TCR_Public/160503.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, May 3, 2016, Vol. 20, No. 124

                            Headlines

2654 HIGHWAY: Section 341 Meeting of Creditors Set for May 18
29 BROOKLYN: Court OK's Receiver's $240K Fees, Expenses
ADELPHIA COMMUNICATIONS: Extends Exchange Offers Until May 5
ADVANCED MICRO DEVICES: Incurs $109-Mil. Net Loss in 1st Quarter
ADVANCED MICRO: Closes Joint Venture with Nantong Fujitsu

AK STEEL: Egan-Jones Cuts FC Sr. Unsecured Rating to CCC+
ALLISON TRANSMISSION: Egan-Jones Hikes FC Sr. Unsec. Rating to BB-
ALPHA NATURAL: May 16 Auction to Test Rice's $200M Offer for PLR
AMAZING INVESTMENTS: Case Summary & 10 Top Unsecured Creditors
AOG ENTERTAINMENT: Court Approves Joint Administration of Cases

AOG ENTERTAINMENT: Initial Case Management Conference on June 7
APEX ENDODONTICS: U.S. Trustee Unable to Appoint Committee
ARCH COAL: Court Sets May 27 as General Claims Bar Date
ARCH COAL: Lenders Move Plan Filing Deadline to May 5
ASSET PROTECTION: Schedules $1.6M in Assets, $1.4M in Debt

ATLANTIC CITY, NJ: Makes $1.8-Mil. Bond Payment, Averting Default
AXIOS MOBILE: Delays Financial Filings, CEO Director Steps Down
BAYTEX CREDIT: U.S. Trustee Unable to Appoint Committee
BELVEDERE RESOURCES: Delays Filing of Annual Financial Statements
BIND THERAPEUTICS: Case Summary & 26 Largest Unsecured Creditors

BIND THERAPEUTICS: Files Chapter 11 After Lender Declared Default
BIND THERAPEUTICS: Files Voluntary Chapter 11 Bankruptcy Petition
BULOVA TECHNOLOGIES: Typenex, et al., Report 7.1% Stake
CAESARS ENTERTAINMENT: Court Urged to Take Closer Look on Fee Hike
CHAIS ENTERPRISES: U.S. Trustee Unable to Appoint Committee

CHARLOTTE HOUSING: S&P Cuts Rating on 2011 Revenue Bonds to 'CCC+'
CHINA GINSENG: MSPC Replaces Cowan Gunteski as Accountants
CITY SPORTS: Court to Dismiss Case After Distribution to Creditors
CLIFFS NATURAL: May Issue 750,000 Shares Under Plan
CLOUDEEVA INC: Ch. 11 Trustee Asks Court to Convert Ch. 11 Case

COLORADO TIRE: Secured Lender Supports U.S. Trustee's Dismissal Bid
CORE ENTERTAINMENT: S&P Lowers CCR to 'D' Then Withdraws Ratings
CTI BIOPHARMA: Had $72.9M Est. Net Financial Standing at March 31
CYPRESS SEMICONDUCTOR: S&P Revises Outlook & Affirms 'BB-' CCR
DALTON PROPERTIES: Court Dismisses, Closes Ch. 11 Case

DF SERVICING: Files Supplement on Cuprill's Employment as Counsel
DORAL FINANCIAL: Debtor, Committee Co-Propose Exit Plan
DREAMWORKS ANIMATION: Fitch Puts 'B+' IDR on Rating Watch Positive
E Z MAILING: Court Extends Plan Exclusivity to July 31
EAST COAST FOODS: U.S. Trustee Forms 5-Member Committee

ELBIT IMAGING: Announces Notes Buyback
ENCORE PROPERTIES: Sec. 341 Meeting of Creditors Set for May 23
ENERGY FUTURE: Files New Ch.11 Plan; Seeks Aug. 1 Confirmation
ENERGY FUTURE: Hunt-Led Investors Scramble to Save Oncor Buyout
ENRON CORP: Nigeria Challenges $11.2-Mil. Award in Power Dispute

EXAMWORKS GROUP: S&P Puts 'B+' CCR on CreditWatch Negative
FPMC AUSTIN: May 13 Auction on Medical Campus Property
FPMC FORT WORTH: Allowed to Use Cash Collateral Until May 31
GATEWAY ENTERTAINMENT: Case Summary & 12 Unsecured Creditors
GCI INC: Moody's Affirms B2 Corporate Family Rating

GERMAN PELLETS: Case Summary & 20 Largest Unsecured Creditors
GO DADDY: Moody's Affirms Ba3 Corporate Family Rating
GOODRICH PETROLEUM: 341 Meeting of Creditors Set for May 16
GRAFTECH INTERNATIONAL: Reports $36.4 Million Net Loss for Q1
GRIZZLY CATTLE: U.S. Trustee Unable to Appoint Committee

GULFMARK OFFSHORE: Announces First Quarter 2016 Operating Results
GYMBOREE CORP: S&P Lowers CCR to 'CC', on CreditWatch Negative
HECK ENTERPRISES: Case Summary & 2 Unsecured Creditors
HECK INDUSTRIES: Voluntary Chapter 11 Case Summary
HEYL & PATTERSON: Case Summary & 20 Largest Unsecured Creditors

I.K.E. ELECTRIAL: Case Summary & 20 Largest Unsecured Creditors
INDRA HOLDINGS: Moody's Cuts Corporate Family Rating to Caa1
INSTITUTE OF CARDIOVASCULAR: Insists FCA Suit Subject to Stay
JACKSON MASONRY: U.S. Trustee Unable to Appoint Committee
JUMIO INC: Delays Auction Amid Multiple Bidders

KAISER ALUMINUM: S&P Alters Outlook to Positive & Affirms 'BB' CCR
KALOBIOS PHARMA: Court Extends Plan Exclusivity Thru July 26
LEHMAN BROTHERS: Hughes Hubbard Fees Reach $371M
LEHMAN BROTHERS: Trustee Plans 4th Distribution to Creditors
LEHMAN BROTHERS: Trustee Seeks 4th Payout to Unsecured Creditors

LIBERTY ASSET: U.S. Trustee Forms 3-Member Committee
LIVINGSTON INTERNATIONAL: S&P Affirms 'B' CCR; Outlook Negative
MADISON COUNTY, MS: Ordered to Make Bond Payments
MAGNUM HUNTER: Deregisters Securities Offerings
MCDERMOTT INTERNATIONAL: S&P Affirms 'B+' CCR, Outlook Stable

MCGRAW-HILL GLOBAL: S&P Lowers Rating on New Loans to B+
MCGRAW-HILL GLOBAL: Upsized Term Loan No Impact on Moody's Ratings
MIDSTATES PETROLEUM: Case Summary & 50 Largest Unsecured Creditors
MIDSTATES PETROLEUM: Files Chapter 11 to Facilitate Restructuring
MIDSTATES PETROLEUM: Files Pre-Arranged Chapter 11 in Houston

MIRARCHI BROTHERS: Meeting to Form Creditors' Panel Set for May 12
MISSION NEW ENERGY: Ends Q1 with A$1.68 Million in Cash
MURRAY ENERGY: S&P Raises CCR to 'CCC+', Outlook Negative
NATHAN'S FAMOUS: Egan-Jones Cuts FC Commercial Paper Rating to B
NEPHROGENEX INC: Case Summary & 20 Largest Unsecured Creditors

NEPHROGENEX INC: Files Voluntary Chapter 11 Bankruptcy Petition
NEW SEABURY: Members Group Charges Unfair & Deceptive Acts
NEW YORK LIGHT: Asks Court to Extend Exclusivity to May 27
NEWBURY COMMONS: Judge Sets June 20 Auction; Bids Due June 15
NGPL PIPECO: S&P Raises CCR to 'B-', on CreditWatch Positive

NO PLACE LIKE HOME: Court Extends Plan Exclusivity to June 17
NUO THERAPEUTICS: Court Confirms Amended Chapter 11 Plan
NYE FARM TECH: Involuntary Chapter 11 Case Summary
ODYSSEY CONTRACTING: Wants Plan Exclusivity Extended to July 25
OYSTER BAY, NY: S&P Lowers Underlying Rating on GO Bonds to BB+

PACIFIC EXPLORATION: Files Application for Protection Under CCAA
PACIFIC EXPLORATION: Obtains Initial Court Order Under CCAA
PACIFIC EXPLORATION: Provides Update on Restructuring Transaction
PACIFIC SUNWEAR: Ernie Sibal Named VP and CFO
PACIFIC SUNWEAR: Hires RCS as Real Estate Consultant

PARAGON SHIPPING: Provides Update on Debt Agreements
PEABODY ENERGY: U.S. Trustee Forms 7-Member Committee
PHILLIPS INVESTMENT: Seeks Approval of Roof Replacement Contract
PHILLIPS INVESTMENTS: Has Court OK to Use $30K Cash for Roof Repair
PHILLIPS INVESTMENTS: Tenant Wants Court to Appoint Ch. 11 Trustee

PITTSBURGH CORNING: Corning Inc. Equity Contributions Due in June
POTLATCH CORP: Egan-Jones Cuts FC Sr. Unsecured Debt Rating to BB
PRO ENTERPRISES: Case Summary & 7 Unsecured Creditors
PUERTO RICO: COFINA Senior Creditors Comment on Bond Default
PUERTO RICO: Defaults on Principal of $422-Mil. Debt Payment

QUANTUM CORP: VIEX Capital, et al., Want Board Reconstituted
RAILYARD COMPANY: Court Denies Stay of Ch. 11 Trustee Appointment
RCS CAPITAL: Founder Objects to Reorganization Plan
RGW PROPERTIES: U.S. Trustee Unable to Appoint Committee
ROLLING LANDS: Case Summary & 12 Unsecured Creditors

SABINE OIL: Judge Approves Voting on Restructuring Plan
SABINE PASS: Moody's Hikes Senior Secured Debt Rating to Ba2
SEABOARD REALTY: Eight Connecticut Properties Head to Auction Block
SHASTA ENTERPRISES: June 6 Deadline for Filing Admin Claims
SHEEHAN PIPE LINE: 341 Meeting of Creditors Set for May 18

SPORTS CHALET: Retains A&G Realty to Manage Sale of 50 Leases
STOMPY BOT: Delays Financial Filings on Lack of Capital
SUNEDISON INC: Hires Joseph Hage as Special Counsel
SUNEDISON INC: Hires Skadden Arps as Counsel
SUNEDISON INC: John Dubel Named Chief Restructuring Officer

SUNEDISON INC: May 10 Final Hearing on $300-Mil. DIP Financing
SUNEDISON INC: Securities Delisted from NYSE
SUNEDISON INC: U.S. Trustee Forms 7-Member Committee
SUPERVALU INC: Egan-Jones Cuts Commercial Paper Ratings to B
SWIFT ENERGY: Announces Newly Constituted Board of Directors

TATOES LLC: U.S. Trustee Forms 3-Member Committee
TATOES LLC: US Trustee Unable to Form Committee for CMI
TATOES LLC: US Trustee Unable to Form Committee for Wahluke
TEXAS PELLETS: Case Summary & 4 Unsecured Creditors
THERMOCERAMIX CORP: Files Bankruptcy to Facilitate Liquidation

TIAT CORPORATION: Case Summary & 10 Unsecured Creditors
TIERRA DEL RAY: Court Rejects Bid to Extend Exclusivity
TREMONT AREA: S&P Withdraws 'BB-' Rating on GO Debt
TRINITY INDUSTRIES: Fitch Affirms BB+ Rating on Sub. Notes
TRINITY PUMPING: May 3 Hearing on Case Dismissal Bid

TROCOM CONSTRUCTION: Plan Exclusivity Extended to May 31
TROJE'S TRASH: Court Extends Plan Exclusivity to July 5
TRUST COMPANY BANK: Closed; Bank of Fayette Assumes Deposits
TTJ ENTERPRISES: Asks Court to Extend Plan Exclusivity to July 30
U.S. SILICA: Egan-Jones Cuts LC Sr. Unsecured Rating to BB-

ULTRA PETROLEUM: Case Summary & 30 Largest Unsecured Creditors
ULTRA PETROLEUM: Files Chapter 11 in Houston, Cites $3.8-Bil. Debt
ULTRA PETROLEUM: Files Voluntary Chapter 11 Bankruptcy Petition
US STEEL: Canada Court Grants Creditor Protection Until July 28
USA DISCOUNTERS: Plan Exclusivity Extended to June 20

VALEANT PHARMACEUTICALS: Bill Ackman's Hedge Fund Herb Tumbles
VESTIS RETAIL: U.S. Trustee to Hold 341 Meeting on May 26
WHISKEY ONE: Hires Rial as Banking and Interest Rate Experts
WHITING PETROLEUM: Incurs $172 Million Net Loss in 1st Quarter
WINDSOR FINANCIAL: Committee Hires Fox Rothschild as Counsel

WS STORES: Case Summary & 20 Largest Unsecured Creditors
XEROX CORP: Egan-Jones Cuts FC Sr. Unsecured Rating to BB
YRC WORLDWIDE: Reports $14.6 Million Comprehensive Loss for Q1
[*] Bankruptcy Management Solutions Explores Sale of Company
[*] Group Urges NJ Lawmakers to Bail Out Atlantic City Casinos

[*] March 2016 Bankruptcy Filings Down 8.5 Percent
[^] Large Companies with Insolvent Balance Sheet

                            *********

2654 HIGHWAY: Section 341 Meeting of Creditors Set for May 18
-------------------------------------------------------------
A meeting of creditors will be held on May 18, 2016, at 04:00 p.m.,
according to a filing with the Bankruptcy Court for the District of
Kansas (Wichita) in the bankruptcy case of 2654 Highway 169, LLC.
The meeting will be held at Wichita Room B-56.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                     About 2654 Highway 169

2654 Highway 169, LLC, commenced a case (Bankr. D. Kansas Case No.
16-10644) under Chapter 11 of the Bankruptcy Code on April 13,
2016.

The Company disclosed estimated assets of $10 million to $50
million and estimated debts of $10 million to $50 million.  The
petition was signed by Andrew Lewis, managing member.

The case is assigned to Hon. Robert E. Nugent.


29 BROOKLYN: Court OK's Receiver's $240K Fees, Expenses
-------------------------------------------------------
Judge Carla E. Craig of the U.S. Bankruptcy Court for the Eastern
District of New York granted in part and denied in part the motion
of Stephen R. Chesley who operated property located at 29 Brooklyn
Avenue, in Brooklyn, New York, belonging to 29 Brooklyn Avenue,
LLC, prior to the Petition Date, for attorney's fees under Sections
503(b)(3)(E) and 503(b)(4).

The Fee Application requested a total of $355,953.25 in fees for
1,273.77 hours.  The Court, after applying several reductions,
finds that compensation in the amount of $234,206.25 for 1,265.27
hours is reasonable under the circumstances of this case.  The Fee
Application also requests $6,803.77 in expenses.  The receipts,
however, only substantiate $5,533.30 in expenses, the court noted.
Therefore, the Court grants the Fee Application in the amount of
$234,206.25 plus actual and necessary expenses of $5,533.30.

A full-text copy of Judge Craig's Opinion dated April 27, 2016, is
available at http://bankrupt.com/misc/29BROOKLYN2640427.pdf

Counsel for the Debtor:

          David Carlebach, Esq.
          The Carlebach Law Group
          55 Broadway, Suite 1902
          New York, New York 10006

Counsel for Stephen R. Chesley, Receiver:

          Michael Cohen, Esq.
          Tenenbaum Berger & Shivers LLP
          26 Court Street, Penthouse
          Brooklyn, New York 11242

29 Brooklyn Avenue, LLC, sought protection under Chapter 11 of the
Bankruptcy Code on Jan. 18, 2012 (Bankr. E.D.N.Y., Case No.
12-40279).  The case is assigned to Judge Joel B. Rosenthal.  The
Debtor's counsel is David Carlebach, Esq., in New York.


ADELPHIA COMMUNICATIONS: Extends Exchange Offers Until May 5
------------------------------------------------------------
ACC Claims Holdings, LLC on April 29 announced the extension of
offers to Eligible Holders to exchange (i) class A limited
liability company interests of ACC Claims Holdings, LLC for up to
all of the outstanding ACC Senior Notes Claims (Class ACC 3)
allowed under the Plan of Reorganization, including any
post-petition pre-effective date interest and post-effective date
interest to and including the extended expiration date of the
offers (the "Senior Claims"), against Adelphia Communications
Corporation, and (ii) class B limited liability company interests
of ACC Claims Holdings, LLC for up to all of the outstanding ACC
Trade Claims (Class ACC 4) allowed under the Plan of
Reorganization, including any post-petition pre-effective date
interest and post-effective date interest to and including the
extended expiration date of the offers (the "ACC 4 Claims"), and
ACC Other Unsecured Claims (Class ACC 5) allowed under the Plan of
Reorganization, including any post-petition pre-effective date
interest and post-effective date interest to and including the
extended expiration date of the offers (the "ACC 5 Claims" and,
together with the ACC 4 Claims, the "Other Claims"; the Senior
Claims and the Other Claims, together, the "Claims"), against
Adelphia Communications Corporation until 5:00 p.m., New York City
time, on Thursday, May 5, 2016.  The exchange offers were
previously scheduled to expire at 5:00 p.m., New York City time, on
Thursday, April 28, 2016.  As of 5:00 p.m., New York City time, on
Thursday, April 28, 2016, Eligible Holders of $3,513,088,416
original principal amount of ACC Senior Notes (as defined in the
Plan of Reorganization) outstanding, Eligible Holders of
$250,426,319.09 of ACC 4 Claims outstanding and Eligible Holders of
$44,646,944.11 of ACC 5 Claims outstanding had validly tendered
their Claims pursuant to the exchange offers.

ACC Claims Holdings, LLC recognizes that the Claims will continue
to accrue post-effective date interest between the original
expiration date and the extended expiration date.  Therefore, the
consideration offered to Eligible Holders will be increased by a
corresponding amount.

Except as set forth herein, the terms and conditions of the
exchange offers remain unchanged.  ACC Claims Holdings, LLC
reserves the right to further extend the exchange offers prior to
the termination of the extended expiration date.  ACC Claims
Holdings, LLC does not contemplate any such additional extensions
of the exchange offers at this time.

The exchange offers are being made pursuant to (i) the offers to
exchange, dated March 3, 2016, and supplemented and amended on
March 9, 2016, March 21, 2016, April 1, 2016, April 8, 2016,
April 15, 2016, April 21, 2016, and on the date hereof and (ii) the
related letter of transmittal, dated as of March 3, 2016 and
supplemented and amended on March 21, 2016.

The exchange offers will only be made, and the offers to exchange
and the related letter of transmittal will only be distributed to,
holders who complete, execute and return an eligibility form
confirming that they are qualified purchasers ("Qualified
Purchasers") as defined in Section 2(a)(51)(A) of the Investment
Company Act of 1940, as amended (except to the extent waived by the
managing member of ACC Claims Holdings, LLC), excluding Benefit
Plan Investors (except as provided for and subject to the terms of
the exchange offers, as amended), each of which is (x) a qualified
institutional buyer within the meaning of Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), (y) an
institutional investor that qualifies as an "accredited investor"
pursuant to Rule 501(a)(1), (2), (3) or (7) under the Securities
Act or (z) not a U.S. person in an offshore transaction, in each
case as defined in Regulation S under the Securities Act (such
persons, "Eligible Holders"). "Benefit Plan Investor" means a
benefit plan investor, as defined in Section 3(42) of the Employee
Retirement Income Security Act of 1974, as amended ("ERISA"), and
includes (a) an employee benefit plan (as defined in Section 3(3)
of Title I of ERISA) that is subject to the fiduciary
responsibility provisions of Title I of ERISA, (b) a plan that is
subject to Section 4975 of the Internal Revenue Code of 1986, as
amended (the "Code"), or (c) any entity whose underlying assets
include, or are deemed for purposes of ERISA or the Code to
include, "plan assets" by reason of any such employee benefit
plan's or plan's investment in the entity.  Holders who desire to
obtain and complete an eligibility form should either visit the
website for this purpose at www.dfking.com/adelphia or call D.F.
King & Co., Inc., the information agent and exchange agent for the
exchange offers, at (800) 761-6523 (toll-free) or (212) 269-5550
(collect for banks and brokers only).

The managing member of ACC Claims Holdings, LLC may, in its sole
discretion, waive the restriction on tenders by Benefit Plan
Investors.  However, the managing member is not required to accept
a tender in whole or in part from an investor that is a Benefit
Plan Investor, and reserves the right to reject in its complete
discretion any tender by a Benefit Plan Investor.

                 About Adelphia Communications

Based in Coudersport, Pennsylvania, Adelphia Communications
Corporation was once the fifth-biggest cable company.  Adelphia
served customers in 30 states and Puerto Rico, and offered analog
and digital video services, Internet access and other advanced
services over its broadband networks.

Adelphia collapsed in 2002 after disclosing that founder John Rigas
and his family owed $2.3 billion in off-balance-sheet debt on bank
loans taken jointly with the company.  Mr. Rigas was sentenced to
12 years in prison, while son Timothy 15 years.

Adelphia Communications and its more than 200 affiliates filed for
Chapter 11 protection (Bankr. S.D.N.Y. Lead Case No. 02-41729) on
June 25, 2002.  Willkie Farr & Gallagher represented the Debtors in
their restructuring effort.  PricewaterhouseCoopers served as the
Debtors' financial advisor.  Kasowitz, Benson, Torres & Friedman
LLP and Klee, Tuchin, Bogdanoff & Stern LLP represented the
Official Committee of Unsecured Creditors.

Adelphia Cablevision Associates of Radnor, L.P., and 20 of its
affiliates, collectively known as Rigas-Managed Entities, were
entities that were previously held or controlled by members of the
Rigas family.  In March 2006, the rights and titles to these
entities were transferred to certain subsidiaries of Adelphia
Cablevision LLC.  The RME Debtors filed for Chapter 11 protection
(Bankr. S.D.N.Y. Case Nos. 06-10622 through 06-10642) on March 31,
2006.  Their cases were jointly administered under Adelphia
Communications and its debtor-affiliates' Chapter 11 cases.

The Bankruptcy Court confirmed the Debtors' Joint Chapter 11 Plan
of Reorganization on Jan. 5, 2007.  The Plan became effective on
Feb. 13, 2007.

The Adelphia Recovery Trust, a Delaware Statutory Trust, was formed
pursuant to the Plan.  The Trust holds certain litigation claims
transferred pursuant to the Plan against various third parties and
exists to prosecute the causes of action transferred to it for the
benefit of holders of Trust interests.  Lawyers at Kasowitz,
Benson, Torres & Friedman, LLP (NYC), represent the Adelphia
Recovery Trust.


ADVANCED MICRO DEVICES: Incurs $109-Mil. Net Loss in 1st Quarter
----------------------------------------------------------------
Advanced Micro Devices, Inc., filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing
a net loss of $109 million on $832 million of net revenue for the
three months ended March 26, 2016, compared to a net loss of $180
million on $1.03 billion of net revenue for the three months ended
March 28, 2015.

As of March 26, 2016, Advanced Micro had $2.98 billion in total
assets, $3.48 billion in total liabilities and a total
stockholders' deficit of $503 million.

As of March 26, 2016, the Company's cash and cash equivalents of
$716 million were lower compared to $785 million as of Dec. 26,
2015.  The decrease was primarily due to lower sales and the timing
of related collections and the debt interest payments of $69
million in the first quarter of 2016.  During the first quarter of
2016, the Company used $26 million for purchases of property, plant
and equipment and received $52 million associated with the
licensing agreement with the China JVs.  The percentage of cash and
cash equivalents held domestically increased from 88% as of
December 26, 2015 to 92% as of March 26, 2016.

The Company's debt obligations of $2.2 billion as of March 26,
2016, were flat compared to Dec. 26, 2015.

"We believe our cash and cash equivalents balance along with the
savings from our Restructuring Plans and our Secured Revolving Line
of Credit will be sufficient to fund operations, including capital
expenditures, over the next 12 months.  We believe that in the
event we decide to obtain external funding, we may be able to
access the capital markets on terms and in amounts adequate to meet
our objectives," the Company stated in the report.

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

                       http://is.gd/ZjJqM8

                   About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.

Advanced Micro incurred a net loss of $660 million on $3.99 billion
of net revenue for the year ended Dec. 26, 2015, compared to a net
loss of $403 million on $5.50 billion of net revenue for the year
ended Dec. 27, 2014.

                          *     *     *

As reported by the TCR on Oct. 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to 'CCC+' from 'B-'.  
"The downgrade reflects our expectation that AMD will experience a
more gradual return to revenue growth, ongoing competitive
challenges to restore operating profitability, and more severe
operating losses and negative free cash flow through 2016 than we
had previously forecast, despite recent improvements to its
liquidity," said Standard & Poor's credit analyst John Moore.

As reported by the TCR on March 16, 2016, Fitch Ratings has
downgraded and withdrawn the ratings for Advanced Micro Devices,
Inc. (AMD) including the Long-term Issuer Default Rating (IDR) to
'CCC' from 'B-'.  The downgrade reflects prospects for negative
free cash flow (FCF) over the intermediate term and the consequent
liquidity issues and refinancing risk that could develop as the
2019 and 2020 debt maturities approach.

In July 2015, Moody's Investors Service lowered Advanced Micro
Devices, Inc's ("AMD") corporate family rating to Caa1 from B3, and
the ratings on the senior unsecured notes to Caa2 from Caa1.  
The downgrade of the corporate family rating to Caa1 reflects AMD's
prospects for ongoing operating losses over the next year and
negative free cash flow.


ADVANCED MICRO: Closes Joint Venture with Nantong Fujitsu
---------------------------------------------------------
Advanced Micro Devices Inc. and Nantong Fujitsu Microelectronics
Co., Ltd. announced that they have closed the transaction to create
a joint venture offering differentiated assembly, test, mark, and
pack (ATMP) capabilities to both AMD and a broader range of
customers.

"Combining AMD's world-class teams and facilities in Penang and
Suzhou with NFME's expertise in the growing assembly and test
market will create a new outsource assembly and test leader with
the scale and capabilities to help us deliver our upcoming
high-performance technologies and products that can re-shape the
industry," said AMD President and CEO Dr. Lisa Su.  "The creation
of this joint venture marks another step in building a more focused
AMD as we complete our transition to a fabless business model,
enhance our supply chain operations, and further strengthen our
financial position."

"AMD is a world class semiconductor provider with advanced flip
chip packaging and test technologies.  These capabilities are
complementary with NFME's advanced packaging and test technologies,
such as its flip chip and bump technology for the computing,
communication and consumer market.  The establishment of this joint
venture will elevate the competitiveness of NFME's flip chip
packaging and test technologies to a world-class level. With this
joint venture, NFME's advanced packaging and test capabilities will
account for 70 percent of its total revenue, leading the entire
industry and ranking among the top packaging and test companies in
the world," said Chairman of Nantong Fujitsu Mr. Shi Mingda.  

Key highlights of the deal include:

  * NFME's affiliates have purchased an 85 percent share of AMD's
    Penang, Malaysia and Suzhou, China ATMP operations and act as
    controlling partner for the new joint venture business.

  * AMD received from NFME approximately $371 million, excluding
    purchase price adjustments, with net cash proceeds of
    approximately $320 million after payment of taxes and other
    customary expenses.  AMD retains a 15 percent ownership of the

    Penang and Suzhou operations.

  * The transaction is expected to be cost neutral to AMD's P&L
    while significantly reducing AMD's capital expenditures.  AMD
    will account for its 15 percent ownership stake in the joint
    venture and its results of operations under the equity method
    of accounting.

  * Approximately 1,700 AMD employees transitioned to the joint
    venture.

J.P. Morgan Securities LLC served as exclusive financial advisor to
AMD, and provided a fairness opinion to the board of directors of
AMD.  

                 About Advanced Micro Devices

Sunnyvale, California-based Advanced Micro Devices, Inc., is a
global semiconductor company.  The Company's products include x86
microprocessors and graphics.


Advanced Micro incurred a net loss of $660 million on $3.99 billion
of net revenue for the year ended Dec. 26, 2015, compared to a net
loss of $403 million on $5.50 billion of net revenue for the year
ended Dec. 27, 2014.

                          *     *     *

As reported by the TCR on Oct. 22, 2015, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on Sunnyvale,
Calif.-based Advanced Micro Devices Inc. to 'CCC+' from 'B-'.  
"The downgrade reflects our expectation that AMD will experience a
more gradual return to revenue growth, ongoing competitive
challenges to restore operating profitability, and more severe
operating losses and negative free cash flow through 2016 than we
had previously forecast, despite recent improvements to its
liquidity," said Standard & Poor's credit analyst John Moore.

As reported by the TCR on March 16, 2016, Fitch Ratings has
downgraded and withdrawn the ratings for Advanced Micro Devices,
Inc. (AMD) including the Long-term Issuer Default Rating (IDR) to
'CCC' from 'B-'.  The downgrade reflects prospects for negative
free cash flow (FCF) over the intermediate term and the consequent
liquidity issues and refinancing risk that could develop as the
2019 and 2020 debt maturities approach.

In July 2015, Moody's Investors Service lowered Advanced Micro
Devices, Inc's ("AMD") corporate family rating to Caa1 from B3, and
the ratings on the senior unsecured notes to Caa2 from Caa1.  
The downgrade of the corporate family rating to Caa1 reflects AMD's
prospects for ongoing operating losses over the next year and
negative free cash flow.


AK STEEL: Egan-Jones Cuts FC Sr. Unsecured Rating to CCC+
---------------------------------------------------------
Egan-Jones Ratings Company lowered the foreign currency senior
unsecured rating on debt issued by AK Steel Holding Corp. to CCC+
from B- on April 29, 2016.  EJR also lowered the foreign currency
commercial paper rating on the Company to C from B.

AK Steel Holding Corporation, through subsidiaries, produces
carbon, stainless and electrical flat-rolled steel for automotive,
infrastructure, manufacturing and other markets; as well as carbon
and stainless tubing for truck, automotive, and other markets.
Facilities include blast furnace, electric furnace and tubing
operations in Ohio, Kentucky, Pennsylvania and Indiana.



ALLISON TRANSMISSION: Egan-Jones Hikes FC Sr. Unsec. Rating to BB-
------------------------------------------------------------------
Egan-Jones Ratings Company raised the foreign currency senior
unsecured rating on debt issued by Allison Transmission to BB- from
B+ on April 28, 2016.

Allison Transmission Holdings, Inc. manufactures fully-automatic
transmissions for medium and heavy-duty commercial vehicles, medium
and heavy-tactical U.S. military vehicles, and hybrid-propulsion
systems for transit buses.  The Company's products are used in a
variety of applications.



ALPHA NATURAL: May 16 Auction to Test Rice's $200M Offer for PLR
----------------------------------------------------------------
Pennsylvania Land Resources, LLC, a wholly-owned subsidiary of
Alpha Natural Resources, Inc. and one of the Debtors, has entered
into an amended and restated asset purchase agreement with Rice
Drilling B LLC, an affiliate of Rice Energy, Inc., whereby Rice
would purchase substantially all of the assets of PLR for $200
million in cash, subject to limited purchase price adjustments, and
the assumption of certain liabilities.

Pursuant to the terms of the Purchase Agreement, PLR and certain
affiliated entities will sell leasehold interests in approximately
27,400 net undeveloped Marcellus acres, as well as fee interests in
the oil and gas underlying an additional 3,200 gross acres.
Included within the acreage to be acquired by Rice are the rights
to the Utica on approximately 23,500 net acres. The Purchase
Agreement provides that at closing, Rice and certain Alpha
affiliates will enter into agreements providing for the rights of
the parties with respect to the development of (a) the coal, by the
Alpha affiliates or their successors in interest, and (b) the oil
and gas, by Rice.

In addition to providing for customary representations, warranties,
covenants and other agreements, the Purchase Agreement requires a
$20 million escrow deposit from Rice, to be released to PLR at
closing. The Purchase Agreement is intended to constitute a
"stalking horse bid" for the PLR assets in accordance with bidding
procedures previously approved by the Bankruptcy Court, and
includes certain bid protections for Rice, including a maximum
expense reimbursement of $1.5 million and a break-up fee of $2
million.  Subject to Bankruptcy Court approval, the Bid Protections
are payable upon certain termination events, including consummation
of a competing transaction.

The Debtors' first lien lenders agreed to a stalking horse credit
bid in the amount of $500 million for certain of the Debtors'
assets, including the assets of PLR, as set forth in an Asset
Purchase Agreement filed with the Bankruptcy Court on March 8,
2016.  In a filing with the Bankruptcy Court on March 18, 2016, the
First Lien Lenders allocated $175 million of their credit bid to
the PLR assets. To accommodate the Purchase Agreement with Rice,
the First Lien Lenders have agreed to modify the Lender APA to
remove the PLR assets and reduce the credit bid purchase price to
$325 million.

On April 26, 2016, after a hearing, the Bankruptcy Court entered an
order (a) designating Rice as the stalking horse bidder for the PLR
assets on terms of the Purchase Agreement, subject to higher or
better bids, (b) approving the Bid Protections and (c) granting
certain related relief. The Purchase Agreement with Rice will
remain subject to competing bids, and a potential auction currently
scheduled for May 16, 2016. Consummation of the transaction with
Rice or another successful bidder after any auction remains subject
to approval by the Bankruptcy Court at a hearing currently
scheduled for May 26, 2016.

A copy of the Asset Purchase Agreement, between Pennsylvania Land
Resources, LLC and Rice Drilling B LLC, dated as of April 12, 2016,
is available at http://goo.gl/nNOzzh

Rice is represented by:

     Vinson & Elkins LLP
     1001 Fannin Street
     Suite 2500
     Attention: David Meyer and Bryan Loocke
     Facsimile: 713-615-5031

                About Alpha Natural Resources

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

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

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

Judge Kevin R. Huennekens presides over the cases.

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

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

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

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

                            *     *     *

Alpha Natural Resources, Inc. on March 8 disclosed that it has
filed a proposed Chapter 11 Plan of Reorganization and a related
Disclosure Statement with the United States Bankruptcy Court for
the Eastern District of Virginia.  Together with the motion
seeking approval of a marketing process for Alpha's core operating
assets,
these filings provide for the sale of Alpha's assets, detail a
path toward the resolution of all creditor claims, and anticipate
the
emergence of a streamlined and sustainable reorganized company
able to satisfy its environmental obligations on an ongoing basis.
By
selling certain assets as a going concern and restructuring the
company's remaining assets into a reorganized Alpha, the company
is able to provide maximum recovery to its creditors, while
preserving jobs and putting itself in the best position to meet
its
reclamation obligations.  This path will allow for a conclusion of
Alpha's bankruptcy proceedings by June 30, 2016.


AMAZING INVESTMENTS: Case Summary & 10 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Amazing Investments, LLC
        7300 Ambassador Row
        Dallas, TX 75247

Case No.: 16-31657

Chapter 11 Petition Date: April 29, 2016

Court: United States Bankruptcy Court
       Northern District of Texas (Dallas)

Judge: Hon. Stacey G. Jernigan

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 Mahmoud Shahsiah, managing member.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txnb16-31657.pdf


AOG ENTERTAINMENT: Court Approves Joint Administration of Cases
---------------------------------------------------------------
Judge Stuart M. Bernstein, in an April 28 order, granted the
request of AOG Entertainment, Inc., et al., for an order directing
the consolidation of their Chapter 11 cases for procedural
purposes.  The cases are consolidated for procedural purposes only
and shall be administered jointly under Case No. 16-11090 (SMB) in
accordance with Bankruptcy Rule 1015(b).

Meanwhile, Jonathan Randles, writing for Bankruptcy Law360,
reported that Judge Bernstein on April 29 cleared the way for the
company that produces "American Idol" to keep the business afloat
as it begins a Chapter 11 restructuring, which was set off by a
contract dispute with the show's creator Simon Fuller.  U.S.
Bankruptcy Judge Stuart Bernstein said he would approve several
first-day motions filed by CORE Entertainment and subsidiaries to
keep the lights on and pay employees as the case gets underway.
CORE filed for bankruptcy Thursday listing $398 million in secured
debt.

At the so-called "First Day" hearing on Friday, the Debtors were
slated to present these requests to the Court for approval:

     -- Debtors' Motion for Interim and Final Orders Authorizing:
(A) Continued Use of the Debtors' Cash Management System and
Procedures; (B) Maintenance and Continued Use of Existing Bank
Accounts; (C) Waiver of Certain U.S. Trustee Operating Guidelines
Relating to Bank Accounts; and (D) Continuation of Intercompany
Transactions and Accordance of Administrative Expense Status to
Intercompany Claims;

     -- Motion for Approval of Stipulation and Order (A)
Authorizing Debtors to Utilize Cash Collateral Pursuant to 11
U.S.C. Sec. 363; and (B) Granting Adequate Protection to
Prepetition Secured Parties Pursuant to 11 U.S.C. Sections 105(A),
361, 362 and 363;

     -- Debtors' Motion for Interim and Final Orders Pursuant to
Sections 105(a) and 363(b) of the Bankruptcy Code Authorizing
Debtors to Pay Prepetition Claims of Critical Vendors;

     -- Debtors' Motion for Order Extending Deadline for Debtors to
File Their Schedules of Assets and Liabilities and Statements of
Financial Affairs;

     -- Application for Order Appointing Kurtzman Carson
Consultants LLC as Claims and Noticing Agent for the Debtors
Pursuant to 28 U.S.C. Sec. 156(c);

     -- Debtors' Motion for Order: (A) Establishing Certain Notice,
Case Management, and Administrative Procedures and Omnibus Hearing
Dates; (B) Authorizing the Debtors to Prepare a Consolidated List
of Creditors in Lieu of Mailing Matrix; and (C) Authorizing Debtors
to Establish Procedures for Notifying Creditors of Commencement of
Cases;

     -- Debtors' Motion for Order Pursuant to Section 105(a) of the
Bankruptcy Code Enforcing Protections of Sections 362, 365 and 525
of the Bankruptcy Code;

     -- Debtors' Motion Pursuant to Sections 105(a), 363(b),
507(a)(8) and 541 of the Bankruptcy Code and Bankruptcy Rules 6003
and 6004 for Interim and Final Orders Authorizing Payment of Sales,
Use and Other Taxes and Regulatory Fees; and

     -- Debtors' Motion for Interim and Final Orders: (A)
Authorizing Debtors to Pay (I) Prepetition Employee Wages, Salaries
and Other Compensation, (II) Prepetition Employee Business Expenses
and (III) Other Miscellaneous Employee Expenses and Employee
Benefits; and (B) Granting Related Relief.

The Debtors are seeking interim approval of these requests:

     -- Debtors' Motion for Interim and Final Orders Authorizing:
(A) Continued Use of the Debtors' Cash Management System and
Procedures; (B) Maintenance and Continued Use of Existing Bank
Accounts; (C) Waiver of Certain U.S. Trustee Operating Guidelines
Relating to Bank Accounts; and (D) Continuation of Intercompany
Transactions and Accordance of Administrative Expense Status to
Intercompany Claims;

     -- Debtors' Motion for Interim and Final Orders Pursuant to
Sections 105(a) and 363(b) of the Bankruptcy Code Authorizing
Debtors to Pay Prepetition Claims of Critical Vendors;

     -- Debtors' Motion Pursuant to Sections 105(a), 363(b),
507(a)(8) and 541 of the Bankruptcy Code and Bankruptcy Rules 6003
and 6004 for Interim and Final Orders Authorizing Payment of Sales,
Use and Other Taxes and Regulatory Fees; and

     -- Debtors' Motion for Interim and Final Orders: (A)
Authorizing Debtors to Pay (I) Prepetition Employee Wages, Salaries
and Other Compensation, (II) Prepetition Employee Business Expenses
and (III) Other Miscellaneous Employee Expenses and Employee
Benefits; and (B) Granting Related Relief.

                     About AOG Entertainment

CORE Entertainment Inc. and its subsidiaries own, produce, develop
and commercially exploit entertainment content.  The Company's
portfolio of world-class brands and
entertainment properties includes participation in the
"IDOL"-branded shows, including American Idol, Deutschland sucht
den Superstar, Nouvelle Star and more than fifty other franchises
shown around the world, and the popular television series "So You
Think You Can Dance".  The Company conducts its primary business
activities through its subsidiary groups, including 19
Entertainment.

CORE Entertainment Inc. and 47 other affiliates each filed a
Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos. 16-11087
to 16-11134, respectively) on April 28, 2016, two days prior to
the
expiration of their forbearance agreement with (a) certain lenders
holding the requisite amount of loans under a first lien term loan
facility; and (b) Crestview Media Investors, L.P., as lender under
the first lien term loan facility and a second lien term loan
facility.  Pursuant to the Forbearance Agreements, the lenders
agreed to forbear from exercising their remedies on account of any
missed payments or certain alleged defaults under the Term Loan
Agreements.

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

The Debtors have hired Willkie Farr & Gallagher LLP as counsel,
Moelis & Company, LLC as financial advisor, PricewaterhouseCoopers
LLP as auditors and tax consultants and Kurtzman Carson
Consultants
LLC as claims, noticing and administrative agent.

The cases are pending joint administration under AOG
Entertainment,
Inc., Case No. 16-11090 before the Honorable Stuart M. Bernstein.

Counsel to Ad Hoc Group of First Lien Lenders:

     Lee R. Bogdanoff, Esq.
     David A. Fidler, Esq.
     Whitman L. Holt, Esq.
     KLEE, TUCHIN, BOGDANOFF & STERN LLP
     1999 Avenue of the Stars, 39th Floor
     Los Angeles, CA 90067
     Telephone: (310) 407-4000
     Facsimile: (310) 407-9090
     E-mail: lbogdanoff@ktbslaw.com
             dfidler@ktbslaw.com
             wholt@ktbslaw.com

Attorneys for U.S. Bank, NA, in its capacity as Administrative
Agent Under First Lien Term Loan Agreement and Second Lien Term
Loan Agreement:

     John W. Weiss, Esq.
     Alston & Bird LLP
     90 Park Avenue
     New York, NY 10016
     Phone: (212) 210-9400
     Fax: (212) 210-9444
     Email: john.weiss@alston.com

          - and -

     David A. Wender, Esq.
     Jonathan Edwards, Esq.
     1201 West Peachtree Street
     Atlanta, Georgia 30309
     Phone: (404) 881-7000
     Fax: (404) 881-7777
     Email: David.Wender@alston.com
            Jonathan.edwards@alston.com


AOG ENTERTAINMENT: Initial Case Management Conference on June 7
---------------------------------------------------------------
Judge Stuart M. Bernstein ruled that pursuant to 11 U.S.C. Sec.
105(d), an Initial Case Management Conference will be conducted in
Room 723, United States Bankruptcy Court, One Bowling Green, New
York, New York 10004 on Tuesday, June 7, 2016 at 10:00 a.m., or as
soon thereafter as counsel may be heard, to consider the efficient
administration of the case, which may include, inter alia, such
topics as retention of professionals, creation of a committee to
review budget and fee requests, use of alternative dispute
resolution, timetables, and scheduling of additional Case
Management Conferences.

                     About AOG Entertainment

CORE Entertainment Inc. and its subsidiaries own, produce, develop
and commercially exploit entertainment content.  The Company's
portfolio of world-class brands and entertainment properties
includes participation in the "IDOL"-branded shows, including
American Idol, Deutschland sucht den Superstar, Nouvelle Star and
more than fifty other franchises shown around the world, and the
popular television series "So You Think You Can Dance".  The
Company conducts its primary business activities through its
subsidiary groups, including 19 Entertainment.

CORE Entertainment Inc. and 47 other affiliates each filed a
Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos. 16-11087
to 16-11134, respectively) on April 28, 2016, two days prior to
the
expiration of their forbearance agreement with (a) certain lenders
holding the requisite amount of loans under a first lien term loan
facility; and (b) Crestview Media Investors, L.P., as lender under
the first lien term loan facility and a second lien term loan
facility.  Pursuant to the Forbearance Agreements, the lenders
agreed to forbear from exercising their remedies on account of any
missed payments or certain alleged defaults under the Term Loan
Agreements.

The cases are jointly administered under AOG Entertainment, Inc.,
Case No. 16-11090 before the Honorable Stuart M. Bernstein.

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

The Debtors have hired Willkie Farr & Gallagher LLP as counsel,
Moelis & Company, LLC as financial advisor, PricewaterhouseCoopers
LLP as auditors and tax consultants and Kurtzman Carson
Consultants
LLC as claims, noticing and administrative agent.

Counsel to Ad Hoc Group of First Lien Lenders:

     Lee R. Bogdanoff, Esq.
     David A. Fidler, Esq.
     Whitman L. Holt, Esq.
     KLEE, TUCHIN, BOGDANOFF & STERN LLP
     1999 Avenue of the Stars, 39th Floor
     Los Angeles, CA 90067
     Telephone: (310) 407-4000
     Facsimile: (310) 407-9090
     E-mail: lbogdanoff@ktbslaw.com
             dfidler@ktbslaw.com
             wholt@ktbslaw.com

Attorneys for U.S. Bank, NA, in its capacity as Administrative
Agent Under First Lien Term Loan Agreement and Second Lien Term
Loan Agreement:

     John W. Weiss, Esq.
     Alston & Bird LLP
     90 Park Avenue
     New York, NY 10016
     Phone: (212) 210-9400
     Fax: (212) 210-9444
     Email: john.weiss@alston.com

          - and -

     David A. Wender, Esq.
     Jonathan Edwards, Esq.
     1201 West Peachtree Street
     Atlanta, Georgia 30309
     Phone: (404) 881-7000
     Fax: (404) 881-7777
     Email: David.Wender@alston.com
            Jonathan.edwards@alston.com


APEX ENDODONTICS: U.S. Trustee Unable to Appoint Committee
----------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Apex Endodontics of TN, PLLC.

Apex Endodontics of TN, PLLC, sought protection under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the Middle
District of Tennessee (Nashville) (Case No. 16-01708) on March 10,
2016. The petition was signed by Graham Locke, DDS, member.

The Debtor is represented by Griffin S. Dunham, Esq., at Dunham
Hildebrand, PLLC. The case is assigned to Judge Marian F.
Harrison.

The Debtor estimated assets of $500,000 to $1 million and debts of
$1 million to $10 million.


ARCH COAL: Court Sets May 27 as General Claims Bar Date
-------------------------------------------------------
Judge Charles E. Rendlen, III, of the U.S. Bankruptcy Court for the
Eastern District of Missouri granted the request of Arch Coal, Inc.
and its debtor subsidiaries to establish deadlines by which proofs
of claim based on prepetition debts or liabilities against any of
the Debtors must be filed.

The Court set:

   (a) May 27, 2016, at 11:59 p.m. (prevailing Central Time) as
       the General Bar Date; and

   (b) July 11, 2016, at 11:59 p.m. (prevailing Central Time) as
        the Governmental Bar Date.

Judge Rendlen also approved the Debtors' proposed Proof of Claim
Form, Bar Date Notice and Publication Notice, and notice and
publication procedures.

                         About Arch Coal

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

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

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

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

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee has retained Kramer Levin Naftalis &
Frankel LLP as counsel; Spencer Fane LLP as local counsel; Berkeley
Research Group, LLC as financial advisor; Jefferies LLC as
investment banker; and Blackacre LLC as coal consultant.


ARCH COAL: Lenders Move Plan Filing Deadline to May 5
-----------------------------------------------------
Prior to the Petition Date, Arch Coal Inc and certain of its
subsidiaries entered into a Restructuring Support Agreement, dated
as of January 10, 2016 (as amended on February 25, 2016 and March
28, 2016).  On April 26, 2016, Arch entered into an amendment,
which provides for the waiver of the termination event that would
have occurred on April 10, 2016 as a result of the Debtors not
having obtained Court approval of the assumption of the
Restructuring Support Agreement within 90 days of the Petition
Date. Following entry into the RSA Amendment, the Debtors are
required to obtain Court approval of the assumption of the
Restructuring Support Agreement prior to June 10, 2016 or such
later date as may be agreed to by the Majority Consenting Lenders
under the Restructuring Support Agreement.

The RSA Amendment further waives any termination event arising out
of the Debtors' failure to file the Plan and Disclosure Statement
no later than 90 days after the Petition Date, so long as the
Debtors: (i) file the Plan and Disclosure Statement no later than
May 5, 2016 or such later date as may be agreed to by the Majority
Consenting Lenders, and (ii) obtain Court approval of the
Disclosure Statement no later than June 10, 2016.

The RSA Amendment also provides for an extension of the date after
which the Debtors and the Majority Consenting Lenders may modify
the proposed distributions to holders of unsecured claims if
holders of more than $1.6125 billion of unsecured claims against
the Debtors have not executed a restructuring support agreement
substantially in the form of the Restructuring Support Agreement
from April 22, 2016 to June 10, 2016.

On January 21, 2016, the Superpriority Secured Debtor-in-Possession
Credit Agreement (as amended on March 4, 2016 and March 28, 2016)
was entered into by and among the Company, as borrower, certain of
the Debtors, as guarantors, the lenders from time to time party
thereto, and Wilmington Trust, National Association, as
administrative agent and collateral agent for the DIP Lenders.
Arch entered into an amendment to the DIP Credit Agreement, dated
as of April 26, 2016, which extends the deadline for the filing of
a plan of reorganization and accompanying disclosure statement from
April 26, 2016 to May 5, 2016.


ASSET PROTECTION: Schedules $1.6M in Assets, $1.4M in Debt
----------------------------------------------------------
Asset Protection, LLC disclosed $1,615,000 in assets and $1,365,050
in liabilities in its schedules of assets and liabilities:

   Name of Schedule                   Assets       Liabilities
   ----------------                   ------       -----------
A. Real Property                  $1,615,000
B. Personal Property                      $0           
C. Property Claimed as Exempt
D. Creditors Holding
   Secured Claims                                   $1,337,050
E. Creditors Holding Unsecured
   Priority Claims                                          $0
F. Creditors Holding Unsecured
   Non-priority Claims                                 $28,000
                               --------------   --------------
TOTAL                              $1,615,000       $1,365,050

A copy of the company's schedules is available without charge at
http://is.gd/ooHZ2K

                      About Asset Protection

Asset Protection, LLC sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the District of
Utah (Salt Lake City) (Case No. 16-22732) on April 4, 2016. The
petition was signed by Milton Christensen, managing member.

The Debtor is represented by Franklin L. Slaugh, Esq., at The Law
Office of Franklin L. Slaugh.


ATLANTIC CITY, NJ: Makes $1.8-Mil. Bond Payment, Averting Default
-----------------------------------------------------------------
Timothy W. Martin, writing for Dow Jones' Daily Bankruptcy Review,
reported that Atlantic City, N.J., averted default by making a $1.8
million debt payment Monday, but its mayor warned the Jersey Shore
resort town still faces serious trouble.

"Financially we're running on fumes," mayor Don Guardian said at a
news conference, told DBR.  "We really are teetering on the edge."

According to the report, the payment averted what would have been
the first default for a New Jersey municipality in more than 75
years.  Mr. Guardian said he decided to go forward after reviewing
how a skipped payment would affect the city's finances and drag
down the credit ratings of surrounding towns, the report related.

The city known for its mega casinos and boardwalk faces an
uncertain road ahead following May 2 payment, the report further
related.  Two competing rescue packages for Atlantic City are
currently stalled with the state legislature, and the town
currently only has enough cash available to cover payroll and other
expenses through June, Mr. Guardian said, the report related.  For
now, the city has halted new purchases and hiring additional staff,
the report said.

The mayor couldn't promise there would be enough money left to make
the next bond payment of around $1.5 million on June 1, the report
added.

                   *     *     *

The Troubled Company Reporter, on April 6, 2016, reported that
Moody's Investors Service has downgraded the City of Atlantic City,
NJ's General Obligation rating to Caa3 from Caa1 and removes the
rating from review for possible downgrade started on Jan. 29, 2016,
affecting $16 million of $345 million in general obligation bonds
outstanding.  The outlook is negative.

The downgrade to Caa3 reflects the greater likelihood of default
within the next year and higher probability of significant
bondholder impairment given an ongoing political stalemate over an
Atlantic City fiscal rescue package.  The downgrade also
incorporates renewed signals from the state that bondholders will
face losses as part of a possible debt restructuring.  The Caa3
rating indicates an expected loss to bondholders of up to 35% of
principal, in light of the city's very large structural deficit
with limited sources of relief without state assistance.

The TCR on March 11, 2016, reported that Moody's Investors Service
has released a scenario analysis of possible outcomes for Atlantic
City, NJ (Caa1 review for downgrade) as the New Jersey (A2
negative) legislature considers rescue legislation and greater
influence in placing it on the path to
fiscal recovery.

"Without drastic action, Atlantic City could face a default as
early as April or May. The city also owes $190 million to casinos
that successfully appealed their property taxes. Factoring in these
liabilities, we project a budget deficit of $102 million in fiscal
2016, ending December 31," Josellyn Yousef, a Moody's VP -- Senior
Analyst says in "Atlantic City, NJ: Rescue Legislation Key to
Fiscal Recovery."

The TCR, on Feb. 3, 2016, reported that Moody's Investors Service
has placed the City of Atlantic City, NJ Caa1 GO rating under
review for possible downgrade.  The review for downgrade will
consider the adequacy of proposed legislative budget solutions and
the likelihood of municipal debt restructuring with bondholder
impairment.  Within the next two months, Moody's expects the state
legislature to develop a plan that will specify the powers to be
granted to the New Jersey Local Finance Board to implement budget
improvements and restructure municipal debt.  The probability of
bondholder impairment is likely low if budget solutions are
adequate and/or state financial support is high, but could rise if
they are not, which would lead to a revision of the rating
downward.  A specific indication that bondholders would be
included
in adverse debt restructuring could also lead to a rating
downgrade.  Beyond the rating review time horizon, outstanding tax
appeal refunds could pose a risk to bondholder security even if
adequate budget measures are achieved.

The TCR, on Feb. 1, 2016, reported that Standard & Poor's Ratings
Services has lowered its underlying rating on Atlantic City Board
of Education, N.J.'s existing general obligation (GO) bonds to
'BB-' from 'BBB-'.  At the same time, S&P removed the rating from
CreditWatch negative.  The outlook is negative.

At the same time, S&P affirmed its 'A' school program rating.  The
outlook on the program rating is stable.


AXIOS MOBILE: Delays Financial Filings, CEO Director Steps Down
---------------------------------------------------------------
Axios Mobile Assets Corp. is providing this bi-weekly default
status report in accordance with National Policy 12-203 respecting
Cease Trade Orders for Continuous Disclosure Defaults ("NP
12-203").  On April 5, 2016, the Company announced (the "Default
Announcement") that it has identified certain errors in the
financial statements previously filed for the periods ended March
31, 2015, June 30, 2015 and September 30, 2015 as well as the
disclosure contained in its associated management's discussion and
analysis for such periods and that, as a result, it would be
restating such filings together with the accompanying CEO and CFO
certifications (collectively, the "Required Filings").

As a result of this delay in the filing of the Required Filings,
the Ontario Securities Commission (the "OSC") granted a management
cease trade order (the "MCTO") on April 27, 2016 against the
Company's Chief Executive Officer, Chief Financial Officer and
former Chief Financial Officer, as opposed to a general cease trade
order against the Company.  The MCTO prohibits all trading in
securities of the Company, whether directly or indirectly, by the
Company's Chief Executive Officer, Chief Financial Officer and
former Chief Financial Officer.  The MCTO does not affect the
ability of other shareholders to trade their securities.  However,
the applicable Canadian securities regulatory authorities could
determine, in their discretion, that it would be appropriate to
issue a general cease trade order against the Company affecting all
of the securities of the Company.

The Company's Board of Directors and management confirm that they
are working expeditiously to file the Required Filings and that
they anticipate that these will be filed on or about May 3, 2016.

