TCR_Public/160512.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Thursday, May 12, 2016, Vol. 20, No. 133

                            Headlines

207 AINSLIE: City of New York Wants Chapter 11 Case Dismissed
21ST CENTURY: Explains Financial Restatements to Investors
AEROPOSTALE INC: Common Stock Delisted from NYSE
AF-SOUTHEAST LLC: Chapter 11 Cases Jointly Administered
AHF-SILVERLEAF: Foreclosure Auction Set for May 18

ALBANY MOLECULAR: Moody's Affirms B3 CFR; Outlook Stable
ALLIED FINANCIAL: Wants to Sell Barrio Guayabal Property for $90K
AMERICAN HOSPICE: Appoint Patient Care Ombudsman Unnecessary
APRICUS BIOSCIENCES: Incurs $2.50 Million Net Loss in 1st Quarter
ARCH COAL: Panel Hires Kurtzman Carson as Information Agent

AS SEEN ON TV: Incurs $31.1 Million Net Loss in Q3 2014
BH SUTTON: Creditors' Panel Hires Westerman Ball as Counsel
BIND THERAPEUTICS: Hires Prime Clerk as Claims and Noticing Agent
BION ENVIRONMENTAL: Incurs $719,000 Net Loss in Third Quarter
BLUFF CREEK: Seeks Authority to Use NEWAMCO Cash Collateral

BRAND ENERGY: Moody's Lowers CFR to B3 Amid Oil Market Downturn
BTCS INC: Court Appoints Temporary Liquidator for Spondoolies
BUCKSPORT GENERATION: Employs Bernstein Shur as Counsel
BUCKSPORT GENERATION: Files Schedules of Assets & Liabilities
CANAL ASPHALT: Ford Objects to Confirmation of Plan

CANAL ASPHALT: Peckham Declared as Successful Bidder
CANYON PORTAL: Can Access $85,000 Barrett DIP Financing
CHAPARRAL ENERGY: Meeting to Form Creditors' Panel Set for May 18
CHINA SHIANYUN: Suspending Filing of Reports with SEC
CLASSIC COMMUNITIES: Case Summary & 20 Top Unsecured Creditors

CLEVELAND BIOLABS: Signs Separation Agreement with CFO
COMBIMATRIX CORP: Acuta Capital Reports 5.6% Equity Stake
COMDISCO HOLDING: Reports Fiscal 2nd Qtr. 2016 Financial Results
CUI GLOBAL: Incurs $2.66 Million Net Loss in First Quarter
DEB STORES: Time to Remove Actions Extended to Aug. 19

DEJA VU RESTAURANTS: U.S. Trustee Unable to Appoint Committee
DRAFT CONTRACTING: U.S. Trustee Unable to Appoint Committee
E.H. MITCHELL: Accused of Absolute Priority Rule Violation
ECOSPHERE TECHNOLOGIES: Dean Becker Resigns as Director
ECOSPHERE TECHNOLOGIES: Obtains $429,000 Loan from Brisben Water

EMC ACQUISITIONS: Moody's B2 CFR Under Review Amid Buyout
EVANS & SUTHERLAND: Posts $236,000 Net Income for First Quarter
FIDELITY & GUARANTY: Fitch Assigns 'BB' LT Issuer Default Ratings
FINJAN HOLDINGS: Incurs $1.16 Million Net Loss in First Quarter
FIRST DATA: Egan-Jones Hikes FC Sr. Unsecured Rating to B

FORESIGHT ENERGY: Amends Transaction Support Pact with Lenders
FORESIGHT ENERGY: Extends Forbearance Agreement Until May 17
FOREST PARK FORT WORTH: Court OKs Cash Collateral Use Up To May 15
FPMC FORT WORTH: Court Approves May 12 Auction for Assets
GOODYEAR TIRE: Fitch Assigns 'BB/RR4' Rating to Notes Due 2026

