135
     Email: kburkley@bernsteinlaw.com
            dschimizzi@bernsteinlaw.com

F.S. Sperry Co., Inc. is represented by:

     Brya M. Keilson, Esq.
     GELLERT SCALI BUSENKELL & BROWN, LLC
     1201 N. Orange Street, Suite 300
     Wilmington, DE 19801
     Telephone (302) 425-5800
     Facsimile: (302) 425-5814
     Email: bkeilson@gsbblaw.com

     -- and --

     N. Ward Lambert, Esq.
     Calvin T. Vick, Jr., Esq.
     HARPER, LAMBERT & BROWN
     420 E. Park Avenue, Ste 220
     Greenville, SC 29601
     Telephone: (864) 235-5535
     Facsimile: (864) 235-6866

        About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a leading recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC ("INMETCO"), a
leading recycler of metals-bearing wastes and a leading processor
of nickel-cadmium (NiCd) batteries in North America; and Zochem
Inc., a zinc oxide producer located in Brampton, Ontario.

Horsehead, headquartered in Pittsburgh, Pa., has seven facilities
throughout the U.S. and Canada.  The Debtors currently employ
approximately 730 full-time individuals.

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 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.


ICAGEN INC: Appoints Douglas Krafte Chief Scientific Officer
------------------------------------------------------------
Douglas Krafte, age 56, the chief scientific fficer of Icagen,
Inc.'s subsidiary Icagen Corp., was appointed to the position of
chief scientific officer for Icagen Inc. and its subsidiaries, as
disclosed in a Form 8-K report filed with the Securities and
Exchange Commission.

Benjamin Warner officially resigned as the Company's chief
scientific officer on Feb. 25, 2016.  Dr. Warner's resignation did
not involve any disagreement with the Company and he continues to
serve as a member of the Company's Board of Directors, and
continues to provide technical assistance to the Company under the
terms of his current employment agreement.  The resignation was the
result in part of the Company's transition of all of its operations
to Research Triangle Park, North Carolina and the closing of its
offices in Cambridge, Massachusetts and Los Alamos, New Mexico.

Dr. Krafte has held a variety of positions over 25 years within the
pharma/biotech sectors across multiple therapeutic areas most
recently until the acquisition in July 2015 of Icagen, Inc., the
subsidiary of Pfizer, Inc., as Executive Director & Site Head for
the US arm of Pfizer's Pain & Sensory Disorders Research Unit, as
well as positions at Aurora Biosciences, Boehringer Ingelheim and
Sterling Winthrop.  Over the years he has gained extensive
experience in managing and leading small molecule drug discovery
teams that have successfully advanced multiple molecules to the
clinic.  Dr. Krafte is an expert in drug discovery targeting ion
channel proteins.  Two of the most recent projects identified
clinical candidates that remain in clinical development with
Pfizer.  He was a member of the Leadership Team for Pain & Sensory
Disorders Unit reporting to the chief scientific officer and also
served on the Emerging Science Fund which evaluates a wide range of
asset and technology opportunities across all therapeutic and
platform areas at Pfizer.  Dr. Krafte has extensive experience in
managing drug discovery projects and teams, technology evaluation,
and due diligence from both the perspective of the buyer and
seller. He is currently a member of the Biophysical Society,
Society for Neuroscience, American Heart Association and Cardiac
Electrophysiology Society.  He serves as a mentor for the 4D
Strategic Initiative which advises Principal Investigators from the
University of North Carolina-Chapel Hill and affiliated partners in
drug, device and diagnostic development and commercialization.  Dr.
Krafte did his post-doctoral training at the California Institute
of Technology in Molecular Neurobiology and received his MS/PhD in
Physiology from the University of Rochester.

The Company has not entered into an employment agreement with Dr.
Krafte; however, in accordance with the terms of its acquisition of
the assets of the subsidiary of Pfizer, Inc., the Company has
agreed to continue to pay Dr. Krafte his current annual salary of
$251,600, together with health insurance payments, 401K
contributions and an annual incentive plan targets of 25% of his
base salary until June 30, 2017 as well as severance payments in
the event of his termination of employment.

                          About Icagen

Icagen, Inc., formerly known as XRpro Sciences, Inc., is a
biopharmaceutical company, focuses on the discovery, development,
and commercialization of orally-administered small molecule drugs
that modulate ion channel targets.  Its drug candidates include
ICA-105665, a small molecule compound that targets specific KCNQ
ion channels for the treatment of epilepsy and pain, which is in
Phase II clinical trial stage; and a compound that targets the
sodium channel Nav1.7 for the treatment of pain, which is in Phase
I clinical trial stage.

XRPro Sciences reported a net loss applicable to common stock of
$569,000 in 2014 following a net loss applicable to common stock of
$5.88 million in 2013.

As of Sept. 30, 2015, the Company had $18.2 million in total
assets, $14.3 million in total liabilities, $133,000 in convertible
redeemable preferred stock, and $3.78 million in total
stockholders' equity.


INTELLIPHARMACEUTICS INT'L: FDA OKs 500mg & 750mg Generic Keppra
----------------------------------------------------------------
Intellipharmaceutics International Inc. received final approval
from the U.S. Food and Drug Administration of the Company's
abbreviated new drug application for levetiracetam extended-release
tablets for the 500 mg and 750 mg strengths.  The Company's newly
approved product is a generic equivalent for the corresponding
strengths of the branded product Keppra XR sold in the United
States by UCB, Inc.

Dr. Isa Odidi, the CEO and a co-founder of Intellipharmaceutics,
stated, "FDA approval of our application for a generic version of
Keppra XR is an important milestone for the Company.  It is our
first approved product developed in house at Intellipharmaceutics
without the support or regulatory input of a development partner.
We believe that this approval of our generic Keppra XR product
represents a strong validation of our core drug development and
regulatory competence and our controlled-release delivery
technologies.  The approval, under the Generic Drug Fee User
Amendments of 2012, or GDUFA, fee regime at the FDA, is perhaps
also an indication that the FDA is making progress to clear its
backlog of ANDA drug candidates under review.  We regard it as
hopeful that some of the Company's other 8 ANDA candidates will be
accorded further attention soon.  We are actively exploring the
best approach to maximize our commercial returns from this new
approval."

Keppra XR, and the drug active levetiracetam, are indicated for use
in the treatment of partial onset seizures associated with
epilepsy.  According to Symphony Health Solutions, sales in the
United States for the 12 months ended December 2015 of the 500 mg
and 750 mg strengths of Keppra XR and all generic equivalents, were
approximately $168 million (TRx MBS Dollars, which represents
projected new and refilled prescriptions representing a
standardized dollar metric based on manufacturer's published
catalog or list prices to wholesalers, and does not represent
actual transaction prices and does not include prompt pay or other
discounts, rebates or reductions in price).  The Company is aware
that other generic versions of this product are currently available
in the market.  The Company said there can be no assurance that the
Company's levetiracetam extended-release tablets for the 500 mg and
750 mg strengths will be successfully commercialized.

                  About Intellipharmaceutics

Toronto, Canada-based Intellipharmaceutics International Inc. is
incorporated under the laws of Canada.  Intellipharmaceutics is a
pharmaceutical company specializing in the research, development
and manufacture of novel and generic controlled-release and
targeted-release oral solid dosage drugs.  Its patented
Hypermatrix(TM) technology is a multidimensional controlled-
release drug delivery platform that can be applied to the
efficient development of a wide range of existing and new
pharmaceuticals.  Based on this technology,
Intellipharmaceutics has a pipeline of product candidates in
various stages of development, including filings with the FDA in
therapeutic areas that include neurology, cardiovascular,
gastrointestinal tract, diabetes and pain.

Intellipharmaceutics reported a net loss of $3.85 million on $8.76
million of revenues for the year ended Nov. 30, 2014, compared with
a net loss of $11.5 million on $1.52 million of revenues for the
year ended Nov. 30, 2013.

As of Aug. 31, 2015, the Company had $6.21 million in total assets,
$3.87 million in total liabilities and $2.34 million in
shareholders' equity.

Deloitte LLP, in Toronto, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Nov. 30, 2014, citing that the Company's recurring losses
from operations and the accumulated deficit raise substantial doubt
about the Company's ability to continue as a going concern.


ISTAR INC: Incurs $52.7 Million Net Loss in 2015
------------------------------------------------
iStar Inc. filed with the Securities and Exchange Commission its
annual report on Form 10-K disclosing a net loss allocable to
common shareholders of $52.7 million on $515 million of total
revenues for the year ended Dec. 31, 2015, compared to a net loss
allocable to common shareholders of $33.7 million on $462 million
of total revenues for the year ended Dec. 31, 2014.

As of dec. 31, 2015, the Company had $5.62 billion in total assets,
$4.51 billion in total liabilities, $10.71 million in redeemable
noncontrolling interests, and $1.10 billion in total equity.

"Our success is generally dependent upon economic conditions in the
U.S., and in particular, the geographic areas in which our
investments are located.  Substantially all businesses, including
ours, were negatively affected by the previous economic recession
and resulting illiquidity and volatility in the credit and
commercial real estate markets.  The commercial real estate and
credit markets remain volatile and it is not possible for us to
predict whether these trends will continue in the future or
quantify the impact of these or other trends on our financial
results.  Deterioration in economic trends could have a material
adverse effect on our financial performance, liquidity and our
ability to meet our debt obligations."

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

                       http://is.gd/5QgnNQ

                        About iStar Inc.

New York-based iStar Inc., formerly known as iStar Financial Inc.
(NYSE: SFI) provides custom-tailored investment capital to high-end
private and corporate owners of real estate, including senior and
mezzanine real estate debt, senior and mezzanine corporate capital,
as well as corporate net lease financing and equity.  The Company,
which is taxed as a real estate investment trust, provides
innovative and value added financing solutions to its customers.

                            *     *     *

As reported by the TCR on June 26, 2014, Fitch Ratings had
affirmed the Issuer Default Rating (IDR) of iStar Financial
at 'B'.  The 'B' IDR is driven by improvements in the company's
leverage, continued demonstrated access to the capital markets and
new sources of growth capital and material reductions in non-
performing loans (NPLs).

As reported by the TCR on Oct. 5, 2012, Standard & Poor's Ratings
Services affirmed its 'B+' long-term issuer credit rating on iStar
Financial.

In October 2012, Moody's Investors Service upgraded the corporate
family rating to 'B2' from 'B3'.  The current rating reflects the
REIT's success in extending near term debt maturities and
improving fundamentals in commercial real estate.  The ratings on
the October 2012 senior secured credit facility takes into account
the asset coverage, the size and quality of the collateral pool,
and the term of facility.


J.C. PENNEY: Moody's Raises CFR to B3, Outlook Remains Positive
---------------------------------------------------------------
Moody's Investors Service upgraded J.C. Penney Company, Inc.'s
Corporate Family Rating to B3 from Caa1.  Moody's also affirmed the
company's Speculative Grade Liquidity rating at SGL-1.  The rating
outlook remains positive.

The upgrade of J.C. Penney's ratings reflect the company's strong
fiscal 2015 performance with EBITDA (as defined by JC Penney)
rising to $715 million reflecting successful execution of the
company's initiatives.  While Moody's acknowledges the company had
easier comparisons than most of its peers, its ability to exceed
its initial operating plans for 2015 support that its actions are
gaining traction and market share is recovering.  Moody's believes
the company can continue to make progress to improve sales and
operating margins through further improvements in merchandising,
sourcing and operations.  At the same time we recognize the market
environment for department stores remains challenging, given soft
trends in apparel spending, weak mall traffic, and continued market
share gains by off-price retailers.

Upgrades:

Issuer: Penney (J.C.) Company, Inc.

  Corporate Family Rating, Upgraded to B3 from Caa1
  Probability of Default Rating, Upgraded to B3-PD from Caa1-PD

Issuer: Penney (J.C.) Corporation, Inc.

  Senior Secured Term Loan, Upgraded to B1(LGD2) from B2(LGD2)
  Senior Secured ABL Revolving Credit Facility, Upgraded to
   Ba3(LGD2) from B1(LGD2)

Outlook Actions:

Issuer: Penney (J.C.) Company, Inc.

  Outlook, Maintained at Positive

Issuer: Penney (J.C.) Corporation, Inc.

  Outlook, Maintained at Positive

Affirmations:

Issuer: Penney (J.C.) Company, Inc.

  Speculative Grade Liquidity Rating, Affirmed SGL-1

Issuer: Penney (J.C.) Corporation, Inc.

  Senior Unsecured Medium-Term Note Program, Affirmed (P)Caa2
  Senior Unsecured Regular Bond/Debenture , Affirmed Caa2(LGD5)
  Senior Unsecured Shelf, Affirmed (P)Caa2

                         RATINGS RATIONALE

J.C. Penney's B3 Corporate Family Rating reflects the company's
high leverage and weak interest coverage.  Debt/EBITDA is estimated
to be around 6.8 times as of year-end 2015 and EBITDA-Cap
Ex/Interest Expense is around 0.9 times.  The rating is supported
by the company's solid liquidity profile with total liquidity of
approximately $2.5 billion ($900 million of cash and $1.6 billion
of undrawn revolving credit commitments as of
Jan. 30, 2016) and Moody's expects the company will continue to
generate positive free cash flow over the next 12 to 18 months.
Moody's believes the company still has room to recover market share
lost under previous management's failed business strategies and
ongoing merchandising and operational efficiencies will also help
the company boost margins over time.  The ratings also consider the
structural challenges facing the Department Store segment which
include market share losses to off-price retailers, weak mall
traffic, and the cost of investments associated with managing
consumer preferences for online shopping.

The positive rating outlook considers our view that JC Penney's
credit metrics could continue to improve as earnings recover and
the company uses free cash flow to continue to reduce debt balances
over time.

Ratings could be upgraded if the company maintains continued growth
in operating earnings indicating its business initiatives continue
to succeed.  Quantitatively ratings could be upgraded if
debt/EBITDA approached 5.5 times and EBITDA-Cap Ex/Interest Expense
was above 1.5 times.

Quantitatively ratings could be downgraded if credit metrics were
to weaken such that debt/EBITDA exceeded 7.25x, if free cash flow
were to turn negative, or if the company's strong liquidity profile
were to erode.

J.C. Penney Company, Inc. is the holding company of J.C. Penney
Corporation, Inc. J.C. Penney Corporation is a U.S. department
store operator with about 1,100 locations in the United States and
Puerto Rico.


J.C. PENNEY: S&P Puts 'CCC+' CCR on CreditWatch Positive
--------------------------------------------------------
Standard & Poor's Ratings Services placed its ratings on J.C.
Penney Co. Inc., including the 'CCC+' corporate credit rating, on
CreditWatch with positive implications.

"The CreditWatch placement follows the company's announcement of
its fourth-quarter results.  Net revenue rose 2.6%, same-store
sales rose 4.1%, gross margin improved 30 basis points to 34.1% %,
while selling, general, and administrative costs fell $70 million,"
said credit analyst Robert Schulz.  "As previously reported, for
the nine-week November to December holiday period, comparable-store
sales increased 3.9%, with a 7.6% increase over a two year period.
The company provided guidance for 2016, including further
improvement in most operating and financial metrics."

S&P expects to resolve the CreditWatch placement within the next 60
days, after evaluating the sustainability and trajectory of the
company's improved operating results and prospects for free cash
generation, in light of weak operating trends in much of the
department store space.


KENNETH LEONARD DYMMEL: Bank of America's $8K Claim Disallowed
--------------------------------------------------------------
In an Order dated February 10, 2016, which is available at
http://is.gd/fNdpojfrom Leagle.com, Judge Robert Kwan of the
United States Bankruptcy Court for the Central District of
California, Los Angeles Division, granted Kenneth Dymmel and Ruth
Dymmel's motion for disallowance Bank of America, N.A.'s Claim No.
10 in the amount of $8,151.

The case is In re: Kenneth Dymmel and Ruth Dymmel, Chapter 11,
Debtors, Case No. 2:15-bk-12558-RK (Bankr. C.D. Calif.).

Kenneth Leonard Dymmel, Debtor, is represented by Robert M Aronson,
Esq. -- Law Office of Robert M Aronson.

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


LA CASA DE LAS PUERTAS: Case Summary & 5 Unsecured Creditors
------------------------------------------------------------
Debtor: La Casa De Las Puertas, Inc.
        #80 Guayama St.
        Hato Rey, PR 00917

Case No.: 16-01444

Chapter 11 Petition Date: February 26, 2016

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Judge: Hon. Enrique S. Lamoutte Inclan

Debtor's Counsel: Nicolas A. Wong, Esq.
                  NICOLAS A. WONG LAW OFFICES
                  PO Box 361193
                  San Juan, PR 00936-1193
                  Tel: 787-370-0322
                  Email: lcdo.nwong@gmail.com

Total Assets: $865,000

Total Liabilities: $1.65 million

The petition was signed by Luis A. Tarrido Rosario, president.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/prb16-01444.pdf


LENNAR CORP: Moody's Assigns Ba2 Rating on New $300MM Notes
-----------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to Lennar
Corporation's proposed new $300 million to $500 million of
five-year senior unsecured notes, proceeds of which will be used to
repay at maturity the $250 million of 6.5% notes due in April 2016.
The balance will be used for general corporate purposes, which may
include additional debt repayment.  Lennar's Ba2 Corporate Family
Rating, Ba2-PD Probability of Default, Ba2 rating on the company's
existing issues of senior unsecured and convertible senior notes,
and speculative grade liquidity rating of SGL-1 are unchanged.  The
rating outlook is stable.

The stable outlook reflects Moody's expectation that Lennar's
adjusted debt leverage will trend towards that of a Ba2-rated
homebuilder within the next 12 to 18 months.

These rating actions were taken:

  Proposed new $300 million to $500 million of senior unsecured
   notes due 2021, assigned Ba2, LGD4;

  Corporate Family Rating, unchanged at Ba2;

  Probability of Default, unchanged at Ba2-PD;

  Existing senior unsecured notes, unchanged at Ba2, LGD4;

  Existing convertible senior notes, unchanged at Ba2, LGD4;

  Existing senior unsecured shelf registrations, unchanged at
  (P)Ba2;

  Speculative grade liquidity assessment, unchanged at SGL-1;
   Ratings outlook is stable.

                         RATINGS RATIONALE

The Ba2 corporate family rating reflects the company's healthy
gross margins that comp well to its homebuilding peer group; its
exceptionally strong earnings performance; the near elimination of
its formerly outsized recourse joint venture debt exposure; the
substantial tangible equity base; and its ability to generate
healthy order and backlog growth even when the macro statistics
might suggest otherwise.  In addition, the company has successfully
managed its investments in new asset classes that are different
from, albeit related to, more traditional homebuilding activities.

At the same time, Lennar's ratings incorporate an adjusted pro
forma homebuilding debt leverage of approximately 50% (assuming
that the new debt will be fully used to refinance existing notes)
as of November 30 that is elevated for a Ba2; the moderately long
land position; and its high proportion of speculative construction.
In addition, Lennar's propensity to invest in different asset
classes and structures compared to more traditional homebuilders
adds an element of further risk to the company's credit profile.
While these investments can and do generate solid returns and cash,
especially during growth periods, they can also result in sizable
write downs, considerable use of management time, and cash drains,
as the joint venture operations did during the recent downturn,
although these investments do not currently have much in the way of
recourse debt.

Lennar's liquidity is supported by its $893 million of unrestricted
homebuilding cash and $188 million of unrestricted cash at Rialto
at Nov. 30, 2015; by its expected generation of modestly positive
cash flow from operations; by its $1.4 billion committed senior
unsecured revolving credit facility due in June 2019 that is
undrawn, and substantial headroom under its financial maintenance
covenants.  The revolving credit facility requires the company to
maintain compliance, as of Nov. 30, 2015, with minimum tangible net
worth of $2.6 billion, maximum net debt leverage of 65.0%, and
either a minimum 1.0x liquidity coverage of last 12 months'
interest incurred or a trailing 12 months interest coverage of
1.5x.  Actual results under the covenant in that time period were
$4.5 billion of tangible net worth, 44.4% for net debt leverage,
and 3.19x for the liquidity test.

The ratings could benefit if the company continues to generate
positive and growing net income, resumes growing its free cash flow
on a consistent basis, continues to strengthen its liquidity, and,
most importantly, drives its adjusted debt leverage nicely below
the 45% level.  In addition, Moody's would need to feel confident
that Lennar remained committed to its "soft pivot" land strategy
and would handle any investment in a brand new asset class or risky
venture with financial discipline.

The outlook and/or ratings could come under pressure if the
economic backdrop suddenly and significantly takes a turn for the
worse; the company begins generating negative net income;
impairments were again to rise materially; the company were to
experience even sharper-than-expected reductions in its trailing
12-month free cash flow generation; adjusted debt leverage were to
exceed 55% on a sustained basis; and/or liquidity were to be
materially impaired.

The principal methodology used in this rating was Homebuilding and
Property Development Industry published in April 2015.

Founded in 1954 and headquartered in Miami, Florida, Lennar
Corporation is one of the country's largest homebuilders.  The
company operates in 17 states and specializes in the sale of
single-family homes for first-time, move-up, and active adult
buyers under the Lennar brand name.  Lennar's Financial Services
segment provides mortgage financing, title insurance and closing
services for both buyers of the company's homes and others.
Lennar's Rialto segment is a vertically integrated asset management
platform focused on investing throughout the commercial real estate
capital structure.  Lennar's Multifamily segment is a national
developer of multifamily rental properties.  Total homebuilding
revenues for the twelve months ending Nov. 30, 2015, were
approximately $8.4 billion, and consolidated pretax income,
including those of its Rialto, Multi-family, and Financial Services
segments, was $1.2 billion.



LENNAR CORP: S&P Assigns 'BB' Rating on New Sr. Unsecured Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it has assigned its
'BB' issue-level rating to Miami-based homebuilder Lennar Corp.'s
proposed senior unsecured notes due 2021.  The recovery rating is
'3', indicating S&P's expectation of meaningful (50% to 70%)
recovery in the event of default.  S&P's recovery expectations are
in the higher half of the 50% to 70% range.  The company will use
the proceeds for general corporate purposes, including the
repayment of debt, which may include the repayment or repurchase of
its 6.5% senior notes due 2016 in full or in part.

The 'BB' corporate credit rating and stable outlook on Lennar Corp.
are unchanged and reflect S&P's view of the company's fair business
risk profile and significant financial risk profile.  S&P's
business risk assessment reflects this homebuilders' national scale
and geographically diversified operations across a number of
relatively attractive regional homebuilding markets.  The company
has been gaining market share and has benefited from significantly
improved volume and selling prices (net of incentives), which have
more than offset higher building costs. Lennar's significant
financial risk profile is based on the company's credit measures,
including leverage and interest coverage ratios of 3.5x and 5x,
respectively, which S&P expects to remain within the significant
range or better over the next 12 months.

Ratings List

Lennar Corp.
Corporate Credit Rating                   BB/Stable/--

New Rating

Lennar Corp.
Proposed sr unsd notes due 2021           BB
  Recovery Rating                          3H


LEVEL 3: Posts $3.43 Billion Net Income for 2015
------------------------------------------------
Level 3 Communications, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing net
income of $3.43 billion on $8.22 billion of revenue for the year
ended Dec. 31, 2015, compared to net income of $314 million on
$6.77 billion of revenue for the year ended Dec. 31, 2014.  As of
Dec. 31, 2015, Level 3 had $24.14 billion in total assets, $14.01
billion in total liabilities and $10.12 million in total
stockholders' equity.  A full-text copy of the Form 10-K is
available for free at http://is.gd/nSHHW5

                   About Level 3 Communications

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

                           *     *     *

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

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

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

                            *   *    *

This concludes the Troubled Company Reporter's coverage of Level 3
Communications until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at a
level sufficient to warrant renewed coverage.


MADISON HOTEL: Case Summary & 18 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: Madison Hotel Apartments LLC
        13708 240th Ave SE
        Issaquah, WA 98027

Case No.: 16-10973

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: February 26, 2016

Court: United States Bankruptcy Court
       Western District of Washington (Seattle)

Judge: Hon. Timothy W. Dore

Debtor's Counsel: Matthew W. Anderson, Esq.
                  LAW OFFICES OF MATTHEW W. ANDERSON, PLLC
                  506 2nd Ave Ste 1400
                  Seattle, WA 98104
                  Tel: 206-812-9570
                  Fax: 888-293-0775
                  Email: manderson@mwa-law.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Andrew Steve Elliott, authorized
representative.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/wawb16-10973.pdf


MALIBU LIGHTING: Amends List of 20 Largest Unsecured Creditors
--------------------------------------------------------------
Malibu Lighting Corporation amended its list of creditors holding
20 largest unsecured claims to disclose the following:

   Name of Creditor             Nature of Claim   Amount of Claim
   ----------------             ---------------   ---------------
Shanghai Hailian Electric         Trade Debt        $6,346,110
Tools Co Ltd
N0.50 Caoli Road, Feng Jing
Town, Jinshan District
Shanghai, China

China King                        Trade Debt        $1,341,877
Ou Zhong Juan
He Feng He Shun Nanhai
Guangdong, PR China
528241
Tel: 0757-85118111
Fax: 0757-85111887
E-mail: chinakingrick@163.com

Zhejiang Era Solar D.              Trade Debt          $558,949
Technology
No. 888 Huangjiao Road
Huangyan, Taizhou
Zhejiang, 318020, China

Shanghai Yuanshun                  Trade Debt          $152,704

Sheppard, Mullin, Richter          Professional Fees    $80,959
& HA

Customs and Border Der             Trade Debt            $9,302
Protection

YRC Freight                        Freight               $7,216

Prate Industries                   Trade Debt            $5,047

EI Freight (USA), Inc.             Freight               $4,925

Harris Industrial                  Trade Debt            $4,449

TDC Power Products Co., Ltd.       Trade Debt            $3,520

Staples Office Supplies Dept Dal   Trade Debt            $2,780
       
Mcdermotf Will & Emery LLP         Professional Fees     $2,404

United Parcel Service              Freight               $2,284

UL VS Shanghai Ltd                 Trade Debt            $1,908

Triangle Service Company           Trade Debt            $1,868
of MS

CSA International                  Trade Debt            $1,220

Guangdong Scientific               Trade Debt              $342
Instrumen Materials Imp.

OHL-International                  Trade Debt              $300

Waste Management T                 Trade Debt              $279
of Kosciusko Hauling

On Oct. 13, the Debtors has also submitted amended consolidated
list of creditors holding 35 largest unsecured creditors.

Copies of the list are available for free at:

http://bankrupt.com/misc/MalibuLighting_80_Oct13A_creditors.pdf
http://bankrupt.com/misc/MalibuLighting_92_Oct16A_creditors.pdf

                       About Malibu Lighting

Malibu Lighting Corporation, Outdoor Direct Corporation, National
Consumer Outdoors Corporation, Beam Corporation, Smoke 'N Pit
Corporation, Treasure Sensor Corporation and Stubbs Collections
Inc. filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead
Case No. 15-12080) on Oct. 8, 2015.  The petitions were signed by
David M. Baker as chief restructuring officer.  Judge Kevin Gross
is assigned to the cases.

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

MLC was a manufacturer and supplier of outdoor and landscape
lighting products, such as solar and low voltage lights and home
security lights, including the parts and accessories associated
with these products.

ODC was a manufacturer and supplier of a variety of consumer goods,
including (a) outdoor cooking products, such as outdoor gas grills,
charcoal grills, smokers and fryers, (b) hand held lighting
products, such as flashlights and spotlights, (c) landscape
lighting products, and (d) parts and accessories associated with
the foregoing products.

MLC and ODC are currently winding down operations as a result of
the termination of a business relationship with principal customer,
Home Depot.

NCOC is a manufacturer and supplier of both branded and private
label pet bedding and pet accessory products.  NCOC manufactures
beds, accessories, and deodorizers for dogs as well as beds,
scratching posts, and toys for cats.  In addition, NCOC markets and
sells boat covers manufactured primarily from Chinese suppliers.

The Debtors engaged Pachulski Stang Ziehl & Jones LLP as counsel,
Piper Jaffray Co. as investment banker and Kurtzman Carson
Consultants as claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP as its counsel and Blank Rome LLP as its
Delaware co-counsel.  BDO USA, LLP, serves as its financial
advisors.


MALIBU LIGHTING: Blank Rome Okayed as Committee's Delaware Counsel
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors in the Chapter 11
cases of Malibu Lighting Corporation, et al., to retain Blank Rome
LLP as its Delaware co-counsel nunc pro tunc to Oct. 20, 2015.

As required by the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed Under 11 U.S.C.
Section 330 by Attorneys in Larger Chapter 11 Cases, Effective
November 1, 2013, the Committee responds to the questions set forth
in Section D.1 of the UST Guidelines as follows:

   (a) Blank Rome did not agree to a variation of its standard or
customary billing arrangement for this engagement;

   (b) none of the professionals included in the engagement have
varied their rate based on the geographic location of these Chapter
11 cases;

   (c) Blank Rome did not represent the Committee prior to the
Petition Date; and

   (d) the Committee's professionals have negotiated a budget with
the Debtors, their lenders and the Committee as part of the final
order approving the Debtors' debtor-in-possession financing.  The
Committee has approved  Blank Rome's proposed hourly billing rates
and staffing plan.  The Blank Rome attorneys and paraprofessionals
staffed on the cases, subject to modification depending upon
further development.

The Committee seeks the employment of Blank Rome to represent it as
Delaware co-counsel and perform services for the Committee in
connection with carrying out its fiduciary duties and
responsibilities under the Bankruptcy Code consistent with section
1103(c) and other provisions of the Bankruptcy Code.