Pursuant to the provisions of the alternative information
guidelines specified in Section 4.4 of NP 12-203, the Company
reports that since the Company's press release dated April 18,
2016:

   -- The Company is continuing to work expeditiously in order to
complete the restatement of the financial statements and
management's discussion and analysis for the applicable periods.
This work involves correcting the errors identified in the
Company's press releases dated April 5, 2016 and April 18, 2016 as
well as assessing the potential impact of year-end audit
adjustments on the periods ended March 31, 2015, June 30, 2015 and
September 30, 2015;

   -- The Company's audited financial statements and related
management's discussion and analysis for the year ended December
31, 2015 are near completion but for confirmation of certain
information from the Required Filings.  It is anticipated that the
audited financial statements and related management's discussion
and analysis for the year ended December 31, 2015 will be filed
concurrently with the Required Filings;

   -- There have been no failures by the Company to fulfill its
stated intentions with respect to satisfying the provisions of the
alternative reporting guidelines;

   -- There has not been, nor is there anticipated to be, any
specified default subsequent to the default which is the subject of
the Default Announcement other than the associated delay in filing
the audited financial statements and related management's
discussion and analysis for the year ended December 31, 2015; and

   -- There is no other material information respecting the
Company's affairs that has not been generally disclosed.

Until the Required Filings have been filed, the Company intends to
continue to satisfy the provisions of the alternative information
guidelines specified in Section 4.4 of NP 12-203 by issuing
bi-weekly default status reports in the form of further press
releases, which will also be filed on SEDAR.  The Company will
file, to the extent applicable, its next default status report on
or about May 13, 2016.

Should the Company fail to file the Required Filings by June 6,
2016, fail to provide bi-weekly status reports in accordance with
NP 12-203 or have a further default, the OSC can impose a cease
trade order on Axios, such that all trading in securities of the
Company cease for such period as the OSC may deem appropriate.

Resignation of Osama Arafat

The Company also disclosed that Osama Arafat has resigned as a
director of the Company effective on April 29.  John Albright, a
current director of the Company, will take over as Chairman of the
Board.

"On behalf of the Company and the Board, we wish to thank Mr.
Arafat for his contributions to the Company and wish him well in
his future endeavors," said Richard MacDonald, President & CEO.

The Company will take steps to fill Mr. Arafat's board seat as soon
as practicable.

                    About Axios Mobile Assets

Axios Mobile Assets Corp. -- http://www.axiosma.com-- is a supply
chain logistics company.  Axios is becoming a key supplier of
pooled pallets primarily in the perishable food category.  The
Axios Solution includes proprietary tracking and information
systems that deliver actionable data that helps improve supply
chain visibility and food safety.  


BAYTEX CREDIT: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Baytex Credit Corp.

Baytex Credit Corp. sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Southern
District of Texas (Houston) (Case No. 16-31578) on April 1, 2016.
The petition was signed by William Walker, chairman and director.

The Debtor is represented by Jarrod B. Martin, Esq., at Nathan
Sommers Jacobs, PC. The case is assigned to Judge Marvin Isgur.

The Debtor disclosed total assets of $250,100 and total debts of
$1.25 million.


BELVEDERE RESOURCES: Delays Filing of Annual Financial Statements
-----------------------------------------------------------------
Belvedere Resources Ltd. on April 29 disclosed that it does not
anticipate being in a position to file its audited annual financial
statements (the "Statements"), management's discussion and analysis
and related certifications for the fiscal year ended December 31,
2015 (the "Required Records") on or before April 30, 2016, as
required, due to difficulties under recent prevailing market
conditions to procure financing for working capital to meet the
Company's operational needs.  However, the Company is currently in
discussions with its lenders and other parties regarding financing
to meet its needs on a go-forward basis.  The Company intends to
have the auditors complete the audit of the Statements as soon as
possible and expects to be able to file the Statements no later
than May 31, 2016.

Accordingly, the Company has requested and received the issuance of
a management cease trade order under the provisions of National
Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults
("NP 12-203") so as to permit the continued trading in the
Corporation's common shares by persons other than insiders and
employees of the Company.

The Company confirms that it intends to satisfy the provisions of
section 4.4 of NP 12-203 and issue bi-weekly default status reports
for so long as the Company remains in default of the financial
statement filing requirement, containing any material changes to
the information in this release, all actions taken by the Company
to remedy the default; particulars of any failure by the Company to
fulfill these provisions, any subsequent defaults of the Company
requiring a default announcement and any other material information
concerning the affairs of the Company not previously disclosed.
The Company is not subject to any insolvency proceedings nor is
there in other material information concerning the affairs of the
Issuer that has not been generally disclosed.

Belvedere Resources Limited is a Canadian incorporated mining
company with a primary focus on gold, copper, nickel and cobalt in
Finland.


BIND THERAPEUTICS: Case Summary & 26 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                     Case No:
       -------                                     --------
       BIND Therapeutics, Inc.                     16-11084
          aka BIND Biosciences, Inc.
       325 Vassar Street
       Cambridge, MA 02139

       BIND Biosciences Security Corporation       16-11085
       64 Sidney Street, #400
       Cambridge, MA 02139

Type of Business: BIND is a biotechnology company developing novel
                  targeted therapeutics, primarily for the
                  treatment of cancer.

Chapter 11 Petition Date: May 1, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtors' Counsel: John Henry Knight, Esq.
                  Amanda R. Steele, Esq.
                  RICHARDS, LAYTON & FINGER, P.A.
                  One Rodney Square
                  P.O. Box 551
                  Wilmington, DE 19899
                  Tel: (302) 651-7700
                  Fax: (302) 651-7701
                  Email: knight@rlf.com
                         steele@rlf.com

                     - and -

                  Peter M. Gilhuly
, Esq.
                  Kimberly A. Posin, Esq.

                  Adam E. Malatesta, Esq.
                  LATHAM & WATKINS LLP
                  355 South Grand Avenue
                  Los Angeles, CA 90071-1560
                  Tel: (213) 485-1234
                  Fax: (213) 891-8763
                  Email: peter.gilhuly@lw.com
                         kim.posin@lw.com
                         adam.malatesta@lw.com

Debtors'          COWEN AND COMPANY, LLC
Financial
Advisor:

Debtors'          PRIME CLERK LLC
Claims and
Noticing
Agent:

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Andrew Hircsh, president and chief
executive officer.

List of Debtors' 26 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
BMR-325 Vassar Street LLC               Rent             $346,384
Attn: Entity 735
17190 Bernardo Center Drive
San Diego, CA 92128
Attn: Entity 735
Tel: (858) 485-9840
Fax: (858) 485-9843
EMAIL: info@biomedrealty.com

Baxter Oncology GmbH                 Manufacturing       $307,608
Attn: Kay Vogel
Kantstrasse2
33790 Halle/Westfalen, Germany
Attn: Kay Vogel
Tel: (+49) 520-1711 Ext. 1514
Fax: (+49) 5201-711-1209;
(+49) 5201-711-4711
EMAIL: info@baxter-oncology.com

Evonik Corporation                   Manufacturing       $222,582
Birmingham Laboratories              Raw Materials
Dallas, TX 75397-8749
Tel: (+49) 201-177-01
Fax: (+49) 201-177-3475
EMAIL: info@evonik.com

TangenX Technology Corp.             Manufacturing        $55,584
910 Boston Turnpike                  Consummables
Shrewsbury, MA 01545
Email: ar@tangenx.com

Novella Clinical Inc.                Clinical Trial       $49,936
Email: news@novellaclinical.com         Expenses

WuXi AppTec Limited                    Contract           $28,000
EMAIL: declan.ryan@wuxiapptec.com      Research
                                     Organization

Rapp Polymere                        Manufacturing        $13,500
EMAIL: rapp-polymere@t-online.de     Raw Materials

Innovive                              Lab Supplies          $6,647

EMAIL: info@innoviveinc.com

Johns Hopkins University              Legal-Patent          $6,150

EMAIL: JHTV-Communications@jhu.edu

Imanis Life Sciences                  Lab Supplies          $3,525
EMAIL: info@imanislife.com

Halcyon Labs Pvt Ltd                  Manufacturing         $3,000
EMAIL: rmerchant@encoregroup.net      Raw Materials

TEK                                   Fixed Assets          $2,649
EMAIL:info@tekspf.com

NOF America Corporation               Lab Supplies          $2,400
EMAIL: info@nofamerica.com

Blue Cross Blue Shield of MA         Health Insurance       $1,669

Goodwin Procter LLP                    Legal-Patent         $1,622
EMAIL:#KShishkin@goodwinprocter.com

Commonwealth Sciences                  Contractors          $1,462
EMAIL: info@cwsciences.com

Beacon Hill Staffing Group, LLC        Contractors          $1,136
EMAIL: boston@beaconhillsg.com

Chargepoint Technology, Inc.          Manufacturing           $868
                                        Supplies

Elsevier BV                           Publications            $546

Spectral Data Services, Inc.           Analytical             $500
EMAIL: sdsnmr@sdsnmr.com                Activity

VWR                                   Lab Supplies            $427

EMD Millipore Corporation             Lab Supplies            $341


Grainger                              Lab Supplies            $236

Boston Bean Coffee Company          Kitchen Supplies          $167


AAA Service Laboratory Inc           Lab Maintenance          $115
EMAIL: aaaservicelab@comcast.net

McMaster-Carr                         Lab Supplies             $20
EMAIL: nj.sales@mcmaster.com


BIND THERAPEUTICS: Files Chapter 11 After Lender Declared Default
-----------------------------------------------------------------
BIND Therapeutics, Inc. and its direct subsidiary, BIND Biosciences
Security Corporation, filed separate Chapter 11 bankruptcy
petitions with the U.S. Bankruptcy Court for the District of
Delaware on May 1, 2016.

The Debtors seek joint administration of their chapter 11 cases for
procedural purposes only, under Case No. 16-11084.

BIND is a biotechnology company developing novel targeted
therapeutics, primarily for the treatment of cancer.

Andrew Hirsch, President and Chief Executive Officer of BIND
Therapeutics, said the bankruptcy proceeding was commenced, in
large part, because, on April 26, 2016, Hercules Technology III,
L.P., BIND's prepetition lender, sent a Notice of Default to the
Debtors notifying them of certain purported Events of Default under
the Prepetition Credit Agreement and demanding immediate payment in
full of all amounts due under the Prepetition Facility in the
amount of $14,523,318.24.  This action forced the rapid filing of
these Chapter 11 Cases, which the Debtors' boards of directors
concluded was in the best interest of the Debtors, their creditors,
and other parties in interest.

As of the Petition Date, the principal amount outstanding under the
Prepetition Documents was not less than $13.2 million.  BIND has
granted to the Prepetition Lender security interests in and liens
on certain assets of BIND including, without limitation, (a)
Receivables; (b) Equipment; (c) Fixtures; (d) General Intangibles;
(e) Inventory; (f) Investment Property; (g) Deposit Accounts; (h)
Cash; (i) Goods; and (j) other tangible and intangible personal
property of BIND owned, leased, consigned by or to, or acquired by
BIND wherever located; and, to the extent not otherwise included,
all related Proceeds.

BIND (RUS), LLC, a Russian limited liability company, is a wholly
owned subsidiary of BIND.  BIND and BIND Russia are parties to a
Services Agreement, dated as of January 1, 2015, pursuant to which
BIND engaged BIND Russia to provide certain research and
development services.  

On April 20, 2016, BIND Russia began to wind down its operations.
While BIND Russia currently has 11 employees, on April 20, 2016, in
connection with the wind down process, eight of the 11 employees
were given two months' notice of their termination.  However, BIND
Russia is not a chapter 11 debtor and will not be
subject to the requirements of the U.S. Bankruptcy Code.


BIND THERAPEUTICS: Files Voluntary Chapter 11 Bankruptcy Petition
-----------------------------------------------------------------
BIND Therapeutics, Inc., a biotechnology company developing
targeted and programmable therapeutics called ACCURINS(R), on May 2
disclosed that it has elected to file a voluntary petition under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Delaware.

"We believe this decision is in the best interests of the company
and its stockholders," said Andrew Hirsch, president and chief
executive officer, BIND Therapeutics.  "The protections afforded by
Chapter 11 provide for an orderly process and additional time that
enables us to pursue the strategic and financial alternatives that
are in process.  The filing minimizes the impact from the recent
demand by our lender, Hercules Technology III, L.P, for accelerated
repayment of our outstanding loan.  Our current cash and assets
exceed the loan amount, and we are current on our regularly
scheduled repayment obligations.  Through this process, we expect
to be able to maintain ongoing financing activities and
collaborator obligations while moving our R&D initiatives and
pipeline forward."

BIND intends to continue to manage and operate its business under
the jurisdiction of the Bankruptcy Court and in accordance with the
applicable provisions of the Bankruptcy Code and the orders of the
Bankruptcy Court.  The Company is working with an investment bank
to review financial and strategic alternatives with the goal of
maximizing stockholder value.  Potential alternatives to be
explored further and evaluated during the review process may
include raising additional capital, a strategic collaboration with
one or more parties, or the licensing, sale or divestiture of some,
or all, of the Company's proprietary technologies.

BIND plans to continue its development and collaboration activities
in accordance with its current innovative medicines strategy
throughout this process.

                     About BIND Therapeutics

BIND Therapeutics is a biotechnology company developing novel
targeted therapeutics, primarily for the treatment of cancer.
BIND'S product candidates are based on proprietary polymeric
nanoparticles called ACCURINS(R), which are engineered to target
specific cells and tissues in the body at sites of disease.  BIND
is developing ACCURINS(R) with three different therapeutic
objectives, both through internal research programs and with
collaborators: Innovative medicines; enabling potent pathway
inhibitors; and differentiated efficacy with approved drugs. BIND's
internal discovery efforts are focused on designing oligonucleotide
and immune-oncology-based ACCURINS(R).


BULOVA TECHNOLOGIES: Typenex, et al., Report 7.1% Stake
-------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Typenex Co-Investment, LLC, Red Cliffs Investments,
Inc., JVF Holdings, Inc., and John M. Fife disclosed that as of
April 27, 2016, they beneficially own 5,596,357 shares of common
stock of Bulova Technologies Group, Inc., representing 7.06 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/vlawMI

                            About Bulova

Bulova Technologies Group, Inc. was originally incorporated in
Wyoming in 1979 as "Tyrex Oil Company".  During 2007, the Company
divested itself of all assets and previous operations.  During
2008, the Company filed for domestication to the State of Florida,
and changed its name to Bulova Technologies Group, Inc. and changed
its fiscal year from June 30 to September 30.

Bulova reported a net loss of $5.26 million for the year ended
Sept. 30, 2015, compared to a net loss of $3.76 million for the
year ended Sept. 30, 2014.  As of Sept. 30, 2015, Bulova had $1.64
million in total assets, $17.46 million in total liabilities and a
$15.81 million shareholders' deficit.


CAESARS ENTERTAINMENT: Court Urged to Take Closer Look on Fee Hike
------------------------------------------------------------------
Jonathan Randles, writing for Bankruptcy Law360, reported that the
fee committee reviewing the professional fees being charged in the
Caesars Entertainment Operating Co. bankruptcy has urged an
Illinois judge to take a closer look at rate hikes at Kirkland &
Ellis LLP,  Proskauer Rose LLP and other firms involved in the
Chapter 11 case.  

The fee committee reviewed the Third Interim Fee Applications filed
by Richard J. Davis; G .C. Andersen; FTI Consulting, Inc.; Alvarez
& Marsal; Proskauer Rose LLP; Jefferies LLC; Luskin, Stern & Eisler
LLP; Millstein & Co., LP; KPMG LLP; Winston & Strawn LLP; Houlihan
Lokey Capital, Inc.; Jones Day; Kirkland & Ellis LLP; Paul
Hastings; and Zolfo Cooper LLC.

The fee committee says: "The third round of fee applications
triggered fewer areas of concern than the first two rounds,
although there were still some examples of block-billing;
top-heaviness (in other words, whether the professional used the
lowest efficient billers for specific tasks); vague entries (such
as a failure to list with whom a professional was meeting, calling,
or emailing); numerous people attending meetings or hearings
without an explanation for each professional's contribution
thereto; and questions about expenses relating to travel, lodging,
and meals. The Fee Committee is continuing to track these issues
and will bring to the Court's attention any instances of repeated
problems in these areas."

"One issue that remains unresolved involves hourly rate increases.
In the Second Report, the Fee Committee set forth its presumption
regarding billing rate increases: that increases in the 3-4% range
would be presumed reasonable, but that increases above that range
would require some additional explanation.  It chose that range
based on research of increases in compensation for lawyers outside
bankruptcy, including the Altman Weil study cited in the Second
Report.  The Fee Committee
acknowledges this point, but underscores that applicants seeking
approval of fees bear the burden of proof with respect to the
reasonableness thereof.|

University of Nevada, Las Vegas law professor Nancy Rapoport is a
court-appointed member of the committee.

                    About Caesars Entertainment

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

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

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

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

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

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

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

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


CHAIS ENTERPRISES: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Chais Enterprises, LLC.

Chais Enterprises, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Tenn. Case No. 16-01741) on March 11,
2016.  The Debtor is represented by David Foster Cannon, Esq., at
the Law Office of David F. Cannon.


CHARLOTTE HOUSING: S&P Cuts Rating on 2011 Revenue Bonds to 'CCC+'
------------------------------------------------------------------
Standard & Poor's Ratings Services lowered its rating on Charlotte
Housing Authority, N.C.'s series 2011A and 2011A-T revenue bonds,
issued for Sandlewood Affordable Housing LLC's Sandlewood
Apartments, to 'CCC+' from 'B+'.  The outlook is negative.

"The 'CCC+' rating reflects our opinion that the bonds are
vulnerable to nonpayment," said Standard & Poor's credit analyst
Alexander North.  The project is unable to generate sufficient
income for debt service, which has caused the project owner to
subsidize debt service payments.

In addition, the rating reflects S&P's opinion of the project's:

   -- Debt service coverage (DSC) ratio of 0.29x maximum annual
      debt service (MADS) on the bonds based on a three-year
      average of audited financials as of fiscal year-end December

      2014;

   -- High loan-to-value ratio, which indicates that current
      reserves are insufficient to maintain the original rating;
      and

   -- Consistently high vacancy rates at the project.

These weaknesses are partially offset by S&P's view of these
factors:

   -- Strong economic fundamentals and market dependencies based
      on projected local population growth and low rents at the
      property relative to the local market; and

   -- Strong market position based on the experience and strategic

      oversight by management and the local rental market.

The negative outlook reflects S&P's view of the uncertainty of the
project owner continuing to subsidize the project's operating
expenses.  If the owner was to stop contributing funds to the
project and the trustee was to draw on the debt service reserve
fund (DSRF), S&P would lower the rating.  Should the project's
overall financial performance improve, a positive rating action is
possible.



CHINA GINSENG: MSPC Replaces Cowan Gunteski as Accountants
----------------------------------------------------------
China Ginseng Holdings, Inc. was informed by its independent
registered public accounting firm, Cowan, Gunteski & Co., P.A.,
that it has transferred its SEC practice to MSPC.  As a result of
the transfer and upon notice by Cowan to the Company on April 26,
2016, Cowan in effect has resigned as the Company's independent
registered public accounting firm and MSPC became the Company's
independent registered public accounting firm.  The engagement of
MSPC as the Company's independent registered public accounting firm
was ratified and approved by the Board of Directors of the Company
on April 27, 2016.

From Feb. 28, 2013, when Cowan was engaged, and subsequently
through April 26, 2016, there were no disagreements between the
Company and Cowan on any matter of accounting principals or
practices, financial statement disclosure, or auditing scope or
procedures, which disagreements, if not resolved to the
satisfaction of Cowan would have caused Cowan to make reference to
the subject matter of the disagreements in connection with its
reports.

During the Company's two most recent fiscal years ended June 30,
2016 and 2015 and through April 26, 2016, the Company did not
consult with MSPC.


                       About China Ginseng

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

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

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

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


CITY SPORTS: Court to Dismiss Case After Distribution to Creditors
------------------------------------------------------------------
Judge Kevin Gross of the U.S. Bankruptcy Court for the District of
Delaware issued an order directing that as soon as reasonably
practicable following the completion of distribution to holders of
503(b)(9) Claims and Priority Claims and payment of professional
and U.S. Trustee fees, City Sports, Inc., and City Sports-DC, LLC,
may file a certification of counsel requesting entry the Dismissal
Order.

Among other things, the Certification should verify that (i) all
quarterly fees of the U.S. Trustee have been paid in full; (ii) the
503(b)(9) Claims, Administrative Expenses, and Priority Claims have
been paid; and (iii) the fees and expenses of professionals in the
Chapter 11 cases have been approved on final basis and paid.

                    About City Sports

City Sports, Inc., and City Sports-DC, LLC, filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12054 and
15-12056, respectively) on Oct. 5, 2015.  Andrew W. Almquist
signed
the petition as senior vice president and chief financial officer.

The Debtors estimated both assets and liabilities of $10 million
to
$50 million.  The Debtors have engaged DLA Piper LLP (US) as
counsel and FTI Consulting, Inc., as financial and restructuring
advisor.



The Company is a Boston-based specialty sports retailer that
offers
performance footwear, athletic apparel, and equipment from leading
brands as well as the Company's own "CS by City Sports" line for
running, fitness, swimming, cycling, tennis, yoga and team sports.


CLIFFS NATURAL: May Issue 750,000 Shares Under Plan
---------------------------------------------------
Cliffs Natural Resources Inc. filed with the Securities and
Exchange Commission a Form S-8 registration statement to register
an additional 750,000 Common Shares issuable under the Company's
Amended and Restated 2014 Nonemployee Directors' Compensation Plan
for which a previously filed registration statement on Form S-8
relating to the Plan is effective.

                About Cliffs Natural Resources

Cliffs Natural Resources Inc. --
http://www.cliffsnaturalresources.com/-- is a mining and natural
resources company.  The Company is a major supplier of iron ore
pellets to the U.S. steel industry from its mines and pellet plants
located in Michigan and Minnesota.  Cliffs also produces
low-volatile metallurgical coal in the U.S. from its mines located
in West Virginia and Alabama.  Additionally, Cliffs operates an
iron ore mining complex in Western Australia and owns two
non-operating iron ore mines in Eastern Canada.  Driven by the core
values of social, environmental and capital stewardship, Cliffs'
employees endeavor to provide all stakeholders operating and
financial transparency.

On Jan. 27, 2015, Bloom Lake General Partner Limited and certain of
its affiliates, including Cliffs Quebec Iron Mining ULC commenced
restructuring proceedings in Montreal, Quebec, under the Companies'
Creditors Arrangement Act (Canada).  The initial CCAA order will
address the Bloom Lake Group's immediate liquidity issues and
permit the Bloom Lake Group to preserve and protect its assets for
the benefit of all stakeholders while restructuring and sale
options are explored.

Cliffs Natural reported a net loss attributable to Cliffs common
shareholders of $788 million on $2.01 billion of revenues for the
year ended Dec. 31, 2015, compared to a net loss attributable to
Cliffs common shareholders of $7.27 billion on $3.37 billion of
revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Cliffs had $2.13 billion in total assets,
$3.94 billion in total liabilities and a total deficit of $1.81
billion.

                          *    *     *

As reported by the TCR on April 19, 2016, Standard & Poor's Ratings
Services said it raised its corporate credit rating on
Cleveland-based Cliffs Natural Resources Inc. to 'CCC+' from 'SD'.

Cliffs Natural carries a 'Ca' corporate family rating from Moody's
Investors Service.


CLOUDEEVA INC: Ch. 11 Trustee Asks Court to Convert Ch. 11 Case
---------------------------------------------------------------
Richard B. Honig, the Successor Chapter 11 Trustee for Cloudeeva,
Inc., on May 24, 2016, will apply before the Bankruptcy Court for
entry of an order converting the Chapter 11 case to a case under
Chapter 7 of the Bankruptcy Code for there are no remaining assets
to liquidate and no lawsuits are pending currently.

The Trustee explains that there is no valid reason to continue the
cases in Chapter 11 since there exists no prospect for
reorganization for the Debtors have ceased operations and the
Debtors’ businesses have been liquidated. The Trustee further
explains that it would be costly to propose and confirm a plan of
orderly liquidation that would have an adverse effect to the
interest of the Debtors' estate, as such, no further purpose will
be served by continuing the cases in Chapter 11 rather than
converting them to Chapter 7.

Furthermore, the Trustee avers that although the he continues to
review potential causes of action and claims against third parties,
any remaining claims or causes of action may be prosecuted in
Chapter 7.

Richard B. Honig, Successor Chapter 11 Trustee is represented by:

       Bruce S. Etterman, Esq.
       HELLRING LINDEMAN GOLDSTEIN & SIEGAL LLP
       One Gateway Center
       Newark, New Jesrsey 07102-5323
       Telephone: 973.621.9020
       Email: bsetterman@hlgslaw.com

          About Cloudeeva, Inc.

Cloudeeva, Inc., a public company previously known as Systems
America, Inc., is a global cloud services and technology solutions
company specializing in cloud, big data and mobility solutions and
services.  The company provides information technology staffing
services to major clients and third party vendors in the United
States and India.  The company headquarters are in East Windsor,
New Jersey, with regional offices in California, Illinois and
international offices in India.

Cloudeeva, Inc., and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 14-24874) in Trenton, New
Jersey, on July 21, 2014.  The cases are assigned to Judge Kathryn
C. Ferguson.

Cloudeeva disclosed $4,989,375 in assets and $6,528,910 in
liabilities as of the Chapter 11 filing.  The company said only
$209,000 is owing to its lender Prestige Capital Corp. and more
than $5.2 million is owed for trade vendor payables.

The Debtors originally tapped Lowenstein Sandler LLP as counsel.
However, they later sought approval of Trenk, DiPasquale, Della
Fera & Sodono, P.C., to replace Lowenstein Sandler, who retention
was not formally approved by order of the Court.  The Debtors also
tapped Cole, Schotz, Meisel, Forman & Leonard, P.A. as appellate
counsel.  Kurtzman Carson Consultants LLC serves as claims and
noticing agent.

                                       *     *     *

On Aug. 22, 2014, Judge Ferguson entered an order dismissing the
Debtors’ Chapter 11 cases at the behest of Bartronics Asia PTE
Ltd. BAPL asserted that the cases were not filed in good faith. The
Debtors subsequently filed an appeal challenging the dismissal of
their cases.

Since then, District Judge Joel A. Pisano for the District of New
Jersey entered an order staying the Case Dismissal Order pending
further proceedings. Simultaneously, Judge Pisano reinstated the
Debtors' bankruptcy cases and authorized the Debtors to be in
possession of their assets and the management of their business as
debtors-in-possession, subject to the continuing jurisdiction of
the Bankruptcy Court and any further orders of the Bankruptcy Court
or the District Court.

The Debtor filed a Plan of Reorganization and Disclosure Statement
on Oct. 7, 2014.  The Plan will be funded by cash on-hand on the
Effective Date, cash revenues derived from the Debtors' continued
operations, and investment of $1.15 million from Cloudeeva India
Private Limited or their designee, along with their guarantee of
all payments to be made under Plan, in exchange for the equity of
the Reorganized Debtors, as agreed in the parties' Plan Support
Agreement.

That Plan was withdrawn in February 2015.

The Court approved the appointment of Stephen Gray as Chapter 11
trustee for the Debtors' estate.  The trustee was represented by
Saul Ewing LLP.  Richard B. Honig was later appointed as the
Chapter 11 successor trustee for Cloudeeva Inc.


COLORADO TIRE: Secured Lender Supports U.S. Trustee's Dismissal Bid
-------------------------------------------------------------------
BCH Investments LLC supports the U.S. Trustee's move for dismissal
or conversion of Colorado Tire Corporation's case, saying there is
sufficient cause under Section 1112(b) of the Bankruptcy Code.
According to BCH, a secured creditor holding a lien on the Debtor's
principal asset, it has incurred, and will continue to incur,
significant cost and expense if the case is not dismissed.

The Debtor tells the U.S. Bankruptcy Court for the Western District
of Washington, at Seattle, it has been seeking and continues to
seek property insurance to secure its property located at 316 North
26th Street, in Billings, Montana, along with other insurance to
protect its assets but has been unable to get coverage on all the
assets at this time but expects to have coverage prior to the
hearing on the Dismissal Motion.  For these reasons, the Debtor
asks the Court to deny the U.S. Trustee's motion.

The U.S. Trustee, in response to the Debtor, told the Court that at
the time its reply was filed it has still not received proof of
adequate insurance on the tire inventory, furniture and computer
managing system, historic artwork, forklifts, and real estate.  The
Debtor has schedule unsecured claims of $462,885, and according to
the Debtor's schedules of assets and liabilities there does not
appear to be any creditor with a lien against the non-real estate
assets. Unless the Debtor obtains binding insurance on all of the
properties to cover the scheduled value of the assets by the time
of the hearing on the Motion, the case should be converted to allow
a Chapter 7 trustee to expeditiously administer the unencumbered
assets for the benefit of unsecured creditors.

The Debtor is represented by Darrel Carter, Esq., at CBG Law Group,
PLLC, in Bellevue, Washington.

BCH is represented by Jeffrey C. Wishko, Esq., at Anderson Hunter
Law Firm, P.S., in Everett, Washington.

The U.S. Trustee is represented by Martin L. Smith, Esq., Office of
the U.S. Trustee, in Seattle, Washington.

         About Colorado Tire

Colorado Tire Corporation ("CTC") is one of three companies in the
world that successfully designed, developed and delivered the 63"
and 57" super-giant OTR tires to mining companies before 2007.
Since then, Colorado Tire has been a global leader in
performance-guaranteed OTR tires and is committed to great service
in addition to high-quality OTR tires of all sizes.

Colorado Tire offers full range OTR tires from 16" up to 63", in
addition to other types of rubber tires, and is dedicated to
continuously improving Colorado OTR tire's onsite performance
worldwide.

Colorado Tire filed Chapter 11 bankruptcy petition (Bankr. W.D.
Wash. Lead Case No. 16-11345) on March 15, 2016. The petition was
signed by Joan Lee, president of Debtor.

The Debtor has estimated assets of $50 million to $100 million and
estimated debts of $1 million to $10 million. The case has been
assigned to Judge Christopher M Alston.


CORE ENTERTAINMENT: S&P Lowers CCR to 'D' Then Withdraws Ratings
----------------------------------------------------------------
Standard & Poor's Ratings Services said it has lowered its
corporate credit rating on Beverly Hills, Calif.-based TV
production studio CORE Entertainment Inc. to 'D' (default) from
'SD' (selective default).

At the same time, S&P lowered its issue-level rating on the
company's $200 million senior secured first-lien term debt due 2017
to 'D' from 'CCC-'.  The recovery rating on the term loan remains
unchanged at '4', indicating S&P's expectation of average (30% to
50%, lower half of the range) recovery in the event of a default.
S&P's 'D' issue-level rating on the company's second-lien term loan
and '6' recovery rating indicating negligible (0% to 10%) recovery
remain unchanged.

Subsequently, S&P also withdrew all its ratings on CORE
Entertainment Inc. at the company's request.



CTI BIOPHARMA: Had $72.9M Est. Net Financial Standing at March 31
-----------------------------------------------------------------
CTI BioPharma Corp. or CTI Parent Company reported total estimated
and unaudited net financial standing as of March 31, 2016, of $72.9
million.  The total estimated and unaudited net financial standing
of CTI Consolidated Group as of March 31, 2016, was $74.2 million.

CTI Parent Company trade payables outstanding for greater than 30
days were approximately $13.2 million as of March 31, 2016.

CTI Consolidated Group trade payables outstanding for greater than
30 days were approximately $15.2 million as of March 31, 2016.

During March 2016, there were solicitations for payment only within
the ordinary course of business and there were no injunctions or
suspensions of supply relationships that affected the course of
normal business.

During the month of March 2016, the Company's common stock, no par
value, outstanding decreased by 196,715 shares.  As a result, the
number of issued and outstanding shares of Common Stock as of March
31, 2016 was 280,346,792.

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

                      http://is.gd/pQoa16

                      About CTI BioPharma

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

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

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

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


CYPRESS SEMICONDUCTOR: S&P Revises Outlook & Affirms 'BB-' CCR
--------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
San Jose, Calif.-based Cypress Semiconductor Corp. to negative from
stable and affirmed the 'BB-' corporate credit rating on the
company.

At the same time, S&P assigned its 'BB-' issue-level rating to the
company's proposed $700 million senior secured term loan B and
lowered the issue-level rating on the existing senior secured term
loan A and senior secured revolver to 'BB-' from 'BB+'.  The '3'
recovery rating on the entire senior secured debt indicates S&P's
expectation of meaningful (50%-70%; in the lower half of the range)
recovery in the event of a payment default.

S&P also affirmed the 'B' issue-level rating on the company's
$150 million convertible notes due 2020.  The '6' recovery rating
on the notes indicates S&P's expectation for negligible (0% to 10%)
recovery of principal in the event of payment default.

"The negative outlook reflects our updated view of Cypress's
financial risk profile, with pro forma adjusted leverage of around
high-4x after the close of the IoT acquisition, which is higher
than our previous downgrade threshold of 4x," said Standard &
Poor's credit analyst Minesh Shilotri.

S&P expects, however, that Cypress is fully committed to
deleveraging rapidly and will apply most of its discretionary cash
flow (DCF) (FOCF less dividends) toward debt repayments over the
coming years such that S&P currently projects adjusted leverage to
be in the high-3x area over the next 12 months.  S&P's base case
also assumes improving EBITDA through ongoing synergies from the
Spansion acquisition and around $25 million of Standard &
Poor's-adjusted EBITDA contribution from the IoT business in the
first year after the acquisition.  S&P also projects that Cypress
will generate DCF of around $60 million over that same period.

The rating on Cypress also reflects the inconsistent operating
history of the original Cypress and Spansion businesses, the
company's limited track record operating as a single entity since
the Spansion acquisition in early 2015, flat top-line growth in the
existing business as a result of industry competition and pricing
pressures, and below-average profitability for the semiconductor
industry.  Good product and customer diversification and potential
for margin expansion through cost cuts partly offset these
factors.

The negative outlook reflects S&P's view that there are execution
risks with the integration of the IoT business and that Cypress may
not be able to generate sufficient FOCF to materially reduce
leverage over the next 12 months.



DALTON PROPERTIES: Court Dismisses, Closes Ch. 11 Case
------------------------------------------------------
Judge Patrick M. Flatley of the U.S. Bankruptcy Court for the
Northern District of West Virginia on April 19, 2016, signed an
order closing the bankruptcy case of Dalton Properties LLC.

On March 30, 2016, the Court issued an order dismissing the
Debtor's Chapter 11 case with prejudice.

United Bank, Inc., moved for the Debtor's case to be converted from
a case under Chapter 11 to a case under Chapter 7, or,
alternatively, dismissed for cause under Section 1112(b) of the
Bankruptcy Code.  The bank said there appears to be a substantial
or continuing loss to or diminution of the estate and an absence of
a reasonable likehood of rehabilitation as the Debtor is currently
not making full monthly payments to the bank, paying ongoing real
estate tax obligations, and due to its failure to timely file
monthly operating reports, it is unclear it is currently paying
other monthly debt service and operating expenses, or properly
maintaining the property.  Additionally, the bank pointed out, the
Debtor's rental income appears to have diminished significantly.

Judy A. Robbins, U.S. Trustee, also asked the Court to dismiss the
Debtor's Chapter 11 case for failure to file a statement of
financial affairs.  The U.S. Trustee told the Court that despite
several requests, the Debtor has failed to file a Statement of
Financial Affairs and has not provided a justifiable reason for the
failure to file the Statement other than counsel is busy.

United Bank is represented by:

          David B. Salzman, Esq.
          Paul J. Cordaro, Esq.
          Kathryn L. Harrison, Esq.
          CAMPBELL & LEVINE, LLC
          310 Grant Street, Suite 1700
          Pittsburgh, PA 15219
          Tel: 412-261-0310
          Fax: 412-261-5066
          Email: dbs@camley.com
                 pjc@camley.com
                 klh@camley.com

The U.S. Trustee is represented by Debra A. Wertman, Esq.,
Assistant U.S. Trustee, in Charleston, West Virginia.

Dalton Properties LLC Mobile Home Park, fka Tea Properties LLC, fka
Dalton Properties LLC, fka ETD Properties L.L.C., fka Walton
L.L.C., fka AAL Properties LLC, fka Brook Creek Apartments, sought
protection under Chapter 11 of the Bankruptcy Code on November 3,
2015 (Bankr. N.D.W. Va., Case No. 15-01071).

The Debtor's counsel is Martin P. Sheehan, Esq., at Sheehan &
Nugent, PLLC, in Wheeling, West Virginia.  The petition was signed
by Eric T. Dalton, member-manager.

The Debtor listed $13,680,306 in assets and $8,574,600 in
liabilities.

The Debtor's largest unsecured creditors include the Monongalia
County Tax Office, United Bankard Center, Heritage Fire Protection,
Ford Credit, Department of Environmental Protection, and Credit
Risk Management.


DF SERVICING: Files Supplement on Cuprill's Employment as Counsel
-----------------------------------------------------------------
DF Servicing, LLC et al. filed with the U.S. Bankruptcy Court for
the District of Puerto Rico a supplement regarding the Debtors'
application to employ Charles A. Cuprill, P.S.C., Law Offices as
their counsel.

The Debtors previously sought and obtained Court approval to employ
the firm as their counsel.

In 1996, in accordance with Congress' mandate in 28 U.S.C. Sec. 586
(a)(3)(A), the United States Trustee Program established Guidelines
for Reviewing Applications for Compensation and Reimbursement of
Expenses filed under 11 U.S.C. Sec. 330.  The USTP has drafted
additional guidelines for reviewing applications for compensation
and reimbursement of expenses filed by attorneys in larger Chapter
11 cases with $50 million or more in assets and $50 million or more
in liabilities, aggregated for jointly administered cases.

The Additional Guidelines include certain requirements for
applications for the employment of counsel for Debtors.
Consequently, Debtor supplements the Applications as indicated in
the following paragraphs.

Cuprill did not represent the Debtors during the 12 months pre
petitions other than in preparation for the Chapter 11 filings for
which no pre-petition compensation was received, except the
retainer in the captioned cases,  which services will be billed in
the applications for compensation to be filed by Cuprill as part of
its regular billing rates.

The Debtors have approved Cuprill's prospective budget and staffing
plan for a 6 month period as of the filing of their Chapter 11
petitions.

Mark Mashburn, the Debtors' president, under penalty of perjury as
provided in 28 U.S.C. section 1746, states as follows:

   (a) In engaging Cuprill and in conversations with its
       principal, Charles A. Cuprill, myself as Debtors'
       president, and Saul Scherl as Debtors' vice-president,
       discussed Cuprill's billing rates with Mr. Cuprill and
       ascertained that they would be the same regularly billed by

       the firm in its bankruptcy practice, as well as those
       billed by Cuprill for non-bankruptcy engagements. We also
       ascertained that those rates are the rates regularly
       approved by the Court in Cuprill's bankruptcy practice and
       below those of stateside firms utilized by Debtors pre-
       petition. We selected Cuprill based on our knowledge of the

       firm's work in other bankruptcy cases and its effectiveness

       in processing difficult Chapter 11 cases to expeditious
       conclusions.

   (b) Cuprill's familiarity with the local bankruptcy forum, and
       its geographic location we didn't see the need to interview

       anyone else.

   (c) The budget discussed with Mr. Cuprill is the most efficient

       tool to supervise Cuprill's fees and expenses and manage
       costs. Moreover, almost daily we are in contact with Mr.
       Cuprill as to the work in progress and he has provided to
       us information to the effect that said work and any
       additional one, baring exceptional circumstances, should
       not exceed the budgeted amount for Cuprill's fees of
       $225,000, for all four cases, in reference to which a
       combined $100,000 retainer was advanced to Cuprill. These
       procedures don't differ from those regularly employed by
       Debtors to supervise outside counsel in non-bankruptcy
       cases.

   (d) It must be emphasized that Cuprill was retained on account
       of Mr. Cuprill, who for all practical purposes has
       performed as a sole practitioner in the captioned cases.
       The participation of his associate Mohammad Yassin, Esq.
       has been very limited, as will be revealed by the
       applications for compensation to be filed by Cuprill.

Cuprill can be reached at:

       Charles A. Cuprill-Hernandez, Esq.
       CHARLES A. CUPRILL, P.S.C., LAW OFFICES
       356 Fortaleza Street - Second Floor
       San Juan, PR  00901
       Tel: (787) 977-0515
       Fax: (787) 977-0518
       E-mail: ccuprill@cuprill.com

                        About DF Servicing

Engaged in the business of purchase and sale of construction
projects, DF Servicing, LLC, DF Tier I, LLC, DF Investments, LLC,
and DF Holdings LLC filed Chapter 11 bankruptcy petitions (Bankr.
D.P.R. Case Nos. 15-10253 to 15-10256) on Dec. 24, 2015. The
petitions were signed by Mark Mashburn, the president.

Charles A Cuprill, PSC Law Office, serves as counsel to the
Debtors, CPA Luis R. Carrasquillo & Co, P.S.C. as financial
consultant, AFS CPA Group, LLC, serves as auditor, and Salichs Pou
& Associates, PSC, as special counsel.

On Feb. 3, 2016, the Court ordered the administrative consolidation
of the Chapter 11 cases of DF Servicing, LLC, Case No.
15-10253(ESL); DF Investments, LLC, Case No. 15-10254(ESL); DF
Holdings, LLC, Case No. 15-10255(ESL); and DF Tier I, LLC, Case No.
15-10256(ESL).


DORAL FINANCIAL: Debtor, Committee Co-Propose Exit Plan
-------------------------------------------------------
BankruptcyData.com reported that Doral Financial and its official
committee of unsecured creditors filed with the U.S. Bankruptcy
Court a Chapter 11 Plan of Reorganization and a related Disclosure
Statement. According to the Disclosure Statement, "If the Plan is
confirmed by the Bankruptcy Court, (a) each Holder of a Class 1
Claim will receive, in full satisfaction and discharge of its
claim, either the full amount of its Allowed Class 1 Claim, in
Cash, or the collateral securing its Allowed Secured Claim and (b)
each Holder of an Allowed Class 2 Claim will receive its Pro Rata
Share of the Initial Class 2 Cash Pool and Creditors' Trust
Interests. Holders of Class 3, Class 4, and Class 5 Claims and
Equity Interests will not receive any distributions and their
respective Claims and Equity Interests will be extinguished." The
Disclosure Statement further notes, "If the Plan is not confirmed,
it is unclear whether the transactions contemplated thereby could
be implemented and what Holders of Claims would ultimately receive
in respect of their Claims. If an alternative plan of
reorganization could not be agreed to, it is possible that the
Company would have to liquidate its assets in bankruptcy, either
through a liquidating chapter 11 plan on a different timetable or
through a conversion to chapter 7, in which case Holders of Claims
could receive less than they would have received pursuant to the
Plan. . . .  Most notably, a liquidation could result in a loss of
the Tax Attributes, increased expenses, and delays in
distributions."

                     About Doral Financial

Doral Financial Corporation is a holding company whose primary
operating asset was equity in Doral Bank.  DFC maintains offices
in New York, Coral Gables, Florida and San Juan, Puerto Rico.
DFC has three wholly-owned subsidiaries: (i) Doral Properties,
Inc., (ii) Doral Insurance Agency, LLC ("Doral Insurance"), and
(iii) Doral Recovery, Inc.

On Feb. 27, 2015, regulators placed Doral Bank into receivership
and named the Federal Deposit Insurance Corp. as receiver.  Doral
Bank served customers through 26 branches located in New York,
Florida, and Puerto Rico.

DFC sought Chapter 11 protection (Bankr. S.D.N.Y. Case No.
15-10573) in Manhattan on March 11, 2015.   DFC estimated $50
million to $100 million in assets and $100 million to $500 million
in debt as of the bankruptcy filing.  

On Nov. 25, 2015, Doral Properties filed a voluntary petition
(Case No. 15-13160).  Doral Properties Inc. disclosed total assets
of $23,149,434 and total liabilities of $37,335,000.

On Dec. 4, 2015, the Court directed the joint administration of the
Debtors' chapter 11 cases under Case No. 15-10573, for procedural
purposes.  Both cases are assigned to Judge Shelley C. Chapman.

The Debtors are represented by Ropes & Gray LLP as counsel.  Garden
City Group, LLC serves as the Debtors' claims agent.  Carol Flaton
at Zolfo Cooper Management serves as chief restructuring officer.

The U.S. trustee overseeing the Chapter 11 case of Doral Financial
appointed five creditors of the company to serve on the official
committee of unsecured creditors.  The Committee is represented by
Brian D. Pfeiffer, Esq., and Taejin Kim, Esq., at Schulte Roth &
Zabel LLP.  The panel tapped Fiddler, Gonzalez, Rodriguez, P.S.C.
as special Puerto Rico counsel; McConnell Valdes LLC as special
Puerto Rico tax counsel; Capstone Advisory Group, LLC, together
with its wholly-owned subsidiary Capstone Valuation Services, LLC,
as financial advisor; and Prime Clerk LLC as its information agent.


DREAMWORKS ANIMATION: Fitch Puts 'B+' IDR on Rating Watch Positive
------------------------------------------------------------------
Fitch Ratings has placed the 'B+' Issuer Default Rating (IDR)
assigned to DreamWorks Animation SKG, Inc. (DWA) on Rating Watch
Positive. Fitch's action follows the announcement that DWA will be
acquired by NBCUniversal, a division of Comcast Corporation
(Comcast), for total consideration of $4.1 billion, including the
assumption of DWA's debt. Approximately $360 million of DWA's debt
outstanding as of Dec. 31, 2015 is affected by Fitch's action.

Fitch will remove the Rating Watch Positive and expects to upgrade
DWA to 'A-' upon the transaction's completion. Fitch currently
rates Comcast 'A-' with a Stable Outlook. The transaction is
subject to regulatory approvals and is expected to close by year
end 2016. If the transaction does not receive regulatory approval,
Comcast will pay DWA a $200 million breakup fee.

Fitch believes Comcast will repay DWA's outstanding senior secured
bank debt ($60 million at Dec. 31, 2105) upon the transaction's
closing. Fitch also believes Comcast will likely redeem DWA's $300
million of 6.875% senior unsecured notes due 2020, which become
callable after Aug. 15, 2016 at 105.156% of principal plus accrued
and unpaid interest, following the transaction's closing. If the
bank debt is repaid, the senior secured rating will be withdrawn;
if the bonds are redeemed, the senior unsecured rating will be
withdrawn; if both occur, the IDR and all issue ratings will be
withdrawn.

The Rating Watch Positive will also be removed if the transaction
is not closed, and the ratings are expected to remain unchanged.
However, if this were to occur, the company would remain on
Positive Outlook given DWA's underlying strengths. The Positive
Outlook reflects Fitch's comfort in management's ability to execute
its plan to stabilize the film segment and the expected operational
profile improvement resulting from DWA's diversification efforts.
Fitch believes the film segment will continue to benefit from
Jeffrey Katzenberg's return to a more active role in film
production and from the revised annual film output mix (one sequel
and one original). In addition, Fitch believes the TV and New Media
segment will continue to grow due in part to the segment's
contractual income sources thereby improving DWA's operating
profile and diversification.

KEY RATING DRIVERS

The Rating Watch Positive is driven by DWA's acquisition by
Comcast. Fitch will revisit the Watch and the ratings once the
transaction's outcome has been finalized.

The existing ratings and Positive Outlook are driven by the
following:

Inherent Volatility of Movie Studios: The film industry is
characterized by meaningful operating volatility due to its
hit-driven nature. This risk is magnified with standalone studios
relative to studios housed in media conglomerates. Through 2012 DWA
demonstrated an uncommon level of consistency, producing 17
consecutive 3D animation hit films and creating notable franchises
despite low output. Since 2012, DWA has suffered from uneven film
performance and increased production costs resulting in several
impairments. Fitch believes recent leadership changes and
reorganization efforts, coupled with a reduction in annual
releases, should have a positive effect on DWA's future
performance.

Recent Box Office Challenges: The underperformance of releases
since 2012 demonstrated that DWA was not immune to the industry's
volatility. Recent box office underperformance led to impairments
for four of its last seven releases. Management has addressed the
losses with a substantial restructuring effort.

Restructuring Initiative: In 2015, management restructured its core
film business including the layoff of 500 employees (of 2,700), the
closure of its Northern California facility and the sale-leaseback
of its Glendale, CA headquarters. In addition, DWA made several
senior management changes, with the most important being that
Jeffrey Katzenberg returned to a more active, hands-on role with
feature films. Mr. Katzenberg was the primary architect of DWA's
successful animated film performance prior to 2012. Finally, the
studio's annual film output strategy was revised from three to two
films (one sequel and one original) with a reduced budget of $120
million per film starting with 'Trolls', which is scheduled for
release in November 2016. In 2014, related pre-tax charges totalled
$210 million (approximately $110 million in cash charges). The plan
is expected to generate approximately $30 million in pre-tax
run-rate savings in 2015, increasing to $60 million by 2017.

Diversification Improvements: Over the last several years,
management has a made material progress in diversifying DWA's
business operations. For the Fiscal Year Ended Dec. 31, 2015 (FY
2015), Feature Films contributed 57% of revenue compared to 78% for
the fiscal year ended Dec. 31, 2011. Remaining revenues came from
TV (25% of FY 2015 revenues), Consumer Products (9%), and New Media
and Other (9%) segments. Within the TV segment, DWA benefits from
long-term contractual agreements paying per-episode fees with
Netflix in the U.S. (over 1,000 episodes pre-sold) and similar
output arrangements with other distributors abroad. The TV segment
generated $228 million in revenues for FY 2015, with Netflix
accounting for the majority. Contract renewal risk is mitigated by
strong demand from other Over-The-Top (OTT) players for first run
original TV content. The New Media and Other segment (primarily
AwesomenessTV) represent a promising growth area as it reaches the
Gen Z demographic outside traditional distribution channels. Fitch
believes growth in these new segments will continue to materially
improve DWA's risk profile.

Emerging Distribution Opportunities: Fitch believes the new
distribution platforms via OTT services create additional outlets
and exploitation opportunities for DWA's content, intellectual
properties and past libraries, while allowing the company to reduce
its reliance on theatrical distribution. DWA is better positioned
to take advantage of the emerging distribution platforms as the
company is much less dependent on the traditional TV ecosystem
relative to other studios. DWA also retained TV/SVOD distribution
rights for its feature films in the Americas, which were carved out
from its current distribution agreement with Twentieth Century Fox.
However, Fitch believes acceleration in the decline of theater
ticket sales or physical content sales could pose serious
challenges before the company can get meaningful traction on
emerging platforms.

Credit Metrics Pressured: DWA's leverage (Total Debt to
Fitch-calculated EBITDA) can experience significant fluctuations
due to the volatility of the underlying business and timing of film
releases. As a result, Fitch believes FCF is a more appropriate
measure of DWA's credit profile and therefore prioritizes FCF
measures over EBITDA metrics. As of LTM Dec. 31, 2015, Fitch
calculates LTM FCF at $29.8 million and adjusted gross leverage
(adjusted for restructuring charges and film impairments) at 2.7x.
Material debt reductions could be difficult in the short term due
to incremental cash outlays required for content deliveries under
the Netflix contract.

KEY ASSUMPTIONS

-- Stabilization within the Feature Film segment due to the
    company's restructuring efforts, revised film mix, and
    leadership changes;
-- Increase in working capital needs in 2016 due to ramp up for
    content deliveries, primarily to Netflix;
-- Continued growth in the TV and New Media and Other segments
    due to favorable secular trends.

RATING SENSITIVITIES

Positive: A positive rating action would result in the removal of
the Rating Watch Positive and an expected upgrade to 'A-' upon the
transaction's closing. If the transaction does not close, a
positive rating action would entail a combination of a return to
positive FCF generation, continued diversification of revenue
streams, and/or sustained leverage of 3.5x or below. The Positive
Rating Outlook reflects Fitch's confidence that DWA can achieve
these measure by end of 2017 or early 2018.

Negative: A negative rating action would result in the removal of
the Rating Watch Positive if the transaction does not close, but
the ratings and Positive Outlook are expected to remain unchanged.
A further negative rating action would entail the removal of the
Positive Outlook. Ratings may be pressured if Feature Films
materially underperform at the box office and FCF continues to be
pressured. In addition, any leveraging transaction including large
acquisitions and material debt-funded share buyback activities
without a clear plan to de-lever may pressure the rating.

LIQUIDITY

Liquidity is supported by cash on hand of $110.8 million and
availability of $390 million under the $450 million revolver due
2020. The company has no debt maturities until 2020. Although DWA
is expected to require incremental cash for film investments in the
short-term, current liquidity should be sufficient to meet these
expected cash needs.

FULL LIST OF RATING ACTIONS

Fitch has placed the following ratings on Rating Watch Positive:

DreamWorks Animation SKG, Inc.

-- IDR 'B+';
-- Senior secured credit facility 'BB+/RR1';
-- Senior unsecured notes 'B+/RR4'.



E Z MAILING: Court Extends Plan Exclusivity to July 31
------------------------------------------------------
Bankruptcy Judge Stacey L. Meisel granted the request of E Z
Mailing Services, Inc., and its debtor-affiliates to extend their
exclusive period to file a chapter 11 plan through and including
July 31, 2016, and extend their exclusive period to solicit
acceptances of that plan through and including Sept. 29, 2016.  

On Mar. 29, 2016, the Court approved a DIP financing facility
under
which PNC Bank, National Association and PNC Equipment Finance,
LLC, agreed, among other things, to provide continued working
capital.  That DIP facility was conditioned on Debtors filing a
plan by July 31, 2016, and the Court holding a confirmation
hearing
on Nov. 1, 2016.

Edward Bond at Bederson LLP, serving as the Debtors' chief
restructuring officer, says the Debtors have worked expeditiously
to address critical business and legal issues and move their
chapter 11 cases forward and tangible progress has been made
toward
the Debtors' goal of confirming a plan that will receive support
from their various constituencies.  By way of example, although
initially plagued with litigation and a number of contentious
hearings, the Debtors have worked to stabilize their operations,
and through their counsel, achieved use of cash collateral and
recently obtained authority to continue their use of cash
collateral for a more meaningful amount of time to formulate a
plan. The Debtors have also obtained critical debtor-in-possession
financing via entry of the DIP Order. As would be expected of
cases
that were filed less than three months ago, however, there is more
that needs to be done. The Debtors maintain that they require
additional time to negotiate and formulate a plan that maximizes
value to these estates and creditors, and to prepare adequate
information for all interested parties to evaluate that plan.

E Z Mailing Services Inc. and United Business Freight Forwarders,
transportation logistics companies whose customers include Macy's,
Walmart, JC Penny and Forever 21, filed Chapter 11 bankruptcy
petitions (Bankr. D. N.J. Case Nos. 16-10615 and 16-10616,
respectively) on Jan. 13, 2016.  The Debtors each estimated assets
and liabilities in the range of $10 million to $50 million.
Porzio, Bromberg & Newman, PC, serves as counsel to the Debtors
and
Chris Carey Advisors, LLC, provides financial advisory services.
Lowenstein Sandler LLP is counsel to the creditors' committee and
EisnerAmper LLP provides the committee with financial advice.
Judge Stacey L. Meisel presides over the cases.