H. KREVIT: Court OKs Continued DIP Financing from ACM
HONEY BEE USA: Arranges $21.5-Mil. DIP Financing from Avatar
HUTCHESON MEDICAL: Court Grants Regions Bank Limited Stay Relief
HUTCHESON MEDICAL: DIP Facility Commitment Increased by $1-Mil.
ICON HEALTH: Moody's Confirms B3 CFR; Outlook Negative

IDERA PHARMACEUTICALS: Incurs $12.8 Million Net Loss in Q1
INMOBILIARIA BAFCO: Granted Approval to Use Cash Collateral
LATTICE INC: Settles Arbitration Case with GTL
LUCA INTERNATIONAL: Can Employ David Hardy as Accountant
LUPATECH SA: Chapter 15 Cases are Jointly Administered

MADDOX FOUNDRY: U.S. Trustee Unable to Appoint Committee
METROPOLITAN AUTOMOTIVE: BOTW Wants Lien Priority Determined
MGM RESORTS: Fitch Hikes Issuer Default Rating to 'BB'
MIDSTATES PETROLEUM: Hires KCC as Claims & Solicitation Agent
MIDWAY GOLD: Sure Steel Replies to Motion to Sell Remaining Assets

MOBILESMITH INC: Incurs $2.11 Million Net Loss in First Quarter
MORGANS HOTEL: Reports First Quarter 2016 Results
MOUNTAIN PROVINCE: Updates Gahcho Kue Diamond Mine Development
NAVIOS MARITIME: Moody's Cuts Outlook to Negative on Default Risk
NEW GOLD LLC: Case Summary & 10 Unsecured Creditors

NOVABAY PHARAMCEUTICALS: Stockholders Elect 3 Directors
NOVABAY PHARMACEUTICALS: Appoints Todd Zavodnick to Board
NRG ENERGY: S&P Assigns 'BB-' Rating on Proposed $700MM Sr. Notes
OAKWELL DISTRIBUTION: Case Summary & 4 Unsecured Creditors
PACIFIC EXPLORATION: In CCAA Protection, PwC Named as Monitor

PERFORMANCE FOOD: Moody's Assigns B2 Rating on $350MM Sr. Notes
PERFORMANCE FOOD: S&P Raises CCR to 'BB-'; Outlook Stable
PILOT TRAVEL: Moody's Assigns Ba2 Rating on $1.3BB Sr. Loan
PIONEER HEALTH: Appoint of Patient Care Ombudsman Waived
PIONEER HEALTH: U.S. Trustee to Appoint Patient Care Ombudsman

PLY GEM HOLDINGS: Incurs $27.6 Million Net Loss in First Quarter
POSITIVEID CORP: Obtains $350,000 Financing from California Bank
POSITRON CORP: Files Motion to Approve Structured Dismissal
PRIMORSK INTERNATIONAL: Seek Approval of Bidding Procedures
QUANTUM FUEL: Can Employ Mackinac Partners as Crisis Manager

QUEST SOLUTION: Inks Omnibus Amendment to Sale and Security Pacts
QUICKSILVER RESOURCES: Creditors Want $173-Mil. Claims Allowed
QUICKSILVER RESOURCES: Want to Continue Using Cash Collateral
REPUBLIC AIRWAYS: Committee Hires Skyworks as Financial Advisor
RIO MOBILE: Case Summary & 5 Unsecured Creditors

RUFFING CARE: Long-Term Care Ombudsman Satisfied With Closure
SABINE OIL: Court Denies Creditors' Motion for Stay Pending Appeal
SEMINARY WOODS: Bid for Real Property Due May 22
SFX ENTERTAINMENT: Bar Date for Filing Proofs of Claim Set
SFX ENTERTAINMENT: Can Employ E&Y as Tax Advisor