The primary members of the Blank Rome engagement team for the
Committee, and their hourly rates are:

      Bonnie Glantz Fatell                   $865
      Victoria A. Guilfoyle                  $435
      Christopher A. Lewis                   $300

From time to time, other Blank Rome attorneys may be involved in
the cases as needed.  The ranges of Blank Rome's hourly rates as of
May 1, 2015, are:

      Partners                           $400 - $1,050
      Counsel                            $405 - $820
      Associates                         $280 - $565
      Paralegals                         $115 - $450

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

The firm may be reached at:

          Bonnie Glantz Fatell, Esq.
          Victoria A. Guilfoyle, Esq.
          Christopher A. Lewis, Esq.
          BLANK ROME LLP
          One Logan Square
          130 North 18th Street
          Philadelphia, PA 19103-6998
          Tel: (215) 569-5500
          Fax: (215) 569-5555
          Email: Fatell@BlankRome.com
                 Guilfoyle@BlankRome.com
                 Lewis@BlankRome.com
                       About Malibu Lighting

Malibu Lighting Corporation, Outdoor Direct Corporation, National
Consumer Outdoors Corporation, Beam Corporation, Smoke 'N Pit
Corporation, Treasure Sensor Corporation and Stubbs Collections
Inc. filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead
Case No. 15-12080) on Oct. 8, 2015.  The petitions were signed by
David M. Baker as chief restructuring officer.  Judge Kevin Gross
is assigned to the cases.

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

MLC was a manufacturer and supplier of outdoor and landscape
lighting products, such as solar and low voltage lights and home
security lights, including the parts and accessories associated
with these products.

ODC was a manufacturer and supplier of a variety of consumer goods,
including (a) outdoor cooking products, such as outdoor gas grills,
charcoal grills, smokers and fryers, (b) hand held lighting
products, such as flashlights and spotlights, (c) landscape
lighting products, and (d) parts and accessories associated with
the foregoing products.

MLC and ODC are currently winding down operations as a result of
the termination of a business relationship with principal customer,
Home Depot.

NCOC is a manufacturer and supplier of both branded and private
label pet bedding and pet accessory products.  NCOC manufactures
beds, accessories, and deodorizers for dogs as well as beds,
scratching posts, and toys for cats.  In addition, NCOC markets and
sells boat covers manufactured primarily from Chinese suppliers.

The Debtors engaged Pachulski Stang Ziehl & Jones LLP as counsel,
Piper Jaffray Co. as investment banker and Kurtzman Carson
Consultants as claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP as its counsel and Blank Rome LLP as its
Delaware co-counsel.  BDO USA, LLP, serves as its financial
advisors.


MALIBU LIGHTING: Great American Okayed as Auctioneers
-----------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Malibu Lighting Corporation, et al., to:

   (i) employ Great American Global Partners, LLC, as consultants
and auctioneers;

   (ii) assume certain consulting/auction agreement dated June 23,
2016, between the auctioneer and Outdoor Direct Corporation
(formerly  known as Dallas Manufacturing Company, Inc., and Malibu
Lighting Corporation;

  (iii) continue liquidation of obsolete inventory outside the
ordinary course of business including an auction of the inventory;
and

   (iv) abandon any unsold inventory.

The Debtors are in possession of certain obsolete inventory, like
discontinued models of barbeque grills, outdoor lighting fixtures,
camping gear, and related accessories, that they were unable to
sell in the ordinary course of their businesses.  Prior to the
Petition Date, the Debtors began the process of liquidating these
assets.

On June 23, 2015, the Debtors entered into the agreement by which
Great American agreed to provide consulting services with respect
to the management and disposition of the obsolete inventory.

Terms of agreement and proposed auction procedures are:

   a. Great American will continue to conduct an orderly
liquidation sale of the assets, and in connection therewith will,
inter alias

   i) lot, tag, photograph and catalogue the assets;
  ii) oversee and implement the liquidation and disposal of the
      assets from the Debtors' facilities;
iii) determine and implement appropriate marketing to effectively

      sell the assets during the sale term;
  iv) determine pricing of the Assets if sold prior to the
      auction; and
   v) oversee and implement execution of the sale, invoicing and
collection of proceeds from buyers, including calculation
and direct remittance of sales taxes to appropriate taxing
authorities;

   b. Great American guarantees that the proceeds of the sale will
be no less than $2,805,000 (the "Guaranteed Amount");

   c. Great American will be entitled to compensation in the
following manner: (1) after sufficient proceeds have been collected
from the sale to pay the Guaranteed Amount, Great American will be
entitled to reimbursement for sale expenses it reasonably incurs,
in an amount not to exceed $495,000; (2) Great American will be
entitled to 10% of any proceeds over $3,300,000; and (3) Great
American will be entitled to charge all purchasers a buyer's
premium of 18%, which will be added to the price of the assets and
will be paid by the buyers at the auction, and which will not be
considered gross proceeds and which will be retained
by Great American without further order pf the Court;

   d. Great American will remit all net Sale proceeds to a
segregated account on the Tuesday of each week following each sale,
and will provide the Debtors with an accounting of proceeds of the
sale for the prior week, and distribute sale proceeds from the
prior week to the Debtors;

   e. The Sale will be completed by March 31, 2016, unless
otherwise mutually agreed by the Debtors and Great American; and

   f. The assets will be sold "as is" and "where is" and without
any representations or warranties, express or implied.

Great American will among other things, supervise the auction and
sale of the Assets, determine pricing of the Assets, provide
accountings and reconciliations of sales, and perform other related
services as appropriate.  Great American has guaranteed a minimum
$2,805,000 of sale proceeds for the assets.  As compensation for
its services, Auctioneer will be entitled to a fee equal to 18% of
the "buyer's premiums" collected on sales of the assets and will
retain 10% of all sale proceeds realized in excess of $3,300,000
(the Guaranteed Amount plus the maximum Sale Expenses).  In
addition, once the minimum sale proceeds have been met, auctioneer
will be entitled to reimbursement of sale expenses, which are
capped at $495,000.

Due to the transactional nature of the services that Great American
provides, its professionals do not bill clients on an hourly basis
while performing such services.

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

                       About Malibu Lighting

Malibu Lighting Corporation, Outdoor Direct Corporation, National
Consumer Outdoors Corporation, Beam Corporation, Smoke 'N Pit
Corporation, Treasure Sensor Corporation and Stubbs Collections
Inc. filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Lead
Case No. 15-12080) on Oct. 8, 2015.  The petitions were signed by
David M. Baker as chief restructuring officer.  Judge Kevin Gross
is assigned to the cases.

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

MLC was a manufacturer and supplier of outdoor and landscape
lighting products, such as solar and low voltage lights and home
security lights, including the parts and accessories associated
with these products.

ODC was a manufacturer and supplier of a variety of consumer goods,
including (a) outdoor cooking products, such as outdoor gas grills,
charcoal grills, smokers and fryers, (b) hand held lighting
products, such as flashlights and spotlights, (c) landscape
lighting products, and (d) parts and accessories associated with
the foregoing products.

MLC and ODC are currently winding down operations as a result of
the termination of a business relationship with principal customer,
Home Depot.

NCOC is a manufacturer and supplier of both branded and private
label pet bedding and pet accessory products.  NCOC manufactures
beds, accessories, and deodorizers for dogs as well as beds,
scratching posts, and toys for cats.  In addition, NCOC markets
and
sells boat covers manufactured primarily from Chinese suppliers.

The Debtors engaged Pachulski Stang Ziehl & Jones LLP as counsel,
Piper Jaffray Co. as investment banker and Kurtzman Carson
Consultants as claims and noticing agent.

The Official Committee of Unsecured Creditors is represented by
Lowenstein Sandler LLP as its counsel and Blank Rome LLP as its
Delaware co-counsel.  BDO USA, LLP, serves as its financial
advisors.


MAUDORE MINERALS: Quebec Superior Court Extends CCAA Proceedings
----------------------------------------------------------------
Maudore Minerals Ltd. on Feb. 29 disclosed that the Superior Court
of Quebec has granted an order extending the relief obtained under
the Companies' Creditors Arrangement Act (the "CCAA") to
August 26, 2016.  The extension was supported by Deloitte
Restructuring Inc. (formerly Samson Belair/Deloitte & Touche Inc.),
which acts as monitor in the proceedings under the CCAA.

Maudore also confirms the resignation of Julie Godard, as Secretary
of the Corporation, effective as of November 4, 2015.

"We would like to thank Julie Godard for her faithful and constant
contribution since the inception of the Corporation," the Company
said.

                   About Maudore Minerals Ltd.

Maudore is a Quebec-based junior gold company with more than 13
exploration projects.  One of these projects is at an advanced
stage of development with reported current and historical resources
and mining.



MAUI LAND: Posts $6.81 Million Net Income for 2015
--------------------------------------------------
Maui Land & Pineapple Company, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing net
income of $6.81 million on $22.78 million of total operating
revenues for the year ended Dec. 31, 2015, compared to net income
of $17.63 million on $33.26 million of total operating revenues for
the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Maui Land had $46.59 million in total assets,
$57.53 million in total liabilities and a total stockholders'
deficiency of $10.93 million.

Accuity LLP, in Honolulu, Hawaii, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015.

                           Liquidity

The Company had outstanding borrowings under two credit facilities
totaling $40.6 million as of Dec. 31, 2015.  The Company has
pledged a significant portion of its real estate holdings as
security for borrowings under its credit facilities, limiting its
ability to borrow additional funds.  Both credit facilities mature
on Aug. 1, 2016.

Absent the sale of some of its real estate holdings, refinancing,
or extending the maturity date of its credit facilities, the
Company does not expect to be able to repay its outstanding
borrowings on the maturity date.

The credit facilities have covenants requiring among other things,
a minimum of $3 million in liquidity (as defined), a maximum of
$175 million in total liabilities, and a limitation on new
indebtedness.  The Company's ability to continue to borrow under
its credit facilities to fund its ongoing operations and meet its
commitments depends upon its ability to comply with its covenants.
If the Company fails to satisfy any of its loan covenants, each
lender may elect to accelerate its payment obligations under such
lender's credit agreement.

The Company's cash outlook for the next twelve months and its
ability to continue to meet its loan covenants is highly dependent
on selling certain real estate assets at acceptable prices. If the
Company is unable to meet its loan covenants, borrowings under its
credit facilities may become immediately due, and it would not have
sufficient liquidity to repay such outstanding borrowings.

The Company's credit facilities require that a portion of the
proceeds received from the sale of any real estate assets be repaid
toward its loans.  The amount of proceeds paid to its lenders will
reduce the net sale proceeds available for operating cash flow
purposes.

The aforementioned circumstances raise substantial doubt about the
Company's ability to continue as a going concern.

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

                     http://is.gd/ZpXiDN

                About Maui Land & Pineapple Co.

Maui Land & Pineapple Company, Inc. (NYSE: MLP) --
http://mauiland.com/-- develops, sells, and manages residential,  

resort, commercial, and industrial real estate.  The Company owns
approximately 23,000 acres of land on Maui and operates retail,
utility operations, and a nature preserve at the Kapalua Resort.
The Company's principal subsidiary is Kapalua Land Company, Ltd.,
the operator and developer of Kapalua Resort, a master-planned
community in West Maui.


MEDIASHIFT INC: Needs Until May 27 to File Plan
-----------------------------------------------
MediaShift, Inc., and Ad-Vantage Networks, Inc., ask the Bankruptcy
Court to extend the exclusivity period to file a plan of
reorganization to May 27, 2016, and the exclusive period to obtain
acceptance of the plan to July 26, 2016.

The Debtors assert that the claims bar date has recently passed on
Jan. 22, 2016, and they need additional time to analyze the extent
of certain claims to be treated under any plan.  The Debtors add
that they still need to close the recently approved sale at the
Jan. 27, 2016 hearing and, thereafter, evaluate the remaining
assets in order to formulate their respective disclosure statements
and plans.

MediaShift, Inc. and Ad-Vantage Networks, Inc. are represented by:

     Rod Bender, Esq.
     Todd M. Arnold, Esq.
     LEVENE, NEALE, BENDER, YOO & BRILL L.L.P.
     10250 Constellation Boulevard, Suite 1700
     Los Angeles, California 90067
     Telephone: (310) 229-1234
     Facsimile: (310) 229-1244
     Email: rb@lnbyb.com
            tma@lnbyb.com

        About MediaShift, Inc.

MediaShift, Inc. is a digital advertising technology company.  The
company, through its subsidiaries offers operators of private
internet networks to monetize their audiences through distributed
ad technology platforms and across multiple devices.

MediaShift, Inc., and Ad-Vantage Networks, Inc., filed Chapter 11
bankruptcy petitions (Bankr. C.D. Cal. Lead Case No. 15-25024) on
Sept. 30, 2015.  Rick Baran, the president, signed the petitions.
The Debtors estimated both assets and liabilities of $10 million to
$50 million.

The Debtors have engaged Levene, Neale, Bender, Yoo & Brill L.L.P,
as counsel; Houlihan Lokey Capital, Inc. as financial advisor and
investment banker.

Judge Sandra R. Klein is assigned to the cases.

The Office of the U.S. Trustee appointed four creditors to the
official committee of unsecured creditors.  Danning, Gill, Diamond
& Kollitz, LLP represents the committee.


MERRIMACK PHARMACEUTICALS: May Issue 4.06M Shares Under 2011 Plan
-----------------------------------------------------------------
Merrimack Pharmaceuticals, Inc., filed a Form S-8 registration
statement with the Securities and Exchange Commission to register
4,055,488 shares of common stock of the Company issuable under its
2011 Stock Incentive Plan.  A copy of the prospectus is available
for free at http://is.gd/yqiT6j

                          About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.

Merrimack reported a net loss of $147.78 million on $89.25 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $83.55 million on $102.75 million of total revenues for
the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Merrimack had $234.88 million in total assets,
$418.56 million in total liabilities, $239,000 in non-controlling
interest, and a $183.92 million in total stockholders' deficit.


MERRIMACK PHARMACEUTICALS: Reports $148-Mil. Net Loss for 2015
--------------------------------------------------------------
Merrimack Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $148 million on $89.3 million of total revenues for the
year ended Dec. 31, 2015, compared to a net loss of $83.6 million
on $103 million of total revenues for the year ended Dec. 31,
2014.

As of Dec. 31, 2015, Merrimack had $235 million in total assets,
$418.56 million in total liabilities, $239,000 in non-controlling
interest, and a $184 million in total stockholders' deficit.

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

                        http://is.gd/suJCMA

                          About Merrimack

Cambridge, Mass.-based Merrimack Pharmaceuticals, Inc., a
biopharmaceutical company discovering, developing and preparing to
commercialize innovative medicines consisting of novel
therapeutics paired with companion diagnostics.  The Company's
initial focus is in the field of oncology.  The Company has five
programs in clinical development.  In it most advanced program,
the Company is conducting a pivotal Phase 3 clinical trial.


MIDWAY GOLD: Extends Sale Milestones by Two Weeks
-------------------------------------------------
BankruptcyData reported that Midway Gold filed with the U.S.
Bankruptcy Court a second notice of extension of certain sale
milestone deadlines under the final cash collateral order.

The notice states that the Debtors have received several offers to
conduct a sale transaction and have been diligently evaluating
them.  The Debtors require additional time to complete their
evaluation, determine which offer or offers is highest and best and
will maximize value and conduct discussions regarding a potential
stalking horse agreement.  To this end, the Debtors have obtained
the agreement of the senior agent under their credit facility to
further extend each of the sale milestones by approximately two
weeks.  If the Debtors determine to pursue a 363 Sale, the Debtors
will:

     (i) file a Bid Procedures and Sale Motion, in form and
substance reasonably acceptable to the Senior Agent, on or before
March 7, 2016, which will among other things, (A) set a timetable
for the sale of the Debtors' assets, (B) set a deadline by which
prospective bidders must submit a written bid with a deposit on or
before April 1, 2016, (C) provide that the Debtors will deliver to
the Senior Agent copies of all bids received, (D) set guidelines
for determining 'qualified bidders' and 'qualified bid' and (E)
schedule an auction of the Debtors' assets on or before April 8,
2016 if at least one qualified bid is received, and

    (ii) consummate a sale of substantially all of the Debtors'
assets or equity on or before April 15, 2016."

                       About Midway Gold

Midway Gold Corp., incorporated on May 14, 1996 under the laws of
the Province of British Columbia, Canada, is engaged in the
acquisition, exploration and development of mineral properties
located in the state of Nevada and Washington.

Midway Gold operates primarily through its wholly-owned subsidiary
located in the United States, Midway Gold US Inc.  The executive
offices are in Englewood, Colorado.  Midway US currently has one
gold producing property: the Pan gold mine located in White Pine
County, Nevada.  Midway also has gold properties which are
exploratory stage projects where gold mineralization has been
identified, such as the Tonopah project in Nye County, Nevada, the
Gold Rock project in White Pine County, Nevada, and the Golden
Eagle project in Ferry County, Washington.  Out of these projects,
a permitting process has been undertaken only for the Gold Rock
project.  Finally, Midway's Spring Valley property, another gold
property located in Pershing County, Nevada, is subject to a joint
venture with Barrick Gold Exploration Inc.

On June 22, 2015, Midway Gold US Inc. and 12 related entities,
including parent Midway Gold Corp. each filed a petition in the
U.S. Bankruptcy Court for the District of Colorado seeking relief
under Chapter 11 of the U.S. Bankruptcy Code.  The Debtors' cases
have been assigned to Judge Michael E. Romero.  

Judge Michael E. Romero directed the joint administration of the
cases under Case No. 15-16835.

The Debtors tapped Squire Patton Boggs (US) LLP as lead bankruptcy
counsel; Sender Wasserman Wadsworth, P.C., as special bankruptcy
and restructuring counsel; DLA Piper (Canada) LLP, as Canadian
bankruptcy counsel; Ernst & Young Inc., as information officer of
Canadian court; RBC Capital Markets, as investment banker; FTI
Consulting as financial advisor; and Epiq Solutions, as claims and
noticing agent.

Midway Gold Corp. disclosed $184 million in assets and $62.4
million in liabilities as of March 31, 2015.  Midway Gold US Inc.,
disclosed total assets of $2,461,673 and total liabilities of  
$122,448,181 as of the Chapter 11 filing.

In July, the U.S. Trustee overseeing the Debtors' cases appointed
seven creditors to serve on the official committee of unsecured
creditors.  The creditors are American Assay Laboratories, EPC
Services Company, InFaith Community Foundation, Jacobs Engineering
Group Inc., SRK Consulting (US) Inc., Sunbelt Rentals, and Boart
Longyear.  Gavin/Solmonese LLC serves as its financial advisor.


MISSION NEW ENERGY: 15 Million Shares Released From Escrow
----------------------------------------------------------
Mission NewEnergy Limited disclosed with the Securities and
Exchange Commission that all 15,000,000 shares placed into
voluntary escrow on Feb. 25, 2015, have been released from escrow.

                     About Mission NewEnergy

Based in Subiaco, Western Australia, Mission NewEnergy Limited is
a producer of biodiesel that integrates sustainable biodiesel
feedstock cultivation, biodiesel production and wholesale
biodiesel distribution focused on the government mandated markets
of the United States and Europe.

The Company is not operating its biodiesel refining segment.  The
refineries are being held in care and maintenance either awaiting
a return to positive operating conditions or the sale of assets.

The Company has materially diminished its Jatropha contract
farming operation and the company is now focused on divesting the
remaining Indian assets.  The Company intends to cease all Indian
operations.

Mission NewEnergy reported profit of $28.4 million on $7.27 million
of total revenue for the year ended June 30, 2015, compared to a
loss of $1.09 million on $9.68 million of total revenue for the
year ended June 30, 2014.

As of Dec. 31, 2015, Mission New Energy had $7.20 million in total
assets, $1.60 million in total liabilities and $5.60 million in
total equity.

"Although we incurred an operating profit for the year ended June
30, 2015 of A$28.3 million (2014: A$1.1 million loss), we have a
history of net losses and there is a substantial doubt about our
ability to continue as a going concern," the Company states in its
annual report for the year ended June 30, 2015.


MISSION NEW ENERGY: Incurs $1.38 Million Net Loss in H2 2015
------------------------------------------------------------
Mission New Energy Limited reported loss of $1.38 million on
$18,233 of total revenue for the six months ended Dec. 31, 2015,
2015, compared to a profit of $28.67 million on $688,222 for the
six months ended Dec. 31, 2014.  As of Dec. 31, 2015, Mission New
Energy had $7.20 million in total assets, $1.60 million in total
liabilities and $5.60 million in total equity.  A full-text copy of
the Form 6-K is available for free at http://is.gd/mE1Gpu

                   About Mission NewEnergy

Based in Subiaco, Western Australia, Mission NewEnergy Limited is
a producer of biodiesel that integrates sustainable biodiesel
feedstock cultivation, biodiesel production and wholesale
biodiesel distribution focused on the government mandated markets
of the United States and Europe.

The Company is not operating its biodiesel refining segment.  The
refineries are being held in care and maintenance either awaiting
a return to positive operating conditions or the sale of assets.

The Company has materially diminished its Jatropha contract
farming operation and the company is now focused on divesting the
remaining Indian assets.  The Company intends to cease all Indian
operations.

Mission NewEnergy reported profit of $28.4 million on $7.27 million
of total revenue for the year ended June 30, 2015, compared to a
loss of $1.09 million on $9.68 million of total revenue for the
year ended June 30, 2014.

"Although we incurred an operating profit for the year ended June
30, 2015 of A$28.3 million (2014: A$1.1 million loss), we have a
history of net losses and there is a substantial doubt about our
ability to continue as a going concern," the Company states in its
annual report for the year ended June 30, 2015.


MOLYCORP GLOBAL: Executes Global Settlement with Creditors
----------------------------------------------------------
BankruptcyData reported that Molycorp filed with the U.S.
Bankruptcy Court a notice of execution of the global settlement
agreement among the Debtors, Oaktree Capital Management, the
official committee of unsecured creditors and the ad hoc committee
of 10% Senior Secured Noteholders with respect to certain bidding
procedures in connection with the sale process.

According to documents filed with the Court, "As part of the 9019
Settlement, and in settlement of the claims asserted in the
Adversary Proceeding against the Debtors' current and former
officers and directors (the 'D&Os'), National Union Fire Insurance
Company of Pittsburgh, (the 'National Union') will pay on the
Effective Date $3 million to the Estate of the Parent for the sole
benefit of the Class 5A Creditors (the 'National Union Payment').
As part of the 9019 Settlement, the Committee will release, on
behalf of the Debtors' Estates, the Debtors' current and former
directors and officers (regardless of whether such directors or
officers are named as defendants in the Adversary Proceeding) and
National Union from any and all claims asserted in the Adversary
Proceeding and any and all claims that the Debtors' estates could
have asserted against such directors and officers based on events
occurring prior to the Petition Date."

The notice of execution explains, "As result of extensive
negotiations among the Mediator and the Settlement Parties, on Feb.
22, 2016, Oaktree, the Debtors, the Committee and National Union
(but solely with respect to Section IV thereof) entered into an
agreement to resolve the Adversary Proceeding and certain other
chapter 11 issues….The Settlement Parties are working to
incorporate the terms of the Settlement Agreement into a Revised
Plan that will be filed with the Court."

                       About Molycorp, Inc.

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

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

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

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

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

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

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

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

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

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

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

                            *     *     *

The U.S. Bankruptcy Court for the District of Delaware will
convene a hearing to consideration confirmation of Molycorp, Inc.,
et al.'s Plan, including the approval of the sale of substantially
all of the Debtors' assets pursuant to the Plan, on March 28, 2016,
10:00 a.m., Eastern Time.

Judge Christopher Sontchi in Delaware approved the disclosure
statement explaining the Debtors' Plan on Jan. 20, 2015, after the
Debtors revised the Disclosure Statement to incorporate certain
modifications directed by the Court during the Jan. 14 hearing.

The Plan contemplates two possible outcomes: (1) the sale of
substantially all of the Debtors' assets if certain conditions set
forth in the Plan are satisfied and (2) (a) the sale of the assets
associated with the Debtors' Mountain Pass mining facility in San
Bernardino County, California; and (b) the stand-alone
reorganization around the Debtors' other three business units.


NATIONAL CINEMEDIA: OKs Payment of $2.2 Million Cash Bonuses
------------------------------------------------------------
The Compensation Committee of the Board of Directors of National
CineMedia, Inc. reviewed the 2015 performance-based bonus awards
for the President of Sales and Marketing, the EVP and General
Counsel, the EVP, Chief Operating Officer and Chief Technology
Officer and the Interim Co-Chief Financial Officers to determine
whether and to what extent the performance goals established by the
Committee for 2015 had been achieved.  These cash bonus awards were
granted pursuant to the Executive Performance Bonus Plan for
executive officers adopted by the Compensation Committee on
March 13, 2013, and approved by stockholders on May 1, 2013.

Based on the actual operating results of the Company, the Adjusted
OIBDA for Compensation Purposes was 109.9% of the performance bonus
target, Adjusted Advertising Revenue was 105.3% of the performance
bonus target and Technology and Operations operating and capital
spending was below budget.

Based on the performance against targets and taking into
consideration the factors below, on Feb. 22, 2016, the Compensation
Committee of the Company approved payment of the following cash
bonuses for 2015 under the Executive Performance Bonus Plan:  

                                               Total Non-Equity
                                                Incentive Plan
Name                                            Compensation
----                                          ----------------
Clifford E. Marks                                 $1,200,465
President of Sales & Marketing

David J. Oddo                                       $134,531
SVP, Finance & Interim Co-CFO

Jeffrey T. Cabot                                    $150,521
SVP, Controller & Interim Co-CFO

Ralph E. Hardy                                      $334,717
EVP & General Counsel  

Alfonso P. Rosabal, Jr.                             $382,730
EVP, COO & CTO

                      About National CineMedia

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

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

                            *     *     *

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


NATIONAL CINEMEDIA: Posts $15.4 Million Net Income in Fiscal 2015
-----------------------------------------------------------------
National Cinemedia, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income
attributable to the Company of $15.4 million on $447 million of
total revenue for the year ended Dec. 31, 2015, compared to net
income attributable to the Company of $13.4 million on $394 million
of total revenue for the year ended Jan. 1, 2015.

As of Dec. 31, 2015, National Cinemedia had $1.08 billion in total
assets, $1.25 billion in total liabilities and a total deficit of
$172 million.

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

                      http://is.gd/pq5dEt

                    About National CineMedia

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

                            *     *     *

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


NATIONAL CINEMEDIA: Reports Results for Q4 & Full Year 2015
-----------------------------------------------------------
National CineMedia, Inc. reported net income attributable to the
Company of $6.6 million on $136 million of revenue for the quarter
ended Dec. 31, 2015, compared to net income of $8.1 million on $123
million of revenue for the quarter ended Jan. 1, 2015.

For the year ended Dec. 31, 2015, the Company reported net income
attributable to the Company of $15.4 million on $447 million of
revenue compared to net income of $13.4 million on $394 million of
revenue for the year ended Jan. 1, 2015.

The Company announced that its Board of Directors has authorized
the Company's regular quarterly cash dividend of $0.22 per share of
common stock.  The dividend will be paid on March 24, 2016, to
stockholders of record on March 10, 2016.  The Company intends to
pay a regular quarterly dividend for the foreseeable future at the
discretion of the Board of Directors consistent with the Company's
intention to distribute over time a substantial portion of its free
cash flow in the form of dividends to its stockholders.  The
declaration, payment, timing and amount of any future dividends
payable will be at the sole discretion of the Board of Directors
who will take into account general economic and advertising market
business conditions, the Company's financial condition, available
cash, current and anticipated cash needs, and any other factors
that the Board of Directors considers relevant.

Commenting on the Company's 2015 operating results, Andy England,
NCM's CEO said, "2015 was a very strong year for National CineMedia
with record revenue and Adjusted OIBDA derived from advertising.
These results reflect higher national and local advertising
revenue, as well as higher utilization and pricing compared to
2014.  Our medium was embraced across the advertising community as
a result of high Millennial movie theater attendance and increased
fragmentation across the media landscape."

Mr. England continued, "We enter 2016 with a strong platform and an
enviably stable position in the fast changing premium video
advertising segment.  We continue to strengthen the core of our
business by upgrading our targeting and data analytics tools, while
also building new digital marketing solutions to enable marketers
to reach movie-goers before, during and after the movie.  With the
support of our founding member circuits and network affiliates, as
well as the attention of advertisers, we are confident that NCM is
well positioned to continue creating value for our stockholders,
employees and circuit partners.  It is a great time to be in the
cinema advertising business and I look forward to working with the
talented NCM team to build on our strengths, expand our theatre
circuit and advertising client relationship base and capitalize on
our strong position within the marketplace."

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

                       http://is.gd/P7Mv6v

                    About National CineMedia

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

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

                            *     *     *

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


NEWASURION CORP: S&P Assigns 'B' CCR, Outlook Positive
------------------------------------------------------
Standard & Poor's Rating Services said that it assigned its 'B'
long-term corporate credit rating to NEWAsurion Corp.  The outlook
is positive.  At the same time, S&P revised its outlooks on
Lonestar Intermediate Super Holdings LLC (Lonestar; a wholly owned
subsidiary of NEWAsurion Corp.) and Asurion LLC to positive from
stable.  S&P also affirmed its 'B' long-term corporate credit
ratings on Lonestar and Asurion LLC.

At the same time, S&P affirmed its 'B' senior secured debt rating
and '3' recovery rating on Asurion LLC's senior secured facilities,
consisting of a $1.942 billion B-1 term loan, an $829 million B-2
term loan, a $2.711 billion B-4 term loan, and a $190 million
revolver.  S&P also affirmed its 'CCC+' senior unsecured debt
rating on the company's $2.15 billion second-lien term loan.

"The outlook revision to positive reflects NEWAsurion's continued
earnings growth and cash-flow generation resulting in credit
metrics consistent with its peers'," said Standard & Poor's credit
analyst Neal Freedman.  S&P also believes that NEWAsurion's
proposed equity-based recapitalization will reduce private-equity
ownership to less than 40%, resulting in a more-conservative
financial policy and an improving and less-volatile overall credit
profile relative to peers'.

NEWAsurion continued to produce favorable operating performance
trends in 2015.  S&P estimates 2015 revenue growth of 3%-5% mostly
driven by continued subscriber growth in its domestic mobile
protection products.

The positive outlook reflects S&P's expectations that NEWAsurion's
continued earnings growth will result in an improved overall credit
profile.  For 2016, S&P expects revenue growth in the mid-single
digits and an EBITDA margin of more than 20%, resulting in a
debt-to-EBITDA ratio of 5.5x–6.0x and EBITDA interest coverage of
at least 2.5x.  Although the 2016 proposed reduction of
private-equity ownership will be equity funded, should any future
reduction be funded through additional debt issue, S&P expects that
leverage will not exceed 7x.