EAST COAST FOODS: U.S. Trustee Forms 5-Member Committee
-------------------------------------------------------
The Office of the U.S. Trustee on April 29 appointed five creditors
of East Coast Foods, Inc., to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) Daniel Beasley
         c/o Scott Cummings & Lee Franck
         Law Office of Cummings & Franck P.C.
         1025 W. 190th Street, Suite 200
         Gardena, CA 90248
         Phone: (310) 295-2195
         Email: Scott@cummingsandfrank.com

     (2) Sergio Borgognone
         708 Acacia Ave. #A
         Corona Del Mar, CA 9265
         Phone: (949) 554-7295
         Email: Sergiob469@gmail.com

     (3) Choice Foods
         Attn: John Fovos
         5798 S. Anderson Street
         Vernon, CA 90058
         Phone: (323) 810-9090
         Email: John@ChoiceFoods.net

     (4) Clifton Capital Group LLC
         Attn: Sam L. White
         P.O. Box 764
         La Canada, CA 91012-0764
         Phone: (818) 261-3050
         Email: S.White@CliftonCapitalGroup.com

     (5) Asaf Law APC
         Attn: Asaf Agazanof, Esq.,
         8730 Wilshire Blvd. #310
         Beverly Hills, CA 90211
         Phone: (424) 254-8870
         Email: Asaf@LawAsaf.com
           
Official creditors' committees have the right to employ legal and
accounting professionals and financial advisors, at a debtor's
expense. They may investigate the debtor's business and financial
affairs. Importantly, official committees serve as fiduciaries to
the general population of creditors they represent.

                     About East Coast Foods

East Coast Foods, Inc. sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Central
District of California (Los Angeles) (Case No. 16-13852) on March
25, 2016. The petition was signed by Herbert Hudson, president.

The Debtor is represented by Vakhe Khodzhayan, Esq., at KG Law,
APC. The case is assigned to Judge Sheri Bluebond.

The Debtor estimated assets of $0 to $50,000 and debts of $10
million to $50 million.


ELBIT IMAGING: Announces Notes Buyback
--------------------------------------
Elbit Imaging Ltd. announced that repurchases of the following
Notes was executed since Feb. 1, 2016, to April 27, 2016:

Note: Series H

The acquiring corporation: Elbit Imaging Ltd

Quantity purchased (Par value): 16,732,897

Weighted average price: 89.7

Total amount paid(NIS): 15,010,381

The entire repurchased notes since Oct. 12, 2015, as the first
Notes buyback plan announcement, to April 26, 2016:

Note: Series H

The acquiring corporation: Elbit Imaging Ltd

Quantity purchased (Par value): 72,723,440

Weighted average price: 89.35

Total amount paid(NIS): 64,978,380

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

                       http://is.gd/JVgP51

                       About Elbit Imaging

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

Elbit Imaging reported a loss of NIS 186.15 million on NIS 1.47
million of revenues for the year ended Dec. 31, 2015, compared to
profit of NIS 1 billion on NIS 461,000 of revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Elbit Imaging had NIS
778.25 million in total assets, NIS 758.96 million in total
liabilities and NIS 19.28 million in shareholders' equity.

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

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

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


ENCORE PROPERTIES: Sec. 341 Meeting of Creditors Set for May 23
---------------------------------------------------------------
A meeting of creditors will be held on May 23, 2016, at 10:00 a.m.,
according to a filing with the U.S. Bankruptcy Court for the
Northern District of New York in the bankruptcy case of Encore
Properties of Rochester, LLC.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                     About Encore Properties

Encore Properties of Rochester, LLC, commenced a voluntary case
(Bankr. N.D.N.Y. Case No. 16-60524) under Chapter 11 of the
Bankruptcy Code on April 13, 2016.

The Company disclosed total assets of $25 million and total debts
of $17.72 million.  The petition was signed by Patrick F. Loreto,
managing partner.


ENERGY FUTURE: Files New Ch.11 Plan; Seeks Aug. 1 Confirmation
--------------------------------------------------------------
Energy Future Holdings Corp., et. al., on May 1, 2016, filed with
the Bankruptcy Court a New Joint Plan of Reorganization that
presents alternative options to exit Chapter 11.

The Debtors also filed a motion asking the U.S. Bankruptcy Court to
enter an order:

     (a) approving the Disclosure Statement for the Joint Plan of
Reorganization of Energy Future Holdings Corp., et. al., Pursuant
to Chapter 11 of the Bankruptcy Code (as modified, amended or
supplemented from time to time);

     (b) establishing the voting record date, voting deadline, and
other related dates;  and

     (c) approving procedures for soliciting, receiving, and
tabulating votes on the Joint Plan of Reorganization of Energy
Future Holdings Corp., et. al., Pursuant to Chapter 11 of the
Bankruptcy Code (as modified, amended or supplemented from time to
time).

There is a hearing May 18, 2016 at 2:00 p.m. on the Debtors'
request to schedule certain dates and deadlines and establish
certain protocols in connection with the confirmation of the new
Joint Plan.  Objections are due May 13.

Specifically, the Debtors propose this confirmation schedule:

     a. Monday, May 2, 2016, shall be the date on which
Participating Parties may begin serving written discovery requests
and all written discovery requests must be served no later than
Monday, May 9, 2016, at 4:00 p.m. (prevailing Eastern Time).

     b. Thursday, June 30, 2016, shall be the date on which all
fact discovery shall be complete.

     c. Wednesday July 20, 2016, shall be the date on which all
expert discovery shall be complete.

     d. Friday, July 22, 2016, shall be the deadline by which any
party, including the Participating Parties, must file any
objections to the New Plan.

     e. Friday, July 29, 2016, shall be the deadline by which the
Debtors must file their reply to all timely objections to the New
Plan.

     f. Monday, August 1, 2016, shall be the date of the start of
the hearing to approve the New Plan.

The Debtors also propose that votes on the new Plan be cast by July
22, 2016.

After the Bankruptcy Court confirmed the Debtors' Sixth Amended
Joint Plan of Reorganization and approved the settlement of
litigation claims, the Debtors worked diligently with interested
parties to effectuate the Confirmed Plan.  The Confirmed Plan
requires timely and sufficient approval by the Public Utility
Commission of Texas ("PUCT") for the transactions contemplated by
the Confirmed Plan. The Plan Support Agreement ("PSA") provided
that, certain parties, including the ad hoc group of TCEH first
lien creditors ("TCEH First Lien Creditors") may terminate the
support obligations related to the Confirmed Plan unless all PUCT
approvals were obtained by April 30, 2016 -- Plan Support Outside
Date.

On March 24, 2016, the PUCT issued an order approving the change of
control application submitted by Oncor Electric Delivery Company
LLC ("Oncor"), Ovation Acquisition I, LLC and Acquisition II, LLC.
The order was subject to significant conditions, including
subsequent approval by the PUCT of a component of the transaction
as a tariff.

In April, the ad hoc group of TCEH unsecured creditors confirmed in
writing that they would not pay $50 million from the TCEH unsecured
creditors' recovery of $550 million in an Alternative Restructuring
to extend the Plan Support Outside Date, as the Confirmed Plan
permits it to do at its option.

In light of these events, on May 1, 2016, the TCEH First Lien
Creditors sent a Plan Support Termination Notice to the Debtors and
Required Investor Parties, citing the insufficiency of the PUCT
order and the TCEH Unsecured Group's election not to pay to extend
the Plan Support Outside Date. Delivery of that Notice triggered a
"Plan Support Termination Event" under section 11 of the PSA.  The
occurrence of a Plan Support Termination Event rendered the
Confirmed Plan and Confirmation Order "null and void" under Article
IX.D of the Confirmed Plan and paragraph 147 of the Confirmation
Order.

The Debtors note, however, that they and their creditors are not
back to square one with a proposed plan of reorganization. Through
the Settlement Agreement and PSA, the Debtors explain, they have
drastically narrowed the scope of issues to be resolved in
confirming a plan in this Alternate Restructuring setting. And the
Debtors together with many of their creditors previously agreed to
the parameters of a New Plan.

Matt Chiappardi, writing for Bankruptcy Law360, reported that the
new Chapter 11 plan features alternative options for dealing with
the Company's stake in electricity transmission unit Oncor after
the roughly $20 billion deal at the heart of a prior strategy fell
apart.  The new plan to rework EFH's $42 billion in debt retains
the concept of spinning off affiliate Texas Competitive Electric
Holdings Co. LLC, but treatment of the power giant's 80 percent
stake in nondebtor subsidiary Oncor Electric Delivery is revised.

Mr. Chiappardi, in another report, noted that experts say EFH Corp.
has few immediate options to regroup after its innovative $20
billion gamble to reorganize its electricity transmission unit
Oncor into a real estate investment trust appears to be history,
leaving the mega-Chapter 11 in a state of costly and uncomfortable
uncertainty.

               Outline & Summary of Plan

According to the Disclosure Statement, the Plan constitutes a
separate plan of reorganization for each of the Debtors.  The Plan
provides that (i) confirmation of the Plan with respect to the TCEH
Debtors may occur separate from, and independent of, confirmation
of the Plan with respect to the EFH Debtors and EFIH Debtors
(subject to the applicable conditions precedent to confirmation)
and (ii) the TCEH Effective Date for the Plan with respect to the
TCEH Debtors may occur separate from, and independent of, the EFH
Effective Date for the Plan with respect to the EFH Debtors and
EFIH Debtors (subject to the applicable conditions precedent to
each Effective Date).

Additionally, the Plan provides for these key transactions and
recoveries for each of the TCEH Debtors, EFH Debtors, and EFIH
Debtors.

     (A) TCEH and the TCEH Debtors.

         (1) The Plan provides for two potential restructurings for
the TCEH Debtors.   

             -- If the Spin-Off Condition is satisfied, the stock
of Reorganized TCEH (together with cash, the New Reorganized TCEH
Debt (if applicable), the Spin-Off TRA Rights (if any), and the
TCEH Settlement Claim (or the proceeds thereof, to the extent a
distribution is made on account of the TCEH Settlement Claim on or
prior to the TCEH Effective Date)) will be distributed to Holders
of TCEH First Lien Claims in a transaction intended to qualify as a
taxfree reorganization under section 368(a)(1)(G) of the IRC.   

             -- Additionally, if the Spin-Off Condition is
satisfied, certain of the TCEH Debtors' assets will be transferred
to the Preferred Stock Entity pursuant to the Spin-Off Preferred
Stock Sale in a transaction intended to qualify as a taxable sale
exchange under section 1001 of the IRC.   

             -- If the Spin-Off Condition is not satisfied, then
the assets of the TCEH Debtors will be transferred to Reorganized
TCEH in a transaction or transactions intended to qualify as a
taxable sale or exchange under section 1001.  In general, the
overall tax basis of Reorganized TCEH's assets will be higher if
the Spin-Off Condition is satisfied.

         (2) The Spin-Off of TCEH (which will be executed in
conjunction with the Spin-Off Preferred Stock Sale (resulting in
the Basis Step-Up)).   

         (3) Under the Spin-Off, TCEH will spin off from the
Debtors to form a standalone reorganized entity, Reorganized TCEH,
and certain tax attributes of the EFH Group will be substantially
used to provide Reorganized TCEH with a partial step-up in tax
basis in certain of its assets, valued at approximately $1.0
billion.   

         (4) Class C3: TCEH First Lien Secured Claims. Each Holder
of a TCEH First Lien Secured Claim shall receive its Pro Rata share
(which, for the avoidance of doubt, shall be based on the Allowed
amounts of such Claims as of the Petition Date as set forth in the
Plan) of the recovery set forth in the Plan, which recovery depends
on whether the Spin-Off Condition is satisfied.  

         (5) Class C4: TCEH Unsecured Debt Claims and Class C5:
General Unsecured Claims Against the TCEH Debtors Other Than EFCH.
Each Holder of a Class C4 and Class C5 Allowed Claim shall receive
its Pro Rata share of the TCEH Cash Payment.

         (6) TCEH will receive an allowed, unsecured settlement
claim against EFH Corp. (the "TCEH Settlement Claim"), in the
amount of $700 million, which shall receive the same treatment as
the other Impaired Classes with Claims against the EFH Debtors,
subject to certain conditions.

     (B) EFH, EFIH, and the EFH and EFIH Debtors.

         (1) Investment Scenario. In the Equity Investment Scenario
certain investors (including, potentially, existing creditor
constituencies) would provide a new-money contribution that may be
used, at the option of the applicable Debtor(s), to provide a
recovery to Allowed Claims against EFH Corp. and EFIH in the form
of Cash or Reorganized EFH Common Stock, based on the Investment
Plan Value.

         (2) Standalone Scenario.  The Standalone Scenario is the
scenario that does not contemplate the Equity Investment Scenario.
In the Standalone Scenario, Holders of Allowed Claims against EFH
Corp. and EFIH who are Impaired would receive, at their election,
either their Pro Rata share of Cash or their Pro Rata share of
certain allocations of Reorganized EFH Common Stock, based on the
Standalone Plan Value.

     (C) The REIT Reorganization that was a condition to
consummation of the Original Confirmed Plan would not be a
condition to consummation of any Plan with respect to the EFH
Debtors and EFIH Debtors.  

In exchange for the value provided and the compromises contained in
the Plan and the Settlement Agreement, the Plan provides for the
mutual release of Claims among all Debtors and consenting Holders
of Claims and Interests and third-party releases of direct and
indirect Holders of Interests in EFH Corp. and its affiliates.

The TCEH Debtors will undertake the Spin-Off, as follows:   

     i. TCEH will have formed Reorganized TCEH before the TCEH
Effective Date;  

    ii. on the TCEH Effective Date, except for liabilities assumed
by Reorganized TCEH pursuant to the Plan, all other Claims against
the TCEH Debtors will be canceled, and each Holder of an Allowed
Claim against a TCEH Debtor will have the right to receive its
recovery in accordance with the terms of the Plan; and TCEH shall
assume the obligations of its subsidiaries that are TCEH Debtors to
make distributions pursuant to and in accordance with the Plan that
are to be made after the TCEH Effective Date;  

   iii. immediately following such cancelation, pursuant to the
Separation Agreement, TCEH and the EFH Debtors will make the
Contribution to Reorganized TCEH, in exchange for which TCEH shall
receive 100% of the (i) Reorganized TCEH membership interests and
(ii) the net Cash proceeds of the New Reorganized TCEH Debt (or, at
the TCEH Supporting First Lien Creditors' election, with the
consent of the Debtors and the Plan Sponsors (such consent not to
be unreasonably withheld, delayed, or conditioned), all or a
portion of such New Reorganized TCEH Debt; provided, that with
respect to the EFH Debtors, the EFIH Debtors, and the Plan
Sponsors, such consent may be withheld only to the extent that the
receipt of all or a portion of such New Reorganized TCEH Debt
interferes with the preservation of the Intended Tax Treatment or
satisfaction of the conditions to the TCEH Effective Date set forth
in Article IX.B.[2-7] of the Plan; provided further, that with
respect to the EFH Debtors, the EFIH Debtors, and the Plan
Sponsors, such consent may not be withheld if the conditions to the
TCEH Effective Date set forth in Article IX.B.[2-7] are satisfied
or waived), subject to preserving the Intended Tax Treatment;   

    iv. immediately following the Contribution, TCEH and
Reorganized TCEH shall effectuate the Spin-Off Preferred Stock
Sale, including the distribution of the proceeds thereof to TCEH;

     v. immediately following the Spin-Off Preferred Stock Sale,
Reorganized TCEH shall undertake the Reorganized TCEH Conversion;
and

    vi. immediately following the Reorganized TCEH Conversion, TCEH
will make the Distribution.

Pursuant to the Spin-Off Preferred Stock Sale, a significant
percentage of the tax attributes of the EFH Group will be used to
provide Reorganized TCEH with a partial step-up in tax basis in
certain of its assets (as defined in the Plan, the "Basis
Step-Up"), subject to an agreed minimum NOL holdback amount as
specified in the Plan and Exhibit I of the Plan Support Agreement.


A copy of the disclosure Statement explaining the new Plan is
available at:

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

           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 cases are 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.

The Debtors are represented by Kirkland & Ellis LLP and Richards,
Layton & Finger, P.A.  Co-Counsel to the Debtor Energy Future
Holdings Corp. are Proskauer Rose LLP and Bielli & Klauder LLC;
Co-Counsel to the Debtor Energy Future Intermediate Holding Company
LLC are Cravath, Swaine And Moore LLP and Stevens & Lee, P.C.; and
Co-Counsel to the TCEH Debtors are Munger, Tolles & Olson LLP and
McElroy, Deutsch, Mulvaney  & Carpenter, LLP.

The Debtors' financial advisor is Evercore Partners and the
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 FUTURE: Hunt-Led Investors Scramble to Save Oncor Buyout
---------------------------------------------------------------
Peg Brickley, writing for Dow Jones' Daily Bankruptcy Review,
reported that Energy Future Holdings Corp. told a bankruptcy judge
on April 28 investors won't go through with the planned $17 billion
buyout of its Oncor transmissions business -- an investment
opportunity that Energy Future hoped would ease its exit from
chapter 11.

The Associated Press reported that the Oncor deal, which will see
Energy Futures selling its Oncor power distribution business for
about $19 billion, required financing from a group of investors in
order to close by April 30.  While Oncor is considered a crown
jewel asset, the Public Utility Commission of Texas imposed
conditions for approving the deal that have discouraged the
investors, the AP said.

According to the DBR, conditions put on the deal by the Public
Utility Commission of Texas caused Energy Future creditors to walk
away from the opportunity to buy Oncor, a thriving major piece of
the Texas energy infrastructure, Energy Future lawyer Marc
Kieselstein said at a hearing in the U.S. Bankruptcy Court in
Wilmington, Del.

Mr. Kieselstein told the bankruptcy judge the company is moving
toward an alternate route for exiting bankruptcy because of talks
with investors that make it "crystal clear" the deal is dead, the
DBR related.  It would also be a blow to a coalition of major
creditors who had looked to make up their losses on the big Dallas
electricity company with future profits from the Oncor, which they
hope to acquire, the DBR said.

Thomas Lauria, a bondholder lawyer and one of the chief architects
of the Oncor buyout, said investors have yet to make a formal
decision to pull out. Discussions continue, he said, and a deal is
still possible, the DBR related.  However, the Oncor buyout, one of
the largest merger-and-acquisition deals ever to grow out of a
bankruptcy case will be on life support and only swift action by
the Public Utility Commission can save it, the DBR noted.

                       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.


ENRON CORP: Nigeria Challenges $11.2-Mil. Award in Power Dispute
----------------------------------------------------------------
Caroline Simson, writing for Bankruptcy Law360, reported that
Nigeria told the D.C. Circuit on April 29 that a district court
wrongly confirmed an $11.2 million award issued to an Enron
subsidiary following a dispute over a power purchase agreement,
saying the award was based on a contract that was at the heart of
Enron's fraud and corruption scandal.  The African nation told the
circuit court that Enron Nigeria Power Holding Ltd. and Enron Corp.
are essentially the same entity.

In February 2016, Jack Newsham at Bankruptcy Law360 reported that a
Cayman Islands-based Enron affiliate was denied a quick win in its
effort to claim a $12 million arbitrator's award from the Nigerian
government in the D.C. Circuit on Feb. 8, 2016, with the court's
short ruling saying factual questions remained in dispute.  Enron
Nigeria Power Holding Ltd. contends that Nigeria had no right to
stay a power purchase agreement inked with the subsidiary of Enron
Corp. in 1999, and it says the agreement remained in force even
after its owner went bankrupt in 2001.

                        About Enron Corp.

Enron Corporation (former New York Stock Exchange ticker symbol
ENE) was an American energy, commodities, and services company
based in Houston, Texas.  Before its collapse and bankruptcy in
2001, Enron employed approximately 20,000 staff and was one of the
world's major electricity, natural gas, communications, and pulp
and paper companies, with claimed revenues of nearly $111 billion
during 2000.

Based in Houston, Texas, Enron Corporation filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 01-16033) on Dec. 2, 2001,
following controversy over accounting procedures that caused its
stock price and credit rating to drop sharply.

Enron hired lawyers at Togut Segal & Segal LLP; Weil, Gotshal &
Manges LLP; Venable; Cadwalader, Wickersham & Taft, LLP for its
bankruptcy case.  The Official Committee of Unsecured Creditors in
the case tapped lawyers at Milbank, Tweed, Hadley & McCloy LLP.

The Debtors won confirmation of their Plan in July 2004, and the
Plan was declared effective on Nov. 17, 2004.  After approval of
the Plan, the new board of directors decided to change the name of
Enron Corp. to Enron Creditors Recovery Corp. to reflect the
current corporate purpose.  ECRC's sole mission is to reorganize
and liquidate certain of the operations and assets of the "pre-
bankruptcy" Enron for the benefit of creditors.

ECRC has been involved in the MegaClaims Litigation, an action
against 11 major banks and financial institutions that ECRC
believes contributed to Enron's collapse; the Commercial Paper
Litigation, an action involving the recovery of payments made to
commercial paper dealers; and the Equity Transactions Litigation,
which ECRC filed against Lehman Brothers Holdings, Inc., UBS AG,
Credit Suisse and Bear Stearns to recover payments made to the
four banks on transactions involving Enron's stock while the
company was insolvent.


EXAMWORKS GROUP: S&P Puts 'B+' CCR on CreditWatch Negative
----------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its 'B+'
corporate credit on Atlanta-based Examworks Group Inc. on
CreditWatch with negative implications.

The 'B-' issue-level ratings and '6' recovery ratings on Examworks'
senior unsecured notes are unchanged, as well as the 'BB-'
issue-level and '2' recovery rating on the company's revolving
credit facility.  The '2' recovery rating denotes S&P's expectation
for substantial recovery (70%-90%; lower half of the range) in the
event of default.

The CreditWatch placement follows the company's announcement that
it will be acquired by Leonard Green & Partners for $2.2 billion.

"While we anticipate that ExamWorks' existing debt will be
refinanced as part of the transaction, the incurrence of additional
debt to finance part of the LBO is likely to result in leverage
significantly above the projected levels currently factored in our
corporate credit rating," said Standard & Poor's credit analyst
James Uko.

S&P will resolve the CreditWatch when more information related to
the financing and post-LBO capitalization becomes available.



FPMC AUSTIN: May 13 Auction on Medical Campus Property
------------------------------------------------------
The Honorable Tony M. Davis of the U.S. Bankruptcy Court for the
Western District of Texas, Austin Division, approved the procedures
governing the sale of FMPC Austin Realty Partners, LP's property.

The Debtor'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.  Forrest Park Medical
Center consists of a short-term acute care hospital and medical
office building, together with a 445 stall adjacent parking
garage.

To participate in the sale process and to have an offer considered
by the Debtor, each prospective purchaser must deliver a written
qualifying offer and must deposit the sum of $10 million dollars
before May 11, 2016.

Each offer to purchase the Property must include a written and
signed irrevocable and binding purchase and sale agreement
containing substantially the same terms and conditions as the PSA
along with a blacklined copy of the Modified PSA showing any
revisions to the PSA.  The Debtor, in consultation with the
Lenders, shall determine whether any Modified PSA that modifies the
PSA in any material respect is a Qualified Offer.

A Modified PSA will, inter alia, provide: (1) a purchase price in
an amount in excess of One Hundred Million Dollars ($100,000,000),
(2) that the Qualified Offer is irrevocable until the closing of
the purchase of the property by another Qualified Buyer in
accordance with the terms of these Sale Procedures, and (3) for
representations and warranties to survive for a period not to
exceed six months after the Closing Date, and an aggregate
liability cap of $500,000.

If the Debtor receives more than one Qualified Offer, the Debtor
will conduct a live public outcry auction on May 13, 2016. The
Auction will commence with the highest Qualified Offer and continue
in increments of not less than $500,000 until each Qualified Buyer
makes its final offer.

The Debtor will be deemed to have accepted the Successful Bid only
when the Court has approved such Bid at the Sale Hearing on May 13.
Upon failure to consummate the Sale, the Backup Bidder shall
promptly deposit an additional $9,000,000 with the Title Company to
replenish the portion of the Deposit returned to the Backup Bidder.
By making a Bid, a Qualified Buyer shall be deemed to have agreed
to keep its offer open until the consummation of the Sale.

            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.


FPMC FORT WORTH: Allowed to Use Cash Collateral Until May 31
------------------------------------------------------------
The U.S. Bankruptcy Court for the Northern District of Texas, Fort
Worth Division, permits FPMC Fort Worth Realty Partners, LP, to use
cash collateral of Sabra Texas Holdings, LP, until May 31, 2016.

The Troubled Company Reporter, on Feb. 18, 2016, reported that
Judge Mark Mullin issued an Order allowing FPMC to use the cash
collateral of its pre-bankruptcy lender to support its operations.

A full-text copy of the Cash Collateral Order dated April 19, 2016
is available at
http://bankrupt.com/misc/FPMCFortWorth0419CashCollOrd.pdf

                About FPMC Fort Worth

FPMC Fort Worth Realty Partners, LP filed a Chapter 11 bankruptcy
petition (Bankr. N.D. Tex. Case No. 15-44791) on Nov. 30, 2015. The
petition was signed by Todd Furniss as manager of Neal Richards
Group Forest Park Development LLC, its general partner. Franklin
Hayward LLP represents the Debtor as counsel. Judge Mark X. Mullin
has been assigned the case.


GATEWAY ENTERTAINMENT: Case Summary & 12 Unsecured Creditors
------------------------------------------------------------
Debtor: Gateway Entertainment Studios LP
        71 31st Street
        Pittsburgh, PA 15201

Case No.: 16-21628

Chapter 11 Petition Date: April 29, 2016

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Judge: Hon. Carlota M. Bohm

Debtor's Counsel: Richard R. Tarantine, Esq.
                  RICHARD R. TARANTINE
                  437 Grant Street, Suite 416
                  Pittsburgh, PA 15219
                  Tel: 412-321-5229
                  Fax: 412-223-4302
                  E-mail: rrt@tarantinelaw.com

Toal Assets: $12.15 million

Total Debts: $9.87 million

The petition was signed by Christopher Breakwell, member of LLC -
GP of LP.

List of Debtor's 12 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Burchick Construction               Construction        $629,587
3501 Terrace Street
Pittsburgh PA 15213

Retrotherm Insulators                Renovations        $330,000
6377 Tollgate Road
Zionsville PA 18092

Jones Day                           Attorney Fees       $200,000
500 Grant Street
Suite 4500
Pittsburgh PA 15219

Bradley Sommer                      Attorney Fees       $150,000
6 Market Square #2
Pittsburgh PA 15222

City of Pittsburgh                Real Estate Taxes     $100,000
Treasurer City of
Pittsburgh
414 Grant Street

Pittsburgh Pa 15219

Fagnelli Plumbing                    Non-Purchase         $52,000
2852 Blvd of the Allies                 Money
Pittsburgh PA 15213

City of Pittsburgh                 Real Estate Taxes      $34,747
Treasurer City of
Pittsburgh
414 Grant Street
Pittsburgh Pa 15219

Hill, Barth & King, LLC              Non-Purchase         $30,000
3110 Highland Road Suite               Money
Hermitage PA 16148

City of Pittsburgh                 Real Estate Taxes      $12,960
Treasurer City of
Pittsburgh
414 Grant Street
Pittsburgh

Allegheny County Treasurer         Real Estate Taxes       $9,413

Treasurer Allegheny County
436 Grant Street
Pittsburgh PA 15219

Vince Falleroni                      Trade Payable             $0
1597 Washington Pike
Suite A38-Box 145
Bridgeville PA 15017

Dave Kowalski                         Non-Purchase             $0
a/k/a 31st Street                        Money
Business Park
102 Lakeland Drive
Mars PA 16046


GCI INC: Moody's Affirms B2 Corporate Family Rating
---------------------------------------------------
Moody's Investors Service affirmed the B2 Corporate Family Rating
("CFR") of GCI, Inc. ("GCI" or "the company") and revised its
outlook to stable from positive. The B3 senior unsecured, Ba2
senior secured bank credit facility, and SGL-1 Speculative Grade
Liquidity ("SGL") ratings were also affirmed.

The outlook change to stable reflects our expectation that GCI's
credit profile will remain in line with its B2 CFR and that
leverage (Moody's adjusted) will remain above 4.2x for at least the
next two to three years. The updated roaming and backhaul
agreements with GCI's major roaming partners gives the company
long-term revenue and cost stability. However, these agreements in
conjunction with billing system conversion costs this year will
lower GCI's EBITDA trajectory for 2016, to which we forecast a 5%
year-over-year decrease. The company also anticipates selling a
majority of its urban wireless towers and rooftop locations in the
near future with expected total proceeds of approximately $90
million. The transaction will result in additional indebtedness on
the company's balance sheet equivalent to the sale price. We expect
leverage (Moody's adjusted) to peak at 4.6x by FYE2016 and to
steadily decrease over time.

Issuer: GCI, Inc.

Affirmations:

-- Probability of Default Rating, Affirmed B2-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-1

-- Corporate Family Rating, Affirmed B2

-- Gtd Senior Secured Bank Credit Facilities, Affirmed Ba2 (LGD2)

-- Senior Unsecured Regular Bond/Debenture, Affirmed B3 (LGD5)

Outlook Actions:

-- Outlook, Changed To Stable From Positive

RATINGS RATIONALE

GCI's B2 CFR is supported by its base of recurring revenues from
its position as a leading communications provider in the Alaskan
market with significant market share in each of its products and
its full ownership of Alaska's largest wireless network. For 2016,
EBITDA will slightly decrease due to billing system conversion
costs and updated roaming and backhaul agreements with its major
roaming partners. Capital spending will increase as GCI reinvests
the proceeds of its expected tower sale transaction back into the
business, resulting in $5 to $15 million of free cash flow. For
2017, capital spending will stabilize and GCI will generate modest
free cash flow, but we expect the bulk of excess cash will be
directed towards shareholders or acquisitions rather than
significant debt reduction. GCI's rating also reflects the
company's high leverage, relatively small scale, the competitive
environment in which it operates, and the capital intensity of the
business. The rating also recognizes the company's historically
shareholder-friendly financial policies and its reliance upon High
Cost Fund USF support for a little over 5% of its revenues.

GCI's SGL-1 speculative grade liquidity rating reflects Moody's
view that over the next six quarters to June 30, 2017, GCI will
have very good liquidity. With cash on hand of $27 million as of
December 31, 2015, the expectation for free cash flow generation
despite increased capital spending in 2016, and no meaningful near
term debt maturities (other than minimal scheduled debt
amortization), liquidity arrangements over the rolling six-quarter
forecasting horizon to June 30, 2017 are deemed to be very good.
The company's existing Senior Credit Facility, which currently has
$240 million drawn on its term loan and $22.5 million outstanding
on its revolver as of December 31, 2015, matures on April 30, 2018.
The next scheduled debt maturity is in June 2021 when $325 million
of senior unsecured notes mature.

The stable outlook reflects Moody's view that GCI's credit metrics
will remain in line with its B2 CFR. We expect the company to
remain free cash flow positive, but leverage (Moody's adjusted)
will spike to 4.6x (Moody's adjusted) and will remain above 4x for
at least the next two years.

Upward ratings pressure would develop if leverage (Moody's
adjusted) is likely to be maintained below 4.25x times and FCF/TD
is sustained at about 5%. Maintenance of a strong liquidity
position would also be a prerequisite.

The ratings may face downward pressure if GCI were to turn free
cash flow negative, if the company is involved in further material
debt-financed acquisition activity, or if liquidity becomes
strained. Specifically, if Debt/EBITDA (Moody's adjusted) moves
above 5.0x, a ratings downgrade would be likely.



GERMAN PELLETS: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: German Pellets Texas, LLC
        164 County Rd 1040
        Woodville, TX 75979

Case No.: 16-90127

Chapter 11 Petition Date: April 30, 2016

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

Judge: Hon. Bill Parker

Debtor's Counsel: William Steven Bryant, Esq.
                  LOCKE LORD LLP
                  600 Travis Street, Suite 2800
                  Houston, TX 77002
                  Tel: (713) 226-1489
                  Fax: (713) 223-3717
                  E-mail: sbryant@lockelord.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Peter H. Leibold, chief executive
officer.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
ADM Germany GmbH                       Trade Debt      $1,556,271
c/o Michael J. Walsh
Burke & Parsons
100 Park Avenue, 30th FL
New York, NY
10017-5533

CEM Machine, Inc.                     Trade Debt         $48,320

Cogbill Construction LLC              Trade Debt         $38,920

CPM Europe B.V.                       Trade Debt        $102,591

GreCon, Inc.                          Trade Debt         $29,989

GT Zesor AG                           Trade Debt         $53,927

Horizon Milling, LLC                  Trade Debt        $249,952

J.A.M. Distributing Co.               Trade Debt         $97,706

Jasper Oil Company                    Trade Debt         $45,999

MFC Commodities GmbH                  Litigation      $7,292,151
Ronald L. Oran Jr.
and Kip Brar
Strasburger & Price, LLP
909 Fannin Street, Suite 2300
Houston, TX 77010

Mill Master Machine Works, Inc.       Trade Debt         $31,518

NES Rentals - Nederland               Trade Debt         $36,328

Orrick, Herrington & Sutcliffe L      Trade Debt        $135,217

Port Arthur International             Trade Debt         $61,915

Sew-Eurodrive Inc.                    Trade Debt         $48,951

Springland Mfg.                       Trade Debt         $41,777

STIS, Inc.                            Trade Debt        $114,487

Tank Connection                       Trade Debt         $33,640
Affiliate Group

TSI Responsible                        Trade Debt        $258,595  
              
Innovation Suite 201 20818 44th
Ave West
Lynnwood, WA 98036

VecoPlan AG                            Trade Debt        $341,251
Vor der Bitz 10
Bad Marienberg, Germany 56470


GO DADDY: Moody's Affirms Ba3 Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service affirmed Go Daddy Operating Company,
LLC's Ba3 Corporate Family Rating (CFR), its Ba3-PD Probability of
Default rating, and the Ba3 ratings for the company's senior
secured credit facilities. Moody's also changed Go Daddy's ratings
outlook to positive, from stable, and affirmed the company's SGL-1
Speculative Grade Liquidity rating. The change in the ratings
outlook reflects Moody's expectations that Go Daddy's credit
metrics will continue to strengthen from solid revenue and free
cash flow growth. Moody's expects Go Daddy's revenues to grow by
about 14% and this will drive free cash flow to about 20% of total
adjusted debt over the next 12 to 18 months, from 15% in 2015.
Moody's expects Go Daddy's leverage (total debt to cash flow from
interest plus interest expense, Moody's adjusted) to progressively
decline toward 3x over this period.

Moody's took the following rating actions on Go Daddy Operating
Company, LLC:

Ratings Affirmed:

Issuer: Go Daddy Operating Company, LLC

Corporate Family Rating -- Ba3

Probability of Default Rating -- Ba3-PD

Speculative Grade Liquidity -- SGL-1

US$150 million Senior Secured Revolving Credit Facility, Ba3
(LGD3)

US$1,083 million (outstanding) Senior Secured Term Loan , Ba3
(LGD3)

Outlook Actions:

Outlook, Changed To Positive From Stable

RATINGS RATIONALE

The Ba3 CFR reflects Go Daddy's solid free cash flow and earnings
growth, moderate leverage, strong brand in the US market, and its
position as the largest domain name registrar and a leading
web-hosting services provider. The rating is further supported by
Go Daddy's recurring revenues from high customer retention rates
that have exceeded 85% over the last five years. Despite the strong
cash generation, the ratings are principally constrained by the
approximately 70% combined voting power of the company's financial
sponsors and Mr. Parsons. In Moody's view, the controlling
shareholders have significant influence on the company's financial
policies, which are likely to favor shareholders and increase the
risk of credit negative events. The rating also incorporates Go
Daddy's a highly competitive market for domain, web-hosting and
ancillary services.

The SGL-1 Speculative Grade Liquidity rating continues to reflect
Go Daddy's very good liquidity supported by cash and short term
investment balances of approximately $353 million, projected annual
free cash flow of at least $245 million, and full availability
under the $150 million revolving credit facility that expires in
May 2019.

Moody's could upgrade Go Daddy's ratings if the company maintains
strong earnings growth and the controlling shareholders
substantially reduce their voting control in the company. The
ratings could be upgraded if Moody's believes that Go Daddy could
sustain leverage (total debt to cash flow from operations plus
interest expense, and incorporating Moody's standard analytical
adjustments) below 3x.

Moody's could downgrade Go Daddy's ratings if revenue growth rates
decelerate to the mid-single digit rates, customer churn increases,
or aggressive financial policies lead Moody's to believe that
leverage (total debt to cash flow from interest plus interest
expense, Moody's adjusted) is unlikely to be sustained below 4x and
free cash flow to total debt declines to about 5% of total debt.

Headquartered in Scottsdale, AZ, Go Daddy is a leading provider of
domain name registration, web hosting, and on-demand services. The
company reported $1.6 billion in revenue under U.S. GAAP and about
$1.9 billion of bookings in 2015.



GOODRICH PETROLEUM: 341 Meeting of Creditors Set for May 16
-----------------------------------------------------------
The meeting of creditors of Goodrich Petroleum Corp. is set to be
held on May 16, 2016 at 2:00 p.m., according to a filing with the
U.S. Bankruptcy Court for the Southern District of Texas.

The meeting will take place at Suite 3401, 515 Rusk Avenue,
Houston, Texas.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

Separately, Goodrich Petroleum disclosed in a court filing its top
20 creditors holding the largest unsecured claims.  A copy of the
document is available for free at http://is.gd/R1rtZC

                          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.


GRAFTECH INTERNATIONAL: Reports $36.4 Million Net Loss for Q1
-------------------------------------------------------------
Graftech International Ltd. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $36.4 million on $125 million of net sales for the three months
ended March 31, 2016, compared to a net loss of $55.6 million on
$207 million of net sales for the three months ended March 31,
2015.

As of March 31, 2016, the Company had $1.40 billion in total
assets, $614 million in total liabilities and $786.79 million in
total stockholders' equity.

"We believe that we have adequate liquidity to meet our needs.  As
of March 31, 2016, we had cash and cash equivalents of $9.8
million, long-term debt of $360.0 million, short-term debt of $9.8
million and stockholder's equity of $787 million."

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

                        http://is.gd/OzYUdy

                           About Graftech
  
Graftech International Ltd. is a manufacturer of a broad range of
high quality graphite electrodes, products essential to the
production of electric arc furnace steel and various other ferrous
and nonferrous metals.

                             *    *    *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services said it lowered its corporate credit rating on
Independence, Ohio-based GrafTech International Ltd. two notches to
'CCC+' from 'B'.

Draftech carries a Ba3 corporate family rating from Moody's
Investors Service.


GRIZZLY CATTLE: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Grizzly Cattle, LLC.

In an April 28 filing with the U.S. Bankruptcy Court in Colorado,
the Office of the U.S. Trustee disclosed that "there were too few
unsecured creditors" who are willing to serve on a creditors'
committee.

                      About Grizzly Cattle

Grizzly Cattle, LLC, based in Johnstown, Colo., sought chapter 11
protections (Bankr. D. Colo. Case No. 16-12675) on Mar. 24, 2016,
and is represented by Robert Padjen, Esq., at Laufer and Padjan
LLC. At the time of the filing, the Debtor estimated assets and
debts of less than $10 million.  The Debtor's chapter 11 petition
was signed by Kirk A. Shiner, managing member.


GULFMARK OFFSHORE: Announces First Quarter 2016 Operating Results
-----------------------------------------------------------------
GulfMark Offshore, Inc., announced its results of operations for
the three-month period ended March 31, 2016.

For the first quarter ended March 31, 2016, revenue was $38.8
million, and net loss was $91.2 million, or $3.66 per diluted
share.  Included in the results are after-tax special items
described below that totaled $78.6 million or $3.16 per diluted
share.  Quarterly loss before these special items was $12.5 million
or $0.50 per diluted share.

Quintin Kneen, president and CEO, commented, "We are pleased to
have generated positive cash flow from operations despite difficult
market conditions.  Our team's ability to maintain marketed
utilization, implement operational efficiencies and manage working
capital continues to achieve our objective of generating positive
cash flow in each quarter of the downturn. Additionally, we
continue to reduce our future capital expenditures, and we have
less than $4 million of capital commitments remaining for 2016.  We
anticipate that the delivery of our first 300 Class Jones Act
vessel in the second quarter will improve cash flow throughout the
downturn.

"Continually positive cash flows allowed us to reduce our overall
debt and net debt positions during the quarter.  We purchased $20
million face value of our Senior Notes for approximately $10
million.  We will continue to look for ways to strengthen the
balance sheet as we prepare the Company for the future.
Importantly, we expect to be in compliance with our debt covenants
and maintain access to our revolving credit facilities through the
end of 2017.

"Each operating region continues to meet the challenges manifested
during this unprecedented time in the offshore industry.  We are
developing innovative ways to adapt our business to market
conditions while standing firm in our commitment to our customers,
safe operations and vessel reliability."

Cash provided by operating activities totaled $0.1 million in the
first quarter.  Cash on hand at March 31, 2016, was $19.7 million,
and $15.0 million was drawn on the revolving credit facilities.
Total debt at March 31, 2016, was $486.1 million, and debt net of
cash was $466.4 million.  Net debt was reduced by approximately
$2.2 million during the quarter.  Net debt to book capital was 42%
at the end of the quarter, and total liquidity (cash plus available
revolver) was approximately $175.0 million at March 31.

Net capital expenditures during the first quarter totaled $7.2
million, which included $6.9 million of payments on the
construction of new vessels and $0.3 million for vessel
enhancements and other capital expenditures.  As of March 31, 2016,
the Company had approximately $27 million of remaining capital
commitments that it cannot elect to forego, less than $4 million of
which is expected to be paid during the second quarter of 2016 and
the remainder during the first quarter of 2017.  The Company
expects to fund these commitments from cash on hand, cash generated
by operations, and borrowings under the revolving credit
facilities.

As of March 31, 2016, Gulfmark had $1.22 billion in total assets,
$611.50 million in total liabilities and $612.46 million in total
stockholders' equity.

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

                        http://is.gd/kxdUgb

                          About Gulfmark
  
GulfMark Offshore, Inc., a Delaware corporation, was incorporated
in 1996.  The Company provides offshore marine support and
transportation services primarily to companies involved in the
offshore exploration and production of oil and natural gas.  The
Company's vessels transport materials, supplies and personnel to
offshore facilities, and also move and position drilling and
production facilities.  The majority of our operations are
conducted in the North Sea, offshore Southeast Asia and offshore
the Americas.  The Company currently operates a fleet of 73 owned
or managed offshore supply vessels, or OSVs, in the following
regions: 30 vessels in the North Sea, 13 vessels offshore Southeast
Asia, and 30 vessels offshore the Americas.  The Company's fleet is
one of the world's youngest, largest and most geographically
balanced, high specification OSV fleets.  The Company's owned
vessels have an average age of approximately nine years.

Gulfmark reported a net loss of $215 million in 2015 following net
income of $62.4 million in 2014.

                              *    *     *

As reported by the TCR on March 15, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on Houston-based,
marine transportation services company GulfMark Offshore Inc. to
'CCC' from 'B-'.

The TCR also reported on Feb. 26, 2016, that Moody's Investors
Service downgraded GulfMark Offshore Inc.'s (GulfMark) Corporate
Family Rating (CFR) to Caa3 from B3, Probability of Default Rating
(PDR) to Caa3-PD from B3-PD, and senior unsecured notes to Ca from
Caa1.


GYMBOREE CORP: S&P Lowers CCR to 'CC', on CreditWatch Negative
--------------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on San Francisco-based children's apparel retailer The
Gymboree Corp. to 'CC' from 'CCC+' and placed it on CreditWatch
with negative implications.

S&P also lowered the issue-level rating on Gymboree's $400 million
senior unsecured notes (about $211 million outstanding) to 'C' from
'CCC-' and placed it on CreditWatch negative.  The '6' recovery
rating is unchanged on this debt issue and reflects S&P's
expectation for negligible (0% to 10%) recovery in the event of
default.

S&P affirmed its 'CCC+' issue-level rating on the company's $820
million senior secured term loan.  

"On April 26, 2016, Gymboree announced a cash tender offer to
redeem a portion of its remaining $211 million senior unsecured
notes.  The company expects total cash outlay of $40 million to pay
noteholders between $340 to $400 for each $1,000 principal amount
of notes.  We expect the settlement of the tender payment on or
around May 24, 2016," said credit analyst Samantha Stone. "Once the
tender offer is complete, we will lower the corporate credit rating
to 'SD' (selective default) and the issue-level ratings on the
senior unsecured notes to 'D' (default).  According to our
criteria, we view the below-par tender of debt as distressed and,
hence, a de facto restructuring and a default on the company's
obligations."

S&P is placing its ratings on CreditWatch with negative
implications because S&P expects to lower the issuer credit rating
to 'SD' and the rating on the senior notes to 'D' when the tender
offer occurs.

S&P plans to update the recovery ratings on the remaining senior
notes when S&P has more information about the company's post-tender
offer capital structure, liquidity assessment, and earnings
profile.


HECK ENTERPRISES: Case Summary & 2 Unsecured Creditors
------------------------------------------------------
Debtor: Heck Enterprises, Inc.
        5415 Choctaw Drive
        Baton Rouge, LA 70805

Case No.: 16-10514

Chapter 11 Petition Date: April 29, 2016

Court: United States Bankruptcy Court
       Middle District of Louisiana (Baton Rouge)

Judge: Hon. Douglas D. Dodd

Debtor's Counsel: Noel Steffes Melancon, Esq.
                  STEFFES, VINGIELLO & MCKENZIE, LLC
                  13702 Coursey Blvd., Building 3
                  Baton Rouge, LA 70817
                  Tel: 225-751-1751
                  Fax: 225-751-1998
                  E-mail: nmelancon@steffeslaw.com

                     - and -

                  Barbara B. Parsons, Esq.
                  STEFFES, VINGIELLO & MCKENZIE, LLC
                  13702 Coursey Boulevard, Building 3
                  Baton Rouge, LA 70817
                  Tel: 225-751-1751
                  Fax: 225-751-1998
                  E-mail: bparsons@steffeslaw.com

                     - and -
       
                  William E. Steffes, Esq.
                  STEFFES, VINGIELLO & MCKENZIE, LLC
                  13702 Coursey Boulevard
                  Building 3
                  Baton Rouge, LA 70817
                  Tel: 225-751-1751
                  Fax: 225-751-1998
                  E-mail: bsteffes@steffeslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wallace E. Heck, Jr., president and
chief executive officer.

A list of the Debtor's two largest unsecured creditors is available
for free at http://bankrupt.com/misc/lamb16-10514.pdf


HECK INDUSTRIES: Voluntary Chapter 11 Case Summary
--------------------------------------------------
Debtor: Heck Industries, Inc.
        5415 Choctaw Drive
        Baton Rouge, LA 70805

Case No.: 16-10516

Chapter 11 Petition Date: April 29, 2016

Court: United States Bankruptcy Court
       Middle District of Louisiana (Baton Rouge)

Judge: Hon. Douglas D. Dodd

Debtor's Counsel: Noel Steffes Melancon, Esq.
                  STEFFES, VINGIELLO & MCKENZIE, LLC
                  13702 Coursey Blvd., Building 3
                  Baton Rouge, LA 70817
                  Tel: 225-751-1751
                  Fax: 225-751-1998
                  E-mail: nmelancon@steffeslaw.com

                    - and -

                 Barbara B. Parsons, Esq.
                 STEFFES, VINGIELLO & MCKENZIE, LLC
                 13702 Coursey Boulevard, Building 3
                 Baton Rouge, LA 70817
                 Tel: 225-751-1751
                 Fax: 225-751-1998
                 E-mail: bparsons@steffeslaw.com

                   - and-

                 William E. Steffes, Esq.
                 STEFFES, VINGIELLO & MCKENZIE, LLC
                 13702 Coursey Boulevard, Building 3
                 Baton Rouge, LA 70817
                 Tel: 225-751-1751
                 Fax: 225-751-1998
                 E-mail: bsteffes@steffeslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Wallace E. Heck, Jr., president and
CEO.

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


HEYL & PATTERSON: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: Heyl & Patterson, Inc.
        400 Lydia Street
        Carnegie, PA 15106

Case No.: 16-21620

Chapter 11 Petition Date: April 29, 2016

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Judge: Hon. Carlota M. Bohm

Debtor's Counsel: George T. Snyder, Esq.
                  STONECIPHER LAW FIRM
                  125 First Avenue
                  Pittsburgh, PA 15222
                  Tel: 412-391-8510
                  Fax: 412-391-8522
                  Email: gsnyder@stonecipherlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John R. Edelman, CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/pawb16-21620.pdf


I.K.E. ELECTRIAL: Case Summary & 20 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor: I.K.E. Electrial Corporation
           dba IKE Electrical Corp.
        1 Closter Commons - Ste. 129
        Closter, NJ 07624

Case No.: 16-18212

Chapter 11 Petition Date: April 28, 2016

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

Judge: Hon. John K. Sherwood

Debtor's Counsel: David L. Stevens, Esq.
                  SCURA, WIGFIELD, HEYER & STEVENS, LLP
                  1599 Hamburg Turnpike
                  Wayne, NJ 07470
                  Tel: 973-696-8391
                  E-mail: dstevens@scuramealey.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Rebecca S. Adika, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/njb16-18212.pdf


INDRA HOLDINGS: Moody's Cuts Corporate Family Rating to Caa1
------------------------------------------------------------
Moody's Investors Service downgraded Indra Holdings Corp.'s
Corporate Family Rating to Caa1 from B2, Probability of Default
Rating to Caa1-PD from B2-PD, and the rating on the senior secured
first lien term loan to Caa1 from B2. The rating outlook is
stable.

The downgrade reflects Moody's expectations for continued high
leverage and weak liquidity, driven by earnings pressures primarily
from ongoing declines in the department store channel, increased
competition, foreign exchange headwinds and macroeconomic weakness
in Europe. Totes' management adjusted EBITDA has declined by 18%
from FYE July 2015 to the LTM period ended January 2016, resulting
in Moody's-adjusted debt/EBITDA of approximately 8 times and
EBITA/interest expense of low-1 times. The company is undertaking
initiatives to regain share with product innovation and better
wholesale account management and digital marketing, as well as to
cut costs through headcount reduction and streamlining its supply
chain. However, Moody's believes that in the near term these
efforts will be more than offset by the challenging retail
environment, resulting in additional earnings declines in the next
12-18 months and high-8 times debt/EBITDA. Even though the company
has several years to improve operations before having to address
its maturities, Moody's anticipates that generating strong earnings
growth in Totes' mature and commoditized categories amid a highly
promotional environment and a channel shift to e-commerce will be
challenging.

In addition, even though the company has a springing covenant-only
capital structure and no maturities until 2019, Moody's expects
liquidity to be weak in the next 12-18 months. Following nominally
positive free cash flow generation in FYE July 2015 and in the LTM
period ended January 2016, Moody's anticipates free cash flow to be
breakeven and revolver availability to be constrained in the near
term.

Moody's took the following rating actions on Indra Holdings Corp.:

-- Corporate Family Rating, downgraded to Caa1 from B2;

-- Probability of Default Rating, downgraded to Caa1-PD from B2-
    PD;

-- $245 million first lien senior secured term loan due 2021,
    downgraded to Caa1 (LGD4) from B2 (LGD3);

-- Stable outlook

RATINGS RATIONALE

The Caa1 CFR reflects the company's weak liquidity and high
leverage as a result of deteriorating operating performance. North
American revenue has declined 10% and management adjusted EBITDA by
38% on a cumulative basis since FYE 2013, as a result of ongoing
declines in the U.S. department store channel and increased
competition in the highly commoditized cold weather and rain
categories. Totes' international business, which represents
approximately a quarter of revenues and was a source of growth in
the past, has also declined due to macroeconomic weakness and
higher competition as well as the negative impact from the strong
U.S. dollar. The rating also reflects Totes' weak liquidity
profile, including expectations for nominal free cash flow,
constrained ABL revolver availability and highly seasonal
operations. The rating is supported by the company's low fashion
risk, well-recognized brands in niche product categories,
established presence across diversified distribution channels and
geographic diversification.The ratings could be downgraded if
earnings decline more than anticipated, liquidity deteriorates
including negative free cash flow generation, or the probability of
a default increases.

The ratings could be upgraded if revenue and earnings improve such
that debt/EBITDA declines below 7 times and the company improves
its liquidity profile including the level of free cash flow.

Based in Cincinnati, Ohio, Totes is an international designer,
marketer, and distributor of cold and wet weather accessories,
slippers, sandals, headwear, and sunglasses with net revenues of
approximately $320 million for the twelve months ended January
2016. The company distributes umbrellas and related products
primarily under the "totes" and "Raines" brands, cold-weather
products including gloves and hats under the "Isotoner",
"Woolrich", "Manzella", "Grandoe" and C9 brands, and slippers and
sandals, under the "Isotoner" and "Acorn" brands as well as private
labels. The company has been controlled by Freeman Spogli & Co. and
Investcorp since May 2014. Totes' fiscal year ends on July 31.


INSTITUTE OF CARDIOVASCULAR: Insists FCA Suit Subject to Stay
-------------------------------------------------------------
Nathan Hale, writing for Bankruptcy Law360, reported that Institute
of Cardiovascular Excellence PLLC, which is facing a False Claims
Act suit, has asked U.S. District Judge Roy B. Dalton Jr. of the
Middle District of Florida to reconsider an order not to apply an
automatic bankruptcy stay, saying the court violated its due
process rights by not considering a response it was entitled to
file.  

The case is, UNITED STATES OF AMERICA ex rel. ROBERT A. GREEN;
HOLLY A. TAYLOR; and STATE OF FLORIDA, Plaintiffs, v. INSTITUTE OF
CARDIOVASCULAR EXCELLENCE, PLLC; ICE HOLDINGS, PLLC; ASAD ULLAH
QAMAR; and HUMERA A. QAMAR, Defendants, Case No.
5:11-cv-406-Oc-37TBS (M.D. Fla.).

On July 15, 2011, Relator Robert A. Green filed a qui tam action
against Defendants for alleged violations of the False Claims Act
(the "Act"), 31 U.S.C. Sec. 3279.  On June 13, 2014, Relator Holly
A. Taylor filed a similar qui tam case against Asad Qamar and the
Institute of Cardiovascular Excellence.

On December 22, 2014, the United States intervened in both cases,
and on April 9, 2015, the cases were consolidated.

On April 20, 2015, the Government filed a seven-count consolidated
complaint, alleging, inter alia, four violations of the Act.

Institute of Cardiovascular Excellence, PLLC, based in Ocala,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
16-01491) on April 20, 2016.

Aaron A Wernick, Esq., at Furr & Cohen, PA, serves as counsel to
the Debtor.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$10 million to $50 million in liabilities.  The petition was signed
by Asad Qamar, manager.


JACKSON MASONRY: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Jackson Masonry, LLC.

Jackson Masonry, LLC, sought protection under Chapter 11 of the
Bankruptcy Code in the U.S. Bankruptcy Court for the Middle
District of Tennessee (Nashville) (Case No. 16-02065) on March 24,
2016. The petition was signed by Rogers Jackson, member.

The Debtor is represented by Griffin S. Dunham, Esq., at Dunham
Hildebrand, PLLC. The case is assigned to Judge Keith M. Lundin.

The Debtor estimated both assets and liabilities in the range of $1
million to $10 million.


JUMIO INC: Delays Auction Amid Multiple Bidders
-----------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reported that the
sale of Jumio Inc. has been delayed by a week so the company can
continue talks with multiple potential bidders, an attorney said on
April 29 at a status conference on the company's Chapter 11 case.

During the hearing in Wilmington, Delaware, Adam Landis of Landis
Rath & Cobb LLP said on behalf of Jumio that the company needs more
time because an unexpectedly large number of bidders have shown
interest in buying the company.

Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that Jumio Inc. will head to the auction block after a
bankruptcy judge approved a hurried sale process that has prompted
spirited opposition from a group of the company's shareholders.
According to the report, Judge Brendan Shannon of the U.S.
Bankruptcy Court in Wilmington, Del., signed off on the sale on
April 21 after the identity verification business and its
shareholders reached a deal that pushes back some of the most
contentious issues surrounding the sale until after the auction.