SFX ENTERTAINMENT: Can Implement Key Employee Retention Plan
SFX ENTERTAINMENT: Files Schedules of Assets and Liabilities
SFX ENTERTAINMENT: Seeks to Extend Removal Deadline to July 29
SFX ENTERTAINMENT: US Trustee Appoints Consumer Privacy Ombudsman
SH 130 CONCESSION: Seeks Nod to Hire Jackson Walker

SPINNERET ACQUISITIONS: U.S. Trustee Forms 3-Member Committee
STEREOTAXIS INC: Reports 2016 First Quarter Financial Results
SUNDEDISON, INC: Court Grants Interim Approval of DIP Financing
SUNEDISON INC: Creditors Committee Taps Weil Gotshal for Advice
TESORO LOGISTICS: Moody's Assigns Ba3 Rating on $600MM Sr. Notes

TESORO LOGISTICS: S&P Assigns 'BB' Rating on Proposed $350MM Notes
TIMBERVIEW VETERINARY: Seeks to Hire Brown Schultz as Accountant
TRACK GROUP: Incurs $1.92 Million Net Loss in Second Quarter
TRILOGY INTERNATIONAL: S&P Raises CCR to 'B-' After Refinancing
TRISTREAM EAST: 341 Meeting of Creditors Set for May 17

TRUVEN HEALTH: S&P Raises CCR to 'BB' After IBM Deal
VALEANT PHARMACEUTICALS: Expects to File Form 10-Q by June 10
VIKING CRUISES: Moody's Lowers CFR to B2, Sees Earnings Drop
VISUALANT INC: May Issue 93,333 Shares Under Incentive Plan
WASHINGTON PROPERTIES: Chapter 11 Case Jointly Administered

WASHINGTON PROPERTIES: Sec. 341 Meeting of Creditors on June 9
WEATHERFORD INT'L: Fitch Cuts Issuer Default Ratings to 'B+'
WESTMORELAND COAL: Amends Credit Facility with PrivateBank
WHITE STAR: Moody's Affirms Caa2 CFR After Distressed Exchange
WRIGHTWOOD GUEST: Seeks to Set Procedures in Sale of Property

[*] BDO Appoints Bob Broxson as Dispute Advisory Services Director
[*] LeClairRyan Expands Bankruptcy & Creditors' Rights Practice
[^] Recent Small-Dollar & Individual Chapter 11 Filings

                            *********

207 AINSLIE: City of New York Wants Chapter 11 Case Dismissed
-------------------------------------------------------------
The City of New York asks the U.S. Bankruptcy Court for the Eastern
District of New York to dismiss 207 Ainslie, LLC's Chapter 11 case,
or in the alternative, relief from the automatic stay to allow the
City to proceed with litigation against the Debtor with respect to
property located at 207-217 Ainslie Street, Brooklyn, New York.

"The Debtor's petition should be dismissed as a bad faith filing.
The Debtor is merely forum shopping in what is in essence a
two-party dispute regarding the City's option to purchase real
property at 207-217 Ainslie Street, Brooklyn, New York ("Property")
from its proper owner, Ainslie Street LLC ("Owner").  The alleged
sale of the Property to the Debtor violated the City's right of
first refusal under its lease with the Owner.  The Debtor filed its
bankruptcy petition on the eve of final oral argument in State
Court litigation between the parties for a determination of the
City's motion for summary judgment for a declaration that (i) the
City has a right to exercise an option to buy the Property and (ii)
upon tender of the exercise price the alleged deed to the Debtor is
null and void and of no legal effect," the City of New York avers.

The City of New York contends that it was party to a lease with the
Owner over the Property, and had been party to leases with prior
owners dating back to 1971.  It further contends that Conselyea
Street Block Association, Inc., has operated a senior center and
child day care center at the Property under separate arrangements
with the City of New York for over 40 years.

The City of New York's lease contained a right of first refusal to
purchase the Property, which required the Owner to notify the City
of any bona fide offer to purchase the Property that the Owner
wished to accept, and gave the City 90 days from receiving that
notice to decide whether to purchase the Property on those same
terms.  The City of New York alleges that the Owner entered into a
contract of sale to sell the Property for $4.5 million in March
2013, and failed to notify it as required under the lease.