S&P could affirm the current ratings if NEWAsurion's earnings or
debt levels were to result in a debt-to-EBITDA ratio consistently
above 7x.  This could occur if the company's earnings were to
decline as a result of negative growth or compressed margins or if
the company were to adopt a more-aggressive financial policy.

S&P could raise the credit and issue-level ratings by one notch
within the next 12 months if NEWAsurion continues its earnings
growth while maintaining financial leverage below 6.5x.  This would
likely occur through revenue growth (mid-single digits in 2016),
and stable margins (at least 20% on an EBITDA basis).


NORANDA ALUMINUM: Has Until March 28 to File Schedules
------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri has
given Noranda Aluminum Inc. and its affiliates until March 28,
2016, to file their schedules of assets and liabilities, and
statements of financial affairs.

                      About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. Proposed Lead Case
No. 16-10083) on Feb. 8, 2016.  The petitions were signed by Dale
W. Boyles as chief financial officer.  Judge Barry S. Schermer is
assigned to the case.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as counsel, Carmody MacDonald P.C. as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC as restructuring advisors and Prime Clerk LLC as claims,
solicitation and balloting agent.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of secured indebtedness, consisting of a revolving credit facility
and a term loan facility.

The Debtors had approximately 1,857 employees as of the Petition
Date.


NORANDA ALUMINUM: Hiring Paul, Weiss as Lead Bankruptcy Counsel
---------------------------------------------------------------
Noranda Aluminum, Inc. and its affiliated debtors seek approval
from the Bankruptcy Court in St. Louis, Missouri, to employ Paul,
Weiss, Rifkind, Wharton & Garrison LLP, as their Chapter 11
counsel.

The firm's professionals leading the engagement are:

     Alan W. Kornberg, Esq
     Elizabeth R. McColm, Esq
     Alexander Woolverton, Esq
     Michael M. Turkel, Esq
     PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
     1285 Avenue of the Americas
     New York, NY 10019
     Telephone: (212) 373-3000
     Facsimile: (212) 757-3990
     E-mail: akornberg@paulweiss.com
             emccolm@paulweiss.com
             awoolverton@paulweiss.com
             mturkel@paulweiss.com

Paul, Weiss has, prior to the Petition Date, assisted with the
preparation of the Chapter 11 Cases.  

The current standard hourly rates for Paul, Weiss' attorneys and
paralegals are:

     a. Partners $995 to $1,330
     b. Associates $540 to $900
     c. Legal Assistants $95 to $315
     d. Staff Attorneys $425 to $440

The principal attorneys designated to represent the Debtors, along
with their levels of experience and current standard hourly rates,
are:

     Alan W. Kornberg (Partner)
          38 years of experience
          $1,330 per hour

     Elizabeth R. McColm (Partner)
          17 years of experience
          $1,150 per hour

     Alexander Woolverton (Associate)
          4 years of experience
          $805 per hour

     Michael M. Turkel (Associate)
          1 year of experience
          $620 per hour

The firm's Alan W. Kornberg, Esq., relates that Paul, Weiss was
retained by the Debtors and began working on this matter on or
about September 15, 2015.  The firm received a $75,000 retainer
from the Debtors on October 2, 2015 and additional retainers of
$500,000 on December 21, 2015, and $500,000 on January 29, 2016.
Including amounts drawn from these retainers, the Firm received
payments made within the 90 days immediately preceding the Petition
Date totaling $2,721,886.08 in connection with Paul, Weiss' general
representation of the Debtors prior to these Chapter 11 Cases and
in connection with the preparation thereof.

Mr. Kornberg attests that Paul, Weiss said it has not represented
the Debtors' creditors, or any other parties-in-interest, or their
respective attorneys, in any matter relating to the Debtors or
their estates. Based upon its review of interested parties in these
Chapter 11 Cases, Paul, Weiss is a "disinterested person" as that
phrase is defined in section 101(14) of the Bankruptcy Code.

      Attorney Statement Regarding U.S. Trustee Guidelines

The following is provided in response to the request for additional
information set forth in Paragraph D.1. of U.S. Trustee's
Guidelines for Reviewing Applications for Compensation eimbursement
of Expenses Filed under 11 U.S.C. Sec. 330 by Attorneys in Larger
Chapter 1 Cases Effective as of November 1, 2013:

Question: Did you agree to any variations from, or alternatives to,
your standard or customary billing arrangements for this
engagement?

Response: No.

Question: Do any of the professionals included in this engagement
vary their rate based on the geographic location of the bankruptcy
case?
Response: No.

Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

Response: Prior to October 1, 2015 Paul, Weiss' rates for
timekeepers for its prepetition engagement on this matter were $940
to $1,275 for partners, $900 to $925 for counsel, $510 to 855 for
associates and $90 to $295 for paraprofessionals. As agreed with
the Debtors, and in accordance with Paul, Weiss' practice of
adjusting its rates on an annual basis, after October 1, 2015,
Paul, Weiss' prepetition rates for partners engaged on this matter
increased to $995 to $1,330. Paul, Weiss' billing rates have not
changed postpetition or on January 1, 2016.

Question: Has your client approved your prospective budget and
staffing plan, and, if so for what budget period?

Response: Paul, Weiss has delivered a prospective budget and
staffing plan for the period from the Petition Date through April
30, 2016 to the Debtors and will continue to work with the Debtors
on the budget and staffing plan.

A hearing to consider approval of the firm's engagement is set for
March 8.  Objections are due March 1.

                     About Noranda Aluminum

Noranda Aluminum Holding Corporation is an integrated producer of
primary aluminum and high-quality rolled aluminum coils.  The
Company has two businesses: an Upstream Business and a Downstream
Business.  The Upstream Business consists of a smelter near New
Madrid, Missouri, referred to as "New Madrid," and supporting
operations at a bauxite mining operation ("St. Ann") and an
alumina
refinery ("Gramercy").  The Downstream, or Flat-Rolled Products
Business is one of the largest aluminum foil producers in North
America, and consists of four rolling mill facilities.

Headquartered in New Madrid, Missouri, Noranda Aluminum, Inc., et
al., engaged in the production of primary aluminum and rolled
aluminum coils, filed separate Chapter 11 bankruptcy petitions
(Bankr. E.D. Mo. Proposed Lead Case No. 16-10083) on Feb. 8, 2016.

The petitions were signed by Dale W. Boyles, the chief financial
officer.  Judge Barry S. Schermer is assigned to the case.

The Debtors had approximately 1,857 employees as of the Petition
Date.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of
secured indebtedness, consisting of a revolving credit facility
and
a term loan facility.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as general counsel, Carmody MacDonald P.C. as local counsel,
PJT Partners, LP as investment banker, Alvarez & Marsal North
America, LLC as restructuring advisors and Prime Clerk LLC as
claims, solicitation and balloting agent.


NORANDA ALUMINUM: March 8 Hearing on Bid to Hire CRO
----------------------------------------------------
Noranda Aluminum, Inc., and its debtor-affiliates will return to
the Bankruptcy Court in St. Louis, Missouri, on March 8, 2016 at
2:00 p.m. (prevailing Central Time), to seek approval from the Hon.
Barry S. Schermer of their application to employ Alvarez & Marsal
North America LLC to provide the Debtors with a chief restructuring
officer and certain additional personnel.

Noranda proposes to designate Robert M. Caruso as their CRO.

Objections to the Debtors' request are due March 1.

Alvarez has been providing services to Noranda.  The firm was
engaged by the Company on July 24, 2015, certain of the firm's
Personnel have worked closely with the Debtors' management and
other professionals in assisting with the myriad requirements of
these Chapter 11 Cases.

Robert M. Caruso is a managing director of Alvarez. He has worked
as a turnaround consultant and financial advisor for more than 25
years.  Mr. Caruso has substantial knowledge and experience serving
either in senior management positions or as a restructuring advisor
in large companies and in assisting troubled companies with
stabilizing their financial condition, analyzing their operations
and developing an appropriate business plan to accomplish the
necessary restructuring of their operations and finances.
Specifically, Mr. Caruso has advised and/or served as a senior
executive for, among others, Exide Technologies, A123 Systems,
Inc., a Severstal North America subsidiary, Delphi Corporation,
Meridian Lightweight Technologies, Ruff Hewn, Meridian Automotive
Systems, Federal-Mogul Corporation, Harnischfeger Industries, and
Morris Material Handling, Inc. Further, Mr. Caruso has served in
senior management positions and as a restructuring advisor for a
number of companies in a variety of industries, including
automotive, manufacturing, consumer products, gaming, and retail.

Mr. Caruso's duties at Noranda include performing a financial
review of the Company, including but not limited to a review and
assessment of financial information, short and longterm projected
cash flows and operating performance; and identifying and, if
applicable, implementing, cost reduction and operations improvement
opportunities.  Mr. Caruso will serve as the Company's principal
contact with stakeholders with respect to the Company's
restructuring matters; and shall act as contact for any debtor in
possession facility, pre-petition lenders, and any official
statutory or ad hoc committee that may be appointed in a chapter 11
case.

Mr. Caruso attests that Alvarez: (i) has no connection with the
Debtors, their creditors, other parties in interest, or the
attorneys or accountants of any of the foregoing, or the United
States Trustee or any person employed in the Office of the United
States Trustee; and (i) does not hold any interest adverse to the
Debtors' estates.  Moreover, the firm is a "disinterested person"
as that term is defined by section 101(14) of the Bankruptcy Code.


Alvarez will be paid by the Debtors for the services of its
Personnel -- other than the CRO -- at their customary hourly
billing
rates.  Alvarez and the Debtors have agreed that the Debtors will
pay Alvarez a flat monthly rate of $140,000 in return for the
services rendered to the Debtors by the CRO.

The current hourly billing rates for Additional Personnel, based on
the position held by the Additional Personnel at Alvarez, are:

     (a) Managing Director $775-975
     (b) Directors $600-775
     (c) Analyst/Associate $450-575

         Claims Management Personnel

     (d) Managing Directors $675-775
     (e) Directors $500-650
     (f) Analysts/Associates $325-375

Alvarez will seek reimbursement for reasonable and necessary
expenses incurred in connection with these Chapter 11 Cases.

The firm will be entitled to a $900,000 completion fee payable upon
the earlier of (a) the consummation of a Chapter 11 plan of
reorganization for any Company entity and (b) the sale, transfer or
other disposition of all or a substantial portion of the Company's
assets or equity in one or more transactions.

Mr. Caruso disclosed that Alvarez received $350,000 as a retainer
in connection with preparing for and conducting the filing of these
Chapter 11 cases.  In the 90 days prior to the Petition Date,
Alvarez received retainers and payments totaling $2.9 million in
the aggregate for services performed for the Debtors, including a
payment of a $140,000 CRO Fee for CRO services from February 8,
2016 through March 7, 2016.

The unapplied residual retainer, which is estimated to total
approximately $300,000, will not be segregated by Alvarez in a
separate account, and will be held until the end of these Chapter
11 cases and applied to Alvarez’s finally approved fees in these
proceedings, unless an alternate arrangement is agreed to by the
Company.

Noranda agrees to provide indemnification to Alvarez.

The firm may be reached at:

     Robert M. Caruso
     Managing Director
     Alvarez & Marsal North America LLC
     55 West Monroe Street, Suite 4000
     Chicago, IL 60603
     Tel: 312-601-4220
     Fax: 312-332-4599

                     About Noranda Aluminum

Noranda Aluminum Holding Corporation is an integrated producer of
primary aluminum and high-quality rolled aluminum coils.  The
Company has two businesses: an Upstream Business and a Downstream
Business.  The Upstream Business consists of a smelter near New
Madrid, Missouri, referred to as "New Madrid," and supporting
operations at a bauxite mining operation ("St. Ann") and an
alumina
refinery ("Gramercy").  The Downstream, or Flat-Rolled Products
Business is one of the largest aluminum foil producers in North
America, and consists of four rolling mill facilities.

Headquartered in New Madrid, Missouri, Noranda Aluminum, Inc., et
al., engaged in the production of primary aluminum and rolled
aluminum coils, filed separate Chapter 11 bankruptcy petitions
(Bankr. E.D. Mo. Proposed Lead Case No. 16-10083) on Feb. 8, 2016.

The petitions were signed by Dale W. Boyles, the chief financial
officer.  Judge Barry S. Schermer is assigned to the case.

The Debtors had approximately 1,857 employees as of the Petition
Date.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of
secured indebtedness, consisting of a revolving credit facility
and
a term loan facility.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as general counsel, Carmody MacDonald P.C. as local counsel,
PJT Partners, LP as investment banker, Alvarez & Marsal North
America, LLC as restructuring advisors and Prime Clerk LLC as
claims, solicitation and balloting agent.


NORANDA ALUMINUM: PJT Partners to Serve as Investment Bankers
-------------------------------------------------------------
Noranda Aluminum, Inc. and its affiliated debtors tell the U.S.
Bankruptcy Court for the Eastern District of Missouri that they
need the services PJT Partners LP as their investment banker to:

     (a) assist in evaluating of the Debtors' businesses and
         prospects;

     (b) assist in developing a long-term business plan and
         related financial projections for the Debtors and their
         subsidiaries;

     (c) assist in the development of financial data and
         presentations to the Debtors' Board of Directors,
         various creditors and other third parties;

     (d) analyze the financial liquidity of the Debtors and
         evaluate alternatives to improve such liquidity;

     (e) analyze various restructuring scenarios and the
         potential impact of these scenarios on the recoveries of
         those stakeholders impacted by the Restructuring;

     (f) provide strategic advice with regard to restructuring
         or refinancing the Debtors' Obligations;

     (g) evaluate the Debtors' debt capacity and alternative
         capital structures;

     (h) participate in negotiations with creditors, suppliers,
         lessors, employee representatives and other interested
         parties;

     (i) value securities offered in connection with a
         restructuring of the Debtors;

     (j) advise the Debtors and negotiate with lenders with
         respect to potential waivers or amendments of various
         credit facilities;

     (k) assist in arranging financing for the Debtors, as
         requested;

     (l) provide expert witness testimony relating to any of the
         Subjects encompassed by the other investment banking
         services;

     (m) assist the Debtors in preparing marketing materials in
         conjunction with a possible Sale Transaction;

     (n) assist the Debtors in identifying potential buyers or
         parties in interest to a Sale Transaction and assist in
         the due diligence process;

     (o) assist and advise the Debtors concerning the terms,
         conditions and impact of any proposed Sale Transaction;
         and

     (p) provide other advisory services as are customarily
         provided in connection with the analysis and negotiation
         of a Restructuring or Sale Transaction, as requested and
         mutually agreed.

Since its engagement in November 2015, PJT has advised the Debtors
in connection with their efforts to raise capital and explore
restructuring alternatives.

If this Application is approved, several of the Advisor's
professionals will continue to provide services to the Debtors.
Those personnel, including Partners Steven Zelin, Mark Buschmann
and James Baird, will lead the team of the firm's professionals and
will work closely with the Debtors' management and other
professionals throughout the reorganization process.

PJT Partners is part of a leading independent financial advisory
firm, listed on the New York Stock Exchange (ticker symbol: PJT).
Its restructuring and reorganization advisory operation is one of
the world's leading advisory services providers to companies and
creditors in restructurings and bankruptcies.

PJT Partners is a wholly owned subsidiary of PJT Partners Holdings
LP, of which PJT Partners, Inc. acts as sole general partner.

PJT Partners Inc. was formed in part through a multi-step merger
and spin off transaction whereby Blackstone Advisory Partners
L.P.'s restructuring and advisory groups were spun-off to form PJT
Partners and its affiliated operating entities.

The members and senior executives of the firm's financial advisory
practice (whether as employees of PJT Partners or Blackstone) have
assisted and advised numerous clients conducting mergers and
acquisitions in chapter 11 proceedings and in the metals and mining
sector, having advised in the following transactions, among others:
Peabody's acquisition of Macarthur Coal, Joy Global's acquisition
of IMM, the sale of Alcan to Rio Tinto, the pending sale of Walter
Energy's core mining assets to its lender group and the sale of
Walter Energy's non-core mining assets and Coke business to ERP
Compliant Fuels.

The Debtors propose to pay PJT under this fee structure:

     (a) Monthly Fee. During the term of the Engagement Letter, the
Debtors shall pay PJT a monthly advisory fee equal to $175,000 per
month, payable in advance in cash, with the first Monthly Fee
payable upon execution of the original Engagement Letter and
additional installments of such Monthly Fee payable in advance on
each subsequent monthly anniversary of the Effective Date;

     (b) Restructuring Fee. The Debtors shall pay PJT an additional
fee equal to $5,000,000 payable upon the closing of a
Restructuring.  The Debtors and PJT Partners acknowledge and agree
that: (I) to the extent paid, any Restructuring Fee payable to PJT
Partners shall be reduced by any Sale Transaction Fees previously
paid to PJT Partners and (II) in no circumstances shall the total
amount of Sale Transaction Fee(s) and Restructuring Fee payable to
PJT Partners (excluding expenses) exceed $5,000,000.

     (c) Sale Transaction Fees. The Debtors shall pay PJT upon the
consummation of a Sale Transaction, a sale transaction fee payable
in cash directly out of the gross proceeds of the Sale Transaction
or other available funds calculated as 1.25% of the Consideration.
The Debtors and PJT Partners acknowledge and agree that: (i) PJT
Partners shall be paid a Sale Transaction Fee with respect to each
Sale Transaction consummated by the Debtors, (ii) to the extent
paid, all Sale Transaction Fees shall be credited against any
Restructuring Fee payable to PJT Partners and (iii) in no
circumstances shall the total amount of the Sale Transaction Fee(s)
and Restructuring Fee payable to PJT Partners (excluding expenses)
exceed $5,000,000.

     (d) Capital Raising Fee. The Debtors shall pay PJT upon the
closing of any financing arranged by the Advisor, a capital raising
fee calculated as follows:

         1.0% of the total issuance size for DIP financing;
         1.0% of the total issuance size for senior debt;
         2.0% of the total issuance size for junior debt
              financing; and
         4.5% of the issuance amount for equity financing raised

provided, however, that (i) PJT will credit 50% of any Capital
Raising Fee against the applicable Restructuring Fee or Sale
Transaction Fee; (ii) the firm will agreed to reduce its Capital
Raising Fee by 50% for any financing or capital raised from (x)
these parties:

         1. Black Diamond
         2. Gores Group
         3. KPS Capital
         4. Platinum Equity
         5. Pamplona Capital Management
         6. Da Da Holdings
         7. Wynnchurch Capital, Ltd.

or (y) any then current equity holders, lenders, debt holders,
other security holders, or creditors of the Debtors or any
subsidiary of the Debtors or any of their respective affiliates,
subsidiaries or affiliated funds;

     (e) Expense Reimbursements. The Debtors shall reimburse the
firm for all reasonable out-of-pocket expenses incurred during this
engagement, and the Debtors shall pay the firm on the Effective
Date and maintain thereafter a $25,000 expense advance for which
the Advisor shall account upon termination of the engagement.

As of the Petition Date, the Debtors do not owe the Advisor any
fees for services performed or expenses incurred under the
Engagement Letter.

According to the books and records of the Debtors, during the
90-day period before the Petition Date, the firm received $700,000
for professional services performed and $13,927 for expenses
incurred.  Separately, it has received a prepetition expense
deposit of $25,000 that will be applied against any prepetition
expenses incurred but not yet received due to delay in third-party
vendors in providing invoices, with the remaining balance, if any,
returned to the Debtors.

The Debtors also have agreed to indemnify the firm.

James H. Baird, a Partner of PJT Partners, attests that his firm is
a "disinterested person" as defined in section 101(14) of the
Bankruptcy Code, as modified by section 1107(b) of the Bankruptcy
Code.

Annah Kim-Rosen, the Chief Compliance Officer of PJT Partners,
discloses that:

     a. PJT Partners has been engaged to provide financial advisory
services to a group of lenders to Paragon Offshore plc's chapter 11
case. Affiliates of some of the PII are lenders to Paragon Offshore
plc. This engagement is wholly unrelated to the Debtors and these
chapter 11 cases, and PJT Partners does not believe that the
interests of the Debtors or their estates are adversely affected by
this engagement.

     b. PJT Partners has been engaged to provide financial advisory
services to Verso Corporation in connection with Verso
Corporation's chapter 11 case.  O'Melveny & Meyers LLP, one of the
PII, is counsel to Verso Corporation. This engagement is wholly
unrelated to the Debtors and these chapter 11 cases, and PJT
Partners does not believe that the interests of the Debtors or
their estates are adversely affected by this engagement.

     c. PJT Partners has been engaged to provide financial advisory
services to Magnetation LLC in connection with Magnetation LLC's
chapter 11 case.

PJT Partners has also been engaged to provide financial advisory
services to Arch Coal, Inc. in connection with Arch Coal, Inc.'s
chapter 11 case.  Davis Polk & Wardwell LLP, one of the PII, is
counsel to Magnetation LLC and Arch Coal, Inc. These engagements
are wholly unrelated to the Debtors and these chapter 11 cases, and
PJT Partners does not believe that the interests of the Debtors or
their estates are adversely affected by these engagements.

The firm may be reached at:

     James H. Baird
     Partner
     PJT PARTNERS
     280 Park Ave
     New York, NY 10017
     Tel: 212-364-7800

                     About Noranda Aluminum

Noranda Aluminum Holding Corporation is an integrated producer of
primary aluminum and high-quality rolled aluminum coils.  The
Company has two businesses: an Upstream Business and a Downstream
Business.  The Upstream Business consists of a smelter near New
Madrid, Missouri, referred to as "New Madrid," and supporting
operations at a bauxite mining operation ("St. Ann") and an
alumina
refinery ("Gramercy").  The Downstream, or Flat-Rolled Products
Business is one of the largest aluminum foil producers in North
America, and consists of four rolling mill facilities.

Headquartered in New Madrid, Missouri, Noranda Aluminum, Inc., et
al., engaged in the production of primary aluminum and rolled
aluminum coils, filed separate Chapter 11 bankruptcy petitions
(Bankr. E.D. Mo. Proposed Lead Case No. 16-10083) on Feb. 8, 2016.

The petitions were signed by Dale W. Boyles, the chief financial
officer.  Judge Barry S. Schermer is assigned to the case.

The Debtors had approximately 1,857 employees as of the Petition
Date.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of
secured indebtedness, consisting of a revolving credit facility
and
a term loan facility.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as general counsel, Carmody MacDonald P.C. as local counsel,
PJT Partners, LP as investment banker, Alvarez & Marsal North
America, LLC as restructuring advisors and Prime Clerk LLC as
claims, solicitation and balloting agent.


NORANDA ALUMINUM: To Hire Carmody MacDonald as Local Counsel
------------------------------------------------------------
The Hon. Barry S. Schermer in St. Louis, Missouri, will convene a
hearing on March 8 to consider the request of Noranda Aluminum,
Inc. and its debtor-affiliates to employ the firm of Carmody
MacDonald P.C. as their local restructuring counsel.

Noranda said the Debtors must be represented in this case by
Missouri counsel who have not only restructuring experience, but
also expertise in various other specialties.

Carmody will work closely with Paul, Weiss, Rifkind, Wharton &
Garrison LLP, the Debtors'lead restructuring counsel to clearly
delineate each professional's respective duties and to prevent
unnecessary duplication of services whenever possible.

The firm's personnel who will primarily work on the case are:

     Christopher J. Lawhorn, Esq.
     Angela L. Drumm, Esq.
     Colin M. Luoma, Esq.
     CARMODY MACDONALD P.C.
     120 S. Central Avenue, Suite 1800
     St. Louis, MO 63105
     Telephone: (314) 854-8600
     Facsimile: (314) 854-8660
     E-mail: cjl@carmodymacdonald.com
             ald@carmodymacdonald.com
             cml@carmodymacdonald.com

Mr. Lawhorn attests that Carmody is a "disinterested person" as
that phrase is defined in Section 101(14) of the Bankruptcy Code,
as modified by Section 1107(b) of the Bankruptcy Code.

The range of hourly billing rates of Carmody MacDonald partners for
this matter will be $295 to $385 per hour, associates $240 to $265
per hour, and paralegals/law clerks $145 to $195 per hour.

Carmody MacDonald received $100,000 in retainer payments from the
Debtors prior to the commencement of these Chapter 11 cases on
February 8, 2016 as follows:

     $50,000 on or about January 26, 2016; and
     $50,000 on or about February 3, 2016

According to Mr. Lawhorn, any attorneys' fees and expenses incurred
after receipt of the executed engagement letter but prior to
receipt of the Retainer were waived by Carmody MacDonald in
connection with its retention as local restructuring counsel.  All
fees and expenses for which Carmody MacDonald has been paid were
incurred after receipt of the Retainer.  After receipt of the
Retainer but prior to the Petition Date, Carmody MacDonald applied
the Retainer against invoices for attorneys' fees and expenses
incurred for services rendered or to be rendered in contemplation
of or in connection with these Chapter 11 cases. Carmody MacDonald
will hold the remaining balance of the Retainer, i.e., $8,894.00,
as security for the fees and expenses that may be awarded to it in
these Chapter 11 cases.

Pursuant to Part D-1 of the Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed Under United
States Code by Attorneys in Larger Chapter 11 Cases, 78 Fed. Reg.
36248 (June 17, 2013), Mr. Lawhorn made these disclosures:

     (a) Carmody MacDonald did not agree to any variations from, or
alternatives to, its standard or customary billing arrangements for
this engagement for similar matters.

     (b) None of the professionals included in this engagement vary
their rates based on the geographic location of the bankruptcy
case.

     (c) The billing rates and material financial terms of Carmody
MacDonald's pre-petition engagement by the Debtors have not changed
post-petition. There were no material adjustments to the engagement
during the 12 months pre-petition, except for the retainer
payment.

                     About Noranda Aluminum

Noranda Aluminum Holding Corporation is an integrated producer of
primary aluminum and high-quality rolled aluminum coils.  The
Company has two businesses: an Upstream Business and a Downstream
Business.  The Upstream Business consists of a smelter near New
Madrid, Missouri, referred to as "New Madrid," and supporting
operations at a bauxite mining operation ("St. Ann") and an
alumina
refinery ("Gramercy").  The Downstream, or Flat-Rolled Products
Business is one of the largest aluminum foil producers in North
America, and consists of four rolling mill facilities.

Headquartered in New Madrid, Missouri, Noranda Aluminum, Inc., et
al., engaged in the production of primary aluminum and rolled
aluminum coils, filed separate Chapter 11 bankruptcy petitions
(Bankr. E.D. Mo. Proposed Lead Case No. 16-10083) on Feb. 8, 2016.

The petitions were signed by Dale W. Boyles, the chief financial
officer.  Judge Barry S. Schermer is assigned to the case.

The Debtors had approximately 1,857 employees as of the Petition
Date.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of
secured indebtedness, consisting of a revolving credit facility
and
a term loan facility.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as general counsel, Carmody MacDonald P.C. as local counsel,
PJT Partners, LP as investment banker, Alvarez & Marsal North
America, LLC as restructuring advisors and Prime Clerk LLC as
claims, solicitation and balloting agent.


NORANDA ALUMINUM: Wants to Hire Ernst & Young as Auditors
---------------------------------------------------------
Noranda Aluminum, Inc., and its affiliated debtors seek authority
from the U.S. Bankruptcy Court for the Eastern District of Missouri
to employ Ernst & Young LLP as their auditors and tax advisors.
The firm is slated to provide Integrated Audit Services and
Bankruptcy Tax Advisory Services.

Jeffrey B. Smith, a partner of EY LLP, attests that the firm is a
"disinterested person," as the term is defined in Bankruptcy Code
section 101(14), as modified by Bankruptcy Code section 1107(b);
and (b) does not hold or represent any interest adverse to the
Debtors' estates.

He may be reached at:

     Jeffrey B. Smith, a partner
     Ernst & Young
     1101 New York Ave NW
     Washington, DC 20005
     Tel: 202-327-6000

EY LLP's fees for each of the Services are:

     (A) For Integrated Audit Services

         * Fees for core audit services will be based on the
           time that EY LLP professionals spend performing them,
           as adjusted annually on July 1, 2016.  The current
           hourly rates are as follows:

           Core Audit Team Professionals
           (includes core tax professionals)      Rate Per Hour
           ---------------------------------      -------------
           National Executive Director/
              Principal/Partner                        $700
           Executive Director/Principal/Partner        $545
           Senior Manager                              $425
           Manager                                     $310
           Senior                                      $250
           Staff                                       $170

         * EY LLP will use personnel from its Global Talent Hub
           located in India to perform certain aspects of the
           Audit Services.  The fee for Global Talent Hub
           personnel will be $75,000, which would be billed
           monthly at $25,000 per month commencing in February
           2016.

         * Certain personnel from Ernst & Young Chartered
           Accountants in Jamaica, which is a separate legal
           entity from EY LLP, will perform certain aspects of
           Audit Services for Noranda Bauxite Limited and Noranda
           Jamaica Bauxite Partners.  EY LLP estimates that the
           fees for EY Jamaica personnel will be $50,000, to be
           billed monthly at $25,000 per month commencing in
           February 2016. The fees and expenses incurred by EY
           Jamaica in connection with the Integrated Audit
           Services will be included in the fee statements or
           applications that EY LLP files with this Court.

         * Fees related to the accounting technical analysis of
           new or unusual transactions will be communicated in
           advance and billed separately from the fees referred
           to above at the following hourly rates, as adjusted
           annually on July 1:

           Core Audit Team Professionals
           (includes core tax professionals)      Rate Per Hour
           ---------------------------------      -------------
           National Executive Director/
              Principal/Partner                        $925
           Executive Director/Principal/Partner        $900
           Senior Manager                              $775
           Manager                                     $575
           Senior                                      $425
           Staff                                       $300

     (B) Bankruptcy Tax Advisory Services

         * EY LLP's fees for Bankruptcy Tax Services will be
           based on the time that its professionals spend
           performing them, as adjusted annually on July 1:

           National/Transaction Tax Team:

                Partner                   $1,000
                Executive Director          $825
                Senior Manager              $800
                Manager                     $700
                Senior                      $500
                Staff                       $250

           Local Team:

                Partner                     $715
                Executive Director          $675
                Senior Manager              $650
                Manager                     $525
                Senior                      $400
                Staff                       $250

On or about January 28, 2016, EY LLP received a retainer from the
Debtors, in the amount of $250,000.  As of the Petition Date, the
balance of the Retainer was $250,000.

