TCR_Public/160419.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Tuesday, April 19, 2016, Vol. 20, No. 110

                            Headlines

531 TUNXIS HILL: Asks Court to Extend Plan Exclusivity to Oct. 7
AC NW RETAIL: LMEZZ 205 To Hold Public Auction on April 20
ADAMIS PHARMACEUTICALS: Eses Holdings Reports 10.8% Stake
AGRITECH WORLDWIDE: M&K CPAS Expresses Going Concern Doubt
AJAX INTEGRATED: Ch. 11 Trustee Wins Summary Judgment vs. DivLend

ALLIANCE MANAGEMENT: Case Summary & 20 Top Unsecured Creditors
AMERICAN EAGLE: T&A, Jegen Entitled to Jury Trial, Court Rules
ANCHOR GLASS: S&P Raises CCR to 'BB-', Outlook Stable
API TECHNOLOGIES: Agrees to Resolve Stockholder Actions
API TECHNOLOGIES: Incurs $6.42 Million Net Loss in First Quarter

ARCHDIOCESE OF ST. PAUL: More Parties Allowed to Review Claims
ASHLEY STEWART: $81,000 Claim Transferred to Sierra Liquidity
AURORA DIAGNOSTICS: Loan Termination Date Extended by 15 Days
AUTENTIDATE HOLDING: Continues to Trade on OTCQB Under "ADAT"
BIRMINGHAM COAL: Proposes April 28 Auction for Assets

BIRMINGHAM COAL: Wants to Auction Excess Equipment Through Ritchie
BON-TON STORES: Reports $57 Million Net Loss for 2015
BREITBURN ENERGY: S&P Cuts CCR to CC on Deferred Interest Payment
C&J ENERGY: S&P Lowers CCR to 'CCC-', Outlook Negative
CALMARE THERAPEUTICS: Incurs $3.67 Million Net Loss in 2015

CAPSUGEL HOLDINGS: Moody's Rates U.S. Term Loan Due 2021 'B1'
CAR CHAMPS: Case Summary & 20 Largest Unsecured Creditors
CHARLOTTE EAST II: True North to Auction Assets on April 28
CHESAPEAKE ENERGY: Almost All Assets Pledged in $4B Credit
CHINA SHIANYUN: AWC (CPA) Limited Expresses Going Concern Doubt

CLIFFS NATURAL: S&P Raises CCR to 'CCC+' on Debt Exchange
COATES INTERNATIONAL: Recurring Losses Raise Going Concern Doubt
COMSTOCK MINING: Closes Sale of Additional 1.5M Common Shares
CORPORATE RESOURCE: Gets Okay to Resolve Dispute With Wells Fargo
CRAIG MAIKE: Ch. 13 Debtor Can't Pay Atty Before Mortgage

CRYOPORT INC: Completes Warrants Tender Offer
DIAMOND T INDUSTRIES: Case Summary & 3 Unsecured Creditors
DIAMOND TANK: Case Summary & 20 Largest Unsecured Creditors
DIOCESE OF DULUTH: Court Extends Plan Exclusivity to Sept. 1
DIPLOMATA S/A INDUSTRIAL: Files Chapter 15 Petition in Florida

DON CHENTE INC: Case Summary & 13 Unsecured Creditors
DON CHENTE INVESTMENTS: Case Summary & 3 Unsecured Creditors
DRAFTDAY FANTASY: Common Stock Continued to be Listed on Nasdaq
ECOSPHERE TECHNOLOGIES: Salberg Expresses Going Concern Doubt
EL PESCADOR: Case Summary & 20 Largest Unsecured Creditors

EMERALD OIL: Hires Intrepid Partners as Financial Advisor
ENCINO CORPORATE: Judge Dismisses Bankruptcy Case
ENERGY & EXPLORATION: U.S. Trustee Objects to Settlement with CEO
ENERGY FUTURE: Luminant Gets Approval to Sell N. Lake Property
ENERGY XXI: Bankruptcy Triggers Defaults Under Debt Instruments

ENERGY XXI: Case Summary & 50 Largest Unsecured Creditors
ENERGY XXI: Fitch Cuts LT IDR to 'D' on Chapter 11 Bankr. Filing
ENERGY XXI: Grand Isle Waives Default Under Lease Agreement
ENERGY XXI: Has Restructuring Support Agreement With Noteholders
ESTATE FINANCIAL: April 20 Hearing to Approve Disclosure Statement

ESTERLINA VINEYARDS: Seeks to Enjoin Bank of the West Court Action
FAIRWAY GROUP: Has Tentative Deal to Restructure Debt in Bankruptcy
FANNIE MAE & FREDDIE MAC: Updated Third Amendment Litigation Chart
FINJAN HOLDINGS: Provides Update on Proofpoint Case
FORESIGHT ENERGY: Forbearance Period Extended Until April 15

FOREST PARK REALTY: Hires Cherry Bekaert as Accountants
FOREST PARK REALTY: Hires CPWR as Accountants
FPMC AUSTIN: Hires Kreager Mitchell as Special Counsel
FREESEAS INC: Effects 1-for-200 Reverse Common Stock Split
FREMAK INDUSTRIES: Court Extends Plan Exclusivity Through June 27

FUHU INC: Debtor Seeks June 28, 2016 General Claims Bar Date
FUSION TELECOMMUNICATIONS: Names Michael Bauer CFO
GELTECH SOLUTIONS: Issues $125,000 Note to Principal Shareholder
GENOIL INC: Pinaki & Associates Expresses Going Concern Doubt
GFL ENVIRONMENTAL: S&P Affirms 'B' Rating on 9.875% Sr. Notes

GLOBAL COMPUTER: Gets OK to Use Cash to Pay $293K in Expenses
GOODRICH PETROLEUM: Proposes Combined Plan & Disclosures Hearing
GREAT BASIN: Reports Q1 Revenues and Customer Acquisition Results
GREYSTONE LOGISTICS: Incurs $200,528 Net Loss in Third Quarter
GUITAR CENTER: Moody's Hikes Corporate Family Rating to B2

HALYARD HEALTH: S&P Puts 'BB' CCR on CreditWatch Negative
HARLEM PARK HOLDINGS: Public Auction Slated for April 20
HCSB FINANCIAL: Castle Creek, et al., Own 9.9% Stake as of April 11
HCSB FINANCIAL: Names Jan Hollar Chief Executive Officer
HOUSTON GRANITE: Voluntary Chapter 11 Case Summary

HOVENSA LLC: $3,038 Claim Sold to Liquidity Solutions
HUNTINGTON INGALLS: Fitch Affirms 'BB+' Issuer Default Rating
HYPNOTIC TAXI: Asks Court to Extend Solicitation Period to July 15
INFINITY ENERGY: RBSM LLP Raises Going Concern Doubt
INSITE CORPORATION: Court Dismisses Suit vs. Walsh Construction

JAKAYS SALON: Court Extends Plan Exclusivity to May 20
JAMES HALLIDAY LLC: Case Summary & 15 Largest Unsecured Creditors
JAY PEAK: SEC Case Freezes Assets of Ski Resort
JEFFREY GOURLEY: Excessive Spending Doom's Ch. 7
JOYCE LESLIE: $58,000 in Claims Sold to DACA VI

JUNIPER GTL: Case Summary & 20 Largest Unsecured Creditors
KU6 MEDIA: Reports $2.05 Million Net Loss for 2015
LATEX FOAM: Seeks June 7 Extension to Apply for Final Decree
LATTICE INC: Rosenberg Rich Expresses Going Concern Doubt
LIFE PARTNERS: Faces Rival Bankruptcy Plan from Vida Capital

LIME ENERGY: Appoints Bruce Torkelson as New CFO
LINDENHURST PARK: Moody's Affirms B1 Rating on $3.9MM GO Debt
LOMBARD FLATS: Court Affirms Contempt Order vs. Demas Yan
LOUISIANA PELLETS: Committee Hires Cooley LLP as Co-Counsel
LOUISIANA PELLETS: Committee Hires Jones Walker as Counsel

LOUISIANA PELLETS: Hires Cummins as Chief Restructuring Officer
LTP CAREPRO: Case Summary & 15 Unsecured Creditors
MADISON HOTEL: Case Summary & 8 Unsecured Creditors
MAGNETATION LLC: Exclusive Right to File Plan Extended to May 30
MALIBU ASSOCIATES: Hires Novogradac & Company as Accountant

MAX EXPRESS: Case Summary & 20 Largest Unsecured Creditors
MERRIMACK PHARMACEUTICALS: Signs Conversion Pacts with Noteholders
MICHAEL A. AULT: Court Extends Plan Exclusivity to June 24
MMRGLOBAL INC: Significant Losses Raise Going Concern Doubt
NBTY INC: S&P Affirms 'B' CCR & Rates New $1.4BB Facilities 'B+'

NEPHROS INC: Gets FDA 510(k) Clearance of S100 Point of Use Filter
NEW TRIDENT: S&P Lowers CCR to 'B-' Then Withdraws Rating
NEWSTAR FINANCIAL: Fitch Affirms 'BB-' LT Issuer Default Rating
NIGHTINGALE HOME: Court Extends Plan Exclusivity to July 7
NORTH AMERICAN LIFTING: Moody's Cuts CFR to Caa1, Outlook Still Neg

NUO THERAPEUTICS: $14,000 in Claims Sold to Liquidity Solutions
NURSES ALLIANCE: Case Summary & 20 Largest Unsecured Creditors
ORBITAL ATK: Fitch Affirms 'BB+' Issuer Default Rating
OUTER HARBOR: IAM Objects to Hiring of Gibson Dunn as Counsel
PALMAZ SCIENTIFIC: Hires Norton Rose as Counsel

PARKVIEW ADVENTIST: Employs Germani Martemucci as Special Counsel
PEABODY ENERGY: Authorized to Pay $10.3M to Essential Vendors
PEABODY ENERGY: Court Approves Joint Administration of 154 Cases
PEABODY ENERGY: Proposes Armstrong Teasdale as Co-Counsel
PEABODY ENERGY: Proposes FTI as Financial Advisors

PEABODY ENERGY: Proposes KCC as Claims Agent
PEABODY ENERGY: Proposes Lazard as Investment Banker
PEABODY ENERGY: Rejecting 8 Contracts & Leases
PEABODY ENERGY: Schedules Deadline Extended to June 13
PEABODY ENERGY: Seeks to Limit Trading to Protect NOLs

PICO HOLDINGS: Activist Bloggers Criticize Hart Compensation
POTOBAC LLC: Case Summary & 8 Unsecured Creditors
PQ CORP: S&P Affirms 'B' CCR & Alters Outlook to Stable on Merger
PQ CORPORATION: Moody's Affirms B3 Corporate Family Rating
QUANTUM FUEL: Taps Armory Securities as Investment Banker

RANCHO PALOMITA: Case Summary & 17 Largest Unsecured Creditors
REEVES DEVELOPMENT: Ask Court to Approve Amended Agreement
REGENT PARK: First State Bank Wants Stay Terminated
RELIANCE INTERMEDIATE: S&P Affirms 'BB+' CCR, Outlook Negative
REPUBLIC AIRWAYS: Aero Supply Transfers $6K Claim to Sonar Credit

REPUBLIC AIRWAYS: Committee Hires Imperial as Investment Banker
REPUBLIC AIRWAYS: Hires Norton Rose Fulbright as Attorneys
RESIDENTIAL CAPITAL: von Brincken's Suit vs. GMAC Mortgage Junked
RESOLUTE ENERGY: S&P Affirms 'CCC-' CCR, Outlook Negative
RG STEEL: Court Reduces Costs Taxed Against Kinder Morgan

ROSEVILLE SENIOR LIVING: Court OKs $39-Mil. Sale to DiNapoli
RWL INVESTMENTS: Hires Sullivan & Co as Accountant
SABLE OPERATING: Can Use Cash Collateral for Another 30 Days
SALIENT PARTNERS: S&P Affirms 'B+' ICR Then Withdraws Rating
SANDRIDGE ENERGY: Activist Hedge Funds Wounded by Bets

SEA SHELL COLLECTIONS: Stabilis Asks for Case Dismissal
SHADYLANE HOLDINGS: Voluntary Chapter 11 Case Summary
SHEEHAN PIPE LINE: Case Summary & 20 Largest Unsecured Creditors
SHEEHAN PIPE LINE: Files for Chapter 11 Bankruptcy Protection
SHUDDLE INC: Shuts Down Ride Service for Children

SIMPLY FASHION: Sand Capital Transfers $36K Claim to Westland
SITEONE LANDSCAPE: S&P Raises CCR to 'B+'; Outlook Stable
SOUNDVIEW ELITE: Court Affirms Sanctions Order vs. Fletcher, et al.
SPANISH BROADCASTING: Incurs $27 Million Net Loss in 2015
STAR COMPUTER: Bramid Sells $9.99MM Claim to Greensill Capital

STONE ENERGY: Provides Activity Update & Borrowing Redetermination
STONE ENERGY: Raymond Hyer Reports 5.18% Stake as of April 4
SUNEDISON INC: Independent Directors Complete Investigation
SUNNYSLOPE HOUSING: 9th Cir. Sets Aside Plan of Reorganization
SUNVALLEY SOLAR: Sadler Gibb Expresses Going Concern Doubt

SUPERMEDIA INC: YPPI Entitled to $303K Actual Damages
TARGETED MEDICAL: Recurring Losses Raise Going Concern Doubt
TEXAS REGENCY: Judge Extends Deadline to Close Regency Square Sale
TNT FORKLIFTS: Case Summary & 3 Unsecured Creditors
TRANS COASTAL: Wins July 20 Extension for Chapter 11 Plan Filing

TRANSGENOMIC INC: Ernst & Young Expresses Going Concern Doubt
TRASK DEVELOPERS: Case Summary & Unsecured Creditor
USA DISCOUNTERS: Objections Raised Over Standing Motion
VALEANT PHARMA: Ratings Cut Will See Forced Selling, Citigroup Says
VALEANT PHARMACEUTICALS: Gets Notice of Default Over Delayed 10-K

VALEANT PHARMACEUTICALS: S&P Cuts CCR to 'B', on CreditWatch Dev.
VENOCO INC: Hires PJT Partners as Investment Banker
VERSO CORP: Ch. 11 Plan Allots $3-Mil. to Unsecured Creditors
VERTICAL COMPUTER: MaloneBailey LLP Expresses Going Concern Doubt
VESTIS RETAIL: Files for Ch. 11 Bankruptcy Protection in Delaware

VOA INC: Case Summary & 11 Unsecured Creditors
WATCO COS: S&P Revises Outlook to Stable & Affirms 'B' CCR
WATERFORD FUNDING: Baker's "Substitution of Attorneys" Disapproved
WILLMAN CONSTRUCTION: Case Summary & 20 Top Unsecured Creditors
WINDSOR FINANCIAL: Creditors Have Until May 10 to File Claims

WINSWAY ENTERPRISES: Chapter 15 Recognition Hearing Set for May 9
[*] House Passes Financial Institution Bankruptcy Bill
[*] Peabody Pushes US Metals Loan Default Rate to 29%, Fitch Says
[^] Large Companies with Insolvent Balance Sheet

                            *********

531 TUNXIS HILL: Asks Court to Extend Plan Exclusivity to Oct. 7
----------------------------------------------------------------
531 Tunxis Hill Associates, LLC asks the U.S. Bankruptcy Court for
the District of Connecticut to extend the time in which it the
Debtor has the exclusive right to file a plan of reorganization and
disclosure statement pursuant to 11 U.S.C. Sec. 1121(b) to and
including October 7, 2016.

The Court on Feb. 24, 2016, directed the Debtor to file a plan and
disclosure statement by Sept. 7, 2016.

The Debtor explains it requires an extension due to its need to
rehabilitate its finances and explore a sale or lease of property.

531 Tunxis Hill Associates, LLC filed for Chapter 11 bankruptcy
(Bankr. N.D. Conn. Case No. 15-51468) on Oct. 20, 2015, listing
under $1 million in both assets and liabilities.  A copy of the
petition is available at http://bankrupt.com/misc/ctb15-51468.pdf
Michael A. Carbone, Esq., and James G. Verillo, Esq., at Zeldes,
Needle & Cooper, P.C., serve as counsel to the Debtor.


AC NW RETAIL: LMEZZ 205 To Hold Public Auction on April 20
----------------------------------------------------------
LMEZZ 250 W90 LLC ("secured party"), as successor in interest to
Ladder Capital Finance LLC, will offer for sale at a public
auction, and sell to the highest qualified bidder at 10:00 a.m.
local time on April 20, 2016, at the front of the New York County
Courthouse, 60 Centre Street, New York, New York, under Section
9-610 of the Uniform Commercial Code as enacted in the State of New
York, all of the secured party's right, title, and interest as a
secured creditor of AC NW Retail Investment LLC, ("Debtor") in 100%
of the membership interests in Armstrong New West Retail LLC,
pledged to secured party by the Debtor.

The principal asset of the Debtor is 100% of the limited liability
company interests in the issuer and certain related rights and
property relating thereto.  Secured party is informed and believe
that issuer owns certain real property and the improvements located
at 250 West 90th street, New York, New York.

The sale will be held to enforce the rights of the secured party
under (i) that certain Mezzanine Loan agreement dated as of July
20, 2015, and (ii) that certain pledged and security agreement
dated as of July 20, 2015, each executed by the Debtor in favor of
the secured party.

Any parties interested in further information about the collateral,
becoming a qualified bidder, and the terms of the sale should
contact:

   Jonathan Cuticelli
   Sheldon Good & Company
   Tel: (800) 516-0015
   jpcuticelli@sheldongood.com

Qualified bidders may obtain a confidentially agreement by visiting
http://www.sheldongood.com. Any prospective bidder must satisfy
the requirements to be a "qualified bidder" by no later than 12:00
p.m. local time on April 19, 2016.


ADAMIS PHARMACEUTICALS: Eses Holdings Reports 10.8% Stake
---------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Eses Holdings (FZE) and Ahmed Shayan Fazlur Rahman
reported that as of April 12, 2016, they beneficially own
1,635,312 shares of common stock of Adamis Pharmaceuticals
Corporation representing 10.8 percent of the shares outstanding.  A
full-text copy of the regulatory filing is available at:

                        http://is.gd/GusNJ8

                            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.

Adamis reported 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 its annual report for the
year ended Dec. 31, 2015.


AGRITECH WORLDWIDE: M&K CPAS Expresses Going Concern Doubt
----------------------------------------------------------
Agritech Worldwide, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
attributable to common stockholders of $24.25 million on $1.15
million of total revenues for the year ended Dec. 31, 2015,
compared to a net loss attributable to common stockholders of $5.57
million on $1.01 million of total revenues for the year ended Dec.
31, 2014.

As of Dec. 31, 2015, Agritech Worldwide had $1.35 million in total
assets, $4.91 million in total liabilities and a total
stockholders' deficit of $3.56 million.

M&K CPAS, PLLC, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company does not have enough
cash on hand to meet its current liabilities and has had
reoccurring losses as of December 31, 2015.  These conditions raise
substantial doubt about its ability to cont inue as a going
concern.

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

                       http://is.gd/4FQn9l

                          About Agritech

Agritech Worldwide, Inc., formerly known as Z Trim Holdings, Inc.,
is a functional food ingredient company which provides custom
product solutions that help answer the food industry's problems.


AJAX INTEGRATED: Ch. 11 Trustee Wins Summary Judgment vs. DivLend
-----------------------------------------------------------------
In a Memorandum-Decision and Order dated March 23, 2016, which is
available at http://is.gd/AYsUs1from Leagle.com, Judge Margaret
Cangilos-Ruiz of the United States Bankruptcy Court for the
Northern District of New York awarded summary judgment in favor of
Mary Lannon Fangio, Chapter 11 trustee of the estate of AJAX
Integrated, LLC, and avoided DivLend Equipment Leasing, LLC's
security interest in various items of equipment and vehicles.

The adversary case is Mary Lannon Fangio, in her official capacity
as trustee pursuant to 11 U.S.C. § 1104 of the bankruptcy estate
of Ajax Integrated, LLC, Plaintiff, v. DivLend Equipment Leasing,
LLC, Defendant, Adv. Proc. No. 14-50012 (Bankr. N.D.N.Y.).

The bankruptcy case is In re: Ajax Integrated, LLC, Chapter 11,
Debtor, Case No. 14-30435 (Bankr. N.D.N.Y.).

Mary Lannon Fangio, Plaintiff, is represented by Edward Y.
Crossmore, Esq. -- The Crossmore Law Office.

DivLend Equipment Leasing, LLC, Defendant, is represented by Manuel
A. Arroyo, Esq. -- marroyo@hancocklaw.com -- Hancock Estabrook,
LLP, R. John Clark, Esq. -- rjclark@hancocklaw.com -- Hancock
Estabrook, LLP.

Ajax Integrated, LLC, sought protection under Chapter 11 of the
Bankruptcy Code on June 26, 2014 (Bankr. N.D.N.Y., Case No.
14-31056).  The Debtor's Counsel is Sewart L. Weisman, Esq., in
Manlius, NY New York.

The Debtor's assets total $5.1 million, while its liabilities total
$11.6 million.

The petition was signed by Jay J. DeLine, manager.


ALLIANCE MANAGEMENT: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Alliance Management Services, LLC
        PO Box 646
        Leitchfield, KY 42754

Case No.: 16-31239

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Western District of Kentucky (Louisville)

Judge: Hon. Joan A. Lloyd

Debtor's Counsel: Jesse E. Offill, Esq.
                  COOLEY & OFFILL
                  1412 Frederica Street
                  Owensboro, Ky 42301
                  Tel: 270-685-5586
                  Fax: 888-686-9759
                  E-mail: jesse.offill@gmail.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Ray Ragland, member.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/kywb16-31239.pdf


AMERICAN EAGLE: T&A, Jegen Entitled to Jury Trial, Court Rules
--------------------------------------------------------------
Judge Raymond P. Moore of the United States District Court for the
District of Colorado granted in part the motion filed by the
defendants Power Energy Partners, LP, Power Crude Transport, Inc.,
T&A Energy, Inc., and William Jegen for withdrawal of the automatic
reference of the case captioned AMERICAN EAGLE ENERGY CORPORATION,
Plaintiff, v. POWER ENERGY PARTNERS LP, POWER CRUDE TRANSPORT,
INC., T&A ENERGY, INC., and WILLIAM JEGEN, Defendants, Civil Action
No. 16-cv-00043-RM (D. Colo.), relating to In re: AMERICAN EAGLE
ENERGY CORPORATION Debtor.

The amended complaint alleged that, in breach of their Lease Crude
Oil Purchase Agreement under which American Eagle sold oil to PEP,
PEP improperly retained several million dollars owed to American
Eagle for September and October 2015 post-petition oil productions.
American Eagle also sought recovery of definitive sums of monetary
damages from T&A and Jegen based on claims under Colorado statutes
for fraudulent transfers allegedly made by PEP to T&A and Jegen,
and for T&A's alleged breach of fiduciary duty and tortious
interference with contract.

Judge Moore held that the claims against T&A and Jegen raise legal
issues, and, accordingly, as T&A and Jegen have made a jury demand
and filed no proof of claim, they are entitled to a jury trial on
those claims.  As such, the judge held that cause has been shown
for the withdrawal of the reference as the bankruptcy court is not
authorized to conduct the jury trial.

The proceeding was withdrawn as to all parties.  However, because
the defendants acknowledged that the proceedings also contain core
matters, the bankruptcy court's familiarity with the proceedings,
and judicial economy, Judge Moore found that the bankruptcy court
should retain its authority to supervise and resolve all pretrial
matters, with dispositive rulings on non-core matters subject to
review by the district court upon timely objection by any party.

A full-text copy of Judge Moore's April 7, 2016 order is available
at http://is.gd/7KoakUfrom Leagle.com.

AMZG, Inc. is represented by:

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

            -- and --

          Lars Henrik Fuller, Esq.
          BAKER & HOSTETLER, LLP
          1801 California Street, Suite 4400
          Denver, CO 80202-2662
          Tel: (303)861-0600
          Fax: (303)861-7805
          Email: lfuller@bakerlaw.com

American Eagle Energy Corporation is represented by:

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

            -- and --

          Lars Henrik Fuller, Esq.
          Laurin D. Quiat, Esq.
          Zachariah J. DeMeola, Esq.
          BAKER & HOSTETLER, LLP
          1801 California Street, Suite 4400
          Denver, CO 80202-2662
          Tel: (303)861-0600
          Fax: (303)861-7805
          Email: lfuller@bakerlaw.com
                 lquiat@bakerlaw.com
                 zdemeola@bakerlaw.com

Power Energy Partners LP is represented by:

          Theodore James Hartl, Esq.
          LINDQUIST & VENNUM, PLLP
          600 17th Street, Suite 1800 South
          Denver, CO 80202
          Tel: (303)573-5900
          Fax: (303)573-1956
          Email: thartl@lindquist.com

T&A Energy, Power Crude Transport, Inc. are represented by:

          Theodore James Hartl, Esq.
          LINDQUIST & VENNUM, PLLP
          600 17th Street, Suite 1800 South
          Denver, CO 80202
          Tel: (303)573-5900
          Fax: (303)573-1956
          Email: thartl@lindquist.com

            -- and --

          Kevin Mark Lippman, Esq.
          MUNSCH HARDT KOPF & HARR, P.C.
          500 N. Akard Street, Suite 3800
          Dallas, TX 75201-6659
          Tel: (214)855-7500
          Fax: (214)855-7584
          Email: klippman@munsch.com

William Jergan are represented by:

          Theodore James Hartl, Esq.
          LINDQUIST & VENNUM, PLLP
          600 17th Street, Suite 1800 South
          Denver, CO 80202
          Tel: (303)573-5900
          Fax: (303)573-1956
          Email: thartl@lindquist.com

USG Properties Bakken I, LLC is represented by:

          Patrick Lamont Hughes, Esq.
          HAYNES & BOONE, LLP
          1801 Broadway Street, Suite 800
          Denver, CO 80202
          Tel: (303)382-6200
          Fax: (303)382-6210
          Email: patrick.hughes@haynesboone.com

                    About American Eagle

Littleton, Colorado-based American Eagle Energy Corporation is
engaged in the acquisition, exploration and development of oil and
gas properties.  The Company is primarily focused on extracting
proved oil reserves from those properties.

American Eagle Energy Corporation and its wholly-owned subsidiary,
AMZG, Inc., filed on May 8, 2015, voluntary petitions (Bankr. D.
Colo., Case No. 15-15073).  The case is assigned to Judge Howard R.
Tallman.  The Debtors are represented by Elizabeth A. Green, Esq.,
at Baker & Hostetler LLP, in Orlando, Florida.

On May 13, 2015, Judge Tallman granted the Debtors' request for
joint administration.

American Eagle Energy disclosed total assets of $21,980,687 and
total liabilities of $193,604,113 as of the Chapter 11 filing.

The U.S. Trustee for Region 6 appointed seven creditors to serve on
the Official Committee of Unsecured Creditor.  The Committee tapped
Pachulski Stang Ziehl & Jones LLP as counsel, and Conway Mackenzie
as financial advisor.  


ANCHOR GLASS: S&P Raises CCR to 'BB-', Outlook Stable
-----------------------------------------------------
Standard & Poor's Ratings Services said that it has raised its
corporate credit rating on U.S. glass packaging producer Anchor
Glass Container Corp. to 'BB-' from 'B+'.  The outlook is stable.

At the same time, S&P raised its issue-level rating on the
company's first-lien senior secured term loan to 'BB' from 'BB-'.
The '2' recovery rating remains unchanged, indicating S&P's
expectation for substantial recovery (70%-90%; upper half of the
range) of principal in the event of a payment default.

"The upgrade reflects our expectation that Anchor Glass will
maintain a debt leverage metric of less than 5x despite the
financial policy risks associated with the company's ownership by
its private-equity sponsor, KPS Capital Partners," said Standard &
Poor's credit analyst Nadine Totri.  "Because of this, we have
revised our assessment of Anchor Glass' financial risk profile to
aggressive from highly leveraged."  S&P's expectations are rooted
in management's commitment to maintain the company's leverage at
this level and its track record of doing so.  Since KPS purchased
Anchor Glass in June 2014, its leverage has consistently remained
below 5x.  The company completed a dividend recapitalization in
June 2015, which led its leverage to increase to just above 4x
following the transaction; however, the company was able to
deleverage to 3.7x by the end of 2015 through a combination of
EBITDA growth and debt repayment.

The stable outlook on Anchor reflects S&P's expectation that the
company will experience fairly predictable business conditions and
generate stable cash flow over the next 12 months.  S&P's
assessment of the company's financial policy incorporates S&P's
expectation that its debt-to-EBITDA metric will remain consistently
below 5x.

S&P could lower its ratings on Anchor if the company's operating
performance deteriorates or if a large debt-financed acquisition or
shareholder distribution causes its total debt-to-EBITDA metric to
increase to 5x or above without clear prospects for recovery. Also,
S&P could lower its ratings if the company generates negative free
cash and its liquidity position deteriorates, leaving it with less
than 15% of headroom under the covenant on its revolving credit
facility.  The company could experience operational challenges
following unexpected volume declines caused by a decline in
consumer spending, falling demand for mass market beer brands, the
more aggressive substitution of plastic containers for glass in
certain beverage and food categories, or a significant decline in
business from one of its key customers.

Given the company's private-equity ownership, S&P views an upgrade
over the next year as unlikely.  However, S&P could raise its
ratings on Anchor if S&P expects that its private-equity ownership
will meaningfully decline in the intermediate-term and its debt
leverage metric will fall below 4x and remain there.


API TECHNOLOGIES: Agrees to Resolve Stockholder Actions
-------------------------------------------------------
On Feb. 28, 2016, API Technologies Corp., RF1 Holding Company and
RF Acquisition Sub, Inc., a wholly-owned subsidiary of Parent,
entered into an Agreement and Plan of Merger.  Upon the terms and
subject to the conditions set forth in the Merger Agreement, Merger
Sub will merge with and into the Company, with the Company
continuing as the surviving corporation and a wholly-owned
subsidiary of Parent.  

In connection with the Merger, three purported class action
complaints have been filed on behalf of the stockholders against
the Company, members of the board of directors, J.F. Lehman &
Company, Parent and Merger Sub in the Circuit Court for the Ninth
Judicial Circuit in and for Orange County, Florida.  The three
complaints are captioned as follows: Smith v. API Technologies
Corp. et. al., 2016-CA-001988-O (Cir. Ct. Fl.); Marcus v. API
Technologies Corp. et. al., 2016-CA-002257-O (Cir. Ct. Fl.); and
Strougo v. API Technologies Corp. et. al., 2016-CA-002629-O (Cir.
Ct. Fl.).

On April 13, 2016, the parties to the Stockholder Actions entered
into a memorandum of understanding reflecting an agreement in
principle to resolve the Stockholder Actions.  Subject to
completion of certain confirmatory discovery by counsel to the
plaintiffs, the MOU stipulates that the parties will enter into a
stipulation of settlement.  The stipulation of settlement will be
subject to customary conditions, including court approval.  In the
event that the parties enter into a stipulation of settlement, a
hearing will be scheduled at which the settlement contemplated by
the MOU will be submitted to the Circuit Court for approval. If the
settlement is finally approved by the Circuit Court, the
Stockholder Actions will be dismissed with prejudice.  As part of
the settlement, the defendants deny all allegations of wrongdoing
and deny that the disclosures in the Definitive Information
Statement on Schedule 14C filed with the Securities and Exchange
Commission by the Company on March 28, 2016, were inadequate but
have agreed to provide supplemental disclosures.  The settlement
will not affect the timing of the Merger or the amount of
consideration to be paid in the Merger.

                      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.


API TECHNOLOGIES: Incurs $6.42 Million Net Loss in First Quarter
----------------------------------------------------------------
API Technologies Corp. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $6.42 million on $54.42 million of net revenue for the three
months ended Feb. 29, 2016, compared to a net loss of $2.17 million
on $50.85 million of net revenue for the quarter ended Feb. 28,
2015.

As of Feb. 29, 2016, API Technologies had $334.81 million in total
assets, $253.18 million in total liabilities and $81.62 million in
shareholders' equity.

At Feb. 29, 2016, the Company held cash and cash equivalents of
approximately $4.5 million compared to $7.2 million at Nov. 30,
2015.

"We believe that our available cash and cash equivalents and future
cash flows from operations will be sufficient to satisfy our
anticipated cash requirements for the next twelve months, including
scheduled debt repayment, lease commitments, planned capital
expenditures, and research and development expenses.  There can be
no assurance, however, that unplanned capital replacements or other
future events, will not require us to seek additional debt or
equity financing and, if so required, that it will be available on
terms acceptable to us, if at all.  Any issuance of additional
equity could dilute our current stockholders' ownership interests.
In addition, see below regarding a discussion of the consequences
if there is an event of default under the Term Loan Agreement."

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

                     http://is.gd/DRsycs

                   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.


ARCHDIOCESE OF ST. PAUL: More Parties Allowed to Review Claims
--------------------------------------------------------------
A federal judge has granted a motion of the Archdiocese of Saint
Paul and Minneapolis to authorize additional persons to review
claims filed by victims of clergy sex abuse.

The order, issued by Judge Robert Kressel of the U.S. Bankruptcy
Court in Minnesota, allowed legal counsel for any "non-debtor
Catholic entity" implicated in a sex abuse claim to review the
claims upon execution of a confidentiality agreement.

Also allowed to review the claims are designated representatives of
a non-debtor Catholic entity who are authorized to make settlement
on its behalf and those insurance companies that issued policies to
a non-debtor Catholic entity.

              About the Archdiocese of St. Paul

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

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

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

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

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

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

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

The Debtor's exclusive period for filing a Chapter 11 plan and
disclosure statement ended on Nov. 30, 2015.


ASHLEY STEWART: $81,000 Claim Transferred to Sierra Liquidity
--------------------------------------------------------------
In the Chapter 11 cases of Ashley Stewart Holdings, Inc., et al.,
one claim switched hands in March 2016:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Sierra Liquidity Fund, LLC    Leonard A. Feinberg,   $81,145.13
19772 MacArthur Boulevard,    Inc. dba Mister Noah
Suite #200                    1824 Byberry Road
Irvine, CA 92612              Bensalem, PA 19020


                   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: Loan Termination Date Extended by 15 Days
-------------------------------------------------------------
As disclosed in a Form 8-K report filed with the Securities and
Exchange Commission, Aurora Diagnostics Holdings, LLC entered into
a fifth amendment to its Financing Agreement dated as of July 31,
2014, as amended, restated, supplemented or otherwise modified from
time to time, by and among Aurora Diagnostics, LLC, as borrower,
the Company and certain subsidiaries of the Borrower parties
thereto, as guarantors, the various lenders from time to time party
thereto, as lenders, and Cerberus Business Finance, LLC, as
administrative agent and collateral agent.  

The fifth amendment provides for a 15 day extension to the Delayed
Draw Term Loan B Commitment Termination Date, but conditions any
drawing during the extension period on obtaining the consent of the
Required Lenders.

The fifth amendment contains customary representations and
warranties applicable to the Company and its subsidiaries.

                    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 April 14, 2016,
Moody's Investors Service downgraded the Corporate Family Rating of
Aurora Diagnostics Holdings, LLC to Caa3 from Caa2 and the
Probability of Default Rating to Caa3-PD from Caa2-PD.  The
downgrade reflects Moody's heightened expectation that Aurora
will pursue some transaction within the next 12 months which the
rating agency would consider a default.  This could include a
transaction which Moody's considers a distressed debt exchange, or
a bankruptcy filing.

Aurora Diagnostic carries a 'CCC+' corporate credit rating from
Standard & Poor's Ratings Services.


AUTENTIDATE HOLDING: Continues to Trade on OTCQB Under "ADAT"
-------------------------------------------------------------
On Feb. 1, 2016, Authentidate Holding Corp., received a
notification from The NASDAQ Stock Market LLC stating that the
NASDAQ Listing Qualifications Hearings Panel had determined to
delist shares of the Company's common stock from NASDAQ and that
trading in the Company's common stock will be suspended on NASDAQ
effective at the open of business on Jan. 29, 2016.  The suspension
was due to the Company's continuing non-compliance with the
stockholders' equity requirement set forth in NASDAQ Listing Rule
5550(b)(1) and minimum bid price requirement in NASDAQ Listing Rule
5550(a)(2). NASDAQ further indicated that it would complete the
delisting action by filing a Form 25 Notification of Delisting with
the SEC after all applicable appeal periods have lapsed.

On April 8, 2016, NASDAQ filed a Form 25 with the SEC to complete
the delisting.  The delisting will become effective ten days after
the filing of the Form 25.  The Company's common stock continues
trading on the OTC Markets' OTCQB market tier, an electronic
quotation service operated by OTC Markets Group Inc. for eligible
securities traded over-the-counter, under the ticker symbol "ADAT."


                     About Authentidate

Authentidate Holding Corp. and its subsidiaries provide secure
web-based revenue cycle management applications and telehealth
products and services that enable healthcare organizations to
increase revenues, improve productivity, reduce costs, coordinate
care for patients and enhance related administrative and clinical
workflows and compliance with regulatory requirements.  The
Company's web-based services are delivered as Software as a Service
(SaaS) to its customers interfacing seamlessly with billing,
information and document management systems.  These solutions
incorporate multiple features and security technologies such as
business-rules based electronic forms, intelligent routing,
transaction management, electronic signatures, identity
credentialing, content authentication, automated audit trails and
remote patient management capabilities.  Both web and fax-based
communications are integrated into automated, secure and trusted
workflow solutions.

Authentidate reported a net loss of $9.7 million on $3.68 million
of total revenues for the year ended June 30, 2015, compared to a
net loss of $7.14 million on $5.55 million of total revenues for
the year ended June 30, 2014.

EisnerAmper LLP, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company's recurring losses
from operations and negative cash flows from operations raise
substantial doubt about its ability to continue as a going
concern.

As of Dec. 31, 2015, Authentidate had $3.41 million in total
assets, $9.55 million in total liabilities and a $6.14 million
total shareholders' deficit.


BIRMINGHAM COAL: Proposes April 28 Auction for Assets
-----------------------------------------------------
Birmingham Coal & Coke Company, Inc., and its affiliated debtors
ask the U.S. Bankruptcy Court for the Northern District of Alabama,
Southern Division, to approve bidding procedures in connection with
the sale of their assets.

The Debtors seek authority to sell substantially all of their
assets, less equipment, to the successful bidder, subject to higher
and better bids.  The Debtors believe that their proposed
procedures with respect to the sale of the assets are the best way
to maximize the value of the assets for the Debtors' estates, for
their creditors and stakeholders under the circumstances.

The proposed bidding procedures contain, among others, the
following relevant terms:

     (a) Bid Deadline: April 25, 2016, at 5:00 p.m.

     (b) Auction: April 28, 2016, at 10:00 a.m.

     (c) Sale Hearing: May 2, 2016, at 10:00 a.m.

     (d) Deadline to Object to the Sale: April 28, 2016, at 5:00
p.m.

The Debtors did not identify a stalking-horse bidder.

The Debtors believe that the bidding procedures will provide an
appropriate framework for selling the assets and will enable the
Debtors to review, analyze and compare all bids received to
determine which bid is in the best interests of the Debtors' estate
and creditors.

                      Land Energy's Objection

Land Energy, Ltd., contends that it is not adequately protected as
Birmingham Coal's deteriorating cash position makes it unable to
make future royalty payments for ore being currently mined under
the Coal Lease.

"Failure to make royalty payments is a violation of the Adequate
Protection Order.  Notably, there is no stalking horse bidder or
executed asset purchase agreement as part of the Debtors' expedited
Motion seeking to set up bidding procedures and authorize
assignment of executory contracts and leases (including, the Coal
Lease), which calls into question if there are any interested
buyers with the financial ability to operate the mines and pay the
royalties earned by Land Energy on or after March 2016... Upon
information and belief, the Coal Lease proceeds for March and April
are being used to pay other creditors and expenses of the Debtors'
business operations such that any royalties due Land Energy after
mining operations cease, will not be paid," Land Energy contends.

Land Energy asks the Court to:

   * require the Debtors to set aside monies from coal sales
sufficient to cover royalty payments due Land Energy pursuant to
the Coal Lease and in accordance with the Adequate Protection
Order, and

   * provide Land Energy with appropriate relief to protect it from
an administrative expense claim against administratively insolvent
bankruptcy estates.

Birmingham Coal & Coke Company and its affiliated debtors are
represented by:

          C. Ellis Brazeal III, Esq.
          JONES WALKER LLP
          1819 5th Avenue North, Suite 1100
          Birmingham, AL 35203
          Telephone: (205)244-5237
          Facsimile: (204)244-5400
          E-mail: ebrazeal@joneswalker.com

                 - and -

          Mark A. Mintz, Esq.
          Laura F. Ashley, Esq.
          JONES WALKER LLP
          201 St. Charles Ave., Suite 5100
          New Orleans, LA 70170
          Telephone: (504)582-8000
          Facsimile: (504)582-8011
          E-mail: mmintz@joneswalker.com
                  lashley@joneswalker.com

Land Energy is represented by:

          Jesse S. Vogtle, Jr., Esq.
          BALCH & BINGHAM LLP
          Post Office Box 306
          Birmingham, AL 35201-0306
          Telephone: (205)251-8100
          Facsimile: (205)226-8799
          E-mail: jvogtle@balch.com

                   About Birmingham Coal & Coke

Birmingham Coal & Coke Company, Inc., produces and markets coal to
industrial, utility and export markets.  It owns and operates three
coal mines with an average annual coal production of approximately
480,000 tons.  The company also offers coal brokerage services.
Birmingham Coal was founded in 2000 and is
based in Birmingham, Alabama.  As of May 9, 2011, Birmingham Coal
operates as a subsidiary of CanAm Coal Corp.

On May 27, 2015, Birmingham Coal and affiliates Cahaba Contracting
& Reclamation LLC, and RAC Mining LLC each filed a voluntary
petition for Chapter 11 reorganization (Bankr. N.D. Ala. Lead Case
No. 15-02075) in Birmingham, Alabama.

The Debtors tapped Jones Walker LLP as counsel.

Birmingham Coal and Cahaba Contracting each estimated $10 million
to $50 million in assets and debt.  RAC Mining estimated $1
million to $10 million in assets and debt.


BIRMINGHAM COAL: Wants to Auction Excess Equipment Through Ritchie
------------------------------------------------------------------
Birmingham Coal & Coke Company and its affiliated debtors ask the
U.S. Bankruptcy Court for the Northern District of Alabama,
Southern Division, to authorize the sale of their equipment free
and clear of all liens, claims and encumbrances outside the
ordinary course of business, through Ritchie Bros. Auctioneers
(America) Inc.

The Debtors have determined it is in the best interest of the
creditors and the estates to auction certain assets to purchasers
presenting the highest and best offer at an auction.  The Debtors
have submitted their application to employ Ritchie Bros.
Auctioneers (America) Inc., to conduct the auctions.  

The Debtors had determined to sell equipment not necessary for
their operations – equipment which was deemed to be "excess."
They aver that based upon their worsening cash situation, the
Debtors do not anticipate that they will be able to operate beyond
April 30, 2016.  The Debtors further aver that since they do not
anticipate operating beyond that date, they believe that the best
way to obtain the maximum value for their equipment would be to
sell the equipment at the Ritchie auction on May 5, 2016.

The Debtors relate that most, if not all, of the Equipment that is
not subject to a certificate of title, secured the obligations of
the Debtors to the Regions Entities, consisting of Regions Bank,
Regions Equipment Finance Corporation and Regions Commercial
Equipment Finance, LLC.  The Debtors further relate that the
Regions Entities have agreed that the filing of the Debtors' Sale
Motion does not constitute an event of termination under the
Court's Adequate Protection Order or Cash Collateral Order.

The Debtors, Regions Entities and Ritchie have agreed that the
Debtors will be responsible for refurbishing the Equipment, prior
to the Auctions, to a standard acceptable to Ritchie, and subject
to the Regions Entities' consent with respect to Regions
Collateral.  They further agreed that should Ritchie organize and
pay for the refurbishing of any part of the Equipment, Richie shall
be reimbursed for these costs plus 10%, provided Richie does not
proceed with refurbishing without the Debtors, authorization, and
subject to the Regions Entities' consent with respect to Regions
Collateral.  The Parties decided that the Debtors will reimburse
Ritchie for the cost of fuel and batteries as Richie deems
necessary for purposes of demonstration and sale of the Equipment.
They further decided that the Regions Entities' cash collateral may
not be used to pay for repairs to Equipment listed on the Equipment
List that is not part of the Regions Collateral.

"At the conclusion of the Auctions, Ritchie shall execute
settlements and, in consultation with the Debtors and Regions (with
respect to Regions Collateral), prepare and/or execute appropriate
bills of sale.  Ritchie shall collect sales proceeds and remit
State and local taxes arising upon the sale of the Equipment at the
Auctions.  Then, after deducting its share of the proceeds
(consistent with the terms set out in the Contract to Auction), the
remaining proceeds ("Auction Proceeds") shall be placed with the
Debtors' Counsel, Jones Walker, LLP, and held in trust for
disbursement according to subsequent order of this Court.  The
Debtors will file a Motion to Authorize a Proposed Distribution of
the Auction Proceeds within five business days after the Auction
Proceeds are received by Debtors' Counsel," the Debtors aver.

Birmingham Coal & Coke Company, Inc., and its affiliated debtors
are represented by:

          C. Ellis Brazeal III, Esq.
          JONES WALKER LLP
          1819 5th Avenue North
          Suite 1100
          Birmingham, AL 35203
          Telephone: (205)244-5237
          Facsimile: (204)244-5400
          E-mail: ebrazeal@joneswalker.com

                  - and -

          Mark A. Mintz, Esq.
          Laura F. Ashley, Esq.
          JONES WALKER LLP
          201 St. Charles Ave., Suite 5100
          New Orleans, LA 70170
          Telephone: (504)582-8000
          Facsimile: (504)582-8011
          E-mail: mmintz@joneswalker.com
                  lashley@joneswalker.com

               About Birmingham Coal & Coke Company

Birmingham Coal & Coke Company, Inc. produces and markets coal to
industrial, utility and export markets. It owns and operates three
coal mines with an average annual coal production of approximately
480,000 tons.  The company also offers coal brokerage services.
Birmingham Coal & Coke Company, Inc. was founded in 2000 and is
based in Birmingham, Alabama.  As of May 9, 2011, Birmingham Coal
operates as a subsidiary of CanAm Coal Corp.

On May 27, 2015, Birmingham Coal and affiliates Cahaba Contracting
& Reclamation LLC, and RAC Mining LLC each filed a voluntary
petition for Chapter 11 reorganization (Bankr. N.D. Ala. Lead Case
No. 15-02075) in Birmingham, Alabama.

The Debtors tapped Jones Walker LLP as counsel.

Birmingham Coal and Cahaba Contracting each estimated $10 million
to $50 million in assets and debt.  RAC Mining estimated $1
million
to $10 million in assets and debt.


BON-TON STORES: Reports $57 Million Net Loss for 2015
-----------------------------------------------------
The Bon-Ton Stores, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$57.05 million on $2.71 billion of net sales for the fiscal year
ended Jan. 30, 2016, compared to a net loss of $6.97 million on
$2.75 billion of net sales for the fiscal year ended Jan. 31,
2015.

As of Jan. 30, 2016, Bon-Ton Stores had $1.55 billion in total
assets, $1.52 billion in total liabilities and $34.91 million in
total stockholders' equity.

At Jan. 30, 2016, the Company had $6.9 million in cash and cash
equivalents and $251.9 million available under its Second Amended
and Restated Loan and Security Agreement (before taking into
account the minimum borrowing availability covenant under such
facility).  Excess availability was $382.9 million as of the
comparable prior year period.  The Company said the unfavorable
excess availability comparison reflects increased direct borrowings
to support its operations and, in part, to repay its mortgage
facility, partially offset by an increased borrowing base.

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

                       http://is.gd/rJE3uo

                      About Bon-Ton Stores

The Bon-Ton Stores, Inc., with corporate headquarters in York,
Pennsylvania and Milwaukee, Wisconsin, operates 270 stores, which
includes nine furniture galleries and four clearance centers, in
26 states in the Northeast, Midwest and upper Great Plains under
the Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman,
Herberger's and Younkers nameplates.  The stores offer a broad
assortment of national and private brand fashion apparel and
accessories for women, men and children, as well as cosmetics and
home furnishings.  For further information, please visit the
investor relations section of the Company's Web site at
http://investors.bonton.com.          

                           *     *     *

As reported in the TCR on Dec. 4, 2015, Moody's Investors Service
downgraded Bon-Ton Stores's Corporate Family Rating to Caa1 from
B3. The company's Speculative Grade Liquidity rating was affirmed
at SGL-2.  The rating outlook is stable.  The downgrade considers
the continuing and persistent negative pressure on Bon-Ton's
revenue and EBITDA margins which has been accelerating during the
course of fiscal 2015.

Standard & Poor's Ratings Services in December 2015 lowered its
corporate credit rating Bon-Ton Stores to 'CCC+' from 'B-'.
The outlook is negative.  S&P said the downgrade reflects both
Bon-Ton's weakening performance and our forecast for an
unsustainable capital structure and "less than adequate" liquidity.


BREITBURN ENERGY: S&P Cuts CCR to CC on Deferred Interest Payment
-----------------------------------------------------------------
Standard & Poor's Ratings Service lowered its corporate credit
rating on Breitburn Energy Partners to 'CC' from 'B-'.  The rating
outlook is negative.

In addition, S&P lowered the senior secured issue-level rating to
'CCC' from 'BB-' and the senior unsecured issue-level rating to 'C'
from 'CCC'.  The recovery rating on the senior secured notes
remains '1', reflecting S&P's expectation for very high recovery
(90% to 100%) in a default scenario.  The recovery rating on the
senior unsecured notes remains '6', reflecting S&P's expectation
for negligible recovery (0% to 10%).

"The downgrade reflects Breitburn's announcement that it has
elected to defer its April 15, 2016, interest payments on its
7.875% senior notes due April 2022 and its 8.625% senior notes due
October 2020," said Standard & Poor's credit analyst Aaron McLean.
"The company has a 30-day grace period after the interest payment
date before an event of default occurs," he added.

The company maintains adequate liquidity and may make the interest
payments during its 30-day grace period while it continues to
negotiate with bondholders although, in S&P's opinion, the chances
of such an outcome remain limited.  S&P views a debt restructuring,
debt exchange, or default as more likely.  Breitburn has retained
Lazard Freres & Co. LLC as its financial advisor and Weil, Gotshal
& Manges LLP as its legal advisor to assist the board of directors
and the management team with the strategic review process.

The negative outlook reflects S&P's expectation that it will lower
the rating to 'D' if the interest payments are not made within the
30-day grace period or to 'SD' if a debt restructuring or exchange
takes place.


C&J ENERGY: S&P Lowers CCR to 'CCC-', Outlook Negative
------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based oilfield services provider C&J Energy
Services Ltd. to 'CCC-' from 'B-'.  The outlook is negative.

At the same time, S&P lowered its ratings on the company's revolver
and term loans to 'CCC-' (the same as the corporate credit rating)
from 'B'.  The recovery rating on the company's revolver and term
loans is '3', indicating S&P's expectation of meaningful (50% to
70%, high end of the range) recovery in the event of a payment
default.

"The downgrade on reflects our view of the company's unsustainable
credit metrics and our belief that the company could restructure
its debt or miss an interest payment over the next six months,"
said Standard & Poor's credit analyst Stephen Scovotti.

Utilization and pricing for the company's completion services has
weakened significantly over the past year, due to the significant
drop in crude oil and natural gas prices and the decline in
drilling and completion activity, and S&P expects market conditions
to continue to be very weak in 2016.  As a result, S&P expects debt
to EBITDA to be above 25x in 2016.

The ratings on CJES reflect S&P's assessment of its weak business
risk, highly leveraged financial risk, and less than adequate
liquidity.

The negative outlook reflects S&P's expectation that the company
could restructure its debt or miss an interest payment over the
next six months if operating conditions do not improve.

S&P could lower the ratings on C&J Energy Services Ltd. if S&P did
not believe that the company will be able to meet its near term
obligations.

S&P could consider a positive rating action if industry conditions
improve and S&P believes that the company will be able to meet its
obligations over the next six months.



CALMARE THERAPEUTICS: Incurs $3.67 Million Net Loss in 2015
-----------------------------------------------------------
Calmare Therapeutics Incorporated filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $3.67 million on $891,472 of product sales for the year
ended Dec. 31, 2015, compared to a net loss of $3.41 million on
$1.04 million of product sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Calmare Therapeutics had $4.20 million in
total assets, $14.62 million in total liabilities and a total
shareholders' deficit of $10.41 million.

Mayer Hoffman McCann CPAs, in New York, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has incurred operating
losses since fiscal year 2006 and has a working capital and
shareholders' deficiency at Dec. 31, 2015.  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/zNsG3F

                    About Calmare Therapeutics

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


CAPSUGEL HOLDINGS: Moody's Rates U.S. Term Loan Due 2021 'B1'
-------------------------------------------------------------
Moody's Investors Service downgraded the ratings of Capsugel S.A.
Luxembourg (Capsugel), including the ratings on the company's
senior secured revolver and European term loan from Ba3 to B1.
Moody's also assigned a B1 credit rating to Capsugel's upsized and
extended U.S. term loan. Moody's affirmed all other ratings on
Capsugel, including the Corporate Family Rating (CFR) at B2.

The downgrade of Capsugel's first lien credit facilities reflects a
refinancing transaction in which the company redeemed $200 million
of senior unsecured PIK toggle notes at Capsugel S.A. Luxembourg
with proceeds from incremental term loan borrowings at Capsugel
Holdings US, Inc. and Capsugel FinanceCo S.C.A. Luxembourg. "This
refinancing is credit negative for previously participating senior
secured creditors, because the collateral pool must now secure a
greater amount of first lien debt," stated Jonathan Kanarek,
Moody's Vice President.

The affirmation of Capsugel's CFR reflects the transaction's muted
impact on firmwide leverage and the benefits of lower effective
interest expense and the concurrent maturity extension on the U.S.
term loan borrowings. Moody's overall ratings rationale remains
intact.

The following is a summary of rating actions taken:

Capsugel S.A. Luxembourg

Ratings affirmed:
Corporate Family Rating at B2
Probability of Default Rating at B2-PD
Senior unsecured holdco PIK notes due 2019 at Caa1 (LGD 5)

Capsugel Holdings US, Inc.

Ratings assigned:
Senior secured U.S. term loan due 2021 at B1 (LGD 3)

Ratings downgraded:
Senior secured revolving credit facility expiring 2019 to B1
(LGD 3) from Ba3 (LGD 3)

Capsugel FinanceCo S.C.A

Ratings downgraded:
Senior secured European term loan due 2021 to B1 (LGD 3) from
Ba3 (LGD 3)

The outlook on all ratings is stable.

RATINGS RATIONALE

The B2 Corporate Family Rating reflects Capsugel's very high
financial leverage and aggressive financial policies, including
significant shareholder dividends. The rating also reflects the
company's modest overall size (by revenue), and high concentration
in the niche hard capsule market. Other credit risks include the
company's exposure to gelatin costs. The rating is supported by the
company's good track record of organic, constant currency revenue
growth, and operating margin expansion. The rating is also
supported by the company's leadership in supplying hard capsules to
the pharmaceutical and dietary supplement industries, its track
record of technological innovation, and its good diversity by
geography and customer.

The stable outlook balances the company's very high leverage with
its relatively good business stability and liquidity and Moody's
expectation that debt/EBITDA will remain below 6.5 times.

The ratings could be downgraded if Moody's expects leverage to be
sustained above 6.5 times, free cash flow to debt to be negative
for a sustained period, or liquidity to materially worsen.

The ratings could be upgraded if Moody's expects adjusted debt to
EBITDA to be sustained below 5.0 times, continued stability in
profit margins despite price fluctuations in gelatin and other
commodities, and Capsugel to adhere to more conservative financial
policies.

Capsugel, headquartered in Morristown, New Jersey, is the leading
developer and manufacturer of empty, gelatin-based hard-shell
capsules to the pharmaceutical and dietary supplement industries.
The company also provides specialty polymer (non-gelatin) capsules,
dosage formulation services and liquid-filled capsules to its
customers. Capsugel is owned by Kohlberg Kravis Roberts & Co. L.P.
For the trailing twelve months ended December 31, 2015, Capsugel
generated revenue of $1.0 billion.



CAR CHAMPS: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------
Debtor: Car Champs, LLC
        18300 Von Karman Ave., Suite 410
        Irvine, CA 92612-0192

Case No.: 16-11629

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Catherine E. Bauer

Debtor's Counsel: Benjamin Nachimson, Esq.
                  WOOLF & NACHIMSON, LLP
                  15300 Ventura Blvd., Suite 214
                  Sherman Oaks, CA 91403
                  Tel: 310-474-8776
                  Fax: 310-919-3037
                  E-mail: ben.nachimson@wnlawyers.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Scott Kohn, manager.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-11629.pdf


CHARLOTTE EAST II: True North to Auction Assets on April 28
-----------------------------------------------------------
True North Mezzanine Investment Fund SPF LLC ("secured party") will
appear at 10:00 a.m., prevailing Eastern Time, on April 28, 2016,
at the offices of King & Spalding LLP, legal counsel of the secured
party, at 100 N Tyron Street, Suite 3900, Charlotte, North
Carolina, and will offer for sale at a public auction the personal
property of Charlotte East II LLC on account of unpaid indebtedness
owed by Debtor to the secured party.

The property offered for sale will consist of any and all right,
title, and interest of the Debtor in, to, or under the property
identified in (a) Uniform Commercial Code Financing Statement,
Filing No. 2006 4532297, that was filed by secured party against
the Debtor with the Delaware Department of State on Dec. 26, 2006,
and (b) Uniform Commercial Code Financing Statement, Filing No. 013
0986993, that was filed by the secured party against the Debtor
with the Delaware Department of State on March 14, 2013, with
respect to certain personal property of the Debtor (including,
without limitation, all of the Debtor's membership interests in
Charlotte East LLC).

Charlotte East is the owner of certain office buildings known as
the Charlotte East Office Community and principally located at
5500-5855 Executive Center Drive, Charlotte, North Carolina.


CHESAPEAKE ENERGY: Almost All Assets Pledged in $4B Credit
----------------------------------------------------------
Joe Carroll, writing for Bloomberg Brief, reported that Chesapeake
Energy Corp. has pledged almost all of its natural gas fields, real
estate and derivatives contracts to maintain access to a $4 billion
line of credit as the shale gas producer grapples with falling
energy prices.

According to the report, Chesapeake amended a secured revolving
credit agreement that matures in 2019 with lenders, who agreed to
postpone the next evaluation until June 2017, the Oklahoma
City-based company said in a statement.  In exchange, Chesapeake
pledged "substantially all of the company's assets, including
mortgages encumbering 90 percent of all the company's proved oil
and gas properties" as collateral, the report said, citing a
regulatory filing.

The report pointed out that the has slashed its debt load by more
than half a billion dollars since the end of September, and it
surprised analysts and investors by raising twice as much cash as
expected from fourth-quarter divestitures of a portfolio of small
gas holdings across several states.

