TCR_Public/160402.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, April 2, 2016, Vol. 20, No. 93

                            Headlines

ALPHA NATURAL: Widens Net Loss to $78.37 Million in January
CAL DIVE: Records $2.97 Million Net Loss in January
FREEDOM COMMUNICATIONS: Reports $2.47 Million Net Loss in January
LIFE PARTNERS: Gains $92,278 Net Profit in November
MAGNETATION LLC: Lists $9.98 Million Net Loss in January

MAGNUM HUNTER: Reports $55.32 Million Net Loss at January 31
MISSISSIPPI PHOSPHATES: Incurs $16.62 Million Net Loss in August
MISSISSIPPI PHOSPHATES: Lists $42.77 million Net Loss in October
RELATIVITY FASHION: Reports $5.69 Million Net Loss in December
SABINE OIL: Posts $263.23 Million Net Loss in December

SIGA TECHNOLOGIES: Reports $3.19 Million Net Loss in December
SIMPLY FASHION: Posts $1.51 Million Ending Cash at Jan. 31

                            *********

ALPHA NATURAL: Widens Net Loss to $78.37 Million in January
-----------------------------------------------------------
Alpha Natural Resources, Inc., et al., on February 19, 2016, filed
their monthly operating report for January 2016.

The Debtors suffered a net loss of $78.37 million on
$164.18 million total revenues in January, as compared to the
$25.21 million net loss reported for the previous month.

As of January 31, 2016, the Debtors had $4.69 billion in total
assets, $7.49 billion in total liabilities, and $2.79 billion in
total stockholders' deficit.

The Debtors started the month with $658.12 million cash.  They
listed $12 million used in operating activities, $7.21 million
used in investing activities, and $1.19 million used in financing
activities.  They ended the month with $661.72 million.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/AlphaNatural_jan2016mor.pdf

                    About Alpha Natural

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.


CAL DIVE: Records $2.97 Million Net Loss in January
---------------------------------------------------
Cal Dive International, Inc., and its subsidiaries, on Feb. 29,
2016, filed their monthly operating report for January 2016.

Cal Dive Int'l. posted a $2.97 million net loss on zero revenue
for the month.

As of January 31, 2016, Cal Dive Int'l. had $194.38 million in
total assets, $308.62 million in total liabilities, and a -$114.24
million net equity.

Cal Dive Int'l. had $979,189 at the start of the month.  It
listed 357,946 in total disbursements and no receipts for the
period.  The Debtor ended the month with $621,243 cash.

A copy of the monthly operating report is available for free at:

        http://bankrupt.com/misc/CALDIVEjan2016mor.pdf

                      About Cal Dive

Houston, Texas-based marine contractor Cal Dive International,
Inc., provides manned diving, pipelay and pipe burial, platform
installation and salvage, and light well intervention services to
the offshore oil and natural gas industry on the Gulf of Mexico
OCS, Northeastern U.S., Latin America, Southeast Asia, China,
Australia, West Africa, the Middle East, and Europe.  Cal Dive and
its U.S. subsidiaries filed simultaneous voluntary petitions
(Bankr. D. Del. Lead Case No. 15-10458) on March 3, 2015.

Through the Chapter 11 process, the Company intends to sell non-
core assets and intends to reorganize or sell as a going concern
its core subsea contracting business.

Cal Dive disclosed total assets of $571 million and total debt of
$411 million as of Sept. 30, 2015.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; Jones Walker Jones Walker
LLP as corporate counsel; and Kurtzman Carson Consultants, LLC, as
claims and noticing agent.  The Debtors also tapped Carl Marks
Advisory Group LLC as crisis managers and appoint F. Duffield
Meyercord as chief restructuring officer.

The U.S. Trustee for Region 3 amended the committee of unsecured
creditors in the case from five-member committee to four members.
The Committee retained Akin Gump Strauss Hauer & Feld LLP and
Pepper Hamilton LLP as co-counsel; and Guggenheim Securities, LLC
as exclusive investment banker.

Cal Dive Offshore Contractors, Inc., disclosed total assets of
$233,273,806 and $311,339,932 in liabilities as of the Chapter 11
filing.


FREEDOM COMMUNICATIONS: Reports $2.47 Million Net Loss in January
-----------------------------------------------------------------
Freedom Communications, Inc., et al., on February 23, 2016, filed a
monthly operating report for January 2016.