During the 90 days preceding the Petition Date, the Debtors paid
$1,173,039 to EY LLP. This amount consists of (a) the Retainer in
the amount of $250,000; plus (b) $899,163 of payments EY LLP
received during the 90 days preceding the Petition Date before
receiving the Retainer; plus (c) $23,876 of payments EY LLP
received during the 90 days preceding the Petition Date after
receiving the Retainer.

The Debtors owe EY LLP $11,650 in respect of services provided by
EY LLP prior to the Petition Date. EY LLP requests that it be
permitted to set off or recoup this amount from the Retainer.

                     About Noranda Aluminum

Noranda Aluminum Holding Corporation is an integrated producer of
primary aluminum and high-quality rolled aluminum coils.  The
Company has two businesses: an Upstream Business and a Downstream
Business.  The Upstream Business consists of a smelter near New
Madrid, Missouri, referred to as "New Madrid," and supporting
operations at a bauxite mining operation ("St. Ann") and an
alumina
refinery ("Gramercy").  The Downstream, or Flat-Rolled Products
Business is one of the largest aluminum foil producers in North
America, and consists of four rolling mill facilities.

Headquartered in New Madrid, Missouri, Noranda Aluminum, Inc., et
al., engaged in the production of primary aluminum and rolled
aluminum coils, filed separate Chapter 11 bankruptcy petitions
(Bankr. E.D. Mo. Proposed Lead Case No. 16-10083) on Feb. 8, 2016.

The petitions were signed by Dale W. Boyles, the chief financial
officer.  Judge Barry S. Schermer is assigned to the case.

The Debtors had approximately 1,857 employees as of the Petition
Date.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of
secured indebtedness, consisting of a revolving credit facility
and
a term loan facility.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as general counsel, Carmody MacDonald P.C. as local counsel,
PJT Partners, LP as investment banker, Alvarez & Marsal North
America, LLC as restructuring advisors and Prime Clerk LLC as
claims, solicitation and balloting agent.


PARAGON OFFSHORE: Gets Order to Enforce Sec. 362 Protection
-----------------------------------------------------------
U.S. Bankruptcy Judge Christopher Sontchi has authorized Paragon
Offshore plc and its affiliated debtors to enforce the protections
of Sections 362, 365, 525 and 541(c) of the Bankruptcy Code.

At the behest of the Debtors, the Court has ordered that the
commencement of the chapter 11 cases will operate as a stay of:

    a. The commencement or continuation, including the issuance or
employment of process, of a judicial, administrative, or other
action or proceeding against the Debtors that was or could have
been commenced before the commencement of the Debtors' chapter 11
cases, or an act to recover a claim against the Debtors that arose
before the commencement of the Debtors' chapter 11 cases;

    b. The enforcement, against the Debtors or against property of
their estates, of a judgment obtained before the commencement of
the Debtors' chapter 11 cases;

    c. Any act to obtain possession of property of the estates or
of property from the estates or to exercise control over property
of the Debtors' estates;

    d. Any act to create, perfect, or enforce any lien against
property of the Debtors' estates;

    e. Any act to create, perfect, or enforce against property of
the Debtors any lien to the extent that such lien secures a claim
that arose before the commencement of the Debtors' chapter 11
cases;

    f. Any act to collect, assess, or recover a claim against the
Debtors that arose before the commencement of the Debtors' chapter
11 cases;

    g. The setoff of any debt owing to the Debtors that arose
before the commencement of these chapter 11 cases; and

    h. The commencement or continuation of a proceeding before the
United States Tax Court concerning a tax liability of the Debtors
for a taxable period the bankruptcy court may determine.

The Order will not affect the exceptions to the automatic stay
contained in Section 362(b) or the right of any party in interest
to seek relief from the automatic stay in accordance with Section
362(d).

                      About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/--  is a
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas. Paragon is a public limited company registered in England
and Wales and its ordinary shares  have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.

The Debtors reported total assets of $2.47 billion and total debts
of $2.96 billion as of Sept. 30, 2015.  

The Debtors have engaged Weil, Gotshal & Manges LLP as general
counsel, Richards, Layton & Finger, P.A. as local counsel, Lazard
Freres & Co. LLC as financial advisor, Alixpartners, LLP as
restructuring advisor, and Kurtzman Carson Consultants as claims
and noticing agent.



PARALLEL ENERGY: March 10 Hearing on Structured Dismissal
---------------------------------------------------------
Without enough funds to pay administrative claims in full after the
sale of all assets was completed in January, Parallel Energy LP and
its affiliated debtors will ask the U.S. Bankruptcy Court for the
District of Delaware to approve a structured dismissal of their
chapter 11 cases at a hearing on March 10, 2016, at 10:00 a.m.

Objections to the Debtors' motion for an order dismissing their
cases are due March 3, 2016 at 4:00 p.m.

The Debtors negotiated a sale of substantially all of their assets
to Scout Energy Group II, LP, a third-party purchaser.  On Jan. 12,
2016, the Court entered an order approving the sale.  On Jan. 28,
2016, the Scout sale closed and the Debtors substantially disposed
of all of their assets.  As a result, the Debtors have no business
to reorganize and nothing of value is left in the Debtors' estates
that warrants the continuation of the Chapter 11 cases.

Pursuant to the Sale Order, a portion of the Sale proceeds will be
used to fund the wind-down of the Debtors' estates and the closure
of the Chapter 11 cases in accordance with a wind-down budget.  The
Debtors now seek to effectuate an efficient and fair resolution of
the Chapter 11 cases through a dismissal.

The Debtors believe dismissal is warranted because a dismissal will
provide (a) better treatment to creditors than conversion to cases
under chapter 7 and (b) an orderly end to the Chapter 11 cases.

The Debtors aver that they are not using the dismissal process to
evade either plan confirmation or conversion.  With respect to plan
confirmation, the Debtors are unable to propose a confirmable plan
because they are currently unable to satisfy their administrative
claims in full, and given that the Sale has closed, no business is
left to reorganize.  The Debtors are only using a dismissal to
resolve their allowed, known, and valid administrative expenses and
professional fees and effectuate the dissolution of the Debtors
immediately prior to, upon, or after the dismissal of the Chapter
11 cases.

The Debtors propose that their cases be dismissed upon the filing
of a certification of counsel certifying that all preconditions to
dismissal have been completed, including the payment, resolution,
or other settlement of allowed, known, and valid administrative
expenses and allowed professional fees of the Debtors, as provided
in the approved wind-down budget.

The Debtors propose to effectuate the dismissal on these terms:

   a. Continuation of Liens.  As of the Closing Date of the Sale,
the prepetition first priority liens, and the prepetition adequate
protection liens will be deemed to have attached to the proceeds of
the Sale.

   b. Wind-Down Budget.  Disbursements will be in accordance with
win-down budget prepared by the Debtors and acceptable to the
Lenders ("the Wind-Down Budget").

   c. Claims Resolution Procedures.  The Wind-Down Budget funds the
orderly wind-down of these estates, and provides for the
satisfaction, resolution, or other settlement of allowed and valid
administrative expenses and professional fees.  The payment of the
amounts listed in the Approved Wind-Down Budget will be deemed to
be in full satisfaction of the claims alleged to be held by the
recipients.  The reconciliation, resolution and allowance of all
claims asserted against the Debtors and the distributions to be
made to holders of such claims will be subject to the claims
resolution procedures, which set an April 4 deadline for claims
objections, an April 11 hearing to resolve any claims objection,
and a May 20, 2016 deadline to file final fee applications.
Each Debtor, immediately prior to, upon, or after dismissal of the
Chapter 11 Cases, is authorized to take all reasonably necessary
steps to dissolve under applicable law.

A copy of the Approved Wind-Down Budget was not included in the
Debtors' Feb. 18 court filings.

The Debtors' attorneys:

         Evan T. Miller, Esq.
         Neil B. Glassman, Esq.
         GianClaudio Finizio, Esq.
         Evan T. Miller, Esq.
         BAYARD, P.A.
         222 Delaware Avenue, Suite 900
         Wilmington, DE 19801
         Tel: (302) 655-5000
         Fax: (302) 658-6395
         E-mail: nglassman@bayardlaw.com
                 gfinizio@bayardlaw.com
                 emiller@bayardlaw.com

                 - and -

         Demetra L. Liggins, Esq.
         THOMPSON & KNIGHT LLP
         Three Allen Center
         333 Clay Street, Suite 3300
         Houston, TX 77002
         Tel: (713) 951-5884
         Fax: (832) 397-8052
         E-mail: Demetra.Liggins@tklaw.com

                 - and -

         David M. Bennett, Esq.
         THOMPSON & KNIGHT LLP
         One Arts Plaza
         1722 Routh Street, Suite 1500
         Dallas, TX 75201-2533
         Tel: (214) 969-1700
         Fax: (214) 969-1751
         E-mail: David.Bennett@tklaw.com

                      About Parallel Energy

Tulsa, Oklahoma-based natural gas producer Parallel Energy LP
formerly known as Parallel Energy Acquisitions LP, and Parallel
Energy GP LLC filed for Chapter 11 protection (Bankr. D. Del Case
Nos. 15-12263 and 15-12264) on Nov. 9, 2015.  The petition was
signed by Richard N. Miller, chief financial officer.

The Hon. Kevin Gross presides over the case.  Demetra L. Liggins,
Esq., and David M. Bennett, Esq., at Thompson & Knight LLP and
GianClaudio Finizio, Esq., at Bayard, P.A., represent the Debtor
as co-counsel.  Alvarez & Marsal North America, LLC serves as
financial advisor.  Prime Clerk LLC serves as notice, claims,
solicitation and balloting agent.  The Debtor estimated assets and
debts at $100 million to $500 million.


PETRON ENERGY: PE Asset #1 Reports 9.99% Equity Stake
-----------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, PE Asset #1 disclosed that as of Feb. 15, 2016, it
beneficially owns 5,604,560,000 shares of common stock of Petron
Energy II, Inc. representing 9.99 percent of the shares
outstanding.  

The amount represents 5,604,560,000 shares of Common Stock issuable
upon conversion of 560,456 shares of Series B Convertible Preferred
Stock of Petron Energy.  Shares of Series B Preferred Stock (which
have a conversion face value of $1.00 per share) convert into
Common Stock of the Issuer based on the average trading price of
the Issuer's common stock on the five trading days prior to the
date of conversion.  

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

                       http://is.gd/XQhuqr

                        About Petron Energy

Dallas-based Petron Energy II, Inc., is engaged primarily in the
acquisition, development, production, exploration for and the sale
of oil, gas and gas liquids in the United States.  As of Dec. 31,
2011, the Company is operating in the states of Texas and
Oklahoma.  In addition, the Company operates two gas gathering
systems located in Tulsa, Wagoner, Rogers and Mayes counties of
Oklahoma.  The pipeline consists of approximately 132 miles of
steel and poly pipe, a gas processing plant and other ancillary
equipment.  The Company sells its oil and gas products primarily
to a domestic pipeline and to another oil company.

Petron Energy reported a net loss of $4.30 million in 2013
following a net loss of $8.32 million in 2012.

As of Sept. 30, 2014, the Company had $3.74 million in total
assets, $13.8 million in total liabilities and a $10.09 million
total stockholders' deficit.

KWCO, PC, in Odessa, TX, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2013.  The independent auditors noted that the Company's
significant operating losses since inception raise substantial
doubt about its ability to continue as a going concern.


PETTERS COMPANY: Trustee Settles With West LB for $15MM
-------------------------------------------------------
Douglas A. Kelley, Chapter 11 Trustee for Petters Company, sought
and obtained approval from Judge Gregory F. Kishel, Chief Judge of
the United States Bankruptcy Court for the District of Minnesota,
of a settlement agreement entered into with Portigon AG, sued as
West LB AG, New York Branch, and West Landesbank AG.

The Settlement Agreement provides the following terms:

   (a) WestLB will deliver to the Trustee indefeasible payment in
the amount of $15,000,000 in full and final settlement of all
claims against it.

   (b) WestLB agrees to cooperate and provide truthful and complete
information to the Trustee in any reasonable investigation or
litigation undertaken by the Trustee arising from or relating in
any way to its business affairs concerning or relating to the
Avoidance Action, including but not limited to and without
objection, (a) producing documents and data pursuant to the
Trustee’s reasonable request, (b) responding and answering
discovery demands and subpoenas propounded by the Trustee and (c)
producing witnesses upon the Trustee’s reasonable request.

   (c) The Trustee agrees to reimburse the Defendant for its
reasonable costs and expenses in performing its obligation in a sum
not to exceed $15,000 subject to authorization by the Trustee to
incur such additional costs and expenses as deemed necessary.

In reaching settlements with WestLB, the Trustee analyzed the
economic realities of the claims and disputes being settled,
specifically his claims against, and the defenses asserted by
WestLB, the risks of continued litigation and also considered the
prospects of recovery associated with the enforcement of any
judgment against a foreign bank in liquidation proceedings. Thus,
according to the Trustee, the Settlement Agreement provides
immediate and concrete benefits to the Bankruptcy Estates and their
creditors while minimizing the risks, costs, and delays of further
litigation and collection of a judgment against a foreign German
bank in liquidation and is in the best interest of the Bankruptcy
Estates.

In response to the Opposition submitted by Yorkville Investments I,
L.L.C, the Trustee avers that the settlement, which recovers
$15,000,000 for the benefit of creditors or 100% of the interest
and a portion of the fees West LB received during the course of the
Ponzi scheme, is the product of arms’ length negotiations that
occurred as part of mediation conducted before retired Hennepin
County Judge Richard Solum. The Settlement Agreement produces a
substantial recovery, minimizes the expenses and uncertainties
associated with litigation and collection, is in the best interests
of creditors and should be approved.

Chapter 11 Trustee Douglas A. Kelley is represented by:

     James A. Lodoen, Esq.
     Mark. D Larsen, Esq.
     Adam C. Ballinger, Esq.
     LINDQUIST&VENNUM LLP
     4200 IDS Center
     80 South Eighth Street
     Minneapolis, MN 55402-2274
     Telephone: (612) 371-3211
     Facsimile: (612) 371-3207
     Email: jlodoen@lindquist.com
            mllarsen@lindquist.com
            aballinger@lindquist.com

        About Petters Company

Based in Minnetonka, Minn., Petters Group Worldwide LLC is a
collection of some 20 companies, most of which make and market
consumer products.  It also works with existing brands through
licensing agreements to further extend those brands into new
product lines and markets.  Holdings include Fingerhut (consumer
products via its catalog and Web site), SoniqCast (maker of
portable, WiFi MP3 devices), leading instant film and camera
company Polaroid (purchased for $426 million in 2005), Sun Country
Airlines (acquired in 2006), and Enable Holdings (online
marketplace and auction for consumers and manufacturers' overstock
inventory).  Founder and chairman Tom Petters formed the company in
1988.

Petters Company, Inc., is the financing and capital-raising unit of
Petters Group Worldwide.

Thomas Petters, the founder and former CEO of Petters Group, has
been indicted and a criminal proceeding against him is proceeding
in the U.S. District Court for the District of Minnesota.

Petters Company, Petters Group Worldwide and eight other affiliates
filed separate petitions for Chapter 11 protection (Bankr. D. Minn.
Lead Case No. 08-45257) on Oct. 11, 2008.  In its petition, Petters
Company estimated its debts at $500 million and $1 billion.  Parent
Petters Group Worldwide estimated its debts at not more than
$50,000.

Petters Aviation, LLC, and affiliates MN Airlines, LLC, doing
business as Sun Country Airlines, Inc., and MN Airline Holdings,
Inc., filed separate petitions for Chapter 11 bankruptcy protection
(Bankr. D. Minn. Case Nos. 08-45136, 08-35197 and 08-35198) on Oct.
6, 2008.  Petters Aviation is a wholly owned unit of Thomas Petters
Inc. and owner of MN Airline Holdings, Sun Country's parent
company.

The Official Committee of Unsecured Creditors is represented by
David E. Runck, Esq., Lorie A. Klein, Esq., at Fafinski Mark &
Johnson, P.A.

Trustee Douglas A. Kelley is represented by James A. Lodoen, Esq.,
Mark D. Larsen, Esq., Kirstin D. Kanski, Esq., Adam C. Ballinger,
Esq., at Lindquist & Vennum LLP.


POSITIVEID CORP: Authorized Capital Stock Hiked to 3.9B Shares
--------------------------------------------------------------
The majority stockholders of PositiveID Corporation voted to
approve and adopt a Certificate of Amendment to the Company's
Second Amended and Restated Certificate of Incorporation, as
amended, to increase the Company's authorized capital stock from
1,975,000,000 shares to 3,900,000,000 shares, such that the capital
stock of the company will consist of 3,895,000,000 shares of common
stock, par value $0.01 per share, and 5,000,000 shares of preferred
stock, par value $0.01 per share.

On Feb. 25, 2016, the Company filed the Amendment to the Company's
Certificate of Incorporation with the Secretary of State of the
State of Delaware.

                      About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $8.22 million on $945,000 of revenue for the year ended
Dec. 31, 2014, compared with a net loss attributable to common
stockholders of $13.33 million on $0 of revenue for the year ended
Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $1.04 million in total
assets, $10.86 million in total liabilities and a $9.82 million
total stockholders' deficit.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014.  The accounting firm noted that the
Company reported a net loss, and used cash for operating
activities of approximately $7.19 million and $2.57 million
respectively, in 2014.  At Dec. 31, 2014, the Company had a working
capital deficiency, stockholders' deficit and accumulated deficit
of approximately $8.076 million, $8.45 million and $133 million,
respectively.


POSTROCK ENERGY: In Default of Amended Credit Agreement
-------------------------------------------------------
PostRock Energy Corporation on Feb. 29 that it has received written
notice from the Administrative Agent of the Third Amended and
Restated Credit Agreement originally dated December 20, 2012 (the
"Credit Agreement"), that PostRock is in default of the Credit
Agreement.  The default is due to its failure to make the quarterly
interest payment due February 11, 2016, and its failure to cure the
borrowing base deficiency.  The notice was received one day after
PostRock's previous press release from February 25, 2016, which
announced that PostRock was unable to reduce the outstanding amount
under its credit facility to its borrowing base and that PostRock
did not make the last quarterly interest payment.

The Administrative Agent has notified PostRock that, among other
things, the commitments of each lender to make revolving loans are
terminated, interest on the principal amount of all outstanding
obligations will accrue at the default rate under the Credit
Agreement, and accrued and unpaid interest on all past due amounts
will be due and payable on demand.  The lenders have, at this
point, not accelerated the balance of PostRock's indebtedness or
exercised any other rights and remedies they have under the Credit
Agreement.  However, the lenders have preserved all rights and may
choose to accelerate the balance of PostRock's indebtedness or
exercise any other rights and remedies at any time.

PostRock is engaged in the acquisition, exploration, development,
production and gathering of crude oil and natural gas.  Its primary
production activity is focused in the Cherokee Basin, a 15-county
region in southeastern Kansas and northeastern Oklahoma.  PostRock
owns and operates over 2,500 wells and nearly 2,200 miles of gas
gathering lines in the Basin.  It also owns and operates minor oil
and gas producing properties in the Appalachian Basin.


PRIMORSK INT'L: Granted Protections of Bankruptcy Code
------------------------------------------------------
Primorsk International Shipping Limited received final approval of
its request for protections granted to a debtor under the
Bankruptcy Code.

The order, issued by U.S. Bankruptcy Judge Martin Glenn, granted
the company the protections described in sections 362, 365 and 525
of the Bankruptcy Code.  

The ruling would prevent or halt actions by anyone against
Primorsk, which include terminating its contracts, pursuing claims
and discriminating against the company solely because it is a
debtor under the Bankruptcy Code.

                   About Primorsk International

Headquartered in Nicosia, Cyprus, Primorsk International Shipping
Limited (Prisco) aka PISL operates a fleet of ice-class oil tankers
in the Arctic.  It was founded in 2004 and is owned by Apington
Investments, a British Virgin Islands holding company, which is
controlled by Russian native Alexander Kirilichev.

The Company (Bankr. S.D.N.Y. Case No. 16-10073) and affiliates
Boussol Shipping Limited (Bankr. S.D.N.Y. Case No. 16-10074),
Malthus Navigati on Limited (Bankr. S.D.N.Y. Case No. 16-10075),
Jixandra Shipping Limited (Bankr. S.D.N.Y. Case No. 16-10076),
Levaser Navigation Limited (Bankr. S.D.N.Y. Case No. 16-10077),
Hermine Shipping Limited (Bankr. S.D.N.Y. Case No. 16-10078),
Laperouse Shipping Limited (Bankr. S.D.N.Y. Case No. 16-10079),
Prylotina Shipping Limited (Bankr. S.D.N.Y. Case No. 16-10080),
Baikal Shipping Ltd (Bankr. S.D.N.Y. Case No. 16-10081), and Vostok
Navigation Ltd (Bankr. S.D.N.Y. Case No. 16-10082) filed separate
Chapter 11 bankruptcy petitions on Jan. 15, 2016.  The Company's
petitions were signed by Holly Felder Etlin, chief restructuring
officer.

On Jan. 21, 2016, the court ordered the joint administration of the
Debtors' cases under Case No. 16-10073.   

Primorsk estimated assets and liabilities between $100 million and
$500 million.

Judge Martin Glenn presides over the cases.

Andrew G. Dietderich, Esq., at Sullivan & Cromwell LLP serves as
the Debtors' bankruptcy counsel.  AlixPartners, LLP, is the
Debtors' financial and restructuring advisor.


PT HOLDCO: Court Grants Petition for Recognition of Canadian Cases
------------------------------------------------------------------
The U.S. Bankruptcy Court in Delaware granted the petitions of FTI
Consulting Canada Inc. for recognition of the insolvency
proceedings of PT Holdco Inc. and its affiliates in Canada.  

FTI, the firm appointed by a Canadian court as monitor and foreign
representative for the companies, filed Chapter 15 petitions in
Delaware in order to get the Canadian proceedings to be recognized
as a foreign main proceeding.

If a foreign proceeding is recognized as a foreign main proceeding,
the automatic stay under Section 362 of the Bankruptcy Code
automatically applies to stay actions against assets of a debtor
located in the United States.

                         About PT Holdco

PT Holdco, Inc., et al., filed Chapter 15 bankruptcy petitions
(Bankr. D. Del. Case Nos. 16-10131 to 16-10135) on Jan. 19, 2016.
FTI Consulting Canada Inc., signed the petition in its capacity as
Monitor.  Elliott Greenleaf, P.C. represents the Monitor as
counsel.

The Primus Entities re-sell a wide selection of residential and
business telecommunications services (with the exception of
wireless phone services).

As of Dec. 9, 2015, the Primus Entities employed approximately 500
people in Canada and 28 in the United States.

As of Nov. 30, 2015, the Primus Entities had a net book value of
approximately $145,147,981 in assets and consolidated liabilities
totaling $100,972,326.

On Jan. 21, 2016, the bankruptcy court ordered the joint
administration of the Primus Entities' Chapter 15 cases under Case
No. 16-10131.


QUIRKY INC: Governmental Bar Date Set for March 21
--------------------------------------------------
The Hon. Martin Glenn of the U.S. Bankruptcy Court for the Southern
District of New York established 5:00 p.m., on Feb. 29, 2016, as
the deadline for any person or entity to file proofs of claim
against Quirky, Inc., et al.

Judge Glenn also set March 21, 2016 as at 5:00 p.m., as the
governmental unit bar date.

Proofs of claim must be filed either electronically through the
claims agent's website at -- www.quirkybankruptcy.com -- or by
mailing the original proof of claim either by U.S. Postal Service
mail or overnight delivery the original proof of claim to the
United States Bankruptcy Court, Southern District of New York, c/o
Rust Omni, 5955 DeSoto Ave., Suite 100, Woodland Hills, CA 91367
or by delivering the original proof of claim by hand to the United
States Bankruptcy Court, Southern District of New York One
Bowling Green, Room 534, New York, NY 10004.

Headquartered in New York City, Quirky designs and develops
various products ranging from electronics, home and garden,
kitchen
and organization and sells those products through big box
retailers
like Target and Home Depot and online through its Web site.  The
Company sold over 150 different products and a total of 4 million
units, generating over $50 million in revenue from its retail and
consulting businesses in 2014.

Quirky, Inc., Wink, Inc. and Undercurrent Acquisition, LLC filed
Chapter 11 bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No.
15-12596) on Sept. 22, 2015, with a deal to sell their assets
related to the Wink business line as a going concern to
Flextronics International USA Inc., for $15 million, absent higher
and better offers.

The petitions were signed by Charles Kwalwasser, the chief
administrative officer.

Judge Martin Glenn is assigned to the jointly administered cases.

Quirky estimated assets in the range of $10 million to $50 million
and liabilities of at least $50 million.

The Debtors have engaged Cooley LLP as counsel, Klestadt Winters
Jureller Southard & Stevens LLP as conflicts counsel, Centerview
Partners LLC as investment bankers, FTI Consulting, Inc., as
financial advisors, Rust Consulting/Omni Bankruptcy as claims and
noticing agent and Hilco IP Services LLC dba Hilco Streambank as
intellectual property disposition consultant to Quirky, Inc.

The U.S. Trustee for Region 2 appointed five members to the
Official Committee of Unsecured Creditors.


REALOGY HOLDINGS: Announces Pricing of Add'l Senior Notes Offering
------------------------------------------------------------------
Realogy Holdings Corp. announced that its indirect, wholly-owned
subsidiary, Realogy Group LLC, together with a co-issuer, priced
$250 million aggregate principal amount of 5.250% senior notes due
2021 at the initial offering price of 100.25% of the principal
amount in a private offering that is exempt from the registration
requirements of the Securities Act of 1933, as amended.  The Notes
will be issued under the same indenture as the $300 million
aggregate principal amount of Realogy Group's 5.250% senior notes
due 2021 issued on Nov. 21, 2014.  The Notes will have identical
terms, other than the issue date, the issue price and the first
interest payment date, and will constitute part of the same series
as the Existing 5.250% Senior Notes.  The Notes will have the same
CUSIP numbers as the Existing 5.250% Senior Notes, except for the
Notes sold pursuant to Regulation S which will, on the 40th day
following the issue date of the Notes, have the same CUSIP numbers.
The Notes that have the same CUSIP numbers as the Existing 5.250%
Senior Notes are expected to be fungible with the Existing 5.250%
Senior Notes.  The closing of the offering is expected to occur on
March 1, 2016, subject to customary closing conditions.

The Notes will be guaranteed on an unsecured senior basis by each
of Realogy Group's domestic subsidiaries (other than the co-issuer
of the Notes) that is a guarantor under its senior secured credit
facilities and its outstanding securities.  The Notes will also be
guaranteed by the Company on an unsecured senior subordinated
basis.  The Notes will be effectively subordinated to all of
Realogy Group's existing and future senior secured debt, including
its senior secured credit facilities, to the extent of the value of
the assets securing such debt.

The Company intends to use the net proceeds from the offering of
the Notes to temporarily reduce outstanding borrowings under its
revolving credit facility and for working capital purposes, prior
to using such net proceeds to retire a portion of its outstanding
3.375% Senior Notes at maturity in May 2016.

The Notes and the related guarantees will not be registered under
the Securities Act or any state securities law and may not be
offered or sold in the United States absent registration or an
applicable exemption from registration under the Securities Act and
applicable state securities laws.  The Notes and the related
guarantees will be offered only to persons reasonably believed to
be qualified institutional buyers under Rule 144A of the Securities
Act and outside the United States under Regulation S of the
Securities Act.

                    About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in
residential real estate franchising with company-owned real estate
brokerage operations doing business under its franchise systems as
well as relocation and title services.  Realogy's brands and
business units include Better Homes and Gardens(R) Real Estate,
CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R),
The Corcoran Group(R), ERA(R), Sotheby's International Realty(R),
NRT LLC, Cartus and Title Resource Group.  Collectively, Realogy's
franchise system members operate approximately 13,500 offices with
251,000 independent sales associates doing business in 104
countries around the world. Realogy is headquartered in Madison,
N.J.

Realogy Holdings reported net income attributable to the Company of
$143 million on $5.32 billion of net revenues for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $438 million on $5.28 billion of net revenues during the prior
year.

As of Sept. 30, 2015, the Company had $8.02 billion in total
assets, $5.63 billion in total liabilities and $2.39 billion in
total equity.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


REPUBLIC AIRWAYS: Plans to Implement Procedures to Protect NOLs
---------------------------------------------------------------
Republic Airways Holdings Inc., et al., seek permission from the
Bankruptcy Court to implement procedures intended to protect their
estates against the possible loss of valuable tax benefits that
could flow from inadvertent violations of the automatic stay.

Specifically, the Debtors request authority to, among other things:
(i) establish and implement restrictions and notification
requirements regarding tax ownership and certain transfers of
common stock of Republic Airways Holdings Inc., and (ii) establish
"sell down" procedures with respect to Covered Claims.

Bruce R. Zirinsky, Esq., at Zirinsky Law Partners PLLC, relates
that the United States Tax Code generally permits corporations to
carry forward their tax attributes to reduce future taxable income.
The Tax Attributes could translate into future tax savings over
time and the availability of these tax savings may prove crucial to
the financial health of the reorganized Debtors.

As disclosed in documents filed with the Court, Republic has
certain attributes for U.S. federal income tax purposes, which
include, as of Dec. 31, 2015, approximately $1.4 billion in
estimated, consolidated net operating loss carryforwards ("NOLs").


Republic's ability to use the Tax Attributes to reduce future tax
liability is subject to certain statutory limitations, including,
among other things, an "ownership change" within the meaning of
Section 382 of the Tax Code.

"Republic needs the ability to enforce the stay to preclude certain
transfers and to monitor and possibly object to other changes in
the ownership of Stock," Mr. Zirinsky asserts.