Another Bloomberg Brief report noted that many of Chesapeake
Energy's competitors are faring far worse as lenders including
JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp.
are slashing credit lines for struggling energy companies.  The
Bloomberg report said the lenders' moves are tacit acknowledgments
that energy prices aren't coming back, and represents an abrupt
turnaround from last year when banks were lenient on struggling
drillers in the hope that better times were coming.

Since the start of 2016 lenders have yanked $5.6 billion of credit
from 36 oil and gas producers, a reduction of 12 percent, making
this the most severe retreat since crude began tumbling in
mid-2014, according to data compiled by Bloomberg.

                  *     *     *

The Troubled Company Reporter, on March 25, 2016, reported that
Fitch Ratings has concluded its review of North American energy
credits associated with its recently revised oil and gas price
deck.

On Feb. 24, 2016, Fitch revised its base case oil and gas price
assumptions lower to reflect bearish trends in inventory builds
and
production that are expected to result in further delays in price
recoveries for both commodities. The new base case price for oil
(WTI and Brent) was lowered to $35/bbl in 2016, $45/bbl in 2017,
and $55/bbl in 2018, while the long-term price was left unchanged
at $65/bbl. Henry Hub natural gas base case prices were lowered to
$2.25/mcf in 2016, $2.50/mcf in 2017, and $2.75/mcf in 2018, while
the long-term natural gas price was left unchanged at $3.25/mcf.

Fitch downgraded Chesapeake Energy's IDR to 'B-' from 'B'; Outlook
remains
Negative.


CHINA SHIANYUN: AWC (CPA) Limited Expresses Going Concern Doubt
---------------------------------------------------------------
China Shianyun Group Corp., Ltd., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing net
income of $1.76 million on $1.14 million of revenues for the year
ended Dec. 31, 2015, compared to a net loss of $1.33 million on
$209,992 of revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, China Shianyun had $4.19 million in total
assets, $4.65 million in total liabilities and a total
stockholders' deficit of $461,672.

AWC (CPA) Limited, in Hong Kong, China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has a significant
accumulated deficits and negative working capital. These factors
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/bucMut

                        About China Shianyun

China Shianyun Group Corp., Ltd, formerly known as China Green
Creative, Inc., develops and distributes consumer goods, including
herbal teas, health liquors, meal replacement products, and cured
meat using ecological breeding methods in China.  The Company is
based in Shenzhen Guandong Province, China.


CLIFFS NATURAL: S&P Raises CCR to 'CCC+' on Debt Exchange
---------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Cleveland-based Cliffs Natural Resources Inc. to
'CCC+' from 'SD'.  The outlook is negative.  At the same time, S&P
assigned its 'B' issue-level rating to the company's new 1.5-lien
notes.  The recovery rating is '1', indicating S&P's expectation of
very high (90% to 100%) recovery in the event of a payment
default.

In addition, S&P lowered its issue-level rating on the company's
existing first-lien notes to 'B' from 'BB-'.  The recovery rating
is unchanged at '1' indicating S&P's expectation of very high (90%
to 100%) recovery in the event of a payment default.

S&P also raised its issue-level rating on the company's existing
second-lien notes to 'CCC+' from 'D' to indicate the completed
exchange.  S&P revised the recovery rating to '3' from '1'
indicating its expectation of meaningful (50% to 70%; lower half of
the range) recovery in the event of a payment default.

Finally, S&P raised its issue-level rating on the company's senior
unsecured debt to 'CCC-' from 'D' to indicate the completed
exchange.  S&P revised the recovery rating to '6' from '4'
indicating its expectation of negligible (0% to 10%) recovery in
the event of a payment default.

"The negative outlook reflects our view that although Cliffs'
liquidity is adequate, it could deteriorate notably within the next
year," said Standard & Poor's credit analyst Chiza Vitta. "This
would depend on various factors, including customer contract
renegotiations, the conclusion of the unwinding of Canadian
operations, and whether covenant cushions restrict ABL facility
availability.  We believe there is a one-in-three chance that,
within a year, Cliffs' liquidity could diminish to a level that
would warrant a downgrade."

S&P could lower the rating in the coming year if Cliffs' liquidity
position continues to deteriorate such that S&P envisions a
specific default scenario in the subsequent year.  This could
happen if Cliffs renegotiates the significant portion of contracts
expiring within the year at notably lower levels.  These factors
would be further exacerbated if covenant limitations restrict
access to the revolving credit facility.

S&P could raise the rating if the company sustains EBITDA interest
coverage above 1x while maintaining adequate or better
liquidity--particularly if all risks associated with the
discontinued business lines are eliminated and especially if S&P
expects discretionary cash flow to remain positive.



COATES INTERNATIONAL: Recurring Losses Raise Going Concern Doubt
----------------------------------------------------------------
Coates International, Ltd., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$10.2 million on $94,200 of total revenues for the year ended Dec.
31, 2015, compared to a net loss of $12.8 million on $19,200 of
total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Coates International had $2.40 million in
total assets, $7.70 million in total liabilities and a total
stockholders' deficiency of $5.29 million.

Cowan, Gunteski & Co., P.A., in Tinton Falls, New Jersey, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company continues to have negative cash flows from operations,
recurring losses from operations, and a stockholders' deficiency.
These conditions 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/Ni7nxG

                         About Coates

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

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


COMSTOCK MINING: Closes Sale of Additional 1.5M Common Shares
-------------------------------------------------------------
Comstock Mining Inc. disclosed in a regulatory filing with the
Securities and Exchange Commission that it completed the sale of an
additional 1,500,000 shares of the Company's common stock to the
underwriter of the Company's recently closed public offering of
common stock.  The sale was completed pursuant to the underwriter's
exercise of the over-allotment option granted in connection with
the public offering.  The total number of shares sold in the
offering including the over-allotment option was 11,500,000 shares
resulting in gross proceeds of approximately $4 million.

                      About Comstock Mining

Virginia City, Nev.-based Comstock Mining Inc. is a Nevada-based,
gold and silver mining company with extensive, contiguous property
in the historic Comstock district.  The Company began acquiring
properties in the Comstock District in 2003.  Since then, the
Company has consolidated a substantial portion of the Comstock
district, secured permits, built an infrastructure and brought the
exploration project into test mining production.  The Company
continues acquiring additional properties in the Comstock
district, expanding its footprint and creating opportunities for
exploration and mining.  The goal of the Company's strategic plan
is to deliver stockholder value by validating qualified resources
(measured and indicated) and reserves (probable and proven) of
3,250,000 gold equivalent ounces by 2013, and commencing
commercial mining and processing operations by 2011, with annual
production rates of 20,000 gold equivalent ounces.

Comstock Mining reported a net loss available to common
shareholders of $15.9 million on $18.5 million of total revenues
for the year ended Dec. 31, 2015, compared to a net loss available
to common shareholders of $13.3 million on $25.6 million of total
revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $43.2 million in total assets,
$24.5 million in total liabilities and $18.8 million in total
stockholders' equity.


CORPORATE RESOURCE: Gets Okay to Resolve Dispute With Wells Fargo
-----------------------------------------------------------------
Corporate Resource Services Inc.'s bankruptcy trustee received
court approval for a deal that would resolve his dispute with Wells
Fargo Bank N.A. over certain payment obligations.

Under the deal, Corporate Resource will pay $27,158 to Domaine
Chandon Inc., a customer of one of its affiliates.  The agreement
also required Corporate Resource to pay TS Employment Inc. to allow
the company to pay its payroll taxes.

Corporate Resource had previously demanded Wells Fargo to pay both
companies from the bank's cash collateral.  Wells Fargo, however,
refused, saying Corporate Resource has sufficient funds and does
not need additional cash from the bank.

The agreement was approved by Judge Martin Glenn of the U.S.
Bankruptcy Court for the Southern District of New York.  A copy of
the agreement is available for free at http://is.gd/3xZ0Db

                     About Corporate Resource

Corporate Resource Services, Inc. is a provider of corporate
employment and human resource solutions, headquartered in New York.
CRS leases its headquarters and does not own any real property.
About 90% of CRS shares are owned by Robert Cassera and the balance
are traded OTC.

As of Dec. 31, 2014, CRS was one of the largest employment staffing
companies in the U.S., providing employment and human resources
solutions for corporations with annual sales of about one billion
dollars.  In February 2015, CRS began an orderly wind down of
operations after discovering that TS Employment, Inc., a privately
held company owned by Mr. Cassera, failed to remit tens of millions
of dollars of  the Debtors' withholding taxes to taxing
authorities.

TS Employment Inc., a professional employer organization that
provided payroll-related services for CRS, sought Chapter 11
protection (Bankr. S.D.N.Y. Case No. 15-10243) in Manhattan on Feb.
2, 2015.  TSE tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.  The case is before Judge Martin
Glenn.

CRS and its subsidiaries sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 15-11546) on July 23, 2015, to complete their
orderly wind down of operations.  The CRS Debtors tapped (a)
Gellert Scali Busenkell & Brown, LLC, as bankruptcy counsel, (b)
Wilmer Cutler Pickering Hale & Dorr LLP, as special counsel; (c)
Carter Ledyard & Milburn LLP, as special SEC counsel, (d) SSG
Capital Advisors as financial advisors and investment bankers, and
(e) Rust Omni LLC as claims agent.

CRS estimated $10 million to $50 million in assets and $50 million
to $100 million in debt.

The CRS Debtors' cases were transferred to New York (Bankr.
S.D.N.Y. Lead Case No. 15-12329), on August 18, 2015, and assigned
to Judge Martin Glenn.

James S. Feltman has been appointed as Chapter 11 trustee for the
CRS Debtors and for TS Employment, Inc.  He has tapped Togut, Segal
& Segal LLP as counsel.


CRAIG MAIKE: Ch. 13 Debtor Can't Pay Atty Before Mortgage
---------------------------------------------------------
Diane Davis, writing for Bloomberg Brief, reported that a debtor's
Chapter 13 plan improperly prioritized paying the debtor's attorney
in full before paying a secured lender holding an interest in the
debtor's home, a district court in Michigan held April 7.

According to the report, Judge Thomas L. Ludington of the U.S.
District Court for the Eastern District of Michigan reversed the
decision of the bankruptcy court approving the debtor's Chapter 13
plan and remanded the case.

The case addresses the tension between Section 1322(b)(2) of the
Bankruptcy Code, which won't allow a Chapter 13 plan to modify the
rights of "a claim secured only by a security interest in real
property that is the debtor's principal residence," and Section
1326(b)(1), which gives priority to administrative fees, including
the debtor's attorneys' fees, the report pointed out.

The district court's ruling "is an unwarranted intrusion in the
bankruptcy court's ability to administer its cases," Matthew Mason,
a Detroit bankruptcy attorney and member of the National
Association of Consumer Bankruptcy Attorneys and the National
Consumer Bankruptcy Rights Center, told Bloomberg BNA April 11.
"Once one accepts that there is an automatic post petition,
pre-confirmation default due to the time lag between filing and
commencement of payments after confirmation, then it should be left
to the sound discretion of the court as to the timing and extent of
the curing of that default."


CRYOPORT INC: Completes Warrants Tender Offer
---------------------------------------------
Cryoport, Inc., consummated on April 7, 2016, its issuer tender
offer with respect to certain warrants to purchase up to 2,448,000
shares of common stock of the Company.

The Offer expired at 9:00 p.m., Pacific Time on April 7, 2016.
Pursuant to the Offer, Original Warrants to purchase 2,020,597
shares of the Company's common stock were tendered by holders of
Original Warrants and were amended and exercised in connection
therewith, resulting in the issuance by the Company of an aggregate
of 2,020,597 shares of its common stock for aggregate gross
proceeds of $2,525,746.

The Original Warrants of holders who elected to participate in the
Offer were amended to: (i) reduce the exercise price to $1.25 per
share; and (ii) shorten the exercise period to expire concurrently
with the Expiration Date.  In addition, those holders also agreed:
(A) to not sell, make any short sale of, loan, grant any option for
the purchase of, or otherwise dispose of the Exercise Shares
without the prior written consent of the Company for a period of 60
days after the Expiration Date; and (B) acting alone or with
others, to not effect any purchases or sales of any securities of
the Company in any "short sales" as defined in Rule 200 promulgated
under Regulation SHO under the Securities Exchange Act of 1934, as
amended, or any type of direct and indirect stock pledges, forward
sale contracts, options, puts, calls, short sales, swaps, "put
equivalent positions" or similar arrangements, or sales or other
transactions through non-U.S. broker dealers or foreign regulated
brokers through the expiration of the Lock-Up Period.

The Amended Warrants also provide that, on or prior to June 30,
2016, the Company will be required to prepare and file with the SEC
a registration statement on Form S-1 covering resales of the
Exercise Shares.  In addition, the Company is required to use
commercially reasonable efforts to cause such registration
statement to be declared effective by the SEC.  In the event that
the Company fails to file such registration statement by the Filing
Date, then for each month following the Filing Date that the
Company has not filed such registration statement, the Company
shall issue to the holder of Exercise Shares, for no additional
consideration, one share of common stock for every one hundred
Exercise Shares held by such holder; provided, however, the Company
shall only be liable to issue such shares for the first three
months following the Filing Date and shall not be liable if any
such delay is due to such holder's failure to promptly provide on
request by the Company any information required or the provision of
inaccurate or incomplete information by such holder.

                        About Cryoport

Lake Forest, Calif.-based CryoPort, Inc. (OTC BB: CYRX) provides
comprehensive solutions for frozen cold chain logistics, primarily
in the life science industries.  Its solutions afford new and
reliable alternatives to currently existing products and services
utilized for bio-pharmaceuticals and biologics, including in-vitro
fertilization, cell lines, vaccines, tissue and other commodities
requiring a reliable frozen solution.

Cryoport reported a net loss attributable to common stockholders of
$12.2 million for the year ended March 31, 2015, compared to a net
loss attributable to common stockholders of $19.6 million for the
year ended March 31, 2014.

As of Dec. 31, 2015, the Company had $7.45 million in total assets,
$2.46 million in total liabilities and $4.99 million in total
stockholders' equity.

KMJ Corbin & Company LLP, in Costa Mesa, California, issued a
"going concern" qualification on the consolidated financial
statements for the year ended March 31, 2015, citing that the
Company has incurred recurring operating losses and has had
negative cash flows from operations since inception.  Although the
Company has cash and cash equivalents of $1.4 million at March 31,
2015, management has estimated that cash on hand, which include
proceeds from Class B convertible preferred stock received
subsequent to the fourth quarter of fiscal 2015, will only be
sufficient to allow the Company to continue its operations into the
third quarter of fiscal 2016.  These matters raise substantial
doubt about the Company's ability to continue as a going concern,
the auditors said.


DIAMOND T INDUSTRIES: Case Summary & 3 Unsecured Creditors
----------------------------------------------------------
Debtor: Diamond T Industries, LLC
        P.O. Box 4751
        Odessa, Tx 79760

Case No.: 16-41549

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Russell F. Nelms

Debtor's Counsel: ERIC A. LIEPINS
                  ERIC A. LIEPINS, P.C.
                  12770 Coit Rd., Suite 1100
                  Dallas, TX 75251
                  Tel: (972) 991-5591
                  E-mail: eric@ealpc.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Roger M. Turner, managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb16-41549.pdf


DIAMOND TANK: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Diamond Tank Rental, Inc.
        P.O. Box 1334
        Bridgeport, TX 76426

Case No.: 16-41547

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Russell F. Nelms

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

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Roger Turner, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb16-41547.pdf


DIOCESE OF DULUTH: Court Extends Plan Exclusivity to Sept. 1
------------------------------------------------------------
Bankruptcy Judge Robert J. Kressel in Minnesota granted the request
of the Diocese of Duluth to extend the exclusive time granted to
the debtor to file a plan and disclosure statement and obtain
confirmation of a plan pursuant to 11 U.S.C. Sec. 1121:

     1. The period within which the debtor has the exclusive right
to file a plan pursuant to 11 U.S.C. Sec. 1121(b) is extended
through September 1, 2016.  

     2. The period within which the debtor has the exclusive right
to gain acceptance of a plan pursuant to 11 U.S.C. Sec. 1121(c)(3)
is extended through October 31, 2016.    

                     About Diocese Of Duluth

The Diocese of Duluth sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Minn. Case No. 15-50792) on Dec. 7,
2015.  The case is assigned to Judge Robert J Kressel.  

The Debtor's lead counsel is Bruce A Anderson, Esq., and J Ford
Elsaesser, Esq., at Elsaesser Jarzabek Anderson Elliott &
MacDonald, CHTD., in Sandpoint, Idaho.  The Debtor's local counsel
is Phillip Kunkel, Esq., at Gray, Plant, Mooty, Mooty & Bennett,
P.A., in St Cloud, Minnesota.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Rev. James
Bissonette, vicar general.

A list of the Debtor's 18 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mnb15-50792.pdf


DIPLOMATA S/A INDUSTRIAL: Files Chapter 15 Petition in Florida
--------------------------------------------------------------
Diplomata S/A Industrial e Comercial, Attivare Engenharia e
Eletricidade Ltda, Jornal Hoje Ltda, Klassul Indstria de Alimentos
S/A and Paper Midia Ltda each filed a Chapter 15 petition in the
U.S. Bankruptcy Court for the Southern District of Florida on April
13, 2016, seeking recognition in the United States of a proceeding
pending in Brazil.

Capital Administradora Judicial Limitada signed the petitions in
its capacity as the court-appointed Judicial Administrator and
duly-authorized foreign representative of the Debtors in the
Brazilian proceeding pending before Judge Pedro Ivo Lins Moreira of
the First Civil Court of Cascavel -- Judiciary Branch of the State
of Parana pursuant to Federal Law No. 11.101 of Feb. 9, 2005.

The Judicial Administrator asked the Bankruptcy Court to grant
additional relief, including without limitation, a stay of the
commencement or continuation of any action or proceeding without
its consent concerning the Debtors' assets in the United States.

According to documents filed with the Bankruptcy Court, the
Debtors' principal assets in the United States are the funds held
in an escrow account maintained by Kobre & Kim LLP at Citibank,
N.A. in Miami, Florida.  The Debtor does not have a place of
business in the United States and are also not currently party to
any pending lawsuits.

                      Brazilian Proceeding

On Aug. 3, 2012, the Debtors jointly petitioned the Brazilian Court
for court-supervised reorganization.

John D. Couriel, Esq., at Kobre & Kim LLP, counsel for the Judicial
Administrator, disclosed that the Debtors claimed in their petition
that they were suffering from a temporary decline in liquidity and
decrease in revenues caused generally by the global financial
crisis of 2008.  The Debtors also claimed that the poultry
production business was negatively affected by the increased cost
of animal feed production in 2012 due to crop damage and drought.

To justify the joint filing, the Debtors contended that their
operations were interrelated and that the companies had effectively
submitted to Diplomata's control, Mr. Couriel noted.  Specifically,
the Debtors represented that Klassul provided eggs to Diplomata,
Attivare maintained the construction of Diplomata's buildings, and
that Jornal Hoje and Paper Midia produced Diplomata's marketing
materials and a company newspaper for Diplomata's employees.

According to Mr. Couriel, the Debtors had reported losses of
approximately R$314.3 million at the time of the petition.

On Aug. 17, 2012, the Brazilian Court granted the Debtors' petition
commencing the Brazilian Proceeding as a "judicial reorganization"
under Brazilian Bankruptcy Law, and appointed Darci Pessali as the
bankruptcy trustee.

The Judicial Administrator said the Debtors refused to cooperate
with the bankruptcy trustee (at that time, Mr. Pessali) or provide
access to their books and records from the outset of the Brazilian
Bankruptcy Proceeding.

               Deloitte Investigation; Plan Rejection

The Judicial Administrator disclosed that contrary to the Debtors'
cited causes of the need for court-supervised reorganization, the
Debtors' major creditors reported to the Brazilian Court their
concerns that the Debtors' insolvency was caused by the
pre-petition fraudulent conduct of Jacob Alfredo Stoffels Kaefer, a
congressman from the Brazilian state of Parana, who was the
Debtors' ultimate owner at that time.

Upon the creditors' accusations, the Brazilian Court appointed
Deloitte Touche Tohmatsu Consultores LTDA as the new bankruptcy
trustee, and assigned Deloitte the task of investigating the
fraudulent acts identified by the creditors.

While Deloitte pursued its investigation, a reorganization plan was
approved by a vote of the creditors on April 29, 2014.

On Dec. 1, 2014, the Brazilian Court entered an order rejecting the
Debtors' reorganization plan, and declaring the Debtors  bankrupt
following the Brazilian Court's discovery of "significant and
rampant pre-petition fraud, voter manipulation, the non-operational
status of four of the five Debtors, and the Debtors' failure to
make their first payment under the pending reorganization plan."
At the time of the conversion from a judicial reorganization to a
bankruptcy pursuant to Brazilian Bankruptcy Law, the Brazilian
Court appointed the Petitioner as the Judicial Administrator.
Since then, the Petitioner continues to fulfill its obligations
under Brazilian Bankruptcy Law and the supervision of the Brazilian
Court to collect and liquidate the Debtors' assets.

In addition, the Brazilian Court extended the bankruptcy to include
22 additional related entities and 13 of their principals,
including Kaefer and his family members.

According to the Judicial Administrator, a creditors' list was
established in May 2015 disclosing an outstanding amount of allowed
claims against the Debtors' estate of R$1,486,775,218, in contrast
to the relatively minimal assets remaining in the Debtors'
possession.

                        About Diplomata

Diplomata S/A Industrial e Comercial began operations in 1996 as a
poultry producer and distributor.  Diplomata maintains its
headquarters in Capanema, Parana, Brazil, and its management center
in Cascavel, Parana, Brazil.  As of July 2012, Diplomata was the
largest employer in Capanema, with approximately 5,000 employees
working in its processing and animal feed plants.

Klassul Indstria de Alimentos S/A began operations in 1981 as a
company that produces fertile poultry eggs, manufactures animal
feed, and wholesales pesticides, fertilizer, and soil products.
Klassul has not been operational since 1995.

Attivare Engenharia e Eletricidade Ltda began operations as a
construction company in 2005, but has not been operational since
2011.

Jornal Hoje Ltda began operations as a newspaper publisher and
printer in 1998, but has not been operational since it transferred
its publications to Paper Mídia in 2000.

Paper Midia Ltda began operations as a newspaper publisher and
printer in 2000 upon receiving transfer of the Jornal Hoje
publications.

The Debtors' Chapter 15 cases are assigned to Judge Laurel M
Isicoff.

Kobre & Kim LLP serves as the Judicial Administrator's counsel.


DON CHENTE INC: Case Summary & 13 Unsecured Creditors
-----------------------------------------------------
Debtor: Don Chente Inc.
           dba Don Chente Bar and Grill
           fka Tacos Don Chente
        2104 E. Florence Ave
        Walnut Park, CA 90255

Case No.: 16-14885

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Ernest M. Robles

Debtor's Counsel: Robert M Yaspan, Esq.
                  LAW OFFICES OF ROBERT M YASPAN
                  21700 Oxnard St Ste 1750
                  Woodland Hills, CA 91367
                  Tel: 818-905-7711
                  Fax: 818-501-7711
                  Email: RYaspan@yaspanlaw.com


Total Assets: $397,500

Total Liabilities: $175,714

The petition was signed by Vicente Ortiz, CEO.

A list of the Debtor's 13 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-14885.pdf


DON CHENTE INVESTMENTS: Case Summary & 3 Unsecured Creditors
------------------------------------------------------------
Debtor: Don Chente Investments, LLC.
        8615 Florence Ave., Suite 217
        Downey, CA 90240

Case No.: 16-14881

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Sandra R. Klein

Debtor's Counsel: Robert M Yaspan, Esq.
                  LAW OFFICES OF ROBERT M YASPAN
                  21700 Oxnard St Ste 1750
                  Woodland Hills, CA 91367
                  Tel: 818-905-7711
                  Fax: 818-501-7711
                  E-mail: RYaspan@YaspanLaw.com

Total Assets: $1.10 million

Total Liabilities: $1.49 million

The petition was signed by Vicente Ortiz, managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/cacb16-14881.pdf


DRAFTDAY FANTASY: Common Stock Continued to be Listed on Nasdaq
---------------------------------------------------------------
The Nasdaq Listing Qualifications Panel has granted the Company's
request for the continued listing of its common stock on The Nasdaq
Capital Market, according to a Form 8-K filed with the Securities
and Exchange Commission.

The Company's continued listing on Nasdaq is subject to, among
other things, the Company evidencing compliance with the minimum
$2.5 million market value of listed securities requirement by
Aug. 22, 2016.  The Company also remains subject to the 180-day
period within which to evidence compliance with the minimum $1.00
bid price requirement, which does not expire until May 18, 2016.
The Company is taking definitive steps to timely evidence
compliance with the terms of the Panel's decision; however, there
can be no assurance that it will be able to do so.

                          About DraftDay

DraftDay Fantasy Sports Inc., formerly known as Viggle Inc., offers
a high quality daily fantasy sports experience directly to
consumers and to businesses desiring turnkey solutions to new
revenue streams.  DraftDay Fantasy Sports Inc. is the largest
shareholder of DraftDay Gaming Group, with a 44% stake.  Sportech
owns 35%.  By combining and capitalizing on the well-established
operational business assets of DraftDay and Sportech, the new
DraftDay is well-positioned to become a significant player in the
explosive fantasy sports market.  DraftDay has paid out over $30
million in prizes with increased player retention and brand
loyalty.  DraftDay Fantasy Sports also operates MyGuy and Viggle
Football both of which offer real-time interactive participation
with professional and college football games; Wetpaint, which
offers entertainment and celebrity news; and Choose Digital, a
digital marketplace platform that allows companies to incorporate
digital content into existing rewards and loyalty programs in
support of marketing and sales initiatives.

As of Dec. 31, 2015, Draftday had $38.81 million in total assets,
$60.08 million in total liabilities, $12.28 million in series C
convertible redeemable preferred stock, and a $33.54 million total
stockholders' deficit.

"The Company is unlikely to generate significant revenue or
earnings in the immediate or foreseeable future.  The continuation
of the Company as a going concern is dependent upon the continued
financial support from its stockholders, the ability of the Company
to obtain necessary equity or debt financing to continue
development of its business and to generate revenue.  Management
intends to raise additional funds through equity and/or debt
offerings until sustainable revenues are developed.  There is no
assurance such equity and/or debt offerings will be successful and
therefore there is substantial doubt about the Company's ability to
continue as a going concern within one year after the financial
statements are issued," according to the Company's quarterly report
for the period ended Dec. 31, 2015.


ECOSPHERE TECHNOLOGIES: Salberg Expresses Going Concern Doubt
-------------------------------------------------------------
Ecosphere Technologies, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $23.06 million on $721,179 of total revenues for the year
ended Dec. 31, 2015, compared to a net loss of $11.49 million on
$1.11 million of total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $2.13 million in total assets,
$10.76 million in total liabilities, $3.88 million in total
redeemable convertible preferred stock, and a total deficit of
$12.52 miilion.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss of $23,067,761 and $11,496,463 in 2015 and 2014,
respectively, and cash used in operating activities of $1,761,946
and $4,550,454 in 2015 and 2014, respectively.  At December 31,
2015, the Company had a working capital deficiency, stockholders'
deficit and accumulated deficit of $9,322,066, $12,218,672 and
$132,397,790 respectively.  These matters 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/qkdLaB

                  About Ecosphere Technologies

Stuart, Florida-based Ecosphere Technologies (OTC BB: ESPH) --
http://www.ecospheretech.com/-- is a water engineering,
technology licensing and environmental services company that
designs, develops and manufactures wastewater treatment solutions
for industrial markets.  Ecosphere, through its majority-owned
subsidiary Ecosphere Energy Services, LLC, provides energy
exploration companies with an onsite, chemical free method to kill
bacteria and reduce scaling during fracturing and flowback
operations.


EL PESCADOR: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: El Pescador Inc.
        17421 South Avalon Blvd.
        Carson, CA 90746

Case No.: 16-14879

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Vincent P. Zurzolo

Debtor's Counsel: Robert M Yaspan, Esq.
                  LAW OFFICES OF ROBERT M YASPAN
                  21700 Oxnard St Ste 1750
                  Woodland Hills, CA 91367
                  Tel: 818-905-7711
                  Fax: 818-501-7711
                  E-mail: RYaspan@YaspanLaw.com

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

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

The petition was signed by Vicente Ortiz, president.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-14879.pdf


EMERALD OIL: Hires Intrepid Partners as Financial Advisor
---------------------------------------------------------
Emerald Oil Inc., and its debtor-affiliates seek permission from
the U.S. Bankruptcy Court for the District of Delaware to employ
Intrepid Partners LLC as financial advisor for the Debtors, nunc
pro tunc to March 22, 2016.

The Debtors require Intrepid to:

     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' Board of Directors, potential
investors or lenders, existing 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 these scenarios of the recoveries of those stakeholders
impacted by the Restructuring;

     f. provide strategic advice with regard to restructuring or
refinancing the Debtors' Obligation, and with regard to a Sale;

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

     h. participate in negotiations among the Debtors and potential
investors or lenders, existing creditors and other interested
parties;

     i. value securities offered by the Debtors in connection with
a Restructuring;

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

     k. market the Debtors' assets for purposes of a potential
Sale;

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

     m. perform and provide a valuation analysis of the Debtors;

     n. provide expert witness testimony concerning any of the
subjects encompassed by the other services; and

     o. provide other advisory services as are customarily provided
in connection with the analysis and negotiation of a Restructuring
and/or a Sale as requested and mutually agreed.

Pursuant to the parties' Engagement Letter, the Debtors have agreed
to pay Intrepid and provide expense reimbursement according to this
fee structure:

     a. Monthly Fee: The Debtors will pay Intrepid a monthly
advisory fee in the amount of $75,000, per month, in cash, with the
first Monthly Fee payable in arrears, and additional installments
of Monthly Fee payable on the 15th day of each month thereafter.

     b. Restructuring Fee: The Debtors will pay Intrepid an
additional fee equal to $1,500,000, which can only be earned one
time under the Engagement Letter. 50% of any Monthly Fee after the
third monthly fee paid by the Company will be credited against the
Restructuring Fee. The Restructuring Fee will be:

       -- earned on the earliest of:

          (A) consummation of the Restructuring,

          (B) in the event the Debtors attempt to implement the
Restructuring in whole or in part by means of an exchange or tender
offer, then upon consummation of the exchange of tender offer (an
"Exchange Offer"),

          (C) in the event that the Debtors attempt to implement
the Restructuring by means of a prenegotiated plan of
reorganization under chapter 11, the receipt of sufficient
commitments, agreements or other expressions of intention to accept
such plan that the Debtors to elect to file a chapter 11 case and
therein represent to the court hearing such case that the Debtors
will seek to confirm a plan based on the prenegotiated plan and
confirmation and consummation of such plan, and

          (D) in the event that the Debtors solicit acceptances for
a prepackaged plan of reorganization under the chapter 11 to
implement the Restructuring, the 50% shall be earned on the date
established as the voting deadline for such acceptances or
rejections, provided that all classes of holders of impaired claims
have to vote to accept such plan, and the remainder shall be earned
upon the consummation of such plan.

       -- payable, in immediately available funds, on the earliest
of:

          (A) consummation of the Restructuring,

          (B) consummation of as Exchange Offer, and

          (C) the first business day immediately following (I) in
the case of clause (i)(C) above, the consummation of the
prenegotiated plan, and (II) in the case of clause (i)(D) above,
50% upon the deadline for delivery of acceptances or rejections of
such prepackaged plan of reorganization provided that all classes
of holders of impaired claims have to vote to accept such plan, and
the remainder upon the consummation of the Restructuring;

     c. Sale Transaction Fee: The Debtors will pay Intrepid a sale
transaction fee (the "Sale Transaction Fee") if, in connection with
a Restructuring or otherwise, the Debtors consummate a Sale. The
Sale Transaction Fee shall be equal to the fee calculated based on
the Aggregate Consideration as set forth in Schedule I to the
Engagement Letter. The Sale Transaction Fee shall be earned and
payable (x) 20% upon the execution of a definitive agreement with
respect to a Sale, and (y) the remainder upon consummation of a
Sale;

     d. In the event that the Debtors of their respective security
holders are paid a break-up, termination, topping or similar fee or
payment related to a Sale, Intrepid shall be paid a fee (payable
upon receipt thereof) equal to 20% of such amount, provided that
the amount payable under this clause (d) shall not exceed the
amount that would have been payable to Intrepid under subsection
(c)(y) above had the Sale been consummated, and against which any
amounts paid under clause (c) of this paragraph 11 will be
credited;

     e. Capital Raising Fee: The Debtors will pay Intrepid a
capital raising fee (the "Capital Raising Fee") for any financing
arranged by Intrepid, at the Debtors' request, earned and payable
upon receipt of a binding commitment letter and consummation of
such financing. If access to the financing limited by orders of the
Court, a proportionate fee shall be payable with respect to each
available commitment (irrespective of availability blocks,
borrowing base, or other similar restrictions). The Capital Raising
Fee will be calculated as 1.5% of the gross proceeds from secured
debt financing, 2.5% of the gross proceeds raised from unsecured
debt financing, 3.5% of the gross proceeds raised from convertible
debt financing (secured or unsecured), 5.0% of the gross proceeds
raised from preferred equity financing (convertible or not), and
6.0% of the gross proceeds raised from common equity financing. 50%
of any Capital Raising Fee shall be credited (without duplication)
against any Restructuring Fee or Sale Transaction Fee subsequently
payable, provided, that if financing arranged by Intrepid (and use
of proceeds generated from such financing) is the only
Restructuring undertaken, Intrepid, in its sole discretion, may
choose to be paid either the Capital Raising or the Restructuring
Fee, but not both; and

     f. Expense Reimbursement: The Debtors will reimburse Intrepid
for all reasonable and documented out-of-pocket expenses incurred
during this engagement, including, but not limited to, travel and
lodging, direct identifiable data processing, document production,
publishing services and communication charges, courier services,
working meals, reasonable and documented fees and expenses of
Intrepid's outside legal counsel and other necessary expenditures,
payable upon rendition of invoices setting forth in reasonable
detail the nature and amount of such expenses.

Prior to the Petition Date, the Debtors paid Intrepid $225,000 for
fees and $10,776 for reimbursement of expenses during the 90-day
period before the Petition Date.

As part of the overall compensation payable to Intrepid under the
terms of the Engagement Letter, the Debtors have agreed to certain
indemnification, contribution, and reimbursement obligations.

Christopher Winchenbaugh, Chief Operating Officer of Intrepid
Partners LLC, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code, and does not represent any interest adverse to the Debtors
and their estates.

Intrepid can be reached at:

          Christopher Winchenbaugh
          Chief Operating officer
          INTREPID PARTNERS LLC
          540 Madison Avenue, 21st Floor
          New York, NY 10022
          Tel: 212-388-5020
          Fax: 212-388-5021

                        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.


ENCINO CORPORATE: Judge Dismisses Bankruptcy Case
-------------------------------------------------
A federal judge has dismissed the Chapter 11 case of Encino
Corporate Plaza, L.P.

Judge John Walter of the U.S. Bankruptcy Court for the Central
District of California approved an agreement entered into by the
company, ECP Building Inc. and Howard Abselet, a stockholder, to
dismiss the case.

Encino agreed to voluntarily dismiss its case after attempts to
settle its dispute with ECP Building, the company's sole general
partner, and Mr. Abselet through mediation failed.

ECP Building and Mr. Abselet had previously filed a motion to
dismiss the case in which they argued that the case was filed in
bad faith and was unauthorized.

Both also supported a motion of Wells Fargo Bank N.A., a secured
creditor, to dismiss the case.  

Wells Fargo had opposed the filing of the case, arguing that
Encino's first bankruptcy case is not yet closed.  According to the
bank, the first case remains pending allegedly due to the company's
failure to meet the requirements of its restructuring plan.

                      About Encino Corporate

Encino Corporate Plaza, L.P. filed a Chapter 11 bankruptcy petition
(Bankr. C.D. Calif. Case No. 15-14234) on Dec. 31, 2015.  The
petition was signed by Raymond Yashouafar as manager of Lyon-GP,
LLC, its general partner.    

Lewis R. Landau Attorney at Law serves as general bankruptcy
counsel for the Debtor.  Judge John Walter presides over the case.

The Debtor disclosed total assets of $41.24 million and total debts
of $31.46 million.


ENERGY & EXPLORATION: U.S. Trustee Objects to Settlement with CEO
-----------------------------------------------------------------
William T. Neary, U.S. Trustee for Region 6, objects to Energy &
Exploration Partners, Inc., et al.'s motion for approval of a
voluntary settlement and release agreement with their chief
executive officer, B. Hunt Pettit, for the following reasons:

   (1) The proposed $1 million payment to Mr. Pettit is governed by
Section 503(c)(2) of the Bankruptcy Code, which requires the
Debtors to demonstrate that the payments are part of a program
applicable to all full-time employees and are not greater than ten
times the amount of the mean severance pay given to nonmanagement
employees during the calendar year in which payment is made.

   (2) If the court determines that Section 503(c)(3) governs this
agreement, approval should be denied because the agreement is
outside the ordinary course of business and it is not justified by
the facts and circumstances of these cases.

   (3) The proposed $1 million payment violates the absolute
priority rule.

   (4) The Settlement Agreement impermissibly releases the Debtors'
professionals from liability.

Under the proposed settlement, Mr. Pettit will resign the positions
he holds as an officer and a director of each Debtor, but will
remain as an employee of the Debtors until the date on which the
Court approves the
Settlement Agreement.  Following Mr. Pettit's resignation, Dr.
Peter Hill, one of the Debtors' current independent directors and a
geologist with over 40 years' experience in the oil industry, will
serve as the Debtors' Interim President and Chief Executive
Officer.

Mr. Pettit will receive a settlement payment of $1,000,000 payable
in four monthly installments of $250,000, the first of which will
be paid on May 2, 2016.  If Mr. Pettit is eligible for, and elects
coverage under, the Consolidated Omnibus Budget Reconciliation Act
of 1985, the Debtors will reimburse Mr. Pettit for the premiums
payable to obtain coverage for Mr. Pettit, his spouse and eligible
dependents for a period of up to 60 days following the Termination
Date.  Concurrent with the payment of the first installment of the
Settlement Payment, the Debtors will pay Mr. Pettit an additional
lump sum amount of $25,000 to cover future cost of health insurance
coverage.  The Debtors will transfer to Mr. Pettit (i) all artwork
owned by Mr. Pettit or created by family members that was placed in
the Debtors' offices, (ii) any furniture in Mr. Pettit's office
owned by Mr. Pettit and (iii) the computer equipment.

Mr. Pettit will retain his interests in the Bonanza and Su Ling
Wells and will be responsible for all working interest payments and
other obligations in respect thereof on and after the Termination
Date.

The Debtors are represented by William A. (Trey) Wood III, Esq., at
Bracewell LLP, in Houston, Texas; and Jennifer Feldsher, Esq., at
Bracewell LLP, in New York.

The U.S. Trustee is represented by:

          Erin Marie Schmidt, Esq.
          Trial Attorney
          Office of the United States Trustee
          1100 Commerce Street, Room 976
          Dallas, TX 75242
          Tel: (214) 767-1075
          Email: Erin.Schmidt2@usdoj.gov

                   About Energy & Exploration

Energy & Exploration Partners, Inc., Energy & Exploration
Partners, LLC and Energy & Exploration Partners Operating GP, LLC
filed Chapter 11 bankruptcy petitions (Bankr. N.D. Tex. Proposed
Lead Case No. 15-44931) on Dec. 7, 2015.  John R. Castellano
signed
the petition as interim chief financial officer.  Judge Russell F.
Nelms has been assigned the case.

The Debtors own approximately 61,323 net acres in Texas and
Wyoming.  In Texas, the Debtors' operations are located throughout
Madison, Grimes, Leon, Houston and Walker Counties, where the
Debtors are pursuing opportunities in the Buda-Rose stacked
comingled play, the Woodbine sandstone, the Eagle Ford shale and
other stacked formations in the region.  As of the Petition Date,
the Debtors employ approximately 59 people across their various
operations.

The Debtors have engaged Bracewell & Giuliani, LLP as counsel,
Evercore Group LLC as financial advisor, AP Services, LLC as
restructuring advisor, Ernst & Young as tax advisor, Hein &
Associates as independent auditor and Prime Clerk LLC as notice,
claims and balloting agent.

                     *     *     *

Under Energy & Exploration Partners, Inc., et al.'s First Amended
Plan of Reorganization, holders of Class 5 - General Unsecured
Claims are projected to recover 4.6% of their total  allowed
claims.  The Debtors, on the Effective Date, will transfer
$2,250,000 to the Creditor Trust, which amount will be used to (a)

administer the Credit Trust Assets for the benefit of Holders of
Allowed General Unsecured Claims and pay all Creditor Trust
Expenses; and (b) to fund distributions to Holders of Class A
Interests.


ENERGY FUTURE: Luminant Gets Approval to Sell N. Lake Property
--------------------------------------------------------------
An affiliate of Energy Future Holdings Corp. received court
approval to sell its real property in Dallas County to the City of
Coppell.

The order, issued by Judge Christopher Sontchi of the U.S.
Bankruptcy Court in Delaware, allowed Luminant Generation Company
LLC to sell 18.043 acres of land for $1.93 million.

The $1.93 million deal is a continuation of a series of sale
transactions at the company's former North Lake Steam Station site,
according to court filings.

                       About Energy Future

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

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

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

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

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

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

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

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

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

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


ENERGY XXI: Bankruptcy Triggers Defaults Under Debt Instruments
---------------------------------------------------------------
As disclosed in a Form 8-K report filed with the Securities and
Exchange Commission, the filing of the bankruptcy petitions of
Energy XXI Ltd, et al., constitutes an event of default and
acceleration under each of the following debt instruments:

  * Second Amended and Restated First Lien Credit Agreement, dated
    as of May 5, 2011, by and among EGC, EPL, each of the
    guarantors party thereto, Wells Fargo Bank, N.A. as
    administrative agent, and the lenders and agents from time-to-
    time party thereto;

  * Indenture, dated as of March 12, 2015, among EGC, each of the
    guarantors party thereto, and U.S. Bank, N.A, relating to
    approximately $1,450.0 million aggregate outstanding principal

    amount of 11.000% second lien senior secured notes due March
    15, 2020;

  * Indenture, dated Dec. 17, 2010, among EGC, the guarantors
    party thereto and Wilmington Trust, National Association, as
    trustee, relating to approximately $720.6 million aggregate
    outstanding principal amount of 9.25% senior unsecured notes
    due Dec. 15, 2017;

  * Indenture, dated Feb. 25, 2011, among EGC, the guarantors
    party thereto and Wilmington Trust, National Association, as
    trustee, relating to approximately $101.1 million aggregate
    outstanding principal amount of 7.75% senior unsecured notes
    due June 15, 2019;

  * Indenture, dated Sept. 26, 2013, among EGC, the guarantors
    party thereto and Wilmington Trust, National Association, as
    trustee, relating to approximately $238.1 million aggregate
    outstanding principal amount of 7.50% senior unsecured notes
    due Dec. 15, 2021;

  * Indenture, dated May 27, 2014, among EGC, the guarantors party
    thereto and Wilmington Trust, National Association, as
    trustee, relating to approximately $144.0 million aggregate
    outstanding principal amount of 6.875% senior unsecured notes
    due March 15, 2024;

  * Indenture, dated as of Feb. 14, 2011, and Supplemental
    Indenture, dated as of April 18, 2014, among EPL, the
    guarantors party thereto, and U.S. Bank National Association,
    as trustee, relating approximately $480.2 million aggregate
    outstanding principal amount of 8.25% senior unsecured notes
    due Feb. 15, 2018;

  * Indenture, dated as of Nov. 22, 2013, among the Company
    and Wilmington Trust, National Association, as trustee and
    convertible notes agent, relating to approximately $363.0
    million aggregate outstanding principal amount of 3.0% senior
    convertible notes due Dec. 15, 2018; and

  * Secured Second Lien Promissory Note, dated as of March 12,
    2015, issued by EPL, as maker, in favor of EGC, as payee,
    relating to approximately $325.0 million aggregate outstanding

    principal amount due Oct. 9, 2018.

The Debt Instruments provide that as a result of the Bankruptcy
Petitions, the principal and interest due thereunder shall be
immediately due and payable.  However, any efforts to enforce such
payment obligations under the Debt Instruments will be
automatically stayed as a result of the Bankruptcy Petitions, and
the creditors' rights of enforcement in respect of the Debt
Instruments will be subject to the applicable provisions of the
Bankruptcy Code and orders of the Bankruptcy Court.

                        About Energy XXI

Energy XXI Ltd was incorporated in Bermuda on July 25, 2005.  With
its principal operating subsidiary headquartered in Houston, Texas,
Energy XXI is engaged in the acquisition, exploration, development
and operation of oil and natural gas properties onshore in
Louisiana and Texas and in the Gulf of Mexico Shelf.  It is listed
on the NASDAQ Global Select Market under the symbol "EXXI".

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Proposed Lead Case No.
16-31928).  Concurrently with the filing of the Bankruptcy
Petitions, the Company filed a winding-up petition commencing an
official liquidation proceeding under the laws of Bermuda before
the Supreme Court of Bermuda.

The Debtors have hired Vinson Elkins as counsel, Gray Reed &
McGraw, P.C. as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.

The Debtors estimated assets in the range of $100 million to $500
million and debts of up to $500 million.

The petitions were signed by Bruce W. Busmire as chief financial
officer.

Judge Karen K. Brown is assigned to the cases.


ENERGY XXI: Case Summary & 50 Largest Unsecured Creditors
---------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                        Case No.
        ------                                        --------
        Energy XXI Ltd                                16-31928
        1021 Main Street, Suite 2626
        Houston, TX 77002

        Anglo-Suisse Offshore Pipeline Partners, LLC  16-31930
        Delaware EPL of Texas, LLC                    16-31932  
        Energy Partners Ltd., LLC                     16-31933
        Energy XXI GOM, LLC                           16-31934
        Energy XXI Gulf Coast, Inc.                   16-31927
        Energy XXI Holdings, Inc.                     16-31935
        Energy XXI Leasehold, LLC                     16-31937
        Energy XXI, Inc.                              16-31936
        Energy XXI Natural Gas Holdings, Inc.         16-31938
        Energy XXI Offshore Services, Inc.            16-31939
        Energy XXI Onshore, LLC                       16-31940
        Energy XXI Pipeline, LLC                      16-31941
        Energy XXI Pipeline II, LLC                   16-31942
        Energy XXI Services, LLC                      16-31943
        Energy XXI Texas Onshore, LLC                 16-31944
        Energy XXI USA, Inc.                          16-31945
        EPL of Louisiana, L.L.C.                      16-31946
        EPL Oil & Gas, Inc.                           16-31929
        EPL Pioneer Houston, Inc.                     16-31947
        EPL Pipeline, L.L.C.                          16-31948
        M21K, LLC                                     16-31949
        MS Onshore, LLC                               16-31950
        Natural Gas Acquisition Company I, LLC        16-31951
        Nighthawk, L.L.C.                             16-31952
        Soileau Catering, LLC                         16-31954

Type of Business: The Debtors are engaged in the off-shore
                  exploration, development, and production of oil
                  and natural gas.

Chapter 11 Petition Date: April 14, 2016

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

Judge: Hon. Karen K. Brown

Debtors' Counsel: Bradley Roland Foxman, Esq.
                  VINSON ELKINS
                  2001 Ross Ave, Ste 3700
                  Dallas, TX 75201
                  Tel: 214-220-7784
                  Email: bfoxman@velaw.com

                    - and -

                  Reese Andrew O'Connor, Esq.
                  Harry A. Perrin, Esq.
                  John E. West, Esq.
                  VINSON ELKINS LLP
                  1001 Fannin St, Ste 2500
                  Houston, TX 77002
                  Tel: 713-758-2551
                  Email: roconnor@velaw.com
                         hperrin@velaw.com
                         west@velaw.com

                     - and -

                  Attn: David S. Meyer, Esq.
                  Jessica C. Peet, Esq.
                  Lauren R. Kanzer, Esq.
                  VINSON & ELKINS LLP
                  666 Fifth Avenue, 26th Floor
                  New York, NY 10103-0040
                  Tel: (212) 237-0000
                  Fax: (212) 237-0100
                  Email: dmeyer@velaw.com
                         jpeet@velaw.com
                         lkanzer@velaw.com

                    - and -

                  Paul E. Heath, Esq.

                  VINSON & ELKINS LLP
                  Trammell Crow Center
                  2001 Ross Avenue, Suite 3700
                  Dallas, TX 75201
                  Tel: 214.220.7700
                  Fax: 214.999.7787
                  Email: pheath@velaw.com

Debtors'          GRAY REED & MCGRAW, P.C.
Special
Counsel:

Debtors'          CONYERS DILL & PEARMAN
Bermuda
Counsel:

Debtors'          LOCKE LORD LLP
Regulatory
Counsel:

Debtors'          PJT PARTNERS LP
Investment
Banker:

Debtors'          OPPORTUNE LLP
Financial
Advisor:

Debtors'          EPIQ SYSTEMS, INC.
Notice
and Claims
Agent:

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million

The petition was signed by Bruce W. Busmire, chief financial
officer.

List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
U.S. Bank, N.A.                    Deficiency Claim  Undetermined
Attn: Corporate Trust Services    Re: 11% Second
5555 San Felipe Street, Ste 1150   Lien Notes Due
Houston, TX 77056                       2020
Fax: 713-235-9213
Email: mauri.cowen@usbank.com

Wilmington Trust, N.A., as         3% Senior Notes   $363,018,000
Trustee                                Due 2018
Attn: S. Goffinet
15950 N. Dallas Parkway, Ste 550
Dallas, TX 75248
Email: Sgoffinet@Wilmingtontrust.com

Wilmington Trust, N.A.,              9.25% Senior    $249,452,000
as Trustee                          Notes Due 2017
Attn: S. Goffinet
15950 N. Dallas Parkway, Ste 550
Dallas, TX 75248
Email: Sgoffinet@Wilmingtontrust.com

Wilmington Trust, N.A.,               7.5% Senior     $238,071,000
As Trustee                           Notes Due 2021
Attn: S. Goffinet
15950 N. Dallas ParkwayY, Ste 550
Dallas, TX 75248
Email: Sgoffinet@Wilmingtontrust.com

U.S. Bank, N.A.,                      8.25% Senior    $213,677,000
Attn: Corporate Trust Services       Notes Due 2018
5555 San Felipe Street, Suite 1150
Houston, TX 77056
Fax: 713-235-9213
Email: mauri.cowen@usbank.com

Wilmington Trust, N.A.,               6.875% Senior   $143,993,000
As Trustee                           Notes Due 2024
Attn: S. Goffinet
15950 N. Dallas Parkway, Ste 550
Dallas, TX 75248
Email: sGoffinet@Wilmingtontrust.com

Wilmington Trust, N.A.,               7.75% Senior    $101,077,000
As Trustee                            Notes Due 2019
Attn: S. Goffinet
15950 N. Dallas Parkway, Ste 550
Dallas, TX 75248
Email: Sgoffinet@Wilmingtontrust.com

Fab Con Inc.                            Trade Debt      $1,047,142
Attn: Bobby Giles
1710 Youngs Road
Morgan City, LA 70380
Tel: 504-382-6397
Email: bobbywgiles@Mindspring.com

United Fire & Safety LLC                Trade Debt        $707,773
216 Millstone Rd
Broussard, LA 70518
Tel: 337-837-8060
Fax: 337-837-8063

AXIP Energy Services LP                 Trade Debt        $634,430
Attn: Pete Lane, CEO
1301 McKinney ST #900
Houston, TX 77010
Tel:: 832-294-6500
Email: Kotto@Axip.com

C & D Production Specialist Co Inc.     Trade Debt        $613,902

Attn: Troy Bozeman
4683 West Park Avenue
Houma, LA 70364
Tel: 337-364-0663
Fax: 985-693-8156
Email: troy.bozeman@cdwireline.net

River Rental Tool Inc.                  Trade Debt        $488,149
109 Derrick Rd
Belle Chasse, LA 70037
Tel: 504-392-9775
Fax: 337-394-7072
Email: Rdiggs@rrtmax.com

Coastal Drilling Company LLC            Trade Debt        $434,583
311 Saratoga Boulevard
Corpus Christi, TX 78417
Fax: 361-852-667

Flow Chem Technologies LLC              Trade Debt        $434,186
Attn: Kenneth Marks
289 Cutlass Loop
Rayne, LA 70578
Tel: 337-228-1258
Email: Kmarks@flowchem.net

Abe's Boat Rentals Inc.                 Trade Debt        $397,699
Attn: Jamie Delahoussaye
9087 LA-23
Belle Chasse, LA 70037
Tel: 504-398-3637
Email: Abesboatrentals@bellsouth.net

Expeditors & Production Serv            Trade Debt        $366,831
Attn: J. Desomeaux
151 Southpark RD #500
Lafayette, LA 70508
Tel: 337-839-2735
Jdesomeaux@Epsteam.com

Quail Tools LP                          Trade Debt        $366,507
Attn: Keith White
3713 HWY 14
New Iberia, LA 70560
Tel: 337-365-8154
Fax: 337-365-9997
Email: KeithwhiteQuailtools.com

Nov Brandt                              Trade Debt        $362,297
4310 N. Sam Houston Pkwy. E
Houston, TX 77032
Tel: 713-482-0500
Email: Brandt@now.com

B & J Martin Inc.                       Trade Debt        $351,627

Attn: Matthew Martin
18104 West Main Street
Galliano, LA 70354
Tel: 985-632-2727
Email: MattJMartin@cox.net;
April@BJmartininc.com

Dynamic Production Services Inc.        Trade Debt        $344,733
Attn: Joyann Feugas
701 Robley DR #220
Lafayette, LA 70503
Tel: 337-981-9484
Email: Joyann@dy-pro.com

Pelstar LLC                             Trade debt        $324,806
Attn: Dirk Dailey
10145 Beekman Place DR
Houston, TX 77043-4313
Tel: 337-856-7000
Email: Dirk@pelstarusa.com

Expro Americas LLC - Offshore           Trade Debt        $313,345
Attn: Eric Nelson
738 Highway 6 South
Houston, TX 77079
Tel: 281-597-9010
Email: eric.nelson@exprogroup.com

Baker Hughes Business Support           Trade Debt        $310,483
2929 Allen Parkway, Suite 2100
Houston, TX 77019-2118
Tel: 713-625-4200
Email: APservices@bakerhughes.com
Ron.Davis@bakerhughes.com

All Cost LLC                            Trade debt        $283,616
Attn: Byron Allaemand
151 Southpark Rd, 3rd Floor
Lafayette, LA 70508
Tel: 337-560-8041
Email: Ballemand@allcoastllc.com

Petroleum Solutions                     Trade Debt        $281,711
International LLC
Attn: Richard Angelle
401 Audobon Boulevard 39B-103
Lafayette, LA 70503
Tel: 337-232-6252
Email: rangelle1@Bellsouth.net

Adriatic Marine LLC                     Trade Debt        $278,760
Attn: Kevin Gonzales;
Barrett J. Grabert
201 Raceland St
Raceland, LA 70394
Tel: 985-537-9330
Email: Barrett@adriaticmarinellc.com

Archrock Services LP                    Trade Debt        $251,925

Attn: Daniel Van Praag
16666 Northchase DR
Houston, TX 77060
Tel: 281-836-7000
Email: daniel.vanpraag@exterran.com

Acadiana Valve Services & Supply        Trade Debt        $249,685
Email: Nickd@Avsands.net

Parkway Services Group LLC              Trade Debt        $241,835
Email: Steve@Parkwayms.com

Wood Group PSN Inc.                     Trade Debt    Undetermined
Email: Kristin.Scheel@woodgroup.com

Freeport-Mcmoran Oil & Gas LLC          Trade Debt    Undetermined

Fieldwood Energy LLC                    Trade Debt    Undetermined

Email: Smith@Fwellc.com

Rowan Drilling Co. Inc.                 Trade Debt    Undetermined
Email: Matt.Keller@Rowancompanies.com

Shamrock Management LLC                 Trade Debt    Undetermined
Email: Gcrane@Shamrockmanagementllc.com

Grand Isle Corridor LP                  Trade Debt    Undetermined

Nabors Offshore Corporation             Trade Debt    Undetermined

PHI Inc.                                Trade Debt    Undetermined
Email: Tbegnaud@Phihelico.com

Sirius Technologies LLC                 Trade Debt    Undetermined
Email: Peter@Siriuscontrols.net

C & G Boats Inc.                        Trade Debt    Undetermined
Email: Jamie@CGboats.com

Whitney Oil & Gas LLC                   Trade Debt    Undetermined
Email: Sledet@whitneyoilandgasllc.com

W & T Offshore Inc.                     Trade Debt    Undetermined

McMoran Oil & Gas LLC                   Trade Debt    Undetermined

Island Operating Company Inc.           Trade debt    Undetermined
Email: Gfalgout@Islandoperating.com

Gaubert Oil Company Inc.                Trade debt    Undetermined
Email: Allison@Gaubertoil.com

Dulan LLC                               Trade Debt    Undetermined
Email: jblohm@Dupre.com

Church Point Wholesale                  Trade Debt    Undetermined

Exterran Energy Solutions LP            Trade Debt    Undetermined
Email: Daniel.Vanpraag@Exterran.com

Sparrows Offshore LLC                   Trade Debt    Undetermined
Email: Sean.Rryan@Sparrowsgroup.com

Bisso Marine Company Inc.               Trade Debt    Undetermined
Email: Royhuchler@Bissomarine.com

Black Elk Energy Offshore Operations    Trade Debt    Undetermined
LLC


ENERGY XXI: Fitch Cuts LT IDR to 'D' on Chapter 11 Bankr. Filing
----------------------------------------------------------------
Fitch Ratings has downgraded Energy XXI LTD's (NYSE: EXXI) and
Energy XXI Gulf Coast's (EGC) Long-term IDR to 'D' following the
company's filing for bankruptcy protection under Chapter 11 of the
U.S. bankruptcy code.

KEY RATING DRIVERS

RESTRUCTURING SUPPORT AGREEMENT

On April 14, 2016, EXXI announced that it had entered into a
restructuring support agreement (RSA) with certain holders of the
company's second-lien notes. In order to implement the terms of the
agreement, EXXI voluntarily filed for Chapter 11 relief. Under the
proposals contained in the RSA, substantially all prepetition
funded debt would be eliminated, other than amounts related to the
first-lien bank facility. Second-lien holders would receive a pro
rata share of 100% of equity in the reorganized company, subject to
dilution from equity amounts attributable to a proposed long-term
incentive plan for management. Under the RSA, EGC, EPL Oil & Gas,
and EXXI LTD unsecured claims would receive a pro rata share of a
proposed warrant package, provided they vote to accept the plan of
reorganization. Existing common and preferred stock would be
extinguished, with existing equity holders receiving no
consideration. The RSA contemplates that John Schiller would
continue as CEO of the reorganized company.

