TCR_Public/160328.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, March 28, 2016, Vol. 20, No. 88

                            Headlines

21ST CENTURY ONCOLOGY: Faces Lawsuits Over Data Breach
21ST CENTURY ONCOLOGY: To Restate 2012, 2013 & 2014 Financials
38-36 GREENVILLE: Case Summary & 2 Unsecured Creditors
ADAMIS PHARMACEUTICALS: Incurs $13.6 Million Net Loss in 2015
AEMETIS INC: Reports Fourth Quarter and Year-End 2015 Results

AGAP LIFE: Case Summary & 3 Unsecured Creditors
ALEXZA PHARMACEUTICALS: Obtains Add'l $1M Financing From Ferrer
ALPHA NATURAL: Panel Taps Innovative as Compensation Consultant
AMC NETWORKS: S&P Assigns 'BB' Rating on Proposed $750MM Notes
API TECHNOLOGIES: Amends Fiscal 2015 Form 10-K to Add Info.

APOLLO MEDICAL: Interim Chief Financial Officer Resigns
ARCH COAL: Court Approves Joint Administration of Chapter 11 Cases
ARCH COAL: Wants to Hire PJT Partners as Investment Banker
ARGENT ENERGY: Court Grants Petition to Recognize Canadian Cases
ARI INSURANCE: A.M. Best Hikes Issuer Credit Rating From bb

ASHLEY STEWART: Wants Waterfall Modified, Ch. 11 Case Dismissed
AURORA DIAGNOSTICS: To Hold Q4 Investor Conference Call March 30
BH SUTTON: U.S. Trustee Forms 3-Member Committee
BLACK ELK: Has $7.5M Financing Amid Opposition to Montco DIP Loan
BLACK ELK: Montco Services Agreement Approved

BLUE EARTH: Asks Court to Set May 23 as Claims Bar Date
BLUE EARTH: Employs KCC as Noticing and Claims Agent
BLUE EARTH: Jackson Investment Agrees to Provide $3M DIP Loan
BLUE EARTH: Wants 14-Day Extension to File Schedules
BONANZA CREEK: Announced Reduced Workforce & Management Changes

CARDIAC SCIENCE: Donald Welker No Longer Member of Committee
CHINA GINSENG: Xiaohua Cai Resigns as Chief Marketing Officer
COLONIAL PENNIMAN: Case Summary & Unsecured Creditor
COMBIMATRIX CORP: Closes Offering of 8,000 Units
CTI BIOPHARMA: Fails to Comply with NASDAQ's $1 Bid Price Rule

CTI BIOPHARMA: OKs $552K in 2015 Bonuses for Executive Officers
DIFFUSION PHARMACEUTICALS: Incurs $23.8 Million Net Loss in 2015
ELBIT IMAGING: Closes First Tranche of Radisson Hotel Refinancing
ELEPHANT TALK: Obtains $1.23 Million From Units Offering
ELEPHANT TALK: Open to Other Potential Buyers for ValidSoft

EMERALD OIL: Files Chapter 11 Petition to Facilitate Sec. 363 Sale
EMERALD OIL: Proposes Procedures to Protect NOLs
EMERALD OIL: Requests May 6 Deadline to File Schedules
EMERALD OIL: Seeks Joint Administration of Cases
EMERALD OIL: Taps Donlin Recano as Claims and Noticing Agent

ESTATE FINANCIAL: Trustee Taps Silicon Forensics as Consultant
FASHION OUTLET: Jones Lang LaSalle to Hold Auction Today
FINJAN HOLDINGS: Awarded 27th Patent for Computer Security System
FINJAN HOLDINGS: Incurs $12.6 Million Net Loss in 2015
FORESIGHT ENERGY: Forbearance Pacts Extended Anew to March 29

FOUNTAINS OF BOYNTON: Moves Cash Collateral Hearing to April
FREEDOM COMMUNICATIONS: Creditors Get $1.5M in Deal With Lenders
GENERAL STEEL: Sells Maoming Hengda for $51 Million
GO YE VILLAGE: U.S. Trustee Forms 10-Member Committee
GREAT LAKES COMNET: Employs Media Venture as Investment Banker

GREAT LAKES COMNET: Taps AlixPartners LLP as Financial Advisor
GRIZZLY CATTLE: Case Summary & 11 Unsecured Creditors
GUIDED THERAPEUTICS: May Issue 4.16 Million Common Shares
HAGGEN HOLDINGS: Resources Global Approved as Consultants
HAMPSHIRE GROUP: Incurs $1.60 Million Net Loss in Third Quarter

HEALTHWAREHOUSE.COM INC: Incurs $946,000 Net Loss in 2015
HII TECHNOLOGIES: 'Challenge' Period Extended to March 31
HORSEHEAD HOLDING: Akin Gump, Ashby Represent Noteholders' Group
HYDROCARB ENERGY: Cuts All Ties with Infinity Fund
INFINITY ENERGY: Delays Filing of 2015 Annual Report

INTERNATIONAL TEXTILE: Incurs $14,000 Net Loss in 2015
ISTAR INC: Offering $275 Million Senior Notes Due 2021
JACKSON MASONRY: Case Summary & 20 Largest Unsecured Creditors
JOHN JAHRLING: Exception Stops Discharge of Malpractice Judgment
JW RESOURCES: Court Denies U.S. Trustee's Conversion Bid

LEAPFROG ENTERPRISES: Rejects L&M's Acquisition Proposal
LEHMAN BROTHERS: To Pay Out Additional $1.6-Bil. to Creditors
LINN ENERGY: LinnCo Holds 36% of LLC Units as of March 22
LIQUIDMETAL TECHNOLOGIES: Scott Gillis Quits as Director
MEDICURE INC: To Announce 2015 Financial Results on March 30

MIDSTATES PETROLEUM: Provides Q4 and 2015 Operational Update
NAKED BRAND: Michael Flanagan Quits as Chief Financial Officer
NATIONS INSURANCE: A.M. Best Cuts Issuer Credit Rating to bb
NEW GULF RESOURCES: ENXP Asserts Security Interests Valid, Senior
NEWBURY COMMON: Dechert, et al., Also Represent Additional Debtors

NORANDA ALUMINUM: Court Issues Final Order Allowing DIP Financing
NORANDA ALUMINUM: Objections Filed, Auction Moved to June 2
OKLAHOMA FARM: A.M. Best Hikes Financial Strength Rating to B
OPTIMUMBANK HOLDINGS: Reports $163,000 Net Loss for 2015
OUTER HARBOR: Prime Clerk Okayed as Claims and Noticing Agent

OUTER HARBOR: Wants Aug. 1 Set as Governmental Unit Bar Date
OWENS-ILLINOIS INC: S&P Revises Outlook to Neg. & Affirms 'BB' CCR
PACIFIC EXPLORATION: EIG Pulls Out of Deal
PHYSICAL PROPERTY: Reports HK$795,000 Net Loss for 2015
PICO HOLDINGS: Leder Holdings Settles With PICO

PICO HOLDINGS: Names Raymond Marino Chairman of Board
PITTSBURGH CORNING: Trustees Appointed to Injury Settlement Trust
PMA MEDICAL: Voluntary Chapter 11 Case Summary
PORTER BANCORP: Incurs $3.21 Million Net Loss in 2015
PUERTO RICO: Rescue Plan Advances, Led by House Republicans

QUANTUM FUEL: Case Summary & 20 Largest Unsecured Creditors
QUANTUM FUEL: Files Chapter 11 Petition to Facilitate Sale
QUANTUM FUEL: Files for Bankruptcy After Defaulting on $2.7M Debt
QUANTUM FUEL: Files for Chapter 11 in C.D. Cal., To Sell Assets
QUANTUM FUEL: Kevin Douglas Has 22.1% Stake as of March 22

QUANTUM FUEL: Receives NASDAQ Delisting Notification
QUANTUM FUEL: Secures $6M DIP Loan From Douglas Acquisitions
QUANTUM FUEL: Wants to Pay up to $2.5M Critical Vendor Claims
RCS CAPITAL: Cetera Debtors' Case Summary & Top Unsec. Creditors
RCS CAPITAL: Court OKs Joint Administration of Chapter 11 Cases

RCS CAPITAL: Retention Plan Impermissible, U.S. Trustee Complains
REICHHOLD HOLDINGS: Judge Issues Final Decree to Close Cases
RESPONSE BIOMEDICAL: Incurs C$150,000 Net Loss in 2015
RESPONSE BIOMEDICAL: Reports Q4 & Fiscal 2015 Financial Results
REXFORD PROPERTIES: Plan Offers Stock, Cash to Unsec. Creditors

RIENZI & SONS: Alma Bank Objects to Amended Disclosure Statement
RIENZI & SONS: Alma Bank Opposes Banco Popolare Settlement
RIENZI & SONS: Tracy Klestadt to Serve as Creditors' Trustee
ROSETTA GENOMICS: Incurs $17.3 Million Loss in 2015
ROSETTA GENOMICS: Registers $75M Securities for Sale

RST CRANES: Case Summary & 20 Largest Unsecured Creditors
SABINE OIL: $4.97 Billion in Claims Filed as of Feb. 20
SDI SOLUTIONS: Cash Collateral Use Has Interim OK; April 5 Hearing
SEARS HOLDINGS: Enters Into Plan Protection Arrangement With PBGC
SEQUENOM INC: Camber Capital Reports 14.5% Stake as of March 23

SFS LTD: Shah, et al., Have Until April 4 to Reply to Complaint
SKYLINE CORP: May Issue 700,000 Shares Under 2015 Stock Plan
SKYLINE CORP: Tontine Asset Reports 5.3% Stake as of March 21
SPENDSMART NETWORKS: Alex Minicucci Quits as CEO and Director
SPENDSMART NETWORKS: Grants Restricted Stock and Options

STAR COMPUTER: Wants $197K Asset Sale to MG Accessories Approved
STELLAR BIOTECHNOLOGIES: Applies for Voluntary Delisting From TSX
STERLING ENGINEERING: Voluntary Chapter 11 Case Summary
STONE ENERGY: No Longer Qualifies for Bonding Exemptions
SUNEDISON INC: May Face Default if Earnings Are Further Delayed

TATOES LLC: Asks Permission to Pay Family Members' Salaries
TATOES LLC: Seeks Joint Administration of Cases
TEMPLAR ENERGY: S&P Lowers Corporate Credit Rating to 'SD'
TRANSUNION LLC: S&P Affirms BB- Rating on Term Loan B Over Add-On
VERITY HEALTH: S&P Affirms 'CCC' Rating on $279MM Bonds

VERMILLION INC: Reports Fourth Quarter and Full Year 2015 Results
WAFERGEN BIO-SYSTEMS: Reports $20.0 Million Net Loss for 2015
WEST 41 PROPERTY: Case Summary & 8 Unsecured Creditors
WESTMORELAND COAL: Venor Capital Withdraws Director Nominees
WHISTLER ENERGY: Involuntary Chapter 11 Case Summary

WINDSOR FINANCIAL: U.S. Trustee Forms 3-Member Committee
Z'TEJAS SCOTTSDALE: Court Converts Cases to Chapter 7
[*] Moody's Concludes Reviews for 11 US Oilfield Services Companies
[^] BOND PRICING: For the Week From March 21 to 25, 2016

                            *********

21ST CENTURY ONCOLOGY: Faces Lawsuits Over Data Breach
------------------------------------------------------
In connection with the data breach previously disclosed in 21st
Century Oncology Holdings, Inc.'s report on Form 8-K filed with the
Securities and Exchange Commission on March 4, 2016, the Company
received notice that class action complaints have been filed
against the Company.  The complaints allege, among other things,
that the Company failed to take the necessary security precautions
to protect patient information and prevent the data breach.

"Due to the inherent uncertainties of litigation, we cannot predict
the ultimate resolution of these matters or estimate the amounts
of, or ranges of, potential loss, if any, with respect to these
proceedings," the Company said in a Form 8-K report filed with the
SEC.

The Company has insurance coverage and contingency plans for
certain potential liabilities relating to the data breach.
Nevertheless, the Company said, the coverage may be insufficient to
satisfy all claims and liabilities related thereto and the Company
will be responsible for deductibles and any other expenses that may
be incurred in excess of insurance coverage.

                         About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

21st Century reported a net loss of $343 million on $1.02 billion
of total revenues for the year ended Dec. 31, 2014, compared to a
net loss of $78.2 million on $737 million of total revenues for the
year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $1.09 billion in total
assets, $1.33 billion in total liabilities, $370.47 million in
series A convertible redeemable preferred stock, $19.93 million in
noncontrolling interests and a $623.11 million total deficit.

                            *     *     *

As reported by the TCR on Feb. 27, 2015, Moody's Investors Service
upgraded 21st Century Oncology, Inc.'s Corporate Family Rating and
Probability of Default Rating to B3 and B3-PD, respectively.
The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board and subsequent debt
reduction.

In the April 16, 2015, edition of the TCR, Standard & Poor's
Ratings Services affirmed its 'B-' corporate credit rating on Fort
Myers-based cancer care provider 21st Century Oncology Holdings
Inc.


21ST CENTURY ONCOLOGY: To Restate 2012, 2013 & 2014 Financials
--------------------------------------------------------------
The Board of Directors of 21st Century Oncology Holdings, Inc.,
upon the recommendation of the Audit Committee of the Board and
management, determined that the following financial statements
previously filed by the Company with the Securities and Exchange
Commission should no longer be relied upon:

   (1) the audited consolidated financial statements as of and for
       the years ended Dec. 31, 2012, 2013 and 2014 and the
       independent registered public accounting firm's reports
       thereon; and

   (2) the unaudited condensed consolidated financial statements
       as of and for each of the interim periods within the years
       ended Dec. 31, 2012, 2013 and 2014 and for the interim
       periods ended March 31, June 30 and Sept. 30, 2015.

Similarly, related press releases, earnings releases, management's
report on the effectiveness of internal control over financial
reporting as of Dec. 31, 2012, 2013 and 2014 and investor
communications describing the Company's financial statements for
these periods should no longer be relied upon.

The Company has determined that the financial statements should be
restated in order to give effect primarily to revenue recognition
related matters, accounts receivable reconciliation issues and
income and non-income tax matters with respect to its operations in
Latin America as well as to give effect to refunds and expected
penalties that the Company has recorded in connection with
electronic health records incentive payments received  under the
Health Information Technology for Economic and Clinical Health Act
(HITECH) as a result of meaningful use attestations submitted on
behalf of certain Company employed radiation oncologists for
program years 2012, 2013 and 2014.  The Company is continuing its
review and quantification of these and potentially other less
significant matters, which are expected to be reflected in the
restated financial statements.  The Company intends to file with
the SEC, as soon as practicable, restated financial information for
the affected periods.

The Company expects that its annual report on Form 10-K for the
year ended Dec. 31, 2015, will not be filed by March 30, 2016.

The Company's management and the Audit Committee have discussed the
matters with the Company's current independent registered public
accounting firm, Ernst & Young LLP, as they relate to the unaudited
condensed consolidated financial statements as of and for the
periods ended March 31, June 30 and Sept. 30, 2015. Authorized
officers of the Company have discussed the matters with the
Company's predecessor independent registered public accounting
firm, Deloitte & Touche LLP, as they relate to the audited
consolidated financial statements or unaudited condensed
consolidated financial statements for all other periods identified
in this report.

                        About 21st Century

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc. ("RTS") owns and operates radiation treatment
facilities in the US and Latin America.

21st Century reported a net loss of $343 million on $1.02 billion
of total revenues for the year ended Dec. 31, 2014, compared to a
net loss of $78.2 million on $737 million of total revenues for the
year ended Dec. 31, 2013.

As of Sept. 30, 2015, the Company had $1.09 billion in total
assets, $1.33 billion in total liabilities, $370.47 million in
series A convertible redeemable preferred stock, $19.93 million in
noncontrolling interests and a $623.11 million total deficit.

                            *     *     *

As reported by the TCR on Feb. 27, 2015, Moody's Investors Service
upgraded 21st Century Oncology, Inc.'s Corporate Family Rating and
Probability of Default Rating to B3 and B3-PD, respectively.
The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board and subsequent debt
reduction.

In the April 16, 2015, edition of the TCR, Standard & Poor's
Ratings Services affirmed its 'B-' corporate credit rating on Fort
Myers-based cancer care provider 21st Century Oncology Holdings
Inc.


38-36 GREENVILLE: Case Summary & 2 Unsecured Creditors
------------------------------------------------------
Debtor: 38-36 Greenville Ave LLC
        38-36 Greenville Ave
        Jersey City, NJ 07307

Case No.: 16-15598

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 24, 2016

Court: United States Bankruptcy Court
       District of New Jersey (Newark)

Judge: Hon. Stacey L. Meisel

Debtor's Counsel: Kevin K. Tung, Esq.
                  KEVIN KERVENG TUNG P.C.
                  136-20 38th Avenue, Suite 3D
                  Flushing, NY 11354
                  Tel: 718-939-4633
                  Fax: 718-939-4468
                  Email: ktung@kktlawfirm.com

Total Assets: $443,917

Total Liabilities: $1.84 million

The petition was signed by Lingyan Quan, president.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb16-15598.pdf


ADAMIS PHARMACEUTICALS: Incurs $13.6 Million Net Loss in 2015
-------------------------------------------------------------
Adamis Pharmaceuticals Corporation filed with the Securities and
Exchange Commission its annual report on Form 10-K reporting a net
loss of $13.6 million on $0 of revenue for the year ended
Dec. 31, 2015, compared to a net loss of $9.31 million on $0 of
revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Adamis had $12.06 million in total assets,
$2.74 million in total liabilities and $9.31 million in total
stockholders' equity.

Mayer Hoffman McCann P.C., in San Diego, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred recurring losses from operations, and is
dependent on additional financing to fund operations.  These
conditions raise substantial doubt about the Company's ability to
continue as a going concern, the auditors noted.

                       Bankruptcy Warning

The Company disclosed it currently has no credit facility or
committed sources of capital.  Delays in obtaining funding could
adversely affect its ability to develop and commercially introduce
products and cause it to be unable to comply with its obligations
under outstanding instruments.

"Our ability to obtain additional financing will be subject to a
number of factors, including market conditions, our operating
performance and investor sentiment.  If we are unable to raise
additional capital when required or on acceptable terms, we may
have to significantly delay, scale back or discontinue the
development or commercialization of one or more of our product
candidates, restrict our operations or obtain funds by entering
into agreements on unattractive terms, which would likely have a
material adverse effect on our business, stock price and our
relationships with third parties with whom we have business
relationships, at least until additional funding is obtained.  If
we do not have sufficient funds to continue operations, we could be
required to seek bankruptcy protection or other alternatives that
would likely result in our stockholders losing some or all of their
investment in us," the Company stated in the report.

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

                     http://is.gd/AU9S7l

                         About Adamis

San Diego, Calif.-based Adamis Pharmaceuticals Corporation (OTC
QB: ADMP) is a biopharmaceutical company engaged in the
development and commercialization of specialty pharmaceutical and
biotechnology products in the therapeutic areas of respiratory
disease, allergy, oncology and immunology.


AEMETIS INC: Reports Fourth Quarter and Year-End 2015 Results
-------------------------------------------------------------
Aemetis, Inc., reported a net loss of $6.45 million on $35.34
million of revenues for the three months ended Dec. 31, 2015,
compared to a net loss of $3.74 million on $41.47 million of
revenues for the same period in 2014.

For the year ended Dec. 31, 2015, Aemetis reported a net loss of
$27.13 million on $146.64 million of revenues compared to net
income of $7.13 million on $207.68 million of revenues for the year
ended Dec. 31, 2014.

As of Dec. 31, 2015, Aemetis had $83.14 million in total assets,
$118.43 million in total liabilities and a total stockholders'
deficit of $35.29 million.

"In 2015, our financial and operational performance was affected by
excess supply in ethanol markets," said Eric McAfee, chairman and
chief executive officer of Aemetis.  "During this past year,
Aemetis significantly increased production at our biodiesel and
glycerin biorefinery in India, to take advantage of deregulation
and the removal of subsidies in the diesel market.  The biodiesel
domestic market in India continues to grow, with our expanding
sales of B100 as a transportation fuel to replace diesel.  In 2016,
we plan to increase the profitability of our ethanol business by
the adoption of patented technologies for the production of
cellulosic ethanol and related products at the Keyes plant," added
McAfee.

"Subdued performance during 2015 reflects excess supply of ethanol
in the North America segment where we continue to derive a majority
of our revenues.  We have been diligent in controlling our selling,
general and administrative expenses," said Todd Waltz, chief
financial officer of Aemetis.  "We have ongoing interest expense
reductions through refinance activities currently underway,
including $12.5 million in escrow to the company from the EB-5
program, that we believe will further lower the interest costs of
the company," added Waltz.

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

                      http://is.gd/j0QI3O

                          About Aemetis

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


AGAP LIFE: Case Summary & 3 Unsecured Creditors
-----------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

         Debtor                                  Case No.
         ------                                  --------
         AGAP Life Offerings, LLC                16-40520
         10567 Buccaneer Point
         Frisco, TX 75034

         AGAP LS 309, LLC                        16-40521
         10567 Buccaneer Point
         Frisco, TX 75034

Chapter 11 Petition Date: March 24, 2016

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

Debtors' Counsel: Joyce W. Lindauer, Esq.
                  JOYCE W. LINDAUER ATTORNEY, PLLC
                  12720 Hillcrest Road, Suite 625
                  Dallas, TX 75230
                  Tel: (972) 503-4033
                  Fax: (972) 503-4034
                  E-mail: joyce@joycelindauer.com



                                      Estimated     Estimated
                                       Assets      Liabilities
                                     ----------    -----------
AGAP Life Offerings                  $500K-$1MM    $500K-$1MM
AGAP LS 309                          $500K-$1MM    $1MM-$10MM

The petitions were signed by Charles D. Madden, manager.

A list of AGAP Life Offerings' three largest unsecured creditors is
available for free at http://bankrupt.com/misc/txeb16-40520.pdf

A list of AGAP LS 309's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txeb16-40521.pdf


ALEXZA PHARMACEUTICALS: Obtains Add'l $1M Financing From Ferrer
---------------------------------------------------------------
Alexza Pharmaceuticals, Inc., filed an amendment to its Current
Report on Form 8-K filed with the Securities and Exchange
Commission on Sept. 28, 2015, wherein it disclosed the issuance of
a promissory note to Grupo Ferrer Internacional, S.A. in the
maximum principal amount of $5 million.

The purpose of the amendment was to report that Ferrer has made an
additional $1 million available to Alexza under the Ferrer Note on
March 21, 2016.

As of March 21, 2016, an aggregate of $4 million of the principal
amount of the Ferrer Note was outstanding.

               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.


ALPHA NATURAL: Panel Taps Innovative as Compensation Consultant
---------------------------------------------------------------
The Official Committee of Unsecured Creditors in the Chapter 11
cases of Alpha Natural Resources, Inc., et al., seek permission
from the U.S. Bankruptcy Court to retain Innovative Compensation
and Benefits Concepts, LLC, as compensation consultant, effective
as of Dec. 28, 2015.

Innovative Compensation will, among other things:

   (a) review and analyze the terms of the KEIP as proposed by the
Debtors, including the appropriateness of the threshold, target,
and maximum performance goals and the corresponding payout
opportunities proposed in the KEIP Schedule;

   (b) prepare an expert report and opinion and, if necessary,
provide expert testimony with respect to the foregoing; and

   (c) provide such other consulting or advisory services as may be
needed.

The Court had previously granted the Committee's application to
retain  respectively.  The services that Innovative will be asked
to provide to the Committee are very limited in scope and are
separate and distinct from the services that either Protiviti or
Jefferies have been providing and will continue to provide to the
Committee. Innovative has specialized expertise in
compensation-related matters, whichneither Protiviti nor Jefferies
possesses.

To ensure that there is no unnecessary duplication of services
during the pendency of the cases, Innovative, Protiviti, Inc., the
financial advisor and Jefferies LLC as investment banker, will
coordinate on the services they provide to the Committee.

The aggregate fees and expenses to be paid to Innovative for
services performed and expenses incurred pursuant to the engagement
letter will not exceed $50,000.

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

The Committee is represented by:

        Dennis F. Dunne, Esq.
        Evan R. Fleck, Esq.
        Eric K. Stodola, Esq.
        MILBANK, TWEED, HADLEY & McCLOY LLP
        28 Liberty Street
        New York, NY 10005
        Tel: (212) 530-5000

           -- and --

        William A. Gray, Esq.
        W. Ashley Burgess, Esq.
        Roy M. Terry, Jr., Esq.
        SANDS ANDERSON PC
        P.O. Box 1998
        Richmond, VA 23218-1998
        Tel: (804) 648-1636

                    About Alpha Natural Resources

Headquartered in Bristol, Virginia, Alpha Natural --
http://www.alphanr.com/-- is a coal supplier, ranked second   
largest among publicly traded U.S. coal producers as measured by
2014 consolidated revenues of $4.3 billion.  As of August 2015,
Alpha had 8,000 full time employees across many different states,
with UMWA representing 1,000 of the employees.

Alpha Natural Resources, Inc. (Bankr. E.D. Va. Case No. 15-33896)
and its affiliates filed separate Chapter 11 bankruptcy petitions
on Aug. 3, 2015, listing $9.9 billion in total assets as of
June 30, 2015, and $7.3 billion in total liabilities as of
June 30, 2015.  

The petitions were signed by Richard H. Verheij, executive vice
president, general counsel and corporate secretary.

Judge Kevin R. Huennekens presides over the cases.

David G. Heiman, Esq., Carl E. Black, Esq., and Thomas A. Wilson,
Esq., at Jones Day serve as the Debtors' general counsel.

Tyler P. Brown, Esq., J.R. Smith, Esq., Henry P. (Toby) Long, III,
Esq., and Justin F. Paget, Esq., serve as the Debtors' local
counsel.  Rothschild Group is the Debtors' financial advisor.
Alvarez & Marshal Holdings, LLC, is the Debtors' investment
banker.

Kurtzman Carson Consultants, LLC, is the Debtors' claims and
noticing agent.

The U.S. Trustee for Region 4 appointed seven creditors of Alpha
Natural Resources Inc. to serve on the official committee of
unsecured creditors.  Dennis F. Dunne, Esq., Evan R. Fleck, Esq.,
and Eric K. Stodola, Esq., at Milbank, Tweed, Hadley & McCloy LLP;
and William A. Gray, Esq., W. Ashley Burgess, Esq., and Roy M.
Terry, Jr., Esq. at Sands Anderson PC, represent the Committee.


AMC NETWORKS: S&P Assigns 'BB' Rating on Proposed $750MM Notes
--------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB' issue-level
rating and '3' recovery rating to New York City-based cable network
operator AMC Networks Inc.'s proposed $750 million senior unsecured
notes due 2024.  The '3' recovery rating indicates S&P's
expectation for meaningful recovery (50%-70%; upper half of the
range) of principal in the event of a payment default.

The company will use the proceeds to redeem its existing 7.75%
unsecured notes due 2021 ($700 million was outstanding as of
December 2015).  The notes and the guarantees are AMC Networks'
general unsecured senior obligations, and they will rank equally
with all of the company's and the guarantors' existing and future
unsecured and unsubordinated debt.

S&P's 'BB' corporate credit rating and stable rating outlook on AMC
Networks remain unchanged.  The outlook reflects S&P's expectation
that the company will maintain adjusted leverage in the low 3x-area
in 2016.  It also reflects the company's lack of a clearly
articulated financial policy, which constrains the rating. S&P
assess AMC Network's business risk profile as satisfactory, based
on these:

   -- The company's dependence on a single cable network, AMC--the

      largest individual network contributor to its revenue and
      cash flow;

   -- The company's four smaller domestic cable networks, which
      generate a smaller, but growing proportion of revenue and
      cash flow;

   -- The company's international cable network portfolio
      (including AMC Networks International), which diversifies
      its revenue base (almost 20% of total AMC Networks revenue
      is derived outside of the U.S) and provides it with
      opportunities to leverage its growing original programming
      slate;

   -- The trend of declining cable network audience ratings across

      the sector (though the company's audience ratings have gone
      against this trend so far);

   -- The company's growing distribution fees, with affiliate fees

      comprising about 60% of total consolidated revenues; and

   -- The company's strong EBITDA margins, though they are
      somewhat lower than other cable companies', due to its
      smaller international segment margins and lower subscription

      fees.

S&P views the company's financial risk profile as significant.  The
assessment reflects S&P's expectation that adjusted leverage (pro
forma for the transaction and adjusted for leases, pensions,
guarantees, funding commitments, and potential puts and pro forma
for the proposed debt issuance but not any debt repayment) was
below 3.5x as of Dec. 31, 2015, and it will decline to about 3x
by the end of 2016 and potentially to the mid-2x area in 2017.  S&P
also expects that the company will generate free operating cash
flow of about $300 million in 2016.  Nonetheless, S&P believes
there are risks to its assessment due to a lack of clarity
regarding the Charles Dolan family's controlling-shareholder return
strategy; the family holds 67% voting power and comprises a
majority of the board.

RATINGS LIST

AMC Networks Inc.
Corporate Credit Rating         BB/Stable/--

New Ratings

AMC Networks Inc.
Senior Unsecured
  $750 million notes due 2024    BB
   Recovery Rating               3H


API TECHNOLOGIES: Amends Fiscal 2015 Form 10-K to Add Info.
-----------------------------------------------------------
API Technologies Corp. filed an amendment to its annual report on
Form 10-K for the year ended Nov. 30, 2015, originally filed with
the Securities and Exchange Commission on March 2, 2016, solely for
the purpose of including the information required by Part III of
Form 10-K.

Part III contains information about Directors, Executive Officers
and Corporate Governance, Executive Compensation, Security
Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters, Certain Relationships and Related
Transactions, and Director Independence and Principal Accountant
Fees and Services.

That information was previously omitted from the Original 10-K
Filing in reliance on General Instruction G(3) to Form 10-K, which
permits the information to be incorporated in the Form 10-K by
reference to its definitive proxy statement for the 2016 Annual
Meeting of Stockholders if such proxy statement is filed no later
than 120 days after the Company's fiscal year end.

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

                        http://is.gd/Ba0uzO

                      About API Technologies

API Technologies designs, develops and manufactures electronic
systems, subsystems, RF and secure solutions for technically
demanding defense, aerospace and commercial applications.  API
Technologies' customers include many leading Fortune 500
companies.  API Technologies trades on the NASDAQ under the symbol
ATNY.  For further information, please visit the Company Web site
at http://www.apitech.com/          

API Technologies reported a net loss of $22.29 million on $232.28
million of net revenue for the year ended Nov. 30, 2015, compared
to a net loss of $18.91 million on $226.85 million of net revenue
for the year ended Nov. 30, 2014.

                           *     *     *

As reported by the TCR on Feb. 14, 2013, Moody's Investors Service
has withdrawn all ratings of API Technologies, including its
'Caa1' Corporate Family Rating and negative outlook due to the
repayment of all rated debt.  On Feb. 6, 2013, API Technologies
completed a refinancing of its previously outstanding rated
bank debt.  All ratings of API have been withdrawn since the
company has no rated debt outstanding.

In the Feb. 22, 2013, edition of the TCR, Standard & Poor's
Ratings Services said that it lowered its corporate credit rating
on API Technologies to 'B-' from 'B'.

"The downgrade reflects weaker-than-expected credit metrics
resulting from less-than-expected improvements in operating
performance and higher debt, including a modest increase from the
recent refinancing," said Standard & Poor's credit analyst Chris
Mooney.


APOLLO MEDICAL: Interim Chief Financial Officer Resigns
-------------------------------------------------------
William R. Abbott resigned as interim chief financial officer of
Apollo Medical Holdings, Inc., on March 21, 2016, not as a result
of any disagreement with the Company's board of directors or
management, according to a Form 8-K report filed with the
Securities and Exchange Commission.  The Company's search for a
permanent chief financial officer, utilizing the services of a
leading executive search firm, is continuing.

                       About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc., provides
hospitalist services in the Greater Los Angeles, California area.
Hospitalist medicine is organized around the admission and care of
patients in an inpatient facility such as a hospital or skilled
nursing facility and is focused on providing, managing and
coordinating the care of hospitalized patients.

Apollo Medical reported a net loss attributable to the Company of
$1.8 million on $32.9 million of net revenues for the year ended
March 31, 2015, compared to a net loss attributable to the Company
of $5 million on $10.5 million of net revenues for the year ended
Jan. 31, 2014.

For the nine months ended Dec. 31, 2015, the Company reported a net
loss attributable to the Company of $4.69 million on $32.23 million
of net revenues compared to a net loss attributable to the Company
of $1.99 million on $23.40 million of net revenues for the nine
months ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $14.56 million in total
assets, $9.78 million in total liabilities, $7.07 million in
mezzanine equity and a total stockholders' deficit of $2.29
million.


ARCH COAL: Court Approves Joint Administration of Chapter 11 Cases
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Eastern District of Missouri
drected the joint administration of the Chapter 11 cases of Arch
Coal, Inc.,et al., for procedural purposes only.

These cases will jointly administered under Arch Coal, Inc., Case
No. 16-40120-705:

      ACI Terminal, LLC;
      Allegheny Land Company;
      Apogee Holdco, Inc.;
      Arch Coal Sales Company, Inc.;
      Arch Coal West, LLC;
      Arch Development, LLC;
      Arch Energy Resources, LLC;
      Arch Reclamation Services, Inc.;
      Arch Western Acquisition Corporation;
      Arch Western Acquisition, LLC;
      Arch Western Bituminous Group, LLC;
      Arch Western Finance LLC;
      Arch Western Resources, LLC;
      Arch of Wyoming, LLC;
      Ark Land Company;
      Ark Land KH, Inc.;
      Ark Land LT, Inc.;
      Ark Land WR, Inc.;
      Ashland Terminal, Inc.;
      Bronco Mining Company, Inc.;
      Catenary Coal

As reported by the Troubled Company Reporter on Jan. 13, 2016, the
Debtors requested that the Court maintain one file and one docket
for all of their cases under the case of Arch Coal, Inc.

Bankruptcy Rule 1015(b) provides, in relevant part, that if "two or
more petitions are pending in the same court by or against ... a
debtor and an affiliate, the court may order a joint administration
of the estates."  The Debtors relate they are "affiliates" as that
term is defined under Section 101(2) of the Bankruptcy Code.  

The Debtors anticipate that many of the motions, hearings and
orders in these Chapter 11 cases will affect each Debtor and its
respective estate.

According to Brian C. Walsh, Esq., at Bryan Cave LLP, counsel for
the Debtors, joint administration will avoid the preparation,
replication, service and filing, as applicable, of duplicative
notices, applications and orders, thereby saving the Debtors
considerable expense and resources.

He added that the Court also will be relieved of the burden of
entering duplicative orders and maintaining duplicative files and
supervision of the administrative aspects of these Chapter 11 cases
by the United States Trustee for the Eastern District of Missouri
will be simplified.

In addition, the Debtors seek authority to file the monthly
operating reports required by the United States Trustee's
"Operating Guidelines and Reporting Requirements for Debtors in
Possession and Trustees" on a consolidated basis.

                      About Arch Coal, Inc.

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

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total
debts of $6.45 billion.  Judge Charles E. Rendlen III has been
assigned the case.

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

The Official Committee of Unsecured Creditors tapped Spencer Fane
LLP and Kramer Levin Naftalis & Frankel LLP as attorneys


ARCH COAL: Wants to Hire PJT Partners as Investment Banker
----------------------------------------------------------
Arch Coal, Inc., et al., ask the U.S. Bankruptcy Court for the
Eastern District of Missouri for permission to employ PJT Partners
LP as investment banker.

PJTP 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 PJTP and
its affiliated operating entities.

PJT will:

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

   b) assist in the development of the Debtors' long-term business
plan and related financial projections;

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

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

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

   f) assist the Debtors in arranging a financing if requested by
the Debtors, including, but not limited to, debtor-in-possession
financing and exit financing;

   g) provide strategic advice with regard to restructuring or
refinancing the Debtors' obligations;

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

   i) participate in negotiations among the Debtors and their
creditors, suppliers, lessors and other interested parties;

   j) value securities offered or to be offered by the Debtors in
connection with a restructuring;

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

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

   m) provide expert witness testimony concerning any of the
subjects encompassed by the other investment banking services; and

   n) provide such other advisory services as are customarily
provided in connection with the analysis and negotiation of a
Restructuring, as requested and mutually agreed.

Specifically, the advisor will carry out unique functions and will
use reasonable efforts to coordinate with the Debtors' other
retained professionals to avoid unnecessary duplication of
services.

Before the Petition Date, the Debtors paid the advisor $3,047,347
in fees and expenses.  The amount includes out-of-pocket
prepetition expenses incurred by the advisor and a $30,000 expense
estimate.

PJTP's fee structure consists of:

   a) a monthly advisory fee of $250,000 in cash;

   b) an additional fee for any financing arranged by PJTP, at the
Debtors' request of 0.75% of the total issuance size for senior
debt financing, 3.0% of the total issuance size for junior debt
financing and 5.0% of the issuance amount for equity financing,
payable upon receipt of a binding commitment letter; provided that,
if financing arranged by PJTP is the only restructuring undertaken,
PJTP, in its sole discretion, may choose to be paid either the
Capital Raising Fee or the Restructuring fee, but not
both.

   c) an additional fee (the restructuring fee) equal to
$13,500,000, payable in cash, upon the consummation of the
restructuring.

   d) expense reimbursements.

Mark Buschmann, a partner at PJTP, a financial advisory firm with
its principal offices located at 280 Park Avenue, New York City,
assures the Court that PJTP is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

                          About Arch Coal

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

Arch Coal, Inc. and 71 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D. Mo. Case Nos. 16-40120 to
16-40191) on Jan. 11, 2016.  The petition was signed by Robert G.
Jones as senior vice president-law, general counsel and secretary.

The Debtors disclosed total assets of $5.84 billion and total debt
of $6.45 billion.  Judge Charles E. Rendlen III has been assigned
the case.

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


ARGENT ENERGY: Court Grants Petition to Recognize Canadian Cases
----------------------------------------------------------------
A U.S. bankruptcy court granted the petition of FTI Consulting
Canada Inc. to recognize the reorganization proceeding of Argent
Energy (Canada) Holdings Inc. and Argent Energy (US) Holdings Inc.
in Canada.  

FTI, the firm appointed by a Canadian court as monitor and foreign
representative for the companies, filed Chapter 15 petition in the
U.S. Bankruptcy Court for the Southern District of Texas in order
to get the Canadian proceeding 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.

An ad hoc committee representing debenture holders of debt
securities issued by the companies had earlier opposed the
petition, saying "there is a high likelihood that neither
petitioner is entitled to Chapter 15 relief."   

                        Argent Energy

Argent Energy (Canada) Holdings, Inc. and Argent Energy (US)
Holdings, Inc. on Feb. 19, 2016, through FTI Consulting, Inc., as
monitor and foreign representative, filed petitions Chapter 15 of
the Bankruptcy Code (Bankr. S.D. Tex. Case Nos. 16-20060 and
16-20061, respectively) after failing to repay $51.9 million under
a credit facility dated as of Oct. 25, 2012, with a lending
syndicate comprised of The Bank of Nova Scotia, Canadian Imperial
Bank of Commerce, Royal Bank of Canada, and Wells Fargo Bank, N.A.,
Canadian Branch, with The Bank of Nova Scotia as administrative
agent.

Contemporaneously with the filing of the Chapter 15 petitions, the
Debtors, through FTI Consulting Canada Inc., in its capacity as the
court-appointed monitor and authorized foreign representative,
filed a motion asking the U.S. Bankruptcy Court to recognize in the
United States a proceeding pending in the Court of Queen's Bench of
Alberta, Judicial Centre of Calgary under the Companies' Creditors
Arrangement Act.  

Argent Canada and Argent US, owners of interests in oil and gas
assets in Texas, Wyoming, and Colorado, are part of a group of
companies who have been granted protection under the CCAA.  The
Canadian Court has appointed FTI as the monitor and authorized
foreign representative of the Debtors.  

As part of the restructuring process in the Canadian Proceeding and
these related Chapter 15 cases, the Debtors intend to sell their
assets through a court-supervised procedure.  On Feb. 17, 2016, the
Canadian Court granted an initial order, among other things,
imposing a stay in Canada prohibiting any proceeding or enforcement
process against the Canadian Debtors or their assets and approving
a sale solicitation process for the marketing and sale of Argent's
assets.


ARI INSURANCE: A.M. Best Hikes Issuer Credit Rating From bb
-----------------------------------------------------------
A.M. Best has removed from under review with developing
implications and upgraded the financial strength rating to A
(Excellent) from B (Fair) and the issuer credit rating to "a" from
"bb" of ARI Insurance Company (ARI) (Newtown, PA). The outlook
assigned to both ratings is stable.

The rating actions follow the acquisition of ARI by AmTrust
Financial Services, Inc. (AmTrust) [NASDAQ:AFSI] and the approval
of a 50% quota share reinsurance agreement between ARI and AmTrust
International Insurance, Ltd., which includes coverage for ARI's
net reinsurance liabilities. They also reflect capital
contributions to ARI during the first quarter of 2016. These
actions have driven an improvement in ARI's balance sheet strength,
including its risk-adjusted capital level.

Partially offsetting these positive factors are ARI's poor
underwriting and operating performance in recent years, driven by
substantial levels of adverse development of prior years' loss
reserves in 2014 and 2015 and elevated underwriting expenses.

Positive rating action is not expected in the near term, although
such action could occur should there be a sustained improvement of
performance relative to peers. Negative rating actions could result
if underwriting or operating performance deteriorates, particularly
if such deterioration drives a substantial decline in risk-adjusted
capitalization.


ASHLEY STEWART: Wants Waterfall Modified, Ch. 11 Case Dismissed
---------------------------------------------------------------
Ashley Stewart Holdings, Inc., et al. and their Official Committee
of Unsecured Creditors ask the U.S. Bankruptcy Court for the
District of New Jersey to approve modifications in the distribution
of certain sums under the Global Settlement and to dismiss the
Debtors' Chapter 11 cases.

Substantially all of the Debtors' assets were sold to a going
concern purchaser for approximately $23 million in total
consideration.  In order to facilitate the achievement of a going
concern sale transaction, the Debtors and the Committee entered
into a Global Settlement with the Debtors' prepetition lenders and
the Debtors' postpetition lenders.  The Global Settlement, which
was approved by the Court, provides for a distribution waterfall
for the application of the proceeds of the sale.

The Debtors and the Official Committee want the Court to approve
two modifications to the waterfall set forth in the Global
Settlement.  These modifications involve the distribution of
$775,000 Excess Cash as follows:

     (1) To the payment of $96,745 for Tax Claims owed pursuant to
the claim settlement agreements with certain state taxing
authorities filed on February 24, 2016.

     (2) to the payment of (a) approximately $360,000 in additional
post- closing professional fees, to be shared pro rata among the
Estate Professionals, that will not otherwise be funded pursuant to
the waterfall set forth in the Global Settlement ( "Additional
Professional Fees"); (b) approximately $225,000 for Allowed unpaid
Claims under section 503(b)(9) of the Bankruptcy Code and Allowed
unpaid stub-rent Claims; and (c) $100,000 to the GBG Parties or, if
later agreed upon by the Debtors and the GBG Parties, such lesser
amount to the GBG Parties as is needed to fully satisfy (a) and (b)
above.

The Excess Cash consists of cash on hand that does not constitute
Aggregate Sale Net Proceeds insofar as these funds were not
proceeds of the Sale but rather security deposits and other funds
recovered by the estates following consummation of the Sale to the
Purchaser.

The Debtors and the Committee ask the Court for authority to
reallocate $150,000 of the Key Employee Incentive Plan ("KEIP")
payments that would have been paid in Tier 2 ("Tier 2 KEIP
Payments") to share pro rata with the Additional Professional Fees
funded by the Excess Cash.  They explain that the Tier 2 KEIP
Payments will receive the same percentage reduction of their
administrative claims as the professionals in the Chapter 11 Case.
They relate that this will result in a reduction to the recovery
of the Tier 2 KEIP Payment of approximately $7,000 based on the
current estimates of Additional Professional Fees through the
closing of the Chapter 11 Cases.  The Debtors and the Official
Committee further relate that in acknowledgment of the hard work
and efforts of the participants of the KEIP, Curtis,
Mallet-Prevost, Colt & Mosle LLP and PricewaterhouseCoopers have
voluntarily agreed to fund the lesser of (i) an amount equal to the
KEIP Reduction, or (ii) $10,000 from the recovery of its
professional fees so that the participants in the KEIP are not
negatively impacted by this compromise.

The Debtors and the Committee, with the consent and approval of the
GBG Parties, request the Court's authority to cap the GBG Parties'
recovery in Tier 3 of the waterfall set forth in the Global
Settlement to the funds that were distributed to the GBG Parties on
the Closing Date.  Any additional distribution the GBG Parties
would have received in Tier 3 will be treated as Excess Cash.

The Debtors and the Committee tell the Court that after carefully
considering alternatives, they have decided that a dismissal is the
most effective vehicle to achieve their goals.  The further tell
the Court that Other than the disbursement of the remaining sale
proceeds and other cash held by the Debtors that are proposed to be
distributed to administrative creditors, there is nothing left to
be done in the cases as avoidance actions have been sold to the
Purchaser and waived, and the disputed claims have been
substantially resolved by the Committee and the Debtors.  They
contend that a structured dismissal makes the most practical and
economical sense given the circumstances of this case.

                U.S. Trustee's Objection to Motion

Andrew R. Vara, acting United States Trustee for Region 3, contends
that a recent Third Circuit decision permits the Court to approve a
structured dismissal, but only in a "rare" case, and only when
traditional routes out of Chapter 11 are available.  
The U.S. Trustee further contends that the case before the Court is
not "rare".  He relates that there is simply a proposed
distribution of $775,000 of "Excess Cash," which is not part of the
Aggregate Sale Net Proceeds and is not subject to the Global
Settlement that was approved by the Court.

The U.S. Trustee tells the Court that the Debtors and the Official
Committee have not shown that the traditional routes to exit
chapter 11 are foreclosed in the case.  He further tells the Court
that the Debtors and the Official Committee provide only one reason
against utilization of the plan process, that argument being that
it will take too long and be too expensive.  The U.S. Trustee adds
that it is hard for him to see how, after more than two years in
bankruptcy, the case does not have time to permit the voting
process and presentation of a plan to creditors and interest
holders.

Ashley Stewart Holdings, Inc., and its affiliated debtors are
represented by:

          Steven J. Reisman, Esq.
          Cindi M. Giglio, Esq.
          CURTIS, MALLET-PREVOST,
          COLT & MOSLE LLP
          101 Park Avenue
          New York, NY 10178-0061
          Telephone: (212)696-6000
          Facsimile: (212)697-1559
          E-mail: sreisman@curtis.com
                  ceilbott@curtis.com

                - and -

          Michael D. Sirota, Esq.
          Ilana Volkov, Esq.
          COLE SCHOTZ P.C.
          Court Plaza North
          25 Main Street
          Hackensack, NJ 07601
          Telephone: (201)489-3000
          Facsimile: (201)489-1536
          E-mail: msirota@coleschotz.com
                  ivolkov@coleschotz.com

The Official Committee of Unsecured Creditors is represented by:

          Bradford J. Sandler, Esq.
          Robert J. Feinstein, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          780 Third Avenue
          New York, NY 10017
          Telephone: (212)561-7700
          Facsimile: (212)561-7777
          E-mail: bsandler@pszjlaw.com
                  rfeinstein@pszjlaw.com

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

          Peter J. D'Auria, Esq.
          OFFICE OF THE UNITED STATES TRUSTEE
          One Newark Center, Suite 2100
          Newark, NJ 07102
          Telephone: (973)645-3014
          Facsimile: (973)645-5993
          E-mail: Peter.J.D'Auria@usdoj.gov

                   About Ashley Stewart Holdings

The Ashley Stewart name is synonymous with offering women who wear
sizes 12 and up well-made fashionable clothes at affordable
prices.

Ashley Stewart Holdings Inc. and affiliates New Ashley Stewart
Inc., AS IP Holdings Inc. and NAS Gift LLC filed Chapter 11
petitions in Newark, New Jersey (Bankr. D.N.J. Case Nos. 14-14383
to 14-14386) on March 10, 2014.  Michael A. Abate signed the
petitions as senior vice president finance/treasurer.  Ashley
Stewart Holdings estimated assets and liabilities of at least $10
million.  The Hon. Michael B. Kaplan oversees the case.

Curtis, Mallet-Prevost, Colt & Mosle LLP serves as the Debtors'
general counsel.  Cole, Schotz, Meisel, Forman & Leonard, P.A., is
the Debtors' local counsel.  PricewaterhouseCoopers LLP acts as the
Debtors' financial advisor.  Prime Clerk LLC serves as the Debtors'
claims and noticing agent.

The U.S. Trustee for Region 3 formed a five-member panel to act as
the official committee of unsecured creditors in the Debtors'
cases.  Counsel to the Committee is Pachulski Stang Ziehl & Jones
LLP.  GlassRatner Advisory & Capital Group, LLC, acts as financial
advisor to the Committee.

Ashley Stewart has obtained authority to conduct store closing
sales at 27 locations around the United States in accordance with a
consulting agreement with Gordon Brothers Retail Partners, LLC.


AURORA DIAGNOSTICS: To Hold Q4 Investor Conference Call March 30
----------------------------------------------------------------
Aurora Diagnostics Holdings, LLC, announced that it will hold a
conference call to review its results for the quarter and year
ended Dec. 31, 2015, on Wednesday, March 30, 2016, at 12:00 p.m.
Eastern Time.  The call may be accessed by dialing (877) 561-2748
for U.S. callers or (720) 545-0044 for international callers.
Please reference conference ID# 75832061.