The Debtors suffered a consolidated net loss of $2.47 million for
the month.

As of January 31, 2016, the Debtors listed a consolidated total
assets of $132.95 million, consolidated total liabilities of
$260.89 million, and $127.94 million in stockholders' deficit.

At Jan. 1, 2016, the Debtors had a beginning cash collateral
balance of $5.45 million.  It listed $17.73 million in total
receipts and $16.64 million in total disbursements.  Thus, the
Debtors had $6.54 million ending cash collateral balance for the
four-week period ended January 29, 2016.

A copy of the monthly operating report is available at:

      http://bankrupt.com/misc/FreedomComm_jan2016mor.pdf
                  
                 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.


LIFE PARTNERS: Gains $92,278 Net Profit in November
---------------------------------------------------
Life Partners Holdings, Inc., filed with the U.S. Securities and
Exchange Commission their monthly operating report for November
2015.

The Debtor reported a net profit of $92,278 on zero revenue for the
period.

As of November 30, 2015, the Debtor had $2.13 million in total
assets, $6.84 million in total liabilities, and $4.71 million in
total stockholders' equity.

The Debtor had $1.60 million cash at the start of the month.  They
reported total receipts of $1.39 million and total disbursements of
$140,580.  Disbursements include $89,652 in professional fees.  It
also  recorded net cash flow of $1.25 million.  Thus, the Debtor
had $1.60  million ending cash balance at November 30, 2015.

A copy of the monthly operating report is available at the SEC at:

                http://is.gd/G9IPHV

                About Life Partners

Headquartered in Waco, Texas, Life Partners Holdings, Inc. --
http://www.lphi.com/-- is the parent company engaged in the       
secondary market for life insurance, commonly called "life
settlements."  Since its incorporation in 1991, Life Partners,
Inc. has completed over 162,000 transactions for its worldwide
client base of over 30,000 high net worth individuals and
institutions in connection with the purchase of over 6,500
policies totaling over $3.2 billion in face value.

LPHI is a publicly traded company incorporated in Texas and its
common stock has been delisted from the NASDAQ (formerly trading
under the symbol LPHI).

Life Partners Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 15-40289) on Jan. 20,
2015.

The case is assigned to Judge Russell F. Nelms.  J. Robert
Forshey, Esq., at Forshey & Prostok, LLP, serves as counsel to the
Debtor.

LPHI disclosed $2,406,137 in assets and $52,722,308 in liabilities
as of the Chapter 11 filing.

The official committee of unsecured creditors formed in the case
tapped Munsch Hardt Kopf & Harr, P.C., as counsel.

Tracy A. Bolt of BDO USA, LLP was named as examiner for the
Debtor's case.  At the behest of the U.S. Securities and Exchange
Commission, the U.S. Trustee, and the Creditors Committee, the
Court ordered the appointment of a Chapter 11 trustee.  On March
13, 2015, H. Thomas Moran II was appointed as Chapter 11 trustee
in LPHI's case.  The trustee is represented by Thompson & Knight
LLP.

The Chapter 11 trustee signed Chapter 11 bankruptcy petitions for
LPHI's subsidiaries on May 19, 2015: Life Partners Inc. (Case No.
15-41995) and LPI Financial Services, Inc. (Case No. 15-41996).

Life Partners is estimated to have $100 million to $500 million in
assets and more than $1 billion in debt.  LPI Financial estimated
less than $50,000.


MAGNETATION LLC: Lists $9.98 Million Net Loss in January
--------------------------------------------------------
Magnetation LLC, et al., on Feb. 19, 2016, filed their monthly
operating report for January 2016.

The Debtors' January statement of operations showed a net loss of
$9.98 million.

At January 31, 2016, the Debtors listed total assets of $861.81
million, total liabilities of $723.52 million, and $138.29 million
in total owners' equity.

The Debtors had $17.20 million cash at the beginning of the month.
They listed total receipts of $22.90 million and total
disbursements of $20.07 million.  Disbursements include $947,142 in
professional fees.  At the end of the month, the Debtors had $20.03
million in cash.

A copy of the monthly operating report is available at:

     http://bankrupt.com/misc/Magnetation_jan2016mor.pdf

                  About Magnetation LLC

Magnetation LLC -- http://www.magnetation.com/-- is a joint  
venture between Magnetation, Inc. (50.1% owner) and AK Iron
Resources, LLC, an affiliate of AK Steel Corporation (49.9%
owner).