EXXI reported cash on hand of $180 million as of March 31, 2016.
The company expects operations to continue as usual during the
restructuring, and EXXI will manage their assets as
debtors-in-possession under the jurisdiction of the bankruptcy
court.

UPDATED RECOVERY ANALYSIS

"EXXI Gulf Coast recoveries are estimated as outstanding ('RR1';
100%) at the first-lien secured level, average ('RR4'; 31 to 50%)
at the second-lien secured level, and poor ('RR6'; 0%) at the
unsecured level. EXXI LTD debt and preferred stock is structurally
subordinated to the assets at EXXI Gulf Coast, and receives no
recovery value in our analysis ('RR6'; 0%)."

KEY ASSUMPTIONS

Fitch said, "Recovery values are based on estimated liquidation
values of proved (1P) oil and natural gas reserves. Fitch begins
with a standard value of $12.5/boe for an average producer, which
is based on our long term price deck ($65/bbl oil, $3.25/mcf
natural gas). Fitch then makes adjustments for location and
quality, oil & gas mix, as well as adjustments related to the
recent decline in commodity prices."

RATING SENSITIVITIES

N/A

FULL LIST OF RATING ACTIONS

Energy XXI Gulf Coast Inc.
-- Long-term Issuer Default Rating downgraded to 'D' from 'C';
-- Senior secured first lien revolver affirmed at 'CCC/RR1';
-- Senior secured second lien notes downgraded to 'C/RR4' from
    'CCC-/RR2';
-- Senior unsecured notes affirmed at 'C/RR6'.

Energy XXI LTD
-- Long-term IDR downgraded to 'D' from 'C';
-- Convertible notes affirmed at 'C/RR6';
-- Convertible perpetual preferred affirmed at 'C/RR6'.


ENERGY XXI: Grand Isle Waives Default Under Lease Agreement
-----------------------------------------------------------
On June 30, 2015, Energy XXI GIGS Services, LLC, an indirect
wholly-owned subsidiary of Energy XXI Ltd (the "Tenant"), entered
into a triple-net lease with Grand Isle Corridor, LP, a
wholly-owned subsidiary of CorEnergy Infrastructure Trust, Inc.,
pursuant to which the Tenant will continue to operate the real and
personal property constituting a subsea pipeline gathering system
located in the shallow Gulf of Mexico shelf and storage and onshore
processing facilities on Grand Isle, Louisiana sold to Grand Isle
Corridor in June 2015.

Under the Lease, an event of default would be triggered by the
Tenant upon (i) the filing by either the Tenant or the Company of a
Bankruptcy Petition or (ii) the failure of either the Tenant or the
Company to make any payment of principal or interest with respect
to Material Debt after giving effect to any applicable cure period
or the failure to perform under an agreement or instrument relating
to such Material Debt.  Although the Tenant did not file a
voluntary petition for reorganization under Chapter 11 of the
Bankruptcy Code, the Company's Bankruptcy Petition and failure to
comply with its Material Debt instruments, would, among other
things, allow Grand Isle Corridor to terminate the Lease.

As a result, the Tenant and Grand Isle Corridor entered into a
Waiver to Lease, dated as of April 13, 2016, whereby Grand Isle
Corridor waived its right to exercise its remedies set forth under
the Lease in the event of the Specified Defaults except its ability
to exercise observer rights as detailed in Section 23.2(b)(vii) of
the Lease.  The Waiver will terminate if any of the following
events occur: (i) a dismissal of the Company's Bankruptcy Petition,
(ii) conversion of the pending case from a Chapter 11 bankruptcy to
a chapter 7 bankruptcy case or other liquidation proceeding, (iii)
relief from the automatic stay or other relief which allows the
creditors of the Material Debt to take action to enforce such
Material Debt against the Company or its property or (iv) a Tenant
Event of Default (as defined in the Lease) under the Lease other
than arising out of the Specified Defaults expressly waived.   

A copy of the Form 8-K report is available for free at:

                       http://is.gd/lY2jaE

                        About Energy XXI

Energy XXI Ltd was incorporated in Bermuda on July 25, 2005.  With
its principal operating subsidiary headquartered in Houston, Texas,
Energy XXI is engaged in the acquisition, exploration, development
and operation of oil and natural gas properties onshore in
Louisiana and Texas and in the Gulf of Mexico Shelf.  It is listed
on the NASDAQ Global Select Market under the symbol "EXXI".

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Proposed Lead Case No.
16-31928).  Concurrently with the filing of the Bankruptcy
Petitions, the Company filed a winding-up petition commencing an
official liquidation proceeding under the laws of Bermuda before
the Supreme Court of Bermuda.

The Debtors have hired Vinson Elkins as counsel, Gray Reed &
McGraw, P.C. as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.

The Debtors estimated assets in the range of $100 million to $500
million and debts of up to $500 million.

The petitions were signed by Bruce W. Busmire as chief financial
officer.

Judge Karen K. Brown is assigned to the cases.


ENERGY XXI: Has Restructuring Support Agreement With Noteholders
----------------------------------------------------------------
Prior to the filing of the bankruptcy petitions, on April 11, 2016,
Energy XXI Ltd, et al., entered into a Restructuring Support
Agreement with certain holders of EGC's 11.000% Senior Secured
Second Lien Notes due 2020, providing that the Second Lien
Noteholders party thereto will support a restructuring of the
Debtors, subject to the terms and conditions of the Restructuring
Support Agreement.  The restructuring transactions contemplated by
the Restructuring Support Agreement will be effectuated through a
joint prearranged plan of reorganization in accordance with the
terms and conditions of the term sheet dated April 11, 2016.  The
Plan will represent a settlement of various issues, controversies,
and disputes.

The Restructuring Support Agreement provides, among other things,
that:

   * Existing common stock and preferred stock of the Company
     would be extinguished, and existing equity holders would not
     receive consideration in respect of their equity interests.

   * The Debtors, on behalf of the holders of claims arising on
     account of the Company's Second Amended and Restated First
     Lien Credit Agreement and subject to further negotiations
     with the lenders under the Revolving Credit Facility, will
     use their best efforts to ensure that at emergence, the
     amount drawn under the Revolving Credit Facility either (i)
     remains outstanding or (ii) is refinanced with a new facility

     with terms acceptable to the Second Lien Noteholders party to

     the Restructuring Support Agreement who hold, in aggregate,
     at least 66.6% in principal amount of the Second Lien Notes
     Claims held by the Restructuring Support Parties; provided,
     however that (a) $228 million of letters of credit usage
     remains outstanding and (b) other terms, including a
     borrowing base redetermination holiday, are acceptable to the

     Debtors and the Majority Restructuring Support Parties.  If
     the Debtors are unable to obtain the foregoing treatment of
     the First Lien Claims, then the Debtors will use their best
     efforts to obtain treatment acceptable to the Debtors and the

     Majority Restructuring Support Parties.

   * Holders of claims relating to the Second Lien Notes will
     receive their pro rata share of 100% of the common stock in
     the reorganized company on account of such Second Lien Notes
     Claims, subject to dilution from the issuance of New Equity
     in connection with the long-term management incentive plan
     for the reorganized Debtors and the Warrant Package.

   * Holders of allowed priority claims (other than a priority tax
     claim or administrative claim) will receive either: (i) cash
     equal to the full allowed amount of such claim or (ii) such
     other treatment as may otherwise be agreed to by such holder,

     the Debtors, and the Majority Restructuring Support Parties.

   * Holders of secured claims (other than a priority tax claim,
     First Lien Claim, or Second Lien Notes Claim) will receive,
     at the Debtors' election and with the consent of the Majority
     Restructuring Support Parties, either: (i) cash equal to the
     full allowed amount of such claim, (ii) reinstatement of such

     holder's claim, (iii) the return or abandonment of the
     collateral securing such claim to such holder, or (iv) such
     other treatment as may otherwise be agreed to by such holder,

     the Debtors, and the Majority Restructuring Support Parties.

   * If the holders of claims relating to the unsecured EGC notes,

     the unsecured EPL notes and the Company's senior unsecured
     convertible notes vote to accept the Plan, then such holders
     will receive their pro rata share of the package of out-of-
     the-money warrants equal to an aggregate of up to up to 10%
     of the New Equity (subject to dilution from the Management
     Incentive Plan) with a maturity of 10 years and an equity
     strike price equal to (i) the principal amount of the Second
     Lien Notes Claims less the original issue discount of
     approximately $53.5 million plus (ii) accrued and unpaid
     interest.  If, however, the holders of such claims vote to
     reject the Plan, then such holders will not receive a
     distribution under the Plan. Subject to the terms of the
     Plan, the Warrant Package will be divided amongst the classes

     of EGC Unsecured Notes Claims, EPL Unsecured Notes Claims, or

     EXXI Convertible Notes Claims, consistent with their
     respective legal entitlements.

   * John D. Schiller, Jr. will continue as the New Entity's chief

     executive officer and a member of its board of directors.

The Restructuring Support Agreement also contains certain
milestones for progress in the Chapter 11 proceedings.  The
Restructuring Support Agreement contains certain other customary
terms and conditions for transactions of this type and may be
terminated upon the occurrence of certain events, which includes,
among other things, any failure to meet the Milestones.

A copy of the Restructuring Support Agreement is available at:

                      http://is.gd/Zluca8

                       About Energy XXI

Energy XXI Ltd was incorporated in Bermuda on July 25, 2005.  With
its principal operating subsidiary headquartered in Houston, Texas,
Energy XXI is engaged in the acquisition, exploration, development
and operation of oil and natural gas properties onshore in
Louisiana and Texas and in the Gulf of Mexico Shelf.  It is listed
on the NASDAQ Global Select Market under the symbol "EXXI".

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Proposed Lead Case No.
16-31928).  Concurrently with the filing of the Bankruptcy
Petitions, the Company filed a winding-up petition commencing an
official liquidation proceeding under the laws of Bermuda before
the Supreme Court of Bermuda.

The Debtors have hired Vinson Elkins as counsel, Gray Reed &
McGraw, P.C. as special counsel, Conyers Dill & Pearman as Bermuda
counsel, Locke Lord LLP as regulatory counsel, PJT Partners LP as
investment banker, Opportune LLP as financial advisor, Epiq
Systems, Inc., as notice and claims agent.

The Debtors estimated assets in the range of $100 million to $500
million and debts of up to $500 million.

The petitions were signed by Bruce W. Busmire as chief financial
officer.

Judge Karen K. Brown is assigned to the cases.


ESTATE FINANCIAL: April 20 Hearing to Approve Disclosure Statement
------------------------------------------------------------------
A U.S. bankruptcy court is set to hear a motion filed by Estate
Financial Inc.'s Chapter 11 trustee to approve the outline of the
company's proposed liquidating plan.

The U.S. Bankruptcy Court for the Central District of California
will take up the motion at a hearing on April 20.

The plan, filed on Nov. 25 last year, proposes to establish a trust
to complete the liquidation of Estate Financial's assets.  The plan
was proposed by Thomas Jeremiassen, the bankruptcy trustee, and the
official committee representing the company's unsecured creditors.

                      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 ("EFMF"), 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.

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

The Trustee tapped Pachulski Stang Ziehl & Jones LLP as attorneys.

The Official Committee of Unsecured Creditors tapped the Law
Offices of David M. Meadows as counsel.

                           *     *     *

The Chapter 11 Trustee filed a liquidating plan that proposes to
establish a trust to, among other things, complete the liquidation
of the Estate's assets.  The Official Committee of Unsecured
Creditors is a co-proponent to the Plan.


ESTERLINA VINEYARDS: Seeks to Enjoin Bank of the West Court Action
------------------------------------------------------------------
Esterlina Vineyards & Winery, LLC, asks the U.S. Bankruptcy Court
for the Northern District of California, for a preliminary
injunction, to enjoin Bank of the West, a secured creditor, from
prosecuting a case brought before the California State Court.

Bank of the West filed a complaint in Sonoma County Superior Court
against Eric Sterling and Craig Sterling on April 14, 2015, based
on certain credit agreements between the Bank and the Debtor, and
related guarantees.  The complaint recites the full value of the
Bank's bankruptcy claim against the Debtor against the Sterlings
and alleges that the Bank recorded Notices of Default on certain
real properties pledged by the Debtor.

The Sterlings own approximately 68.7% of the Debtor's stock and the
remaining shares are primarily owned by other Sterling family
members.  The Sterlings are the persons responsible for handling
the affairs of the winery and related property matters from the
bankruptcy case.

The Debtor contends that the state case has become a very
significant obstacle to the effective administration of the estate.
It relates that the Bank has recently served onerous sets of
written discovery in the state case, and that expensive and
time-consuming pretrial preparation, motions, and related
activities will soon follow.  The Debtor further contends that the
Sterlings' time and energies, which should be directed to the
handling of the bankruptcy case and maximizing the value of the
bankruptcy property for the benefit of all creditors, are instead
being significantly diverted to the discovery in, and the defense
of, the state case.

The Debtor tells the Court that needless attorneys' fees and costs
are being spent, and will continue to be spent, on the state case,
for no valid reason.  The Debtor further tells the Court that
inconsistent results in the state case could affect the estate and
the Bank's claims in the bankruptcy case.  It avers that the
wasteful, disorderly, and distracting activities justify the
temporary injunction against the Bank's prosecution of the state
case, at least until plan confirmation.

The Debtor's Motion is scheduled for hearing on May 3, 2016 at 9:30
a.m.

Esterlina Vineyards & Winery is represented by:

          Douglas B. Provencher, Esq.
          PROVENCHER & FLATT LLP
          823 Sonoma Avenue
          Santa Rosa, CA 95404-4714
          Telephone: (707)284-2380
          Facsimile: (707)284-2387
          E-mail: dbp@provlaw.com

Craig Sterling and Eric Sterling are represented by:

          William C. Morison, Esq.
          Matthew T. Powers, Esq.
          MORISON & PROUGH, LLP
          2540 Camino Diablo, Suite 100
          Walnut Creek, CA 94597
          Telephone: (925)937-9990
          Facsimile: (925)937-3272
          E-mail: wcm@morisonprough.com
                  mtp@morisonprough.com

                About Esterlina Vineyards & Winery

Esterlina Vineyards & Winery, LLC, owns and operates a winery.  The
winery grows its own grapes, processes grapes, bottles and sells
wine.

Esterlina Vineyards sought Chapter 11 protection (Bankr. N.D. Cal.
Case No. 15-10841) on Aug. 12, 2015, to stop a foreclosure sale
slated the day before the filing.  Eric Sterling, the president,
signed the petition.  

The Debtor disclosed total assets of $12,759,291 and total
liabilities of $8,288,420.  The primary secured creditor is Bank of
the West.

The Law Offices of Provencher & Flatt LLP serves as the Debtor's
counsel.  The case is assigned to Judge Thomas E. Carlson.


FAIRWAY GROUP: Has Tentative Deal to Restructure Debt in Bankruptcy
-------------------------------------------------------------------
Jodi Xu Klein, Laura J. Keller and Lauren Coleman-Lochner, writing
for Bloomberg Brief, reported that struggling grocer Fairway Group
Holdings Corp. has reached a tentative deal with creditors to
restructure its debt in bankruptcy, according to people familiar
with the matter.

The deal would likely put the New York-based grocery chain into
Chapter 11 proceedings by the end of May, the report said, citing
one of the people.  Fairway's lenders, led by Blackstone Group LP
credit arm GSO Capital Partners, would provide a loan enabling it
continue operations while still in court, said the people, who
asked not to be identified because the discussions are private, the
report related.

According to the report, still citing one of the people, the
specific terms of the deal are still being worked out, including
the size of the financing package and whether all store lease
contracts will be maintained at its less profitable locations.
Under the deal, lenders would take over ownership of the business
after Fairway completes its debt restructuring, said the person,
the report further related.

The company is being advised by Greenhill & Co., and Alvarez &
Marsal Inc., the report added, further citing the people.

                     About Fairway Group

New York-based Fairway Group Holdings Corp. operates in the retail
food industry, selling fresh, natural and organic products,
prepared foods and hard-to-find specialty and gourmet offerings
along with a full assortment of conventional groceries.  The
company operates 15 stores in the Greater New York metropolitan
area, four of which include Fairway Wine & Spirits locations.  

The Troubled Company Reporter, on Feb. 22, 2016, reported that
Moody's Investors Service downgraded Fairway Group Acquisition
Company's Corporate Family Rating to Caa2 from Caa1 and its
Probability of Default Rating to Caa2-PD from Caa1-PD. Moody's also
downgraded the rating for Fairway's $267 million senior secured
term loan and $40 million senior secured revolving credit facility
to Caa2 from Caa1. Fairway's speculative grade liquidity rating was
affirmed at SGL- 4. The outlook remains negative.

"Fairway's operating performance and liquidity continues to be
weak
and we expect the company to breach it's financial covenants in
the
fourth quarter ending April 3, 2016," Moody's Senior Analyst
Mickey
Chadha stated. "Although Fairway can exercise equity cure rights
or
seek some form of covenant relief from lenders to avoid default,
any such cure or relief without the larger capital infusion that
the company is actively exploring would only be temporary as its
current capital structure is unsustainable and could result in
some
form of distressed exchange", Chadha further stated.


FANNIE MAE & FREDDIE MAC: Updated Third Amendment Litigation Chart
------------------------------------------------------------------
At http://bankrupt.com/gselitigation201604.pdfeditors of the
Troubled Company Reporter and Class Action Reporter have posted a
chart, updated on Apr. 18, 2016, organizing information about the
dozens of lawsuits complaining about how the Department of the
Treasury and the Federal Housing Finance Administration are
handling Fannie Mae and Freddie Mac's conservatorship proceedings.
Unaltered, this chart may be freely shared with anyone for any
purpose, notwithstanding that it is copyrighted by Bankruptcy
Creditors' Service, Inc., and Beard Group, Inc., and all rights are
reserved by the publishers.  For additional information, contact
Peter A. Chapman at peter@beardgroup.com by e-mail or (215)
945-7000 by telephone.

Last week, the U.S. Court of Appeals for the D.C. Circuit
entertained oral argument in Perry v. Lew, No. 14-5243 (D.C. Cir.).
The government argues that the appellate tribunal should affirm
Judge Lamberth's dismissal of lawsuits filed in the U.S. District
Court for the District of Columbia.  The shareholders want the
Third Amendment vacated.  The three-judge panel scheduled one hour
for oral argument, but listened to and questioned the parties for
nearly three times that amount of time.  

We predict the D.C. Circuit will remand the cases to Judge Lamberth
with instructions to reconsider his decision after receiving a full
administrative record, with minimal, if any, guidance about how to
interpret section 4617(f) of HERA, which the government says
prohibits shareholder lawsuits, and HERA’s succession provision
in section 4617(b)(2)(A)(i).  

The D.C. Circuit asked the parties to discuss what, if any, effect
section 4623(d) of HERA, limiting judicial review of FHFA’s
capital classification decisions, and, presumably, whether the
Third Amendment should be viewed as a capital classification
change.  The Court asked the four parties to the appeal to submit
10-page briefs about this new topic in the coming week.  Attentive
GSE litigation followers will recall -- see http://goo.gl/MzpAUH--
that Director Lockhart suspended capital classifications and
capital requirements in Oct. 2008 while the GSEs are in
conservatorship.

In In re: Third Amendment Litigation, MDL No. 2713 (J.P.M.D.L.),
FHFA has asked the Judicial Panel on Multidistrict Litigation to
transfer and consolidate all present and future lawsuits
complaining about the Net Worth Sweep in the U.S. District Court
for the District of Columbia, with the unstated but obvious goal of
having Judge Lamberth dismiss them all.  Plaintiffs in those
present and future cases -- Joshua J. Angel at Herrick, Feinstein
LLP; Ms. Robinson in Kentucky; the Saxton Plaintiffs in Iowa; the
Roberts Plaintiffs in Illinois; and the Jacobs Plaintiffs in
Delaware -- don't share FHFA's enthusiasm.  The JPMDL will consider
FHFA's transfer and consolidation request at a hearing in Chicago
on May 26, 2016.


FINJAN HOLDINGS: Provides Update on Proofpoint Case
---------------------------------------------------
Finjan Holdings, Inc., announced that in Finjan's patent
infringement suit (3:13-cv-05808-HSG) against Proofpoint, Inc.,
Judge Haywood S. Gilliam, Jr. entered his Order Granting In Part
and Denying In Part each sides Motions for Summary Judgment, dated
April 12, 2016 (Order, Docket No. 347).  The Court ruled that
triable issues of fact exist as to six of the eight asserted
patents against Proofpoint and Armorize products, to be tried by
jury.  Trial is set for June 13, 2016.

Finjan will be proceeding to trial with the following six asserted
patents: U.S. Patent Nos. 6,154,844; 7,058,822; 7,647,633;
7,975,305; 8,079,086; and 8,224,408, which cover cloud, endpoint,
web and messaging security, and networking and perimeter defense
technologies.  Finjan US Patent Nos. 7,613,918 and 8,141,154 will
not be included in the trial without any change to their validity.

"The Court's Order has streamlined our case against Proofpoint
without any significant impact to our damages case," commented
Julie Mar-Spinola, Finjan's chief intellectual property officer and
VP of Legal.  "We remain confident in the merits of our patent
claims and will proceed to trial accordingly."

Finjan has filed patent infringement lawsuits against FireEye,
Inc., Sophos, Inc., Symantec Corporation, Palo Alto Networks, 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 Holdings reported a net loss of $12.6 million in 2015, a
net loss of $10.5 million in 2014 and a net loss of $6.07 million
in 2013.

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.


FORESIGHT ENERGY: Forbearance Period Extended Until April 15
------------------------------------------------------------
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 (the "Consenting Noteholders") of the Issuers'
7.875% Senior Notes due 2021.  

The forbearance period was previously extended through April 15,
2016.  According to the April 15 regulatory filing by Foresight,
the parties have agreed to further extended the forbearance period
through April 22, 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
January 27, 2016 with certain lenders (the "Consenting Lenders")
under Foresight Receivables’ receivables financing agreement.  As
a result of the extension, the forbearance period runs through July
15, 2016, unless further extended by the Consenting Lenders in
their sole discretion or unless earlier terminated in accordance
with its terms.  

The extensions are intended to provide additional opportunity to
engage in discussions and negotiations with the holders of the
Notes and our secured lenders, Foresight disclosed in its Form 8-K
report filed with the Securities and Exchange Commission.

                    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 to 'D' from 'CCC-'.

As reported by the TCR on March 29, 2016, Moody's Investors Service
downgraded all ratings of Foresight Energy, including the corporate
family rating to 'Caa3' from 'Caa1'.


FOREST PARK REALTY: Hires Cherry Bekaert as Accountants
-------------------------------------------------------
Forest Park Realty Partners III, LP, et al., seek authority from
the U.S. Bankruptcy Court for the Northern District of Texas to
employ Cherry Bekaert LLP as accountants to the Debtors, nunc pro
tunc to November 30, 2015.

Forest Park Realty requires Cherry Bekaert to prepare and file the
Debtors' tax returns for the tax year ending December 31, 2015.

Cherry Bekaert will be paid a flat fee of $9,000 for the
preparation and filing of the Debtors' tax returns, of which the
entire amount will be paid upfront. Payment of the Flat Fee to
Cherry Bekaert will be due prior to Cherry Bekaert's preparation of
the tax returns. The $9,000 fee will include payment for all of
Cherry Bekaert's expenses in connection with the preparation of the
tax returns.

To the best of the Debtor's knowledge, Cherry Bekaert LLP is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Cherry Bekaert can be reached at:

     CHERRY BEKAERT LLP
     200 South 10th Street, Suite 900
     Richmond, VA 23219
     Tel: (804) 673-5700
     Fax: (804) 673-4290

                              About Forest Park Realty

Forest Park Realty Partners III, LP, and BT Forest Park Realty
Partners, LP, own properties that constitute Forest Park Dallas,
which includes several hospital buildings, a parking garage, and a
vacant lot.

Forest Park Realty Partners III, LP, and BT Forest Park Realty
Partners, LP, sought Chapter 11 protection (Bankr. N.D. Tex. Lead
Case No. 15-34814) on Nov. 30, 2015. The petitions were signed by
Todd Furniss as manager of Neal Richards Group Forest Park
Development LLC, its general partner. Judge Stacey G. Jernigan has
been assigned to the cases.

Forest Park estimated assets of $50 million to $100 million and
liabilities of $100 million to $500 million.

Franklin Hayward LLP serves as counsel to the Debtors.



FOREST PARK REALTY: Hires CPWR as Accountants
---------------------------------------------
BT Forest Park Realty Partners, LP., et al., seek authority from
the U.S. Bankruptcy Court for the Northern District of Texas to
employ CPWR, LLP as accountants to the Debtors, nunc pro tunc to
November 30, 2015.

BT Forest Park requires CPWR to prepare and file the Debtor's tax
returns for the tax year ending December 31, 2015.

CPWR will be paid a flat fee of $3,875, of which the entire amount
will be paid upfront. Payment of the flat fee to CPWR will be due
prior to CPWR's preparation of the tax returns. The $3,875 fee will
include payment for all of CPWR's expenses in connection with the
preparation of the tax returns.

To the best of the Debtor's knowledge, CPWR, LLP is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

CPWR can be reached at:

     CPWR, LLP
     Keller Springs Road, Suite 425
     Addison, TX 75001
     Tel: (972) 991-4566

                              About BT Forest Park

Forest Park Realty Partners III, LP, and BT Forest Park Realty
Partners, LP, own properties that constitute Forest Park Dallas,
which includes several hospital buildings, a parking garage, and a
vacant lot.

Forest Park Realty Partners III, LP, and BT Forest Park Realty
Partners, LP, sought Chapter 11 protection (Bankr. N.D. Tex. Lead
Case No. 15-34814) on Nov. 30, 2015. The petitions were signed by
Todd Furniss as manager of Neal Richards Group Forest Park
Development LLC, its general partner. Judge Stacey G. Jernigan has
been assigned to the cases.

Forest Park estimated assets of $50 million to $100 million and
liabilities of $100 million to $500 million.

Franklin Hayward LLP serves as counsel to the Debtors.


FPMC AUSTIN: Hires Kreager Mitchell as Special Counsel
------------------------------------------------------
FPMC Austin Realty Partners, LP, seeks authority from the U.S.
Bankruptcy Court for the Western District of Texas to employ
Kreager Mitchell, PLLC as special counsel to the Debtor, nunc pro
tunc to January 5, 2016.

The services of Kreager Mitchell are necessary to enable the Debtor
to execute faithfully its duties as debtor in possession and to
preserve and enhance the value of the Debtor’s estate. Kreager
Mitchell will render services to the Debtor including, serving as
special real estate counsel to the Debtor to advise the Debtor in
connection with the sale of the Property, work with the Debtor on
appropriate disclosure materials, negotiate earnest money
contract(s) with potential buyer(s), prepare closing documents, and
represent the Debtor through the closing of the sale the Property,
including addressing any title objections raised by the buyer. The
representation may also include assisting the Battaglia Firm in
connection with disputes with the tenants of the Property.

The hourly rates for the attorneys who will be primarily
responsible for this engagement are set forth in the Engagement
Letter. Kreager Mitchell has also informed the Debtor that it will
bill non-working travel time at half of the otherwise applicable
hourly rate. Kreager Mitchell has advised the Debtor that the
hourly rate set forth above is subject to periodic increases in the
normal course of the Kreager Mitchell’s business. Kreager
Mitchell will provide notice of any rate increases to the Debtor,
the United States Trustee, and the Court.

Kreager Mitchell will also be reimbursed for reasonable
out-of-pocket expenses incurred.

To the best of the Debtor's knowledge, Kreager Mitchell, PLLC is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Kreager Mitchell can be reached at:

     Bruce Mitchell, Esq.
     KREAGER MITCHELL, PLLC
     7373 Broadway St., Suite 500
     San Antonio, TX 78209-3262
     Tel: (210) 829-7722
     Fax: (210) 821-6672

                              About FPMC Austin

FPMC Austin Realty Partners, LP's primary asset is a medical campus
property commonly known as the Forrest Park Medical Center Hospital
and Medical Office Building located 8.5 acres on the south side of
SH 45 North between MoPac and I-35 in Round Rock, Texas
("Property").

FPMC Austin Realty Partners filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Tex. Case No. 16-10020) on Jan. 5, 2016. The petition
was signed by Mary Hatcher as manager of NRG Austin Dev. LLC, its
general partner. Judge Tony M. Davis has been assigned the case.

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

The Law Offices of Ray Battaglia, PLLC serves as the Debtor's
counsel.

Proofs of claim are due by May 9, 2016.



FREESEAS INC: Effects 1-for-200 Reverse Common Stock Split
----------------------------------------------------------
FreeSeas Inc. announced that its Amended and Restated Articles of
Incorporation are being amended to effect a reverse stock split of
the Company's issued and outstanding common stock at a ratio of one
new share for every 200 shares currently outstanding.

The Company anticipated that its common stock will begin trading on
a split-adjusted basis when the market opens on April 14, 2016.
FreeSeas' common stock will continue to trade under the symbol
"FREE."  The common shares will also trade under a new CUSIP number
Y26496227.

The reverse stock split will consolidate 200 shares of common stock
into one share of common stock at a par value of $.001 per share.
The reverse stock split will not affect any shareholder's ownership
percentage of FreeSeas' common shares, except to the limited extent
that the reverse stock split would result in any shareholder owning
a fractional share.  Fractional shares of common stock will be
rounded up to the nearest whole share.

After the reverse stock split takes effect, shareholders holding
physical share certificates will receive instructions from American
Stock Transfer and Trust Company LLC, the Company's exchange agent,
regarding the process for exchanging their shares.

                     About FreeSeas Inc.

Headquartered in Athens, Greece, FreeSeas Inc., formerly known as
Adventure Holdings S.A., was incorporated in the Marshall Islands
on April 23, 2004, for the purpose of being the ultimate holding
company of ship-owning companies.  The management of FreeSeas'
vessels is performed by Free Bulkers S.A., a Marshall Islands
company that is controlled by Ion G. Varouxakis, the Company's
Chairman, President and CEO, and one of the Company's principal
shareholders.

The Company's fleet consists of six Handysize vessels and one
Handymax vessel that carry a variety of drybulk commodities,
including iron ore, grain and coal, which are referred to as
"major bulks," as well as bauxite, phosphate, fertilizers, steel
products, cement, sugar and rice, or "minor bulks."  As of
Oct. 12, 2012, the aggregate dwt of the Company's operational
fleet is approximately 197,200 dwt and the average age of its
fleet is 15 years.

Freeseas reported a net loss of $12.7 million in 2014, a net loss
of $48.7 million in 2013 and a net loss of $30.9 million in 2012.

As of June 30, 2015, the Company had $41.4 million in total assets,
$32.2 million in total liabilities and $9.22 million in total
shareholders' equity.

RBSM LLP, in New York, issued a "going concern" qualification on
the consolidated financial statements for the year ended Dec. 31,
2014, citing that the Company has incurred recurring operating
losses and has a working capital deficiency.  In addition, the
Company has failed to meet scheduled payment obligations under its
loan facilities and has not complied with certain covenants
included in its loan agreements.  Furthermore, the vast majority of
the Company's assets are considered to be highly illiquid and if
the Company were forced to liquidate, the amount realized by the
Company could be substantially lower that the carrying value of
these assets.  Also, the Company has disclosed alternative methods
of testing the carrying value of its vessels for purposes of
testing for impairment during the year ended Dec. 31, 2014.
These conditions among others raise substantial doubt about the
Company's ability to continue as a going concern.


FREMAK INDUSTRIES: Court Extends Plan Exclusivity Through June 27
-----------------------------------------------------------------
Hon. Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York granted the request of Fremak Industries,
Inc., to further extend the period within which the Debtor has the
exclusive right to file a plan of reorganization and solicit
acceptances of that Plan pursuant to 11 U.S.C. Sec. 1121(d).
Specifically, the Debtor's Exclusive Filing Period shall be
extended by 120 days through and including June 27, 2016.  Its
Exclusive Solicitation Period shall be extended by 120 more days
through and including August 24, 2016.

Fremak Industries, Inc., based in New York, filed a Chapter 11
bankruptcy petition (Bankr. S.D.N.Y. Case No. 15-11740) on July 1,
2015.  Hon. Sean H. Lane presides over the case.  David L. Barrack,
Esq., at POLSINELLI PC, serves as the Debtor's counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Leon
Goldenberg, president.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/nysb15-11740.pdf


FUHU INC: Debtor Seeks June 28, 2016 General Claims Bar Date
------------------------------------------------------------
Arctic Sentinel, Inc., formerly known as Fuhu, Inc., and its
affiliated debtors ask the U.S. Bankruptcy Court for the District
of Delaware to fix the bar date for filing proofs of claim.

The Debtors seek to establish the deadline for filing proofs of
claim on June 28, 2016, at 4:00 p.m., for all claims arising prior
to the Petition Date for the applicable Debtor.  The Debtors
further seek to establish the deadline for all governmental units
to file claims against the Debtors arising before the Petition Date
for the applicable Debtor on June 28, 2016 at 4:00 p.m.

The Debtors name Kurtzman Carson Consulting, LLC, as their claims
agent.

The Debtors propose that claimants with the following claims not be
required to file proofs of claim on or before the Bar Date:

     (a) claims already duly filed in the Cases with the Claims
Agent, or with the Clerk of the Bankruptcy Court for the District
of Delaware;

     (b) claims listed in the Debtors' Schedules, if the claimant
does not dispute the amount or manner in which its claim is listed
in the Schedules or the nature of the claim as listed, and if such
claim is not designated as "contingent," "unliquidated," "subject
to adjustment," "disputed," or "unknown";

     (c) claims arising on or after the Petition Date for the
applicable Debtor; and

     (d) claims arising prior to the Petition Date for the
applicable Debtor that have already been paid, including claims
paid pursuant to a first-day order, claims paid upon the cure of
defaults under an executory contract or unexpired lease, and claims
paid in connection with the sale of substantially all of the
Debtors' assets.

The deadline for the submission of objections to the Debtors'
Motion is set on April 19, 2016 at 4:00 p.m.

Arctic Sentinel, Inc., formerly Fuhu, Inc., and its affiliated
debtors are represented by:

          Jeffrey N. Pomerantz, Esq.
          Ira Kharasch, Esq.
          Michael R. Seidl, Esq.
          Colin R. Robinson, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: jpomerantz@pszjlaw.com
                 ikharasch@pszjlaw.com
                 mseidl@pszjlaw.com
                 crobinson@pszjlaw.com

                  - and -

          Robert J. Miller, Esq.
          BRYAN CAVE LLP
          Two N. Central Ave., Suite 2200
          Phoenix, AZ 85004
          Telephone: (602)364-7000
          Facsimile: (602)364-7070
          E-mail: rjmiller@bryancave.com

                  - and -

          Kerry A. Moynihan, Esq.
          BRYAN CAVE LLP
          3161 Michelson Drive, Suite 1500
          Irvine, CA 92612
          Telephone: (949)223-7000
          Facsimile: (949)223-7100
          E-mail: kerry.moynihan@bryancave.com

                  - and -

          Brian C. Walsh, Esq.
          Laura Uberti Hughes, Esq.
          BRYAN CAVE LLP
          One Metropolitan Sqaure
          211 N. Broadway, Suite 3600
          St. Louis, MO 63102
          Telephone: (314)259-2000
          Facsimile: (314)259-2020
          E-mail: brian.walsh@bryancave.com
                  laura.hughes@bryancave.com

                         About Fuhu, Inc.

Fuhu, Inc. and Fuhu Holdings, Inc. filed Chapter 11 bankruptcy
petitions (Bankr. D. Del. Lead Case No. 15-12465) on Dec. 7, 2015.

The petition was signed by James Mitchell as chief executive
officer.  The Debtors estimated assets in the range of $10 million
to $50 million and liabilities of $100 million to $500 million.
Pachulski Stang Ziehl & Jones LLP represents the Debtors as
counsel.  Judge Christopher S. Sontchi presides over the case.

Fuhu is headquartered in El Segundo, California, and employs
approximately 115 employees and retains one independent contractor
who work in various areas including marketing, sales, operations,
creative, technology, development and management.

Court document indicates that between 2010 and 2013, Fuhu's
revenue grew to more than $195 million in 2013.  Fuhu's array of
nabi tablets are sold in more than 10,000 retail outlets,
including
Target, Best Buy, Costco Wholesale, Toys R'Us and Walmart stores.

Fuhu Moldings owns significant intellectual property assets of the
Debtors, including trademarks and copyrights.

The Office of the U.S. Trustee appointed seven creditors to the
official committee of unsecured creditors.  Cooley LLP represents
the committee.

                          *     *     *

The Debtors won approval of bidding procedures in connection with
the sale substantially all of their operating assets.  The Court
approved a Jan. 15, 2016 bid deadline, a Jan. 19 auction, and a
Jan. 20 sale hearing.  Absent higher and better offers, the
Debtors
are under contract sell the assets to stalking horse GWS Fuhu,
LLC,
for $10,000,000, subject to adjustments, plus the assumption of
the
assumed liabilities, and for a minimum of $1,000,000 to be
available for satisfaction of the claims of unsecured creditors.


FUSION TELECOMMUNICATIONS: Names Michael Bauer CFO
--------------------------------------------------
Fusion announced that Michael R. Bauer has joined the Company as
chief financial officer.  Mr. Bauer brings more than 20 years of
experience in financial and management leadership to Fusion, most
recently serving as chief financial officer of GTT Communications,
Inc., a global cloud networking provider.

At GTT, Mr. Bauer was instrumental in the company's transformation
into a leader in the rapidly expanding cloud services marketplace,
successfully leading the debt financing and equity raises to
support the significant and rapid, acquisition-led growth.  During
his tenure, GTT's revenue grew more than six-fold to $375 million.
Prior to GTT, Mr. Bauer led the financial planning and analysis and
investor relations efforts at MeriStar Hospitality Corporation, one
of the nation's largest publicly-traded hospitality REITs.  Mr.
Bauer began his career with Arthur Andersen in audit and business
advisory services.  Mr. Bauer is a Certified Public Accountant and
holds his Bachelor of Science degree in Accounting from the
Pennsylvania State University.

"We are delighted to welcome Mike to Fusion," said Matthew Rosen,
Fusion's chief executive officer.  "We expect his extensive
experience contributing to the rapid growth of a leading cloud
services provider and his exceptional track record in financial
management will enable him to play a key role in driving our own
growth going forward.  We can count on him to contribute
meaningfully to our efforts involving acquisitions, capital markets
and investor relations, in addition to compliance and reporting
controls.

"Along with our recent appointment of John G. Hendler to head our
sales efforts, we have now filled two key positions within our
senior management team, building upon the significant breadth and
depth of experience that exists within Fusion to lead the company's
next phase of growth," Mr. Rosen continued.

"Fusion is at an important stage as we continue to strengthen our
nationwide cloud services platform," said Don Hutchins, Fusion's
president and chief operating officer.  "Mike's strong industry
background, which includes successfully integrating multiple
acquisitions while at GTT, and impressive financial experience in
managing companies through periods of rapid growth will be
invaluable to Fusion as we focus on accelerating our organic growth
strategy as well as our acquisition strategy."

In connection with his appointment, Mr. Bauer will receive an
annual base salary of $250,000, will be eligible for an annual
bonus equal to up to 25% of his base salary, and will be granted
55,000 shares of restricted common stock of the Company, which
shares will vest on a pro rata basis on the first, second and third
anniversary of his start date and which shares will vest early in
the event of a change in control of the Company, as disclosed in a
regulatory filing with the Securities and Exchange Commission.

                  About Fusion Telecommunications

New York City-based Fusion Telecommunications International, Inc.,
(OTC BB: FSNN) is a provider of Internet Protocol ("IP") based
digital voice and data communications services to corporations and
carriers worldwide.

Fusion reported a net loss attributable to common stockholders of
$9.80 million on $101.69 million of revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $4.31 million on $92.05 million of revenues for the
year ended Dec. 31, 2014.  As of Dec. 31, 2015, Fusion had $105.75
million in total assets, $91.29 million in total liabilities and
$14.45 million in total stockholders' equity.


GELTECH SOLUTIONS: Issues $125,000 Note to Principal Shareholder
----------------------------------------------------------------
GelTech Solutions, Inc., on April 8, 2016, issued Mr. Michael
Reger, the Company's president and principal shareholder, a
$125,000 7.5% secured convertible note in consideration for a
$125,000 loan.

The note is convertible at $0.38 per share and matures on Dec. 31,
2020.  Repayment of the note is secured by all of the Company's
assets including its intellectual property and inventory in
accordance with a secured line of credit agreement between the
Company and Mr. Reger.  Additionally, the Company issued Mr. Reger
164,474 two-year warrants exercisable at $2.00 per share.
Additionally, on April 8, 2016, the Company and Mr. Reger amended
the Agreement to increase the credit facility from $4 million to $5
million.  Under the Agreement, the Company may receive advances
only with the prior approval of Mr. Reger.

A copy of the Form 8-K report is available for free at:

                   http://is.gd/ERvqoe

                       About GelTech

Jupiter, Fla.-based GelTech Solutions. Inc., is a Delaware
corporation organized in 2006.  The Company markets four products:
(1) FireIce(R), a water soluble fire retardant used to protect
firefighters, structures and wildlands; (2) Soil2O(R) 'Dust
Control', its new application which is used for dust mitigation in
the aggregate, road construction, mining, as well as, other
industries that deal with daily dust control issues; (3)
Soil2O(R), a product which reduces the use of water and is
primarily marketed to golf courses, commercial landscapers and the
agriculture market; and (4) FireIce(R) Home Defense Unit, a system
for applying FireIce(R) to structures to protect them from
wildfires.

For the year ended June 30, 2015, the Company reported a net loss
of $5.51 million on $800,365 of sales compared to a net loss of
$7.11 million on $814,587 of sales for the year ended June 30,
2014.

As of Dec. 31, 2015, Geltech had $1.96 million in total assets,
$6.44 million in total liabilities and a total stockholders'
deficit of $4.48 million.

The Company's auditors Salberg & Company, P.A., in Boca Raton,
Florida, issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has a net loss and net cash used in operating
activities in of $2,638,580 and $2,146,501, respectively, for the
six months ended Dec. 31, 2015, and has an accumulated deficit and
stockholders' deficit of $43,285,883 and $4,482,416, respectively,
at Dec. 31, 2015.  These matters raise substantial doubt about the
Company's ability to continue as a going concern.


GENOIL INC: Pinaki & Associates Expresses Going Concern Doubt
-------------------------------------------------------------
Genoil, Inc., filed with the Securities and Exchange Commission its
annual report on Form 6-K disclosing net income of C$840,217 on C$0
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of C$558,516 on C$0 of revenues for the year ended
Dec. 31, 2014.

As of Dec. 31, 2015, Genoil had C$587,487 in total assets, C$3.69
million in total liabilities and a total stockholders' deficit of
C$3.10 million.

Pinaki & Associates, LLC, in Newark, DE, 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 from operations in current years that raises a substantial
doubt about its ability to continue as a going concern.

A full-text copy of the Form 6-K is available for free at:

                      http://is.gd/8Xr3ys

                         About Genoil Inc.

Genoil Inc. is a technology development company based in Alberta,
Canada.  The Company has developed innovative hydrocarbon and oil
and water separation technologies.  The Company specializes in
heavy oil upgrading, oily water separation, process system
optimization, development, engineering, design and equipment
supply, installation, start up and commissioning of services to
specific oil production, refining, marine and related markets.


GFL ENVIRONMENTAL: S&P Affirms 'B' Rating on 9.875% Sr. Notes
-------------------------------------------------------------
Standard & Poor's Ratings Services said that its issue-level rating
on Toronto-based waste services company GFL Environmental Inc.'s
(GFL) 9.875% senior unsecured notes due 2021 at 'B', with a
recovery rating of '4', was affirmed following the US$150 million
add-on to the existing US$300 million issuance.  The '4' recovery
rating indicates S&P's expectation for average recovery (30% to
z0%; lower half of the range) in the event of default.  S&P expects
GFL to use the proceeds from the add-on to pay its revolver
borrowings, which were used to finance smaller-scale acquisitions
in early 2016.

S&P's long-term corporate credit rating on GFL is affirmed 'B' with
a stable outlook.  Even though the company exited 2015 with debt to
EBITDA of about 7.5x, which S&P considers high for the rating, it
places greater emphasis on pro forma ratios due to the company's
highly acquisitive growth strategy, which is funded mostly by debt.
S&P do not expect adjusted debt-to-pro forma EBITDA, which was
just over 5.0x following the Matrec acquisition, to change
materially as a result of the proposed new issuance.  S&P views the
company's acquisition strategy as increasingly aggressive.  S&P
also believes there is additional integration risk associated with
the larger acquisitions compared with smaller tuck-ins the company
has previously done and would have a larger effect on credit
measures if the acquisitions underperform. Nevertheless, S&P
continues to expect the pro forma ratios to remain stable from
EBITDA contribution by acquisitions made over the past 12 months.
S&P's outlook reflects the company's good growth prospects in a
stable industry balanced by what S&P considers to be a highly
leveraged financial risk profile and aggressive acquisition
strategy.

                         RECOVERY ANALYSIS

Key analytical factors:

   -- S&P has updated its recovery analysis to incorporate the
      proposed notes offering.

   -- Default is assumed in 2019; we assume GFL is unable to fund
      its fixed charges and has exhausted liquidity due to lower-
      than-expected cash flow contributions from acquisitions in
      the default year, but continues to operate as a going
      concern through the restructuring process.

   -- S&P valued the company on a going-concern basis using a 5.5x

      multiple of S&P's projected emergence EBITDA.

   -- Based on the higher enterprise value and increase in debt
      outstanding, the recovery on the bonds (including proposed
      issuance) is just about 40%.  The recovery rating on the
      bonds is unchanged at '4' (average, 30%-50% recovery, low
      end of range), subject to the closing of the issuance.

Simulated default assumptions

   -- Simulated year of default: 2019
   -- EBITDA at emergence: US$140 million
   -- EBITDA multiple: 5.5x

Simplified waterfall

   -- Net enterprise value (after 5% administrative costs):
      US$732 million
   -- Valuation split in % (obligors/nonobligors): 100/0
   -- Priority claims: US$9 million
   -- Collateral value available to secured creditors:
      $722 million
   -- Secured first-lien debt: US$250 million
   -- Total value available to unsecured claims: US$472
   -- Senior unsecured debt: US$1.184 billion
      -- Recovery expectations: 30% to 50% (lower half of the
      range)

All debt amounts include six months of prepetition interest.

RATINGS LIST

GFL Environmental Inc.

Ratings Affirmed/Recovery Rating Unchanged
Corporate credit rating   B/Stable/--
Senior unsecured notes with
  US$150 mil add-on       B
Recovery rating          4L


GLOBAL COMPUTER: Gets OK to Use Cash to Pay $293K in Expenses
-------------------------------------------------------------
Global Computer Enterprises, Inc., received court approval to use
its cash to pay expenses incurred in the ordinary course of
business.

The order, issued by Judge Robert Mayer of the U.S. Bankruptcy
Court for the Eastern District of Virginia, allowed the company to
pay its expenses up to the maximum amount of $293,000 from April 1
to July 31, 2016.

The court order also authorized the company to maintain a new
minimum balance of no less than $3.138 million in its
"debtor-in-possession" bank accounts.

               About Global Computer Enterprises

Global Computer Enterprises, Inc., doing business as GCE, is a
cloud-based "software as a service" provider, commonly referred to
as a "SAAS," offering financial management solutions primarily to
executive departments of the federal government and independent
federal government agencies.  GCE sought protection under Chapter
11 of the Bankruptcy Code (Case No. 14-13290, Bankr. E.D. Va.) on
Sept. 4, 2014.  The case is assigned to Judge Robert G. Mayer.

The Debtor's counsel is David I. Swan, Esq., at McGuirewoods LLP,
in McLean, Virginia.  The Debtor's financial advisor is Weinsweig
Advisors.  The petition was signed by Mike Freeman, interim chief
operating officer.

Judge Mayer designated Mike Freeman to perform duties imposed upon
GCE by the Bankruptcy Code.

The U.S. Trustee for Region 4 appointed three creditors of Global
Computer Enterprises, Inc. to serve on the official committee of
unsecured creditors.  The Committee tapped Armstrong Teasdale LLP,
as its counsel and Leach Travell Britt PC as its local bankruptcy
counsel.


GOODRICH PETROLEUM: Proposes Combined Plan & Disclosures Hearing
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas was
slated to hear April 18, 2016 at 3:30 p.m. Goodrich Petroleum's
"Emergency Motion For Entry of an Order (A) Scheduling a Combined
Disclosure Statement Approval and Plan Confirmation Hearing, (B)
Establishing a Plan and Disclosure Statement Objection Deadline,
(C) Approving the Solicitation Procedures, and (D) Approving the
Confirmation Hearing Notice."

Goodrich Petroleum filed together with its Chapter 11 petition a
Chapter 11 Plan of Reorganization and related Disclosure Statement.


Disclosure documents provide that the deadline to cast Plan votes
is May 6.

According to BankruptcyData.com, the Disclosure Statement provides
that, "The key components of the Plan are as follows: Payment in
full, in cash, of all Allowed Administrative Claims, Professional
Fee Claims, Priority Tax Claims, statutory fees, Other Priority
Claims, and Other Secured Claims. The Senior Credit Facility Claims
will have such treatment as is mutually agreed to by the Company,
the Holders of Senior Credit Facility Claims, and the Majority
Second Lien Noteholders that shall be set forth in the Plan
Supplement. Approximately $175 million of debt under the Second
Lien Notes will be converted for 100% of the New Goodrich Equity
Interests, subject to dilution from shares issued in connection
with the Management Incentive Plan
. . . . Holders of General Unsecured Claims will not receive a
distribution under the Plan."

Goodrich said in its news statement that, through the Chapter 11
restructuring, the Company will eliminate approximately $400
million in debt from its balance sheet, substantially deleverage
its capital structure and strategically position the Company for
long-term performance in an anticipated improving commodity price
environment.  The RSA eliminates all of the Company's prepetition
funded indebtedness other than its first lien reserve based loan
facility, which currently has approximately $40 million
outstanding, resulting in a significantly deleveraged balance sheet
upon the Company's emergence from the Chapter 11 bankruptcy
process.  The RSA also provides for the Company's executive
management team to remain with the Company, which will allow for
the Company's operations to continue as normal throughout the
court-supervised financial restructuring process, including the
payment of royalty and operating expenses.

Prior to the Chapter 11 filing, the Company attempted to
restructure its balance sheet through voluntary exchange offers,
with the latest effort unsuccessful due to the inability to get the
necessary approvals from its common stockholders, preferred
stockholders and unsecured noteholders.

A copy of the Debtors' Disclosure Statement is available at:

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

                          About Goodrich

Goodrich Petroleum Corporation is an independent oil and natural
gas company engaged in the exploration, development and production
of oil and natural gas on properties primarily in (i)  Southwest
Mississippi and Southeast Louisiana, which includes the Tuscaloosa
Marine Shale Trend, (ii) Northwest Louisiana and East Texas, which
includes the Haynesville Shale, and (iii) South Texas, which
includes the Eagle Ford Shale Trend.

Goodrich Petroleum and its subsidiary Goodrich Petroleum Company,
L.L.C. filed voluntary petitions on April 15, 2016, in the United
States Bankruptcy Court for Southern District of Texas to pursue a
pre-packaged Chapter 11 plan of reorganization.  The Debtors have
filed a motion with the Court seeking joint administration of the
Chapter 11 Cases under the caption In re Goodrich Petroleum
Corporation, et. al (Case No. 16-31975).

Goodrich estimated $50 million to $100 million in assets and $500
million to $1 billion in liabilities.  The petition was signed by
Robert C. Turnham, Jr., president and chief operating officer.

Bankruptcy Judge Marvin Isgur presides over the case.  

Bradley Roland Foxman, Esq., Garrick Chase Smith, Esq., Harry A.
Perrin, Esq., David S. Meyer, Esq., and Lauren R. Kanzer, Esq., at
Vinson & Elkins LLP, serve as the Debtors' counsel.  Lazard Freres
& Co. LLC, serves as the Debtors' investment banker while BMC
Group, Inc., serves as notice, claims and balloting agent.


GREAT BASIN: Reports Q1 Revenues and Customer Acquisition Results
-----------------------------------------------------------------
Great Basin Scientific, Inc., reported preliminary revenue results
for the first quarter 2016.  For the first quarter 2016, revenue
was $731,422, an increase of 59.4% over the first quarter of 2015.
The Company also reported that its customer base of revenue
generating customers grew to 222 as of March 31, 2016, an increase
of 119.8% over first quarter last year.  The company will provide
guidance for the 2016-2017 customer acquisition targets and menu
expansion on a call later today.

"We are extremely pleased with the Company's execution over the
last 12 months, including our ability to significantly grow our
customer base, develop and launch new tests, and the accelerating
growth in our revenues," said Ryan Ashton, co-founder and chief
executive officer of Great Basin.  "We're committed to building on
this momentum in 2016, by advancing the development of new
molecular tests and panels that will differentiate our platform and
increase potential revenue per customer.  We remain dedicated to
executing on the fundamentals that will serve both our target
market and our stockholders, and look forward to sharing these
plans during our Business Update call this afternoon."

Great Basin invites all interested parties to join the call by
dialing 877-407-0789.  The call will also be broadcast live over
the internet and can be accessed on the Investor Relations section
of the Company's Web site at http://www.gbscience.com/

                   About Great Basin Scientific

Great Basin Scientific (Nasdaq:GBSN) is a molecular diagnostics
company that commercializes breakthrough chip-based technologies.
The Company is dedicated to the development of simple, yet
powerful, sample-to-result technology and products that provide
fast, multiple-pathogen diagnoses of infectious diseases.  The
Company's vision is to make molecular diagnostic testing so simple
and cost-effective that every patient will be tested for every
serious infection, reducing misdiagnoses and significantly limiting
the spread of infectious disease.


GREYSTONE LOGISTICS: Incurs $200,528 Net Loss in Third Quarter
--------------------------------------------------------------
Greystone Logistics, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common stockholders of $200,528 on $5.28 million of
sales for the three months ended Feb. 29, 2016, compared to net
income attributable to common stockholders of $198,859 on $3.68
million of sales for the three months ended Feb. 28, 2015.

For the nine months ended Feb. 29, 2016, the Company reported a net
loss attributable to common stockholders of $314,263 on $15.3
million of sales compared to a net loss attributable to common
stockholders of $382,764 on $13.7 million of sales for the nine
months ended Feb. 28, 2015.

As of Feb. 28, 2016, Greystone had $19.97 million in total assets,
$21.3 million in total liabilities and a total deficit of $1.33
million.

Greystone had a working capital deficit of $(2,843,622) at
Feb. 29, 2016.  Excluding the note payable and accrued interest
payable totaling $4,455,741 to Robert B. Rosene, Jr., a member of
Greystone's board of directors, Greystone's working capital at Feb.
29, 2016, was $1,612,119.  To provide for the funding to meet
Greystone's operating activities and contractual obligations as of
Feb. 29, 2016, Greystone will have to continue to produce positive
operating results or explore various options including additional
long-term debt and equity financing.  However, there is no
guarantee that Greystone will continue to create positive operating
results or be able to raise sufficient capital to meet these
obligations.

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

                      http://is.gd/dHrQte

                   About Greystone Logistics

Tulsa, Okla.-based Greystone Logistics, Inc. (OTC BB: GLGI.OB -
News) -- http://www.greystonelogistics.com/-- manufactures and
sells plastic pallets through its wholly owned subsidiary,
Greystone Manufacturing, LLC.  Greystone sells its pallets through
direct sales and a network of independent contractor distributors.
Greystone also sells its pallets and pallet leasing services to
certain large customers direct through its President, Senior Vice
President of Sales and Marketing and other employees.


GUITAR CENTER: Moody's Hikes Corporate Family Rating to B2
----------------------------------------------------------
Moody's Investors Service upgraded Guitar Center, Inc.'s (GCI)
Corporate Family Rating to B2 from B3. The company's Probability of
Default rating was also upgraded, to B2-PD from B3-PD, along with
the company's senior secured and senior unsecured ratings, to B2
and Caa1, respectively. Moody's withdrew the SGL-3 Speculative
Grade Liquidity rating. The rating outlook is stable.

"The one-notch upgrade of GCI's Corporate Family Rating considers
our view that the expense and working capital improvements made by
the company during 2015 are sustainable and better position the
company to further improve its operating focus and lower its
financial risk," stated Keith Foley. A Senior Vice President at
Moody's.

The cash generated from margin improvements and working capital
enabled GCI to pay down debt and improve its leverage. While
leverage is still considered high -- lease adjusted leverage for
the latest 12-month period ended Dec 31. 2015 was about 6.2 times,
down from almost 8.0 times from the end of fiscal 2014 -- we
believe the company has the ability and willingness to reduce its
financial risk further," added Foley.

Ratings upgraded:

Corporate Family Rating, to B2 from B3

Probability of Default Rating, to B2-PD from B3-PD

$615 million 6.500% senior secured 1st lien notes due 2019, to
B2(LGD3) from B3(LGD3)

$325 million 9.625% senior unsecured notes due 2020, to Caa1(LGD5)
from Caa2(LGD5)

Ratings withdrawn:

SGL-3 Speculative Grade Liquidity Rating

RATINGS RATIONALE

GCI's B2 Corporate Family Rating considers the benefits afforded to
the company by its leading market position and very strong brand
awareness. GCI is also the largest customer for many musical
instrument manufacturers, which helps it obtain favorable terms
from its vendors. In addition to GCI's high financial risk, key
credit concerns include the very narrow retail segment that the
company operates in, and discretionary nature of its products. Also
considered is the possibility that large, well-known musical
equipment manufacturers will attempt to sell more directly to
retail customers as part of their overall business model.

The stable rating outlook anticipates that GCI will be able to fund
all of its debt service and capital expenditure requirements from
free cash flow, and that revolver borrowings will be limited to
working capital activity. The stable outlook also recognizes that
GCI does not have any meaningful near-term debt maturities until
2019.

A higher rating would require GCI to achieve and maintain
debt/EBITDA of at least 4.5 times and interest coverage above 2.5
times.

Ratings could be downgraded if GCI's debt/EBITDA increases to or
above 7.0 times, EBITDA/interest falls below 1.1 times, and/or if
the company's liquidity materially weakens for any reason.

GCI is the largest retailer of music products in the United States
based on revenues. Guitar Center, Inc. is a wholly-owned subsidiary
of Guitar Center Holdings, Inc. All of the company's operating
activities are conducted out of Guitar Center, Inc. and its
wholly-owned subsidiaries. Net sales for the latest 12-month period
ended Sep. 30, 2015 were about $2.2 billion. GCI is a private
company and does not publicly disclose detailed financial data.


HALYARD HEALTH: S&P Puts 'BB' CCR on CreditWatch Negative
---------------------------------------------------------
Standard & Poor's Ratings Services placed all of its ratings on
Halyard Health Inc., including the 'BB' corporate credit rating,
the 'BB' rating on the senior secured debt, and the 'B+' rating on
the senior unsecured debt, on CreditWatch with negative
implications.