                      About Republic Airways

Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation.  Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000
flights daily to 105 cities in 38 states, Canada, the Caribbean,
and the Bahamas through Republic's fixed-fee codeshare agreements
under our major airline partner brands of American Eagle, Delta
Connection and United Express.  The airlines currently employ about
6,000 aviation professionals.  

On Feb. 25, 2016 Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York.   The
Debtors have requested that their cases be jointly administered
under Case No. 16-10429.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring.  Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and noticing
agent.


REPUBLIC AIRWAYS: Requests 30-Day Extension to File Schedules
-------------------------------------------------------------
Republic Airways Holdings Inc. and its debtor affiliates have asked
the Bankruptcy Court to:

  (a) extend their deadline to file schedules of assets and
      liabilities, schedules of executory contracts and unexpired
      leases, and statements of financial affairs by an additional
      30 days, through April 11, 2016;

  (b) extend the time to file the initial report of financial
      information with respect to any nondebtor entities in which
      they hold a controlling or substantial interest, or to file
      a motion with the Court seeking a modification of those
      reporting requirements for cause;

  (c) waive the requirements to file a list of creditors; and

  (d) waive the requirement to file a list of equity security
      holders within 14 days of the Petition Date.

The Debtors filed with the Court a consolidated list of creditors
holding the 10 largest secured claims against their estates and a
consolidated list of creditors holding the 40 largest unsecured
claims against their estates.  The Debtors have approximately $3.56
billion in assets and approximately $2.97 billion in liabilities as
indicated in their most recent consolidated balance sheet, and more
than 10,000 creditors.

According to the Debtors, given the size and complexity of their
operations, they anticipate they will be unable to complete the
Schedules in the mere 14 days provided under Fed. R. Bankr. P.
1007(c).  While they are mobilizing their employees to work
diligently and expeditiously on preparing the Schedules, the
Debtors maintained their resources are strained.

Bruce R. Zirinsky, Esq., at Zirinsky Law Partners PLLC, counsel for
the Debtors, related that cause exists to extend the deadline for
filing the 2015.3 Reports based on the size, complexity, and
geographic reach of Republic's business and the substantial burdens
imposed by compliance with rule 2015.3 in the early days of these
Chapter 11 cases.  He added that extending the deadline for the
initial Rule 2015.3 Reports also will enable Republic to work with
its advisors and the Office of the United States Trustee to
determine the appropriate nature and scope of the 2015.3 Reports
and any proposed modifications to thereporting requirements.

Republic has filed a motion to retain and employ Prime Clerk LLC as
their claims and noticing agent.  Mr. Zirinsky asserted that
because Prime Clerk will receive the list of creditors and will use
the list to furnish the notice of commencement to creditors, filing
the list of creditors would serve no useful purpose and
accordingly, the Notice Rules should be waived.

Mr. Zirinsky maintained that preparing the list of equity security
holders with last-known addresses and sending notices to all
parties on the Equity List is unnecessary at this time and would
create an additional expense without a concomitant benefit to the
estates.  Mr. Zirinsky further said that to the extent equity
security holders are entitled to distributions or entitled to vote
on a Chapter 11 plan, those parties can nevertheless be provided
with the appropriate bar date or plan-related notices and then have
an opportunity to assert their interests.

                      About Republic Airways

Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation.  Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000
flights daily to 105 cities in 38 states, Canada, the Caribbean,
and the Bahamas through Republic's fixed-fee codeshare agreements
under our major airline partner brands of American Eagle, Delta
Connection and United Express.  The airlines currently employ about
6,000 aviation professionals.  

On Feb. 25, 2016 Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York.   The
Debtors have requested that their cases be jointly administered
under Case No. 16-10429.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring. Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and noticing
agent.


REPUBLIC AIRWAYS: Taps Prime Clerk as Administrative Advisor
------------------------------------------------------------
Republic Airways Holdings Inc., et al., seek permission from the
Bankruptcy Court to employ Prime Clerk LLC as their administrative
advisor, nunc pro tunc to the Petition Date, to:

  (a) assist with, among other things, solicitation, balloting,
      and tabulation of votes and prepare any related reports, as
      required in support of confirmation of a Chapter 11 plan,
      and in connection with such services, process requests for
      documents from parties in interest, including, if
      applicable, brokerage firms, bank back-offices and     
      institutional holders;

  (b) prepare an official ballot certification and, if necessary,
      testify in support of the ballot tabulation results;

  (c) assist with the preparation of the Debtors' schedules of
      assets and liabilities and statements of financial affairs
      and gather data in conjunction therewith;

  (d) provide a confidential data room, if requested;

  (e) manage and coordinate any distributions pursuant to a
      Chapter 11 plan if requested; and

  (f) provide such other processing, solicitation, balloting and
      other administrative services.

The Debtors agree to pay Prime Clerk at its customary hourly rates
and reimburse the firm for reasonable expenses.

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

Prime Clerk represents it is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code.

                       About Republic Airways
  
Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation.  Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000
flights daily to 105 cities in 38 states, Canada, the Caribbean,
and the Bahamas through Republic's fixed-fee codeshare agreements
under our major airline partner brands of American Eagle, Delta
Connection and United Express.  The airlines currently employ about
6,000 aviation professionals.  

On Feb. 25, 2016 Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York.   The
Debtors have requested that their cases be jointly administered
under Case No. 16-10429.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring.  Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and noticing
agent.


RETROPHIN INC: Approves $944,000 Cash Bonuses for Executives
------------------------------------------------------------
The Board of Directors of Retrophin, Inc., approved the following
2015 performance-based bonuses for the Company's executive officers
pursuant to the Company's 2015 Executive/Designated Officer Annual
Bonus Plan:

  * Stephen Aselage, the Company's chief executive officer, was
    granted a performance-based cash bonus equal to $302,400;

  * Laura Clague, the Company's chief financial officer, was
    granted a performance-based cash bonus equal to $186,680;

  * Alvin Shih, M.D., the Company's executive vice president of
    Research and Development, was granted a performance-based cash
    bonus equal to $234,000; and

  * Margaret Valeur-Jensen, Ph.D., the Company's general counsel,
    was granted a performance-based cash bonus equal to $221,000.

Additionally, on Feb. 23, 2016, the Board approved the following
annual base salary increases for the Company's executive officers:


  * Stephen Aselage had his annual base salary increased to
    $516,500;

  * Laura Clague had her annual base salary increased to $369,800;

  * Alvin Shih, M.D. had his annual base salary increased to
    $463,500; and

  * Margaret Valeur-Jensen, Ph.D. had her annual base salary
    increased to $437,800.

2016 Executive Officer Annual Bonus Plan

On Feb. 23, 2016, the Board approved the adoption of the 2016
Retrophin, Inc. Executive Officer Annual Bonus Plan for the
Company's executive officers.

Each participant in the Bonus Plan has been assigned a target bonus
percentage of such participant's current base salary for 2016.
Pursuant to the terms of the Bonus Plan, the target bonus
percentage is set at 60% of base salary for the Chief Executive
Officer and 50% of base salary for the other executive officers.

The amounts payable to each participant under the Bonus Plan will
be based entirely on the determination by the Compensation
Committee of the Board of the achievement by the Company of
corporate performance goals.  Depending on actual corporate
performance during 2016, the Compensation Committee may, in its
sole discretion, determine a goal achievement percentage under the
Bonus Plan within a range between 0% and 125%.

A participant's bonus under the Bonus Plan will be equal to his or
her annual base salary, multiplied by his or her target bonus
percentage, multiplied by the goal achievement percentage
determined by the Compensation Committee.  However, no payments
will be made pursuant to the Bonus Plan in the event that the
Compensation Committee determines that less than 50% of the
corporate performance goals are achieved.

The corporate performance goals under the Bonus Plan for 2016
relate to (i) total revenues and operating profit, (ii) read out of
the Phase II sparsentan clinical trial, (iii) initiation of a trial
for RE-024, (iv) agreement with the FDA on a path forward for the
addition of CTX indication to the FDA approved label for Chenodal,
(v) initiation of Cholbam U.S. registry, (vi) at least one business
development transaction, (vii) identification of lead compounds in
the discovery program, (viii) expansion of the investor base, (ix)
resolution of litigation, and (x) internal operational objectives.

                           About Retrophin

Retrophin, Inc., develops, acquires and commercializes therapies
for the treatment of serious, catastrophic or rare diseases.  The
Company offers Chenodal(R), a treatment for gallstones;
Vecamyl(R), a treatment for moderately severe to severe essential
hypertension and uncomplicated cases of malignant hypertension;
and Thiola, for the prevention of kidney stone formation in
patients with severe homozygous cystinuria.

Retrophin reported a net loss of $111 million in 2014 following a
net loss of $34.6 million in 2013.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2014.  The accounting firm noted that the Company has
suffered recurring losses from operations, used significant
amounts of cash in its operations, and expects continuing future
losses.  In addition, at Dec. 31, 2014, the Company had
deficiencies in working capital and net assets of $70.2 million and
$37.3 million, respectively.  Finally, while the Company was in
compliance with its debt covenants at Dec. 31, 2014, it expects to
not be in compliance with these covenants in 2015.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern, the auditors said.


RETROPHIN INC: Posts $117 Million Net Income for 2015
-----------------------------------------------------
Retrophin, Inc., filed with the Securities and Exchange Commission
its annual report on Form 10-K disclosing net income of $117
million on $99.9 million of net product sales for the year ended
Dec. 31, 2015, compared to a net loss of $111 million on $28.2
million of net product sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Retrophin had $512 million in total assets,
$212 million in total liabilities and $300 million in total
stockholders' equity.

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

                       http://is.gd/tJUwXb

                         About Retrophin

Retrophin, Inc., develops, acquires and commercializes therapies
for the treatment of serious, catastrophic or rare diseases.  The
Company offers Chenodal(R), a treatment for gallstones;
Vecamyl(R), a treatment for moderately severe to severe essential
hypertension and uncomplicated cases of malignant hypertension;
and Thiola, for the prevention of kidney stone formation in
patients with severe homozygous cystinuria.

                             *   *    *

This concludes the Troubled Company Reporter's coverage of
Retrophin, Inc. until facts and circumstances, if any, emerge that
demonstrate financial or operational strain or difficulty at
a level sufficient to warrant renewed coverage.


RETROPHIN INC: Reports Q4 and Full Year 2015 Financial Results
--------------------------------------------------------------
Retrophin, Inc., reported a net loss of $2.46 million on $30.44
million of net product sales for the three months ended Dec. 31,
2015, compared to a net loss of $29.02 million on $14.08 million of
net product sales for the three months ended Dec. 31, 2014.

For the 12 months ended Dec. 31, 2015, the Company reported net
income of $117 million on $99.9 million of net product sales
compared to a net loss of $111 million on $28.2 million of net
product sales for the 12 months ended Dec. 31, 2014.

As of Dec. 31, 2015, Retrophin had $512 million in total assets,
$212 million in total liabilities and $300 million in total
stockholders' equity.

"The fourth quarter capped a year of meaningful achievements for
Retrophin," said Stephen Aselage, chief executive officer of
Retrophin.  "In 2015, we were able to strengthen our balance sheet,
advance our pipeline, and significantly improve our commercial
outlook with continued uptake of Thiola and the addition of
Cholbam."

Mr. Aselage continued, "Our execution in 2015 sets Retrophin up for
what could be a transformational year in 2016, as we reach key
clinical milestones with the readout of top-line data from the DUET
trial, and the initiation of a trial evaluating RE-024's efficacy
in PKAN.  Coupled with continued commercial growth, we expect these
developments to create substantial value for our shareholders."

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

                       http://is.gd/gtkIaa

                         About Retrophin

Retrophin, Inc., develops, acquires and commercializes therapies
for the treatment of serious, catastrophic or rare diseases.  The
Company offers Chenodal(R), a treatment for gallstones;
Vecamyl(R), a treatment for moderately severe to severe essential
hypertension and uncomplicated cases of malignant hypertension;
and Thiola, for the prevention of kidney stone formation in
patients with severe homozygous cystinuria.

Retrophin reported a net loss of $111 million in 2014 following a
net loss of $34.6 million in 2013.

BDO USA, LLP, in New York, issued a "going concern" qualification
on the consolidated financial statements for the year ended
Dec. 31, 2014.  The accounting firm noted that the Company has
suffered recurring losses from operations, used significant
amounts of cash in its operations, and expects continuing future
losses.  In addition, at Dec. 31, 2014, the Company had
deficiencies in working capital and net assets of $70.2 million and
$37.3 million, respectively.  Finally, while the Company was in
compliance with its debt covenants at Dec. 31, 2014, it expects to
not be in compliance with these covenants in 2015.  These matters
raise substantial doubt about the Company's ability to continue as
a going concern, the auditors said.


ROSETTA GENOMICS: Gets OK for Thyroid Cancer Diagnostic Assay
-------------------------------------------------------------
Rosetta Genomics Ltd. announced conditional approval status for
RosettaGX Reveal, its novel microRNA classifier for the diagnosis
of indeterminate thyroid Fine Needle Aspirate smears from the New
York State Department of Health under the Company's Molecular
Oncology permit.  RosettaGX Reveal is the only molecular test in
the thyroid market that has been validated in a multicenter,
international, blinded study using convenient, routinely prepared
cytology slides.

The assay is CLIA certified, but New York requires an additional
license from the NYSDOH for CLIA-certified tests to be offered to
patients in the state.  With this conditional approval, RosettaGX
Reveal is now available in all 50 states.  In making the assay
available pending final approval, the NYSDOH requires the Company
to provide any additional information that it may request within 60
business days.

"We are very pleased to have approval to market this important
cancer diagnostic for the benefit of physicians and patients in the
vast New York market," stated Kenneth A. Berlin, president and
chief executive officer of Rosetta Genomics.  "It is estimated that
nearly 550,000 FNAs are performed on thyroid nodules each year in
the U.S. and that approximately 740,000 are performed annually in
Europe.  Interpretation of FNA samples is not always
straightforward, leading to an indeterminate result in up to 30% of
the samples.  Many patients with indeterminate results undergo
surgery as a precaution despite the fact that up to 80% of these
cases are benign. This exposes patients to unnecessary surgical
risk and costs the healthcare system hundreds of millions of
dollars.  Through an analysis of our validation study data, we
believe we can help prevent up to 75% of unnecessary thyroid
surgeries."

"In addition to this expanded geographic access, recent managed
care contracting initiatives have resulted in covered lives for
RosettaGX Reveal exceeding 150 million in the U.S.  These increases
in geographic and health insurance access, along with the potential
health economic benefits the RosettaGX Reveal assay can bring by
avoiding unnecessary surgeries, should enhance adoption into a
market valued at more than $350 million annually in the U.S. alone.
This market is one that continues to see accelerating penetration
of molecular classifiers such as RosettaGX Reveal, which we expect
to continue over the next several years," added Mr. Berlin.

                         About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
$14.5 million on $1.32 million for the year ended Dec. 31, 2014, a
loss from continuing operations of $13.2 million in 2013 and a
loss from continuing operations of $10.69 million in 2012.

As of June 30, 2015, Rosetta Genomics had $23.3 million in total
assets, $3.49 million in total liabilities and $19.8 million in
total shareholders' equity.

                        Bankruptcy Warning

"We will likely require substantial additional funding and expect
to augment our cash balance through financing transactions,
including the issuance of debt or equity securities and further
strategic collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance of
ordinary shares, various series of debt securities and/or warrants
to purchase any of such securities, either individually or in
units, with a total value of up to $75 million, from time to time
at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19, 2012.
As of the time of the filing of this Annual Report on Form 20-F, we
had sold through the Cantor Sales Agreement an aggregate of
4,736,854 of our ordinary shares for gross proceeds of $19.9
million under this shelf registration statement, leaving an
aggregate of approximately $55.1 million of securities available
for sale under this Form F-3, subject to limitations imposed by the
SEC for companies with a public float of less than $75 million.  If
we need additional funding, there can be no assurance that we will
be able to obtain adequate levels of additional funding on
favorable terms, if at all.  If adequate funds are needed and not
available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company said in its annual report for the
     year ended Dec. 31, 2014.


ROSETTA GENOMICS: Launches Three New Product Offerings
------------------------------------------------------
Rosetta Genomics Ltd. announced the launch of three high-value
molecular diagnostic offerings in order to better serve current and
prospective clients with a broader molecular test menu.  HEME FISH,
a portfolio of disease-specific diagnostic, prognostic and
predictive test panels for the various hematologic malignancies,
BRAF mutation analysis for lung cancer and NRAS mutation analysis
for colon cancer are now available through the Company's Lake
Forest, CA-based laboratory, which it acquired in 2015.

These tests further expand the Company's robust solid tumor service
offering and provide clients with the ability to order the
Company's new molecular testing services for their liquid tumors.

HEME FISH encompasses multiple fluorescence in situ hybridization
(FISH) tests for detection of amplifications or rearrangements of
DNA in a number of hematologic cancers, such as leukemias,
lymphomas and myelomas in order to form a diagnosis and/or to
evaluate prognosis or remission of disease.  Rosetta is expanding
its portfolio in Hematology by leveraging years of experience and
recognized competence in FISH test development.

BRAF Lung and NRAS Colon are mutation analysis assays that are
performed by CAST PCR technology.  These assays are highly specific
and sensitive and can detect as low as 0.5% mutated DNA in a sample
that contains large amounts of normal, wild-type gDNA. Certain
non-small cell lung cancer (NSCLC) patients who harbor BRAF V600E
mutations have been known to respond to targeted BRAF kinase
inhibitors.  Colon cancer patients with NRAS mutations are less
likely to respond to Epidermal Growth Factor Receptor-directed
therapies, and NRAS has been included as an important biomarker in
the most recent version of the National Comprehensive Cancer
Network guidelines.

"Lung, colon and hematologic cancers are some of the most prevalent
cancers worldwide.  The commercial launch of these three high-value
assays expands our diagnostic testing services in oncology and
provides an even more comprehensive menu of testing services to the
oncologists and pathologists we serve. Importantly, each of these
tests provides clinicians with information that can enhance the
diagnosis and treatment plans for their patients," stated Kenneth
A. Berlin, president and chief executive officer of Rosetta
Genomics.  "These tests will be included as covered tests with
America's Choice Provider Network and our current contracted
population of 210 million commercial and Medicare covered lives.
Furthermore, these additions to our broad molecular testing
portfolio enhance our competitive position by allowing us to
service more of the needs of our oncology and pathology
customers."

"We are particularly excited about the revenue opportunity for our
HEME FISH panel of tests as the Centers for Medicare & Medicaid
Services recently announced significant reimbursement increases for
these tests effective January 1, 2016 and we already have one large
customer committed to ordering this panel on a consistent basis.
We expect this new offering to contribute to Rosetta's revenue
growth in the clinical testing market this year as well as over the
next several years.  In addition, our recognized expertise in FISH
and our growing menu of tests serving the hematology-oncology and
pathology markets will help strengthen our position with leading
managed care plans as a provider of choice for high-quality FISH
testing and should enhance our goal to sign additional
participation agreements in 2016," added Mr. Berlin.

                         About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
$14.5 million on $1.32 million for the year ended Dec. 31, 2014, a
loss from continuing operations of $13.2 million in 2013 and a
loss from continuing operations of $10.69 million in 2012.

As of June 30, 2015, Rosetta Genomics had $23.3 million in total
assets, $3.49 million in total liabilities and $19.8 million in
total shareholders' equity.

                        Bankruptcy Warning

"We will likely require substantial additional funding and expect
to augment our cash balance through financing transactions,
including the issuance of debt or equity securities and further
strategic collaborations.  On December 7, 2012, we filed a shelf
registration statement on Form F-3 with the SEC for the issuance of
ordinary shares, various series of debt securities and/or warrants
to purchase any of such securities, either individually or in
units, with a total value of up to $75 million, from time to time
at prices and on terms to be determined at the time of such
offerings.  The filing was declared effective on December 19, 2012.
As of the time of the filing of this Annual Report on Form 20-F, we
had sold through the Cantor Sales Agreement an aggregate of
4,736,854 of our ordinary shares for gross proceeds of $19.9
million under this shelf registration statement, leaving an
aggregate of approximately $55.1 million of securities available
for sale under this Form F-3, subject to limitations imposed by the
SEC for companies with a public float of less than $75 million.  If
we need additional funding, there can be no assurance that we will
be able to obtain adequate levels of additional funding on
favorable terms, if at all.  If adequate funds are needed and not
available, we may be required to:

   * delay, reduce the scope of or eliminate certain research and
     development programs;

   * obtain funds through arrangements with collaborators or
     others on terms unfavorable to us or that may require us to
     relinquish rights to certain technologies or products that we
     might otherwise seek to develop or commercialize
     independently;

   * monetize certain of our assets;

   * pursue merger or acquisition strategies; or

   * seek protection under the bankruptcy laws of Israel and the
     United States," the Company said in its annual report for the
     year ended Dec. 31, 2014.


SATURN CORPORATION: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Saturn Corporation
        4701 Lydell Road
        Cheverly, MD 20781

Case No.: 16-12421

Chapter 11 Petition Date: February 28, 2016

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

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: Gary H. Leibowitz, Esq.
                  COLE SCHOTZ P.C.
                  300 E. Lombard Street, Suite 1450
                  Baltimore, MD 21202
                  Tel: (410) 528-2971
                  Fax: (410) 230-0667  
                  E-mail: gleibowitz@coleschotz.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Fielding W. Yost, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mdb16-12421.pdf


SEMLER SCIENTIFIC: Incurs $8.50 Million Net Loss in 2015
--------------------------------------------------------
Semler Scientific, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to common stockholders of $8.50 million on $7 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss attributable to common stockholders of $4.51 million on
$3.63 million of total revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $3.07 million in total assets,
$4.15 million in total liabilities and a total stockholders'
deficit of $1.07 million.

BDO USA, LLP, in New York, New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital, a deficit in stockholders' equity, recurring losses from
operations and expects continuing future losses that raise
substantial doubt about its ability to continue as a going concern.


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

                      http://is.gd/1ATQiy

                     About Semler Scientific

Semler Scientific, Inc. provides diagnostic and testing services to
healthcare insurers and physician groups.  The Portland,
Oregon-based Company develops, manufactures and markets innovative
proprietary products and services that assist healthcare providers
in evaluating and treating chronic diseases.


SHERWIN ALUMINA: Creditors Have Until March 11 to File Claims
-------------------------------------------------------------
A federal judge approved the deadline proposed by Sherwin Alumina
Company LLC for filing pre-bankruptcy claims against the company
and its affiliates.

The order, issued by U.S. Bankruptcy Judge David Jones, gives
creditors until March 11, 2016, to file proofs of claim.

This deadline is called a "bar date" because it means that
creditors who come forward after that date may be "barred" from
ever filing a claim against the company.

                     About Sherwin Alumina

Sherwin Alumina Company, LLC and Sherwin Pipeline, Inc. filed
Chapter 11 bankruptcy petitions (Bankr. S.D. Tex. Case Nos.
16-20012 and 16-20013, respectively) on Jan. 11, 2016.  Thomas
Russell signed the petitions as authorized signatory.  Judge David
R Jones has been assigned the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Zack A. Clement PLLC as local counsel, Huron Consulting Services
LLC as financial advisor and Kurtzman Carson Consultants LLC as
claims, notice and balloting agent.

Sherwin operates an alumina plant in Gregory, Texas that produces
aluminum oxide (or alumina), which is the primary component of
aluminum, from bauxite.  Sherwin produces alumina through the
"Bayer Process," a refining technique that produces alumina from
bauxite ore by dissolving the bauxite in a caustic solution.

On Feb. 5, 2016, the Debtors disclosed total assets of $254,617,187
and total liabilities of $218,177,760.


SIGA TECHNOLOGIES: Has Until April 16 to Solicit Plan Votes
-----------------------------------------------------------
The Hon. Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York further extended until April 16, 2016, Siga
Technologies, Inc.'s exclusive period for solicitation of
acceptances or rejections of a plan under Section 1121(c)(3) of the
Bankruptcy Code.

The Court scheduled a confirmation hearing on April 5, 2016, with
objections due by March 15, 2016.

According to the disclosure statement, "On or as soon as
reasonably
practicable after the later of (i) the Effective Date and (ii) the
date such General Unsecured Claim becomes Allowed, each holder of
an Allowed General Unsecured Claim will receive Cash in an amount
equal to such Allowed General Unsecured Claim up to Five Million
Dollars ($5,000,000), plus postpetition interest at the
Postpetition Interest Rate accrued from the Commencement Date to
the Effective Date.  

To the extent any such Allowed General Unsecured Claim is
$5,000,000 or less, such treatment will be in full settlement and
satisfaction of such Claim.  The PharmAthene Claim will be deemed
allowed to the extent of $5,000,000 on the Effective Date, if not
otherwise allowed in a greater amount on such date....The only
potential holder of an Allowed General Unsecured Claim in excess
of
Five Million Dollars ($5,000,000) is PharmAthene.  PharmAthene
will
receive in respect of the portion, if any, of the PharmAthene
Allowed Claim in excess of $5,000,000, in full settlement and
satisfaction of such Claim, the following: (i) Treatment on
PharmAthene Allowed Claim Treatment Date.  On the PharmAthene
Allowed Claim Treatment Date, treatment in accordance with one of
the following options, which option will be determined by the
Debtor or Reorganized Debtor, as applicable, in its sole and
absolute discretion: (A) Option 1: Payment in full in Cash of the
unpaid balance of the PharmAthene Allowed Claim.  Option 1 will
only be available if the PharmAthene Final Order provides for a
single lump sum payment, together with any interest, fees and
expenses included in such PharmAthene Final Order, to be paid to
PharmAthene (a 'Lump Sum Payment Award'); (B) Option 2: Treatment
of the PharmAthene Allowed Claim pursuant to and in compliance
with
the provisions of the PharmAthene Final Order if, and only if,
such
order provides for something other than a single lump sum payment
(plus any interest, fees and expenses included in such PharmAthene
Final Order) to be paid to PharmAthene (or an award of specific
performance))."

                     About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due
May 14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645
in liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
Proskauer Rose LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


SKYSTAR BIO-PHARMA: Nasdaq to Complete Delisting, Filings Delayed
-----------------------------------------------------------------
Skystar Bio-Pharmaceutical Company, a China-based manufacturer and
distributor of veterinary medicine, vaccines, micro-organisms and
feed additives, on Feb. 26 disclosed that The Nasdaq Stock Market
("Nasdaq") filed a Form 25 to complete the Company's delisting.
The Company will be delisted from Nasdaq on March 4, 2016.

The Company previously announced that, on December 17, 2015, the
Company received notification from Nasdaq that a Nasdaq hearing
panel had decided to delist the Company's securities from Nasdaq.
Skystar continues to trade on the OTC Pink market under ticker
'SKBI.'

Delinquent filings

Following the filing and acceptance of its delinquent quarterly and
fiscal year end reports with the Securities Exchange Commission
pursuant to the Exchange Act of 1934, as amended, Skystar intends
to continue to follow applicable Nasdaq listing standards,
notwithstanding its delisting.

As of the date of this release, the Company continues to make
progress with the completion of its delinquent quarterly and annual
reports and intends to file these reports with the SEC following
their completed review with Skystar's external auditors.

           About Skystar Bio-Pharmaceutical Company

Skystar -- http://www.skystarbio-pharmaceutical.com-- is a
China-based developer, manufacturer and distributor of veterinary
healthcare and medical care products.  Skystar has four product
lines: veterinary medicines, probiotics, vaccines and feed
additives formulated and packaged in house across several modern
manufacturing and distributions facilities.  Skystar's distribution
network includes almost 3,000 distribution agents of which 360 are
franchised stores with exclusivity agreements covering 29 provinces
throughout China.


ST MICHAEL'S MEDICAL: Needs Until June 5 to Decide on Leases
------------------------------------------------------------
Saint Michael's Medical Center, Inc., et al., ask the U.S.
Bankruptcy Court to further extend to June 5, 2016, their time to
assume or reject unexpired nonresidential real property leases.

The Debtors said they have been conducting part of their operations
at the premises since the Petition Date, subject to the unexpired
non-residential real property leases of lessors Franklin Equities,
Inc., and Northfield Avenue Realty Associates, LLC.  Accordingly,
the Debtors sought the Lessors' consent to further extend the
Determination Date to June 5, 2016, and both Lessors consented to
the extension.

Moreover, according to the Debtors, the Unexpired Leases represent
important assets of their estates because they enable the Debtors
to conduct part of their operations on the premises covered by
those leases, without these leaseholds the Debtors could not
continue to run their business operations and generate revenues at
those premises.  The Debtors will be compelled either to
prematurely assume or forfeit leases if they are not given the
opportunity to analyze the Unexpired Leases to determine whether
assumption or rejection is in their best interests and require an
additional time to discuss the Unexpired Leases with the Buyer,
Prime Healthcare Services - Saint Michael's, LLC.

The Debtors have expended a substantial amount of time addressing a
myriad of complex matters inherent in any Chapter 11 case,
including the sale of all or substantially all their assets to
Prime and the Debtors continued working with the relevant agencies
of the State of New Jersey to gain regulatory approval of the
sale.

Saint Michael's Medical Center, Inc., et al. is represented by:

     Michael D. Sirota, Esq.
     Ryan T. Jareck, Esq.
     COLE SCHOTZ P.C.
     Court Plaza North
     25 Main Street
     P.O. Box 800
     Hackensack, New Jersey 07602-0800
     Telephone: (201) 489-3000
     Facsimile: (201) 489-1536
     Email: msirota@coleschotz.com
            rjareck@coleschotz.com

        About Saint Michael's Medical Center

Saint Michael's Medical Center, Inc., was incorporated in 2008 to
acquire St. Michael's Medical Center and 2 other now defunct
hospitals (Saint James Hospital and Columbus Hospital) was acquired
from Cathedral Healthcare System Inc., a New Jersey nonprofit.

SMMC is a second tier subsidiary of Trinity Health Corporation.
The immediate sole corporate member of SMMC is Maxis Health System,
a Pennsylvania not-for-profit corporation.