As previously reported by The Troubled Company Reporter, Jumio on
March 21 disclosed that it has agreed to sell substantially all its
assets to Jumio Acquisition, LLC, an entity formed by Eduardo
Saverin.  An early backer of Jumio, Mr. Saverin remains a
significant stockholder and secured debt holder of the company.

Jumio Acquisition will serve as the "stalking horse bidder" in a
court-supervised auction process.  Accordingly, the asset purchase
agreement is subject to higher and otherwise better offers, among
other conditions.  If Jumio Acquisition prevails, it intends to
make employment offers to Jumio's existing team to enable the
business to run in a seamless manner for the benefit of customers,
employees, partners and other stakeholders.

Jumio Acquisition has indicated in a court filing that it is
willing to acquire the Company and preserve the business, but not
if its principal will be subject to frivolous litigation on
meritless claims.  It argued that none of the objections raised by
the official committee of equity holders or its members to the sale
has merit. Among others, the stalking horse buyer said because the
Equity Committee is comprised principally of common stock holders
who sit behind approximately $61 million of preferred equity and
are hopelessly out of the money, they are -- and have throughout
this process been -- seeking to extort value to which they are not
entitled, and to do so are willing to jeopardize the survival of
the Company and the hundreds of jobs it supports.

The proposed buyer also argued that "The suggestion that the
Company may have a claim against Mr. Saverin because he somehow
harmed the Company is preposterous. Mr. Saverin has repeatedly and
consistently funded and saved this Company. He is willing to do so
again, but not if he is also required to litigate spurious claims
from other equity holders, most of whom are hopelessly out of the
money."

Counsel for Eduardo Saverin and Jumio Acquisition, LLC:

     YOUNG CONAWAY STARGATT & TAYLOR, LLP
     Michael R. Nestor, Esq.
     Sean M. Beach, Esq.
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Telephone: (302) 571-6600
     Facsimile: (302) 571-1253
     E-Mail: mnestor@ycst.com
             sbeach@ycst.com

          - and -

     Peter M. Gilhuly, Esq.
     Ted A. Dillman, Esq.
     LATHAM & WATKINS LLP
     355 South Grand Avenue
     Los Angeles, CA 90071-1560
     Telephone: (213) 485-1234
     Facsimile: (213) 891-8763
     E-Mail: peter.gilhuly@lw.com
             ted.dillman@lw.com

                            About Jumio

Headquartered in Palo Alto, California, Jumio is an online and
mobile identity management and credentials authentication company.
Its customers include, among others, Airbnb, United Airlines,
WorldRemit, EasyJet, and Duolingo.  Jumio has operations in the
United States, Europe and India.  Jumio employs 43 individuals.

Jumio Inc. filed a Chapter 11 bankruptcy petition (Bankr. D. Del.
Case No. 16-10682) on March 21, 2016.  The petition was signed by
Stephen Stuut as chief financial officer.  The Debtor estimated
assets in the range of $1 million to $10 million and debts of up
to
$50 million.  Judge Brendan Linehan Shannon has been assigned the
case.

The Debtor has engaged Landis Rath & Cobb LLP as bankruptcy
counsel, Wilmer Cutler Pickering Hale and Dorr LLP as special
corporate counsel, Ernst & Young LLP as financial advisor, Sagent
Advisors, LLC as investment banker, Cooley LLP as special SEC
counsel and Rust Consulting/Omni Bankruptcy as claims and noticing
agent.


KAISER ALUMINUM: S&P Alters Outlook to Positive & Affirms 'BB' CCR
------------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its rating
outlook on Kaiser Aluminum Corp. to positive from stable and
affirmed its 'BB' corporate credit rating on the company.

S&P also assigned its 'BB' issue-level rating to the company's
proposed $325 million senior unsecured notes, with a recovery
rating of '3', indicating S&P's expectation for meaningful (lower
half of the 50% to 70% range) recovery in the event of payment
default.

"The positive outlook reflects our expectations that favorable
long-term trends in end-markets, specifically, automotive and
aerospace, will support profitability and free cash flow generation
over the next 12 months," said Standard & Poor's credit analyst
Patricia Mendonca.  "In addition, we believe that the company's
recent capacity expansion at Trentwood and various upgrades at
other facilities should improve operational efficiency.  We expect
Kaiser to produce debt to EBITDA of about 2.5x, and FFO to debt of
about 35% in 2016.  We also expect management to prudently manage
growth and shareholder-friendly initiatives while maintaining a
strong liquidity profile."

S&P could raise the rating over the next 12 months if Kaiser
maintains its leverage ratio below 3x and FFO to debt above 30%,
while at the same time maintaining stable EBITDA margins at about
15%, which would indicate that the volatility of profitability is
reduced and could lead us to revise the business risk profile to
fair (compared with the current assessment of weak).

A negative rating action would likely result from a deterioration
in operating conditions from current levels or a debt-financed
acquisition, leading to a leverage ratio approaching or exceeding
3x or FFO to debt about 30% without near-term prospects for
improvement.  This could also occur if Kaiser were to pursue a
debt-funded acquisition or overly shareholder-friendly rewards,
such as special dividends.  Consequently, S&P would bring the
outlook back to stable.



KALOBIOS PHARMA: Court Extends Plan Exclusivity Thru July 26
------------------------------------------------------------
At the behest of KaloBios Pharmaceuticals, Inc., the Delaware
bankruptcy court extended the period during which the Debtor has
the exclusive right to file a chapter 11 plan by approximately 90
days through and including July 26, 2016, and extending the period
during which the Debtor has the exclusive right to solicit
acceptances thereof through and including September 25, 2016.

The Debtor explains that it is required by the letter of interest
with Savant Neglected Diseases, LLC, and the Amended Letter of
Intent and annexed Amended Term Sheet, each dated March 18, 2016 --
Stalking Horse LOI -- by and between the Debtor, Black Horse
Capital LP, Black Horse Capital Master Fund Ltd., Cheval Holdings,
Ltd. and Nomis Bay LTD to emerge from bankruptcy on or before June
30th.   

The Debtor has filed a disclosure statement and Chapter 11 plan,
and seeking for the disclosure statement to be heard on May 6, with
a confirmation hearing on June 14 and 15.  Consequently, the Debtor
seeks an extension of the Exclusive Periods to allow the Debtor to
seek approval of the disclosure statement and chapter 11 plan and
exit from bankruptcy.  

Since the Petition Date, the Debtor has focused its efforts
principally on procuring debtor-in-possession financing and exit
financing, seeking approval of a letter of intent with Savant and
working toward a definitive agreement related thereto, preparing
its schedules of assets and liabilities and statements of financial
affairs,  and establishing a claims administration process, while
simultaneously defending itself against an adversary proceeding and
numerous objections by the so-called PIPE Investors.

The Debtor is seeking to acquire from Savant the regulatory and
non-intellectual property assets and obtain an exclusive license
from Savant of the intellectual property assets of the worldwide
rights in and relating to the drug benznidazole for human use.  The
Bankruptcy Court approved the Debtor's entry into the Savant LOI on
February 26, 2016, which obligates the Debtor to, among other
things, emerge from bankruptcy on or before June 30, 2016.

The Savant LOI requires that the Debtor emerge from bankruptcy with
at least $10 million of unencumbered cash.  To that end, it is
necessary for the Debtor to secure additional financing prior to
its emergence from bankruptcy.

On March 23, 2016, the Court entered an order (i) approving the
Debtor's entry into the Stalking Horse LOI; (ii) approving the
bidding and auction procedures annexed thereto to govern the
submission and consideration of competing plan proposals for
Primary Plan Transactions -- as defined in the Stalking Horse LOI
-- and supplemental plan sponsorship proposals for Secondary Plan
Transactions, (iii) approving and authorizing the breakup fee
contained in the Stalking Horse LOI provided that the parties
complete and execute the loan and exit financing documents on or
before April 7, 2016, (iv) scheduling and authorizing the Debtor to
conduct an auction for Plan Transactions, (v) approving notice of
the Bidding Procedures and related noticing procedures, and (vi)
granting related relief.

The Stalking Horse LOI offers $3 million in DIP financing to
provide the Debtor with funds necessary to operate its business
until confirmation of a plan and $11 million in exit financing to
facilitate consummation of the Savant Transaction as well as
consummation of a plan of reorganization.

On April 1, 2016, in accordance with the Bid Procedures Order, the
Debtor and the Stalking Horse executed (i) a Debtor in Possession
Credit and Security Agreement, (ii) a Securities Purchase
Agreement, and (iii) certain other documents related thereto.  The
Debtor has filed papers seeking approval of the DIP Credit
Agreement and SPA.

The Stalking Horse LOI requires that the Court enter orders,
acceptable to the Lender, approving the disclosure statement on or
before May 13, 2016, and confirming a plan on or before June 15,
2016, which plan will become effective on or before June 30, 2016.

Absent an extension, the Exclusive Periods were scheduled to
terminate on April 27, 2016, and June 27, 2016, respectively.

                 About KaloBios Pharmaceuticals

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

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

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

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

No trustee, examiner or committee has been appointed in this
chapter 11 case.


LEHMAN BROTHERS: Hughes Hubbard Fees Reach $371M
------------------------------------------------
Jonathan Randles, writing for Bankruptcy Law360, reported that
Hughes Hubbard & Reed LLP's fees for overseeing the liquidation of
Lehman Brothers' failed brokerage firm have topped $371.5 million,
according to papers filed in New York federal court.  The firm has
served as counsel for Lehman Brothers Inc.'s court-appointed
trustee James Giddens, chair of Hughes Hubbard's corporate
reorganization and bankruptcy group. The law firm submitted its
20th application for interim compensation seeking more than $6.5
million for work performed.

                     About Lehman Brothers

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

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

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

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

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

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

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

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

                          *     *     *

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

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


LEHMAN BROTHERS: Trustee Plans 4th Distribution to Creditors
------------------------------------------------------------
James W. Giddens, Trustee for the liquidation of Lehman Brothers
Inc. (LBI) under the Securities Investor Protection Act and chair
of the Hughes Hubbard & Reed LLP Corporate Reorganization and
Bankruptcy Group, on April 28 filed the 14[th] interim report on
the LBI liquidation with the Bankruptcy Court, which noted that the
estate has entered a stage of substantial completion and that
conditions allow for a potential fourth interim distribution to
unsecured general creditors with allowed claims.  If approved by
the Court, the distribution would bring the cumulative payout to
unsecured general creditors to 38 percent. The exact dollar amount
of the distribution is not yet final.

The report also detailed further strides in winding-down the
estate, with just 444 unresolved claims capped in an aggregate
amount of $857 million left compared to 15,000 general creditor
claims asserted in the aggregate amount of nearly $130 billion at
the outset.  The discrete set of claims disputes remaining are in
advanced stages of litigation, and the Trustee continues to make
every effort to resolve the disputes consensually or otherwise. The
Trustee will also continue to evaluate the possibility of
additional distributions every six months and anticipates further
distributions in the future.

"With the potential for a fourth distribution, the amount returned
to general creditors continues to exceed all expectations, and
there will be more to come," Mr. Giddens said.  "This distribution
and the progress made on claims are the result of painstaking
recovery efforts, litigation and negotiation, and we are pressing
to resolve all outstanding issues fairly and equitably so we can
close out the estate."

The Trustee intends to file a motion with the court in May seeking
approval for the distribution, and, if approved, plans to make the
distribution in July.  To date, distributions to all creditors,
including unsecured, secured, priority, and administrative
creditors, total more than $8 billion.

In total, customers have received more than $106 billion, fully
satisfying the 111,000 customer claims, with most claims fulfilled
within weeks of the liquidation.  Secured, priority, and
administrative creditors have also received 100 percent
distributions.  Together, the LBI customer and creditor
distributions represent the largest distributions across the
worldwide Lehman insolvency proceedings.

The progress in the LBI liquidation would not have been possible
without the assistance of the Securities Investor Protection
Corporation and the Securities and Exchange Commission, the
oversight of United States Bankruptcy Court, the Honorable Shelley
C. Chapman, presiding, and the success of the Trustee's
professionals at Hughes Hubbard & Reed LLP and Deloitte & Touche
LLP.

                     About Lehman Brothers

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

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

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

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

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

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

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

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

                          *     *     *

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

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


LEHMAN BROTHERS: Trustee Seeks 4th Payout to Unsecured Creditors
----------------------------------------------------------------
Patrick Fitzgerald, writing for Dow Jones' Daily Bankruptcy Review,
reported that the trustee in charge of Lehman Brothers Inc. on
April 28 sought court approval to make his fourth distribution to
the defunct brokerage's unsecured creditors, boosting their
recovery to 38 cents on the dollar.

According to the report, trustee James Giddens said he's close to
finishing winding down Lehman's broker-dealer business more than
seven years after the bank collapsed.  Previously, creditors'
recovery was pegged at 35 cents on the dollar, the report noted.

"With the potential for a fourth distribution, the amount returned
to general creditors continues to exceed all expectations, and
there will be more to come," Mr. Giddens told the DBR.  "We are
pressing to resolve all outstanding issues fairly and equitably so
we can close out the estate."

Mr. Giddens, who already has returned $7.8 billion to the
brokerage's creditors, says he hasn't calculated the exact amount
he expects to pay out, the report related.  With $1.47 billion in
the estate's coffers, he estimates it will another 3 cents,
bringing the recovery rate to 38 cents on the dollar, the report
further related.

                     About Lehman Brothers

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

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

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

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

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

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

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

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

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

                          *     *     *

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

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


LIBERTY ASSET: U.S. Trustee Forms 3-Member Committee
----------------------------------------------------
The Office of the U.S. Trustee on April 27 appointed three
creditors of Liberty Asset Management Corp. to serve on the
official committee of unsecured creditors.

The committee members are:

     (1) JD Brothers LLC
         3555 S. El Camino Real, #225
         San Mateo, CA 94403-3415
         Phone: (650) 867-0599
         Huangw_94143@yahoo.com

         Representative: C. Alex Naegele, Esq.
         (5 South Market Street, Suite 300
         San Jose, CA 95113
         Phone: (408) 995-3224
         Fax: (408) 890-4645
         alex@canlawcorp.com
  
     (2) Faith Hope International Ltd.
         One Montgomery Street, Suite 3000
         San Francisco, CA 94104
         Phone: (650) 815-1947
         Lee.hsinchih@gmail.com

         Representative: James S. Yan, Esq.
         980 S. Arroyo Parkway
         Pasadena, CA 91105
         Phone: (626) 405-0872
         Fax: (626) 405-0970
         Jsyan@msn.com

     (3) Richbest Holding LLC
         Attn: Minyu Jessica Chang
         803 Pilgram Loop
         Fremont, CA 94539
         Phone: (510) 366-9980
         Jessicamchang9@gmail.com

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

                       About Liberty Asset

West Covina, California-based Liberty Asset Management Corporation
filed for Chapter 11 protection (Bankr. C.D. Calif. Case No.
16-13575) on March 21, 2016.  David B Golubchik, Esq., at Leven
Neale Bender Yoo & Brill LLP, represents the Debtor in its
restructuring effort.  The Debtor estimated assets at $100 million
to $500 million and debts at $50 million to $100 million.  The
petition was signed by Benjamin Kirk, CEO.


LIVINGSTON INTERNATIONAL: S&P Affirms 'B' CCR; Outlook Negative
---------------------------------------------------------------
Standard & Poor's Ratings Services said it revised its outlook on
Livingston International Inc. to negative from stable.  At the same
time, Standard & Poor's affirmed its 'B' long-term corporate credit
rating on the company.

Standard & Poor's also affirmed its 'B' issue-level rating on the
company's first-lien debt and its 'CCC+' issue-level rating on
Livingston's second-lien debt.  The respective recovery ratings on
the debt are unchanged at '4', indicating average (30%-50%; higher
end of range) recovery, and '6', indicating negligible (0%-10%)
recovery in default.

"The outlook revision reflects the increased risk that Livingston's
credit measures will remain weak in the next 12 months, lower than
our previous forecasts, as cash flows are pressured due to a weaker
Canadian dollar leading to less activity in the Canadian segment,"
said Standard & Poor's credit analyst Aniki Saha-Yannopoulos.

Also, the weaker Canadian dollar has increased Livingston's
U.S.-denominated debt and slowed the pace of deleveraging and S&P
now expects it will take the company until 2017 to improve adjusted
debt-to-EBITDA to about 7.5x.  At the same time, S&P has revised
the company's liquidity to less than adequate from adequate, to
reflect Livingston's limited availability under the company's
revolver and tightening cushion under financial covenants.

S&P's weak business risk profile assessment on Livingston reflects
the company's dependence on the volume of crossborder trade between
Canada and the U.S., which is highly correlated to the economic
health of these countries.

In S&P's opinion, Livingston's customs brokerage services offer a
strong value proposition for companies looking to outsource this
noncore, complex process for a brokerage fee that is typically a
small fraction of the value of goods being shipped.  S&P expects
Livingston to continue to benefit from companies outsourcing its
customs-related functions as the complexity of international trade
regulations intensifies and the case for performing these functions
in-house weakens.  S&P believes these favorable industry
fundamentals should continue to support organic revenue growth in
the long term.

Standard & Poor's considers Livingston's financial risk profile
highly leveraged, as characterized by the company's financial
sponsor ownership and S&P's expectation that Livingston will
maintain high leverage ratios.

The negative outlook on Livingston reflects Standard & Poor's
expectation that the company's weaker cash flow will pressure the
company's credit measures to a higher degree than expected.  In
S&P's view, there is increased risk that Livingston's
debt-to-EBITDA will remain elevated above 7.5x over the next 12
months while liquidity and covenant cushion tightens through the
year.

S&P could consider a downgrade should adjusted EBITDA to interest
continue to remain below 2x at fiscal year-end 2016, with limited
prospects for improvement, and if both liquidity and covenant
cushions continue to tighten.  This could result from deteriorating
economic activity, debt-financed acquisitions, or operational
missteps, leading to weaker trade volumes.

S&P would revise the outlook to stable if the following occurs on a
sustained basis: EBITDA to interest coverage improves above 2x,
liquidity moves to adequate,' and the cushion under the company's
financial covenants improves above 15%.



MADISON COUNTY, MS: Ordered to Make Bond Payments
-------------------------------------------------
Dow Jones' Daily Bankruptcy Review, citing the Associated Press,
reported that Madison County, Miss., may appeal a federal judge's
order that it make $3.16 million in bond payments related to a
development project.

According to the report, U.S. District Court Judge Carlton Reeves
ordered Madison to reimburse a bond insurer Wednesday for a special
development district in the county that defaulted on its payments
when it failed to attract development.

The Troubled Company Reporter, on July 15, 2014, reported that
Standard & Poor's Ratings Services lowered its underlying rating
(SPUR) three notches to 'CC' from 'CCC' on Madison County, Miss.'s
series 2005 special assessment bonds, issued by the Parkway East
Public Improvement District.  The outlook is negative.

"The lowered rating reflects our view that the shortfall of
pledged revenues, combined with the county's lack of willingness
to contribute toward its deficiencies in revenues, could either
lead to another downgrade or a potential default by May 2015,"
said Standard & Poor's credit analyst Kate Choban.  "Should the
district repay the county for funds already appropriated in
accordance with the contribution agreement, we could revise the
outlook to stable," Ms. Choban added.

The bonds issued by the Parkway East Public Improvement District
were originally issued for infrastructure improvements in an
unincorporated portion of the county.

While the default on the series 2005 bonds has not yet occurred,
S&P feels that the ability and willingness of the county to not
reimburse the revenue or debt service reserve funds, or to cover
the current and future shortfalls based on the contribution
agreement, could cause a default on the bonds within the next nine
months.


MAGNUM HUNTER: Deregisters Securities Offerings
-----------------------------------------------
Magnum Hunter Resources Corporation filed with the U.S. Securities
and Exchange Commission several Post-Effective Amendments relating
to previously filed Registration Statements on Form S-8, to
deregister securities offerings.

"As a result of the Chapter 11 Cases, the Company has terminated
all offerings of securities pursuant to the Registration
Statements," the Company said.  "In accordance with an undertaking
made by the Company in the Registration Statements to remove from
registration, by means of a post-effective amendment, any of the
securities that had been registered for issuance that remain unsold
at the termination of such offering, the Company hereby removes
from registration all of such securities registered but unsold
under the Registration Statements."

Those Registration Statements include:

     * Registration No. 333-186674, filed on Form S-8 on February
14, 2013, pertaining to the registration of 7,500,000 shares of
common stock ("Shares") issued or issuable under the Magnum Hunter
Resources Corporation Amended and Restated Stock Incentive Plan, as
amended (the "Plan");

     * Registration No. 333-177488, filed on Form S-8 on October
24, 2011, pertaining to the registration of 5,000,000 Shares issued
or issuable under the Plan;

     * Registration No. 333-171168, filed on Form S-8 on December
15, 2010, pertaining to the registration of 9,000,000 Shares issued
or issuable under the Plan;

     * Registration No. 333-169814, filed on Form S-8 on October
7, 2010, pertaining to the registration of 3,000,000 Shares issued
or issuable under the Magnum Hunter Resources Corporation 401(k)
Employee Stock Ownership Plan

     * Registration No. 333-168802, filed on Form S-8 on August 12,
2010, pertaining to the registration of 6,000,000 Shares issued or
issuable under the Magnum Hunter Resources Corporation 2006 Stock
Incentive Plan.

     * Registration No. 333-180603, filed on Form S-3 on April 5,
2012, pertaining to the registration of 296,859 shares of common
stock of the Company.

     * Registration No. 333-197859, filed on Form S-3 on August 5,
2014, pertaining to the registration of an unspecified amount of
issued or issuable debt securities, common stock, preferred stock,
depositary shares, warrants, and guarantees of debt securities.

                        About Magnum Hunter

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

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

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

The U.S. Trustee has named three members to the Official Committee
of Unsecured Creditors.  The Committee retains Ropes & Gray LLP as
counsel, Cole Schotz P.C. as Delaware co-counsel, and Berkeley
Research Group, LLC as its financial advisor.

                            *     *     *

Bankruptcy Judge Gross on April 18, 2016, issued findings of fact,
conclusions of law, and order confirming Magnum Hunter Resources
Corporation, et al.'s Third Amended Joint Chapter 11 Plan of
Reorganization.  The key element of the Plan is the agreement of
creditors to convert their pre- and postpetition funded debt
claims, including the DIP facility claims of up to $200 million,
second lien claims of $336.6 million, and note claims of $600
million, into new common equity.  Specifically, the DIP Facility
Lenders shall receive their pro rata share of 28.8 percent of the
new common equity, the second lien lenders will receive their Pro
Rata share of 36.87 percent of the New Common Equity, and the
Noteholders shall receive their Pro Rata share of 31.33 percent of
the New Common Equity (all of which is subject to dilution by the
Management Incentive Plan).  Moreover, the holders of the equipment
and real estate notes with principal totaling $13.2 million will
have their claims
reinstated.

The holders of general unsecured claims will receive their pro rata
share of the unsecured creditor cash pool.  It is currently
intended that the unsecured creditor cash pool will be $20,000,000,
which amount may be subject to the costs of any professional fees
or other expenses incurred as part of the claims reconciliation
process.


MCDERMOTT INTERNATIONAL: S&P Affirms 'B+' CCR, Outlook Stable
-------------------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed the
ratings including the 'B+' corporate credit rating on Texas-based
McDermott International Inc.  S&P also affirmed the ratings on the
company's subsidiary McDermott Finance LLC.  The outlook remains
stable.

"Our base-case scenario assumes that there will be supportive
demand for offshore oil and gas services and construction on a
global basis during the next year," said Standard & Poor's credit
analyst Michael Durand.  "However, the continued weakness of oil
prices has led to uncertainty surrounding the major integrated and
national oil and gas companies' future capital spending and the
timing of their project awards."  Thus far, industry capital
expenditure cuts have mostly impacted new (greenfield) developments
and deepwater subsea projects.  Offshore developments, especially
brownfield -- which account for over 50% of McDermott's
revenue--have been less affected by lower energy prices.  Although
we expect that the timing of new project awards will be volatile,
the company's backlog of projects -- totaling $4.2 billion as of
Dec. 31, 2015 (up from $3.6 billion in 2014) -- should support
steady EBITDA generation in 2016.

The stable outlook reflects that, given McDermott's current backlog
and its exposure to offshore brownfield developments (which have
existing facilities and are less affected by low oil prices), S&P
expects the company's operating performance to remain relatively
stable in 2016.  Based on the company's current capital expenditure
plans, S&P anticipates that its FOCF will remain negative in 2016.

S&P could raise its ratings on McDermott in the next year if the
company is able to continue to execute its business improvement
initiatives and stabilize and improve its profitability and
operating performance.  Specifically, S&P could raise the ratings
if McDermott's debt-to-EBITDA metric remains comfortably below 4x,
it maintains liquidity at levels that are commensurate with an
adequate liquidity assessment or better, and the company generates
positive cash flow from its operations.

S&P could lower its rating on McDermott in the next year if its
operating performance fails to improve as S&P expects it to,
causing the company's cash flow from operations to turn negative
and increasing its debt-to-EBITDA metric above 5.5x for a sustained
period.  S&P believes that this could occur if the company
experiences delays or underperforms on a number of its contracts in
2016.


MCGRAW-HILL GLOBAL: S&P Lowers Rating on New Loans to B+
--------------------------------------------------------
Standard & Poor's Ratings Services downgraded its issue level
rating on New York City-based McGraw-Hill Global Education Holdings
LLC's (MHGE) proposed senior secured credit facility  to 'B+' from
'BB-', and lowered the recovery rating '2' from '1', indicating
S&P's expectations for significant (70% to 90%; upper half of the
range) recovery in the event of  a payment default. The rating
action follows the company's plan to upsize its term loan to $1.575
billion from $1.305 billion and to downsize its proposed senior
unsecured notes to $400 million from $670 million. The revision to
the senior secured credit facility ratings reflects S&P's higher
estimate of first-lien debt and lower recovery prospects for senior
secured credit facility lenders under S&P's simulated default
scenario.

All other ratings, including the 'B' corporate credit rating, and
stable outlook, on the company remain unchanged.

The new debt refinancing now consists of a proposed $1.925 billion
senior secured credit facility, which includes a $350 million
revolving credit facility due 2021 and a $1.575 billion first-lien
term loan due 2022, and proposed $400 million senior notes due
2024.  S&P expects the proceeds of the senior secured term loan and
the senior unsecured notes and about $90 million in cash will be
used to refinance existing debt issued at MHGE and McGraw-Hill
School Education Holdings LLC (MHSE), and to fund a $300 million
dividend.  Pro forma for the proposed refinancing and dividend,
total reported debt outstanding is approximately $2.5 billion.

RATINGS LIST

McGraw-Hill Global Education Holdings LLC
Corporate Credit Rating                       B/Stable/--

Downgraded; Recovery Rating Revised

McGraw-Hill Global Education Holdings LLC
                                               To       From
Senior Secured                                B+       BB-
  Recovery Rating                              2H        1



MCGRAW-HILL GLOBAL: Upsized Term Loan No Impact on Moody's Ratings
------------------------------------------------------------------
Moody's Investors Service says McGraw-Hill Global Education
Holdings, LLC's upsize of the Ba3 rated senior secured term loan to
$1.575 billion from $1.305 billion and the downsize of its B3 rated
senior unsecured notes to $400 million from $670 million will not
impact the ratings. The corporate family rating at the parent
company, MHGE Parent, LLC, will also remain unchanged at B2 and the
senior unsecured notes issued at MHGE Parent will remain unchanged
at Caa1. The change in the debt structure is expected to lead to
approximately $8 million in annual interest expense savings.

MHGE Parent, LLC, headquartered in New York, NY, is a global
provider of educational materials and learning services targeting
the higher education, K-12, professional learning and information
markets with content, tools and services delivered via digital,
print and hybrid offerings. A subsidiary of a publishing company
that was formed in 1909, MHGE is one of the three largest U.S.
publishers focusing on the higher education and K-12 markets. The
company was acquired by funds affiliated with Apollo Global
Management, LLC in March 2013 for a combined $2.4 billion purchase
price and is a wholly-owned subsidiary of MHE US Holdings, LLC. The
company reported revenues of $1.8 billion for FY 2015.



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

     Debtor                                             Case No.
     ------                                             --------
     Midstates Petroleum Company, Inc.                  16-32237
     321 South Boston, Suite 1000
     Tulsa, OK 74103

     Midstates Petroleum Company LLC                    16-32238

Case No.: 16-32237

Type of Business: Engaged in the exploration, development, and
                  production of oil and natural gas

Chapter 11 Petition Date: April 30, 2016

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

Judge: Hon. David R Jones

Debtors' Counsel: Edward O. Sassower, P.C.
                  Joshua A. Sussberg, P.C.
                  Jason Gott, Esq.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  300 North LaSalle
                  Chicago, Illinois 60654
                  Tel: (312) 862-2000
                  Fax: (312) 862-2200
                  E-mail: edward.sassower@kirkland.com
                         joshua.sussberg@kirkland.com

                    - and -

                  James H.M. Sprayregen, P.C.
                  William A. Guerrieri, Esq.
                  Jason Gott, Esq.
                  KIRKLAND & ELLIS LLP
                  KIRKLAND & ELLIS INTERNATIONAL LLP
                  300 North LaSalle
                  Chicago, Illinois 60654
                  Tel: (312) 862-2000
                  Fax: (312) 862-2200
                  E-mail: james.sprayregen@kirkland.com
                          will.guerrieri@kirkland.com
                          jason.gott@kirkland.com

Debtors' Local   Matthew D Cavenaugh, Esq.
Counsel:         Patricia B. Tomasco, Esq.
                 Jennifer F. Wertz, Esq.
                 JACKSON WALKER LLP
                 1401 McKinney Street, Ste 1900
                 Houston, TX 77010
                 Tel: 713-752-4200
                 E-mail: mcavenaugh@jw.com
                         ptomasco@jw.com
                         jwertz@jw.com

Debtors'         
Financial
Advisor:         HURON CONSULTING SERVICES LLC

Debtors'         
Investment
Banker:          EVERCORE GROUP L.L.C.  

Debtors'         
Notice
and Claims
Agent:           KURTZMAN CARSON CONSULTANTS LLC

Total Assets: $679 million as of December 31, 2015

Total Debts: $2 billion as of December 31, 2015

The petition was signed by Nelson M. Haight, executive vice
president and chief financial officer.

List of Debtors' 50 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Wells Fargo Bank, National           2021 Senior     $361,099,049
Association                            Notes
750 N. Saint Paul Place
Suite 1750
Dallas, TX 75201
Tel: 214-756-7430
Fax: 214-256-7401
E-mail: patrick.giordano@wellsfargo.com

Wells Fargo Bank, National           2020 Senior     $312,012,797
Association                             Notes
750 N. Saint Paul Place
Suite 1750
Dallas, TX 75201
Tel: 214-756-7430
Fax: 214-256-7401
E-mail: patrick.giordano@wellsfargo.com

Felderhoff Brothers Drilling Co.        Trade          $1,293,792
P.O. Box 1299
Gainesville, TX 76241
Tel: 940-668-5100
Fax: 281-372-3783
E-mail: Smahoney@completeproduction.com

Courson Oil & Gas Inc.                  Trade            $905,373
1800 S. Main Street
Perryton, TX 79070
Tel: 806-435-2910
Fax: 806-435-2540
E-mail: tambra@cog-nga.com

JD Rush Corporation                     Trade            $660,175
P.O. Box 201381
Dallas, TX 75320-1381
Tel: 281-558-8004
Fax: 281-558-8044
E-mail: finance@jdrushcorp.com

MRC Global (US) Inc.                    Trade            $636,619
835 Hillcrest Drive
Charleston, WV 25311
Tel: 800-624-8603
Fax: 304-455-1423

Integrity Directional Services LLC      Trade            $537,417
6701 Corporation Parkway
Suite 150
Fort Worth, TX 76126
Tel: 817-731-8881
Fax: 817-731-8885
E-mail: tcfpayments@triumphcf.com

MI Swaco                                Trade            $517,827
P.O. Box 73215
Dallas, TX 75373-2135
Tel: 318-233-1714
Fax: 832-295-2537

Marsau Enterprises, Inc.                  Trade          $502,389
1209 N. 30th Street
Enid, OK 73701
Tel: 580-233-3910
Fax: 580-233-3942

FTS International, Inc.                   Trade          $412,033
777 Main Street, Suite 2900
Fort Worth, TX 76102
Tel: 817-862-2000
Fax: 405-767-1288
E-mail: sales@ftsi.com

Weatherford U.S. L.P.                     Trade          $404,111
P.O. Box 301003
Dallas, TX 75303-10003
Tel: 337-365-4911
Fax: 337-534-8927

Global Vessel & Tank, LLC                 Trade          $399,025
P.O. Box 3307
Lafayette, LA 70502
Tel: 337-365-4911
Fax: 337-534-8927

Casedhole Solutions                       Trade          $280,800
1720 N. Airport Rod
P.O. Box 267
Weatherford, OK 73096
Tel: 580-772-3100
Fax: 701-572-4190
E-mail: ptharp@casedhole-solutions.com

Smith Energy Services, Inc.               Trade          $255,225
Dept. #999235
P.O. Box 4896
Houston, TX 77210-4896
Tel: 903-291-3711
Fax: 903-693-2372
E-mail: sandrews@sersi.com

Red Diamond Energy Services Inc.          Trade          $251,854
3210 W. Broadway Street
Sweet Water, TX 79556
Tel: 325-235-0053
Fax: 325-698-5858
E-mail: bstreet@reddiamondenergy.net

Gajeske, Inc.                             Trade          $239,098

Byrd Oilfield Service LLC                 Trade          $225,803
E-mail:
accountsreceivable@byrdoilfield.com

Simons Petroleum, LLC                     Trade          $215,903

Harmon's Electric Inc.                    Trade          $208,540
E-mail: chelsey.williams@harmonselec.com

Chesapeake Operating, Inc.                Trade          $202,019
E-mail: revenue.details@chk.com

Performance Wellhead & Frac               Trade          $176,305
Component                  
E-mail: accountsreceivable@pwfrac.com

O-Tex Pumping, LLC                        Trade          $157,433
E-mail: lori.bartling@otexpumping.com

Western Hot Oil Service Inc.              Trade          $147,428
E-mail: denissa@westernhotoil.com

Crall Products Company                    Trade          $145,595
E-mail: mikeprice@crallproducts.com

Peak Completions Technologies Inc.        Trade          $145,453
E-mail: leslie.chappell@peakcompletions.
com

Fusion Industries, LLC                    Trade          $141,098
E-mail: esommerhauser@fusion-ind.com

IHS Global Inc.                           Trade          $139,710
E-mail: remittanceadvice@ihs.com

Shorenstein Realty Services, L.P.         Trade          $135,216

Directional Fluid Disposals               Trade          $128,635
E-mail: michellgriffin@directional
fluiddisposal.com

Tetra Technologies, Inc.                  Trade          $128,037
E-mail: vkiss@tettratec.com

Black Diamond Oilfield Rentals LLC        Trade          $125,820
E-mail: mreyes@bdoilfield.com

Odessa Pumps & Equipment, Inc.            Trade          $125,330

F&S Trucking, Inc.                        Trade          $115,170
E-mail: arelyn_ar@fstruckinginc.com

Edge Services, Inc.                       Trade          $114,057
E-mail: tweder@edgedrillservices.com

Ulterra Drilling Technologies, Inc.       Trade          $113,852
E-mail: info@ulterra.com

Circle V Energy Services LLC              Trade          $111,124
Mvalencia@aerofund.com

Gulf Coast TMC, LLC                       Trade          $110,939
E-mail: mporta@gulfcoasttmc.com

Anadarko Dozer & Trucking                 Trade           $107,687

Wild Well Control, Inc.                   Trade           $107,343

Crain Energy Services                     Trade           $104,934

E-mail: amanda@texomamfg.com

Axip Energy Services LP                   Trade           $102,564

Ochiltree Apraisal District               Trade           $102,252

Service Compression LLC                   Trade           $100,944
E-mail: smoore@servicecompression.com

Schlumberger Technology Corporation       Trade            $99,702
E-mail: info@bdoilfield.com

Dixie Electric, LLC                       Trade            $98,087

Sandridge Exploration                     Trade            $92,758
revenue@sandridgeenergy.com

Albert Bouziden Trust                     Trade            $92,052
E-mail: bickerstaff.cpa@att.net

Milford Pipe & Supply Inc.                Trade            $90,020

Stallion Oilfield Services                Trade            $87,987

Multi-Shot LLC                            Trade            $85,299


MIDSTATES PETROLEUM: Files Chapter 11 to Facilitate Restructuring
-----------------------------------------------------------------
Midstates Petroleum Company, Inc. and Midstates Petroleum Company
LLC on May 1 disclosed that they have filed voluntary petitions for
relief under Chapter 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of Texas.
The Chapter 11 filing will facilitate a pre-arranged restructuring
of the Company's consolidated balance sheet through a
reorganization plan.  The Company has entered into a Plan Support
Agreement ("PSA") with its lenders under the Company's
reserve-based revolving credit facility representing approximately
80% in principal amount of its first lien debt, along with certain
other creditors holding approximately 74% in principal amount of
the Company's second lien debt and approximately 77% in principal
amount of the Company's third lien debt.  Among other things, the
PSA contemplates (i) the permanent pay-down of $82 million of the
Company's first lien debt and a $170 million credit facility upon
emergence, in the form of either a reserve-based revolving credit
facility, a term loan, or a combination thereof, (ii) the pay-down
of up to $60 million of the Company's second lien debt, and (iii)
the conversion into equity of all of the Company's remaining debt
junior to the first lien debt.

Jake Brace, President and Chief Executive Officer, said, "The sharp
decline in oil prices since 2014 has put much of the oil and gas
industry in financial difficulty.  While our premier Mississippian
Lime assets can achieve solid rates of return in the current price
environment, our highly leveraged balance sheet has severely
limited our ability to sustain our operations during an extended
period of low prices.  We believe that by restructuring the
Company's balance sheet now, we will be able to navigate through
this downturn and create a much stronger and more financially sound
company that will have long-term benefits for our employees,
vendors, and all our stakeholders.  We will operate our business as
usual throughout this process and will complete our reorganization
as quickly and cost effectively as possible."

Midstates has filed a series of motions that, when granted, will
enable the Company to maintain business-as-usual operations
throughout the Chapter 11 process.  Included in these first day
motions are requests to continue to pay employee wages, honor
existing employee benefit programs, and pay royalties to mineral
owners under the terms of the applicable agreements.

The Company has also filed motions seeking authority to pay
expenses associated with production operation activities, drilling
and completion activities, costs associated with gathering,
processing, transportation and marketing, and expenses related to
joint interest billings for non-operated properties.

Midstates has retained Evercore and Huron Consulting Services LLC
as its financial and restructuring advisors, respectively. The
Company is represented by Kirkland & Ellis LLP.

                About Midstates Petroleum Company

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

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

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

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

                             *    *    *

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

As reported by the TCR on April 18, 2016, Moody's Investors Service
downgraded Midstates Petroleum Company, Inc.'s Corporate Family
Rating (CFR) to Ca from Caa1, its Probability of Default Rating
(PDR) to Ca-PD from Caa1-PD, its second lien secured notes to Caa2
from B2, its third lien secured notes to Ca from Caa1, and its
senior unsecured notes to C from Caa3.


MIDSTATES PETROLEUM: Files Pre-Arranged Chapter 11 in Houston
-------------------------------------------------------------
Midstates Petroleum Company, Inc. and Midstates Petroleum Company
LLC on April 30, 2016, filed separate voluntary petitions for
relief under chapter 11 of the Bankruptcy Code with the United
States Bankruptcy Court for the Southern District of Texas.

The Debtors are seeking procedural consolidation and joint
administration of their chapter 11 cases under Case No. 16-32237.

The Debtors seek chapter 11 protection as they attempt to delever
their balance sheet by more than $1.8 billion -- over 90% of
their funded debt -- and position their businesses for stability
and success after emerging.  

The Company said in a press statement that the Chapter 11 filing
will facilitate a pre-arranged restructuring of the Company's
consolidated balance sheet through a reorganization plan. The
Company has entered into a Plan Support Agreement with the so-
called RBL Lenders under the Company's reserve-based revolving
credit facility representing approximately 80% in principal
amount of its first lien debt, along with certain other creditors
holding approximately 74% in principal amount of the Company's
second lien debt and approximately 77% in principal amount of the
Company's third lien debt.

The PSA contemplates a substantial deleveraging of the Debtors'
balance sheet under a chapter 11 plan of reorganization.  The
Plan will embody, among other things, a settlement among the
Second Lien Group and the so-called Crossover Group -- an ad hoc
committee of certain holders of both the Second Lien Notes and
Third Lien Notes -- pursuant to which:

     -- the parties agree that 98.8% of the value of the Debtors'
assets is encumbered by valid, enforceable liens in favor of the
RBL Lenders, holders of Second Lien Notes, and holders of Third
Lien Notes -- Prepetition Secured Lenders;

      -- the holders of Second Lien Notes agree that the holders
of Third Lien Notes shall receive 2.5% of the equity of
reorganized Midstates and warrants to acquire 15% of such equity;

      -- the Prepetition Secured Lenders will be deemed to waive
any applicable deficiency claims and adequate protection claims,
subject to certain conditions; and

      -- the members of the Second Lien Group, on the one hand,
and the members Crossover Group, in their capacities as holders
of Third Lien Notes, on the other hand, will be deemed to have
mutually waived and released all claims against one another
related to the Debtors and the Plan, including the right to
object or otherwise oppose the Plan, while the PSA remains in
force.

The Plan will provide for the baseline treatment of claims
against the Debtors:

     -- holders of priority and secured claims (other than
secured claims arising under the RBL Facility, the Second Lien
Notes, or the Third Lien Notes) will be paid in full, in cash;

      -- the RBL Lenders will receive approximately $82 million
in cash and, in return, will provide a reserve-based exit
facility in the amount of $170 million, in the form of either a
reserve-based revolving credit facility, a term loan, or a
combination thereof, which facility will be subject to a
borrowing base redetermination holiday until April 1, 2018;

      -- holders of Second Lien Notes will receive (a) cash in an
amount equal to the Debtors' cash on hand as of the Plan's
effective date, less cash payments and reserves to be funded
under the Plan (including a cash collateral account to be funded
in connection with the exit facility) and $70 million of balance
sheet cash, but in no event more than $60 million, and (b) 96.3%4
of the equity in reorganized Midstates;

      -- holders of Third Lien Notes will receive 2.5% of the
equity in reorganized Midstates and warrants to acquire an
additional 15% of such equity, which warrants will strike at a
$600 million equity valuation for reorganized Midstates and will
expire 42 months after the Plan's effective date; and

      -- holders of Unsecured Notes and general unsecured claims
will receive their pro rata share 1.2% of the equity in
reorganized Midstates.

Jake Brace, President and Chief Executive Officer, said, "The
sharp decline in oil prices since 2014 has put much of the oil
and gas industry in financial difficulty. While our premier
Mississippian Lime assets can achieve solid rates of return in
the current price environment, our highly leveraged balance sheet
has severely limited our ability to sustain our operations during
an extended period of low prices. We believe that by
restructuring the Company's balance sheet now, we will be able to
navigate through this downturn and create a much stronger and
more financially sound company that will have long-term benefits
for our employees, vendors, and all our stakeholders. We will
operate our business as usual throughout this process and will
complete our reorganization as quickly and cost effectively as
possible."

Midstates has filed a series of motions that, when granted, will
enable the Company to maintain business-as-usual operations
throughout the Chapter 11 process. Included in these first day
motions are requests to continue to pay employee wages, honor
existing employee benefit programs, and pay royalties to mineral
owners under the terms of the applicable agreements.

The Company has also filed motions seeking authority to pay
expenses associated with production operation activities,
drilling and completion activities, costs associated with
gathering, processing, transportation and marketing, and expenses
related to joint interest billings for non-operated properties.

Midstates has retained Evercore and Huron Consulting Services LLC
as its financial and restructuring advisors, respectively. The
Company is represented by Kirkland & Ellis LLP.  Kurtzman Carson
Consultants LLC, serves as claims agent.

Midstates Petroleum Company, Inc. is an independent exploration
and production company focused on the application of modern
drilling and completion techniques in oil and liquids-rich basins
in the onshore U.S. The Company's operations are currently
focused on oilfields in the Mississippian Lime play in Oklahoma
and the Anadarko Basin in Texas and Oklahoma.


MIRARCHI BROTHERS: Meeting to Form Creditors' Panel Set for May 12
------------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on May 12, 2016, at 10:00 a.m. in the
bankruptcy case of Mirarchi Brothers, Inc.

The meeting will be held at:

         Office of the United States Trustee
         833 Chestnut Street, Suite 501
         Philadelphia, PA 19107

The sole purpose of the meeting will be to form a committee or
committees of unsecured creditors in the Debtors' case.

The organizational meeting is not the meeting of creditors pursuant
to Section 341 of the Bankruptcy Code.  A representative of the
Debtor, however, may attend the Organizational Meeting, and provide
background information regarding the bankruptcy cases.

To increase participation in the Chapter 11 proceeding, Section
1102 of the Bankruptcy Code requires that the United States Trustee
appoint a committee of unsecured creditors as soon as practicable.
The Committee ordinarily consists of the persons, willing to serve,
that hold the seven largest unsecured claims against the debtor of
the kinds represented on the committee. Section 1103 of the
Bankruptcy Code provides that the Committee may consult with the
debtor, investigate the debtor and its business operations and
participate in the formulation of a plan of reorganization.  The
Committee may also perform other services as are in the interests
of the unsecured creditors whom it represents.



MISSION NEW ENERGY: Ends Q1 with A$1.68 Million in Cash
-------------------------------------------------------
Mission New Energy Limited filed with the Securities and Exchange
Commission its quarterly report (for entities admitted on the basis
of commitments) for the period ended March 31, 2016.

At the beginning of the quarter, the Company had A$1.89 million in
cash.  The Company reported a net decrease in cash of A$200,000.
As as result, the Company had A$1.68 million in cash at March 31,
2016.

For the current quarter, the Company spent A$205,000 for wages.

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

                     http://goo.gl/IHaKPT

                     About Mission NewEnergy

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

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

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

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

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

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


MURRAY ENERGY: S&P Raises CCR to 'CCC+', Outlook Negative
---------------------------------------------------------
Standard & Poor's Ratings Services said it raised its corporate
credit rating on Murray Energy Corp. to 'CCC+' from 'SD'.  The
outlook is negative.

The issue-level ratings on the term loans and the second-lien notes
remain 'D'.  S&P revised the recovery rating on the term loans to
'3' from '2', indicating S&P's expectation for meaningful (50% to
70%, lower half of the range) recovery in the event of default.
The recovery rating on the second-lien notes is unchanged at '6',
indicating S&P's expectation of negligible (0% to 10%) recovery in
the event of default.

"The negative outlook reflects our view that our rating on Murray
is sensitive to the company's liquidity position, which will be
under pressure over the next 12 months," said Standard & Poor's
credit analyst Vania Dimova.

S&P could lower the rating if Murray's liquidity deteriorates to a
level S&P considers to be weak. This could happen if the company
breaches its financial covenants and loses access to its revolving
credit facility or its debt obligations are accelerated.  S&P could
also lower the rating if the company's interest coverage is
sustained below 1x.  This could happen if weakening demand for
steam coal results in declines in production volumes or prices,
eroding sales and profitability.

S&P could raise the rating if Murray restores its liquidity to a
level it considers adequate.  This could happen as a result of
maintaining 15% covenant cushions either through a credit agreement
amendment or debt reduction in conjunction sufficient sources of
liquidity.


NATHAN'S FAMOUS: Egan-Jones Cuts FC Commercial Paper Rating to B
----------------------------------------------------------------
Egan-Jones Ratings Company downgraded the foreign currency
commercial paper rating on Nathan's Famous Inc. to B from A3 on
April 29, 2016.

Nathan's Famous, Inc. is an American company that operates a chain
of fast food restaurants specializing in hot dogs.



NEPHROGENEX INC: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: NephroGenex, Inc.
        3200 Beechleaf Court, Suite 900
        Raleigh, NC 27604

Case No.: 16-11074

Nature of Business: Clincal-stage pharmaceutical company focused
                    on developing therapeutics to treat kidney
                    diseases.

Chapter 11 Petition Date: April 30, 2016

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Debtor's Counsel: David R. Hurst, Esq.
                  COLE SCOTZ P.C.
                  500 Delaware Avenue, Suite 1410
                  Wilmington, DE 19801
                  Tel: 302-652-3131
                  Fax: 302-652-3117
                  E-mail: dhurst@coleschotz.com

Debtor's          CASSEL SALPETER & CO. LLC
Investment
Banker and
Financial
Advisor:


Debtor's          KURTZMAN CARSON CONSULTANTS LLC
Claims and
Noticing
Agent:

Total Assets: $4.9 million as of April 30, 2016

Total Debts: $6.2 million as of April 30, 2016

The petition was signed by John P. Hamill, chief executive officer
and chief financial officer.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/deb16-11074.pdf


NEPHROGENEX INC: Files Voluntary Chapter 11 Bankruptcy Petition
---------------------------------------------------------------
NephroGenex, Inc. a pharmaceutical company focused on the
development of therapeutics to treat kidney disease, on May 2
disclosed that it filed a voluntary petition under Chapter 11 of
the United States Bankruptcy Code in the United States Bankruptcy
Court for the District of Delaware.

In connection with its decision to seek Chapter 11 protection,
NephroGenex has retained the investment banking firm of Cassel
Salpeter & Co., LLC, to assist with the anticipated sale of its
assets through a sale process under Section 363 of the Bankruptcy
Code.  To that end, NephroGenex anticipates that it will seek
approval by the Court of appropriate bidding and sale procedures in
the early weeks of its Chapter 11 case.

"The Board and management team have conducted a rigorous assessment
of all of our strategic alternatives and believe that this process
represents the best possible solution for NephroGenex, taking into
account our financial situation," said Richard J. Markham, Chairman
of the Board of NephroGenex.  "We are committed to an outcome that
maximizes value and believe that a bankruptcy sale process will
enable us to meet that objective."

NephroGenex has filed a series of customary motions with the Court
seeking to ensure the continuation of normal operations during this
process, including the timely payment of future employee wages and
salaries, as well as maintaining employee benefits.

Cole Schotz P.C. is serving as the Company's legal advisor for the
bankruptcy proceedings and Cassel Salpeter & Co., LLC is serving as
its financial advisor for the bankruptcy proceedings.

Raleigh, N.C.-based NephroGenex, Inc., a drug development company,
focuses on developing novel therapies for kidney disease.  It
develops Pyridorin (pyridoxamine dihydrochoride), a therapeutic
agent, which is in Phase III clinical study for the treatment of
diabetic nephropathy.


NEW SEABURY: Members Group Charges Unfair & Deceptive Acts
----------------------------------------------------------
Members of the Cape Cod community of New Seabury have charged New
Seabury Properties, LLC, a subsidiary of Icahn Enterprises L.P.,
and the manager and owner of the facilities, with unfair and
deceptive acts, violation of a bankruptcy court order, breach of
contracts and coercion with respect to changes in members' statuses
that members believe the company is trying to impose unilaterally.

On April 8, 2016, the New Seabury Members Rights Committee which
was formed in March after New Seabury Properties surprised members
with a letter outlining unilateral changes in their rights,
benefits, and fees, filed a petition in U.S. Bankruptcy Court in
Boston to prevent New Seabury Properties from proceeding with
actions outlined in a March 17, 2016 letter.

The obligations of the owner of New Seabury, including the
clubhouse, golf courses, and other property, are outlined in a 1998
Confirmation Order that concluded the bankruptcy of the former
owner and manager of the 1,500-acre residential and recreational
community on the southern Cape Cod coast.

"We believe that if Mr. Icahn knew about the strong-arm tactics
that are being used by New Seabury Properties against its longtime
members, he would be very unhappy," said Joe Pedula, a member of
the Member Rights Committee.

Many members were shocked at the sudden changes, which would in
some cases result in dues increases of up to 30 percent,
limitations on their allowed use of New Seabury facilities,
revocation of some members' rights to partial refund of initiation
fees if they resign their memberships, and an increase to 900 golf
club memberships, which had been capped at 690.

New Seabury Properties said it planned to replace more than 30
types of member contracts with varying provisions into six types.
To date, it has not indicated any willingness to address the
members' concerns except to suggest that it would back off on its
planned increase in the number of golf memberships.

In a letter to New Seabury dated April 15, 2016, Patrick P. Dinardo
of the Boston law firm Sullivan & Worcester LLP, counsel to the
Members Rights Committee, said New Seabury Properties "generally
informed Members that their dues would increase by 20-30% or more
if they refused to join a new category."  Typically, dues have
risen no more than five percent a year.

Members who joined after the 1998 bankruptcy order were granted a
right to a refund of part of their initiation fee if they resigned
during a certain period.  But those members "would be required to
'release and relinquish' that right in order to join a new category
and avoid the drastic increase in fees," the letter to New Seabury
Properties noted.

Further upsetting members, New Seabury Properties called a members'
meeting for the Saturday before Easter Sunday with only about two
weeks' notice, "knowing that a significant number of Members would
not be in Massachusetts and would not be able to attend," the
letter said.  During that meeting, "representatives of NSP were
unwilling or unable to provide meaningful information or answer
questions by the Members in attendance."


NEW YORK LIGHT: Asks Court to Extend Exclusivity to May 27
----------------------------------------------------------
Debtors New York Light Energy, LLC, Light Energy Partners Group,
LP, Light Energy Administrative Services, LLC, Light Energy
Installers, LLC, U.S. Light Energy, LLC, and Light Energy
Management II, LLC, ask the U.S. Bankruptcy Court for the Northern
District of New York for entry of an order extending the Debtors'
exclusive periods to:

     -- file a chapter 11 plan or plans of reorganization for 28
days through and including May 27, 2016, and

     -- solicit acceptances of the plan or plans, for 28 days
through and including July 26, 2016.

Pursuant to the order entered on March 30, 2016, the Court extended
the Debtors' Exclusive Filing Period the Exclusive Solicitation
Period through and including April 29, 2016 and June 28, 2016,
respectively.

The Debtors tell the Court that they have made significant progress
in administering theses Chapter 11 Cases.  However, because of the
complexity of the Debtors' businesses and debt structure and the
resulting complexity of the restructuring process, the Debtors
require additional time to complete the restructuring process
and determine the most beneficial bankruptcy exit outcome for their
estates and creditors.  They contend that an extension of their
Exclusive Periods is necessary to prevent the distraction and
additional strain on the Debtors' limited resources that would be
caused if a competing chapter 11 plan were to be filed while the
Debtors are determining the most favorable means of exiting
bankruptcy.

The Debtors relate that since the Petition Date, they have worked
diligently to stabilize their businesses and reassure creditors,
suppliers and employees.  In the approximately nine months since
the Petition Date, the Debtors have dedicated significant time and
resources to, among other things, making projects eligible for
funding by non-debtor affiliate Light Energy Fund III, LP, through
its lender, Manufacturers & Traders Trust Company.

Thus far, the Debtors have purchased three parcels for the
construction of three solar projects known as the Betnr Project,
totaling approximately 1.950 MW.  Customers have been secured to
purchase all of the expected electricity to be produced on the
three parcels at the Betnr Project pursuant to Net Metering
Agreements.

The Debtors' new management team and the Debtors' financial
advisors (i) have carefully analyzed the three Funds which were
created to fund the Debtors' construction of the solar arrays which
permitted Kyocera and M&T to take advantage of investment tax
credits and (ii) discovered that the obligations of the Debtors
under the Funds were more burdensome than anticipated by the former
management of the Debtors.