The CreditWatch placement follows the announcement that Halyard
plans to acquire CORPAK MedSystems (Corpak).  "We estimate that the
transaction would result in adjusted net leverage remaining in the
3.0x to 4.0x range for 2016, which contrasts with our prior
expectation for the company deleveraging to below 3.0x," said
Standard & Poor's credit analyst Lucas Taylor.

Although the proposed transaction modestly improves Halyard's scale
and growth profile, the increase in financial leverage outweighs
the benefits to business position, and S&P expects to lower the
ratings by one notch.

While S&P believes Halyard can reduce adjusted net leverage below
3.0x within two years, S&P is skeptical about Halyard's commitment
to doing so, and how it would balance that goal against other
competing priorities including growth through acquisitions.

S&P expects to resolve the CreditWatch placement upon the
consummation of the transaction, or once the company's receives
necessary approvals.



HARLEM PARK HOLDINGS: Public Auction Slated for April 20
--------------------------------------------------------
Under Section 9-610 of the New York State Uniform Commercial Code,
1800 Mezz Note Owner ("Lender") will offer for sale or cause to be
sold at public auction and sold to the highest bidder all of the
right, title and interest of Harlem Park Holdings LLC and lender in
and to all regular limited liability company interest of Harlem
Member in Harlem Park Acquisition LLC, together with certain other
ancillary rights and collateral, all as detailed in that certain
pledge and security agreement dated Sept. 30, 2013, as the same may
have been amended, restated of modified.

The sale will take place at the offices of Rosenberg & Estis, P.C.,
733 Third Avenue, 12th Floor, New York, New York 10017.  Mannion
Auctions LLC by William Mannion, NYC DCA lic. #796322.

Harlem Park Acquisition's principal asset is the real property
located at 1800 Park Avenue, New York, New York.

Interested parties who would like additional information regarding
the collateral, the requirements to be a bidder for the collateral,
or the terms of the sale should contact:

a) the agent for the lender:

   Eastdil Secured
   40 West 57th Street, 22nd Floor
   New York, New York 10019
   Attention: Adam J. Spies, Sr. Managing Director
              Douglas L. Harmon, Sr. Managing Director
              Jean Celestin, Jr., Managing Director
   Tel: (212) 315-7200
   Fax: (212) 315-3602
   Email: 1800parkavenue@eastdilsecured.com

   -- or --

b) lender's counsel:

   Rosenberg & Estis, P.C.
   733 Third Avenue
   New York, New York 10017
   Attention: Michael E. Leftkowitz, Esq.
   Tel: (212) 551-8436
   Email: mlefkowitz@rosenbergestis.com


HCSB FINANCIAL: Castle Creek, et al., Own 9.9% Stake as of April 11
-------------------------------------------------------------------
In a Schedule 13D filed with the Securities and Exchange
Commission, Castle Creek Capital Partners VI, LP, et al., disclosed
that as of April 11, 2016, they beneficially own 35,968,163 shares
of common stock of HCSB Financial Corporation representing 9.9
percent of the shares outstanding.  A copy of the regulatory filing
is available at no charge at http://is.gd/es2pMP

                      About HCSB Financial

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

HCSB Financial reported a net loss available to common shareholders
of $1.75 million on $13.7 million of total interest income for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $1.40 million on $16.09 million of total
interest income for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, HCSB Financial had $362 million in total
assets, $374 million in total liabilities and a total shareholders'
deficit of $12.3 million.

Elliott Davis Decosimo, LLC, in Columbia, 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 that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation (FDIC) that requires, among
other provisions, capital ratios to be maintained at certain
levels.  As of December 31, 2015, the Company's subsidiary is
considered significantly undercapitalized based on its regulatory
capital levels.  These considerations raise substantial doubt about
the Company's ability to continue as a going concern.  The Company
also has deferred interest payments on its junior subordinated
debentures for 20 consecutive quarters as of December 31, 2015.
Under the terms of the debentures, the Company may defer payments
for up to 20 consecutive quarters without creating a default.
Payment for the 20th quarterly interest deferral period was due in
March 2016.  The Company failed to pay the deferred and compounded
interest at the end of the deferral period, and the trustees of the
corresponding trusts, have the right, after any applicable grace
period, to exercise various remedies, including demanding immediate
payment in full of the entire outstanding principal amount of the
debentures.  The balance of the debentures and accrued interest as
of December 31, 2015 were $6,186,000 and $901,000, respectively.
These events also raise substantial doubt about the Company's
ability to continue as a going concern as of December 31, 2015.


HCSB FINANCIAL: Names Jan Hollar Chief Executive Officer
--------------------------------------------------------
Jan H. Hollar was appointed as the chief executive officer and a
director of HCSB Financial Corporation and the Bank, effective as
of April 11, 2016, according to a Form 8-K report filed with the
Securities and Exchange Commission.

The Company previously announced that James R. Clarkson would
retire as the president, chief executive officer and as a director
of the Company and the Bank, effective as of the closing of the
private placement, and would enter into a consulting and
non-compete agreement with the Company and the Bank, subject to the
receipt of any necessary regulatory approvals or non-objections.
Mr. Clarkson has agreed to stay on with the Company and the Bank as
an employee on a temporary basis.  Effective as of the closing of
the private placement, Mr. Clarkson resigned from the boards of
directors of the Company and the Bank.

                      About HCSB Financial

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

HCSB Financial reported a net loss available to common shareholders
of $1.75 million on $13.7 million of total interest income for the
year ended Dec. 31, 2015, compared to a net loss available to
common shareholders of $1.40 million on $16.09 million of total
interest income for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, HCSB Financial had $362 million in total
assets, $374 million in total liabilities and a total shareholders'
deficit of $12.3 million.

Elliott Davis Decosimo, LLC, in Columbia, 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 that have eroded regulatory
capital ratios and the Company's wholly owned subsidiary, Horry
County State Bank, is under a regulatory Consent Order with the
Federal Deposit Insurance Corporation (FDIC) that requires, among
other provisions, capital ratios to be maintained at certain
levels.  As of December 31, 2015, the Company's subsidiary is
considered significantly undercapitalized based on its regulatory
capital levels.  These considerations raise substantial doubt about
the Company's ability to continue as a going concern.  The Company
also has deferred interest payments on its junior subordinated
debentures for 20 consecutive quarters as of December 31, 2015.
Under the terms of the debentures, the Company may defer payments
for up to 20 consecutive quarters without creating a default.
Payment for the 20th quarterly interest deferral period was due in
March 2016.  The Company failed to pay the deferred and compounded
interest at the end of the deferral period, and the trustees of the
corresponding trusts, have the right, after any applicable grace
period, to exercise various remedies, including demanding immediate
payment in full of the entire outstanding principal amount of the
debentures.  The balance of the debentures and accrued interest as
of December 31, 2015 were $6,186,000 and $901,000, respectively.
These events also raise substantial doubt about the Company's
ability to continue as a going concern as of December 31, 2015.


HOUSTON GRANITE: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Houston Granite and Marble Center LLC
        9500 Hempstead Hwy
        Houston, TX 77092

Case No.: 16-31994

Chapter 11 Petition Date: April 16, 2016

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

Judge: Hon. Jeff Bohm

Debtor's Counsel: Matthew Louis Pepper, Esq.
                  ATTORNEY AT LAW
                  25211 Grogans Mill Rd, Ste 450
                  The Woodlands, TX 77380
                  Tel: 281-367-2266
                  E-mail: pepperlaw@msn.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by John Sykoudis, president.

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


HOVENSA LLC: $3,038 Claim Sold to Liquidity Solutions
-----------------------------------------------------
In the Chapter 11 cases of Hovensa, L.L.C., one claim switched
hands in February 2016:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Liquidity Solutions, Inc.  Transportation Equipment   $3,038.00
One University Plaza       P.O. Box 351089
Suite 312                  Jacksonville, FL 32235-1089
Hackensack, NJ 07601

                          About Hovensa

Hovensa, L.L.C., produces and markets refined petroleum products.
The Company offers gasoline, diesel, home heating oil, jet fuel,
kerosene, and residual fuel oil.  Hovensa serves customers
throughout North America.

Hovensa L.L.C. filed a Chapter 11 bankruptcy petition in the U.S.
Bankruptcy Court for the District of the Virgin Islands (Bankr. D.
V.I. Case No. 15-10003) on Sept. 15, 2015.  The petition was signed
by Sloan Schoyer as authorized signatory.  The Debtor has estimated
assets of $100 million to $500 million, and liabilities of more
than $1 billion.

Judge Mary F. Walrath is assigned to the case.  The Law Offices of
Richard H. Dollison, P.C., serves as the Debtor's counsel.  Prime
Clerk LLC is the Debtor's claims and noticing agent.  Alvarez &
Marsal North America, LLC to provide Thomas E. Hill as chief
restructuring officer, effective Sept. 15, 2015 petition date.

The U.S. Trustee appointed five creditors to serve on the committee
of creditors holding unsecured claims.

                      *     *     *

The effective date of Hovensa LLC's Chapter 11 plan occurred on
Feb. 17, 2016, and the official committee of unsecured creditors
was dissolved.


HUNTINGTON INGALLS: Fitch Affirms 'BB+' Issuer Default Rating
-------------------------------------------------------------
Fitch Ratings has affirmed Huntington Ingalls Inc.'s (HII) Issuer
Default Rating (IDR) at 'BB+', senior secured facilities at
'BBB-/RR1', and senior unsecured notes at 'BB+/RR4'. Fitch's
ratings currently cover approximately $1.3 billion of long-term
debt. The Rating Outlook is Stable.

KEY RATING DRIVERS

The ratings are supported by HII's strong operating performance and
cash generation over the past several years; solid liquidity; large
and highly visible backlog; and strong credit metrics for the
current ratings, which mitigates the company's nearly 100% exposure
to the U.S. government's military spending. The company has the
financial strength to withstand significant revenue and profit
pressures. The company's Newport News operations are strategically
important to the U.S.'s security policy and defense infrastructure,
and the majority of the company's products have a significant role
in the U.S. Navy's 30-year shipbuilding plan.

The company had gross leverage of 1.3x at the end of 2015, down
from 1.9x and 2.3x at the end of 2014 and 2013, respectively. HII
significantly improved its leverage metrics in 2015 due to higher
EBITDA (as calculated by Fitch) margins and the repayment of
outstanding senior secured term loans. Fitch expects the company's
leverage will remain stable over the next several years. HII's
EBITDA margins have improved annually over the past four years and
reached 15.1% in 2015, up from 13.2% and 11.3% in 2014 and 2013,
respectively. The company's operating margins were partially aided
by the settlement of the Aon litigation in 2015, and Fitch expects
HII's EBITDA margins will stabilize going forward and will remain
in the range of 13% to 14% over the rating horizon.

HII generated $828 million of cash from operating activities (CFO)
and $559 million of free cash flow (FCF: CFO less capex and
dividends) in 2015, up from $716 million and $502 million at the
end of 2014, respectively. Fitch expects HII's will generate $200
million to $250 million of FCF in 2016, down from 2015 levels
mostly due to higher net working capital requirements and an
anticipated increase in capital expenditures (CapEx).

HII focuses its cash deployment on distributions towards
shareholders in the form of share repurchases and dividends (net
$313 million in 2015), CapEx ($188 million) and qualified pension
contributions ($99 million). The company announced a plan to
significantly increase its CapEx, and Fitch anticipates that HII's
annual CapEx will be higher than $300 million in both 2016 and
2017. Fitch expects annual distributions towards shareholders will
be stable over the next several years, remaining in the range of
$300 million to $350 million. The company has set a policy of
returning most its pre-dividend FCF to shareholders over the next
few years, including annually raising the dividend by at least 10%.
Fitch expects the company's qualified pension contributions will
remain steady in the range of $125 million to $175 million over the
rating horizon.

Rating concerns include HII's significant exposure to program
execution risk as evidenced by the underperformance of its Ingalls
segment in 2011 and 2012 due to troubles with LPD and LHA ships;
large annual net working capital swings; significant annual cash
flow fluctuations related to the timing of pension cost
reimbursements from the U.S. government; and program concentration.
HII generates nearly all of its revenues from the U.S. government,
exposing the company to changes in plans regarding the fleet needs
of the Department of Defense (DoD) and the Department of Homeland
Security.

Fitch is also concerned by the large underfunded status of the
company's defined benefit pension plans. At the end of 2015, HII's
pension plans were underfunded by approximately $1 billion
(approximately 82% funded), a slight deterioration from $940
million deficit (83% funded) deficit at the end of 2014. The
deterioration is largely due to the negative return on the plan's
assets, which more than offset HII's $99 million contribution to
the qualified plans. The pension benefit obligation (PBO) was $5.6
billion at the end of 2015, while the other postretirement benefit
obligation was $566 million. While HII is not required to make
minimum contributions in 2016, it plans to make a $173 million
discretionary contribution to its qualified pension plans.

The pension deficit and required contributions are mitigated by
expected reimbursements from the U.S. government which treats most
of HII's pension costs as allowable and reimbursable. The company
estimates that its cash contributions will be fully offset by the
CAS recovery, and the company will have $88 million net cash inflow
related to its pension funding and other post-retirement benefits
contributions in 2016.

The notching up of the senior secured credit facility by one rating
level from the IDR of 'BB+' to 'BBB-' is supported by the coverage
provided by HII's tangible assets and operating EBITDA compared to
the fully drawn facility. The collateral for the facility includes
substantially all of HII's assets with the exception of the
Avondale shipyard and a few other exclusions.

KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for HII include:

-- Flat revenues over the next two years with a modest increase
    in 2018;

-- EBITDA margins in the range of 13% to 14%;

-- Combined net share repurchases and dividend payments over the
    next several years will be consistent with 2015;

-- Capital expenditures will be in the range of 3.5% to 4.5% of
    revenues;

-- Debt levels will remain steady;

-- HII will not make acquisitions in the near future;

-- Pension contributions will be a small portion of the company's

    cash deployment and will be less than 20% of funds from
    operations (FFO).

RATING SENSITIVITIES

Fitch may consider a positive rating action if the company's
leverage and FFO adjusted leverage remain in the range of
1.25x-1.5x and 2x-2.5x for a sustained period of time,
respectively. A positive rating action would also depend on clarity
of the company's future financial policies and its commitment to
maintaining investment grade ratings.

Given low diversification and exposure to project execution risks,
Fitch expects the company would need to maintain stronger than
average credit metrics and financial flexibility in order to obtain
investment-grade ratings.

A negative rating action is not likely in the near future; however,
it would be considered should the company's leverage and FFO
adjusted leverage increase and remain above 2.5x and 3.5x,
respectively. Fitch may also consider a negative rating action if
the company engages in significant debt funded acquisitions or
experiences significant losses due to operating challenges on its
programs.

LIQUIDITY

The company has a strong liquidity position. As of Dec. 31, 2015,
HII had liquidity of $2.1 billion, including $894 million in cash
and $1.2 billion of availability under its revolver. In 2015, HII
restated and amended its senior secured revolving credit facility
and increased its size from $650 million to $1.25 billion. The
revolver includes a LoC sublimit of $500 million and the majority
of the facility's covenants remained the same as the original 2011
agreement. The company has a favorable maturity schedule with no
material maturities until 2021 when $600 million senior unsecured
notes become due.

FULL LIST OF RATING ACTIONS

Fitch has affirmed the following ratings:

Huntington Ingalls Industries, Inc.

-- IDR at 'BB+';
-- Senior secured credit facilities at 'BBB-/RR1';
-- Senior unsecured notes at 'BB+/RR4'.

The Rating Outlook is Stable.


HYPNOTIC TAXI: Asks Court to Extend Solicitation Period to July 15
------------------------------------------------------------------
Hypnotic Taxi LLC and its debtor-affiliates ask Bankruptcy Judge
Carla E. Craig to further extend the exclusive period during which
they may solicit acceptances to their Joint Plan of Reorganization,
dated March 14, 2016.

Pursuant to the Court's Order, dated January 19, 2016, the Debtors'
exclusive periods to  file a chapter 11 plan and seek acceptances
and rejections thereof expire on March 18, 2016 and May 17, 2016,
respectively.  The Debtors filed the Plan ahead of the March 18,
2016 filing deadline but the current hearing on the disclosure
statement is scheduled for May 4, 2016, only 13 days prior to the
deadline to solicit acceptances.  Even assuming that the disclosure
statement is approved following the May 4 hearing, it is impossible
to solicit acceptances within 13 days, the Debtors said.
Accordingly, the Debtors seek an additional 60-day extension of the
exclusive period to solicit acceptances to the Plan to July 15,
2016.  Unless extended, the Debtors' current exclusive solicitation
period will expire on May 17, 2016.

Prior to the Petition Date, in January 2012, each of the Debtors
became obligated to Citibank, N.A. with respect to a separate loan
made by Citibank to each of the Debtors.  Each of the Debtors
executed its own separate and distinct promissory note in the
principal amount set forth in the Debtors' schedules.  Pursuant to
each of the notes, each of the Debtors was required to make monthly
payments, which included a payment towards the principal amount and
interest.

The operation of the Debtors' Medallions and related Taxi Vehicles
is done through the following four non-debtor Management Companies:
(i) 28th Street Management, Inc.  - 313 10th Avenue, New York, NY
10001 ("28th Street"), (ii) Downtown Taxi Management, LLC - 330
Butler Avenue, Brooklyn, NY, ("Downtown"), (iii) Woodside
Management, Inc. ("Woodside") - 49-13 Roosevelt Avenue, Woodside,
NY 11377, and (iv) Tunnel Taxi Management, LLC ("Tunnel") - 44-07
Vernon Blvd, LIC, NY 11101.  The Management Companies lease the
Medallions and the related Taxi Vehicles directly from the
respective Debtor and operate them.  The Debtors are compensated
for this leasing arrangement by way of the lease payments from the
Management Companies.  The Management Companies' monthly base lease
obligation to the Debtors is equal to the Debtors' historical
monthly debt service on the Citi Loans.  

Pursuant to bankruptcy court Orders, the Management Companies make
the monthly Lease Payments directly to Citibank.  Further, the
Lease Payments have now been fixed pursuant to written agreements
between the Debtors and the Management Companies as approved by
this Court.

On March 6, 2015, Citibank commenced an action against the Debtors,
Evgeny Freidman -- the sole and managing member of the limited
liability company Debtors or president and sole shareholder of the
corporate Debtors -- and Bombshell Taxi LLC in the Supreme Court
for the State of New York, New York County, CITIBANK, N.A. v.
BOMBSHELL TAXI LLC, et al., Index No.: 650691/2015.  On July 29,
2015, the Debtors filed a notice of removal of the Citi Action from
the Supreme Court to the United States District Court for the
Southern District of New York (Case No. 15-cv-05938, Rakoff, D.J.)
On or around August 3, 2015, the Debtors filed a motion to transfer
venue of the Citi Action from the United States District Court for
the Southern District of New York to the United States District
Court for the Eastern District of New York.  That motion was
granted on August 21, 2015, and the Citi Action was transferred to
the Eastern District of New York (Case No. 15-cv-05037, Chen,
D.J.).  On October 13, 2015, the Debtors filed a motion to refer
the Citi Action to the Bankruptcy Court, which motion was granted
on October 21, 2015.

The Citi Action was first docketed with this Court on November 5,
2015 (Adv. Pro. No. 15-1185).  Almost immediately upon its
docketing, Citibank filed a motion for an order remanding the case
back to the State Court or this Court's abstention from hearing the
matter, and a motion for a temporary restraining order and
attachment of Evgeny Freidman's assets in connection with his
guaranty of the Citi Loans.

On November 30, 2015, after significant discovery and litigation,
the Court referred Citibank and Evgeny Freidman to mediation and
appointed the Honorable Elizabeth S. Stong, United States
Bankruptcy Judge, as the mediator.  On January 8, 2016, it became
clear that the Mediation would not lead to an immediate resolution
and on January 12, 2016, the Bankruptcy Court entered a Decision
after Trial authorizing Citibank's attachment of certain real
estate assets.

The Citi Action is ongoing and there are currently numerous
unresolved matters and issues including: (i) Citibank's motion for
summary judgment against all guarantors; (ii) the motion by various
third party trusts challenging the Attachment and TRO, and
significant discovery disputes regarding same; (iii) Citibank's
claims against the Debtors on the medallion loans that are not the
subject of Citibank's summary judgment motion; and (iv) the
Debtors' and other defendants' counterclaims asserted against
Citibank.

On March 14, 2016, the Debtor filed the Plan and the Disclosure
Statement in Support of the Plan.  The hearing to consider approval
of the Disclosure Statement is presently scheduled for May 4, 2016,
just 13 days prior to the May 17, 2016 deadline to solicit
acceptances of the Plan.

On March 23, 2016, just 9 days after the Debtors filed their Plan,
Citibank filed a motion for relief from the stay or for dismissal
of 15 of the Debtors' cases.  The Debtors intend to aggressively
oppose that motion.  If the motion were granted, it would undermine
the architecture of the current Plan and force the Debtors back to
the drawing board in terms of devising an exit strategy.   

A hearing on the Motion to Extend is set for May 4, 2016, at 3:30
p.m.  Objections are due April 27, 2016.

                     About Hypnotic Taxi

Hypnotic Taxi LLC and 21 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. E.D.N.Y. Lead Case No. 15-43300) on
July 22, 2015.  The petition was signed by Evgeny Freidman as sole
and managing member.

The Debtors are either limited liability companies or corporations
organized under the laws of the State of New York.  The Debtors
maintain an office at 330 Butler Street, Brooklyn, New York 11217.
The Debtors each own either two or three New York City Medallions
issued by the New York City Taxi and Limousine Commission ("TLC")
and related Taxi Vehicles.  The Debtors collectively own 46
Medallions and Taxi Vehicles.

Klestadt Winters Jureller Southard & Stevens LLP serves as the
Debtors' counsel.  Judge Carla E. Craig presides over the case.

The Debtors each own either two or three medallions issued by the
New York City Taxi and Limousine Commission that permit taxi
services to be performed by the Debtors.

Hypnotic Taxi LLC disclosed total assets of $1,941,314 and total
liabilities of $2,825,401 as of the Petition Date.

The U.S. Trustee for Region 2 appointed three creditors to serve
on
the official committee of unsecured creditors.  The Committee
tapped White & Williams LLP as counsel and EisnerAmper as its
accountants and financial advisors.


INFINITY ENERGY: RBSM LLP Raises Going Concern Doubt
----------------------------------------------------
Infinity Energy Resources, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $10.99 million for the year ended Dec. 31, 2015, compared
to a net loss of $3.68 million for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Infinity Energy had $4,154 in total assets,
$12.5 million in total liabilities and a total stockholders'
deficit of $12.5 million.

RBSM, LLP, in Leawood, Kansas, 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, has no on-going operations, is in default of its
obligations under the Nicaraguan oil and gas concessions and has a
significant working capital deficit, which 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/av8sxf

                    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.


INSITE CORPORATION: Court Dismisses Suit vs. Walsh Construction
---------------------------------------------------------------
In an Opinion and Order dated March 28, 2016, which is available at
http://is.gd/UNh69Gfrom Leagle.com, Judge Mildred Caban Flores of
the United States Bankruptcy Court for the District of Puerto Rico
denied Insite Corporation's motion for reconsideration, and,
considering that Insite withdrew the singular remaining cause of
action against Walsh Construction Company Puerto Rico regarding the
seizure of seized tools and materials, the adversary proceeding is
dismissed.

The adversary case is INSITE CORPORATION Plaintiff, v. WALSH
CONSTRUCTION COMPANY PUERTO RICO Defendant, Adversary Case No.
12-00281 (Bankr. D.P.R.).

The bankruptcy case is IN RE: INSITE CORPORATION, Chapter 11,
Debtor, Case No. 11-11209 (MCF)(Bankr. D.P.R.).

INSITE CORPORATION, Plaintiff, is represented by DAVID A. CARRION
BARALT, Esq.

WALSH COSNTRUCTION COMPANY, PUERTO RICO, Defendant, is represented
by PAUL T. DEVLIEGER, Esq. -- DeVLIEGER HILSER, PC.


JAKAYS SALON: Court Extends Plan Exclusivity to May 20
------------------------------------------------------
Hon. Gregory L. Taddonio of the United States Bankruptcy Court for
the Western District of Pennsylvania granted the request of JaKay's
Salon and Day Spa, Inc., to extend the period within which the
Debtor has the exclusive right to file a Chapter 11 Plan and
Disclosure Statement.  Specifically, the Court ruled that:

     -- The deadline for the Debtor to file a Chapter 11 Plan and
Disclosure Statement in this case is extended to May 20, 2016; and


     -- The Debtor's exclusivity period to file a Chapter 11 Plan
and Disclosure Statement is extended until May 20, 2016.    

JaKay's Salon & Day Spa, Inc., filed a Chapter 11 petition (Bankr.
W.D. Penn. Case No. 15-23478) on September 23, 2015, listing under
$1 million in both assets and liabilities.  A copy of the petition
is available at http://bankrupt.com/misc/pawb15-23478.pdf The
Debtor is represented by Christopher M. Frye, Esq., at STEIDL &
STEINBERG.


JAMES HALLIDAY LLC: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: James W. Halliday, Jr., DMD, LLC
        908 Highland Avenue, Suite 2
        Kenai, AK 99611

Case No.: 16-00088

Nature of Business: Health Care

Chapter 11 Petition Date: April 14, 2016

Court: United States Bankruptcy Court
       District of Alaska (Anchorage)

Debtor's Counsel: David H. Bundy, Esq.
                  DAVID H. BUNDY, PC
                  310 K Street, Suite 200
                  Anchorage, AK 99501
                  Tel: (907) 248-8431
                  Fax: (907)248-8434
                  E-mail: dhb@alaska.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by James W. Halliday, managing member.

A list of the Debtor's 15 largest unsecured creditors is available
for free at http://bankrupt.com/misc/akb16-00088.pdf


JAY PEAK: SEC Case Freezes Assets of Ski Resort
-----------------------------------------------
The Securities and Exchange Commission today announced fraud
charges and an asset freeze against a Vermont-based ski resort and
related businesses allegedly misusing millions of dollars raised
through investments solicited under the EB-5 Immigrant Investor
Program.  The SEC's case was unsealed today in federal court in
Miami, and the court has appointed a receiver over the companies to
prevent any further spending of investor assets.

The SEC alleges that Ariel Quiros of Miami, William Stenger of
Newport, Vt., and their companies made false statements and omitted
key information while raising more than $350 million from investors
to construct ski resort facilities and a biomedical research
facility in Vermont.  Investors were told they were investing in
one of several projects connected to Jay Peak Inc., a ski resort
operated by Quiros and Stenger, and their money would only be used
to finance that specific project.  Instead, in Ponzi-like fashion,
money from investors in later projects was misappropriated to fund
deficits in earlier projects.  More than $200 million was allegedly
used for other-than-stated purposes, including $50 million spent on
Quiros's personal expenses and in other ways never disclosed to
investors.

According to the SEC's complaint, Quiros improperly tapped investor
funds for such things as the purchase of a luxury condominium,
payment of his income taxes and other taxes unrelated to the
investments, and acquisition of an unrelated ski resort.

"The alleged fraud ran the gamut from false statements to deceptive
financial transactions to outright theft," said Andrew Ceresney,
Director of the SEC's Division of Enforcement.  "As alleged in our
complaint, the defendants diverted millions of EB-5 investor
dollars to their own pockets, leaving little money for construction
of the research facility investors were told would be built and
thereby putting the investors' funds and their immigration
petitions in jeopardy."

The SEC's complaint charges Quiros, Stenger, Jay Peak, and a
company owned by Quiros called Q Resorts Inc. as well as seven
limited partnerships and their general partner companies with
violating the antifraud provisions of Section 17(a) of the
Securities Act of 1933 and Section 10(b) of the Securities Exchange
Act of 1934 and Rule 10b-5.  Four other companies are named as
relief defendants in the SEC's complaint for the purpose of
recovering investor funds transferred into their accounts.  The SEC
seeks preliminary and permanent injunctions, financial penalties,
and disgorgement of ill-gotten gains plus interest.  The agency
also seeks conduct-based injunctive relief against Quiros and
Stenger along with an officer-and-director bar against Quiros.

The SEC's investigation was conducted by Brian Theophilus James,
Trisha D. Sindler, Michelle Lama, and Mark Dee, and the case was
supervised by Chedly C. Dumornay of the Miami Regional Office.  The
SEC's litigation will be led by Christopher Martin and Robert K.
Levenson of the Miami office.  The SEC appreciates the assistance
of the Office of the Vermont Attorney General and other authorities
in Vermont.


JEFFREY GOURLEY: Excessive Spending Doom's Ch. 7
------------------------------------------------
Diane Davis, writing for Bloomberg Brief, reported that the Chapter
7 bankruptcy filing of a couple who had the ability to pay their
creditors, reaffirmed the debt on a camper, and purchased a newer
vehicle on the eve of bankruptcy is an abuse of the bankruptcy
process and should be dismissed, a bankruptcy court in Iowa held
April 4.

According to the report, Chief Judge Thad J. Collins of the U.S.
Bankruptcy Court for the Northern District of Iowa agreed with the
U.S. Trustee that the totality of the circumstances demonstrates
abuse under Section 707(b)(1) of the Bankruptcy Code, and the case
should be dismissed unless the debtors file a motion to convert the
case to one under Chapter 13 within 21 days.

The report pointed out that in Chapter 7 bankruptcy, a debtor's
nonexempt assets are liquidated and the proceeds are distributed to
creditors.  Chapter 13 bankruptcy allows individuals receiving
regular income to obtain debt relief while retaining their
property.  To do so, the debtor must propose a plan that uses
future income to repay a portion of his or her debts over a three
to five year period, the report further pointed out.

Robert J. Murphy represented debtors Jeff and Susan Gourley; Sheryl
Schnittjer, Delhi, Iowa, represented the trustee; John Schmillen
represented the United States Trustee Daniel M. McDermott, Cedar
Rapids, Iowa.


JOYCE LESLIE: $58,000 in Claims Sold to DACA VI
-----------------------------------------------
In the Chapter 11 case of Joyce Leslie, Inc., two claims switched
hands in February 2016:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
    DACA VI LLC           Amici Accessories Ltd.     $49,820.51
    1565 Hotel Circle S
    #310, San Diego
    CA 92108

    DACA VI LLC          Royal Fashion Group, LLC     $8,225.22
    1565 Hotel Circle S
    #310, San Diego
    CA 92108

                       About Joyce Leslie

Joyce Leslie, Inc., operates a chain of 47 women's retail clothing
stores located throughout New York, New Jersey, Pennsylvania and
Connecticut.  It filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 16-22035) on Jan. 9, 2016.  The petition was
signed by Lee Diercks as chief restructuring officer.  The Debtor
disclosed total assets of $7 million and total debts of $9
million.

Judge Robert D. Drain has been assigned the case.

The Debtor has engaged Goldberg Weprin Finkel Goldstein LLP as
counsel, Clear Thinking Group as financial advisor, Oberon
Securities, LLC, as investment advisor, SB Capital Group LLC,
Tiger Capital Group, LLC, and 360 Merchant Solutions, LLC, as
liquidation agents and Rust Consulting/Omni Bankruptcy as claims
and noticing agent.

An official committee of unsecured creditors has been appointed in
the case.


JUNIPER GTL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Juniper GTL LLC
        3 Riverway, Suite 1050
        Houston, TX 77056

Case No.: 16-31959

Type of Business: Operator of a "gas-to-liquids" facility

Chapter 11 Petition Date: April 14, 2016

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

Judge: Hon. Marvin Isgur

Debtor's Counsel: Mark W Wege, Esq.
                  KING & SPALDING LLP
                  1100 Louisiana, Ste 4000
                  Houston, TX 77002
                  Tel: 713-751-3200
                  Fax: 713-751-3290
                  E-mail: MWege@kslaw.com

Debtor's          
Noticing
and Balloting
Agent:            DONLIN, RECANO & COMPANY, INC.

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by David Rush, chief restructuring
officer.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Richard Construction, Inc.           Trade Debt       $17,559,718
750 Pearl Street
Beaumont, TX 77701
Mike Krautz
Tel: (409) 832-7827
Email: mike.krautz@rig-rds.com

Richard Design Services, Inc.        Trade Debt        $6,932,796
750 Pearl Street
Beaumont, TX 77701
Mike Krautz
Tel: (409) 832-7827
Email: mike.krautz@rig-rds.com

Parfab Field Services, LLC           Trade Debt        $3,372,377
15615 E. 590 Road
Inola, OK 74036
Alvin Moore
Tel: (918) 543-6310
Email: Amoore@parfabusa.com

J.P. Morgan Ventures Energy          Investment        $2,500,000
Corporation                         Banking Fee
383 Madision Ave. 10th Floor
New York, NY 10179
Anthony Licata
Tel: (212) 623-3573
Email:
EBMS.Settlements.bmth@jpmorgan.com

Heatec, Inc.                         Trade Debt          $922,660  
                
5200 Wilson Road
Chattanooga, TN 37410
Adriano Dos Santos
Tel: (423) 821-7673
Email: Asantos@heatec.com

York International, Johnson Controls Trade Debt          $658,990
100 CV Avenue
Waynesboro, PA 17268
Bob Fahey
Tel: (717) 765-2510
Email: Robert.F.Fahey@JCI.com

Wesco Distribution, Inc.                 Trade Debt      $541,875
9400 North Royal Lane, Suite 100
Irving, TX 75063
Heather R. Kimmel (972)
Tel: 819-1970 (972) 819-1954
Email: Hkimmel@wesco.com

SPX Cooling Technologies                 Trade Debt      $514,261
7401 West 129th Street
Overland Park, KS 66213
Eric Lerdahl
Tel: (913) 664-7400
Email: eric.leardhal@spx.com

Clay & Dominique, LLC                    Trade Debt      $471,670
4755 East Napolean
Sulphur, LA 70663
Casey Jones
Tel: (337) 625-6801
Email: cjones@clayanddomingues.com

American Tank and Vessel, Inc.           Trade Debt      $458,366
1005 Government St.
Mobile, Al 36604
Justin Cutts
Tel: (251) 432-8265
Email: jbcutts@atvmob.com

Yokogawa Corp. of America                Trade Debt      $368,764
12530 West Airport Blvd.
Sugar Land, TX 77478
Mike Taylor
Tel: (281) 340-3800
Email: mike.taylor@us.yokogawa.com

Wholesale Elec. Supply Co.               Trade Debt      $341,036
4040 Gulf Freeway
Houston, TX 77004
Gwen Bouzigard
Tel: (713) 748-6100 Ext 272
Email: gbouzigard@wholesaleelectric.com

Layne Christensen Co.                     Trade Debt     $328,178
202 West Louisiana Avenue
Rayne, LA 70578
David Meche
Tel: (337) 334-3126
Email: david.meche@layne.com

Smith Tank & Equipment Co.                Trade Debt     $312,508
P.O. Box 2014
Tyler, TX 75710
James W. Blair, Jr.
Tel: (903) 597-5541
Email: jb1@smithtank.com

Smithco Engineering Inc.                  Trade Debt     $269,804
P.O. Box 2014
Tyler, TX 75710
Scott Edwards
Tel: (918) 388-0339
Sedwards@smithco-Eng.com

Revak Engineering                        Trade Debt      $239,102
20 Bay Harbor Drive
La Porte, TX 77571
Lynn Revak
Tel: (281) 471-5958
Email: Larevak@comcast.net

Linde Engineering N. AM                  Trade Debt      $196,693
Email: Alfredo.gibbs@linde-le.com

Apache Industrial Services               Trade Debt      $192,581
Email: Ddorris@apacheip.com
       Dpatrick@apacheip.com

Shroff & Associates (Engineers)          Trade Debt      $169,400
Pvt. Ltd.
Email: Pankaj.Shroff@shroffindia.com

Pyramid Instrumentation & Electrical     Trade Debt      $153,742
Corporation
Email: RWichuk@ptwenergy.com


KU6 MEDIA: Reports $2.05 Million Net Loss for 2015
--------------------------------------------------
Ku6 Media Co., Ltd. filed with the Securities and Exchange
Commission its annual report on Form 20-F disclosing a net loss of
$2.05 million on $10.90 million of total net revenues for the year
ended Dec. 31, 2015, compared to a net loss of $10.72 million on
$8.58 million of total net revenues for the year ended Dec. 31,
2014.

As of Dec. 31, 2015, KU6 Media had $9.01 million in total assets,
$14.49 million in total liabilities and a total shareholders'
deficit of $5.48 million.

PricewaterhouseCoopers Zhong Tian LLP, in Shanghai, the People's
Republic of China, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2015,
citing that facts and circumstances including recurring losses,
negative working capital, net cash outflows, and uncertainties
associated with significant changes made, or planned to be made, in
respect of the Company's business model raise substantial doubt
about the Company's ability to continue as a going concern.

A full-text copy of the Form 20-F is available for free at:

                    http://is.gd/OjtoDW

                      About Ku6 Media

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


LATEX FOAM: Seeks June 7 Extension to Apply for Final Decree
------------------------------------------------------------
Latex Foam International, LLC, and its affiliated debtors asked the
U.S. Bankruptcy Court for the District of Connecticut, Bridgeport
Division, to extend their March 31, 2016 deadline to file an
application for final decree closing its Chapter 11 to June 30,
2016.  They contend that they require additional time due to
pending objections to claims.

Latex Foam International's attorneys:

          James Berman, Esq.
          ZEISLER & ZEISLER, P.C.
          10 Middle Street
          15th Floor
          Bridgeport, CT 06604
          Telephone: (203)368-4234
          Facsimile: (203)549-0960
          E-mail: jberman@zeislaw.com

                  About Latex Foam International

Headquartered in Shelton, Connecticut, Latex Foam International,
LLC manufactures foam mattresses and component mattresses.  The
196-employee company produces mattress cores, toppers, and pillow
buns utilizing both the Talaway and Dunlop manufacturing
processes.

LFIH is a holding company for 100% of the equity interests in LFI,
PLB, and an inactive entity, Dunlop Latex Foam (Malaysia) SDN.
BHD.

LFI and four affiliates sought Chapter 11 bankruptcy protection
(Bankr. D. Conn. Lead Case No. 14-50845) in Bridgeport,
Connecticut, on May 30, 2014.  David Fisher signed the petitions
as
president.  The Debtors are seeking joint administration of their
cases.

LFI disclosed $18,437,185 in assets and $30,342,926 in liabilities
as of the Chapter 11 filing.

Judge Alan H.W. Shiff presides over the cases.

James Berman, Esq., and Craig I. Lifland, Esq., at Zeisler and
Zeisler, serve as the Debtors' counsel.

On June 19, 2014, the U.S. Trustee appointed five creditors to
serve on the Official Committee of Unsecured Creditors.   The
Committee tapped to retain Schafer and Weiner, PLLC as its
counsel,
and Reid and Reige, P.C. as its local counsel.


LATTICE INC: Rosenberg Rich Expresses Going Concern Doubt
---------------------------------------------------------
Lattice Incorporated filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
available to common shareholders of $5.55 million on $7.58 million
of revenue for the year ended Dec. 31, 2015, compared to a net loss
available to common shareholders of $1.82 million on $8.94 million
of revenue for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Lattice had $3.57 million in total assets,
$10.94 million in total liabilities and a total shareholders'
deficit of $7.36 million.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that

the Company has a working capital deficit and requires additional
working capital to meet its current liabilities.  These factors
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/5j5eyb

                       About Lattice Inc.

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


LIFE PARTNERS: Faces Rival Bankruptcy Plan from Vida Capital
------------------------------------------------------------
Tiffany Kary, writing for Bloomberg Brief, reported that Life
Partners Holdings Inc., which is reorganizing life insurance
investments in bankruptcy, wants to hold webinars to explain its
plans to investors as it faces a competing reorganization proposal
from Vida Capital Inc.

According to the report, Life Partners said in court papers on
April 7 that it wants to publish more information about its
proposed plan and hold webinars with investor-creditors after
receiving numerous requests for help in understanding its proposal
from some of its 20,000 stakeholders.  The company sold life
settlements, sometimes called death bonds, entitling the investor
to a payout if the insured person died, the report related.

Vida filed its proposal for a competing plan on April 5, the report
said.

                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.


LIME ENERGY: Appoints Bruce Torkelson as New CFO
------------------------------------------------
Lime Energy Co. and Mary Colleen Brennan mutually agreed that she
would be stepping down from her position as chief financial officer
of the Company, effective as of the close of business on May 13,
2016.  According to a regulatory filing with the Securities and
Exchange Commission, Ms. Brennan will continue to be employed by
the Company in a transitional role until May 31, 2016, at which
time she will leave the Company.  Ms. Brennan has served as the
Company's chief financial officer since joining the Company in
April 2014.

The Company and Ms. Brennan entered into a separation agreement
pursuant to which Ms. Brennan will receive the following payments
and benefits:

    (i) severance payments equal to her current base salary for a
        period of nine months, paid out pursuant to the Company's
        normal payroll practices;

   (ii) immediate vesting of her unvested stock option and
        unvested restricted stock awards;

  (iii) COBRA premiums for nine months for herself at the active
        employee rate for participation in the Company's medical
        expense plan; and

   (iv) on the Separation Date, the awards previously granted to
        Ms. Brennan in the form of options to purchase 10,000
        shares of common stock of the Company, at an exercise
        price of $2.89 per share, and 83,881 shares of Common
        Stock, at an exercise price of $2.95 per share, will be
        cancelled in exchange for a cash payment in a per-share
        amount equal to the excess of the closing price of the
        Common Stock on NASDAQ on the business day coincident with
        or first following the Separation Date over the applicable

        exercise price.

Ms. Brennan's receipt of the payments and benefits is contingent on
her execution and delivery of a waiver and release contained in the
separation agreement and her execution of a second release
agreement on or after the Separation Date.

On April 14, 2016, the Company's Board of Directors approved the
appointment of Bruce Torkelson as the Company's new chief financial
officer, effective May 13, 2016.  Mr. Torkelson, age 47, will
report to the Company's president and chief executive officer.  He
has served as corporate vice president - Financial Planning of
CalAtlantic Homes since January 2010 where he focused on long-term
planning and strategic initiatives.  Previously, he served as Vice
President - Corporate Operations of Standard Pacific Homes, one of
the nation’s largest and most respected homebuilders.

Mr. Torkelson has accepted an offer letter from the Company, which
provides that he will receive an annual base salary of $230,000 and
will be eligible to receive an incentive bonus pursuant to the
Company's management incentive program, as well as certain other
benefits.  The Company and Mr. Torkelson are negotiating the terms
of a formal executive employment agreement.

                      About Lime Energy

Headquartered in Huntersville, North Carolina, Lime Energy Co. --
http://www.lime-energy.com/-- is engaged in planning and
delivering clean energy solutions that assist its clients in their
energy efficiency and renewable energy goals.  The Company's
solutions include energy efficient lighting upgrades, energy
efficient mechanical and electrical retrofit and upgrade services,
water conservation, building weatherization, on-site generation
and renewable energy project development and implementation.  The
Company provides energy solutions across a range of facilities,
from high-rise office buildings, distribution facilities,
manufacturing plants, retail sites, multi-tenant residential
buildings, mixed use complexes, hospitals, colleges and
universities, government sites to small, single tenant facilities.

Lime Energy reported a net loss available to common stockholders of
$4.44 million on $113 million of revenue for the year ended Dec.
31, 2015, compared to a net loss available to common stockholders
of $5.60 million on $58.8 million of revenue
for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $57.6 million in total assets,
$41.8 million in total liabilities, $10.7 million in contingently
redeemable series C preferred stock and $5.09 million in total
stockholders' equity.


LINDENHURST PARK: Moody's Affirms B1 Rating on $3.9MM GO Debt
-------------------------------------------------------------
Moody's Investors Service has affirmed the B1 on Lindenhurst Park
District, IL's general obligation (GO) debt.  Concurrently, Moody's
has assigned a positive outlook.  The rating affects $3.9 million
in outstanding rated debt.

The B1 rating reflects the risk of a default on near term debt
service payments due to a weak liquidity position and reliance on
operating revenues and property taxes that have yet to be
collected.  The rating action also incorporates the district's weak
financial position as reflected by a deficit operating fund balance
position and reliance on a line of credit to fund daily operations.
The rating also incorporates the district's moderate debt burden
and a relatively wealthy tax base.

Rating Outlook

The positive outlook reflects the district's recent increase to its
debt service levy which will reduce the likelihood of default when
receipts begin to be collected in June of 2016.

Factors that Could Lead to an Upgrade

  -- Significant improvements in the district's liquidity
    position across all funds that eliminates the need for cash
    flow borrowing

-- Improved management practices, including enhanced monitoring
    of cash flows

-- Revenue or expenditure adjustments that lead to structurally
    balanced operations

Factors that Could Lead to a Downgrade

-- Additional operating deficits with further reliance on
    short-term lines of credit

-- Worsening of the district's already weak liquidity

-- Inability to pay debt service on time and in full

Legal Security

The district's General Obligation (Alternative Revenue Source) are
legally binding and are payable from: (a) the lawfully available
moneys in the District's Corporate Fund and principal proceeds
received by the District from the issuance of its general
obligation limited tax bonds, and (b) ad valorem taxes levied
against all taxable property in the District without limitation as
to rate or amount.

Use of Proceeds

Not applicable.

Obligor Profile

The district is located in Lake County, IL and is essentially
coterminous with the Village of Lindenhurst.  The ten square miles
district provides park and recreational facilities, and offers 110
acres of parkland, a community center, indoor and outdoor
recreational facilities, as well as a day care.  The district
serves approximately 15,000 residents.

Methodology

The principal methodology used in this rating was US Local
Government General Obligation Debt published in January 2014.


LOMBARD FLATS: Court Affirms Contempt Order vs. Demas Yan
---------------------------------------------------------
In an Order dated March 23, 2016, which is available at
http://is.gd/SkYIANfrom Leagle.com, Judge Phyllis J. Hamilton of
the United States District Court for the Northern District of
California affirmed the bankruptcy court's order of contempt,
entered January 5, 2015, and order denying motion for
reconsideration, entered February 17, 2015.

Demas Yan, also known as Dennis Yan, is an attorney who has
represented two purported creditors who have filed two separate
actions in state court against Lombard Flats, LLC.  The Debtor
filed a motion in bankruptcy court for an order of contempt against
Cheuk Yan and his attorney, Demas Yan.  The bankruptcy court issued
a memorandum decision and order on debtor's motion for an order of
contempt, holding the state court judgment against debtor void as a
matter of law and ordering appellant and Cheuk Yan to vacate the
default judgment or face contempt.

The civil proceeding is DEMAS YAN, Appellant, v. LOMBARD FLATS,
LLC, Appellee, Case No. 15-cv-00870-PJH (N.D. Calif.).

The bankruptcy case is In re LOMBARD FLATS, LLC, Debtor, Bankr. No.
09-32219 DM (Bankr. N.D. Calif.).

Demas Yan, Appellant, is represented by Demas W Yan, Esq.

Lombard Flats, LLC, Appellee, is represented by Joan Marie Chipser,
Esq., Attorney at Law.

Dennis Montali, Miscellaneous, Pro Se.

USBC Manager-San Francisco, Miscellaneous, Pro Se.

Office of the U.S. Trustee / SF, Trustee, is represented by Minnie
Loo, US Dept of Justice, Office of US Trustee.

Lombard Flats LLC filed for Chapter 11 bankruptcy (Bankr. N.D.
Calif. Case No. 09-32219) on Aug. 3, 2009, and obtained an order
confirming its plan on July 19, 2010. The court entered a final
decree on May 23, 2011, and the case was closed on June 3, 2011.


LOUISIANA PELLETS: Committee Hires Cooley LLP as Co-Counsel
-----------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
Chapter 11 cases of Louisiana Pellets, Inc., et al., seeks
authorization from the U.S. Bankruptcy Court for the Western
District of Louisiana to retain Cooley LLP as co-counsel for the
Committee, nunc pro tunc to March 15, 2016.

Cooley has been and will continue to be primarily responsible for
reviewing, negotiating and, if appropriate, objecting to the
Debtors' proposed postpetition financing; and attending to all
other matters pertaining to the Debtors' DIP Financing. On an as
needed basis, Cooley will provide assistance to the Committee with
respect to other matters related to the Debtors' chapter 11 cases
and, to the extent assistance of matters other than DIP Financing
is provided, Cooley will notify the Court and the Committee. In
addition, if Jones Walker is unable to provide services to the
Committee due to a conflict, Cooley will be asked to provide those
services for the Committee.

Cooley will be paid at these hourly rates:

      Jeffrey L. Cohen, Partner               $850
      Richelle Kalnit, Associate              $800
      Melissa Boyd, Associate                 $630
      Mollie Canbym Paralegal                 $225

Cooley has agreed to apply a discount of 10% to its fees on each
invoice, and not to charge for travel time.

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

Jeffrey L. Cohen, Esq., partner of the law firm of Cooley LLP,
assured the Court that the firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Cooley LLP may be reached at:

     Jeffrey L. Cohen, Esq.
     COOLEY LLP
     1114 Avenue of the Americas
     New York, NY 10036-7798

                     About Louisiana Pellets

Louisiana Pellets, Inc and German Pellets Louisiana, LLC are
members of the "German Pellets" family of companies, which is a
family of related companies centered in Wismar, Germany, operating
in the wood pellets industry.

LPI owns a wood pellet production facility located on 334 acres of
land in Urania, Louisiana.  The Facility is still under
construction and is not yet fully complete or operational.  GPLA is
the general contractor for construction of the Facility.  A
contract is in place with E.ON UK PLC (a United Kingdom utility
company) to purchase the wood pellet production from the Facility.

LPI and PLA sought Chapter 11 protection (Bankr. W.D. La., Lead
Case No. 16-80162) on Feb. 18, 2016, due to cost overruns and
delays in the course of construction of their still-to-be-completed
wood pellet production facility.  The petitions were signed by
Anna-Kathrin Leibold, president and chief executive officer.  The
Hon. John W. Kolwe presides over the case.

Louisiana Pellets, Inc., estimated assets and debts at $100 million
to $500 million.  German Pellets estimated assets and debts at $50
million to $100 million.

The Debtors tapped Locke Lord LLP, as counsel.

                           *     *     *

According to the docket, the Debtor's Chapter 11 plan and
Disclosure Statement are due June 17, 2016.  A status conference
hearing is scheduled for July 6, 2016, at 9:30 a.m.


LOUISIANA PELLETS: Committee Hires Jones Walker as Counsel
----------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in the
Chapter 11 cases of Louisiana Pellets, Inc., et al., seeks
authorization from the U.S. Bankruptcy Court for the Western
District of Louisiana to retain Jones Walker LLP as counsel for the
Committee, nunc pro tunc to March 15, 2016.

The Committee requires Jones Walker to:

     a. consult with the Debtors' professionals or representatives
concerning the administration of these Cases;

     b. prepare and review pleadings, motions and correspondence;

     c. appear at and be involved in proceedings before this
Court;

     d. provide legal counsel to the Committee in its investigation
of the acts, conduct, assets, liabilities, and financial condition
of the Debtors, the operation of the Debtors' business, and any
other matters relevant to these Cases.

     e. analyze the Debtors' proposed use of cash collateral and/or
debtor-in-possession financing;

     f. advise the Committee with respect to its rights, duties and
powers in these Cases;

     g. assist the Committee in analyzing the claims of the
Debtors' creditors and in negotiating with such creditors;

     h. assist the Committee in its analysis of and negotiations
with the Debtors or any third party concerning  matters related to,
among other things, the terms of a sale, plan of reorganization or
other conclusions of the Cases;

     i. assist and advise the Committee as to its communications to
the general creditor body regarding significant matters in these
Cases;

     j. assist the Committee in determining a course of action that
best serves the interest of the unsecured creditors; and

     k. perform such other legal services as may be required under
the circumstances of these Cases and are deemed to be in the
interests of the Committee in accordance with the Committee's
powers and duties as set forth in the Bankruptcy Code.

Jones Walker will be paid at these hourly rates:

     R. Patrick Vance, Partner                  $495
     Elizabeth J. Futrell, Partner              $425
     Richard J. Tyler, Partner                  $450
     Mark A. Mintz, Partner                     $290
     Laura F. Ashley, Associate                 $270
     Stephanie B. McLarty, Associate            $230        
     Paralegals                                 $125

Jones Walker will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Mark A. Mintz, partner of the law firm of Jones Walker LLP, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Consistent with the United State Trustees' Appendix B - Guidelines
for Reviewing Applications for Compensation and Reimbursement of
Expenses Filed Under 11 U.S.C. Sec. 330 by Attorneys in Larger
Chapter 11 Cases, which became effective on November 1, 2013, Mr.
Mintz attested that:

   -- he did not agree to any variation from, or alternatives to,
my or the Firm's customary billing arrangements for this
engagement. Jones Walker has approached this engagement as it would
any other agreement.

   -- None of the professionals included this engagement vary their
compensation based on the geographic location of the bankruptcy
case.

   -- Neither I nor any other professional at Jones Walker has
represented the client in the 12 months pre-petition.

   -- The client has approved a prospective budget and staffing
plan for a 3-month period.

Jones Walker can be reached at:

      Mark A. Mintz, Esq.
      Jones Walker LLP
      201 St. Charles Avenue
      49th Floor
      New Orleans, LA 70170-5100

                     About Louisiana Pellets

Louisiana Pellets, Inc and German Pellets Louisiana, LLC are
members of the "German Pellets" family of companies, which is a
family of related companies centered in Wismar, Germany, operating
in the wood pellets industry.

LPI owns a wood pellet production facility located on 334 acres of
land in Urania, Louisiana.  The Facility is still under
construction and is not yet fully complete or operational.  GPLA is
the general contractor for construction of the Facility.  A
contract is in place with E.ON UK PLC (a United Kingdom utility
company) to purchase the wood pellet production from the Facility.

LPI and PLA sought Chapter 11 protection (Bankr. W.D. La., Lead
Case No. 16-80162) on Feb. 18, 2016, due to cost overruns and
delays in the course of construction of their still-to-be-completed
wood pellet production facility.  The petitions were signed by
Anna-Kathrin Leibold, president and chief executive officer.  The
Hon. John W. Kolwe presides over the case.

Louisiana Pellets, Inc., estimated assets and debts at $100 million
to $500 million.  German Pellets estimated assets and debts at $50
million to $100 million.

The Debtors tapped Locke Lord LLP, as counsel.

                           *     *     *

According to the docket, the Debtor's Chapter 11 plan and
Disclosure Statement are due June 17, 2016.  A status conference
hearing is scheduled for July 6, 2016, at 9:30 a.m.


LOUISIANA PELLETS: Hires Cummins as Chief Restructuring Officer
---------------------------------------------------------------
Louisiana Pellets, Inc., and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the Western District of
Louisiana to employ Chip Cummins of the firm RPA Advisors as Chief
Restructuring Officer.

In connection with the engagement, Mr. Cummins will serve in the
role of CRO for the Debtors. The CRO shall devote such time to the
performance of his services thereunder, including onsite
involvement at the Debtors' offices in Urania, Louisiana (the
"Facility"), as he determines appropriate to perform the Services.
Mr. Cummins, as CRO, is a party in interest as contemplated under
the Bankruptcy Code section 1109(b) and shall to raise and may
appear and be heard on any issue in these chapter 11 cases.

Subject to his business judgment and fiduciary responsibilities and
with the assistance of the Debtors' other executive officers, the
CRO:

      -- will assume a lead management position in guiding the
Debtors through their reorganization efforts and the evaluation,
development, negotiation and implementation of such restructuring
efforts (the "Reorganization Efforts");

      -- will determine the retention and use of other
restructuring-related professionals in the cases, subject to orders
of this Court; and

      -- will have authority to evaluate, implement and manage cost
reduction measures, operational improvement, and capital structure
optimization measures necessary to preserve and maximize the value
and efficiency of the Debtors.

Subject to applicable bylaws, corporate governance processes,
required outside approval and with the assistance of the CEO and
the Debtors' other executive officers, the CRO will have primary
responsibility for the following Reorganization Efforts (to include
but not be limited to):

     (i) make restructuring process decisions;

    (ii) potential sales of the Debtors' assets;

   (iii) negotiations with stakeholders and counterparties;

    (iv) the review and development of any material drafted for
consumption outside the Debtors;

     (v) assistance in developing and evaluating the Debtors'
business plan, and the preparation of a revised operating plan and
cash flow forecast;

    (vi) approval of any new expenditures or cash payments;

   (vii) management of the financial and operational reporting
processes to all constituents;

  (viii) make business and financial decisions with respect to any
Debtor-in-possession financing sought or put in place;

    (ix) make decisions with respect to the Debtors' day to day
operations and its personnel (notwithstanding the foregoing, the
CRO shall not commence the recommissioning of the Facility, or any
components of the Facility (including the testing and restarting of
the equipment and machinery at the Facility) until further order of
this Court or upon the written consent of the Bond Trustee);

     (x) engagement in day-to-day normal business operations;

    (xi) provide assistance with pleadings, Debtors' Schedules of
Assets and Liabilities, Statements of Financial Affairs, DIP
budgets and cash flow forecasts;

   (xii) in general, assist the Debtors in the preparation of
ongoing documents and disclosures required by the Court subsequent
to the Chapter 11 bankruptcy filing, including, but not limited to,
Monthly Operating Reports, compliance reporting, periodic budgets,
and other disclosure documents required by the Court or the
Debtors' stakeholders from time to time;

  (xiii) make decisions with respect to all professionals engaged
by, strategies developed, and activities taken by the Debtors
related to the Reorganization Efforts; and

   (xiv) other services and activities as mutually agreed by the
Debtors' Board and the CRO to the extent not be duplicative of
services provided by other professionals.

RPA and Mr. Cummins will be paid at these hourly rates:

     Chief Restructuring Officer                  $665
     Director                                     $400

RPA and Mr. Cummins will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Chip Cummins, member of RPA Advisors LLC, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

RPA Advisors can be reached at:

       Chip Cummins
       45 Eisenhower Drive
       Paramus, New Jersey 07652
       E-mail: ccummins@rpaadvisors.com

                     About Louisiana Pellets

Louisiana Pellets, Inc and German Pellets Louisiana, LLC are
members of the "German Pellets" family of companies, which is a
family of related companies centered in Wismar, Germany, operating
in the wood pellets industry.

LPI owns a wood pellet production facility located on 334 acres of
land in Urania, Louisiana.  The Facility is still under
construction and is not yet fully complete or operational.  GPLA is
the general contractor for construction of the Facility.  A
contract is in place with E.ON UK PLC (a United Kingdom utility
company) to purchase the wood pellet production from the Facility.

LPI and PLA sought Chapter 11 protection (Bankr. W.D. La., Lead
Case No. 16-80162) on Feb. 18, 2016, due to cost overruns and
delays in the course of construction of their still-to-be-completed
wood pellet production facility.  The petitions were signed by
Anna-Kathrin Leibold, president and chief executive officer.  The
Hon. John W. Kolwe presides over the case.

Louisiana Pellets, Inc., estimated assets and debts at $100 million
to $500 million.  German Pellets estimated assets and debts at $50
million to $100 million.

The Debtors tapped Locke Lord LLP, as counsel.