The Company will provide a live internet webcast of the conference
call, as well as an archived replay, all of which can be accessed
from the Company's Investor Relations page at www.auroradx.com.  In
addition, a telephonic replay of the conference call will be
available through 3:00 p.m. on Wednesday, April 6, 2016, and can be
accessed by dialing (855) 859-2056 (toll free) or (404) 537-3406.
Please reference conference ID# 75832061.

                    About Aurora Diagnostics

Headquartered in Palm Beach Gardens, Florida, Aurora Diagnostics
Holdings, LLC, through its subsidiaries, provides physician-based
general anatomic and clinical pathology, dermatopathology,
molecular diagnostic services and other esoteric testing services
to physicians, hospitals, clinical laboratories and surgery
centers.  The company recognized approximately $260 million in
revenue for the 12 months ended June 30, 2013.  The company is
majority owned by equity sponsors KRG Capital Partners and Summit
Partners.

Aurora Diagnostics reported a net loss of $83.4 million on $264
million of net revenue for the year ended Dec. 31, 2015, compared
to a net loss of $55.5 million on $243 million of net revenue for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, Aurora
Diagnostics had $263 million in total assets, $453 million in total
liabilities and a $191 million total members' deficit.

                             *   *   *

As reported by the Troubled Company Reporter on Sept. 27, 2013,
Moody's Investors Service downgraded Aurora's Corporate Family
Rating to Caa2 from B3 and Probability of Default Rating to Caa2-
PD from B3-PD.  Moody's also lowered the debt ratings of Aurora
Diagnostics Holdings, LLC's and Aurora Diagnostics, LLC
(collectively Aurora).  Concurrently, Moody's downgraded Aurora's
Speculative Grade Liquidity Rating to SGL-4 from SGL-3.  The
outlook for the ratings remains negative.

The downgrade of the ratings reflects Moody's expectation that the
company will see continued difficulty in mitigating a significant
decline in revenue and EBITDA.  This stems from a reduction in
Medicare reimbursement due to a decrease in rates and
sequestration, continued challenging volume growth trends and
threats of additional reimbursement reductions.  This will
negatively impact the company's credit metrics, constrain Aurora's
ability to repay debt and pressure the company's liquidity
position.  Moody's also has concerns about the sustainability of
the company's capital structure given its significant debt load
and related interest burden.


BH SUTTON: U.S. Trustee Forms 3-Member Committee
------------------------------------------------
The U.S. Trustee for Region 2 appointed three creditors of BH
Sutton Mezz LLC to serve on the official committee of unsecured
creditors.

The committee members are:

     (1) Pembrooke & Ives Luxurious Interiors LLC
         330 West 38th Street, Suite 1001
         New York, NY 10018
         Attention: Andrew Sheinman, Owner
         Telephone: (212) 995-0555
         Fax: (212) 995-2678
         Email: as@pembrookeandives.com

     (2) Desimone Consulting Engineering Group LLC
         18 West 18th Street, 10th Floor
         New York, NY 10011
         Attention: Stephen Desimone, President
         Telephone: (212) 532-2211
         Fax: (212) 481-6108
         Email: stephen.desimone@de-simone.com

     (3) S.M. Berger Architecture P.C.
         150 Great Neck Road, Suite 101
         Great Neck, NY 11021
         Attention: Sanford M. Berger, President
         Telephone: (516) 773-7365
         Fax: (347) 436-9517
         Email: smb@smbarchitect.com

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                         About BH Sutton

New York City-based BH Sutton Mezz LLC filed for Chapter 11
protection (Bankr. S.D. NY Case No. 16-10455) on Feb. 26, 2016. The
petition was signed by Herman Carlinsky, president.  The Hon. Sean
H. Lane presides over the case.  Joseph S. Maniscalco, Esq., at
Lamonica Herbst & Maniscalco, LLP represents the Debtor in its
restructuring effort.  The Debtor estimated assets at $100 million
to $500 million and debts at $10 million to $50 million.


BLACK ELK: Has $7.5M Financing Amid Opposition to Montco DIP Loan
-----------------------------------------------------------------
Black Elk Energy Offshore Operations, LLC, et al., are asking the
U.S. Bankruptcy Court for the Southern District of Texas to access
a new DIP loan of up to $7.5 million, as an alternative to the DIP
financing provided by Montco Oilfield Contractors, LLC, which has
faced opposition from parties-in-interest.

On Feb. 7, 2016, the Debtors filed a motion seeking authority to,
among other things, enter into a DIP financing agreement with an
affiliate of Montco Oilfield Contractors that would allow the
Debtors to borrow up to $7,750,000.  On Feb. 7, the Debtors also
filed a new global P&A (plugging and abandonment) plan, which
proposes to retain Montco to perform decommissioning work on a
turnkey basis on some, but not all, of the Debtor's operated
properties.  The Debtors say the DIP financing would allow them to
implement the P&A Plan and confirm a liquidating plan.  

The Montco DIP Motion was approved on an interim basis on Feb. 10,
2016.  But many parties raised objections to the Montco DIP Motion
that would need to be decided at the final hearing.

The Debtor has spent the intervening weeks working with key
parties-in-interest to reach an amicable solution.  Those parties
include:

     -- the ad hoc group of the Debtor's noteholders;
     -- the Official Committee of Unsecured Creditors;
     -- Platinum Partners;
     -- Argonaut Insurance Company;
     -- Montco Oilfield Contractors;
     -- the Indenture Trustee under the Indenture, dated as of Nov.
23, 2010, and issued by the Debtor and Black Elk Energy Finance
Corp.; and
     -- various of the Debtor's predecessors-in-interest, including
Merit Energy Company, JX Nippon Oil Exploration (U.S.A.), Limited,
and Maritech Resources, LLC.

Those negotiations, while not yet complete, have resulted in an
alternative DIP proposal to be funded by certain subscribing
noteholders under the Indenture, whose participation will be
backstopped by the Ad Hoc Noteholders, and by Argo.

Although the New DIP Loan is based upon the terms of the Montco DIP
Loan, the proposals do differ.  For instance, the New DIP Loan
provides for a roll-up against certain specified collateral.  The
New DIP Loan will enable the Debtor to complete the P&A Plan and
will set the table for a potential return to unsecured creditors.
Although the terms do change in some respects, the key to the New
DIP Loan is that the Debtor anticipates that there will be
consensus among the material parties; thus, there is a clearer path
to approval under this proposal.

In a motion filed March 4, 2016, the Debtors seek approval to:

   i. obtain postpetition operations financing (the "Operating
DIP") up to the aggregate principal amount of $7 million, secured
by liens on property of the Debtor's estate pursuant to sections
364(c)(1) and 364(d)(1) of the Bankruptcy Code;

  ii. obtain up to $500,000 in postpetition litigation financing to
allow the Creditors' Committee to investigate certain claims (the
"Litigation DIP"); and

iii. use the proceeds of the New DIP Loan pursuant to the Budget,
including to repay the interim Montco DIP Loan.

Elizabeth A. Green, Esq., at Baker & Hostetler, LLP, avers that the
New DIP Loan resolves potentially expensive disputes between the
Creditors' Committee and the Ad Hoc Noteholders regarding the
extent of the Indenture Trustee's liens, removes substantial
adequate protection barriers to approval of the Montco DIP Loan,
funds an investigation that may lead to the recovery of funds for
unsecured creditors, and will enable the Debtor to fund both its
Chapter 11 Plan and P&A processes.

Failure to obtain the New DIP Loan would gravely harm the Debtor
and its creditors.  Without access to stable DIP credit, the Debtor
will almost certainly be forced to convert its case to Chapter 7 to
the detriment of all parties in interest and to the detriment of
its environmental liabilities.  And the New DIP Loan gives the
Debtor that access to DIP credit without the execution risks
associated with the Montco DIP Loan.

                     Global Resolution Aimed

The Debtor is not withdrawing the Montco DIP Motion and has
retained the right to move forward with the Montco DIP Motion on a
final basis should necessary consensus not be reached.  To be
clear, the parties have not yet officially signed off on any global
resolution as all parties reserve all rights with respect to such
potential resolution and the New DIP Financing Motion.  In
particular, the DIP Lenders reserve the right not to move forward
with this New DIP Loan if they are not confident in their
availability of the Northstar Collateral to repay them.  That being
said, the Debtor is confident that the parties are close enough on
a global resolution that the filing of this Motion is a prudent
exercise of its business judgment.

The Committee has filed a limited objection to the New DIP Loan,
noting that although the Debtors are working to achieve consensus,
consensus has not been reached.  Among other objections, the New
DIP Motion purports to require the Committee to relinquish and
waive such rights as were granted by this Court in the Interim
Order Authorizing Use of Cash Collateral.  To be clear, at this
time, the Committee has not yet agreed to waive any such rights or
to relinquish any challenge to the extent, validity and priority of
liens asserted by the Senior Secured Noteholders and the Indenture
Trustee.

                        Montco DIP Facility

In February, the Debtors filed a motion seeking approval to obtain
$7,750,000 of DIP financing from an affiliate of Montco Oilfield
Contractors, LLC, known as OW DIP, LLC, that would allow the
Debtors to borrow up to $7,750,000, with $1 million of that
borrowing being available on an interim basis.

In exchange for the DIP Loan, the Montco Affiliate would receive:
(i) a superpriority administrative expense claim against the Debtor
for the amount of the DIP Loan, plus origination fees amounting to
$450,000 and costs and expenses up to $500,000; (ii) a first
priority lien on, and security interest in, all unencumbered pre
and post-petition property of the Debtor; (iii) a junior lien, and
security interest in, all pre- and post-petition property of the
Debtor; and (iv) first priority, senior priming liens on, and
security interest in, an estimated $13.2 million in bond collateral
expected to be returned to the estate upon completion of certain
P&A contemplated by the Debtor's P&A Plan, P&A bond escrows, up to
an additional $14 million that may become available upon resolution
of the Debtor's sale of assets to Northstar, the Debtor's residual
interest in any P&A escrows, any litigation rights, certain causes
of action under Chapter 5 of the Bankruptcy Code and any proceeds
or recovery recovered in respect of the Chapter 5 Causes of
Action.

The Term Sheet and DIP financing agreement also contemplate certain
milestones requiring the Debtor to file a disclosure statement and
plan of reorganization no later than March 8, 2016 and requiring
any chapter 11 plan to go effective as of May 1, 2016, but no later
than May 31, 2016.

Various parties filed objections to the Montco DIP Financing.  The
United States, on behalf of the United States Department of the
Interior, said it objects to the Motion, Term Sheet and P&A Planto
the extent that they propose to decommission only a portion of the
Debtor's operated properties while failing to provide any
justification as to why other operated properties, or the Debtor's
non-operated properties, are being excluded.  The Ad Hoc Committee
of Secured Noteholders in its objection noted that the Montco DIP
Motion fails to provide holders of Secured Notes with any adequate
protection, and that it has proposed post-petition financing to the
Debtor on economic terms that are the same or better than the terms
proposed by the Debtor and Montco.

A copy of the interim order approving the Montco DIP financing is
available for free at:

  http://bankrupt.com/misc/Black_Elk_651_Montco_Int_DIP_Ord.pdf

                           *     *     *

Counsel for Debtor:

         BAKER & HOSTETLER, LLP
         Elizabeth A. Green
         Pamela Gale Johnson
         811 Main Street, Suite 1100
         Houston, Texas 77002-6111
         Telephone: (713) 646-1324
         Facsimile: (713) 751-1717
         E-mail: pjohnson@bakerlaw.com

         BAKER & HOSTETLER, LLP
         Elizabeth A. Green, Esq.
         Jimmy D. Parrish, Esq.
         SunTrust Center, Suite 2300
         200 South Orange Avenue
         Orlando, FL 32801-3432
         Telephone: (407) 649-4000
         Facsimile: (407) 841-0168
         E-mail: egreen@bakerlaw.com
                 jparrish@bakerlaw.com

                - and -

         BAKER & HOSTETLER, LLP
         Jorian L. Rose, Esq.
         45 Rockefeller Plaza
         New York, New York
         Telephone: (212) 589-4200
         Facsimile: (212) 589-4201
         E-mail: jrose@bakerlaw.com

Counsel to Creditors Committee:

         OKIN & ADAMS LLP
         Matthew S. Okin
         Brian D. Roman
         David L. Curry, Jr.
         1113 Vine St. Suite 201
         Houston, Texas 77002
         Tel: (713) 228-4100
         Fax: (888) 865-2118
         E-mail: mokin@okinadams.com
                 broman@okinadams.com
                 dcurry@okinadams.com

Attorneys for the United States:

         BENJAMIN C. MIZER
         Principal Deputy Assistant Attorney General
         KENNETH MAGIDSON
         United States Attorney
         RUTH A. HARVEY
         MARGARET M. NEWELL
         EUNICE RIM HUDSON
         Civil Division
         U.S. Department of Justice
         P.O. Box 875
         Ben Franklin Station
         Washington, D.C. 20044-0875
         Tel: (202) 307-0249

Attorneys for the Ad Hoc Committee:

         AKIN GUMP STRAUSS HAUER & FELD LLP
         Sarah Link Schultz
         Sarah J. Crow
         1700 Pacific Avenue, Suite 4100
         Dallas, TX 75201
         Telephone: 214.969.2800
         E-mail: sschultz@akingump.com
                 sjcrow@akingump.com

                - and -

         SULLIVAN & WORCESTER LLP
         Jeffrey R. Gleit
         1633 Broadway
         New York, NY 10019
         Telephone: 212.660.3043
         E-mail: jgleit@sandw.com

                     About Black Elk Energy

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

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

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

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

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

                           *     *     *

On March 10, 2016, Judge Isgur entered an order providing that the
exclusivity deadline contained in 11 U.S.C. Sec. 1121(b) is
extended to March 24, 2016.  The deadline contained in 1121(c)(3)
shall be calculated based on the date on which a plan is timely
filed.  A hearing on whether to grant a further extension was
slated for March 24.

On March 7, 2016, the Ad Hoc Committee of Secured Noteholders
comprising certain institutions holding, owning, and/or
beneficially holding or owning various claims against Black Elk
Energy Offshore Operations, LLC, Delaware Trust Company as
Indenture Trustee and the Official Committee of Unsecured Creditors
stipulated that the deadline for the UCC to commence an adversary
proceeding pursuant to paragraph 6 of the Interim Order Authorizing
Use of Cash Collateral is extended to March 21, 2016.


BLACK ELK: Montco Services Agreement Approved
---------------------------------------------
Judge Marvin Isgur in early March entered an order authorizing
Black Elk Energy Offshore Operations, LLC, to enter into an Amended
and Restated Turnkey Service Agreement with Montco Oilfield
Contractors, LLC.

Black Elk said that entry into the Montco Services Agreement is
necessary for the Debtor to satisfy the plugging and abandonment
obligations and liabilities of the Debtor and/or its subsidiaries
in connection with the plugging and abandonment of wells and
decommissioning oil and gas platforms, pipelines, other facilities
and site clearances and cooperate fully with local, state and
federal laws that require it to decommission certain oil and gas
installations.

A copy of the Order is available for free at:

  http://bankrupt.com/misc/Black_Elk_682_Montco_Deal_OK.pdf

A copy of the Amended and Restated Turnkey Service Agreement dated
Feb. 8, 2016, is available at:

  http://bankrupt.com/misc/Black_Elk_663_Turnkey_Pact.pdf

                     About Black Elk Energy

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

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

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

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

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


BLUE EARTH: Asks Court to Set May 23 as Claims Bar Date
-------------------------------------------------------
Blue Earth, Inc. and Blue Earth Tech, Inc. have filed a motion with
the Bankruptcy Court for the establishment of May 23, 2016 (63 days
after the Petition Date), as the deadline by which parties that
wish to assert claims pursuant to Section 501 of the Bankruptcy
Code must file proofs of claim or forever be barred from asserting
those claims against them.

The requested deadline is approximately two months earlier than
what the Clerk of the Court normally sets.  The Debtors maintained
the requested schedule is necessary as they are required under the
terms of their proposed debtor-in-possession financing to obtain
approval of their disclosure statement no later than 75 days after
the Petition Date and approval of a plan no later than 120 after
the Petition Date.  According to the Debtors, defining the scope of
claims against them as early as practicable is necessary to
facilitate formulation of a plan.

"It is imperative for the Debtors to ascertain the universe of
claims against the Debtors' estates before they solicit acceptances
for their proposed plan," said John Lucas, Esq., at Pachulski Stang
Ziehl & Jones LLP, attorney to the Debtors.

The Bar Date will apply to each and every claim assertable by
parties, whether of a general unsecured, priority, or secured
status.

According to Mr. Lucas, given that the Debtors will file their
schedules of assets and liabilities and statements of financial
affairs no later than 28 days after the Petition Date, parties will
have access to customarily available information in determining
whether to file a proof of claim against the Debtors.

                        About Blue Earth

Blue Earth, Inc. and its subsidiaries are comprehensive providers
of alternative/renewable energy solutions for small and
medium-sized commercial and industrial facilities.  Blue Earth
builds, manages, owns and operates independent power generation and
management systems geared towards helping commercial and industrial
building owners save energy and money, and reduce their carbon
footprint.

Blue Earth, Inc. and Blue Earth Tech, Inc. filed Chapter 11
bankruptcy petitions (Bankr. N.D. Calif. Case Nos. 16-30296 and
16-30297) on March 21, 2016.  The petitions were signed by Robert
G. Powell as CEO.  The Debtors' other subsidiaries are not included
in the filing.

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

Pachulski, Stang, Ziehl & Jones LLP serves as the Debtors' counsel.
Eos Capital Advisors LLC and Ice Glen Associates, LLC act as
valuators of the Debtors' assets.  Kurtzman Carson Consultants LLC
represents the Debtors as claims and noticing agent.

Judge Dennis Montali has been assigned the cases.


BLUE EARTH: Employs KCC as Noticing and Claims Agent
----------------------------------------------------
Blue Earth, Inc., and Blue Earth Tech, Inc. seek permission from
the Bankruptcy Court to appoint Kurtzman Carson Consultants LLC  as
their claims and noticing agent to, among other things:

    (a) serve as the Clerk of the Bankruptcy Court's notice agent
        to mail certain notices to the estate's creditors and
        parties-in-interest;

    (b) provide computerized claims and claims objections
        services; and

    (c) provide expertise, consultation, and assistance with claim
        processing and with other administrative information
        related to the Debtors' bankruptcy cases.

The Debtors said the size of their creditor body makes it
impractical for the Clerk to send notices and to maintain a claims
register.  With the large number of potential creditors that the
Debtors have identified, they believe it is in the best interests
of their estates and their creditors to hire KCC.

The Debtors also may use KCC to provide them with training and
consulting support necessary to enable them to effectively manage
and reconcile claims, and to provide the requisite notices of the
deadline for filing Proofs of Claim.

KCC will be compensated based on the services it provides at the
rates set forth in the Agreement.

The Debtors have agreed to indemnify KCC.

KCC represents it is a "disinterested person" within the meaning of
Section 101(14) of the Bankruptcy Code.

                         About Blue Earth

Blue Earth, Inc. and its subsidiaries are comprehensive providers
of alternative/renewable energy solutions for small and
medium-sized commercial and industrial facilities.  Blue Earth
builds, manages, owns and operates independent power generation and
management systems geared towards helping commercial and industrial
building owners save energy and money, and reduce their carbon
footprint.

Blue Earth, Inc. and Blue Earth Tech, Inc. filed Chapter 11
bankruptcy petitions (Bankr. N.D. Calif. Case Nos. 16-30296 and
16-30297) on March 21, 2016.  The petitions were signed by Robert
G. Powell as CEO.  The Debtors' other subsidiaries are not included
in the filing.

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

Pachulski, Stang, Ziehl & Jones LLP serves as the Debtors' counsel.
Eos Capital Advisors LLC and Ice Glen Associates, LLC act as
valuators of the Debtors' assets.  Kurtzman Carson Consultants LLC
represents the Debtors as claims and noticing agent.

Judge Dennis Montali has been assigned the cases.


BLUE EARTH: Jackson Investment Agrees to Provide $3M DIP Loan
-------------------------------------------------------------
Blue Earth, Inc. and Blue Earth Tech, Inc. seek the Bankruptcy
Court's permission to obtain a senior secured postpetition
financing of up to $3 million, pursuant to a debtor-in-possession
term sheet, dated as of March 21, 2016, from Jackson Investment
Group, LLC, in its capacity as the DIP lender, to pay employees and
vendors obligations.  

The Debtors further seek approval of the consensual use of cash
collateral of Jackson Investment, which is also the Debtors'
prepetition lender.

"Without the proposed postpetition financing and use of cash
collateral, the Debtors will not have any liquidity to operate
their business, and therefore will be unable to fund ordinary
course expenditures or pay the expenses necessary to administer
their chapter 11 cases," Debra Grassgreen, Esq., at Pachulski Stang
Ziehl & Jones LLP, counsel to the Debtors, said.

The multi-advance term loan bears an interest rate of 9% per annum,
plus 2% upon default, payable monthly in arrears.

The Debtors have proposed to grant automatically perfected security
interests, liens and superpriority claims in favor of the DIP
Lender to secure their repayment of all obligations under the DIP
Credit Facility.

The DIP Agreement provides the following plan and sale process
milestones:

    (1) a plan of reorganization in form and substance acceptable
        to the DIP Lender for the Debtors shall have been filed
        with the Bankruptcy Court no later than 30 days after the
        Petition Date;

    (2) a disclosure statement in form and substance acceptable to

        the DIP Lender in respect of the Plan of Reorganization
        shall have been approved by an order of the Court in form
        and substance acceptable to the DIP Lender no later than
        75 days after the Petition Date;

    (3) the Plan of Reorganization shall have been confirmed
        by an order of the Court in form and substance acceptable
        to the DIP Lender no later than 120 days after the
        Petition Date; and

    (4) the effective date of the Plan of Reorganization shall
        have occurred no later than 125 days after the Petition
        Date.

The Debtors disclosed they were indebted to the Prepetition Lender
for the aggregate principal balance of the Prepetition Secured
Notes Obligations in an amount not less than approximately
$21,747,056, as of the Petition Date.

                        About Blue Earth

Blue Earth, Inc. and its subsidiaries are comprehensive providers
of alternative/renewable energy solutions for small and
medium-sized commercial and industrial facilities.  Blue Earth
builds, manages, owns and operates independent power generation and
management systems geared towards helping commercial and industrial
building owners save energy and money, and reduce their carbon
footprint.

Blue Earth, Inc. and Blue Earth Tech, Inc. filed Chapter 11
bankruptcy petitions (Bankr. N.D. Calif. Case Nos. 16-30296 and
16-30297) on March 21, 2016.  The petitions were signed by Robert
G. Powell as CEO.  The Debtors' other subsidiaries are not included
in the filing.

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

Pachulski, Stang, Ziehl & Jones LLP serves as the Debtors' counsel.
Eos Capital Advisors LLC and Ice Glen Associates, LLC act as
valuators of the Debtors' assets.  Kurtzman Carson Consultants LLC
represents the Debtors as claims and noticing agent.

Judge Dennis Montali has been assigned the cases.


BLUE EARTH: Wants 14-Day Extension to File Schedules
----------------------------------------------------
Blue Earth, Inc. and Blue Earth Tech, Inc. have asked the
Bankruptcy Court to grant them a 14-day extension to file their
schedules of assets and liabilities, statements of financial
affairs and other documents, to April 18, 2016.  They further seek
waiver of the requirement to file a list of equity security holders
within 14 days of the Petition Date.

The Debtors said that while they are working diligently to assemble
the information needed to complete their Schedules, the
considerable amount of information necessary to provide a complete
perspective of their financial situation requires significant
effort and more time than is provided by Bankruptcy Rule 1007(c).
The Office of the United States Trustee of the requested extension,
the Debtors noted.

Moreover, the Debtors maintained, 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.  According to the Debtors, 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 Blue Earth

Blue Earth, Inc. and its subsidiaries are comprehensive providers
of alternative/renewable energy solutions for small and
medium-sized commercial and industrial facilities.  Blue Earth
builds, manages, owns and operates independent power generation and
management systems geared towards helping commercial and industrial
building owners save energy and money, and reduce their carbon
footprint.

Blue Earth, Inc. and Blue Earth Tech, Inc. filed Chapter 11
bankruptcy petitions (Bankr. N.D. Calif. Case Nos. 16-30296 and
16-30297) on March 21, 2016.  The petitions were signed by Robert
G. Powell as CEO.  The Debtors' other subsidiaries are not included
in the filing.

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

Pachulski, Stang, Ziehl & Jones LLP serves as the Debtors' counsel.
Eos Capital Advisors LLC and Ice Glen Associates, LLC act as
valuators of the Debtors' assets.  Kurtzman Carson Consultants LLC
represents the Debtors as claims and noticing agent.

Judge Dennis Montali has been assigned the cases.


BONANZA CREEK: Announced Reduced Workforce & Management Changes
---------------------------------------------------------------
Bonanza Creek Energy, Inc., disclosed in a press release it has
performed a corporate reorganization, which resulted in a total
workforce reduction of 26 employees and 17 contractors.  The
reorganization aligns its employee base and general and
administrative cost structure with the current commodity price
environment and resulting anticipated activity level.

Moreover, each of William J. Cassidy, executive vice president and
chief financial officer, and Christopher I. Humber, executive vice
president, general counsel and secretary, will separate from their
positions with the Company.  Mr. Cassidy joined the Company in 2013
and served as its executive vice president and chief financial
officer.  Mr. Humber joined the Company in 2012 as its executive
vice president, general counsel and secretary immediately following
its initial public offering.

As a result of the reorganization and executive departures, the
Company will incur a one-time charge of approximately $2.1 million
related to severance payments, and expects its annual general and
administrative expense and lease operating expense to be reduced by
approximately $7.6 million and $3.1 million, respectively.

James A Watt, chairman of the Company's Board of Directors
commented, "On behalf of the Company, I would like to express our
gratitude for the dedication of our current employees as well as
those who will not be a part of the Bonanza Creek team as a result
of this reorganization.  We also wish to express our appreciation
for the leadership provided by Bill and Chris during their times as
Chief Financial Officer and General Counsel of the Company,
respectively. Over their tenures with Bonanza Creek each have been
key members of the executive management team.  On behalf of the
Board of Directors and all of our colleagues within the Bonanza
Creek family, we thank all of our departing team members for their
contributions to the Company and wish each of them the very best in
their future endeavors."

Mr. Cassidy will receive a separation pay of $831,000 while Mr.  
Humber will receive $761,966, as disclosed in a regulatory filing
with the Securities and Exchange Commission.

In connection with the termination of Mr. Cassidy's employment, the
Board appointed Wade E. Jaques to serve as the Company's acting
principal financial officer, effective as of March 31, 2016.  Mr.
Jaques, age 43, joined the Company on Dec. 8, 2010, as its
controller, was promoted to chief accounting officer in September
2011 and was elected a vice president in November 2012.

                         About Bonanza Creek

Bonanza Creek is an independent energy company engaged in the
acquisition, exploration, development and production of onshore oil
and associated liquids-rich natural gas in the United States.
Bonanza Creek Energy, Inc. was incorporated in Delaware on Dec. 2,
2010, and went public in December 2011.

Bonanza Creek reported a net loss of $745.54 million on $292.67
million of oil and gas sales for the year ended Dec. 31, 2015,
compared to net income of $20.28 million on $558.63 million of oil
and gas sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Bonanza Creek had $1.27 billion in total
assets, $1.06 billion in total liabilities and $209.40 million in
total stockholders' equity.

                           *   *    *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on U.S.-based oil and
gas exploration and production company Bonanza Creek Energy Inc. to
'CCC' from 'B-'.  The outlook is negative.

Bonanza Creek carries a B2 corporate family rating from Moody's
Investors Service.


CARDIAC SCIENCE: Donald Welker No Longer Member of Committee
------------------------------------------------------------
The Office of the U.S. Trustee on March 23 announced that Donald
Welker is no longer a member of the official committee of unsecured
creditors of CS Estate Inc., formerly known as Cardiac Science
Corporation.

The committee is now composed of:

     (1) Cascadia Intellectual Property
         Patrick J. S. Inouye
         12360 Lake City Way NE, Ste. 501
         Seattle, WA 98125
         206.381.3900
         206.381.3999, fax
         info@cascadiaip.com
         patrick@cascadiaip.com

     (2) Modern Metal Products
         David C. Pfieffer
         1200 12th Ave. NW
         P.O. Box 247
         Owatonna, MN 55060
         (507)451-7115
         (507)451-0882, fax
         davep@mmpmodernmetal.com

     (3) Shell Case Limited
         Yuval Spector
         4B, 12 Shipyard Lane
         Quarry Bay, Hong Kong
         972-54-4452200
         972-72-2740072, fax
         yuval@shell-case.com

     (4) Wild Connect
         Andrea Ott
         Merveldstrasse 6
         Heitersheim 79423
         Germany
         49-7634-5265-12
         49-7664-4056-018
         49-7634-5265-66, fax
         a.ott@wild-connect.de

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                        About Cardiac Science

Headquartered in Waukesha, Wisconsin, Cardiac Science Corporation
develops, manufactures and sells a variety of advanced diagnostic
and therapeutic cardiology devices and systems, including automated
external efibrillators, hospital defibrillators and related
products and consumables.

Cardiac Science filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wis. Case No. 15-13766) on Oct. 20, 2015.  The petition was signed
by Michael Kang as chief restructuring officer.

Judge Robert D. Martin presides over the case.

The Debtor disclosed total assets of $45,335,596 plus an
undetermined amount and $104,715,678 plus an undetermined amount as
of the Chapter 11 filing.  Celestica Electronics (M) SDN BHD is the
Debtor's largest unsecured creditor holding a claim of $2.5
million.  CFS 915 LLC is the largest creditor of the Debtor, and
its $87 million prepetition loan is secured by substantially all of
the Debtor's assets.  CFS has agreed to provide $10 million in
postpetition financing for the Debtor.

The Debtor has engaged Whyte Hirschboeck Dudek S.C. as bankruptcy
counsel, Livingstone Partners LLC as investment banker and Garden
City Group, LLC as notice and claims agent.

In October 2015, the Office of the U.S. Trustee appointed seven
creditors to the official committee of unsecured creditors.  The
committee is represented by Freeborn & Peters LLP.

                             *     *      *

The Debtor on Jan. 8, 2016 won approval from the Bankruptcy Court
to sell substantially all of its assets to CFS 915 LLC.  The sale
closed on Jan. 25.  As required by the parties Asset Purchase
Agreement, the Debtor changed its name from "Cardiac Science
Corporation" to "CS Estate, Inc."  The Debtor filed a corresponding
motion to amend the case caption to reflect the name change.


CHINA GINSENG: Xiaohua Cai Resigns as Chief Marketing Officer
-------------------------------------------------------------
Mr. Xiaohua Cai tendered on March 21, 2016, his resignation to
China Ginseng Holdings, Inc., as the chief marketing officer of the
Company.  As disclosed in a regulatory filing with the Securities
and Exchange Commission, Mr. Cai's resignation did not result from
any disagreement regarding any matter related to the Company's
operations, policies or practices.

On the same day, the Company's Board of Directors accepted Mr.
Cai's resignation and simultaneously appointed Ms. Xiaolin Li as
its CMO and Ms. Baolan Wu as its chief operations officer.

Ms. Li has extensive experience in marketing industry.  Ms. Li had
been the marketing director of Renlongxiang pharmaceutical Heilong
Jiang Province from 2003 to 2015.  Ms. Li graduated from Jiamusi
University in 1994 with a bachelor degree and major in Chinese
Language.  Ms. Wu has extensive experience in pharmaceutical
industry and accounting experience.  Ms. Wu had been the CFO of
Heilongjiang Wanchong Pharmaceutical Co., Ltd from October 1993 to
May 2013 and she had been general manager of Xingcheng Heilongjiang
from May 2013 to March 2016.  Ms. Wu graduated from Heilongjiang
Commercial Institute in 1988 with a bachelor degree and major in
accounting.

The Company said it is currently negotiating the terms of Ms. Li
and Ms. Wu's employment agreements, and will file a copy of the
agreement when it becomes available.   

Meanwhile, on March 19, 2016, the company hosted a conference at
which they did a presentation to potential distributors of Ginseng
juice product and those investors of their new eye-protection
project.  A copy of CSNG Distributor Conference Presentation is
available for free at http://is.gd/9h4Lnr

                       About China Ginseng

Changchun City, China-based China Ginseng Holdings, Inc., conducts
business through its four wholly-owned subsidiaries located in
China.  The Company has been granted 20-year land use rights to
3,705 acres of lands by the Chinese government for ginseng
planting and it controls, through lease, approximately 750 acres
of grape vineyards.  However, recent harvests of grapes showed
poor quality for wine production which indicates that the
vineyards are no longer suitable for planting grapes for wine
production.  Therefore, the Company has decided not to renew its
lease for the vineyards with the Chinese government upon
expiration in 2013 and, going forward, it intends to purchase
grapes from the open market in order to produce grape juice and
wine.

China Ginseng reported a net loss of $3.90 million on $272,600 of
revenue for the year ended June 30, 2015, compared with a net loss
of $4.76 million on $2.61 million of revenue for the year ended
June 30, 2014.

As of Dec. 31, 2015, China Ginseng had $8.49 million in total
assets, $19.93 million and a total stockholders' deficit of $11.97
million.

Cowan, Gunteski & Co., P.A., in Tinton Falls, NJ, issued a "going
concern" qualification on the consolidated financial statements for
the year ended June 30, 2015, citing that the Company had net
losses of $3.90 million and $4.76 million for the years ended
June 30, 2015 and 2014, respectively, an accumulated deficit of
$18.1 million at June 30, 2015 and a working capital deficit of
$16.5 million at June 30, 2015, and there are existing uncertain
conditions the Company faces relative to its ability to obtain
working capital and operate successfully.  These conditions raise
substantial doubt about its ability to continue as a going concern.


COLONIAL PENNIMAN: Case Summary & Unsecured Creditor
----------------------------------------------------
Debtor: Colonial Penniman, LLC
        213 Ingram Road
        Williamsburg, VA 23188

Case No.: 16-50394

Chapter 11 Petition Date: March 24, 2016

Court: United States Bankruptcy Court
       Eastern District of Virginia (Newport News)

Judge: Hon. Frank J. Santoro

Debtor's Counsel: Greer W. McCreedy, II, Esq.
                  THE MCCREEDY LAW GROUP, PLLC
                  413 West York St
                  Norfolk, VA 23510
                  Tel: (757)233-0045
                  Fax: 757-233-7661
                  E-mail: McCreedy@McCreedylaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by C. Lewis Waltrip, II, Trustee, manager.

The Debtor listed James City County
Treasurer as its largest unsecured creditor holding a claim of
$1.

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

          http://bankrupt.com/misc/vaeb16-50394.pdf


COMBIMATRIX CORP: Closes Offering of 8,000 Units
------------------------------------------------
CombiMatrix Corporation disclosed in a regulatory filing with the
Securities and Exchange Commission it completed a registered
underwritten public offering of an aggregate of 8,000 units, with
each unit consisting of one share of Series F Convertible Preferred
Stock and 258.397875 Warrants each to purchase one share of Common
Stock.  Immediately after completion of the Offering, the Company
issued an aggregate of 195,095 shares of Common Stock upon
conversions of Series F Convertible Preferred Stock by holders
thereof.  As a result of these issuances, the Company has 1,052,024
shares of Common Stock issued and outstanding.  In addition,
immediately after completion of the Offering, the Company
repurchased all of its outstanding Series E 6% Convertible
Preferred Stock pursuant to the terms of the previously reported
Series E 6% Preferred Stock Repurchase Agreement dated Feb. 4,
2016.

                       Certificate of Designation

On March 21, 2016, CombiMatrix filed with the Delaware Secretary of
State a Certificate of Designation of Preferences, Rights and
Limitations of Series F Convertible Preferred Stock, that created
its new Series F Convertible Preferred Stock, authorized 8,000
shares of Series F Convertible Preferred Stock and designated the
preferences, rights and limitations of the Series F Convertible
Preferred Stock.  The Series F Convertible Preferred Stock is
non-voting (except to the extent required by law and except for
certain consent rights described in the certificate of
designation), but ranks senior to the Common Stock with respect to
distributions upon a deemed dissolution, liquidation or winding-up
of the Company.

                         About Combimatrix

Combimatrix specializes in pre-implantation genetic screening,
miscarriage analysis, prenatal and pediatric healthcare, offering
DNA-based testing for the detection of genetic abnormalities beyond
what can be identified through traditional methodologies.  Its
clinical lab and corporate offices are located in Irvine,
California.

Combimatrix reported a net loss of $6.60 million in 2015 compared
to a net loss of $8.70 million in 2014.  As of Dec. 31, 2015, the
Company had $7.92 million in total assets, $2.06 million in total
liabilities and $5.85 million in total stockholders' equity.

Haskell & White LLP, in Irvine, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has limited
working capital and a history of incurring net losses and net
operating cash flow deficits.  These conditions raise substantial
doubt about the Company's ability to continue as a going concern.


CTI BIOPHARMA: Fails to Comply with NASDAQ's $1 Bid Price Rule
--------------------------------------------------------------
CTI BioPharma Corp. received, on March 22, 2016, a notice from the
staff of the listing qualifications department of The NASDAQ Stock
Market indicating that for 30 consecutive business days the closing
bid price of the Company's common stock was below the minimum $1.00
per share requirement for continued listing of the Company's common
stock on The NASDAQ Capital Market under NASDAQ Listing Rule
5550(a)(2).  This notification has no immediate effect on the
listing of or the ability to trade the Company's common stock on
The NASDAQ Capital Market.

NASDAQ Listing Rule 5810(c)(3)(A) provides the Company with a grace
period of 180 calendar days, or until Sept. 19, 2016, to regain
compliance with the minimum closing bid price requirement. The
Company will achieve compliance if the closing bid price of the
Company's common stock is $1.00 per share or more for a minimum of
10 consecutive business days before Sept. 19, 2016, in which case
the staff of the listing qualifications department of The NASDAQ
Stock Market will provide the Company with written confirmation of
compliance, and the matter will be closed.  In the event the
Company does not regain compliance with NASDAQ Listing Rule
5550(a)(2) within this compliance period, the Company may be
eligible for an additional 180 days to regain compliance if it
meets the continued listing requirement for market value of
publicly held shares and all other initial listing standards for
The NASDAQ Capital Market, with the exception of the bid price
requirement, and provides written notice of its intention to cure
the deficiency during the second compliance period.

                      About CTI BioPharma

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

CTI Biopharma reported a net loss attributable to common
shareholders of $122.62 million on $16.11 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $95.99 million on $60.07
million of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $144.33 million in total
assets, $96.91 million in total liabilities and $47.41 million in
total shareholders' equity.

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on its
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, and for the year ended
Dec. 31, 2014, regarding their substantial doubt as to the
Company's ability to continue as a going concern.  The Company said
that although its independent registered public accounting firm
removed this going concern explanatory paragraph in its report on
our Dec. 31, 2015, consolidated financial statements, the Company
expects to continue to need to raise additional financing to fund
its operations and satisfy obligations as they become due.
According to the Company, the inclusion of a going concern
explanatory paragraph in future years may negatively impact the
trading price of its common stock and make it more difficult, time
consuming or expensive to obtain necessary financing, and the
Company cannot guarantee that it will not receive such an
explanatory paragraph in the future.


CTI BIOPHARMA: OKs $552K in 2015 Bonuses for Executive Officers
---------------------------------------------------------------
The Employment Agreement by and between CTI BioPharma Corp. and
James A. Bianco, the Company's chief executive officer and
president, provides that the Company will generally pay any cash
incentive due to Dr. Bianco for a completed year not later than 90
days after the end of that year.  Accordingly, on March 17, 2016,
the Compensation Committee of the Company's Board of Directors
approved bonuses for 2015 for the Company's named executive
officers (as identified in the Company's definitive proxy statement
filed with the Securities and Exchange Commission on March 17,
2016).

On page 49 of the Proxy Statement, the Company noted that, at the
time the Proxy Statement was filed with the Securities and Exchange
Commission, the Compensation Committee had not determined cash
incentives under the Company's 2015 cash incentive program or any
discretionary bonuses for 2015 for the named executive officers and
that, when these amounts (if any) were determined, the Company
would file a report with the SEC on Form 8-K to provide the
incentive amounts and a new total compensation figure for each of
the named executive officers.  

The Compensation Committee determined to award bonuses for the
named executive officers who participated in the 2015 cash
incentive program in the following amounts (expressed as a
percentage of the executive's base salary): Dr. Bianco, 41.5%; Mr.
Bianco, 25%; Dr. Singer, 30%; and Dr. Plunkett, 25%.   Mr. Seeley
did not receive a cash incentive for 2015 since he first became an
executive during 2015 and was not a participant in the Company’s
2015 cash incentive program.

                      Bonuses for 2015
     
   Name                                       2015 Bonus
   ----                                       ----------
James A. Bianco, M.D.                          $269,750
Chief Executive Officer and President

Louis A. Bianco                                 $90,000
Executive Vice President,
Finance and Administration

Jack W. Singer, M.D.                           $111,000
Executive Vice President,
Chief Scientific Officer,
Interim Chief Medical Officer and
Global Head of Translational Medicine

Matthew Plunkett, Ph.D.                         $81,250
Executive Vice President,
Chief Business Officer

Bruce J. Seeley                                       -
Executive Vice President,
Chief Commercial Officer

A table summarizing compensation for fiscal years 2013, 2014 and
2015 for services rendered to the Company by the named executive
officers is available for free at http://is.gd/xUzZtI

                      About CTI BioPharma

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

CTI Biopharma reported a net loss attributable to common
shareholders of $122.62 million on $16.11 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss
attributable to common shareholders of $95.99 million on $60.07
million of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $144.33 million in total
assets, $96.91 million in total liabilities and $47.41 million in
total shareholders' equity.

The Company's independent registered public accounting firm
included an explanatory paragraph in its reports on its
consolidated financial statements for each of the years ended
Dec. 31, 2007, through Dec. 31, 2011, and for the year ended
Dec. 31, 2014, regarding their substantial doubt as to the
Company's ability to continue as a going concern.  The Company said
that although its independent registered public accounting firm
removed this going concern explanatory paragraph in its report on
our Dec. 31, 2015, consolidated financial statements, the Company
expects to continue to need to raise additional financing to fund
its operations and satisfy obligations as they become due.
According to the Company, the inclusion of a going concern
explanatory paragraph in future years may negatively impact the
trading price of its common stock and make it more difficult, time
consuming or expensive to obtain necessary financing, and the
Company cannot guarantee that it will not receive such an
explanatory paragraph in the future.


DIFFUSION PHARMACEUTICALS: Incurs $23.8 Million Net Loss in 2015
----------------------------------------------------------------
Diffusion Pharmaceuticals, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K reporting a net
loss of $23.8 million on $0 of revenues for the year ended
Dec. 31, 2015, compared to a net loss of $14.4 million on $0 of
revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Diffusion had $19.9 million in total assets,
$3.47 million in total liabilities and $16.43 million in total
stockholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from operations and its present financial resources 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/pEI8xB

                 About Diffusion Pharmaceuticals

Diffusion Pharmaceuticals, as surviving entity in its merger with
RestorGenex, is a clinical stage biotechnology company focused on
extending the life expectancy of cancer patients by improving the
effectiveness of current standard-of-care treatments including
radiation therapy and chemotherapy.  Diffusion is developing its
lead drug, trans sodium crocetinate (TSC), for use in the many
cancer types in which tumor hypoxia (oxygen deprivation) is known
to diminish the effectiveness of current treatments.  TSC targets
the cancer's hypoxic micro-environment, re-oxygenating
treatment-resistant tissue and making the cancer cells more
vulnerable to the therapeutic effects of treatments such as
radiation therapy and chemotherapy, without the apparent addition
of any serious side effects.  TSC has potential application in
other indications involving hypoxia, such as stroke and
neurodegenerative diseases.


ELBIT IMAGING: Closes First Tranche of Radisson Hotel Refinancing
-----------------------------------------------------------------
Elbit Imaging Ltd. disclosed further to its announcement dated
March 10, 2016, that its approximately 98% holding subsidiary,
Bucuresti Turism S.A. has reached the effective date for the
drawdown of the first tranche of the loan in the total amount of
Euro 85 million under the Amended and Restated Facility Agreement
between BUTU, as borrower, Raiffeisen Bank International A.G and
Raiffeisen Bank S.A., leading international European banks, as
lenders and the Company as guarantor.

The amount received by the Company, after the refinance of certain
outstanding loans under the original facility agreement, is
approximately Euro 24.4 million, out of which an amount of Euro 15
million will be used for the prepayment of the loan to Bank
Hapoalim B.M, as per the amendment to the loan agreement with Bank
Hapoalim B.M, as the Company announced on March 22, 2016.

                        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.


ELEPHANT TALK: Obtains $1.23 Million From Units Offering
--------------------------------------------------------
As disclosed in a regulatory filing with the Securities and
Exchange Commission, Elephant Talk Communications Corp. consummated
a series of closings of its private placement offering of Units to
"accredited investors" for aggregate gross proceeds of $1,231,000,
from Feb. 22, 2016, through March 21, 2016.

The Closings are part of a "best efforts" private placement
offering of up to $4,200,000.  The Company sold an aggregate of 41
units for $30,000 per Unit at the Closings.  Each Unit consists
of:

   (i) one 9% unsecured subordinated convertible promissory note
       in the principal amount of $30,000 which is convertible
       into shares of common stock of the Company, $.00001 par
       value, at the option of the holder at a conversion price of
       $.30 per share, subject to certain exceptions; and

  (ii) a five-year warrant to purchase 100,000 shares of Common
       Stock at an exercise price of $.30 per share, subject to
       certain exceptions.

The Company and the Placement Agent agreed to reduce the exercise
price of all of the Warrants issued in the Offering from $.45 per
share to $.30 per share.  Additionally, the Company will pay to
each investor that participated in the Offering an amount equal to
10% of such investors original investment in cash; provided,
however, the Cash Payment will be made if and only if the sale of
the Company's wholly owned subsidiaries, ValidSoft Ltd and
ValidSoft UK Limited is consummated prior to Dec. 31, 2016.

The Warrants entitle the holders to purchase shares of Common Stock
reserved for issuance thereunder for a period of five years from
the date of issuance and contain certain anti-dilution rights on
terms specified in the Warrants.  The Note Shares and Warrant
Shares will be subject to full ratchet anti-dilution protection for
the first 24 months following the issuance date and weighted
average anti-dilution protection for the 12 months period after the
first 24 months following the issuance date.  The Company is also
obligated to file a registration statement registering the Note
Shares and Warrant Shares within 45 days of the final closing of
the Offering.

In connection with the Offering, the Company retained a registered
FINRA broker dealer to act as the placement agent.  For acting as
the placement agent, the Company agreed to pay the Placement Agent,
subject to certain exceptions: (i) a cash fee equal to 7% of the
aggregate gross proceeds raised by the Placement Agent in the
Offering, (ii) a non-accountable expense allowance of up to 1% of
the aggregate gross proceeds raised by the Placement Agent in the
Offering, and (iii) at the final Closing one five-year warrant to
purchase such number of shares equal to 7% of the shares underlying
the Notes sold in this Offering at an exercise price of $.30 and
one five-year warrant to purchase such number of shares equal to 7%
of the shares underlying the Warrants sold in this Offering at an
exercise price of $.45.  At the Closings, the Company paid to the
Placement Agent an aggregate of approximately $63,229 for its
service as placement agent and for other fees and expenses.

                         About Elephant Talk

Lutz, Fla.-based Elephant Talk Communications, Inc. (OTC BB: ETAK)
-- http://www.elephanttalk.com/-- is an international provider of
business software and services to the telecommunications and
financial services industry.

Elephant Talk reported a net loss of $21.9 million in 2014, a net
loss of $25.5 million in 2013 and a net loss of $23.1 million in
2012.

As of Sept. 30, 2015, the Company had $30.7 million in total
assets, $14.3 million in total liabilities and $16.4 million in
total stockholders' equity.


ELEPHANT TALK: Open to Other Potential Buyers for ValidSoft
-----------------------------------------------------------
Elephant Talk Communications Corp. provided its shareholders with
an update on its divestiture of its wholly-owned subsidiary
ValidSoft Limited (together with its wholly-owned subsidiary
ValidSoft Limited UK).  

On March 22, 2016, Elephant Talk provided Cross River Initiatives
LLC (the "Buyer") with a notice of default on the Binding Letter
Agreement dated Feb. 17, 2016, between the Buyer and the Company
concerning the proposed purchase of ValidSoft and governing certain
important matters relating to the interim financing of ValidSoft's
business and operations.  The Company said that while it will not
totally foreclose consummating the ValidSoft sale transaction with
the Buyer as originally contemplated, the Company will no longer
give preference or exclusivity to the Buyer.  The Company is
working with an investment bank to evaluate strategic options
regarding the planned divestiture of ValidSoft.

As disclosed in a regulatory filing with the Securities and
Exchange Commission, the Buyer is in default under the Agreement
for failing to close the ValidSoft Sale by March 21, 2016, and to
meet the on-going payment of ValidSoft's working capital
expenditures as required by the Agreement.  As of March 21, 2016,
the Buyer was obligated to pay to the Company a sum of $481,250.
The Buyer has, as of March 23, only paid $200,000 (in two equal
tranches, which payments were also not timely in accordance with
the Agreement), leaving an overdue amount of $281,250 as at
March 21, 2016.