Established by the Franciscan Sisters of the Poor in 1867, St.
Michael's Medical Center is a 357- bed licensed regional
tertiary-care, teaching, and research center in the heart of
Newark, New Jersey's business and educational district and is
accredited by The Joint Commission.

On Aug. 10, 2015, SMMC Inc. and three affiliated debtors each filed
a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
New Jersey.  The cases are pending before the Honorable Vincent F.
Papalia, and the Debtors requested that their cases be jointly
administered under Case No. 15-24999.

The Debtors tapped Cole Schotz P.C. as bankruptcy counsel;
EisnerAmper LLP as financial advisor; and Prime Clerk LLC as claims
and noticing agent.

SMMC estimated $100 million to $500 million in assets and debt.

United States Trustee Region 3, notified the United States
Bankruptcy Court for the District of New Jersey of the appointment
of Susan N. Goodman, RN JD, as patient care ombudsman in the
Chapter 11 case of Saint Michael's Medical Center, Inc., and its
debtor affiliates.

The U.S. trustee for Region 3, appointed seven creditors of Saint
Michael's Medical Center Inc. and its affiliates to serve on the
official committee of unsecured creditors.   Andrew H. Sherman,
Esq., Boris I. Mankovetskiy, Esq., and Lucas F. Hammonds, Esq., at
Sills Cummis & Gross PC, represent the Committee.


STAR COMPUTER: Committee Can Retain Stearns Weaver as Counsel
-------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
authorized the Official Committee of Unsecured Creditors in the
Chapter 11 case of Star Computer Group, Inc., to retain Patricia A.
Redmond, Esq., and the law firm of Stearns Weaver Miller Weissler
Alhadeff & Sitterson, P.A., as its counsel nunc pro tunc to Nov. 2,
2015.

Stearns Weaver is expected to:

   a. assist, advise and represent the Committee in its
consultation with the Debtor relative to the administration of this
Chapter 11 case;

   b. assist, advise and represent the Committee in analyzing the
Debtor's assets and liabilities, and in reviewing any proposals for
the sale and disposition of assets;

   c. attend meetings and negotiate with the representatives of the
Debtor, secured creditors and other parties-in-interest;

   d. assist and advise the Committee in its examination and
analysis of the conduct of the Debtors' affairs;

   e. assist the Committee in the review, analysis and negotiation
of any plan(s) of liquidation that may be filed and assist the
Committee in the review, analysis and negotiation of the disclosure
statement accompanying any plans of liquidation;

   f. assist the Committee in the review, analysis and negotiation
of any cash collateral, financing or funding arrangements;

   g. take all necessary action to protect and preserve the
interests of the Committee, including, without limitation,
prosecuting actions on its behalf, negotiating all litigation in
which the Debtor is involved, and reviewing and analyzing all
claims filed against the Debtor's estate;

   h. generally prepare on behalf of the Committee all necessary
motions, applications, answers, orders, reports and papers in
support of positions taken by the Committee;

   i. appear, as appropriate, before the Court, the appellate
courts and other courts in which matters may be heard and
protecting the interests of the Committee before such courts; and

   j. perform all other necessary legal services in the case.

Stearns Weaver intends to work closely with the Committee,
Development Specialists, Inc., and any other professionals the
Committee may retain in the case, to ensure that there is no
unnecessary duplication of services performed.

Ms. Redmond, a partner with the law firm of Stearns Weaver, told
the Court that the hourly rates for attorneys and paraprofessionals
at Stearns Weaver that work on the matter range from $250 to $500.
Ms. Redmond's rate, as the attorney who will be principally working
on this matter if $500.  Kristopher E. Pearson, Esq., who will be
primarily assisting Ms. Redmond on the matter, has an hourly rate
of $395.  The hourly rate for paraprofessionals that may work on
the matter range from $100 to $150.

The firm may be reached at:

          Patricia A. Redmond, Esq.
          Kristopher E. Pearson, Esq.
          STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON,
P.A.
          Museum Tower
          150 West Flagler Street
          Suite 2200
          Miami, FL 33130
          Tel: (305) 789-3200
          Fax: (305) 789-3395
          Email: predmond@stearnsweaver.com
                 kpearson@stearnsweaver.com

                    About Star Computer Group

Star Computer Group, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-28100) on Oct. 12, 2015.  The
petition was signed by James S. Howard as chief restructuring
officer.

The Debtor listed assets of $22.7 million and liabilities of $68.3
million.

Founded in 1994 with its office located at 2175 N.W. 115 Avenue,
Miami, FL 33172, the Company was engaged in the business of
supplying wholesale computers, smart phones, and related equipment
and software to dealers and wholesales in Latin America.  The
Company is jointly owned by Henry Waissmann (54%) and Henry
Aguilar
(46%).

The Debtor has engaged Kozyak, Tropin & Throckmorton, P.A., as
bankruptcy counsel, GlassRatner as financial advisor, Fuerst
Ittleman David & Joseph PL as special tax counsel, and Cherry
Bekaert, LLP as accountants.

Judge Jay Cristol is assigned to the case.

Patricia A. Redmond, Esq., and the law firm of Stearns Weaver
Miller Weissler Alhadeff & Sitterson, P.A., represents the Official
Committee of Unsecured Creditors as counsel.  Paul J. Batista,
David C. Cimo and the law firm of Genovese, Joblove and Battista,
P.A. serves as special litigation counsel.

The U.S. Trustee for Region 21, appointed these five creditors to
serve in the official committee of unsecured creditors:

         Samsung Electronics Latinoamerica Miami, Inc.
         Frank Flaquer
         Sr. Manager A/R Credit Dept.
         9850 N. W. 41 St., Suite No. 350
         Doral, FL 33178
         Tel: (305) 594-1090, Ext. 2365
         Fax: None
         E-mail: f.flaquer@samsung.com

         Ingram Micro, Inc.
         Craig M. Carpenter, VP
         Associate General Counsel
         Americas & Global Mobility, Cloud & Services
         501 Airtech Parkway
         Plainfield, IN 46168
         Tel: (317) 707-2489
         Fax: (317) 707-2514
         E-mail: craig.carpenter@ingrammicro.com

         ProcurePal, LLC
         Daryl Hudson, COB
         12555 Orange Drive, Suite No. 4088
         Davie, FL 33330
         Tel: (954) 241-1179
         Fax: (954) 692-0457
         E-mail: Cynthia.Manzano@procurepal.net

         Greensill Capital (UK) Limited
         Michael Gilhuley
         175 Varick Street
         New York, NY 10014
         Tel: (646) 630-7358
         E-mail: Mike@greensill.com

         Atradius Trade Credit Insurance, Inc.
         Gary H. Shapiro
         230 Schilling Circle, Suite #240
         Hunt Valley, MD 21031
         Tel: (410) 568-3833
         Fax: (410) 568-3903
         E-mail: gary.shapiro@atradius.com


STAR COMPUTER: Gets Final OK to Hire Kozyak Tropin as Gen. Counsel
------------------------------------------------------------------
The Hon. A. Jay Cristol of the U.S. Bankruptcy Court for the
Southern District of Florida authorized, on a final basis, Star
Computer Group, Inc., to employ Corali Lopez-Castor, Esq., and
Kozyak Tropin & Throckmorton, LLP, as general counsel nunc pro tunc
to the Petition Date.

On Oct. 21, 2015, the Court entered an interim order authorizing
the employment.

As reported by the Troubled Company Reporter on Oct. 14, 2015, KT&T
is expected to:

   (a) give advice to the Debtor with respect to its powers and
       duties as debtors-in-possession and the continued
       management of its business operations;

   (b) advise the Debtor with respect to its responsibilities in
       complying with the U.S. Trustee's Operating Guidelines and


       Reporting Requirements and with the rules of the Court;

   (c) prepare motions, pleadings, orders, applications, adversary
       proceedings, and other legal documents necessary in the
       administration of the case;

   (d) protect the interest of the Debtor in all matters pending
       before the Court; and

   (e) represent the Debtor in negotiations with its creditors in
       the preparation and confirmation of a plan.

The current hourly rates for the attorneys at KT&T range from $250
to $600.  Corali Lopez-Castro will be principally responsible
for KT&T's representation of the Debtor, and his hourly rate is
$495.  The current hourly rate for the associate attorneys who will
work on this case are from $325 to $350 per hour.  The current
hourly rates for the legal assistance and paralegals at KT&T is
$225.

The Debtor has agreed to reimburse KT&T for its expenses.

On May 26, 2015, KT&T received a prepetition retainer from the
Debtor in the amount of $25,000.  On Sept. 18, 2015, KT&T received
an additional retainer from the Debtor in the amount $100,000.
KT&T holds the remaining retainer funds of $87,359 as security for
the fees and costs that may be awarded to it by the Court in this
case.

To the best of the Debtor's knowledge, Corali Lopez-Castro and KT&T
are "disinterested" as that term is defined in Section 101(14) of
the Bankruptcy Cole.

The firm can be reached at:

         Corali Lopez-Castro, Esq.
         KOZYAK TROPIN & THROCKMORTON, LLP
         2525 Ponce de Leon Boulevard, 9th Floor
         Miami, FL 33134
         Tel: (305) 372-1800
         Fax: (305) 372-3508
         E-mail: clc@kttlaw.com

                 -- and --
      
         David L. Rosendorf, Esq.
         KOZYAK TROPIN & THROCKMORTON, LLP
         2525 Ponce de Leon Boulevard, 9th Floor
         Miami, FL 33134
         Tel: (305) 372-1800
         Fax: (305) 372-3508
         E-mail: dlr@kttlaw.com

                    About Star Computer Group

Star Computer Group, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-28100) on Oct. 12, 2015.  The
petition was signed by James S. Howard as chief restructuring
officer.

The Debtor listed assets of $22.7 million and liabilities of $68.3
million.

Founded in 1994 with its office located at 2175 N.W. 115 Avenue,
Miami, FL 33172, the Company was engaged in the business of
supplying wholesale computers, smart phones, and related equipment
and software to dealers and wholesales in Latin America.  The
Company is jointly owned by Henry Waissmann (54%) and Henry
Aguilar
(46%).

The Debtor has engaged Kozyak, Tropin & Throckmorton, P.A., as
bankruptcy counsel, GlassRatner as financial advisor, Fuerst
Ittleman David & Joseph PL as special tax counsel, and Cherry
Bekaert, LLP as accountants.

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

Judge Jay Cristol is assigned to the case.

Patricia A. Redmond, Esq., and the law firm of Stearns Weaver
Miller Weissler Alhadeff & Sitterson, P.A., represents the Official
Committee of Unsecured Creditors as counsel.  Paul J. Batista,
David C. Cimo and the law firm of Genovese, Joblove and Battista,
P.A. serves as special litigation counsel.


STAR COMPUTER: Has Final OK for Glassratner as Financial Advisors
-----------------------------------------------------------------
The Hon. A. Jay Cristol of the U.S. Bankruptcy Court for the
Southern District of Florida authorized, on a final basis, Star
Computer Group, Inc., to employ Glassratner as financial advisors
and James S. Howard as chief restructuring officer, nunc pro tunc
to the Petition Date.

On Oct. 21, 2015, the Court entered an interim order authorizing
the employment.

As reported in the Troubled Company Reporter on Oct. 14, 2015, the
Debtor said it intends to pursue the wind down of its affairs in
order to fund distributions to creditors through a Chapter 11 plan.
The Debtor believes that is necessary to have professionals with
the requisite accounting, financial and managerial experience in
order to maximize the outcome of this case for creditors.  To that
end, the Debtor believes that Mr. Howard and GlassRatner are
eminently qualified to advise it with regard to its obligations.

The Debtor initially engaged GlassRatner as its financial advisor
on May 14, 2015.  On Sept. 11, 2015, Mr. Howard was further engaged
by the Debtor as its chief restructuring officer.

To the Debtor's knowledge, Mr. Howard and GlassRatner are
"disinterested" persons within the meaning of the Bankruptcy Code.

The Debtor related it has been informed that Mr. Howard and
GlassRatner will conduct an ongoing review of their files to ensure
that no disqualifying circumstances arise, and if any new relevant
facts or relationships are discovered, they will promptly
supplement this disclosure to the Court.

The standard hourly rates for the professionals expected to be
involved in this case are:

    Professional                  Role          Hourly Rate
    ------------             -------------      -----------
    Jim Howard                   CRO               $425
    Jason Cristal, CIRA       Interim CFO          $350
    Other Staff                As Needed        $195-$350

GlassRatner will be reimbursed by the Company for the reasonable
out-of-pocket expenses.

The Company has agreed to indemnity and hold harmless GlassRatner
against, among other things, all and any losses, claims, damages,
liabilities, and penalties, except from losses and claims that
resulted from gross negligence or willful misconduct.

                    About Star Computer Group

Star Computer Group, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-28100) on Oct. 12, 2015.  The
petition was signed by James S. Howard as chief restructuring
officer.

The Debtor listed assets of $22.7 million and liabilities of $68.3
million.

Founded in 1994 with its office located at 2175 N.W. 115 Avenue,
Miami, FL 33172, the Company was engaged in the business of
supplying wholesale computers, smart phones, and related equipment
and software to dealers and wholesales in Latin America.  The
Company is jointly owned by Henry Waissmann (54%) and Henry
Aguilar
(46%).

The Debtor has engaged Kozyak, Tropin & Throckmorton, P.A., as
bankruptcy counsel, GlassRatner as financial advisor, Fuerst
Ittleman David & Joseph PL as special tax counsel, and Cherry
Bekaert, LLP as accountants.

Judge Jay Cristol is assigned to the case.

The U.S. Trustee for Region 21, appointed five creditors to serve
in the official committee of unsecured creditors.  Patricia A.
Redmond, Esq., and the law firm of Stearns Weaver Miller Weissler
Alhadeff & Sitterson, P.A., represents the Official Committee of
Unsecured Creditors as counsel.  Paul J. Batista, David C. Cimo and
the law firm of Genovese, Joblove and Battista, P.A. serves as
special litigation counsel.


STAR COMPUTER: Panel Taps Genovese Joblove as Litigation Counsel
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida
authorized the Official Committee of Unsecured Creditors in the
Chapter 11 case of Star Computer Group, Inc., to retain Paul J.
Batista, David C. Cimo and the law firm of Genovese, Joblove and
Battista, P.A., as special litigation counsel on a contingency fee
basis.

According to the Committee, assistance of special litigation
counsel is necessary to enable it to discharge its statutory
duties, to appropriately evaluate, and if necessary, pursue certain
litigation claims and causes of action against the Debtor's former
or current officers and directors well as other potential third
party claims.

GJB has agreed to undertake the representation on these terms:

   a. compensation to be paid based upon any value recovered or
achieved for the estate in connection with the claims, whether
based on funds recovered or claims waived at these contingency fee
rates:

       i. 18% of any value recovered or achieved through the date
of the filing of a complaint;

      ii. 25% of any value recovered or achieved after the filing
of a complaint and through trial;

     iii. 31% of any value recovered or achieved after the
completion of the trial and through any appeal.

   b. upon review and further order of the Court, GJB will be
entitled to reimbursement of out of pocket expenses.

David C. Cimo, Esq., an attorney and shareholder in the law firm of
Genovese Joblove, assures the Court that GJB does not hold or
represent any interest adverse to the estate or its creditors with
respect to the claims.

The firm may be reached at:

          Paul J. Batista, Esq.
          David C. Cimo, Esq.
          GENOVESE, JOBLOVE AND BATTISTA, P.A.
          100 Southeast Second Street, 44th Floor
          Miami, FL 33131
          Tel: (305) 349-2300
          Fax: (305) 349-2310
          Email: pbattista@gjb-law.com
                 dcimo@gjb-law.com

                    About Star Computer Group

Star Computer Group, Inc., sought Chapter 11 bankruptcy protection
(Bankr. S.D. Fla. Case No. 15-28100) on Oct. 12, 2015.  The
petition was signed by James S. Howard as chief restructuring
officer.

The Debtor listed assets of $22.7 million and liabilities of
$68.3 million.

Founded in 1994 with its office located at 2175 N.W. 115 Avenue,
Miami, FL 33172, the Company was engaged in the business of
supplying wholesale computers, smart phones, and related equipment
and software to dealers and wholesales in Latin America.  The
Company is jointly owned by Henry Waissmann (54%) and Henry Aguilar
(46%).

The Debtor has engaged Kozyak, Tropin & Throckmorton, P.A., as
bankruptcy counsel, GlassRatner as financial advisor, Fuerst
Ittleman David & Joseph PL as special tax counsel, and Cherry
Bekaert, LLP as accountants.

Judge Jay Cristol is assigned to the case.

The U.S. Trustee for Region 21, appointed five creditors to serve
in the official committee of unsecured creditors.  The Committee is
represented by Stearns Weaver Miller Weissler Alhadeff & Sitterson,
P.A., as counsel.


STARSHINE ACADEMY: Voluntary Chapter 11 Case Summary
----------------------------------------------------
Debtor: Starshine Academy
           dba Starshine Academy Schools
        3535 E. McDowell Road
        Phoenix, AZ 85008

Case No.: 16-01803

Chapter 11 Petition Date: February 26, 2016

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

Judge: Hon. Scott H. Gan

Debtor's Counsel: Donald W. Powell, Esq.
                  CARMICHAEL & POWELL, P.C.
                  7301 N. 16th St., #103
                  Phoenix, AZ 85020
                  Tel: 602-861-0777
                  Fax: 602-870-0296
                  Email: d.powell@cplawfirm.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Patricia A. McCarty, president.

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


SWIFT ENERGY: Kirkland, Klehr Harrison Represent Noteholders
------------------------------------------------------------
Kirkland & Ellis LLP and Klehr Harrison Harvey Branzburg, LLP,
submitted to the U.S. Bankruptcy Court for the District of Delaware
a verified statement pursuant to Rule 2019 of Federal Rules of
Bankruptcy Procedure in connection with their representation of the
ad hoc group of noteholders in the Chapter 11 cases of Swift Energy
Company, et al.

K&E and Klehr Harrison said that they do not hold any claims
against, or interests in, the Debtors.

Members of the Ad Hoc Noteholder Group are:

         Bennett Restructuring Fund, L.P.
         c/o Bennett Management Corporation
         281 Tresser Blvd, 2 Stamford Plaza,
         Stamford, CT 06901

         BOF Holdings IV, LLC
         600 Fifth Avenue, 24th Floor,
         New York, NY 10020

         Brevan Howard Master Fund Limited
         590 Madison Ave, 9th Floor,
         New York, NY, 10022

         BRF High Value, L.P.
         c/o Bennett Management Corporation
         281 Tresser Blvd, 2 Stamford Plaza,
         Stamford, CT 06901

         DW Catalyst Master Fund, Ltd.
         590 Madison Ave, 9th Floor,
         New York, NY, 10022

         Hutchin Hill Capital Primary Fund, Ltd.
         142 West 57th Street, 15th Floor,
         New York, NY 10019

         KORE Fund Ltd.
         1501 Corporate Drive, Suite 230
         Boynton Beach, FL 33426

         LMA SPC
         601 Carlson Parkway, 7th Floor
         Minnetonka, MN 55305
         Attn: Legal Department

         MatlinPatterson Global Opportunities Master Fund L.P.
         520 Madison Avenue, 35th floor,
         New York, NY 10022

         Merrill Lynch Pierce Fenner and Smith Incorporated3
         Bank of America Merrill Lynch
         222 Broadway, 11th Floor
         New York, NY 10038

         Pentwater Capital Management LP
         614 Davis Street,
         Evanston, IL 60201

         Pine River Baxter Fund Ltd.
         601 Carlson Parkway, 7th Floor
         Minnetonka, MN 55305
         Attn: Legal Department

         Pine River Deerwood Fund Ltd.
         601 Carlson Parkway, 7th Floor
         Minnetonka, MN 55305
         Attn: Legal Department

         Pine River Fixed Income Master Fund Ltd.
         601 Carlson Parkway, 7th Floor
         Minnetonka, MN 55305
         Attn: Legal Department

         Pine River Master Fund Ltd.
         601 Carlson Parkway, 7th Floor
         Minnetonka, MN 55305
         Attn: Legal Department

         Pioneer Investment Management Inc.
         60 State Street,
         Boston MA 02109

         Strategic Value Special Situations Offshore
         Fund III-A, L.P.
         100 West Putnam Avenue,
         Greenwich, CT 06830

         Strategic Value Special Situations Master Fund III, L.P.
         100 West Putnam Avenue,
         Greenwich, CT 06830

         Strategic Value Master Fund, LTD.
         100 West Putnam Avenue,
         Greenwich, CT 06830

         Sunrise Partners Limited Partnership
         1501 Corporate Drive, Suite 230
         Boynton Beach, FL 33426

         Valo Group Fund, LP
         2001 Market Street, Suite 2630,
         Philadelphia, PA 19103

         Wells Capital Management, Incorporated
         525 Market Street, 10th Floor,
         San Francisco, CA 94105

         Wells Fargo Securities, LLC
         550 South Tryon Street,
         Charlotte, NC 28202

         Whitebox Relative Value Partners, LP
         3033 Excelsior Boulevard, Suite 300,
         Minneapolis, MN 55416

         Whitebox Multi-Strategy Partners, LP
         3033 Excelsior Boulevard, Suite 300,
         Minneapolis, MN 55416

Co-Counsel for the Ad Hoc Noteholder Group can be reached at:

         Domenic E. Pacitti, Esq.
         KLEHR HARRISON HARVEY BRANZBURG LLP
         919 N. Market Street, Suite 1000
         Wilmington, DE 19801
         Tel: (302) 426-1189
         Fax: (302) 426-9193
    
               -- and --

         Morton Branzburg, Esq.
         KLEHR HARRISON HARVEY BRANZBURG LLP
         1835 Market Street, Suite 1400
         Philadelphia, PA 19103
         Tel: (215) 569-2700
         Fax: (215) 568-6603

         Joshua A. Sussberg, P.C., Esq.
         Matthew R. Kapitanyan, Esq.
         KIRKLAND & ELLIS LLP
         601 Lexington Avenue
         New York, NY 10022
         Tel: (212) 446-4800
         Fax: (212) 446-4900

               -- and --

         David L. Eaton, Esq.
         KIRKLAND & ELLIS LLP
         300 North LaSalle
         Chicago, IL 60654
         Tel: (312) 862-2000
         Fax: (312) 862-2200

                       About Swift Energy

Headquartered in Houston, Texas, Swift Energy Company is an
independent energy company engaged in the exploration, development,
production and acquisition of oil and natural gas properties.  Its
primary assets and operations are focused in the Eagle Ford trend
of South Texas and the onshore and inland waters of Louisiana.

Swift Energy Company and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12669 to
15-12677) on Dec. 31, 2015, with a Chapter 11plan of Reorganization
that, among other things, exchanges the approximately $905.1
million outstanding on account of senior notes obligations for 96%
of the common equity in the Reorganized Debtors.

The petitions were signed by Alton D. Heckaman, Jr., the executive
vice president and CFO.  Judge Mary F. Walrath is assigned to the
cases.

Swift Energy Company disclosed total assets of $416,358,243 plus an
undetermined amount and total liabilities of $1,233,022,421 plus an
undetermined amount.  Other Debtors disclosed total assets of $1.02
billion and total debt of $1.34 billion as of Sept. 30, 2015.

The Debtors engaged Jones Day as general counsel; Richards, Layton
& Finger, P.A., as local counsel; Lazard Freres & Co, LLC as
investment banker; Alvarez & Marsal North America LLC as financial
advisor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.

The Office of the U.S. Trustee appointed three creditors to the
Debtors' official committee of unsecured creditors.  Reed Smith
LLP represents the committee.


SWIFT ENERGY: Louisiana Assets Sold to Texegy for $48.75-Mil.
-------------------------------------------------------------
Judge Mary F. Walrath of the United States Bankruptcy Court for the
District of Delaware authorized Swift Energy Operating, LLC, GASRS
LLC, and Swenco-Western, LLC, to sell certain Louisiana oil and gas
assets, in particular, the South Bearhead Creek and Burr Ferry
Fields and associated mineral rights, to Texegy LLC.

The Debtors believe that the sale of its Louisiana Assets is
consistent with their long-term business plan to concentrate and
focus on their core operations in the Eagle Ford trend in South
Texas.  The Sale of 75% working interest in Louisiana Assets will
permit the Debtors to consolidate their business operations by
eliminating their duties and associated costs as operator leaving
them with a 25% non-operating working interest.

Subject to certain price adjustments, the purchase price of $48.75
million will generate substantial proceeds for the Debtors' estates
that would substantially reduce secured debt obligations that need
to be restructured or refinanced in order for the Debtors to emerge
from these Chapter 11 cases.  Furthermore, the Purchase and Sale
Agreement imposes on the Buyer obligation to deposit funds pursuant
to an escrow agreement in the amount of $2,437,500.

The United States, on behalf of the Department of Interior, through
the Office of Natural Resources Revenue and the Bureau of Land
Management, objected to the Sale Motion, complaining that it does
not indicate whether the assets to be sold include federal
interests when research shows that Swift Energy Operating, Inc.,
has at least 25 leases with Interior located on property in
Louisiana.  The Louisiana Department of Revenue complained on the
lack of notice provided by the Sale Motion process giving LDR an
inadequate amount of time to determine and liquidate the Debtors’
tax liabilities and the impact of the Sale Motion on LDR's
interest.  The LDR said the Debtors failed to file certain tax
returns for which would be unsecured priority tax debts that must
be paid in full and must be liquidated in order for LDR to know
whether its rights are fully protected by any sale price, the LDR
added.

Judge Walrath ordered that the Buyer must register with the
Louisiana Office of Mineral Resources to qualify for an approval of
any assumption and assignment of interests in leases or operating
agreements covering lands owned by the State of Louisiana that are
subject to the applicable laws, rules, regulations and resolutions
of the State of Louisiana and the Louisiana State Mineral and
Energy Board.  The Parties agree to comply with all applicable
non-bankruptcy law with respect to contracts, leases or other
interests or agreements with the federal government involving
federal lands or minerals held in trust for Indian Landowners that
may be affected by the Order.  In addition, the Debtors will
segregate $100,000 for the payment of taxes due to the Louisiana
Department of Revenue with respect to the Assets solely for the
adequate protection and such payment will not constitute as
allowance of claims of the LDR or a cap on the amounts they may be
entitled to receive.

Anadarko E&P Company LP and the Official Committee of Unsecured
Creditors reserve their rights to file an objection to the Sale
Motion.  To resolve the reservation of rights, Anadarko, the
Debtors, and Texegy, entered into a Confidentiality Agreement and
exchanged information related to Anadarko's informal objection to
the Sale Motion with regard to the $0.00 cure amount with respect
to the JOA, which Anadarko believes to be more than $2.1 million of
cure amount.

The Court ordered that the Debtors will establish an Anadarko Cure
Reserve in the amount of $1.7 million to satisfy the disputed
portion of Cure Costs arising under Contracts between Anadarko
Petroleum Corporation and Anadarko E&P Company LP and certain of
the Debtors, and pay Cure Costs of $532,631 to Anadarko, no later
than Feb 22, 2016, in connection with the undisputed portion of
those Contracts.

Swift Energy Company, et al. are represented by:

      Daniel J. DeFranceschi, Esq.
      Zachary I. Shapiro, Esq.
      Brendan J. Schlauch, Esq.
      RICHARDS, LAYTON & FINGER, P.A.
      One Rodney Square
      920 North King Street
      Wilmington, Delaware 19801
      Telephone: (302) 651-7700
      Facsimile: (302) 651-7701
      Email: defranceschi@rlf.com
             shapiro@rlf.com
             schlauch@rlf.com

      -- and --

      Gregory M. Gordon, Esq.
      JONES DAY
      2727 N. Harwood Street
      Dallas, Texas 75201
      Telephone: (214) 220-3939
      Facsimile: (214) 969-5100
      Email: gmgordon@jonesday.com

      -- and --

      Thomas A. Howley, Esq.
      Paul M. Green, Esq.
      JONES DAY
      717 Texas, Suite 3300
      Houston, Texas 77002
      Telephone: (832) 239-3939
      Facsimile: (832) 239-3600
      Email: tahowley@jonesday.com
             pmgreen@jonesday.com

The United States, on behalf of the Department of Interior, through
the Office of Natural Resources Revenue and the Bureau of Land
Management, is represented by:

      Ellen W. Slights, Esq.
      Assistant United States Attorney
      Delaware State Bar No. 2782
      1007 Orange Street, Suite 700
      P.O. Box 2046
      Wilmington, DE 19899-2046

Louisiana Department of Revenue is represented by:

      Florence Bonaccorso-Saenz, Esq.
      Bankruptcy Counsel, Collections Division
      Louisiana Department of Revenue
      P.O. Box 66658 (Zip Code 70896-6658)
      617 N. Third Street, Office 780
      Baton Rouge, LA 70802
      Telephone: (225) 219-2083
      Facsimile: (225) 231-6235
      Email: Florence.Saenz@la.gov

Anadarko E&P Company LP is represented by

      Brian E. Farnan, Esq.
      Michael J. Farnan, Esq.
      FARNAN LLP
      919 North Market Street, 12th Floor
      Wilmington, DE 19801
      Telephone: (302) 777-0300
      Facsimile: (302) 777-0301
      Email: bfarnan@farnanlaw.com
             mfarnan@farnanlaw.com

      -- and --

      Charles A. Beckham, Jr., Esq.
      HAYNES AND BOONE, LLP
      1221 McKinney Street, Suite 2100
      Houston, TX 77010
      Telephone: (713) 547-2000
      Email: charles.beckham@haynesboone.com

      -- and --

      Ian T. Peck, Esq.
      Haynes and Boone, LLP
      301 Commerce Street, Suite 2600
      Fort Worth, TX 76102
      Telephone: (817) 347-6600
      Email: ian.peck@haynesboone.com

Proposed Counsel to the Official Committee of Unsecured Creditors
of Swift Energy Company, et al.:

      Kurt F. Gwynne, Esq.
      Emily K. Devan, Esq.
      REED SMITH LLP
      1201 Market St., Suite 1500
      Wilmington, Delaware 19801
      Telephone: (302) 778-7500
      Facsimile: (302) 778-7575
      E-mail: kgwynne@reedsmith.com
              edevan@reedsmith.com

      -- and --

      Michael S. Stamer, Esq.
      AKIN GUMP STRAUSS HAUER & FELD LLP
      One Bryant Park
      New York, NY 10036-6745
      Telephone: (212) 872-1000
      Facsimile: (212) 872-1002
      Email: mstamer@akingump.com

      -- and --

      Sarah Link Schultz, Esq.
      AKIN GUMP STRAUSS HAUER & FELD LLP
      1700 Pacific Ave., Suite 4100
      Dallas, TX 75201-4624
      Telephone: (214) 969-2800
      Facsimile: (214) 969-4343
      Email: sschultz@akingump.com

      -- and --

      Joanna F. Newdeck, Esq.
      AKIN GUMP STRAUSS HAUER & FELD LLP
      1333 New Hampshire Ave., N.W.
      Washington, D.C. 20036-1564
      Telephone: (202) 887-4000
      Facsimile: (202) 887-4288
      E-mail: jnewdeck@akingump.com

         About Swift Energy

Headquartered in Houston, Texas, Swift Energy Company is an
independent energy company engaged in the exploration, development,
production and acquisition of oil and natural gas properties.  Its
primary assets and operations are focused in the Eagle Ford trend
of South Texas and the onshore and inland waters of Louisiana.