                           *     *     *

According to the docket, the Debtor's Chapter 11 plan and
Disclosure Statement are due June 17, 2016.  A status conference
hearing is scheduled for July 6, 2016, at 9:30 a.m.


LTP CAREPRO: Case Summary & 15 Unsecured Creditors
--------------------------------------------------
Debtor: LTP Carepro, Inc.
           dba Pleasant Hill Manor
        P. O. Box 1297
        Alamo, CA 94523

Case No.: 16-41022

Nature of Business: Health Care

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. William J. Lafferty

Debtor's Counsel: Ruth Elin Auerbach, Esq.
                  LAW OFFICE OF RUTH ELIN AUERBACH
                  77 Van Ness Ave. #201
                  San Francisco, CA 94102
                  Tel: (415)673-0560
                  Fax: (415) 673-0562
                  E-mail: attorneyruth@sbcglobal.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Serafin Perez, authorized agent.

A list of the Debtor's 15 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb16-41022.pdf


MADISON HOTEL: Case Summary & 8 Unsecured Creditors
---------------------------------------------------
Debtor: Madison Hotel Apartments, LLC
           aka Madison Hotel Apartments LLC
        13708 240th Ave SE
        Issaquah, WA 98027

Case No.: 16-11987

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 15, 2016

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

Judge: Hon. Timothy W. Dore

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

Total Assets: $3.58 million

Total Liabilities: $6.16 million

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

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/wawb16-11987.pdf


MAGNETATION LLC: Exclusive Right to File Plan Extended to May 30
----------------------------------------------------------------
Magnetation LLC obtained a court order extending the period of time
during which it alone holds the right to file a plan to exit
Chapter 11 protection.

The order, issued by Judge Gregory Kishel of the U.S. Bankruptcy
Court in Minnesota, extended the company's exclusive right to
propose a plan to May 30 and solicit votes from creditors to July
29.  

The extension would prevent others from filing rival plans in court
and maintain the company's control over its bankruptcy case.  

                      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.


MALIBU ASSOCIATES: Hires Novogradac & Company as Accountant
-----------------------------------------------------------
Malibu Associates, LLC filed a supplemental application to the U.S.
Bankruptcy Court for the Central District of California to employ
Novogradac & Company LLP as accountant.

Pursuant to this Supplemental Application, the Debtor seeks to
expand the scope of Novogradac's employment to include the
preparation of the Debtor's federal and state income tax returns
for the year ending on December 31, 2015 (the "2015 Tax Returns").


As compensation for preparing the 2015 Tax Returns, the Debtor
seeks Court authority to pay Novogradac another flat fee of $5,000
pursuant to 11 U.S.C. section 328 with the $5,000 flat fee payable
after entry of an order approving this Supplemental Application and
after Novogradac prepares and files the 2015 Tax Returns.

Jon E. Krabbenschmidt, partner in the San Francisco office of
Novogradac, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the Bankruptcy
Code and does not represent any interest adverse to the Debtors and
their estates.

Novogradac can be reached at:
  
       Jon E. Krabbenschmidt
       NOVOGRADAC & COMPANY LLP
       246 First Street, 2nd Floor
       San Francisco, CA 94105
       E-mail: Jon.Krabbenschmidt@novoco.com

                       About Malibu Associates

Headquartered in Malibu, California, Malibu Associates, LLC, owns
the Malibu Golf Club.  The club has a restaurant and clubhouse, in
addition to an 18-hole golf course, on its 650-acre property in the
Santa Monica Mountains.

Malibu Associates sought Chapter 11 protection (Bankr. C.D. Cal.
Case No. 15-10477) in Santa Barbara, California, on March 10, 2015,
disclosing $76.2 million in total assets and $47.8 million in total
liabilities.  Thomas Hix, managing member of the Debtor, signed the
bankruptcy petition.

The Debtor owns real property located at 901 Encinal Canyon Road,
Malibu, California.  The property secures a $46.8 million debt to
U.S. Bank, National Association, which is secured by a first deed
of trust on the property.  The Los Angeles County Treasurer and
Tax Collector is also owed $459,800, secured by a tax lien on the
property.

The case is assigned to Judge Deborah J. Saltzman.  David L.
Neale, Esq., at Levene Neale Bender Rankin & Brill LLP, in Los
Angeles, serves as counsel to the Debtor.

The Debtor previously sought bankruptcy protection on Nov. 3,
2009, in the Central District of California, San Fernando Valley
Division (Case No. No. 9-24625).   That case was assigned to the
Honorable Maureen A. Tighe, but was later dismissed.  The real
property in Malibu was included in the prior filing.



MAX EXPRESS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor: Max Express, Inc.
        22440 S. Alameda Street
        Long Beach, CA 90810

Case No.: 16-14868

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Deborah J. Saltzman

Debtor's Counsel: Vanessa M Haberbush, Esq.
                  HABERBUSH & ASSOCIATES LLP
                  444 W Ocean Blvd Ste 1400
                  Long Beach, CA 90802
                  Tel: 562-435-3456
                  Fax: 562-435-6335
                  E-mail: vhaberbush@lbinsolvency.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Richard Mo, secretary.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-14868.pdf


MERRIMACK PHARMACEUTICALS: Signs Conversion Pacts with Noteholders
------------------------------------------------------------------
Merrimack Pharmaceuticals, Inc., entered into separate,
privately-negotiated conversion agreements with certain holders of
the Company's 4.50% Convertible Senior Notes due 2020.  Under the
Conversion Agreements, the Holders agreed to convert an aggregate
principal amount of $64,207,000 of Notes held by them, according to
a Form 8-K report filed with the Securities and Exchange
Commission.

The Company will initially settle each $1,000 principal amount of
Notes surrendered for conversion by delivering 136 shares of the
Company's common stock.  At the Initial Closing, the Company
expects to issue an aggregate of 8,732,152 shares of its common
stock.  In addition, pursuant to the Conversion Agreements, at the
Additional Closings, the Holders of the Notes will receive a number
of shares of the Company's common stock representing an aggregate
of $27,696,332 as additional payments in respect of the conversion
of the Notes, such number of shares determined based on the Daily
VWAP of the Company's common stock for each of the trading days in
the 10-day trading period following the date of the Conversion
Agreements.  The number of shares to be issued on each Additional
Closing is defined in the Conversion Agreements as the "Daily Share
Amount".

The Initial Closing is expected to occur on or about April 18,
2016, subject to customary closing conditions.  Generally, each
Additional Closing is expected to occur on the third business day
following the trading day on which the Daily Share Amount to be
issued in the applicable Additional Closing is determined.
Immediately following the conversions of the Notes contemplated by
the Conversion Agreements, $60,793,000 in aggregate principal
amount of the Notes will remain outstanding.

                       About Merrimack

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

Merrimack reported a net loss of $148 million on $89.3 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $83.6 million on $103 million of total revenues for the
year ended Dec. 31, 2014.

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


MICHAEL A. AULT: Court Extends Plan Exclusivity to June 24
----------------------------------------------------------
Bankruptcy Judge Bruce T. Beesley granted the request of counsel to
the debtor, Michael A. Ault, Jr., to extend the period within which
the Debtor has the exclusive right to file a Chapter 11 Plan and
Disclosure Statement to and including June 24, 2015.

Michael A. Ault, Jr., filed a Chapter 11 petition (Bankr. D. Nev.
Case No. 15-16098) on October 28, 2015.  He is represented by:

     THOMAS E. CROWE, ESQ.
     THOMAS E. CROWE PROFESSIONAL LAW CORPORATION
     2830 S. Jones Blvd., #3
     Las Vegas, NV 89146
     Tel: (702) 794-0373
     E-mail: tcrowe@thomascrowelaw.com


MMRGLOBAL INC: Significant Losses Raise Going Concern Doubt
-----------------------------------------------------------
MMRGlobal, Inc. filed with the Securities and Exchange Commission
its annual report on Form 10-K reporting a net loss of $2.99
million on $191,375 of total revenues for the year ended Dec. 31,
2015, compared to a net loss of $2.18 million on $2.57 million of
total revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, MMRGlobal had $716,608 in total assets, $8.92
million in total liabilities and a total stockholders' deficit of
$8.20 million.

Rose, Snyder & Jacobs LLP, in Encino, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has incurred
significant operating losses and negative cash flows from
operations during the years ended December 31, 2015 and 2014. 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/97nogY

                        About MMRGlobal

Los Angeles, Calif.-based MMR Global, Inc. (OTC BB: MMRF)
-- http://www.mmrglobal.com/-- through its wholly-owned operating
subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-
use online Personal Health Records (PHRs) and electronic safe
deposit box storage solutions, serving consumers, healthcare
professionals, employers, insurance companies, financial
institutions, and professional organizations and affinity groups.


NBTY INC: S&P Affirms 'B' CCR & Rates New $1.4BB Facilities 'B+'
----------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'B'
corporate credit rating on Ronkonkoma, N.Y.-based NBTY Inc.  The
outlook is stable.

At the same time, S&P assigned a 'B+' issue-level rating to NBTY's
new $1.4 billion and GBP300 million senior secured term loan B
facilities due 2023.  The recovery rating on the term loan B
facilities is '2', indicating that lenders could expect substantial
(70% to 90%, lower half of the range) recovery in the event of a
payment default.

S&P's ratings assume the transaction is closed on substantially the
terms presented to them and are conditioned on the successful
issuance of senior unsecured notes as part of the refinancing.  S&P
expects to withdraw its issue-level ratings on all of the company's
existing debt once its refinancing has been completed. Pro forma
for the transactions, total reported debt outstanding is about $3.2
billion.

S&P's ratings reflect NBTY's ownership by a financial sponsor and
weak credit metrics.  S&P believes the refinancing will be a nearly
leverage neutral transaction, with pro forma leverage in the mid-7x
area.  However, S&P expects credit ratios will improve meaningfully
over the next several years through a combination of EBITDA growth
and optional debt prepayment.  S&P believes EBITDA improvement will
be attributable to continued growth of the company's Holland &
Barrett (H&B) U.K. retail business, margin improvement in its
consumer products segment, and the lapse of certain non-recurring
expenses, such as new management sign-on bonuses and consulting
expenses related to its stock-keeping unit rationalization
programs.

"While we expect the company will apply some excess cash flow to
prepay debt, we also believe it will remain open to acquisition
opportunities and that financial leverage will remain relatively
high over the next few years," said Standard & Poor's credit
analyst Brennan Clark.

S&P's view is primarily rooted in the typical financial policies of
most financial sponsor-owned companies, which focus on generating
investment returns over short time horizons (often less than five
years) and typically operate with high debt levels.  At the same
time, S&P notes that an IPO is a likely path of exit for the
sponsor and that debt repayment will be the primary use of excess
cash if acquisition opportunities do not arise.

"Our ratings also reflect the company's meaningful, but not
dominant position, in the highly fragmented and competitive
wholesale vitamins, minerals, herbs, and supplements (VMHS)
industry, the favorable long-term industry demographics associated
with aging populations, and consumers' focus on health and
well-being.  Our assessment also incorporates the strong bargaining
power of some of NBTY's large retail customers, including its top
four retailers (which account for about 30% of its sales), and the
inherent industry risks stemming from regulation and potentially
unfavorable publicity if large product recalls were to occur.  In
addition, we believe that barriers to entry in the private label
business are modest, though we recognize NBTY's good position in
branded products, demonstrated by its long-term relationships and
category captain/validator status with many of its largest U.S.
retail customers.  We believe the company's decision to focus more
on growing its branded product business and right size its private
label business should provide a boost to margins and free cash
flow, but we assume that low-cost, private label rivals will
continue to win market share in their respective discount
sub-segments, thereby constraining total NBTY wholesale sales
growth in the U.S," S&P said.

"We also recognize the strength of the H&B health food specialty
retail business, which continues to grow substantially in the U.K.
and Europe.  However, we also note that, given management's
strategy to transition NBTY to a consumer products company, this
business could be sold in the future.  Nonetheless, the company
continues to invest in H&B's growth.  We view NBTY's recent sale of
its struggling U.S. retail segment (Vitamin World) as a credit
positive. Sales and profitability have deteriorated over the last
several years for this no. 4 player in the highly fragmented U.S.
retail VMHS market, and we believe the sale of this business will
enable the company to center its focus on growing its branded
consumer goods segment," S&P noted.

The stable outlook reflects S&P's forecast for modest improvement
in the company's currently weak credit measures over the next year,
including debt to EBITDA in the high-6x area.  S&P expects modest
revenue and EBITDA growth driven by the H&B retail segment and
NBTY's branded consumer product portfolio will be partially offset
by FX headwinds and the strategic decision to downsize its private
label business.


NEPHROS INC: Gets FDA 510(k) Clearance of S100 Point of Use Filter
------------------------------------------------------------------
Nephros, Inc., announced that it has received 510(k) clearance from
the U.S. Food and Drug Administration to market its S100 Point of
Use filter designed to filter Environmental Protection Agency
quality drinking water to retain waterborne bacteria to assist in
infection control.

The S100 ultrafilter is designed to assist hospitals and medical
facilities with their efforts to protect patients from water-borne
bacteria.  Legionella and Pseudomonas are common bacteria that can
have a devastating impact on infected patients, particularly those
whose immune system is compromised.  The S100 Point of Use filter
attaches to the end of a sink faucet and is designed to provide up
to 3 months of protection.

"In response to customer feedback, the S100 adds an end of faucet
product to our infection control portfolio to support hospitals in
their efforts to protect patients from water-borne pathogens," said
Daron Evans, president and CEO of Nephros.  "With the 510(k)
process completed, we intend to fill initial orders for S100
filters this quarter."

                        About Nephros

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

Nephros reported a net loss of $3.08 million on $1.94 million of
total net revenues for the year ended Dec. 31, 2015, compared to a
net loss of $7.37 million on $1.74 million of total net revenues
for the year ended Dec. 31, 2014.  As of Dec. 31, 2015, the Company
had $3.97 million in total assets, $1.30 million in total
liabilities and $2.66 million in total stockholders' equity.

Withum Smith+Brown, PC, in Morristown, New Jersey, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has incurred
negative cash flow from operations and recurring net losses since
inception.  These conditions, among others, raise substantial doubt
about its ability to continue as a going concern.


NEW TRIDENT: S&P Lowers CCR to 'B-' Then Withdraws Rating
---------------------------------------------------------
Standard & Poor's Ratings Services said it lowered its corporate
credit rating on New Trident Holdcorp Inc. to 'B-' from 'B'.  The
outlook is stable.

S&P then withdrew its 'B-' corporate credit rating on New Trident
Holdcorp Inc. and assigned a 'B-' corporate credit rating to the
parent company, Trident Holding Co. LLC, to reflect the company's
organizational hierarchy. Trident Holding Co. LLC is the ultimate
parent of the group.

S&P also lowered its first-lien senior secured rating on the
company's debt to 'B-' from 'B' and the second-lien senior secured
rating to 'CCC' from 'CCC+.'  The '3' and '6' recovery ratings on
the debt are unchanged.

"The downgrade reflects Trident's weaker-than-expected operating
results and failure to obtain any significant cushion in its debt
covenants, which significantly constrains financial flexibility,"
said Standard & Poor's credit analyst Lucas Taylor.

The company's 2015 revenue and EBITDA were below S&P's previous
projections by 3.9% and 11.8%, respectively.  Combining this with
sizable spending for streamlining IT infrastructure and for the
fixed costs necessary when operating in multiple states, the
resultant leverage is 8.6x with $2 million of free operating cash
flow.

The company has historically relied on debt-financed acquisitions
to subsidize its low organic revenue growth rate, but with covenant
levels near their thresholds, the ability to maintain this strategy
is impaired.  Subsequently, revenue growth is hindered and EBITDA
levels are muted to a point that the company must now rely almost
exclusively on operational improvements and organic growth to drive
cash flows.  Furthermore, the industry's competitive nature and
regulatory requirements necessitate constant capital deployment,
preventing Trident's geographic dominance to translate into
meaningful growth.

The downgrade also reflects S&P's view that free operating cash
flows and liquidity measures compare unfavorably with other
companies having weak business risk and highly leveraged financial
risk.  Trident will have to realize significant gains from its
capital spending program in streamlining company operations to
expand cash flows and provide more cushion between current leverage
levels and covenants.  

The stable outlook on Trident reflects S&P's expectations that
credit measures will only improve nominally given the company's
negligible free operating cash flow.  S&P is also incorporating an
expectation that covenants are not breached based on S&P's forecast
of rising revenues and slight margin expansion.  S&P expects the
company to remain highly leveraged, with projected debt/EBITDA at
about 8.6x.


NEWSTAR FINANCIAL: Fitch Affirms 'BB-' LT Issuer Default Rating
---------------------------------------------------------------
Fitch Ratings has affirmed NewStar Financial, Inc.'s (NewStar)
long- and short-term Issuer Default Ratings (IDRs) at 'BB-' and
'B', respectively, as well as the senior unsecured debt at 'BB-'
and subordinated debt ratings at 'B'.

KEY RATING DRIVERS

IDRs, SENIOR DEBT AND SUBORDINATED DEBT
The rating affirmations and Stable Outlook reflect NewStar's
established business as a direct middle-market lender, the
well-diversified portfolio of senior secured loans, demonstrated
track record of underwriting middle-market credit, a modest but
growing asset management platform, improved funding profile and
experienced management team.

The ratings also reflect benefits from NewStar's strategic
partnership with GSO Capital Partners (GSO), a subsidiary of The
Blackstone Group L.P. (long-term IDR 'A+'/Outlook Stable) and
Franklin Square Capital Partners (Franklin Square; FSIC I long-term
IDR 'BBB-'/Outlook Stable). Fitch believes the partnership enhances
the company's overall franchise, improves deal flow and sponsor
relationships, and supports NewStar's growth aspirations.

The ratings are constrained by NewStar's concentrated business
model, outsized exposure to middle-market borrowers, a high mix of
secured funding, a weak but improving earnings profile relative to
stated targets, inconsistent strategic direction over time and
planned rapid growth supported by increased leverage. These
constraints are set against a backdrop of a highly competitive
middle market underwriting environment, which could pressure asset
quality in the coming years, particularly in the context of
NewStar's growth.

Fitch believes NewStar has an experienced executive team having
worked together for over 11 years. The leadership team includes
many of the founding members, averaging more than 20 years of
experience in loan origination, credit underwriting, capital
markets and asset management.

NewStar's investment portfolio is well-diversified and is comprised
predominately of senior secured loans, with first-lien loans
representing 95.2% of the total portfolio by net book value (NBV),
at Dec. 31, 2015. No single obligor represented greater than 1.1%,
with the top 10 obligors representing 9.3% by NBV. The investment
portfolio was also well-diversified from an industry perspective,
with no single industry representing greater than 14.7%. NewStar
was not materially exposed to sectors currently experiencing
stress, including energy/chemical services (2.9%) and retail
(3.1%). That said; similar to other middle market lenders, NewStar
has high concentration to recent vintages, driven by elevated
refinancing volumes and recent growth, as 84% of the total owned
portfolio was originated between 2013 and 2015. This vintage was
originated in a highly competitive operating environment, which
could yield asset quality pressures down the road.

The loan portfolio amounted to $3.8 billion as of Dec. 31, 2015,
83.9% of which was represented by the Leveraged Finance lending
segment. Portfolio growth was 46% in 2015, driven by more than $3
billion of new funded originations, up 71% year-over-year. Growth
in the investment portfolio has been driven by capitalizing on
referrals from and co-investment opportunities with GSO/Franklin
Square, while also utilizing increased capital from the strategic
partnership to undertake larger investment positions. Fitch views
cautiously NewStar's outsized portfolio growth in the current
highly competitive underwriting environment.

Fitch believes NewStar's strong credit culture and disciplined
underwriting are evidenced by the strong relative performance of
the investment portfolio over time. Net charge-offs amounted to
0.11% in 2015, which compares favorably to the long-term average of
1.64% since 2007 and peak charge-offs of 3.4% in 2010. Loans on
non-accrual status amounted to 3.43% in 2015, which has been
relatively consistent with the long-term average of 3.94%. Despite
current strong asset quality performance, Fitch expects NewStar's
credit costs will increase modestly over the near to medium term,
reflecting the recent competitive underwriting environment, as well
as the potential for increased debt service burdens for underlying
borrowers once interest rates rise. As of Dec. 31, 2015, NewStar
has not realized any credit losses on its Leveraged Finance
portfolio on loans originated post-credit crisis (2009-2015
vintages).

Despite strong underlying credit performance, NewStar's financial
performance remains weak relative to peers and below stated targets
with pre-tax returns on average equity (ROE) amounting to 4.38% in
2015. NewStar has communicated a path to improved operating
performance by year-end 2016, which includes steps to enhance
operating leverage, improve yields, generate additional asset
management fees, and lower its cost of funds. At the same time, the
company expects credit costs to gradually normalize. If successful,
NewStar expects to generate pre-tax ROE of between 7.5% and 10% in
2016. Fitch views the targets as appropriate given the risk profile
of the investment portfolio and achievable should NewStar's
targeted growth and cost rationalization plans be achieved.

Over the last two years, NewStar has undertaken several shifts in
strategic direction, including the partnership with GSO/Franklin
Square in November 2014, the acquisition of Boston-based asset
manager, Feingold O'Keefee Capital in October 2015 and most
recently, the sale of its asset-based lending business to Sterling
National Bank in March 2016. Fitch views these transactions as a
continuation of NewStar's transformation from a bank-styled
diversified commercial finance company to a more specialized,
middle market lender with a focus on managing assets for
institutional investors.

NewStar's funding profile has improved in recent years but remains
highly reliant on wholesale funding and is confidence sensitive,
comprised of medium-term warehouse credit facilities, term
securitizations, and corporate unsecured and subordinated debt.
Fitch views NewStar's access to the unsecured markets as a positive
step, as it reduces concentration risk, although the funding is
relatively expensive compared to its term securitizations. NewStar
accessed the unsecured markets in April 2015 and again in November
2015, issuing $380 million of senior unsecured debt in aggregate,
with a coupon of 7.25%. The company also issued $300 million, in
aggregate, of subordinated debt, with a coupon of 8.25%, over the
course of 2014 through 2016.

Fitch calculates leverage on the basis of total debt-to-tangible
equity, which amounted to 5.26x, as of Dec. 31, 2015, and below
management's articulated target of up to 6.0x. Fitch believes
NewStar's leverage could continue to increase toward its stated
target over the near term, as the company plans to use incremental
borrowings to fund net portfolio growth and improve shareholder
returns. Fitch's leverage calculation does not give equity credit
to the $300 million in outstanding subordinated notes due to the
potential for a liquidity event resulting from the required
applicable high yield discount obligations (AHYDO) prepayment and
the change of control provisions. Although Fitch believes the
quality of NewStar's loan portfolio allows for a higher degree of
leverage relative to peers, the company's growth targets and
evolving business model present uncertainty and execution risk
which constrain the ratings in the near to medium term.

The ratings of the senior unsecured debt are aligned with NewStar's
long-term IDR, reflecting Fitch's expectation of sufficient
unencumbered assets in a stressed scenario relative to outstanding
unsecured debt. Fitch would envision potential future senior
unsecured debt issuance to be similarly equalized with NewStar's
long-term IDR, provided that it ranked pari passu with existing
senior unsecured debt and that the issuance served to improve
unencumbered asset coverage relative to unsecured debt
outstanding.

The rating of the subordinated debt is two-notches below NewStar's
long-term IDR, reflecting Fitch's assessment of the instrument's
respective non-performance and relative loss severity risk profile.
The two-notches represent incremental risk relative to the IDR,
which is a function of increased loss severity due to subordination
and heightened risk of non-performance relative to other (e.g.
senior) obligations.

RATING SENSITIVITIES

IDRs, SENIOR DEBT AND SUBORDINATED DEBT
Fitch views positive rating momentum as likely limited to
one-notch, given the concentrated business model and wholesale
funding profile. Still, positive momentum could be driven by
demonstration of stable asset quality performance which needs to be
evaluated over an extended period of time, particularly for recent
vintages originated under increasingly competitive underwriting
conditions, improved profitability toward stated targets,
successful execution of the planned growth strategy, and ability to
realize synergies arising from the GSO/Franklin Square
relationship. Reduced leverage relative to current targets and
improved funding flexibility could also contribute to positive
rating momentum.

Conversely, negative rating momentum could be driven by material
deterioration in asset quality performance, a migration away from
the primary focus on senior secured loans and towards more junior
investment positions, an increase in leverage beyond management's
articulated level, and/or an inability to improve earnings
performance. The provision of financial support to non-recourse
funding sources (i.e. warehouse facilities and CLOs) that impairs
NewStar's financial position could also contribute to negative
rating momentum.

The ratings of the senior unsecured debt and subordinated debt are
sensitive to changes in NewStar's IDR. In addition, the ratings of
the senior unsecured debt are sensitive to the level of
unencumbered balance sheet assets in a stressed scenario relative
to outstanding unsecured debt. A decline in the level of
unencumbered asset coverage combined with a material increase in
secured debt could result in the notching between the IDR and the
senior unsecured debt.

Founded in 2004 and based in Boston, MA, NewStar is a specialty
commercial finance company with a focus on direct lending to middle
market companies in the U.S. Through its asset management platform,
NewStar also offers a range of investment products employing
credit-oriented strategies focused on both the middle market loans
and liquid, tradeable credit. As of Dec. 31, 2015, had $6.9 billion
of assets under management, including $3.8 billion of loans and
credit investments on balance sheet. The company's stock is traded
on the NASDAQ under the ticker, 'NEWS'.

Fitch affirms the ratings as follows:

NewStar Financial Inc.
-- Long-term IDR at 'BB-';
-- Short-term IDR at 'B'
-- Senior unsecured debt at 'BB-';
-- Subordinated debt at 'B'.

The Rating Outlook is Stable.



NIGHTINGALE HOME: Court Extends Plan Exclusivity to July 7
----------------------------------------------------------
U.S. Bankruptcy Judge James M. Carr of the Southern District of
Indiana granted the request of Nightingale Home Healthcare, Inc. to
extend its exclusive right to file a chapter 11 plan of
reorganization for 90 days, up to and including July 7, 2016 and
the period to solicit acceptance of that plan by 91 days, up to and
including September 6, 2016.

Nightingale Home Healthcare, Inc. filed a Chapter 11 petition
(Bankr. S.D. Ind. Case No. 15-10099) on December 10, 2015, listing
under $1 million in both assets and liabilities.  A copy of the
petition is available at http://bankrupt.com/misc/insb15-10099.pdf
The Debtor is represented by Wendy D. Brewer, Esq., at JEFFERSON &
BREWER, LLC


NORTH AMERICAN LIFTING: Moody's Cuts CFR to Caa1, Outlook Still Neg
-------------------------------------------------------------------
Moody's Investors Service downgraded North American Lifting
Holdings, Inc.'s (operating as 'TNT Crane & Rigging') corporate
family rating ("CFR") to Caa1 from B3 and its probability of
default to Caa1-PD from B3-PD. The downgrade reflects weaker than
anticipated operating performance, deterioration in key credit
metrics, reduced liquidity, and exposure to oil & gas end markets.
The rating outlook remains negative.

The following is a summary of Moody's ratings and rating actions
taken for North American Lifting Holdings, Inc.'s ("TNT"):

-- Corporate Family Rating ("CFR"), downgraded to Caa1 from B3;

-- Probability of Default Rating, downgraded to Caa1-PD from B3-
    PD;

-- $470 million first lien term loan (includes $65 million
    incremental term loan), downgraded to B3 (LGD3) from B2
    (LGD3);

-- $75 million first lien revolving credit facility, downgraded
    to B3 (LGD3) from B2 (LGD3);

-- $185 million second lien term loan (includes $20 million
    incremental term loan), downgraded to Caa3 (LGD5) from Caa2
    (LGD5);

RATINGS RATIONALE

The downgrade reflects deterioration in TNT's operating results and
key credit metrics, including Moody's  expectations for continued
high debt leverage above 9.5x, lower interest coverage, as well as
a compromised liquidity profile during the next 12 to 18 months.
The Caa1 rating is further constrained by the TNT's relatively
small revenue base and limited geographic reach. Declines in sales
to oil, gas and energy customers have not been offset by growth in
demand from other industries.

The negative outlook reflects the risk of further deterioration in
the company's oil and gas end markets, and its worsening liquidity
profile. TNT's revolving credit facility comes due in 2018,
presenting growing refinancing risk amidst uncertain capital
markets appetite for oil and gas exposed issuers.

WHAT COULD CHANGE RATINGS UP/DOWN

A rating upgrade is unlikely in the near term. However, the outlook
could be stabilized if the company improves its liquidity profile
and credit ratios. Specifically, the rating could be stabilized if
TNT shows advances in diversifying away from oil and gas exposure
by increasing its business in other segments. Additionally,
refinancing its pending maturities would be viewed as a credit
positive.

Alternatively, further downgrade may occur if TNT's operating
performance continues to deteriorate or if liquidity weakness goes
unaddressed. Downgrade triggers include:

-- Interest coverage (EBITDA to interest expense), sustained
    below 1.0x.

-- Negative free cash flows.

-- Inability to successfully refinance its existing capital
    structure within the next 12 months.

-- Significant debt-financed acquisitions or other shareholder-
    friendly actions that could affect TNT's liquidity profile
    will also adversely affect the ratings.

CORPORATE PROFILE:

North American Lifting Holdings, Inc., operating as TNT Crane &
Rigging ("TNT"), provides lifting equipment rental services for oil
and gas, commercial, construction, and industrial markets in North
America. The company is headquartered in Houston, Texas and its
customers include downstream, midstream, power, and upstream end
companies including refineries, petrochemical facilities, and power
plants. Revenues for the last twelve months ended September 30,
2015 were $300 million.


NUO THERAPEUTICS: $14,000 in Claims Sold to Liquidity Solutions
---------------------------------------------------------------
In the Chapter 11 case of Nuo Therapeutics, Inc., two claims
switched hands in March 2016:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Liquidity Solutions, Inc.     MethodSense Inc.        $7,943.39
One University Plaza          P.O. Box 110352
Suite 312                     Durham NC 27709
Hackensack, NJ 07601

Liquidity Solutions, Inc.     Electronic Printing     $6,105.21
One University Plaza          Solutions LLC
Suite 312                     4898 Ronson Court, Suite B
Hackensack, NJ 07601          San Diego CA 92111

                     About NUO Therapeutics

Nuo Therapeutics, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D. Del. Case No. 16-10192) on Jan. 26, 2016.  The petition
was signed by David E. Jorden as acting chief executive officer and
acting chief financial officer.

Ashby & Geddes, P.A. represents the Debtor as counsel and Epiq
Bankruptcy Solutions, LLC serves as the Debtor's claims, balloting
and noticing agent.  Hon. Mary F. Walrath has been assigned the
case.

The U.S. Trustee for Region 2 originally appointed three members to
the Official Committee of Unsecured Creditors.  The U.S. Trustee,
on March 14, 2016, said New Hampshire Ball Bearings, Inc., has
resigned from the Committee.  The remaining committee members are
AAPC and CPA Global Limited.

The Bankruptcy Court has entered an Order granting conditional
approval to the Debtor's Disclosure Statement for the First Amended
Plan of Reorganization.  The Court also approved an expedited
pathway to the Company's emergence from Chapter 11 by scheduling a
combined hearing on April 25, 2016 to consider the adequacy of the
Disclosure Statement and confirmation of the Company's proposed
First Amended Plan of Reorganization.


NURSES ALLIANCE: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Nurses Alliance Corporation
           dba Lafayette Care Center
        1101 1st Street
        Lafayette, CA 94549-3802

Case No.: 16-41024

Nature of Business: Health Care

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Northern District of California (Oakland)

Judge: Hon. William J. Lafferty

Debtor's Counsel: Ruth Elin Auerbach, Esq.
                  LAW OFFICES OF RUTH ELIN AUERBACH
                  77 Van Ness Ave. #201
                  San Francisco, CA 94102
                  Tel: (415) 673-0560
                  Fax: (415) 673-0562
                  E-mail: attorneyruth@sbcglobal.net

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Serafin Perez, authorized agent.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/canb16-41024.pdf


ORBITAL ATK: Fitch Affirms 'BB+' Issuer Default Rating
------------------------------------------------------
Fitch Ratings has affirmed Orbital ATK Inc.'s (OA) Issuer Default
Rating at 'BB+', senior secured facilities at 'BBB-/RR1' and senior
unsecured notes at 'BB+/RR4'.  Fitch's ratings currently cover
approximately $1.5 billion long-term debt.  The Rating Outlook is
Stable.

                        KEY RATING DRIVERS

The ratings and Stable Outlook are supported by OA's solid margins
and strong cash flows, good product/program diversification,
successful integration of operations following the merger of
Alliant Techsystems Inc. (ATK) and Orbital Sciences Corporation
(ORB) which was completed on Feb. 9, 2015, and OA's role as a sole
source provider for many of its products.  The company has
de-levered following the acquisition, generated strong operating
cash flows and improved its operating margins.  The ratings are
also supported by adequate financial metrics for the ratings and
adequate financial flexibility.

Fitch estimates OA's credit metrics will improve over the next two
years driven by modest revenue growth; continued realization of the
merger synergies resulting in operating margin improvements and
additional revenue opportunities; and scheduled amortization of the
company's term loan.  Fitch expects OA's leverage and adjusted
leverage will decline to 2.4x and 3.2x, respectively, by the end of
2016 down from 2.8x and 3.7x from the prior year, respectively.
Other metrics such as free cash flow (FCF) margin (4.6%) and funds
from operations (FFO) fixed charge coverage (4x) are solid for the
ratings.

Fitch is concerned by rising competition in some space sectors;
cash deployment strategies that include increasing dividends and
sizable share repurchases as Fitch expects the company will deploy
80% to 90% of its pre-dividend FCF toward shareholders; and
significant exposure to the U.S. Government, which accounted for
approximately 70% of total revenues in 2015.

Fitch also remains concerned with the $763 million underfunded
status of OA's defined pension plans (74% funded at the end of
2015), even though the deficit was reduced from $850 million at the
end of fiscal year ending March 31, 2015.  At the end of 2015, the
company's pension obligations totaled approximately $3 billion.
Other post-employment benefit (OPEB) obligations totaled $114
million and were $54 million underfunded.  OA contributed $74
million to its defined benefit plans in the last nine months of
2015.  The company expects to make approximately $40 million in
contributions during 2016.

Fitch expects pension contributions to be a moderate part of OA's
cash distribution policy in the near-to-intermediate future, and
the net cash impact of the pension contributions will not be
material after giving effect to government reimbursements.  OA's
status as a defense contractor mitigates some of the risks
associated with its pension obligations.  A significant portion of
OA's pension contributions are recoverable through government
contracts because they qualify as allowable costs under government
Cost Accounting Standards.

The notching up of the senior secured credit facility by one rating
level from the IDR of 'BB+' to 'BBB-/RR1' is supported by the
coverage provided by OA's tangible assets and operating EBITDA
compared to the fully drawn facility.  The collateral for the
facility includes substantially all of OA's assets.

                          KEY ASSUMPTIONS

Fitch's key assumptions within its rating case for OA include:

   -- Low single digit revenue growth;

   -- Steady EBITDA margins in the range of 13% to 14%;

   -- Combined net share repurchases and dividend payments in the
      range of 80% to 90% of pre-dividend FCF;

   -- Debt repayment will be limited to the scheduled term loan
      amortization;

   -- The company will generate approximately $300 million FCF
      annually and FCF margin will remain within the range of 4%
      to 5%;

   -- Capital expenditures will fluctuate in the range of 4.25% to

      4.75% of revenues, annually;

   -- OA will not make acquisitions in the near future;

   -- Pension contributions will be a small portion of the
      company's cash deployment and will be less than 10% of FFO.

                       RATING SENSITIVITIES

Fitch may consider a positive rating action if the company's
leverage and adjusted leverage improves and remains below 2.25x and
3.0x for a sustained period of time.  Fitch may also consider a
positive rating action if the company's FFO adjusted leverage
improves and remains below 3.5x.  A positive rating action would
also depend on clarity of the company's future financial policies
and its commitment to maintaining investment grade ratings.

Fitch may take a negative rating action if the company's leverage
and adjusted leverage deteriorates and remain above 3.0x and 3.5x
for a sustained period of time.  Fitch may also consider a negative
rating action if the company's FFO adjusted leverage deteriorates
and remains above 4.25x or if FCF margin declines and remains below
3%.  Additionally, a negative rating action may be considered if
the company engages in aggressive debt funded acquisitions or share
repurchases, or if it is a subject to unexpected material
litigation related to its space programs.

                            LIQUIDITY

At Dec. 31, 2015, OA had a liquidity position of $1 billion,
consisting of $104 million of cash and $854 million of net revolver
availability after taking into account the company's $146 million
letters of credit outstanding.  The company has a favorable debt
maturity schedule with the term loan A's mandatory payments
comprising approximately $40 million annually.  Fitch expects
liquidity to increase to above $1 billion by the end of fiscal 2017
and views liquidity to be adequate for the ratings.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings:

Orbital ATK Inc.

   -- IDR at 'BB+';
   -- Senior secured credit facilities at 'BBB-/RR1';
   -- Senior unsecured notes at 'BB+/RR4'.

The Rating Outlook is Stable.


OUTER HARBOR: IAM Objects to Hiring of Gibson Dunn as Counsel
-------------------------------------------------------------
IAM & AW District Lodge No. 190 and East Bay Automotive Machinists
Local Lodge No. 1546 filed an objection with the U.S. Bankruptcy
Court for the District of Delaware, challenging the request of
Outer Harbor Terminal, LLC, to hire Gibson, Dunn & Crutcher LLP as
special counsel.

The Debtor seeks to employ special counsel in connection with the
"unfair labor practice" proceeding filed against the Debtor by the
National Labor Relations Board on July 30, 2013.

IAM asserted that continuing to litigate the NLRB Action is not in
the best interest of the estate, and therefore, employing and
compensating Gibson Dunn at hourly rates from $540 to $1000 to
litigate the matter also is not in the estate's  best interest.

IAM is represented by:

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

           - and -

       David A. Rosenfeld, Esq.
       Emily P. Rich, Esq.
       WEINBERG, ROGER & ROSENFELD
       1001 Marina Village Parkway, Suite 200
       Alameda, CA 94501
       Tel: (510) 337-1001  
       Fax: (510) 337-1023

                 About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- is an Oakland, California-based port
operator. It is a joint venture between Ports America and Terminal
Investment Ltd.

Outer Harbor is winding down operations.  Ports America is leaving
Oakland to concentrate its investments in other terminals that the
company operates in Tacoma, Los Angeles-Long Beach, New York-New
Jersey and Baltimore.

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 petition was signed by Heather Stack, chief
financial officer.  The Hon. Laurie Selber Silverstein is the case
judge.

The Debtor scheduled $103 million in assets and $370 million in
debt.

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.  Prime Clerk LLC is the claims
and noticing agent.



PALMAZ SCIENTIFIC: Hires Norton Rose as Counsel
-----------------------------------------------
Palmaz Scientific Inc., and its debtor-affiliates filed an
expedited ex parte application to the Hon. Craig A. Gargotta of the
U.S. Bankruptcy Court for Western District of Texas to employ
Northon Rose Fulbright US LLP as counsel, nunc pro tunc to March 4,
2016.

Norton Rose has been previously approved to be employed by Debtor
Palmaz Scientific. The application is a follow-up application to
employ Norton Rose with respect to the other three debtors,
Advanced Bio Prosthetic Surfaces, Ltd., ABPS Venture One Ltd., and
ABPS Management, LLC.

Norton Rose will be paid at these hourly rates:

       Michael M. Parker        $675
       Steve A. Peirce          $640
       Tim Springer             $385
       Greg Wilkes              $640
       Liz Boydston             $525

Norton Rose will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael M Parker, partner of Norton Rose, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Norton Rose can be reached at:

       Michael M. Parker, Esq.
       NORTON ROSE FULBRIGHT US LLP
       300 Convent, Suite 2100
       San Antonio, TX 78205
       Tel: (210) 224-5575
       Fax: (210) 270-7205
       E-mail: michael.parker@nortonrosefulbright.com

                  About Palmaz Scientific

Headquartered in San Antonio, Texas, Palmaz Scientific is a
research and development company dedicated to the advancement of
the technology and science of medical implants.

Palmaz Scientific Inc., Advanced Bio Prosthetic Surfaces, Ltd.,
ABPS Management, LLC and ABPS Venture One, Ltd., filed Chapter 11
bankruptcy petitions (Bankr. W.D. Tex. Proposed Nos. 16-50552,
16-50555, 16-50556 and 16-50554, respectively) on March 4, 2016.
The petitions were signed by Eugene Sprague as director.  The
Debtors estimated both assets and liabilities in the range of $10
million to $50 million.

The Debtors have engaged Norton Rose Fulbright US LLP as counsel,
Groff & Rothe as accountants and Upshot Services LLC as noticing
agent.

The case is assigned to Judge Craig A. Gargotta.


PARKVIEW ADVENTIST: Employs Germani Martemucci as Special Counsel
-----------------------------------------------------------------
Parkview Adventist Medical Center sought and obtained authority
from the U.S. Bankruptcy Court for the District of Maine to employ
Germani, Martemucci & Hill as Special Counsel.

The Debtor seeks to retain GMH to defend against two medical
malpractice claims brought by former patients.  The Claims were
brought in December 2012 and September 2015 and are both currently
pending in the Cumberland County Superior Court.  There has been no
action in proceedings related to the Claims against the Debtor
during the pendency of this Chapter 11 case.

With respect to one claim, the claimant has already moved for and
been granted relief from the automatic stay, and the Debtor
anticipates that a motion for relief from the automatic stay will
be filed in order to litigate the second claim and to provide for
payment from insurance proceeds to the extent of any liability of
the Debtor.

Prior to the Petition Date, the Debtor had retained GMH to defend
against the Claims, and GMH's fees and expenses had been paid by
The Medical Protective Company, the Debtor's insurer with respect
to a liability insurance policy under which the Debtor has coverage
for the Claims.  The Debtor and GMH have agreed that payment for
services rendered by GMH and expenses incurred on the Debtor's
behalf shall be paid for by the Insurer, in accordance with GMH's
usual and regular rates and charges in effect from time to time.

The primary attorneys from GMH involved in this matter are James
Martemucci, Esq., and Robert Hayes, Esq., whose billing rates are
$185/hour and $150/hour, respectively.

According to the Verified Statement of James Martemucci, Esq., an
attorney at GMH, the Firm has no connection with the Debtor, its
creditors, or any other party in interest, except as may be
disclosed.

             About Parkview Adventist Medical Center

Parkview Adventist Medical Center, a Maine non-profit corporation,
operates the Parkview Hospital, a 55-bed faith-based acute care
community hospital located in Brunswick, Maine, affiliated with the
Seventh Day Adventist Church.  Its mission is to provide services
supporting the physical, emotional and spiritual wellness of its
patients.

Parkview sought Chapter 11 protection (Bankr. D. Maine Case No.
15-20442) in Portland, Maine, on June 16, 2015.  The case is
assigned to Judge Peter G. Cary.

The Debtor estimated $10 million to $50 million in assets and
debt.

The Debtor is represented by George J. Marcus, Esq., at Marcus,
Clegg & Mistretta, PA, in Portlane, Maine.


PEABODY ENERGY: Authorized to Pay $10.3M to Essential Vendors
-------------------------------------------------------------
Peabody Energy Corporation, et al., won from the Bankruptcy Court
an interim order authorizing them to pay certain prepetition claims
of essential suppliers relating to goods received by the Debtors
more than 20 days before the Petition Date and services received
prepetition, in an aggregate amount not to exceed approximately
$10.3 million.

Judge Barry S. Schermer ruled that the Debtors' motion to pay
certain prepetition claims of the essential suppliers relating to
goods received by the Debtors within 20 days of the Petition Date
without limit on the maximum aggregate amount is continued until
the hearing scheduled for May 17, 2016 at 10:00 a.m.

A final hearing on the Motion will be held on May 17, 2016 at 10:00
a.m. (Central Time) in the U.S. Bankruptcy Court, Eastern District
of Missouri, United States Courthouse, Thomas F. Eagleton Federal
Building, 5th Floor, North Courtroom, 111 S. 10th Street, St.
Louis, Missouri.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Court Approves Joint Administration of 154 Cases
----------------------------------------------------------------
Peabody Energy Corporation and its 153 direct and indirect
subsidiaries sought and obtained from the U.S. Bankruptcy for the
Eastern District of Missouri an order directing (a) the joint
administration of the Debtors' chapter 11 cases in the chapter 11
case of Debtor Peabody Energy Corporation, Case No. 16-42529, and
(b) parties in interest to use a consolidated caption to indicate
that any filed pleading relates to the jointly administered
bankruptcy cases of Peabody Energy Corporation, et al.

"Joint administration of these cases is warranted given the
Debtors' integrated operations. It will permit the Clerk of the
Court to utilize a single general docket for these cases and
combine notices to creditors of the Debtors' respective estates and
other parties in interest. Further, joint administration of the
Debtors' cases will have a number of benefits, including
elimination of the need for duplicative notices, motions,
applications and orders. This will save time and expense that
otherwise would be required to administer individual cases. Joint
administration will also render the completion of various
administrative tasks less costly and minimize the number of
unnecessary delays associated with the administration of 154
separate chapter 11 cases," the Debtors' attorney, Steven N.
Cousins, Esq., at Armstrong Teasdale LLP, told the Court.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Proposes Armstrong Teasdale as Co-Counsel
---------------------------------------------------------
Peabody Energy Corporation and its affiliated debtors filed an
application to employ Armstrong Teasdale LLP as co-counsel in the
chapter 11 cases, effective as of the Petition Date.

The Debtors anticipate that Armstrong Teasdale will render various
legal services to the Debtors as needed throughout the course of
these chapter 11 cases.  In particular, the Debtors anticipate that
Armstrong Teasdale will perform, among others, these legal
services:

   (a) providing legal advice with respect to the Company's powers
and duties as debtors-in-possession in the continued operation of
its business and management of its properties;

   (b) attending meetings and negotiating with representatives of
creditors and other parties in interest and advising and consulting
on the conduct of Chapter 11 cases, including the legal and
administrative requirements of operating in chapter 11;

   (c) taking necessary action to protect and preserve the
Company's estates, including the prosecution of actions commenced
under the Bankruptcy Code on their behalf, and objections to claims
filed against the estates;

   (d) preparing and prosecuting on behalf of the Company's
motions, applications, answers, orders, reports and papers
necessary to the administration of the estates;

   (e) advising and assisting the Company with respect to
restructuring alternatives, including preparing and pursuing
confirmation of a chapter 11 plan, including preparing and seeking
approval of a disclosure statement;

   (f) appearing in Court and protecting the interests of the
Company before the Court; and

   (g) performing all other legal services for the Company which
may be necessary and proper in the cases.

Armstrong Teasdale will be compensated at its standard hourly
rates, which are based on the professionals' level of experience.
At present, the standard hourly rates charged by Armstrong Teasdale
range as follows:

         Billing Category           U.S. Range
         ----------------           ----------
         Partners                  $320 to $630
         Of Counsel                $280 to $485
         Associates                $200 to $425
         Paralegals                $105 to $290
         Law Clerks                $200 to $235

The names, positions, resident offices and current hourly rates of
those Armstrong Teasdale lawyers currently expected to spend
significant time on the chapter 11 cases are:

       Name             Location      Position   Hourly Rate
       ----             --------      --------   -----------
   Steven Cousins       St. Louis     Partner          $630
   Dan Wofsey           St. Louis     Partner          $630
   David Going          St. Louis     Partner          $575
   Richard Engel        St. Louis     Partner          $575
   John Cowling         St. Louis     Partner          $575
   Robert Kaiser        St. Louis     Partner          $575
   Scott Hunt           St. Louis     Partner          $575
   Saraann Parker       St. Louis     Partner          $455
   Susan Ehlers         St. Louis     Partner          $395
   Christopher LaRose   St. Louis     Partner          $350
   Jamie Mansfield      St. Louis     Associate        $270
   Erin Edelman         St. Louis     Associate        $255
   Angela Odlum         St. Louis     Associate        $240
   Cindy Morrison       St. Louis     Paralegal        $290
   Theresa Ritter       St. Louis     Paralegal        $190
   Olivia Harmon        St. Louis     Paralegal        $130

During the year preceding the Petition Date, Armstrong Teasdale
received payments from the Debtors, including the retainer and
replenishments thereof, totaling $592,517.

Steven N. Cousins, an attorney at the firm, attests that Armstrong
Teasdale is a "disinterested person," as defined in Section 101(14)
of the Bankruptcy Code and as required by Section 327(a) of the
Bankruptcy Code.

The following information is provided in response to the request
for additional information set forth in Paragraph D.1 of the United
States Trustee Guidelines:

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

   Response: No. The hourly rates Armstrong Teasdale will bill for
this engagement are consistent with the rates that Armstrong
Teasdale charges other comparable chapter 11 clients, and the rate
structure provided by Armstrong Teasdale is appropriate and is not
significantly different from (a) the rates that Armstrong Teasdale
charges in other non-bankruptcy representations or (b) the rates of
other comparably skilled professionals for similar engagements.

   Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response: No.

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

   Response: Armstrong Teasdale represented the Debtors during the
12 month period prior to the Petition Date.  During that period,
Armstrong Teasdale charged the Debtors its standard rates, which
are adjusted periodically as set forth in the Application.  The
material financial terms of the Debtors' engagement of Armstrong
Teasdale -- including the hourly rates charged by Armstrong
Teasdale -- have not changed postpetition.

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

   Response: In connection with these chapter 11 cases,
Armstrong Teasdale and the Debtors developed a budget and staffing
plan that reflects (a) the estimated number of hours and amount of
fees that Armstrong Teasdale will expend on the Debtors' chapter 11
cases during the first three months after the Petition Date and (b)
the estimated type and number of Armstrong Teasdale professionals
and paraprofessionals needed to successfully represent the Debtors
during the first three months after the Petition Date.  The Debtors
approved the Budget and Staffing Plan.  The Debtors recognize,
however, that in the course of large chapter 11 cases such as
these, it is possible that there may be a number of unforeseen fees
and expenses that will need to be addressed by the Debtors and
Armstrong Teasdale.  As the chapter 11 cases continue to develop,
the Debtors and Armstrong Teasdale will work together to revise the
Budget and Staffing Plan as needed.

The firm can be reached at:

         Steven N. Cousins, Esq.
         ARMSTRONG TEASDALE LLP
         7700 Forsyth Boulevard, Suite 1800
         St. Louis, MO 63105
         Telephone: (314) 621-5070
         Facsimile: (314) 621-5065
         E-mail: scousins@armstrongteasdale.com

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.
As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Proposes FTI as Financial Advisors
--------------------------------------------------
Peabody Energy Corporation, et al., are asking the U.S. Bankruptcy
Court for the Eastern District of Missouri for approval to employ
FTI Consulting, Inc. as financial advisors in their chapter 11
cases, nunc pro tunc to the Petition Date.

Among other things, the FTI professionals have provided, or will
provide various services, including:

   a. Assistance to the Debtors in preparation of financial related
disclosures required by the Court, including the Schedules of
Assets and Liabilities, the Statement of Financial Affairs and
Monthly Operating Reports;

   b. Assistance to the Debtors with information production and
analyses required pursuant to the Debtors' Debtor-In-Possession
("DIP") financing including, but not limited to, preparation for
hearings regarding the use of cash collateral and DIP financing and
satisfaction of the reporting requirements defined in the final DIP
financing agreement;

   c. Assistance in connection with the development and
implementation of key employee incentive, key employee retention
and other critical employee benefit programs;

   d. Assistance and advice to the Debtors with respect to the
identification of core business assets and the disposition of
assets or liquidation of unprofitable operations; and

   e. Assistance with the identification of executory contracts and
leases and performance of cost/benefit evaluations with respect to
the assumption or rejection of each.

The Debtors and FTI have agreed that FTI will be paid according to
its normal and customary hourly rates and that FTI will seek
reimbursement of reasonable direct expenses.

FTI's normal and customary billing rates, which are subject to
periodic revision, are as follows:

         United States                      Per Hour (USD)
         -------------                      --------------
      Senior Managing Directors               $800 – $975
      Directors / Managing Directors          $645 – $795
      Consultants / Senior Consultants        $355 – $575
      Administrative / Paraprofessionals      $125 – $250

         Australia                          Per Hour (USD)
         ---------                          --------------
      Senior Managing Directors               $625 – $795
      Directors / Managing Directors          $510 – $700
      Consultants / Senior Consultants        $255 – $540
      Administrative / Paraprofessionals      $145 – $250

FTI has provided prepetition services to the Debtors.  During the
one-year period prior to the commencement of the chapter 11 cases,
FTI received $6,628,665 from the Debtors in relation to
professional fees, charges and disbursements incurred prior to the
Petition Date (which amount includes a retainer of $500,000).
During the 90-day period prior to commencement of the chapter 11
cases, FTI has received $5,676,979 from the Debtors in relation to
professional fees, charges and disbursements incurred prior to the
Petition Date.

Carlin Adrianopoli, senior managing director with FTI, attests that
the firm is a "disinterested person" within the meaning of section
101(14) of the Bankruptcy Code and as required by section 327(a) of
the Bankruptcy Code.

The firm can be reached at:

         Carlin Adrianopoli
         Senior Managing Director
         FTI CONSULTING, INC.
         227 West Monroe Street, Suite 900
         Chicago, IL, 60606
         United States
         Tel: +1 312 759 8100
         Fax: +1 312 759 8119
         E-mail: carlin.adrianopoli@fticonsulting.com

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf



PEABODY ENERGY: Proposes KCC as Claims Agent
--------------------------------------------
Peabody Energy Corporation and its affiliated debtors filed an
application to employ Kurtzman Carson Consultants LLC as claims,
ballot and noticing agent.

KCC will transmit, receive, docket and maintain proofs of claim
filed in connection with the chapter 11 cases.  This retention will
expedite the distribution of notices and the processing of claims,
and the Office of the Clerk of the United States Bankruptcy Court
for the Eastern District of Missouri (the "Clerk's Office") will be
relieved of the administrative burden of processing what may be an
overwhelming number of claims.

Prior to the Petition Date, the Debtors provided KCC with a
retainer in the amount of $50,000.

According to the services agreement, KCC will charge at these
rates for these consulting services:

                                         Discounted
   Position                             Hourly Rate
   --------                             -----------
Executive Vice President                  Waived
Director/Senior Managing Consultant        $175
Consultant/Senior Consultant            $70 to $160
Technology/Programming Consultant       $35 to $70
Clerical                                $25 to $50
Weekend, holidays and overtime            Waived

The firm will charge at these rates for its public securities and
solicitation services:

                                         Discounted
   Position                             Hourly Rate
   --------                             -----------
Solicitation Lead/Securities Director      $215
Senior Securities Consultant               $200

For its noticing services, KCC will waive fees for electronic
noticing, and $0.08 per page for facsimile noticing.  For claims
administration and management, KCC will charge $0.10 per creditor
per month for license fee and data storage.  For online claims
filing (ePOC) services, the firm will waive the fees.  The firm's
call center support services will charge $55 per hour for its call
center operator.

Evan Gershbein, senior vice-president of Corporate Restructuring
Services at KCC, attests that KCC is a "disinterested person"
within the meaning of Section 101(14) of the Bankruptcy Code.

The firm can be reached at:

         KURTZMAN CARSON CONSULTANTS LLC
         2335 Alaska Ave.
         El Segundo, CA 90245
         Attn: Drake D. Foster
         Tel: (310) 823-9000
         Fax: (310) 823-9133
         E-mail: dfoster@kccllc.com

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.
As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Proposes Lazard as Investment Banker
----------------------------------------------------
Peabody Energy Corporation and its affiliated debtors filed an
application to employ Lazard Freres & Co. LLC and Lazard Pty
Limited as their investment banker in their chapter 11 cases, nunc
pro tunc to the Petition Date.

Since its initial engagement in July 2015, Lazard has advised the
Debtors in connection with their efforts to raise capital and
explore all restructuring alternatives.  As a result of the
prepetition work performed on behalf of the Debtors, Lazard has
acquired significant insight into and institutional knowledge of
the Debtors and their businesses and assets and is intimately
familiar with the Debtors' financial affairs, debt structure,
operations and related matters.

Subject to approval by the Court, the Debtors propose to employ
Lazard to serve as the Debtors' investment banker on the terms and
conditions set forth in the Engagement Letter dated April 1, 2016.

Lazard will render various investment banking services, including:

     * Reviewing and analyzing the Debtors' businesses, operations
and financial projections;

     * Evaluating the Debtors' potential debt capacity in light of
their projected cash flow;

     * Assisting in the determination of a target capital structure
for the Debtors;

     * Assisting in the determination of a range of values for the
Debtors on a going concern basis;

     * Evaluating the Debtors' capital structure alternatives,
including any Restructuring and/or Financing, among others; and

     * Advising the Debtors on tactics and strategies for
potentially negotiating with transaction counterparties and with
their own stakeholders in connection with any Restructuring and/or
Financing.

In accordance with the terms of the Engagement Letter, Lazard will
be paid in accordance with this fee structure:

    (a) Monthly Fee.  A monthly fee of $250,000 per month payable
on April 1, 2016 and on the first day of each month thereafter
until the earlier of the completion of a Restructuring or the
termination of Lazard's engagement.  One-half of all Monthly Fees
paid in respect of the thirteenth month after the Petition Date and
each month thereafter will be credited (without duplication)
against any Restructuring Fee or Financing Fee payable.

   (b) Restructuring Fee.  A fee equal to $15,100,000, payable upon
the consummation of a Restructuring.

   (c) Financing Fee.  A fee, payable upon consummation of a
Financing, equal to the total gross proceeds provided for in such
Financing (including all amounts committed but not drawn down under
credit lines or other indebtedness) multiplied by (i) 1.0% with
respect to any debtor-in-possession financing (including any
bonding accommodation facility or debtor-in-possession carve-out
related to self-bonding of reclamation obligations ("DIP
Financing") or senior debt financing, (ii) 1.5% with respect to any
junior debt financing (that is not DIP Financing) or (iii) 2.0%
with respect to any equity or equity-linked financing (that is not
DIP Financing).  One half of any Financing Fee will be credited
(without duplication) against up to 50 percent of any Restructuring
Fee subsequently payable.

During the 90 days immediately preceding the Petition Date, the
Debtors paid Lazard $7,850,000 in fees and $95,200 in expenses,
including a $50,000 expense retainer, for prepetition services
rendered and expenses incurred.

Tyler W. Cowan, managing director at Lazard, attests that Lazard is
a "disinterested person" within the meaning of Section 101(14) of
the Bankruptcy Code and as required by Section 327(a) of the
Bankruptcy Code and does not hold or represent an interest
materially adverse to the Debtors' estates with respect to the
matter on which Lazard will be employed.