As provided by the terms of the Agreement, the $500,000 previously
loaned by the Buyer to the Company and the $200,000 working capital
contribution may be rolled into the Company's 9% Note and Warrant
private financing.  The 9% Note and Warrant will contain the same
terms as those in the notes and warrants issued in the Company's
private financing.

Hal Turner, Executive Chairman of the Board of ET, commented,
"While we continue to have ongoing discussions with the Buyer
concerning the proposed purchase of ValidSoft, in the best interest
of our shareholders, we cannot extend the Buyer preference or
exclusivity.  We are working with an investment bank to evaluate
strategic alternatives for the asset and remain optimistic that a
transaction will be consummated in line with the Company's stated
restructuring activities.  Despite the setback in the divestiture
of ValidSoft, the Company's restructuring plan is otherwise
progressing on track and further details will be forthcoming on our
earnings release and conference call later this month."

                       About Elephant Talk

Lutz, Fla.-based Elephant Talk Communications, Inc. (OTC BB: ETAK)
-- http://www.elephanttalk.com/-- is an international provider of
business software and services to the telecommunications and
financial services industry.

Elephant Talk reported a net loss of $21.9 million in 2014, a net
loss of $25.5 million in 2013 and a net loss of $23.1 million in
2012.

As of Sept. 30, 2015, the Company had $30.7 million in total
assets, $14.3 million in total liabilities and $16.4 million in
total stockholders' equity.


EMERALD OIL: Files Chapter 11 Petition to Facilitate Sec. 363 Sale
------------------------------------------------------------------
Emerald Oil, Inc. on March 23 disclosed that the Company and its
subsidiaries filed voluntary
Chapter 11 petitions in the United States Bankruptcy Court for the
District of Delaware (the "Bankruptcy Court"), initiating a process
intended to preserve value and accommodate an eventual
going-concern sale of Emerald's business operations.

Emerald has obtained $20 million in post-petition debtor in
possession financing, which, subject to Bankruptcy Court approval,
will provide the Company with liquidity to maintain its operations
in the ordinary course of business during the Chapter 11 process.

Prior to the Chapter 11 filing, Emerald executed a Non-Binding Term
Sheet with Latium Enterprises, Inc. ("Latium") pursuant to which
Latium has proposed to purchase substantially all of Emerald's
assets and, subject to lender and Bankruptcy Court approval, would
serve as a "stalking horse" in a sale process under section 363 of
the Bankruptcy Code.  The Term Sheet is non-binding and such
transaction is subject to, among other things, Latium's performance
of certain due diligence analysis and the parties negotiating
mutually acceptable terms of definitive transaction agreements.
Emerald intends for such a sale, if consummated, to ensure a smooth
and swift transition of the business and operations to Latium,
which would be supported by a stronger balance sheet due to a
significantly lower debt burden.  If acquired by Latium as part of
the anticipated transaction, the Emerald business would expect to
be able to remain committed to continued operations in North
Dakota.  In accordance with the sale process under section 363 of
the Bankruptcy Code, notice of the proposed sale to Latium would be
given to third parties and competing bids solicited.  An
independent committee of Emerald's board of directors will be
established to, in consultation with an independent investment bank
and a financial advisor, manage the bidding process and evaluate
bids.

The Company intends to continue its normal business operations
throughout the sale process and has asked the Bankruptcy Court to
approve certain Company requests to protect employees, trade
creditors, vendors and suppliers, thereby allowing for its
operations to continue uninterrupted during the Bankruptcy Court
supervised sale process.

McAndrew Rudisill, President and Chief Executive Officer of
Emerald, said, "The plan we are announcing today will provide for
continuity in Emerald's current and future business operations.
This process is the only path going forward and should enable the
business to execute a turnaround in the current low oil price
environment.  Importantly, Emerald's plan and the Latium
transaction would allow the business to continue to operate and
would provide a sound path for potential recovery for Company
stakeholders."

Like many other exploration and production companies, Emerald's
operations have been significantly impacted by the dramatic decline
in oil prices, the continued low prices of oil and natural gas, and
the general uncertainty in the energy markets.  These
macro-economic factors, coupled with Emerald's substantial debt
obligations, resulted in the Company's decision to explore
strategic restructuring alternatives to reduce its debt and achieve
a sustainable capital structure.  Over the last nine months the
Company explored and presented multiple solutions to its lenders to
solve the Company's current financial condition, however the
Company was unable to obtain the requisite lender consent.  Emerald
continues to evaluate and discuss alternatives with its
stakeholders and believes that an in-court sale process will
maximize value and position Emerald for future profitability.

Court filings and other information related to the restructuring
proceedings are available at a website administered by the
Company's claims agent, Donlin Recano, at
www.donlinrecano.com/emerald

Intrepid Partners, LLC is serving as investment banker for Emerald,
Kirkland & Ellis LLP is serving as legal counsel, and Opportune LLP
is serving as financial advisor with Wade Stubblefield of Opportune
serving as Chief Restructuring Officer.

                          About Emerald Oil

Emerald is a Denver-based independent exploration and production
company that is focused on acquiring acreage and developing wells
in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016.  Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.


EMERALD OIL: Proposes Procedures to Protect NOLs
------------------------------------------------
Emerald Oil, Inc., et al., are seeking approval from the Bankruptcy
Court of certain notification and hearing procedures related to
certain transfers of Debtor Emerald Oil's existing common stock and
existing series B voting preferred stock to ensure preservation of
their net operating losses.
  
A company generates NOLs if the operating expenses it has incurred
exceed the revenues it has earned during a single tax year.  A
company may apply, or "carry forward," NOLs to reduce future tax
payments in a tax year or years up to 20 years after the year in
which the NOLs were generated.

The Debtors estimate at as of Dec. 31, 2014, they have NOLs in the
approximate amount of $101 million, translating to potential future
tax savings of approximately $38 million.  The NOLs are of
significant value to the Debtors and their estates because such
NOLs may be utilized by the Debtors to offset any taxable income
generated by transactions consummated during these Chapter 11
cases.

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

To maximize the use of the NOLs and enhance recoveries for their
stakeholders, the Debtors seek limited relief that will enable them
to closely monitor certain transfers of Common Stock or Preferred
Stock so as to be in a position to act expeditiously to prevent
those transfers, if necessary, with the purpose of preserving the
NOLs.

                      Proposed Procedures

   (a) Any person or entity that has Beneficial Ownership of 4.5
       percent or more of the Common Stock or Preferred Stock must
       serve and file a declaration of status as a substantial
       holder.

   (b) Prior to effectuating any transfer of the Common Stock or
       Preferred Stock that would (a) increase or decrease a
       Substantial Holder's Beneficial Ownership, or (b) would
       result in another person or entity becoming or ceasing to
       be a Substantial Holder, the parties to such transaction
       must serve and file a Declaration of Proposed Transfer.

   (c) The Debtors have 30 calendar days after receipt of a
       Declaration of Proposed Transfer to object to the proposed
       transaction.

   (d) If the Debtors timely object, the proposed transaction will
       remain ineffective pending a final and non-appealable order
       of the Court, unless the Debtors withdraw such objection.

   (e) If the Debtors do not object, the proposed transaction may
       proceed solely as described in the Declaration of Proposed
       Transfer.

Any transfer of the Equity Securities in violation of the
Procedures is null and void ab initio.

                       About Emerald Oil

Emerald is a Denver-based independent exploration and production
company that is focused on acquiring acreage and developing wells
in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016.  Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.


EMERALD OIL: Requests May 6 Deadline to File Schedules
------------------------------------------------------
Emerald Oil, Inc., et al., asked the Bankruptcy Court to extend
their deadline to file their schedules of assets and liabilities,
schedules of current income and expenditures, schedules of
executory contracts and unexpired leases, and statements of
financial affairs through May 6, 2016.

The Debtors said collecting the necessary information requires an
enormous expenditure of time and effort when these resources would
be best used to stabilize their business operations.  The Debtors
maintained that although they are mobilizing their employees to
work diligently and expeditiously on preparing the Schedules and
Statements, resources are strained.

"Given the amount of work entailed in completing the Schedules and
Statements and the competing demands on the Debtors' employees and
professionals to assist in efforts to stabilize business operations
during the initial postpetition period, the Debtors likely will not
be able to properly and accurately complete the Schedules and
Statements within the required time period," according to Laura
Davis Jones, Esq., at Pachulski Stang Ziehl & Jones LLP, attorney
for the Debtors.

                         About Emerald Oil

Emerald is a Denver-based independent exploration and production
company that is focused on acquiring acreage and developing wells
in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016.  Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.


EMERALD OIL: Seeks Joint Administration of Cases
------------------------------------------------
Emerald Oil, Inc., and its debtor affiliates have asked the
Bankruptcy Court to jointly administer their Chapter 11 cases.

In their motion filed with the Court, the Debtors said given the
integrated nature of their operations, joint administration will
provide significant administrative convenience without harming the
substantive rights of any party-in-interest.  Specifically, the
Debtors maintained, joint administration will reduce fees and costs
by avoiding duplicative filings and objections and allow the Office
of the United States Trustee for the District of Delaware and all
parties-in-interest to monitor these Chapter 11 cases with greater
ease and efficiency.

The Debtors requested that one file and one docket be maintained
for all of the jointly administered cases under the case of Emerald
Oil, Inc., Case No. 16-10704.

                         About Emerald Oil

Emerald is a Denver-based independent exploration and production
company that is focused on acquiring acreage and developing wells
in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016.  Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.


EMERALD OIL: Taps Donlin Recano as Claims and Noticing Agent
------------------------------------------------------------
Emerald Oil, Inc., and its debtor affiliates filed an application
with the Bankruptcy Court for the employment of Donlin, Recano &
Company, Inc., as their claims and noticing agent in lieu of the
Clerk of the United States Bankruptcy Court for the District of
Delaware, effective nunc pro tunc to the Petition Date.

The Debtors anticipate that there will be more than 200 entities to
be noticed.  In view of the number of anticipated claimants and the
complexity of their businesses, the assert that the appointment of
the Claims and Noticing Agent is both necessary and in the best
interests of their estates and their creditors because they will be
relieved of the burdens associated with the Claims and Noticing
Services.

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

Pursuant to the Services Agreement, the Debtors provided the Claims
and Noticing Agent an initial retainer of $40,000 prior to the
Petition Date.

Donlin Recano represents it is a "disinterested person" as that
term is defined in Section 101(14) of the Bankruptcy Code.

                         About Emerald Oil

Emerald is a Denver-based independent exploration and production
company that is focused on acquiring acreage and developing wells
in the Williston Basin of North Dakota.

Emerald Oil, Inc., Emerald DB, LLC, Emerald NWB, LLC, Emerald WB
LLC and EOX Marketing, LLC filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10704 to 16-10708) on March
22, 2016.  Ryan Smith signed the petitions as chief financial
officer.

The Debtors have hired Kirkland & Ellis LLP and Kirkland & Ellis
International LLP as general bankruptcy counsel, Pachulski Stang
Ziehl & Jones LLP as local counsel, Intrepid Financial Partners,
LLC as investment banker, Opportune LLP as restructuring advisor
and Donlin Recano & Company, Inc., as claims and noticing agent.

Judge Kevin Gross has been assigned the cases.


ESTATE FINANCIAL: Trustee Taps Silicon Forensics as Consultant
--------------------------------------------------------------
Thomas P. Jeremiassen, acting chapter 11 trustee for Estate
Financial, Inc., asks permission from the U.S. Bankruptcy Court for
the Central District of California to employ Silicon Forensics,
Inc., as consultant.

Silicon will provide consultation services that include the
collection, processing, storage, and management of
electronically-stored information currently held, or which will be
obtained in the future, by the Trustee, his counsel, his
accountants, and his financial advisors, effective as of July 13,
2015.

The services to be provided by Silicon were previously provided by
Intelligent Discovery Solutions, Inc., which is no longer employed
by the Trustee, and include the licensing to the Trustee and
management of a third-party online-based document storage and
management software program.

According to the trustee, effective July 13, 2015, James Vaughn and
other members of IDS who were primarily responsible for the IDS
engagement left IDS and joined Silicon.

James Vaughn, a CFCE, EnCE, and managing director of Silicon, tells
the Court that the hourly rates of Silicon professionals are:

                                         Hourly Billing Rates
                                         --------------------
   Associate/Project Manager                   $150 - $185
   Consultant/Sr. Consultant                   $190 - $250
   Managing Consultant/Senior
     Managing Consultant                       $275 - $350
   Director/Managing Director                  $375 - $500

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

The firm can be reached at:

         James Vaughn, CFCE, EnCE
         Managing Director
         Silicon Forensics, Inc.
         1242 E. Lexington Ave.
         Pomona, CA 91766
         Tel: (909) 632-1797
         E-mail: jvaughn@siliconforensics.com

The trustee is represented by:

         Robert B. Orgel, Esq.
         Jeffrey L. Kandel, Esq.
         Cia H. Mackle, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         10100 Santa Monica Blvd., 13th Floor
         Los Angeles, California 90067-4003
         Tel: (310) 277-6910
         Fax: (310) 201-0760
         E-mail: jkandel@pszjlaw.com

                      About Estate Financial

Estate Financial, Inc., was a licensed real estate brokerage firm
since the later 1980's.  EFI solicited funding for, and arranged
and made, loans secured by various real property.  EFI also was the
sole manager of Estate Financial Mortgage Fund LLC, which was
organized for the purpose of investing in and funding loans
originated by EFI which were secured by first deeds of trust
encumbering commercial and real estate located primarily in
California and has been funding such mortgage loans since 2002.

Five creditors of EFI filed an involuntary Chapter 11 petition
against the real estate broker (Bankr. C.D. Cal. Case No. 08-11457)
on June 25, 2008.  EFI consented to the bankruptcy petition on July
16, 2008.

In its schedules, Estate Financial disclosed total assets of $27.4
million, and total debt of $7.32 million.

Robert B. Orgel, Esq., at Pachulski Stang Ziehl & Jones LLP, and
William C. Beall, Esq., at Beall and Burkhardt, serve as counsel to
the Debtor.

A Chapter 11 trustee, Thomas P. Jeremiassen, was appointed by the
Court on July 23, 2008.

Robyn B. Sokol, Esq., and Steven T. Gubner, Esq., at Ezra Brutzkus
& Gubner, serve as counsel to the official committee of unsecured
creditors.


FASHION OUTLET: Jones Lang LaSalle to Hold Auction Today
--------------------------------------------------------
Jones Lang LaSalle, on behalf of Primm Mezz Holdingss LLC, the
assignee of BREF III Series B LLC, offers for sale at public
auction today March 28, 2016, at 3:00 p.m., in the offices of
Cleary Gottlieb Steen & Hamilton LLP, One Liberty Plaza, New York,
New York, in connection with a uniform commercial code sale, 100%
of the limited liability company membership interest in Fashion
Outlet of Las Vegas LLC, which is the sole owner of the outlet mall
shopping center commonly known as the "Fashion Outlets of Las
Vegas" locate 32100 Las Vegas Blvd., South, Primm, Nevada.

The interest are owned by Talisman LV Fashion LLC, having its
principal place of business at 1801 NE 123rd Street, Suite 305,
North Miami, Florida.

BREF III Series, as lender, has made a loan ("Mezzanine Loan") to
the Talisman LV.  In connection with the mezzanine loan,  Talisman
LV has granted to BREF III Series a first priority lien on the
interest pursuant tot hat certain pledge and security agreement.
Prior of the sale, BREF III Series will assign the mezzanine loan
and related documents to Primm Mezz.  Primm Mezz is offering the
interests for sale in connection with the foreclosure on the pledge
of the interests.  The mezzanine loan is subordinate to a mortgage
loan and other obligations and liabilities of Fashion Outlet or
otherwise affecting the property.

All bids must be for cash, and the successful bidder must be
prepared to deliver immediately available good funds with 24 hours
after the sale and otherwise comply with the bidding requirements.
Further information concerning the interests, the requirements for
obtaining information and bidding on the interests and the terms of
sale can be found at
http://www.fashion-outlets-of-las-vegas-ucc-foreclosure.com.

    Kelly Gaines
    Brett Rosenberg
    Jones Lang LaSalle
    330 Madison Avenue, 4th Floor
    New York, NY 10017
    Tel: +1 212-812-5907, +1 212-812-5926
    Email: kellogg.gaines@am.jll.com    
           brett.rosenberg@am.jll.com


FINJAN HOLDINGS: Awarded 27th Patent for Computer Security System
-----------------------------------------------------------------
Finjan Holdings, Inc., and its subsidiary Finjan, Inc. announced
that on March 22, 2016, the United States Patent & Trademark Office
issued U.S. Patent No. 9,294,493 ("the '493 Patent") to subsidiary
Finjan, entitled "Computer Security Method and system with Input
Parameter Validation".

"The issuance of the '493 Patent brings our organically grown
cybersecurity portfolio to 27 U.S. patents, proving that our core
technology is sustainable, worthy of patent protection, and
increases the value of our portfolio to our licensees and
prospective licensees," commented Julie Mar-Spinola, Finjan
Holding's Chief IP Officer.

Separately, on March 21, 2016, the USPTO's Patent Trial and Appeal
Board granted Palo Alto Networks' Petition to institute invalidity
proceedings to hear evidence and argument on whether certain claims
of U.S. Patent No. 8,141,154 ("the "154 Patent") are invalid in
light of prior art asserted by Palo Alto Networks (IPR2015-01979).

In contrast, on March 23, 2016, the PTAB rejected Palo Alto
Networks, Inc.'s petition for IPR (IPR2015-02000) of Finjan's U.S.
Patent No. 7,418,731 ("the '731 Patent").  Specifically, the PTAB
held that Palo Alto Networks failed to demonstrate a reasonable
likelihood that it would prevail in proving that any of the claims
of the '731 Patent is invalid.

"With respect to the two separate decisions by PTAB regarding Palo
Alto Networks' petitions for IPR, we are eager to prove once more
that the '154 Patent is patentable over prior art asserted by Palo
Alto Networks, and satisfied with the PTAB's reconfirmation of the
validity of the '731 Patent in its entirety," said Mar-Spinola.

Palo Alto Networks filed a total of 13 IPRs against 10 of Finjan's
asserted patents, with 11 IPR Petitions pending before the PTAB.
Three petitions are expected to be decided by the PTAB by April 6,
2016, and the remaining eight petitions are expected to be decided
by the PTAB by May 17, 2016.

Summary of Palo Alto Networks' IPR challenges against Finjan
Patents:

'154 Patent - IPR2015-01547: Instituted
'731 Patent - IPR2015-02000: Denied
    
Finjan also has pending infringement lawsuits against FireEye,
Inc., Proofpoint Inc., Symantec Corp., Sophos, Inc., and Blue Coat
Systems, Inc. relating to, collectively, more than 20 patents in
the Finjan portfolio.  The court dockets for the foregoing cases
are publicly available on the Public Access to Court Electronic
Records (PACER) website, www.pacer.gov, which is operated by the
Administrative Office of the U.S. Courts.

                          About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.

Finjan reported a net loss of $10.47 million in 2014 following a
net loss of $6.07 million in 2013.

As of Sept. 30, 2015, the Company had $9.93 million in total
assets, $2.66 million in total liabilities and $7.27 million in
total stockholders' equity.


FINJAN HOLDINGS: Incurs $12.6 Million Net Loss in 2015
------------------------------------------------------
Finjan Holdings, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss of
$12.60 million on $4.68 million of revenues for the year ended Dec.
31, 2015, compared to a net loss of $10.47 million on $4.99 million
of revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Finjan had $9.20 million in total assets,
$2.85 million in total liabilities and $6.34 million in total
stockholders' equity.

The Company recognized other income of approximately $1.3 million
and $1 million for the years ended Dec. 31, 2015, and 2014,
respectively.  Other income was derived primarily from investing
activities and gain on settlements.  The Company's gain on
investing activities through a liquidity event in a cybertechnology
fund was $1.3 million for the year ended Dec. 31, 2015 and $0
during 2014.  The Company's gain on settlements, net of legal
costs, was $0 for the year ended Dec. 31, 2015, and approximately
$1.0 million during the year ended Dec. 31, 2014, representing the
second and third of three equal installment payments payable from
one of the two parties in the 2010 Litigation.

The Company's interest income decreased by approximately $77,000,
or 86%, to approximately $13,000 for the year ended Dec. 31, 2015,
as compared to the year ended Dec. 31, 2014.  Interest income
decreased due to the cash balance on hand during 2015 and $0
interest earned on settlements, as compared to 2014.

The Company's income tax provision remained the same, approximately
$5,000 for the years ended 2015 and 2014.

As of Dec. 31, 2015, the Company had approximately $6.1 million of
cash and cash equivalents and $3.6 million of working capital.  The
decrease in the Company's cash and cash equivalents of
approximately $11.4 million from $17.5 million in 2014 is primarily
attributable to approximately $11.3 million used in operations and
$0.8 million capital call from the venture capital fund in which
the company invests in, offset by approximately $4.7 million
received from license agreements during 2015, $0.8 million received
from the venture capital fund during 2015, and collection of $2
million in accounts receivable from 2014.

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

                       http://is.gd/MWRQWF

                           About Finjan

Finjan, formerly known as Converted Organics, is a leading online
security and technology company which owns a portfolio of patents,
related to software that proactively detects malicious code and
thereby protects end-users from identity and data theft, spyware,
malware, phishing, trojans and other online threats.  Founded in
1997, Finjan is one of the first companies to develop and patent
technology and software that is capable of detecting previously
unknown and emerging threats on a real-time, behavior-based basis,
in contrast to signature-based methods of intercepting only known
threats to computers, which were previously standard in the online
security industry.


FORESIGHT ENERGY: Forbearance Pacts Extended Anew to March 29
-------------------------------------------------------------
As disclosed in a regulatory filing with the Securities and
Exchange Commission, Foresight Energy LLC and Foresight Energy
Finance Corporation, together with Foresight Energy LP and certain
other subsidiaries of Foresight Energy LP again extended the term
of the existing forbearance agreement that was entered into on Dec.
18, 2015, with certain holders of the Issuers' 7.875% Senior Notes
due 2021.  As a result of the extension, the forbearance period
runs through March 29, 2016, unless further extended by the
Consenting Noteholders in their sole discretion or unless earlier
terminated in accordance with its terms.  

Foresight Receivables LLC, together with the Partnership, extended
the term of the forbearance agreement that was entered into on Jan.
27, 2016, with certain lenders under Foresight Receivables'
receivables financing agreement.  As a result of the extension, the
forbearance period runs through March 29, 2016, unless further
extended by the Consenting Lenders in their sole discretion or
unless earlier terminated in accordance with its terms.  

As disclosed in the filing, the extensions are intended to provide
additional opportunity to engage in discussions and negotiations
with the holders of the Notes and their secured lenders.

                    About Foresight Energy

Foresight Energy mines and markets coal from reserves and
operations located exclusively in the Illinois Basin.  
As of Dec. 31, 2015, the Company has invested over $2.3 billion to
construct state-of-the-art, low-cost and highly productive mining
operations and related transportation infrastructure.  The Company
controls over 3 billion tons of proven and probable coal in the
state of Illinois, which, in addition to making the Company one of
the largest reserve holders in the United States, provides organic
growth opportunities.  The Company's reserves consist principally
of three large contiguous blocks of uniform, thick, high heat
content (high Btu) thermal coal which is ideal for highly
productive longwall operations.  Thermal coal is used by power
plants and industrial steam boilers to produce electricity or
process steam.

Foresight Energy reported a net loss attributable to limited
partner units of $39.47 million on $984.85 million of total
revenues for the year ended Dec. 31, 2015, compared to net income
attributable to limited partner units of $70.19 million on $1.10
billion of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Foresight had $1.83 billion in total assets,
$1.81 billion in total liabilities and $18.88 million in total
partners' capital.

Ernst & Young LLP, in St. Louis, Missouri, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, noting that the Partnership is in
default of certain provisions of its long-term debt and capital
lease obligations, resulting in a working capital deficit as of
Dec. 31, 2015.  These conditions raise substantial doubt about the
Partnership's ability to continue as a going concern.

                          *     *     *

The Troubled Company Reporter on March 22, 2016, reported that
Standard & Poor's Ratings Services said it lowered its corporate
rating on St. Louis-based Foresight Energy L.P. to 'D' from
'CCC-'.

S&P also lowered its issue-level rating on the partnership's
first-lien debt to 'D' from 'CCC+'.  In addition, S&P lowered its
issue-level rating on the company's senior unsecured notes to 'D'
from 'CCC-'.


FOUNTAINS OF BOYNTON: Moves Cash Collateral Hearing to April
------------------------------------------------------------
Fountains of Boynton Associates, Ltd., asked the U.S. Bankruptcy
Court for the Southern District of Florida to continue the March 18
final hearing on the emergency motion for authority to use cash
collateral until the week of April 11.  The Debtor explained that
it needs the continuance in order to provide additional financial
information to creditor, Hanover Acquisition 3, LLC pursuant to an
interim cash collateral order.  Hanover does not object to the
continuance.

Attorneys for the Debtor:

         SHRAIBERG, FERRARA &LANDAU, P.A.
         2385 NW Executive Center Drive, #300
         Boca Raton, Florida 33431
         Telephone: 561-443-0800
         Facsimile: 561-998-0047
         Patrick R. Dorsey, Esq.

                  Bankruptcy Rule 2015.3 Disclosure

Fountains of Boynton Associates filed a periodic report required
under Bankruptcy Rule 2015.3 to disclose that it doesn't hold a
substantial or controlling interest in any entity.

                    About Fountains of Boynton

Fountains of Boynton Associates, Ltd., based in Boynton Beach,
Fla., sought Chapter 11 bankruptcy protection (Bankr. S.D. Fla.
Case No. 16-11690) on Feb. 5, 2016.  The Debtor considers itself a
"single asset real estate".  The Hon. Erik P. Kimball oversees the
case.  Bradley S Shraiberg, Esq., at Shraiberg, Ferrara, & Landau,
serves as the Debtor's counsel.  In its petition, the Debtor
estimated $50 million to $100 million in both assets and debts.
The petition was signed by John B. Kennelly, manager.


FREEDOM COMMUNICATIONS: Creditors Get $1.5M in Deal With Lenders
----------------------------------------------------------------
The Official Committee of Unsecured Creditors asks the U.S.
Bankruptcy Court for the Central District of California, Santa Ana
Division, to approve a March 11, 2016 Settlement it had entered
into with Debtors Freedom Communications, Inc., et. al. and Silver
Point Finance, LLC, in its own capacity and its capacity as DIP
Agent.

The Settlement will resolve claims and defenses asserted by the
Committee to the stipulations and admissions made by the Debtors
under the Court's Final DIP Order in connection with the
Prepetition Debt and the Prepetition Senior Liens.

The Settlement Agreement contains, among others, the following
relevant terms:

     (a) $1.5 Million Cash Consideration: The Debtors' estate will
be entitled to $1,500,000, to be held in a trust account maintained
by counsel for the Committee, of the cash proceeds received from
the sale, or combination of sales, of substantially all of the
Debtors assets in accordance with the Bid Procedures Order that
would otherwise be recoverable by the DIP Agent and DIP Lenders on
account of their claims under the DIP Order.

     (b) $2.5 Million Claim Reduction: The total first priority
secured claim held by the DIP Agent against the Debtors shall be
equal to the DIP Obligations minus $2,500,000 ("DIP Settlement
Claim").  The "DIP Payment Amount" is equal to the DIP Settlement
Claim minus the Cash Consideration.

     (c) Payment From Sale Proceeds: Immediately upon receipt of
any Sale Proceeds, the Debtors will direct the Sale Proceeds, as
received, to (i) the Committee's counsel until the Cash
Consideration has been set aside in full, and then to (ii) the DIP
Agent until the DIP Payment Amount has been paid in full.  The
Committee and the Debtors acknowledge and agree that the DIP Agent
Release Parties shall have no further or separate liability for the
Cash Consideration.  All payments made to the DIP Agent Release
Parties whether as a result of the Settlement Agreement or
otherwise, shall be deemed final and not subject to clawback or
disgorgement for any reason.

     (d) Exchange of Mutual Releases: Upon Court approval, the
Debtors and the Committee shall release the DIP Agent Release
Parties for all claims up to the Settlement Date, and upon the
payments detailed above, the Debtors' estates and DIP Agent and DIP
Lenders will exchange mutual releases as further set forth in the
Settlement Agreement.

The Creditors Committee relates that absent a settlement, it
intends to assert a number of claims against the DIP Agent to avoid
obligations incurred by the Debtors under a prepetition loan
agreement ("Credit Agreement"), on the basis that certain terms of
the Credit Agreement are unenforceable under both state law and the
Bankruptcy Code, and to avoid various transfers made, and claims
asserted, on account of those obligations.  The Committee further
relates that although it believes that it would succeed on each of
its claims, it recognizes that the DIP Agent strenuously disagrees,
and that these claims and the underlying facts are complex and that
there is no guarantee of success.

The Official Committee of Unsecured Creditors is represented by:

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

                   About Freedom Communications

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

Freedom Communications, Inc., et al., filed Chapter 11 bankruptcy
petitions (Bankr. C.D. Cal. Lead Case No. 15-15311) on Nov. 1,
2015, with the intention of selling their assets to a group of
local investors led by Rich Mirman, Freedom's chief executive
officer and publisher.

Richard E. Mirman, the chief executive officer, signed the
petitions.

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

Lobel Weiland Golden Friedman LLP serves as the Debtors' counsel.


GENERAL STEEL: Sells Maoming Hengda for $51 Million
---------------------------------------------------
General Steel Holdings, Inc., announced that the Company, along
with its 1% minority interest holder, have jointly signed an equity
transfer agreement to sell 100% of the equity interest in Maoming
Hengda Steel Co., Ltd., to Tianwu Tongyong (Tianjin) International
Trade Co., Ltd, for RMB331.3 million or approximately $51 million.

The Company expects to receive total proceeds of RMB328.0 million
(approximately $50 million), of which RMB262.3 million
(approximately $40 million) will be paid within five days after the
signing of the Agreement, and the remainder RMB65.7 million
(approximately $10 million) will be paid within one year.  The
Company estimates that it will be able to realize a net equity gain
of RMB452.7 million (approximately $70 million), which should
substantially enhance its net book value.

Henry Yu, Chairman and interim chief executive officer of General
Steel commented, "Today's announcement is another critical step in
the Company's business transformation, which also included the
recently-completed sale of the Company's steel manufacturing
business.  This transaction allowed us to unlock the value in
Maoming Hengda's land assets, which we believe should greatly
enhance our capital structure and solvency, enabling us to
strengthen our existing business while exploring additional
business opportunities."

                   About General Steel Holdings

General Steel Holdings, Inc., headquartered in Beijing, China,
produces a variety of steel products including rebar, high-speed
wire and spiral-weld pipe.  General Steel --
http://www.gshi-steel.com/-- has operations in China's Shaanxi and
Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin
municipality with seven million metric tons of crude steel
production capacity under management.

General Steel reported a net loss of $78.3 million on $1.9 billion
of sales for the year ended Dec. 31, 2014, compared with a net loss
of $42.6 million on $2 billion of sales for the year ended Dec. 31,
2013.

As of Sept. 30, 2015, General Steel had $1.12 billion in total
assets, $2.82 billion in total liabilities and a $1.69 billion
total deficiency.

Friedman 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 an accumulated deficit,
has incurred a gross loss from operations, and has a working
capital deficiency at Dec. 31, 2014.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


GO YE VILLAGE: U.S. Trustee Forms 10-Member Committee
-----------------------------------------------------
The U.S. Trustee for Region 20 on March 23 filed an amended notice
of appointment of Go Ye Village Inc.'s official committee of
unsecured creditors.

The Justice Department's bankruptcy watchdog announced that it
appointed these creditors to serve on the committee:

     (1) Milton C. Palmer 54 Apple Hill
         (Chairman) Springfield, OH 45502
         (937) 631-4586
         Email: MCPKPALMER@yahoo.com

     (2) Doris Barbee Joseph M. Cross, Power of Attorney
         (Vice Chairman) 321 Heritage St.
         Branson, MO 65616
         (417) 294-4988
         Emai: tic57@aol.com

     (3) Randle & Joyce Peterson 6391 LA Hwy 1
         (Joyce Peterson, Recording Shreveport, LA 71107-8757
         Secretary) (318) 929-3000 (Randle Cell Phone)
         (318) 929-9000 (Joyce Cell Phone)
         (318) 929-2000
         Emai: randle.peterson@agmd.org
               joyce.peterson@agmd.org

     (4) Andrew Turner 2400 First National Tower
         (Attorney for UCC) Tulsa, OK 74103
         (918) 586-5711
         Email: aturner@cwlawfirm.com

     (5) Bill Young William Young
         Executor for the Estate of Bill Young
         P. O. Box 73
         Gore, OK 74435
         (918) 519-7386
         Email: woythree@yahoo.com

     (6) Thomas F. Henstock
         1203 W. 4th St., Apt. 628
         Tahlequah, OK 74464-5020
         (918) 708-6045
         Email: tomhenstock@comcast.net

     (7) Russell & Mary Megee
         Peggy Shackleford & Rick Shackleford
         Power of Attorney
         7424 S. 228th E. Ave.
         Broken Arrow, OK 74014
         (918) 809-3082
         Email: peggy.shack@gmail.com

     (8) Van Ferguson
         1014 Mayberry Dr.
         Tahlequah, OK 74464
         (918) 708-2537 cell
         (918) 207-0007 home
         Email: Ferguson1600@sbcglobal.net

     (9) Robert & Donna Rice
         1116 Mayberry Dr.
         Tahlequah, OK 74464
         (918) 431-0184

    (10) Charlotte Kerth
         1203 W. 4th St., Apt. 625
         Tahlequah, OK 74464
         (918) 458-5425
         Email: chykerth@gmail.com

The official committee representing Go Ye Village's unsecured
creditors hired Conner & Winters LLP as its counsel.

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                      About Go Ye Village

Go Ye Village, Inc. filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Okla Case No. 15-81287) on Nov. 30, 2015.  The petition was
signed by Maurice D. Turney as president.  The Debtor disclosed
total assets of $24.48 million and total debts of $36.18 million.
Doerner, Saunders, Daniel & Anderson, LLP serves as the Debtor's
counsel.  Judge Tom R. Cornish is assigned to the case.

Proofs of claim are due by April 10, 2016.

The U.S. Trustee also appointed a patient care ombudsman in the
Debtors' bankruptcy case.


GREAT LAKES COMNET: Employs Media Venture as Investment Banker
--------------------------------------------------------------
Great Lakes Comnet, Inc., and Comlink, L.L.C., seek authorization
from the U.S. Bankruptcy Court for the Western District of Michigan
to employ Media Venture Partners, LLC, a division of Financial
Telesis Inc., as investment banker to the Debtors, nunc pro tunc to
the Petition Date.

As investment banker, Media Venture Partners will:

   (a) continue to serve as a financial advisor to the Debtors
       for the purpose of seeking, arranging, negotiating, and
       closing a sale pursuant to Section 363 of the Bankruptcy
       Code, should it be approved by the Court, on the terms and
       conditions set forth in the Engagement Letter;

   (b) continue to seek financial and strategic buyers or
       investors in addition to the potential stalking horse
       bidder already identified to maximize the amount realized
       by a 363 Sale.  In particular, MVP will perform the
       following services at the request of the Debtors:

       * Market the Debtors' businesses and contact and elicit
         interest from potential Buyers in a 363 Sale, and revise
         and update the list of financial and strategic parties
         to contact in connection with a 363 Sale;

       * Revise and finalize prospecting materials that include
         business and financial information on the Debtors to be
         distributed to Buyers as part of a 363 Sale;

       * Continue to assist the Debtors in responding to due
         diligence requests from Buyers;

       * Assist the Debtors in analyzing offers received from
         potential Buyers;

       * Assist the Debtors and its legal counsel, as requested
         by the Debtors, in negotiating definitive documents and
         closing a 363 Sale; and

       * Provide MVP representatives working on this engagement,
         as requested by the Debtors, to attend meetings of the
         board of directors of the Debtors (or a committee
         thereof) upon reasonable notice and at mutually
         convenient times and places; and

   (c) provide other advisory services as may be agreed upon from
       time-to-time in writing by both the Debtors and MVP.

Prior to the Petition Date, the Debtors retained Media Venture
Partners to provide investment banking services to them pursuant to
the terms of the Engagement Letter.  The Debtors wish to continue
to employ Media Venture Partners as their investment banker during
the pendency of these Chapter 11 cases under the terms, including
the compensation arrangement, set forth in the Engagement Letter.

As compensation for services to be rendered to the Debtors, Media
Venture Partners will seek:

      * 5% of the first $5 million of the Sale Price, plus
      * 2% of any portion of the Sale Price in excess of $5
        million.

Media Venture Partners also intends to apply for reimbursement of
its actual expenses incurred in connection with the Debtors'
Chapter 11 cases (not to exceed $25,000 related to postpetition
amounts without the prior approval of the Debtors).

As set forth in the Engagement Letter, Media Venture Partners seeks
a limited indemnity from the Debtors for any claims against Media
Venture Partners relating to the services it provides to the
Debtors in these Chapter 11 cases, provided the Debtors will not be
obligated to indemnify or hold Media Venture Partners for any gross
negligence or willful misconduct by Media Venture Partners.

Jason Hill, a Managing Director of Media Venture Partners, assures
the Court that Media Venture Partners is disinterested, as that
term is defined in Section 101(14) of the Bankruptcy Code.

                    About Great Lakes Comnet

East Lansing, Michigan-based Great Lakes Comnet, Inc., owns and
operates a 6,500 mile fiber network serving the carrier and
enterprise sectors in Michigan, with the network extending to
Ohio,
Indiana, Illinois, Wisconsin, and Minnesota.  GLC's services
include transport, dark fiber sales, cloud and datacenter
operations, toll resale, toll routes, local switching, tandem
switching and SS7.

GLC's tandem switch is used -- in conjunction with tandem
transport
services provided by GLC and Westphalia Telephone Company -- to
send long distance calls from the network of one
telecommunications
carrier to the network of another telecommunications carrier.  By
using the services provided by GLC and WTC, interexchange carriers
such as AT&T, are able to exchange interstate long distance calls
with local telecommunications service providers, namely, rural
Incumbent Local Exchange Carriers and competitive LECs, located
throughout Michigan, where the rural ILECs and CLECs operate "end
office switches" homing on GLC's tandem switch.

Comlink provides data and communication services, including
dedicated ultra-high-speed bandwidth data transmission, Ethernet
private line services and virtual private network services,
cloud-based and colocation data center services, and data
management services to Consumers Energy, several hospital systems,
municipalities and state correctional facilities.

Great Lakes Comnet, Inc. and Comlink, LLC filed Chapter 11
bankruptcy petitions (Bankr. W.D. Mich. Case Nos. 16-00290 and
16-00292, respectively) on Jan. 25, 2016.  The petitions were
signed by John Summersett as chief executive officer.  The Debtors
estimated both assets and debts in the range of $10 million to $50
million.

The Debtors have engaged Miller Canfield Paddock & Stone PLC as
counsel, Alix Partners LLP as restructuring advisors and Kurtzman
Carson Consultants, LLC as claims, balloting and noticing agent.


GREAT LAKES COMNET: Taps AlixPartners LLP as Financial Advisor
--------------------------------------------------------------
Great Lakes Comnet, Inc., and Comlink, L.L.C., sought and obtained
authorization from the U.S. Bankruptcy Court for the Western
District of Michigan to employ AlixPartners, LLP, as financial
advisor to the Debtors, nunc pro tunc to the Petition Date.

Rural Telephone Finance Cooperative has filed, and subsequently
withdrawn, a limited objection to the application.  RTFC is the
secured lender to Clinton County Telephone Company, a non-debtor
subsidiary of Great Lakes, pursuant to that certain Loan Agreement,
dated as of May 28, 2008, by and between RTFC and CCTC, as amended
by a First Amendment to Loan Agreement, dated as of May 4, 2010,
and a Second Amendment to Loan Agreement, dated as of May 26,
2015.

During the pendency of the Chapter 11 cases, AlixPartners will:

   (a) review and evaluate GLC's short and medium term cash flow
       forecast; assist management in further identifying and
       implementing liquidity generating initiatives;

   (b) assist management in the preparation and implementation of
       a business plan, and associated Chapter 11 plan of
       reorganization or liquidation, designed to maximize the
       value of the Debtors' assets;

   (c) assist the Debtors in communications and negotiations with
       stakeholders and their representatives;

   (d) assist in preparing for and filing a Bankruptcy Petition,
       coordinating and providing administrative support for the
       proceeding and developing the Debtors' Plan of
       Reorganization or other appropriate case resolution, if
       necessary;

   (e) assist with the preparation of the statement of financial
       affairs, schedules and other regular reports required by
       the Bankruptcy Court as well as providing assistance in
       such areas as testimony before the Bankruptcy Court on
       matters that are within AlixPartners' areas of expertise;

   (f) assist as requested in analyzing preferences and other
       avoidance actions;

   (g) manage the claims and claims reconciliation processes; and

   (h) assist with such other matters as may be requested that
       fall within AlixPartners' expertise and that are mutually
       agreeable.

The Debtors and AlixPartners agree that the services AlixPartners
will provide to the Debtors will be appropriately directed by the
Debtors so as to avoid duplicative efforts among any other
professionals retained in this case.

Prior to the Petition Date, the Debtors retained AlixPartners to
provide certain financial advisory services to them, including
evaluating their Debtors' financial performance and providing
potential restructuring alternatives to the Debtors.  AlixPartners
has provided financial advisory services to the Debtors since
August 2015.

AlixPartners intends to charge the Debtors a fixed, blended hourly
rate of $540 for hours incurred by AlixPartners' personnel.
AlixPartners intends to apply for compensation for professional
services rendered and reimbursement of its actual expenses incurred
in connection with the Debtors' cases.

Jeffrey Johnston, a Managing Director of AlixPartners, assures the
Court that AlixPartners represents any interest adverse to the
Debtors or their estates, and that AlixPartners is a "disinterested
person" as that term is defined in the Section 101(14) of the
Bankruptcy Code.

The firm may be reached at:

          Jeffrey L. Johnston
          Managing Director
          ALIXPARTNERS LLP
          2000 Town Center
          Suite 2400
          Southfield, MI, 48075
          Tel: (248) 204-0685
          Email: jjohnston@alixpartners.com

                    About Great Lakes Comnet

East Lansing, Michigan-based Great Lakes Comnet, Inc., owns and
operates a 6,500 mile fiber network serving the carrier and
enterprise sectors in Michigan, with the network extending to Ohio,
Indiana, Illinois, Wisconsin, and Minnesota.  GLC's services
include transport, dark fiber sales, cloud and datacenter
operations, toll resale, toll routes, local switching, tandem
switching and SS7.

GLC's tandem switch is used -- in conjunction with tandem transport
services provided by GLC and Westphalia Telephone Company -- to
send long distance calls from the network of one telecommunications
carrier to the network of another telecommunications carrier.  By
using the services provided by GLC and WTC, interexchange carriers
such as AT&T, are able to exchange interstate long distance calls
with local telecommunications service providers, namely, rural
Incumbent Local Exchange Carriers and competitive LECs, located
throughout Michigan, where the rural ILECs and CLECs operate "end
office switches" homing on GLC's tandem switch.

Comlink provides data and communication services, including
dedicated ultra-high-speed bandwidth data transmission, Ethernet
private line services and virtual private network services,
cloud-based and colocation data center services, and data
management services to Consumers Energy, several hospital systems,
municipalities and state correctional facilities.

Great Lakes Comnet, Inc. and Comlink, LLC filed Chapter 11
bankruptcy petitions (Bankr. W.D. Mich. Case Nos. 16-00290 and
16-00292, respectively) on Jan. 25, 2016.  The petitions were
signed by John Summersett as chief executive officer.  The Debtors
estimated both assets and debts in the range of $10 million to $50
million.

The Debtors have engaged Miller Canfield Paddock & Stone PLC as
counsel, Alix Partners LLP as restructuring advisors and Kurtzman
Carson Consultants, LLC as claims, balloting and noticing agent.


GRIZZLY CATTLE: Case Summary & 11 Unsecured Creditors
-----------------------------------------------------
Debtor: Grizzly Cattle, LLC
        4775 Larimer Parkway, Suite 200
        Johnstown, CO 80534

Case No.: 16-12675

Chapter 11 Petition Date: March 24, 2016

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

Judge: Hon. Thomas B. McNamara

Debtor's Counsel: Robert Padjen, Esq.
                  LAUFER AND PADJEN LLC
                  5290 DTC Parkway, Suite 150
                  Englewood, CO 80111
                  Tel: 303-830-3173
                  E-mail: rp@jlrplaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Kirk A. Shiner, managing member.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cob16-12675.pdf


GUIDED THERAPEUTICS: May Issue 4.16 Million Common Shares
---------------------------------------------------------
Guided Therapeutics Inc. filed a Form S-1 registration statement
with the Securities and Exchange Commission relating to the
offering of up to 4,156,757 shares of its common stock, consisting
of:

  * 1,400,000 shares issuable upon partial conversion of its
    February 2016 privately placed senior secured convertible
    note;

  * 1,247,737 shares issuable upon exercise of warrants issued in
    connection with its June 2015 privately placed Series C
    preferred stock;

  * 167,854 shares issuable upon exercise of warrants issued in
    June 2015 private placement warrant exchanges for warrants
    originally issued in its December 2014 public offering;

  * 1,311,400 shares issuable upon exercise of certain warrants
    originally issued in a May 2013 private offering and amended
    in June 2015;

  * 20,000 shares issuable upon exercise of warrants issued in a
    March 2015 private placement, which shares were originally
    registered for resale under a prior registration statement but

    remain unsold; and

  * 9,766 shares issued in a September 2014 Regulation S offering,
    or issuable upon exercise of related warrants, which shares  
    were originally registered for resale under a prior
    registration statement but remain unsold.

The Company will not receive any cash proceeds from the sale of
shares by the selling stockholders, but to the extent that the
warrants were or are exercised in whole or in part for cash, the
Company will receive payment for the exercise price.  The Company
will pay the expenses of registering the shares.

Guided Therapeutics' common stock is listed on the OTCQB
marketplace under the symbol "GTHP."  The last reported sale price
of the Company's common stock on the OTCQB on March 18, 2016, was
$0.1650 per share.  The selling stockholders will sell at
prevailing market prices per share (as quoted on the OTCQB), at the
time of sale, at fixed prices, at varying prices determined at the
time of sale, or at negotiated prices.

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

                    http://is.gd/Qjj2v5

                  About Guided Therapeutics

Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

Guided Therapeutics reported a net loss attributable to common
stockholders of $9.50 million on $42,000 of contract and grant
revenue for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stockholders of $10.03 million on $65,000 of
contract and grant revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Guided Therapeutics had $2.56 million in total
assets, $8.12 million in total liabilities and a $5.56 million
total stockholders' deficit.


HAGGEN HOLDINGS: Resources Global Approved as Consultants
---------------------------------------------------------
The U.S Bankruptcy Court for the District of Delaware authorized
Haggen Holdings, LLC, et al., to employ Resources Global
Professionals as consultants nunc pro tunc to Dec. 28, 2016.

RGP will serve as consultants to the Debtors in connection with the
claims reconciliation process in the Chapter 11 case.

RGP will, among other things:

   a) review and evaluate claims to determine their validity;

   b) match claims to scheduled liabilities; and

   c) research disputed claims.

RGP will work closely with Alvarez & Marsal North America, LLC, the
Debtors' Court-approved financial advisors in connection with the
cases, and the Debtors' other professional advisors to prevent any
duplication of efforts in the course of providing the services.

In support of the application, the Debtors submitted the
declaration of Thora Thoroddsen, a senior managing director of RGP.
Ms. Thoroddsen told the Court that the hourly rates of the firm's
professional are:

         Professional                            Hourly Rate
         ------------                            -----------
         Thora Thoroddsen                           $375
         Donald Yafee                               $165
         Yolanda Hoelscher                          $165
         Additional Professionals                   $165

Mr. Bambrick disclosed that RGP was inadvertently paid as an
ordinary course professional prior to the filing of the declaration
for work unrelated to the work for which RGP is being retained
pursuant to the application.

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

The Debtors are represented by:

        YOUNG CONAWAY STARGATT & TAYLOR, LLP
        Ian J. Bambrick, Esq.
        Matthew B. Lunn, Esq.
        Robert F. Poppiti, Jr., Esq.
        Ashley E. Jacobs, Esq.
        Rodney Square
        1000 North King Street
        Wilmington, DE 19801
        Tel: (302) 571-6600
        Fax: (302) 571-1256

        Frank A. Merola, Esq.
        Sayan Bhattacharyya, Esq.
        Elizabeth Taveras, Esq.
        STROOCK & STROOCK & LAVAN LLP
        180 Maiden Lane
        New York, NY 10038
        Tel: (212) 806-5400
        Fax: (212) 806-6006

                     About Haggen Holdings

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

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

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

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

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

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

In September 2015, T. Patrick Tinker, assistant U.S. trustee for
Region 3, appointed seven creditors to the official committee of
unsecured creditors.  The Creditors Committee tapped Pachulski
Stang Ziehl & Jones LLP as counsel.


HAMPSHIRE GROUP: Incurs $1.60 Million Net Loss in Third Quarter
---------------------------------------------------------------
Hampshire Group, Limited, filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q reporting a net loss
of $1.60 million on $18.6 million of net sales for the three months
ended Sept. 26, 2015, compared to net income of $308,000 on $20.8
million of net sales for the three months ended Sept. 27, 2014.

For the nine months ended Sept. 26, 2015, the Company reported a
net loss of $2.13 million on $43.4 million of net sales compared to
a net loss of $8.56 million on $30.6 million of net sales for the
nine months ended Sept. 27, 2014.