After extended negotiations with M&T, the Debtors and M&T have
concluded an agreement which was memorialized by amending and
restating loan agreements, an operating
agreement, and a master lease agreement.  Pursuant to these
revisions, (i) the Debtors have been relieved of their guaranty
obligations under the 2012 Light Energy Fund I, LP ("Fund I") and
Light Energy Fund III ("Fund III"); (ii) the security interest of
M&T has terminated, (iii) the lease payments under the proposed
amended and restated master lease agreement have extended the term
and reduced the annual lease payments by approximately 25%.  During
the next ten years, the lease payments will be reduced by
approximately $2.7 million and such payments are longer guaranteed
by the Debtors.  The Debtors have also executed an operations and
maintenance agreement under which M&T will pay the Debtors $1,500
per array each year, with an additional amount of $13 per kw for
arrays over 100 kw.

Furthermore, although the Debtors' developing business plan is a
work in progress and will continue to evolve, the Debtors have kept
the members of the Committee
updated on their progress.  The Committee and its advisors are
being given access to a substantial amount of financial
information, in order to help the Committee evaluate the Debtors'
businesses and plans.

The Debtors and their professionals have been engaged in
significant efforts to market opportunities for additional equity
infusion, new financing, or the possibility of a sale of the
Debtors' assets within these Chapter 11 Cases, including numerous
discussions with interested parties and the exchange of information
relating to the Debtors' assets and financial projections, and are
in the process of finalizing a chapter 11 plan which includes a
sale of the Debtors' assets, the creation of a liquidation trust,
and a preliminary distribution to creditors.  In addition, the
Debtors have continued proceedings against Kyocera International,
Inc., in order to
recover additional funds for the benefit of the Debtors' creditors
and the Debtors' estates.

A hearing on the request is set for May 18, 2016.  Objections are
due May 11.

                   About New York Light Energy

Founded in 2009 and based in Latham, New York, New York Light
Energy, LLC, designs and installs medium-scale solar arrays in New
York State and Massachusetts.  The Company has installed solar
arrays on more than 180 industrial, commercial, municipal, and
residential sites, with a total of over 15 megawatts of capacity
to
date.

NYLE and its affiliates commenced Chapter 11 bankruptcy cases
(Bankr. N.D.N.Y. Lead Case No. 15-11121) in Albany, New York, on
May 27, 2015.  Judge Robert E. Littlefield Jr. is assigned to the
cases.

The Debtors tapped Bond, Schoeneck & King, PLLC, as counsel.  The
Debtors hired Blackbird Asset Services LLC as liquidation agent in
connection with the sale of their excess inventory.

The U.S. Trustee for Region 2, appointed three creditors to serve
in an Official Committee of Unsecured Creditors in the Chapter 11
cases of New York Light Energy, LLC, et al.  The Committee retains
Hodgson Russ LLP as its attorneys and Emerald Capital Advisors
Corp. as financial advisor.


NEWBURY COMMONS: Judge Sets June 20 Auction; Bids Due June 15
-------------------------------------------------------------
Jeff Montgomery, writing for Bankruptcy Law360, reported that
despite criticism from creditors, a Delaware bankruptcy judge
approved a flexible, mix-and-match auction plan that will put eight
Stamford, Connecticut, properties on the block in an effort to
settle Newbury Common Associates LLC's Chapter 11.  Newbury
restructuring officer Marc Beilinson said the proposed June auction
could lead to a sale of all properties -- each with its own debtor
and creditors -- to a single "bulk buyer" on a hoped-for bid of
$150 million or more.

Bids are due June 15, 2016.  An auction will be held on June 20 at
the offices of Young Conaway Stargatt & Taylor in Wilmington,
Delaware.  The sale hearing is tentatively set for June 29.  Sale
objections are due June 15.  Objections related to the Auction are
due June 23.

Pursuant to the Sale Order, parties-in-interest have the right to
submt a credit bid, either as a component or as the entirety of the
consideration.  The right to credit bid, however, is limited only
if and to the extent that, prior to June 8, 2016, an action is
commenced challenging the amount, validity, extent, priority or
perfection of a holder's secured claim, and the court enters an
order providing that the holder is not permitted to credit bid.

                 About Newbury Common Associates

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

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

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

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

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

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


NGPL PIPECO: S&P Raises CCR to 'B-', on CreditWatch Positive
------------------------------------------------------------
Standard & Poor's Ratings Services raised its corporate credit
rating on NGPL PipeCo LLC to 'B-' from 'CCC-' and placed it on
CreditWatch with positive implications.

S&P also raised the ratings on the senior secured debt to 'B-' from
'CCC-' and placed them on CreditWatch with positive implications.
The recovery rating on this debt remains '3', indicating
expectations for meaningful (50%-70%; lower half of the range)
recovery in the event of a payment default.

In November 2015, NGPL announced that Kinder Morgan and Brookfield
agreed to purchase the remainder of the company in a 50/50 joint
venture arrangement.  "The CreditWatch placement and upgrade
reflects NGPL's recent announcement that the new partners had
agreed to inject $623 million of equity into NGPL for the purposes
of improving liquidity and delevering," said Standard & Poor's
credit analyst Michael Ferguson.  While it's not immediately clear
how much this will improve credit quality in total, S&P believes
this is a positive development, and could help the pipeline to
overcome some of the financial and liquidity challenges that had
been limiting the rating in recent years.

Additionally, the investment in NGPL by its two large, diversified
parents signals a shift in the strategic importance of the
enterprise.  Historically, S&P has not ascribed any group ratings
methodology uplift to NGPL, in part because there was no majority
owner under the previous ownership structure.  S&P will determine
what, if any, level of strategic importance is applicable for this
entity under the new ownership, and whether or not that
classification permits any uplift.  Further, S&P will reassess its
recovery analysis because there may be less debt outstanding and a
higher EBITDA assumption given NGPL's new access to capital markets
to fund projects.

The CreditWatch placement reflects S&P's expectation that credit
quality could improve as a result of Kinder Morgan and Brookfield's
renewed commitment to NGPL.  S&P anticipates that the equity
infusion will likely strengthen liquidity (which S&P currently
assess as weak) and improve the financial risk profile (which S&P
currently assess as highly leveraged).  Further, S&P will determine
whether or not NGPL has strategic importance to either of its
parents.  S&P will resolve the CreditWatch placement once it had an
opportunity to assess the impacts of these changes.


NO PLACE LIKE HOME: Court Extends Plan Exclusivity to June 17
-------------------------------------------------------------
At the behest of No Place Like Home, Inc., Chief Bankruptcy Judge
David S. Kennedy ruled that:

     1. the Debtor shall have the exclusive right to file a Chapter
11 Plan up to and including June 17, 2016; and

     2. the Debtor shall have the exclusive right to solicit votes
on the Chapter 11 Plan submitted through and including August 16,
2016.

Attorneys for No Place Like Home, Inc.:

     E. Franklin Childress, Jr., Esq.
     M. Ruthie Hagan, Esq.
     BAKER DONELSON BEARMAN CALDWELL & BERKOWITZ, PC
     165 Madison Avenue, Suite 2000
     Memphis, TN 38103
     Telephone: (901) 577-8214
     Facsimile: (901) 577-0845
     E-mail: rhagan@bakerdonelson.com

No Place Like Home, Inc., based in Collierville, Tenn., filed a
Chapter 11 petition (Bankr W.D. Tenn. Case No. 15-31133) on
November 20, 2015.  Hon. David S. Kennedy presides over the case.
E. Franklin Childress, Jr., Esq., and M. Ruthie Hagan, Esq., at
Baker, Donelson, Bearman, Caldwell & Berkowitz P.C., serve as
counsel to the Debtor.  In its petition, the Debtor estimated $1
million to $10 million in assets and liabilities.  The petition was
signed by John Flood, president.


NUO THERAPEUTICS: Court Confirms Amended Chapter 11 Plan
--------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware on April 25,
2016, entered an order granting final approval of the Disclosure
Statement and confirming the Modified First Amended Plan of
Reorganization of Nuo Therapeutics, Inc.

The Company expects that the effective date of the Plan will occur
as soon as all conditions precedent to the Plan have been
satisfied, but no later than May 5, 2016.  Although the Company
anticipates that all conditions that the Company must satisfy
before the Effective Date, other than the passage of time, will
have been satisfied on or prior to such date, the Company can make
no assurances as to when, or ultimately if, the Plan will become
effective. It is also possible that technical amendments could be
made to the Plan.

The Plan contemplates that, prior to the Effective Date, the
Company will seek to raise not less than $10,500,000 in funding --
of which $3,000,000 may be in the form of backstop irrevocable
capital call commitments from creditworthy obligors in the
reasonable judgment of the Lenders (the "Backstop Commitments") --
through a private placement of common stock of the Reorganized
Company.  If the Debtor is unable to achieve a Successful Capital
Raise, then the Plan contemplates alternative treatment of certain
claims and equity interests. The proposed treatment of claims and
equity interests in the event of a Successful Capital Raise is
described under "Scenario A", and the proposed treatment of claims
and equity interests in the event of an Unsuccessful Capital Raise
is described under "Scenario B".

As of April 28, 2016, the Company has received commitments from
investors to purchase $7,500,000 in the aggregate value of shares
of New Common Stock in a private placement and to provide
$3,000,000 in Backstop Commitments, in each case as required by
Scenario A for a Successful Capital Raise. If the New Investors
fund their commitments on or prior to the Effective Date, the
Company will effect Scenario A of the Plan on the Effective Date.

     Treatment of Common Stock Outstanding
     Prior to the Effective Date

Pursuant to the Plan, under both Scenario A and Scenario B, each
share of the Company's common stock outstanding immediately before
the Effective Date ("Old Common Stock") and all options and
warrants to purchase such Old Common Stock will be cancelled and
have no further force or effect after the Effective Date. Under the
Plan, the Company will file a new Certificate of Incorporation (the
"New Charter") on the Effective Date and new Bylaws will become
effective on the Effective Date. The New Charter will authorize the
reorganized company (the "Reorganized Company") to issue shares of
new common stock ("New Common Stock"), certain shares of which will
be issued as described below. Under Scenario A only, the New
Charter will authorize the issuance by the Reorganized Company of
Series A preferred stock to Deerfield Private Design Fund II, L.P.,
Deerfield Private Design International II, L.P. and Deerfield
Special Situations Fund, L.P. (the "Lenders").

     Proposed Treatment of Claims and Equity Interests
     under Scenario A

In the event of a Successful Capital Raise, each holder of an
allowed general unsecured claim will receive: (i) if total allowed
unsecured claims are less than $2,000,000, an amount necessary to
pay such allowed claim in full in cash without post-petition
interest; (ii) if total allowed unsecured claims are between
$2,000,000 and $3,000,000, the lesser of (a) an amount necessary to
pay such allowed claim in full in cash without post-petition
interest or (b) a pro rata share of a cash fund in the amount of
$2,250,000; (iii) if total allowed unsecured claims are between
$3,000,001 and $4,000,000, a pro rata share of a cash fund in the
amount of $2,500,000; or (iv) if total allowed unsecured claims are
greater than $4,000,001, a pro rata share of a cash fund in the
amount of $2,750,000.

In the event of a Successful Capital Raise, the New Investors will
receive 100% of the New Common Stock of the Reorganized Company on
the Effective Date, and will be deemed to allocate to existing
holders of Old Common Stock in the Debtor as of the record date of
March 28, 2016 who execute and timely deliver a release document no
later than sixty (60) days after the Effective Date a percentage of
the New Common Stock, which percentage, in the aggregate, is
presently expected to represent approximately 29% of the New Common
Stock based on the total number of shares of New Common Stock
expected to be outstanding immediately after the Effective Date
("Scenario A Allocated New Common Stock"). This percentage will be
reduced if the Company issues additional shares of New Common Stock
after the Effective Date, including upon the exercise of the
warrants described below that are being issued to certain of the
New Investors and upon the Reorganized Company exercising its
rights under the Backstop Commitments. The allocation of Scenario A
Allocated New Common Stock of the Reorganized Company among
existing holders of Old Common Stock who execute and timely deliver
a release document will be based on a pro rata share of such
holders' existing Old Common Stock on the record date of March 28,
2016. Any such holder who does not execute and timely deliver a
release document shall not receive its pro rata share of the
Scenario A Allocated New Common Stock and such shares shall be
cancelled by the Reorganized Company.

Certain of the New Investors are also receiving warrants to
purchase additional shares of New Common Stock in the future in
exchange for their agreement to purchase shares of New Common
Stock. A significant majority of the New Investors have indicated
that they will participate in their pro rata share of the Backstop
Commitments. The terms of the Backstop Commitments provide that the
shares of New Common Stock to be issued if the Reorganized Company
exercises its rights under the Backstop Commitments will be priced
at a significant discount to the price of the New Common Stock
being issued on the Effective Date to cause the average per share
price on the total investment made by a New Investor who
participates in the Backstop Commitments to be equal to 50% of the
per share price being paid on the Effective Date.

In the event of a Successful Capital Raise, on the Effective Date,
the Lenders will receive non-convertible, non-dividend paying,
preferred equity interests in the Reorganized Debtor in the amount
of such balance (estimated to be approximately $29.3 million),
which shall have a liquidation preference senior to all other
equity interests (the "Series A Preferred Equity"), which terms
shall be set forth in the New Charter, and the Lenders shall
receive no New Common Stock or other equity interest. Holders of
the Series A Preferred Equity interests will be entitled to voting
rights representing one percent (1%) of the voting rights of the
Reorganized Company. Holders of the Series A Preferred Equity will
have the right to nominate a director to the Reorganized Company's
board of directors.

     Proposed Treatment of Claims and Equity Interests
     under Scenario B

In the event of an Unsuccessful Capital Raise, each holder of an
allowed general unsecured claim will receive the lesser of (i) an
amount necessary to pay such allowed claim in full in cash without
post-petition interest or (ii) a pro rata share of a cash fund in
the amount of $2,000,000.

In the event of an Unsuccessful Capital Raise, Lenders will receive
100% of the New Common Stock of the Reorganized Debtor on the
Effective Date in exchange for a portion of the Lenders' Secured
Claims. The Lenders will allocate to existing holders of Old Common
Stock who execute and timely deliver a release document no later
than sixty (60) days after the Effective Date their pro rata share
(based on their existing holdings of Old Common Stock on the record
date of March 28, 2016) of a 5% pool of the Lenders' New Common
Stock (the "Scenario B Allocated New Common Stock") on the
Effective Date. Any such holder who does not execute and timely
deliver a release document shall not receive its pro rata share of
the Scenario B Allocated New Common Stock and such shares shall be
distributed to Lenders.

     Release Document to be Executed by Holders
     of Old Common Stock

In either Scenario A or Scenario B, in order for any holder of Old
Common Stock as of the record date of March 28, 2016 to receive its
pro rata share of Scenario A Allocated New Common Stock or Scenario
B Allocated New Common Stock of the Reorganized Company, such
holder must execute and timely deliver a release document no later
than sixty (60) days after the Effective Date. Holders of Old
Common Stock who execute and timely deliver a release document
shall receive their pro rata share of the Scenario A Allocated New
Common Stock or Scenario B Allocated New Common Stock, as the case
may be, by the later of (i) thirty (30) days after the Effective
Date or (ii) thirty (30) days after execution and timely delivery
of a release document to the Reorganized Company. Any portion of
the Scenario A Allocated New Common Stock not allocated pursuant to
the procedures and timeframe above shall be cancelled. Any portion
of the Scenario B Allocated New Common Stock not allocated pursuant
to the procedures and timeframe above shall be returned to the
Lenders.

     Assignment of Arthrex Agreement and Royalty Rights

On the Effective Date, the Reorganized Company will assign to a
designee of the Lenders all of the Company's rights, title and
interest in and to its existing license agreement with Arthrex,
Inc. (the "Arthrex Agreement"), and transfer and assign to such
designee all associated intellectual property owned by the Company
and licensed thereunder, and all royalty and payment rights
thereunder. On the Effective Date, the Reorganized Company and such
designee will enter into a transition services agreement pursuant
to which the Reorganized Company will continue to service the
Arthrex Agreement for the benefit of such designee.

     Board of Directors

As of the Effective Date, the Reorganized Company will have a newly
appointed board of directors (the "New Board"). The Reorganized
Company shall have a President and any such other officers as the
New Board may determine. The President may be a member of the New
Board. The President's compensation shall be negotiated by the
President and the New Board.

In the event of a Successful Capital Raise, (i) the New Board shall
have five members; (ii) the Company will select (a) executive
officers for the Reorganized Company and (b) four members of the
New Board; (iii) the Lenders, as holders of the Series A Preferred
Equity, will have the right to select one member of the New Board;
(iv) David Jorden shall be designated as Chief Executive Officer
and a director of the Reorganized Company. In the event of an
Unsuccessful Capital Raise, the New Board shall have five members
and the Lenders will have sole discretion to select all board
members and executive officers of the Reorganized Company.

All members of the Company's existing board of directors shall be
deemed to have resigned as of the Effective Date and be replaced by
the New Board members, except to the extent that any members of the
Company's existing board of directors are invited to continue
service in such role and accept such invitation.

     Releases

The Plan includes Company and third party release provisions that
provide releases for the benefit of (i) the Reorganized Company,
and its existing and prior directors, officers, employees, agents,
professionals, representatives, predecessors, successors,
subsidiaries and affiliates, (ii) Deerfield Mgmt, L.P. and the
Lenders and their directors, officers, employees, agents,
professionals, representatives, predecessors, successors,
subsidiaries and affiliates, (iii) the members of the Official
Committee of Unsecured Creditors, and their directors, officers,
employees, agents, professionals, successor subsidiaries and
affiliates, in their capacity a members, (iv) the members of the Ad
Hoc Committee of Equity Holders, and their directors, officers,
employees, agents, professionals, subsidiaries and affiliates, in
their capacity a members, and (v) the Professionals retained in the
Chapter 11 Case by the Company, the Lenders, the Official Committee
of Unsecured Creditors and the Ad Hoc Committee of Equity Holders.

     Exculpation

The Plan provides exculpation provisions, which include a full
exculpation from liability in favor of the Reorganized Company, the
directors and officers of the Company who served during the course
of the Chapter 11 Case, the Company's professionals retained in the
Chapter 11 Case, the Official Committee of Unsecured Creditors, its
members in their capacity as such, the individuals who sat on the
Official Committee of Unsecured Creditors in their capacity as
such, and the professionals retained in the Chapter 11 Case by the
Official Committee of Unsecured Creditors, the Ad Hoc Committee of
Equity Holders, its members in their capacity as such, the
individuals who sat on the Ad Hoc Committee of Equity Holders in
their capacity as such, and the professionals retained in the
Chapter 11 Case by the Ad Hoc Committee of Equity Holders.

A copy of the Modified First Amended Plan of Reorganization of The
Debtor, Dated April 25, 2016, is available at:

     http://goo.gl/d7Qd1W

A copy of the Order Granting Final Approval of Disclosure Statement
and Confirming Debtor’s Plan of Reorganization, Dated April 25,
2016, is available at:

     http://goo.gl/fVJbvl

Counsel to the Debtor:

     William P. Bowden, Esq.
     Karen B. Skomorucha Owens, Esq.
     Stacy L. Newman, Esq.
     ASHBY & GEDDES, P.A.
     500 Delaware Avenue, P.O. Box 1150
     Wilmington, DE 19899-1150
     Tel: 302.654.1888
     Fax: 302.654.2067
     E-mail: wbowden@ashby-geddes.com
             kowens@ashby-geddes.com
             snewman@ashby-geddes.com

          - and -

     Sam J. Alberts, Esq.
     DENTONS US LLP
     1301 K Street, NW
     Suite 600. East Tower
     Washington, D.C. 20005
     Tel: 202.408.7004
     Fax: 202.408.6399
     Email: sam.alberts@dentons.com

          - and -

     Bryan E. Bates, Esq.
     DENTONS US LLP
     303 Peachtree Street, NE
     Suite 5300
     Atlanta, Georgia 30308
     Tel: 404.527.4073
     Fax: 404.527.4198
     Email: bryan.bates@dentons.com

                  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.


NYE FARM TECH: Involuntary Chapter 11 Case Summary
--------------------------------------------------
Alleged Debtor: Nye Farm Tech, Ltd.
                5400 North Highway 160
                Pahrump, NV 89060

Case Number: 16-12392

Involuntary Chapter 11 Petition Date: April 29, 2016

Court: United States Bankruptcy Court
       District of Nevada (Las Vegas)

Judge: Hon. August B. Landis

Petitioners' Counsel: Steven J Szostek, Esq.
                      2001 Oak River Street
                      Las Vegas, NV 89134
                      Tel: (702) 325-6224
                      E-mail: szostek1946@gmail.com

   Petitioners                  Nature of Claim  Claim Amount
   -----------                   ---------------   ------------
Konstantin Minevsky                   Loan           $245,000
9745 Derby Hill Circle
Las Vegas, NV 89117

Civic and Corporate Consulting    Unpaid Service      $67,046
Group
10982 Laureldale Court
Las Vegas, NV 89141

Hauntec, PLLC                       Engineering        $3,000
2721 Ironside Drive                   Services
Las Vegas, NV 89108


ODYSSEY CONTRACTING: Wants Plan Exclusivity Extended to July 25
---------------------------------------------------------------
Odyssey Contracting Corp., asks the U.S. Bankruptcy Court for the
Western District of Pennsylvania to extend the time within which it
has the exclusive right to file and solicit acceptances of a plan
of reorganization.

Pursuant to 11 U.S.C. Section 1121(b), only the Debtor may file a
Plan until after 120 days after the date of the order for relief.
That exclusivity period was set to expire on January 25, 2016 but
was extended until April 25, 2016 pursuant to a court order.
Pursuant to 11 U.S.C. Section 1121(c)(3), the Debtor has an
exclusive period of 180 days after the date of the order for relief
to file a plan, which has been accepted by each class of claims or
interests that is impaired under the plan.   That exclusivity
period was set to expire on March 25, 2016 but was also extended
pursuant to the Court's Order until June 23, 2016.  Pursuant to 11
U.S.C. Section 1121(d), the Court may for cause increase the
exclusive 120 day period and the exclusive 180 day period.  

The Debtor argues that cause exists to once again extend the
exclusivity periods by 90 days for filing a plan, until July 25,
2016, and 90 days for procuring acceptances of that plan, until
September 21, 2016, because, inter alia, the Debtor is involved in
various litigation matters, the outcome of which will have a
significant impact upon the particulars of the Debtor's
reorganization.  All the litigation matters are pending and being
processed by Bankruptcy Court approved Counsel.  

In addition, the Debtor is in the process of finalizing an adequate
protection agreement with its primary secured creditor herein.  The
Debtor tells the Court that the filing of a Plan prior to the
finalization/formalization of an agreement with the primary secured
creditor and prior to additional progress in the various litigation
matters would likely result in a Plan with terms that are
premature, speculative and subject to amendment and change.

Odyssey Contracting Corp., based in Houston, Pennyslvania, filed a
Chapter 11 petition (Bankr. W.D. Pa. Case No. 15-22330) on June 29,
2015.  Hon. Carlota M. Bohm presides over the case.  Robert O
Lampl, Esq. -- rlampl@lampllaw.com -- at Robert O Lampl, Attorney
at Law, serves as the Debtor's counsel.  In its petition, the
Debtor estimated $1 million to $10 million in both assets and
liabilities.


OYSTER BAY, NY: S&P Lowers Underlying Rating on GO Bonds to BB+
---------------------------------------------------------------
Standard & Poor's Ratings Services has lowered its underlying
rating on Oyster Bay, N.Y.'s existing general obligation (GO) bonds
two notches to 'BB+' from 'BBB'.  At the same time, S&P removed the
rating from CreditWatch negative, where it was placed on Jan. 28,
2016.  The outlook is negative.

"The resolution of the CreditWatch negative by lowering the rating
to 'BB+' reflects Oyster Bay's chronically weak budgetary
performance and very weak budgetary flexibility that has diminished
liquidity to weak levels," said Standard & Poor's credit analyst
Victor Medeiros.  The rating is further constrained by weak
management based on chronic fiscal imbalances over several years,
and weak budgetary planning and estimating.

Town officials originally estimated that general fund reserves
would see only a slight decline in fiscal 2014 following an
increase in 2013.  However, fiscal 2014 closed with a $19 million
operating deficit, or about 14% of expenditures, in the general
fund, and a $9.2 million deficit across all other major
governmental operating funds.  S&P believes this negative operating
result was sizable and significant.  For fiscal 2015, management is
estimating an additional negative result, albeit smaller, in the
general fund, even after executing on certain revenue enhancements,
and expenditure cuts.

Compounding the financial challenges of the town have been delays
in its financial reporting.  According to the town, the 2014 audit
was late as a result of challenges in implementing new accounting
software, and the fiscal 2015 audit will be available only later
this calendar year.  

The town, with an estimated population of 295,330, is in Nassau
County.

"The negative outlook reflects our opinion that we could lower the
rating further if the town can't make strong corrective budgetary
adjustments to improve budgetary performance and base-line reserves
to much stronger levels," added Mr. Medeiros.  S&P believes the
town continues to face budgetary pressures as fixed costs escalate
and liquidity remains weak, leaving it vulnerable to further
financial deterioration, particularly if the business, financial,
or economic environment worsens.  Should budgetary performance
remain weak and liquidity levels continue to deteriorate, or if
market access diminishes, the rating could be lowered further.

S&P could revise the outlook to stable if the district's financial
position stabilizes and liquidity concerns improve.



PACIFIC EXPLORATION: Files Application for Protection Under CCAA
----------------------------------------------------------------
Pacific Exploration & Production Corp. and certain of its direct
and indirect subsidiaries (collectively, the "Filing Entities") on
April 27 filed an application for protection under the Companies'
Creditors Arrangement Act (the "CCAA") with the Superior Court of
Justice in Ontario in connection with the implementation of the
transaction described in its previously announced agreement with:
(i) The Catalyst Capital Group Inc. ("Catalyst"); (ii) certain
holders of the Company's senior unsecured notes (including members
of the ad hoc committee (the "Ad Hoc Committee"); and (iii) certain
of the Company's lenders under its credit facilities, to effect a
comprehensive financial restructuring (the "Restructuring
Transaction") that will significantly reduce debt, improve
liquidity, and best position the Company to navigate the current
oil price environment.

As part of the CCAA proceedings, the Filing Entities are seeking
the appointment of PricewaterhouseCoopers Inc. as monitor (the
"Monitor") to monitor the business and affairs of the Filing
Entities during the CCAA process.

The Filing Entities will also be commencing appropriate proceedings
in Colombia under Law 1116, and recognition proceedings in the
United States under chapter 15 of the U.S. Bankruptcy Code, at a
later date.

All operations of the Company's subsidiaries (the "Pacific Group")
are expected to continue as normal throughout this process.
Importantly, the Company expects regular payments will be made to
all of the Pacific Group's suppliers, trade partners, and
contractors across the jurisdictions in which it operates in
accordance with local regulations.  Additionally, employees will
continue to be paid throughout this process, without disruption.
The Company's bank indebtedness and indebtedness in respect of its
senior unsecured notes will be restructured pursuant to the terms
of the Restructuring Transaction.

The Company is being advised by Lazard Frères & Co. LLC, Norton
Rose Fulbright Canada LLP (Canada), Proskauer Rose LLP (U.S.),
Zolfo Cooper (U.S.) and Garrigues (Colombia).  The independent
committee of the board of directors of the Company is being advised
by Osler, Hoskin & Harcourt LLP and UBS Securities Canada Inc. The
Ad Hoc Committee is being advised by Evercore Group L.L.C. (U.S.),
Goodmans LLP (Canada), Paul, Weiss, Rifkind, Wharton & Garrison LLP
(U.S.) and Cardenas y Cardenas Abogados (Colombia).  FTI Consulting
(U.S.), Davis Polk & Wardwell LLP (U.S.), Torys LLP (Canada) and
Gómez-Pinzón Zuleta Abogados (Colombia) are counsel to the agent
on the revolving credit facility of the Company, and Seward &
Kissel is counsel to the agent on the HSBC Bank, USA, N.A. term
loan of the Company.  Catalyst is being advised by Brown Rudnick
LLP (U.S.), McMillan LLP (Canada) and GMP Securities L.P. Kingsdale
Shareholder Services has been retained as a strategic advisor and
proxy solicitation agent.

              About Pacific Exploration & Production

Pacific Exploration & Production Corp. is a Canadian public company
and a leading explorer and producer of natural gas and crude oil,
with operations focused in Latin America.  The Company has a
diversified portfolio of assets with interests in more than 70
exploration and production blocks in various countries including
Colombia, Peru, Guatemala, Brazil, Guyana and Belize. The Company's
strategy is focused on sustainable growth in production & reserves
and cash generation.  

The Troubled Company Reporter-Latin America, on Feb. 23,
2016,reported that Fitch Ratings says that the agency could
downgrade its ratings on Pacific Exploration and Production Corp.
(Pacific; Long-term Foreign and Local Currency Issuer Default
Ratings of 'C') to restricted default (RD).  This could occur after
the expiration of the recently negotiated extension with
bondholders of the time in which to declare principal due and
payable on certain notes.  Fitch considers the extension of
multiple waivers or forbearance periods upon a payment default a
restricted default given they represent a material reduction in
terms compared with the original contractual terms.  Furthermore,
the extension of multiple waivers can be interpreted as a tool that
is being conducted in order to avoid bankruptcy.

                        *     *     *


On April 7, 2016, the TCR reported that Fitch Ratings downgraded
Pacific Exploration and Production Corp.'s (Pacific) Foreign and
Local Currency Long-term Issuer Default Ratings (IDRs) to
restricted default 'RD' from 'C'.  Concurrently, Fitch affirmed the
'C/RR4' long-term rating on Pacific's outstanding senior unsecured
debt issuances totaling approximately USD4 billion with final
maturities in 2019 through and 2025.

On Jan. 21, 2016, the TCR reported that Moody's Investors Service
has downgraded Pacific Exploration & Production Corp. (Pacific
E&P)'s corporate family rating and senior unsecured debt ratings to
C from Caa3.

The TCR, on Jan. 20, 2016, reported that Standard & Poor's Ratings
Services said it lowered its long-term corporate credit and
issue-level ratings on Pacific Exploration and Production Corp.
(Pacific) to 'CC' from 'CCC+'.  S&P also removed the rating from
CreditWatch with negative implications.  The outlook is negative.

On Jan. 14, 2016, Pacific announced that it has elected to utilize
the 30 day grace period rather than make the interest payments due
on Jan. 19, 2016 and Jan. 26, 2016 of about $65 million.  Although
the company is still current on those obligations, S&P expects
default to be a virtual certainty.


PACIFIC EXPLORATION: Obtains Initial Court Order Under CCAA
-----------------------------------------------------------
Pacific Exploration & Production Corp. ("Pacific" or the "Company")
disclosed that, further to its announcement earlier on April 27,
that it and certain of its direct and indirect subsidiaries
(collectively, the "Filing Entities") have obtained an Initial
Order from the Superior Court of Justice in Ontario (the "Court")
under the Companies' Creditors Arrangement Act ("CCAA").

The Initial Order:

   -- authorizes the Filing Entities to commence a Court-supervised
restructuring proceeding;

   -- provides protections to allow normal operations to continue
as the Filing Entities proceed to consummate a proposed
comprehensive restructuring transaction (the "Restructuring
Transaction") further to Pacific's previously announced agreement
with certain noteholders, lenders and The Catalyst Capital Group
Inc.; and

   -- approves: (i) a U.S. $500 million debtor-in-possession
financing facility and a super priority lien over assets of the
Filing Entities to secure the obligations under that facility; and
(ii) a U.S. $134 million letter of credit facility and a second
priority lien over assets of the Filing Entities to secure the
obligations under that facility, all as part of the previously
announced Restructuring Transaction.

Under the Initial Order, PricewaterhouseCoopers Inc. ("PwC") has
been appointed as Monitor of the Company.  PwC's role will be to
monitor and report to the Court with respect to the Company's
operations and the CCAA proceeding generally.  PwC has established
a website with further details about the CCAA proceedings.  The
site can be accessed at www.pwc.com/ca/pacific

The Filing Entities will also be commencing appropriate proceedings
in Colombia, under Law 1116, and recognition proceedings in the
United States under chapter 15 of the U.S. Bankruptcy Code, at a
later date.

All operations of the Company's subsidiaries (the "Pacific Group")
are expected to continue as normal throughout this process.
Importantly, the Company expects regular payments will be made to
all of the Pacific Group's suppliers, trade partners, and
contractors across the jurisdictions in which it operates in
accordance with local regulations.  Additionally, employees will
continue to be paid throughout this process, without disruption.
The Company's bank indebtedness and indebtedness in respect of its
senior unsecured notes will be restructured pursuant to the terms
of the Restructuring Transaction.

The Initial Order of the Court provides that the Company is
relieved of any obligation to call and hold an annual meeting of
its shareholders until further ordered by the Court.

The Company also announced that Messrs. Valdez, Millares,
Betancourt and Alvarado have resigned as directors of the Company,
effective immediately.

"We would like to thank Jose de Jesus Valdez, Raul Millares,
Alejandro Betancourt and Orlando Alvarado for their time and
contributions as directors of Pacific," said Ronald Pantin, Chief
Executive Officer of the Company.  "We look forward to continuing
to work with ALFA, S.A.B. de C.V. as partners in Block Z-1,
offshore Peru and hope to be able to continue to work together to
identify and pursue opportunities in Mexico offered by the recent
opening up of the energy sector to foreign investment."

The Company is being advised by Lazard Frères & Co. LLC, Norton
Rose Fulbright Canada LLP (Canada), Proskauer Rose LLP (U.S.),
Zolfo Cooper (U.S.) and Garrigues (Colombia).  The independent
committee of the board of directors of the Company is being advised
by Osler, Hoskin & Harcourt LLP and UBS Securities Canada Inc. The
Ad Hoc Committee is being advised by Evercore Group L.L.C. (U.S.),
Goodmans LLP (Canada), Paul, Weiss, Rifkind, Wharton & Garrison LLP
(U.S.) and Cardenas y Cardenas Abogados (Colombia).  FTI Consulting
(U.S.), Davis Polk & Wardwell LLP (U.S.), Torys LLP (Canada) and
Gomez-Pinzon Zuleta Abogados (Colombia) are counsel to the agent on
the revolving credit facility of the Company, and Seward & Kissel
is counsel to the agent on the HSBC Bank, USA, N.A. term loan of
the Company. Catalyst is being advised by Brown Rudnick LLP (U.S.),
McMillan LLP (Canada) and GMP Securities L.P. Kingsdale Shareholder
Services has been retained as a strategic advisor and proxy
solicitation agent.

              About Pacific Exploration & Production

Pacific Exploration & Production Corp. is a Canadian public company
and a leading explorer and producer of natural gas and crude oil,
with operations focused in Latin America.  The Company has a
diversified portfolio of assets with interests in more than 70
exploration and production blocks in various countries including
Colombia, Peru, Guatemala, Brazil, Guyana and Belize. The Company's
strategy is focused on sustainable growth in production & reserves
and cash generation.  

The Troubled Company Reporter-Latin America, on Feb. 23,
2016,reported that Fitch Ratings says that the agency could
downgrade its ratings on Pacific Exploration and Production Corp.
(Pacific; Long-term Foreign and Local Currency Issuer Default
Ratings of 'C') to restricted default (RD).  This could occur after
the expiration of the recently negotiated extension with
bondholders of the time in which to declare principal due and
payable on certain notes.  Fitch considers the extension of
multiple waivers or forbearance periods upon a payment default a
restricted default given they represent a material reduction in
terms compared with the original contractual terms.  Furthermore,
the extension of multiple waivers can be interpreted as a tool that
is being conducted in order to avoid bankruptcy.

                        *     *     *


On April 7, 2016, the TCR reported that Fitch Ratings downgraded
Pacific Exploration and Production Corp.'s (Pacific) Foreign and
Local Currency Long-term Issuer Default Ratings (IDRs) to
restricted default 'RD' from 'C'.  Concurrently, Fitch affirmed the
'C/RR4' long-term rating on Pacific's outstanding senior unsecured
debt issuances totaling approximately USD4 billion with final
maturities in 2019 through and 2025.

On Jan. 21, 2016, the TCR reported that Moody's Investors Service
has downgraded Pacific Exploration & Production Corp. (Pacific
E&P)'s corporate family rating and senior unsecured debt ratings to
C from Caa3.

The TCR, on Jan. 20, 2016, reported that Standard & Poor's Ratings
Services said it lowered its long-term corporate credit and
issue-level ratings on Pacific Exploration and Production Corp.
(Pacific) to 'CC' from 'CCC+'.  S&P also removed the rating from
CreditWatch with negative implications.  The outlook is negative.

On Jan. 14, 2016, Pacific announced that it has elected to utilize
the 30 day grace period rather than make the interest payments due
on Jan. 19, 2016 and Jan. 26, 2016 of about $65 million.  Although
the company is still current on those obligations, S&P expects
default to be a virtual certainty.


PACIFIC EXPLORATION: Provides Update on Restructuring Transaction
-----------------------------------------------------------------
Pacific Exploration & Production Corp. on April 29 provided an
update with respect to its comprehensive restructuring transaction
(the "Restructuring Transaction") with: (i) certain holders of the
Company's senior unsecured notes (the "Supporting Noteholders")
(including certain members of an ad hoc committee of holders of the
Company's senior unsecured notes (the "Ad Hoc Committee")), (ii)
certain of the Company's lenders under its credit facilities (the
"Supporting Bank Lenders", and together with the Supporting
Noteholders, the "Supporting Creditors"), and (iii) The Catalyst
Capital Group Inc. ("Catalyst").  The Restructuring Transaction
will significantly reduce debt, improve liquidity, and best
position the Company to navigate the current oil price
environment.

Restructuring Update

Currently, the Restructuring Transaction has support from
Supporting Creditors holding approximately 67.83% of the aggregate
principal amount of the debt held by the Company's noteholders and
lenders under the Company's credit facilities.  Subject to the
terms and conditions of the restructuring support agreement entered
into by the Company, the Supporting Creditors and Catalyst (the
"Support Agreement"), the Supporting Creditors have agreed to
support and vote in favor of the Restructuring Transaction.

On April 27, 2016, the Company and certain of its direct and
indirect subsidiaries (the "Filing Entities") obtained an Initial
Order from the Superior Court of Justice in Ontario under the
Companies' Creditors Arrangement Act.

"Pacific is pleased to see such a high level of support for the
Restructuring Transaction from the Supporting Creditors and expects
to work quickly and efficiently to improve the Company's balance
sheet without disruption to its operations," commented Ronald
Pantin, Chief Executive Officer of the Company.

All operations of the Company's subsidiaries (the "Pacific Group")
are expected to continue as normal throughout this process.
Importantly, the Company expects regular payments will be made to
all of the Pacific Group's suppliers, trade partners, and
contractors across the jurisdictions in which it operates in
accordance with local regulations.  Additionally, employees will
continue to be paid throughout this process, without disruption.

The Restructuring Transaction is expected to be consummated by the
end of the third quarter of 2016, subject to successfully obtaining
all relevant and required regulatory, creditor and court
approvals.

Supporting Noteholder Consideration Deadline Extension

Noteholders were offered their pro rata share of 2.2% of the common
shares of the reorganized Company (the "Supporting Noteholder
Consideration") if they signed and retuned a joinder to the Support
Agreement on or before 5:00 p.m. (Toronto/New York time) on April
29, 2016 (the "Early Support Deadline").  At the request of a
significant group of noteholders who would like to take advantage
of the Supporting Noteholder Consideration but require further time
to process the required documentation, the Early Support Deadline
has been extended to Friday May 6, 2016 at 5:00 p.m. (Toronto/New
York time).  No further extensions will be granted.

All noteholders are encouraged to sign the Support Agreement by
execution of a joinder thereto.  A copy of the Support Agreement
and the joinder are available on the Company's website at
www.pacific.energy

Please contact either: (i) Peter Volk, General Counsel of the
Company (telephone: +1 (416) 362-7735 ext. 223; email:
pvolk@pacificcorp.energy), or (ii) Michael Galego, Deputy General
Counsel and Secretary of the Company (telephone: +1 (416) 362-7735
ext. 234; email: mgalego@pacificcorp.energy) if you have any
questions.

The Supporting Noteholder Consideration shall be payable subject
to, and only upon, consummation of the Restructuring Transaction.
If a Supporting Noteholder otherwise entitled to the Supporting
Noteholder Consideration transfers (in accordance with the Support
Agreement) the notes in respect of which such Supporting Noteholder
Consideration would have been payable, the transferee of such notes
shall be entitled to that portion of the Supporting Noteholder
Consideration attributable to the transferred notes.  The
Supporting Noteholder Consideration shall not be payable if the
Supporting Noteholder terminates its obligations under the Support
Agreement.  The amount of the Supporting Noteholder Consideration
will be funded from the pro rata portion of the affected creditor
consideration otherwise allocated to the Company's noteholders
under the Restructuring Transaction and will not impact the pro
rata recovery of the lenders under the Company's credit
facilities.

Shareholder Contact Information

Shareholders are reminded that any questions or concerns can be
directed to the Company at ir@pacificcorp.energy   

Noteholder Contact Information

Noteholders with questions or wishing to sign the joinder to the
Support Agreement under the Restructuring Transaction are
encouraged to contact Kingsdale Shareholder Services at
1-877-659-1821 toll-free in North America or call collect at
1-416-867-2272 outside of North America or by email at
contactus@kingsdaleshareholder.com

                     About Pacific Exploration

Pacific Exploration & Production Corporation, et al., together with
their non-debtor subsidiaries, affiliates, and branches are
involved in the exploration, development, and production of oil and
natural gas interests, principally in Colombia, and, to a lesser
extent, in other jurisdictions including Peru, Brazil, and Belize.

As disclosed in Court documents, the Debtors reported total sales
of approximately $2.82 billion for the year ended Dec. 31, 2015,
from all of its operations.  Over the course of 2015, the Company's
oil and natural gas properties produced on a gross basis on average
303,882 boe per day, with an average daily net production (after
royalties and payments to its joint venture partners) of 154,472
boe per day.

Pacific, et al., each filed a Chapter 15 bankruptcy petition (Bank.
S.D.N.Y. Case Nos. 16-11189 to 16-11211) on April 29, 2016.  The
petitions were signed by PricewaterhouseCoopers Inc. as the
court-appointed monitor and authorized foreign representative of
the Debtors.

Willkie Farr & Gallager, LLP represents the Monitor as counsel.
Judge James L. Garrity Jr. is assigned to the cases.


PACIFIC SUNWEAR: Ernie Sibal Named VP and CFO
---------------------------------------------
Pacific Sunwear of California, Inc., on April 22, 2016, selected
Ernie Sibal, age 44, as its Vice President and Chief Financial
Officer. Mr. Sibal has been the Company's Vice President of Real
Estate, Construction and Strategy since September 2015.

Before that, he was the Company's Senior Director of Real Estate,
Construction and Strategy. Mr. Sibal has been employed by the
Company since 2008 and has been instrumental in the restructuring
and management of the Company's real estate portfolio. He has a
B.S. in Civil Engineering from Stanford University.

Mr. Sibal replaces Chris Tedford, who resigned as the Company's
Vice President and Interim Chief Financial Officer on April 22,
2016, to pursue other endeavors. Since Mr. Tedford's resignation
was voluntary, he will not be entitled to receive severance
benefits from the Company.

Mr. Sibal will report to Gary H. Schoenfeld, the Company's
President and CEO, and will receive a base salary of $300,000 per
year. He will be entitled to receive an annual bonus based on the
Company's achievement of a pre-set financial target and his
achievement of performance criteria determined by Mr. Schoenfeld.
His target bonus will be 35% of his base salary with a maximum
bonus opportunity equal to 70% of his base salary. He also will be
entitled to participate in the Company's benefits plans on terms
consistent with those applicable to other executives of the
Company.

                      About Pacific Sunwear

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc. operates in the teen and young
adult retail sector, selling men's and womens apparel,
accessories,
and footwear. The Company went public in 1993 (NASDAQ: PSUN), and
peaked with 965 stores in 2006. At present, the Company has
approximately 593 retail locations nationwide under the names
"Pacific Sunwear" and "PacSun," which stores are principally in
mall locations. The Company has 2,000 full-time workers. Through
its ecommerce business, the Company operates an e-commerce site at
http://www.pacsun.com/    

On April 7, 2016, Pacific Sunwear of California, Inc., and two
affiliated debtors each filed a voluntary petition for relief
under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy
Court
for the District of Delaware.  The cases are jointly administered
under Case No. 16-10882 and are pending before the Honorable
Laurie
Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys; FTI Consulting, Inc.,
as financial advisor; Guggenheim Securities, LLC, as investment
banker; and Prime Clerk LLC as claims and noticing agent.


PACIFIC SUNWEAR: Hires RCS as Real Estate Consultant
----------------------------------------------------
Pacific Sunwear of California, Inc., Miraloma Borrower Corporation,
and Pacific Sunwear Stores Corp. seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ RCS Real
Estate Advisors as real estate consultant, nunc pro tunc to the
April 7, 2016 petition date.

RCS has agreed to act as the Debtors' real estate consultant.  In
its capacity as real estate consultant, RCS will advise and assist
the Debtors' management with the following services, among others,
as requested by the Debtors:

   (a) creation of a Lease Portfolio Book, which shall be used as
       a basis for RCS's analysis and shall centralize the
       following information:  (i) current and future lease terms,

       (ii) current and historical sales, (iii) current and
       historical profitability, EBIT, and/or EBITDA, (iv)
       occupancy costs, including base rent, percentage rent, and
       extra charges, (v) landlords, (vi) square footages, (vii)
       locations, (viii) designated properties rental costs
       relative to location profitability, (ix) designated
       properties sales relative to square footage, and (x)
       designated properties termination date, option information,

       and kick out information;  

   (b) in-depth analysis of all of the Debtors' leased retail real

       estate assets, including a review of each asset's occupancy

       costs relative to sales volume and store profit
       contribution;

   (c) assist Debtors in developing a Real Estate Action Plan
       to determine the most suitable course of action for each
       store;

   (d) following the development of a Real Estate Action Plan,
       contact each designated landlord with respect to
       negotiation of the real estate goals and parameters; and  

   (e) work with landlords and the Debtors to document accurately
       all lease modification proposals and provide timely status
       reports that reflect current progress.

RCS will be paid at these hourly rates:

       President            $650
       Vice President       $550
       Paralegal            $375
       Administrators       $250

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

As described in the Engagement Letter, RCS requests compensation
for services performed in connection with renegotiating the terms
of the Debtors' store leases (each a "Renegotiated Lease").  RCS's
compensation shall be in the form of a percentage commission of the
difference (the "Cost Savings") between (i) the original lease
terms prior to any lease reductions negotiated by RCS and (ii) the
reduced rental payments renegotiated by RCS.  The Original Lease
Terms shall be defined as the total occupancy costs the applicable
Debtor is paying at the time of RCS's retention.  The amount of the
applicable percentage commission to be paid to RCS is between 1%
and 5% of yearly Cost Savings, depending on (i) the category of the
particular Renegotiated Lease and (ii) the achievement of certain
minimum savings thresholds.  Additionally, the total fees to be
paid to RCS in connection with the services set forth in the
Engagement Letter are subject to certain caps and subject to
reduction if certain elements are not satisfied, as set forth in
the Engagement Letter.

Prior to the Petition Date, the Debtors paid to RCS a
non-refundable retainer fee in the amount of $50,000 in connection
with RCS's retention and in accordance with the terms of the
Engagement Letter.  As of the Petition Date, the balance of the
Retainer is $44,160.18.  The Debtors understand that RCS shall
exhaust the Retainer it is holding in satisfaction of
Court-approved compensation and reimbursement awarded before
seeking additional payments from the Debtors on account of such
allowed awards.

Ivan L. Friedman, founder, president, and chief executive officer
of RCS, 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.

The Court will hold a hearing on the application on May 16, 2016,
at 10:00 a.m.  Objections, if any, are due May 9, 2016, at 4:00
p.m.

RCS can be reached at:

       Ivan L. Friedman
       RCS REAL ESTATE ADVISORS
       460 West 34th Street
       New York, NY 10001
       Tel: (212) 239-1100
       Fax: (212) 268-5484

                      About Pacific Sunwear

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc. operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993 (NASDAQ: PSUN), and
peaked with 965 stores in 2006. At present, the Company has
approximately 593 retail locations nationwide under the names
"Pacific Sunwear" and "PacSun," which stores are principally in
mall locations. The Company has 2,000 full-time workers. Through
its ecommerce business, the Company operates an e-commerce site at
http://www.pacsun.com/    

On April 7, 2016, Pacific Sunwear of California, Inc., and two
affiliated debtors each filed a voluntary petition for relief under
Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
for the District of Delaware.  The cases are jointly administered
under Case No. 16-10882 and are pending before the Honorable Laurie
Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys; FTI Consulting, Inc.,
as financial advisor; Guggenheim Securities, LLC, as investment
banker; and Prime Clerk LLC as claims and noticing agent.



PARAGON SHIPPING: Provides Update on Debt Agreements
----------------------------------------------------
Paragon Shipping Inc. ("Paragon" or the "Company") on April 28
announced the following updates on its debt agreements, newbuilding
contracts and other corporate actions:

Newbuilding Contracts

The Company has entered into an agreement with Jiangsu Yangzijiang
Shipbuilding Co., or Yangzijiang, to extend the deliveries of its
three Kamsarmax newbuilding drybulk carriers (Hull numbers YZJ1144,
YZJ1145 and YZJ1142), to September 30, 2016, October 31, 2016 and
November 30, 2016, respectively, subject to certain conditions.

Bank of Ireland - Unsecured Paid-in-Kind Note ("PIK Note")

In January 2016, the Company agreed with Bank of Ireland to apply
the total net proceeds from the sale of M/V Kind Seas towards an
immediate prepayment of the loan facility.  An amount of $2.2
million was written-off and the remaining amount of $2.2 million,
plus accrued interest, was converted into a PIK Note.  The PIK Note
was non-amortizing and had a maturity date of December 31, 2020, at
which time it would be repaid at par.  Interest on the PIK Note
would accrue on a quarterly basis at an interest rate equal to the
aggregate of 2.5% and the applicable LIBOR, and would be treated as
payment-in-kind.  On April 11, 2016, the Company received a notice
of cancellation, pursuant to which it was discharged from all of
its obligations under the PIK Note.

Other Corporate Actions

On April 26, 2016, the Company and Mr. Michael Bodouroglou, the
Company's Chairman, President, Chief Executive Officer and Interim
Chief Financial Officer, filed a law suit against Tradewinds and
their financial reporter, Mr. Joe Brady Stamford for defamation
damages.  In particular on February 18, 2016, Tradewinds reported
that the Company had obtained its Board of Directors approval for
filing bankruptcy under Chapter 11.  The Company and its Board of
Directors declared that the above statement was totally untrue. The
Company believes that such false statements had a negative impact
on the Company, its reputation and stock price.  The lawsuit was
submitted before the Prosecutor of the Criminal Court of Athens.

Senior Unsecured Notes due 2021

In relation to the issued and outstanding senior unsecured notes
due 2021 that bear interest at a rate of 8.375% per year
("Unsecured Notes"), the Company will not proceed with the interest
payment, which is due on May 15, 2016, due to lack of liquidity.

                   About Paragon Shipping Inc.

Paragon Shipping -- http://www.paragonship.com-- is an
international shipping company incorporated under the laws of the
Republic of the Marshall Islands with executive offices in Athens,
Greece, specializing in the transportation of drybulk cargoes.
Paragon Shipping's current fleet consists of twelve drybulk vessels
with a total carrying capacity of 719,769 dwt.  In addition,
Paragon Shipping's current newbuilding contracts consist of two
Ultramax and three Kamsarmax drybulk carriers that are scheduled to
be delivered between the fourth quarter of 2015 and the first
quarter of 2016.  The Company's common shares and senior notes
trade on the NASDAQ Capital Market under the symbols "PRGN" and
"PRGNL," respectively.


PEABODY ENERGY: U.S. Trustee Forms 7-Member Committee
-----------------------------------------------------
The Office of the U.S. Trustee on April 29 appointed seven
creditors of Peabody Energy Corp. to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Wilmington Trust Company, as Indenture Trustee
         Co-Chair of Committee
         Attn: Steven M. Cimalore
         Rodney Square North
         1100 N. Market Street
         Wilmington, DE 19890

     (2) Wilmington Savings Fund Society, FSB
         Attn: Patrick Healy
         500 Delaware Avenue, 11th Floor
         Wilmington, DE 19801

     (3) United Mine Workers of America
         1974 Pension Plan and Trust
         Attn: David W. Allen, General Counsel
         2121 K Street, N.W.
         Washington, DC 20037

     (4) Pension Benefit Guaranty Corporation
         Attn: John J. Butler, Financial Analyst
         1200 K Street, N.W.
         Washington, DC 20005-4026

     (5) Kinder Morgan, Inc.
         Attn: Andew C. Sheedy
         1001 Louisiana, Suite 1000
         Houston, TX 77002

     (6) Wagner Equipment Co.
         Co-Chair of Committee
         Attn: Alex Rosie
         18000 Smith Road
         Aurora, CO 80011

     (7) Dyno Nobel Inc.
         Attn: Jeffrey Droubay
         2795 E. Cottonwood Parkway, Suite 500
         Salt Lake City, UT 84121

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

                       About 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.


PHILLIPS INVESTMENT: Seeks Approval of Roof Replacement Contract
----------------------------------------------------------------
Phillips Investments, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Georgia, Atlanta Division, to approve a
contract with GMC Blue Service, Inc., for the permanent replacement
of the roof in the commercial shopping center located at 2300
Pleasant Hill Road, in Duluth, Georgia.

The parties agreed that the new roof and installation will come
with a 20 year premium NDL Firestone Warranty, a contract price of
$508,467 to replace the roof and up to 20,000 square feet of
insulation subject to an increase at $3.00 per square foot for
insulation replacement that exceeds 20,000 square feet.  The
parties also agreed that the work is subject to approval by the
Debtor's insurance company, otherwise, the contract will be
terminated at no cost to the Debtor or GMC.

Phillips Investments, LLC, is represented by:

       J. Robert Williamson
       J. Hayden Kepner, Jr.
       SCROGGINS & WILLIAMSON, P.C.
       One Riverside
       4401 Northside Parkway
       Suite 450
       Atlanta, GA 30327
       Telephone: (404) 893-3880
       Email: rwilliamson@swlawfirm.com
              hkepner@swlawfirm.com

Great Wall Supermarket of GA. Inc. is represented by:

       John W. Mills, Esq.
       Gary S. Freed, Esq.
       BARNES & THORNBURG LLP
       3475 Piedmont Road N.E.
       Suite 1700
       Telephone: 404.846.1693
       Facsimile: 404.264.4033
       Email: John.Mills@btlaw.com
              Gary.Freed@btlaw.com

           About Phillips Investments

Phillips Investments, LLC, a Georgia limited liability company that
was formed in 2001, filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 14-61444) on June 11, 2014.  Ly Phillips, the
managing member, signed the petition.  Judge Mary Grace Diehl
presides over the case.  

As of the Petition Date, the Debtor's primary business was owning
and managing two shopping centers and related real estate located
in Gwinnett County, Georgia, generally known as Gwinnett Station
and Gwinnett Prado.  Gwinnett Station consists of approximately 9.7
acres of improved real property, including a building of
approximately 103,090 square feet, that was located at or about
2180 Pleasant Hill Road, Duluth, Georgia. Gwinnett Prado consists
of approximately 32 acres of improved real property, including
buildings totaling approximately 361,715 square feet, that was
located at or about 2300 Pleasant Hill Road, Duluth, Georgia.

The Debtor disclosed $29,558,424 in assets and $28,667,234 in
liabilities as of the Chapter 11 filing.