The firm can be reached at:

         Tyler W. Cowan
         Managing Director
         LAZARD FRERES & CO. LLC
         190 South LaSalle Street, Chicago, IL 60603
         E-mail: tyler.cowan@lazard.com

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Rejecting 8 Contracts & Leases
----------------------------------------------
Peabody Energy Corporation and its affiliated debtors ask the
Bankruptcy Court for authorization to reject these executory
contracts and unexpired leases effective as of the Petition Date:

   1. Industrial Real Estate Lease (Multi-Tenant Facility) Triple
Net Lease (with amendments) dated Jan. 18, 2007, with Pulliam III,
LLC;

   2. Office Lease Agreement (with amendments) dated Aug. 22, 2012,
with TR Camelback Corp.;

   3. Heritage Petroleum Terms and Conditions for Fixed Price
Forward-Month, Flexible Fixed Price Forward-Month, and Basis Only
Fixed Price Forward-Month Contracts, effective April 1, 2009, with
Heritage Petroleum, LLC;

   4. Fixed Forward Contract dated February 15, 2016, with Heritage
Petroleum, LLC.

   5. Fixed Forward Contract Fuel Pricing Addendum dated Jan. 26,
2015, Sept. 10, 2014, September 30, 2014, Oct. 14, 2014, and Nov.
6, 2014, with Heritage Petroleum, LLC;

   6. Engagement Letter dated Oct. 26, 2015, with Morgan Stanley&
Co., LLC;

   7. Engagement Letter dated May 26, 2015, with Morgan Stanley&
Co., LLC; and

   8. Listing Contract (Exclusive Right to Sale) dated Nov. 9,
2015, with Whitetail Properties Real Estate LLC.

Prior to the Petition Date, the Debtors and their advisors engaged
in a review of their executory contracts and unexpired leases, and
as a result of their review, the Debtors have determined in their
business judgment that the Agreements are not necessary to their
ongoing business operations or restructuring efforts.  The Debtors
further believe, in their business judgment, that they could not
assume and assign the Agreements in a manner that would provide any
economic benefit to the Debtors' estates.  Additionally, the
Debtors submit that continuing the Agreements would be burdensome
and would provide no corresponding benefit or utility to the
Debtors or their estates.  The Agreements are not necessary for the
Debtors' continuing business operations of the Debtors' estates,
and maintaining the Agreements would impose unnecessary costs and
burdens on the Debtors' estates and hamper their ability to
reorganize.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.
As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Schedules Deadline Extended to June 13
------------------------------------------------------
At the behest of Peabody Energy Corporation, et al., Judge Barry S.
Schermere entered an order extending the time within which the
Debtors must file their (a) schedules of assets and liabilities,
(b) schedules of executory contracts and unexpired leases and (c)
statements of financial affairs until June 13, 2016, without
prejudice to the Debtors' right to seek further extensions of such
deadline upon a showing of cause therefore.  The Debtors are also
granted an extension until May 30, 2016 to file their initial
2015.3 Reports or to file a motion seeking a modification of such
reporting requirements, for cause, without prejudice to the
Debtors' right to seek further extensions of such date.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.

As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PEABODY ENERGY: Seeks to Limit Trading to Protect NOLs
------------------------------------------------------
Peabody Energy Corporation ("PEC") is asking the U.S. Bankruptcy
Court for the Eastern District of Missouri to establish notice and
objection procedures that must be satisfied before certain
transfers of beneficial interests in equity securities in PEC are
deemed effective.

The common stock of PEC is publicly traded.  As of April 4, 2016,
there were approximately 18,530,028 shares of PEC common stock
outstanding, with a total market capitalization of approximately
$43 million.  As of the Petition Date, PEC also has outstanding
$732.5 million in principal amount of convertible junior
subordinated debentures that are generally convertible into shares
of PEC perpetual preferred stock upon the occurrence of certain
events but may be converted into shares PEC common stock in limited
circumstances.

The Debtors have incurred losses and other creditable expenses for
federal income tax purposes during the course of operating their
business.  As of Dec. 31, 2015, the Debtors currently estimate they
have net federal tax credits of approximately $635 million and
federal tax capital losses of approximately $180 million, and the
Debtors expect to incur additional tax losses and credits through
the Petition Date and through the time that they emerge from their
chapter 11 cases.  NOLs are valuable tax attributes, which could
translate into future reductions of the Debtors' income tax
liabilities.

Because an "ownership change" may negatively impact the Debtors'
utilization of their NOLs, the Debtors proposed these procedures:

   * Any "substantial equityholder" -- entity that has direct or
indirect beneficial ownership of at least at least 833,852 shares
(representing approximately 4.5% of the 18,530,028 issued and
outstanding shares of common stock) of PEC -- must serve and file a
declaration on or before the later of (i) 14 days after the date of
the interim order approving the procedures and (ii) 14 days after
becoming a substantial shareholder.

   * At least 28 days prior to effectuating any transfer of the
equity securities that would result in another entity becoming a
substantial shareholder, the parties to such transaction must serve
and file a notice of the intended stock transaction.

   * The Debtors have 21 days after receipt of the stock
transaction notice to object to the proposed transaction.

   * If the Debtors do not object, the proposed transaction may
proceed.

   * Any transfer of the equity securities in violation of the
procedures will be null and void ab initio.

                          *     *     *

The Court has approved the Debtors' equity transfer procedures on
an interim basis.  A final hearing on the Motion is scheduled for
May 17, 2016, at 10:00 a.m.

                       About Peabody Energy

Headquartered in St. Louis, Missouri, Peabody Energy Corporation
claims to be the world's largest private-sector coal company.  As
of Dec. 31, 2014, the Company owned interests in 26 active coal
mining operations located in the United States (U.S.) and
Australia.  The Company has a majority interest in 25 of those
mining operations and a 50% equity interest in the Middlemount Mine
in Australia.  In addition to its mining operations, the Company
markets and brokers coal from other coal producers, both as
principal and agent, and trade coal and freight-related contracts
through trading and business offices in Australia, China, Germany,
India, Indonesia, Singapore, the United Kingdom and the U.S.

Peabody posted a net loss of $1.988 billion for 2015, wider from
the net loss of $777 million in 2014 and the $513 million net loss
in 2013.

At Dec. 31, 2015, the Company had total assets of $11.02 billion
against $10.1 billion in total liabilities, and stockholders'
equity of $918.5 million.

On April 13, 2016, Peabody Energy Corp. and 153 affiliates filed
voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code.  The 154 cases are pending joint
administration before the Honorable Judge Barry S. Schermer under
Case No. 16-42529 in the U.S. Bankruptcy Court for the Eastern
District of Missouri.
As of the Petition Date, PEC has approximately $4.3 billion in
outstanding secured debt obligations and $4.5 billion in
outstanding unsecured debt obligations.

The Debtors tapped Jones Day as general counsel; Armstrong,
Teasdale LLP as local counsel; Lazard Freres & Co. LLC and
investment banker Lazard PTY Limited as investment banker; FTI
Consulting, Inc., as financial advisors; and Kurtzman Carson
Consultants, LLC, as claims, ballot and noticing agent.

                           *     *     *

A copy of the affidavit in support of the first-day motions is
available for free at:

    http://bankrupt.com/misc/Peabody_7_1st_Day_Affidavit.pdf


PICO HOLDINGS: Activist Bloggers Criticize Hart Compensation
------------------------------------------------------------
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. Other
activists at http://ReformPICONow.com/have taken to the Internet
to advance the shareholder cause.

Activist bloggers issue a third scathing criticism of the
Compensation Plan recently awarded to Mr. Hart; this time they
focus on the net operating loss carryforward application in Bonus
Plan in particular. In a post entitled, "John 'The Juicer' Hart
Compensation Plan Betrays PICO Shareholders -- Part III," the
bloggers lay blame squarely on the PICO Compensation Committee,
comprised of Chairman Carlos Campbell, Michael Machado and Eric
Speron.

The bloggers colorfully note that, "if you are a Comp Committee
member and your executives are gleeful of your work while your
shareholders are scornful of your work, then you have probably
betrayed your shareholders."

The bloggers explain, "Section 5(a)(3) of the Bonus Plan addresses
the calculation of 'Administrative Expenses,' for the 'Bonus Pool,'
the net amount from asset sales that will pay bonuses to the Three
Profiteers. This Section essentially says that the Bonus Pool will
be reduced by normal administrative expenses, asset sale expenses,
taxes after application of any applicable net operating loss
carryforwards, overhead expenses, etc . . .  This sounds great --
more money for long-suffering PICO shareholders. But recall Section
5(a)(3) of the Bonus Plan, which amounts to a larceny of
shareholders. Messrs. Campbell, Machado and Speron have decided to
take 20% of the NOLCs, which belong to PICO shareholders, and give
them to the Three Profiteers in the form of bonuses."

The post notes that "NOLCs are assets that reside on the balance
sheet. Once used, shareholder equity is reduced. NOLCs have future
economic value. When applied, they result in greater cash inflow to
the corporation through reduced taxes. It is a larceny of
shareholders that Messrs. Campbell, Machado and Speron agreed to
apply the NOLCs to the Bonus Pool, which will inure to the benefit
of the Three Profiteers."

The bloggers state that the PICO Compensation Committee has been
deceptive. "Messrs. Campbell, Machado and Speron cleverly slipped
the phrase "after application of any applicable net operating loss
carryforwards" into the section on Administrative Expenses. But
application of NOLCs is not an administrative expense. It is a
transfer of assets. As we said, NOLCs reside on the balance sheet
and are included in shareholder equity. When applied, assets and
shareholder equity will both be reduced. That is an asset."

The bloggers ask the PICO Compensation Committee three questions
out loud:

  a) How do you justify to shareholders the addition of our NOLCs
assets to the Bonus Pool?

  b) How do you justify presentation of the NOLCs in the
"Administrative Expenses" section of the SEC filing?

  c) How do you justify portrayal of the NOLCs application as an
offset to expenses, instead of a transfer of assets which will
augment the Bonus Pool?

The post concludes by encouraging PICO shareholders to ask these
questions of the Board of Directors at the PICO Annual Meeting.


POTOBAC LLC: Case Summary & 8 Unsecured Creditors
-------------------------------------------------
Debtor: Potobac, LLC
        4701 S. Ocean Blvd.
        Myrtle Beach, SC 29575

Case No.: 16-15112

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       District of Maryland (Greenbelt)

Judge: Hon. Thomas J. Catliota

Debtor's Counsel: James Greenan, Esq.
                  MCNAMEE, HOSEA, ET AL.
                  6411 Ivy Lane, Suite 200
                  Greenbelt, MD 20770
                  Tel: 301-441-2420
                  E-mail: jgreenan@mhlawyers.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Edward J. Edelen, III, managing member.

A list of the Debtor's eight largest unsecured creditors is
available for free at http://bankrupt.com/misc/mdb16-15112.pdf


PQ CORP: S&P Affirms 'B' CCR & Alters Outlook to Stable on Merger
-----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit ratings on PQ Corp. and Eco Services Operations LLC.  S&P
revised the outlook on both companies to stable from developing.

At the same time, S&P assigned its 'B+' issue-level and '2'
recovery ratings to PQ's proposed first-lien term loan B and to the
proposed secured notes.  The '2' recovery rating indicates S&P's
expectation of substantial (high end of the 70% to 90% range)
recovery in the event of a payment default.  S&P also assigned its
'B-' issue-level and '5' recovery ratings to PQ's proposed senior
unsecured notes.  The '5' recovery rating indicates S&P's
expectation of modest (low end of the 10% to 30% range) recovery in
the event of payment default.

In addition, S&P raised the issue-level rating on Eco Services'
senior unsecured notes to 'B-' from 'CCC+' and revised the recovery
rating to '5' from '6', respectively, which is in line with
expected pro forma unsecured debt ratings.  The '5' recovery rating
indicates S&P's expectation of modest (low end of the 10% to 30%
range) recovery in the event of payment default.  The 'B+'
issue-level and '2' recovery ratings on Eco Services' secured debt
are unchanged.  The '2' recovery rating indicates S&P's expectation
of substantial (high end of the 70% to 90% range) recovery in the
event of a payment default.

S&P will withdraw the corporate credit rating on Eco Services upon
closure of the merger as proposed.  S&P will also withdraw its
issue-level and recovery ratings on Eco Services' secured debt at
that time.  S&P based all ratings on preliminary terms and
conditions.

"Our ratings reflect our assessment of PQ Corp.'s financial risk
profile as highly leveraged and business risk profile as fair, pro
forma for the acquisition," said Standard & Poor's credit analyst
Allison Schroeder.

The stable rating outlook indicates that S&P concludes that PQ
Corp.'s creditworthiness will remain relatively the same after the
merger, albeit with a slightly improved business risk profile,
though S&P believes that the business risk profile will remain
within the fair category.  S&P expects that the company will be
able to successfully integrate after the close and that they will
be able to achieve synergies as publicly stated.  S&P expects
credit metrics to remain consistent for the highly leveraged
financial risk profile, including FFO to debt of about 10% and debt
to EBITDA of above 6x over the next 12 months.  S&P will review its
ratings on both companies if the proposed transaction does not
close as planned, or if the acquisition of Eco Services is not
executed as proposed.

S&P could consider a negative rating action if PQ were to
experience serious integration problems associated with the merger.
The rating could also be pressured should the company pursue any
new large debt-funded acquisitions, if there are any large
shareholder rewards, or if S&P deems CCMP Capital as unsupportive
to the company's overall credit quality.  Ratings would be
pressured if FFO to debt were to fall below 5% on a sustained basis
and if debt to EBITDA were to exceed 7.5x.  This could happen if
there is a deviation from supportive financial policy or if
liquidity were to fall to less than adequate over the next 12
months.

S&P could consider a positive rating action if the company is able
to successfully integrate post-merger to the extent that S&P viewed
their business risk profile as being in the satisfactory category.
The financial risk profile is constrained by the company's majority
private equity ownership but S&P could raise ratings if it expects
weighted-average FFO to debt to exceed 12% and debt to EBITDA to
remain below 5x over the next year, coupled with an expectation
that the sponsor would remain credit supportive.


PQ CORPORATION: Moody's Affirms B3 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service affirmed PQ Corporation's B3 Corporate
Family Rating ("CFR") and assigned ratings to $1.7 billion in
proposed debt. Proceeds from the transaction, along with an
additional $625 million of new unrated unsecured debt that will be
placed with private holders, will be used to refinance all existing
debt at PQ, refinance part of the existing debt at Eco Services
Operations LLC ("Eco Services"), and pay transaction-related fees
and expenses. The transaction is expected to occur concurrent with
the intended merger of PQ and Eco Services, both majority-owned by
the same financial sponsor, CCMP Capital Advisors, and will not
include a refinancing Eco Services' $200 million Senior Unsecured
Notes due 2022. The change of control provision in the indenture
governing these notes will not be triggered, since the transaction
will not result in a change in majority ownership for Eco Services.
Moody's left these notes and all ratings for Eco Services on review
for possible downgrade pending the completion of the proposed
merger and refinancing transactions. Moody's expects to downgrade
these notes to Caa2 from Caa1 based on the B3 CFR of the combined
company and under the assumption that they will rank pari passu
with the new privately-placed notes. The rating outlook for PQ is
stable.

"External factors such as the strengthening dollar and weakening
capital markets conditions likely will limit PQ's ability to
generate meaningful free cash flow over the next 12-18 months
despite improvement in the company's underlying business," said Ben
Nelson, Moody's Vice President and Lead Analyst for PQ
Corporation.

Issuer: PQ Corporation

-- Probability of Default Rating, Affirmed B3-PD;

-- Corporate Family Ratings, Affirmed B3;

-- $1.2 billion Senior Secured Term Loan, Assigned B2 (LGD3);

-- $500 million Senior Secured Notes, Assigned B2 (LGD3); and

-- Outlook, Stable.

All ratings are subject to the execution of the transaction as
currently proposed and Moody's review of final documentation. The
instrument ratings are subject to change if the proposed capital
structure is modified. The ratings on the company's existing first
lien credit facilities and second lien notes have not been changed,
and will be withdrawn upon close of the transaction.

RATINGS RATIONALE

PQ's B3 CFR is principally constrained by the company's
highly-leveraged balance sheet and modest prospects for free cash
flow generation. Leading market positions in diverse end markets,
broad customer base with many long-term relationships, geographic
diversity lend stability to the financial performance of the
business compared to many other rated peers in the chemical
industry, and structural advantages related to the proximity of
silicates and sulfuric acid facilities to customer locations.

Moody's believes that the merger transaction will strengthen PQ's
business profile by improving scale and product diversity. Eco
Services is an independent sulfuric acid company formed through a
carve-out transaction from Solvay in late 2014. Similar to much of
PQ's existing portfolio, Eco Services' business profile is stable
and margins are high compared to most rated peers in the chemical
industry. Moody's also expects that Eco Services will enhance the
company's unlevered free cash flow generation potential, but the
significant increase in debt service requirements, due to weakening
in the capital markets since the transaction was announced, likely
will offset much of the expected cash flow benefits anticipated
when Moody's affirmed PQ's rating on 19 August 2015, and limiting
the potential for upward rating momentum in 2016.

Moody's expects that adjusted financial leverage will remain in the
low-to-mid 6 times (Debt/EBITDA), retained cash flow of 6-8%
(RCF/Debt), and, as the company continues to pursue growth capital
projects, roughly breakeven free cash flow in 2016 -- which is
highly dependent on the average interest rate on the newly rated
debt. Moody's estimates adjusted financial leverage in the
low-to-mid 6 times (Debt/EBITDA) on a pro forma basis for the
twelve months ended December 31, 2015. The adjusted financial
leverage calculation incorporates Moody's standard analytical
adjustments and does not incorporate all add-backs permitted by the
company's credit agreement calculation, which, in accordance with
calculations provided by management is 5.8x for the twelve months
ended December 31, 2015.

PQ has adequate liquidity to support operations in the near-term
driven by modest balance sheet cash, sufficient
internally-generated cash flow to cover maintenance capital
requirements, and a new undrawn $200 million asset-based revolving
credit facility. Moody's expects that PQ will have full access to
this facility and that maintenance covenants will be set at
customary levels across all tranches of secured debt. The ABL is
expected to have a springing financial maintenance covenant.

The stable outlook anticipates that adjusted financial leverage
will remain in the range of 6-7 times (Debt/EBITDA), effective
liquidity will remain near $200 million, and the company will
generate sufficient retained cash flow to cover comfortably
maintenance capital spending requirements over the next 18 months.
Moody's could upgrade the rating with expectations for adjusted
financial leverage sustained below 6.5 times (Debt/EBITDA),
retained cash flow sustained above 8% of debt (RCF/Debt), free cash
flow sustained above 3% of debt (FCF/Debt), and effective liquidity
sustained above $250 million. Moody's could downgrade the rating
with expectations for sustained negative free cash flow or
substantive deterioration in liquidity. Failure to complete the
proposed refinancing transaction could also have negative rating
implications as the majority of PQ's existing debt will mature in
2017 & 2018.

Headquartered in Malvern, Pa., PQ Corporation is a leading provider
of inorganic specialty chemicals, including sodium silicates,
silicate derivatives, catalysts, reflective glass spheres, and
engineered glass materials. CCMP Capital Advisors purchased a stake
in the company in late 2014. Affiliates of The Carlyle Group
previously purchased the company in a secondary leveraged buyout
from CCMP in July 2007. The company acquired INEOS' silica business
through a leveraged transaction in July 2008. INEOS and members of
management own the remainder of the company. Eco Services
Operations LLC is a sulfuric acid manufacturer and also owned by
CCMP.


QUANTUM FUEL: Taps Armory Securities as Investment Banker
---------------------------------------------------------
Quantum Fuel Systems Technologies Worldwide, Inc. seeks
authorization from the Hon. Mark S. Wallace of the U.S. Bankruptcy
Court for the Central District of California to employ Armory
Securities, LLC as investment banker.

The Debtor requires Armory Securities to:

   (a) familiarize itself with the business, operations,
       properties, financial condition and prospects of the
       Debtor;

   (b) advise and assist the Debtor in structuring and effecting
       the financial aspects of a Sale, subject to the terms and
       conditions of the Engagement Letter;

   (c) provide financial advice and assistance to the Debtor in
       connection with a Sale, identifying potential acquirers
       and, at the Debtor's request, contacting such potential
       acquirers;

   (d) assist the Debtor in preparing a memorandum to be used in
       soliciting potential acquirers, it being agreed that (A)
       the Sale Memorandum shall be based entirely upon
       information supplied by the Debtor, and (B) the Debtor
       shall be solely responsible for the accuracy and
       completeness of the Sale Memorandum;

   (e) assist the Debtor and/or participate in negotiations with
       potential acquirers; and

   (f) if requested by the Debtor, participating in hearings
       before the bankruptcy court with respect to the matters
       upon which Armory Securities has provided advice,
       including, as relevant, coordinating with the Debtor's
       counsel with respect to testimony in connection therewith.

The professional compensation of Armory Securities are:

    -- Non-Refundable Retainer. An engagement fee of $25,000,
       which was due and paid by the Debtor upon the execution of
       the Engagement Letter and shall be non-refundable. In the
       event of a Sale transaction, the Non-Refundable Retainer
       shall be applied against the Sale Transaction Fee.

    -- Sale Fee: If at any time during the term of this engagement

       or within the eighteen full months following the
       termination of this engagement, (x) any Sale is
       consummated, or (y) an agreement in principle or definitive

       agreement to effect a Sale is entered into, and
       concurrently therewith or at any time thereafter any Sale
       is consummated, Armory Securities shall be entitled to
       receive a transaction fee, contingent upon the consummation

       of a Sale and payable at the closing thereof, which shall
       be equal to the following:

       - 3% of the Transaction Value up to the first $17.5
         million of Transaction Value; plus

       - 4% of the Transaction Value for any aggregate amounts
         that exceed $17.5 million; less

       - the Non-Refundable Retainer.

    -- Minimum Fee: Notwithstanding the foregoing, the minimum fee

       payable to Armory Securities in connection with any Sale
       shall not be less than $375,000.

Prior to the Petition Date, pursuant to the terms of the Engagement
Letter, Armory Securities received $25,000 as a Non-Refundable
Retainer. As of the Petition Date, based upon the Perison
Declaration, Armory Securities did not hold a claim against the
Debtor.

Eben Paul Perison, managing director of Armory Securities, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Armory Securities can be reached at:

       Eben Paul Perison
       ARMORY SECURITIES, LLC
       1230 Rosecrans Avenue, Suite 660
       Manhattan Beach, CA 90266
       Tel: (310) 798-7777
       Fax: (310) 798-6277

                        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.



RANCHO PALOMITA: Case Summary & 17 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Rancho Palomita Advisors, LLC
        P.O. Box 64182
        Tucson, AZ 85728

Case No.: 16-04036

Chapter 11 Petition Date: April 14, 2016

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

Judge: Hon. Scott H. Gan

Debtor's Counsel: Eric Slocum Sparks, Esq.
                  ERIC SLOCUM SPARKS PC
                  110 S Church Ave #2270
                  Tucson, AZ 85701
                  Tel: 520-623-8330
                  Fax: 520-623-9157
                  E-mail: law@ericslocumsparkspc.com

Total Assets: $0

Total Liabilities: $1.62 million

The petition was signed by Richard A Spross, managing member.

A list of the Debtor's 17 largest unsecured creditors is available
for free at http://bankrupt.com/misc/azb16-04036.pdf


REEVES DEVELOPMENT: Ask Court to Approve Amended Agreement
----------------------------------------------------------
IBERIABANK and debtors Reeves Development, LLC, et al., ask the
U.S. Bankruptcy Court for the Western District of Louisiana, Lake
Charles Division, to approve the Settlement Agreement executed
between the Reeves Parties and the Bank Parties.

The Reeves Parties consist of the Debtors, Suzanne Reeves, Charles
Reeves, and MMA, Inc.  The Bank Parties consist of IBERIABANK, for
itself and as successor in interest by merger to Cameron State Bank
and Cameron Banc-Shares, Inc., and Morgan S. Harmison.

The Parties have agreed to certain modifications of the Settlement
Agreement that was approved in the Debtors' bankruptcy cases.  The
Parties ask the Court to enter an order approving the Amended
Agreement among the Reeves Parties and the Bank Parties.

IBERIABANK is represented by:

          Ronald J. Bertrand, Esq.
          714 Kirby Street
          Lake Charles, LA 70601
          Telephone: (337)436-2541
          Facsimile: (337)436-7591
          E-mail: rjblawoffice@aol.com

Reeves Development Company and its affiliated debtors are
represented by:

          Arthur A. Vingiello, Esq.
          William E. Steffes, Esq.
          STEFFES, VINGIELLO & MCKENZIE, LLC
          13702 Coursey Blvd., Building 3
          Baton Rouge, LA 70817
          Telephone: (225)751-1751
          Facsimile: (225)751-1998
          E-mail: avingiello@steffeslaw.com

                 About Reeves Development Company

Reeves Development Company, LLC, a commercial and residential
real estate developer, filed a Chapter 11 petition (Bankr. W.D.
La. Case No. 12-21008) in Lake Charles, Louisiana, on Oct. 30,
2012. The closely held developer was founded in 1998 by Charles
Reeves  Jr., its sole owner. Reeves Development has about 80
employees  and generates about $40 million in annual revenue,
according to its Web site.

Bankruptcy Judge Robert Summerhays oversees the case. Arthur
A. Vingiello, Esq., at Steffes, Vingiello & McKenzie, LLC, in
Baton Rogue, Louisiana, represents the Debtor as counsel.

Reeves Development scheduled assets of $15,454,626 and
liabilities of $20,156,597 as of the Petition Date.

Affiliate Reeves Commercial Properties, LLC (Bankr. W.D. La.
Case No. 12-21009) also sought court protection.


REGENT PARK: First State Bank Wants Stay Terminated
---------------------------------------------------
First State Bank Central Texas asks the U.S. Bankruptcy Court for
the Western District of Texas, Austin Division, to terminate the
automatic stay in the Chapter 11 case of Regent Park Capital, LLC.

First State Bank contends that as of the Petition Date, it is owed
$2,050,372 by the Debtor.  First State Bank filed a proof of claim
in the amount of $2,239,025.  The Debtor's collateral loan
portfolio includes the following First State Bank collateral
loans:

       Loan No.       Borrower            Original Note Amount
       --------       --------            --------------------
       103002         527 Moody LP        $1,125,000
       119003         Apostolic Church       585,000
       306002         JSJM Properties        258,750
       503006         Magnolia Lonestar      750,000
       516002         Longhorn Crossing      450,000
       517001         Mateo, C.              157,000
       129001         Bautista, P.            56,500
       314001         Hurtado-Nava, D.        22,800

The Debtor collaterally assigned the First State Bank Collateral
Loans to First State Bank at the time the Collateral Loans were
originated.

The Debtor made loans to Collateral Borrowers on a short-term basis
for the acquisition and development of real property in Texas.
Each Collateral Borrower executed a Promissory Note secured by a
Deed of Trust on the Collateral Real Property.  The Debtor borrowed
money from First State Bank under a revolving line of credit to
fund the Collateral Loans. First State Bank funded only a portion
of the First State Bank Collateral Loan amount, and the Debtor
funded the balance of the First State Bank Collateral Loan to the
Collateral Borrowers.  In turn, the Debtor pledged the notes and
deeds of trust securing the First State Bank  Collateral Loans to
First State Bank as collateral for the First State Bank Note.

The Court terminated the automatic stay pursuant to the Stipulation
and Agreed Order Lifting Stay of First State Bank on certain First
State Bank Collateral Loans and Collateral Real Property, with the
exception of the following: (1) Loan 103002 - 527 Moody LP; (2)
Loan 517001 - Mateo; (3) Loan 129001 -  Bautista; and (4) Loan
314001 - Hurtado-Nava.  First State Bank contends that it has
foreclosed on all Collateral Real Property securing the First State
Bank Collateral Loans referenced in the Agreed Order.

First State Bank contends that the indebtedness owed to it has been
credited with the bid prices received at the foreclosure of the
Collateral Real Property referenced in the Agreed Order.  It
further contends that the balance owing to First State Bank on its
claim as of Dec. 11, 2015 is $1,311,569, exclusive of attorney's
fees, expenses, and other charges.

First State Bank seeks to terminate the automatic stay to allow
itself the right to exercise its rights under the loan documents
between the Debtor and First State Bank and to foreclose on the
First State Bank Collateral Loans and the First State Bank Pledged
Collateral.  First State Bank requests that the automatic stay be
terminated on the remaining First State Bank Collateral loans and
the First State Bank Pledged Collateral.

First State Bank Central Texas is represented by:

          Blake Rasner, Esq.
          HALEY & OLSON PC
          510 N. Valley Mills Drive, Suite 600
          Waco, Texas 76710
          Telephone: (254)776-3336
          Facsimile: (254)776-6823
          E-mail: brasner@haleyolson.com

                     About Regent Park Capital

Formed in 1999 under the name Pokorne Private Capital Group, LLC,
Regent Park Capital, LLC, is a hard-money lender 100% owned by
Lester N. Pokorne, the sole managing member.  With only two
employees, Regent Park made loans to borrowers on a short-term
basis for the acquisition and/or development of real property in
Texas, mainly Austin, but also the Houston and Dallas areas.

Regent Park Capital filed a Chapter 11 bankruptcy petition (Bankr.
W.D. Tex. Case No. 14-11731) on Nov. 21, 2014.  The petition was
signed by Lester N. Pokorne as managing member.  The Debtor
estimated assets of $10 million to $50 million and liabilities of
$1 million to $10 million.

Husch Blackwell LLP serves as the Debtor's bankruptcy counsel.

Pursuant to an order dated Jan. 15, 2015, the Court approved
Pokorne to provide debtor-in-possession financing in the amount of
$18,000 per month through July 2015.

On June 4, 2015, the Debtor filed an emergency motion to extend the
automatic stay seeking to extend the stay under Sec. 362 and 105
and enjoin PlainsCapital from prosecuting its lawsuit against
Pokorne filed in the 419th District Court of Travis County, Texas.

The Debtor sought to extend the stay to Pokorne because he is
essential to the Debtor's reorganization efforts.  On June 16,
2015, the Court denied the Debtor's motion.


RELIANCE INTERMEDIATE: S&P Affirms 'BB+' CCR, Outlook Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its ratings on
Reliance Intermediate Holdings L.P. (RIHLP) and subsidiary Reliance
L.P. (collectively, Reliance), including its 'BB+' long-term
corporate credit rating on both entities.  The outlook is
negative.

S&P revised its outlook on Reliance to negative from stable in
March 2015 to reflect S&P's view that leverage was high for the
rating.  Since then, Reliance's EBITDA performance and debt
repayment were roughly in line with S&P's expectations.  However, a
stronger-than-expected U.S. dollar slowed the pace of deleveraging
and S&P now expects it will take the company until the second half
of 2016 to return adjusted debt-to-EBITDA to below our key 5x
threshold.  RIHLP's U.S.-dollar-denominated notes are translated
into Canadian dollars for reporting purposes with no offset from
the company's Canadian operations.

"The affirmation incorporates our base-case forecast that Reliance
will improve consolidated adjusted debt-to-EBITDA to below 5x in
the second half of 2016," said Standard & Poor's credit analyst
Alessio Di Francesco.  "We believe the company can achieve this
target by using its free operating cash flow to pay down the amount
outstanding on its revolving credit facility in lieu of shareholder
distributions," Mr. Di Francesco added.

This supports S&P's view that the financial-sponsor owner (Alinda
Capital Partners Ltd.) is willing to manage distributions to
maintain a leverage target in line with S&P's aggressive financial
risk profile.

"We assess RIHLP's credit profile on a consolidated basis with its
subsidiary Reliance L.P. RIHLP is a pure holding company whose only
asset is its equity interest in Reliance L.P.  The consolidated
entity has a large debt load from the June 2007 acquisition of its
assets by Alinda Infrastructure Fund I L.P., managed by Alinda
Capital Partners Ltd., a private investment firm specializing in
infrastructure assets.  We apply our 'FS-5' financial sponsor
modifier, which supports our view of Reliance's aggressive
financial risk profile instead of the more common highly leveraged
assessment for financial sponsor-owned companies. This incorporates
our expectation that adjusted debt-to-EBITDA will return to below
5x in the second half of 2016, our perception that the risk of
re-leveraging above 5x is low, and our assessment of liquidity as
adequate," S&P said.

The negative outlook reflects S&P's expectation that consolidated
adjusted debt-to-EBITDA will remain above S&P's key 5x threshold
for most of the year and that it could lower the ratings within the
next 12 months if leverage does not improve in line with S&P's
base-case forecast.

S&P could lower the ratings if it expects consolidated adjusted
debt-to-EBITDA to remain above 5x at the end of 2016, which could
occur because of persistently aggressive shareholder distributions
or if the U.S. dollar strengthens against the Canadian dollar.

S&P could revise the outlook to stable within the next 12 months if
consolidated adjusted debt-to-EBITDA improves to below 5x,
incorporating S&P's expected EBITDA growth and debt repayment.  A
stable outlook would also be based on S&P's view that the risk of
leverage returning above 5x is low.



REPUBLIC AIRWAYS: Aero Supply Transfers $6K Claim to Sonar Credit
-----------------------------------------------------------------
In the Chapter 11 case of Republic Airways Holdings Inc., one claim
switched hands in March 2016:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Sonar Credit Partners         Aero Supply USA         $6,949.01
III, LLC
80 Business Park Drive
Suite 208, Armonk
NY 10504

                  About Republic Airways Holdings

Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation.  Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000       


flights daily to 105 cities in 38 states, Canada, the Caribbean,
and the Bahamas through Republic's fixed-fee codeshare agreements
under our major airline partner brands of American Eagle, Delta
Connection and United Express.  The airlines currently employ
about 6,000 aviation professionals.  

On Feb. 25, 2016, Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter
11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York.   The
Debtors have requested that their cases be jointly administered
under Case No. 16-10429.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer.
Judge Sean H. Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring. Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and
noticing agent.


REPUBLIC AIRWAYS: Committee Hires Imperial as Investment Banker
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Republic Airways
Holdings, Inc., et al., seeks authorization from the U.S.
Bankruptcy Court for the Southern District of New York to retain
Imperial Capital, LLC as investment banker and co-financial advisor
to the Committee, nunc pro tunc to March 4, 2016.

The Committee requires Imperial to:

   (a) analyze the Company's business, operations, financial
       condition, financial liquidity, and financial forecast;

   (b) evaluate any proposed debt or equity financing of the
       Company, including DIP financing;

   (c) analyze of debt capacity and alternative capital
       structures for the ongoing operations of the Company;

   (d) assist the Committee in developing, evaluating,
       structuring and negotiating the terms and conditions of a
       potential plan of reorganization or other restructuring,
       including modifications to the Debtors' capacity purchase
       agreements and the value of any securities, if any, that
       may be issued under a restructuring plan;

   (e) analyze any potential divestitures or a sale of
       substantially all of the assets of the Company;

   (f) provide expert testimony and written reports as may be
       requested by the Committee in support of services
       provided herein; and

   (g) provide other advisory services with respect to the
       Company's financial issues as may from time to time be
       agreed upon between the Committee and Imperial Capital.

Imperial will be paid at these hourly rates:

     Level                                   Hourly Rate

      Managing Director                       $1,050
      Senior Vice President                   $900
      Vice President                          $675
      Associate (Senior)                      $550
      Associate (Junior)                      $475
      Analyst (Senior)                        $400
      Analyst (Junior)                        $300

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

Marc Bilbao, managing director of Imperial Capital, LLC, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Mr. Bilbao says certain parties in interest in the Debtor's case,
including:

      Allianz Life Insurance Co; Axar Capital Management, LP;
      Axar Capital Management, LP; BMO Retirement Services; CIT
      Group/Corporate Aviation, Inc.; Commerce and Industry
      Insurance Co. per AIG Aerospace Adjustment Services, Inc.;
      Commerzbank AG; Credit Agricole CIB; Dimensional Fund
      Advisors LP; Federal Insurance Company; Federal Insurance
      Company; FMS Wertmanagement; Key Bank; Landesbank Hessen-
      Thuringen Girozentrale (Helaba); Liberty Property; Manning
      & Napier Advisors, LLC; Metlife Inc-Repurchase Issuer &
      Melife; Natixis Transport Finance; New York Life; Polaris
      Capital Management; PPG Industries-Purchase Issuer;
      Silvermine; Stelliam Asset; Travelers Travelers IG; Verizon
      Communication Repurchase Issuer; Verizon Communications;
      Waste Management Inc.; Wells Fargo Bank NA;

and certain of their affiliates may be clients of the named firm's
sales and trading department, and periodically buy and sell
securities through Imperial Capital as their broker dealer.

Imperial can be reached at:

     Marc Bilbao
     IMPERIAL CAPITAL, LLC
     2000 Avenue of the Stars, 9th Floor South
     Los Angeles, CA 90067
     Tel: (310) 246-3700
     Fax: (310) 777-3000

                              About Republic Airways

Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation. Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000
flights daily to 105 cities in 38 states, Canada, the Caribbean,and
the Bahamas through Republic's fixed-fee codeshare agreements under
our major airline partner brands of American Eagle, Delta
Connection and United Express. The airlines currently employ about
6,000 aviation professionals.

On Feb. 25, 2016 Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York. The Debtors
have requested that their cases be jointly administered under Case
No. 16-10429. The petitions were signed by Joseph P. Allman as
senior vice president and chief financial officer. Judge Sean H.
Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring. Seabury
Group LLC is serving as financial advisor. Deloitte & Touche LLP is
the independent auditor. Prime Clerk is the claims and noticing
agent.



REPUBLIC AIRWAYS: Hires Norton Rose Fulbright as Attorneys
----------------------------------------------------------
Republic Airways Holdings, Inc., and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the Southern District
of New York to employ Norton Rose Fulbright LLP as Special
Transactional DIP and Aircraft Finance Attorneys, nunc pro tunc to
March 3, 2016.

Republic proposes to hire NRF as special counsel in connection with
potential a debtor-in-possession financing facility in addition to
ordinary course aircraft financing transactions.

NRF will be paid at these hourly rates:

   Partners                                     $595-$1,155
   Senior Associates                            $460-$840
   Senior Counsel                               $525-$940
   Counsel                                      $240-$850
   Associates                                   $230-$760
   Paralegals                                   $165-$465
   Senior Paralegals                            $230-$415

NRF has provided the Debtors with a 10% discount against standard
rates and will continue to do in the chapter 11 cases.

As set forth in the Declaration by David A. Rosenzweig, Esq.,
within 90 days of the Commencement Date, NRF received payments in
the amount of $47,147.72 for services performed and expenses
incurred for Republic, including in preparation for the
commencement of these chapter 11 cases. These payments were made
pursuant to regular monthly invoices issued by NRF to Republic in
the ordinary course of Republic's and NRF's respective businesses
and such payments mirror historical payments made to NRF for
services performed and expenses incurred for Republic. All
outstanding amounts owed to NRFas of the Commencement Date has been
waived. As further described in Rosenzweig Declaration, NRF
continues to hold $10,624.68 in overpayments from Republic which
will apply to Court-aprroved post-petition fees and expenses.

David A. Rosenzweig, partner of Norton Rose Fulbright LLP, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Consistent with the United State Trustees' Appendix B - Guidelines
for Reviewing Applications for Compensation and Reimbursement of
Expenses Filed Under 11 U.S.C. Sec. 330 by Attorneys in Larger
Chapter 11 Cases, which became effective on November 1, 2013, Mr.
Rosenzweig attested that:

     -- NRF has not agreed to a variation of its standard or
customary billing arrangements for these chapter 11 cases or for
NRF's services as counsel, other than to provide a 10% discount.

     -- None of the Firm's professionals involved in these chapter
11 cases have varied their rate based on the geographic location of
these chapter 11 cases.

     -- NRF has represented the Debtors for the 12 months leading
to the Commencement Date. Paragraph 9 herein discloses the 2016
billing rates used by NRF for the prepetition engagement. NRF's
billing rates and material financial terms with respect to this
matter have not changed postpetition.  The Firm's billing rates are
adjusted annually effective January 1 and thus the Firms's billing
rates generally as of January 1, 2016 are adjusted from those rates
that were generally in effect prior to that date.

     -- The Debtors will be approving a prospective budget and
staffing for NRF's engagement for the post-petition period as
appropriate. The budget may be amended as necessary to reflect
changed or unanticipated developments.

NRF can be reached at:

      David A. Rosenzweig, Esq.
      NORTON ROSE FULBRIGHT LLP
      666 Fifth Avenue
      New York, NY 10103

                  About Republic Airways Holdings

Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation.  Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000       


flights daily to 105 cities in 38 states, Canada, the Caribbean,
and the Bahamas through Republic's fixed-fee codeshare agreements
under our major airline partner brands of American Eagle, Delta
Connection and United Express.  The airlines currently employ
about 6,000 aviation professionals.  

On Feb. 25, 2016 Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter
11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York.   The
Debtors have requested that their cases be jointly administered
under Case No. 16-10429.  The petitions were signed by Joseph P.
Allman as senior vice president and chief financial officer.
Judge Sean H. Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring. Seabury
Group LLC is serving as financial advisor.  Deloitte & Touche LLP
is the independent auditor.  Prime Clerk is the claims and noticing
agent.


RESIDENTIAL CAPITAL: von Brincken's Suit vs. GMAC Mortgage Junked
-----------------------------------------------------------------
In a Memorandum Opinion and Order dated March 25, 2016, which is
available at http://is.gd/YvN8Fsfrom Leagle.com, Judge Martin
Glenn of the United States Bankruptcy Court for the Southern
District of New York dismissed, with prejudice, the amended
adversary complaint captioned The adversary case is Shelley von
Brincken Plaintiff, v. GMAC Mortgage, LLC, ETS Services, LLC, Ocwen
Loan Servicing LLC, and Does 1-20, Defendants, Adv. Pro. Case No.
13-01436 (MG)(Bankr. S.D.N.Y.).

The bankruptcy case is In re: RESIDENTIAL CAPITAL, LLC, et al.,
Debtors, Case No. 12-12020 (MG), Jointly Administered (Bankr.
S.D.N.Y.).

GMAC MORTGAGE, LLC, ET AL, or Assignee, ETS Services, LLC,
Defendant, is represented by Norman Scott Rosenbaum, Esq. --
nrosenbaum@mofo.com -- Morrison & Foerster LLP.

OCWEN LOAN SERVICING, LLC, Defendant, is represented by Bernard
Jaron Kornberg, Esq. -- bjk@severson.com -- Severson & Werson.

                  About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012. Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap. Morrison & Foerster LLP is acting as legal
adviser to ResCap. Curtis, Mallet-Prevost, Colt & Mosle LLP is
the conflicts counsel. Rubenstein Associates, Inc., is the
public relations consultants to the Company in the Chapter 11
case. Morrison Cohen LLP is advising ResCap's independent
directors. Kurtzman Carson Consultants LLP is the claims and
notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of
its mortgage servicing and origination platform assets to Ocwen
Loan Servicing, LLC and Walter Investment Management Corporation
for $3 billion; and its portfolio of roughly 50,000 whole loans
to Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


RESOLUTE ENERGY: S&P Affirms 'CCC-' CCR, Outlook Negative
---------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'CCC-' corporate
credit rating on Denver-based Resolute Energy Corp.  The outlook is
negative.

At the same time, S&P raised the rating on the company's
second-lien term loan to 'CCC-' from 'CC' and revised the recovery
rating on this loan to '3' from '5'.  The '3' recovery rating
indicates S&P's expectation of meaningful (50%-70%, lower half of
range) recovery in the event of a payment default.  S&P also
affirmed the 'C' issue-level rating on the company's senior
unsecured notes.  The recovery rating on these notes remains '6',
indicating S&P's expectation of negligible (0%-10%) recovery in the
event of a payment default.

"We raised the rating on the second-lien term loan rating and
revised the recovery rating to reflect the reduced level of
expected first-lien lien debt at default following the reduction of
the borrowing base on the company's credit facility," said Standard
& Poor's credit analyst Paul Harvey.  "In addition, we revised our
assessment of liquidity to less than adequate from adequate,
reflecting the impact of lower expected borrowing capacity on the
company's credit facility," he added.

The negative outlook reflects the potential for a downgrade if the
company announced a debt exchange that S&P views as distressed, or
if liquidity further deteriorated, which could occur if the company
violated covenants under its revolving credit facility.

S&P could lower the rating if the company announced a distressed
exchange of its debt or if liquidity further deteriorated, which
could occur if the company violated covenants under its revolving
credit facility.

S&P could consider a positive rating action if it no longer
believed the company would consider a distressed exchange.


RG STEEL: Court Reduces Costs Taxed Against Kinder Morgan
---------------------------------------------------------
Judge William M. Nickerson of the United States District Court for
the District of Maryland granted in part and denied in part the
defendant's motion to review the Clerk's order taxing costs in the
case captioned RG STEEL SPARROWS POINT, LLC f/k/a SEVERSTAL
SPARROWS POINT, LLC Plaintiff, v. KINDER MORGAN BULK TERMINALS,
INC. d/b/a KINDER MORGAN CHESAPEAKE BULK STEVEDORES Defendant,
Civil Action No. WMN-09-1668 (D. Md.).

A full-text copy of Judge Nickerson's April 7, 2016 memorandum
opinion is available at http://is.gd/vioSadfrom Leagle.com.

RG Steel Sparrows Point, LLC, f/k/a Severstal Sparrows Point, LLC
is represented by:

          Linda S Woolf, Esq.
          GOODELL DEVRIES LEECH AND DANN LLP
          One South Street 20th Floor
          Baltimore, MD 21202
          Tel: (410)783-4000
          Fax: (410)783-4040
          Email: lsw@gdldlaw.com

            -- and --

          Brian W Lewis, Esq.
          Denise A Lazar, Esq.
          Gregory Bassi, Esq.
          Paul Olszowka, Esq.
          BARNES AND THORNBURG LLP
          One North Wacker Drive, Suite 4400
          Chicago, IL 60606-2833
          Tel: (312)357-1313
          Fax: (312)759-5646
          Email: brian.lewis@btlaw.com
                 denise.lazar@btlaw.com
                 paul.olszowka@btlaw.com

Kinder Morgan Bulk Terminals, Inc., doing business as Kinder Morgan
Chesapeake Bulk Stevedores is represented by:

          Eugene J O Connor, Esq.
          CHALOS O CONNOR LLP

            -- and --

          J Stephen Simms, Esq.
          John Thomas Ward, Esq.
          SIMMS SHOWERS LLP
          201 International Circle, Suite 250
          Hunt Valley, MD 21030
          Tel: (410)783-5795
          Fax: (410)510-1789
          Email: jssimms@simmsshowers.com

            -- and --

          Joseph Michael Rainsbury, Esq.
          LECLAIR RYAN PC
          1800 Wells Fargo Tower
          Drawer 1200
          Roanoke, VA 24006
          Tel: (540)510-3000
          Fax: (540)510-3050
          Email: joseph.rainsbury@leclairryan.com

            -- and --

          Thomas Marshall Wolf, Esq.
          LECLAIR RYAN PC
          919 East Main Street
          Twenty-Fourth Floor
          Richmond, VA 23219
          Tel: (804)783-2003
          Fax: (804)783-2294
          Email: thomas.wolf@leclairryan.com

            -- and --

          Michael George Chalos, Esq.
          K&L GATES LLP
          599 Lexington Avenue
          New York, NY 10022-6030
          Tel: (212)536-3900
          Fax: (212)536-3901
          Email: michael.chalos@klgates.com

                         About RG Steel

RG Steel LLC -- http://www.rg-steel.com/-- is the United States'  


fourth-largest flat-rolled steel producer with annual steelmaking
capacity of 7.5 million tons.  It was formed in March 2011
following the purchase of three steel facilities located in
Sparrows Point, Maryland; Wheeling, West Virginia and Warren,
Ohio, from entities related to Severstal US Holdings LLC.  RG
Steel also owns finishing facilities in Yorkville and Martins
Ferry, Ohio.  It also owned Wheeling Corrugating Company and has a
50% ownership in Mountain State Carbon and Ohio Coatings Company.

RG Steel along with affiliates, including WP Steel Venture LLC,
sought bankruptcy protection (Bankr. D. Del. Lead Case No. 12-
11661) on May 31, 2012.  Bankruptcy was precipitated by liquidity
shortfall and a dispute with Mountain State Carbon, LLC, and a
Severstal affiliate, that restricted the shipment of coke used in
the steel production process.

The Debtors estimated assets and debts in excess of $1 billion.
As of the bankruptcy filing, the Debtors owe (i) $440 million,
including $16.9 million in outstanding letters of credit, to
senior lenders led by Wells Fargo Capital Finance, LLC, as
administrative agent, (ii) $218.7 million to junior lenders, led
by
Cerberus Business Finance, LLC, as agent, (iii) $130.5 million on
account of a subordinated promissory note issued by majority owner
The Renco Group, Inc., and (iv) $100 million on a secured
promissory note issued by Severstal.

Judge Kevin J. Carey presides over the case.

The Debtors are represented in the case by Robert J. Dehney, Esq.,
and Erin R. Fay, Esq., at Morris, Nichols, Arsht & Tunnell LLP,
and Matthew A. Feldman, Esq., Shaunna D. Jones, Esq., Weston T.
Eguchi, Esq., at Willkie Farr & Gallagher LLP, represent the
Debtors.  Conway MacKenzie, Inc., serves as the Debtors' financial
advisor and The Seaport Group serves as lead investment banker.
Donald MacKenzie of Conway MacKenzie, Inc., as CRO.  Kurtzman
Carson Consultants LLC is the claims and notice agent.

Wells Fargo Capital Finance LLC, as Administrative Agent, is
represented by Jonathan N. Helfat, Esq., and Daniel F. Fiorillo,
Esq., at Otterbourg, Steindler, Houston & Rosen, P.C.; and Laura
Davis Jones, Esq., and Timothy P. Cairns, Esq., at Pachuiski Stang
Ziehi & Jones LLP.

Renco Group is represented by lawyers at Cadwalader, Wickersham &
Taft LLP.

Kramer Levin Naftalis & Frankel LLP represents the Official
Committee of Unsecured Creditors.  Huron Consulting Services LLC
serves as the Committee's financial advisor.

The Debtor has sold off the principal plants.  The sale of the
Wheeling Corrugating division to Nucor Corp. brought in $7
million.  That plant in Sparrows Point, Maryland, fetched the
highest price, $72.5 million.  CJ Betters Enterprises Inc. paid
$16 million for the Ohio plant.  RG Steel Sparrows Point LLC has
received the green light to sell some of its assets to Siemens
Industry, Inc., which include equipment and related spare parts,
for $400,000.

A federal judge approved on Oct. 15, 2015, a structured settlement
of claims in RG Steel's Chapter 11 bankruptcy case that gives
United Steelworkers-related entities about 70% of the $17.4
million total to be distributed to creditors.


ROSEVILLE SENIOR LIVING: Court OKs $39-Mil. Sale to DiNapoli
------------------------------------------------------------
Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the
District of New Jersey authorized the sale of substantially all of
Roseville Senior Living Properties, LLC's assets free and clear of
liens, claims, interests and encumbrances to DiNapoli Capital
Partners, LLC.

The Asset Purchase Agreement contains, among others, these relevant
terms:

     (a) Purchased Assets: All of Debtor's assets, rights and
properties primarily pertaining to or used in connection with the
Business as existing on the Closing Date, other than the Excluded
Assets.

     (b) Excluded Assets: Includes, among others, all the Debtor's
cash, cash equivalents, bank deposits or similar cash items, all
securities owned by the Debtor and any Pre-Closing Accounts
Receivable or trade receivables owned by the Debtor.

     (c) Consideration: At Closing, Purchaser shall pay to Seller
an amount equal to the following:

          (i) cash in the amount of $39,000,000; and

          (ii) cash equal to the aggregate Cure Amounts payable or
reserved by the Purchaser.

Judge Kaplan held that the Chapter 11 Trustee had demonstrated both
(i) good, sufficient and sound business purposes and justifications
for, and (ii) compelling circumstances to consummate the Sale of
the Purchased Assets as contemplated by the Asset Purchase
Agreement other than the ordinary course of business.  Judge Kaplan
acknowledged that there is substantial risk of depreciation of the
value of Purchased Assets if the Sale is not consummated quickly,
which could result in creditor recoveries that are materially
diminished.  Judge Kaplan further acknowledged that the Asset
Purchase Agreement presents the best opportunity to maximize the
value of the Purchased Assets and avoid decline and devaluation of
the Purchased Assets.  He added that the offer made by DiNapoli as
reflected in the Asset Purchase Agreement constitutes the highest
or best offer received for the  Purchased Assets.

Mr. Falanga also sought for and obtained from Judge Kaplan,
authorization to enter into a subordination agreement, in
connection with the closing of the sale of substantially all of the
Debtor's assets to DiNapoli Capital Partners, LLC.

Stephen V. Falanga, Chapter 11 Trustee, is represented by:

          Christopher M. Hemrick, Esq.
          CONNELL FOLEY LLP
          One Newark Center
          1085 Raymond Blvd., 19th Floor
          Newark, NJ 07102
          Telephone: (973)757-1100
          Facsimile: (973)757-1090
          E-mail: chemrick@connellfoley.com

                   About Roseville Senior Living

Roseville Senior Living Properties, LLC, owns and operates a
senior assisted living housing facility in Roseville, California.
It filed for Chapter 11 bankruptcy (Bankr. D.N.J. Case No.
13-31198) on Sept. 27, 2013, in Newark, New Jersey.

The petition was signed by Michael Edrel.  Edrel is the managing
director of Meecorp Capital Markets, LLC, the manager o f the
Debtor.

Walter J. Greenhalgh, Esq., at Duane Morris, LLP, represents
Roseville Senior Living Properties as counsel.  Friedman LLP serves
as the Debtor's accountant.

Roseville Senior Living Properties estimated $10 million to $50
million in assets, and $1 million to $10 million in liabilities.
In its schedules filed with the Bankruptcy Court, the Debtor
indicated total assets and total debts as "Unknown", a copy of
which is available for free at:

       http://bankrupt.com/misc/rosevillesenior.doc54.pdf

The United States Trustee for Region 3 appointed Joseph Rodrigues,
State Long Term Care Ombudsman, California Department of Aging, as
the Patient Care Ombudsman in the Debtor's case.


RWL INVESTMENTS: Hires Sullivan & Co as Accountant
--------------------------------------------------
RWL Investments, LLC seeks authorization from the U.S. Bankruptcy
Court for the Eastern District of Arkansas to employ Sullivan & Co.
as accountant, nunc pro tunc to the March 8, 2016 petition date.

The Debtor seeks to employ Sullivan & Co. to perform accounting
functions, including, but not limited to, the preparation of
financial statements and bankruptcy operating reports; and
preparation and filing of state and federal income, use, and
personal property tax returns.

Sullivan & Co. will be paid at these hourly rates:

       Paula Sullivan           $100
       Para-professionals       $60

Sullivan & Co. will also be reimbursed for reasonable out-of-pocket
expenses incurred.

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

Sullivan & Co. can be reached at:

       Paula Sullivan
       Sullivan & Co.
       16201 Maumelle Blvd.
       Maumelle, AR 72113
       Tel: (501) 851-1088

                   About RWL Investments

RWL Investments, LLC filed a Chapter 11 bankruptcy petition (Bankr.
E.D. Ark. Case No. 16-11251) on March 8, 2016.  The petition was
signed by Ryan Lazenby as manager.  Keech Law Firm, P.A.,
represents the Debtor as counsel.  The Debtor listed total assets
of $11.11 million and total debts of $8.57 million.


SABLE OPERATING: Can Use Cash Collateral for Another 30 Days
------------------------------------------------------------
A U.S. bankruptcy court overseeing the Chapter 11 case of Sable
Operating Co. is set to hold a hearing on May 3 to consider whether
the company should continue to use the cash collateral of its
lenders.

The U.S. Bankruptcy Court for the Northern District of Texas had
earlier allowed the company to use the cash collateral for another
30 days to support its operations.  The order was issued on April
7, court filings show.

                   About Sable Operating Company

Sable Operating Company, doing business as Nytex Petroleum, Inc.,
owns an approximate 20,000 acres of oil and gas leases in Palo
Pinto County, Texas that it purchased in October of 2014.

Sable Operating Company sought Chapter 11 protection (Bankr. N.D.
Tex. Case No. 15-33460) in Dallas on Aug. 28, 2015.  The case is
assigned to Judge Stacey G. Jernigan.  

Joyce W. Lindauer, Esq., at Joyce W. Lindauer Attorney, PLLC, in
Dallas, serves as counsel to the Debtor.

On Oct. 28, 2015, the Debtor disclosed total assets of $12.28
million and total debts of $16.54 million.


SALIENT PARTNERS: S&P Affirms 'B+' ICR Then Withdraws Rating
------------------------------------------------------------
Standard & Poor's Ratings Services said it affirmed its 'B+' issuer
credit and 'BB-' senior secured issue ratings on Salient Partners
L.P.  Subsequently, S&P withdrew both ratings, as well as the '2'
recovery rating on the senior secured debt issuance, at the
company's request.  At the time of the withdrawal, the rating
outlook was stable.

Salient had $13.8 billion in assets under management as of Sept.
30, 2015.  "Our ratings on Salient were based on the company's
considerable debt leverage, low interest coverage, and limited
scale and market position given its size, although we believe the
company has a meaningful market share within the liquid
alternatives sector in asset management," said Standard & Poor's
credit analyst Sebnem Caglayan.



SANDRIDGE ENERGY: Activist Hedge Funds Wounded by Bets
------------------------------------------------------
Ryan Dezember, writing for Dow Jones' Daily Bankruptcy Review,
reported that activist investors lobbied successfully a few years
ago to remove Tom Ward from SandRidge Energy Inc., the oil-and-gas
producer he founded and led, but their coup proved an investing
disaster.

According to the report, once a star among the new breed of shale
producers with a market capitalization of more than $11 billion,
SandRidge is now struggling to stay afloat under a pile of debt.
The company said in a securities filing that it is considering
chapter 11 bankruptcy protection and in January, its shares were
removed from the New York Stock Exchange; they now trade
over-the-counter for about a nickel apiece, the report noted.

TPG-Axon Capital Management LP, which led the campaign to oust the
CEO, and Mount Kellett Capital Management LP each lost more than
$150 million in the company's decline, as did a longtime supporter
of Mr. Ward, veteran Canadian investor Prem Watsa, according to an
analysis of securities filings by The Wall Street Journal.  Mr.
Ward, meanwhile, left SandRidge with a severance package of roughly
$90 million, one of the industry's richest ever, the report noted.
Then he started Tapstone Energy, a closely held explorer that
drills in Oklahoma, Texas and Kansas, the report said.

                    About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas  
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

                      *     *     *

The Troubled Company Reporter, on March 22, 2016, reported that
Standard & Poor's Ratings Services raised its corporate credit
rating on oil and gas exploration and production company SandRidge
Energy Inc. to 'CCC-' from 'D'.  The outlook is negative.

S&P also raised the issue-level rating on the company's
second-lien
debt to 'CCC+' from 'D'.  The recovery rating on the second-lien
debt remains '1', indicating S&P's expectation of very high (90%
to
100%) recovery in the event of default.  The rating on the
company's unsecured debt remains 'D' and the recovery rating
remains '6', indicating S&P's expectation of negligible (0%-10%)
recovery in the event of default.  S&P also raised the rating on
the company's convertible preferred stock to 'C' from 'D'.