As of Sept. 26, 2015, Hampshire had $37.9 million in total assets,
$44.8 million in total liabilities and a $6.93 million total
stockholders' deficit.

The Company concluded the quarter ended Sept. 26, 2015, with $1.4
million in cash and cash equivalents as compared to $1.8 million as
of Dec. 31, 2014.

Working capital deficit (excluding assets and liabilities of
discontinued operations) was $1.8 million as of Sept. 26, 2015,
from a deficit of $9.7 million as of Dec. 31, 2014.

The Company had borrowings of $3.0 million on its term loan and
$18.6 million on its revolving credit facility.

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

                      http://is.gd/wIR6NC

                     About Hampshire Group

New York-based Hampshire Group, Limited (OTC Markets: HAMP) is a
provider of fashion apparel across a broad range of product
categories, channels of distribution and price points.  As a
holding company, the Company operates through its wholly-owned
subsidiaries, Hampshire Brands, Inc. and Hampshire International,
LLC.  The Company completed the sale of Rio Garment S.A. effective
April 10, 2015.

The Company incurred a net loss of $28.8 million in 2014 following
a net loss of $16.04 million in 2013.

Elliott Davis Decosimo LLC, in Greenville, South Carolina, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has suffered recurring losses and incurred negative cash
flows from continuing operations and its total liabilities exceed
its total assets at December 31, 2014.  In addition, the Company is
in default under its credit facility and has entered into a
forbearance agreement and amendment to the credit facility, which
among other items, changed the maturity date of the credit facility
to February 29, 2016.  The Company's lenders have indicated that
they will not renew the credit facility beyond that maturity date,
because they intend to exit this line of business. The Company is
in the process of attempting to obtain financing with a new lender.
These conditions, the auditors said, raise substantial doubt about
the Company's ability to continue as a going concern.


HEALTHWAREHOUSE.COM INC: Incurs $946,000 Net Loss in 2015
---------------------------------------------------------
Healthwarehouse.com, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss
attributable to common stockholders of $946,536 on $7.01 million of
net sales for the year ended Dec. 31, 2015, compared to 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.

As of Dec. 31, 2015, Healthwarehouse.com had $966,107 in total
assets, $4.84 million in total liabilities and a $3.88 million
total stockholders' deficiency.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, 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.

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

                      http://is.gd/JD0WyX

                    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.


HII TECHNOLOGIES: 'Challenge' Period Extended to March 31
---------------------------------------------------------
HII Technologies Inc.'s official committee of unsecured creditors
has until Thursday, March 31, 2016, to challenge claims of the
company's pre-bankruptcy lenders.

The so-called "challenge deadline" was supposed to expire on March
15 but U.S. Bankruptcy Judge David Jones extended it to March 31.

A prior court order that approved a $12 million loan provided by
McLarty Capital Partners SBIC, LP and Heartland Bank gives the
committee only 90 days from the date of HII Technologies'
bankruptcy filing to challenge claims of the lenders.

The company had asked for a short extension of the deadline as part
of a settlement that was made during a mediation conducted by Judge
Marvin Isgur to resolve a dispute involving the lenders and the ad
hoc committee representing Apache Energy Services' unsecured
creditors.

The ad hoc committee had previously threatened to sue the lenders,
which are the sponsors of the only Chapter 11 plan that the company
believes to be currently viable.

Judge David Jones is scheduled to take up the proposed settlement
on April 15.  The settlement agreement is available without charge
at http://is.gd/AF4i7J

Separately, the bankruptcy judge had earlier approved an agreement
that required HII Technologies to pay $162,296 to the Texas
Comptroller for sales taxes for the period May to September 2015,
according to court filings.  

                      About HII Technologies

HII Technologies, Inc., Apache Energy Services, LLC, Aqua Handling
of Texas, LLC, Hamilton Investment Group, Inc., and Sage Power
Solutions, Inc., filed Chapter 11 bankruptcy petitions (Bankr. S.D.
Tex. proposed lead case No. 15-60070) on Sept. 18, 2015.  Judge
David R Jones is assigned to the cases.

HII Technologies (HIITQ) is a publicly-traded oilfield services
company which entered the hydraulic fracturing water management
business via acquisition of Apache Energy Services dba AES Water
Solutions in September 2012.

HII Technologies currently has only one employee, its CEO, Matt
Flemming.

HII Technologies reported assets of $17.6 million and liabilities
of $26.5 million as of July 31, 2015.

The Debtors tapped McKool Smith P.C. as counsel, and Stout Risius
Ross, Inc. for management and restructuring services.

On Sept. 29, 2015, Power Reserve Corp., Bold Production Services
LLC, and Black Gold Energy LLC were appointed to serve on its
official committee of unsecured creditors.  On Oct. 7, Black Gold
was replaced by Worldwide Power Products LLC.  The Official
Committee is represented by W. Steven Bryant, Esq., and Elizabeth
M. Guffy, Esq., at Locke Lord LLP.

Unsecured Creditors of Debtor Apache Energy Services, LLC, have
formed their own group.  The Ad Hoc Committee of AES Unsecured
Creditors is represented by Leonard H. Simon, Esq., at Pendergraft
& Simon, L.L.P.; and Joan Kehlhof, Esq., at Wist Holland & Kehlhof.


HORSEHEAD HOLDING: Akin Gump, Ashby Represent Noteholders' Group
----------------------------------------------------------------
The Ad Hoc Secured Noteholder Committee in the Chapter 11 cases of
Horsehead Holding Corp., et al., submitted a verified statement
pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure
disclosing that they had engaged:

   1. Akin Gump Strauss Hauer & Feld LLP on Jan. 13, 2016, and

   2. Ashby & Geddes, P.A., on Jan. 26, 2016 to represent them in
connection with a potential restructuring of the Debtors.

The Ad Hoc Secured Noteholder Committee also said that as of Feb.
3, 2016, Akin Gump and Ashby represent only the Ad Hoc Secured
Noteholder Committee and do not represent or purport to represent
any entities other than the Ad Hoc Secured Noteholder Committee in
connection with the Debtors' chapter 11 cases.

The Ad Hoc Secured Noteholder Committee is composed of certain
holders of (i) 10.50% Senior Secured Notes due 2017 issued by
Horsehead Holding Corp., and (ii) 9.00% Senior Notes due 2017
issued by Horsehead Holding Corp, which holders are also the
lenders under a proposed senior secured superpriority
debtor-in-possession financing facility.

The Committee members are:

   1. Greywolf Capital Management LP
      on behalf of certain managed funds
      4 Manhattanville Road, Suite 201
      Purchase, NY 10577

   2. Hotchkis & Wiley Capital Management
      725 South Figueroa Street, 39th Floor
      Los Angeles, CA 90017-5439

   3. Lantern Capital Partners, LP
      300 Crescent Court
      Dallas, TX 75201
   
   4. MAK Capital
      590 Madison Avenue, 24th Floor
      New York, NY 10022

   5. Pine River Capital Management
      601 Carlson Pkwy, 7th Floor
      Minnetonka, MN 55305

   6. Trishield Capital Management
      540 Madison Avenue, 14th Floor
      New York, NY 10022

The firms representing the Committee can be reached at:

         William P. Bowden, Esq.
         Gregory A. Taylor, Esq.
         Karen B. Skomorucha Owens, Esq.
         ASHBY & GEDDES, P.A.
         500 Delaware Avenue, 8th Floor
         P.O. Box 1150
         Wilmington, DE 19899
         Tel: (302) 654-1888
         Fax: (302) 654-2067
         E-mails: wbowden@ashby-geddes.com
                  gtaylor@ashby-geddes.com
                  kowens@ashby-geddes.com

         Michael S. Stamer, Esq.
         Meredith A. Lahaie, Esq.
         Rebecca A. Wirakesuma, Esq.
         AKIN GUMP STRAUSS HAUER & FELD LLP
         One Bryant Park
         New York, NY 10036
         Tel: (212) 872-1000
         Fax: (212) 872-1002
         E-mail: mstamer@akingump.com
                 mlahaie@akingump.com
                 rwirakesuma@akingump.com

                  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.


HYDROCARB ENERGY: Cuts All Ties with Infinity Fund
--------------------------------------------------
As previously disclosed on its Form 8-K filed with the Securities
and Exchange Commission on March 14, 2016, Hydrocarb Energy Corp.
entered into a special private placement agreement with Infinity
Fund LLC on March 9, 2016.  However, for reasons unknown to the
Company, Infinity and its principal have stopped responding to the
Company since March 16, 2016.  As a result, the Company has decided
to terminate any and all relationships with Infinity as of March
21, 2016.  

On March 22, 2016, the Company retained the law firm of Okin &
Adams LLP as counsel to the Company to explore different
re-organization and re-financing possibilities.
  
                     About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Hydrocarb Energy reported a net loss of $12.6 million on $3.94
million of revenues for the year ended July 31, 2015, compared to a
net loss of $6.55 million on $5.06 million of revenues for the year
ended July 31, 2014.

As of Jan. 31, 2016, Hydrocarb had $25.39 million in total assets,
$28.85 million in total liabilities and a $3.46 million total
stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended July 31, 2015, citing that the Company has suffered recurring
losses from operations, which raises substantial doubt about its
ability to continue as a going concern.


INFINITY ENERGY: Delays Filing of 2015 Annual Report
----------------------------------------------------
Infinity Energy Resources, Inc., filed with the U.S. Securities and
Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its annual report on Form 10-K for the year ended Dec.
31, 2015.  The Company said it is in the process of completing its
audited financial statements, and believes that the subject Annual
Report will be available for filing on or before April 14, 2016.

The Company anticipates that its results of operations for the year
ended Dec. 31, 2015, will reflect a larger net loss compared to the
$3,681,525 net loss for the year ended Dec. 31, 2014.  The Company,
however, is presently unable to make a reasonable estimate of the
quantity of the anticipated change.

The net loss for the year ended Dec. 31, 2014, did not include any
impairment charges.  For the year ended Dec. 31, 2015, management
believes that it will impair its investment in the oil and gas
properties related to its Nicaraguan Offshore Concessions primarily
due to technical defaults under the Concession
Agreements and the current environment in general for oil and gas
development projects in particular for projects in otherwise
unproven regions of the world such as Nicaragua.  The Company's
investment in its Nicaraguan oil and gas properties totalled
$9,628,098 as of Dec. 31, 2014, but the Company is presently unable
to quantify the magnitude of those impairments to be reflected in
operations for the year ended Dec. 31, 2015, if recognized.  Any
such impairment would be recorded as an expense in our financial
statements to be included in the Form 10-K and could significantly
impact its results of operations.  Finally, due to the Company's
liquidity position, its auditors have informed that their opinion
will include a going concern qualification.

                      About Infinity Energy

Overland Park, Kansas-based Infinity Energy Resources and its
subsidiaries, are engaged in the acquisition and exploration of
oil and gas properties offshore Nicaragua in the Caribbean Sea.

In its report on the consolidated financial statements for the
year ended Dec. 31, 2014, RBSM, LLP, expressed substantial doubt
about the Company's ability to continue as a going concern, citing
that the Company has suffered recurring losses, has no on-going
operations, and has a significant working capital deficit.

The Company reported a net loss of $3.68 million for the year ended
Dec. 31, 2014, compared with a net loss of $2.43 million during the
prior year.

As of Sept. 30, 2015, the Company had $9.71 million in total
assets, $13.6 million in total liabilities and a total
stockholders' deficit of $3.85 million.


INTERNATIONAL TEXTILE: Incurs $14,000 Net Loss in 2015
------------------------------------------------------
International Textile Group, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K reporting a net
loss attributable to common stock of $14,000 on $610.40 million of
net sales for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stock of $15.40 million on $595.44 million
of net sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, International Textile had $309.40 million in
total assets, $359.46 million in total liabilities and a $50.06
million total stockholders' deficit.

The Company has a significant amount of debt outstanding and will
require substantial cash flows to service this debt in future
periods.  A substantial portion of the Company's debt, $73.4
million at Dec. 31, 2015, is payable by various of the Company's
subsidiaries organized in foreign jurisdictions and is non-recourse
to the ITG parent company.  In addition, a substantial portion of
the Company's debt, $181.4 million at Dec. 31, 2015, is payable to
related parties, namely certain entities affiliated with WLR LLC,
with a maturity date of June 30, 2019.

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

                      http://is.gd/ZxDFaF

                  About International Textile

International Textile Group, Inc., is a global, diversified
textile manufacturer headquartered in Greensboro, North Carolina,
with current operations principally in the United States, China,
Mexico, and Vietnam.  ITG's long-term focus includes the
realization of the benefits of its global expansion, including
reaching full production at ITG facilities in China and Vietnam,
and continuing to seek other strategic growth opportunities.


ISTAR INC: Offering $275 Million Senior Notes Due 2021
------------------------------------------------------
iStar Inc. filed with the Securities and Exchange Commission a free
writing prospectus relating to the offering of $275,000,000 6.50%
senior notes due 2021.

The company will use the net proceeds from the offering to redeem
and repay in full the approximately $265 million aggregate
principal amount outstanding of its 3.875% Senior Notes due July
2016, repay a portion of the indebtedness outstanding under the
2015 Revolving Credit Agreement and pay related expenses

The Senior Notes will mature on July 1, 2021.  Interest on the
Notes are payable semi-annually on January 1 and July 1, commencing
July 1, 2016.

Joint Bookrunners: J.P. Morgan Securities LLC
                   Barclays Capital Inc.
                   Merrill Lynch, Pierce, Fenner & Smith
                      Incorporated
                   Wells Fargo Securities, LLC

A full-text copy of the free writing prospectus is available at:

                        http://is.gd/1UGUsw

                          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.

iStar Inc. reported 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.

                            *     *     *

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.


JACKSON MASONRY: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Jackson Masonry, LLC
        1200 49th Avenue North
        Nashville, TN 37209

Case No.: 16-02065

Chapter 11 Petition Date: March 24, 2016

Court: United States Bankruptcy Court
       Middle District of Tennessee (Nashville)

Judge: Hon. Keith M Lundin

Debtor's Counsel: Griffin S Dunham, Esq.
                  DUNHAM HILDEBRAND, PLLC
                  1704 Charlotte Avenue, Suite 105
                  Nashville, TN 37203
                  Tel: 615-933-5850
                  E-mail: griffin@dhnashville.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Rogers Jackson, member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/tnmb16-02065.pdf


JOHN JAHRLING: Exception Stops Discharge of Malpractice Judgment
----------------------------------------------------------------
Joan C. Rogers, writing for Bloomberg Brief, reported that the U.S.
Court of Appeals for the Seventh Circuit held on March 18 that in
the bankruptcy case of John C. Jahrling that a lawyer can't free
himself of a malpractice judgment through bankruptcy where his
egregious breaches of duty to the client amounted to recklessness.

In this case, Jahrling acted as an attorney for a client who was
selling his home.  Because of language barriers, Jahrling could not
communicate with his client except through the attorney for the
buyers, the adverse parties in the sale.  The result was that
Jahrling's client, an elderly man who could not speak English, sold
his home for a pittance and then faced eviction from what he
thought would be his home for
the rest of his life.  The Seventh Circuit agreed with the
bankruptcy court and the district court that Jahrling's egregious
breaches of his fiduciary duty to his client were reckless and that
the resulting legal malpractice judgment is not dischargeable in
bankruptcy.

According to the report, the lawyer's misfeasance amounted to
"defalcation while acting in a fiduciary capacity" which under
federal law prevents discharge of a debt in bankruptcy, Judge David
F. Hamilton said for the court.  The lawyer's gross deviations from
professional conduct rules were properly used as evidence of his
recklessness, Judge Hamilton said, the report related.

The case spotlights an additional risk for lawyers whose actions go
far outside normal professional standards: If they're sued they may
not be able to escape the malpractice judgment via bankruptcy, the
report noted.  A debt is excepted from discharge in bankruptcy
under Bankruptcy Code Section 523(a)(4) if it is attributable to
the debtor's "defalcation while acting as a fiduciary," the report
further noted.

The appeals case is ESTATE OF STANLEY CORA, Plaintiff-Appellee, v.
JOHN C. JAHRLING, Defendant-Appellant, Case No. 15-2252 (7th
Circ.), relating to IN RE: JOHN C. JAHRLING, Debtor.

A full-text copy of the Decision is available at
http://bankrupt.com/misc/JAHRLING031816.pdf


JW RESOURCES: Court Denies U.S. Trustee's Conversion Bid
--------------------------------------------------------
Judge Gregory R. Schaaf of the U.S. Bankruptcy Court for the
Eastern District of Kentucky, Lexington Division, having considered
the options and arguments raised by parties in an evidentiary
hearing to resolve the issue on the Designated Representative's
motion for authority to proceed with the Joint Chapter 11 Plan, and
the U.S. Trustee's Emergency Motion to Appoint a Chapter 11 Trustee
or to Convert to Chapter 7, ordered among other things, that:

(1) The evidentiary hearing scheduled for March 2, 2016 is
remanded.

(2) The Debtors' exclusivity period currently extended through
March 10, 2016, to solicit votes is terminated.

(3) The United States Trustee's Emergency Motion and the Bayside
Entities' Motion to Convert are denied.

After JW Resources Inc. filed its Plan and Disclosure Statement,
the Board adopted a resolution requiring the Designated
Representative to withdraw the Plan and Disclosure Statement.
Based on this withdrawal of authority and the resulting impasse
between the Debtors' Board of Directors and the Debtors' Designated
Representative, the U.S. Trustee filed a Conversion Motion
asserting that cause exists based on the Debtors' gross
mismanagement of the Estate because of the Debtors' inability to
investigate potential litigation.  The U.S. Trustee considers
appointment of a Chapter 11 trustee, or conversion of these cases
to one under Chapter 7 in order to avoid pitfalls from an uncertain
outcome of the current and future corporate governance litigation.

The Bayside Entities -- Bayside JW Resources, LLC and Bayside
Capital, Inc. -- asserted that although a Chapter 11 Trustee may
eliminate the current dispute over a single instance of disputed
corporate governance, it will not remedy all the other remaining
issues regarding continued litigation over plan formulation and
confirmation which will only result in additional administrative
costs and diminution of the Estate, thus further depleting whatever
resources exist for distribution to creditors.  The Bayside
Entities added that the Debtors are proposing a liquidating plan
that provides for a liquidating trustee to do the exact same thing
that the Chapter 7 Trustee can do, and thus, conversion to Chapter
7 is but the appropriate remedy to avoid such additional costs and
expenses.

The Debtors and the Official Committee of Unsecured Creditors, in
response, contend that certain of the Board members are employed by
the Bayside Entities, who have attempted to highjack the proposed
plan process for their own benefit and the benefit of their
employers, at the expense and to the detriment of all other
constituencies with an interest in the Debtors' estates.  The
Resolution, which the Bayside Entities have sought to enforce in
its Objection, directs the Debtors' Designated Representative to
only move forward with a proposed plan that releases all potential
claims against the Bayside Entities without further investigation
in exchange for a claim reduction that amounts to no distribution
to general unsecured creditors.  Likewise, the Bayside Entities
have sought to capitalize on the U.S. Trustee's Motion for
conversion and using it as another means to try to derail the
Debtors' and the Committee's efforts to propose a viable plan.  The
Conflicted Board Members' conduct in abusing their positions and
preferring their employers at the expense of every other creditor
in these Bankruptcy Cases should not be permitted, the Debtors and
the Committee argued.

Accordingly, the Debtors and the Committee asked the Court to
exercise its authority and order that the Resolution is of no force
and effect and the Designated Representative has authority to
obtain approval of the Joint Disclosure Statement and solicit votes
on the proposed Joint Plan of Liquidation due to the conflict of
interest stated in the Resolution and existing on the Debtors’
Board.

Debtors and Debtors-In-Possession are represented by:

     Paige L. Ellerman, Esq.
     FROST BROWN TODD LLC
     3300 Great American Tower
     301 East Fourth Street
     Cincinnati, Ohio 45202
     Telephone: (513) 651-6800
     Facsimile: (513) 651-6981
     E-mail: pellerman@fbtlaw.com

     -- and --

     Adam R. Kegley, Esq.
     FROST BROWN TODD LLC
     250 West Main Street, Suite 2800
     Lexington, Kentucky 40507
     Telephone: (859) 231-0000
     Facsimile: (859) 231-0011
     E-mail: akegley@fbtlaw.com

The Official Committee of Unsecured Creditors is represented by:

     T. Kent Barber, Esq.
     BARBER LAW PLLC
     2200 Burrus Drive
     Lexington, KY 40513
     Telephone: (859) 296-4372
     Email: kbarber@barberlawky.com

     -- and --

     Thomas R. Schuck, Esq.
     W. Timothy Miller, Esq.
     Casey Cantrell Swartz, Esq.
     TAFT, STETTINIUS & HOLLISTER, LLP
     425 Walnut Street, Suite 1800
     Cincinnati, OH 45202
     Telephone: (513) 357-9452
     Facsimile: (513) 381-0205
     Email: schuck@taftlaw.com
            miller@taftlaw.com
            cswartz@taftlaw.com

Samuel K. Crocker, United States Trustee is represented by:

     John L. Daugherty, Esq.
     Assistant U.S. Trustee
     Bradley M. Nerderman, Esq.
     Trial Attorney
     OFFICE OF THE U.S. TRUSTEE
     100 E. Vine St., Suite 500
     Lexington, KY 40507
     Telephone: (859) 233-2822

Bayside JW Resources, LLC and Bayside Capital, Inc. are represented
by:

     Mary Elisabeth Naumann, Esq.
     Jay E. Ingle, Esq.
     JACKSON KELLY PLLC
     175 E. Main Street, Ste. 500
     Lexington, Kentucky 40507
     Telephone: (859) 255-9500
     Email: mnaumann@jacksonkelly.com
            jingle@jacksonkelly.com

          About JW Resources

JW Resources Inc. and its subsidiaries are U.S. producers of
thermal coal with mineral reserves, mining operations and coal
properties located in the Central Appalachian ("CAPP") regions of
Kentucky. JW acquired the thermal coal mining operations of Xinergy
in eastern Kentucky for $47.2 million in February 2013. JW's
business operations comprise what is known as the "Straight Creek"
operations located in Bell, Leslie and Harlan Counties, Kentucky,
and the "Red Bird" operations located in Bell, Leslie, Knox, and
Clay Counties, Kentucky.  JW Resources is the parent and sole
shareholder of SCRB Properties, Inc., Straight Creek Coal Mining,
Inc. and SCRB Processing, Inc.

JW Resources and its subsidiaries sought Chapter 11 bankruptcy
protection (Bankr. E.D. Ky. Lead Case No. 15-60831) in London,
Kentucky on June 30, 2015.

The Debtors tapped Frost Brown Todd LLC as counsel, and Energy
Ventures Analysis, Inc., as sale advisor.  

JW Resources estimated $1 million to $10 million in assets and $50
million to $100 million in debt.  Straight Creek estimated $10
million to $50 million in assets and $50 million to $100 million in
debt.


LEAPFROG ENTERPRISES: Rejects L&M's Acquisition Proposal
--------------------------------------------------------
L&M Acquisitions, Inc. submitted an unsolicited non-binding
proposal to Leapfrog Enterprises, Inc., on March 22, 2016, to
purchase all of the outstanding Class A and Class B common stock of
the Company for a purchase price of $1.10 per share.

L&M is a newly-formed acquisition vehicle with no operating history
or assets.  The CEO and a stockholder of L&M, Isaac Larian,
provided a support letter from an independent brokerage firm
stating that a family trust of the CEO owns a brokerage account
containing assets with a current value in excess of $80 million.  

On March 23, 2016, L&M also submitted forms of a proposed agreement
and plan of merger and tender and support agreement, each marked to
show changes proposed to be made to the Merger Agreement and Tender
and Support Agreement signed with VTech.  Certain changes proposed
to the form of merger agreement, raised significant concerns for
the Board.  L&M also submitted a draft of a limited personal
guarantee by the CEO of specified obligations of L&M under the
draft merger agreement, subject to a cap of $78 million.

Also on March 23, 2016, at the request of the Board and in
accordance with the terms of the Merger Agreement, representatives
of Morrison & Foerster asked L&M's legal counsel to provide certain
additional information solely to clarify and understand the terms
and conditions of the March 22 Proposal.  Morrison & Foerster
expressly advised L&M's legal counsel of the non-solicit
restrictions in the Merger Agreement and that they were not being
contacted to discuss or negotiate the March 22 Proposal.

Also on March 23, 2016, in accordance with the terms of the Merger
Agreement, the Company advised VTech, through its counsel Orrick,
of the receipt of the March 22 Proposal, and provided Orrick with
copies of the documents and letters submitted in connection with
the proposal.

On March 24, 2016, at a special meeting, the Board met with senior
management and representatives of Morrison & Foerster and Morgan
Stanley to discuss the March 22 Proposal.  Representatives of
Morrison & Foerster reviewed the legal standards applicable to the
Board's conduct.  Representatives of Morrison & Foerster also
summarized the terms of the March 22 Proposal and then the Board
discussed the proposal with input from management and
representatives of Morrison & Foerster and Morgan Stanley.

Following deliberations, the Board determined that the March 22
Proposal, in the form received, did not constitute a Superior
Proposal, and would not reasonably be expected to lead to a
Superior Proposal.  In making this determination, the Board
considered a number of factors, including:

   * Issues relating to the timing of any transaction that might
     result from the March 22 Proposal,

   * The certainty that a transaction would be completed under the

     terms of the March 22 Proposal; and

   * Whether the proposed financing of the March 22 Proposal was
     adequate and sufficiently certain,

in each case as compared to the timing, relative certainty of
closing, and sources of available financing in the existing
Transaction with VTech.

The Board concluded that pursuing the March 22 Proposal, as
proposed, at this late date would expose the Company's stockholders
to additional, significant risk of losing the premium implied by
the VTech transaction and the ability to close an alternative
transaction.

Finally, the Board considered the fact that, because the value of a
transaction under the March 22 Proposal would be in excess of $78.2
million, the transaction would be subject to the pre-merger
notification requirements of the HSR Act, presenting a risk of
additional regulatory review that could delay or even prevent
completion of a transaction with L&M.

The Board identified significant doubts concerning the Company's
ability to satisfy the conditions to closing outlined in the merger
agreement proposed by L&M.  The draft merger agreement retained the
$25 million Minimum Net Cash closing condition that was included in
the Merger Agreement with VTech, but changed the measurement date
from March 31, 2016 to a measurement date (anticipated to be May
20, 2016 in the draft merger agreement) close to the anticipated
closing date.  The Company anticipates that it will be able to
satisfy the Minimum Net Cash condition in the Merger Agreement with
VTech.  However, the Company will continue to use cash to fund
operations after March 31, 2016.  Senior management advised the
Board that it was not certain that the Company could satisfy the
same Minimum Net Cash closing condition in mid-May, 2016.  The risk
of failing to satisfy the cash condition would be increased by the
need for the Company to fund payment of the $2.9 million
Termination Fee to VTech if a merger agreement with L&M were
signed, which payment would be the responsibility of the Company
and not L&M.

The Board also identified significant concerns regarding the
adequacy of the financing proposed by L&M in the March 22 Proposal.
The limited personal guaranty of the CEO was capped at $78
million, an amount less than the purchase price of the outstanding
shares of the Company under the March 22 Proposal.  The guaranty
covered only payments due on closing of a transaction, and not any
damage claims that the Company might have against L&M in the event
of a default.  The structure of a guaranty would require the
Company to file a lawsuit against the CEO to recover, as opposed to
seeking relief from an operating company or one with its own
assets.  In addition, the amount of cash included in the assets
identified in the support letter provided by the independent
brokerage firm was not specified, leaving open the possibility that
the value of the asset could decline, or be unrealizable for
liquidity reasons.

                     About LeapFrog Enterprises

Emeryville, California-based LeapFrog Enterprises, Inc. is a
developer of educational entertainment for children.  The company's
product portfolio consists of multimedia learning and reading,
platforms and related content and learning toys.  It has also
developed learning platforms, including the LeapPad family of
learning tablets, the LeapTV educational video game system, the
Leapster family of handheld learning game systems, and the
LeapReader reading and writing systems.

As of Dec. 31, 2015, the Company had $185.46 million in total
assets, $79.01 million in total liabilities and $106.45 million in
total stockholders' equity.

For the nine months ended Dec. 31, 2015, the Company reported a net
loss of $105.61 million compared to a net loss of $142.60 million
for the same period in 2014.

"Due to the seasonality of the Company's business, the results of
operations for interim periods are not necessarily indicative of
the operating results for a full year.  During the third fiscal
quarter, the Company continued to face an uncertain business
environment and a number of fundamental challenges in its business,
including a continued decline in overall tablet sales and related
content, aggressive price competition and loss of shelf space at
retail.  Sales of the Company's LeapTV products and associated
content did not improve in the third quarter to the extent the
Company hoped, despite promotional efforts, including price
reductions, intended to stimulate consumer demand.  In addition,
declines in the overall tablet market overshadowed improvements in
certain product lines such as the Company's new Epic tablet.  The
Company does not believe that these challenging conditions will
improve materially in the next two quarters.  The Company continued
to take steps to reduce costs through such measures as reducing the
size of its workforce and deferring the development of certain new
products.  However, the Company believes that available approaches
to improving its liquidity, such as making changes to vendor terms
and accelerating the collection of receivables, may be unlikely to
compensate for the liquidity impact of its worse than anticipated
performance during the third quarter.  The Company currently
believes that liquidity available to fund its operations during the
first two quarters of fiscal 2017, when its use of cash increases
as it builds inventories and experiences seasonal declines in
revenue, may be insufficient to permit it to continue normal
operations, and there is substantial doubt about the Company's
ability to continue as a going concern," the Company stated in its
quarterly report for the period ended Dec. 31, 2015.


LEHMAN BROTHERS: To Pay Out Additional $1.6-Bil. to Creditors
-------------------------------------------------------------
Patrick Fitzgerald, writing for Dow Jones' Daily Bankruptcy Review,
reported that the team winding down Lehman Brothers Holdings Inc.
said in a March 24 filing with the U.S. Bankruptcy Court in New
York it would be paying $1.6 billion to creditors next week, more
than 7-1/2 years after the investment bank's collapse triggered the
financial crisis.

According to the report, the payout, the ninth since the investment
failed, will bring the total payout in the firm's bankruptcy to
approximately $106.9 billion.  The bulk of the cash -- $78.5
billion -- has gone to pay so-called third-party, or non-Lehman
claims, the report said.

Most the latest payout, some $1.3 billion, is also earmarked for
non-Lehman creditors and is slated to be made March 31, the report
related.

The court filing said its general unsecured creditors, who were
estimated to receive less than 20 cents on the dollar when Lehman's
bankruptcy plan went into effect in early 2012, will have received
more than $100 billion, or more than 35 cents on the dollar, after
the next distribution is completed, the report further related.

The Chapter 11 payment plan for Lehman treats similarly situated
creditors of its subsidiaries better than those of the parent, the
report noted.  General unsecured creditors of Lehman's commodities
unit, for example, will have received about 77 cents on the dollar
following the latest distribution, the report said.

                     About Lehman Brothers

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

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

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

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

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

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

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

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

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

                          *     *     *

In October 2015, Lehman made its eighth distribution to creditors,
bringing Lehman's total distributions to unsecured creditors to
approximately $105.4 billion including (1) $77.2 billion of
payments on account of third-party claims, which includes
non-controlled affiliate claims and (2) $28.2 billion of payments
among the Lehman Debtors and their controlled affiliates.

As of September 2015, the trustee in charge of LBI has returned
around $7.65 billion to the defunct brokerage's unsecured
creditors, a recovery of about 35 cents on the dollar.


LINN ENERGY: LinnCo Holds 36% of LLC Units as of March 22
---------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, LinnCo, LLC reported that as of March 22, 2016, it
beneficially owns 128,544,174 units, representing limited liability
company interests, of Linn Energy, LLC, representing 36 percent of
the Units outstanding.

On March 22, 2016, the board of directors of LinnCo approved the
offer to exchange for each outstanding Unit validly tendered and
not validly withdrawn in the offer, one LinnCo share.  LinnCo
estimates that the total amount of cash required to complete the
Exchange Offer will be approximately $800,000, which consists of
transaction fees and expenses associated with the Exchange Offer.
The offer is not conditioned upon any financing arrangements or
contingencies.

"The purpose of the Exchange Offer is to permit holders of Units to
maintain their economic interest in the Issuer through LinnCo, an
entity that is taxed as a corporation rather than a partnership,
which may allow unitholders of the Issuer to avoid future
allocations of taxable income and loss, including cancellation of
indebtedness income, that could result from future debt
restructurings or other strategic transactions by the Issuer."

A full-text copy of the regulatory filing is available at:

                     http://is.gd/0weeli

                      About Linn Energy

LINN Energy, LLC (NASDAQ: LINE) -- http://www.linnenergy.com/-- is
an oil and natural gas company.  The Company is focused on
acquiring, developing and maximizing cash flow from a portfolio of
oil and natural gas assets.  The Company's properties are located
in the United States, in the Rockies, the Hugoton Basin,
California, east Texas and north Louisiana (TexLa), the
Mid-Continent, the Permian Basin, Michigan/Illinois and south
Texas.

Linn Energy reported a net loss of $4.75 billion on $2.88 billion
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $452 million on $4.98 billion of revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Linn Energy had $9.97
billion in total assets, $10.2 billion in total liabilities and a
$269 million in unitholders' deficit.


                        *     *     *

The Troubled Company Reporter, on Feb. 8, 2016, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based oil and gas exploration and production
(E&P) company Linn Energy LLC to 'CCC' from 'B+'.  S&P also lowered
its corporate credit rating on Berry Petroleum Co. LLC to 'CCC'
from 'B+'.  The outlook is negative.

Linn Energy, LLC carries a 'Caa1' corporate family rating from
Moody's Investors Service.

                        *     *     *

The Troubled Company Reporter, on Feb. 8, 2016, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based oil and gas exploration and production
(E&P) company Linn Energy LLC to 'CCC' from 'B+'.  S&P also lowered
its corporate credit rating on Berry Petroleum Co. LLC to 'CCC'
from 'B+'.  The outlook is negative.

Linn Energy, LLC carries a 'Caa1' corporate family rating from
Moody's Investors Service.


LIQUIDMETAL TECHNOLOGIES: Scott Gillis Quits as Director
--------------------------------------------------------
Scott Gillis resigned as a director of Liquidmetal Technologies,
Inc., on March 24, 2016, according to a regulatory filing with the
Securities and Exchange Commission.  Mr. Gillis did not resign
because of any disagreement with the Company on any matter relating
to the Company's operations, policies or practices.

                  About Liquidmetal Technologies

Based in Rancho Santa Margarita, Cal., Liquidmetal Technologies,
Inc., and its subsidiaries are in the business of developing,
manufacturing, and marketing products made from amorphous alloys.
Liquidmetal Technologies markets and sells Liquidmetal(R) alloy
industrial coatings and also manufactures, markets and sells
products and components from bulk Liquidmetal alloys that can be
incorporated into the finished goods of its customers across a
variety of industries.  The Company also partners with third-
party licensees and distributors to develop and commercialize
Liquidmetal alloy products.

Liquidmetal reported a net loss and comprehensive loss of $7.31
million on $125,000 of total revenue for the year ended Dec. 31,
2015, compared to a net loss and comprehensive loss of $6.55
million on $603,000 of total revenue for the year ended Dec. 31,
2014.

As of Dec. 31, 2015, the Company had $7.27 million in total assets,
$2.88 million in total liabilities and $4.38 million in total
shareholders' equity.

SingerLewak LLP, in Los Angeles, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, stating that the Company has suffered
recurring losses from operations, has negative cash flows from
operations and has an accumulated deficit.  This raises substantial
doubt about the Company's ability to continue as a going concern.


MEDICURE INC: To Announce 2015 Financial Results on March 30
------------------------------------------------------------
Medicure Inc. will release financial results for the fourth quarter
and fiscal year ended Dec. 31, 2015, after market close on
Wednesday, March 30, 2016.  Medicure will hold a conference call
and webcast regarding the results on Thursday, March 31, 2016, at
7:30 a.m. Central Time (8:30 AM Eastern Time).

Conference Call Info:

Topic:  Medicure's Fiscal Year 2015 Results

Call date:  Thursday March 31, 2016

Time: 7:30 a.m. Central Time (8:30 a.m. Eastern Time)

Canada toll-free:  1 (866) 285-7719   (Canada Toll: 1 (647)
317-3076)

United States toll-free:  1 (800) 920-7487  (US Toll: 1 (404)
920-1710)

Passcode:  5987 971 #          

Webcast: This conference call will be webcast live over the
internet and can be accessed from the Medicure investor relations
page at the following: http://www.medicure.com/investors.html  

You may request international country-specific access information
by e-mailing the company in advance.  Management will accept and
answer questions related to the financial results and its
operations during the question-and-answer period at the end of the
conference call.  A recording of the call will be available
following the event at the company's website.

                     About Medicure Inc.

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

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

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


MIDSTATES PETROLEUM: Provides Q4 and 2015 Operational Update
------------------------------------------------------------
Midstates Petroleum Company, Inc., disclosed it is in the process
of finalizing the 2015 annual report on Form 10-K and anticipates
filing with the SEC by March 30, 2016.

The Company will not be hosting an earnings conference call in
connection with its fourth quarter and full-year 2015 results.

Operational Update

During the fourth quarter of 2015, total Company production
averaged 30,890 barrels of oil equivalent (Boe) per day of which
approximately 37% was oil, 22% was natural gas liquids and the
balance was natural gas.  Midstates currently estimates operating
capital expenditures were in the range of $53 million to $55
million for the fourth quarter 2015 and in the range of $282
million to $284 million for the full year.  Additionally, the
Company anticipates adjusted EBITDA (before debt restructuring
costs and advisory fees) for fourth quarter 2015 was in the range
of $70 million to $72 million and $350 million to $352 million for
the year.

Mississippian Lime Update

Production from the Mississippian Lime properties averaged 25,222
Boe per day for the fourth quarter of 2015, a decrease of
approximately 4% compared to third quarter 2015.  Full year 2015
production averaged 26,282 Boe per day, an increase of
approximately 22% over the full year 2014.  Through February 2016,
the Company had 299 wells on production for more than 30 days with
an average peak 30-day production rate of 559 Boe per day.

The Company had three rigs drilling in its Mississippian Lime
horizontal well program in Woods and Alfalfa Counties, Oklahoma for
the entire quarter.  Midstates spud a total of 19 gross wells, of
which seven were producing, 11 were awaiting completion and one was
drilling as of Dec. 31, 2015.  The Company brought 17 fracture
stimulated horizontal wells online during the fourth quarter.

The Company is currently operating one rig in the Mississippian
Lime and plans to continue operating a one rig program in the near
term.  The Company's operating efficiencies continue to reduce well
costs and Midstates' current standard AFE well cost is $2.6
million.  With current standard AFE well cost of $2.6 million,
Midstates is generating rates of return in excess of 25% at strip
pricing as of March 21, 2016.

Anadarko Basin Update

The Company does not currently plan to operate any rigs in the
Anadarko Basin area in the near term.  Due to the commodity price
environment, Midstates' focus in the basin in 2015 was on its
high-return capital and expense workover program designed to offset
some natural production decline and to reduce lease operating
costs.  The Company intends to continue a limited workover program
during 2016.

Midstates did not spud or bring on line any new wells during the
fourth quarter and had no wells awaiting completion on Dec. 31,
2015.  Production for the fourth quarter and full year in the area
averaged 5,668 Boe per day and 6,222 Boe per day, respectively.

Production and Pricing

Production during the fourth quarter of 2015 totaled 30,890 Boe per
day, down 9% from 33,765 Boe per day in the fourth quarter of 2014
and down 5% when compared to 32,609 Boe per day during the third
quarter of 2015.  Fourth quarter 2015 production from the Company's
Mississippian Lime properties contributed roughly 82%, or 25,222
Boe per day, and the Anadarko Basin properties contributed roughly
18%, or 5,668 Boe per day.  Mississippian Lime production declined
from prior periods due to reduced rig activity. Production in the
Anadarko Basin declined from prior periods due to limited capital
activity.

The Company had hedges in place on approximately 1.1 million
barrels of oil, or 12,000 barrels of oil per day, in the fourth
quarter of 2015 at an average price of approximately $71.56 per
barrel.  Additionally, Midstates had gas hedges in place on
approximately 4.6 million British Thermal Units, or 50,000 million
BTUs per day, in the fourth quarter of 2015 at an average price of
approximately $4.13 per million BTUs.  Midstates did not add any
new hedges on its production during the fourth quarter of 2015 and
is currently unhedged for 2016.

Proved Reserves

Midstates estimated proved reserves for year-end 2015 totaled 73.5
million Boe, down 52% from 153.7 MMBoe at year-end 2014.  As a
result of the uncertainty regarding financing the development of
the Company's proved undeveloped reserves within the SEC's five
year window, Midstates reclassified all of its PUDs (approximately
257 locations) scheduled to be drilled after March 31, 2016 to the
probable reserve category.  The Company's year-end 2015 reserves
consisted of 69.1 MMBoe of proved developed and 4.4 MMBoe of proved
undeveloped reserves, which were comprised of 34% oil, 22% NGLs,
and 44% natural gas.  Geographically, 88% are in the Mississippian
(which includes the Mississippian Lime and Hunton properties in
Oklahoma) and 12% are in the Anadarko Basin in Oklahoma and Texas.
At year-end 2015, Midstates' proved reserves, as prepared utilizing
SEC pricing, had a net present value discounted at 10% ("PV10") of
$513 million.  The Company's estimated reserves at year-end 2015
were based on the average oil, NGL, and natural gas prices for each
month, which were $50.28 per barrel ("Bbl"), $17.44 per Bbl, and
$2.59 per million BTUs, compared to $94.99 per Bbl, $39.17 per Bbl,
and $4.35 per million BTUs, respectively, for 2014.

The Company currently estimates its year-end 2015 total technical
reserve base ("3P") to be approximately 307.1 MMBoe, consisting of
162.4 MMBoe of proved (including the volumes attributable to the
PUDs reclassified to probable reserves for SEC purposes as
discussed above), 46.3 MMBoe of probable, and 98.4 MMBoe of
possible reserves.  At March 21, 2016, strip pricing, proved PV-10
value was approximately $785.8 million (of which approximately 30%
related to technically proved undeveloped reserves), probable PV-10
value was approximately $24.0 million, and possible PV-10 value was
approximately $97.9 million.  After applying discount rates typical
for transactions in the oil and gas industry to the 3P value of its
reserves discussed above, and after considering cash on hand and
the estimated fair market value of other assets, the Company
estimates that its unencumbered assets, which primarily consist of
certain fixed assets and proved locations and acreage, represent
approximately 1% of this total asset value.

Liquidity

Beginning Feb. 4, 2016, Midstates borrowed approximately $249
million under the Company's revolving credit facility, which
represented the remaining undrawn amount that was available under
the credit facility.  As of March 23, 2016, following the funding
of this borrowing, the aggregate principal amount of borrowings
under the credit facility were approximately $252 million,
including approximately $2.8 million of outstanding letters of
credit, and the Company's cash balance was approximately $317.4
million.

                About Midstates Petroleum Company

Midstates Petroleum Company, Inc. --
http://www.midstatespetroleum.com/-- is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.

Midstates reported net income of $117 million on $794 million of
total revenues for the year ended Dec. 31, 2014, compared to a net
loss of $344 million on $470 million of total revenues for the year
ended Dec. 31, 2013.

As of Dec. 31, 2014, the Company had $2.47 billion in total assets,
$2 billion in total liabilities and $466 million in total
stockholders' equity.

The Company's independent auditor, Deloittee & Touche LLP, in
Houston, Texas, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2014,
citing that Midstates' projected debt covenant violation and
resulting lack of liquidity raise substantial doubt about its
ability to continue as a going concern.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum's 'B3' Corporate Family Rating.


NAKED BRAND: Michael Flanagan Quits as Chief Financial Officer
--------------------------------------------------------------
Michael Flanagan retired as chief financial officer and chief
operating officer of Naked Brand Group Inc. effective March 17,
2016.  According to a regulatory filing with the Securities and
Exchange Commission, Mr. Flanagan's retirement was coordinated with
the appointment of Naked's Vice President of Finance, Kai-Hsiang
Lin, to ensure a timely and efficient transition of financial
management and administrative responsibilities.

In connection with his retirement, Naked entered into a separation
agreement with Mr. Flanagan, dated March 17, 2016, pursuant to
which Mr. Flanagan will receive (i) severance payment equal to
$100,000, which is the equivalent of six months of severance pay,
payable in equal monthly installments and (ii) a payment equal to
accrued and unused vacation time through the Retirement Date.
Additionally, unvested stock options will continue to vest in
accordance with such options' terms and vested options will be
exercisable until 90 days after the Retirement Date at which time
the vested options will expire.

Effective March 22, 2016, and in connection with the retirement of
Mr. Flanagan, Naked's Board of Directors appointed Kai-Hsiang Lin
to serve as Naked's vice president of finance and in the capacity
as Naked's principal financial officer until the earlier of a
successor's appointment or his resignation.

Mr. Lin, age 52, has been an employee of Naked since February 2016.
From March 2014 to February 2016, Mr. Lin was corporate controller
for HVS Global Hospitality Services, a leading consulting and
services organization focused on the hotel, mixed-use, share
ownership, gaming and leisure industries.  From June, 1991 to
February, 2014, Mr. Lin was corporate controller for The Good Stuff
Company, LLC, a distributor and manufacturer of licensed toys and
novelties, and a nationwide toy crane service operator with more
than 200 employees nationwide.  Mr. Lin holds a BBA in Accounting
from the Fu-Jen Catholic University in Taipei, Taiwan, and an MBA
in Computer Information Systems from Baruch College, CUNY, New
York.

As compensation for his services to Naked, Naked has agreed to pay
Mr. Lin a base salary of $140,000 per year.  Mr. Lin will also be
entitled to participate in Naked's employee benefit plans.

                       About Naked Brand

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

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

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

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

                          Going Concern

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


NATIONS INSURANCE: A.M. Best Cuts Issuer Credit Rating to bb
------------------------------------------------------------
A.M. Best has downgraded the financial strength rating to B (Fair)
from B+ (Good) and the issuer credit rating to "bb" from "bbb-" of
Nations Insurance Company (Nations) (Anaheim, CA). The outlook for
both ratings has been revised to negative from stable.

The ratings downgrade and negative outlook are based on a material
decline in Nations' risk-adjusted capitalization in the fourth
quarter of 2015 to below a level supportive of its ratings. This
deterioration was driven by significant premium growth and a
decline of policyholders' surplus.

The ratings and outlook reflect Nations' marginal risk-adjusted
capitalization, recently unfavorable operating performance,
significant fluctuations in premium growth and limited business
profile. These negative rating factors are partially mitigated by
management's local market knowledge of the private passenger
non-standard auto market in California.

Nations' negative rating attributes include historical underwriting
variability, driven in part by significant fluctuations in premium
growth. This was evident in 2015, when the company reported
significant premium growth, and underwriting results, operating
earnings and statutory surplus deteriorated. However, management
has stated that they will be implementing two rate increases in
early 2016, which they expect to slow policy growth and improve
underwriting profitability. In addition, as a single-state
non-standard private passenger auto writer in California, the
company remains susceptible to adverse changes in the judicial,
legislative and economic environments, as well as increased
competition.

Negative rating actions could occur from a further decline in
risk-adjusted capitalization and/or additional deterioration in
operating performance.


NEW GULF RESOURCES: ENXP Asserts Security Interests Valid, Senior
-----------------------------------------------------------------
Energy & Exploration Partners, LLC ("ENXP") filed with the U.S.
Bankruptcy Court for the District of Delaware a complaint for
declaratory judgment against debtor New Gulf Resources, LLC,
MidFirst Bank and The Bank of New York Mellon Trust Company, N.A.

MidFirst Bank is being sued in its capacity as administrative agent
and issuer of letters of credit under a Credit Agreement, dated
June 12, 2014 ("First Lien Administrative Agent").  The Bank of New
York Mellon Trust Company, N.A., is being sued in its capacity as
indenture trustee and collateral agent under the Indenture dated
May 9, 2014 ("Second Lien Administrative Agent").

ENXP is a party to two Joint Operating Agreements ("JOA") with New
Gulf.  New Gulf's obligations under the JOAs are secured by a first
priority security interest granted to ENXP in all of New Gulf's
interests in the Oil and Gas Leases and Oil and Gas Interests in
the Contract Area, as well as in the related personal property and
fixtures.

To perfect its liens and security interests in New Gulf's property,
ENXP contends that it recorded the Model Form Recording Supplement
to Operating Agreement and Financing Statement to each JOA.  ENXP
further contends that on addition to the security interest granted
to it under the JOAs, Texas statutorily grants an automatically
perfected security interest in oil and gas production and the
proceeds therefrom in favor of interest owners, as secured parties,
to secure the obligations of the first purchaser of oil and gas
production.  ENXP asserts that the Texas statute provides it with a
perfected lien in the oil and gas production from the leases
subject to the JOAs and the associated revenues generated
("Production and Proceeds Security Interest").

ENXP timely filed its proof of claim in New Gulf's bankruptcy case
("Claim"), asserting a secured claim of at least $15 million.
ENXP's Claim is based on two distinct claims against New Gulf–one
for unpaid working interests and one for damages related to New
Gulf's purchase, operation and subsequent sale of a gas gathering
system without providing ENXP an opportunity to participate and a
proportionate share of the revenues therefrom.  As both claims are
based on breaches of the JOAs, both are also secured by ENXP's
valid, perfected security interests under the JOAs.