As of the Petition Date, the Debtor's largest creditor was East
West Bank.  Great Wall is the Debtor's most significant tenant,
paying monthly rent of approximately $75,000.

Scroggins & Williamson, P.C., serves as the Debtor's counsel.

                                       *     *     *

The Debtor in December 2014 won approval from the Bankruptcy Court
in December to sell part of the property known as Gwinnett Station
to Pleasant Hill Real Estate LLC for $8.4 million.  A copy of the
sale order is available at:
http://bankrupt.com/misc/Phillips_I_84_GS_Sale_Ord.pdf  

The hearing to consider confirmation of the Debtor's Reorganization
Plan, originally scheduled for Jan. 25, 2016, has been rescheduled
to March 7 and 8, 2016, to give the parties time to negotiate.


PHILLIPS INVESTMENTS: Has Court OK to Use $30K Cash for Roof Repair
-------------------------------------------------------------------
Judge Mary Grace Diehl of the U.S. Bankruptcy Court for the
Northern District of Georgia, Atlanta Division, approved Phillips
Investments, LLC'S contract with GMC Blue Service, Inc., and
permitted the Debtor to use up to $30,000 of East West Bank's cash
collateral to pay GMC under the contract.

The Debtor entered into a contract for GMC to perform temporary
roof repairs for up to $30,000.  The Debtor also spent an
additional $6,000 to pay its roof inspector, Inspection Services of
America, and appraiser, James C. Cook.  The Debtor sought authority
to use cash collateral in relation to the roof repairs.

The Debtor explained that although all parties agree to the
necessity of roof repairs as soon as possible to stop the leaks,
East West Bank, who does not want to get in the middle of a
dispute, has indicated that it would not consent to the use of its
cash collateral until dispute between the Debtor and Great Wall of
GA, Inc., is resolved, either consensually between the parties or
by order of the Court.  Accordigly, the Debtor asks the Court to
specifically approve the contract and authorize the Debtor to enter
into the transaction contemplated in the contract.

Great Wall asserted that there is no feasible "temporary" repair
plan to stop the roof over its supermarket from leaking, thus,
accordingly, Great Wall has filed a motion asking the Court to
allow Great Wall to replace the roof and to be reimbursed through
transfer of a $200,000 security deposit and offset of rent.  Judge
Diehl denied Great Wall's Motion.

A full-text copy of the Cash Collateral Order for Roof Inspector
Contract dated Feb. 22, 2016 is available at http://is.gd/nPPdpf

In another order, Judge Diehl authorized the Debtor to use East
West's cash collateral to pay ISA the sum of $2,619 and the unpaid
portion of the invoice of James C. Cook, MAI in an amount of
$2,625.  A full-text copy of the Cash Collateral Order dated Feb.
24, 2016 is available at http://is.gd/6m7RWs

Phillips Investments, LLC is represented by:

       J. Robert Williamson
       J. Hayden Kepner, Jr.
       SCROGGINS & WILLIAMSON, P.C.
       One Riverside
       4401 Northside Parkway
       Suite 450
       Atlanta, GA 30327
       Telephone: (404) 893-3880
       Email: rwilliamson@swlawfirm.com
              hkepner@swlawfirm.com

Great Wall Supermarket of GA. Inc. is represented by:

       John W. Mills, Esq.
       Gary S. Freed, Esq.
       BARNES & THORNBURG LLP
       3475 Piedmont Road N.E.
       Suite 1700
       Telephone: 404.846.1693
       Facsimile: 404.264.4033
       Email: John.Mills@btlaw.com
              Gary.Freed@btlaw.com

               About Phillips Investments

Phillips Investments, LLC, a Georgia limited liability company that
was formed in 2001, filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 14-61444) on June 11, 2014.  Ly Phillips, the
managing member, signed the petition.  Judge Mary Grace Diehl
presides over the case.  

As of the Petition Date, the Debtor's primary business was owning
and managing two shopping centers and related real estate located
in Gwinnett County, Georgia, generally known as Gwinnett Station
and Gwinnett Prado.  Gwinnett Station consists of approximately 9.7
acres of improved real property, including a building of
approximately 103,090 square feet, that was located at or about
2180 Pleasant Hill Road, Duluth, Georgia. Gwinnett Prado consists
of approximately 32 acres of improved real property, including
buildings totaling approximately 361,715 square feet, that was
located at or about 2300 Pleasant Hill Road, Duluth, Georgia.

The Debtor disclosed $29,558,424 in assets and $28,667,234 in
liabilities as of the Chapter 11 filing.

As of the Petition Date, the Debtor's largest creditor was East
West Bank.  Great Wall is the Debtor's most significant tenant,
paying monthly rent of approximately $75,000.

Scroggins & Williamson, P.C., serves as the Debtor's counsel.

                                       *     *     *

The Debtor in December 2014 won approval from the Bankruptcy Court
in December to sell part of the property known as Gwinnett Station
to Pleasant Hill Real Estate LLC for $8.4 million.  A copy of the
sale order is available at:
http://bankrupt.com/misc/Phillips_I_84_GS_Sale_Ord.pdf  

The hearing to consider confirmation of the Debtor's Reorganization
Plan, originally scheduled for Jan. 25, 2016, has been rescheduled
to March 7 and 8, 2016, to give the parties time to negotiate.


PHILLIPS INVESTMENTS: Tenant Wants Court to Appoint Ch. 11 Trustee
------------------------------------------------------------------
Great Wall Supermarket of GA. Inc. asks the U.S. Bankruptcy Court
to appoint a Chapter 11 Trustee for Phillips Investments, LLC, on
the grounds that the Debtor has demonstrated incompetence, gross
mismanagement, and possible fraud by failing to repair and/or fix
the leaking roof at the real property located at 2300 Pleasant Hill
Road, in Duluth, Georgia.

According to Great Wall, the Debtor has failed to ensure that its
roof contractor, GMC Blue Service, Inc., would timely repair the
roof, as represented to the Court and the Parties, where the Debtor
and GMC have misrepresented that the roof repair would begin 48
hours after the entry of the Court’s order on Feb. 22 and would
be completed in five business days, but no work was undertaken
until March 1 and March 3, upon which the Debtor has failed to
effectuate the proper repair of the roof. In addition, the leaking
roof has resulted in violations of the Gwinnett County Health Code
and poses severe safety issues on the ability of Great Wall to
continue its operations.

Great Wall Supermarket of GA. Inc. is represented by:

       John W. Mills, Esq.
       Gary S. Freed, Esq.
       BARNES & THORNBURG LLP
       3475 Piedmont Road N.E.
       Suite 1700
       Telephone: 404.846.1693
       Facsimile: 404.264.4033
       Email: John.Mills@btlaw.com
              Gary.Freed@btlaw.com

             About Phillips Investments

Phillips Investments, LLC, a Georgia limited liability company that
was formed in 2001, filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 14-61444) on June 11, 2014.  Ly Phillips, the
managing member, signed the petition.  Judge Mary Grace Diehl
presides over the case.  

As of the Petition Date, the Debtor's primary business was owning
and managing two shopping centers and related real estate located
in Gwinnett County, Georgia, generally known as Gwinnett Station
and Gwinnett Prado.  Gwinnett Station consists of approximately 9.7
acres of improved real property, including a building of
approximately 103,090 square feet, that was located at or about
2180 Pleasant Hill Road, Duluth, Georgia. Gwinnett Prado consists
of approximately 32 acres of improved real property, including
buildings totaling approximately 361,715 square feet, that was
located at or about 2300 Pleasant Hill Road, Duluth, Georgia.

The Debtor disclosed $29,558,424 in assets and $28,667,234 in
liabilities as of the Chapter 11 filing.

As of the Petition Date, the Debtor's largest creditor was East
West Bank.  Great Wall is the Debtor's most significant tenant,
paying monthly rent of approximately $75,000.

Scroggins & Williamson, P.C., serves as the Debtor's counsel.

                                       *     *     *

The Debtor in December 2014 won approval from the Bankruptcy Court
in December to sell part of the property known as Gwinnett Station
to Pleasant Hill Real Estate LLC for $8.4 million.  A copy of the
sale order is available at:
http://bankrupt.com/misc/Phillips_I_84_GS_Sale_Ord.pdf  

The hearing to consider confirmation of the Debtor's Reorganization
Plan, originally scheduled for Jan. 25, 2016, has been rescheduled
to March 7 and 8, 2016, to give the parties time to negotiate.


PITTSBURGH CORNING: Corning Inc. Equity Contributions Due in June
-----------------------------------------------------------------
Corning Incorporated acknowledged in a regulatory filing with the
Securities and Exchange Commission that the Modified Third Amended
Plan of Reorganization for Pittsburgh Corning Corporation Dated
January 29, 2009 Jointly Proposed by Pittsburgh Corning
Corporation, The Official Committee of Asbestos Creditors and The
Future Claimants' Representative, as amended (the "Amended Plan"),
including its asbestos channeling injunction, became effective on
April 27, 2016.

The Amended Plan created the Pittsburgh Corning Corporation
Asbestos Personal Injury Settlement Trust (the "Trust") to resolve
channeled asbestos claims. The Amended Plan was confirmed by the
United States Bankruptcy Court for the Western District of
Pennsylvania in May 2013, and finally confirmed by the Bankruptcy
Court in November 2013. In September 2014, the U.S. District Court
for the Western District of Pennsylvania affirmed confirmation of
the Amended Plan, and all remaining legal challenges to the Amended
Plan were withdrawn in January 2016.

Under the Amended Plan, Corning is required to contribute its
equity interests in PCC and Pittsburgh Corning Europe N.V. ("PCE"),
a Belgian corporation. Corning is required to make these equity
contributions to the Trust by early June.

At March 31, 2016, the fair value of $237 million of Corning's
interest in PCE significantly exceeded its carrying value of $159
million. The Amended Plan also requires Corning to contribute $290
million in a fixed series of payments, recorded at present value,
as follows: (1) one payment of $70 million one year from the date
the Amended Plan becomes effective and certain conditions are met;
and (2) five additional payments of $35 million, $50 million, $35
million, $50 million, and $50 million, respectively, on each of the
five subsequent anniversaries of the first payment, the final
payment of which is subject to reduction based on the application
of credits under certain circumstances. These future payments may
be prepaid at any time at a discount rate of 5.5 percent per annum
as of the prepayment date. Corning also has the option to use its
common stock rather than cash to make these payments, but the
liability is fixed by dollar value and not the number of shares.

Corning's funding obligations will be applied against a previously
established reserve of approximately $527 million (pre-tax). Under
the Amended Plan, all current and future personal injury claims
against Corning relating to exposure to asbestos-containing
products manufactured, distributed or sold by PCC will be channeled
to the Trust for resolution. Corning relinquished its claim for
reimbursement of its payments and contributions under the Amended
Plan from the insurance carriers involved in the bankruptcy
proceeding.

              About Pittsburgh Corning Corporation

Pittsburgh Corning Corporation filed for Chapter 11 bankruptcy
protection (Bankr. W.D. Pa. Case No. 00-22876) on April 16, 2000,
to address numerous claims alleging personal injury from exposure
to asbestos.  At the time of the bankruptcy filing, there were
about 11,800 claims pending against the Company in state court
lawsuits alleging various theories of liability based on exposure
to Pittsburgh Corning's asbestos products and typically requesting
monetary damages in excess of $1 million per claim.

Judge Thomas Agresti handles the bankruptcy case.  Reed Smith LLP
serves as counsel and Deloitte & Touche LLP as accountants to the
Debtor.

The U.S. Trustee appointed a Committee of Unsecured Trade
Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of Leech, Tishman, Fuscaldo & Lampl, LLC, as counsel to the
Committee of Unsecured Trade Creditors, and Pascarella & Wiker,
LLP, as financial advisor.

The U.S. Trustee also appointed a Committee of Asbestos Creditors
on April 28, 2000.  The Bankruptcy Court authorized the retention
of these professionals by the Committee of Asbestos Creditors: (i)
Caplin & Drysdale, Chartered as Committee Counsel; (ii) Campbell &
Levine as local counsel; (iii) Anderson Kill & Olick, P.C. as
special insurance counsel; (iv) Legal Analysis Systems, Inc., as
Asbestos-Related Bodily Injury Consultant; (v) defunct firm, L.
Tersigni Consulting, P.C. as financial advisor, and (vi) Professor
Elizabeth Warren, as a consultant to Caplin & Drysdale, Chartered.

The Asbestos Committee is presently represented by Douglas A.
Campbell, Esq., and Philip E. Milch, Esq., at Campbell & Levine,
LLC; and Peter Van N. Lockwood, Esq., Leslie M. Kelleher, Esq.,
and
Jeffrey A. Liesemer, Esq., at Caplin & Drysdale, Chartered.

On Feb. 16, 2001, the Court approved the appointment of Lawrence
Fitzpatrick as the Future Claimants' Representative.  The
Bankruptcy Court authorized the retention of Meyer, Unkovic &
Scott
LLP as his counsel, Young Conaway Stargatt & Taylor, LLP, as his
special counsel, and Analysis, Research and Planning Corporation
as
his claims consultant.  The FCR is presently represented by Joel
M.
Helmrich, Esq., at Dinsmore & Shohl LLP; and James L. Patton, Jr.,
Esq., Edwin J. Harron, Esq., and Sara Beth A.R. Kohut, Esq., at
Young Conaway Stargatt & Taylor, LLP.

In 2003, a plan of reorganization was agreed to by various
parties-in-interest, but, on Dec. 21, 2006, the Bankruptcy Court
issued an order denying the confirmation of that plan, citing that
the plan was too broad in addressing independent asbestos claims
that were not associated with Pittsburgh Corning.

On Jan. 29, 2009, an amended plan of reorganization (the Amended
PCC Plan) -- which addressed the issues raised by the Court when
it
denied confirmation of the 2003 Plan -- was filed with the
Bankruptcy Court.

As reported by the TCR on April 25, 2012, Pittsburgh Corning,
which
is a joint venture between Corning Inc. and PPG Industries Inc.,
filed another amendment to its reorganization plan.

PCC's balance sheet at Sept. 30, 2012, showed $29.4 billion in
total assets, $7.52 billion in total liabilities and $21.9 billion
in total equity.


POTLATCH CORP: Egan-Jones Cuts FC Sr. Unsecured Debt Rating to BB
-----------------------------------------------------------------
Egan-Jones Ratings Company lowered the foreign currency senior
unsecured rating on debt issued by Potlatch Corp. to BB from BBB on
April 28, 2016.

Potlatch Corporation is a company that owns timberlands in
Arkansas, Idaho, Minnesota and Wisconsin.  The Company grows and
harvests timber, as well as manufactures and sells wood products,
printing papers, and other pulp-based products.  Potlatch
Corporation files as a REIT for Federal Income Tax purposes.



PRO ENTERPRISES: Case Summary & 7 Unsecured Creditors
-----------------------------------------------------
Debtor: Pro Enterprises USA, Inc.
          dba ProMed USA
          dba ProPharma
          aka ProMed
          fdba ProMedCo
          aka Pro Enterprises
        7758 NW 46th Street, Unit 26
        Doral, FL 33166

Case No.: 16-16317

Chapter 11 Petition Date: April 29, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Judge: Hon. Jay A. Cristol

Debtor's Counsel: Chad P Pugatch, Esq.
                  RICE PUGATCH ROBINSON STORFER & COHEN, PLLC
                  101 NE 3 Ave Suite 1800
                  Ft. Lauderdale, FL 33301
                  Tel: (954) 462-8000
                  Email: cpugatch.ecf@rprslaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Alejandro Alan Azpurua, president/CEO.

A list of the Debtor's seven largest unsecured creditors is
available for free at http://bankrupt.com/misc/flsb16-16317.pdf


PUERTO RICO: COFINA Senior Creditors Comment on Bond Default
------------------------------------------------------------
The senior creditors of the Puerto Rico Sales Tax Financing
Corporation ("COFINA") issued the following statement on May 2
regarding Puerto Rico Governor Alejandro Garcia Padilla's executive
order to suspend debt payments owed by the Government Development
Bank (GDB):

"Without the legal framework and restructuring tools required to
address this debt crisis, Puerto Rico's leaders will continue
making decisions out of desperation.  Governor Padilla's executive
order to default on nearly $370 million in bond payments should
underscore for Congress that the cost of political inaction is
rising and reinvigorate members' efforts to pass the Puerto Rico
Oversight, Management, and Economic Stability Act (PROMESA).
Although the suspension of payments by the GDB does not impact
COFINA's creditors, our group wants to reiterate its support for
pragmatic legislation that helps overhaul the Commonwealth's
obligations, reignite on-island growth and shield U.S. taxpayers
from funding a bailout," said former Senator Judd Gregg (R-NH), an
advisor to the COFINA Senior Bondholders Ad Hoc Group.

Sen. Gregg adds: "Input from solutions-oriented creditor groups and
conservative policy experts is helping the House Natural Resources
Committee improve its initial version of PROMESA.  We ask all
external stakeholders to join us in helping the Committee finalize
a bill that treats bondholders equitably and fairly based on their
legal rights.  Now is the time for responsible action—otherwise
U.S. taxpayers as well as the Puerto Rican people will be at
risk."

                    About Senator Judd Gregg

Gregg served as a United States Senator from 1993 to 2011.  He was
Chairman and Ranking Member of the Senate Budget Committee and also
Chairman and ranking member of the Health, Education, Labor and
Pension Committee.  He was a senior member of the Senate Banking
Committee and chaired the Appropriation's subcommittees on Foreign
Operations; Homeland Security; and Commerce, State and Justice.  
He also served on President Obama's National Commission on Fiscal
Responsibility and Reform (Simpson-Bowles) and worked to produce a
comprehensive plan to reduce the national debt.  Prior to his
tenure in the Senate, Gregg served as Governor of New Hampshire and
as a U.S. Representative.  As Governor, Gregg steered New Hampshire
through one of its most difficult economic times leaving it with a
balanced budget and a strong infrastructure, which included
reorganizing the State's major utilities and banking system.

          About the COFINA Senior Bondholders Ad Hoc Group

The Group is a coalition of creditors made up of retirees and
individual investors in Puerto Rico and throughout the United
States, as well as asset managers GoldenTree Asset Management LP,
Merced Capital LP, Tilden Park Capital Management, Whitebox
Advisors LLC, and others.

The COFINA Senior Bondholders Ad Hoc Group has come out in support
of many of the components of the PROMESA legislation released by
the House Natural Resources Committee.  The framework ensures that
creditors are treated fairly and equitably based on their legal
standing and provides a strong foundation for federal legislation
to address the Commonwealth's economic crisis.  The group believes
efforts to reach consensual debtor-creditor agreements should be
encouraged, but will ultimately require PROMESA to implement and
bind holdouts.


PUERTO RICO: Defaults on Principal of $422-Mil. Debt Payment
------------------------------------------------------------
Mary Williams Walsh, writing for The New York Times' DealBook,
reported that Puerto Rico's default on most of a $422 million debt
payment on May 2 puts the spotlight back on Washington to enact a
rescue package for the island, and congressional aides said a
revised bill would be introduced next week.

According to the report, on May 2, Treasury Secretary Jacob J. Lew
renewed his call on Congress to act swiftly, warning in a letter to
House Speaker Paul Ryan that without a legal framework for a debt
restructuring, Puerto Rico is in danger of getting caught in "a
series of cascading defaults" that could lead to a taxpayer
bailout.

"This is not just a matter of financial liabilities and
litigation," Mr. Lew said in the letter, which was circulated to
other lawmakers and released publicly, the report related.  Late
last year, Mr. Ryan instructed the relevant House committees to
find a "reasonable solution" for Puerto Rico, the report further
related.

Mr. Lew, in the May 2 letter and in an interview in April with the
Spanish-language television station Univision, cited signs of
mounting woes, including the closing of hospital facilities on the
island and the struggle to contain the spread of the Zika virus
with scant financial resources available, the report said.  "The
human costs for the 3.5 million Americans in Puerto Rico are real.
And they are escalating daily," Mr. Lew wrote, the report added.


QUANTUM CORP: VIEX Capital, et al., Want Board Reconstituted
------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, VIEX Capital Advisors, LLC et al., disclosed that as of
April 28, 2016, they beneficially own 26,241,996 shares of common
stock of Quantum Corporation representing 9.9 percent of the shares
outstanding.

On April 28, 2016, the Reporting Persons delivered a letter to the
Compay's Board of Directors highlighting the Company's track record
for poor performance and the destruction of stockholder value that
has occurred as a result.  The Reporting Persons stated that the
most effective way to improve the Company's performance, address
credibility issues and restore investor confidence is to
reconstitute the Board.  The Reporting Persons made clear that they
intend to exercise all rights available to them to improve the
Company's performance, including the right to nominate a slate of
highly-qualified directors at the Issuer’s upcoming Annual
Meeting.

A copy of the regulatory filing is available for free at:

                      http://is.gd/MZEmq4

                      About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the
year ended March 31, 2014.

As of Dec. 31, 2015, the Company had $278 million in total assets,
$355 million in total liabilities and a $76.9 million total
stockholders' deficit.


RAILYARD COMPANY: Court Denies Stay of Ch. 11 Trustee Appointment
-----------------------------------------------------------------
Judge Robert H. Jacobvitz of the U.S. Bankruptcy Court for the
District of New Mexico denied Railyard Company, LLC's Motion to
Stay Appointment of Chapter 11 Trustee pending the Debtor’s
appeal on the Order Appointing Trustee.  

Judge Jacobvitz held: "There is nothing in the Motion for Stay
Pending Appeal addressing the crucial likelihood that the party
seeking the stay will prevail on the merits of the appeal element.
. . Debtor has failed to satisfy even the relaxed standard for the
'likelihood of success' element. . . The Court based its decision
to appoint a Chapter 11 trustee upon a finding of cause, which was,
in part, based upon the gross mismanagement of Debtor's affairs by
its current management. The Court gave particular weight to
management's competence; the quality of Debtor's business
decisions; Debtor's failure to maintain adequate records or provide
timely reports; Debtor's business with related parties; and the
acrimony and loss of trust and confidence between Debtor and its
lender and anchor tenant.  These findings of fact set forth in the
Memorandum Opinion are well supported by the documentary evidence
and testimony admitted at trial.  This Court believes the prospect
an appellate court would determine that these findings of fact are
clearly erroneous is remote."

The Debtor, in its motion, stated that it is appropriate to stay
the appointment of a trustee because the actions of a trustee may
make the Debtor's appeal moot and cause grievous damages to the
Debtor.  For instance, a trustee may settle, for less than full
value, disputed debts owed to the Debtor or otherwise manage the
Debtor's assets in a manner that sacrifices the Debtor's long-term
interests in order to foster the speedy administration of the
Debtor's bankruptcy estate, the Debtor pointed out.

Railyard Company, LLC, is represented by:

       William F. Davis, Esq.
       William F. Davis & Assoc., P.C.
       6709 Academy Rd NE, Ste A
       Albuquerque, NM 78109-3363
       Telephone: (505) 243-6129
       Facsimile: (505) 247-3185
       Email: daviswf@nmbankruptcy.com

               About Railyard Company

Railyard Company, LLC, owns and developed two-story Market Station
that houses the REI sporting goods store and other tenants.  It
filed a Chapter 11 petition (Bankr. D. N.M. Case No. 15-12386) on
Sept. 4, 2015.  The petition was signed by Richard Jaramillo as
managing member.  The Debtor is represented by William F. Davis,
Esq., at William F. Davis & Associates, P.C., as counsel.

The Debtor's Chapter 11 petition says the Company has about $11.2
million in debts and $13.8 million in assets.


RCS CAPITAL: Founder Objects to Reorganization Plan
---------------------------------------------------
Lillian Rizzo, writing for Dow Jones' Daily Bankruptcy Review,
reported that RCS Capital Corp. founder Nicholas Schorsch, who
resigned as accounting irregularities came to light, is urging a
bankruptcy court to deny the brokerage's "unlawful" restructuring
plan.

In court papers filed in the U.S. Bankruptcy Court in Wilmington,
Del., Mr. Schorsch and two companies still under his control say
the plan exposes them to potential lawsuits while wrongly seeking
to tie their hands when it comes to bringing their own lawsuits,
among other complaints.

Mr. Schorsch said in court papers that he is a 50% shareholder with
respect to the Common B Stock and D-1 Preferred Stock in RCAP.  

                        About RCS Capital

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

RCS Capital Corporation and 11 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10223 to
16-10234) on Jan. 31, 2016.  The RCS Debtors' petitions were
signed by David Orlofsky as chief restructuring officer. The
Debtors disclosed total assets of $1.97 billion and total debts of
$1.39 billion.  RCS Capital Corp. disclosed total assets of
$1,403,924,232 and total liabilities of $912,449,960.

RCS Capital's affiliates led by Cetera Advisor Networks Insurance
Services, LLC and Cetera Financial Group, Inc. filed separate
Chapter 11 petitions (Bankr. D. Del. Case Nos. 16-10730 to
16-10748) on March 26, 2016.  The cases are jointly administered
under the Chapter 11 case of RCS Capital Corporation, Case No.
16-10223.

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

Cetera Advisor Networks Insurance Services, LLC, estimated under
$50,000 in assets and $500 million to $1 billion in debts.  The
Cetera Debtors' petitions were signed by Carol Flaton, chief
restructuring officer.


RGW PROPERTIES: U.S. Trustee Unable to Appoint Committee
--------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of RGW Properties of Beaver County, Inc.

RGW Properties of Beaver County, Inc. sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Western District of Pennsylvania (Pittsburgh) (Case No.
16-21342) on April 7, 2016.  The Debtor is represented by Edgardo
D. Santillan, Esq., at Santillan Law Firm, P.C.


ROLLING LANDS: Case Summary & 12 Unsecured Creditors
----------------------------------------------------
Debtor: Rolling Lands Investments, LC
        1943 Running Springs
        Kingwood, TX 77339

Case No.: 16-32141

Chapter 11 Petition Date: April 28, 2016

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

Judge: Hon. Marvin Isgur

Debtor's Counsel: David Wayne Julian, Esq.
                  LAW OFFICES OF DONALD L. WYATT, JR. PC
                  26418 Oak Ridge Drive
                  The Woodlands, TX 77380
                  Tel: 281-419-8733
                  E-mail: david.julian@wyattpc.com

                    - and -

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

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $500,000 to $1 million

The petition was signed by James W. Hammond, president.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txsb16-32141.pdf


SABINE OIL: Judge Approves Voting on Restructuring Plan
-------------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that Sabine Oil & Gas Corp. won court approval to send its
hard-fought restructuring plan out for a vote, a ruling that puts
the company on a path to seek final approval for the plan in June.

According to the report, following a hearing on April 28, Judge
Shelley Chapman of the U.S. Bankruptcy Court in Manhattan approved
ballots, and a plain-language version of the debt-repayment plan
that will soon be sent out to its creditors.

The Debtors propose a June 13, 2016 Confirmation Hearing, and a
June 3 Plan Confirmation Objection Deadline.

Sabine's plan proposes for a restructuring of the energy company
and its affiliates through a debt-for-equity conversion and the
issue of warrants to purchase stock in the reorganized companies.

The reorganized companies will enter into an agreement on the
effective date of the plan to get a new revolving credit facility
of up to $200 million from a group of lenders led by Wells Fargo
Bank, National Association.

On the effective date, the reorganized companies will also enter
into a separate agreement to get a term loan credit facility with
a
principal amount of $100 million.

Under the plan, lenders holding secured claims against Sabine and
its affiliates under a 2014 credit agreement will receive 93% of
the new common stock in the reorganized companies, subject to
dilution by the management incentive plan.

Meanwhile, creditors holding general unsecured claims, senior
notes
claims, claims under the 2012 second lien credit agreement, and a
portion of claims under the 2014 credit agreement that constitutes
a general unsecured claim will receive in the aggregate 7% of the
new common stock as well as 100% of the warrants to acquire 20%
percent of the new common stock.

The restructuring plan also proposes a settlement of certain
claims
and causes of action.  Proceeds of the settlement will be used to
fund distributions under the plan, according to the disclosure
statement.

A full-text copy of the Second Amended Plan dated April 27, 2016,
is available at http://bankrupt.com/misc/SABINEplan0427.pdf

                    About Sabine Oil & Gas

Sabine Oil & Gas Corp. is an independent energy company engaged in
the acquisition, production, exploration, and development of
onshore oil and natural gas properties in the U.S.  The Company's
current operations are principally located in the Cotton Valley
Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in
South Texas, the Granite Wash in the Texas Panhandle, and the
North Louisiana Haynesville.  The Company operates, or has joint
working interests in, approximately 2,100 oil and gas production
sites (approximately 1,800 operating and approximately 315
non-operating) and has approximately 165 full-time employees.

Sabine Oil and its affiliated entities sought Chapter 11
protection(Bankr. S.D.N.Y. Lead Case No. 15-11835) in Manhattan on
July 15, 2015.

The Debtors have engaged Kirkland & Ellis LLP and Kirkland & Ellis
International LLP, as counsel; Lazard Freres & Co. LLC, as
investment banker and Prime Clerk LLC as notice, claims and
balloting agent.  The Debtors also tapped Zolfo Cooper Management,
LLC, to provide Jonathan A. Mitchell as CRO and other additional
personnel.

The U.S. Trustee for Region 2 appointed five creditors to serve on
the official committee of unsecured creditors.  The Committee is
represented by Mark R. Somerstein, Esq., Keith H. Wofford, Esq.,
and D. Ross Martin, Esq., at Ropes & Gray LLP as their counsel.
The Committee is also hiring Blackstone Advisory Partners L.P. as
investment banker; and Berkeley Research Group, LLC as financial
advisor.


SABINE PASS: Moody's Hikes Senior Secured Debt Rating to Ba2
------------------------------------------------------------
Moody's Investors Service upgraded Sabine Pass Liquefaction, LLC's
(SPL) senior secured rating to Ba2 from Ba3. Separately, Moody's
upgraded Sabine Pass LNG, L.P. (SPLNG), an affiliate of SPL, to Ba2
from B1. The rating outlook for SPL and SPLNG is stable.

Upgrades:

Issuer: Sabine Pass Liquefaction, LLC

Senior Secured Bank Credit Facility, Upgraded to Ba2 from Ba3

Senior Secured Regular Bond/Debenture, Upgraded to Ba2 from Ba3

Issuer: Sabine Pass LNG, L.P

Senior Secured Regular Bond/Debenture, Upgraded to Ba2 from B1

Outlook Actions:

Issuer: Sabine Pass Liquefaction LLC

Outlook, Remains Stable

Issuer: Sabine Pass LNG, L.P.

Outlook, Remains Stable

RATINGS RATIONALE

The rating actions acknowledge construction accomplishments
achieved to date as SPL's Train 1 nears substantial completion and
Train 2 begins commissioning testing," said Scott Solomon, Moody's
Senior Credit Officer. "Additionally, [the] rating actions assume
Train 1 and Train 2 will move into operations without material
challenges producing near-term cash flows sufficient to fund a
substantial portion of ongoing and future construction costs and
that SPL's remaining trains currently under construction are
completed on a timely basis," added Solomon.

SPL is currently a five train liquefied natural gas (LNG) project
in Louisiana with a combined nameplate capacity of 22.5 million
tonne per annum (mtpa). Approximately 88% of SPL's capacity has
been contracted under separate 20-year LNG Sale and Purchase
Agreements (SPA) with six financially sound off-takers. SPL's
contracted revenues are expected to grow to approximately $2.9
billion annually by 2020 when all five trains are operational.

SPL's first train will achieve substantial completion in the
near-term and begin to provide early LNG cargoes to an affiliate of
BG Energy Holdings, LTD (BG: not rated), an indirect subsidiary of
Royal Dutch Shell Plc (Aa2, negative) in May 2016. We estimate that
early cargos will provide SPL with minimum monthly revenue of
approximately $30-35 million through October 2016. We anticipate
SPL's Train 1 to contractually achieve first commercial delivery in
November 2016, a milestone that begins the 20-year term of the SPA
with BG.

SPL's Train 2 is also expected to generate cash flow during 2016.
Train 2 has begun commissioning testing and is currently expected
to reach substantial completion during September 2016. Meeting this
milestone would allow SPL to begin providing early cargoes to an
affiliate of Gas Natural SDG S.A. (Gas Natural: Baa2, stable),
which we estimate would provide minimum monthly revenues of
approximately $15-20 million. The first commercial delivery to Gas
Natural from Train 2 is scheduled for August 1, 2017.

Moody's calculates that cash flow generated by SPL over the next
few years will be largely used to fund as much as $2.5 billion of
construction and financing costs.

The rating action acknowledges some challenges facing SPL,
including a fairly tight construction timeline for the completion
of Train 3 relative to the requirements under the SPA with Korea
Gas Corporation (KOGAS: Aa2 senior unsecured, stable outlook). The
current target milestone dates for Train 3 include reaching
substantial completion by April 2017 with the first commercial
delivery to KOGAS scheduled for June 1, 2017. Construction at Train
3, however, has been slower than originally anticipated potentially
putting the attainment of these target dates at risk. While Bechtel
Oil, Gas and Chemicals, Inc. (Bechtel), the engineering,
construction and procurement (EPC) contractor, has expressed
confidence with its ability to achieve substantial completion of
Train 3 by June 2017, the SPA with KOGAS provides SPL with an
approximate 13-month window to achieve first commercial delivery
which helps to mitigate this risk. Moreover, liquidated damage
payments would be required should Bechtel not achieve substantial
completion of Train 3 in June 2017. While the liquidated damage
payments, should they be triggered, do not fully compensate SPL for
the lost revenue associated with a Train 3 delay, they provide a
strong incentive for Bechtel to meet the targeted first commercial
delivery date by June 2017.

An additional challenge facing SPL incorporated into the rating
action is the current weak pricing environment for spot LNG, owing
in part by the decline in price for oil, the reduced regional
demand in Asia and a wave of new LNG capacity coming online around
the world. While a concern that most likely impacts profitability
prospects at SPL's parent, Cheniere Energy, Inc. (Cheniere: not
rated), the SPL rating incorporates the view that off-takers will
honor the terms of their respective SPA's through the 20-year
term.

Further positive rating action is not currently anticipated until
SPL achieves commercial operation on four of the five trains
currently under construction, that construction progress on Train 5
is proceeding as planned, and management has publicly communicated
a debt repayment strategy. While SPL's cash flow could support
rapid repayment at that time, debt repayment is uncertain as there
are limited requirements under the financing documents.
Importantly, further positive rating actions would factor in the
operating performance of the completed trains along with the
ability of the company to effectively manage the large natural gas
procurement obligations associated with its business.

SPL's rating could be downgraded if the project incurs significant
construction cost overruns or construction delays, major operating
problems or does not generate the expected level of cash flow to
fund the remaining construction costs.

The upgrade of SPLNG to Ba2, the same rating level as SPL, reflects
the affiliate relationship and meaningful flow of funds between the
parties as SPL achieves commercial operation. A Terminal Use
Agreement requires SPL to make fixed payments to SPLNG. In return,
SPL has access to SPLNG's storage tanks and marine terminal rights,
among other shared infrastructure. Payments increase from SPL to
SPLNG as SPL's various trains achieve operation. Once SPL's fourth
train is complete, SPL will be contractually obligated to pay SPLNG
approximately $250 million annually, doubling SPLNG current annual
revenue.

The upgrade of SPLNG also acknowledges that refinancing risk at
SPLNG, a prior rating concern, has been fully addressed through the
completion of $2.8 billion term loan financing at SPLNG's parent,
Cheniere Energy Partners, L.P. (CQP: not rated). We understand that
the $2.1 billion of SPLNG's senior secured notes will be redeemed
during the fourth quarter with funds borrowed under the CQP credit
facility. We will withdraw the rating assigned to SPLNG upon the
redemption of its debt obligations.

SPL expects to build and operate a nameplate 22.5 mtpa LNG project
located in Cameron Parish, Louisiana next to the existing SPLNG's
regasification plant. Bechtel is building SPL's five liquefaction
trains under three separate lump sum, turnkey EPC contracts. SPL's
output is effectively contracted with BG, Gas Natural, KOGAS, GAIL
(India) Limited (GAIL, Baa2/negative), Centrica Plc (Centrica,
Baa1/under review), and Total S.A. (Total, Aa3/stable) under
20-year off-take contracts.

SPLNG owns and operates a LNG receiving terminal with an aggregate
regasification capacity of 4.0 Bcf/d and five LNG storage tanks.
SPLNG has third party 20-year contracts for half of the capacity
with subsidiaries of Total and Chevron Corporation (Chevron,
Aa2/stable).

CQP owns SPL and SPLNG, and also owns Creole Trail Pipeline (CTPL),
which interconnects SPL and SPLNG to the broader natural gas
infrastructure in the region and will provide natural gas
transportation services to SPL. Blackstone managed private equity
funds, Cheniere and public investors directly or indirectly own
CQP.


SEABOARD REALTY: Eight Connecticut Properties Head to Auction Block
-------------------------------------------------------------------
Tom Corrigan, writing for Dow Jones' Daily Bankruptcy Review,
reported that Seaboard Realty LLC has won bankruptcy court approval
to send eight commercial and residential buildings in Stamford,
Conn., to the auction block in May.

According to the report, Judge Laurie Silverstein of the U.S.
Bankruptcy Court in Wilmington, Del., approved the request
following a hearing and also agreed to give the company more time
in chapter 11 to complete the sales and to develop a plan to
distribute the proceeds to creditors.

As previously reported by The Troubled Company Reporter, on April
12, 2016, Seaboard Realty on April 7 disclosed that it and its
affiliates have filed a motion seeking bankruptcy court approval of
bid procedures for the sale of eight commercial properties.  The
properties to be sold include office, apartment and hotel
properties in and around Stamford, Connecticut.

"We are pleased with the progress made to stabilize the Seaboard
properties in advance of the sale process," said Marc Beilinson,
Seaboard's Chief Restructuring Officer. "These properties are
located in highly desirable locations and have already received
substantial interest from buyers."

Keen-Summit Capital Partners LLC has been retained, pending court
approval, to coordinate the sale process for Seaboard Realty.
Parties interested in learning more about the process should
contact Harold Bordwin at Keen-Summit Capital Partners LLC at
(646)
381-9222, www.keen-summit.com

                       About Seaboard Realty

Seaboard Realty LLC and certain of its affiliates on Dec. 13,
2015,
filed petitions with the United States Bankruptcy Court for the
District of Delaware seeking protection under Chapter 11 of the
United States Bankruptcy Code.

Seaboard and its affiliates own a portfolio of first class
commercial real estate in Stamford, Connecticut, including office,
residential and hotel properties.  All operations are expected to
continue as normal throughout this process.

The Chapter 11 filing includes Seaboard Realty LLC and a number of
affiliates it manages, which own the equity of subsidiaries that
directly own the properties, but does not include the
property-owning subsidiaries themselves.

Seaboard Realty LLC is owned by John DiMenna, Thomas Kelly and
William Merritt.  Mr. DiMenna actively managed the Seaboard
operations as the managing member of Seaboard Realty LLC, and
managed the properties owned by its affiliates through a
property-management company owned solely by Mr. DiMenna.

The Debtors have sought and obtained an order authorizing joint
administration of their Chapter 11 cases, with all further
pleadings or other papers to be filed in the case of Newbury
Common
Associates, LLC, Case No. 15-12507 (LSS).

The Debtors tapped Dechert LLP as counsel and directing the
accounting firm of Anchin, Block and Anchin as forensic accountant.


SHASTA ENTERPRISES: June 6 Deadline for Filing Admin Claims
-----------------------------------------------------------
A federal judge approved the deadline proposed by Shasta
Enterprises' Chapter 11 trustee for filing requests for allowance
of administrative expense claims against the company.

The order, issued by U.S. Bankruptcy Judge Michael McManus, gives
creditors until June 6 to file their requests for allowance of
administrative expense claims that arose during the period Oct. 31,
2014 to April 30, 2016.

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 Shasta Enterprises

Redding, California-based Shasta Enterprises, dba Vidal Vineyards,
dba Silverado Knolls, dba Villa Vidal Vineyards, sought bankruptcy
protection (Bankr. E.D. Cal. Case No. 14-30833) on Oct. 31, 2014.
The petition was signed by Antonio Rodriguez, general partner.

Judge Michael S. McManus presides over the case. The Debtor's
counsel is David M. Brady, Esq., at Law Office of Cowan & Brady, in
Redding, California.

The Debtor disclosed total assets of $33.4 million and total debt
of $21.5 million.

The Court, on Dec. 29, 2014, approved the appointment of Hank
Spacone as the Chapter 11 trustee of the Debtor's estate.


SHEEHAN PIPE LINE: 341 Meeting of Creditors Set for May 18
----------------------------------------------------------
The meeting of creditors of Sheehan Pipe Line Construction Company
is set to be held on May 18, 2016, at 1:30 p.m., according to a
filing with the U.S. Bankruptcy Court for the Northern District of
Oklahoma.

The meeting will take place at Room B04, 224 South Boulder Avenue,
Tulsa, Oklahoma.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                      About Sheehan Pipe Line

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 U.S.
Bankruptcy Code (Case No. 16-10678) on April 15, 2016, listing
total assets of $90.2 million and total debt of $68.4 million.  

The petition was signed by Robert A. Riess, Sr., as president and
CEO. McDonald, McCann & Metcalf & Carwile, LLP, serves as counsel
to the Debtor.  The case is pending before Judge Terrence L.
Michael.


SPORTS CHALET: Retains A&G Realty to Manage Sale of 50 Leases
-------------------------------------------------------------
A&G Realty Partners, a commercial real estate, advisory and
investment group, on May 2 disclosed that that it has been retained
by Sport Chalet LLC to manage the sale of the retail stores and
office and distribution center leases following its recent Chapter
11 bankruptcy filing.

A&G Realty is currently accepting bids on the leases, which range
from 12,000 to 50,000 square feet located in Arizona, California,
and Nevada.  For a complete list of stores please visit
http://www.agrealtypartners.comIn addition, A&G Realty is
accepting bids for the corporate office in La Canada, distribution
facilities in Ontario and Van Nuys which range from 12,140 to
326,543 square feet.  The auction is tentatively set for early
June.

The Debtors will seek court approval for exceptional private sales
on a more accelerated timetable outside the auction process.

"The company has many attractive below market rate leases that are
very well positioned in the top retail markets in California. By
taking assignment of leases, retailers have the opportunity to
enter hard to penetrate markets and centers and be open for
business this year.  The availability of these leases is expected
to attract interest from several national and local retailers and
investors," said Emilio Amendola, A&G Co-President.

                    About A&G Realty Partners

A&G Realty Partners -- http://www.agrealtypartners.com--
specializes in real estate dispositions, lease restructurings,
facilitating growth opportunities, valuations and acquisitions. A&G
Realty clients include some of the nation's most recognizable
retail brands in healthy and distressed situations.  A&G Realty is
a leader in finding innovative ways to consolidate and reconfigure
real estate to achieve the highest possible value.  A&G Realty was
founded in 2012 and headquartered in New York with offices in
Chicago and Los Angeles.

                        About Sport Chalet

Based in Los Angeles, California, Sport Chalet, Inc. (Nasdaq:
SPCHA, SPCHB) -- http://www.sportchalet.com-- Sport Chalet Inc.,  
founded in 1959 by Norbert Olberz, operates full service specialty
sporting goods stores in California, Nevada, Arizona and Utah.  The
Company offers over 50 services for the serious sports enthusiast,
including backpacking, canyoneering, and kayaking
instruction, custom golf club fitting and repair, snowboard and ski
rental and repair, SCUBA training and certification, SCUBA boat
charters, team sales, racquet stringing, and bicycle tune-up and
repair throughout its 55 locations.


STOMPY BOT: Delays Financial Filings on Lack of Capital
-------------------------------------------------------
Stompy Bot Corporation on April 29 disclosed that it will be late
in filing its annual financial statements and management discussion
and analysis ("MD&A") for the year ended December 31, 2015, on the
prescribed deadline of April 29, 2016.

The Company has made an application with the applicable securities
regulators under National Policy 12-203 - Cease Trade Orders for
Continuous Disclosure Defaults ("NP 12-203") requesting that a
management cease trade order be imposed in respect of this late
filing rather than an issuer cease trade order.  The issuance of a
management cease trade order generally does not affect the ability
of persons who have not been directors, officers or insiders of the
Company to trade in their securities.

The Company has been unable to complete the required filings due to
a lack of capital to complete its audit.  As a result, the Company
requires additional time to raise sufficient capital to complete
its annual financial statements, MD&A and audit.

The Company is in discussions with a potential purchaser in
connection with a proposed asset sale transaction involving the
Company's various mineral properties.  The Company anticipates that
it will be able to secure sufficient funding from the sale
transaction to prepare and file the annual financial statements and
MD&A on or prior to May 31, 2016.

The Company confirms that it will satisfy the provisions of the
alternative information guidelines under NP 12-203 by issuing
bi-weekly default status reports in the form of news releases for
so long as it remains in default of the filing requirements to file
its financial statements and MD&A within the prescribed period of
time.  The Company confirms that there is no other material
information relating to its affairs that has not been generally
disclosed.

Stompy Bot Corporation is a Canadian digital media production and
publishing company.


SUNEDISON INC: Hires Joseph Hage as Special Counsel
---------------------------------------------------
SunEdison, Inc., et al., seek authority from the U.S. Bankruptcy
Court for the Southern District of New York to employ Joseph Hage
Aaronson LLC Inc. as special counsel to the Debtors, nunc pro tunc
to April 21, 2016.

Joseph Hage was first retained by Debtor SunEdison, Inc. in October
2015 to provide advice related to its Agreement and Plan of Merger
with Vivint Solar, Inc., dated as of July 20, 2015.

In December 2015, Joseph Hage was engaged to represent Debtor
SunEdison, Inc. in connection with a books and records demand by
former officers of SunEdison, Inc.

In January 2016, Joseph Hage was engaged to defend Debtors
SunEdison, Inc. and SunEdison Holdings Corporation in two
derivative actions commenced by Appaloosa Investment Limited
Partnership, the Central Laborers' Pension Fund, and the City of
Cambridge Retirement System in Delaware. The actions have since
been consolidated as In re TerraForm Power, Inc. Derivative
Litigation, Consolidated Case No. 11898-CB (Del. Ch.) ("In re
TerraForm"). As of April 2016, Joseph Hage also represents certain
individual co-defendants of Debtor SunEdison, Inc. in In re
TerraForm, Ahmad Chatila, Brian Wuebbels, and Martin Truong.

In April 2016, Joseph Hage was engaged to defend Debtors SunEdison,
Inc. and SEV Merger Sub Inc. in Vivint Solar, Inc. v. SunEdison,
Inc. and SEV Merger Sub Inc., Case No. 11847 (Del. Ch.) ("Vivint v.
SunEdison").

Also in April 2016, Joseph Hage was engaged to defend Debtors
SunEdison, Inc. and affiliate SunEdison Holdings Corporation, as
well as individuals Ahmad Chatila, Brian Wuebbels and Martin
Truong, in TerraForm Global, Inc. v. SunEdison, Inc., SunEdison
Holdings Corporation, Ahmad Chatila, Martin Truong, and Brian
Wuebbels, C.A. No. 12159 (Del. Ch.) ("TerraForm Global v.
SunEdison").

SunEdison, Inc. requires Joseph Hage to:

   (1) participate in meetings, preparation sessions, conference
       calls, and other activities in connection with the
       representation;

   (2) provide complete and accurate information on a timely
       basis;

   (3) preserve all documents and records relating to the case,
       whether hard copy, electronic or other form; and

   (4) provide the Debtor with access to such data as may be
       requested or required in connection with the case.

Joseph Hage will be paid at these hourly rates:

     Partners                      $750-$1,200
     Associates                    $500 to $650
     Paraprofessionals             $200-$275

Joseph Hage has provided services to the Debtor up through the time
of writing of the Application. Joseph Hage has billed and been paid
for its services for all months covered on an invoice issued in
January 2016 and for three invoices issued thereafter. Joseph Hage
issued two invoices (in February 2016), in the aggregate amount of
$54,524.26, and two other invoices (in April 2016), in the
aggregate amount of $2,575, that have not been paid. It also has
accrued (but not billed) time and associated charges, and incurred
disbursements, for services in the month of April 2016 through the
date of this Application, and it is possible that Joseph Hage will
learn of disbursements incurred prior to April 2016 that have not
yet been billed by, or paid to, their respective vendors.

In the 90 days prior to the Petition Date, the Debtors paid Joseph
Hage an aggregate of $2,557,136.41 on account of their obligations
for Joseph Hage's continuing services as the matters described
above continued.

The Debtors submit that Joseph Hage does not need to waive any
amounts that might be due with respect to the foregoing -- which
were estimated to be in the order of magnitude of approximately
$30,000 as of April 7 -- though Joseph Hage has stated that it will
do so if the Court so desires.

Joseph Hage will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Gregory P. Joseph, member of the firm Joseph Hage Aaronson 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.

Joseph Hage can be reached at:

     Gregory P. Joseph, Esq.
     JOSEPH HAGE AARONSON LLC
     485 Lexington Avenue
     New York, NY 10017
     Tel: (212) 407-1210
     Fax: (212) 407-1280
     E-mail: gjoseph@jha.com

                      About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017). Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: Hires Skadden Arps as Counsel
--------------------------------------------
SunEdison, Inc., et al., seek authority from the U.S. Bankruptcy
Court for the Southern District of New York to employ Skadden Arps
Slate Meagher & Flom LLP as counsel to the Debtors, nunc pro tunc
to April 21, 2016.

SunEdison, Inc. requires Skadden Arps to:

   (a) advise the Debtors with respect to their powers and duties
       as debtors and debtors in possession in the continued
       management and operation of their businesses and
       properties;

   (b) attend meetings and negotiate with representatives of
       creditors and other parties in interest and advise and
       consult on the conduct of the cases, including all of the
       legal and administrative requirements of operating in
       chapter 11;

   (c) take all necessary actions to protect and preserve the
       Debtors' estates, including the prosecution of actions on
       the Debtors' behalf, the defense of actions commenced
       against the Debtors' estates, negotiations concerning
       litigation in which the Debtors may be involved, and
       objections to claims filed against the Debtors' estates;

   (d) prepare on behalf of the Debtors all motions,
       applications, answers, orders, reports, and papers
       necessary to the administration of the estates;

   (e) negotiate and prepare on the Debtors' behalf plan(s) of
       reorganization, disclosure statement(s), and all related
       agreements and/or documents, and take any necessary action
       on behalf of the Debtors to obtain confirmation of such
       plan(s);

   (f) advise the Debtors in connection with any sale of assets;

   (g) appear before this Court, any appellate courts, and the
       U.S. Trustee, and protect the interests of the Debtors'
       estates before such courts and the U.S. Trustee; and

   (h) perform all other necessary legal services and provide all
       other necessary legal advice to the Debtors in connection
       with these Chapter 11 Cases.

Skadden will be paid at these hourly rates:

     Partners and of Counsel                $935 - $1,425
     Counsel/Special Counsel                $925 - $1,040
     Associates:

       level
        8                                   $920
        7                                   $885
        6                                   $850
        5                                   $820
        4                                   $780
        3                                   $675
        2                                   $565
        1                                   $390

     Legal Assistants                       $210 - $365

As set forth in the declaration by Skadden's Jay Goffman, during
the 90 days prior to the Petition Date, the Firm received total
payments in the amount of $12,132,147.91 for services performed and
expenses incurred, and also to be performed and incurred, including
in preparation for the commencement of the Chapter 11 Cases, as
well as for all corporate, project finance, and other matters. As
of April 20, 2016, the Firm was holding, on behalf of the Debtors,
credits of $1,468,162.72, and a retainer in the amount of
$1,200,000, which together totaled $2,668,162.72.

Prior to the commencement of these cases, Skadden Arps applied the
Retainer to outstanding amounts owed to it.  After application,
Skadden Arps will still be owed amounts in excess of $1,272,331.27
for services rendered and expenses incurred on the Debtors' behalf
prior to the Petition Date. As part of its retention in this case,
Skadden Arps agrees to waive any claim against the Debtors for such
amounts.

Skadden Arps will also be reimbursed for reasonable out-of-pocket
expenses incurred.

To the best of the Debtors' knowledge 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.

Skadden can be reached at:

     Jay M. Goffman, Esq.
     J. Eric Ivester, Esq.
     SKADDEN ARPS SLATE MEAGHER & FLOM LLP
     4 Times Square
     New York, NY 10036
     Tel: (212) 735-3000
     Fax: (212) 735-2000

                      About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017). Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: John Dubel Named Chief Restructuring Officer
-----------------------------------------------------------
SunEdison, Inc. on May 2 disclosed that John S. Dubel has been
appointed Chief Restructuring Officer of the Company.

Mr. Dubel will report directly to the independent directors of
SunEdison's Board of Directors and lead the Company's restructuring
efforts.  He will have sole authority and discretion on behalf of
the management of the Company with respect to all matters in
connection with the Company's restructuring initiatives.

SunEdison and certain of its domestic and international
subsidiaries filed voluntary petitions for reorganization under
chapter 11 in the Southern District of New York on April 21, 2016.
Mr. Dubel's appointment and the terms of his engagement remain
subject to the approval of the bankruptcy court.

Mr. Dubel is the Chief Executive Officer of Dubel & Associates,
LLC, a provider of restructuring and turnaround services to
underperforming companies which he founded in 1999.  He has over 30
years of experience in Board representation, turnaround management,
crisis management, operational restructurings and divestments in
the distressed space.  He is currently serving on the Board and as
the Liquidating Trust Manager of the ResCap Liquidating Trust.
Most recently, Mr. Dubel was the Chairman and Chief Executive
Officer of Financial Guaranty Insurance Company (FGIC), a monoline
insurance company, and prior to that he was a partner in Gradient
Partners, L.P., a single strategy distressed hedge fund.

Mr. Dubel is a past board member and officer of the Association of
Insolvency and Reorganization Advisors, a Certified Insolvency and
Reorganization Advisor and is a member of the Turnaround Management
Association and the American Bankruptcy Institute.  

Mr. Dubel received a Bachelor in Business Administration degree
from the College of William and Mary.

                       About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017). Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: May 10 Final Hearing on $300-Mil. DIP Financing
--------------------------------------------------------------
SunEdison, Inc. and its debtor subsidiaries will return to the
Bankruptcy Court on May 10, 2016, for a final hearing on their
request to obtain up to $300 million in DIP financing.

On April 26, the Bankruptcy Court issued an interim order
permitting the Debtors to dip their hands into $90 million of the
DIP facility.  Up to $37,500,000 of the interim financing will be
provided by the Tranche A Lenders and up to $52,500,000 will be
provided by the Tranche B Lenders.

On a final basis, up to $125,000,000 will be provided by the
Tranche A Lenders and up to $175,000,000 will be provided by the
Tranche B Lenders.

Objections to the Final Order approving the DIP financing is due
May 3.

When it filed for bankruptcy, the Debtors filed motions seeking
Court approval of DIP financing, reflected in a senior secured
superpriority debtor-in-possession credit agreement, dated as of
April 26, 2016, entered into by and among the Company, the lenders
from time to time party thereto (the "DIP Lenders"), Deutsche Bank
AG New York Branch, as administrative agent, and the letter of
credit issuers and other financial institutions and entities party
thereto from time to time.

The financing contemplated by the DIP Credit Agreement is
contemplated to provide for senior secured superpriority debtor in
possession financing facilities consisting of:

     (i) a multiple draw new money term loan facility in an
aggregate principal amount not to exceed $300.0 million;

    (ii) a letter of credit facility to replace the Company's
existing letters of credit issued and outstanding under the credit
agreement, dated as of February 28, 2014 (as amended, supplemented,
or otherwise modified from time to time) (the "Prepetition First
Lien Credit Agreement"), which facility will permit certain
extensions and renewals of the letters of credit during the
Bankruptcy Case,

   (iii) subject to the entry of the final order, the Tranche A
Roll-Up Loans, and

    (iv) subject to entry of the final order, additional loans
under the DIP Credit Agreement in an aggregate principal amount not
to exceed $350.0 million -- Tranche B Roll-Up Loans -- representing
the cancellation and replacement of a corresponding aggregate
outstanding principal amount of (a) loans under the second lien
credit agreement, dated as of January 11, 2016 (as amended,
supplemented, or otherwise modified from time to time) --
Prepetition Second Lien Loans -- and (b) the 5.00% guaranteed
convertible senior secured notes due 2018, issued on January 11,
2016 (the "Prepetition Second Lien Notes").