"The 'CCC-' corporate credit rating reflects our view that
SandRidge is likely to pursue a restructuring within the next six
months," said Standard & Poor's credit analyst Ben Tsocanos.  "The
rating on the unsecured debt remains 'D' because we believe the
company may enter into additional distressed exchanges on this
debt," he added.


SEA SHELL COLLECTIONS: Stabilis Asks for Case Dismissal
-------------------------------------------------------
Stabilis Master Fund III, LLC, asks the U.S. Bankruptcy Court for
the Northern District of Florida, Pensacola Division, to dismiss
Sea Shell Collections, LLC's Chapter 11 bankruptcy case.

Stabilis owns and holds a mortgage first extended to the Debtor by
Synovus Bank in connection with certain real and personal property
known as the Publix Shopping Center, located at 8000-888 Gulf
Breeze Parkway, Gulf Breeze, Florida (Santa Rosa County).

Stabilis is owed in excess of $37,000,000 on the notes and
mortgages which the Debtor and the Debtor's affiliated entities
executed and delivered to Stabilis.  According to the valuation set
forth in the Debtor's Petition, the property owned by the Debtor is
worth approximately $22,000,000.

Stabilis contends that the Chapter 11 bankruptcy case should be
dismissed because the Debtor's petition wasn't filed in good faith
and that the Debtor does not possess the ability to effectuate
confirmation.  Stabilis further contends that the Debtor filed the
bankruptcy proceeding solely to stay the foreclosure sale of
Stabilis' collateral.

Stabilis recounts that the Debtor's prior Chapter 11 bankruptcy
proceeding was dismissed because the Debtor violated the Court's
Cash Collateral Order when it converted over $360,000 of Stabilis'
cash collateral.  Stabilis avers that the Debtor conceded that it
did not have any realistic prospect for reorganizing and consented
to Stabilis' motion to dismiss the previous bankruptcy case.

Stabilis relates that it then proceeded with the State Court
Foreclosure Proceeding, and that the State Court entered a
Foreclosure Judgment and set a sale of Stabilis' collateral.
Stabilis contends that minutes before the sale, the Debtor filed
the current Chapter 11 bankruptcy proceeding.

"Nothing has changed since the First Sea Shell Bankruptcy was
dismissed and the Debtor was enjoined from filing another
bankruptcy for 180 days.  In fact, the only difference in
circumstances is that the state court has been able to complete the
foreclosure of the property and the injunction has expired.  The
Debtor has not experienced a change in circumstances," Stabilis
avers.

Stabilis Master Fund III is represented by:

          John H. Adams, Esq.
          Cecily M. Welsh, Esq.
          EMMANUEL, SHEPPARD & CONDON
          30 S. Spring Street
          Pensacola, FL 32502
          Telephone: (850)433-6581
          Facsimile: (850)434-7163
          E-mail: jha@esclaw.com
                  cmw@esclaw.com

                    About Sea Shell Collections

Sea Shell Collections LLC, owner and operator of a shopping center,
filed a Chapter 11 bankruptcy petition (Bankr. N.D. Fla. Case No.
16-30304) on March 31, 2016.  The petition was signed by James C.
Moulton as president - Mouton Propertis, Inc., manager.

The Debtor listed total assets of $21.28 million and total
liabilities of $37.03 million.

Richard M Colbert PLLC represents the Debtor as counsel.


SHADYLANE HOLDINGS: Voluntary Chapter 11 Case Summary
-----------------------------------------------------
Debtor: Shadylane Holdings 1006, LLC
        P O Box 4858
        Laguna Beach, CA 92652

Case No.: 16-14826

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 14, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Debtor's Counsel: James Mortensen, Esq.
                  3700 Wilshire Blvd Ste 520
                  Los Angeles, CA 90010
                  Tel: 213-387-7414
                  Fax: 213-387-8414
                  E-mail: pimmsno1@aol.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by David G. Epstein, manager.

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


SHEEHAN PIPE LINE: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Sheehan Pipe Line Construction Company
        2431 E. 61st Street, Suite 700
        Tulsa, OK 74136

Case No.: 16-10678

Type of Business: Contractor

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Northern District of Oklahoma (Tulsa)

Judge: Hon. Terrence L. Michael

Debtor's Counsel: Mary E. Kindelt, Esq.
                  MCDONALD, MCCANN & METCALF & CARWILE, LLP
                  15 E. Fifth Street, Suite 1800
                  Tulsa, OK 74103
                  Tel: 918-430-3706
                  Fax: 918-430-3770
                  E-mail: mkindelt@mmmsk.com

                    - and -

                  Chad J. Kutmas, Esq.
                  MCDONALD, MCCANN & METCALF & CARWILE, LLP
                  15 E. Fifth Street, Suite 1400
                  Tulsa, OK 74103
                  Tel: (918) 430-3700
                  Fax: (918) 430-3770
                  E-mail: ckutmas@mmmsk.com

                    - and -

                  Gary M. McDonald, Esq.
                  MCDONALD, MCCANN, METCALF & CARWILE LLP
                  15 East 5th Street, Suite 1400
                  Tulsa, OK 74103
                  Tel: 918-430-3700
                  Fax: 918-490-3770
                  E-mail: gmcdonald@mmmsk.com

Total Assets: $90.21 million

Total Debt: $68.41 million

The petition was signed by Robert A. Riess, Sr., president and
CEO.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Arnold's Custom Seeding LLC       Materials, Goods     $5,244,721
4626 Wcr 65                          & Services
Keenesburg, CO 80643

Azul Estrella Services of         Materials, Goods     $1,044,247
Missouri, LLC                        & Services
10363 County Road 9510
West Plains, MO 65775

Balestrieri Environmental &       Materials, Goods       $680,000
Devel, INC                           & Serivces
1538 Country Club Pkwy
Elkhorn, WI
53121-3999

Cecil I. Walker Machinery         Materials, goods     $1,801,310
29773 Network                        & Services
Place Chicago, IL
60673-1297

Cleveland Brothers                Materials, Goods     $8,878,724
P.O. Box 417094                      & Services
Boston, MA
02241-7094

Cross Country                     Materials, Goods     $1,709,700
Pipeline Supply Co                   & Services
PO Box 843851
2251 Riffle St
Kansas City, MO
64184-3851

Fabick Tractor Co.                Materials, Goods     $1,253,931
PO Box 952121                       & Services
St Louis, MO
63195-2121

McK Construction                  Materials, Goods     $1,506,381
PO Box 302                          & Services
Carnegie, PA 15106

Northern Clearing, Inc.           Materials, Goods       $838,721
1805 Main St. W.                    & Services
Ashland, WI 54806

Ohio Cat                          Materials, Goods       $949,368
4439 Solutions Center               & Services
Chicago, IL
60677-4044

Ohio-West Virginia                Materials, Goods     $2,193,211
Excavating                          & Services
PO Box 128
Powhatan Point, OH 43942

Outlaw Padding                    Materials, Goods     $1,165,890
Company                             & Services
46631 N. 11Th Ave.
Phoenix, AZ
85087-7129

Profoam LLC                       Materials, Goods     $1,103,749
1868 Forsythe Ave #341               & Services
Monroe, LA 71201

Pss Companies                     Materials, Goods     $1,243,283
1010 Lamar Ste. 710                  & Services
Houston, TX 77002

Shaw Pipeline Service             Materials, Goods     $1,013,288
PO Box 972846                        & Services
Dallas, TX
75397-2846

Southeast                         Materials, Goods     $3,265,025
Directional Drilling LLC             & Services
3117 N Cessna
Avenue
Casa Grande, AZ 85122

Supreme Industries Inc.           Materials, Goods     $2,049,191
216 Bogue Rd                         & Services
Harwinton, CT 06791

Terra Restoration                 Materials, Goods       $890,708
Services, LLC                        & Services
105 Regency Place
West Monroe, LA 71291

United Rentals                    Materials, Goods       $714,334
PO BOX 840514                       & Services
DALLAS, TX
7528-0514

Western Supplies Inc.            Materials, Goods      $2,316,943
Po Box 551                         & Services
Wichita Falls, TX
76307-0551


SHEEHAN PIPE LINE: Files for Chapter 11 Bankruptcy Protection
-------------------------------------------------------------
Sheehan Pipe Line Construction Company, a contractor that
constructs pipelines in various states across the country, filed a
voluntary petition for relief under Chapter 11 of the United States
Bankruptcy Code on April 15, 2016, listing total assets of $90.21
million and total debts of $68.41 million.  

The Tulsa, Oklahoma-based Company said the bankruptcy filing was
precipitated by losses in prior years due to unprofitable jobs,
general economic downturn, and delays in pipeline construction jobs
caused by regulatory approval problem.  The Debtor currently has no
ongoing projects.

The primary assets of the Debtor consists of equipment used to
construct those pipelines.

McDonald, McCann & Metcalf & Carwile, LLP represents the Debtor as
counsel.

The petition was signed by Robert A. Riess, Sr., as president and
CEO.

The case is pending before Judge Terrence L. Michael, Case No.
16-10678.


SHUDDLE INC: Shuts Down Ride Service for Children
-------------------------------------------------
Cat Zakrzewski, writing for Dow Jones' Daily Bankruptcy Review,
reported that San Francisco-based Shuddle Inc., an on-demand ride
service for children, said it would shut down operations, a move
that comes after failing to raise more venture capital.

According to the report, the company had raised $12.2 million in
funding but struggled to attract more in a cooling funding
environment.  The company had 32 full-time employees as well as a
network of contractors it called "driver-caregivers," the report
related.

"We worked hard with our existing investors to find new financial
resources that would help us continue to grow," Shuddle Chief
Executive Doug Aley told the news agency.  "But we could not raise
the funding required to continue operations."

The shutdown hits after venture capital funding in the first
quarter of 2016 declined 25% from the previous quarter, the report
said, citing industry tracker Dow Jones VentueSource.  Investors
are growing particularly wary of services in the on-demand sector,
which saw a surge of investment following the popularity of
services like Uber Technologies Inc., the report related.


SIMPLY FASHION: Sand Capital Transfers $36K Claim to Westland
-------------------------------------------------------------
In the Chapter 11 cases of Adinath Corp. and Simply Fashion Stores,
Ltd., one claim switched hands in March 2016:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Sand Capital VI LLC     Westland Michigan Ave, LLC   $36,186.80
c/o Jay D. Stein        c/o Laura C. Reagle
Co-Chief Operating      Assistant Vice President
Officer                 National Safe Harbor Exchanges
Sand Capital VI LLC     60 E. Rio Salado Parkway, Suite 1103
10689 N.                Tempe, AZ 85281
Pennsylvania Street
Suite 100
Indianapolis
Indiana 46280

                   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.


SITEONE LANDSCAPE: S&P Raises CCR to 'B+'; Outlook Stable
---------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Roswell, Ga.-based SiteOne Landscape Supply Inc.
to 'B+' from 'B'.  The outlook is stable.

At the same time, S&P assigned its 'BB-' issue-level rating to the
company's proposed $250 million first-lien term loan due 2022.  The
recovery rating is '2', indicating S&P's expectation of substantial
(70% to 90%; at the upper end of the range) recovery in the event
of a payment default.  The debt will be held by the company's
subsidiaries and co-borrowers SiteOne Holding LLC and SiteOne
Landscape Supply LLC.

"The stable outlook reflects our expectation that SiteOne will
maintain adjusted debt to EBITDA between 3.25x and 3.75x and FFO to
debt between 15% and 20% over the next 12 months," said Standard &
Poor's credit analyst Michael Maggi.  "Although we continue to
expect an improvement in credit measures throughout 2016 and into
2017, helped by the company's acquisition strategy and continued
growth in U.S. residential and nonresidential construction markets,
our financial risk profile is capped at aggressive due to SiteOne's
financial sponsor ownership."

Based on S&P's forecast for continued economic growth in the U.S.
and additional strength in the repair and upgrade market (as well
as the residential and nonresidential construction markets), S&P
considers a negative rating action as unlikely over the next 12
months.  However, S&P could downgrade the company if operating
results came in worse than expected or the company experienced
integration missteps from recent and future acquisitions, which
could result in weaker margins and higher leverage.  S&P could also
take a negative rating action if the company took on a more
aggressive financial policy than S&P expects, incurring additional
debt to fund acquisitions, dividends, or share repurchases such
that adjusted debt to EBITDA rose above 5x.

S&P also views an upgrade over the next 12 months as unlikely given
SiteOne's financial sponsor ownership and S&P's assessment of the
company's business risk profile.  However, S&P could take a
positive rating action if CD&R were to trim its ownership to below
40% such that the company's financial risk profile would no longer
be constrained by S&P's financial sponsor criteria while at the
same time continuing to lower leverage.


SOUNDVIEW ELITE: Court Affirms Sanctions Order vs. Fletcher, et al.
-------------------------------------------------------------------
The instant appeal arises from an order from the United States
Bankruptcy Court for the Southern District of New York granting
Appellee Corinne Ball's motion for civil contempt sanctions against
Appellants Alphonse Fletcher, Jr., George E. Ladner, Soundview
Composite Ltd., Richcourt USA, Inc., and Floyd Saunders.

Sanctions were imposed after the Appellants caused the Bankruptcy
Court to release $100,000 in frozen funds for certain specified
purposes; used a portion of the funds for other purposes; and then
delayed in providing information ordered by the Bankruptcy Court
and returning the misspent funds.

In an Opinion and Order dated March 23, 2016, which is available at
http://is.gd/NZRMe0from Leagle.com, Judge Katherine Polk Failla of
the United States District Court for the Southern District of New
York dismissed the appeal as to the party-Appellant, Soundview
Composite Ltd., for lack of jurisdiction.

As to the remaining Appellants, the Court affirmed the Bankruptcy
Court's June 16 Order, and denied Appellants' appeal.

According to Judge Failla, both Ladner and Saunders personally
received funds from the $100,000 disbursement, and consequently
contributed to the delayed repayment. Both Richcourt and Fletcher
were directed to provide specific accounting information, and
neither complied until substantial monetary sanctions were
imminent. All three of the individual Appellants are sophisticated
business people, intimately involved with the entities in question.
Richcourt controlled the improperly disbursed funds. None of the
Appellants was blameless. To the contrary, in light of the
interdependence of the Appellants, and their repeated efforts to
obfuscate the facts during the bankruptcy court proceedings, this
Court cannot fault the Bankruptcy Court for declining to parse
precisely how liability should be allocated between the culpable
parties. In sum, the Bankruptcy Court's decision to impose
liability for attorneys' fees jointly and severally was not an
abuse of discretion.

The civil proceeding is ALPHONSE FLETCHER, JR., GEORGE E. LADNER,
SOUNDVIEW COMPOSITE LTD., RICHCOURT USA, INC., and FLOYD SAUNDERS,
Appellants, v. CORINNE BALL, as Chapter 11 Trustee for Soundview
Elite, Ltd., Appellee, No. 15 Civ. 5666 (KPF), relating to In re:
SOUNDVIEW ELITE, LTD., Debtor.

Alphonse Fletcher, Jr., Appellant, is represented by Robert Norman
Knuts, Sher Tremonte LLP.

George E. Ladner, Appellant, is represented by Robert Norman Knuts,
Sher Tremonte LLP.

Soundview Composite Ltd., Appellant, is represented by Robert
Norman Knuts, Sher Tremonte LLP.

Richcourt USA, Inc., Appellant, is represented by Robert Norman
Knuts, Sher Tremonte LLP.

Floyd Saunders, Appellant, is represented by Robert Norman Knuts,
Sher Tremonte LLP.

Corinne Ball, Appellee, is represented by Veerle Roovers, Jones Day
& William J. Hine, Jones Day.

                 About SoundView Elite Ltd.

Six mutual funds originally created by Citco Group of Cos.,
including Soundview Elite Ltd., filed petitions for Chapter 11
protection on Sept. 24, 2013, in Manhattan to avoid undergoing
bankruptcy liquidation in the Cayman Islands, where they are
incorporated.

The funds are Soundview Elite (Bankr. S.D.N.Y. Case No. 13-13098)
Soundview Premium, Ltd. (Case No. 13-13099); Soundview Star Ltd.
(Case No. 13-13101); Elite Designated (Case No. 13-13102); Premium
Designated (Case No. 13-13103); and Star Designated (Case No.
13-13104).  The petitions were signed by Floyd Saunders as
corporate secretary.  By order dated Oct. 16, 2013, the Court
directed that the Debtors' bankruptcy cases be procedurally
consolidated and jointly administered.

SoundView Elite Ltd. and two similarly named funds were the target
of a winding-up petitions in the Cayman Islands filed in August by
Citco, which had sold its interest in the funds' manager years
before.  An investor, who was removed from the funds' board in
June, filed a different winding-up petition in August, aimed at
three funds created later to hold illiquid assets.

The Debtor disclosed $20,703,641 in assets and $16,402,671 in
liabilities as of the Chapter 11 filing.  The funds said in a
court
filing their total cash assets of about $20 million are held in
the
U.S., where the funds are managed.  Court papers list the funds'
total assets as $52.8 million, against debt totaling $28 million.

Judge Robert E. Gerber presides over the U.S. cases.

Warren J. Martin, Jr., Esq., Mark J. Politan, Esq., Terri Jane
Freedman, Esq., and Rachel A. Segall, Esq., at Porzio, Bromberg &
Newman, PC, serve as the Debtors' counsel.  CohnReznick LLP serves
as financial advisor.

Peter Anderson and Matthew Wright, as Joint Official Liquidators
of
the Debtors, are represented in the U.S. proceedings by John A.
Pintarelli, Esq., James J. Beha, II, Esq., William H. Hildbold,
Esq., at Morrison & Foerster LLP.

The U.S. Trustee solicited for the formation of an official
committee of unsecured creditors, but to date one has not been
formed.

In April 2014, District Judge J. Paul Oetken affirmed the
Bankruptcy Court order appointing a Chapter 11 trustee for
SoundView Elite Ltd. and its affiliated debtors, and tossed pro se
appeals filed by Alphonse Fletcher, Jr. and George E. Ladner, the
sole directors of the mutual funds.


SPANISH BROADCASTING: Incurs $27 Million Net Loss in 2015
---------------------------------------------------------
Spanish Broadcasting System, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss of $26.95 million on $146.89 million of net revenue for the
year ended Dec. 31, 2015, compared to a net loss of $19.95 million
on $146.28 million of net revenue for the year ended
Dec. 31, 2014.

For the quarter ended Dec. 31, 2015, Spanish Broadcasting reported
a net loss of $7.06 million on $40.27 million of net revenue
compared to a net loss of $5.96 million on $36.33 million of net
revenue for the quarter ended Dec. 31, 2014.

"During the fourth quarter, we made continued progress in executing
our multi-platform strategy and growing our total audience shares,"
commented Raul Alarcon, Jr., Chairman and CEO. "Our AIRE radio
network gained traction with listeners, advertisers and our station
partners and is progressing in line with our plan.  Our radio
stations continue to increase their audience shares across the
nation's largest Hispanic media markets and we further strengthened
our digital platform and reach, most notably through the highly
successful launch of our new La Musica app.  Moving forward, we are
focused on continuing to build on our strong multi-platform
audience shares and digital capabilities to connect brands with the
rapidly expanding Latino population on-air, online, and via
mobile."

As of Dec. 31, 2015, Spanish Broadcasting had $451.74 million in
total assets, $550.29 million in total liabilities and a total
stockholders' deficit of $98.54 million.

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

                       http://is.gd/5rtOgK

                     About Spanish Broadcasting

Headquartered in Coconut Grove, Florida, Spanish Broadcasting
operates 21 radio stations targeting the Hispanic audience.  The
Company also owns and operates Mega TV, a television operation
with over-the-air, cable and satellite distribution and affiliates
throughout the U.S. and Puerto Rico.  Its revenue for the twelve
months ended Sept. 30, 2010, was approximately $140 million.

                           *     *     *

In November 2010, Moody's Investors Service upgraded the corporate
family and probability of default ratings for Spanish Broadcasting
System, Inc., to 'Caa1' from 'Caa3' based on improved free cash
flow prospects due to better than anticipated cost cutting and the
expiration of an unprofitable interest rate swap agreement.
Moody's said Spanish Broadcasting's 'Caa1' corporate family rating
incorporates its weak capital structure, operational pressure in
the still cyclically weak economic climate, generally narrow
growth prospects (though Spanish language is the strongest growth
prospect) given the maturity and competitive pressures in the
radio industry, and the June 2012 maturity of its term loan
magnify this challenge.

In July 2010, Standard & Poor's Ratings Services raised its
corporate credit rating on Miami, Fla.-based Spanish Broadcasting
System Inc. to 'B-' from 'CCC+', based on continued improvement in
the company's liquidity position.  The rating outlook is stable.
"The rating action reflects S&P's expectation that, despite very
high leverage, SBS will have adequate liquidity over the
intermediate term to meet debt maturities, potential swap
settlements, and operating needs until its term loan matures on
June 11, 2012," said Standard & Poor's credit analyst Michael
Altberg.


STAR COMPUTER: Bramid Sells $9.99MM Claim to Greensill Capital
--------------------------------------------------------------
In the Chapter 11 cases of Adinath Corp. and Simply Fashion Stores,
Ltd., one claim switched hands in December 2015:

     Transferee                 Transferor          Claim Amount
     ----------                 ----------          ------------
Greensill Capital (UK) Limited  Bramid Limited       $9,999,997

                    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.


STONE ENERGY: Provides Activity Update & Borrowing Redetermination
------------------------------------------------------------------
Stone Energy Corporation announced an update on its first quarter
operational activities and its borrowing base redetermination.
First quarter results are expected to be reported in early May
2016.

Production for the first quarter of 2016 was approximately 34 MBoe
(or 204 MMcfe) per day, above the first quarter production guidance
of 32-33 MBoe per day provided by Stone in its earnings release for
year-end 2015 results.  Gross volumes from the Gulf of Mexico deep
water benefited from approximately 17,400 Boe per day from the
four-well Cardona field (65% working interest) and approximately 24
MMcfe per day from the new Amethyst well (100% w.i.) which
commenced production in late December 2015.  The fourth Cardona #7
well came on production on Feb. 24, 2016, and is currently
producing approximately 4,800 Boe per day gross (65% w.i.).

Production from the Mary field in Appalachia remained shut-in for
the first quarter of 2016, while net production from other
Appalachian fields averaged approximately 23 MMcfe per day.
Stone's Pompano platform drilling program has completed one
workover project, and Stone expects to finish the first well
(Silverthrone) in May 2016.  After the Silverthrone well has been
completed, the utilization of the platform rig will be evaluated
due to 2016 capital constraints.

The ENSCO 8503 deep water drilling rig was farmed out to a third
party deep water operator in early February, 2016 and Stone expects
the farm out to run until mid-April 2016.  An agreement with a
different operator regarding another farm out is expected to be
executed later this month with an early May commencement date,
which should extend the farm out position another 70 to 90 days.
In the period between the farm out contracts, Stone plans to move
the ENSCO 8503 to its Alaminos Canyon 943 lease to start drilling
the top section of its Lamprey prospect.

In late March 2016, representatives of Stone met with
representatives of the Bureau of Ocean Energy Management to propose
Stone's tailored plan for financial assurances relating to
abandonment obligations.  Currently Stone has an aggregate of
approximately $220 million posted in surety bonds in favor of BOEM,
third party bonds and letters of credit, all relating to its
offshore abandonment obligations.  Stone's proposed tailored plan
involves posting certain incremental surety bonds, and discussions
on the implementation of this plan are continuing with BOEM.

On April 13, 2016, Stone was notified that the borrowing base under
its bank credit agreement has been redetermined from $500 million
to $300 million.  Stone had outstanding borrowings of $457 million
and letters of credit of $18.3 million under its credit agreement
as of April 13, 2016, resulting in a borrowing base deficiency of
$175.3 million.  Stone had cash on hand of approximately $360
million as of April 13, 2016.  The credit agreement provides that
within 30 days after the agent delivers written notice to Stone of
a borrowing base deficiency, Stone must elect to do one or more of
the following: (a) repay the loan to eliminate the deficiency
within 10 days, (b) add additional collateral to eliminate the
deficiency within 30 days, or (c) pay the deficiency in six equal
monthly installments to eliminate the deficiency within six months.


                    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.

                         *   *    *

In March 2016, Standard & Poor's lowered its corporate credit
rating on U.S.-based oil and gas exploration and production company
Stone Energy to 'CCC-' from 'CCC+'.

Stone Energy carries a 'B3' Corporate Family Rating from Moody's
Investors Service.


STONE ENERGY: Raymond Hyer Reports 5.18% Stake as of April 4
------------------------------------------------------------
In a regulatory filing with the Securities and Exchange Commission,
Raymond T. Hyer reported that as of April 4, 2016, he beneficially
owns 2,942,841 shares of common stock of Stone Energy Corporation
representing 5.18 percent of the shares outstanding.
Also included in the filing are Kathleen A. Hyer, 100,000 shares;
Tara Hyer Tira, 120,000 shares; Gardner Asphalt Corporation,
800,000 shares; Gardner-Gibson Incorporated, 800,000 shares; Sun
Coatings, Inc., 20,000 shares; and Hyer Family Foundation, Inc.,
113,100 shares.  A copy of the Schedule 13G filing is available for
free at http://is.gd/qYy53r

                       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.

                         *   *    *

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 Stone Energy Corp. to 'CCC-'
from 'CCC+'.

Stone Energy Corporation carries a B3 Corporate Family Rating from
Moody's Investors Service.


SUNEDISON INC: Independent Directors Complete Investigation
-----------------------------------------------------------
The Audit Committee of SunEdison, Inc.'s Board of Directors had
commenced in late 2015, with the aid of independent counsel and
accounting and financial advisors, inquiries into the accuracy of
the Company's anticipated financial position previously disclosed
to the Board based on allegations made by former executives and
current and former employees.

On April 13, 2016, the independent members of the Board, including
the members of the Audit Committee, completed the Independent
Directors' evaluation of materials prepared by independent counsel
and consultants to the Audit Committee, as well as an analysis of
internal records and other information made available by the
Company, including further interviews with senior management of the
Company.

Findings of the Independent Directors

The Independent Directors have determined that as of the date of
the independent counsel report, there were no identified material
misstatements in the Company's historical financial statements as
well as no substantial evidence to support a finding of fraud or
willful misconduct of management, other than with respect to the
conduct of one former non-executive employee.  However, the
independent counsel materials identified issues with the Company's
overly optimistic culture and its tone at the top.  The Independent
Directors also identified several specific issues regarding the
Company's cash forecasting and liquidity management practices,
including that:

* the Company's cash forecasting efforts lack sufficient controls
   and processes;

* certain assumptions underlying the cash forecasts provided to
   the Board by the Company's management were overly optimistic
   and a more fulsome discussion of risks and adjustments with the
   Board was warranted;

* the Company's management has not responded appropriately when  
   forecasted targets were not met; and

* the Company lacked sufficient controls and processes regarding
   the Company's managing of cash flows, including extensions of
   accounts payable and the use of cash committed for projects,
   and related disclosures to the Board were not comprehensive or
   made on a timely basis.

The Independent Directors also identified wrongdoing by a former
non-executive employee of the Company in connection with
negotiations over the termination of the Vivint Solar, Inc.
acquisition.  The Company terminated the employee promptly after
the Company became aware of the wrongdoing.

Remedies Adopted by the Independent Directors

With respect to the Company's cash forecasting and liquidity
management, the Independent Directors will require the
implementation of improved cash forecasting systems with the
requisite controls to manage, monitor and fully communicate changes
in outlook directly to the Board.  The Independent Directors will
also require management to provide the Board with more transparency
regarding cash management practices, including corporate and
project-level covenant compliance and handling and tracking of
accounts payable, and to ensure assumptions and estimates are made
with a reasonable basis and include a detailed discussion of risks
and top-down adjustments.

The Independent Directors have further determined that the recent
hiring of a chief financial officer designee will act as a remedy,
and the Independent Directors recognized the importance of such
designee to the evaluation of capabilities and skill sets relevant
to forecasting and related matters, including when determining
changes in the finance organization.  The Independent Directors
have also determined to review and alter the Board's delegations of
authority to management, as appropriate, to remedy the above
issues.  The Independent Directors have determined to emphasize
comprehensive training and communications programs as well.
Finally, the Independent Directors have determined to strengthen
internal controls at both the enterprise and project level to
enhance visibility and control over project status and cash
availability, as well as to strengthen legal groups, restructure
and strengthen the Company's financial planning and analysis
group, and to replace a departure in its internal audit group.

A copy of the Form 8-K report is available for free at:

                    http://is.gd/45X2xc

                      About SunEdison

SunEdison, Inc. is a developer and seller of photovoltaic energy
solutions, an owner and operator of clean power generation assets,
and a global leader in the development, manufacture and sale of
silicon wafers to the semiconductor industry.

As of Sept. 30, 2015, SunEdison had $20.71 billion in total assets,
$16.14 billion in total liabilities, $69 million in redeemable
noncontrolling interests, and $4.50 billion in total stockholders'
equity.

For the nine months ended Sept. 30, 2015, SunEdison reported a net
loss of $1 billion compared to anet loss of $985 million for the
same period in 2014.


SUNNYSLOPE HOUSING: 9th Cir. Sets Aside Plan of Reorganization
--------------------------------------------------------------
The United States Court of Appeals for the Ninth Circuit reversed
the judgment of the district court, and set aside Sunnyslope
Housing Limited Partnership's plan of reorganization for being
based on an improper valuation of First Southern National Bank's
secured interest in Sunnyslope's real property.

The Ninth Circuit held that valuing First Southern's secured
interest as if the affordable housing restrictions related to
subordinate positions still applied was not appropriate under
Section 506(a) of the Bankruptcy Code.  The appellate court pointed
out that all the restrictive covenants and other provisions that
Sunnyslope sought to invoke were junior and expressly subordinated
to the Capstone loan that was acquired by First Southern.

The appeals case is FIRST SOUTHERN NATIONAL BANK,
Plaintiff-Appellant, v. SUNNYSLOPE HOUSING LIMITED PARTNERSHIP,
Defendant-Appellee. In the Matter of: SUNNYSLOPE HOUSING LIMITED
PARTNERSHIP, Debtor, SUNNYSLOPE HOUSING LIMITED PARTNERSHIP,
Plaintiff-Appellant, v. FIRST SOUTHERN NATIONAL BANK,
Defendant-Appellee. In the Matter of: SUNNYSLOPE HOUSING LIMITED
PARTNERSHIP, Debtor, FIRST SOUTHERN NATIONAL BANK,
Plaintiff-Appellant, v. SUNNYSLOPE HOUSING LP, Defendant-Appellee.
In the Matter of: SUNNYSLOPE HOUSING LIMITED PARTNERSHIP, Debtor,
SUNNYSLOPE HOUSING LP, Plaintiff-Appellant, v. FIRST SOUTHERN
NATIONAL BANK, Defendant-Appellee, Nos. 12-17241, 12-17327,
13-16164, 13-16180 (9th Cir.), relating to In the Matter of:
SUNNYSLOPE HOUSING LIMITED PARTNERSHIP, Debtor.

A full-text copy of the Ninth Circuit's April 8, 2016 opinion is
available at http://is.gd/4TbFKzfrom Leagle.com.

First Southern National Bank is represented by:

          Brian Sirower, Esq.
          Walter J. Ashbrook, Esq.
          QUARLES & BRADY LLP
          One Renaissance Square
          Two North Central Avenue
          Phoenix, AZ 85004
          Tel: (602)229-5200
          Fax: (602)229-5690
          Email: brian.sirower@quarles.com

            -- and --

          E. King Poor, Esq.
          QUARLES & BRADY LLP
          300 N. LaSalle Street
          Suite 4000
          Chicago, IL 60654
          Tel: (312)715-5000
          Fax: (312)715-5155
          Email: king.poor@quarles.com

Sunnyslope Housing Limited Partnership is represented by:

          David William Engelman, Esq.
          Scott B. Cohen, Esq.
          Bradley D. Pack, Esq.
          ENGELMEAN BERGER, P.C.
          3636 North Central Avenue
          Suite 700
          Phoenix, AZ 85012
          Tel: (602)271-9090
          Fax: (602)222-4999
          Email: dwe@eblawyers.com
                 sbc@eblawyers.com
                 bdp@eblawyers.com

            -- and --

          Susan M. Freeman, Esq.
          Henk Taylor, Esq.
          Justin Henderson, Esq.
          LEWIS ROCA ROTHGERBER CHRISTIE LLP
          201 East Washington Street
          Suite 1200          
          Phoenix, AZ 85004
          Tel: (602)262-5311
          Email: sfreeman@lrrc.com
                 jhenderson@lrrc.com

                    About Sunnyslope Housing

Sunnyslope Housing Limited Partnership, dba Pointe Del Sol
Apartments, was placed into involuntary Chapter 11 bankruptcy
(Bankr. D. Ariz. Case No. 11-02441) by a creditor, Reid Butler, on
Jan. 31, 2011.  On April 11, 2011, the case was converted from an
involuntary case to a voluntary case.  Engelman Berger, P.C.,
serves as counsel to the Debtor.  The Company disclosed $4,357,438
in assets and $18,074,818 in liabilities as of the Chapter 11
filing.

No trustee, examiner, or official committee of unsecured creditors
has been appointed to date.


SUNVALLEY SOLAR: Sadler Gibb Expresses Going Concern Doubt
----------------------------------------------------------
Sunvalley Solar, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing net income of
$195,811 on $5.78 million of revenues for the year ended Dec. 31,
2015, compared with a net loss of $1.28 million on $3.31 million of
revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Sunvalley Solar had $6.46 million in total
assets, $4.79 million in total liabilities and $1.67 million in
total stockholders' equity.

Sadler, Gibb & Associates, LLC, in Salt Lake City, UT, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has an accumulated deficit of $3,449,834, which 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/FejdAa

                     About Sunvalley Solar

Sunvalley Solar, Inc., is a California-based solar power
technology and system integration company.  Since the inception of
its business in 2007, the company has focused on developing its
expertise and proprietary technology to install residential,
commercial and governmental solar power systems.


SUPERMEDIA INC: YPPI Entitled to $303K Actual Damages
-----------------------------------------------------
In the adversary proceeding captioned SUPERMEDIA LLC, Plaintiff, v.
YELLOW PAGES PHOTOS, INC., Defendant, Adv. Proc. No. 15-50044(KG)
(Bankr. D. Del.), Judge Kevin Gross of the United States Bankruptcy
Court for the District of Delaware held that Yellow Pages Photos,
Inc., is not entitled to statutory damages and that its actual
damages, without adverse inference, are $303,210.

A full-text copy of Judge Gross' April 4, 2016 opinion is available
at http://is.gd/Q2laKYfrom Leagle.com.

The bankruptcy case is In re: SUPERMEDIA LLC, Chapter 11,
Reorganized Debtor, Case No. 13-10546(KG)(Bankr. D.Del.).

SuperMedia LLC is represented by:

          Patrick A. Jackson, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Tel: (302)571-6600
          Fax: (302)571-1253
          Email: pjackson@ycst.com

Yellow Pages Photos, Inc. is represented by:

          Lucian Borders Murley, Esq.
          SAUL EWING LLP
          222 Delaware Avenue, Suite 1200
          Wilmington, DE 19801
          Tel: (302)421-6800
          Fax: (302)421-6813
          Email: lmurley@saul.com

                    About Supermedia

Headquartered in D/FW Airport, Texas, SuperMedia Inc., formerly
known as Idearc, Inc., is a yellow pages directory publisher in the
United States. Its portfolio includes the Superpages directories,
Superpages.com, digital local search resource on both desktop and
mobile devices, the Superpages.com network, which is a digital
syndication network, and its Superpages direct mailers. SuperMedia
is the official publisher of Verizon, FairPoint and Frontier print
directories in the markets in which these companies are the
incumbent local telephone exchange carriers.  Idearc was spun off
from Verizon Communications, Inc., in 2006.

At Dec. 31, 2012, SuperMedia had approximately 3,200 employees, of
which approximately 950 or 30% were represented by unions.

SuperMedia and three affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 13-10545) on March 18, 2013, to
effectuate a merger of equals with Dex One Corp.  SuperMedia
disclosed total assets of $1.4 billion and total debt of $1.9
billion.

Morgan Stanley & Co. LLC is acting as financial advisors to
SuperMedia, and Cleary Gottlieb Steen & Hamilton LLP and Young
Conaway Stargatt & Taylor, LLP are acting as its legal counsel.
Fulbright & Jaworski L.L.P is special counsel.  Chilmark Partners
is acting as financial advisor to SuperMedia's board of directors.
Epiq Systems serves as claims agent.

This is also SuperMedia's second stint in Chapter 11.  Idearc and
its affiliates filed for Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 09-31828) in March 2009 and emerged from bankruptcy
in December 2009, reducing debt from more than $9 billion to $2.75
billion.


TARGETED MEDICAL: Recurring Losses Raise Going Concern Doubt
------------------------------------------------------------
Targeted Medical Pharma, Inc. filed with the Securities and
Exchange Commission its annual report on Form 10-K reporting a net
loss of $3.06 million on $5.26 million of total revenues for the
year ended Dec. 31, 2015, compared to a net loss of $3.89 million
on $7.11 million of total revenues for the year ended Dec. 31,
2014.

As of Dec. 31, 2015, Targeted Medical had $2.42 million in total
assets, $15.34 million in total liabilities and a total deficit of
$12.91 million.

Squar Milner LLP, in San Diego, CA, issued a "going concern"
opinion in its report on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations and has a significant accumulated
deficit and a significant working capital deficit as of December
31, 2015.  These factors 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/slSUAi

                    About Targeted Medical

Los Angeles, Calif.-based Targeted Medical Pharma, Inc., is a
specialty pharmaceutical company that develops and commercializes
nutrient- and pharmaceutical-based therapeutic systems.


TEXAS REGENCY: Judge Extends Deadline to Close Regency Square Sale
------------------------------------------------------------------
A federal judge overseeing Texas Regency Apartments L.P.'s Chapter
11 case has extended the deadline to close the sale of Regency
Square until next month.

U.S. Bankruptcy Judge David Jones allowed the company to close the
sale transaction between Texas Regency Square Financing Partnership
Ltd. and Dylan Jagger Investment Company Inc. until May 2.

Regency Square, the company's sole real estate asset, is a 313-unit
multi-family residential apartment complex located at 7222
Bellerive Drive, Houston, Texas.  

Texas Regency's restructuring plan, which was approved by the
bankruptcy court in January, provided for the sale of the Regency
Square to fund the plan.

                  About Texas Regency Apartments

Texas Regency Apartments, L.P., owner of the 313-unit Regency
Square Apartments at 7222 Bellerive Dr., Houston, Texas, sought
Chapter 11 protection (Bankr. S.D. Tex. Case No. 15-33188) in
Houston, Texas, on June 10, 2015.  Gordon Steele, the CFO, signed
the petition.

Judge David R. Jones presides over the case.  

The Debtor tapped Matthew Hoffman, Esq., at the Law Offices of
Matthew Hoffman, P.C., as counsel.

The Debtor disclosed total assets of $11.1 million and total debts
of $11.4 million in its schedules.


TNT FORKLIFTS: Case Summary & 3 Unsecured Creditors
---------------------------------------------------
Debtor: TNT Forklifts, Inc.
        P.O. Box 4751
        Odessa, Tx 79760

Case No.: 16-41548

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Ft. Worth)

Judge: Hon. Mark X. Mullin

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

Estimated Assets: $0 to $50,000

Estimated Liabilities: $10 million to $50 million

The petition was signed by Roger M. Turner, managing member.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/txnb16-41548.pdf


TRANS COASTAL: Wins July 20 Extension for Chapter 11 Plan Filing
----------------------------------------------------------------
United States Chief Bankruptcy Judge Mary P. Gorman of the U.S.
Bankruptcy Court for the Central District of Illinois granted the
request of Trans Coastal Supply Company, Inc., to extend its
exclusivity period for filing a Chapter 11 Plan and Disclosure
Statement to July 20, 2016.

As reported by the Troubled Company Reporter, the Debtor said it is
in the process of negotiating with its creditors as to key aspects
of its future plans to continue in business and concerning its
treatment of the creditors.

The Creditors Committee and the U.S. Trustee support the Debtor's
Motion.

U.S. Bank National Association's Objection to the Debtor's Second
Motion to Extend Exclusivity Period is denied.

Trans Coastal Supply Company, Inc., is represented by:

          Jeffrey D. Richardson, Esq.
          132 South Water Street, Suite 444
          Decatur, IL 62523
          Telephone: (217)425-4082

                    About Trans Coastal Supply

Headquartered in Decatur, Illinois, Trans Coastal Supply Company
Inc. ships grain and other agricultural products like the ethanol
byproduct distillers dried grains (DDGS) in containers to overseas
buyers.

Trans Coastal filed for Chapter 11 bankruptcy protection (Bankr.
C.D. Ill. Case No. 15-71147) on July 23, 2015.  Judge Mary P.
Gorman presides over the Debtor's case.  Jeffrey D. Richardson,
Esq., at Richardson & Erickson, represents the Debtor.

The Debtor estimated both assets and liabilities between
$10 million and $50 million.


TRANSGENOMIC INC: Ernst & Young Expresses Going Concern Doubt
-------------------------------------------------------------
Transgenomic, Inc., filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss
available to common stockholders of $34.3 million on $1.65 million
of net sales for the year ended Dec. 31, 2015, compared to a net
loss available to common stockholders of $15.08 million on $1.24
million of net sales for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Transgenomic had $4.81 million in total
assets, $17.6 million in total liabilities and a total stockolders'
deficit of $12.8 million.

Ernst & Young LLP, in Hartford, Connecticut, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
losses from operations that raise substantial doubt about its
ability to continue as a going concern.

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

                      http://is.gd/kGUv1P

                       About Transgenomic

Transgenomic, Inc. -- http://www.transgenomic.com/-- is a global
biotechnology company advancing personalized medicine in
cardiology, oncology, and inherited diseases through its
proprietary molecular technologies and world-class clinical and
research services.  The Company is a global leader in cardiac
genetic testing with a family of innovative products, including
its C-GAAP test, designed to detect gene mutations which indicate
cardiac disorders, or which can lead to serious adverse events.
Transgenomic has three complementary business divisions:
Transgenomic Clinical Laboratories, which specializes in molecular
diagnostics for cardiology, oncology, neurology, and mitochondrial
disorders; Transgenomic Pharmacogenomic Services, a contract
research laboratory that specializes in supporting all phases of
pre-clinical and clinical trials for oncology drugs in
development; and Transgenomic Diagnostic Tools, which produces
equipment, reagents, and other consumables that empower clinical
and research applications in molecular testing and cytogenetics.
Transgenomic believes there is significant opportunity for
continued growth across all three businesses by leveraging their
synergistic capabilities, technologies, and expertise.  The
Company actively develops and acquires new technology and other
intellectual property that strengthens its leadership in
personalized medicine.


TRASK DEVELOPERS: Case Summary & Unsecured Creditor
---------------------------------------------------
Debtor: Trask Developers, LLC
        10592 Trask Avenue
        Garden Grove, CA 92843

Case No.: 16-11621

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Scott C Clarkson

Debtor's Counsel: David S Kupetz, Esq.
                  SULMEYER KUPETZ
                  333 S Hope St 35th Fl
                  Los Angeles, CA 90071
                  Tel: 213-626-2311
                  E-mail: dkupetz@sulmeyerlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by Paul Nguyen, member and chief executive
officer.

The Debtor listed Joseph P. Bregman, Esq., as its largest unsecured
creditor holding a claim of $14,725.

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

            http://bankrupt.com/misc/cacb16-11621.pdf


USA DISCOUNTERS: Objections Raised Over Standing Motion
-------------------------------------------------------
Debtors USA Discounters, Ltd., et al., and Wells Fargo Bank, N.A.,
submit with the U.S. Bankruptcy Court for the District of Delaware
objections to the Official Committee of Unsecured Creditor's Motion
seeking standing and authority to commence, prosecute and settle
claims on behalf of the Debtors' estates.

In its limited objection, USA Discounters objects to the Official
Committee of Unsecured Creditor's standing motion insofar as the
Official Committee seeks exclusive authority to negotiate and enter
into settlements on behalf of the Debtors' estates with respect to
the Claims.  The Debtors aver that the Official Committee is not
justified in seeking and has no basis to obtain "exclusive"
authority to negotiate and enter into settlements on behalf of the
Debtors' estates.

"The Committee makes no mention in the Standing Motion of its
request for exclusive authority to settle the Claims; the only
mention is in its form of order.  Plainly, a grant of derivative
standing to sue and settle the Claims does not, and cannot, by
implication or otherwise, strip the Debtors of their coextensive
right to settle on behalf of the estates.  Consistent with
controlling law, the Debtors respectfully request that, should the
Court decide to grant the Standing Motion, the Court's order make
clear that the Debtors retain the full right to settle the Claims,
whether pursuant to a chapter 11 plan or other settlement, subject
to Court approval of any such settlement under Bankruptcy Rule
9019," the Debtors contend.

Wells Fargo Bank, N.A. avers, "The Standing Motion is a thinly
veiled attempt by the Committee to extract monies from the Secured
Parties despite the absence of any meritorious claims.  Grasping at
straws, the Committee seeks to mount a formal challenge over an
alleged tax refund preference claim and some de minimis assets.
These alleged claims lack merit and promise to provide no net
benefit to the Debtors' estates.  All other challenges to the liens
and claims of the Secured Parties have been investigated and
knowingly waived and released by the Committee... Equally
unavailing is the Committee's argument for the exclusive right to
settle estate claims against the Secured Parties.  Such relief
would not only usurp the authority vested in the Debtors by the
Bankruptcy Code but also would frustrate the ability of the Debtors
to formulate a consensual chapter 11 plan."

USA Discounters is represented by:

          Laura Davis Jones, Esq.
          James E. O'Neill, Esq.
          Colin R. Robinson, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 North Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705 (Courier 19801)
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: ljones@pszjlaw.com
                  jo'neill@pszjlaw.com
                  crobinson@pszjlaw.com

                 - and -

          Lee R. Bogdanoff, Esq.
          Michael L. Tuchin, Esq.
          Whitman L. Holt, Esq.
          Sasha M. Gurvitz, Esq.
          KLEE, TUCHIN, BOGDANOFF & STERN LLP
          1999 Avenue of the Stars, 39th Floor
          Los Angeles, CA 90067
          Telephone: (310)407-4023
          Facsimile: (310)407-9090
          E-mail: lbogdanoff@ktbslaw.com
                  mtuchin@ktbslaw.com
                  wholt@ktbslaw.com
                  sgurvitz@ktbslaw.com

Wells Fargo Bank is represented by:

          Regina Stango Kelbon, Esq.
          Alan M. Root, Esq.
          BLANK ROME LLP
          1201 Market Street, Suite 800
          Wilmington, DE 19801
          Telephone: (302)425-6400
          Facsimile: (302)425-6464
          E-mail: kelbon@blankrome.com
                  root@blankrome.com

                 - and -

          John Lucian, Esq.
          Kevin J. Baum, Esq.
          BLANK ROME LLP
          One Logan Square
          130 North 18th Street
          Philadelphia, PA 19103-6998
          Telephone: (215)569-5500
          Facsimile: (215)569-5555
          E-mail: lucian@blankrome.com
                  baum@blankrome.com

                       About USA Discounters

USA Discounters, Ltd., was founded in May 1991. in the City of
Norfolk, Virginia, under the name USA Furniture Discounters, Ltd.
It sold goods through two groups of stores -- one group of
specialty retail stores operating under the "USA Living" brand,
typically in standalone locations, and seven additional retail
stores operating under the "Fletcher's Jewelers" brand, typically
in major shopping malls.

USA Discounters, Ltd., and two affiliates sought Chapter 11
bankruptcy protection (Bankr. D. Del. Lead Case No. 15-11755) on
Aug. 24, 2015, to wind down the business.

The Debtors tapped Pachulski Stang Ziehl & Jones LLP and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys, and Kurtzman Carson
Consultants, LLC, as claims and noticing agent.

USA Discounters Ltd. disclosed total assets of $97,490,455 plus an
undetermined amount and total liabilities of $63,011,206 plus an
undetermined amount.

The Official Committee of Unsecured Creditors is represented by
Kelly Drye & Warren LLP as lead counsel, Khler Harrison Harvey
Branzburg LLP as its Delaware co-counsel.  FTI Consulting, Inc.,
serves as its financial advisor.


VALEANT PHARMA: Ratings Cut Will See Forced Selling, Citigroup Says
-------------------------------------------------------------------
Michelle F. Davis, writing for Bloomberg Brief, reported that some
of Valeant Pharmaceuticals International Inc.'s debt investors will
be forced to sell if Standard & Poor's cuts its rating on the
company's $19.5 billion of unsecured bonds any further, according
to credit analysts at Citigroup Inc.

According to Bloomberg, S&P put the company on Creditwatch on April
14, warning it could potentially downgrade the credit "multiple
notches" if the company fails to file its financials or get waivers
and consents from lenders in a timely matter.  That puts the
drugmaker's unsecured bonds "dangerously close" to a CCC rating
that would spark forced selling from investors who aren't allowed
to hold debt rated that low, Citigroup analysts led by Murali Ganti
wrote in a research note on April 14, the report said.

The move by S&P came after Valeant on April 12 said it received a
notice of default from some of its bondholders, giving the company
four fewer days to file its 10-K under its agreement with investors
in its $12.7 billion of loans, Bloomberg noted.  The company, which
has a $32 billion debt load, has been battling souring sentiment in
credit markets amid slumping earnings forecasts, lingering concerns
over its financial statements and the hunt for a new chief
executive officer, Bloomberg pointed out.

                          About Valeant

Valeant Pharmaceuticals International, Inc. (NYSE/TSX:VRX) is a
multinational specialty pharmaceutical company that develops,
manufactures and markets a broad range of pharmaceutical products
primarily in the areas of dermatology, gastrointestinal disorder,
eye health, neurology and branded generics.  More information
about
Valeant can be found at http://www.valeant.com/

As of Sept. 30, 2015, Valeant had US$48.45 billion in total
assets,
US$41.98 billion in total liabilities and US$6.46 billion in total
equity.

                          *    *     *

Valeant carries a 'B2' Corporate Family Rating from Moody's
Investors
Service and 'B+' corporate credit rating from Standard & Poor's
Ratings Services.


VALEANT PHARMACEUTICALS: Gets Notice of Default Over Delayed 10-K
-----------------------------------------------------------------
Valeant Pharmaceuticals International, Inc. announced in a press
release that it received a notice of default from holders of its
5.5% Notes due 2023 as a result of the delay in the Company filing
its Form 10-K for the fiscal year ended Dec. 31, 2015.  The Company
discussed on its March 15, 2016, preliminary earnings call the
possibility of receipt of that notice.  Under its bond indentures,
the Company has until June 11, 2016, 60 days from the receipt of
the notice, to file its 10-K, which will cure the default in all
respects.  The Company said it is working diligently and is on
schedule to file its 10-K on or before
April 29, 2016.  The notice of default does not result in the
acceleration of any of the Company's indebtedness.

As previously announced, the Ad Hoc Committee of the board of
directors has completed its review of various Philidor and related
accounting matters and has not identified any additional items that
would require restatements beyond those required by matters
previously disclosed.  The Company is in the process of restating
the affected financial statements, and the restated financial
statements will be included in the Company's Form 10-K for the
fiscal year ended Dec. 31, 2015, which the Company intends to file
with the Securities and Exchange Commission and the Canadian
Securities Regulators on or before April 29, 2016.

                         About Valeant

Valeant Pharmaceuticals International, Inc. (NYSE/TSX:VRX) is a
multinational specialty pharmaceutical company that develops,
manufactures and markets a broad range of pharmaceutical products
primarily in the areas of dermatology, gastrointestinal disorder,
eye health, neurology and branded generics.  More information about
Valeant can be found at www.valeant.com.

As of Sept. 30, 2015, Valeant had US$48.45 billion in total assets,
US$41.98 billion in total liabilities and US$6.46 billion in total
equity.

                          *    *     *

Valeant carries a B2 Corporate Family Rating from Moody's Investors
Service and 'B+' corporate credit rating from Standard & Poor's
Ratings Services.


VALEANT PHARMACEUTICALS: S&P Cuts CCR to 'B', on CreditWatch Dev.
-----------------------------------------------------------------
Standard & Poor's Ratings Services said that it has lowered its
corporate credit ratings on Valeant Pharmaceuticals International
Inc. to 'B' from 'B+' and placed both the corporate credit rating
and the issue-level ratings on CreditWatch with developing
implications.

S&P lowered its rating on the secured debt to 'BB-' from 'BB'.  The
recovery rating on the secured debt is '1' reflecting S&P's
expectation for very high (90%-100%) recovery on that debt in the
event of a default.

S&P's 'B-' rating on the unsecured is unchanged.  S&P revised its
recovery rating on this debt to '5', which generally reflects S&P's
expectation for modest (10%-30%, at the upper half of the range)
recovery prospects from '6'.

The downgrade reflects an escalation in the risk of a near-term
default if the company is unable to file its 10-K and is unable to
negotiate a consent with bondholders over the next two months. This
follows Valeant's receipt of a notice of default from holders of at
least 25% of the $1 billion 5.5% 2023 senior unsecured notes,
relating to the delayed 10-K filing for fiscal year-end Dec. 31,
2015.

S&P is uncertain whether the holders' motivation is simply to seek
a consent fee if the 10-K filing is further delayed, or whether
their objectives will preclude a smooth consent process, should
that be necessary.

Valeant has until June 11, 2016, 60 days from the receipt of the
notice, to file its 10-K, which will cure this bondholder default
in all respects.  The company would however need to file its 10-K
by May 27, to satisfy bank loan lenders.  Alternatively, the
company can resolve these requirements by negotiating a
consent/waiver from lenders, to avoid a right to request an
acceleration.

S&P is encouraged by Valeant's unwavering expectation to file the
10-K by April 29, the company's indications that it remains on
track to do so, and the ad-hoc committee of the board of directors'
indication that it believes that its review of various Philidor and
related accounting matters is complete and no additional items that
would require restatements have been identified, beyond those
required by matters previously identified.  Still, S&P believes the
timing of the audit is not completely predictable or fully within
Valeant's control.

S&P continues to believe the value of the company's assets likely
exceeds the total debt outstanding, and S&P views that as
supportive of creditworthiness.  Still, that benefit is limited by
the company's ability to monetize assets in an expeditious manner.
S&P believes Bill Ackman and Pershing Square's interests, which are
predominantly aligned with shareholders, may be contributing to the
company's financial policies.

S&P believes there is greater risk that the company may be
unsuccessful in a consent/waiver with bondholders than it was with
the bank debt, because the bank debt lenders have a high degree of
confidence in achieving very high recovery prospects, given the
value of the company's assets.

S&P revised its recovery rating on the unsecured debt to '5', which
typically indicates potential of modest recovery prospects (at the
upper end of the 10%-30% range) from '6', to reflect significantly
higher recovery prospect in the event of a near term default.

This recovery rating reflects the blended recovery prospects in two
scenarios, the potential for strong recovery prospects in the
non-negligible risk of a near term default, and S&P's expectation
for negligible (0%-10%) recovery prospect in S&P's primary default
scenario involving resolution of near term covenants and gradual
erosion of the business.  S&P's issue-level rating on the unsecured
of 'B-' is unchanged.

S&P will monitor developments to ascertain their impact on the
rating.  In some instances, S&P could consider a multiple-notch
downgrade, for example, if waivers or consents are not obtained
from lenders regarding delayed filings.  S&P could also lower the
rating as filing deadlines approach.

In the event that the company alleviates threats of near term
default, either through filing the 10-K or negotiating waivers or
consents, S&P is likely to maintain the rating at 'B' until S&P has
greater confidence that 2016 operating trends will meet S&P's base
case.  S&P expects that with receipt of second quarter earnings, it
will be able to determine if the company is on track to meet S&P's
2016 forecast, in which case it will consider a one notch upgrade.


VENOCO INC: Hires PJT Partners as Investment Banker
---------------------------------------------------
Venoco, Inc. and its debtor-affiliates seek authorization from the
U.S. Bankruptcy Court for the District of Delaware to employ PJT
Partners LP as investment banker, nunc pro tunc to the March 18,
2016 petition date.

The Debtors require PJT Partners to:

   (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 as
       required;

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

   (d) evaluate the Debtors' debt capacity and alternative capital

       structures;  

   (e) evaluate the impact of potential new investment
       opportunities;  

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

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

   (h) provide strategic advice with regard to restructuring or
       refinancing the Debtors' Obligations or a Sale Transaction;

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

   (j) value securities offered by the Debtors in connection with
       a Restructuring;

   (k) advise Bracewell and the Debtors and negotiate with lenders

       with respect to potential waivers or amendments of various
       credit facilities;

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

   (m) act as dealer manager in connection with any liability
       management transactions for the Debtors, as requested;

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

   (o) provide such other advisory services as are customarily
       provided in connection with the analysis and negotiation of

       a Restructuring or a Sale Transaction, as requested and
       mutually agreed.

The Debtors and PJT have agreed that PJT shall, in respect of its
services, be compensated under the following fee structure:

    -- The Debtors will pay PJT a monthly advisory fee in the
       amount of $175,000 per month, in cash, with the first
       Monthly Fee payable upon the execution of the Engagement
       Letter by both parties and additional installments of such
       Monthly Fee payable in advance on each monthly anniversary
       of the Effective Date; plus

    -- The Debtors will pay PJT a capital raising fee for any
       financing arranged from third-parties by PJT, at Venoco's
       request, earned and payable in cash upon the funding of any

       such financing other than any debtor-in-possession
       financing provided by any existing Venoco creditor.  The
       Capital Raising Fee will be calculated (a) as 1.0% of the
       total issuance size for debt financing and (b) 3.0% of the
       issuance amount for equity financing it being understood
       that, (i) if financing arranged by PJT is not a
       Restructuring PJT shall only be paid the Capital Raising
       Fee, (ii) if the financing is the only Restructuring
       undertaken, PJT shall be paid the Restructuring Fee, not
       the Capital Raising Fee, and (iii) if the Debtors raise
       financing and no Restructuring Fee is paid, PJT will be
       paid the Capital Raising Fee; plus

    -- The Debtors will pay PJT an additional fee equal to $4.825
       million.  Except as otherwise provided herein, a
       Restructuring shall be deemed to have been consummated upon

       (a) the effectiveness of all necessary waivers, consents,
       amendments or restructuring agreements between the Debtors
       and its creditors involving the compromise of the face
       amount of such Obligations or the conversion of all or part

       of such Obligations into alternative securities, including
       equity, in the case of an out-of-court restructuring; or
       (b) the confirmation and consummation of a Plan of
       Reorganization pursuant to an order of the Court, in the
       case of an in-court restructuring.  The Restructuring Fee
       will be earned and payable in cash upon the consummation of

       the Restructuring in immediately available funds; plus
  
    -- The Debtors will pay PJT, upon the closing of a Sale
       Transaction, a Sale Transaction fee in an amount equal to
       $4.825 million, payable in cash directly out of the gross
       proceeds of the Sale Transaction; plus

    -- The Debtors will pay PJT an additional fee, at the
       discretion of Venoco and its Board of Directors based on an

       assessment of PJT's efforts and the economic outcome of the

       Restructuring, payable at the completion of the
       Restructuring; plus

    -- The Debtors will reimburse PJT, at cost, for all reasonable

       out-of-pocket expenses incurred for travel and lodging,
       including meals during travel, consistent with PJT's
       corporate travel policies, direct identifiable data
       processing, document production, publishing services and
       communication charges, courier services, reasonable fees
       and expenses of PJT's outside counsel and other necessary
       out-of-pocket expenditures, payable promptly after receipt
       of invoices setting forth in reasonable detail the nature
       and amount of such expenses.