Magnetation LLC recovers high-quality iron ore concentrate from
previously abandoned iron ore waste stockpiles and tailings
basins.

Magnetation LLC owns iron ore concentrate plants located in
Keewatin, MN, Bovey, MN and Grand Rapids, MN, and an iron ore
pellet plant in Reynolds, IN.

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

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

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


MAGNUM HUNTER: Reports $55.32 Million Net Loss at January 31
------------------------------------------------------------
Magnum Hunter Resources Corp., et al., on Feb. 29, 2016, filed a
monthly operating report for the period Dec. 15, 2015 to Jan. 31,
2016

Magnum Hunter Resources Corp. incurred a net loss of $55.32 million
on total revenue of $1 for the reporting period.

As of Jan. 31, 2016, Magnum Hunter Resources Corp. posted $2.03
billion in total assets, $163.09 million in total current
liabilities, $1.03 billion in liabilities subject to compromise,
and $833.13 million in total shareholders' equity.

At Dec. 15, 2015, the Debtors had $2.87 million cash.  They listed
total receipts of $75.58 million and  $28.88 million in total
disbursements.  Taking into account intercompany cash transfers,
the Debtors had $50.62 million cash at January 31, 2016.

A copy of the monthly operating report is available at:

    http://bankrupt.com/misc/MagnumHunter_jan2016mor.pdf  

                  About Magnum Hunter Resources

Magnum Hunter Resources Corporation is an oil and gas company
headquartered in Irving, Texas that primarily is engaged in the
acquisition, development, and production of oil and natural gas
reserves in the United States.  MHRC and its affiliates own
interests in approximately 431,643 net acres in total and have
proved reserves with an industry value of approximately $234.5
million as of December 31, 2015.  In the aggregate, MHRC generated
approximately $391.5 million in revenue from their operations in
2014 and generated approximately $169.3 million in revenues from
their operations for the ten months ended October 31, 2015.

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

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

As of Sept. 30, 2015, the Debtors reported approximately $1.1
billion in total liabilities, as well as $416.3 million in stated
value of preferred stock.  The Debtors' significant funded debt
obligations include: (a) approximately $70 million in principal
amount of obligations under the Debtors' Bridge Financing
Facility; (b) approximately $336.6 million in principal amount of
obligations under the Debtors' second lien credit agreement; (c)
approximately $13.2 million in principal amount of Equipment and
Real Estate Notes; and (d) approximately $600 million in principal
amount of Notes.


MISSISSIPPI PHOSPHATES: Incurs $16.62 Million Net Loss in August
----------------------------------------------------------------
Mississippi Phosphates Corporation and its debtor-associates, on
Sept. 24, 2015, filed a monthly operating report for August 2015.

The Debtors reported a consolidated net loss of $16.62 million for
the month.

At Aug. 31, 2015, the Debtors recorded consolidated total assets of
$78.30 million, total accounts payable and accrued expenses of
$47.92 million, and total shareholders' equity of -$47.15 million.

The Debtors started the month with $806,389 cash. They listed total
cash receipts of $1.35 million and total cash disbursements of
$1.38 million. The Debtors ended the month with had a cash balance
of $773,333.

A copy of the monthly operating report is available at:

    http://bankrupt.com/misc/MississippiPhosphates_aug2015mor.pdf

                    About Mississippi Phosphates

Mississippi Phosphates Corporation is a major United States
producer and marketer of diammonium phosphate ("DAP"), one of the
most common types of phosphate fertilizer.  MPC, which was formed
as a Delaware corporation in October 1990, owns a DAP facility in
Pascagoula, Mississippi, which was acquired from Nu-South, Inc. in
its 1990 bankruptcy.  Phosphate rock, the primary raw material used
in the production of DAP, is being supplied by OCP S.A., a
corporation owned by the Kingdom of Morocco.

The parent, Phosphate Holdings, Inc., was formed in December 2004
in connection with the bankruptcy reorganization of MPC and its
then-parent Mississippi Chemical Corporation, the first fertilizer
cooperative in the United States.

As of Oct. 27, 2014, MPC has a work force of 250 employees, broken
into 224 regular employees and 26 "nested" third-party contract
employees.

MPC and its subsidiaries, namely Ammonia Tank Subsidiary, Inc., and
Sulfuric Acid Tanks Subsidiary, Inc., sought Chapter 11 bankruptcy
protection (Bankr. S.D. Miss. Lead Case No. 14-51667) on Oct. 27,
2014. Judge Katharine M. Samson is assigned to the cases.