Swift Energy Company and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12669 to
15-12677) on Dec. 31, 2015, with a Chapter 11plan of reorganization
that, among other things, exchanges the approximately $905.1
million outstanding on account of senior notes obligations for 96%
of the common equity in the Reorganized Debtors.

The petitions were signed by Alton D. Heckaman, Jr., the executive
vice president and CFO.  Judge Mary F. Walrath is assigned to the
cases.

The Debtors disclosed total assets of $1.02 billion and total debt
of $1.34 billion as of Sept. 30, 2015.

The Debtors engaged Jones Day as general counsel; Richards, Layton
& Finger, P.A., as local counsel; Lazard Freres & Co, LLC as
investment banker; Alvarez & Marsal North America LLC as financial
advisor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.

The Office of the U.S. Trustee appointed three creditors to the
Debtors' official committee of unsecured creditors.  Reed Smith LLP
represents the committee.


SWIFT ENERGY: Names Deal E. Swick as CRO
----------------------------------------
Swift Energy Company, et al., sought and obtained authority from
Judge Mary F. Walrath U.S. Bankruptcy Court for the District of
Delaware to employ Alvarez & Marsal North America, LLC, and
designate Deal E. Swick as chief restructuring officer.

Mr. Swick and a team of A&M professional began providing advisory
assistance on Oct. 28, 2015.  

Mr. Swick and the A&M is expected to, among other things:

   i) prepare information to assist management, the board and the
Debtors' advisors in evaluating restructuring options and directing
the Debtors through a bankruptcy;

  ii) develop forecasts and information for and obtaining
bankruptcy court approval of use of cash collateral and DIP
financing and related compliance and reporting;

iii) assist in preparing, filing and obtaining approval of First
Day Motions, Schedules and Statements, Monthly Operating Reports
and other information required in connection with bankruptcy
requirements, filing of other motions and assisting legal counsel
and the Debtors in responding to motions or pleadings during the
pendency of the bankruptcy and providing expert testimony with
respect to such motions and pleadings.

A&M will be paid by the Debtors at their customary hourly billing
rates with the exception of the CRO.  A&M and the Debtors have
agreed that the Debtors will pay A&M a flat monthly rate of
$150,000 in return for the services rendered to the Debtors by the
CRO.  Any partial months will be prorated, based on the number of
days in the month.  The current hourly billing rates for the
additional personnel are:

   a) Managing Director                  $750 - $975
   b) Director                           $600 - $750
   c) Analyst/Associate/Consultant       $325 - $575

In addition, A&M will be paid an incentive fee which will be earned
upon confirmation of a Plan of Reorganization and paid upon the
effective date of a Plan of Reorganization:

   -- an amount of $1,200,000 if the date for confirmation of a
Plan of Reorganization is on or before April 30, 2016; or

   -- an amount of $1,100,000 if the date for confirmation of a
Plan of Reorganization is after April 30, 2016.

A&M will also seek reimbursement for reasonable and necessary
expenses incurred in connection with the cases.

Brendan J. Schlauch, Esq., at Richards, Layton & Finger, P.A.,
counsel for the Debtors, submitted a certification of counsel
regarding order authorizing the employment of A&M.

To the best of the Debtors' knowledge, A&M is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The Debtors, prior to the hearing approving the application,
revised their proposed order to address the informal comments made
by the Office of the U.S. Trustee.  Among other things, in light of
the scope and duration of A&M's retention in the Chapter 11 cases,
A&M has agreed with the U.S. Trustee that it will not seek to
enforce the indemnification provisions set forth in the last
sentence of paragraph E of the Indemnification Agreement.

Judge Walrath ordered that for a period of three years after the
conclusion of the engagement, neither A&M nor any of its affiliates
will make any investments in the Debtors or the Reorganized
Debtors.

                       About Swift Energy

Headquartered in Houston, Texas, Swift Energy Company is an
independent energy company engaged in the exploration, development,
production and acquisition of oil and natural gas properties.  Its
primary assets and operations are focused in the Eagle Ford trend
of South Texas and the onshore and inland waters of Louisiana.

Swift Energy Company and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12669 to
15-12677) on Dec. 31, 2015, with a Chapter 11plan of Reorganization
that, among other things, exchanges the approximately $905.1
million outstanding on account of senior notes obligations for 96%
of the common equity in the Reorganized Debtors.

The petitions were signed by Alton D. Heckaman, Jr., the executive
vice president and CFO.  Judge Mary F. Walrath is assigned to the
cases.

Swift Energy Company disclosed total assets of $416,358,243 plus an
undetermined amount and total liabilities of $1,233,022,421 plus an
undetermined amount.  Other Debtors disclosed total assets of $1.02
billion and total debt of $1.34 billion as of Sept. 30, 2015.

The Debtors engaged Jones Day as general counsel; Richards, Layton
& Finger, P.A., as local counsel; Lazard Freres & Co, LLC as
investment banker; Alvarez & Marsal North America LLC as financial
advisor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.

The Office of the U.S. Trustee appointed three creditors to the
Debtors' official committee of unsecured creditors.  Reed Smith
LLP represents the committee.


SWIFT ENERGY: Richards Layton Approved as Bankruptcy Co-Counsel
---------------------------------------------------------------
Swift Energy Company, et al., sought and obtained authority from
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware employ Richards, Layton & Finger, P.A., as bankruptcy
co-counsel nunc pro tunc to the Petition Date.

RL&F is expected to:

   a) advise the Debtors of their rights, powers and duties as
debtors and debtors-in-possession under Chapter 11 of the
Bankruptcy Code;

   b) take action to protect and preserve the Debtors' estates,
including the prosecution of actions on the Debtors' behalf, the
defense of actions commenced against the Debtors in these chapter
11 cases, the negotiation of disputes in which the Debtors are
involved and the preparation of objections to claims filed against
the Debtors;

   c) assist in preparing on behalf of the Debtors all motions,
applications, answers, orders, reports and other papers in
connection with the administration of the Debtors' estates;

   d) prosecute on behalf of the Debtors the proposed plan and any
other chapter 11 plan proposed by the Debtors and seeking approval
of all transactions contemplated therein and in any amendments
thereto; and

   e) perform other necessary or desirable legal services in
connection with the cases.

RL&F may also perform all other services assigned by the Debtors,
in consultation with Jones Day, the Debtors' lead counsel.

RL&F's current hourly rates are:

         Position                     Range of Hourly Rates
         --------                     ---------------------
         Directors                        $550 - $850
         Counsel                                 $550
         Associates                       $290 - $510
         Paraprofessionals                       $240

The principal professionals and paraprofessionals designated to
represent the Debtors and their hourly rates are:

         Daniel J. DeFranceschi                $775
         Zachary I. Shapiro                    $510
         Brendan J. Schlauch                   $360
         Rebecca V. Speaker                    $240
         Caroline E. Dougherty                 $240

RL&F's employment will be under an evergreen retainer.  Prior to
the Petition Date, the Debtors paid RL&F a total retainer of
$116,000 in connection with and in contemplation of the chapter 11
cases.

To the best of the Debtors' knowledge, RL&F is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

The firm may be reached at:

          Daniel J. DeFranceschi, Esq.
          Zachary I. Shapiro, Esq.
          Brendan J. Schlauch, Esq.
          RICHARDS LAYTON & FINGER
          Email: defranceschi@rlf.com
                 shapiro@rlf.com
                 schlauch@rlf.com

                       About Swift Energy

Headquartered in Houston, Texas, Swift Energy Company is an
independent energy company engaged in the exploration, development,
production and acquisition of oil and natural gas properties.  Its
primary assets and operations are focused in the Eagle Ford trend
of South Texas and the onshore and inland waters of Louisiana.

Swift Energy Company and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12669 to
15-12677) on Dec. 31, 2015, with a Chapter 11plan of Reorganization
that, among other things, exchanges the approximately $905.1
million outstanding on account of senior notes obligations for 96%
of the common equity in the Reorganized Debtors.

The petitions were signed by Alton D. Heckaman, Jr., the executive
vice president and CFO.  Judge Mary F. Walrath is assigned to the
cases.

Swift Energy Company disclosed total assets of $416,358,243 plus an
undetermined amount and total liabilities of $1,233,022,421 plus an
undetermined amount.  Other Debtors disclosed total assets of $1.02
billion and total debt of $1.34 billion as of Sept. 30, 2015.

The Debtors engaged Jones Day as general counsel; Richards, Layton
& Finger, P.A., as local counsel; Lazard Freres & Co, LLC as
investment banker; Alvarez & Marsal North America LLC as financial
advisor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.

The Office of the U.S. Trustee appointed three creditors to the
Debtors' official committee of unsecured creditors.  Reed Smith
LLP represents the committee.


TANK HOLDING: Moody's Lowers CFR to B3, Outlook Stable
------------------------------------------------------
Moody's Investors Service downgraded Tank Holding Corp.'s Corporate
Family Rating to B3 from B2 and Probability of Default Rating (PDR)
to B3-PD from B2-PD.  Concurrently, Moody's downgraded the first
lien senior secured ratings to B2 from B1. The rating outlook is
stable.

The ratings downgrade reflects a material decline in earnings due
to weakness in the company's end markets, especially Agriculture
(Ag) which accounts for about half of revenue.  Moody's expects
that leverage will remain around 6.5 times in 2016 as end market
weakness persists.

Tank Holding Corp.

Ratings Downgraded:

  Corporate Family Rating, Downgraded to B3 from B2

  Probability of Default Rating, Downgraded to B3-PD from B2-PD

  Senior Secured First Lien Revolving Credit Facility, Downgraded
   to B2 (LGD3) from B1 (LGD3)

  Senior Secured First Lien Term Loan, Downgraded to B2 (LGD3)
   from B1 (LGD3)

                        RATINGS RATIONALE

Tank's B3 Corporate Family Rating reflects the company's small
revenue base of under $250 million, significant end market
concentration within the Ag segment, moderate exposure to the oil &
gas sector, and high leverage.  However, the rating is supported by
Tank's strong position within its end markets, a national presence
through its dealer network and other sales channels, strong
operating margins, and good cash flow.

Tank has a good liquidity profile, supported by full availability
under its $50 million revolver, a demonstrated record of good cash
flow and a favorable maturity profile.  Moody's expects Tank to
generate $25 to $35 million in free cash flow in 2016 supported by
relatively low capital expenditure requirements.

The rating could be downgraded if the company's liquidity profile
deteriorates, such that free cash flow can no longer support the
company's capital needs.  Additionally, debt to EBITDA sustained
above 7 times or EBITA to Interest Expense below 1 time would
pressure the rating.

For a rating upgrade, Moody's would need to see growth in the
company's major end markets that leads to earnings and credit
metric improvement.  Specifically, Moody's would need to see debt
to EBITDA approaching 5.5 times with free cash flow to debt
sustained in the high single digit range.

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

Tank and its wholly-owned subsidiaries, Snyder Industries, Inc. and
Norwesco, Inc. are engaged in the manufacturing and distribution of
rotationally-molded polyethylene and steel tanks, containers, bins
and pallets for agricultural, water, industrial, food and beverage,
and on-site water treatment applications, among others.  Revenue
for fiscal 2015 is estimated at $237 million and was primarily
derived from operations in the U.S. and Canada.  The company is
owned by Leonard Green & Partners, L.P.


TAYLOR-WHARTON: Lowenstein Sandler Approved as Committee Counsel
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
the Official Committee of Unsecured Creditors in the Chapter 11
case of Taylor-Wharton International LLC, et al., to retain
Lowenstein Sandler LLP as its counsel effective as of Oct. 16,
2015.

Lowenstein Sandler is expected to, among other things:

   a) advise the Committee with respect to its rights, duties, and
powers in the Chapter 11 Cases;

   b) assist and advise the Committee in its consultations with the
Debtors
relative to the administration of the cases;

   c) assist the Committee in analyzing the claims of the Debtors'
creditors and the Debtors' capital structure and in negotiating
with holders of claims and equity interests;

   d) assist the Committee in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtors and of the operation of the Debtors' businesses;

   e) assist the Committee in its investigation of the liens and
claims of the holders of the Debtors' pre-petition debt and the
prosecution of any claims or causes of action revealed by such
investigation;

   f) assist the Committee in its analysis of, and negotiations
with, the Debtors or any third party concerning matters related to,
among other things, the assumption or rejection of certain leases
of nonresidential real property and executory contracts, asset
dispositions, sale of assets, financing of other transactions and
the terms of one or more plans of reorganization for the Debtors
and accompanying disclosure statements and related plan documents;

   g) assist and advise the Committee as to its communications to
unsecured
creditors regarding significant matters in the cases;

   h) represent the Committee at hearings and other proceedings;

   i) review and analyze applications, orders, statements of
operations, and schedules filed with the Court and advise the
Committee as to their
propriety;

   j) assist the Committee in preparing pleadings and applications
as may be necessary in furtherance of the Committee's interests and
objectives;

   k) prepare, on behalf of the Committee, any pleadings, including
without
limitation, motions, memoranda, complaints, adversary complaints,
objections, or comments in connection with any of the foregoing;
and

   1) perform such other legal services as may be required or are
otherwise
deemed to be in the interests of the Committee in accordance with
the
Committee's powers and duties as set forth in the Bankruptcy Code,
Bankruptcy Rules, or other applicable law.

By separate application, the Committee is also seeking approval to
employ The Rosner Law Group LLC to serve as its Delaware counsel.
Lowenstein Sandler and Rosner, will allocate their delivery of
services to the Committee so as to avoid any unnecessary
duplication of services.

Lowenstein Sandler will be compensated on an hourly basis, plus
reimbursement of the actual and necessary expenses that Lowenstein
Sandler incurs.

Lowenstein Sandler's hourly rates are:

         Partners                                $500 - $1,100
         Senior Counsel and Counsel              $390 -   $695
         (generally 10 or more years' experience)
         Associates (generally less than         $285 -    $595
         6 years' experience)
         Paralegals and Assistants               $110 -    $290

The hourly rates of the attorneys that will be primarily
responsible for Lowenstein's representation of the Committee in the
cases range from $385 to $685.  

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

On Dec. 7, 2015, Julia Klein, Esq., at The Rosner Law Group LLC,
Delaware counsel to the Committee, submitted a certification of
counsel submitting revised proposed form of order authorizing and
approving the employment and retention of Lowenstein Sandler.

Andrew R. Vara, Acting U.S. Trustee for Region 3, objected to the
application of the Committee, complaining that, among other things:
(i) the fee defense provisions violate the Code and the American
Rule, ignore the express directives of the U.S. Supreme Court, and
are otherwise unreasonable; and (ii) the fee defense provisions
cannot be approved under Section 328(a) because they are not
reasonable.

                       About Taylor-Wharton

Taylor-Wharton International LLC and Taylor-Wharton Cryogenics LLC
filed Chapter 11 bankruptcy petitions (Bankr. D. Del. Proposed Lead
Case No. 15-12075) on Oct. 7, 2015.  The petition was signed by
Thomas Doherty as chief restructuring officer.

Cryogenics is a leading designer, engineer and manufacturer of
cryogenic equipment designed to transport and store liquefied
atmospheric and hydrocarbon gases.  Cryogenics has a single United
States operation in Theodore, Alabama.  Cryogenics is the direct or
indirect parent of several foreign non-debtor subsidiaries which
have manufacturing operations in China, Malaysia, Slovakia, and
warehousing operations in Germany and Australia.

The Debtors have engaged Reed Smith LLP as general bankruptcy
counsel, Nixon Peabody LLP as special counsel, Argus Management
Corporation as interim management services provider, Stifel,
Nicolaus & Company, Incorporated and Miller Buckfire & Company LLC
as investment banker and Logan & Company, Inc., as noticing and
claims agent.  Argus Management Corporation is authorized to
provide interim management services, and designate Thomas Doherty
as chief restructuring officer.

Taylor-Wharton International LLC disclosed total assets of
$14,463,438 and total liabilities of $47,978,923.  O'Neal Steel
Inc. is listed as the largest unsecured creditor holding a trade
claim of $788,815.

Judge Brendan Linehan Shannon is assigned to the case.

The Office of the U.S. Trustee appointed the Committee pursuant to
Section 1102(a)(1) of the Bankruptcy Code.  The Committee is
comprised of three members: (a) Pension Benefit Guaranty
Corporation, (b) O'Neal Steel, Inc., and (c) Harsco Corporation.
On the same day, the Committee selected Lowenstein Sandler LLP and
The Rosner Law Group LLC to serve as its co-counsel and EisnerAmper
LLP to serve as its financial advisor in the Chapter 11 Cases.


THERAPEUTICSMD INC: Incurs $85.1 Million Net Loss in 2015
---------------------------------------------------------
TherapeuticsMD, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$85.07 million on $20.1 million of net revenues for the year ended
Dec. 31, 2015, compared to a net loss of $54.2 million on $15.02
million of net revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, TherapeuticsMD had $73.7 million in total
assets, $10.7 million in total liabilities, all current and $63.1
million in total stockholders' equity.

The Company had a cash balance of $64.7 million as of Dec. 31,
2015.

"We hold certain portions of our cash balances in overnight money
market placements all of which are fully available to us to support
our cash flow requirements.  The primary objective of our
investment policy is to preserve principal and maintain proper
liquidity to meet operating needs.  Our investment policy specifies
credit quality standards for our investments and limits the amount
of credit exposure to any single issue, issuer or type of
investment.  Our primary exposure to market risk is interest rate
sensitivity, which is affected by changes in the general level of
U.S. interest rates.  To minimize this risk, we intend to maintain
a portfolio that may include cash, cash equivalents and investment
securities available-for-sale in a variety of securities which may
include money market funds, government and non-government debt
securities and commercial paper, all with various maturity dates.
Due to the low risk profile of our investments, an immediate 100
basis point change in interest rates would not have a material
effect on the fair market value of our portfolio."

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

                        http://is.gd/XGJjG4

                        About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.


THERAPEUTICSMD INC: Reports Q4 and Full Year 2015 Results
---------------------------------------------------------
TherapeuticsMD, Inc., reported a net loss of $17.5 million on $5.62
million of net revenues for the three months ended Dec. 31, 2015,
compared to a net loss of $16.3 million on $4.25 million of net
revenues for the three months ended Dec. 31, 2014.

For the year ended Dec. 31, 2015, the Company reported a net loss
of $85.07 million on $20.1 million of net revenues compared to a
net loss of $54.2 million on $15.0 million of net revenues for the
year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $73.7 million in total assets,
$10.7 million in total liabilities, all current, and $63.1 million
in total stockholders' equity.

"2015 was a breakthrough year for our company, as we reported
positive topline phase 3 data from the Rejoice Trial for TX-004HR,
the first of our two novel pipeline candidates in the women’s
health arena," said TherapeuticsMD CEO Robert G. Finizio.  "Based
on those compelling results, we are preparing to file an NDA before
June 30, while we also expect topline data late in the fourth
quarter of 2016 from our Replenish Trial for TX-001HR.  We believe
we are well positioned from a financial, clinical and commercial
standpoint to execute on our goals in 2016 and create significant
value for shareholders by advancing our pipeline and preparing to
launch our first novel hormone product for women, if approved."

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

                      http://is.gd/6ZFCBU

                     About TherapeuticsMD

Boca Raton, Florida-based TherapeuticsMD, Inc. (OTC QB: TXMD) is a
women's healthcare product company focused on creating and
commercializing products targeted exclusively for women.  The
Company currently manufactures and distributes branded and generic
prescription prenatal vitamins as well as over-the-counter
vitamins and cosmetics.  The Company is currently focused on
conducting the clinical trials necessary for regulatory approval
and commercialization of advanced hormone therapy pharmaceutical
products designed to alleviate the symptoms of and reduce the
health risks resulting from menopause-related hormone
deficiencies.


TRANSGENOMIC INC: Gets Noncompliance Notice From Nasdaq
-------------------------------------------------------
Transgenomic, Inc., disclosed in a Form 8-K report filed with the
Securities and Exchange Commission that it received written notice
from The Nasdaq Stock Market LLC indicating that, based on the
closing bid price of Transgenomic's common stock for the preceding
30 consecutive business days, Transgenomic is not in compliance
with the $1.00 minimum bid price requirement for continued listing
on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule
5550(a)(2).  The Notice has no immediate effect on the listing of
Transgenomic's common stock, and its common stock will continue to
trade on the Nasdaq Capital Market under the symbol "TBIO" at this
time.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), Transgenomic
has a period of 180 calendar days, or until Aug. 22, 2016, to
regain compliance with the Minimum Bid Price Requirement.  To
regain compliance, the closing bid price of Transgenomic's common
stock must meet or exceed $1.00 per share for at least ten
consecutive business days during this 180 calendar day period.

If Transgenomic is not in compliance with the Minimum Bid Price
Requirement by Aug. 22, 2016, Nasdaq may provide Transgenomic with
a second 180 calendar day period to regain compliance.  To qualify
for the second 180 calendar day period, Transgenomic would be
required to (i) meet the continued listing requirement for the
Nasdaq Capital Market for market value of publicly held shares and
all other initial listing standards for the Nasdaq Capital Market,
except for the Minimum Bid Price Requirement, and (ii) notify
Nasdaq of its intent to cure its noncompliance with the Minimum Bid
Price, including by effecting a reverse stock split, if necessary.
If Transgenomic does not indicate its intent to cure the deficiency
or if it does not appear to Nasdaq that it would be possible for
Transgenomic to cure the deficiency, Transgenomic would not be
eligible for the second 180 calendar day period, and its common
stock would then be subject to delisting from the Nasdaq Capital
Market.

If Transgenomic does not regain compliance within the allotted
compliance periods, including any extensions that may be granted by
Nasdaq, Nasdaq will provide notice that Transgenomic's common stock
will be subject to delisting.  Transgenomic would then be entitled
to appeal the Nasdaq Staff's determination to a Nasdaq Listing
Qualifications Panel and request a hearing.

Transgenomic intends to monitor the closing bid price of its common
stock and consider its available options to resolve its
noncompliance with the Minimum Bid Price Requirement.  No
determination regarding Transgenomic's response to the Notice has
been made at this time.  The Company said there can be no assurance
that it will be able to regain compliance with the Minimum Bid
Price Requirement or will otherwise be in compliance with the other
listing standards for the Nasdaq Capital Market.

                        About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.

Transgenomic reported a net loss available to common stockholders
of $15.1 million in 2014, a net loss available to common
stockholders of $16.7 million in 2013 and a net loss available to
common stockholders of $8.98 million in 2012.

As of Sept. 30, 2015, the Company had $24.5 million in total
assets, $17.7 million in total liabilities and $6.71 million in
total stockholders' equity.

Ernst & Young LLP, in Hartford, Connecticut, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2014, citing that the Company has recurring
losses from operations that raise substantial doubt about its
ability to continue as a going concern.


VIRTUAL PIGGY: Extends Maturity of $475,300 Promissory Note
-----------------------------------------------------------
Virtual Piggy, Inc., disclosed in a Form 8-K filed with the
Securities and Exchange Commission that it entered into amendment
to Promissory Note Agreements with five holders of the Company's
outstanding unsecured Promissory Notes in the aggregate principal
amount of $475,300, pursuant to which the maturity date of those
Outstanding Notes was extended to the 12 month anniversary of the
original issuance date (formerly the six month anniversary of the
original issuance date) or such earlier date that (i) the Company
completes the closing of a specified joint venture agreement or
(ii) the Company completes the sale of at least an additional $1
million of 10% Secured Convertible Promissory Notes.  The
Outstanding Notes were previously to mature between Jan. 20, 2016,
and March 18, 2016, and will now mature not later than dates
between July 20, 2016, and Sept. 18, 2016.  The Amendments took
effect retroactive to the prior applicable maturity date.

                  About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss of $9.65 million in 2014, a net
loss of $16 million in 2013 and a net loss of $12.03 million in
2012.

As of Sept. 30, 2015, the Company had $1.31 million in total
assets, $6.26 million in total liabilities, all current, and a
$4.94 million stockholders' deficit.

Morison Cogen LLP, in Bala Cynwyd, PA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's losses from
development stage activities raise substantial doubt about its
ability to continue as a going concern.


VIRTUAL PIGGY: Issues $26,000 Promissory Note
---------------------------------------------
From Feb. 19, 2016, to Feb. 24, 2016, Virtual Piggy, Inc. issued
$26,000 in aggregate principal amount of unsecured Promissory Notes
to three accredited investors pursuant to Promissory Note
Agreements, as disclosed in a Form 8-K report filed with the
Securities and Exchange Commission.  The Investors also received
two-year Warrants to purchase an aggregate of 5,200 shares of
Company common stock at an exercise price of $0.90 per share.

The Notes bear interest at a rate of 10% per annum and mature on
the six month anniversary of the issuance date, or on such earlier
date that (i) the Company completes the closing of a specified
joint venture agreement or (ii) the Company completes the sale of
at least an additional $1 million of 10% Secured Convertible
Promissory Notes.

                  About Oink (Virtual Piggy, Inc.)

Virtual Piggy is the provider of Oink, a secure online and in-store
teen wallet.  Oink enables teens to manage and spend money within
parental controls, while gaining valuable financial management
skills.  The technology company also delivers payment platforms
designed for the Under 21 age group in the global market, and
enables online businesses the ability to function in a  manner
consistent with the Children's Online Privacy Protection Act and
similar international children's privacy laws.  The company, based
in Hermosa Beach, CA, is on the Web at: http://www.oink.com/and
holds three technology patents, US Patent No. 8,762,230, 8,650,621
and 8,812,395.

Virtual Piggy reported a net loss of $9.65 million in 2014, a net
loss of $16 million in 2013 and a net loss of $12.03 million in
2012.

As of Sept. 30, 2015, the Company had $1.31 million in total
assets, $6.26 million in total liabilities, all current, and a
$4.94 million stockholders' deficit.

Morison Cogen LLP, in Bala Cynwyd, PA, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's losses from
development stage activities raise substantial doubt about its
ability to continue as a going concern.