ENXP tells the Court that it is entitled to a judgment declaring:

     (a) that its liens and security interests in the JOA
Collateral and the Production and Proceeds Security Interest are
valid, perfected and otherwise unavoidable as of the Petition Date,
and secure an allowed secured claim arising under the JOAs pursuant
to 28 U.S.C. Sections 2201 and 2202; and

     (b) that its liens and security interests in the JOA
Collateral and ENXP's Production and Proceeds Security Interest are
senior to and have priority over the Prepetition Lenders'
Prepetition Liens pursuant to 28 U.S.C. Sections 2201 and 2202.

Energy & Exploration Partners, LLC, is represented by:

          Robert J. Dehney, Esq.
          Andrew R. Remming, Esq.
          Erin R. Fay, Esq.
          MORRIS, NICHOLS, ARSHT & TUNNEL LLP
          1201 North Market Street, 16th Floor
          P.O. Box 1347
          Wilmington, DE 19899
          Telephone: (302)658-9200
          Facsimile: (302)658-3989
          E-mail: rdehney@mnat.com
                  aremming@mnat.com
                  efay@mnat.com

                     About New Gulf Resources

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

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

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


NEWBURY COMMON: Dechert, et al., Also Represent Additional Debtors
------------------------------------------------------------------
The Hon. Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware issued a supplemental joint administration
order in the Chapter 11 cases of Newbury Common Associates, LLC, et
al., holding that all orders entered related to the retention of
Dechert LLP, Young Conaway Stargatt & Taylor, LLP, Anchin Block &
Anchin LLP, and Beilinson Advisory Group will apply with respect to
the additional Debtors' cases.

In the previous order, the Court directed the joint administration
of the cases for procedural purposes only, and will not be a
substantive consolidation of the respective cases.  Cases will be
administered under Case No. 15-12507.

                 About Newbury Common Associates

Newbury Common Associates, LLC, et al., comprise a corporate
enterprise that owns a diverse portfolio of high quality,
distinctive commercial, hospitality and residential properties with
an aggregate of approximately 800,000 square feet located primarily
in Stamford, Connecticut.

On Dec. 13, 2015, Newbury Common Associates, LLC, and 13 affiliates
each commenced a voluntary case (Bankr. D. Del. Lead Case No.
15-12507) under chapter 11 of the Bankruptcy Code, and on Dec. 14,
Tag Forest LLC commenced a Chapter 11 case (collectively, "Original
Debtors").  On Feb. 3, 2016, Newbury Common Member Associates, LLC
and 8 affiliates commenced a voluntary case under chapter 11 of the
Bankruptcy Code; and then on Feb. 4, 88 Hamilton Avenue Associates,
LLC filed a Chapter 11 petition (collectively "Additional
Debtors").

Seaboard Realty, LLC, its principals or entities it manages serve
as the manager under the operating agreements for each of the
Debtors and is owned 50% by John J. DiMenna, Jr., 25% by Thomas L.
Kelly, Jr. and 25% by William A. Merritt, Jr.  The Original
Debtors other than Seaboard Residential, LLC, Tag, and Newbury
Common Associates, LLC, are holding companies whose assets are
substantially comprised of the equity of the Property Owner
Debtors.  The Debtors' eight operating property are owned by the
"Property Owner Debtors", namely Century Plaza Investor Associates,
LLC; Seaboard Hotel Associates, LLC; Seaboard Hotel LTS Associates,
LLC; Park Square West Associates, LLC; Clocktower Close Associates,
LLC; One Atlantic Investor Associates, LLC; 88 Hamilton Avenue
Associates, LLC; 220 Elm Street I, LLC; 300 Main Street Associates,
LLC; and Seaboard Residential, LLC.

The Original Debtors' chapter 11 cases are being jointly
administered pursuant to an order entered Dec. 18, 2015.  The
Debtors later won approval of a supplemental motion seeking joint
administration of the Additional Debtors' Chapter 11 cases with
the cases of the Original Debtors for procedural purposes only.

As of Jan. 7, 2016, the Debtors had incurred purported aggregate
funded secured indebtedness of approximately $177.2 million in
principal, including approximately $150.4 million of property-level
secured debt and approximately $26.8 million of purported and
allegedly unauthorized mezzanine debt.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and
Dechert LLP as attorneys, and Donlin Recano as claims and noticing
agent.


NORANDA ALUMINUM: Court Issues Final Order Allowing DIP Financing
-----------------------------------------------------------------
Judge Barry S. Schermer of the U.S. Bankruptcy Court for the
Eastern District of Missouri, Southeastern Division, issued a final
order authorizing debtors Noranda Aluminum, Inc., et al., to obtain
postpetition financing.

The Debtors sought for authorization to obtain postpetition
financing consisting of:

     (a) a superpriority, secured asset-based revolving credit
facility in the principal amount of $130,000,000 ("ABL DIP
Facility" from Bank of America, N.A., in its separate capacities as
administrative and collateral agent ("ABL DIP Agent") and as
lender, and certain other financial institutions ("ABL DIP
Lenders"), and

     (b) a superpriority, multiple-draw secured term loan facility
in an aggregate principal amount of up to $35,000,000, in the form
of Initial Term Loans and Delayed Draw Term Loans ("Term DIP
Facility") from Cortland Capital Market Services, LLC, in its
separate capacities as administrative and collateral agent ("Term
DIP Agent"), and certain lenders ("Term DIP Lenders").

Prepetition, the Debtors entered into an ABL Credit Agreement
("Pre-Petition ABL Loan Agreement") with certain financial
institutions, in their capacity as lenders ("Pre-Petition Lenders")
and Bank of America, as administrative and collateral agent
("Pre-Petition ABL Agent"), where a revolving credit facility was
established and letters of credit were issued for the domestic
Debtors, in the aggregate principal amount up to $250,000,000.

The Debtors also entered into a Credit Agreement ("Pre-Petition
Term Loan Agreement") with certain financial institutions in their
capacity as lenders ("Pre-Petition Term Lenders") and Cortland
Capital Market Services, LLC, in its separate capacities as
administrative agent and collateral agent for the Pre-Petition Term
Lenders ("Pre-Petition Term Agent"), where term loans were made to
Noranda Aluminum Acquisition Corp. ("Term Borrower") in an original
aggregate principal amount of up to approximately $485,000,000.

As of the Petition Date, the Pre-Petition Obligors were jointly and
severally indebted and liable:

   (a) under the Pre-Petition ABL Loan Documents to Pre-Petition
ABL Credit Parties for revolving credit loans in the approximate
principal amount of $61,500,000, for fees, expenses, and other
charges associated with depository accounts and other banking
products and services, and on a contingent basis in the approximate
amount of $44,900,000 in face amount of standby letters of credit;
and

   (b) under the Pre-Petition Term Loan Documents to the
Pre-Petition Term Credit Parties for term loans in the approximate
principal amount outstanding as of the Petition Date of
$468,098,674.

Judge Schermer acknowledged that an immediate and ongoing need
exists for the Debtors to obtain the DIP Financing in order to
permit, among other things, the orderly continuation of the
operation of their businesses, to maintain business relationships
with vendors, suppliers and customers, to pay payroll obligations,
to satisfy other working capital and operational needs so as to
maximize the value of their respective businesses and assets as
debtors in possession under Chapter 11 of the Bankruptcy Code.   He
further acknowledged that the Debtors do not have sufficient
available resources of working capital to operate their businesses
in the ordinary course without postpetition financing.  Judge
Scherner added that the Debtors' ability to maintain business
relationships with vendors and customers, to pay employees, and
otherwise to fund operations is essential to the Debtors' viability
and preservation of the going concern value of their businesses.

The ABL DIP Lenders' willingness to make ABL DIP Credit Extensions
and the Term DIP Lenders' willingness to make Term DIP Credit
Extensions are conditioned upon, among other things, the
following:

     (i)  the Debtors obtaining Court approval to enter into the
DIP Loan Agreements and all of the obligations of the Debtors and
all rights and remedies of the DIP Credit Parties thereunder;

     (ii)  the Debtors' provision of the adequate protection
provided for in the Financing Orders of the Pre-Petition Credit
Parties' interests in the Pre-Petition Collateral pursuant to
Sections 361 and 363 of the Bankruptcy Code; and

     (iii) (x) the ABL DIP Agent receiving, on behalf of the ABL
DIP Credit Parties and as security for the prompt payment of all
ABL DIP Loans made by the ABL DIP Credit Parties, perfected
security interests in and liens upon, each Debtor's pre-petition
and post-petition real and personal property("ABL DIP Collateral"),
provided that the ABL DIP Collateral shall only include, in the
case of pledged equity interests of Noranda Bauxite Ltd. ("Jamaican
Borrower"), 65% of the equity interests in the Jamaican Borrower
and shall not include the additional 35% of such equity interests
("Additional NBL Equity Interests") that comprise a part of the
Term DIP Collateral; and

           (y) the Term DIP Agent receiving, on behalf of the Term
DIP Credit Parties and as security for the prompt payment of all
Term DIP Loans (except Term DIP Loans to the Jamaican Borrower)
made by the Term DIP Credit Parties, perfected security interests
in and liens upon all of Debtors' pre-petition and post-petition
real and personal property ("Term DIP Collateral").

A full-text copy of the Final DIP Order dated March 11, 2016, is
available at http://is.gd/t68UqK

                      About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. 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 cases.

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: Objections Filed, Auction Moved to June 2
-----------------------------------------------------------

The Pension Benefit Guaranty Corporation and the Official Committee
of Unsecured Creditors filed with the U.S. Bankruptcy Court for the
Eastern District of Missouri, Southern Division, their respective
objections to debtors Noranda Aluminum, Inc., et. al.'s motion to
establish bidding procedures for the sale of their Downstream
business, as well as the approval of the sale of the Downstream
business.

"PBGC objects to the Motion because the proposed Bidding Procedures
fail to take into account the possibility that a Qualified Bidder
may wish to assume the defined benefit pension plans sponsored by
the Debtors.  Similarly, the Bidding Procedures fail to expressly
provide that the Debtors will credit the value of any pension
liabilities assumed when determining the highest and best bid.
Further, the Bidding Procedures reserve certain rights to a
Stalking Horse Agreement that does not exist.  Last, the truncated
sale timeline and the lack of any meaningful marketing of the
Debtors' property suggest that this is not a sale process with the
proper goal to obtain the highest price or greatest overall benefit
possible for the estate.  Consequently, more time must be allocated
to this process if a truly robust sale process is to occur," the
PBGC avers.

The PBGC tells the Court that it will communicate its concerns with
the Bidding Procedures to the Debtors and provide the Debtors with
proposed language regarding assumption of the defined benefit
pension plans.  PBGC hopes that a consensual resolution of its
objection is possible and that it filed its objection because such
resolution may not be reached before the March 21, 2016 hearing.

The Creditors Committee relates that the Debtors have advised it
that the deadlines set forth in the proposed Bidding Procedures
Order and the Bidding Procedures will be extended in light of the
extension of the Milestones in the Court's Final DIP Order.  The
revised deadlines are as follows:

                                          Date
                                          ----
          Final Bid Deadline           May 26, 2016
          Sale Objection Deadline      May 31, 2016
          Auction                      June 2, 2016
          Sale Hearing                 June 7, 2016
          Target Closing Date         June 30, 2016

"To the extent that any revised Bidding Procedures Order does not
extend the Sale Deadlines to at least the above dates, the
deadlines are unreasonably short under any standard because, in a
case of this size and operational complexity, they unduly restrict
the ability of bidders, particularly bidders who were recently
invited to join the sale process, to conduct due diligence, secure
financing and take other measures to analyze and review the
Debtors' business, all of which are required to formulate a bid...

Accordingly, unless these deficiencies are remedied, the Bidding
Procedures Order should not be approved," the Official Committee
contends.

The Creditors Committee asserts that the Bidding Procedures should
be amended to require, among others, the following:

     (a) The Debtors to exercise their right to take any and all
actions necessary or appropriate to implement the Bidding
Procedures, in their reasonable discretion, in consultation with
the Committee;

     (b) The Debtors to exercise their right to conduct and
implement the Auction, in the reasonable discretion of the Debtors
in consultation with the Committee;

     (c) The Debtors to determine the parties entitled to attend
the Auction, in the reasonable discretion of the Debtors in
consultation with the Committee;

     (d) Consultation with the Committee regarding the holding of
claimed Cure Amount in reserve pending further order of the Court
or mutual agreement of the parties if a contract counter-party
objects solely to Cure Amount;

     (e) Consultation with Committee regarding whether a Bid
includes reasonably acceptable written evidence demonstrating
appropriate corporate authorization to consummate the proposed Sale
Transaction.

The Pension Benefit Guaranty Corporation is represented by:

         Michael I. Baird, Esq.
         Thea D. Davis, Esq.
         PENSION BENEFIT GUARANTY CORPORATION
         1200 K Street, N.W.
         Washington, D.C. 20005
         Telephone: (202)326-4020 ext. 6222
         Facsimile: (202)326-4112
         E-mail: baird.michael@pbgc.gov
                 efile@pbgc.gov

The Official Committee of Unsecured Creditors is represented by:

         Kenneth A. Rosen, Esq.
         Sharon L. Levine, Esq.
         Jeffrey D. Prol, Esq.
         Scott Cargill, Esq.
         LOWENSTEIN SANDLER LLP
         65 Livingston Avenue
         Roseland, NJ 07068
         Telephone: (973)597-2500
         Facsimile: (973)597-2400
         E-mail: krosen@lowenstein.com
                 slevine@lowenstein.com
                 jprol@lowenstein.com
                 scargill@lowenstein.com

                - and -

          Bruce S. Nathan, Esq.
          David M. Banker, Esq.
          LOWENSTEIN SANDLER LLP
          1251 Avenue of the Americas
          New York, NY 10020
          Telephone: (212)262-6700
          Facsimile: (212)262-7402
          E-mail: bnathan@lowenstein.com
                  dbanker@lowenstein.com

                - and -

          Lisa A. Epps, Esq.
          SPENCER FANE LLP
          1000 Walnut Street, Suite 1400
          Kansas City, MO 64106
          Telephone: (816)474-8100
          Facsimile: (816)474-3216
          E-mail: lepps@spencerfane.com

                - and -

          Sherry K. Dreisewerd, Esq.
          Eric C. Peterson, Esq.
          Ryan C. Hardy, Esq.
          SPENCER FANE LLP
          1 N. Brentwood Boulevard
          Suite 1000
          St. Louis, MO 63105
          Telephone: (314)863-7733
          Facsimile: (314)862-4656
          E-mail: sdreisewerd@spencerfane.com
                  epeterson@spencerfane.com
                  rhardy@spencerfane.com

                      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, the chief financial officer.  Judge Barry S. Schermer is
assigned to the cases.

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.


OKLAHOMA FARM: A.M. Best Hikes Financial Strength Rating to B
-------------------------------------------------------------
A.M. Best has upgraded the financial strength rating to B (Fair)
from B- (Fair) and the issuer credit rating to "bb+" from "bb-" for
the members of the Oklahoma Farm Bureau Group: Oklahoma Farm Bureau
Mutual Insurance Company and its wholly owned subsidiary,
AgSecurity Insurance Company, collectively referred to as Oklahoma
Farm Bureau. The outlook for the ratings has been revised to
positive from stable. All companies are domiciled in Oklahoma City,
OK.

The upgrade of the ratings reflects Oklahoma Farm Bureau's improved
underwriting results and surplus appreciation. As a result,
operating performance has been favorable, underwriting leverage
ratios have improved and overall risk-adjusted capitalization has
strengthened. These results are due to significant risk management
and exposure reduction initiatives implemented by management, which
have materialized favorably. The positive outlook reflects A.M.
Best's opinion that favorable operating results and improvements in
risk-adjusted capitalization will continue.

Offsetting rating factors include Oklahoma Farm Bureau's
historically volatile operating results and significant variation
in overall risk-adjusted capitalization over the past five years.
As a result, the group's five-year average pre-tax and total
returns on revenue and equity compare unfavorably to the private
passenger standard auto and homeowners composite. Recent results
have improved due to implemented risk management initiatives,
exposure reduction and milder weather patterns. While results have
improved, volatility in prior year results still remains a concern.
Recent underwriting gains and surplus growth have been somewhat
diminished due to interest expense and repayment of some of the
group's surplus notes. The group's geographic concentration of risk
as a single state writer in Oklahoma exposes it to frequent and
severe weather-related events, as well as judicial, economic and
legislative restrictions.


OPTIMUMBANK HOLDINGS: Reports $163,000 Net Loss for 2015
--------------------------------------------------------
OptimumBank Holdings, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$163,000 on $4.53 million of total interest income for the year
ended Dec. 31, 2015, compared to net earnings of $1.60 million on
$5.39 million of total interest income for the year ended Dec. 31,
2014.

As of Dec. 31, 2015, OptimumBank had $127.47 million in total
assets, $124.51 million in total liabilities and $2.96 million in
total stockholders' equity.

Hacker, Johnson & Smith PA, in Fort Lauderdale, Florida, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company is in technical default with respect to its Junior
Subordinated Debenture.  The holders of the Debt Securities could
demand immediate payment of the outstanding debt of $5,155,000 and
accrued and unpaid interest, which raises 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/VdBKGI

                    About OptimumBank Holdings

OptimumBank Holdings, Inc., headquartered in Fort Lauderdale,
Fla., is a one-bank holding company and owns 100 percent of
OptimumBank, a state (Florida)-chartered commercial bank.

The Company offers a wide array of lending and retail banking
products to individuals and businesses in Broward, Miami-Dade and
Palm Beach Counties through its executive offices and three branch
offices in Broward County, Florida.

Effective April 16, 2010, the Bank consented to the issuance of a
consent order by the Federal Deposit Insurance Corporation and the
Florida Office of Financial Regulation.


OUTER HARBOR: Prime Clerk Okayed as Claims and Noticing Agent
-------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware authorized
Outer Harbor Terminal, LLC, to employ Prime Clerk as claims and
noticing agent nunc pro tunc to the Feb. 5, 2016.

Prime Clerk is expected to, among other things:

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

   (b) for all notices, motions, orders or other pleadings or
documents served, prepare and file or cause to be filed with the
Clerk an affidavit or certificate of service within seven business
days of service which includes (i) either a copy of the notice
served or the docket number(s) and title(s) of the pleading(s)
served, (ii) a list of persons to whom it was mailed (in
alphabetical order) with their addresses, (iii) the manner of
service and (iv) the date served; and

   (c) process all proofs of claim received, including those
received by the Clerk, check said processing for accuracy and
maintain the original proofs of claim in a secure area.

The firm's hourly rates are as follows:

A. Claim And Noticing Rates are:

         Title                                  Hourly Rate
         -----                                  -----------
         Analyst                                 $30 -  $45
         Technology Consultant                   $70 -  $95
         Consultant                              $90 - $130
         Senior Consultant                      $135 - $160
         Director                               $170 - $190
         
B. Public Securities and Solicitation Rates are:

         Solicitation Consultant                    $180
         Director of Solicitation                   $200

Michael J. Frishberg, co-president and chief operating officer of
Prime Clerk, discloses that upon execution of the engagement
agreement, the Debtor provided Prime Clerk an advance in the amount
of $5,000.  Prime Clerk seeks to hold this advance under the
Engagement Agreement during the case as security for the payment of
fees and expenses incurred under the engagement agreement.

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

Marisa A. Terranova Fissel, Esq., at Richards, Layton & Finger,
P.A. submitted a certification of counsel regarding application,
stating that the U.S. Trustee has indicated that it has no
objection to entry of the proposed form of order.

                    About Outer Harbor Terminal

Oakland, California-based port operator Outer Harbor Terminal, LLC
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.

The Hon. Laurie Selber Silverstein presides over the case.
Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.

The Debtor estimated assets and debts at $100 million to $500
million.  The petition was signed by Heather Stack, chief
financial officer.


OUTER HARBOR: Wants Aug. 1 Set as Governmental Unit Bar Date
------------------------------------------------------------
Outer Harbor Terminal, LLC, asks the U.S. Bankruptcy Court for the
District of Delaware to establish:

    -- 5:00 p.m. of at least 30 days after the service date as the
general bar date by which all entities, must file proofs of claim
in the Chapter 11 case asserting a claim against the Debtor that
arose prior to Feb. 1, 2016, including a claim pursuant to Section
503(b)(9) of the Bankruptcy Code;

    -- Aug. 1, 2016, at 5:00 p.m. as the date by which governmental
units must file proofs of claim in the case; and

    -- the date by which entities must file proofs of claim in the
case as a result of the Debtor's amendment, if any, to its
schedules of assets and liabilities to be filed in the case.

                    About Outer Harbor Terminal

Oakland, California-based port operator Outer Harbor Terminal, LLC
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.

The Hon. Laurie Selber Silverstein presides over the case.
Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.

The Debtor estimated assets and debts at $100 million to $500
million.  The petition was signed by Heather Stack, chief
financial officer.


OWENS-ILLINOIS INC: S&P Revises Outlook to Neg. & Affirms 'BB' CCR
------------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Owens-Illinois Inc. to negative from stable.  At the
same time, Standard & Poor's affirmed its ratings on the company,
including its 'BB' long-term corporate credit and all its
issue-level ratings.

The negative outlook reflects S&P's view that weaker operating
performance and cash flow generation should cause Owens-Illinois'
credit measures to remain below levels that are appropriate for an
aggressive financial risk profile.  For the aggressive financial
risk profile, S&P expects a funds from operations-to-debt ratio of
12% to 20% and a debt-to-EBITDA metric within the 4x to 5x range.
Under S&P's base-case forecast, the company's credit measures will
remain stretched in 2016.

S&P could lower its ratings on Owens-Illinois within the next 12
months if integration challenges or lower-than-expected operating
performance causes its adjusted debt-to-EBITDA metric to remain
above 5x and funds from operations-to-total-debt ratio to remain
below 12%.  S&P could also lower its ratings on the company if it
entered into an additional large debt-financed acquisition that
caused its credit measures to deteriorate significantly.

S&P may revise its outlook on the long-term corporate credit rating
to stable within the next 12 months if Owens-Illinois' adjusted
debt-to-EBITDA ratio improves beyond fiscal 2016 and S&P expect it
will be in the 4x to 5x range on a sustained basis.  This could
occur if the company performs in line with or better than S&P's
base-case expectations.


PACIFIC EXPLORATION: EIG Pulls Out of Deal
------------------------------------------
Stephanie Gleason, writing for Dow Jones' Daily Bankruptcy Review,
reported that EIG Global Energy Partners has pulled its buyout
offer for Pacific Exploration & Production Corp., one of a few
possible deals that the Canadian-Colombian oil company was hoping
would stave off the need to file for bankruptcy.

According to the report, EIG Pacific Holdings, the entity formed by
the Washington, D.C.-based energy-investment firm to acquire
Pacific, announced on March 25 that it had ended its offer for $4.1
billion worth of Pacific's senior bonds.  The tender offer expired
March 24, and EIG said that all tendered bonds have been returned.
EIG had offered the bondholders 16 cents on the dollar and had
promised an overhaul of Pacific's management and to sell off
assets.

As previously reported by The Troubled Company Reporter, citing Dow
Jones' Daily Bankruptcy Review, Pacific Exploration is evaluating
six buyout offers to avoid bankruptcy, according to people familiar
with the negotiations.

The final offers, which include a management buyout and up to $500
million in loans, are due Wednesday, with the board expected to
make a decision by the end of the week, the four people said,
according to the report.  Share prices of the Bogota,
Colombia-based firm, which is also listed in Toronto, fell more
than 95% in the past two years as lower oil revenues exposed
poorly
timed asset purchases, the report noted.

As previously reported by the TCR, Pacific Exploration on Feb. 19
disclosed that the Company has reached an
agreement (the "Noteholder Extension Agreement") with certain
holders (the "2019 Noteholders") of its 5.375% senior notes due
2019 (the "2019 Notes") and certain holders (the "2025
Noteholders", and together with the 2019 Noteholders, the
"Noteholders") of its 5.625% senior notes due 2025 (the "2025
Notes", and together with the 2019 Notes, the "Notes") pursuant to
which the Noteholders have agreed, subject to certain terms and
conditions, to forbear from declaring the principal amounts of such
Notes (and certain additional amounts) due and payable (the
"Forbearance") until March 31, 2016 (the "Extension Period").
unless otherwise stated.

                    About Pacific Exploration

Pacific Exploration & Production Corp. is a Canadian public
company
and a leading explorer and producer of natural gas and crude oil,
with operations focused in Latin America.  The Company has a
diversified portfolio of assets with interests in more than 70
exploration and production blocks in various countries including
Colombia, Peru, Guatemala, Brazil, Guyana and Belize. The
Company's
strategy is focused on sustainable growth in production & reserves
and cash generation.  

The Troubled Company Reporter-Latin America, on Feb. 23, 2016,
reported that Fitch Ratings says that the agency could downgrade
its ratings on Pacific Exploration and Production Corp. (Pacific;
Long-term Foreign and Local Currency Issuer Default Ratings of
'C')
to restricted default (RD).  This could occur after the expiration
of the recently negotiated extension with bondholders of the time
in which to declare principal due and payable on certain notes.
Fitch considers the extension of multiple waivers or forbearance
periods upon a payment default a restricted default given they
represent a material reduction in terms compared with the original
contractual terms.  Furthermore, the extension of multiple waivers
can be interpreted as a tool that is being conducted in order to
avoid bankruptcy.

                        *     *     *

On Jan. 21, 2016, the TCR reported that Moody's Investors Service
has downgraded Pacific Exploration & Production Corp (Pacific
E&P)'s corporate family rating and senior unsecured debt ratings
to
C from Caa3.

The TCR, on Jan. 20, 2016, reported that Standard & Poor's Ratings
Services said it lowered its long-term corporate credit and
issue-level ratings on Pacific Exploration and Production Corp
(Pacific) to 'CC' from 'CCC+'.  S&P also removed the rating from
CreditWatch with negative implications. The outlook is negative.

On Jan. 14, 2016, Pacific announced that it has elected to utilize
the 30 day grace period rather than make the interest payments due
on Jan. 19, 2016 and Jan. 26, 2016 of about $65 million.  Although
the company is still current on those obligations, S&P expects
default to be a virtual certainty.


PHYSICAL PROPERTY: Reports HK$795,000 Net Loss for 2015
-------------------------------------------------------
Physical Property Holdings Inc. filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of HK$795,000 on HK$1.07 million of rental revenue for the
year ended Dec. 31, 2015, compared to a net loss of HK$820,000 on
HK$1.05 million of rental revenue for the year ended Dec. 31,
2014.

As of Dec. 31, 2015, Physical Property had HK$9.15 million in total
assets, HK$12.27 million in total liabilities, all current, and a
HK$3.12 million total stockholders' deficit.

The Company's auditors, Mazars CPA Limited, in Hong Kong, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, stating that the
Company had a negative working capital as of December 31, 2015 and
incurred losses for the year then ended, which raised 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/5QbrAe

                  About Physical Property

Physical Property Holdings Inc. (PPYH.PK) is a Hong Kong-based real
estate company.  The company buys, sells, invests in and rents real
estate in Hong Kong with five residential apartments in the area.


PICO HOLDINGS: Leder Holdings Settles With PICO
-----------------------------------------------
By Geoffrey J. Bailey -- gjbaileypb@hotmail.com -- PICO Holdings,
Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a diversified
holding company reporting recurring losses since 2008. PICO owns
57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water Company, Inc., a
securities portfolio and various interests in small businesses.
PICO has $664 million in assets and $434 million in shareholder
equity. Central Square Management LLC and River Road Asset
Management LLC collectively own more than 14% of PICO and have
agitated for governance and financial changes. Sean Leder owns 1%
of PICO shares and seeks shareholder authorization to call a
Special Meeting to remove and replace five directors. Other
activists at http://ReformPICONow.com/have taken to the Internet
to advance the shareholder cause.

On March 22, 2016, PICO entered into an agreement with Leder
Holdings. Principal Sean Leder will withdraw its consents for a
special meeting of shareholders and has terminated its special
meeting solicitation.

John R. Hart, Chief Executive Officer of PICO, said, "We are
pleased to have reached this agreement with Leder Holdings and look
forward to now turning our full attention to executing on our
strategic plan to return capital to shareholders as assets are
monetized."

Mr. Leder said, "We are gratified that, since our initial public
engagement with PICO, the Company's Board of Directors has been
substantially refreshed -- with five new independent directors
added to the board. We are also pleased with the Company's
commitment to return capital to shareholders as it monetizes
certain assets. We believe that the groundwork has been laid for
the refreshed Board and management team to effect positive change
at the Company. Given these developments, we have decided to
withdraw our request for the Special Meeting."

Leder Holdings entered a standstill whereby it will not engage in
any shareholder solicitations in opposition to PICO until the
latter part of the advance notice period for director nominations
in connection with PICO's 2018 Annual Meeting of Shareholders. In
addition, PICO and Leder have agreed to terms regarding mutual
releases, mutual non-disparagement and expense reimbursement.

Morgan, Lewis & Bockius LLP and Cooley LLP advised PICO, while
Leder Holdings was advised by Kramer Levin Naftalis & Frankel LLP
and Munger, Tolles & Olson LLP.


PICO HOLDINGS: Names Raymond Marino Chairman of Board
-----------------------------------------------------
By Geoffrey J. Bailey -- gjbaileypb@hotmail.com -- PICO Holdings,
Inc. (Nasdaq:PICO), based in La Jolla, Calif., is a diversified
holding company reporting recurring losses since 2008. PICO owns
57% of UCP, Inc. (NYSE:UCP), 100% of Vidler Water Company, Inc., a
securities portfolio and various interests in small businesses.
PICO has $664 million in assets and $434 million in shareholder
equity. Central Square Management LLC and River Road Asset
Management LLC collectively own more than 14% of PICO and have
agitated for governance and financial changes. Sean Leder owns 1%
of PICO shares and seeks shareholder authorization to call a
Special Meeting to remove and replace five directors. Other
activists at http://ReformPICONow.com/have taken to the Internet
to advance the shareholder cause.

PICO's Board appointed Raymond V. Marino II non-executive Chairman
of PICO's Board of Directors.

"Ray is extremely well suited to serve as the Board's Chairman and
I and the rest of the PICO Board look forward to working with Ray
in his new role," said John R. Hart, PICO's Chief Executive
Officer. "His extensive experience in real estate, investment
management, executive-level management, risk oversight, strategic
planning, financial reporting and corporate governance as well as
public company board experience clearly provides him with the
leadership, governance and other relevant experience needed to lead
the PICO Board as it oversees PICO's execution of its business plan
that contemplates, as assets are monetized, PICO would return
capital back to shareholders through stock repurchases or through
other means such as special dividends."

"I am pleased and honored to have the opportunity to serve as
Chairman of the PICO Board of Directors at such a pivotal time for
PICO," said Mr. Marino. "I look forward to serving PICO in this
important leadership and corporate governance role as PICO executes
on its plans to return capital to shareholders. Additionally, as we
transition the leadership of the Board, I would like to thank my
fellow directors for their support, and recognize Carlos Campbell
for the commitment, dedication and leadership he provided PICO over
the past few months as lead independent director."

                    About Raymond V. Marino II

Since 2013, Mr. Marino has been in the investment advisory business
where he is involved in researching, evaluating and negotiating a
variety of investments for his personal portfolio and third party
investors involving real estate and non-real estate investments,
and has completed buy-side and sell-side real estate advisory
assignments for third parties in excess of $130 million. From 2001
to 2013, Mr. Marino was the President and Chief Operating Officer,
as well as a member of the board of directors, of Mission West
Properties, Inc., a publicly traded real estate investment trust
involved in the development, investment and management of an office
and industrial portfolio that exceeded 9 million square feet. From
November 1996 to August 2000, he was President, Chief Executive
Officer and a member of the board of directors of Pacific Gateway
Properties, Inc., a publicly traded real estate investment trust
which owned and managed a diversified portfolio of assets. Mr.
Marino is a Certified Public Accountant in the State of California
(inactive), a graduate of Golden Gate University, where he obtained
an M.S. degree, and of Santa Clara University, where he obtained a
B.S. degree.


PITTSBURGH CORNING: Trustees Appointed to Injury Settlement Trust
-----------------------------------------------------------------
Judge Thomas P. Agresti of the U.S. Bankruptcy Court for the
Western District of Pennsylvania appointed Philip A. Pahigian, Jack
T. Marionneaux, and Andrew MacQueen, as trustees of the Pittsburgh
Corning Corporation Asbestos Personal Injury Settlement  Trust.

Judge Agresti authorized debtor Pittsburgh Corning Corporation to
pay all reasonable fees and expenses incurred by the Trustees and
their professionals prior to the Effective Date in anticipation of
the establishment of the Trust, up to $3,000,000.  He further
authorized the Debtors to pay for all reasonable fees and expenses
incurred by the Trustees and their professionals, upon receipt of
monthly invoices.  Judge Agresti held that all amounts paid by the
Debtor pursuant to his Order will be treated as a loan to be repaid
from the Trust's assets on the Effective Date.

The Trustees were appointed after the Future Claimants'
Representative and Official Committee of Asbestos Creditors filed a
Motion seeking the appointment of Trustees for the Pittsburgh
Corning Corporation Asbestos personal Injury Settlement Trust.  No
objection was made to the Motion.

Lawrence Fitzpatrick, the Future Claimants' Representative is
represented by:

          Joel M. Helmrich, Esq.
          DINSMORE & SHOHL LLP
          One Oxford Centre, Suite 2800
          301 Grant Street
          Pittsburgh, PA 15219
          Telephone: (412)281-5000
          Facsimile: (412)281-5055
          E-mail: joel.helmrich@dinsmore.com

                About Pittsburgh Corning Corporation

Pittsburgh Corning Corporation filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 00-22876) on April 16, 2000,
to address numerous claims alleging personal injury from exposure
to asbestos.  At the time of the bankruptcy filing, there were
about 11,800 claims pending against the Company in state court
lawsuits alleging various theories of liability based on exposure
to Pittsburgh Corning's asbestos products and typically requesting
monetary damages in excess of $1 million per claim.

Judge Thomas Agresti handles the bankruptcy case.  Reed Smith LLP
serves as counsel and Deloitte & Touche LLP as accountants to the
Debtor.

The U.S. Trustee appointed a Committee of Unsecured Trade
Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of Leech, Tishman, Fuscaldo & Lampl, LLC, as counsel to the
Committee of Unsecured Trade Creditors, and Pascarella & Wiker,
LLP, as financial advisor.

The U.S. Trustee also appointed a Committee of Asbestos Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of these professionals by the Committee of Asbestos Creditors: (i)
Caplin & Drysdale, Chartered as Committee Counsel; (ii) Campbell &
Levine as local counsel; (iii) Anderson Kill & Olick, P.C. as
special insurance counsel; (iv) Legal Analysis Systems, Inc., as
Asbestos-Related Bodily Injury Consultant; (v) defunct firm, L.
Tersigni Consulting, P.C. as financial advisor, and (vi) Professor
Elizabeth Warren, as a consultant to Caplin & Drysdale, Chartered.

The Asbestos Committee is presently represented by Douglas A.
Campbell, Esq., and Philip E. Milch, Esq., at Campbell & Levine,
LLC; and Peter Van N. Lockwood, Esq., Leslie M. Kelleher, Esq.,
and
Jeffrey A. Liesemer, Esq., at Caplin & Drysdale, Chartered.

On Feb. 16, 2001, the Court approved the appointment of Lawrence
Fitzpatrick as the Future Claimants' Representative.  The
Bankruptcy Court authorized the retention of Meyer, Unkovic &
Scott LLP as his counsel, Young Conaway Stargatt & Taylor, LLP, as
his special counsel, and Analysis, Research and Planning
Corporation as his claims consultant.  The FCR is presently
represented by Joel M. Helmrich, Esq., at Dinsmore & Shohl LLP; and
James L. Patton, Jr., Esq., Edwin J. Harron, Esq., and Sara Beth
A.R. Kohut, Esq., at Young Conaway Stargatt & Taylor, LLP.

In 2003, a plan of reorganization was agreed to by various
parties-in-interest, but, on Dec. 21, 2006, the Bankruptcy Court
issued an order denying the confirmation of that plan, citing that
the plan was too broad in addressing independent asbestos claims
that were not associated with Pittsburgh Corning.

On Jan. 29, 2009, an amended plan of reorganization (the Amended
PCC Plan) -- which addressed the issues raised by the Court when it
denied confirmation of the 2003 Plan -- was filed with the
Bankruptcy Court.

As reported by the TCR on April 25, 2012, Pittsburgh Corning, which
is a joint venture between Corning Inc. and PPG Industries Inc.,
filed another amendment to its reorganization plan.

PCC's balance sheet at Sept. 30, 2012, showed $29.4 billion in
total assets, $7.52 billion in total liabilities and $21.9 billion
in total equity.


PMA MEDICAL: Voluntary Chapter 11 Case Summary
----------------------------------------------
Debtor: PMA Medical Specialists, LLC
           a/d/b/a Prime Health Network
        542 N. Lewis Road, Suite 207
        Limerick, PA 19468

Case No.: 16-12016

Nature of Business: Health Care

Chapter 11 Petition Date: March 24, 2016

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Ashely M. Chan

Debtor's Counsel: Edmond M. George, Esq.
                  OBERMAYER REBMANN MAXWELL & HIPPEL, LLP
                  Centre Square West
                  1500 Market Street, Suite 3400
                  Philadelphia, PA 19102
                  Tel: (215) 665-3140
                  E-mail: edmond.george@obermayer.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Raymond J. Kovalski, MD, president.

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


PORTER BANCORP: Incurs $3.21 Million Net Loss in 2015
-----------------------------------------------------
Porter Bancorp, Inc. filed with the Securities and Exchange
Commission its annual report on Form 10-K reporting a net loss of
$3.21 million on $36.57 million of interest income for the year
ended Dec. 31, 2015, compared to a net loss of $11.15 million on
$39.51 million of interest income for the year ended Dec. 31,
2014.

As of Dec. 31, 2015, Porter Bancorp had $948.72 million in total
assets, $916.70 million in total liabilities and $32.01 million in
total stockholders' equity.

The Company's auditor Crowe Horwath, LLP, in Louisville, Kentucky,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
"the Company has incurred substantial losses in 2015, 2014 and
2013, largely as a result of asset impairments resulting from the
re-evaluation of fair value and ongoing operating expenses related
to the high volume of other real estate owned and non-performing
loans.  In addition, the Company's bank subsidiary is not in
compliance with a regulatory enforcement order issued by its
primary federal regulator requiring, among other things, increased
minimum regulatory capital ratios as well as being involved in
various legal proceedings in which the Company disputes material
factual allegations against the Company.  Additional losses,
adverse outcomes from legal proceedings or the continued inability
to comply with the regulatory enforcement order may result in
additional adverse regulatory action.  These events 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/HWvTqB

                      About Porter Bancorp

Porter Bancorp, Inc., is a bank holding company headquartered in
Louisville, Kentucky.  Through its wholly-owned subsidiary PBI
Bank, the Company operates 18 full-service banking offices in
12 counties in Kentucky.


PUERTO RICO: Rescue Plan Advances, Led by House Republicans
-----------------------------------------------------------
Mary Williams Walsh, writing for The New York Times' DealBook,
reported that politicians in Washington are coalescing around a
financial plan to rescue Puerto Rico, just weeks before an expected
major default on bond payments that would spread more turmoil
through the island's shaky economy.

According to the report, the plan, being drafted as legislation by
House Republicans, would not grant Puerto Rico's most fervent
request: permission to restructure its entire $72 billion debt in
bankruptcy.  It would, however, give the island certain crucial
tools that bankruptcy proceedings can offer -- but only if it first
comes under close federal oversight and meets other conditions, the
report related.

The oversight would be provided by a five-member voting board,
selected by the president of the United States from candidates with
expertise in finance, law or other relevant fields; at least two
would have their primary residence in Puerto Rico, the report
further related.  The secretary of the Treasury and the governor of
Puerto Rico would also serve on the board, but would not have a
vote, the report said.  The board would have offices both in
Washington and San Juan, and would have the power to subpoena
documents from both governments, the report added.  It would audit
Puerto Rico's government, improve operations, find savings and
ultimately determine how much of the $72 billion debt really has to
be restructured, if any, the DealBook said.

The rescue package, according to DealBook, is primarily the work of
House Republicans under the direction of Paul Ryan, the House
speaker, in consultation with the Treasury Department and
Democratic leaders, including Representative Nancy Pelosi, the
minority leader.


QUANTUM FUEL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Quantum Fuel Systems Technologies Worldwide, Inc.
        dba Quantum Technologies
        25242 Arctic Ocean Drive
        Lake Forest, CA 92630

Case No.: 16-11202

Type of Business: The Debtor is an innovator, developer and
                  producer of compressed natural gas fuel storage
                  tanks and packaged fuel storage systems for
                  heavy-, medium-, and light-duty trucks and
                  passenger vehicles.

Chapter 11 Petition Date: March 22, 2016

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Mark S Wallace

Debtor's Counsel: Marshall J Hogan, Esq.
                  FOLEY & LARDNER LLP
                  3579 Valley Centre Dr Ste 300
                  San Diego, CA 92130
                  Tel: 858-847-6700
                  Fax: 858-792-6773
                  E-mail: mhogan@foley.com

                        - and -

                  Victor A Vilaplana, Esq.
                  FOLEY & LARDNER LLP
                  3579 Valley Centre Drive
                  San Diego, CA 92130
                  Tel: 858-847-6700
                  Fax: 858-792-6773
                  E-mail: vavilaplana@foley.com

Debtor's          Kyle Koger
Financial         Nishant Machado
Advisor:          Robert Relief
                  MACKINAC PARTNERS
                  201 Wilshire Boulevard, 2nd Floor
                  Santa Monica, California 90401
                  Tel: (310) 917-1563
                  Email: kkoger@mackinacpartners.com
                         nmachado@mackinacpartners.com
                         rrelief@mackinacpartners.com

Debtor's          GARDEN CITY GROUP
Claims and        P.O. Box 10276
Noticing          Dublin, Ohio 43017-5776
Agent:            Toll Free: (855) 907-3240
                  Toll: (614) 524-5587
                  Email: QuantumTechInfo@gardencitygroup.com

Total Assets: $23.1 million

Total Debts: $21.7 million

The petition was signed by Brian W. Olson, chief executive
officer.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Asola Automotive                                        $157,530
Solar Deutschland GmbH
99099 Erfurt Germany
E-mail: erfurt@reinhardt-insolvenzverwalter.de

Baker Hostetler                                         $136,327
E-mail: jfinlin@bakerlaw.com

Clean Air Power, Inc.                                    $93,375
E-mail: accounting@cleanairpower.com

Columbus Transportation &                                $87,600
Logistics, LLC
E-mail: columbustransportation@gmail.com

Concise Fabricators, Inc.                                $73,670
E-mail: aplatt@concisefab.com

Convenience Transportation, LLC                           $67,097
E-mail: CSuhr@kwiktrip.com

Dowding Industries, Inc.                                 $591,226
449 Marlin Avenue
Eaton Rapids, MI 48827
E-mail: rroberts@dowdingindustries.com

Duggan Manufacturing LLC                                 $159,897
E-mail: JNeagos@duggan mfg.com

Exotic Rubber & Plastics                                  $78,223
E-mail: catkins@erpc.com

Haskell & White LLP                                      $228,800
E-mail: ksmith@hwcpa.com

ITT Industries Conoflow Inc.                             $125,089
E-mail: Christina.Carlino@itt.com

Mainstay Fuel Technologies LLC                            $95,175
accounting@mainstayfueltech.com

Mitsubishi Rayon - Sacramento                            $103,541
E-mail: martin.kokoshka@MRCFAC.com

Performance Composites, Inc.                              $69,553
E-mail: mgarcia@performancecomposites.com

Praxair Inc.                                              $66,738
E-mail: Dick_Leon@praxair.com

Sonoco Protective Solutions, Inc.                         $58,809
E-mail: Ryan.Mccutchen@@sonoco.com

The Nasdaq                                                $59,110
E-mail: DanPaulo.Vizconde@nasdaq.com

Toray Carbon Fiber                                     $2,157,166
America, Inc.
700 Parker Square
Flower Mound, TX 75028
Tel: 832-331-0021
E-mail: Erin.Earnest@toraycfa.com

WEH Technologies, Inc. (USA)                             $101,717
E-mail: tiffany.horsman@weh.us

West Coast Gasket Co. Inc.                               $202,290
E-mail: aharren@westcoastgasket.com


QUANTUM FUEL: Files Chapter 11 Petition to Facilitate Sale
----------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., a global leader
in natural gas storage and delivery systems, integration and
vehicle system technologies, on March 23 disclosed that that it
filed a voluntary petition for relief under Chapter 11 of the
United States Bankruptcy Code in the United States Bankruptcy Court
for the Central District of California.  The Company intends for
the
Chapter 11 filing to enable it to seek an acquirer through an
expeditious 363 sale process.

The Company, subject to obtaining court approval, has secured a
$6.0 million debtor-in-possession financing commitment from Douglas
Acquisitions, LLC, an affiliate of existing second position secured
creditors of the Company.

The Company has filed customary first-day motions with the
Bankruptcy Court intended to support the continuation of its
day-to-day operations for customers, employees, vendors and
suppliers, and other business partners.

                           Cautionary Statements

The Company's shareholders are cautioned that trading in the
Company's common stock during the pendency of the Chapter 11 Case
is highly speculative and involves substantial risks.  Trading
prices for the Company's common stock may bear little or no
relationship to the actual recovery, if any, by shareholders in the
Company's Chapter 11 Case.  Accordingly, the Company urges extreme
caution with respect to existing and future investments in its
common shares.

If sufficient funds are not generated by the sale process or any
Chapter 11 plan in excess of secured claims, priority claims and
general unsecured claims, the holders of the Debtor's common stock
might receive no distribution on account of their interests and, in
the event of a Chapter 11 liquidation plan, their existing common
stock may be cancelled.  If certain requirements of the Bankruptcy
Code are met, a liquidation plan can be confirmed notwithstanding
its rejection by the Debtor's equity security holders and
notwithstanding the fact that such equity security holders do not
receive or retain any property or other value in respect of their
equity interests.

In the Chapter 11 case, the Company is required periodically to
file various documents with, and provide certain information to,
the Bankruptcy Court, including statements of financial affairs,
schedules of assets and liabilities, monthly operating reports, and
other financial information.  Such materials will be prepared
according to requirements of federal bankruptcy law.  While they
would be expected to accurately provide then-current information
required under federal bankruptcy law, such materials will contain
information that may be unconsolidated and will generally be
unaudited and prepared in a format different from that used in the
Company's consolidated financial statements filed with the SEC
under the federal securities laws.  Accordingly, the Company
believes that the substance and format of such materials do not
allow meaningful comparison with its publicly-disclosed
consolidated financial statements.  Moreover, the materials filed
with the Bankruptcy Court are not prepared for the purpose of
providing a basis for an investment decision relating to the
Company's securities or for comparison with other financial
information filed with the SEC.

                        About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid  electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.

As of Sept. 30, 2015, the Company had $67.5 million in total
assets, $45.5 million in total liabilities and $22.0 million in
total stockholders' equity.


QUANTUM FUEL: Files for Bankruptcy After Defaulting on $2.7M Debt
-----------------------------------------------------------------
With no financial lifeline in sight, Quantum Fuel Systems
Technologies Worldwide, Inc. was left with no other option but to
seek creditor protection in the U.S. Bankruptcy Court for the
Central District of California (Bankr. C.D. Cal. Case No. 16-11202)
on March 22, 2016.

The Chapter 11 bankruptcy petition, signed by Quantum Fuel Chief
Executive Officer Brian W. Olson, listed total assets of $23.1
million and total debts of $21.7 million as of the Petition Date.

Based in Lake Forest, California, Quantum Fuel is a developer and
producer of compressed natural gas (CNG) fuel storage tanks and
packaged fuel storage systems.  The Debtor also produces integrated
vehicle system technologies, including engine and vehicle control
systems and drivetrains.  The Debtor supplies its tanks and systems
to truck and automotive original equipment manufacturers and
aftermarket and OEM truck integrators worldwide.

According to Court filings, low oil prices have adversely affected
the Debtor's growth over the past two years with customers losing
their interest in investing in the Debtor's tanks and systems as
the initial cost of a CNG fuel system is more expensive than a
diesel fuel truck.

Mr. Olson related that during the second half of 2015 and
continuing through the first few months of 2016, the Debtor shifted
its focus on CNG "virtual pipeline" applications, wherein natural
gas is compressed and transported by truck rather than by pipe.
However, the Debtor did not generate sufficient revenue streams nor
was it able to raise sufficient capital to meet its obligations.

Quantum Fuel defaulted on a line of credit with Bridge Bank,
National Association, when it failed to pay approximately $2.7
million outstanding loan to Bridge Bank on March 14, 2016.  This
default constituted an Event of Default under the agreements
underlying two issuances of convertible notes in 2013 and 2015.

Mr. Olson said the Debtor took significant efforts to restructure
its obligations outside of Chapter 11 by attempting to: (a) raise
additional equity and debt capital from third parties and initiate
discussions with secured creditors; (b) find a buyer that could
purchase its entire business; and (c) find an alternate commercial
lender for a refinancing or new loan, or to obtain the requisite
consent of the holders of Convertible Notes to another transaction.
None of these efforts was successful.

The Debtor has obtained commitment from Douglas Acquisitions LLC,
as lender, for a $6 million post-petition secured, revolving credit
facility, subject to approval of the Bankruptcy Court.  Douglas
Acquisitions is affiliated with Kevin Douglas, collateral agent
under the Debtor's 2013 and 2015 Note Agreements.  Mr. Douglas is
also affiliated with The Douglas Irrevocable Descendant's Trust and
The K&M Douglas Trust, who hold an aggregate of $11.5 million in
convertible notes.