Certain subsidiaries of the Company will guarantee, on a joint and
several basis, all of the obligations under the DIP Facilities (the
"Guarantors"). The Company and certain of the Guarantors will grant
liens on substantially all of their assets to secure the
obligations under the DIP Facilities. Additionally, the Company has
agreed to cause certain of its existing and future subsidiaries to
guaranty and/or grant liens securing the DIP Facilities, subject to
certain limitations set forth in the DIP Credit Agreement and
related loan documents.

$90.0 million of the DIP Term Loan Facility funded concurrently
with the execution of the DIP Credit Agreement and, subject to
satisfaction of conditions to borrowing, the balance will be
available upon entry of the final order. During the interim period,
all issued and outstanding letters of credit under the Prepetition
First Lien Credit Agreement, to the extent they are extended or
renewed during such interim period, shall be deemed cancelled and
automatically replaced with letters of credit issued under the DIP
LC Facility (the "Interim DIP LCs"). Following entry of the final
order, (i) any remaining letters of credit under the Prepetition
First Lien Credit Agreement not previously deemed cancelled and
replaced with Interim DIP LCs, shall be deemed cancelled and
automatically replaced with letters of credit issued under the DIP
LC Facility and (ii) any drawn and unreimbursed principal amounts
in respect of the letters of credit under the Prepetition First
Lien Credit Agreement shall be deemed issued and existing under the
DIP LC Facility (the "Tranche A Roll-Up Loans," and together with
the Tranche B Roll-Up Loans, the "Roll-Up Loans").

The Tranche B Roll-Up Loans will be deemed issued and outstanding
under the DIP Credit Agreement upon entry of the final order.

Undrawn letters of credit under the DIP LC Facility will accrue
letter of credit fees at a rate of 3.75% per annum. The New Money
Loans will bear interest (i) at a base rate plus 8.0% per annum or
(ii) at a reserve-adjusted eurocurrency rate plus 9.0%. Tranche A
Roll-up Loans and any drawn and unreimbursed amounts in respect of
letters of credit under the DIP LC Facility will bear interest (i)
at a base rate plus 7.0% per annum or (ii) at a reserve-adjusted
eurocurrency rate plus 8.0%. The Tranche B Roll-Up Loans will bear
interest (i) at a base rate plus 11.0% per annum or (ii) at a
reserve-adjusted eurocurrency rate plus 12.0%, with interest on the
Tranche B Roll-Up Loans payable in kind. The reserve adjusted
eurocurrency rate shall include a 1.0% "LIBOR floor."

The commitments under the DIP Facilities shall be automatically
terminated and all amounts owing in respect of the DIP Facilities
shall, subject to their respective priorities, be repaid in full on
the earliest of (i) one year from the closing date of the DIP
Credit Agreement, (ii) the date occurring 35 days after the date of
entry of the interim financing order if the final order has not
been entered by the Bankruptcy Court (unless extended by the
requisite DIP Lenders in accordance with the DIP Credit Agreement),
(iii) the substantial consummation of a plan of reorganization that
is confirmed pursuant to an order entered by the Bankruptcy Court,
(iv) the consummation of a sale of all or substantially all of the
assets of the Company and the Guarantors pursuant to Section 363 of
the Bankruptcy Code and (v) the acceleration of the New Money
Loans, the DIP LC Facility, or the Roll-Up Loans and termination of
the related commitments in accordance with the DIP Credit
Agreement.
Events of default under the DIP Credit Agreement include, among
others, failure to pay any principal, interest or other amount due
under the DIP Facilities, breach of specific covenants and certain
bankruptcy events. Upon an event of default, the DIP Agent may, or
at the request of the requisite DIP Lenders shall, declare all
obligations under the DIP Facilities to be due and payable and
require that any outstanding letters of credit under the DIP LC
Facility be cash collateralized.

The Borrower covenants with the Lenders not to permit the Cash
Amount for any Business Day occurring in any calendar week to be
less than the amount set forth opposite such calendar week in the
table:

   Calendar Week                      Cash Amount
   -------------                      -----------
Calendar week ending April 29, 2016   Budgeted Cash Amount for
                                      the calendar week less
                                      $10,000,000

Calendar week ending May 6, 2016      $5,000,000
and each calendar week thereafter
until and including the calendar
week in which the Final Financing
Order is entered by the Bankruptcy
Court

Each calendar week thereafter         No later than five Business
                                      Days prior to the Delayed
                                      Draw Funding Date, the
                                      Borrower shall propose
                                      minimum required levels of
                                      Cash Amount (Loan Parties)
                                      and Cash Amount (Other)
                                      for future periods (as well
                                      as corresponding grace
                                      period provisions for
                                      purposes of Section 8.01(b)
                                      (iv)) and shall negotiate
                                      in good faith with the
                                      Required Lenders to
                                      establish such minimum
                                      required levels for
                                      purposes of this Section
                                      7.11 (as well as
                                      corresponding grace
                                      period provisions, if any,
                                      for purposes of Section
                                      8.01(b)(iv)).


A copy of the SENIOR SECURED SUPERPRIORITY DEBTOR-IN-POSSESSION
CREDIT AGREEMENT Dated as of April 26, 2016, among SUNEDISON, INC.,
a debtor and a debtor-in-possession, as Borrower, DEUTSCHE BANK AG
NEW YORK BRANCH, as Administrative Agent, DEUTSCHE BANK SECURITIES
INC., BARCLAYS BANK PLC, APOLLO CREDIT OPPORTUNITY FUND III AIV I
LP, GOLDMAN SACHS BANK USA and MACQUARIE CAPITAL (USA) INC., as
Joint Lead Arrangers and Joint Bookrunners, WELLS FARGO BANK,
NATIONAL ASSOCIATION, ROYAL BANK OF CANADA, and KEYBANK NATIONAL
ASSOCIATION, as L/C Issuers and THE LENDERS PARTY HERETO, BARCLAYS
BANK PLC, as Syndication Agent, is available at
http://goo.gl/I1iInb

A copy of the Interim Order is available at:

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

The DIP Agent may be reached at:

     Deutsche Bank AG New York Branch,
        as Administrative Agent
     5022 Gate Parkway, Suite 100,
     Jacksonville, FL 3226
     Attention: Sara Pelton
     Telephone: (904) 271-2886
     Email: sara.pelton@db.com

Wells Fargo Bank, National Association as L/C Issuer, may be
reached at:

     Wells Fargo Bank, N.A.
     SBLC Operations MAC D4004-017,
     401 N. Research Pkwy, 1st Floor
     WINSTON-SALEM, NC 27101-4157
     Attention: Kristen Hill
     Telephone: 336-735-3261
     Telecopier: 336-735-0950
     Email: StandbyLC@wellsfargo.com

Wells Fargo Bank, N.A. may also be reached at:

     1525 West WT Harris Blvd-1B1
     Charlotte, NC 28262
     MAC D1109-019
     Attention: David Alderson
     Telephone: 704-427-9661
     Telecopier: 704-715-0017
     Email: Agencyservices.requests@wellsfargo.com

KeyBank National Association as L/C Issuer, may be reached at:

     KeyBank National Association
     127 Public Square – Mailcode OH-01-27-0355
     Cleveland, OH 44114
     Attention: Sally C. Barton
     Telephone: 216-689-5709
     Email: Sally_c_barton@keybank.com

Royal Bank of Canada as L/C Issuer, may be reached at:

     Royal Bank of Canada
     3 Brookfield Place
     200 Vesey Street
     New York, NY 10281
     Attention: Ian LaRoche
     Telephone: 416-974-6107
     Telecopier: 212-428-2372
     Email: RBCNewYorkGLA2@rbc.com

     Royal Bank of Canada
     3 Brookfield Place
     200 Vesey Street
     New York, NY 10281
     Attention: Julie Camarra
     Telephone: 416-955-6577
     Telecopier: 212-428-2372
     Email: RBCNewYorkGLA2@rbc.com


Counsel for the DIP Arrangers and DIP Agent:

     White & Case LLP
     Attn: Scott Greissman and
           Elizabeth Feld
     1155 Avenue of the Americas
     New York, NY 10036-2787
     E-mail: sgreissman@whitecase.com
             efeld@whitecase.com

Counsel for the Prepetition First Lien Agent:

     Latham & Watkins, LLP
     Attn: Richard Levy
     330 North Wabash Avenue, Suite 2800
     Chicago, IL 60611
     E-mail: richard.levy@lw.com

Counsel for the Tranche B Lenders and the Steering Committee:

     Akin Gump Strauss Hauer & Feld, LLP
     Attn: Arik Preis and
           Kristine Manoukian
     One Bryant Park
     New York, NY 10036
     E-mail: apreis@akingump.com
             kmanoukian@akingump.com

Counsel for the Second Lien Notes Trustee and the Second Lien
Collateral Agent:

     Shipman & Goodwin LLP
     Attn: Marie C. Pollio
     One Constitution Plaza
     Hartford, CT 06103
     E-mail: mpollio@goodwin.com

                            *     *     *

SunEdison disclosed that the filing of the Bankruptcy Petition
itself constituted an event of default with respect to these debt
instruments, representing in the aggregate approximately $3.82
billion of outstanding indebtedness of the Company:

     -- First Lien Credit Agreement, dated as of February 28, 2014
(as amended through January 11, 2016) by and among the Company, the
lenders party thereto, Wells Fargo Bank, National Association, as
administrative agent, Goldman Sachs Bank USA and Deutsche Bank
Securities Inc., as joint lead arrangers and joint syndication
agents, and Goldman Sachs Bank USA, Deutsche Bank Securities Inc.,
Wells Fargo Securities, LLC and Macquarie Capital (USA) Inc., as
joint bookrunners;

     -- Second Lien Credit Agreement, dated as of January 11, 2016
(the “Second Lien Credit Agreement”), by and among the Company,
the guarantors and lenders party thereto, Deutsche Bank AG New York
Branch, as administrative agent, Deutsche Bank Securities Inc.,
Barclays Bank PLC, Macquarie Capital (USA) Inc. and KeyBanc Capital
Markets Inc., as joint lead arrangers and joint bookrunners and
Deutsche Bank Securities Inc., as sole syndication agent and as
sole documentation agent;

     -- 5% Guaranteed Convertible Senior Secured Notes due 2018,
issued pursuant to the Indenture, dated as of January 11, 2016, by
and among the Company, the guarantors party thereto, and Wilmington
Trust, National Association, as trustee, conversion agent,
registrar, bid solicitation and paying agent;

     -- 2.00% Convertible Senior Notes due 2018, issued pursuant to
the Indenture, dated as of December 20, 2013, by and among the
Company and Wilmington Trust, National Association, as trustee,
conversion agent, registrar, bid solicitation and paying agent;

     -- 2.75% Convertible Senior Notes due 2021, issued pursuant to
the Indenture, dated as of December 20, 2013, by and among the
Company and Wilmington Trust, National Association, as trustee,
conversion agent, registrar, bid solicitation and paying agent;

     -- 0.25% Convertible Senior Notes due 2020, issued pursuant to
the Indenture, dated as of June 10, 2014, by and among the Company
and Wilmington Trust, National Association, as trustee, conversion
agent, registrar, bid solicitation and paying agent;

     -- 2.375% Convertible Senior Notes due 2022, issued pursuant
to the Indenture, dated as of January 27, 2015, by and among the
Company and Wilmington Trust, National Association, as trustee,
conversion agent, registrar, bid solicitation and paying agent;

     -- 2.625% Convertible Senior Notes due 2023, issued pursuant
to the Indenture, dated as of May 20, 2015, by and among the
Company and Wilmington Trust, National Association, as trustee,
conversion agent, registrar, bid solicitation and paying agent;
     -- 3.375% Convertible Senior Notes due 2025, issued pursuant
to the Indenture, dated as of May 20, 2015, by and among the
Company and Wilmington Trust, National Association, as trustee,
conversion agent, registrar, bid solicitation and paying agent;
and

     -- 3.75% Guaranteed Exchangeable Senior Notes due 2020,
pursuant to an Indenture, dated January 29, 2015, among the
Company, as guarantor, Seller Note LLC, and Wilmington Trust,
National Association, as exchange agent, registrar, paying agent
and collateral agent.

In addition, due to non-payment of certain obligations of the
Company under the Payment Agreement, dated as of December 29, 2015,
with D. E. Shaw Composite Holdings, L.L.C. and Madison Dearborn
Capital Partners IV, L.P., in respect of certain earnout
obligations due under the Purchase and Sale Agreement, dated
November 17, 2014, pursuant to which the Company and its affiliates
acquired First Wind Holdings, LLC, payments totaling $231 million
in the aggregate have become due and payable.

The Debt Instruments provide that as a result of the Bankruptcy
Petition the principal and interest due thereunder shall be
immediately due and payable. Any efforts to enforce payment
obligations under the Debt Instruments and the Payment Agreement
are automatically stayed as a result of the Bankruptcy Petition,
and the creditors' right of enforcement in respect of the Debt
Instruments are subject to the applicable provisions of the
Bankruptcy Code.

Counsel to D.E. Shaw Renewable Investments, LLC, D. E. Shaw
Composite Holdings, L.L.C.; D. E. Shaw CF-SP Series 1 MWP
Acquisition, L.L.C.; D. E. Shaw CFSP Series 13-04, L.L.C.; D. E.
Shaw CF-SP Series 8-01, L.L.C.; D. E. Shaw CF-SP Series 11-06,
L.L.C.; and D. E. Shaw CF-SP Series 10-07, L.L.C.:

     LATHAM & WATKINS LLP
     Peter P. Knight, Esq.
     330 North Wabash Avenue, Suite 2800
     Chicago, IL 60611
     Telephone: (312) 876-7700
     Facsimile: (312) 993-9767
     Email: peter.knight@lw.com

                        About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: Securities Delisted from NYSE
--------------------------------------------
SunEdison, Inc. on April 21, 2016, received a delisting
notification from the staff of NYSE Regulation.  The Delisting
Notice advised the Company that, following the Company's April 21,
2016 announcement that it and certain of its domestic and
international subsidiaries had filed the Bankruptcy Petition under
the Bankruptcy Code in the Bankruptcy Court, the Company's
securities were subject to delisting from the New York Stock
Exchange.  The Delisting Notice noted that the common stock was
suspended immediately from trading at the market opening on the
NYSE on April 21, 2016. The Delisting Notice further indicated that
in reaching its delisting determination, the Staff noted the
uncertainty as to the timing and outcome of the bankruptcy process,
as well as the ultimate effect of this process on the value of the
Company's common stock.

Under the NYSE listing procedures, the Company has a right to a
review of this determination by a Committee of the Board of
Directors of the NYSE, provided a written request for such review
is filed with the Assistant Corporate Secretary of the NYSE within
ten business days after receiving the Delisting Notice. The Company
has decided not to seek this review.

                        About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUNEDISON INC: U.S. Trustee Forms 7-Member Committee
----------------------------------------------------
The Office of the U.S. Trustee on April 29 appointed seven
creditors of SunEdison, Inc., to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) BOKF, N.A., as Indenture Trustee
         1600 Broadway
         3rd Floor
         Denver, CO 80202
         Contact: George F. Kubin
         Telephone: (303) 864-7206

     (2) AQR DELTA Master Account, L.P.
         2 Greenwich Plaza, 4th Floor
         Greenwich, CT 06830
         Contact: Melinda C. Franek, VP
         Telephone: (203) 742-3007

     (3) Advantage Opportunities Fund, LP
         1221 Brickell Ave, Suite 2660
         Miami, FL 33131
         Contact: Irvin Schlussel
         Telephone: (914) 714-0531

     (4) D.E. Shaw Composite Holdings, LLC
         1166 Avenue of the Americas, 9th Floor
         New York, NY 10036
         Contact: Martin Lebwohl
         Telephone: (212) 478-0358

     (5) Flextronics Industrial, Ltd.
         600 Shiloh Road
         Plano, TX 75074
         Contact: Donald Heap
         Telephone: (469) 223-9726

     (6) Albemarle Corporation
         451 Florida Street
         Baton Rouge, LA 70801
         Contact: Michael Lutgring
         Telephone: (225) 388-7236

     (7) Vivint Solar, Inc.
         3301 N. Thanksgiving Way, Suite 500
         Lehi, UT 84043
         Contact: Jim Lundberg
         Telephone: (801) 234-7080

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

                        About SunEdison, Inc.

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.

On April 21, 2016, SunEdison, Inc. and 25 of its affiliates each
filed a Chapter 11 bankruptcy petition (Bankr. S.D.N.Y. Case Nos.
16-10991 to 16-11017).  Martin H. Truong signed the petitions as
senior vice president, general counsel and secretary.

The Debtors disclosed total assets of $20.71 billion and total
debts of $16.14 billion as of Sept. 30, 2015.

The Debtors have hired Skadden, Arps, Slate, Meagher & Flom LLP as
counsel, Togut, Segal & Segal LLP as conflicts counsel, Rotschild
Inc. as investment banker and financial advisor, McKinsey Recovery
& Transformation Services U.S., LLC, as restructuring advisors and
Prime Clerk LLC as claims and noticing agent.


SUPERVALU INC: Egan-Jones Cuts Commercial Paper Ratings to B
------------------------------------------------------------
Egan-Jones Ratings Company downgraded the local currency and
foreign currency commercial paper ratings of SUPERVALU Inc. to B
from A3 on April 29, 2016.

Based in Eden Prairie, Minnesota, SUPERVALU Inc. operates a chain
of supermarkets and pharmacies primarily in the United States.  The
Company also provides supply chain services, which includes
wholesale distribution and related logistics support services.



SWIFT ENERGY: Announces Newly Constituted Board of Directors
------------------------------------------------------------
Swift Energy Company ("Swift" or the "Company") on April 27
announced a newly constituted Board of Directors, effective in
conjunction with the Company's emergence from Chapter 11.  The
Company recently completed the restructuring process and emerged
with a new capital structure, significantly less debt, and much
greater financial flexibility.

Chief Executive Officer Terry Swift stated, "As we embark on a new
chapter here at Swift Energy, we are excited to welcome our new
Board of Directors.  Their industry knowledge, experience, and
proven business leadership will provide important guidance and
support for the Company.  With an organizational structure now fit
for purpose, we can confidently build upon our strengths and
maximize the value of the opportunities available to our Company."

The new Board of Directors is comprised of current Chief Executive
Officer Terry Swift and the following members:

Michael Duginski - Mr. Duginski is currently the President and CEO
of Sentinel Peak Resources, a Quantum Energy Partners portfolio E&P
company focused in California and the Rocky Mountains. Previously,
Mr. Duginski was Chief Operating Officer and Executive Vice
President of Berry Petroleum from 2007 to 2013, until Berry's sale
to Linn Energy.  Mr. Duginski began his career with Texaco in 1988,
holding positions of increasing responsibility in operations and
business development.

Gabriel Ellisor – Mr. Ellisor served as Chief Financial Officer
of Three Rivers Operating Company II from July 2012 to February
2015 and of Three Rivers Operating Company I from 2010 to 2012.
Prior to joining Three Rivers, Mr. Ellisor was a principal at
Rivington Capital Advisors from 2008 to 2010, a boutique investment
banking firm that specializes in raising private capital and
providing merger and acquisition advisory services for the energy
and production sector.  Mr. Ellisor has approximately 19 years of
experience in the finance sector of the oil and gas industry,
including holding various positions at First Interstate Bank, Wells
Fargo, and BNP Paribas.

David Geenberg – Mr. Geenberg is Co-Head of the North American
investment team at Strategic Value Partners ("SVP") with a focus on
energy, merchant power and infrastructure since joining SVP in
2009.  From 2005 to 2009, Mr. Geenberg worked at Goldman, Sachs &
Co., most recently in the Infrastructure Investment Group and
Principal Investment Area focused on power, utility and
infrastructure businesses and, prior to that, in the Natural
Resources Group in investment banking.

Peter Kirchof – Mr. Kirchof is a Managing Director and member of
the North American investment team and a senior operating
professional responsible for growing and developing Strategic Value
Partners' North American portfolio companies.  Mr. Kirchof is a
seasoned Operating Executive and Board director with significant
experience in portfolio company value creation across a variety of
industries including Energy.

Charles Wampler – Mr. Wampler served as Chief Operating Officer
of Aspect Holdings, President of Aspect Energy and General
Exploration Partners (GEP) and Board member for GEP from 2007 to
2016.  
Mr. Wampler directed the day to day management of Aspect's domestic
operations in the US Gulf Coast and international operations in
Hungary and Kurdistan, Iraq.  Prior to joining Aspect, Mr. Wampler
was Chief Operating Officer of Lewis Energy Group and Board member
from 2004 to 2007.

Terry Swift added, "Our new Board is committed to the principles
and values that are critical to creating an organization with a
high level of integrity and respect for each other.  I look forward
to working closely with Michael, Gabe, David, Pete and Charles as
we set a new path for Swift."

                     About Swift Energy

Headquartered in Houston, Texas, Swift Energy Company --
http://www.swiftenergy.com-- is an independent energy company
engaged in the exploration, development, production and acquisition
of oil and natural gas properties.  Its primary assets and
operations are focused in the Eagle Ford trend of South Texas and
the onshore and inland waters of Louisiana.

Swift Energy Company and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 15-12669 to
15-12677) on Dec. 31, 2015, with a Chapter 11plan of Reorganization
that, among other things, exchanges the approximately $905.1
million outstanding on account of senior notes obligations for 96%
of the common equity in the Reorganized Debtors.

The petitions were signed by Alton D. Heckaman, Jr., the executive
vice president and CFO.  Judge Mary F. Walrath is assigned to the
cases.

Swift Energy Company disclosed total assets of $416,358,243 plus an
undetermined amount and total liabilities of $1,233,022,421 plus an
undetermined amount.  Other Debtors disclosed total assets of $1.02
billion and total debt of $1.34 billion as of Sept. 30, 2015.

The Debtors engaged Jones Day as general counsel; Richards, Layton
& Finger, P.A., as local counsel; Lazard Freres & Co, LLC as
investment banker; Alvarez & Marsal North America LLC as financial
advisor; and Kurtzman Carson Consultants LLC as claims and noticing
agent.

Reed Smith LLP represents the committee.


TATOES LLC: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------
Gail Brehm Geiger, acting U.S. trustee for Region 18, on April 28
appointed three creditors of Tatoes LLC to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Evergreen Implement, Inc.
         Attn: Gayle Lathim
         P.O. Box 548
         Othello, WA 99344
         (509) 488-5222

     (2) Clearwater Supply, Inc.
         Attn: Denise Andersen
         P.O. Box 584
         Othello, WA 99344
         (509) 488-5793

     (3) Saddle Mountain Supply Co., Inc.
         Attn: Jeremy Scroggins
         P.O. Box 370
         Royal City, WA 99357
         (509) 346-2291

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

                         About Tatoes LLC

Tatoes, LLC, Wahluke Produce, Inc. and Columbia Manufacturing,
Inc., are engaged in farming, packing, storing, and selling
potatoes, onions and wheat. Each of the Debtors filed Chapter 11
bankruptcy petitions (Bankr. E.D. Wash. Case Nos. 16-00900,
16-00899 and 16-00898, respectively) on March 21, 2016.

Tatoes LLC estimated assets and liabilities in the range of $10
million to $50 million. Wahluke Produce and Columbia Manufacturing
estimated assets in the range of $50 million to $100 million and
liabilities of up to $100 million.

Bailey & Busey LLC represents the Debtors as counsel.


TATOES LLC: US Trustee Unable to Form Committee for CMI
-------------------------------------------------------
Gail Brehm Geiger, acting U.S. trustee for Region 18, disclosed in
a court filing that no official committee of unsecured creditors
has been appointed in the Chapter 11 case of Columbia Manufacturing
Inc., an affiliate of Tatoes LLC.

                         About Tatoes LLC

Tatoes, LLC, Wahluke Produce, Inc. and Columbia Manufacturing,
Inc., are engaged in farming, packing, storing, and selling
potatoes, onions and wheat. Each of the Debtors filed Chapter 11
bankruptcy petitions (Bankr. E.D. Wash. Case Nos. 16-00900,
16-00899 and 16-00898, respectively) on March 21, 2016.

Tatoes LLC estimated assets and liabilities in the range of $10
million to $50 million. Wahluke Produce and Columbia Manufacturing
estimated assets in the range of $50 million to $100 million and
liabilities of up to $100 million.

Bailey & Busey LLC represents the Debtors as counsel.


TATOES LLC: US Trustee Unable to Form Committee for Wahluke
-----------------------------------------------------------
Gail Brehm Geiger, acting U.S. trustee for Region 18, disclosed in
a court filing that no official committee of unsecured creditors
has been appointed in the Chapter 11 case of Wahluke Produce Inc.,
an affiliate of Tatoes LLC.

                         About Tatoes LLC

Tatoes, LLC, Wahluke Produce, Inc. and Columbia Manufacturing,
Inc., are engaged in farming, packing, storing, and selling
potatoes, onions and wheat. Each of the Debtors filed Chapter 11
bankruptcy petitions (Bankr. E.D. Wash. Case Nos. 16-00900,
16-00899 and 16-00898, respectively) on March 21, 2016.

Tatoes LLC estimated assets and liabilities in the range of $10
million to $50 million. Wahluke Produce and Columbia Manufacturing
estimated assets in the range of $50 million to $100 million and
liabilities of up to $100 million.

Bailey & Busey LLC represents the Debtors as counsel.


TEXAS PELLETS: Case Summary & 4 Unsecured Creditors
---------------------------------------------------
Debtor: Texas Pellets, Inc.
        164 County Rd 1040
        Woodville, TX 75979

Case No.: 16-90126

Chapter 11 Petition Date: April 30, 2016

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

Judge: Hon. Bill Parker

Debtor's Counsel: William Steven Bryant, Esq.
                  LOCKE LORD LLP
                  600 Travis Street, Suite 2800
                  Houston, TX 77002
                  Tel: (713) 226-1489
                  Fax: (713) 223-3717
                  E-mail: sbryant@lockelord.com

Estimated Assets: $100 million to $500 million

Estimated Debts: $100 million to $500 million

The petition was signed by Anna Katherin Leibold, president and
chief executive officer.

List of Debtor's Four Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Cummings Westlake, LLC               Trade Debt          $6,400
12837 Louetta Road, Suite 201
Cypress, TX
77429-5611

Luminate, LLC                        Trade Debt            $287
1801 Broadway,
Suite 1620
Denver, CO
80202-3843

North American                       Trade Debt      $2,000,000
Procurement Co.
P.O. Box 2279
Woodville, TX 75979

Winstead PC                          Trade Debt         $30,000
1201 Elm Street
Dallas, TX
75270-2199


THERMOCERAMIX CORP: Files Bankruptcy to Facilitate Liquidation
--------------------------------------------------------------
ThermoCeramix Corporation on April 28 disclosed that it has filed a
voluntary assignment in bankruptcy pursuant to the Bankruptcy and
Insolvency Act (Canada) in order to effect an orderly liquidation
of its assets, property and operations.  In conjunction with this
filing, PricewaterhouseCoopers Inc., Licensed Insolvency Trustee
("PwC") (Philippe Jordan, CPA, CMA, CIRP, LIT), has been appointed
trustee of the bankrupt estate.

The board of directors of the Company has authorized the voluntary
assignment as the Company is not able to meet the obligations owing
to its creditors or to fund the operations of the Company or its
subsidiaries.

The Company also announced that the directors of the Company have
resigned and that the employment of the officers of the Company has
been terminated.

Any inquires with respect to the operations of the Company or its
assets can be made to PwC at 1250 Rene-Levesque Boulevard West,
Suite 2500, Montreal, Quebec H3B 4Y1, Attention: Mrs. Valerie
Berger, CPA, CA.

                        About ThermoCeramix

ThermoCeramix Corporation (TCX) -- http://www.thermoceramix.com--
is a technology-licensing company engaged in the development of
high-performance, energy-efficient electric heating solutions.  The
Company's patented and proprietary TCX(TM) heating technology uses
sprayed-on heaters applied directly to almost any profile and
material that requires heat.  The technology is energy-efficient,
scalable, and adaptable to almost any size and shape.  The Company
holds a strong and broad intellectual property portfolio of over 25
patents.  The Company's strategy is to commercialize one
application of its technology platform through the development,
production and sales of the Hibachi, a unique indoor-outdoor grill,
and then license the technology for numerous additional consumer,
commercial & industrial applications.


TIAT CORPORATION: Case Summary & 10 Unsecured Creditors
-------------------------------------------------------
Debtor: TIAT Corporation
           dba The Inn at Tallgrass
        2280 N Tara Cir
        Wichita, KS 67226-1914

Case No.: 16-10764

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: April 29, 2016

Court: United States Bankruptcy Court
       District of Kansas (Wichita)

Judge: Hon. Robert E. Nugent

Debtor's Counsel: Mark J Lazzo, Esq.
                  MARK J. LAZZO, ATTORNEY AT LAW
                  Landmark Office Park
                  3500 N Rock Rd
                  Building 300, Suite B
                  Wichita, KS 67226
                  Tel: (316) 263-6895
                  Fax: (316) 264-4704
                  Email: mark@lazzolaw.com

Total Assets: $2.25 million

Total Liabilities: $6.46 million

The petition was signed by Donald P Kennedy, president.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ksb16-10764.pdf


TIERRA DEL RAY: Court Rejects Bid to Extend Exclusivity
-------------------------------------------------------
The Honorable Laura S. Taylor issued a two-page order denying the
request of Tierra Del Rey, LLC, for an extension of its exclusive
period to file a plan of reorganization.

The Debtor seeks an extension through July 1, 2016, saying it needs
time to negotiate with creditors and otherwise complete its
reorganization effort.  The Debtor contends that it is not seeking
an extension for purposes of unduly pressuring creditors.

Secured Creditor AP Mortgage through their attorneys of record:

     Michael Y. MacKinnon, Esq.
     Pyle Sims Duncan & Stevenson
     401 B. Street, Suite 1500
     San Diego, CA 92101
     Phone: (619)687-5200
     Fax: (619)687-5210

The Office of the United States Trustee through Kristin Mihelic;
and Secured Creditor Fannie Mae through its attorneys of record:

     David Hershorin, Esq.
     Hershorin & Henry, LLP
     27422 Portola Parkway Suite 360
     Foothill Ranch, CA 92610
     Tel: 949.859.5600
     Fax: 949.859.5680
     E-mail: davidh@hhlawgroup.com

appeared at the April 21 hearing.

Tierra Del Rey, LLC, is represented by:

          K. Todd Curry, Esq.
          CURRY ADVISORS
          525 B Street, Ste. 1500
          San Diego, CA 92101
          Telephone: (619) 238-0004
          Facsimile: (619) 238-0006

                     About Tierra Del Rey, LLC

Tierra Del Rey, LLC, owns the Tierra Del Rey Apartments, an
80-unit
multi-family apartment complex at 3675 King Street and 6975 Waite
Street in La Mesa, California.  The property is valued at $10.6
million and secures a debt of $4.21 million debt to Fannie Mae
(1st
trust deed) and a $1.27 million debt to AP Mortgage Company, Inc.
(2nd trust deed).

A receiver seized control of the apartment complex on June 19,
2015.  The receiver, Trigild Inc., was appointed at the behest of
AP Mortgage, which commenced the suit styled, AP Mortgage Company,
Inc. vs. Bay Vista Methodist Heights et al.
37-2015-00012044-CU-OR-CTL, SDSC Central Division.

Tierra Del Rey filed a Chapter 11 bankruptcy petition (Bankr. S.D.
Cal. Case No. 15-04253) on June 29, 2015, disclosing assets of
$10.8 million against $5.54 million in debt.

The Debtor tapped Craig E. Dwyer, Esq., in San Diego, California,
as counsel.


TREMONT AREA: S&P Withdraws 'BB-' Rating on GO Debt
---------------------------------------------------
Standard & Poor's Ratings Services has withdrawn its 'BB-'
long-term rating on Tremont Area Park District, Ill.'s previously
rated general obligation (GO) debt.  S&P had placed the rating on
CreditWatch with negative implications on April 4.  This action
follows repeated attempts by Standard & Poor's to obtain timely
information of satisfactory quality to maintain S&P's rating on the
securities in accordance with S&P's applicable criteria and
policies.  The withdrawal of this rating was preceded, in
accordance with S&P's policies, by any change to the rating that it
considered appropriate given available information.


TRINITY INDUSTRIES: Fitch Affirms BB+ Rating on Sub. Notes
----------------------------------------------------------
Fitch Ratings has affirmed the long-term Issuer Default Rating for
Trinity Industries, Inc. at 'BBB-'.  In addition, Fitch has
affirmed the senior unsecured revolving credit facility at 'BBB-'
and Trinity's subordinated convertible notes at 'BB+'.  The Rating
Outlook is Stable.

                        KEY RATING DRIVERS

The affirmation takes into account Trinity's sizable cash balances
and overall liquidity in the face of a substantial downturn in
railcar demand.  A slowdown in railcar deliveries as well as
weakness in the inland barge business is expected to materially
constrain Trinity's operating results over the next 1-2 years.  In
addition, Trinity faces the potential for a sizable payout related
to ongoing guard rail litigation.  These factors are balanced
against Trinity's moderate financial leverage, solid financial
flexibility, and leading industry positions in a majority of its
business lines.

Trinity has a substantial railcar leasing business which broadens
the company's industry presence and scale and helps to mitigate the
impact of cyclicality at the railcar and other manufacturing
operations.  Fitch's assessment of Trinity's manufacturing
businesses considers Trinity Industries Leasing Company (TILC) on
an equity basis.

Weak End-Markets
End-market weakness is constraining demand in Trinity's
manufacturing operations, and particularly in the rail and inland
barge segments, both of which could see sales declines of 30% or
more in 2016.  In addition, the energy equipment segment is
expected to see lower sales, while the construction products group
is expected to see modest sales growth.

The rail group, which accounts for around 60% of sales within the
manufacturing segment, is the key area of weakness.  A sharp drop
in new railcar orders in 2016, particularly oil and gas tank cars,
will be partially mitigated over the near term by a sizable
backlog, which as of the end of March 2016 totalled approximately
43,000 railcars.  The backlog is valued at approximately $4.7
billion, including $1.3 billion for the leasing group.  The company
expects to deliver 27,000 railcars in 2016, about 7,000 cars less
than 2015, with the bulk of the orders coming from the backlog.
Fitch expects industry weakness will persist in 2017 with the
potential for a recovery in 2018.

Guard Rail Litigation
Guard rail litigation represents a significant rating concern
following an award against Trinity in October 2014 under the
federal False Claims Act.  The final judgment against the company
was $682.4 million, against which Trinity posted a $686 million
bond.  In August 2015, the company filed an appeal with the U.S.
Court of Appeals for the Fifth Circuit and a final judgment is not
expected before late 2016, which could be followed by additional
appeals.  There are also a number of state cases that are currently
stayed pending resolution of the appeal, as well as a number of
product liability and class action lawsuits, which could represent
a substantial additional liability.

Fitch expects Trinity would have sufficient cash liquidity to cover
the False Claims Act judgment if necessary.  Should incremental
borrowing be required, Fitch would consider a negative rating
action, particularly if it occurs during a period of cyclical
weakness as is expected over the next 1-2 years.  The revolver and
warehouse facility have language that permits the lenders to not
fund this payment.  However, a lengthy appeals process will give
management time to address this issue with a lending group that has
been supportive of the company through cycles.  Trinity's guard
rail sales are a relatively small portion of total revenue, so the
impact of the litigation on its operations is not significant.

Weaker Credit Metrics
Fitch expects debt/EBITDA for the manufacturing operations will
increase from 0.9x at the end of 2015 to around 1.9x at the end of
2016, and into the low-2x range in 2017, on flat debt levels and
lower EBITDA.  Leverage is expected to improve gradually
thereafter.  EBITDA/interest remains healthy, in excess of 10x.
This outlook does not incorporate incremental borrowing that would
be required to fund the guard rail litigation judgment, the
ultimate outcome of which is uncertain.  The current rating
contemplates mid-cycle leverage (gross manufacturing
debt/manufacturing EBITDA) of approximately 1.0x - 1.5x, giving
Trinity the flexibility to adjust to downturns in its cyclical end
markets.

Improving Cash Flow
Fitch estimates manufacturing free cash flow (FCF) will improve in
2016 to around $400 million from around $253 million in 2015 due to
the benefit of lower sales on working capital and lower tax
payments due to bonus depreciation rules enacted in December 2015.
Manufacturing capital expenditures are estimated by Trinity at $150
million - $200 million in 2016.  FCF is expected to remain healthy
in 2017 but decline fairly quickly as the business improves and
inventories are rebuilt, which is assumed to happen in 2018.

This FCF estimate excludes cash flow from TILC, which varies widely
depending on the level of net investment in railcars.  The company
projects net investment in railcars of $500 million - $600 million
in 2016, which is higher than in 2015 due to lower sales of leased
railcars, estimated by management at $300 million - $400 million.

Management intends to deploy part of its FCF for share repurchases
under a $250 million share repurchase program authorized in
December 2015, to cover 2016-2017.  In addition, the company makes
periodic acquisitions, most of which are relatively small, at less
than $100 million.  Fitch notes that ongoing share repurchases
together with acquisitions could limit the company's ability to
accumulate sufficient cash in advance of a possible adverse
judgment in the guard rail litigation.

TILC Relationship
The relationship between Trinity and TILC is an important rating
consideration.  Fitch views TILC as a core part of Trinity's
railcar business reflecting strong operational and financial
linkages between the two companies.  TILC generates railcar orders
for Trinity as it obtains lease commitments, and reduces Trinity's
overall cyclicality by providing a relatively stable source of
earnings.  In addition, TILC increases Trinity's presence in the
railcar market by providing customers with a single source for
purchasing and financing railcars.

TILC's credit profile is characterized by its good asset quality,
solid liquidity and low leverage.  Its operating performance is
expected to weaken modestly in 2016, driven by moderately lower
leasing income and reduced asset sales gains.  TILC performed
relatively well during the previous downturn including low
write-offs and the ability to remarket railcars within the fleet.

TILC finances its railcar assets on a nonrecourse basis through a
$1 billion warehouse facility and term securitizations.  In
addition, TILC has additional unencumbered railcar assets which
could provide additional sources of liquidity in the event of
market stress.  TILC bears modest residual risk on its operating
leases, which is offset by its reasonable depreciation policies and
the long economic life of the railcars.  TILC's heavy reliance on
secured, wholesale funding represents a moderate constraint.

TILC does not benefit from a formal support agreement from Trinity,
although Fitch believes Trinity would support TILC because of
TILC's important role in supporting its parent's railcar business.
An important rating consideration is Trinity's ability to maintain
a strong balance sheet that reduces risks related to potential
disruptions to TILC's funding sources or an unexpected decline in
the credit quality of TILC's lease portfolio.

                          KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for Trinity's
manufacturing operations, including TILC on an equity basis,
include:

   -- Revenues decline by around 28% in 2016 and 18% in 2017 as
      railcar and barge demand declines.

   -- EBITDA margins narrow by more than 600bps in 2016 due to
      lower sales, a mix change to lower priced cars, pricing
      pressures, and negative operating leverage.  Margins are
      assumed to be relatively steady in 2017.

   -- FCF improves in 2016 to around $400 million from around
      $253 million in 2015 due to the benefit of lower sales on
      working capital and lower tax payments due to bonus
      depreciation rules enacted in December 2015.  FCF remains
      healthy in 2017 but declines fairly quickly as the business
      improves and inventories are rebuilt, which is assumed to
      happen in 2018.

   -- Debt levels are assumed to be flat.

   -- Debt/EBITDA increases from 0.9x at the end of 2015 to around

      1.9x at the end of 2016, and into the low-2x range in 2017,
      before improving gradually thereafter.

                       RATING SENSITIVITIES

Future developments that may, individually or collectively, lead to
a negative rating action include:

   -- The company loses the guard rail litigation on appeal,
      resulting in higher debt and leverage;

   -- Mid-cycle manufacturing debt/EBITDA above 1.0x - 1.5x and
      above 3.0x through a downturn;

   -- A material increase in leverage at TILC compared to year-end

      2015 levels;

   -- Large debt-funded acquisitions and/or share repurchases;

   -- EBITDA margins for the manufacturing segment decline to 10%
      or lower on a sustained basis;

   -- Substantial support is required for TILC.

An upgrade is unlikely in the medium term based on the cyclicality
of Trinity's manufacturing business and potential funding and
credit risk at TILC.

                             LIQUIDITY

Trinity had healthy liquidity totaling $2.1 billion as of
March 31, 2016.  Corporate had $636 million in cash and $200
million in total marketable securities as well as a $600 million
revolver which had $507 million available after $93 million of
letters of credits.  The bulk of the cash is in excess of the
company's operating needs, which Fitch estimates at $150 million -
$200 million for its manufacturing business.  The corporate
maturity schedule is favorable with the revolver as the nearest
maturity in May 2020.  Overseas cash is immaterial.

Trinity faces a contingent liability with respect to its $450
million of convertible subordinated notes due in 2036, which are
puttable on June 1, 2018.  Fitch believes Trinity would have
sufficient liquidity between its excess cash and borrowing
facilities to handle this liability, should it be necessary.

TILC uses a $1 billion warehouse facility expiring in April 2018
($741 million was available as of March 31, 2016) and intercompany
loans to fund railcar purchases on an interim basis until permanent
funding is obtained from securitizations or sales to investment
vehicles (RIVs).  Trinity does not have a legal obligation to repay
TILC's non-recourse debt, but Fitch expects the parent would
support TILC if necessary.

Fitch affirms Trinity's ratings as:

   -- Long-term IDR at 'BBB-';
   -- Senior unsecured revolving credit facility at 'BBB-';
   -- Senior unsecured notes at 'BBB-'
   -- Subordinated convertible notes at 'BB+'

The Rating Outlook is Stable.



TRINITY PUMPING: May 3 Hearing on Case Dismissal Bid
----------------------------------------------------
Trinity Pumping Units, LLC, and Petitioning Creditors Shores Lift
Solutions Inc., BlackGold Equipment LLC, and CraneWorks Rental,
LLC, executed a stipulation and agreed order extending the time for
the Debtor to answer the Involuntary Petition to May 6, 2016, as
the Parties continue to negotiate a possible resolution of the
matter.

The Petitioning Creditors' counsel found out that there is no
equity available for unsecured Creditors and no apparent defect in
the Lender's claims after conducting an investigation into the
validity, priority and nature of the liens asserted by Community
National Bank, the Debtor's Lender, as well as the value of the
equipment securing the claims of the Bank.  However, BlackGold does
not consent to, or approve of, the filing of the Motion to Dismiss
filed by Shores Lift and CraneWorks, where the Movants and the
Debtor have come to an agreement for release of claims and
dismissal of the Bankruptcy proceeding with prejudice.

Upon the Petitioning Creditors' request for an expedited hearing on
their Motion to Dismiss, the Court has scheduled the Motion for a
hearing on May 3, 2016.

The Debtor is represented by:

       R. Byrn Bass, Jr., Esq.
       Compass Bank Building
       4716 4th Street, Suite 100
       Lubbock, Texas 79416
       Telephone: 806-785-1250
       Facsimile: 806-771-1260
       Email: bbass@bbasslaw.com

The Petitioning Creditors are represented by:

       Bernard R. Given, II, Esq.
       LOEB & LOEB LLP
       10100 Santa Monica Blvd., Suite 2200
       Los Angeles, CA 90067
       Telephone: 310.282.2000
       Facsimile: 310.282.2200
       Email: bgiven@loeb.com

Shores Lift Solutions Inc., BlackGold Equipment LLC, and CraneWorks
Rentals, LLC, which hold claims totaling approximately $4.9
million, filed an involuntary Chapter 11 petition against Trinity
Pumping Units, LLC, on March 23, 2016 (Bankr. W.D. Tex., Case No.
16-70040).  The case is assigned to Judge Ronald B. King.


TROCOM CONSTRUCTION: Plan Exclusivity Extended to May 31
--------------------------------------------------------
At the behest of Trocom Construction Corp., Bankruptcy Judge Nancy
Hershey Lord ruled that pursuant to section 1121(d) of the
Bankruptcy Code, the Debtor's exclusive period to file a Chapter 11
plan of reorganization is extended through and including May 31,
2016, and the exclusive period to solicit acceptances on the Plan
is extended through and including August 1, 2016.

                      About Trocom Construction

Trocom Construction Corp. was formed in 1969 by Salvatore Trovato.

The Company is in the heavy construction business.  Its primary
customer is the City of New York through its various agencies.
The
Company has 75 employees, the majority of whom are members of
various unions.  Joseph Trovato is presently the president and
holder of 100% of the voting shares of Trocom.

Trocom commenced a Chapter 11 bankruptcy case (Bankr. E.D.N.Y.
Case
No. 15-42145) on May 7, 2015, in Brooklyn.  

Judge Nancy Hershey Lord presides over the case.  The Debtor
tapped
Cullen & Dykman, LLP, as its general bankruptcy counsel.

The Debtor disclosed total assets of $32,462,383 and total
liabilities of $17,184,837 as of the Chapter 11 filing.


TROJE'S TRASH: Court Extends Plan Exclusivity to July 5
-------------------------------------------------------
At the behest of Troje's Trash Pick-up, Inc., Judge Kathleen H.
Sanberg of the U.S. Bankruptcy Court for the District of Minnesota
ruled that the period within which the debtor has the exclusive
right to file a plan of reorganization pursuant to 11 U.S.C. Sec.
1121(b) is extended bu 60 days to July 5, 2016; and the period
within which the debtor has to the exclusive right to gain
acceptance of a plan pursuant to Sec. 1121(c)(3) is extended by 60
days to September 3, 2016.

The Debtor said "it does not know at present if it will be filing
a
plan and a disclosure statement in conjunction with a sale of the
Debtor's assets.  The Debtor is soliciting offers for a sale of
its
assets.  The Debtor expects to conduct an auction if multiple
proposals and/or bids are received.  However, the Debtor cannot
yet
ascertain whether this will require the filing of a plan and a
disclosure statement.  Accordingly, the Debtor believes it would
be
premature, at this point, to file a plan and a disclosure
statement.  Filing a plan and a disclosure statement prior to
knowing the identity of a purchaser of the Debtor's assets will
not
serve the best interests of the Debtor, its estate or its
creditors."

The Debtor believes that no creditors or parties in interest will
suffer prejudice by the Court granting the Debtor the extension
sought in this Motion.  In addition, the Debtor believes that the
extension sought will be supported by the Committee of Unsecured
Creditors and the Vermillion State Bank, the Debtor's principle
secured creditor.

The Debtor is represented by:

     Steven B. Nosek, Esq.
     2855 Anthony Lane South, Suite 201
     St. Anthony, MN 55418
     Tel: (612) 335-9171
     E-mail: snosek@noseklawfirm.com

                       About Troje's Trash

Troje's Trash Pick-Up Inc. sought protection under Chapter 11 of
the Bankruptcy Code in the U.S. Bankruptcy Court for the District
of Minnesota (St. Paul) (Bankr. D. Minn., Case No. 16-30037) on
January 7, 2016.  The petition was signed by Dennis Troje,
president.

The Debtor is represented by Steven Nosek, Esq., at Steven B.
Nosek, P.A.  The case is assigned to Judge Kathleen H. Sanberg.

The Debtor estimated both assets and liabilities in the range of
$1 million to $10 million.


TRUST COMPANY BANK: Closed; Bank of Fayette Assumes Deposits
------------------------------------------------------------
Trust Company Bank, Memphis, Tennessee, was closed April 29 by the
Tennessee Department of Financial Institutions, which appointed the
Federal Deposit Insurance Corporation (FDIC) as receiver. To
protect the depositors, the FDIC entered into a purchase and
assumption agreement with The Bank of Fayette County, Piperton,
Tennessee, to assume all of the deposits of Trust Company Bank.

The four branches of Trust Company Bank will reopen as branches of
The Bank of Fayette County during normal business hours. Depositors
of Trust Company Bank will automatically become depositors of The
Bank of Fayette County. Deposits will continue to be insured by the
FDIC, so there is no need for customers to change their banking
relationship in order to retain their deposit insurance coverage up
to applicable limits. Customers of Trust Company Bank should
continue to use their current branch until they receive notice from
The Bank of Fayette County that systems conversions have been
completed to allow full-service banking at all branches of The Bank
of Fayette County.

Depositors of Trust Company Bank can continue to access their money
by writing checks or using ATM or debit cards. Checks drawn on the
bank will continue to be processed. Loan customers should continue
to make their payments as usual.

As of December 31, 2015, Trust Company Bank had approximately $20.7
million in total assets and $20.3 million in total deposits. In
addition to assuming all of the deposits of Trust Company Bank, The
Bank of Fayette County agreed to purchase approximately $3.9
million of the failed bank's assets. The FDIC will retain the
remaining assets for later disposition.

Customers with questions about the transaction should call the FDIC
toll-free at 1-800-886-2514. The phone number will be operational
Friday until 9:00 p.m., Central Time (CT); on Saturday from 9:00
a.m. to 6:00 p.m., CT; on Sunday from noon to 6:00 p.m., CT; on
Monday from 8:00 a.m. to 8:00 p.m., CT; and thereafter from 9:00
a.m. to 5:00 p.m., CT. Interested parties also can visit the FDIC's
Web site at
https://www.fdic.gov/bank/individual/failed/trustco.html.

The FDIC estimates that the cost to the Deposit Insurance Fund
(DIF) will be $7.2 million. Compared to other alternatives, The
Bank of Fayette County's acquisition was the least costly
resolution for the FDIC's DIF. Trust Company Bank is the second
FDIC-insured institution in the nation to fail this year, and the
first in Tennessee. The last FDIC-insured institution closed in the
state was Community South Bank, Parsons, TN, on August 23, 2013.


TTJ ENTERPRISES: Asks Court to Extend Plan Exclusivity to July 30
-----------------------------------------------------------------
TTJ Enterprises, LLC asks the U.S. Bankruptcy Court for the Middle
District of Louisiana for entry of an order pursuant to Section
1121 of Chapter 11 of the Bankruptcy Code (i) extending the
exclusive 120 day period within which the Debtor may maintain
exclusivity to file its plan of reorganization and any amendments
thereto,  and (ii) extending the 180 day period within which the
Debtor may obtain acceptance of its plan for an additional 60 days
-- July 30, 2016 and September 28, 2016, respectively.

The periods in which the Debtor maintains the exclusive right to
file a Plan and obtain acceptance of the Plan currently expire on
May 31, 2016, and July 30, 2016 respectively.

The Debtor tells the Court that the Plan to be proposed by the
Debtor will largely depend on the claims alleged against the
estate. The Debtor anticipates the filing of an objection, and
possibly an adversary proceeding, against one of the creditors
allegedly holding significant claims against the estate.
Therefore, the Debtor requests additional time within which it may
maintain exclusivity and gain acceptance of its Plan in
anticipation of its continued efforts to resolve the claim, or,
file the appropriate pleadings and have this Court resolve the
claim.

TTJ Enterprises, LLC, based in Baton Rouge, Louisiana, filed a
Chapter 11 petition (Bankr. M.D. La. Case No. 16-10112) on February
1, 2016.  Noel Steffes Melancon, Esq., and William E. Steffes,
Esq., at Steffes Vingiello & McKenzie LLC.

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


U.S. SILICA: Egan-Jones Cuts LC Sr. Unsecured Rating to BB-
-----------------------------------------------------------
Egan-Jones Ratings Company downgraded the local currency senior
unsecured rating on debt issued by U.S. Silica Holdings, Inc. to
BB- from BB on April 29, 2016.

Based in Frederick, Maryland, U.S. Silica Holdings, Inc. is a
producer of industrial silica and sand proppants. Then Company
produces a variety of industrial minerals including sand proppants,
whole grain silica, ground silica, fine ground silica, calcined
kaolin clay and aplite clay. U.S. Silica offers its products to the
oil and gas, glass, chemical, and building products industries.



ULTRA PETROLEUM: Case Summary & 30 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

     Debtor                                         Case No
     ------                                         -------
     Ultra Petroleum Corp.                          16-32202
     400 North Sam Houston Parkway East, Suite 1200
     Houston, TX 77060

     Keystone Gas Gathering, LLC                    16-32203
     Ultra Resources, Inc.                          16-32204
     Ultra Wyoming LGS, LLC                         16-32206
     Ultra Wyoming, Inc.                            16-32205
     UP Energy Corporation                          16-32207
     UPL Pinedale, LLC                              16-32208
     UPL Three Rivers Holdings, LLC                 16-32209

Type of Business: Oil and natural gas exploration and production
                  company

Chapter 11 Petition Date: April 29, 2016

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

Judge: Hon. Marvin Isgur

Debtors' Counsel: Patricia B. Tomasco, Esq.
                  Matthew D. Cavenaugh, Esq.
                  Jennifer F. Wertz, Esq.
                  JACKSON WALKER, L.L.P.
                  1401 McKinney Street, Suite 1900
                  Houston, Texas 77010
                  Tel: (713) 752-4200
                  Fax: (713) 752-4221
                  Email: ptomasco@jw.com
                         mcavenaugh@jw.com
                         jwertz@jw.com
  
                    - and -

                 James H.M. Sprayregen, P.C.
                 David R. Seligman, P.C.
                 Michael B. Slade, Esq.

                 Gregory F. Pesce, Esq.
                 KIRKLAND & ELLIS LLP

                 KIRKLAND & ELLIS INTERNATIONAL LLP
                 300 North LaSalle
                 Chicago, Illinois 60654
                 Tel: (312) 862-2000
                 Fax: (312) 862-2200
                 Email: james.sprayregen@kirkland.com
                        david.seligman@kirkland.com
                        michael.slade@kirkland.com
                        gregory.pesce@kirkland.com

                    - and -

                 Christopher T. Greco, Esq.
                 601 Lexington Avenue
                 New York, New York 10022
                 Tel: (212) 446-4800
                 Fax: (212) 446-4900
                 Email: christopher.greco@kirkland.com

Debtors'         ROTHSCHILD, INC.
Investment
Banker:

Debtors'         PETRIE PARTNERS
Investment
Banker:

Debtors'         EPIQ BANKRUPTCY SOLUTIONS, LLC
Claims and
Noticing
Agent:

Total Assets: $1.28 billion as of March 31, 2016

Total Debts: $3.91 billion as of March 31, 2016

The petition was signed by Garland R. Shaw, chief financial
officer.