WILLIAMSON & WILLIAMSON: Case Summary & 5 Unsecured Creditors
-------------------------------------------------------------
Debtor: Williamson & Williamson Farms Partnership
        PO Box 591
        Drew, MS 38737

Case No.: 16-10671

Chapter 11 Petition Date: February 26, 2016

Court: United States Bankruptcy Court
       Northern District of Mississippi (Aberdeen)

Judge: Hon. Neil P. Olack

Debtor's Counsel: Jeffrey A. Levingston, Esq.
                  LEVINGSTON & LEVINGSTON, PA
                  P. O. Box 1327
                  Cleveland, MS 38732
                  Tel: 662-843-2791
                  E-mail: jleving@bellsouth.net

Debtor's          KENNETH E. MULLINS, JR.
Accountant:

Total Assets: $2.59 million

Total Liabilities: $2.10 million

The petition was signed by Ricky D. Williamson, partner.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/msnb16-10671.pdf


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                  Total
                                                 Share-      Total
                                     Total     Holders'    Working
                                    Assets       Equity    Capital
  Company         Ticker              ($MM)        ($MM)     
($MM)
  -------         ------            ------     --------    -------

ABSOLUTE SOFTWRE  ABT CN             108.3        (42.6)    
(41.9)
ABSOLUTE SOFTWRE  ALSWF US           108.3        (42.6)    
(41.9)
ABSOLUTE SOFTWRE  OU1 GR             108.3        (42.6)    
(41.9)
ADV MICRO DEVICE  AMD* MM          3,109.0       (412.0)     917.0
ADVENT SOFTWARE   ADVS US            424.8        (50.1)   
(110.8)
AEROJET ROCKETDY  GCY GR           2,034.9       (145.5)     108.5
AEROJET ROCKETDY  GCY TH           2,034.9       (145.5)     108.5
AEROJET ROCKETDY  AJRD US          2,034.9       (145.5)     108.5
AK STEEL HLDG     AKS* MM          4,084.4       (595.6)     763.6
AMER RESTAUR-LP   ICTPU US            33.5         (4.0)     
(6.2)
AMYLIN PHARMACEU  AMLN US          1,998.7        (42.4)     263.0
ANGIE'S LIST INC  ANGI US            174.9         (2.4)    
(21.3)
ANGIE'S LIST INC  8AL GR             174.9         (2.4)    
(21.3)
ANGIE'S LIST INC  8AL TH             174.9         (2.4)    
(21.3)
ARCH COAL INC     ACIIQ* MM        5,848.0       (605.4)     824.1
ARIAD PHARM       ARIA SW            546.7       (103.1)     242.3
ARIAD PHARM       ARIACHF EU         546.7       (103.1)     242.3
ARIAD PHARM       APS TH             546.7       (103.1)     242.3
ARIAD PHARM       ARIA US            546.7       (103.1)     242.3
ARIAD PHARM       APS GR             546.7       (103.1)     242.3
ARIAD PHARM       ARIAEUR EU         546.7       (103.1)     242.3
ASPEN TECHNOLOGY  AST GR             276.4        (22.2)     
(4.4)
ASPEN TECHNOLOGY  AZPN US            276.4        (22.2)     
(4.4)
AUTOZONE INC      AZOEUR EU        8,217.5     (1,778.1)   
(721.4)
AUTOZONE INC      AZ5 GR           8,217.5     (1,778.1)   
(721.4)
AUTOZONE INC      AZ5 TH           8,217.5     (1,778.1)   
(721.4)
AUTOZONE INC      AZ5 QT           8,217.5     (1,778.1)   
(721.4)
AUTOZONE INC      AZO US           8,217.5     (1,778.1)   
(721.4)
AVID TECHNOLOGY   AVD GR             264.2       (327.6)   
(158.4)
AVID TECHNOLOGY   AVID US            264.2       (327.6)   
(158.4)
AVINTIV SPECIALT  POLGA US         1,991.4         (3.9)     322.1
AVON - BDR        AVON34 BZ        3,879.5     (1,056.4)     146.0
AVON PRODUCTS     AVP TH           3,879.5     (1,056.4)     146.0
AVON PRODUCTS     AVP US           3,879.5     (1,056.4)     146.0
AVON PRODUCTS     AVP CI           3,879.5     (1,056.4)     146.0
AVON PRODUCTS     AVP* MM          3,879.5     (1,056.4)     146.0
AVON PRODUCTS     AVP GR           3,879.5     (1,056.4)     146.0
BARRACUDA NETWOR  CUDAEUR EU         429.9        (30.5)    
(27.7)
BARRACUDA NETWOR  7BM GR             429.9        (30.5)    
(27.7)
BARRACUDA NETWOR  CUDA US            429.9        (30.5)    
(27.7)
BENEFITFOCUS INC  BNFT US            182.1        (18.0)      18.4
BENEFITFOCUS INC  BTF GR             182.1        (18.0)      18.4
BERRY PLASTICS G  BP0 GR           7,710.0        (67.0)     646.0
BERRY PLASTICS G  BERY US          7,710.0        (67.0)     646.0
BLUE BIRD CORP    1291067D US        251.0       (121.5)       1.5
BLUE BIRD CORP    BLBD US            251.0       (121.5)       1.5
BLUE BUFFALO PET  BUFF US            479.1         (2.7)     290.6
BLUE BUFFALO PET  BUFFEUR EU         479.1         (2.7)     290.6
BLUE BUFFALO PET  B6B GR             479.1         (2.7)     290.6
BLUE BUFFALO PET  B6B TH             479.1         (2.7)     290.6
BOMBARDIER INC-B  BBDBN MM        22,903.0     (4,054.0)     282.0
BOMBARDIER-B OLD  BBDYB BB        22,903.0     (4,054.0)     282.0
BOMBARDIER-B W/I  BBD/W CN        22,903.0     (4,054.0)     282.0
BRINKER INTL      EAT US           1,579.9       (164.9)   
(195.1)
BRINKER INTL      BKJ GR           1,579.9       (164.9)   
(195.1)
BUFFALO COAL COR  BUC SJ              54.9        (10.1)     
(4.5)
BURLINGTON STORE  BURL US          2,805.3       (121.9)     112.6
BURLINGTON STORE  BUI GR           2,805.3       (121.9)     112.6
CABLEVISION SY-A  CVC US           6,745.7     (4,957.7)      39.4
CABLEVISION SY-A  CVCEUR EU        6,745.7     (4,957.7)      39.4
CABLEVISION SY-A  CVY GR           6,745.7     (4,957.7)      39.4
CABLEVISION-W/I   CVC-W US         6,745.7     (4,957.7)      39.4
CABLEVISION-W/I   8441293Q US      6,745.7     (4,957.7)      39.4
CAMBIUM LEARNING  ABCD US            185.8        (72.7)    
(12.7)
CASELLA WASTE     CWST US            660.7        (15.6)       4.9
CASELLA WASTE     WA3 GR             660.7        (15.6)       4.9
CENTENNIAL COMM   CYCL US          1,480.9       (925.9)    
(52.1)
CHARTER COM-A     CHTR US         39,316.0        (46.0)
(1,627.0)
CHARTER COM-A     CKZA GR         39,316.0        (46.0)
(1,627.0)
CHARTER COM-A     CKZA TH         39,316.0        (46.0)
(1,627.0)
CHOICE HOTELS     CZH GR             717.0       (395.9)     102.9
CHOICE HOTELS     CHH US             717.0       (395.9)     102.9
CINCINNATI BELL   CBB US           1,460.2       (323.3)    
(38.6)
CLEAR CHANNEL-A   CCO US           6,133.3       (297.8)     433.3
CLEAR CHANNEL-A   C7C GR           6,133.3       (297.8)     433.3
CLIFFS NATURAL R  CLF* MM          2,134.5     (1,811.6)     401.1
COLGATE-BDR       COLG34 BZ       11,958.0        (44.0)     850.0
COLGATE-PALMOLIV  CLEUR EU        11,958.0        (44.0)     850.0
COLGATE-PALMOLIV  CPA GR          11,958.0        (44.0)     850.0
COLGATE-PALMOLIV  CPA TH          11,958.0        (44.0)     850.0
COLGATE-PALMOLIV  CPA QT          11,958.0        (44.0)     850.0
COLGATE-PALMOLIV  CL* MM          11,958.0        (44.0)     850.0
COLGATE-PALMOLIV  CL US           11,958.0        (44.0)     850.0
COLGATE-PALMOLIV  CL SW           11,958.0        (44.0)     850.0
COLGATE-PALMOLIV  CLCHF EU        11,958.0        (44.0)     850.0
COMMUNICATION     8XC GR           2,622.8     (1,092.2)       -
COMMUNICATION     CSAL US          2,622.8     (1,092.2)       -
CPI CARD GROUP I  PMTS US            289.3       (207.8)      55.7
CPI CARD GROUP I  PNT CN             289.3       (207.8)      55.7
CPI CARD GROUP I  CPB GR             289.3       (207.8)      55.7
CYAN INC          YCN GR             112.1        (18.4)      56.9
CYAN INC          CYNI US            112.1        (18.4)      56.9
DELEK LOGISTICS   D6L GR             361.8        (11.7)       8.2
DELEK LOGISTICS   DKL US             361.8        (11.7)       8.2
DENNY'S CORP      DE8 GR             297.0        (60.6)    
(65.1)
DENNY'S CORP      DENN US            297.0        (60.6)    
(65.1)
DIRECTV           DTV CI          25,321.0     (3,463.0)   1,360.0
DIRECTV           DTVEUR EU       25,321.0     (3,463.0)   1,360.0
DIRECTV           DTV US          25,321.0     (3,463.0)   1,360.0
DOMINO'S PIZZA    EZV GR             799.8     (1,800.3)     226.7
DOMINO'S PIZZA    DPZ US             799.8     (1,800.3)     226.7
DOMINO'S PIZZA    EZV TH             799.8     (1,800.3)     226.7
DUN & BRADSTREET  DNB1EUR EU       2,082.4     (1,146.5)    
(96.6)
DUN & BRADSTREET  DB5 GR           2,082.4     (1,146.5)    
(96.6)
DUN & BRADSTREET  DB5 TH           2,082.4     (1,146.5)    
(96.6)
DUN & BRADSTREET  DNB US           2,082.4     (1,146.5)    
(96.6)
DUNKIN' BRANDS G  DNKN US          3,197.1       (220.7)     139.0
DUNKIN' BRANDS G  2DB GR           3,197.1       (220.7)     139.0
DUNKIN' BRANDS G  2DB TH           3,197.1       (220.7)     139.0
DURATA THERAPEUT  DRTX US             82.1        (16.1)      11.7
DURATA THERAPEUT  DTA GR              82.1        (16.1)      11.7
DURATA THERAPEUT  DRTXEUR EU          82.1        (16.1)      11.7
EDGE THERAPEUTIC  EU5 GR              58.5        (50.6)      47.1
EDGE THERAPEUTIC  EDGE US             58.5        (50.6)      47.1
EDGEN GROUP INC   EDG US             883.8         (0.8)     409.2
ENERGIZER HOLDIN  ENR US           1,617.5        (32.5)     639.3
ENERGIZER HOLDIN  EGG GR           1,617.5        (32.5)     639.3
ENERGIZER HOLDIN  ENR-WEUR EU      1,617.5        (32.5)     639.3
EOS PETRO INC     EOPT US              1.2        (27.9)    
(29.0)
EPL OIL & GAS IN  EPL US           1,140.6       (388.7)   
(257.6)
EPL OIL & GAS IN  EPA1 GR          1,140.6       (388.7)   
(257.6)
EXELIXIS INC      EX9 GR             363.2        (74.2)     151.4
EXELIXIS INC      EXEL US            363.2        (74.2)     151.4
EXELIXIS INC      EXELEUR EU         363.2        (74.2)     151.4
EXELIXIS INC      EX9 TH             363.2        (74.2)     151.4
FREESCALE SEMICO  1FS QT           3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO  1FS GR           3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO  FSLEUR EU        3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO  1FS TH           3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO  FSL US           3,159.0     (3,079.0)   1,264.0
GAMING AND LEISU  2GL GR           2,448.2       (253.5)    
(83.7)
GAMING AND LEISU  GLPI US          2,448.2       (253.5)    
(83.7)
GARDA WRLD -CL A  GW CN            1,828.2       (378.3)     124.2
GARTNER INC       IT US            2,091.5       (159.6)   
(173.7)
GARTNER INC       GGRA GR          2,091.5       (159.6)   
(173.7)
GCP APPLIED TECH  GCP US             961.6       (224.1)     217.6
GCP APPLIED TECH  43G GR             961.6       (224.1)     217.6
GENTIVA HEALTH    GTIV US          1,225.2       (285.2)     130.0
GENTIVA HEALTH    GHT GR           1,225.2       (285.2)     130.0
GLG PARTNERS INC  GLG US             400.0       (285.6)     156.9
GLG PARTNERS-UTS  GLG/U US           400.0       (285.6)     156.9
GOLD RESERVE INC  GDRZF US            15.0        (32.3)    
(42.5)
GOLD RESERVE INC  GOD GR              15.0        (32.3)    
(42.5)
GOLD RESERVE INC  GRZ CN              15.0        (32.3)    
(42.5)
GRAHAM PACKAGING  GRM US           2,947.5       (520.8)     298.5
GYMBOREE CORP/TH  GYMB US          1,242.0       (386.5)      30.8
H&R BLOCK INC     HRB US           2,289.9        (27.2)     160.2
H&R BLOCK INC     HRB GR           2,289.9        (27.2)     160.2
H&R BLOCK INC     HRBEUR EU        2,289.9        (27.2)     160.2
H&R BLOCK INC     HRB TH           2,289.9        (27.2)     160.2
HCA HOLDINGS INC  2BH GR          32,744.0     (6,046.0)   3,716.0
HCA HOLDINGS INC  HCAEUR EU       32,744.0     (6,046.0)   3,716.0
HCA HOLDINGS INC  HCA US          32,744.0     (6,046.0)   3,716.0
HCA HOLDINGS INC  2BH TH          32,744.0     (6,046.0)   3,716.0
HD SUPPLY HOLDIN  HDS US           5,486.0       (126.0)   1,101.0
HD SUPPLY HOLDIN  5HD GR           5,486.0       (126.0)   1,101.0
HECKMANN CORP-U   HEK/U US           582.6         (4.9)      50.0
HERBALIFE LTD     HLF US           2,421.5       (130.7)     461.6
HERBALIFE LTD     HLFEUR EU        2,421.5       (130.7)     461.6
HERBALIFE LTD     HOO GR           2,421.5       (130.7)     461.6
HEWLETT-PACKA-WI  HPQ-W US        26,313.0     (5,775.0)
(1,606.0)
HOVNANIAN-A-WI    HOV-W US         2,602.3       (128.1)   1,612.1
HP INC            HPQ US          26,313.0     (5,775.0)
(1,606.0)
HP INC            HPQCHF EU       26,313.0     (5,775.0)
(1,606.0)
HP INC            7HP TH          26,313.0     (5,775.0)
(1,606.0)
HP INC            HPQ TE          26,313.0     (5,775.0)
(1,606.0)
HP INC            HPQ SW          26,313.0     (5,775.0)
(1,606.0)
HP INC            HWP QT          26,313.0     (5,775.0)
(1,606.0)
HP INC            7HP GR          26,313.0     (5,775.0)
(1,606.0)
HP INC            HPQ* MM         26,313.0     (5,775.0)
(1,606.0)
HP INC            HPQ CI          26,313.0     (5,775.0)
(1,606.0)
HUGHES TELEMATIC  HUTCU US           110.2       (101.6)   
(113.8)
IDEXX LABS        IX1 GR           1,475.0        (84.0)    
(35.1)
IDEXX LABS        IDXX US          1,475.0        (84.0)    
(35.1)
IDEXX LABS        IX1 TH           1,475.0        (84.0)    
(35.1)
IMMUNOGEN INC     IMU GR             251.6        (16.7)     179.3
IMMUNOGEN INC     IMGN US            251.6        (16.7)     179.3
IMMUNOGEN INC     IMU TH             251.6        (16.7)     179.3
INFOR US INC      LWSN US          6,778.1       (460.0)   
(305.9)
INNOVIVA INC      HVE GR             424.1       (342.6)     200.8
INNOVIVA INC      INVA US            424.1       (342.6)     200.8
INSTRUCTURE INC   INST US             64.2        (15.3)    
(15.5)
INSTRUCTURE INC   1IN GR              64.2        (15.3)    
(15.5)
INTERNATIONAL WI  ITWG US            345.4         (9.7)      99.8
INVENTIV HEALTH   VTIV US          2,205.7       (699.2)     112.4
IPCS INC          IPCS US            559.2        (33.0)      72.1
ISTA PHARMACEUTI  ISTA US            124.7        (64.8)       2.2
J CREW GROUP INC  JCG US           1,627.1       (759.0)     111.7
JACK IN THE BOX   JBX GR           1,273.0        (60.1)   
(103.2)
JACK IN THE BOX   JACK US          1,273.0        (60.1)   
(103.2)
JACK IN THE BOX   JACK1EUR EU      1,273.0        (60.1)   
(103.2)
JUST ENERGY GROU  1JE GR           1,274.3       (673.6)    
(97.6)
JUST ENERGY GROU  JE CN            1,274.3       (673.6)    
(97.6)
JUST ENERGY GROU  JE US            1,274.3       (673.6)    
(97.6)
KEMPHARM INC      KMPH US             61.4         (5.7)      52.8
KEMPHARM INC      1GD GR              61.4         (5.7)      52.8
KOPPERS HOLDINGS  KO9 GR           1,125.4        (12.4)     163.8
KOPPERS HOLDINGS  KOP US           1,125.4        (12.4)     163.8
L BRANDS INC      LB US            8,493.2       (256.5)   2,280.7
L BRANDS INC      LBEUR EU         8,493.2       (256.5)   2,280.7
L BRANDS INC      LTD GR           8,493.2       (256.5)   2,280.7
L BRANDS INC      LB* MM           8,493.2       (256.5)   2,280.7
L BRANDS INC      LTD TH           8,493.2       (256.5)   2,280.7
LEAP WIRELESS     LEAP US          4,662.9       (125.1)     346.9
LEAP WIRELESS     LWI TH           4,662.9       (125.1)     346.9
LEAP WIRELESS     LWI GR           4,662.9       (125.1)     346.9
LORILLARD INC     LLV TH           4,154.0     (2,134.0)   1,135.0
LORILLARD INC     LLV GR           4,154.0     (2,134.0)   1,135.0
LORILLARD INC     LO US            4,154.0     (2,134.0)   1,135.0
MADISON-A/NEW-WI  MSGN-W US          911.0     (1,213.9)     103.4
MAJESCOR RESOURC  MJXEUR EU            0.0         (0.1)     
(0.1)
MALIBU BOATS-A    M05 GR             199.9         (1.4)      13.7
MALIBU BOATS-A    MBUU US            199.9         (1.4)      13.7
MANNKIND CORP     MNKD IT            278.0       (124.6)   
(196.1)
MARRIOTT INTL-A   MAQ GR           6,082.0     (3,590.0)
(1,849.0)
MARRIOTT INTL-A   MAR US           6,082.0     (3,590.0)
(1,849.0)
MARRIOTT INTL-A   MAQ QT           6,082.0     (3,590.0)
(1,849.0)
MARRIOTT INTL-A   MAQ TH           6,082.0     (3,590.0)
(1,849.0)
MDC COMM-W/I      MDZ/W CN         1,590.2       (417.6)   
(403.9)
MDC PARTNERS-A    MDZ/A CN         1,590.2       (417.6)   
(403.9)
MDC PARTNERS-A    MD7A GR          1,590.2       (417.6)   
(403.9)
MDC PARTNERS-A    MDCA US          1,590.2       (417.6)   
(403.9)
MDC PARTNERS-EXC  MDZ/N CN         1,590.2       (417.6)   
(403.9)
MEAD JOHNSON      MJNEUR EU        3,998.1       (592.5)   1,349.1
MEAD JOHNSON      MJN US           3,998.1       (592.5)   1,349.1
MEAD JOHNSON      0MJA TH          3,998.1       (592.5)   1,349.1
MEAD JOHNSON      0MJA GR          3,998.1       (592.5)   1,349.1
MERITOR INC       AID1 GR          2,050.0       (653.0)     118.0
MERITOR INC       MTOR US          2,050.0       (653.0)     118.0
MERRIMACK PHARMA  MACK US            102.7       (140.7)    
(24.3)
MERRIMACK PHARMA  MP6 GR             102.7       (140.7)    
(24.3)
MICHAELS COS INC  MIM GR           2,083.1     (1,909.9)     585.9
MICHAELS COS INC  MIK US           2,083.1     (1,909.9)     585.9
MIDSTATES PETROL  MPO1EUR EU       1,298.1       (816.0)      96.2
MONEYGRAM INTERN  MGI US           4,505.2       (222.8)    
(19.0)
MOODY'S CORP      DUT GR           5,123.4       (333.0)   2,024.6
MOODY'S CORP      MCOEUR EU        5,123.4       (333.0)   2,024.6
MOODY'S CORP      DUT TH           5,123.4       (333.0)   2,024.6
MOODY'S CORP      MCO US           5,123.4       (333.0)   2,024.6
MOTOROLA SOLUTIO  MSI US           8,387.0        (96.0)   2,389.0
MOTOROLA SOLUTIO  MTLA GR          8,387.0        (96.0)   2,389.0
MOTOROLA SOLUTIO  MTLA TH          8,387.0        (96.0)   2,389.0
MOTOROLA SOLUTIO  MOT TE           8,387.0        (96.0)   2,389.0
MPG OFFICE TRUST  1052394D US      1,280.0       (437.3)       -
MSG NETWORKS- A   1M4 TH             911.0     (1,213.9)     103.4
MSG NETWORKS- A   1M4 GR             911.0     (1,213.9)     103.4
MSG NETWORKS- A   MSGN US            911.0     (1,213.9)     103.4
NATHANS FAMOUS    NATH US             81.0        (65.2)      57.4
NATHANS FAMOUS    NFA GR              81.0        (65.2)      57.4
NATIONAL CINEMED  NCMI US          1,006.2       (228.3)      65.4
NATIONAL CINEMED  XWM GR           1,006.2       (228.3)      65.4
NAVIDEA BIOPHARM  NAVB IT             17.5        (51.8)       8.7
NAVISTAR INTL     IHR TH           6,692.0     (5,160.0)     834.0
NAVISTAR INTL     NAV US           6,692.0     (5,160.0)     834.0
NAVISTAR INTL     IHR GR           6,692.0     (5,160.0)     834.0
NEW ENG RLTY-LP   NEN US             202.4        (30.1)       -
NTELOS HOLDINGS   NTLS US            668.4        (22.1)     150.8
OMEROS CORP       OMEREUR EU          41.4         (9.0)      17.2
OMEROS CORP       3O8 GR              41.4         (9.0)      17.2
OMEROS CORP       3O8 TH              41.4         (9.0)      17.2
OMEROS CORP       OMER US             41.4         (9.0)      17.2
OMTHERA PHARMACE  OMTH US             18.3         (8.5)    
(12.0)
OUTERWALL INC     CS5 GR           1,366.1        (22.1)      43.2
OUTERWALL INC     OUTR US          1,366.1        (22.1)      43.2
PALM INC          PALM US          1,007.2         (6.2)     141.7
PBF LOGISTICS LP  PBFX US            432.7       (191.5)      27.8
PBF LOGISTICS LP  11P GR             432.7       (191.5)      27.8
PHILIP MORRIS IN  4I1 TH          33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  4I1 GR          33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  PM1CHF EU       33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  PM FP           33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  PM1EUR EU       33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  PM1 TE          33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  PM US           33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  PMI1 IX         33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  PMI EB          33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN  PMI SW          33,956.0    (11,476.0)     418.0
PLANET FITNESS-A  3PL TH             701.1        (14.2)     
(1.2)
PLANET FITNESS-A  PLNT US            701.1        (14.2)     
(1.2)
PLANET FITNESS-A  3PL GR             701.1        (14.2)     
(1.2)
PLAYBOY ENTERP-A  PLA/A US           165.8        (54.4)    
(16.9)
PLAYBOY ENTERP-B  PLA US             165.8        (54.4)    
(16.9)
PLY GEM HOLDINGS  PG6 GR           1,311.1        (80.8)     264.6
PLY GEM HOLDINGS  PGEM US          1,311.1        (80.8)     264.6
POLYMER GROUP-B   POLGB US         1,991.4         (3.9)     322.1
PROTECTION ONE    PONE US            562.9        (61.8)     
(7.6)
PUREBASE CORP     PUBC US              0.4         (1.1)     
(1.4)
PURETECH HEALTH   PRTCGBX EU           -            -          -
PURETECH HEALTH   PRTC LN              -            -          -
PURETECH HEALTH   PRTCL IX             -            -          -
PURETECH HEALTH   PRTCL EB             -            -          -
PURETECH HEALTH   PRTCL B3             -            -          -
PURETECH HEALTH   PRTCL PO             -            -          -
QUALITY DISTRIBU  QDZ GR             413.0        (22.9)     102.9
QUALITY DISTRIBU  QLTY US            413.0        (22.9)     102.9
QUINTILES TRANSN  QTS GR           3,926.3       (335.7)     817.8
QUINTILES TRANSN  Q US             3,926.3       (335.7)     817.8
RAYONIER ADV      RYAM US          1,288.0        (17.0)     195.0
RAYONIER ADV      RYQ GR           1,288.0        (17.0)     195.0
REGAL ENTERTAI-A  RGC* MM          2,409.1       (902.0)   
(133.8)
REGAL ENTERTAI-A  RETA GR          2,409.1       (902.0)   
(133.8)
REGAL ENTERTAI-A  RGC US           2,409.1       (902.0)   
(133.8)
RENAISSANCE LEA   RLRN US             57.0        (28.2)    
(31.4)
RENTECH NITROGEN  RNF US             291.1       (138.0)      13.7
RENTECH NITROGEN  2RN GR             291.1       (138.0)      13.7
RENTPATH LLC      PRM US             208.0        (91.7)       3.6
REVLON INC-A      REV US           1,924.5       (623.3)     334.4
REVLON INC-A      RVL1 GR          1,924.5       (623.3)     334.4
ROUNDY'S INC      4R1 GR           1,095.7        (92.7)      59.7
ROUNDY'S INC      RNDY US          1,095.7        (92.7)      59.7
RURAL/METRO CORP  RURL US            303.7        (92.1)      72.4
SALLY BEAUTY HOL  SBH US           2,043.1       (321.7)     674.9
SALLY BEAUTY HOL  S7V GR           2,043.1       (321.7)     674.9
SANCHEZ ENERGY C  SN US            1,542.3       (456.2)     499.1
SANCHEZ ENERGY C  13S GR           1,542.3       (456.2)     499.1
SANCHEZ ENERGY C  SN* MM           1,542.3       (456.2)     499.1
SBA COMM CORP-A   SBAC US          7,403.2     (1,706.1)      20.6
SBA COMM CORP-A   SBJ TH           7,403.2     (1,706.1)      20.6
SBA COMM CORP-A   SBACEUR EU       7,403.2     (1,706.1)      20.6
SBA COMM CORP-A   SBJ GR           7,403.2     (1,706.1)      20.6
SCIENTIFIC GAM-A  TJW GR           7,732.2     (1,495.5)     521.6
SCIENTIFIC GAM-A  SGMS US          7,732.2     (1,495.5)     521.6
SEARS HOLDINGS    SEE TH          12,769.0     (1,293.0)     701.0
SEARS HOLDINGS    SHLD US         12,769.0     (1,293.0)     701.0
SEARS HOLDINGS    SEE GR          12,769.0     (1,293.0)     701.0
SENSEONICS HLDGS  SENH US              5.5         (9.7)     
(2.4)
SILVER SPRING NE  9SI TH             457.7        (33.9)       6.5
SILVER SPRING NE  9SI GR             457.7        (33.9)       6.5
SILVER SPRING NE  SSNI US            457.7        (33.9)       6.5
SIRIUS XM CANADA  XSR CN             311.1       (147.2)   
(189.0)
SIRIUS XM CANADA  SIICF US           311.1       (147.2)   
(189.0)
SIRIUS XM HOLDIN  RDO GR           8,046.7       (166.5)
(1,934.6)
SIRIUS XM HOLDIN  RDO TH           8,046.7       (166.5)
(1,934.6)
SIRIUS XM HOLDIN  SIRI US          8,046.7       (166.5)
(1,934.6)
SONIC CORP        SONC US            616.1        (20.7)       7.4
SONIC CORP        SONCEUR EU         616.1        (20.7)       7.4
SONIC CORP        SO4 GR             616.1        (20.7)       7.4
SPORTSMAN'S WARE  SPWH US            343.4        (14.0)      91.8
SPORTSMAN'S WARE  06S GR             343.4        (14.0)      91.8
SUN BIOPHARMA IN  SNBP US              -            -          -
SUPERVALU INC     SJ1 GR           4,643.0       (444.0)      81.0
SUPERVALU INC     SVU US           4,643.0       (444.0)      81.0
SUPERVALU INC     SVU* MM          4,643.0       (444.0)      81.0
SUPERVALU INC     SJ1 TH           4,643.0       (444.0)      81.0
SYNERGY PHARMACE  SGYP US            115.9        (55.2)      95.5
SYNERGY PHARMACE  S90 GR             115.9        (55.2)      95.5
SYNERGY PHARMACE  SGYPEUR EU         115.9        (55.2)      95.5
TRANSDIGM GROUP   TDG SW           8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP   T7D GR           8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP   TDG US           8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP   TDGCHF EU        8,330.0       (964.3)   1,204.3
TRINET GROUP INC  TNET US          1,609.6        (14.1)      54.4
TRINET GROUP INC  TNETEUR EU       1,609.6        (14.1)      54.4
TRINET GROUP INC  TN3 GR           1,609.6        (14.1)      54.4
TRINITY PLACE HO  TPHS US             56.3         (3.3)       -
UNISYS CORP       UIS US           2,143.2     (1,378.6)     165.2
UNISYS CORP       UISCHF EU        2,143.2     (1,378.6)     165.2
UNISYS CORP       UIS1 SW          2,143.2     (1,378.6)     165.2
UNISYS CORP       UISEUR EU        2,143.2     (1,378.6)     165.2
UNISYS CORP       USY1 TH          2,143.2     (1,378.6)     165.2
UNISYS CORP       USY1 GR          2,143.2     (1,378.6)     165.2
VECTOR GROUP LTD  VGR GR           1,398.8        (56.8)     457.4
VECTOR GROUP LTD  VGR US           1,398.8        (56.8)     457.4
VENOCO INC        VQ US              403.8       (354.3)     195.7
VERISIGN INC      VRSN US          2,357.7     (1,070.4)     464.9
VERISIGN INC      VRS GR           2,357.7     (1,070.4)     464.9
VERISIGN INC      VRS TH           2,357.7     (1,070.4)     464.9
VERIZON TELEMATI  HUTC US            110.2       (101.6)   
(113.8)
VERSEON CORP      VSN LN               -            -          -
VIRGIN MOBILE-A   VM US              307.4       (244.2)   
(138.3)
WEIGHT WATCHERS   WTW US           1,395.2     (1,337.7)   
(193.6)
WEIGHT WATCHERS   WW6 GR           1,395.2     (1,337.7)   
(193.6)
WEIGHT WATCHERS   WTWEUR EU        1,395.2     (1,337.7)   
(193.6)
WEIGHT WATCHERS   WW6 TH           1,395.2     (1,337.7)   
(193.6)
WEST CORP         WSTC US          3,612.3       (552.1)     243.1
WEST CORP         WT2 GR           3,612.3       (552.1)     243.1
WESTERN REFINING  WNRL US            412.0        (28.1)      66.3
WESTERN REFINING  WR2 GR             412.0        (28.1)      66.3
WINGSTOP INC      EWG GR             117.2        (14.3)       3.6
WINGSTOP INC      WING US            117.2        (14.3)       3.6
WINMARK CORP      GBZ GR              47.4        (30.7)      16.9
WINMARK CORP      WINA US             47.4        (30.7)      16.9
WYNN RESORTS LTD  WYR GR           9,981.2        (60.8)   1,234.7
WYNN RESORTS LTD  WYNN US          9,981.2        (60.8)   1,234.7
WYNN RESORTS LTD  WYNN* MM         9,981.2        (60.8)   1,234.7
WYNN RESORTS LTD  WYNN SW          9,981.2        (60.8)   1,234.7
WYNN RESORTS LTD  WYNNCHF EU       9,981.2        (60.8)   1,234.7
WYNN RESORTS LTD  WYR TH           9,981.2        (60.8)   1,234.7
WYNN RESORTS LTD  WYR QT           9,981.2        (60.8)   1,234.7
YRC WORLDWIDE IN  YRCW US          1,894.6       (379.4)     160.9
YRC WORLDWIDE IN  YEL1 TH          1,894.6       (379.4)     160.9
YRC WORLDWIDE IN  YRCWEUR EU       1,894.6       (379.4)     160.9
YRC WORLDWIDE IN  YEL1 GR          1,894.6       (379.4)     160.9


                            *********

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 ***