Mississippi Phosphates disclosed in its amended schedules, assets
of $98,949,677 and liabilities of $140,941,276 plus unknown
amounts.  Affiliates Ammonia Tank and Sulfuric Acid Tanks each
estimated $1 million to $10 million in both assets and
liabilities.

The Debtors have tapped Stephen W. Rosenblatt, Esq., at Butler Snow
LLP as counsel.

The U.S. Trustee for Region 5 appointed seven creditors of
Mississippi Phosphates Corp. to serve on the official committee of
unsecured creditors.  The Committee tapped to retain Burr & Forman
LLP as its counsel.


MISSISSIPPI PHOSPHATES: Lists $42.77 million Net Loss in October
----------------------------------------------------------------
Mississippi Phosphates Corporation and its debtor-associates, on
December 28, 2015, filed a monthly operating report for October
2015.

The Debtors reported a consolidated net loss of $42.77 million for
the month.

At Oct. 31, 2015, the Debtors recorded consolidated total assets of
$17.93 million, total current liabilities of $47 million, and total
shareholders' equity of -$67.30 million.

The Debtors started the month with $1.43 million cash. They listed
total cash receipts of $1.13 million and total cash disbursements
of $1.68 million. The Debtors ended the month with had a cash
balance of $889,027.

A copy of the monthly operating report is available at:

    http://bankrupt.com/misc/MississippiPhosphates_oct2015mor.pdf

                    About Mississippi Phosphates

Mississippi Phosphates Corporation is a major United States
producer and marketer of diammonium phosphate ("DAP"), one of the
most common types of phosphate fertilizer.  MPC, which was formed
as a Delaware corporation in October 1990, owns a DAP facility in
Pascagoula, Mississippi, which was acquired from Nu-South, Inc. in
its 1990 bankruptcy.  Phosphate rock, the primary raw material used
in the production of DAP, is being supplied by OCP S.A., a
corporation owned by the Kingdom of Morocco.

The parent, Phosphate Holdings, Inc., was formed in December 2004
in connection with the bankruptcy reorganization of MPC and its
then-parent Mississippi Chemical Corporation, the first fertilizer
cooperative in the United States.

As of Oct. 27, 2014, MPC has a work force of 250 employees, broken
into 224 regular employees and 26 "nested" third-party contract
employees.

MPC and its subsidiaries, namely Ammonia Tank Subsidiary, Inc., and
Sulfuric Acid Tanks Subsidiary, Inc., sought Chapter 11 bankruptcy
protection (Bankr. S.D. Miss. Lead Case No. 14-51667) on Oct. 27,
2014. Judge Katharine M. Samson is assigned to the cases.

Mississippi Phosphates disclosed in its amended schedules, assets
of $98,949,677 and liabilities of $140,941,276 plus unknown
amounts.  Affiliates Ammonia Tank and Sulfuric Acid Tanks each
estimated $1 million to $10 million in both assets and
liabilities.

The Debtors have tapped Stephen W. Rosenblatt, Esq., at Butler Snow
LLP as counsel.

The U.S. Trustee for Region 5 appointed seven creditors of
Mississippi Phosphates Corp. to serve on the official committee of
unsecured creditors.  The Committee tapped to retain Burr & Forman
LLP as its counsel.


RELATIVITY FASHION: Reports $5.69 Million Net Loss in December
--------------------------------------------------------------
Relativity Fashion LLC, et al., on Feb. 22, 2016, filed their
monthly operating report for December 2015.

The Debtors incurred a net loss of $5.69 million on $4.54 million
net revenue in December.

At December 31, the Debtors had $241.98 million in total assets,
$955.64 million in total liabilities, and $713.65 million total
shareholders' deficit.

The Debtors started the month with $81.96 million cash.  It listed
$19.83 million in total receipts and $35.29 million in total
disbursements.  Disbursements include $8.30 million in professional
fees.  At month end, the Debtors had $66.51 million cash.

A copy of the monthly operating report is available at:

      http://bankrupt.com/misc/RelativityFashion_dec2015mor.pdf

                     About Relativity Fashion

Relativity -- http://relativitymedia.com/-- is a next-generation
global media company engaged in multiple aspects of content
production and distribution, including movies, television, sports,
digital and music.  More than just a collection of
entertainment-related businesses, Relativity is a content engine
with the ability to leverage each of these business units,
independently and together, to create content across all mediums,
giving consumers what they want, when they want it.