Timothy R. Coleman, partner and head of the Restructuring and
Special Situations Group at PJT Partners, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

PJT Partners can be reached at:

       Timothy R. Coleman
       PJT PARTNERS LP
       280 Park Avenue
       New York, NY 10017
       Tel: (212) 364-7800
  
                            About Venoco

Headquartered in Denver, Colorado, Venoco, Inc., Denver Parent
Corporation, TexCal Energy (LP) LLC, Whittier Pipeline Corporation,
TexCal Energy (GP) LLC, Ellwood Pipeline, Inc., and TexCal Energy
South Texas, L.P. are independent energy companies primarily
focused on the acquisition, exploration, production and development
of oil and gas properties in California.  As of the Petition Date,
the Debtors held interests in approximately 72,053 net acres in
California, of which 48,836 are developed.

Venoco, Inc., et al., filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Proposed Lead Case No. 16-10655) on March 18, 2016.  Scott
M. Pinsonnault signed the petition as chief financial officer and
chief restructuring officer.

The Debtors estimated assets in the range of $100 million to $500
million and debts in the range of $500 million to $1 billion.

The Debtors have hired Morris, Nichols, Arsht & Tunnell, LLP and
Bracewell LLP as counsel; PJT Partners LP as financial advisor;
Deloitte LLP as restructuring advisor; Ernst & Young LLP as
independent auditor and tax advisor; and BMC Group, Inc. as notice,
claims and balloting agent.

Hon. Kevin Gross has been assigned the cases.


VERSO CORP: Ch. 11 Plan Allots $3-Mil. to Unsecured Creditors
-------------------------------------------------------------
Verso Corporation, et al., amended their Joint Chapter 11 Plan of
Reorganization to provide that holders of Allowed General Unsecured
Claims Against Asset Debtors will receive their pro rata share of
$3 million in Cash under the Plan.

In addition, the Debtors will (a) make payments totaling no less
than 90% of the payments permitted under the Final Order
Authorizing the Debtors to Pay Prepetition Claims of Critical
Vendors, and (b) pay in full or reach settlements with all Holders
of Allowed Claims arising under section 503(b)(9) of the Bankruptcy
Code.  

The Debtors and Reorganized Debtors will irrevocably and
unconditionally release, waive, and discharge any Claims or Causes
of Action that they have, had, or may have that are based on
sections 544, 547, 548, 549 and/or 550 of the Bankruptcy Code and
analogous non-bankruptcy law for all purposes.  Additionally, the
Holders of NewPage Term Loan Claims, Verso 2012 First Lien Notes
Claims, Verso 2015 First Lien Notes Claims, and Verso Cash Flow
Claims will not receive any portion of the General Unsecured Claims
Cash Distribution.

The U.S. Bankruptcy Court for the District of Delaware will convene
a hearing to consider approval of the Disclosure Statement on May
9, 2016, at 10:00 a.m. (prevailing Eastern time).  Objections are
due May 2.

Under the Plan, 100% of the equity of Reorganized Verso will be
issued to the Debtors' existing creditors, subject to dilution by
equity issued to the Reorganized Debtors' employees under the
Management Incentive Plan and the Plan Warrants.

Specifically, holders of Allowed Verso First Lien Claims will
receive 50% of Reorganized Verso's equity (plus warrants to
purchase additional equity), holders of NewPage Roll-Up DIP Claims
and NewPage Term Loan Claims will receive 47% of Reorganized
Verso's equity, holders of Verso Senior Debt Claims will receive
2.85% of Reorganized Verso's equity, and holders of Verso
Subordinated Debt Claims will receive the remaining 0.15% of
Reorganized Verso's equity.

The Asset Debtors are Verso NewPage Investment Company LLC, Verso
Paper Finance Holdings One LLC, NewPage Corporation, Verso Paper
Finance Holdings LLC, NewPage Consolidated Papers Inc., Verso Paper
Holdings LLC, Escanaba Paper Company, Verso Paper LLC, Luke Paper
Company, Verso Quinnesec REP Holding Inc., NewPage Wisconsin System
Inc., Verso Quinnesec LLC, Wickliffe Paper Company LLC, Verso
Androscoggin LLC, and NewPage Holdings Inc.

Blacklined versions of the First Amended Chapter 11 Plan and
accompanying Disclosure Statement, dated April 15, 2016, are
available at http://bankrupt.com/misc/VERSOds0415.pdf

Mark D. Collins, Esq., Michael J. Merchant, Esq., Amanda R. Steele,
Esq., and Brett M. Haywood, Esq., at Richards, Layton & Finger,
P.A., in Wilmington, Delaware; and George A. Davis, Esq., Peter
Friedman, Esq., Andrew M. Parlen, Esq., and Diana M. Perez, Esq.,
at O'Melveny & Myers LLP, in New York.

                    About Verso Corporation

Verso Corporation claims to be the leading North American producer
of coated papers, which are used primarily in magazines, catalogs,
high-end advertising brochures and annual reports, among other
media and marketing publications.  It employs approximately 5,200
personnel.

Verso Corporation and 26 of its affiliates, including
NewPage Corporation, filed Chapter 11 bankruptcy petitions
(Bankr. D. Del. Case Nos. 16-10163 to 16-10189, respectively) on
Jan. 26, 2016. The petitions were signed by David Paterson, the
president and CEO.

The Debtors disclosed total assets of $2.9 billion and total debts
of $3.87 million.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Paul, Weiss, Rifkind, Wharton & Garrison LLP as corporate counsel,
Richards, Layton & Finger, P.A. as Delaware counsel, PJT Partners
L.P. as investment banker, Alvarez & Marsal North America, LLC as
financial advisor and Prime Clerk LLC as claims and noticing
agent.

The U.S. Trustee for Region 3 has appointed seven creditors of
Verso Corp. and its affiliates to serve on the official committee
of unsecured creditors.


VERTICAL COMPUTER: MaloneBailey LLP Expresses Going Concern Doubt
-----------------------------------------------------------------
Vertical Computer Systems, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss available to common stockholders of $3.15 million on $4.26
million of total revenues for the year ended Dec. 31, 2015,
compared to a net loss available to common stockholders of $2.07
million on $7.43 million of total revenues for the year ended
Dec. 31, 2014.

As of Dec. 31, 2015, Vertical Computer had $1.66 million in total
assets, $18.11 million in total liabilities, $9.90 million in
convertible cumulative preferred stock and a $26.35 million total
stockholders' deficit.

MaloneBailey, LLP, in Houston, Texas, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company suffered net losses
and has a working capital deficiency, which 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/HRJRLJ

                     About Vertical Computer

Richardson, Tex.-based Vertical Computer Systems, Inc., is a
multinational provider of Internet core technologies, application
software, and software services through its distribution network
with operations or sales in the United States, Canada and Brazil.


VESTIS RETAIL: Files for Ch. 11 Bankruptcy Protection in Delaware
-----------------------------------------------------------------
Vestis Retail Group, LLC, owner of apparel, footwear, and sporting
goods retailers Bob's Stores, Eastern Mountain Sports and Sport
Chalet, commenced a Chapter 11 case in the U.S. Bankruptcy Court
for the District of Delaware citing industry-wide and internal
challenges that have complicated its efforts to stabilize and
improve its brands.  

Also included in the filing are its subsidiaries Vestis Retail
Financing, LLC; EMS Operating Company, LLC; Vestis IP Holdings,
LLC; Bob's Stores, LLC; EMS Acquisition LLC; Sport Chalet, LLC;
Sport Chalet Value Services, LLC; and Sport Chalet Team Sales, LLC.


The Debtors plan to restructure around their core brands -- Bob's
Stores and EMS -- and maximize value from their non-core
businesses, primarily through store closing sales and the sale of
the remaining related assets.

In filings with the Court, the Debtors said the continuing shift in
consumer behavior away from traditional brick-and-mortar retailers
and toward online-only stores, together with increased competition
from big-box and specialty sporting goods retailers, have
contributed to an industry-wide weakness in their business
segments.

In addition, the Debtors said they had to address a number of
legacy challenges remaining from the prior ownership of EMS and
Sport Chalet following their acquisition of EMS in 2012 and Sports
Chalet in August 2014.  Among other things, the Debtors noted,
EMS's progress has been hobbled by onerous liabilities with respect
to certain pre-acquisition leases, while Sport Chalet faced more
significant operational and sales challenges.

According to Mark T. Walsh, chief executive officer and a member of
the Board of Managers of Vestis Retail Group, the Debtors suffered
operating losses in 2015 that caused a constraint on their
liquidity in the first quarter of 2016.  Despite the extension of
loans totaling approximately $40 million since January 2016, the
Debtors have continued to face significant financial pressure and
ultimately were unable to preserve Sport Chalet as a going concern
and, accordingly, commenced going out of business sales of the
Sport Chalet stores (along with eight EMS stores and one Bob's
Stores location) on April 16, 2016, he said.

The Debtors intend to utilize the Chapter 11 process to facilitate
the continuation, and completion, of the operating initiatives they
have undertaken and that are underway at Bob's Stores and EMS,
while allowing them to address external factors that have
negatively contributed to their recent financial performance.  The
Debtors expect that the Cases will enable them to continue the
Store Closing Sales on an expedited and orderly basis.

Toward that end, the Debtors have entered into a transaction,
pursuant to which Vestis BSI Funding II, LLC, as stalking horse
bidder, has agreed to acquire substantially all of the Debtors'
assets as a going concern, subject to the terms and conditions of
an Asset Purchase Agreement dated April 17, 2016, for a purchase
price comprising of cash equal to $1.5 million and a credit bid
equal to $35 million.

To provide them with sufficient runway to navigate through the
Chapter 11 process, the Debtors had negotiated a credit agreement
with Wells Fargo Capital Finance, LLC, as administrative agent, and
certain lenders, pursuant to which, subject to Court approval, the
Debtors will receive a $125 million senior secured superpriority
revolving facility.

With the Stalking Horse Bid in place, the Debtors intend to conduct
an overbid process under Section 363 of the Bankruptcy Code to
determine if a higher and better offer can be obtained.

Contemporaneously with the bankruptcy petitions, the Debtors have
requested various types of relief in the "first day motions"
seeking authority to, among other things, pay prepetition employee
obligations, use existing cash management system, prohibit utility
providers from discontinuing services, and continue store closing
sales.

A copy of the declaration in support of the First Day Motions is
available at no charge at:

      http://bankrupt.com/misc/2_VESTIS_Declaration.pdf

                      About Vestis Group

Headquartered in Meriden, Connecticut, Vestis Retail Group, LLC, et
al., operate 144 retail stores, which are located in 15 states.
Bob's Stores operates 36 stores throughout New England, New York,
and New Jersey.  EMS operates 61 stores, located primarily in the
Northeastern states.  Sport Chalet operates 47 stores throughout
California, Arizona, and Nevada.  Bob's Stores and EMS primarily
operate stores located in the Northeastern states, while Sport
Chalet's stores, which are currently being liquidated, are located
in the Western states.

Prior to the Petition Date, each of the three Debtor retailers
operated an e-commerce site at, respectively, www.bobstores.com,
www.sportchalet.com, and www.ems.com.  In 2015, the Debtors
collectively generated 5% of their total sales, or approximately
$32 million, through e-commerce, according to Court documents.

As of the Petition Date, the Debtors owe Wells Fargo Bank, National
Association, as DIP Agent and administrative agent under a 2015
credit facility, approximately $113.38 million and Vestis BSI
Funding II, LLC, as administrative agent under a term loan and
security agreement dated as of Jan. 7, 2016, approximately $65.29
million, Court documents show.  Unsecured creditors are owed
approximately $98 million as of the Petition Date.

The Debtors have hired Young, Conaway, Stargatt & Taylor, LLP as
their counsel and Kurtzman Carson Consultants, LLC as their claims
and noticing agent.

The Debtors are seeking joint administration of their Chapter 11
csaes under the case of Vestis Retail Group, LLC, Case No.
16-10971.

Judge Christopher S. Sontchi is assigned to the cases.


VOA INC: Case Summary & 11 Unsecured Creditors
----------------------------------------------
Debtor: VOA Inc.
        4108 E. Florence Ave
        Bell Gardens, CA 90201

Case No.: 16-14884

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Central District of California (Los Angeles)

Judge: Hon. Sandra R. Klein

Debtor's Counsel: Robert M Yaspan, Esq.
                  LAW OFFICES OF ROBERT M YASPAN
                  21700 Oxnard St Ste 1750
                  Woodland Hills, CA 91367
                  Tel: 818-905-7711
                  Fax: 818-501-7711
                  E-mail: RYaspan@yaspanlaw.com

Total Assets: $281,740

Total Liabilities: $623,839

The petition was signed by Vicente Ortiz, CEO.

A list of the Debtor's 11 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-14884.pdf


WATCO COS: S&P Revises Outlook to Stable & Affirms 'B' CCR
----------------------------------------------------------
Standard & Poor's Ratings Services said that it has revised its
outlook on U.S.-based Watco Cos. LLC to stable from positive and
affirmed all of its rating on the company, including S&P's 'B'
corporate credit rating.

"The outlook revision on Watco reflects the weakening of the
company's credit metrics due to the additional debt it took on to
support the acquisitions of Texas and New Mexico Railway and
Lubbock and Western Railway and its softer revenue," said Standard
& Poor's credit analyst Tatiana Kleiman.  "Watco's revenue declined
in 2015 because of the impact of low oil prices on its
crude-by-rail business and its weaker fuel surcharge revenue."

The stable outlook reflects S&P's expectation that Watco's credit
metrics will remain appropriate for the current rating due to the
improved earnings from its recent acquisitions/expansion projects
as well as the contributions from its JV with Greenbrier as tank
car maintenance work begins to ramp up.  Some of this earnings
improvement will likely to be offset by reduced volumes in the
company's crude-by-rail-related services as we expect that oil
prices will remain low through the end of the year.

S&P could raise its ratings on Watco if the company continues to
successfully diversify its operations and generates improved
operating results that S&P believes will allow it to sustain a
debt-to-EBITDA metric of less than 4.5x and a FFO-to-debt ratio in
the mid-teens percent area.

Although unlikely over the next year, S&P could downgrade Watco if
the company is more aggressive than S&P expects regarding
acquisitions (i.e. issuing more debt), or if the loss of revenue
related to its crude-by-rail segment is larger than S&P expects
such that its debt-to-EBITDA metric exceeds 6x and its FFO-to-debt
ratio declines below 10% and remains there on a sustained basis.



WATERFORD FUNDING: Baker's "Substitution of Attorneys" Disapproved
------------------------------------------------------------------
Judge Allison Claire of the United States District Court for the
Eastern District of California disapproved the "Substitution of
Attorneys" submitted by Baker Recovery Services, the Chapter 11
Trustee's assignee of a default judgment against John Stone in the
case captioned GIL A. MILLER, Chapter 11 Trustee for WATERFORD
FUNDING, LLC, et al., Plaintiffs, v. JOHN STONE, Defendant, No.
2:15-mc-0137 WBS AC (E.D. Cal.), relating to In re: WATERFORD
FUNDING, LLC, et al., Debtors.

A full-text copy of Judge Claire's April 6, 2016 order is available
at http://is.gd/MjH7Cqfrom Leagle.com.

Gil A. Miller is represented by:

          Peggy Hunt, Esq.
          DORSEY & WHITNEY, LLP
          Kearns Building
          136 South Main Street, Suite 1000
          Salt Lake City, UT 84101-1685
          Tel: (801)933-7360
          Fax: (801)933-7373
          Email: hunt.peggy@dorsey.com

John Stone is represented by:

          Bruce J Boehm, Esq.
          MCKAY BURTON & THURMAN
          15 West South Temple, Suite 1000
          Salt Lake City, UT 84101
          Tel: (801)521-4135
          Fax: (801)521-4252
          Email: bboehm@mbt-law.com

Baker Recovery Services is represented by:

          Brett H. Ramsaur, Esq.
          SNELL AND WILMER L.L.P.
          Plaza Tower
          600 Anton Boulevard Suite 1400
          Costa Mesa, CA 92626-7689
          Tel: (714)427-7000
          Fax: (714)427-7799
          Email: bramsaur@swlaw.com

                    About Waterford Funding

Based in Salt Lake City, Utah, Waterford Funding, LLC --
http://www.waterfordfunding.com/-- specialized in solving the  
short-term cash flow problems of new, early-stage and established
commercial enterprises through real-estate based loans.  Waterford
Funding and Waterford Loan Fund filed for Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 09-22584 and 09-22583) on March 20, 2009.

James W. Anderson, Esq., at Miller Guymon, PC, served as the
Debtors' counsel.  Waterford Loan Fund's petition estimated
$1 million to $10 million in assets, and $50 million to
$100 million in debts.

Affiliates Waterford Services LLC, Waterford Candwich LLC,
Waterford Perdido LLC, and Investment Recovery, L.C., also sought
Chapter 11 protection.

On Jan. 5, 2010, the Court approved the resignation of Daniel A.
Scarlet as Chief Restructuring Officer and the appointment of Gil
A. Miller as the Chapter 11 Trustee.

In January 2011, the Bankruptcy Court granted the Chapter 11
Trustee's request for substantive consolidation as of March 20,
2009, of the Debtors' cases.

The Chapter 11 Trustee is represented by Peggy Hunt, Esq., Benjamin
J. Kotter, Esq., AND Paul J. Justensen, Esq., at Dorsey & Whitney
LLP, in Salt Lake City, Utah.


WILLMAN CONSTRUCTION: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Willman Construction, Inc.
        1129 W. 3rd Street
        Davenport, IA 52802

Case No.: 16-00774

Chapter 11 Petition Date: April 15, 2016

Court: United States Bankruptcy Court
       Southern District of Iowa (Davenport)

Judge: Hon. Lee M. Jackwig

Debtor's Counsel: Dale G Haake, Esq.
                  KATZ NOWINSKI P.C.
                  1000 36th Ave
                  PO Box 950
                  Moline, IL 61266-0950
                  Tel: (309) 797-3000
                  Fax: (309) 797-3330
                  E-mail: dhaake@katzlawfirm.com

Total Assets: $521,700

Total Liabilities: $1.20 million

The petition was signed by Mark. Willman, authorized
representative.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/iasb16-00774.pdf


WINDSOR FINANCIAL: Creditors Have Until May 10 to File Claims
-------------------------------------------------------------
A U.S. bankruptcy court approved the deadline proposed by Windsor
Financial Group LLC for filing claims.

The order, issued by the U.S. Bankruptcy Court for the Southern
District of New York, gives creditors holding pre-bankruptcy claims
until May 10, 2016, to file proofs of their claims.

This deadline is called a "bar date" because it means that
creditors who come forward after that date may be "barred" from
ever filing a claim against the company.   

                     About 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.


WINSWAY ENTERPRISES: Chapter 15 Recognition Hearing Set for May 9
-----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
scheduled a hearing at 10:00 a.m. (New York Time) on May 9, 2016,
to consider approval of the verified petition for recognition of
foreign non-main proceeding and the motion for related relief
pursuant to Chapter 15 of the U.S. Bankruptcy Code Section
101-1532, filed by Cao Xinyi, in her capacity as the foreign
representative in respect of a voluntary restructuring proceeding
concerning Winsway Enterprises Holdings Limited fka Winsway Coking
Coal Holdings Limited currently pending before the High Court of
the Hong Kong Special Administrative Region.

Copies of the petition and all accompanying documentation are
available to parties in interest on the Court's electronic case
filing system, which can be accessed from the Court's website at
http://www.nysb.uscourts/govor upon written request to the
petitioner's counsel addressed to:

   Reed Smith LLP
   Michael J. Venditto, Esq.
   Sarah K. Kam, Esq.
   599 Lexington Avenue
   New York, NY 10022
   Tel: (212) 521-5400
   Fax: (212) 521-5450
   Email: mvenditto@reedsmith.com
          skam@reedsmith.com

Objections to the petition, if any, must be filed no later than
4:00 p.m. New York Time on May 2, 2016.

Winsway Enterprises Holdings Limited, together with its
subsidiaries, processes and trades in coking coal and other
products in the People's Republic of China and internationally.
The company manages and operates coal processing plants.  It also
provides logistics services.  The company was formerly known as
Winsway Coking Coal Holdings Limited and changed its name to
Winsway Enterprises Holdings Limited in June 2014.  Winsway
Enterprises Holdings Limited was incorporated in 2007 and is
headquartered in Beijing, the People's Republic of China

The Chapter 15 case, filed in the U.S. Bankruptcy Court for the
Southern District of New York (Bankr. S.D.N.Y. Case No. 16-10833)
on April 6, 2016, is assigned to Judge Martin Glenn.


[*] House Passes Financial Institution Bankruptcy Bill
------------------------------------------------------
Diane Davis, writing for Bloomberg Brief, reported that the House
on April 12, 2016, passed a bill by voice vote that would amend
Chapter 11 of the Bankruptcy Code to address large failing
financial institutions.

According to the report, the bill, which would establish a new
bankruptcy process for certain financial institutions with assets
of $50 billion or more, was brought to the floor under suspension
of the rules, which requires a two-thirds vote for passage and
allows no floor amendments.

The Financial Institution Bankruptcy Act (FIBA) of 2016 (H.R.
2947), was introduced July 7, 2015 by Rep. David A. Trott (R-Mich.)
and co-sponsored by Reps. John Conyers Jr. (D-Mich.), Tom Marino
(R-Pa.), and Dennis A. Ross (R-Fla.), the report related.  The
House Judiciary Committee favorably reported the bill Feb. 11, by a
vote of 25-0, the report further related.

House Judiciary Chairman Bob Goodlatte (R-Va.) called the bill a
"necessary reform" that is based on "long standing bankruptcy
principles," the report cited.

"FIBA is a strongly bipartisan bill that establishes a transparent,
predictable process, overseen by an experienced bankruptcy judge,
to handle the failure of financial institutions," the report cited
a House Judiciary Committee joint press release issued after the
vote on behalf of Goodlatte, Marino, and Trott.  "Furthermore, FIBA
will ensure shareholders and creditors of a financial institution,
not taxpayers, bear the risk and the losses associated with the
failure of a financial institution.  This legislation will not
create
a single new regulation and is an important step towards
safeguarding against a future systemic economic collapse," they
said.


[*] Peabody Pushes US Metals Loan Default Rate to 29%, Fitch Says
-----------------------------------------------------------------
The bankruptcy filing by coal producer Peabody Energy boosts the
trailing 12-month (TTM) US institutional leveraged loan default
rate in the troubled metals/ mining sector to 29% from 25% and the
overall loan market TTM default rate to 1.9%, Fitch Ratings says.
Approximately $8.4 billion of loan and bond debt is affected.

The high yield bond April TTM metals/mining rate will climb to 20%
from 14.6% while the overall rate will hit 3.9%.  In addition, the
coal subsector TTM default rate will approach 70%.

Fitch's view, (as reflected in its RR6 unsecured issue rating) is
that recovery prospects on the notes are poor, based on Fitch's
enterprise valuation of Peabody in a reorganization scenario.  The
market bid prices of about 0.05 are consistent with this
expectation.  Peabody fully drew down on its $1.65 billion
revolving credit facility on Feb. 9, 2016, which further
subordinated the unsecured notes within the capital structure.  The
$1.2 billion term loan was bid at $0.38375 and the second lien
notes were trading a $0.06625.  The below average loan bid and poor
bond trading price are indicative of the low current valuations in
the adverse operating environment.

Peabody filed for bankruptcy in the face of a wide range of
challenges including: high debt balances following the 2011
acquisition of Macarthur Coal; competition from cheap natural gas
and high coal and natural gas stocks in the United States; weak
seaborne coal markets in the Asia Pacific markets; and sticky
capital expenditures that led to cash burn and reduced liquidity.
The debt-laden capital structure became unsustainable as cash flows
worsened and access to capital markets evaporated.

A planned asset sale to privately held Bowie Resource Partners fell
through in February 2016 when the buyer was unable to complete
financing and Peabody did not realize the expected boost to
liquidity.  Asset sales in the beleaguered mining sector are
difficult given the coal market imbalance of supply, secular
decline and a lack of financially sound strategic buyers.

Recent Chapter 11 filings by other US coal companies alleviated
their debt burden while reducing interest expense and other costs,
and it made increasing sense for Peabody to follow in their
footsteps.  Bankruptcy filings by leveraged coal miners included:
Arch Coal (January 2016), Alpha Natural Resources (August 2015),
Walter Energy (July 2015) and Patriot Coal (May 2015).


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                 Total
                                                Share-      Total
                                    Total     Holders'    Working
                                   Assets       Equity    Capital
  Company          Ticker            ($MM)        ($MM)      ($MM)
  -------          ------          ------     --------    -------
ABSOLUTE SOFTWRE   ABT CN           108.3        (42.6)     (41.9)
ABSOLUTE SOFTWRE   ALSWF US         108.3        (42.6)     (41.9)
ABSOLUTE SOFTWRE   OU1 GR           108.3        (42.6)     (41.9)
ABSOLUTE SOFTWRE   ABT2EUR EU       108.3        (42.6)     (41.9)
ADV MICRO DEVICE   AMD* MM        3,109.0       (412.0)     917.0
ADVENT SOFTWARE    ADVS US          424.8        (50.1)    (110.8)
AEROJET ROCKETDY   GCY GR         2,034.9       (145.5)     108.5
AEROJET ROCKETDY   GCY TH         2,034.9       (145.5)     108.5
AEROJET ROCKETDY   AJRD US        2,034.9       (145.5)     108.5
AK STEEL HLDG      AKS US         4,084.4       (595.6)     763.6
AK STEEL HLDG      AK2 GR         4,084.4       (595.6)     763.6
AK STEEL HLDG      AK2 TH         4,084.4       (595.6)     763.6
AK STEEL HLDG      AKS* MM        4,084.4       (595.6)     763.6
AMYLIN PHARMACEU   AMLN US        1,998.7        (42.4)     263.0
ANGIE'S LIST INC   ANGI US          174.9         (2.4)     (21.3)
ANGIE'S LIST INC   8AL GR           174.9         (2.4)     (21.3)
ARCH COAL INC      ACIIQ* MM      5,106.7     (1,244.3)  (4,361.0)
ARGOS THERAPEUTI   ARGS US           31.1        (28.2)       0.7
ARGOS THERAPEUTI   77A GR            31.1        (28.2)       0.7
ARIAD PHARM        ARIA SW          546.7       (103.1)     142.9
ARIAD PHARM        ARIA US          546.7       (103.1)     142.9
ARIAD PHARM        APS QT           546.7       (103.1)     142.9
ARIAD PHARM        APS GR           546.7       (103.1)     142.9
ARIAD PHARM        ARIAEUR EU       546.7       (103.1)     142.9
ARIAD PHARM        APS TH           546.7       (103.1)     142.9
ARIAD PHARM        ARIACHF EU       546.7       (103.1)     142.9
ASPEN TECHNOLOGY   AZPN US          276.4        (22.2)      (4.4)
ASPEN TECHNOLOGY   AST GR           276.4        (22.2)      (4.4)
AUTOZONE INC       AZ5 GR         8,366.4     (1,741.3)    (784.8)
AUTOZONE INC       AZ5 QT         8,366.4     (1,741.3)    (784.8)
AUTOZONE INC       AZOEUR EU      8,366.4     (1,741.3)    (784.8)
AUTOZONE INC       AZ5 TH         8,366.4     (1,741.3)    (784.8)
AUTOZONE INC       AZO US         8,366.4     (1,741.3)    (784.8)
AVID TECHNOLOGY    AVD GR           247.9       (329.6)    (167.5)
AVID TECHNOLOGY    AVID US          247.9       (329.6)    (167.5)
AVINTIV SPECIALT   POLGA US       1,991.4         (3.9)     322.1
AVON - BDR         AVON34 BZ      3,879.5     (1,056.4)     146.0
AVON PRODUCTS      AVP GR         3,879.5     (1,056.4)     146.0
AVON PRODUCTS      AVP TH         3,879.5     (1,056.4)     146.0
AVON PRODUCTS      AVP US         3,879.5     (1,056.4)     146.0
AVON PRODUCTS      AVP* MM        3,879.5     (1,056.4)     146.0
AVON PRODUCTS      AVP QT         3,879.5     (1,056.4)     146.0
AVON PRODUCTS      AVP CI         3,879.5     (1,056.4)     146.0
BARRACUDA NETWOR   CUDAEUR EU       429.9        (30.5)     (27.7)
BARRACUDA NETWOR   7BM GR           429.9        (30.5)     (27.7)
BARRACUDA NETWOR   CUDA US          429.9        (30.5)     (27.7)
BARRACUDA NETWOR   7BM QT           429.9        (30.5)     (27.7)
BENEFITFOCUS INC   BNFT US          182.1        (18.0)      18.4
BENEFITFOCUS INC   BTF GR           182.1        (18.0)      18.4
BERRY PLASTICS G   BP0 GR         7,710.0        (67.0)     646.0
BERRY PLASTICS G   BERY US        7,710.0        (67.0)     646.0
BLUE BIRD CORP     1291067D US      251.0       (121.5)       1.5
BLUE BIRD CORP     BLBD US          251.0       (121.5)       1.5
BOMBARDIER INC-B   BBDBN MM      22,903.0     (4,054.0)     282.0
BOMBARDIER-B OLD   BBDYB BB      22,903.0     (4,054.0)     282.0
BOMBARDIER-B W/I   BBD/W CN      22,903.0     (4,054.0)     282.0
BRINKER INTL       EAT US         1,579.9       (164.9)    (195.1)
BRINKER INTL       BKJ GR         1,579.9       (164.9)    (195.1)
BRP INC/CA-SUB V   DOO CN         2,445.2        (14.1)     363.3
BRP INC/CA-SUB V   BRPIF US       2,445.2        (14.1)     363.3
BRP INC/CA-SUB V   B15A GR        2,445.2        (14.1)     363.3
BUFFALO COAL COR   BUC SJ            49.8        (19.3)      (2.2)
BURLINGTON STORE   BURL US        2,580.1        (99.0)      46.4
BURLINGTON STORE   BUI GR         2,580.1        (99.0)      46.4
CABLEVISION SY-A   CVCEUR EU      6,867.3     (4,911.6)    (313.1)
CABLEVISION SY-A   CVY TH         6,867.3     (4,911.6)    (313.1)
CABLEVISION SY-A   CVY GR         6,867.3     (4,911.6)    (313.1)
CABLEVISION SY-A   CVC US         6,867.3     (4,911.6)    (313.1)
CABLEVISION-W/I    8441293Q US    6,867.3     (4,911.6)    (313.1)
CABLEVISION-W/I    CVC-W US       6,867.3     (4,911.6)    (313.1)
CAMBIUM LEARNING   ABCD US          141.4        (74.2)     (54.9)
CASELLA WASTE      WA3 GR           649.9        (21.6)      (8.7)
CASELLA WASTE      CWST US          649.9        (21.6)      (8.7)
CENTENNIAL COMM    CYCL US        1,480.9       (925.9)     (52.1)
CHARTER COM-A      CKZA GR       39,316.0        (46.0)  (1,627.0)
CHARTER COM-A      CKZA TH       39,316.0        (46.0)  (1,627.0)
CHARTER COM-A      CHTR US       39,316.0        (46.0)  (1,627.0)
CHOICE HOTELS      CHH US           717.0       (395.9)     102.9
CHOICE HOTELS      CZH GR           717.0       (395.9)     102.9
CINCINNATI BELL    CIB GR         1,454.4       (298.2)     (58.8)
CINCINNATI BELL    CBB US         1,454.4       (298.2)     (58.8)
CLEAR CHANNEL-A    C7C GR         6,357.2       (569.7)     656.6
CLEAR CHANNEL-A    CCO US         6,357.2       (569.7)     656.6
CLIFFS NATURAL R   CLF* MM        2,135.5     (1,811.6)     401.0
CLIFFS NATURAL R   CLF US         2,135.5     (1,811.6)     401.0
CLIFFS NATURAL R   CVA QT         2,135.5     (1,811.6)     401.0
CLIFFS NATURAL R   CVA TH         2,135.5     (1,811.6)     401.0
CLIFFS NATURAL R   CLF2EUR EU     2,135.5     (1,811.6)     401.0
CLIFFS NATURAL R   CVA GR         2,135.5     (1,811.6)     401.0
COGENT COMMUNICA   CCOI US          662.8        (12.3)     182.4
COGENT COMMUNICA   OGM1 GR          662.8        (12.3)     182.4
COHERUS BIOSCIEN   8C5 TH           212.4         (6.9)      91.4
COHERUS BIOSCIEN   8C5 GR           212.4         (6.9)      91.4
COHERUS BIOSCIEN   CHRSEUR EU       212.4         (6.9)      91.4
COHERUS BIOSCIEN   CHRS US          212.4         (6.9)      91.4
COLGATE-BDR        COLG34 BZ     11,958.0        (44.0)     850.0
COLGATE-PALMOLIV   CL* MM        11,958.0        (44.0)     850.0
COLGATE-PALMOLIV   CPA TH        11,958.0        (44.0)     850.0
COLGATE-PALMOLIV   CPA GR        11,958.0        (44.0)     850.0
COLGATE-PALMOLIV   CLEUR EU      11,958.0        (44.0)     850.0
COLGATE-PALMOLIV   CPA QT        11,958.0        (44.0)     850.0
COLGATE-PALMOLIV   CLCHF EU      11,958.0        (44.0)     850.0
COLGATE-PALMOLIV   CL SW         11,958.0        (44.0)     850.0
COLGATE-PALMOLIV   CL US         11,958.0        (44.0)     850.0
COMMUNICATION      8XC GR         2,542.6     (1,166.9)       -
COMMUNICATION      CSAL US        2,542.6     (1,166.9)       -
CPI CARD GROUP I   PNT CN           280.4        (86.6)      59.0
CPI CARD GROUP I   PMTS US          280.4        (86.6)      59.0
CPI CARD GROUP I   CPB GR           280.4        (86.6)      59.0
CYAN INC           CYNI US          112.1        (18.4)      56.9
CYAN INC           YCN GR           112.1        (18.4)      56.9
DELEK LOGISTICS    DKL US           375.3        (11.0)      26.4
DELEK LOGISTICS    D6L GR           375.3        (11.0)      26.4
DENNY'S CORP       DENN US          297.0        (60.6)     (65.1)
DENNY'S CORP       DE8 GR           297.0        (60.6)     (65.1)
DIRECTV            DTVEUR EU     25,321.0     (3,463.0)   1,360.0
DIRECTV            DTV CI        25,321.0     (3,463.0)   1,360.0
DIRECTV            DTV US        25,321.0     (3,463.0)   1,360.0
DOMINO'S PIZZA     DPZ US           799.8     (1,800.3)     226.7
DOMINO'S PIZZA     EZV GR           799.8     (1,800.3)     226.7
DOMINO'S PIZZA     EZV TH           799.8     (1,800.3)     226.7
DPL INC            DPL US         3,340.8        (62.2)    (453.8)
DUN & BRADSTREET   DNB1EUR EU     2,273.6     (1,105.3)       0.4
DUN & BRADSTREET   DB5 GR         2,273.6     (1,105.3)       0.4
DUN & BRADSTREET   DNB US         2,273.6     (1,105.3)       0.4
DUNKIN' BRANDS G   DNKN US        3,197.1       (220.7)     139.0
DUNKIN' BRANDS G   2DB GR         3,197.1       (220.7)     139.0
DUNKIN' BRANDS G   2DB TH         3,197.1       (220.7)     139.0
DURATA THERAPEUT   DRTXEUR EU        82.1        (16.1)      11.7
DURATA THERAPEUT   DRTX US           82.1        (16.1)      11.7
DURATA THERAPEUT   DTA GR            82.1        (16.1)      11.7
EAST DUBUQUE NIT   RNF US           241.4       (166.3)      12.0
EDGEN GROUP INC    EDG US           883.8         (0.8)     409.2
EMPIRE RESORTS I   LHC1 GR           65.4         (1.5)      (6.7)
EMPIRE RESORTS I   NYNY US           65.4         (1.5)      (6.7)
ENERGIZER HOLDIN   EGG GR         1,617.5        (32.5)     639.3
ENERGIZER HOLDIN   ENR-WEUR EU    1,617.5        (32.5)     639.3
ENERGIZER HOLDIN   ENR US         1,617.5        (32.5)     639.3
EPL OIL & GAS IN   EPL US           563.6       (933.3)    (308.4)
EPL OIL & GAS IN   EPA1 GR          563.6       (933.3)    (308.4)
ERIN ENERGY CORP   ERN SJ           376.2       (105.8)    (314.8)
EXELIXIS INC       EX9 GR           332.3       (104.3)     126.4
EXELIXIS INC       EXELEUR EU       332.3       (104.3)     126.4
EXELIXIS INC       EX9 TH           332.3       (104.3)     126.4
EXELIXIS INC       EXEL US          332.3       (104.3)     126.4
FAIRPOINT COMMUN   FONN GR        1,322.5         (1.5)      (4.1)
FAIRPOINT COMMUN   FRP US         1,322.5         (1.5)      (4.1)
FIFTH STREET ASS   FSAM US          151.2         (1.7)       -
FREESCALE SEMICO   FSL US         3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO   1FS QT         3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO   1FS TH         3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO   FSLEUR EU      3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO   1FS GR         3,159.0     (3,079.0)   1,264.0
GAMCO INVESTO-A    GBL US           104.0       (276.3)       -
GAMING AND LEISU   GLPI US        2,448.2       (253.5)     (83.7)
GAMING AND LEISU   2GL GR         2,448.2       (253.5)     (83.7)
GARDA WRLD -CL A   GW CN          1,828.2       (378.3)     124.2
GARTNER INC        IT US          2,174.7       (132.4)    (182.5)
GARTNER INC        GGRA GR        2,174.7       (132.4)    (182.5)
GENTIVA HEALTH     GTIV US        1,225.2       (285.2)     130.0
GENTIVA HEALTH     GHT GR         1,225.2       (285.2)     130.0
GLG PARTNERS INC   GLG US           400.0       (285.6)     156.9
GLG PARTNERS-UTS   GLG/U US         400.0       (285.6)     156.9
GOLD RESERVE INC   GRZ CN            15.0        (32.3)     (42.5)
GOLD RESERVE INC   GOD GR            15.0        (32.3)     (42.5)
GOLD RESERVE INC   GDRZF US          15.0        (32.3)     (42.5)
GRAHAM PACKAGING   GRM US         2,947.5       (520.8)     298.5
GYMBOREE CORP/TH   GYMB US        1,242.0       (386.5)      30.8
H&R BLOCK INC      HRBEUR EU      2,874.0       (536.7)     631.6
H&R BLOCK INC      HRB GR         2,874.0       (536.7)     631.6
H&R BLOCK INC      HRB TH         2,874.0       (536.7)     631.6
H&R BLOCK INC      HRB US         2,874.0       (536.7)     631.6
HCA HOLDINGS INC   2BH TH        32,744.0     (6,046.0)   3,716.0
HCA HOLDINGS INC   2BH GR        32,744.0     (6,046.0)   3,716.0
HCA HOLDINGS INC   HCAEUR EU     32,744.0     (6,046.0)   3,716.0
HCA HOLDINGS INC   HCA US        32,744.0     (6,046.0)   3,716.0
HECKMANN CORP-U    HEK/U US         531.3        (38.3)    (461.5)
HERBALIFE LTD      HLF US         2,477.9        (53.5)     541.9
HERBALIFE LTD      HLFEUR EU      2,477.9        (53.5)     541.9
HERBALIFE LTD      HOO GR         2,477.9        (53.5)     541.9
HEWLETT-PACKA-WI   HPQ-W US      25,517.0     (4,909.0)  (1,606.0)
HOVNANIAN-A-WI     HOV-W US       2,552.7       (143.1)   1,501.0
HP COMPANY-BDR     HPQB34 BZ     25,517.0     (4,909.0)  (1,606.0)
HP INC             HPQ TE        25,517.0     (4,909.0)  (1,606.0)
HP INC             HPQ US        25,517.0     (4,909.0)  (1,606.0)
HP INC             HPQ SW        25,517.0     (4,909.0)  (1,606.0)
HP INC             7HP TH        25,517.0     (4,909.0)  (1,606.0)
HP INC             7HP GR        25,517.0     (4,909.0)  (1,606.0)
HP INC             HPQCHF EU     25,517.0     (4,909.0)  (1,606.0)
HP INC             HPQ CI        25,517.0     (4,909.0)  (1,606.0)
HP INC             HPQ* MM       25,517.0     (4,909.0)  (1,606.0)
HP INC             HWP QT        25,517.0     (4,909.0)  (1,606.0)
HUGHES TELEMATIC   HUTCU US         110.2       (101.6)    (113.8)
IDEXX LABS         IX1 GR         1,475.0        (84.0)     (35.1)
IDEXX LABS         IX1 TH         1,475.0        (84.0)     (35.1)
IDEXX LABS         IDXX US        1,475.0        (84.0)     (35.1)
IMMUNOGEN INC      IMGN US          251.6        (16.7)     179.3
IMMUNOGEN INC      IMU TH           251.6        (16.7)     179.3
IMMUNOGEN INC      IMU GR           251.6        (16.7)     179.3
INFOR US INC       LWSN US        6,778.1       (460.0)    (305.9)
INNOVIVA INC       HVE GR           424.1       (342.6)     200.8
INNOVIVA INC       INVA US          424.1       (342.6)     200.8
INTERNATIONAL WI   ITWG US          325.1        (11.5)      95.4
INVENTIV HEALTH    VTIV US        2,152.7       (771.1)     124.3
IONIX TECHNOLOGY   IINX US            0.0         (0.0)      (0.0)
IPCS INC           IPCS US          559.2        (33.0)      72.1
ISRAMCO INC        IRM GR           147.0         (2.9)      13.0
ISRAMCO INC        ISRLEUR EU       147.0         (2.9)      13.0
ISRAMCO INC        ISRL US          147.0         (2.9)      13.0
ISTA PHARMACEUTI   ISTA US          124.7        (64.8)       2.2
J CREW GROUP INC   JCG US         1,516.3       (769.0)      91.7
JACK IN THE BOX    JACK1EUR EU    1,273.0        (60.1)    (103.2)
JACK IN THE BOX    JACK US        1,273.0        (60.1)    (103.2)
JACK IN THE BOX    JBX GR         1,273.0        (60.1)    (103.2)
JUST ENERGY GROU   JE US          1,274.3       (673.6)     (97.6)
JUST ENERGY GROU   JE CN          1,274.3       (673.6)     (97.6)
JUST ENERGY GROU   1JE GR         1,274.3       (673.6)     (97.6)
KEMPHARM INC       1GD GR            55.7        (10.1)      45.7
KEMPHARM INC       KMPH US           55.7        (10.1)      45.7
KOPPERS HOLDINGS   KO9 GR         1,125.4        (12.4)     163.8
KOPPERS HOLDINGS   KOP US         1,125.4        (12.4)     163.8
L BRANDS INC       LBEUR EU       8,493.0       (258.0)   2,281.0
L BRANDS INC       LTD TH         8,493.0       (258.0)   2,281.0
L BRANDS INC       LB* MM         8,493.0       (258.0)   2,281.0
L BRANDS INC       LTD GR         8,493.0       (258.0)   2,281.0
L BRANDS INC       LB US          8,493.0       (258.0)   2,281.0
L BRANDS INC       LTD QT         8,493.0       (258.0)   2,281.0
LEAP WIRELESS      LWI TH         4,662.9       (125.1)     346.9
LEAP WIRELESS      LEAP US        4,662.9       (125.1)     346.9
LEAP WIRELESS      LWI GR         4,662.9       (125.1)     346.9
LORILLARD INC      LLV GR         4,154.0     (2,134.0)   1,135.0
LORILLARD INC      LLV TH         4,154.0     (2,134.0)   1,135.0
LORILLARD INC      LO US          4,154.0     (2,134.0)   1,135.0
MADISON-A/NEW-WI   MSGN-W US        911.0     (1,213.9)     103.4
MAJESCOR RESOURC   MJXEUR EU          0.0         (0.1)      (0.1)
MALIBU BOATS-A     MBUU US          199.9         (1.4)      13.7
MALIBU BOATS-A     M05 GR           199.9         (1.4)      13.7
MANNKIND CORP      MNKD IT          126.4       (350.3)    (191.7)
MARRIOTT INTL-A    MAQ TH         6,082.0     (3,590.0)  (1,849.0)
MARRIOTT INTL-A    MAR US         6,082.0     (3,590.0)  (1,849.0)
MARRIOTT INTL-A    MAQ QT         6,082.0     (3,590.0)  (1,849.0)
MARRIOTT INTL-A    MAQ GR         6,082.0     (3,590.0)  (1,849.0)
MDC COMM-W/I       MDZ/W CN       1,590.2       (417.6)    (403.9)
MDC PARTNERS-A     MDCA US        1,590.2       (417.6)    (403.9)
MDC PARTNERS-A     MD7A GR        1,590.2       (417.6)    (403.9)
MDC PARTNERS-A     MDZ/A CN       1,590.2       (417.6)    (403.9)
MDC PARTNERS-EXC   MDZ/N CN       1,590.2       (417.6)    (403.9)
MEAD JOHNSON       MJNEUR EU      3,998.1       (592.5)   1,349.1
MEAD JOHNSON       0MJA GR        3,998.1       (592.5)   1,349.1
MEAD JOHNSON       MJN US         3,998.1       (592.5)   1,349.1
MEAD JOHNSON       0MJA TH        3,998.1       (592.5)   1,349.1
MEDLEY MANAGE-A    MDLY US          121.5        (17.7)      53.8
MERITOR INC        AID1 GR        2,050.0       (653.0)     118.0
MERITOR INC        MTOR US        2,050.0       (653.0)     118.0
MERRIMACK PHARMA   MACK US          234.9       (183.7)      97.6
MERRIMACK PHARMA   MP6 GR           234.9       (183.7)      97.6
MICHAELS COS INC   MIM GR         2,023.3     (1,724.1)     594.9
MICHAELS COS INC   MIK US         2,023.3     (1,724.1)     594.9
MIDSTATES PETROL   MPO1EUR EU       679.2     (1,326.1)  (1,838.8)
MONEYGRAM INTERN   9M1N QT        4,505.2       (222.8)     (19.0)
MONEYGRAM INTERN   MGI US         4,505.2       (222.8)     (19.0)
MOODY'S CORP       DUT TH         5,123.4       (333.0)   2,024.6
MOODY'S CORP       MCOEUR EU      5,123.4       (333.0)   2,024.6
MOODY'S CORP       DUT GR         5,123.4       (333.0)   2,024.6
MOODY'S CORP       MCO US         5,123.4       (333.0)   2,024.6
MOTOROLA SOLUTIO   MTLA QT        8,387.0        (96.0)   2,389.0
MOTOROLA SOLUTIO   MTLA TH        8,387.0        (96.0)   2,389.0
MOTOROLA SOLUTIO   MOT TE         8,387.0        (96.0)   2,389.0
MOTOROLA SOLUTIO   MTLA GR        8,387.0        (96.0)   2,389.0
MOTOROLA SOLUTIO   MSI US         8,387.0        (96.0)   2,389.0
MPG OFFICE TRUST   1052394D US    1,280.0       (437.3)       -
MSG NETWORKS- A    MSGN US          911.0     (1,213.9)     103.4
MSG NETWORKS- A    1M4 TH           911.0     (1,213.9)     103.4
MSG NETWORKS- A    1M4 GR           911.0     (1,213.9)     103.4
NATHANS FAMOUS     NFA GR            81.0        (65.2)      57.4
NATHANS FAMOUS     NATH US           81.0        (65.2)      57.4
NATIONAL CINEMED   NCMI US        1,084.3       (171.7)      84.6
NATIONAL CINEMED   XWM GR         1,084.3       (171.7)      84.6
NAVIDEA BIOPHARM   NAVB IT           15.0        (53.8)       6.4
NAVISTAR INTL      NAV US         5,980.0     (5,190.0)     139.0
NAVISTAR INTL      IHR GR         5,980.0     (5,190.0)     139.0
NAVISTAR INTL      IHR TH         5,980.0     (5,190.0)     139.0
NEFF CORP-CL A     NEFF US          653.7       (165.8)      22.0
NEW ENG RLTY-LP    NEN US           202.2        (30.8)       -
NORTHERN OIL AND   4LT GR           733.9       (197.6)      50.7
NORTHERN OIL AND   NOG US           733.9       (197.6)      50.7
NTELOS HOLDINGS    NTLS US          643.0        (39.0)     106.7
OMEROS CORP        3O8 TH            49.0        (26.2)      20.9
OMEROS CORP        3O8 GR            49.0        (26.2)      20.9
OMEROS CORP        OMEREUR EU        49.0        (26.2)      20.9
OMEROS CORP        OMER US           49.0        (26.2)      20.9
OMTHERA PHARMACE   OMTH US           18.3         (8.5)     (12.0)
OUTERWALL INC      CS5 GR         1,366.1        (22.1)      43.2
OUTERWALL INC      OUTR US        1,366.1        (22.1)      43.2
PALM INC           PALM US        1,007.2         (6.2)     141.7
PBF LOGISTICS LP   11P GR           422.9       (185.7)      34.2
PBF LOGISTICS LP   PBFX US          422.9       (185.7)      34.2
PENN NATL GAMING   PN1 GR         5,138.8       (678.0)    (185.3)
PENN NATL GAMING   PENN US        5,138.8       (678.0)    (185.3)
PHILIP MORRIS IN   4I1 QT        33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   PM1 TE        33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   PM FP         33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   PMI1 IX       33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   PMI EB        33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   PM1EUR EU     33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   4I1 GR        33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   4I1 TH        33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   PMI SW        33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   PM US         33,956.0    (11,476.0)     418.0
PHILIP MORRIS IN   PM1CHF EU     33,956.0    (11,476.0)     418.0
PLANET FITNESS-A   PLNT US          699.2         (1.1)       6.7
PLANET FITNESS-A   3PL GR           699.2         (1.1)       6.7
PLANET FITNESS-A   3PL TH           699.2         (1.1)       6.7
PLAYBOY ENTERP-A   PLA/A US         165.8        (54.4)     (16.9)
PLAYBOY ENTERP-B   PLA US           165.8        (54.4)     (16.9)
PLY GEM HOLDINGS   PG6 GR         1,285.9        (76.8)     256.1
PLY GEM HOLDINGS   PGEM US        1,285.9        (76.8)     256.1
POLYMER GROUP-B    POLGB US       1,991.4         (3.9)     322.1
PROTECTION ONE     PONE US          562.9        (61.8)      (7.6)
PURETECH HEALTH    PRTCL IX           -            -          -
PURETECH HEALTH    PRTCL EB           -            -          -
PURETECH HEALTH    PRTC LN            -            -          -
PURETECH HEALTH    PRTCGBX EU         -            -          -
QUALITY DISTRIBU   QLTY US          413.0        (22.9)     102.9
QUALITY DISTRIBU   QDZ GR           413.0        (22.9)     102.9
QUINTILES TRANSN   QTS GR         3,926.3       (335.7)     817.8
QUINTILES TRANSN   Q US           3,926.3       (335.7)     817.8
RAYONIER ADV       RYAM US        1,288.5        (17.1)     196.3
RAYONIER ADV       RYQ GR         1,288.5        (17.1)     196.3
REGAL ENTERTAI-A   RGC US         2,632.3       (877.6)    (113.1)
REGAL ENTERTAI-A   RETA GR        2,632.3       (877.6)    (113.1)
REGAL ENTERTAI-A   RGC* MM        2,632.3       (877.6)    (113.1)
RENAISSANCE LEA    RLRN US           57.0        (28.2)     (31.4)
RENTECH NITROGEN   2RN GR           241.4       (166.3)      12.0
RENTPATH LLC       PRM US           208.0        (91.7)       3.6
REVLON INC-A       REV US         2,014.3       (587.5)     351.9
REVLON INC-A       RVL1 GR        2,014.3       (587.5)     351.9
ROUNDY'S INC       RNDY US        1,095.7        (92.7)      59.7
ROUNDY'S INC       4R1 GR         1,095.7        (92.7)      59.7
RURAL/METRO CORP   RURL US          303.7        (92.1)      72.4
RYERSON HOLDING    7RY GR         1,556.2       (140.8)     643.0
RYERSON HOLDING    RYI US         1,556.2       (140.8)     643.0
SALLY BEAUTY HOL   SBH US         2,043.1       (321.7)     674.9
SALLY BEAUTY HOL   S7V GR         2,043.1       (321.7)     674.9
SANCHEZ ENERGY C   13S TH         1,542.3       (456.2)     499.1
SANCHEZ ENERGY C   13S GR         1,542.3       (456.2)     499.1
SANCHEZ ENERGY C   SN US          1,542.3       (456.2)     499.1
SANCHEZ ENERGY C   SN* MM         1,542.3       (456.2)     499.1
SBA COMM CORP-A    SBAC US        7,403.2     (1,706.1)      20.6
SBA COMM CORP-A    SBJ TH         7,403.2     (1,706.1)      20.6
SBA COMM CORP-A    SBJ GR         7,403.2     (1,706.1)      20.6
SBA COMM CORP-A    SBACEUR EU     7,403.2     (1,706.1)      20.6
SCIENTIFIC GAM-A   SGMS US        7,732.2     (1,495.5)     521.6
SCIENTIFIC GAM-A   TJW GR         7,732.2     (1,495.5)     521.6
SEARS HOLDINGS     SEE GR        11,337.0     (1,956.0)     607.0
SEARS HOLDINGS     SHLD US       11,337.0     (1,956.0)     607.0
SEARS HOLDINGS     SEE QT        11,337.0     (1,956.0)     607.0
SEARS HOLDINGS     SEE TH        11,337.0     (1,956.0)     607.0
SENSEONICS HLDGS   SENS US            5.5         (9.7)      (2.4)
SILVER SPRING NE   SSNI US          457.7        (33.9)       5.7
SILVER SPRING NE   9SI TH           457.7        (33.9)       5.7
SILVER SPRING NE   9SI GR           457.7        (33.9)       5.7
SIRIUS XM CANADA   SIICF US         292.9       (134.0)    (172.0)
SIRIUS XM CANADA   XSR CN           292.9       (134.0)    (172.0)
SIRIUS XM HOLDIN   SIRI US        8,046.7       (166.5)  (1,934.6)
SIRIUS XM HOLDIN   RDO TH         8,046.7       (166.5)  (1,934.6)
SIRIUS XM HOLDIN   RDO GR         8,046.7       (166.5)  (1,934.6)
SONIC CORP         SONC US          606.7        (33.2)      15.5
SONIC CORP         SO4 GR           606.7        (33.2)      15.5
SONIC CORP         SONCEUR EU       606.7        (33.2)      15.5
SPORTSMAN'S WARE   SPWH US          303.0         (2.1)     104.8
SPORTSMAN'S WARE   06S GR           303.0         (2.1)     104.8
SUPERVALU INC      SVU US         4,643.0       (444.0)      81.0
SUPERVALU INC      SJ1 GR         4,643.0       (444.0)      81.0
SUPERVALU INC      SJ1 TH         4,643.0       (444.0)      81.0
SYNDAX PHARMACEU   1T3 GR            12.8         (5.7)       2.1
SYNDAX PHARMACEU   SNDX US           12.8         (5.7)       2.1
SYNERGY PHARMACE   SGYP US          115.9        (55.2)      95.5
TAILORED BRANDS    TLRD US        2,244.3       (100.1)     723.6
TAILORED BRANDS    WRMA GR        2,244.3       (100.1)     723.6
TRANSDIGM GROUP    TDG US         8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP    TDGCHF EU      8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP    TDG SW         8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP    T7D GR         8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP    TDGEUR EU      8,330.0       (964.3)   1,204.3
TRIBUNE PUBLISHI   TPUB US          833.0        (14.4)      (1.3)
TRINITY PLACE HO   TPHS US           56.3         (3.3)       -
UNISYS CORP        UISCHF EU      2,143.2     (1,378.6)     165.2
UNISYS CORP        USY1 GR        2,143.2     (1,378.6)     165.2
UNISYS CORP        UIS1 SW        2,143.2     (1,378.6)     165.2
UNISYS CORP        USY1 TH        2,143.2     (1,378.6)     165.2
UNISYS CORP        UISEUR EU      2,143.2     (1,378.6)     165.2
UNISYS CORP        UIS US         2,143.2     (1,378.6)     165.2
VECTOR GROUP LTD   VGR US         1,310.8       (122.2)     367.4
VECTOR GROUP LTD   VGR GR         1,310.8       (122.2)     367.4
VENOCO INC         VQ US            403.8       (354.3)     195.7
VERISIGN INC       VRS TH         2,357.7     (1,070.4)     464.9
VERISIGN INC       VRS GR         2,357.7     (1,070.4)     464.9
VERISIGN INC       VRSN US        2,357.7     (1,070.4)     464.9
VERIZON TELEMATI   HUTC US          110.2       (101.6)    (113.8)
VIRGIN MOBILE-A    VM US            307.4       (244.2)    (138.3)
WEIGHT WATCHERS    WW6 TH         1,422.1     (1,285.7)    (144.2)
WEIGHT WATCHERS    WW6 GR         1,422.1     (1,285.7)    (144.2)
WEIGHT WATCHERS    WTW US         1,422.1     (1,285.7)    (144.2)
WEIGHT WATCHERS    WTWEUR EU      1,422.1     (1,285.7)    (144.2)
WEST CORP          WT2 GR         3,612.3       (552.1)     243.1
WEST CORP          WSTC US        3,612.3       (552.1)     243.1
WESTERN REFINING   WR2 GR           501.0        (68.4)      36.7
WESTERN REFINING   WNRL US          501.0        (68.4)      36.7
WINGSTOP INC       WING US          121.1         (9.7)       7.1
WINGSTOP INC       EWG GR           121.1         (9.7)       7.1
WINMARK CORP       WINA US           43.8        (27.3)      12.0
WINMARK CORP       GBZ GR            43.8        (27.3)      12.0
WORKHORSE GROUP    WKHS US           14.6         (3.8)      (7.5)
WORKHORSE GROUP    1WO GR            14.6         (3.8)      (7.5)
YRC WORLDWIDE IN   YEL1 TH        1,894.6       (379.4)     160.9
YRC WORLDWIDE IN   YRCW US        1,894.6       (379.4)     160.9
YRC WORLDWIDE IN   YRCWEUR EU     1,894.6       (379.4)     160.9
YRC WORLDWIDE IN   YEL1 GR        1,894.6       (379.4)     160.9


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***