"The Debtor requires funding to maintain its business and preserve
the value of its assets while the Debtor pursues the sale and
auction of its business as a going concern or other
reorganization," Mr. Olson said.

Contemporaneously with the petition, the Debtor submitted with the
Court "first day" motions seeking permission to, among other
things, obtain post-petition financing and use cash collateral, pay
obligations to employees, prohibit utility providers from
discontinuing services, and pay critical vendor claims.

Judge Mark S. Wallace has been assigned the case.


QUANTUM FUEL: Files for Chapter 11 in C.D. Cal., To Sell Assets
---------------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc. on March 22,
2016, filed a voluntary petition for relief under chapter 11 of the
United States Code in the United States Bankruptcy Court for the
Central District of California under the caption titled "In re:
Quantum Fuel Systems Technologies Worldwide, Inc." Case no.
8:16-bk-11202.

The Debtor will continue to manage its properties and operate its
business as debtors-in-possession under the jurisdiction of the
Bankruptcy Court and in accordance with the applicable provisions
of the Bankruptcy Court and orders of the Bankruptcy Court. Through
the Chapter 11 case, the Debtor seeks to implement a sale of
substantially all assets of the Debtor pursuant to section 363(b)
of the Bankruptcy Code.

The Debtor's wholly owned subsidiary, Schneider Power Inc., located
in Ontario, Canada, and each of SPI's subsidiaries, are not debtors
in the Case.

The Company, subject to obtaining court approval, has secured a
$6.0 million debtor-in-possession financing commitment from Douglas
Acquisitions, LLC, an affiliate of existing second position secured
creditors of the Company.

The Company has filed customary first-day motions with the
Bankruptcy Court intended to support the continuation of its
day-to-day operations for customers, employees, vendors and
suppliers, and other business partners.

Subject to certain exceptions including the first lien position
held by the Debtor's pre-petition lender, the DIP Credit Agreement
with Douglas Acquisitions provides for a senior secured,
super-priority debtor-in-possession revolving credit facility in an
aggregate amount at any time outstanding of up to $6.0 million. The
facility provided for under the DIP Credit Agreement will become
available upon the satisfaction of customary conditions precedent,
including the entry of an order of the Bankruptcy Court approving
the DIP Credit Agreement. Subject to the satisfaction of the
conditions set forth in the DIP Credit Agreement, the amount
available to be borrowed under the DIP Credit Agreement will be
made available to the Debtor through weekly advances pursuant to an
approved budget. Advances outstanding under the DIP Credit
Agreement bear interest at a rate of 7.5% per annum, payable in
arrears on the last business day of each month. Upon the occurrence
of an event of default, the interest rate increases to 9.5% per
annum. The Dip Lender received a commitment fee equal to 1% of the
total amount available under the DIP Credit Agreement, which amount
is payable from the initial advance.

The Debtor anticipates using the DIP Loan proceeds after the entry
of a final order of the Bankruptcy Court authorizing the financing
to: (a) pay post-Petition Date related fees and expenses incurred
in connection with the DIP Credit Agreement, (b) fund the fees,
costs and expenses in connection with the 363 Sale process, (c) pay
the DIP Lender's pre-petiition accrued fees and expenses incurred
in connection with the DIP Credit Agreement and related matters,
and (d) fund post-petition and other agreed operating expenses of
the Debtor in accordance with an approved budget acceptable to the
DIP Lender.

The maturity date of the DIP Credit Agreement is the earliest of:
(i) the date that is 91 days after the closing date of the DIP
Credit Agreement, (ii) the date of the occurrence of an event of
default under the DIP Credit Agreement, and (iii) the date the
Debtor pays all amounts due and owing the Lender under the DIP
Credit Agreement. The DIP Credit Agreement contains certain
customary mandatory repayment events, such as Debtor's receipt of
proceeds from a sale of assets outside the ordinary case of
business and insurance, casualty and condemnations claims. The DIP
Credit Agreement also contains customary events of default, the
occurrence of which could result in the acceleration of the
Debtor's obligation to repay the outstanding indebtedness under the
DIP Credit Agreement.

Subject to certain exceptions including the first lien position
held by the Debtor's pre-petition lender, the Debtor's obligations
under the DIP Credit Agreement will be secured by a senior security
interest in, and lien on, substantially all of the assets of the
Debtor.

Quantum Fuel is represented by:

     John Simon, Esq.
     Foley & Lardner LLP
     One Detroit Center
     500 Woodward Avenue, Suite 2700
     Detroit, Michigan 48226-3489

The DIP Lender may be reached at:

     Douglas Acquisitions LLC
     125 East Sir Francis Drake Boulevard, Suite 400
     Larkspur, California 94939
     Attention: President

The DIP Lender is represented by:

     Hugh McCullough, Esq.
     Davis Wright Tremaine LLP
     1201 Third Avenue, Suite 2200
     Seattle, Washington 98101

Last week, Quantum Fuel said an event of default under the
Company's credit facility with Bridge Bank, National Association
occurred on March 14, 2016, as a result of the Company's failure to
make a $2.7 million principal payment when the credit facility
matured on March 14, 2016.   The event of default under the Bridge
Bank credit facility also constituted an event of default under the
senior secured convertible notes issued by the Company on September
15, 2013 and June 29, 2015, which have an aggregate principal
balance of $12.5 million.  The Convertible Notes are secured by a
second lien on substantially all of the Company's operating assets
pursuant to the terms of separate Security Agreements between the
Company and Kevin Douglas, as collateral agent, for the holders of
the convertible notes.   The Convertible Notes are subordinate in
all respects to the rights of the Lender pursuant to the terms of
separate Subordination Agreements between the Lender and the
Collateral Agent.

Quantum Fuel said at that time it has engaged Mackinac Partners LLC
as its financial advisor to assist the Company with negotiating
with its creditors, and evaluating all options that may be
available to the Company.  

A copy of the DIP Credit Agreement is available at
http://1.usa.gov/1UNOHHS

                       About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.

As of Sept. 30, 2015, the Company had $67.5 million in total
assets, $45.5 million in total liabilities and $22.0 million in
total stockholders' equity.


QUANTUM FUEL: Kevin Douglas Has 22.1% Stake as of March 22
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Kevin Douglas reported that as of March 22, 2016, he
beneficially owns 7,928,191 shares of common stock of Quantum Fuel
Systems Technologies Worldwide, Inc., representing 22.1 percent of
the shares outstanding.  Also included in the filing are Michelle
Douglas, 7,928,191 shares; Tim McGaw, 62,312 shares; K&M Douglas
Trust, 3,171,276 shares; James Douglas and Jean Douglas Irrevocable
Descendants' Trust, 4,756,915 common shares.  A copy of Schedule is
available for free at http://is.gd/1CpNY3

                       About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.

As of Sept. 30, 2015, the Company had $67.5 million in total
assets, $45.5 million in total liabilities and $22.0 million in
total stockholders' equity.


QUANTUM FUEL: Receives NASDAQ Delisting Notification
----------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc. announced that
that Nasdaq has determined that the Company's securities will be
delisted from The Nasdaq Stock Market.  The decision was reached by
the staff under Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1.
The letter states that trading of the Company's common stock will
be suspended at the opening of business on Friday, April 1, 2016,
and Nasdaq will file a Form 25-NSE with the Securities and Exchange
Commission, which will remove the Company's securities from listing
and registration on The Nasdaq Stock Market.

As stated in the letter, Nasdaq's delisting determination was based
on: (i) the Company's press release dated March 23, 2016,
announcing it had filed a voluntary petition for reorganization
under Chapter 11 of the United States Bankruptcy Code and
associated public interest concerns raised by the filing; (ii)
concerns regarding the residual equity interest of the existing
listed securities holders; and (iii) concerns about the Company's
ability to sustain compliance with all requirements for continued
listing on The Nasdaq Stock Market.  The Company does not intend to
file a plan to regain compliance or to appeal Nasdaq's
determination.

On March 17, 2016, the Company received a letter from Nasdaq
notifying the Company that because the Company has yet to file its
Annual Report on Form 10-K for the year ended Dec. 31, 2015, the
Company is not in compliance with the Nasdaq's listing rule
5250(c)(1), which requires timely filing of periodic reports with
the Securities and Exchange Commission.  The notice also states
that the Company has 60 days from the notice date to file a plan to
regain compliance.  The Company does not intend to file a plan to
regain compliance.

The Company's common stock may be immediately eligible to be quoted
in the "Pink Sheets."  To be quoted on the Pink Sheets, a market
maker must sponsor the security and comply with SEC Rule 15c2-11
before it can initiate a quote in a specific security. There can be
no assurance that a market maker will apply to quote the Company's
common stock or that the Company's common stock will become
eligible for the Pink Sheets.

                       About Quantum Fuel

Lake Forest, Cal.-based Quantum Fuel Systems Technologies
Worldwide, Inc. (Nasdaq: QTWW) develops and produces advanced
vehicle propulsion systems, fuel storage technologies, and
alternative fuel vehicles.  Quantum's portfolio of technologies
includes electronic and software controls, hybrid electric drive
systems, natural gas and hydrogen storage and metering systems and
other alternative fuel technologies and solutions that enable fuel
efficient, low emission, natural gas, hybrid, plug-in hybrid
electric and fuel cell vehicles.

Quantum Fuel reported a net loss of $14.9 million in 2014, a net
loss attributable to stockholders of $23.0 million in 2013, a net
loss attributable to stockholders of $30.9 million in 2012 and a
net loss attributable to common stockholders of $38.5 million in
2011.

As of Sept. 30, 2015, the Company had $67.5 million in total
assets, $45.5 million in total liabilities and $22.0 million in
total stockholders' equity.


QUANTUM FUEL: Secures $6M DIP Loan From Douglas Acquisitions
------------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., seeks permission
from the Bankruptcy Court to obtain a $6 million superpriority
debtor-in-possession credit facility from Douglas Acquisitions LLC
and to use approximately $200,000 cash collateral of its
prepetition secured parties.

The Debtor maintained that absent ability to use Cash Collateral
and authority to DIP financing, it will be unable to fulfill its
purchase orders, generate revenue, operate its business, or pay its
employees.  The Debtor further said that based on its budget, which
sets forth its projected cash receipts and cash disbursements for
the 13-week period following the Petition Date, it believes that
the proposed DIP Facility will provide it with sufficient funds to
maintain operations until it is sold at auction process pursuant to
Section 363 of the Bankruptcy Code or otherwise restructures.

The Proposed DIP Facility bears an interest rate of 7.5% per annum.
During the continuance of an event of default, all obligations
will bear interest at an additional 2% per annum.

Amounts borrowed under the Proposed Credit Facility will be secured
by a lien on all assets of the Debtors and senior in right of
priority to any prepetition claims and liens.

The Debtor asserted that the interests of all prepetition secured
parties are adequately protected.  Specifically, the Debtor noted,
Bridge Bank's lien in the Cash Collateral is adequately protected
because Bridge Bank has a substantial equity cushion in its assets
and property, which are worth significantly more than the
approximately $1.3 million secured by the Bridge Bank Lien.

               Western Alliance Disallows Cash Use

Western Alliance Bank, as successor-in-interest to Bridge Bank,
National Association, a secured creditor and holder of a first
priority lien in all of the Debtor's assets and property, notified
the Bankruptcy Court that it does not consent to any use of its
cash collateral by the Debtor.  The Secured Creditor demands that
its cash collateral be sequestered and accounted for.  Western
Alliance is represented by Jeffrey D. Cawdrey, Esq., at
Gordon & Rees LLP.
   
                        About Quantum Fuel

Lake Forest, California-based Quantum Fuel Systems Technologies
Worldwide, Inc., is an innovator, developer and producer of
compressed natural gas (CNG) fuel storage tanks and packaged fuel
storage systems for heavy-, medium-, and light-duty trucks and
passenger vehicles.  The Company also produces integrated vehicle
system technologies, including engine and vehicle control systems
and drivetrains.  It supplies its tanks and systems to truck and
automotive original equipment manufacturers and aftermarket and OEM
truck integrators worldwide.

Quantum Fuel filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Calif. Case No. 16-11202) on March 22, 2016.  The petition was
signed by Brian W. Olson as chief executive officer.  The Debtor
listed total assets of $23.10 million and total debts of $21.7
million.  Foley & Lardner LLP represents the Debtor as counsel.
Judge Mark S Wallace is assigned to the case.


QUANTUM FUEL: Wants to Pay up to $2.5M Critical Vendor Claims
-------------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc., filed a motion
with the Bankruptcy Court seeking authority to pay prepetition
claims of essential goods and service providers necessary for it to
operate its business, in an amount not to exceed $2,500,000.

The Debtor proposed to condition the payment of Critical Vendor
claims upon each vendor's agreement to continue supplying goods and
services on terms that are acceptable to it.

"If the Critical Vendors refused to supply the Debtor with the
goods and services they currently provide, the Debtor would be
forced to begin a lengthy re-sourcing search, which would consume
significant financial resources and time," according to Victor A.
Vilaplana, Esq., at Foley & Lardner, LLP, attorney to the Debtor.

Mr. Vilaplana said the Critical Vendors include sole-source
suppliers whose goods would be extremely difficult to replace
because of necessary engineering and testing, and could not be
replaced without a lengthy approval process, which could take many
months, during which time the Debtor would not be able to fulfill
its obligations to customers.  In addition, the Critical Vendors
have undergone extensive certification with the United States
Department of Transportation and other entities.

                      About Quantum Fuel

Lake Forest, California-based Quantum Fuel Systems Technologies
Worldwide, Inc., is an innovator, developer and producer of
compressed natural gas (CNG) fuel storage tanks and packaged fuel
storage systems for heavy-, medium-, and light-duty trucks and
passenger vehicles.  The Company also produces integrated vehicle
system technologies, including engine and vehicle control systems
and drivetrains.  It supplies its tanks and systems to truck and
automotive original equipment manufacturers and aftermarket and OEM
truck integrators worldwide.

Quantum Fuel filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Calif. Case No. 16-11202) on March 22, 2016.  The petition was
signed by Brian W. Olson as chief executive officer.  The Debtor
listed total assets of $23.10 million and total debts of $21.7
million.  Foley & Lardner LLP represents the Debtor as counsel.
Judge Mark S Wallace is assigned to the case.


RCS CAPITAL: Cetera Debtors' Case Summary & Top Unsec. Creditors
----------------------------------------------------------------
Affiliates of RCS Capital Corporation filing separate Chapter 11
bankruptcy petitions:

    Debtor                                            Case No.
    ------                                           --------
    Cetera Advisor Networks Insurance Services, LLC  16-10730
       aka FN Insurance Services, Inc.
    200 North Sepulveda Blvd, Ste 1200
    El Segundo, CA 90245

    Cetera Advisors Insurance Services, Inc.         16-10731
    Cetera Financial Group, Inc.                     16-10732
    Cetera Financial Holdings, Inc.                  16-10733
    Cetera Financial Specialists Services LLC        16-10734
    Cetera Insurance Agency LLC                      16-10735
    Chargers Acquisition, LLC                        16-10736
    FAS Holdings, Inc.                               16-10737
    First Allied Holdings Inc.                       16-10738
    ICC Insurance Agency, Inc.                       16-10739
    Investors Capital Holdings, LLC                  16-10740
    Legend Group Holdings, LLC                       16-10741
    SBS Financial Advisors, Inc.                     16-10742
    SBS Insurance Agency of Florida, Inc.            16-10743
    SBS of California Insurance Agency, Inc.         16-10744
    Summit Capital Group, Inc.                       16-10745
    Summit Financial Services Group, Inc.            16-10746
    Summit Holding Group, Inc.                       16-10747
    VSR Group, LLC                                   16-10748

Chapter 11 Petition Date: March 26, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtors'
Legal
Counsel:          DECHERT LLP

Debtors'
Local
Counsel:          Robert F. Poppiti, Jr., Esq.
                  YOUNG, CONAWAY, STARGATT & TAYLOR, LLP
                  1000 North King Street
                  Wilmington, DE 19801
                  Tel: 302-571-6600
                  E-mail: bankfilings@ycst.com

Debtors'          
Financial
Advisor:          ZOLFO COOPER MANAGEMENT, LLC

Debtors'          
Investment
Banker:           LAZARD FRERES & CO. LLC

Debtors'          
Administrative
Advisor and
Claims and
Noticing
Agent:            PRIME CLERK LLC

Estimated Assets: $0 to $50,000

Estimated Debts: $500 million to $1 billion

The petitions were signed by Carol Flaton, chief restructuring
officer.

List of Debtors' 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Helios and Matheson                Service Provider      $852,505
Analytics Inc.
350 Fifth Avenue, Suite 7520
New York, NY 10118
Tel: 646-556-6819
E-mail: jjudenberg@hmny.com

Genpact International Inc.         Service Provider      $727,187
42 Old Ridgebury Rd., First Floor
Danbury, CT 06810
Tel: 844-8609383
E-mail: alvaro.ocasio@genpact.com

Albridge Solutions, Inc.           Service Provider      $618,938
1009 Lennox Dr., Suite 204
Lawrenceville, NJ 08648
Tel: 609‐806‐0238
Fax: 609‐620‐5801
E-mail: fchimbangu@albridge.com

OPTOMI                             Service Provider      $557,762
500 Colonial Center Parkway
Suite 140
Roswell, GA 30076
Tel: 678‐250‐0820
E-mail: courtneystarling@optomi.com

Allied Testing Ltd                 Service Provider      $473,013
Prespas Street,
Office 603, 6th Floor
Agioi Omologities, Nicosia
Cyprus  

Live Office                        Service Provider      $472,024
2780 Skypark Dr., Suite 300
Torrance, CA 90505
Tel: 800‐251‐3863
Fax: 310‐539‐6812
E-mail: samuel.deese@veritas.com

RR Donnelley Financial, Inc.       Service Provider      $353,159
PO Box 100112
Pasadena, CA 91189
Fax: 1.312.326.8001

Beacon Hill Staffing Group, LLC    Service Provider      $347,357
152 Bowdoin St.
Boston, MA 02108
Fax: 617.227.1220

Vista Resource Group, LLC          Service Provider      $278,584
4275 Executive Square
Suite 200
La Jolla, 92037
Tel: 858-255-7776
E-mail: rbuono@vistaresourcegroup.com;
contact@vistaresourcegroup.com

Pricewaterhousecoopers              Service Provider     $273,000
300 Madison Avenue
24th Floor
New York, NY 10017
Tel: 646-471-3000
Fax: 813-286-6000

Incedo Inc.                         Service Provider     $254,265
845 Third Ave.
Sixth Floor
New York, NY 10022
E-mail: rena.nigam@incedoinc.com

Robert Half                         Service Provider     $247,080

Broadridge Financial                Service Provider     $227,317
Solutions, Inc.

VincentBenjamin Group, LLC          Service Provider     $222,867
E-mail: legal@vincentbenjamin.com

Pomeroy IT Solutions Sales          Service Provider     $205,999
Company Inc.
E-mail: toby.muninger@pomeroy.com

Randstad Technologies, LP           Service Provider     $198,189

NIIT Technologies, Inc.             Service Provider     $195,420
E-mail: nirod.kumar@niit‐tech.com

Envestnet                           Service Provider     $190,000
E-mail: patrick.marr@envestnet.com

Login Consulting Services Inc.      Service Provider     $184,229
E-mail: dana.dolin@loginconsult.com

Winget, Spadafora & Schwartzberg    Service Provider     $168,489


RCS CAPITAL: Court OKs Joint Administration of Chapter 11 Cases
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware approved the
joint administration of the Chapter 11 cases of RCS Capital
Corporation, et al., for procedural purposes only.

The cases will be jointly administered under the Chapter 11 case of
RCS Capital Corporation, Case No. 16-10223.

As reported by the Troubled Company Reporter on Feb. 3, 2016, the
Debtors also requested that the Clerk of the Court maintain one
file and one docket for all of their Chapter 11 cases, which file
and docket will be the file and docket for Debtor RCS Capital
Corporation.

According to the Debtors, joint administration of their respective
estates is warranted and will ease the administrative burden on the
Court and all parties-in-interest.  In addition, the Debtors
maintain, joint administration will permit the Clerk of the Court
to utilize a single docket for all of the Chapter 11 cases, and to
combine notices to creditors and other parties-in-interest in their
respective cases.

"Because there will likely be numerous motions, applications, and
other pleadings filed in these cases that will affect all of the
Debtors, joint administration will permit counsel for all parties
in interest to include all of the Debtors' cases in a single
caption for the numerous documents that are likely to be filed and
served in these cases," said Ian J. Bambrick, Esq., at Young
Conaway Stargatt & Taylor, LLP, counsel for the Debtors.

Mr. Bambrick added that joint administration will not prejudice or
adversely affect the rights of the Debtors' creditors because the
relief sought is purely procedural and is not intended to affect
substantive rights.

                         About RCS Capital

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

RCS Capital Corporation and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10223 to
16-10234) on Jan. 31, 2016.  The petitions were signed by David
Orlofsky as chief restructuring officer. The Debtors disclosed
total assets of $1.97 billion and total debts of $1.39 billion.
RCS Capital Corp. disclosed total assets of $1,403,924,232 and
total liabilities of $912,449,960.

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


RCS CAPITAL: Retention Plan Impermissible, U.S. Trustee Complains
-----------------------------------------------------------------
Acting U.S. Trustee for Region 3, Andrew R. Vara opposes RCS
Capital Corporation, et al.'s proposed insider bonus, complaining
that the plan contemplates an impermissible insider retention plan
payments that cannot be approved under Section 503(c)(1) of the
Bankruptcy Code.

The U.S. Trustee specifically complains that the Debtors have not
set forth a single metric or other difficult to achieve objective
that must be met for the bonus payments to be earned, but rather,
the motion indicates that the payments are being made simply to
retain these employees so that they can perform their normal
employment obligations, as well as to maintain employee morale.

According to the U.S. Trustee, the payments are not in the ordinary
course of the Debtors' business, specifically since the employment
agreements for these RCS Capital Bonus Recipients are amended
significantly in the Debtors' anticipation of its bankruptcy
filing.

The U.S. Trustee points out that Congress added Section 503(c) to
the Bankruptcy Code to "eradicate the notion that executives were
entitled to bonuses simply for staying with the Company through the
bankruptcy process."  Section 503(c), the U.S. Trustee further
points out, establishes specific evidentiary standards that must be
met before a bankruptcy court may authorize payments to an insider
for the purpose of inducing such person to remain with a debtor's
business or payments made on account of severance.  Therefore, the
Debtors must prove by a preponderance of the evidence that the
bonuses are a part of a "pay for value" plan that offers incentives
based on performance rather than a "pay to stay" plan, the U.S.
Trustee asserts.

Andrew R. Vara, Acting U.S. Trustee is represented by:

     Linda J. Casey, Esq.
     Trial Attorney
     U.S. DEPARTMENT OF JUSTICE
     Office of the U.S. Trustee
     J. Caleb Boggs Federal Building
     844 N. King Street, Room 2207, Lockbox 35
     Wilmington, DE 19801
     Telephone: (302) 573-6491
     Facsimile: (302) 573-6497
     Email: linda.casey@usdoj.gov

        About RCS Capital

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

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

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


REICHHOLD HOLDINGS: Judge Issues Final Decree to Close Cases
------------------------------------------------------------
A federal judge has ordered to close the Chapter 11 cases of three
affiliates of Reichhold Holdings US, Inc.

U.S. Bankruptcy Judge Mary Walrath signed off on an order to close
the cases of Reichhold Liquidation Inc., Canadyne Corp., and
Canadyne-Georgia Corp.

The bankruptcy case of Reichhold Holdings will remain open,
according to the court filing.

The companies' liquidating plan, which the bankruptcy judge
approved on Jan. 13, took effect on March 1.

Under the liquidating plan, secured creditors will receive payment
in full in cash or collateral securing their claims.  

General unsecured creditors holding uninsured claims will receive a
share of the liquidating trust interests while creditors holding
so-called convenience claims will receive cash equal to 5% of their
claims.

Separately, Judge Walrath approved the sale of a real property
owned by Reichhold Liquidation in Ferndale, Michigan, to Five Star
Store It Ferndale LLC.

                    About Reichhold Holdings

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

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

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

Cole, Schotz, Meisel, Forman & Leonard, P.A. (legal advisor) and
CDG Group LLC (financial advisor) are representing Reichhold, Inc.

Latham & Watkins LLP (legal advisor) and Moelis & Company
(investment banker) are serving Reichhold Industries, Inc.  Logan &
Company is the company's claims and noticing agent.  The cases are
assigned to Judge Mary F. Walrath.

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

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

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


RESPONSE BIOMEDICAL: Incurs C$150,000 Net Loss in 2015
------------------------------------------------------
Response Biomedical Corp. filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
C$150,000 on C$15.41 million of total revenue for the year ended
Dec. 31, 2015, compared to a net loss of C$2.09 million on C$11.01
million of total revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Response had C$11.80 million in total assets,
C$12.51 million in total liabilities and a total shareholders'
deficit of C$711,000.

PricewaterhouseCoopers LLP, in Vancouver, Canada, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the company has incurred
recurring losses from operations and has an accumulated deficit at
Dec. 31, 2015, that raises 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/RdvuqA

                     About Response Biomedical
  
Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.


RESPONSE BIOMEDICAL: Reports Q4 & Fiscal 2015 Financial Results
---------------------------------------------------------------
Response Biomedical reported net income and comprehensive income of
C$223,000 on C$4.08 million of total revenue for the three months
ended Dec. 31, 2015, compared to net income and comprehensive
income of C$263,000 on C$3.17 million of total revenue for the same
period in 2014.

For the year ended Dec. 31, 2015, the Company reporteda net loss
and comprehensive loss of C$150,000 on C$15.41 million of total
revenue compared to a net loss and comprehensive loss of C$2.09
million on C$11.01 million of total revenue for the year ended Dec.
31, 2014.

Product sales increased 11% to C$12.0 million for the year ended
Dec. 31, 2015, compared to C$10.8 million for the year ended
Dec. 31, 2014.  The increase is due to an increase in worldwide
instrument and cardiovascular test sales with the largest increase
coming from China.

Cash and cash equivalents as of Dec. 31, 2015, were C$2.5 million
compared to C$3.2 million as of Dec. 31, 2014.

"We are pleased to report our first full year of Adjusted EBITDA
profitable growth with a 40% increase to $15.4 million in total
revenue in 2015 - $3.4 million in Joinstar collaboration revenue
and $12.0 million in product sales.  This revenue growth, combined
with our cost cutting and efficiency initiatives, resulted in
Adjusted EBITDA of $822,000, a $4.9 million improvement in Adjusted
EBITDA over 2014," said Dr. Barbara Kinnaird, chief executive
officer of Response.

"We also had both significant revenue growth and positive Adjusted
EBITDA for the fourth quarter of 2015 relative to the prior year,"
said Dr. Kinnaird.  Our national distribution partner, who no
longer has exclusive distribution rights in China, has continued
its purchases from us this quarter, albeit at a reduced rate from
the first two quarters of the year.  We are continuing to help our
partner to work through its excess inventory.  In addition, we have
made good progress in our collaboration with Joinstar, earning a
US$720,000 milestone in the fourth quarter," noted Dr. Kinnaird.
"Finally, our cost cutting and efficiency initiatives continue and
have contributed to our improved fourth quarter gross margin, up
7.4 percentage points from the prior year."

"Year over year, our product sales in China have increased 8% while
our sales outside of China have increased 15%.  We continue to
focus on improving efficiencies and reducing costs while at the
same time making strategic investments in high growth market
segments.  The addition of the PCT test to the RAMP platform in
early 2016 reflects our focus on adding high quality acute care
tests to help improve patient outcomes," said Dr. Kinnaird.

The Company was also advised by the Toronto Stock Exchange that it
has been granted a 30 day extension from March 21, 2016, to
demonstrate compliance with the continued listing requirements of
the Toronto Stock Exchange.

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

                      http://is.gd/9TsKIS

                   About Response Biomedical
  
Based in Vancouver, Canada, Response Biomedical Corporation
develops, manufactures and sells diagnostic tests for use with its
proprietary RAMP(R) System, a portable fluorescence immunoassay-
based diagnostic testing platform.  The RAMP(R) technology
utilizes a unique method to account for sources of error inherent
in conventional lateral flow immunoassay technologies, thereby
providing the ability to quickly and accurately detect and
quantify an analyte present in a liquid sample.  Consequently, an
end-user on-site or in a point-of-care setting can rapidly obtain
important diagnostic information.  Response Biomedical currently
has thirteen tests available for clinical and environmental
testing applications and the Company has plans to commercialize
additional tests.

Response Biomedical reported a net loss and comprehensive loss of
C$5.99 million in 2013, a net loss and comprehensive loss of C$5.28
million in 2012 and a net loss and comprehensive loss of C$5.37
million in 2011.

As of Sept. 30, 2015, the Company had C$12.6 million in total
assets, C$13.6 million in total liabilities and a total
shareholders' deficit of C$992,000.

PricewaterhouseCoopers LLP, in Vancouver, Canada, in its report on
the consolidated financial statements for the year ended Dec. 31,
2014, noted that the company has incurred recurring losses from
operations and has an accumulated deficit at Dec. 31, 2014, which
raises substantial doubt about its ability to continue as a going
concern.


REXFORD PROPERTIES: Plan Offers Stock, Cash to Unsec. Creditors
---------------------------------------------------------------
Rexford Properties LLC, owner of the Island Waterpark in Fresno,
California, will seek approval of the disclosure statement
explaining its proposed reorganization plan at a hearing on April
5, 2016, at 1:30 p.m., before the U.S. Bankruptcy Court for the
Central District of California.

The Debtor proposes to (i) return 100% cents on the dollar to
unsecured creditors that each has less than $100,000 in claims, and
(ii) gives unsecured creditors that each has at least $100,000 in
claims the option to receive stock in the reorganized company or 10
cents on the dollar.

Although the Plan cancels the existing equity interests in the
Debtor, the Ehrlich family will still have a stake in the Company
post-emergence.  Aside from providing DIP financing, the Ehrlich
family has large prepetition unsecured claims.

            Stock to New Value Funder, Unsec. Creditors

The Plan provides for the Debtor to continue operating its business
postpetition under a new equity structure, with existing equity in
the Debtor cancelled and replaced by new equity.  The new equity
will be given 55% to a party or parties, referred to as the new
value funder, who provide/s the "new value contribution".  The
remaining 45% of new equity will be issued pro rata to the holders
of "large unsecured claims", which means essentially general
unsecured claims over $100,000.  However, the New Value Funder
retains the ability not to make the New Value Contribution by so
electing in writing 14 days prior to the initial hearing on Plan
confirmation, in which case 100% of the new equity in the
Reorganized Debtor will be distributed to holders of Allowed Large
Unsecured Claims.  Holders of Large Unsecured Claims also have the
option to take 10% of their allowed claim in cash instead of the
new interests.

For any Large Unsecured Claims that are disputed on the Effective
Date, which will likely include the claim of United States Fidelity
& Guaranty Company ("USF&G"), the claimant's equity interests will
be held in escrow until the claim in question is no longer
Disputed.

              Overbidding of New Value Contribution

According to the Disclosure Statement, the New Value Contribution
reflects the amount that the Debtor forecasts may be necessary in
order to make all payments due on the Effective Date under the Plan
and all payments due to unsecured creditors in Classes 3 and 4
under the Plan in a conservative scenario.

The amount of the New Value Contribution is subject to cash
overbid.  Any party may, at least seven calendar days prior to the
hearing on confirmation of the Plan, submit to counsel for the
Debtor an overbid of the new value contribution.  If a qualified
overbid is received, then the proposed New Value Funder submitting
the baseline bid and the party that submitted the overbid will
participate in an auction at the Plan confirmation hearing.

                 3 Classes of Unsecured Claims

The Plan classifies and treats claims and interests as follows:

   * Unclassified claims -- namely, administrative claims and
priority tax claims -- will be paid in full on the effective date
of the Plan.

   * The DIP facility claim held by the DIP Lender will ride
through the bankruptcy case and be governed post-confirmation by
the terms of the DIP Loan Documents, with the Reorganized Debtor
liable thereunder to the same extent that the Debtor is on the
Effective Date.  The DIP Lender retains all of its liens, claims,
and rights under the DIP Loan Documents, and the Debtor does not
need to repay the DIP Facility Claim on the Effective Date of the
Plan.

   * As to secured claims (Class 1), the Reorganized Debtor will
choose from one of five alternate methods of treatment including
abandonment of the collateral, immediate cash payments,
reinstatement, deferred cash payments, or provision of the
indubitable equivalent of the creditor's secured claim.  The Debtor
does not believe that there are any allowed secured claims.

   * Priority non-tax claims (Class 2) will be paid in full on the
Effective Date.

   * Convenience claims (Class 3), which are unsecured claims each
in the amount of $2,500 and under and estimated to total $26,600,
will be paid in full on the Effective Date.

   * General unsecured claims each in the amount of over $2,500 but
less than $100,000 (Class 4), which are estimated to total
$343,000, will be paid in full over time as follows: 50% will be
paid on the first Plan Distribution Date following the Effective
Date, then 25% each will be paid on the succeeding two Plan
Distribution Dates, which occur on a quarterly basis.  Class 4
General Unsecured Claims may also elect to be treated as Class
Convenience Claims and receive a Cash payment of up to $2,500 on
the Effective Date, but must waive any amount of their Claim in
excess of $2,500 as part of that election.

    * Holders of large unsecured claims (Class 5), which consist of
unsecured, non-priority claims each in the amount of $100,000 or
more and estimated to aggregate $18.8 million, will receive their
pro rata share of 45% of the new interests in the Reorganized
Debtor if the New Value Contribution is made, or their pro rata
share of 100% of the new interests if the New Value Contribution is
not made.  Holders of Allowed Large Unsecured Claims may also opt
to receive Cash equal to 10% of their allowed claim instead of
receiving new interests in the Reorganized Debtor.

   * Holders of interests in the Debtor (Class 6) won't receive
anything on account of their interests, and the interests will be
cancelled.

The Large Unsecured Claims in Class 5 are estimated to aggregate
$18.8 million:

           Claimant                         Amount
           --------                         ------
    The 1979 Ehrlich Investment Trust    $9,738,190
    Rexford Development Corporation      $6,141,104
    Lurline Gardens, LP                    $651,141
    The Lee Investment Company           $2,280,839
    U.S. Fidelity & Guaranty Company     $1,940,656

Lisa Ehrlich, daughter of founder Richard Ehrlich, is the managing
member of the Debtor, and has served in that role since Richard's
death in 2009. Lisa Ehrlich owns 38% of the membership interests in
the Debtor.  The remaining membership interests are owned by The
Marcia Ehrlich Survivor's Trust (30.5%), the Richard Ehrlich Q-Tip
Trust (30.5%), and The 1979 Ehrlich Investment Trust (1.0%).

Classes 1, 3, 4, and 5 are impaired and are entitled to vote on the
Plan.  Class 2 is unimpaired and not entitled to vote because it is
conclusively deemed to accept the Plan.  Class 6 is impaired, but
since it receives nothing under the Plan, it is conclusively deemed
to reject the Plan and is therefore not entitled to vote.

A copy of the Disclosure Statement filed Feb. 29, 2016, is
available for free at:

      http://bankrupt.com/misc/Rexford_Pro_178_DS.pdf

Attorneys for the Debtor:

         SHEPPARD, MULLIN, RICHTER & HAMPTON LLP
         Alan M. Feld, Esq.
         Michael M. Lauter, Esq.
         Robert K. Sahyan, Esq.
         Shadi Mahmoudi, Esq.
         333 South Hope Street, 43rd Floor
         Los Angeles, CA 90071-1422
         Telephone: (213) 620-1780
         Facsimile: (213) 620-1398
         E-mail: afeld@sheppardmullin.com
                 mlauter@sheppardmullin.com
                 rsahyan@sheppardmullin.com
                 smahmoudi@sheppardmullin.com

                  About Rexford Properties

Rexford Properties LLC is a California limited liability company
that owns the Island Waterpark in Fresno, California.  The
Waterpark is a family friendly water-themed amusement park
featuring a variety of rides and attractions including a wave park,
a lazy river, a three story water slide, and other attractions for
both children and adults.  The Waterpark is located on a plot of
land off Highway 99 and Shaw Avenue in Fresno.  Rexford owns the
underlying land and the improvements and other assets of the
Waterpark, and utilizes the assistance of third party manager /
independent contractor to operate the Waterpark.

Rexford Properties LLC filed for Chapter 11 protection (Bank. C.D.
Cal. Case No. 15-12116) on June 16, 2015.  The petition was signed
by Lisa Ehrlich, managing member.  Bankruptcy Judge Martin R.
Barash presides over the case.

The Debtor disclosed total assets of $1,107,620 plus an unknown
amount and total liabilities of $12,883,441.

Prepetition, the Debtor obtained a series of loans from companies
related to the Ehrlich family to construct the Waterpark, but all
were unsecured.  The only secured loan that the Debtor has is the
postpetition debtor-in-possession loan approved by the Court in an
order entered Dec. 31, 2015.  The lender under the DIP Loan is The
1979 Ehrlich Investment Trust, and the total maximum principal
balance of the DIP Loan is $2 million.

Michael M. Lauter, Esq., at Sheppard Mullin Richter & Hampton LLP,
represents the Debtor in its restructuring effort.


RIENZI & SONS: Alma Bank Objects to Amended Disclosure Statement
----------------------------------------------------------------
Alma Bank objects to Rienzi & Sons, Inc.'s motion seeking approval
of the Amended Disclosure Statement for its Chapter 11 Plan of
Reorganization.

Alma Bank says the Disclosure Statement lacks "adequate
information" for the Debtor's creditors to make an informed
decision on whether to accept or reject the proposed Plan.

Alma Bank raised several issues, including:

   * While the Disclosure Statement says that Michael Rienzi will
invest in the Reorganized Debtor funds sufficient to pay
administrative expenses claims in full, it does not identity what
the payment will be or discuss Mr. Rienzi's resources for making
the payment.

   * The representation in the Disclosure Statement -- that the
Debtor has a line of credit with Alma Bank in the amount of $1
million that is secured by a blanket lien on the Debtor's personal
property -- is incorrect as the line of credit is secured by both
the Debtor's assets and a mortgage on the Warehouse.

   * As to the provision in the Disclosure Statement that says Alma
Bank's $1 million secured claim will either be paid in full or
reinstated, the parties should be apprised what reinstatement
entails and how the Debtor intends to reinstate the loan.

   * Although the Debtor asserts that Alma Bank's additional claim
on account of a $3.15 million loan is unsecured, Alma's secured
proof of claim has not been objected to, so Alma believes that the
claim stands as a secured claim.

   * The Debtor has not disclosed why it's treating Alma Bank's
$3.15 million as unsecured and why the claim won't receive any
distributions under the Plan.

   * The Debtor should explain the projections showing losses for
early 2016 and profits appearing after May 2016.

The Debtor's Plan calls for the Debtor's principal and 100% equity
holder Michael Rienzi to invest in the Reorganized Debtor (i) $4.25
million as a "New Value Contribution", and (ii) additional cash
funds sufficient to pay administrative expense claims in full.  
According to the Plan, the Debtor will continue the Debtor's
business operations post-confirmation, servicing all of the Debtors
customers and using all of the Debtor's suppliers.

Attorneys for Alma Bank:

          Wayne M. Greenwald, Esq.
          WAYNE GREENWALD, P.C.
          475 Park Avenue South - 26th Floor
          New York, NY 10016
          Tel: 212-983-1922

                     About Rienzi & Sons, Inc.

Rienzi & Sons filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 15-40926) on March 3, 2015. The petition was
signed by Michael Rienzi as president.  The Debtor disclosed
assets of 13,349,383 and total liabilities of $24,965,511.

Vincent J Roldan, Esq., and Michael J. Sheppeard, Esq., at Ballon
Stoll Bader & Nadler P.C., serve as counsel to the Debtor.  Judge
Nancy Hershey Lord presides over the Chapter 11 case.

Wayne Greenwald, P.C., represents Alma Bank.

The U.S. Trustee for for Region 2 appointed five creditors to
serve in the Official Committee of Unsecured Creditors.  Klestadt
Winters Jureller Southard & Stevens LLP represents the Committee.


RIENZI & SONS: Alma Bank Opposes Banco Popolare Settlement
----------------------------------------------------------
Alma Bank objects to Rienzi & Sons, Inc.'s motion to enter into a
Stipulation of Settlement with Banco Popolare Societa Cooperative
and Michael Rienzi.

Alma Bank asserts that the Settlement:

  A) violates Alma Bank's rights under its mortgage agreements with
a non-debtor concerning property which is not property of the
Debtor's estate.

  B) is not in the best interests of the Debtor, its creditors and
estate.

Alma Bank says it holds the first and second mortgages on Michael
Rienzi's property at 18-81 Steinway Street, Astoria, New York.  

Alma thus objects to a provision in the stipulation whereby Mr.
Rienzi will grant Banco Popolare a second lien on the Property.
That violation is an Event of Default under the Mortgages and Alma
Bank may exercise all of its rights and remedies.

As reported in the March 8, 2016 edition of the TCR, Rienzi & Sons,
Inc., is asking the U.S. Bankruptcy Court for the Eastern District
of New York for authorization to enter into a Stipulation of
Settlement with Banco Popolare Societa Cooperative and Michael
Rienzi.  The Stipulation of Settlement compromises and settles the
controversy regarding Banco Popalare's claim, and issues regarding
the Debtor's plan of reorganization.

The Settlement contains, among others, the following terms:

     (a) Mr. Rienzi will purchase the Banco Popolare Claim for a
purchase price of $3,100,000 pursuant to an Assignment Agreement.

     (b) Mr. Rienzi will pay Banco Popolare $1,000,000 ("First
Installment"), upon the date when the Court Order under approving
this settlement becomes final and non- appealable ("Settlement
Effective Date").  Once the First Installment is transferred to
Banco Popolare, the Banco Popolare Claim shall be deemed to be
transferred to Mr. Rienzi for distribution and voting purposes
("Triggering Event").  In the event that Mr. Rienzi will fail to
make payment of the First Installment, the Settlement Agreement
shall be null and void ab initio.

     (c) Mr. Rienzi will pay Banco Popolare the balance of
$2,100,000 in accordance with the following schedule:

          i. $357,500 by the earlier of (i) June 1, 2016 or (ii)
within three (3) days of the effective date of the Debtor's
reorganization plan approved and confirmed by the Court in the
Chapter 11 Case (the "Plan Effective Date");

         ii. $332,000 by the earlier of (i) Dec. 1, 2016 or (ii)
the 6th month anniversary of the Plan Effective Date;

        iii. $357,000 by the earlier of (i) June 1, 2017 or (ii)
the 12th month anniversary of the Plan Effective Date;

         iv. $357,000 by the earlier of (i) Dec. 1, 2017 or the
(ii) 18th month anniversary of the Plan Effective Date; and

          v. The balance by no later than two years after the
Settlement Effective Date.

     (d) Mr. Rienzi will simultaneously give Banco Popolare a
second lien on Mr. Rienzi's warehouse or real estate located at
18-81 Steinway Street, Astoria, New York 11105, shall execute
mortgage and related documentation, and pay for recording and for
title insurance in connection with said mortgage.

     (e) The Banco Popolare Claim shall be an allowed claim for
distribution and voting purposes, to the extent that such voting
rights exist under 11 U.S.C. Sec. 1129(a)(10), in the amount of
$9,293,253.

     (f) The Debtor, Mr. Rienzi, and Banco Popolare exchange
releases in accordance with the Settlement Agreement.

Riezi & Sons, Inc., is represented by:

          Vincent J. Roldan, Esq.
          BALLON STOLL BADER & NADLER, P.C.
          729 Seventh Avenue
          New York, NY 10019
          Telephone: (212)575-7900
          Facsimile: (212)764-5060
          E-mail: vroldan@ballonstoll.com

                     About Rienzi & Sons, Inc.

Rienzi & Sons filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 15-40926) on March 3, 2015. The petition was
signed by Michael Rienzi as president.  The Debtor disclosed
assets of 13,349,383 and total liabilities of $24,965,511.

Vincent J Roldan, Esq., and Michael J. Sheppeard, Esq., at Ballon
Stoll Bader & Nadler P.C., serve as counsel to the Debtor.  Judge
Nancy Hershey Lord presides over the Chapter 11 case.

Wayne Greenwald, P.C., represents Alma Bank.

The U.S. Trustee for for Region 2 appointed five creditors to
serve in the Official Committee of Unsecured Creditors.  Klestadt
Winters Jureller Southard & Stevens LLP represents the Committee.


RIENZI & SONS: Tracy Klestadt to Serve as Creditors' Trustee
------------------------------------------------------------
Rienzi & Sons, Inc., filed a supplement for its Amended Chapter 11
Plan of Reorganization disclosing that Tracy L. Klestadt, Esq.,
will serve as trustee of the Rienzi Creditors' Trust.  The Trust is
established for the purpose of collecting, distributing and
liquidating the trust assets for the benefit of holders of allowed
Class 4a claims.   The Plan Supplement provides that only avoidance
against Baronia and MCT Dairies will be vested in the Rienzi
Creditors' Trust on the Effective Date.  A copy of the Plan
Supplement is available for free at:

   http://bankrupt.com/misc/Rienzi_Sons_260_PS_Am_Plan.pdf

                     About Rienzi & Sons, Inc.

Rienzi & Sons filed a Chapter 11 bankruptcy petition (Bankr.
E.D.N.Y. Case No. 15-40926) on March 3, 2015. The petition was
signed by Michael Rienzi as president.  The Debtor disclosed
assets of 13,349,383 and total liabilities of $24,965,511.

Vincent J Roldan, Esq., and Michael J. Sheppeard, Esq., at Ballon
Stoll Bader & Nadler P.C., serve as counsel to the Debtor.  Judge
Nancy Hershey Lord presides over the Chapter 11 case.

Wayne Greenwald, P.C., represents Alma Bank.

The U.S. Trustee for for Region 2 appointed five creditors to
serve in the Official Committee of Unsecured Creditors.  Klestadt
Winters Jureller Southard & Stevens LLP represents the Committee.


ROSETTA GENOMICS: Incurs $17.3 Million Loss in 2015
---------------------------------------------------
Rosetta Genomics Ltd. filed with the Securities and Exchange
Commission its annual report on Form 20-F reporting a loss from
continuing operations of US$17.3 million on US$8.26 million of
total revenues for the year ended Dec. 31, 2015, compared to a loss
from continuing operations of US$14.5 million on US$1.32 million of
total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Rosetta had US$22.4 million in total assets,
US$2.80 million in total liabilities and US$19.62 million in total
shareholders' equity.

Since the Company's inception, it has generated significant losses
and expects to continue to generate losses for the foreseeable
future.  As of Dec. 31, 2015, the Company had an accumulated
deficit of $140.3 million.  The Company has funded its operations
primarily through the proceeds from the sales of its equity
securities.  As of Dec. 31, 2015, the Company had cash, cash
equivalents and short-term bank deposit of $13.5 million, compared
to $15.6 million as of Dec. 31, 2014.

"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.  We plan to file a new 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 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 offering.  The U.S.
dollar value of our securities that we could issue under such new
shelf registration statement will be 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;

   * monetizing 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.

A full-text copy of the Form 20-F is available for free at:

                      http://is.gd/4IqZJP

                         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: Registers $75M Securities for Sale
----------------------------------------------------
Rosetta Genomics Ltd. disclosed in a regulatory filing with the
Securities and Exchange Commission it may sell its ordinary shares,
debt securities, rights, warrants and units comprising any
combination of these securities for an aggregate offering price
$75,000,000.

The Company's ordinary shares are currently listed on The NASDAQ
Capital Market under the symbol "ROSG."  On March 22, 2016, the
last reported sale price of the Company's ordinary shares was $1.41
per share.

As of March 22, 2016, the aggregate market value of the Company's
outstanding ordinary shares held by non-affiliates was
approximately $31,091,400, based on 20,851,225 ordinary shares
outstanding, of which 20,727,600 shares were held by
non-affiliates, and a per share price of $1.50 based on the closing
sale price of the Company's ordinary shares on March 9, 2016.  The
Company has sold securities with an aggregate market value of
approximately $711,162, pursuant to General Instruction I.B.5. of
Form F-3 during the prior 12 calendar-month period that ends on,
and includes, the date of this prospectus.

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

                       http://is.gd/N62T6h

                          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
US$17.34 million on US$8.26 million of total revenues for the year
ended Dec. 31, 2015, compared to a loss from continuing operations
of US$14.52 million on US$1.32 million of total revenues for the
year ended Dec. 31, 2014.

As of Dec. 31, 2015, Rosetta had US$22.42 million in total assets,
US$2.80 million in total liabilities and US$19.62 million in total
shareholders' equity.


RST CRANES: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: RST Cranes, Inc.
        701 Bailey Avenue
        Tehachapi, CA 93561

Case No.: 16-10954

Chapter 11 Petition Date: March 24, 2016

Court: United States Bankruptcy Court
       Eastern District of California (Fresno)

Judge: Hon. Fredrick E. Clement

Debtor's Counsel: Leonard K. Welsh, Esq.
                  LAW OFFICES OF LEONARD K. WELSH
                  4550 California Ave 2nd Fl
                  Bakersfield, CA 93309
                  Tel: 661-328-5328
                  E-mail: lwelsh@lkwelschlaw.com

Total Assets: $2.52 million

Total Liabilities: $2.20 million

The petition was signed by Richard Torres, Jr., president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/caeb16-10954.pdf


SABINE OIL: $4.97 Billion in Claims Filed as of Feb. 20
-------------------------------------------------------
Sabine Oil & Gas Corporation disclosed in a regulatory filing with
the Securities and Exchange Commission that as of February 20,
2016, approximately 1,542 claims totaling approximately $4.97
billion had been filed with the Bankruptcy Court against the
Debtors.