Relativity Studios, the Company's largest division, has produced,
distributed or structured financing for more than 200 motion
pictures, generating more than $17 billion in worldwide box-office
revenue and earning 60 Oscar nominations.  Relativity's films
include Oculus, Safe Haven, Act of Valor, Immortals, Limitless, and
The Fighter.

Relativity Media LLC and its affiliates, including Relativity
Fashion, LLC, sought protection under Chapter 11 of the Bankruptcy
Code on July 30, 2015 (Bankr. S.D.N.Y., Case No. 15-11989).  The
case is assigned to Judge Michael E. Wiles.

The Debtors are represented by Craig A. Wolfe, Esq., Malani J.
Cademartori, Esq., and Blanka K. Wolfe, Esq., at Sheppard Mullin
Richter & Hampton LLP, in New York; and Richard L. Wynne, Esq.,
Bennett L. Spiegel, Esq., and Lori Sinanyan, Esq., at Jones Day, in
New York.

Brian Kushner of FTI Consulting, Inc., serves as chief
restructuring officer and crisis and turnaround manager.  Luke
Schaeffer of FTI Consulting, Inc., serves as deputy CRO.

Blackstone Advisory Partners L.P. serves as the Debtors' investment
banker.  The team is led by Timothy Coleman, Senior Managing
Director, CJ Brown, Senior Managing Director, Paul Sheaffer, Vice
President, and Joseph Goldschmid, Associate.

The Debtors' noticing and claims agent is Donlin, Recano & Company,
Inc.

                           *     *     *

An investor group composed of Anchorage Capital Group, L.L.C.,
Falcon Investment Advisors, LLC and Luxor Capital Group, LP on Oct.
21, 2015, completed its purchase of the assets of Relativity
Television.

After selling their TV business, the Debtors and CEO Ryan C.
Kavanaugh filed a proposed plan of reorganization that will allow
the Debtors to reorganize their non-TV business units with a
substantially de-levered balance sheet utilizing new equity
investments and new financing.  Jim Cantelupe, of Summit Trail
Advisors, LLC, has committed to work with the Debtors to raise up
to $100 million of new equity to fund the Plan.


SABINE OIL: Posts $263.23 Million Net Loss in December
------------------------------------------------------
Sabine Oil & Gas Corp., et. al., on January 29, 2016, filed a
monthly operating report for December 2015.

The Debtors posted a net loss of $263.23 million on total revenues
of $19.93 million at December 31.

As of December 31, 2015, the Debtors recorded total assets of
$816.15 million, total liabilities of $3.10 billion, and total
shareholders' deficit of $2.28 billion.

The Debtors started the month with $223.75 million cash. They
listed $30.98 million in total receipts and $46.09 million in total
disbursements.  At the end of the period, the Debtors had $208.64
million cash.

A copy of the operating report is available at:

        http://bankrupt.com/misc/SabineOil_dec2015mor.pdf

                        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.


SIGA TECHNOLOGIES: Reports $3.19 Million Net Loss in December
-------------------------------------------------------------
SIGA Technologies, Inc., on January 15, 2016, filed a monthly
operating report for December 2015.

The Debtor's December statement of operations showed a net loss of
$3.19 million.

As of December 31, 2015, the Debtor listed $184.83 million in total
assets, $456.39 million in total liabilities, and $271.55 million
in total shareholders' deficit.

The Debtor posted total cash receipts of $848,330 and total cash
disbursements of $14.34 million in December.

A copy of the monthly operating report is available at:

   http://bankrupt.com/misc/SIGATechnologies_dec2015mor.pdf

                    About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due
May 14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645
in liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
Proskauer Rose LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


SIMPLY FASHION: Posts $1.51 Million Ending Cash at Jan. 31
----------------------------------------------------------
Simply Fashion Stores Ltd., on Feb. 23, 2016, filed a monthly
operating report for January 2016

The Debtor started the month with $1.60 million cash.  It listed
$43,143 in total receipts and $139,236 in total
disbursements.  At month end, the Debtor had $1.51 million cash.

A copy of the monthly operating report is available at:

   http://bankrupt.com/misc/SIMPLYFASHIONjan2016mor.pdf
                  
            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.


                            *********

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 ***