List of Debtor's 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Private Placement Notes Issued by      Notes       $1,460,000,000
Ultra Resources, Inc.
c/o Morgan Lewis & Bockius LLP
Counsel to Ad Hoc Group of Private
Placement Noteholders
Attn.: Andrew Gallo & Renee Dailey
One Federal St.
Boston,MA 02110-1726
Name: Andrew Gallo
Tel: 617-951-8117
Email: Andrew.gallo@morganlewis.com
Fax: 617-345-5048

Delaware Trust, as Successor Trustee   Notes       $1,300,000,000
under the Notes Issued by Ultra
Petroleum Corp.
2711 Centerville Road
Wilmington, DE 19808
Name: Sandra E. Horwitz
Tel: 302-636-5404, ext. 62412
Fax: 302-626-8666
Email: shorwitz@delawaretrust.com

JP Morgan Chase Bank, N.A.,           Revolving      $999,000,000
as agent                               Credit
for Revolving Credit Facility         Facility
of Ultra Resources, Inc.
c/o Mayer Brown LLP
1221 Avenue of the Americas
Counsel to JP Morgan
Chase Bank, N.A.
Attn.: Frederick D. Hyman
New York, NY 10020
Name: Frederick D. Hyman
Tel: 212-506-2664
Fax: 212-849-5664
Email: fhyman@mayerbrown.com

Rockies Express Pipeline LLC          Litigation      $303,189,237
c/o Sidley Austin LLP
Attn.: Sarah M. Valenti
1000 Louisiana St., Suite 600
Houston, TX 77002
Name: Sarah M. Valenti
Tel: 713-495-4510
Fax: 713-495-7799
Email: sarah.valenti@sidley.com

Sunoco Partners Marketing &           Threatened       $38,602,400
Terminals L.P.                        Litigation
c/o Anthony J. Pruzinsky
Hill Rivkins LLP
45 Broadway
New York, NY 10006
Name: Anthony J. Pruzinsky
Tel: 212-669-0600
Fax: 212-669-0698
Email: thefirm@hillrivkins.com

Halliburton Energy Services, Inc.        Trade            $291,485
P.O. Box 972866
Dallas, TX 75397
Name: Sharon Gurule
Tel: 281-871-7034
Fax: 281-449-1603
Email: sharon.gurule@halliburton.com

Nabors Drilling Technologies USA, Inc.   Trade            $250,000
P.O. Box 973527
Dallas, TX 75397-3527
Name: Terry Boyd
Tel: 281-874-0035
Fax: 281-775-8047
Email: terry.boyd@nabors.com

Patterson-UTI Drilling Company           Trade            $250,000
1125 17th Street
Suite 800
Denver, CO 80202
Name: Cory Heinecke
Tel: 303-542-1900
Fax: 405-542-1903
Email: Cory.Heinecke@patenergy.com

Infinity Power & Controls, LLC           Trade            $128,003
Email: ipcaccounting@wyoming.com

Sublette County Conservation District    Taxes             $50,030
Email: coke_landers@hotmail.com

Double Hook Inc.                         Trade             $44,550
Email: klas_c7@hotmail.com

KLX Energy Holdings LLC                  Trade             $26,748
Email: nicole.arrington@klx.com

Rapid Wire, LLC                          Trade             $21,840
Email: rapidwire@hotmail.com

Smith International, Inc.                Trade             $20,300
Email: bcorbett@slb.com

Well Master Corporation                  Trade             $15,319
Email: janet.maxwell@wellmaster.com

Schlumberger Technology Corp             Trade             $15,132
Email: bcorbett2@slb.com

R & R Services, Inc.                     Trade             $14,625
Email: geriw@r-rservicesinc.com

Earthworks, Inc.                         Trade             $14,504
Email: dhearthworks@wyoming.com

AntiCline Disposal, LLC                  Trade             $14,411
Email: jmaxey@transmontaigne.com

DNOW L.P.                                Trade             $11,120
Email: linda.scruggs@dnow.com

Northern Lights Energy                   Trade             $10,400
Email: tharper@vcn.com

TeaTon Solutions, Inc.                   Trade             $10,092
Email: trry_eaton@yahoo.com

Mountain States Pressure Service, Inc.   Trade             $10,036
Email: laurie@mspsi.com

Walker Inspection LLC                    Trade              $9,284
Email: bhayden@collinscom.net

Oasis Emission Consultants Inc.          Trade              $8,601
Email: dsmithies@oasisemission.com

Newsco Int'l Energy Services             Trade              $7,950
Email:
casper.accounting@newsco-drilling.com

Green River Rock, Inc.                   Trade              $7,436
Email: bfear@centurytel.net

Alliance Drilling Tools, LLC             Trade              $7,306
Email: mbmcgovern@nglconnection.com

Gasconade Oil Co.                      Litigation     Undetermined
Email: scampbell@popllc.com

Doyle and Margaret Hartman             Net Profit     Undetermined
Email: jnmurdock@murdocklawfirm.com     Interest


ULTRA PETROLEUM: Files Chapter 11 in Houston, Cites $3.8-Bil. Debt
------------------------------------------------------------------
Ultra Petroleum Corp. and its wholly-owned subsidiaries filed
voluntary petitions for relief under chapter 11 of the Bankruptcy
Code with the United States Bankruptcy Court for the Southern
District of Texas, in Houston, on April 29, 2016, to address nearly
$3.8 billion in debt:

The Debtors' funded indebtedness -- all of which is unsecured --
consists of:

   $1,300,000,000 in principal amount of unsecured senior notes
                  issued by Ultra Petroleum which are structurally

                  subordinated to Ultra Resources' funded
                  indebtedness and which lack recourse to any other

                  Debtor or entity;

     $999,000,000 in unsecured bank debt borrowed by Ultra
                  Resources (and guaranteed by UP Energy and Ultra

                  Petroleum) under the Credit Agreement, dated as
                  of October 6, 2011 (as amended, modified), with
                  JPMorgan Chase Bank, N.A., as administrative
                  agent, and certain other parties thereto; and

   $1,460,000,000 in principal amount of unsecured senior notes
                  issued by Ultra Resources (and guaranteed by UP
                  Energy and Ultra Petroleum).
   --------------
   $3,759,000,000 Total

Garland R. Shaw, Senior Vice President and Chief Financial Officer
of Ultra Petroleum, tells the Bankruptcy Court that the low
commodity prices, and especially the low natural gas prices, that
prevailed throughout 2015 and have continued through the first four
months of 2016 have had a devastating impact on the Debtors'
financial condition, causing their capital structure to become
unstable and unsustainable.  The adverse market conditions that
have harmed the Debtors have also affected nearly every company
involved in the oil and gas business, including other exploration
and production companies.  

According to Mr. Shaw, despite the Debtors' proactive efforts, to
deleverage their capital structure and increase their liquidity in
response to the falling commodity markets, the pricing collapse has
severely impacted the Debtors' financial results.  Despite the
Debtors' record production, the Debtors' consolidated EBITDA for
2015 was only $610.0 million, nearly 25% lower than the Debtors'
reported 2014 EBITDA of $810.0 million (and over 35% lower than the
Debtors' 2014 pro forma EBITDA of $950.0 million, including the
full-year effects of the SWEPI LP acquisition).  Moreover, although
the Debtors expect to produce up to 280.0 Bcfe of natural gas and
oil this year (nearly equaling last year's record production),
based on the commodity prices of a few months ago, the Debtors
expected to generate less than $300.0 million of EBITDA in 2016,
which is less than half the EBITDA that the Debtors generated in
2015, and less than one-third of their pro forma 2014 EBITDA.  If
the oil and natural gas markets can maintain the somewhat higher
prices of recent weeks, the Debtors may generate more than $300.0
million of EBITDA in 2016.

Mr. Shaw relates that beginning in October 2015, the Company began
negotiations with the Ultra Resources Lenders, including the Ultra
Resources Credit Agreement lenders and the Ultra Resources
Noteholders.  The Company's initial objective during these
discussions -- which ultimately continued over the next several
months -- was to negotiate an amendment to Ultra Resources' Master
Note Purchase Agreement that would alleviate the constraints of the
consolidated leverage ratio financial covenant.  The Company also
sought to negotiate a replacement credit facility to the Ultra
Resources Credit Agreement, which matures October 2016.

Although many meetings were convened, negotiations conducted, and
drafts of term sheets and proposals prepared and exchanged,
conditions in the oil and gas business
continued to be very poor, and the Company's financial condition
continued to deteriorate through the end of 2015, and, as a result,
no changes were agreed to regarding the Debtors' capital structure.


As 2016 began, the Company and its lenders continued their efforts
to reach a consensual out-of-court restructuring of the Company's
balance sheet.  More specifically, in early January 2016, the
Company delivered an updated proposal to the Ultra Resources
Noteholders and, separately, to JPMorgan Chase Bank, N.A., on
behalf of the Ultra Resources Lenders.  The Company's proposal
contemplated a comprehensive restructuring of the Debtors' capital
structure, including the Ultra Petroleum Notes.  After receiving
the proposal, the Ultra Resources Noteholders engaged a financial
advisor, who began a comprehensive diligence process.  Although
there was some discussion of the proposal, it did not result in an
agreement.  

By the beginning of February 2016, the Ultra Resources Lenders
engaged a financial advisor, and the Ultra Resources Lenders began
to focus on negotiating forbearance agreements to address the
near-term interest and maturity payments under the Ultra Resources
Notes instead of the Company's overall restructuring proposal.
These discussions continued throughout the month, and the Company,
each of the Ultra Resources Lenders and Ultra Resources Noteholders
signed waiver and amendment agreements on March 1, 2016.  These
agreements -- which were intended to provide time to attempt to
negotiate an out-of-court restructuring transaction -- allowed the
Debtors to defer approximately $102.0 million in principal and
interest payments due March 1, 2016 under the Ultra Resources Notes
as well as $2.7 million in interest payments payable between March
1, 2016 and April 30, 2016 under the Ultra Resources Credit
Agreement.  The agreements also conditioned the waivers on the
Company's electing not to make an April 1, 2016 interest payment
due on certain Ultra Petroleum Notes.

On March 8, 2016, the Company invited the Ultra Resources Lenders
and Ultra Resources Noteholders to a meeting in New York City.  At
the meeting, the Company presented the groups with another,
different proposal to restructure all of the Company's debt on an
out-of-court basis.

On April 1, 2016, as contemplated by the waiver and amendment
agreements, Ultra Petroleum elected to defer the approximately
$26.0 million interest payment on the 2024 Notes, entering a 30-day
grace period.  On April 4, the Ultra Resources Lenders and Ultra
Resources Noteholders provided a joint counterproposal to the
Company.  Thereafter, the Debtors realized the parties would
struggle to reach an agreement prior to the April 30, 2016
expiration of the forbearance and waiver agreements and that a
comprehensive restructuring of the Debtors' obligations could only
be achieved through the chapter 11 process.

Over the course of their lengthy discussions with the Ultra
Resources Lenders, the Company and its advisors also engaged in
several constructive discussions with certain holders of the Ultra
Petroleum Notes and their advisors.  However, no agreement could be
reached with the holders of the Ultra Petroleum Notes prior to the
Company's chapter 11 filing.

In light of the April 30, 2016 expiration of the forbearance
agreements between the Company and the Ultra Resources Lenders and
the May 1, 2016 expiration of the grace period under the 2014 Ultra
Petroleum Indenture, the Debtors commenced these chapter 11 cases.
During the coming weeks and months, the Debtors plan to engage all
of their constituencies, including the to-be-formed official
committee of unsecured creditors, in a productive dialogue
regarding restructuring alternatives designed to maximize value for
all of the Company's stakeholders.  The Debtors also plan to
carefully evaluate their contractual obligations and identify
opportunities to renegotiate or reject those that are no longer
beneficial to the estate.

                       Canadian Proceedings

Ultra Petroleum plans to seek recognition of these proceedings in
Yukon, Canada pursuant to section 46 of the Canadian Companies'
Creditors Arrangement Act.  The Debtors have filed a motion for
entry of an order appointing Ultra Petroleum as the foreign
representative with respect to its planned foreign recognition
proceeding.

Ultra Petroleum is a corporation registered in Yukon, Canada.
Ultra Petroleum, as the proposed Foreign Representative, will seek
ancillary relief in Canada on behalf of its estate in a court of
proper jurisdiction in Yukon, Canada pursuant to the Companies'
Creditors Arrangement Act (Canada) R.S.C. 1985, c. C-36.  The
purpose of the ancillary proceeding is to request that the Canadian
Court recognize Ultra Petroleum's chapter 11 case as a "foreign
main proceeding" under the applicable provisions of the CCAA to,
among other things, protect Ultra Petroleum's interests -- as well
as the interests of any putative creditors -- in Canada.
Specifically, although Ultra Petroleum does not have any Canadian
assets or operations, the Debtors seek to ensure that potential
Canadian parties-in-interest have the opportunity to be heard in a
convenient forum, and further, to ensure coordination and
consistency as between these proceedings and the Canadian
Proceeding.

                  Joint Administration Sought

The filing Debtors are: Ultra Petroleum Corp.; Keystone Gas
Gathering, LLC; Ultra Resources, Inc.; Ultra Wyoming, Inc.; Ultra
Wyoming LGS, LLC; UP Energy Corporation; UPL Pinedale, LLC; and UPL
Three Rivers Holdings, LLC.  The Debtors are based in Houston,
Texas.

The Debtors are asking the Bankruptcy Court for an order directing
procedural consolidation and joint administration of their related
chapter 11 cases, under Case No. 16-32202 (MI).

Ultra Petroleum is a publicly-traded, independent oil and natural
gas exploration and production company.  The Company and all of its
subsidiaries are engaged in the oil and gas business.  


ULTRA PETROLEUM: Files Voluntary Chapter 11 Bankruptcy Petition
---------------------------------------------------------------
Ultra Petroleum Corp. ("UPL") filed on April 29 a voluntary
petition to reorganize under Chapter 11.  The filing includes Ultra
Wyoming LGS, LLC ("Ultra Wyoming"), the operator of the Pinedale
Liquids Gathering System ("Pinedale LGS") and tenant of the
Pinedale Lease Agreement (the "Pinedale Lease") with CorEnergy
Infrastructure Trust Inc. ("CorEnergy").

The bankruptcy filing of both the guarantor, UPL, and the tenant
and circumstances prompting the filing constitute defaults under
the terms of the Pinedale Lease.  The bankruptcy filing serves as a
stay of CorEnergy's ability to exercise remedies for certain of
those defaults.  However, Section 365 of the Bankruptcy Code
requires Ultra Wyoming to comply on a timely basis with many
provisions of the Pinedale Lease, including the payment provisions.
The only exception to that requirement is if Ultra Wyoming takes
specific action to reject the Pinedale Lease.  In its Form 10-Q,
also filed on April 29th, UPL stated that, "A termination of the
Pinedale Lease Agreement would significantly disrupt our ability to
produce oil and gas from Pinedale field which would have a material
adverse effect on our business, financial condition, results of
operations, and cash flows." Further, Ultra Wyoming has not filed a
motion to reject the Pinedale Lease.

CorEnergy Chief Executive Officer, Dave Schulte said, "We will
provide an update of any further developments affecting the
Pinedale Lease, should they arise."  CorEnergy has scheduled an
investor call on May 11, 2016 at 1:00 p.m. Central Time to discuss
its first quarter results. Information regarding the call may be
found on the "Events & Presentations" page of the Company's
website.

              About CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc. --
http://www.corenergy.corridortrust.com-- is a real estate
investment trust (REIT) that owns essential midstream and
downstream energy assets, such as pipelines, storage terminals, and
transmission and distribution assets.  It seeks long-term
contracted revenue from operators of its assets, primarily under
triple net participating leases.


                      About Ultra Petroleum

Ultra Petroleum Corp. is an independent oil and gas company engaged
in the development, production, operation, exploration and
acquisition of oil and natural gas properties.  The Company was
incorporated on Nov. 14, 1979, under the laws of the Province of
British Columbia, Canada.  Ultra remains a Canadian company, but
since March 2000, has operated under the laws of Yukon, Canada
pursuant to Section 190 of the Yukon Business Corporations Act. The
Company's principal business activities are developing its
long-life natural gas reserves in the Green River Basin of
southwest Wyoming -- the Pinedale and Jonah fields, its oil
reserves in the Uinta Basin in northeast Utah and its natural gas
reserves in the north-central Pennsylvania area of the Appalachian
Basin.

Ultra Petroleum reported a net loss of $3.2 billion on $839.11
million of total operating revenues for the year ended Dec. 31,
2015, compared to net income of $542.85 million on $1.23 billion of
total operating revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $971.48 million in total
assets, $3.96 billion in total liabilities and a $2.99 billion
total shareholders' deficit.

In its report on the consolidated financial statements for the year
ended Dec. 31, 2015, Ernst & Young LLP issued a "going concern"
qualification stating that the Company's maturing Credit Agreement
and debt covenant violation raise substantial doubt about the
Company's ability to continue as a going concern.


US STEEL: Canada Court Grants Creditor Protection Until July 28
---------------------------------------------------------------
Dow Jones' Daily Bankruptcy Review, citing the Globe and Mail,
reported that United States Steel Corp. has lost out on a bid to
bring down the curtain on the restructuring of U.S. Steel Canada
Inc., its former Canadian unit, which it cut loose last year after
placing it into creditor protection in 2014.

According to the Globe and Mail, the Ontario Superior Court
rejected U.S. Steel's bid to halt an extension of U.S. Steel
Canada's, or USSC's, protection under the Companies' Creditors
Arrangement Act and the Pittsburgh-based company's alternative
proposal that any extension be limited to May 20.  The court ruled
in favour of U.S. Steel Canada's request for an extension until
July 28, the report said.

The Globe and Mail related that U.S. Steel, which has a claim of
more than $1 billion against its former Canadian unit, pointed to
the "significant and ongoing value destruction that is currently
taking place at USSC, to the detriment of USSC's secured and
unsecured creditors," as a reason for wrapping up the restructuring
as soon as possible.  The company's former Canadian unit is in the
midst of seeking a buyer or investor as part of a court-approved
sales process, following an earlier attempt to sell the business
that failed last year, the report further related.

"USS is very concerned about USSC's continuing losses and the
impact of these losses on USSC's liquidation value," the report
cited U.S. Steel as saying in a court filing.

                  About U.S. Steel Canada, Inc.

U.S. Steel Canada's operations are located at Lake Erie Works, a
fully integrated steelmaking facility, and at Hamilton Works, home
to cokemaking and finishing operations including its
zinc-coating facility, Z-Line.  U.S. Steel Canada has the
capability of producing approximately 2.6 million tons of steel
annually and employs approximately 2,000 people.

U.S. Steel Canada commenced court-supervised restructuring
proceedings under the Companies' Creditors Arrangement Act, R.S.C.
1985, c. C-36, before the Ontario Superior Court of Justice
(Commercial List) on Sept. 16, 2014.  Ernst & Young Inc. has been
appointed by the CCAA court as monitor pursuant to an Initial CCAA
Order.


USA DISCOUNTERS: Plan Exclusivity Extended to June 20
-----------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware enlarged the
period within which USA Discounters Ltd., et al., have the
exclusive right to file a Chapter 11 plan by three months, through
and including June 20, 2016; and the period within which the
Debtors have the exclusive right to solicit votes on the Plan
through and including Aug. 18.

                      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 PHARMACEUTICALS: Bill Ackman's Hedge Fund Herb Tumbles
--------------------------------------------------------------
Alexandra Stevenson and Matthew Goldstein, writing for The New York
Times' DealBook, reported that billionaire-investor William A.
Ackman has become the unofficial leader of a thundering herd that
has lost billions of dollars betting on Valeant Pharmaceuticals
over the past year.

According to the report, the 49-year-old founder of Pershing Square
Capital Management, the $12.5 billion hedge fund, found himself
going to bat again for Valeant when he testified before Congress
about Valeant's controversial drug pricing policies, which have
included inflating the prices of vital heart medicines right before
learning that generic equivalents were coming to the market.

Mr. Ackman's firm has lost billions of dollars on Valeant as shares
of the Canadian drug maker 85 percent since he first pitched the
company as one of his best investment ideas at a hedge fund charity
event last year, the report related.

Not coincidentally, big names like Paulson & Company, Viking Global
Investors and Brahman Capital have also lost billions,
collectively, by betting on Valeant -- underscoring a growing
phenomenon of hedge fund groupthink, the report further related.
It is a reflection of big-dollar investors chasing too few ideas
and getting tripped up when things turn poorly for a company they
have set big markers on, the report said.

                         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.

As reported by the TCR on April 19, 2016, 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.


VESTIS RETAIL: U.S. Trustee to Hold 341 Meeting on May 26
---------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, has requested the
Clerk of Bankruptcy Court to schedule a meeting of creditors of
Vestis Retail Group LLC and its affiliates on May 26, 2016, at 2:00
p.m.

Mr. Vara plans to hold the meeting at the J. Caleb Boggs Federal
Building, Room 2112, 2nd Floor, 844 King Street, Wilmington,
Delaware.

The court overseeing the bankruptcy case of a company schedules the
meeting of creditors usually about 30 days after the bankruptcy
petition is filed.  The meeting is called the "341 meeting" after
the section of the Bankruptcy Code that requires it.

A representative of the company is required to appear at the
meeting and answer questions under oath.  The meeting is presided
over by the U.S. trustee, the Justice Department's bankruptcy
watchdog.

                      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.  Eastern Mountain Sports 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.

Vestis Retail Group and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 16-10971) on
April 18, 2016.  The Debtors estimated assets in the range of $0 to
$50,000 and debts of $100 million to $500 million.  The petitions
were signed by Thomas A. Kennedy as secretary.

The Debtors have hired Young, Conaway, Stargatt & Taylor, LLP as
their counsel, FTI Consulting, Inc. and Lincoln Partners Advisors
LLC as their financial advisor and Kurtzman Carson Consultants, LLC
as their claims and noticing agent.

Judge Laurie Selber Silverstein is assigned to the cases.


WHISKEY ONE: Hires Rial as Banking and Interest Rate Experts
------------------------------------------------------------
Whiskey One Eight, LLC, seeks authority from the U.S. Bankruptcy
Court for the District of Maryland to employ R. Hugh Rial and Rial
& Associates LLC as banking and interest rate experts to the
Debtor.

Whiskey One requires Rial to:

   (a) review and analyze documentation and data to assist the
       Debtor in determining the commercially reasonable interest
       rate to be paid to the Debtor's current senior secured
       creditor, FAIRMD, LLC;

   (b) complete an expert report and affidavits in accordance
       with the Federal Rules; and

   (c) prepare for and providing expert witness testimony at
       depositions and in Court on the commercially reasonable
       interest rate to be paid to FAIRMD, LLC.

Rial's current hourly rate is $425.00. However, Rial has agreed to
provide his services at an hourly rate of $400.00. Rial's hourly
rate for travel time is $200.00.

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

To the best of the Debtor's knowledge the firms are 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.

Rial can be reached at:

     R. Hugh Rial
     RIAL & ASSOCIATES LLC
     13404 Straw Bale Lane
     Darnestown, MD 20878
     Tel: (301) 509-0655
     E-mail: Hugh.Rial@RialAssociates.com

                        About Whiskey One

Whiskey One Eight, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Md. Case No. 15-19885) on July 15, 2015. Andrew Zois
signed the petition as managing member. The Debtor disclosed total
assets of $18,008,600 and total liabilities of $5,100,057 as of the
Chapter 11 filing.

Lawrence Joseph Yumkas, Esq., at Yumkas, Vedmar & Sweeney, LLC as
the Debtor's counsel. Judge David E. Rice presides over the case.

The Debtor, on Feb. 10, 2016, filed with the U.S. Bankruptcy Court
for the District of Maryland, Baltimore Division, a plan of
reorganization, which impairs all general unsecured claims. A
full-text copy of the Plan is available at
http://bankrupt.com/misc/WOEplan0210.pdf


WHITING PETROLEUM: Incurs $172 Million Net Loss in 1st Quarter
--------------------------------------------------------------
Whiting Petroleum Corporation filed with the Securities and
Exchange Commission its quarterly report on Form 10-Q disclosing a
net loss of $172 million on $292 million of total revenues and
other income for the three months ended March 31, 2016, compared to
a net loss of $106 million on $529 million of total revenues and
other income for the same period in 2015.

As of March 31, 2016, Whiting had $11.18 billion in total assets,
$6.58 billion in total liabilities and $4.59 billion in total
equity.

At March 31, 2016, the Company had $1 million of cash on hand and
$4.6 billion of equity, while at Dec. 31, 2015, the Company had $16
million of cash on hand and $4.8 billion of equity.

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

                     http://is.gd/hwJOr6

                   About Whiting Petroleum

Whiting Petroleum Corporation is an independent oil and gas company
engaged in development, production, acquisition and exploration
activities primarily in the Rocky Mountains and Permian Basin
regions of the United States.

Whiting Petroleum reported a net loss available to common
shareholders of $2.21 billion on $2.05 billion of total revenues
and other income for the year ended Dec. 31, 2015, compared to net
income available to common shareholders of $64.80 million on $3.08
billion of total revenues and other income for the year ended
Dec. 31, 2014.


WINDSOR FINANCIAL: Committee Hires Fox Rothschild as Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of Windsor Financial
Group LLC, seeks authorization from the U.S. Bankruptcy Court for
the Southern District of New York to retain Fox Rothschild LLP as
counsel to the Committee, nunc pro tunc to March 23, 2016.

A hearing to approve the Committee's request is set for May 24,
2016.  Objections to the request must be filed by May 17.

The Committee requires Fox Rothschild to:

   a. assist, advise and represent the Committee with respect to
      the administration of this case and the exercise of
      oversight with respect to the Debtor's affairs, including
      all issues arising from or impacting the Debtor, the
      Committee, or this chapter 11 case;

   b. provide all necessary legal advice with respect to the
      Committee's powers and duties;

   c. assist the Committee in maximizing the value of the
      Debtor's assets for the benefit of all creditors;

   d. participate in the formulation of and negotiation of a plan
      of reorganization and/or liquidation and approval of an
      associated disclosure statement;

   e. although the business is not operational, the Committee
      will investigate the acts, conduct, assets, liabilities,
      and financial condition of the Debtors, the operation of
      the Debtor's business and any other matter relevant to the
      chapter 11 case or to the formulation of a plan;

   f. commence and prosecute any and all necessary and
      appropriate actions and/or proceedings on behalf of the
      Committee that may be relevant to this case;

   g. prepare on behalf of the Committee all necessary
      applications, motions, answers, orders, reports and other
      legal papers;

   h. communicate with the Committee's constituents and others as
      the Committee may consider desirable in furtherance of its
      responsibilities;

   i. appear in Bankruptcy Court and protect the interest of
      the Committee; and

   j. perform all other legal services for the Committee which
      may be appropriate, necessary and proper in this chapter 11
      case.

Fox Rothschild will be paid at these hourly rates:

     Paul J. Labov                     $585.00 per hour
     Jason C. Manfrey                  $340.00 per hour
     Joseph DiStanislao (Paralegal)    $335.00 per hour

Fox Rothschild will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Paul J. Labov, Esq., of Fox Rothschild 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.

Fox Rothschild can be reached at:

     Paul J. Labov, Esq.
     FOX ROTHSCHILD LLP
     100 Park Avenue, Suite 1500
     New York, NY 10017
     Tel: (212) 878-7980
     Fax: (212) 692-0940
     E-mail: plabov@foxrothschild.com

                 About Windsor Financial Group

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.


WS STORES: Case Summary & 20 Largest Unsecured Creditors
--------------------------------------------------------
Debtor: WS Stores, Corp
        167 Camino De Las Pomarrosas
        URB. Sabanera
        Cidra, PR 00739-9464

Case No.: 16-03471

Chapter 11 Petition Date: April 29, 2016

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

Judge: Hon. Enrique S. Lamoutte Inclan

Debtor's Counsel: Teresa M Lube Capo, Esq.
                  LUBE & SOTO LAW OFFICES PSC
                  1130 Ave FD Roosevelt
                  San Juan, PR 00920-2906
                  Tel: 787-722-0909
                  Fax: 787-977-1709
                  E-mail: lubeysoto@gmail.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Jose W. Flores Santos, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/prb16-03471.pdf


XEROX CORP: Egan-Jones Cuts FC Sr. Unsecured Rating to BB
---------------------------------------------------------
Egan-Jones Ratings Company downgraded the foreign currency senior
unsecured rating on debt issued by Xerox Corporation to BB from BB+
on May 29, 2016.

Xerox Corporation offers business process and IT outsourcing
support, document technology and solutions. The Company offers
global services from claims reimbursement and electronic toll
transactions to the management of HR benefits and customer care
centers to the operation of a company's technology infrastructure.



YRC WORLDWIDE: Reports $14.6 Million Comprehensive Loss for Q1
--------------------------------------------------------------
YRC Worldwide Inc. filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a
comprehensive loss attributable to the Company of $14.6 million on
$1.12 billion of operating revenue for the three months ended March
31, 2016, compared to a comprehensive loss attributable to the
Company of $22.2 million on $1.18 billion of operating revenue for
the three months ended March 31, 2015.

As of March 31, 2016, YRC Worldwide had $1.86 billion in total
assets, $2.25 billion in total liabilities and a shareholders'
deficit of $392.7 million.

At March 31, 2016, the company had cash, cash equivalents and
Managed Accessibility under its ABL facility totaling $222.1
million.  For comparison, as of March 31, 2015, cash and cash
equivalents and Managed Accessibility totaled $175.6 million.

For the three months ended March 31, 2016, cash used in operating
activities was $11.1 million as compared to cash used in operating
activities of $25.8 million for the three months ended March 31,
2015, an improvement of $14.7 million.

"In the first quarter of 2016, our consolidated Adjusted EBITDA
improved by 7% compared to a year ago and improved 20% on an LTM
basis," said James Welch, chief executive officer at YRC Worldwide.
"These results were driven by consistent and improved customer
service, base rate increases, tightly managed costs and
productivity gains.  Additionally, our ongoing focus to improve
price, freight mix and profitability has contributed to higher
year-over-year revenue per hundredweight, excluding fuel surcharge,
for 8 consecutive quarters at YRC Freight and 20 consecutive
quarters at the Regional segment," stated Welch.

"While we have made significant strides, we must balance the volume
equation with our strategy to get the right freight at the right
price running through our networks," Welch continued.  "Our intent
is to remain disciplined and true to this strategy.  We believe
that reinvesting in our people, technology and equipment, combined
with projected capacity constraints from regulations and eventually
a stronger economic environment will bode well for us over the long
term. Despite near-term headwinds from decreasing fuel surcharge
revenue and an inconsistent industrial economy, we believe LTL
pricing remains rational.

"We take pride in partnering with our customers and their feedback
was the driving force behind the addition of YRC Freight's new
Accelerated service.  The company's existing dual speed network
made the addition of this service possible.  I'm extremely proud of
our employees for implementing this new offering while enhancing
our flexible supply chain solutions and most importantly, meeting
our customers' needs," concluded Welch.

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

                        http://is.gd/bWVSll

                        About YRC Worldwide

Headquartered in Overland Park, Kan., YRC Worldwide Inc. (NASDAQ:
YRCW) -- http://www.yrcw.com/-- is a holding company that offers
its customers a wide range of transportation services.  These
services include global, national and regional transportation as
well as logistics.

YRC Worldwide reported net income attributable to common
shareholders of $700,000 on $4.83 billion of operating revenue for
the year ended Dec. 31, 2015, compared to a net loss attributable
to common shareholders of $85.8 million on $5.06 billion of
operating revenue for the year ended Dec. 31, 2014.

                            *    *    *

As reported by the TCR on Feb. 18, 2014, Moody's Investors Service
had upgraded the Corporate Family Rating for YRC Worldwide from
'Caa3' to 'B3', following the successful closing of its refinancing
transactions.

In the Aug. 11, 2015, TCR report, Standard & Poor's Ratings
Services said that it has raised its corporate credit rating on
Overland, Kan.-based less-than-truckload (LTL) trucking company YRC
Worldwide to 'B-' from 'CCC+'.

"The upgrade reflects YRC's earnings growth and improved liquidity
position, along with our belief that gradual improvement in the
company's operating performance will result in credit measures that
are commensurate with the rating," said Standard & Poor's credit
analyst Michael Durand.


[*] Bankruptcy Management Solutions Explores Sale of Company
------------------------------------------------------------
Laura Cooper, writing for Dow Jones' Daily Bankruptcy Review,
reported that software provider Bankruptcy Management Solutions
Inc. retained Houlihan Lokey Inc. to explore a sale of the company,
said people familiar with the process.

According to the report, Bankruptcy Management Solutions, a Irvine,
Calif., company that does business as BMS, provides both chapter 7
bankruptcy and corporate restructuring software to the legal
community.

Based in Irvine, Calif., BMS has consistently been the Industry's
leading provider of bankruptcy case administration software and
services since 1987.  The Company's innovative end-to-end
technology platform software and disbursement solutions support
the administrative and legislative requirements of the majority of
Chapter 7 Panel trustees, as well as a variety of other bankruptcy
fiduciaries.  BMS products are instrumental in automating and
streamlining bankruptcy administration, making trustees and
bankruptcy fiduciaries more productive and profitable.


[*] Group Urges NJ Lawmakers to Bail Out Atlantic City Casinos
--------------------------------------------------------------
Jeannie O'Sullivan, writing for Bankruptcy Law360, reported that
the Casino Association of New Jersey renewed its push to save
Atlantic City's struggling gaming industry and overall finances,
urging lawmakers on April 29 to enact a legislative package, in one
of two competing forms, that calls for a state takeover and casino
tax deferral plan.  The statement of the 20,000-employee group
comes as New Jersey Senate President Stephen M. Sweeney and
Assembly Speaker Vincent Prieto continue to lock horns over their
differing visions for staving off insolvency for the resort town.


[*] March 2016 Bankruptcy Filings Down 8.5 Percent
--------------------------------------------------
Bankruptcy filings fell 8.5 percent for the 12-month period ending
March 31, 2016, compared with the year ending March 31, 2015,
according to statistics released by the Administrative Office of
the U.S. Courts.  The March 2016 annual bankruptcy filings totaled
833,515, compared with 911,086 cases in the year ending March
2015.

See http://goo.gl/qV4InP


[^] Large Companies with Insolvent Balance Sheet
------------------------------------------------
                                                 Total
                                                Share-      Total
                                    Total     Holders'    Working
                                   Assets       Equity    Capital
  Company         Ticker             ($MM)        ($MM)      ($MM)
  -------         ------           ------     --------    -------
ABSOLUTE SOFTWRE  ALSWF US          108.3        (42.6)     (41.9)
ABSOLUTE SOFTWRE  ABT CN            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         2,981.0       (503.0)     898.0
ADV MICRO DEVICE  AMD US          2,981.0       (503.0)     898.0
ADV MICRO DEVICE  AMDCHF EU       2,981.0       (503.0)     898.0
ADV MICRO DEVICE  AMD SW          2,981.0       (503.0)     898.0
ADV MICRO DEVICE  AMD QT          2,981.0       (503.0)     898.0
ADV MICRO DEVICE  AMD TE          2,981.0       (503.0)     898.0
ADV MICRO DEVICE  AMD GR          2,981.0       (503.0)     898.0
ADV MICRO DEVICE  AMD TH          2,981.0       (503.0)     898.0
ADVANCED EMISSIO  ADES US            60.8        (25.0)     (24.2)
ADVENT SOFTWARE   ADVS US           424.8        (50.1)    (110.8)
AEROJET ROCKETDY  AJRD US         2,034.9       (145.5)     108.5
AEROJET ROCKETDY  GCY GR          2,034.9       (145.5)     108.5
AEROJET ROCKETDY  GCY TH          2,034.9       (145.5)     108.5
AK STEEL HLDG     AKS US          3,987.3       (611.6)     750.7
AK STEEL HLDG     AKS* MM         3,987.3       (611.6)     750.7
AK STEEL HLDG     AK2 TH          3,987.3       (611.6)     750.7
AK STEEL HLDG     AK2 GR          3,987.3       (611.6)     750.7
AMER RESTAUR-LP   ICTPU US           33.5         (4.0)      (6.2)
AMYLIN PHARMACEU  AMLN US         1,998.7        (42.4)     263.0
ANGIE'S LIST INC  ANGI US           182.4         (3.5)     (27.8)
ANGIE'S LIST INC  8AL GR            182.4         (3.5)     (27.8)
ARCH COAL INC     ACIIQ* MM       5,106.7     (1,244.3)  (4,361.0)
ARGOS THERAPEUTI  ARGS US            31.1        (28.2)       0.7
ARIAD PHARM       APS GR            546.7       (103.1)     142.9
ARIAD PHARM       APS TH            546.7       (103.1)     142.9
ARIAD PHARM       ARIA SW           546.7       (103.1)     142.9
ARIAD PHARM       ARIAEUR EU        546.7       (103.1)     142.9
ARIAD PHARM       ARIA US           546.7       (103.1)     142.9
ARIAD PHARM       ARIACHF EU        546.7       (103.1)     142.9
ARIAD PHARM       APS QT            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      AZO US          8,366.4     (1,741.3)    (784.8)
AUTOZONE INC      AZ5 QT          8,366.4     (1,741.3)    (784.8)
AUTOZONE INC      AZ5 TH          8,366.4     (1,741.3)    (784.8)
AUTOZONE INC      AZOEUR EU       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 US          3,879.5     (1,056.4)     146.0
AVON PRODUCTS     AVP* MM         3,879.5     (1,056.4)     146.0
AVON PRODUCTS     AVP CI          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 QT          3,879.5     (1,056.4)     146.0
BARRACUDA NETWOR  7BM GR            429.9        (30.5)     (27.7)
BARRACUDA NETWOR  CUDAEUR EU        429.9        (30.5)     (27.7)
BARRACUDA NETWOR  CUDA US           429.9        (30.5)     (27.7)
BENEFITFOCUS INC  BNFT US           182.1        (18.0)      18.4
BENEFITFOCUS INC  BTF GR            182.1        (18.0)      18.4
BERRY PLASTICS G  BERY US         7,710.0        (67.0)     646.0
BERRY PLASTICS G  BP0 GR          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       23,667.0     (3,442.0)   1,342.0
BOMBARDIER-B OLD  BBDYB BB       23,667.0     (3,442.0)   1,342.0
BOMBARDIER-B W/I  BBD/W CN       23,667.0     (3,442.0)   1,342.0
BRINKER INTL      BKJ GR          1,489.2       (243.7)    (225.6)
BRINKER INTL      EAT US          1,489.2       (243.7)    (225.6)
BRP INC/CA-SUB V  BRPIF US        2,445.2        (14.1)     363.3
BRP INC/CA-SUB V  DOO CN          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  CVY TH          6,867.3     (4,911.6)    (313.1)
CABLEVISION SY-A  CVC US          6,867.3     (4,911.6)    (313.1)
CABLEVISION SY-A  CVCEUR EU       6,867.3     (4,911.6)    (313.1)
CABLEVISION SY-A  CVY GR          6,867.3     (4,911.6)    (313.1)
CABLEVISION-W/I   CVC-W US        6,867.3     (4,911.6)    (313.1)
CABLEVISION-W/I   8441293Q US     6,867.3     (4,911.6)    (313.1)
CAMBIUM LEARNING  ABCD US           141.4        (74.2)     (54.9)
CASELLA WASTE     CWST US           649.9        (21.6)      (8.7)
CASELLA WASTE     WA3 GR            649.9        (21.6)      (8.7)
CEB INC           FC9 GR          1,295.2        (23.3)    (198.0)
CEB INC           CEB US          1,295.2        (23.3)    (198.0)
CENTENNIAL COMM   CYCL US         1,480.9       (925.9)     (52.1)
CHARTER COM-A     CHTR US        40,524.0       (219.0)    (313.0)
CHARTER COM-A     CKZA GR        40,524.0       (219.0)    (313.0)
CHARTER COM-A     CKZA TH        40,524.0       (219.0)    (313.0)
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  CVA TH          1,886.3     (1,696.7)     352.2
CLIFFS NATURAL R  CLF2EUR EU      1,886.3     (1,696.7)     352.2
CLIFFS NATURAL R  CVA QT          1,886.3     (1,696.7)     352.2
CLIFFS NATURAL R  CLF* MM         1,886.3     (1,696.7)     352.2
CLIFFS NATURAL R  CLF US          1,886.3     (1,696.7)     352.2
CLIFFS NATURAL R  CVA GR          1,886.3     (1,696.7)     352.2
COGENT COMMUNICA  CCOI US           662.8        (12.3)     182.4
COGENT COMMUNICA  OGM1 GR           662.8        (12.3)     182.4
COHERUS BIOSCIEN  CHRS US           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  8C5 TH            212.4         (6.9)      91.4
COLGATE-BDR       COLG34 BZ      12,448.0        (73.0)      27.0
COLGATE-PALMOLIV  CL US          12,448.0        (73.0)      27.0
COLGATE-PALMOLIV  CLCHF EU       12,448.0        (73.0)      27.0
COLGATE-PALMOLIV  CPA QT         12,448.0        (73.0)      27.0
COLGATE-PALMOLIV  CL SW          12,448.0        (73.0)      27.0
COLGATE-PALMOLIV  CLEUR EU       12,448.0        (73.0)      27.0
COLGATE-PALMOLIV  CPA TH         12,448.0        (73.0)      27.0
COLGATE-PALMOLIV  CL* MM         12,448.0        (73.0)      27.0
COLGATE-PALMOLIV  CPA GR         12,448.0        (73.0)      27.0
COMMUNICATION     8XC GR          2,542.6     (1,166.9)       -
COMMUNICATION     CSAL US         2,542.6     (1,166.9)       -
CPI CARD GROUP I  CPB GR            280.4        (86.6)      59.0
CPI CARD GROUP I  PMTS US           280.4        (86.6)      59.0
CPI CARD GROUP I  PNT CN            280.4        (86.6)      59.0
CYAN INC          YCN GR            112.1        (18.4)      56.9
CYAN INC          CYNI US           112.1        (18.4)      56.9
DELEK LOGISTICS   D6L GR            375.3        (11.0)      26.4
DELEK LOGISTICS   DKL US            375.3        (11.0)      26.4
DENNY'S CORP      DE8 GR            297.0        (60.6)     (65.1)
DENNY'S CORP      DENN US           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    EZV TH            820.8     (1,730.3)     292.8
DOMINO'S PIZZA    EZV GR            820.8     (1,730.3)     292.8
DOMINO'S PIZZA    DPZ US            820.8     (1,730.3)     292.8
DPL INC           DPL US          3,340.8        (62.2)    (453.8)
DUN & BRADSTREET  DNB US          2,273.6     (1,105.3)       0.4
DUN & BRADSTREET  DB5 GR          2,273.6     (1,105.3)       0.4
DUN & BRADSTREET  DB5 TH          2,273.6     (1,105.3)       0.4
DUN & BRADSTREET  DNB1EUR EU      2,273.6     (1,105.3)       0.4
DUNKIN' BRANDS G  2DB GR          3,093.9       (234.6)     117.3
DUNKIN' BRANDS G  2DB TH          3,093.9       (234.6)     117.3
DUNKIN' BRANDS G  DNKN US         3,093.9       (234.6)     117.3
DURATA THERAPEUT  DTA GR             82.1        (16.1)      11.7
DURATA THERAPEUT  DRTXEUR EU         82.1        (16.1)      11.7
DURATA THERAPEUT  DRTX US            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  ENR US          1,617.5        (32.5)     639.3
ENERGIZER HOLDIN  EGG GR          1,617.5        (32.5)     639.3
ENERGIZER HOLDIN  ENR-WEUR EU     1,617.5        (32.5)     639.3
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
FAIRMOUNT SANTRO  FM1 GR          1,369.0        (60.4)     274.0
FAIRMOUNT SANTRO  FMSAEUR EU      1,369.0        (60.4)     274.0
FAIRMOUNT SANTRO  FMSA US         1,369.0        (60.4)     274.0
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  FSLEUR EU       3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO  1FS TH          3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO  1FS QT          3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO  1FS GR          3,159.0     (3,079.0)   1,264.0
FREESCALE SEMICO  FSL US          3,159.0     (3,079.0)   1,264.0
GAMCO INVESTO-A   GBL US            104.0       (276.3)       -
GAMING AND LEISU  2GL GR          2,436.2       (258.8)     (98.7)
GAMING AND LEISU  GLPI US         2,436.2       (258.8)     (98.7)
GARDA WRLD -CL A  GW CN           1,982.6       (436.3)      69.1
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  GOD GR             15.0        (32.3)     (42.5)
GOLD RESERVE INC  GDRZF US           15.0        (32.3)     (42.5)
GOLD RESERVE INC  GRZ CN             15.0        (32.3)     (42.5)
GRAHAM PACKAGING  GRM US          2,947.5       (520.8)     298.5
GYMBOREE CORP/TH  GYMB US         1,156.7       (337.9)      29.4
H&R BLOCK INC     HRB US          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     HRBEUR EU       2,874.0       (536.7)     631.6
HCA HOLDINGS INC  HCA US         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  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
HECKMANN CORP-U   HEK/U US          531.3        (38.3)    (461.5)
HERBALIFE LTD     HLFEUR EU       2,477.9        (53.5)     541.9
HERBALIFE LTD     HOO GR          2,477.9        (53.5)     541.9
HERBALIFE LTD     HLF US          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* MM        25,517.0     (4,909.0)  (1,606.0)
HP INC            HPQ US         25,517.0     (4,909.0)  (1,606.0)
HP INC            7HP GR         25,517.0     (4,909.0)  (1,606.0)
HP INC            HPQ TE         25,517.0     (4,909.0)  (1,606.0)
HP INC            7HP TH         25,517.0     (4,909.0)  (1,606.0)
HP INC            HWP QT         25,517.0     (4,909.0)  (1,606.0)
HP INC            HPQ CI         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 SW         25,517.0     (4,909.0)  (1,606.0)
HUGHES TELEMATIC  HUTCU US          110.2       (101.6)    (113.8)
IDEXX LABS        IX1 TH          1,475.0        (84.0)     (35.1)
IDEXX LABS        IX1 GR          1,475.0        (84.0)     (35.1)
IDEXX LABS        IDXX US         1,475.0        (84.0)     (35.1)
IMMUNOGEN INC     IMU GR            222.3        (41.1)     182.5
IMMUNOGEN INC     IMU TH            222.3        (41.1)     182.5
IMMUNOGEN INC     IMGN US           222.3        (41.1)     182.5
IMMUNOMEDICS INC  IM3 TH             82.0        (31.9)      63.6
IMMUNOMEDICS INC  IM3 GR             82.0        (31.9)      63.6
IMMUNOMEDICS INC  IMMU US            82.0        (31.9)      63.6
INFOR US INC      LWSN US         6,778.1       (460.0)    (305.9)
INNOVIVA INC      HVE GR            387.8       (362.0)     187.0
INNOVIVA INC      INVA US           387.8       (362.0)     187.0
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       ISRLEUR EU        147.0         (2.9)      13.0
ISRAMCO INC       ISRL US           147.0         (2.9)      13.0
ISRAMCO INC       IRM GR            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   JACK US         1,273.0        (60.1)    (103.2)
JACK IN THE BOX   JBX GR          1,273.0        (60.1)    (103.2)
JACK IN THE BOX   JACK1EUR EU     1,273.0        (60.1)    (103.2)
JUST ENERGY GROU  1JE GR          1,274.3       (673.6)     (97.6)
JUST ENERGY GROU  JE CN           1,274.3       (673.6)     (97.6)
JUST ENERGY GROU  JE US           1,274.3       (673.6)     (97.6)
KEMPHARM INC      1GD GR             55.7        (10.1)      45.7
KEMPHARM INC      KMPH US            55.7        (10.1)      45.7
KOPPERS HOLDINGS  KOP US          1,125.4        (12.4)     163.8
KOPPERS HOLDINGS  KO9 GR          1,125.4        (12.4)     163.8
L BRANDS INC      LTD TH          8,493.0       (258.0)   2,281.0
L BRANDS INC      LBEUR EU        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 GR          8,493.0       (258.0)   2,281.0
L BRANDS INC      LTD QT          8,493.0       (258.0)   2,281.0
L BRANDS INC      LB* MM          8,493.0       (258.0)   2,281.0
LEAP WIRELESS     LEAP US         4,662.9       (125.1)     346.9
LEAP WIRELESS     LWI TH          4,662.9       (125.1)     346.9
LEAP WIRELESS     LWI GR          4,662.9       (125.1)     346.9
LEGACY RESERVES   LGCY US         1,625.9       (179.7)      48.4
LENNOX INTL INC   LXI GR          1,861.0        (73.3)     318.4
LENNOX INTL INC   LII US          1,861.0        (73.3)     318.4
LORILLARD INC     LO US           4,154.0     (2,134.0)   1,135.0
LORILLARD INC     LLV TH          4,154.0     (2,134.0)   1,135.0
LORILLARD INC     LLV GR          4,154.0     (2,134.0)   1,135.0
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   MAR US          6,121.0     (3,667.0)  (1,823.0)
MARRIOTT INTL-A   MAQ TH          6,121.0     (3,667.0)  (1,823.0)
MARRIOTT INTL-A   MAQ GR          6,121.0     (3,667.0)  (1,823.0)
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    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      MJN US          4,016.8       (592.4)   1,392.1
MEAD JOHNSON      0MJA GR         4,016.8       (592.4)   1,392.1
MEAD JOHNSON      0MJA TH         4,016.8       (592.4)   1,392.1
MEAD JOHNSON      MJNEUR EU       4,016.8       (592.4)   1,392.1
MEDLEY MANAGE-A   MDLY US           121.5        (17.7)      53.8
MERITOR INC       MTOR US         2,050.0       (653.0)     118.0
MERITOR INC       AID1 GR         2,050.0       (653.0)     118.0
MERRIMACK PHARMA  MP6 GR            234.9       (183.7)      97.6
MERRIMACK PHARMA  MACK US           234.9       (183.7)      97.6
MICHAELS COS INC  MIK US          2,023.3     (1,724.1)     594.9
MICHAELS COS INC  MIM GR          2,023.3     (1,724.1)     594.9
MIDSTATES PETROL  MPO1EUR EU        679.2     (1,326.1)  (1,838.8)
MONEYGRAM INTERN  MGI US          4,505.2       (222.8)     (19.0)
MOODY'S CORP      MCOEUR EU       5,114.9       (351.5)   1,933.4
MOODY'S CORP      DUT GR          5,114.9       (351.5)   1,933.4
MOODY'S CORP      MCO US          5,114.9       (351.5)   1,933.4
MOODY'S CORP      DUT TH          5,114.9       (351.5)   1,933.4
MOTOROLA SOLUTIO  MSI US          8,387.0        (96.0)   2,389.0
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  MTLA GR         8,387.0        (96.0)   2,389.0
MOTOROLA SOLUTIO  MOT TE          8,387.0        (96.0)   2,389.0
MPG OFFICE TRUST  1052394D US     1,280.0       (437.3)       -
MSG NETWORKS- A   1M4 GR            911.0     (1,213.9)     103.4
MSG NETWORKS- A   MSGN US           911.0     (1,213.9)     103.4
MSG NETWORKS- A   1M4 TH            911.0     (1,213.9)     103.4
NATHANS FAMOUS    NATH US            81.0        (65.2)      57.4
NATHANS FAMOUS    NFA GR             81.0        (65.2)      57.4
NATIONAL CINEMED  NCMI US         1,084.3       (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 TH          5,980.0     (5,190.0)     139.0
NAVISTAR INTL     IHR GR          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       OMER US            49.0        (26.2)      20.9
OMEROS CORP       OMEREUR EU         49.0        (26.2)      20.9
OMEROS CORP       3O8 GR             49.0        (26.2)      20.9
OMTHERA PHARMACE  OMTH US            18.3         (8.5)     (12.0)
PALM INC          PALM US         1,007.2         (6.2)     141.7
PBF LOGISTICS LP  11P GR            433.6       (180.7)      34.2
PBF LOGISTICS LP  PBFX US           433.6       (180.7)      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  PM US          34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  4I1 QT         34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  PM1 TE         34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  PMI SW         34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  PM1CHF EU      34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  PM1EUR EU      34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  4I1 GR         34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  PMI EB         34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  4I1 TH         34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  PMI1 IX        34,621.0    (10,894.0)   1,837.0
PHILIP MORRIS IN  PM FP          34,621.0    (10,894.0)   1,837.0
PLANET FITNESS-A  3PL GR            699.2         (1.1)       6.7
PLANET FITNESS-A  3PL TH            699.2         (1.1)       6.7
PLANET FITNESS-A  PLNT US           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)
QUALITY DISTRIBU  QLTY US           413.0        (22.9)     102.9
QUALITY DISTRIBU  QDZ GR            413.0        (22.9)     102.9
QUINTILES TRANSN  Q US            3,926.3       (335.7)     817.8
QUINTILES TRANSN  QTS GR          3,926.3       (335.7)     817.8
RAYONIER ADV      RYQ GR          1,288.5        (17.1)     196.3
RAYONIER ADV      RYAM US         1,288.5        (17.1)     196.3
REGAL ENTERTAI-A  RGC* MM         2,632.3       (877.6)    (113.1)
REGAL ENTERTAI-A  RGC US          2,632.3       (877.6)    (113.1)
REGAL ENTERTAI-A  RETA GR         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   7RY TH          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 GR          1,542.3       (456.2)     499.1
SANCHEZ ENERGY C  SN US           1,542.3       (456.2)     499.1
SANCHEZ ENERGY C  13S TH          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   SBACEUR EU      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   SBJ TH          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 TH         11,337.0     (1,956.0)     607.0
SEARS HOLDINGS    SEE GR         11,337.0     (1,956.0)     607.0
SEARS HOLDINGS    SEE QT         11,337.0     (1,956.0)     607.0
SEARS HOLDINGS    SHLD US        11,337.0     (1,956.0)     607.0
SECTOR 5 INC      SECT US             0.0         (0.0)      (0.0)
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         7,928.2       (563.9)  (1,942.3)
SIRIUS XM HOLDIN  RDO GR          7,928.2       (563.9)  (1,942.3)
SIRIUS XM HOLDIN  RDO TH          7,928.2       (563.9)  (1,942.3)
SONIC CORP        SO4 GR            606.7        (33.2)      15.5
SONIC CORP        SONC US           606.7        (33.2)      15.5
SONIC CORP        SONCEUR EU        606.7        (33.2)      15.5
SPORTSMAN'S WARE  06S GR            303.0         (2.1)     104.8
SPORTSMAN'S WARE  SPWH US           303.0         (2.1)     104.8
SUPERVALU INC     SJ1 GR          4,370.0       (433.0)      63.0
SUPERVALU INC     SVU US          4,370.0       (433.0)      63.0
SUPERVALU INC     SJ1 TH          4,370.0       (433.0)      63.0
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   WRMA GR         2,244.3       (100.1)     723.6
TAILORED BRANDS   TLRD US         2,244.3       (100.1)     723.6
TRANSDIGM GROUP   TDGCHF EU       8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP   TDGEUR EU       8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP   T7D GR          8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP   TDG US          8,330.0       (964.3)   1,204.3
TRANSDIGM GROUP   TDG SW          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       UIS1 SW         2,265.1     (1,354.3)     261.5
UNISYS CORP       UISCHF EU       2,265.1     (1,354.3)     261.5
UNISYS CORP       UIS US          2,265.1     (1,354.3)     261.5
UNISYS CORP       USY1 TH         2,265.1     (1,354.3)     261.5
UNISYS CORP       UISEUR EU       2,265.1     (1,354.3)     261.5
UNISYS CORP       USY1 GR         2,265.1     (1,354.3)     261.5
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      VRSN US         2,323.7     (1,108.0)     464.3
VERISIGN INC      VRS TH          2,323.7     (1,108.0)     464.3
VERISIGN INC      VRS GR          2,323.7     (1,108.0)     464.3
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   WTWEUR EU       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)
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      EWG GR            121.1         (9.7)       7.1
WINGSTOP INC      WING US           121.1         (9.7)       7.1
WINMARK CORP      GBZ GR             43.8        (27.3)      12.0
WINMARK CORP      WINA US            43.8        (27.3)      12.0
WORKHORSE GROUP   WKHS US            14.6         (3.8)      (7.5)
YRC WORLDWIDE IN  YRCWEUR EU      1,863.8       (392.7)     178.1
YRC WORLDWIDE IN  YEL1 GR         1,863.8       (392.7)     178.1
YRC WORLDWIDE IN  YEL1 QT         1,863.8       (392.7)     178.1
YRC WORLDWIDE IN  YEL1 TH         1,863.8       (392.7)     178.1
YRC WORLDWIDE IN  YRCW US         1,863.8       (392.7)     178.1


                            *********

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 ***