On August 28, 2015, the Debtors filed with the Bankruptcy Court
schedules and statements setting forth, among other things, the
assets and liabilities of the Debtors, subject to the assumptions
filed in connection therewith.  The Debtors amended their Schedules
and Statements on October 14, 2015, and may subsequently decide to
further amend or modify their Schedules and Statements.

On October 21, 2015 the Debtors filed a motion to set a bar date to
assist with the claims reconciliation process.  

On January 26, 2016, the Debtors filed with the Bankruptcy Court a
joint plan of reorganization for the resolution of the outstanding
claims against and interests in the Debtors and a disclosure
statement related thereto. The Plan, if implemented as proposed by
the Debtors, would significantly reduce our outstanding long-term
debt and annual interest payments. The Disclosure Statement has not
yet been approved by the Bankruptcy Court.

Although the Debtors currently have the exclusive right to file a
plan and solicit the appropriate votes thereon, such rights expire
on February 10, 2016 and April 11, 2016, respectively. Accordingly,
the Debtors have filed a motion to further extend their exclusive
right to file and solicit acceptance of the Plan of Reorganization,
or any other plan, through June 9, 2016 and August 9, 2016,
respectively.  A hearing on that motion will be held before the US
Bankruptcy Court on April 7, 2016 and April 11, 2016.

"It is possible that claimants will file amended claims in the
future, including claims amended to assign values to claims
originally filed with no designated value," the Company said in its
Annual Report filed with the SEC.  "Through the claims resolution
process, we have identified, and we expect to continue to identify,
claims that we believe should be disallowed by the Bankruptcy Court
because they are duplicative, have been later amended or
superseded, are without merit, are overstated or for other reasons.
We will file objections with the Bankruptcy Court as necessary for
claims we believe should be disallowed."

"In light of the number of claims filed, the claims resolution
process will take additional time to complete, and it may continue
after our emergence from bankruptcy. Accordingly, the ultimate
number and amount of allowed claims is not presently known, nor can
the ultimate recovery with respect to allowed claims be presently
ascertained."

Sabine O&G added: "There can be no assurances regarding our ability
to successfully develop, confirm or consummate the Plan of
Reorganization, an alternative plan or reorganization or another
alternative restructuring transactions, including a sale of all or
substantially all of our assets, which satisfies the conditions of
the Bankruptcy Code and is authorized by the Bankruptcy Court."

                     About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the
North
Louisiana Haynesville.  The Company operates, or has joint working
interests in, approximately 2,100 oil and gas production sites
(approximately 1,800 operating and approximately 315
non-operating)
and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11
protection(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on
July 15, 2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SDI SOLUTIONS: Cash Collateral Use Has Interim OK; April 5 Hearing
------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered on
March 16, 2016, an order granting SDI Solutions LLC, et al.,
authorization to use cash collateral and incur postpetition debt on
an interim basis.

A final hearing on the Debtors' motion to use cash collateral and
obtain financing is set for April 5, 2016, at 3:00 p.m.

As reported by the Troubled Company Reporter on March 15, 2016, the
Debtors sought authority to use cash collateral of prepetition
secured lender PGV Solutions Midwest, LLC, saying that they need to
use of the Cash Collateral to, among other things, maintain their
ongoing business operations and to pay the costs and expenses
associated with the administration of their Chapter 11 cases by
providing for periodic payments under their revolving loan
facility.

As adequate protection for the Prepetition First Priority Lender
with respect to, and solely to the extent of, any diminution of
value in the prepetition collateral from and after the Petition
Date, the Prepetition First Priority Lender will receive: (a)
replacement liens in the Debtors' real and personal property,
subject to the postpetition liens in favor of the Postpetition
Lender, Permitted Liens, and the Carveout; and (b) an allowed
claims under Section 507(b) of the Bankruptcy Code, subject to the
Carveout but with priority over all other costs and expenses of
administering the Chapter 11 cases that are incurred under any
provision of the Bankruptcy Code.

A copy of the interim order is available for free at:

                         http://is.gd/XDfWHB

On March 16, the Court also entered an order directing the joint
administration of the Debtors' cases.  SDI Solutions LLC (Case No.
16-10627) is the lead case.

                         About SDI Solutions

Headquartered in Chicago, Illinois, SDI Solutions is a
privately-held company engaged in the security system and IT
industry, and provides advanced security systems integration and
managed services, ranging from strategic advisory services on
system selection to long-term operational and technical support for
clients' physical security/IT systems and infrastructure.

SDI Solutions services over 700 customers nationwide, including
large metro areas, state and local governments, and the numerous
agencies that are regulated by them, such as airports, port
authorities, utilities, financial institutions, and commercial
enterprises.

SDI Solutions LLC and SDI Opco Holdings, LLC filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10627 and
16-10628, respectively) on March 13, 2016.  David Sullivan signed
the petition as chief executive officer.  The Debtors estimated
both assets and liabilities in the range of $10 million to $50
million.

DLA Piper LLP (US) serves as the Debtors' counsel.  Gulf Atlantic
Capital Corporation acts as the Debtors' financial advisor.
Donlin, Recano & Company, Inc. represents the Debtors as claims and
noticing agent.


SEARS HOLDINGS: Enters Into Plan Protection Arrangement With PBGC
-----------------------------------------------------------------
Sears Holdings Corporation announced that it has entered into a
five-year pension plan protection and forbearance agreement with
the Pension Benefit Guaranty Corporation implementing the terms of
the previously announced term sheet, dated as of Sept. 4, 2015,
entered into by the Company and PBGC.  Pursuant to the Definitive
Agreement, the Company will continue (as it has since at least
2006) to protect, or "ring-fence," pursuant to customary covenants,
the assets of certain special purpose subsidiaries holding real
estate and/or intellectual property assets.

Also under the Definitive Agreement, the Relevant Subsidiaries have
granted PBGC a springing lien on the ring-fenced assets, which lien
will be triggered only by (a) failure to make required
contributions to the Company's pension plan, (b) prohibited
transfers of ownership interests in the Relevant Subsidiaries, (c)
termination events with respect to the Plan, and (d) bankruptcy
events with respect to the Company or certain of its material
subsidiaries.

The Company will continue to make required contributions to the
Plan, the scheduled amounts of which are not affected by the
Definitive Agreement.  The Company has consistently managed its
business such that it is able to meet its obligations to the Plan
despite the historically unprecedented low interest rate
environment.  Although the Company believes that no basis exists
under ERISA for an involuntary or distress termination of the Plan,
PBGC has further agreed to forbear from initiating an involuntary
termination of the Plan, except upon the occurrence of specified
conditions.

"Concluding this agreement is another positive step forward for the
Company; it preserves the Company's operational and financial
flexibility to continue with the transformation and provides
meaningful protections to the PBGC," said Edward S. Lampert, Sears
Holdings' chairman and chief executive officer.

                        About Sears

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

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

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

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

Sears Holdings reported a net loss of $1.12 billion on $25.14
billion of revenues for the year ended Jan. 30, 2016, compared to a
net loss of $1.81 billion on $31.19 billion of revenues for the
year ended Jan. 31, 2015.

As of Jan. 30, 2016, Sears Holdings had $11.33 billion in total
assets, $13.29 billion in total liabilities and a total deficit of
$1.95 billion.

                            *     *     *

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

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

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

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


SEQUENOM INC: Camber Capital Reports 14.5% Stake as of March 23
---------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Camber Capital Management LLC and Stephen DuBois
reported that as of March 23, 2016, they beneficially own
17,325,000 shares of common stock of Sequenom Inc. representing
14.54 percent of the shares outstanding.  A copy of the regulatory
filing is available for free at http://is.gd/5oZ4Ph

                        About Sequenom

Sequenom, Inc. (NASDAQ: SQNM) -- http://www.sequenom.com/-- is a
life sciences company committed to improving healthcare through
revolutionary genetic analysis solutions.  Sequenom develops
innovative technology, products and diagnostic tests that target
and serve discovery and clinical research, and molecular
diagnostics markets.  The company was founded in 1994 and is
headquartered in San Diego, California.

Sequenom reported a net loss of $16.3 million on $128 million of
total revenues for the year ended Dec. 31, 2015, compared to net
income of $1.01 million on $152 million of total revenues for the
year ended Dec. 31, 2014.

As of Dec. 31, 2015, Sequenom had $119 million in total assets,
$157 million in total liabilities and a total stockholders' deficit
of $38.4 million.


SFS LTD: Shah, et al., Have Until April 4 to Reply to Complaint
---------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Florida has
given Swapnil Shah and 11 others until April 4 to reply to a
complaint filed by the official committee representing Simply
Fashion Stores Ltd.'s unsecured creditors.

The committee filed the complaint to recharacterize the claims
against Simply Fashion by entities owned or controlled by Swapnil
and Shail Shah, the company's officers and indirect equity
holders.

In its complaint, the committee alleged the Shahs responded to the
company's liquidity crisis by "putting their own financial
interests first."

The committee alleged the Shahs infused equity disguised as
unsecured debt into Simply Fashion to "create a short-term solution
to the company's working capital issues" and that more equity
disguised as a secured term loan was infused into the company when
the capital raise proved insufficient.

"[The Shahs] had very good economic reasons for keeping Simply
Fashion operating as long as possible," the committee said in the
complaint.

According to the committee, over half of all the merchandise sold
in Simply Fashion's stores was sourced from manufacturing
facilities in India operated by the Shahs' uncles.

"Instead of using this source of vertical integration to create
cost savings and synergies, the [Shahs] set up shell companies to
serve as middlemen between Simply Fashion and their family
interests overseas," the committee said.

The Shahs also caused Simply Fashion to deliver a significant
amount of product to the Dots online business without receiving any
value in return, the committee further said.

Dots is a women's apparel retailer whose online platform was
acquired by the Shahs in mid-2014, according to the complaint.

                   About Simply Fashion Stores

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

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

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

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

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

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

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

                           *     *     *

On Aug. 20, 2015, the Court entered an order authorizing the
Debtors to sell their intellectual property assets.  Pursuant to
Section 5.1(b) of the Asset Purchase Agreement, the Debtors have
changed the legal name of "Simply Fashion Stores, Ltd." to "SFS,
Ltd."  The Court on March 2, 2016, entered an order granting the
Debtors a limited exclusivity extension.  The period within which
only the Debtors may file a plan is extended, through and including
April 11, 2016.  The period within which the Debtors may solicit
acceptances of a plan is extended through and including June 10,
2016.


SKYLINE CORP: May Issue 700,000 Shares Under 2015 Stock Plan
------------------------------------------------------------
Skyline Corporation filed with the Securities and Exchange
Commission a Form S-8 registration statement to register 700,000
shares of common stock available for issuance under the Company's
2015 Stock Incentive Plan.  A copy of the prospectus is available
at http://is.gd/Pb1vc4

                       About Skyline Corp

Skyline Corporation was originally incorporated in Indiana in 1959,
as successor to a business founded in 1951.  Skyline Corporation
and its consolidated subsidiaries designs, produces and markets
manufactured housing, modular housing and park models to
independent dealers and manufactured housing communities located
throughout the United States and Canada.  Manufactured housing is
built to standards established by the U.S. Department of Housing
and Urban Development, modular homes are built according to state,
provincial or local building codes, and park models are built
according to specifications established by the American National
Standards Institute.

For the year ended May 31, 2015, the Company reported a net loss of
$10.41 million compared to a net loss of $11.86 million for the
year ended May 31, 2014.

Crowe Horwath LLP, in Fort Wayne, Indiana, issued a "going concern"
qualification on the consolidated financial statements for the year
ended May 31, 2015, citing that the Company has incurred recurring
operating losses and negative cash flows from operating activities.
The Company has a line of credit in place, however prospective
debt covenant violations may limit the Company's ability to access
these funds which would impact its liquidity.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


SKYLINE CORP: Tontine Asset Reports 5.3% Stake as of March 21
-------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Tontine Asset Associates, LLC and Jeffrey L. Gendell
reported that as of March 21, 2016, they beneficially own 448,587
shares of common stock of Skyline Corporation, representing 5.35
percent of the shares outstanding.  A copy of the regulatory filing
is available at http://is.gd/4HqBCv

                     About Skyline Corp

Skyline Corporation was originally incorporated in Indiana in 1959,
as successor to a business founded in 1951.  Skyline Corporation
and its consolidated subsidiaries designs, produces and markets
manufactured housing, modular housing and park models to
independent dealers and manufactured housing communities located
throughout the United States and Canada.  Manufactured housing is
built to standards established by the U.S. Department of Housing
and Urban Development, modular homes are built according to state,
provincial or local building codes, and park models are built
according to specifications established by the American National
Standards Institute.

For the year ended May 31, 2015, the Company reported a net loss of
$10.41 million compared to a net loss of $11.86 million for the
year ended May 31, 2014.

Crowe Horwath LLP, in Fort Wayne, Indiana, issued a "going concern"
qualification on the consolidated financial statements for the year
ended May 31, 2015, citing that the Company has incurred recurring
operating losses and negative cash flows from operating activities.
The Company has a line of credit in place, however prospective
debt covenant violations may limit the Company's ability to access
these funds which would impact its liquidity.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


SPENDSMART NETWORKS: Alex Minicucci Quits as CEO and Director
-------------------------------------------------------------
Alex Minicucci resigned his position as chief executive officer and
was appointed to the position of chief strategy officer effective
March 24, 2016, according to a Form 8-K report filed with the
Securities and Exchange Commission.  Mr. Minicucci also resigned
his position as a member of the Board of Directors.  

The Board of Directors appointed Chairman Jerold Rubinstein to the
position of interim chief executive officer until the appointment
of a permanent chief executive officer.  Mr. Rubinstein has served
as a member of the Board of Directors and Chairman of the Company's
Audit Committee since October 2013.

                  About SpendSmart Networks

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

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

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

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


SPENDSMART NETWORKS: Grants Restricted Stock and Options
--------------------------------------------------------
Spendsmart Networks, Inc., effective March 21, 2016, granted to the
following directors and employees the following restricted stock or
options:

   (a) Director Joseph Proto, 350,000 restricted shares of common
       stock vesting fifty percent upon grant and fifty percent on

       the one year anniversary or based upon a change in control;

   (b) Director John Eyler, options to purchase 464,331 shares of
       common stock vesting fifty percent upon grant and fifty
       percent on the one year anniversary or based upon a change
       in control;

   (c) director Cary Sucoff 350,000 restricted shares of common
       stock vesting fifty percent upon grant and fifty percent on

       the one year anniversary or based upon a change in control;

   (d) director Pat Kolenik 350,000 restricted shares of common
       stock vesting fifty percent upon grant and fifty percent on

       the one year anniversary or based upon a change in control;

   (e) Director Chris Leong, options to purchase 464,331 shares of
       common stock vesting fifty percent upon grant and fifty
       percent on the one year anniversary or based upon a change
       in control;

   (f) Chairman Jerold Rubinstein, options to purchase 663,330
       shares of common stock vesting fifty percent upon grant and

       fifty percent on the one year anniversary or based upon a
       change in control, and options to purchase 1,261,745 shares

       of common stock vested upon grant;

   (g) Vice Chairman Isaac Blech, options to purchase 663,330
       shares of common stock vesting fifty percent upon grant and

       fifty percent on the one year anniversary or based upon a
       change in control;

   (h) Director Alex Minicucci, options to purchase 464,331 shares
       of common stock vesting fifty percent upon the one year
       anniversary and fifty percent on the two year anniversary
       or based upon a change in control;

   (i) employee Luke Wallace, options to purchase 397,998 shares
       of common stock vesting fifty percent upon the one year
       anniversary and fifty percent on the two year anniversary
       or based upon a change in control;

   (j) employee Brett Schnell, options to purchase 198,999 shares
       of common stock vesting fifty percent upon the one year
       anniversary and fifty percent on the two year anniversary
       or based upon a change in control; and

   (k) employee Tim Boris options to purchase 397,998 shares of
       common stock vesting fifty percent upon the one year
       anniversary and fifty percent on the two year anniversary
       or based upon a change in control.

All of the options have an exercise price of $0.12 and a term of
five years.

                    About SpendSmart Networks

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

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

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

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


STAR COMPUTER: Wants $197K Asset Sale to MG Accessories Approved
----------------------------------------------------------------
Star Computer Group, Inc., asks the U.S. Bankruptcy Court for the
Southern District of Florida, Miami Division, to approve its
proposed sale of Argom inventory and intellectual property.

The Debtor seeks approval of the sale of the assets to MG
Accessories and Distribution, Inc., pursuant to the terms of two
letter agreements.

The first agreement provides that MG agrees to purchase Argom
accessories inventory and Argom trademarks, copyrights and
intellectual property for a total purchase price of $111,000.  The
second agreement provides that MG agrees to purchase Argom mobile
inventory for a total purchase price of $86,324.

The proposed sale will result in proceeds to the Debtor of
approximately $197,324, for the assets which would otherwise yield
an uncertain return and which the Debtor has been unable to sell to
bulk buyers.  

The Debtor contends that any question as to the reasonableness of
the purchase price should be dispelled by the fact that the Debtor
will continue to entertain competing offers and will notice all
interested parties and creditors as to the sale of the Assets,
thereby enhancing the Debtor's ability to receive the highest and
best value for the Assets.

The Debtor will entertain competing offers for the assets subject
to these terms:

   (a) Any such offer must be presented at least five business days
in advance of the hearing scheduled on the  Motion in the form an
executed letter agreement containing the same material terms as the
Agreement;

   (b) Any such offer must be for at least $10,000 in excess of the
total consideration provided by the Agreements; and

   (c) Any such offers must be accompanied by a good faith deposit
of $50,000 to evidence the bidder's commitment to close following
court approval, which shall be refunded in the event the Court
approves a sale to someone other than the bidder.

In the event that one or more qualifying competing offers are
timely submitted, the MG be entitled to participate in the auction
upon submission of a $50,000 good faith deposit on the same terms.
Such auction, if necessary, will be conducted two business days
prior to the hearing with notice to each qualified competing
bidder, and the Debtor will advise the Court at the hearing of the
highest and best offer received.

                       Exclusivity Extension

Star Computer Group asked the Court to extend the exclusive periods
within which it may file a plan of reorganization and solicit
acceptances thereto, through March 21, 2016 and May 23, 2016,
respectively.

The Debtor relates that a draft Plan has been circulated to counsel
for the Official Committee of Unsecured Creditors and to counsel
for the Debtor's primary lender, BankUnited, N.A., and is in
process of obtaining and incorporating feedback and comments into
the Plan.  The Debtor further relates that it remains optimistic
that those discussions will result in a consensual plan, but will
require more time for those negotiations.  The Debtor believes it
has taken, and will continue to take, appropriate steps to bring a
viable plan to fruition that will benefit the estate and all of its
creditors, and a termination of exclusivity may impede that
progress.

Star Computer Group is represented by:

          Corali Lopez-Castro, Esq.
          David L. Rosendorf, Esq.
          Vincent F. Alexander, Esq.
          Mindy Y. Kubs, Esq.
          KOZYAK TROPIN & THROCKMORTON, LLP
          2525 Ponce de Leon Blvd., 9th Floor
          Miami, FL 33134
          Telephone: (305)372-1800
          Facsimile: (305)372-3508
          E-mail: clc@kttlaw.com
                  dlr@kttlaw.com
                  vfa@kttlaw.com
                  myk@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.

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.


STELLAR BIOTECHNOLOGIES: Applies for Voluntary Delisting From TSX
-----------------------------------------------------------------
Stellar Biotechnologies, Inc., announced that it has applied for
voluntary delisting of the Company's common shares from the TSX
Venture Exchange.  The Company's Shares will continue to trade on
The Nasdaq Capital Market under its symbol "SBOT."

The Board of Directors of the Company made the decision to
voluntarily delist from the TSX-V based on the very limited trading
volume of the Company's shares on the TSX-V, the costs and
resources required to maintain TSX-V listing, and the liquid market
for the Company's Shares on Nasdaq.  The substantial majority of
trades in the Company's Shares now occur on Nasdaq and the Company
believes that its Nasdaq listing provides sufficient liquidity for
its shareholders.  The voluntary delisting from
TSX-V will allow the Company to reduce listing fees, costs, and
administrative burden associated with listing the Company's Shares
on two separate stock exchanges.

Upon approval, the TSX Venture Exchange will issue a bulletin
setting the effective date of the voluntary delisting.  Thereafter,
the Company Shares will trade solely on Nasdaq under Stellar's
ticker symbol "SBOT."

Shareholders holding shares in Canadian brokerage accounts should
contact their brokers to obtain information on how to trade their
shares on Nasdaq.

For additional information regarding the Company's Voluntary
Delisting for TSX-V, please visit:
http://ir.stellarbiotechnologies.com/tsx-v-voluntary-delisting-faq

The Company continues to be a reporting issuer under Canadian
securities laws and thus remains subject to Canadian continuous
disclosure obligations.

                         About Stellar

Port Hueneme, Cal.-based Stellar Biotechnologies, Inc.'s
business is to commercially produce and market Keyhole Limpet
Hemocyanin ("KLH") as well as to develop new technology related to
culture and production of KLH and subunit KLH ("suKLH")
formulations.  The Company markets KLH and suKLH formulations to
customers in the United States and Europe.

KLH is used extensively as a carrier protein in the production of
antibodies for research, biotechnology and therapeutic
applications.

Stellar Biotechnologies reported a net loss of $8.43 million for
the year ended Aug. 31, 2014, a net loss of $14.5 million for the
year ended Aug. 31, 2013, and a net loss of $5.52 million for the
year ended Aug. 31, 2012.  Stellar Biotechnologies reported a net
loss of $2.84 million on $758,689 of revenues for the year ended
Sept. 30, 2015.

As of Dec. 31, 2015, the Company had $10.35 million in total
assets, $723,675 in total liabilities and $9.63 million in total
shareholders' equity.


STERLING ENGINEERING: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Sterling Engineering Group of Companies, L.L.C.
        14025 West Rd.
        Houston, TX 77041

Case No.: 16-31442

Chapter 11 Petition Date: March 24, 2016

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

Judge: Hon. David R Jones

Debtor's Counsel: Kevin M Madden, Esq.
                  LAW OFFICES OF KEVIN MICHAEL MADDEN, PLLC
                  5225 Katy Freeway, Ste 520
                  Houston, TX 77007
                  Tel: 281-888-9681
                  Fax: 832-538-0937
                  E-mail: kmm@kmaddenlaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Sandeep Patel, manager.

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


STONE ENERGY: No Longer Qualifies for Bonding Exemptions
--------------------------------------------------------
The Bureau of Ocean Energy Management requires all operators in
federal waters to provide financial assurances sufficient to cover
the estimated cost of plugging and abandoning wells and
decommissioning offshore facilities.  Historically, Stone Energy
Corporation has been able to obtain an exemption from most bonding
obligations based on financial net worth.  

As disclosed in a regulatory filing with the Securities and
Exchange Commission, on March 21, 2016, Stone received notice
letters from BOEM stating that BOEM had determined that Stone no
longer qualifies for a supplemental bonding waiver under the
financial criteria specified in BOEM's current guidance to lessees.
As stated in the Company's 2015 Annual Report on Form 10-K, the
Company had expected that it would no longer qualify for this
exemption.  BOEM's notice letters indicate the amount of Stone's
supplemental bonding needs is approximately $565 million.  

Stone said it is in discussions with BOEM to reduce the amount of
the supplemental bonding or other forms of financial assurance that
the agency may require and the timing of when such bonds or
financial assurances may need to be provided.  As a result, Stone
has not yet obtained any additional bonds, or acceptable
replacement collateral or other financial assurances.  Stone may
seek to utilize different forms of financial assurances, but cannot
provide assurance these different forms of collateral will be
acceptable to BOEM.

                        About Stone Energy

Stone Energy is an independent oil and natural gas company engaged
in the acquisition, exploration, exploitation, development and
operation of oil and gas properties.  The Company has been
operating in the Gulf of Mexico Basin since its incorporation in
1993 and have established a technical and operational expertise in
this area.  The Company has leveraged its experience in the GOM
conventional shelf and expanded its reserve base into the more
prolific basins of the GOM deep water, Gulf Coast deep gas and the
Marcellus and Utica shales in Appalachia.  As of Dec. 31, 2015, the
Company's estimated proved oil and natural gas reserves were
approximately 57 MMBoe or 342 Bcfe.  During 2015, approximately 95
MMBoe or 570 Bcfe of the Company's estimated proved reserves were
revised downward as a result of lower oil, natural gas and natural
gas liquids prices.

Stone Energy reported a net loss of $1.1 billion in 2015 following
a net loss of $189.54 million in 2014.

As of Dec. 31, 2015, the Company had $1.41 billion in total assets,
$1.44 billion in total liabilities, and a $39.8 million total
stockholders' deficit.

"We are currently in discussions with our banks regarding an
amendment to our bank credit facility to address this potential
covenant issue.  We cannot provide any assurances that we will
reach an agreement with the lenders under our bank credit facility
on a waiver or amendment on a timely basis, or on satisfactory
terms, to alleviate any non-compliance with our debt covenants.
Additionally, we have $1,075,000 of senior indebtedness that we
need to restructure or pay down.  We are in the process of
analyzing various strategic alternatives to address our liquidity
and capital structure, including strategic and refinancing
alternatives through a private restructuring, asset sales and a
prepackaged bankruptcy filing.  We cannot provide any assurances
that we will be able to complete a private restructuring or asset
sales on satisfactory terms to provide the liquidity to restructure
or pay down our senior indebtedness," the Company stated in the
2015 Annual Report.


SUNEDISON INC: May Face Default if Earnings Are Further Delayed
---------------------------------------------------------------
Brian Eckhouse and Christopher Martin, writing for Bloomberg Brief,
reported that SunEdison Inc. has already postponed the release of
its 2015 annual report and it it fails to file the report by March
30, it must reach accommodations with lenders on at least $1.4
billion in loans and credit facilities or face a potential
technical default.

According to the report, SunEdison reported total debt of $11.7
billion at the end of September, more than double the amount a year
earlier, as it bought up wind and solar developers and projects on
six continents.  That's prompted questions about whether it
borrowed too much, too fast, and has helped make it the worst
performer on the 104-member WilderHill New Energy Global Innovation
Index in the past year, the report said.

"They have a big issue coming with their debt," Patrick Jobin, an
analyst at Credit Suisse Group AG, told Bloomberg, citing two
credit facilities that require the company to provide financial
disclosures.  Because that hasn't happened, it's unclear if
SunEdison is able to meet its obligations, he further told
Bloomberg.  "We're sitting here blindfolded.  I don't even know
what cash-generating assets they have left."

As previously reported by The Troubled Company Reporter, citing
Bloomberg News, on March 23 SunEdison fell the most in five weeks
after a report that it is in debtor-in-possession negotiations with
some creditors on $725 million in second-lien loans.  According to
the March 23 report, SunEdison declined 26 percent to $1.49 at the
close in New York, the most since Feb. 12.

Steven Davidoff Solomon, writing for The New York Times' DealBook,
said the immediate cause of SunEdison's distress is the
now-terminated agreement to acquire Vivint for $2.2 billion that
was struck last July.  The highly leveraged deal flashed caution
from the start, the DealBook said.  SunEdison agreed to acquire
Vivint Solar, but could not afford to pay the $2.2 billion, the
report related.  Instead, the deal consisted of cash and SunEdison
common stock, the report added.  SunEdison did not have the cash so
it arranged to borrow $500 million from Goldman Sachs Bank USA, and
agreed to issue $350 million in convertible notes to Vivint
holders, debt instruments that SunEdison would pay out later at
2.25 percent interest, the report further related.  


TATOES LLC: Asks Permission to Pay Family Members' Salaries
-----------------------------------------------------------
Tatoes, LLC, et al., seek permission from the Bankruptcy Court to
compensate insiders during the pendency of their bankruptcy cases.
It is the Debtors' intention to pay the annual salary to each of
the family members on a pro rata bi-weekly basis.  Each of the
insiders historically has performed work for each of the Debtors as
part of their job functions and responsibilities.  


                                          Annual        2015
  Name                                    Salary     Compensation
  ----                                  ----------   ------------
Del Alan Christensen                     $30,000        $99,448
Owner

Daneen Elaine Christensen                $0             $17,550
Owner, Office Manager

Dean Alan Christensen                    $50,000       $128,536
Manager at Saddle Mountain Wireless

D Alex Christensen                       $60,000        $93,600
Project Managers

Dallon A Christensen                     $50,000        $58,639
Tatoes, LLC Manager

Damon Aiken Christensen                  $39,428        $39,428
Student at University of Idaho
Graduating in May with an Ag degree
Will be home in May to farm

Dexter Alden Christensen                 $31,250        $31,250
Farm Laborer

Other compensation offered to the family are vehicle insurance,
fuel and cellphones.

                        About Tatoes LLC

Tatoes, LLC, Wahluke Produce, Inc. and Columbia Man., Inc., are
family run businesses engaged in integrated farming, packing,
storage, and shipping enterprise.  Each of the Debtors is owned
100% by couple Del and Daneen Christensen.

The Debtors are jointly and severally liable to their primary
operating lender -- Rabo AgriFinance for $22 million as of the
Petition Date.

Tatoes, Wahluke and Columbia Man filed separate Chapter 11
bankruptcy petitions (Bankr. E.D. Wash. Proposed Lead Case No.
16-00900) on March 21, 2016.  The petitions were signed by Del
Christensen as president.

Tatoes estimated assets in the range of $10 million to $50 million
and liabilities of up to $50 million.


TATOES LLC: Seeks Joint Administration of Cases
-----------------------------------------------
Tatoes, LLC, et al., asked the Bankruptcy Court to  to jointly
administer their Chapter 11 cases under the Lead Case No. 16-00900.
The Debtors said their operations are closely related and a
portion of their general administration and operational expenses
are shared.  

According to the Debtors, joint administration will: (a) provide
for efficiency and will eliminate the need for duplicative notices,
applications, motions, and orders; (b) ensure that notice of the
proceedings will be comprehensively provided; (c) lessen
administrative burden; and (d) relieve the Clerk of the Court of
the burden of entering duplicative orders and maintaining
duplicative files.

                         About Tatoes LLC

Tatoes, LLC, Wahluke Produce, Inc. and Columbia Man., Inc., are
family run businesses engaged in integrated farming, packing,
storage, and shipping enterprise.  Each of the Debtors is owned
100% by couple Del and Daneen Christensen.

The Debtors are jointly and severally liable to their primary
operating lender -- Rabo AgriFinance for $22 million as of the
Petition Date.

Tatoes, Wahluke and Columbia Man filed separate Chapter 11
bankruptcy petitions (Bankr. E.D. Wash. Proposed Lead Case No.
16-00900) on March 21, 2016.  The petitions were signed by Del
Christensen as president.

Tatoes estimated assets in the range of $10 million to $50 million
and liabilities of up to $50 million.


TEMPLAR ENERGY: S&P Lowers Corporate Credit Rating to 'SD'
----------------------------------------------------------
Standard & Poor's Ratings Services lowered the corporate credit
rating on Oklahoma-based oil and gas exploration and production
company Templar Energy LLC to 'SD' from 'CCC-'.

S&P also lowered its issue-level rating on the company's
second-lien debt to 'D' from 'CC'.  The recovery remains '5',
indicating S&P's expectation for modest (10% to 30%, higher end of
the range) recovery in the event of a default.

The rating action reflects Templar's decision to skip its interest
payment on its second-lien term loan and enter into a 30-day-grace
period while it continues to negotiate a debt restructuring with
its lenders.  S&P believes the company will continue to meet its
payment obligations on its reserve-based lending facility while it
negotiates with its second-lien lenders.


TRANSUNION LLC: S&P Affirms BB- Rating on Term Loan B Over Add-On
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' issue-level
rating on Chicago-based consumer credit bureau TransUnion's term
loan B following the company's $100 million add-on to the loan
(issued by TransUnion LLC).  The '3' recovery rating indicates
S&P's expectation for meaningful (50% to 70%; upper half of the
range) recovery in the event of a payment default.

S&P's corporate credit rating on TransUnion remains 'BB-' with a
positive outlook.  S&P's ratings reflect the firm's defensible
market position as one of the three leading consumer credit
reporting firms globally, and leverage that has declined to the
mid-4x area since the firm's IPO in 2015.  S&P do not expect this
transaction to materially affect leverage as proceeds from the
upsized term loan will be used to refinance existing revolver
borrowings.  The positive outlook on TransUnion reflects S&P's
expectation that continued revenue growth, growing international
diversity, and further deleveraging from both increased EBITDA and
additional debt reduction will enable TransUnion to continue to
improve credit metrics over the next year.

RATINGS LIST

TransUnion    
Corporate Credit Rating           BB-/Positive/--

Rating Affirmed

TransUnion LLC   
  Senior Secured                   BB-
   Recovery Rating                 3H


VERITY HEALTH: S&P Affirms 'CCC' Rating on $279MM Bonds
-------------------------------------------------------
Standard & Poor's Ratings Services revised its outlook to stable
from negative and affirmed its 'CCC' rating on California Statewide
Communities Development Authority's $279 million series 2005A,
2005F, 2005G, and 2005H fixed-rate bonds issued for the Daughters
of Charity Health System (DCHS) now known as Verity Health System
(Verity).

"The outlook revision reflects a more stable financial profile
following the Dec. 14, 2015, change of control transaction that
transferred management responsibility for most DCHS assets to
BlueMountain Capital Management LLC with management services
provided by a BlueMountain subsidiary, Integrity Healthcare LLC,"
said Standard & Poor's credit analyst Cynthia Keller.

As part of the transaction, BlueMountain contributed $100 million
to DCHS in exchange for a 15-year management agreement and the
option to purchase the DCHS assets in the future.  In addition,
BlueMountain arranged a $160 million private secured loan to the
corporation for cash flow, operational, and capital support.  A
portion of the 2015 loan, along with unused bond proceeds, was used
to repay $124 million series 2014 short-term debt.  Because of this
financial support, S&P believes a default within the one-year time
frame of this outlook period is less likely.  The next payment to
the series 2005 bondholders is due July 1.

The 'CCC' rating reflects Verity's substantial operating losses,
thin balance sheet cushion, and challenging operating environment,
which makes Verity's ability to repay the series 2005 bonds
dependent on favorable business, financial, and economic
conditions.  Securing the bonds are gross revenue and mortgage
pledges from the DCHS obligated group, which includes all six
hospitals.

The stable outlook reflects S&P's opinion that the additional
balance sheet flexibility provided by BlueMountain's capitalization
should provide rating stability for the one-year covered by S&P's
outlook period.

The future outlook and rating direction should become clearer
during the second half of fiscal year 2016.  In addition, during
the next review S&P anticipates receiving further details about
Verity's enterprise and financial profiles.  Any meaningful trend
of financial improvement, which provides confidence that Verity has
the cash flow and capacity to continue to make debt service
payments could result in a positive outlook or higher rating.

A negative outlook or lower rating could be possible with any
deterioration in financial performance or balance sheet reserves,
which could make Verity highly vulnerable to nonpayment.

Verity operates six acute care hospitals in Northern California and
Southern California clustered around the San Francisco Bay Area
(O'Connor Hospital, St. Louise Regional Hospital, Seton Medical
Center, and Seton Medical Center Coastside) and Los Angeles (St.
Vincent Medical Center and St. Francis Medical Center).  Verity
also operates several related companies including long-term care,
dialysis, and various charitable foundations.


VERMILLION INC: Reports Fourth Quarter and Full Year 2015 Results
-----------------------------------------------------------------
Vermillion, Inc., reported a net loss of $4.98 million on $361,000
of total revenue for the three months ended Dec. 31, 2015, compared
to a net loss of $4.07 million on $1.56 million of total revenue
for the same period in 2014.

For the year ended Dec. 31, 2015, Vermillion reported a net loss of
$19.11 million on $2.17 million of total revenue compared to a net
loss of $19.21 million on $2.52 million of total revenue for the
year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $20.96 million in total
assets, $3.41 million in total liabilities and $17.54 million in
total stockholders' equity.

"We are very pleased to have the clearance of our 2nd generation
ovarian cancer risk assessment test, Overa.  This is an historic
milestone for Vermillion since it will allow us to deliver our
proprietary technology with superior negative predictive value and
positive predictive value coupled with a global platform, the Roche
cobas 6000," stated Valerie Palmieri, president and CEO of
Vermillion, Inc.

As of Dec. 31, 2015, cash and equivalents totaled $18.6 million.
The company utilized $5.3 million in cash in the fourth quarter of
2015 including approximately $700,000 primarily for information
technology infrastructure.  Cash utilization after the first
quarter of 2016 is expected to decrease as a result of the
restructuring that the Company announced in February of 2016.  The
Company's goal is to reduce operating expense by approximately 20%
from its 2015 run rate.

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

                        http://is.gd/TjZ5oH
  
                          About Vermillion

Vermillion, Inc., is dedicated to the discovery, development and
commercialization of novel high-value diagnostic tests that help
physicians diagnose, treat and improve outcomes for patients.
Vermillion, along with its prestigious scientific collaborators,
has diagnostic programs in oncology, hematology, cardiology and
women's health.

The Company filed for Chapter 11 bankruptcy protection (Bankr. D.
Del. Case No. 09-11091) on March 30, 2009.  Vermillion's legal
advisor in connection with its successful reorganization efforts
wass Paul, Hastings, Janofsky & Walker LLP.  Vermillion emerged
from bankruptcy in January 2010.  The Plan called for the Company
to pay all claims in full and equity holders to retain control of
the Company.


WAFERGEN BIO-SYSTEMS: Reports $20.0 Million Net Loss for 2015
-------------------------------------------------------------
WaferGen Bio-systems, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to common stockholders of $19.99 million on $7.16
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss attributable to common stockholders of $10.7 million
on $6 million of total revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Wafergen had $22.9 million in total assets,
$7.17 million in total liabilities and $15.7 million in total
stockholders' equity.

As of Dec. 31, 2015, the Company's principal source of liquidity
was $15.2 million in cash and cash equivalents.  The Company had
working capital of $15.5 million as of Dec. 31, 2015. The Company's
funding has primarily been generated by the issuance of equity
securities, which includes
$15.7 million and $18.0 million raised, net of offering costs, in
2015 and 2014, respectively.  The Company also had, as of Dec. 31,
2015, Notes with a principal amount of $5.2 million owing to MTDC,
repayable in August 2020.

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

                     http://is.gd/jN0QyL

                  About WaferGen Bio-systems

Fremont, California-based WaferGen Bio-systems, Inc., engages in
the development of systems for gene expression quantification,
genotyping and stem cell research.  Since 2008, the Company's
primary focus has been on the development, manufacture and
marketing of its SmartChip System, a genetic analysis platform
used for profiling and validating molecular biomarkers in the life
sciences and pharmaceutical drug discovery industries.


WEST 41 PROPERTY: Case Summary & 8 Unsecured Creditors
------------------------------------------------------
Debtor: West 41 Property LLC
        440 West 41st Street
        New York, NY 10036

Case No.: 16-22393

Type of Business: Single Asset Real Estate

Chapter 11 Petition Date: March 25, 2016

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

Judge: Hon. Robert D. Drain

Debtor's Counsel: Arnold Mitchell Greene, Esq.
                  ROBINSON BROG LEINWAND GREENE
                  GENOVESE & GLUCK, P.C.
                  875 Third Avenue, 9th Floor
                  New York, NY 10022
                  Tel: (212) 603-6300
                  Fax: (212) 956-2164
                  E-mail: amg@robinsonbrog.com

Estimated Assets: $0 to $50,000

Estimated Debts: $10 million to $50 million

The petition was signed by David Goldwasser, managing member, GC
Realty Advisors LLC.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/nysb16-22393.pdf


WESTMORELAND COAL: Venor Capital Withdraws Director Nominees
------------------------------------------------------------
Venor Capital Management LP and Westmoreland Coal Company entered
into an agreement on March 23, 2016, pursuant to which:

   (i) Venor Capital agreed to withdraw the Feb. 18, 2016, notice,
       which was submitted by Venor Capital Master Fund Ltd., of
       its intention to nominate Eugene I. Davis and Robert C.
       Flexon for election as directors of the Issuer and not to
       nominate any person for election or propose any business to
       be presented at the Issuer's 2016 annual meeting of
       shareholders; and

  (ii) the Issuer agreed to include Robert C. Flexon on the
       Issuer's slate of director nominees for election at the
       Annual Meeting and to solicit proxies for Mr. Flexon's
       election as a director to the same extent as for the
       election or re-election of any other member of the Issuer's
       slate of directors.  

The Issuer further agreed that, at or before the first regularly
scheduled meeting of the board of directors of the Issuer following
the Annual Meeting, (i) the Board will interview Mr. Davis and at
least one other candidate identified by Venor Capital Management LP
and will select from the Venor Candidates one individual to be
added to the Board, and (ii) the Board will take all steps
necessary (including increasing the size of the Board) to add the
Additional Director to the Board no later than Aug. 15, 2016.

Venor Capital Management LP beneficially owns 1,136,369 shares of
common stock of Westmoreland Coal as of March 23, 2016,
representing 6.2 percent of the shares outstanding.

A full-text copy of the regulatory filing is available at:

                         http://is.gd/oMpTXP

                        About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest        

independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland reported a net loss applicable to common shareholders
of $203.31 million on $1.41 billion of revenues for the year ended
Dec. 31, 2015, compared to a net loss applicable to common
shareholders of $173.11 million on $1.11 billion of revenues for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, Westmoreland
Coal had $1.50 billion in total assets, $2.10 billion in total
liabilities and a total deficit of $601.88 million.

                            *     *     *

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

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

                            *     *     *

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

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



WHISTLER ENERGY: Involuntary Chapter 11 Case Summary
----------------------------------------------------
Alleged Debtor: Whistler Energy II, LLC
                3200 Southwest Freeway, Suite 2050
                Houston, TX 77027

Case Number: 16-10661

Involuntary Chapter 11 Petition Date: March 24, 2016

Court: United States Bankruptcy Court
       Eastern District of Louisiana (New Orleans)

Judge: Hon. Jerry A. Brown

Petitioners' Counsel: Stewart F. Peck, Esq.
                      601 Poydras Street, Suite 2775
                      New Orleans, LA 70130
                      Tel: (504) 568-1990
                      Fax: (504) 529-7418
                      E-mail: speck@lawla.com

   Petitioners                  Nature of Claim     Claim Amount
   -----------                  ---------------     ------------
Romfor Supply Company           Services, Labor       $1,661,005
d/b/a Premiere Fluids            and Materials
International, Romfor
Supply Company
d/b/a Premiere Fluids
International
1035 Dairy Ashford Road
Houston, TX 77079

Adriatic Marine, L.L.C.           Services, Labor     $2,250,625  
P.O. Box 188                       and Materials
Raceland, LA 70394

Hydra Ops, LLC                    Services, Labor       $635,786
14418 Brumbelow Road               and Materials
Needville, TX 77461

Scientific Drilling               Services, Labor       $409,826
International, Inc.                and Materials
16701 Greenspoint
Park Drive, Suite 200
Houston, TX 77060

Patterson Services, Inc.          Services, Labor        $48,795
                                    and Materials


WINDSOR FINANCIAL: U.S. Trustee Forms 3-Member Committee
--------------------------------------------------------
The U.S. Trustee for Region 2 appointed three creditors of Windsor
Financial Group, LLC, to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) Bellevue Square, LLC
         10500 NE 8th Street, Suite 930
         Bellevue, WA 98004
         Contact: Robert Dallain, Senior VP
         Telephone: (425) 460-5842

     (2) Hambleton Group Construction Co., Inc.
         PO Box 11430
         San Juan, PR 00922
         Contact: John Hambleton
         Telephone: (787) 781-8186

     (3) H.C. Pody Company
         946 Simons Avenue
         Bensalem, PA 19020
         Contact: Hugh Pody
         Telephone: (215) 639-2027

Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                     About Windsor Financial

Windsor Financial Group LLC owned and operated ASICS retail stores
in the United States through a license agreement with ASICS America
Corporation.  It opened 13 ASICS retail stores -- including ASICS's
North American flagship store in Times Square -- expanding ASICS's
brand and presence in the United States.

On June 24, 2015, ASICS terminated Windsor's retail operating
agreement due to breach, including for failure to pay for
merchandise it purchased for resale.

On July 28, 2015, ASICS filed a complaint against Windsor in the
California District Court, Civil Action No. 8:15-cv-01194-JVS-JVM,
for injunctive relief and damages for the Debtor's breach of the
MRA, trademark infringement and unfair competition.  ASICS seeks
damages of no less than $5,753,096.

Windsor Financial Group filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 16-10097) on Jan. 15, 2016, intending to
use the chapter 11 process to sue ASICS for its misconduct and
fraud in the hopes of using those litigation proceeds to provide a
distribution to creditors and equity.

Armando Ruiz, the CEO, signed the bankruptcy petition.

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

Lowenstein Sandler LLP serves as the Debtor's counsel.


Z'TEJAS SCOTTSDALE: Court Converts Cases to Chapter 7
-----------------------------------------------------
The Hon. Paul Sala of the U.S. Bankruptcy Court for the District of
Arizon an order granting  the Official Committee of Unsecured
Creditors' motion to convert Z'Tejas Scottsdale, LLC, et al.'s
Chapter 11 cases to cases under Chapter 7.

With respect to the $250,000 paid to the Committee in trust for the
benefit of non-insider general unsecured creditors pursuant to the
settlement approved by the court order dated Nov. 16, 2015, the
Committee will, upon conversion, cause the GUC Trust Funds to be
turned over to the Chapter 7 trustee, who will hold them solely for
the benefit of the non-insider general unsecured claimants.  The
Chapter 7 trustee will disburse the GUC Trust Funds to the holders
of allowed non-insider general unsecured claims and will not be
entitled to invade or use the GUC Trust Funds to pay any costs or
expenses of for any other purpose other than for
payment of the Chapter 7 trustee's compensation earned under 11
U.S.C. Secion326(a) in connection with disbursing the GUC Trust
Funds, with the amount of compensation not, in any event, to exceed
5% of the GUC Trust Funds disbursed.

The Court has ordered the Debtor to file, among other things, a
final report and account to include an accounting of all assets
listed in the Chapter 11 schedules and a complete inventory of all
assets remaining at the time of conversion within 30 days of the
date of conversion.

The Committee filed the conversion motion on Dec. 10, 2015,
claiming that the Debtors had been reluctant to proceed with a
liquidating plan, citing the expense associated therewith, and
indicated in their Nov. 16, 2015 status report that they would
likely seek to convert their Chapter 11 case to Chapter 7.
According to the Committee, the Debtor did not state precisely when
they would seek conversion, only that they would do so after
certain post-closing tasks are completed.

The Committee stated that there is no additional income coming in
with which to pay the ongoing administrative expenses, thereby
resulting in a drain on the Debtors' remaining funds.  Much of
those funds will be needed to pay administrative and Section
503(b)(9) claims, however; and the Committee is concerned about
depleting them by the administrative costs of filing, soliciting,
and obtaining approval of a Chapter 11 plan.  It is concerned that
the process for doing so would be time-consuming and costly, the
Committee said.  The Committee wants to maximize the funds
remaining in the estate for distribution to creditors, conserve the
estate's remaining resources, and effectuate the court-approved
settlement as it relates to the GUC Trust Account funds.  

On Dec. 22, 2015, the U.S. Trustee for Region 14, objected the
additional relief requested by the Committee: (i) the Court "allow
the Committee to thereafter continue in effect . . ." because,
according to the U.S. Trustee, most courts have concluded that
conversion of a Chapter 11 case to a Chapter 7 case results in
dissolution of a Chapter 11 committee; (ii) the Court "allow . . .
an individual selected by the Committee as trustee to see to the
distribution of the GUC trustee funds for the benefit of
non-insider general unsecured creditors . . ." because there is no
legal authority which allows this, as suggested by the fact that
the Committee has cited no legal authority.

Pavilion Holdings, L.L.C., landlord of the Z'Tejas restaurant
premises in Chandler, Arizona, filed with the Court a limited
objection to the conversion motion on Dec. 30, 2015, and requested
that the cure amount --  $75,529.00 -- be determined and paid, and
a notice be filed by the Debtors before the case would be
converted.  

On Jan. 4, 2016, Cornbread Ventures, LP, a former secured creditor
of these estates and the purchaser of substantially all these
estates' operating assets, asked the Court that the conversion
motion be denied or at least continued until all liquor licenses
have been transferred and all restaurant leases have been assumed
and assigned (or, theoretically, rejected) at Cornbread's
designation.  Cornbread has a keen interest in ensuring that these
estates meet their obligations to Cornbread arising from the
Court's sale order, under which the Debtors are required to: (a)
assume and assign to Cornbread the unexpired real property leases
for the restaurant locations Cornbread purchased when Cornbread
designates them; and (b) cooperate in facilitating the transfer to
Cornbread of the Debtors' liquor licenses.  The Macerich Company,
as agent for Scottsdale Fashion Square, LLC, and Landlord 1110 W.
6th Street Property, Ltd., joined Cornbread's objection to the
conversion motion.

On Jan. 8, 2016, the Committee said in a reply to the pleadings
filed by various parties in response to its conversion motion,
"None of the objections to the motion go to the ultimate conversion
of the cases, only to the timing of the conversion . . . .  Since
filing the motion, the Committee has engaged in communications with
the Debtors to discuss their competing views about the timing of
conversion and associated issues.  Those discussions have been
fruitful, and common ground has been reached regarding various
items."

A copy of the Committee's reply is available for free at:

                      http://is.gd/zqn8QU

Pavilion Holdings is represented by:

      Sherman & Howard L.L.C.    
      Bryan A. Albue, Esq.
      Thomas C. Axelsen, Esq.
      201 East Washington Street
      Suite 800
      Phoenix, Arizona 85004-2327
      E-mail: taxelsen@shermanhoward.com

Cornbread is represented by:

      Perkins Coie LLP
      Jordan A. Kroop, Esq.
      Bradley A. Cosman, Esq.
      2901 North Central Avenue, Suite 2000
      Phoenix, Arizona 85012-2788  
      E-mail: JKroop@perkinscoie.com
              BCosman@perkinscoie.com

Macerich is represented by:

      Ballard Spahr LLP
      Craig Solomon Ganz, Esq.
      1 East Washington Street, Suite 2300
      Phoenix, AZ 85004
      Tel: (602) 798-5529
      Fax: (602) 798-5595
      E-mail: ganzc@ballardspahr.com

                  and

      Katten Muchin Rosenman LLP
      Dustin P. Branch, Esq.
      Jessica Mickelsen Simon, Esq.
      2029 Century Park East, Suite 2600
      Los Angeles, CA 90067-3012
      Tel: (310) 788-4400
      Fax: (310) 788-4471
      E-mail: dustin.branch@kattenlaw.com
              jessica.mickelsensimon@kattenlaw.com

1110 W. 6th Street Property is represented by:

      Lewis Roca Rothgerber Christie LLP
      201 East Washington Street, Suite 1200
      Phoenix, Arizona 85004-2595
      Justin J. Henderson, Esq
      Direct Dial: (602) 262-5738
      Direct Fax: (602) 734-3937
      E-mail: jhenderson@lrrc.com

                      About Z'Tejas Scottsdale

Based in Scottsdale, Arizona, Z'Tejas Scottsdale, LLC, et al.,
operate 9 Z'Tejas, Z'Tejas Southwestern Grill and Taco Guild
restaurants within the United States.  The restaurant chain was
founded in 1989 by Larry Foels and Guy Villavso.  Z'Tejas boasts of
exceptional and innovative food and a unique look at each location
to provide a "non-chain feel".  Five restaurants are in Arizona,
three are in Austin, Texas, and one in Costa Mesa, California.  The
company has 300 full time employees and 425 part-time employees.

Z'Tejas Scottsdale and its affiliates sought Chapter 11 protection
(Bankr. D. Ariz. Lead Case No. 15-09178) in Phoenix on July 22,
2015.  The cases are assigned to Judge Paul Sala.

On Feb. 19, 2016, the Court entered an order substantively
consolidating the Debtors' estates for all purposes into the estate
of Z'Tejas Scottsdale, LLC.

The Debtors have tapped Nussbaum Gillis & Dinner, P.C., and
Pachulski Stang Ziehl & Jones LLP as attorneys, and Mastodon
Ventures, Inc., as investment banker.

Lender Cornbread Ventures, LP, is represented by Jordan A. Kroop,
Esq., at Perkins Coie LLP, in Phoenix, Arizona.

The U.S. trustee overseeing the Debtors' bankruptcy cases appointed
Farmers Insurance Company and The Wasserstrom Company to serve on
the official committee of unsecured creditors.  Schneider & Onofry,
P.C., represents the committee.


[*] Moody's Concludes Reviews for 11 US Oilfield Services Companies
-------------------------------------------------------------------
Moody's Investors Service, on March 21, 2016, concluded rating
reviews on eleven US oilfield services companies.  Moody's
confirmed one company's rating, downgraded five companies' ratings
one notch, four companies' ratings two notches, and one company's
rating three notches.

Oil prices have dropped substantially reflecting continued
oversupply in the global oil markets, very high inventory levels
and additional Iranian oil exports coming on line.  Moody's lowered
its oil price estimates on January 21 and expects a slow recovery
for oil prices over the next several years.  Moody's expects that
oilfield services companies will face an extremely challenging
operating environment through at least 2018. Significantly reduced
upstream capital spending and the declining creditworthiness of
upstream customers coupled with an already over-supplied equipment
market will keep pricing under heavy pressure through 2018.
Leverage and cash flow metrics are expected to deteriorate into
2017 as demand for oilfield services declines.

The drop in oil prices and weak natural gas prices has caused a
fundamental change in the energy industry, and its ability to
generate cash flow has fallen substantially.  Moody's believes this
condition will persist for several years.  As a result, Moody's is
recalibrating the ratings of many energy companies to reflect this
industry shift.  For oilfield service companies specifically,
weakening cash flow and liquidity, limited capital market access,
and depressed asset values will hinder the ability of companies to
meaningfully reduce debt creating significant stress in the
industry.  Moody's rating actions reflect the relative credit risk
of oilfield service providers based on each company's leverage,
liquidity, maturity profile, contract coverage, market position,
diversification, and the quality of the customer base.

                          RATINGS RATIONALE

Bristow Group Inc.
Lead Analyst: Sajjad Alam

Moody's downgraded Bristow's Corporate Family Rating (CFR) to Ba3
from Ba2, with a negative outlook.  The downgrade reflects Moody's
expectation of continued weakness in offshore drilling markets
through 2017 and Bristow's diminished revenue prospects from its
oil and gas industry customers.  Despite growing revenues from the
UK Search & Rescue contract, Moody's expects that the deterioration
in global deepwater and ultra-deepwater drilling activity, which
provides the majority of Bristow's revenues, could push Bristow's
debt / EBITDA near 5x in the fiscal year ending March 31, 2017.  As
a result, the company may need covenant relief from its bank group.
Bristow is also facing a $200 million term loan maturity in
November 2017.  The Ba3 CFR is supported by Bristow's global scale,
strong market position in the offshore helicopter services
industry, large and modern fleet of mostly owned aircraft,
contractual relationship with a diverse group of large oil and gas
customers, and management's consistent commitment to safety and
prudent capital management.  With 360 aircraft in its consolidated
fleet as of Dec. 31, 2015, Bristow ranks as one of the top two
players in most major offshore markets.  However, there is excess
capacity of heavy helicopters in the industry today and Bristow may
need to rationalize its fleet to improve operating efficiency and
financial leverage.

The negative outlook reflects the high degree of uncertainty
surrounding Bristow's offshore oil and gas revenues, the potential
need to renegotiate financial covenants, and the refinancing risks
associated with the 2017 term loan maturity.  A downgrade could
occur if Bristow is unable to maintain adequate cushion under the
financial covenants or if debt/EBITDA cannot be sustained below 5x.
Moody's could consider an upgrade if the debt/EBITDA ratio can be
sustained below 4x in a stable industry environment.

Cactus Wellhead LLC

Lead Analyst: Morris Borenstein

Moody's downgraded Cactus' Corporate Family Rating (CFR) to Caa1
from B3, with a negative outlook.  Depressed drilling rig activity
in the US and further pricing pressure resulting from E&P capital
spending reductions will lead Cactus' credit metrics to deteriorate
further in 2016.  Moody's believes the significantly reduced number
of remaining drilling and completion jobs, driven by the lower rig
count, will result in further downward pricing pressure.  The Caa1
reflects the company's small size in the competitive surface
equipment market, the inherent cyclicality of oil and gas drilling
activity to which Cactus is exposed.  With activity projected to
contract, Moody's believe Cactus will still generate modest free
cash flow in 2016, a function of reducing working capital and
cutting capital expenditures by almost half from 2015.  In addition
the company has effective access to $15 million of its revolver
without testing its springing debt to EBITDA covenant.  Moody's
withdrew Cactus's SGL-3 rating.

The negative rating outlook reflects the expectation of weakening
credit metrics and continued declines in drilling rig activity. The
ratings could be downgraded if EBITDA to interest coverage declines
below 1 times.  The ratings could also be downgraded if the company
does not generated free cash flow or the company needs to service
interest through revolver borrowings. The ratings are not likely to
be upgraded through 2016.  However, debt/EBITDA sustained below 6
times while generating free cash flow could result in an upgrade.

CJ Holding Co.
Lead Analyst: Sajjad Alam

Moody's downgraded CJ's Corporate Family Rating (CFR) to Caa3 from
B3, with a negative outlook.  The downgrade reflects CJ's
unsustainable capital structure, weak liquidity and the elevated
risks of a debt restructuring in a challenged North American
drilling and completion market.  The company achieved breakeven
EBITDA in the second half of 2015 and Moody's expects minimal
EBITDA generation in 2016 that will keep the debt/EBITDA ratio at
an extremely high level.  CJ may also struggle to meet the minimum
EBITDA requirements set forth under its credit facility financial
covenants despite its intense efforts to reduce costs and improve
operating efficiencies.  The company had $95 million of cash on
hand following a $130 million draw on its $300 million revolver in
early 2016, leaving $36 million of availability under the revolver.
As a result, the company could struggle to make debt service
payments in 2017 if market conditions do not improve.  The Caa3
rating also considers CJ's scale in North America as one of the top
completion and production service providers; diversified service
offerings, geographic footprint and customer base; and its track
record as an efficient operator.

The negative outlook reflects CJ's poor liquidity and earnings
prospects and the heightened risk of a payment default.  A
downgrade is likely if it appears that CJ might not be able to make
the next interest payment or if total liquidity (cash plus revolver
availability) falls below $60 million.  An upgrade is unlikely
barring a significant improvement in business conditions or
liquidity.

Compressco Partners, L.P.
Lead Analyst: Amol Joshi, CFA

Moody's downgraded Compressco's Corporate Family Rating (CFR) to B2
from B1, with a negative outlook.  The downgrade reflects Moody's
expectation of declining EBITDA and deteriorating leverage metrics,
while Compressco's customers' credit quality weakens due to low oil
and gas prices.  Compressco's B2 CFR also reflects the company's
market position as one of the leading providers of compression
services and its asset base of almost 6,000 compressors with over
1.1 million of total fleet horsepower. Compressco's 2014
acquisition of Compression Systems, Inc. (CSI) positioned the
company to compete with similar service providers including
Archrock Partners, L.P. (Archrock, B1 negative).  The CFR is
supported by the company's relatively stable cash flows,
underpinned by services that enhance oil and gas production and
recoverable reserves, and facilitate natural gas gathering and
transportation.  It also reflects the volatility of new unit sales,
representing roughly 31% of its 2015 revenues and its dependence on
commodity prices, although new unit sales' relatively low margins
compared to compression services reduces its impact on margin
volatility.  The rating considers the structural risks inherent in
the MLP business model characterized by an acquisitive growth
strategy and distribution pay-outs.

Compressco's rating outlook is negative reflecting the potential
for credit metrics to weaken due to the challenging operating
environment as well as its limited covenant cushion.  Compressco's
ratings could be downgraded should leverage exceed 6x or if its
distribution coverage ratio falls below 1x on a sustained basis.  A
significant reduction in available liquidity could also lead to a
downgrade.  An upgrade would be considered if the debt-to-EBITDA
metric approaches 4x, while EBITDA is sustained above $125 million
with a distribution coverage ratio above 1.2x.

Era Group Inc.
Lead Analyst: Amol Joshi, CFA

Moody's downgraded Era's Corporate Family Rating (CFR) to B3 from
B1, with a negative outlook.  Era's B3 CFR reflects its relatively
small scale and heavy reliance of its operations on activity levels
in the Gulf of Mexico associated with exploration and production
(E&P) companies.  In 2015, 66% of Era's revenues were derived from
operations in the Gulf of Mexico and this concentration exposes the
company to regional event risk.  As of December 31, 2015, Era had
debt-to-EBITDA of around 4.1x, which is expected to worsen as Era's
EBITDA declines further in 2016.  The B3 rating is supported by
Era's sticky customer relationships in the oil and gas industry and
its track record of operating profitably through commodity price
cycles.  In addition, Era owns the vast majority of its helicopter
fleet, which has an estimated value of roughly $900 million,
providing good asset coverage for its $288 million debt balance.

Era's rating outlook is negative reflecting the potential for
credit metrics to weaken due to the challenging operating
environment as well as Era's limited covenant cushion.  A downgrade
would be considered if liquidity is significantly constrained or if
Era's cash flow falls more than anticipated.  A downgrade could
also be triggered by the use of large amounts of debt to accelerate
fleet upgrades or shareholder payouts as this action would
represent a change in financial policy.  An upgrade would be
considered if the debt-to-EBITDA metric is below 5.0x on a
sustained basis and annual EBITDA exceeds $75 million, while
maintaining adequate liquidity.  Moody's would also expect the
company to continue to conduct its newbuild program at a measured
pace, funding growth mostly with internal cash flow and asset sales
proceeds.

HGIM CORP.

Lead Analyst: Sreedhar Kona

Moody's downgraded Harvey Gulf's Corporate Family Rating (CFR) to
Caa2 from B3.  This downgrade was driven by HGIM's escalating
leverage and weak liquidity.  Although HGIM is relatively better
positioned in its peer group with a high percentage of its
utilization contracted through 2016 and beyond, its liquidity will
worsen significantly through 2016 and 2017.  HGIM's current
utilization and day rates for the non-contracted vessels operating
in the spot market are expected to drop significantly.  Moody's
outlook for HGIM's 2017 EBITDA will result in heightened risk of
breaching minimum adjusted EBITDA covenant towards the end of 2017.
Additionally, HGIM's debt to EBITDA ratio will increase to
approximately 8x by year end 2016 and worsen through 2017.  The
company benefits from its strong contract coverage; however, given
the customer and regional concentration, the possibility of dayrate
dilution exists.  Moody's withdrew HGIM's SGL-4 rating.

The negative outlook reflects the liquidity stress and the
potential breach in the minimum required EBITDA covenant in late
2017.  A downgrade could occur if the liquidity drops below $40
million.  The ratings are not likely to be upgraded at least
through 2016 given the softness in the offshore services activity.
Should HGIM maintain high utilization rates and dayrates through
good contract coverage combined with adequate liquidity and debt to
EBITDA ratio below 6.0x, the ratings could be upgraded.

Hornbeck Offshore Services, Inc.
Lead Analyst: Sreedhar Kona

Moody's downgraded Hornbeck's Corporate Family Rating (CFR) to Caa1
from B2, with a negative outlook.  This downgrade was driven
primarily by Moody's view of further deterioration of day rates and
utilization for the offshore supply vessels through 2016. Moody's
expects Hornbeck will experience a significant impact on its 2016
EBITDA resulting in a debt to EBITDA ratio approaching 10x by year
end 2016 and worsening further through 2017. Hornbeck's weak credit
metrics are offset by its strong liquidity in the form of $300
million senior secured revolving credit facility, which is fully
available, and approximately $260 million of cash on the balance
sheet.  The company's CFR benefits from its high-quality fleet that
includes higher valued multi-purpose support vessels and a larger
asset base than its peers; however, it is constrained by the
concentration in the Gulf of Mexico.

The negative outlook reflects the potential for a protracted period
of weak utilization and day rate environment leading to further
deterioration in the company's credit metrics.  A downgrade could
occur if EBITDA drops below $100 million on a sustained basis or if
liquidity weakens materially.  The ratings are not likely to be
upgraded at least through 2016 given the softness in the offshore
services activity.  Should a rise in utilization rates and dayrates
contribute to a debt to EBITDA ratio sustaining below 6x, combined
with at least adequate liquidity, Hornbeck's ratings could be
upgraded.

Light Tower Rentals, Inc.
Lead Analyst: Morris Borenstein

Moody's downgraded Light Tower's (LTR) Corporate Family Rating
(CFR) to Caa1 from B3, with a negative outlook.  The Caa1 rating
reflects LTR's declining profitability that will result in high
debt to EBITDA, weakening interest coverage and a further
deterioration in credit metrics in 2016.  Moody's believes declines
will be more pronounced in diesel generators and light towers than
on natural gas generators that are used more in production
activity.  Moody's expects substantial exploration and production
(E&P) customer capital budget reductions, generally, will add
additional pricing pressure and lower utilization this year for
LTR's rental equipment and related services.  While the company's
capex can be scaled down to lower activity levels, without material
monetization of working capital, LTR will have near breakeven free
cash flow in 2016.  LTR's business is also characterized by low
barriers to entry due to the un-contracted nature of rental
revenues combined with the relatively low-technology product
offering.

The negative rating outlook reflects weakening credit metrics in
2016 and a challenging operating environment over the next 12 to 18
months.  The ratings could be downgraded if operating performance
deteriorates such that EBITDA to interest coverage falls below 1.5
times, if the company is unable to generate free cash flow, or if
its liquidity profile weakens.  A rating upgrade is unlikely in
2016 given Moody's expectation for a very slow recovery in onshore
drilling activity.  The ratings could be upgraded if Debt/EBITDA is
below 6x with positive free cash flow, and improving business
conditions.

PHI, Inc.
Lead Analyst: Amol Joshi, CFA

Moody's confirmed PHI's B1 Corporate Family Rating (CFR), with a
stable outlook.  Moody's also assigned an SGL-1 Speculative Grade
Liquidity Rating.  The B1 CFR recognizes PHI's good business
diversification providing air medical transportation services,
growing medium and large helicopter fleet although with increased
leverage, its long-standing customer relationships with large
credit-worthy customers, leading market share in the Gulf of
Mexico, durable contracts and its focus on oil and gas production
operations which provide more stable revenues than exploration and
development type activities.  The rating also reflects PHI's
limited scale within the broader oilfield services industry,
concentration in the GoM, the relatively high proportion of light
helicopters in its aircraft fleet, and its exposure to the volatile
offshore oil and gas industry.  In addition, PHI owns a significant
majority of its helicopter fleet, which has an estimated value of
roughly $1 billion, providing good asset coverage for its $790
million debt balance.

An upgrade could be considered if EBITDA can be sustained above
$200 million with leverage below 4x.  Moody's would also look for
PHI to maintain diversity of revenue streams.  The CFR will likely
be downgraded if debt/EBITDA exceeds 6x.  A negative rating action
could also result if liquidity appears insufficient to meet next
twelve months funding requirements.

Prowler Acquisition Corp.
Lead Analyst: Morris Borenstein

Moody's downgraded Prowler's Corporate Family Rating (CFR) to Caa1
from B3, with a stable outlook.  The Caa1 rating reflects Prowler's
weak asset coverage of debt, weakening cash flow, and expectations
of further deterioration in credit metrics.  The low oil price
environment will continue to negatively impact Prowler's business,
particularly its exposure to drilling activity as E&P customers
enter a second year of curtailing capital spending in 2016.  The
upstream segment of the business, which is directly exposed to
drilling activity will see steep declines, reducing overall revenue
and EBITDA.  Moody's believes Prowler will generate modest free
cash flow in 2016; however, it is dependent on working capital
management.  Still, the company has favorable margins (albeit
declining), and is diversified across the energy value chain.
Considerable revenue exposure to maintenance, repair and overhaul
activity and midstream projects will help to provide a degree of
stability to its revenue through the cycle.

The stable rating outlook considers that credit metrics will weaken
over the next twelve months but that the company will generate
modest free cash flow.  The ratings could be downgraded if
EBITDA/Interest expense falls below 1.5 times or if liquidity
weakens materially.  A ratings upgrade is unlikely over the near
term.  However, debt/EBITDA sustained below 6 times with more
stable business conditions could lead to a ratings upgrade.

UTEX Industries, Inc.
Lead Analyst: Morris Borenstein

Moody's downgraded UTEX's Corporate Family Rating (CFR) to Caa2
from B3, with a stable outlook.  The Caa2 reflects its small size,
heavy debt burden and weakening credit metrics, with EBITDA
expected to decline further in 2016.  UTEX's exposure to drilling
completions will pressure profitability from a combination of lower
activity and significant pricing pressure from its customers.
While UTEX has a good cash balance going into 2016, it will burn
cash this year, burdened by its high interest expense. The
company's performance is highly tied to new well drilling in the
US, which Moody's anticipates will face downward pressure in 2016.
UTEX's revenues are dependent on exploration and production (E&P)
company capital budgets that face significant reductions this year.
UTEX has high EBITDA margins (albeit declining) and benefits from
not having maintenance financial covenants that test unless
revolver usage exceeds $15 million.

The stable rating outlook reflects expectations of deteriorating
credit metrics and a cash burn throughout 2016.  The ratings could
be downgraded if UTEX's liquidity worsens materially or if EBITDA
to Interest expense falls below 1 times.  The ratings are unlikely
to be upgraded in 2016.  The ratings could be upgraded if EBITDA to
interest expense is sustained above 1.5 times.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in December 2014.

Issuer: Bristow Group Inc.

Downgrades:

  Probability of Default Rating, Downgraded to Ba3-PD from Ba2-PD
  Corporate Family Rating, Downgraded to Ba3 from Ba2
  Senior Secured Bank Credit Facility, Downgraded to Ba2 (LGD 2)
   from Ba1 (LGD 2)
  Senior Unsecured Regular Bond/Debenture, Downgraded to B1 (LGD
   5) from Ba3 (LGD 5)

Lowered:

  Speculative Grade Liquidity Rating, Lowered to SGL-3 from SGL-2

Outlook Actions:

Issuer: Bristow Group Inc.
  Outlook, Changed To Negative From Rating Under Review

Issuer: CJ Holding Co.
Downgrades:

  Probability of Default Rating, Downgraded to Caa3-PD from B3-PD
  Corporate Family Rating, Downgraded to Caa3 from B3
  Senior Secured Bank Credit Facility, Downgraded to Caa3 (LGD 3)
   from B3 (LGD 3)

Lowered:

Speculative Grade Liquidity Rating, Lowered to SGL-4 from SGL-3

Outlook Actions:

Issuer: CJ Holding Co.
  Outlook, Changed To Negative From Rating Under Review

Issuer: Cactus Wellhead LLC

Downgrades:

  Probability of Default Rating, Downgraded to Caa1-PD from B3-PD
  Corporate Family Rating, Downgraded to Caa1from B3
  Senior Secured Bank Credit Facility, Downgraded to Caa1 (LGD 3)
   from B3 (LGD 3)

Withdrawals:

  Speculative Grade Liquidity Rating, Withdrawn , previously rated

   SGL-3

Outlook Actions:

Issuer: Cactus Wellhead LLC
  Outlook, Changed To Negative From Rating Under Review

Issuer: Light Tower Rentals, Inc.

Downgrades:
  Probability of Default Rating, Downgraded to Caa1-PD from B3-PD
  Corporate Family Rating, Downgraded to Caa1 from B3
  Senior Secured Regular Bond/Debenture, Downgraded to Caa1 (LGD
   4) from B3 (LGD 4)

Outlook Actions:

Issuer: Light Tower Rentals, Inc.
  Outlook, Changed To Negative From Rating Under Review

Issuer: PROWLER ACQUISITION CORP

Downgrades:
  Probability of Default Rating, Downgraded to Caa1-PD from B3-PD
  Corporate Family Rating, Downgraded to Caa1 from B3
  Senior Secured Bank Credit Facility, Downgraded to B3 (LGD 3)
   from B2 (LGD 3)
  Senior Secured Bank Credit Facility, Downgraded to Caa3 (LGD 6)
   from Caa2 (LGD 6)

Withdrawals:

  Speculative Grade Liquidity Rating, Withdrawn , previously rated

   SGL-3

Outlook Actions:

Issuer: PROWLER ACQUISITION CORP
  Outlook, Changed To Stable From Rating Under Review

Issuer: UTEX Industries, Inc.

Downgrades:

  Probability of Default Rating, Downgraded to Caa2-PD from B3-PD
  Corporate Family Rating, Downgraded to Caa2 from B3
  Senior Secured Bank Credit Facility, Downgraded to Caa1 (LGD 3)
   from B2 (LGD 3)
  Senior Secured Bank Credit Facility, Downgraded to Caa3 (LGD 5)
   from Caa2 (LGD 5)

Outlook Actions:

Issuer: UTEX Industries, Inc.
  Outlook, Changed To Stable From Rating Under Review

Issuer: Compressco Partners, L.P.

Downgrades:

  Probability of Default Rating, Downgraded to B2-PD from B1-PD
  Corporate Family Rating, Downgraded to B2 from B1
  Senior Unsecured Regular Bond/Debenture, Downgraded to Caa1 (LGD

   5) from B2 (LGD 5)

Affirmations:

  Speculative Grade Liquidity Rating, Affirmed SGL-3

Outlook Actions:

Issuer: Compressco Partners, L.P.
  Outlook, Changed To Negative From Rating Under Review

Issuer: Era Group Inc.

Downgrades:

  Probability of Default Rating, Downgraded to B3-PD from B1-PD
  Corporate Family Rating , Downgraded to B3 from B1
  Senior Unsecured Regular Bond/Debenture, Downgraded to Caa1 (LGD

   5) from B2 (LGD 5)

Lowered:

  Speculative Grade Liquidity Rating, Lowered to SGL-3 from SGL-2

Outlook Actions:

Issuer: Era Group Inc.
  Outlook, Changed To Negative From Rating Under Review

Issuer: PHI, Inc.

Confirmations:
  Probability of Default Rating, Confirmed at B1-PD
  Corporate Family Rating, Confirmed at B1
  Senior Unsecured Regular Bond/Debenture, Confirmed at B2 (LGD 4)

Assignments:

Speculative Grade Liquidity Rating, Assigned SGL-1

Outlook Actions:

Issuer: PHI, Inc.
  Outlook, Changed To Stable From Rating Under Review

Issuer: HGIM CORP.

Downgrades:
  Probability of Default Rating, Downgraded to Caa3-PD from Caa1-
   PD
  Corporate Family Rating, Downgraded to Caa2 from B3
  Senior Secured Bank Credit Facility, Downgraded to Caa2 ( LGD 3)

   from B3 (LGD 3)

Withdrawals:

  Speculative Grade Liquidity Rating, Withdrawn , previously rated

   SGL-4

Outlook Actions:

Issuer: HGIM CORP.
  Outlook, Changed To Negative From Rating Under Review

Issuer: Hornbeck Offshore Services, Inc.

Downgrades:
  Probability of Default Rating, Downgraded to Caa1-PD from B2-PD
  Corporate Family Rating, Downgraded to Caa1 from B2
  Senior Unsecured Regular Bond/Debenture, Downgraded to Caa1 (LGD

   4) from B2 (LGD 4)

Lowered:
  Speculative Grade Liquidity Rating, Lowered to SGL-3 from SGL-2

Outlook Actions:

Issuer: Hornbeck Offshore Services, Inc.
  Outlook, Changed To Negative From Rating Under Review



[^] BOND PRICING: For the Week From March 21 to 25, 2016
--------------------------------------------------------
  Company                    Ticker  Coupon  Bid Price   Maturity
  -------                    ------  ------  ---------   --------
99 Cents Only Stores LLC     NDN      11.000    36.538 12/15/2019
A. M. Castle & Co            CAS      12.750    71.969 12/15/2016
A. M. Castle & Co            CAS       7.000    46.250 12/15/2017
ACE Cash Express Inc         AACE     11.000    40.000   2/1/2019
ACE Cash Express Inc         AACE     11.000    40.000   2/1/2019
Affinion Investments LLC     AFFINI   13.500    43.541  8/15/2018
Alpha Appalachia
  Holdings Inc               ANR       3.250     1.219   8/1/2015
Alpha Natural Resources Inc  ANR       6.000     0.550   6/1/2019
Alpha Natural Resources Inc  ANR       9.750     0.100  4/15/2018
Alpha Natural Resources Inc  ANR       4.875     0.250 12/15/2020
Alpha Natural Resources Inc  ANR       7.500     0.500   8/1/2020
Alta Mesa Holdings LP /
  Alta Mesa Finance
  Services Corp              ALTMES    9.625    26.500 10/15/2018
American Eagle Energy Corp   AMZG     11.000    17.250   9/1/2019
American Eagle Energy Corp   AMZG     11.000    16.000   9/1/2019
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER    7.125    31.500  11/1/2020
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER    7.119    24.000   8/1/2019
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER    7.125    31.375  11/1/2020
American Energy-Permian
  Basin LLC / AEPB
  Finance Corp               AMEPER    7.119    31.000   8/1/2019
American Gilsonite Co        AMEGIL   11.500    48.250   9/1/2017
American Gilsonite Co        AMEGIL   11.500    48.000   9/1/2017
Appvion Inc                  APPPAP    9.000    38.100   6/1/2020
Appvion Inc                  APPPAP    9.000    37.250   6/1/2020
Arch Coal Inc                ACI       7.000     0.551  6/15/2019
Arch Coal Inc                ACI       7.250     0.878  6/15/2021
Arch Coal Inc                ACI       8.000     1.375  1/15/2019
Arch Coal Inc                ACI       8.000     0.725  1/15/2019
Armstrong Energy Inc         ARMS     11.750    26.000 12/15/2019
Armstrong Energy Inc         ARMS     11.750    39.125 12/15/2019
Aspect Software Inc          ASPECT   10.625    63.000  5/15/2017
Aspect Software Inc          ASPECT   10.625    62.875  5/15/2017
Aspect Software Inc          ASPECT   10.625    62.875  5/15/2017
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp               ARP       9.250    13.995  8/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp               ARP       7.750    15.975  1/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp               ARP       9.250    14.750  8/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp               ARP       9.250    14.750  8/15/2021
Avaya Inc                    AVYA     10.500    31.500   3/1/2021
Avaya Inc                    AVYA     10.500    28.938   3/1/2021
BPZ Resources Inc            BPZR      6.500     5.000   3/1/2015
BPZ Resources Inc            BPZR      6.500     2.500   3/1/2049
Basic Energy Services Inc    BAS       7.750    24.881  2/15/2019
Basic Energy Services Inc    BAS       7.750    26.727 10/15/2022
Berry Petroleum Co LLC       LINE      6.375    20.940  9/15/2022
Berry Petroleum Co LLC       LINE      6.750    22.800  11/1/2020
Black Elk Energy Offshore
  Operations LLC /
  Black Elk Finance Corp     BLELK    13.750     2.250  12/1/2015
Bonanza Creek Energy Inc     BCEI      6.750    26.250  4/15/2021
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp               BBEP      7.875     9.750  4/15/2022
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp               BBEP      8.625    11.000 10/15/2020
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp               BBEP      8.625    11.625 10/15/2020
BreitBurn Energy
  Partners LP / BreitBurn
  Finance Corp               BBEP      8.625    11.625 10/15/2020
CNG Holdings Inc             CNGHLD    9.375    39.250  5/15/2020
CNG Holdings Inc             CNGHLD    9.375    37.250  5/15/2020
Caesars Entertainment
  Operating Co Inc           CZR      10.000    39.000 12/15/2018
Caesars Entertainment
  Operating Co Inc           CZR      12.750    39.000  4/15/2018
Caesars Entertainment
  Operating Co Inc           CZR      10.000    40.250 12/15/2018
Caesars Entertainment
  Operating Co Inc           CZR       5.750    38.250  10/1/2017
Caesars Entertainment
  Operating Co Inc           CZR      10.000    38.625 12/15/2018
Caesars Entertainment
  Operating Co Inc           CZR       5.750    12.250  10/1/2017
Caesars Entertainment
  Operating Co Inc           CZR      10.000    38.625 12/15/2018
Caesars Entertainment
  Operating Co Inc           CZR      10.000    38.375 12/15/2018
California Resources Corp    CRC       5.000    30.000  1/15/2020
Cenveo Corp                  CVO      11.500    56.825  5/15/2017
Cenveo Corp                  CVO       7.000    43.250  5/15/2017
Chaparral Energy Inc         CHAPAR    7.625    19.125 11/15/2022
Chaparral Energy Inc         CHAPAR    8.250    19.500   9/1/2021
Chaparral Energy Inc         CHAPAR    9.875    17.625  10/1/2020
Chassix Holdings Inc         CHASSX   10.000     8.000 12/15/2018
Chassix Holdings Inc         CHASSX   10.000     8.000 12/15/2018
Claire's Stores Inc          CLE       8.875    21.100  3/15/2019
Claire's Stores Inc          CLE       7.750    15.000   6/1/2020
Claire's Stores Inc          CLE      10.500    63.100   6/1/2017
Claire's Stores Inc          CLE       7.750    14.875   6/1/2020
Clean Energy Fuels Corp      CLNE      7.500    87.602  8/30/2016
Cliffs Natural
  Resources Inc              CLF       5.950    44.250  1/15/2018
Cliffs Natural
  Resources Inc              CLF       5.900    28.150  3/15/2020
Cliffs Natural
  Resources Inc              CLF       4.800    30.000  10/1/2020
Cliffs Natural
  Resources Inc              CLF       7.750    33.820  3/31/2020
Cliffs Natural
  Resources Inc              CLF       7.750    33.672  3/31/2020
Community Choice
  Financial Inc              CCFI     10.750    40.629   5/1/2019
Comstock Resources Inc       CRK       7.750    14.000   4/1/2019
Comstock Resources Inc       CRK       9.500    12.550  6/15/2020
Cumulus Media Holdings Inc   CMLS      7.750    38.750   5/1/2019
Dell Inc                     DELL      3.100    99.774   4/1/2016
EPL Oil & Gas Inc            EXXI      8.250     5.800  2/15/2018
EV Energy Partners LP /
  EV Energy Finance Corp     EVEP      8.000    29.940  4/15/2019
EXCO Resources Inc           XCO       8.500    18.500  4/15/2022
EXCO Resources Inc           XCO       7.500    26.865  9/15/2018
Eagle Rock Energy
  Partners LP / Eagle Rock
  Energy Finance Corp        EROC      8.375    13.934   6/1/2019
Emerald Oil Inc              EOX       2.000     2.750   4/1/2019
Endeavour
  International Corp         END      12.000     1.017   3/1/2018
Endeavour
  International Corp         END      12.000     1.017   3/1/2018
Energy & Exploration
  Partners Inc               ENEXPR    8.000     1.970   7/1/2019
Energy & Exploration
  Partners Inc               ENEXPR    8.000     1.970   7/1/2019
Energy Conversion
  Devices Inc                ENER      3.000     7.875  6/15/2013
Energy Future
  Holdings Corp              TXU       9.750    20.000 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc           TXU      10.000     3.000  12/1/2020
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc                TXU      10.000     2.765  12/1/2020
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc                TXU       9.750    14.925 10/15/2019
Energy Future Intermediate
  Holding Co LLC / EFIH
  Finance Inc                TXU       6.875     2.765  8/15/2017
Energy XXI Gulf Coast Inc    EXXI     11.000    13.250  3/15/2020
Energy XXI Gulf Coast Inc    EXXI      9.250     5.000 12/15/2017
Energy XXI Gulf Coast Inc    EXXI      6.875     5.100  3/15/2024
Energy XXI Gulf Coast Inc    EXXI      7.750     3.500  6/15/2019
Energy XXI Gulf Coast Inc    EXXI      7.500     3.500 12/15/2021
FBOP Corp                    FBOPCP   10.000     1.843  1/15/2009
FTS International Inc        FTSINT    6.250    14.000   5/1/2022
FairPoint Communications
  Inc/Old                    FRP      13.125     1.879   4/2/2018
Federal Agricultural
  Mortgage Corp              FAMCA     2.540   100.008   4/4/2023
Federal Farm Credit Banks    FFCB      3.330   100.013  12/4/2028
Federal Farm Credit Banks    FFCB      3.170    99.500   6/4/2027
Federal Farm Credit Banks    FFCB      3.120   100.250   1/5/2026
Federal Farm Credit Banks    FFCB      3.180    99.900   8/3/2027
Federal Farm Credit Banks    FFCB      2.850   100.022   4/1/2025
Federal Farm Credit Banks    FFCB      3.125   100.011  8/18/2026
Federal Farm Credit Banks    FFCB      3.080   100.371 12/29/2025
Federal Farm Credit Banks    FFCB      3.240    99.622   4/1/2030
Federal Farm Credit Banks    FFCB      3.200   100.012  2/11/2028
Federal Home Loan Banks      FHLB      1.750   100.007  2/20/2020
Federal Home Loan
  Mortgage Corp              FHLMC     2.000   100.065  9/30/2020
Federal National
  Mortgage Association       FNMA      2.580   100.120   4/4/2023
Federal National
  Mortgage Association       FNMA      2.400   100.105  10/4/2022
Fifth Street Finance Corp    FSC       5.375   100.000   4/1/2016
First Midwest
  Bancorp Inc/IL             FMBI      5.850   100.006   4/1/2016
Fleetwood Enterprises Inc    FLTW     14.000     3.557 12/15/2011
Forbes Energy Services Ltd   FES       9.000    42.331  6/15/2019
Goodman Networks Inc         GOODNT   12.125    31.000   7/1/2018
Goodrich Petroleum Corp      GDPM      8.875     4.875  3/15/2018
Goodrich Petroleum Corp      GDPM      8.875     4.625  3/15/2018
Gymboree Corp/The            GYMB      9.125    33.525  12/1/2018
Halcon Resources Corp        HKUS      9.750    19.000  7/15/2020
Halcon Resources Corp        HKUS     13.000    20.000  2/15/2022
Halcon Resources Corp        HKUS      8.875    19.000  5/15/2021
Halcon Resources Corp        HKUS      9.250    18.653  2/15/2022
Halcon Resources Corp        HKUS     13.000    19.125  2/15/2022
Hexion Inc                   HXN       9.200    23.763  3/15/2021
Horsehead Holding Corp       ZINC      3.800     7.875   7/1/2017
Horsehead Holding Corp       ZINC     10.500    56.000   6/1/2017
Horsehead Holding Corp       ZINC      9.000    20.000   6/1/2017
Horsehead Holding Corp       ZINC     10.500    55.500   6/1/2017
Horsehead Holding Corp       ZINC     10.500    55.500   6/1/2017
ION Geophysical Corp         IO        8.125    50.454  5/15/2018
Illinois Power
  Generating Co              DYN       7.000    41.069  4/15/2018
Illinois Power
  Generating Co              DYN       6.300    28.500   4/1/2020
IronGate Energy
  Services LLC               IRONGT   11.000    30.750   7/1/2018
IronGate Energy
  Services LLC               IRONGT   11.000    27.000   7/1/2018
IronGate Energy
  Services LLC               IRONGT   11.000    27.000   7/1/2018
IronGate Energy
  Services LLC               IRONGT   11.000    27.000   7/1/2018
Key Energy Services Inc      KEG       6.750    17.760   3/1/2021
Las Vegas Monorail Co        LASVMC    5.500     3.125  7/15/2019
Legacy Reserves LP /
  Legacy Reserves
  Finance Corp               LGCY      8.000    19.940  12/1/2020
Legacy Reserves LP /
  Legacy Reserves
  Finance Corp               LGCY      6.625    15.800  12/1/2021
Lehman Brothers
  Holdings Inc               LEH       5.000     5.500   2/7/2009
Lehman Brothers
  Holdings Inc               LEH       4.000     5.500  4/30/2009
Lehman Brothers Inc          LEH       7.500     3.750   8/1/2026
Linn Energy LLC /
  Linn Energy Finance Corp   LINE      8.625    11.350  4/15/2020
Linn Energy LLC /
  Linn Energy Finance Corp   LINE      7.750    12.000   2/1/2021
Linn Energy LLC /
  Linn Energy Finance Corp   LINE      6.500    10.750  5/15/2019
Linn Energy LLC /
  Linn Energy Finance Corp   LINE     12.000    16.625 12/15/2020
Linn Energy LLC /
  Linn Energy Finance Corp   LINE      6.250    10.750  11/1/2019
Linn Energy LLC /
  Linn Energy Finance Corp   LINE      6.500    11.125  9/15/2021
Linn Energy LLC /
  Linn Energy Finance Corp   LINE      6.250    84.000  11/1/2019
Linn Energy LLC /
  Linn Energy Finance Corp   LINE      6.250    12.250  11/1/2019
Logan's Roadhouse Inc        LGNS     10.750    24.100 10/15/2017
MF Global Holdings Ltd       MF        3.375    22.250   8/1/2018
MF Global Holdings Ltd       MF        9.000    11.125  6/20/2038
MModal Inc                   MODL     10.750    10.125  8/15/2020
Magnetation LLC /
  Mag Finance Corp           MAGNTN   11.000     8.000  5/15/2018
Magnetation LLC /
  Mag Finance Corp           MAGNTN   11.000     8.000  5/15/2018
Magnetation LLC /
  Mag Finance Corp           MAGNTN   11.000     8.000  5/15/2018
Magnum Hunter
  Resources Corp             MHRC      9.750    21.500  5/15/2020
Memorial Production
  Partners LP / Memorial
  Production Finance Corp    MEMP      7.625    29.650   5/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO      10.000    35.011   6/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO       9.250     4.200   6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO      10.750     4.063  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO      10.000    28.250   6/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO      10.750     3.887  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC           MPO      10.750     3.887  10/1/2020
Modular Space Corp           MODSPA   10.250    54.500  1/31/2019
Modular Space Corp           MODSPA   10.250    54.375  1/31/2019
Molycorp Inc                 MCP      10.000     7.000   6/1/2020
Molycorp Inc                 MCP       6.000     2.000   9/1/2017
Molycorp Inc                 MCP       5.500     1.442   2/1/2018
Murray Energy Corp           MURREN   11.250    13.000  4/15/2021
Murray Energy Corp           MURREN    9.500    12.500  12/5/2020
Murray Energy Corp           MURREN   11.250    13.750  4/15/2021
Murray Energy Corp           MURREN    9.500    12.500  12/5/2020
NBCUniversal Media LLC       CMCSA     2.875   100.050   4/1/2016
New Gulf Resources LLC/
  NGR Finance Corp           NGREFN   12.250     3.000  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp           NGREFN   12.250    29.000  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp           NGREFN   12.250     5.000  5/15/2019
Nine West Holdings Inc       JNY       8.250    30.500  3/15/2019
Nine West Holdings Inc       JNY       6.125    15.500 11/15/2034
Nine West Holdings Inc       JNY       6.875    18.334  3/15/2019
Nine West Holdings Inc       JNY       8.250    23.250  3/15/2019
Noranda Aluminum
  Acquisition Corp           NOR      11.000     1.000   6/1/2019
Nuverra Environmental
  Solutions Inc              NESC      9.875    20.000  4/15/2018
OMX Timber Finance
  Investments II LLC         OMX       5.540    13.125  1/29/2020
Peabody Energy Corp          BTU       6.000     6.650 11/15/2018
Peabody Energy Corp          BTU       6.500     6.470  9/15/2020
Peabody Energy Corp          BTU      10.000     8.250  3/15/2022
Peabody Energy Corp          BTU       6.250     7.000 11/15/2021
Peabody Energy Corp          BTU       4.750     0.495 12/15/2041
Peabody Energy Corp          BTU       7.875     6.600  11/1/2026
Peabody Energy Corp          BTU      10.000     8.850  3/15/2022
Peabody Energy Corp          BTU       6.000     7.000 11/15/2018
Peabody Energy Corp          BTU       6.250     2.750 11/15/2021
Peabody Energy Corp          BTU       6.000     7.000 11/15/2018
Peabody Energy Corp          BTU       6.250     7.125 11/15/2021
Penn Virginia Corp           PVAH      8.500    13.500   5/1/2020
Penn Virginia Corp           PVAH      7.250    11.450  4/15/2019
Permian Holdings Inc         PRMIAN   10.500    38.625  1/15/2018
Permian Holdings Inc         PRMIAN   10.500    38.625  1/15/2018
PetroLogistics LP /
  PetroLogistics
  Finance Corp               PDH       6.250   103.125   4/1/2020
PetroQuest Energy Inc        PQ       10.000    48.550   9/1/2017
Principal Life Income
  Funding Trusts             PFG       2.610    99.750   4/1/2016
Quicksilver Resources Inc    KWKA      9.125     4.000  8/15/2019
Quicksilver Resources Inc    KWKA     11.000     1.688   7/1/2021
Resolute Energy Corp         REN       8.500    30.000   5/1/2020
Rex Energy Corp              REXX      6.250    11.000   8/1/2022
Rex Energy Corp              REXX      8.875    15.995  12/1/2020
Rex Energy Corp              REXX      8.875    13.000  12/1/2020
Rex Energy Corp              REXX      8.875    13.000  12/1/2020
Rolta LLC                    RLTAIN   10.750    47.500  5/16/2018
SFX Entertainment Inc        SFXE      9.625     2.000   2/1/2019
SFX Entertainment Inc        SFXE      9.625     2.000   2/1/2019
SFX Entertainment Inc        SFXE      9.625     2.000   2/1/2019
SFX Entertainment Inc        SFXE      9.625     2.000   2/1/2019
STRATS LLC                   STRATS    0.900 #N/A N/A   12/1/2095
Sabine Oil & Gas Corp        SOGC      7.250     7.250  6/15/2019
Sabine Oil & Gas Corp        SOGC      7.500     7.375  9/15/2020
Sabine Oil & Gas Corp        SOGC      7.500     0.974  9/15/2020
Sabine Oil & Gas Corp        SOGC      7.500     0.974  9/15/2020
SandRidge Energy Inc         SD        8.750    25.188   6/1/2020
SandRidge Energy Inc         SD        7.500     5.010  3/15/2021
SandRidge Energy Inc         SD        7.500     6.000  2/15/2023
SandRidge Energy Inc         SD        8.750     4.000  1/15/2020
SandRidge Energy Inc         SD        8.125     6.000 10/15/2022
SandRidge Energy Inc         SD        8.125     0.375 10/16/2022
SandRidge Energy Inc         SD        7.500     0.375  2/16/2023
SandRidge Energy Inc         SD        8.750    25.250   6/1/2020
SandRidge Energy Inc         SD        7.500     6.250  3/15/2021
SandRidge Energy Inc         SD        7.500     6.250  3/15/2021
Sequa Corp                   SQA       7.000    14.430 12/15/2017
Sequa Corp                   SQA       7.000    14.375 12/15/2017
Service Corp
  International/US           SCI       7.000   106.441  6/15/2017
Seventy Seven Energy Inc     SSE       6.500     5.700  7/15/2022
Seventy Seven Operating LLC  SSE       6.625    23.550 11/15/2019
Seventy Seven Operating LLC  SSE       6.625    35.700 11/15/2019
Seventy Seven Operating LLC  SSE       6.625    48.000 11/15/2019
Sidewinder Drilling Inc      SIDDRI    9.750     6.750 11/15/2019
Sidewinder Drilling Inc      SIDDRI    9.750     6.375 11/15/2019
Solazyme Inc                 SZYM      6.000    54.500   2/1/2018
Speedy Cash Intermediate
  Holdings Corp              SPEEDY   10.750    58.000  5/15/2018
Speedy Cash Intermediate
  Holdings Corp              SPEEDY   10.750    62.375  5/15/2018
Speedy Cash Intermediate
  Holdings Corp              SPEEDY   10.750    62.375  5/15/2018
Speedy Group Holdings Corp   SPEEDY   12.000    45.750 11/15/2017
Speedy Group Holdings Corp   SPEEDY   12.000    45.750 11/15/2017
SquareTwo Financial Corp     SQRTW    11.625    29.000   4/1/2017
Stone Energy Corp            SGY       1.750    35.000   3/1/2017
SunEdison Inc                SUNE      2.000     5.750  10/1/2018
SunEdison Inc                SUNE      2.375     4.250  4/15/2022
SunEdison Inc                SUNE      0.250     4.000  1/15/2020
SunEdison Inc                SUNE      3.375     2.750   6/1/2025
SunEdison Inc                SUNE      2.750     5.500   1/1/2021
SunEdison Inc                SUNE      2.625    13.000   6/1/2023
Swift Energy Co              SFY       7.875     9.250   3/1/2022
Swift Energy Co              SFY       7.125     3.850   6/1/2017
Swift Energy Co              SFY       8.875     4.875  1/15/2020
Syniverse Holdings Inc       SVR       9.125    43.250  1/15/2019
TEGNA Inc                    TGNA     10.000   101.410   4/1/2016
TMST Inc                     THMR      8.000    13.000  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc                TALPRO    9.750    31.000  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc                TALPRO    9.750    31.250  2/15/2018
Terrestar Networks Inc       TSTR      6.500    10.000  6/15/2014
TetraLogic
  Pharmaceuticals Corp       TLOG      8.000    24.100  6/15/2019
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU      10.250     3.500  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU      11.500    30.000  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU      15.000     4.000   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU      10.250     3.000  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU      11.500    30.750  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU      15.000     2.800   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc           TXU      10.250     9.875  11/1/2015
Triangle USA
  Petroleum Corp             TPLM      6.750    18.500  7/15/2022
Triangle USA
  Petroleum Corp             TPLM      6.750    18.250  7/15/2022
Trilogy International
  Partners LLC / Trilogy
  International
  Finance Inc                TRIINT   10.250    88.500  8/15/2016
Trilogy International
  Partners LLC / Trilogy
  International
  Finance Inc                TRIINT   10.250    88.250  8/15/2016
UCI International LLC        UCII      8.625    19.259  2/15/2019
Vanguard Natural
  Resources LLC /
  VNR Finance Corp           VNR       7.875    13.415   4/1/2020
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS      11.750    13.000  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS      11.750    18.500  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS      11.750     0.100  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS      11.750     3.166  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS      11.750     6.000  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS      11.750     3.166  1/15/2019
Verso Paper Holdings LLC /
  Verso Paper Inc            VRS      11.750     6.000  1/15/2019
W&T Offshore Inc             WTI       8.500    18.713  6/15/2019
Walter Energy Inc            WLTG      9.500    13.000 10/15/2019
Walter Energy Inc            WLTG      9.500    13.625 10/15/2019
Walter Energy Inc            WLTG      9.500    13.625 10/15/2019
Walter Energy Inc            WLTG      9.500    13.625 10/15/2019
iHeartCommunications Inc     IHRT     10.000    33.320  1/15/2018
iHeartCommunications Inc     IHRT      6.875    50.670  6/15/2018


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***