The City of New York tells the Court that it was in negotiations
with Conselyea and the Debtor to settle the State Court litigation
up until the time of the Debtor's bankruptcy filing.  It further
tells the Court that at a settlement meeting, Conselyea offered to
purchase the Property, with partial City funding for $8,000,000.
The City of New York avers that the Debtor said that it needed a
day to respond to the offer, and then requested another day.  It
further avers that rather than respond to the offer, the Debtor
filed its bankruptcy petition.

"Conselyea's offer would provide the Debtor with more than enough
to pay its creditors in full.  The bankruptcy filing clearly is a
sharp litigation tactic taken in response to a good faith, and
substantial, offer, and an apparent effort to forum shop and/or to
extract even more money to resolve what is essentially a two-party
dispute.  Therefore, the case should be dismissed as a bad faith
filing under clear precedent.  Alternatively, stay relief should be
granted to allow the State Court proceedings to continue and allow
the State Court to rule on the Summary Judgment Motion, and if
denied to proceed to trial and final judgment," the City of New
York contends.

The City of New York is represented by:

          Hugh H. Shull III, Esq.
          NEW YORK CITY LAW DEPT.
          100 Church Street, Rm 5-233
          New York, NY 10007
          Telephone: (212)356-2138
          E-mail: hshull@law.nyc.gov


21ST CENTURY: Explains Financial Restatements to Investors
----------------------------------------------------------
21st Century Oncology Holdings, Inc., hosted a conference call with
investors on May 9, 2016, to discuss the previously disclosed
restatement of certain of the Company's financial statements.  A
copy of the key discussion points that were used during the
conference call is available for free at https://is.gd/sSwja0

The Company reiterates that it expects to report:

   * Pro Forma Adjusted EBITDA of between $155 million and $170
     million for the year ended December 31, 2015.

   * Cash capital expenditures for the same period are expected to

     be approximately $40 million.

   * Full year 2015 domestic same market closed case growth is
     expected to be 2.8% and full year 2015 domestic same market
     revenue per closed case is expected to increase 0.5%, each as

     compared to 2014.

In addition, the Company expects to report:

   * Fourth quarter 2015 domestic same market closed case growth
     is expected to be 1.5% and domestic same market revenue per
     closed case is expected to increase 0.3%, each as compared to

     the same period in 2014.

   * First quarter 2016 domestic same market closed case growth is

     expected to be 11.6% and domestic same market revenue per
     closed case is expected to decrease by 8.9%, each as compared

     to the same period in 2015.

"Completing the restatement remains a top priority for the Company.
Management will continue to work with its advisors and the
Company's independent registered certified public accounting firms
to move forward as expeditiously as possible.  The Company is
making every effort and intends to deliver to its auditors within
the next two weeks all information that its auditors have requested
to date in connection with the restatement," the Company said.

                        About 21st Century

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

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

                            *     *     *

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

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


AEROPOSTALE INC: Common Stock Delisted from NYSE
------------------------------------------------
The New York Stock Exchange LLC filed a Form 25 with the Securities
and Exchange Commission notifying the removal from listing or
registration of Aeropostale Inc.'s common stock under the
Exchange.

                       About Aeropostale, Inc.

Aeropostale, Inc. is a specialty retailer of casual apparel and
accessories, principally serving young women and men through its
Aeropostale(R) and Aeropostale Factory(TM) stores and website and 4
to 12 year-olds through its P.S. from Aeropostale stores and
website.  The Company provides customers with a focused selection
of high quality fashion and fashion basic merchandise at compelling
values in an exciting and customer friendly store environment.
Aeropostale maintains control over its proprietary brands by
designing, sourcing, marketing and selling all of its own
merchandise.  As of May 1, 2016 the Company operated 739
Aeropostale(R) stores in 50 states and Puerto Rico, 41 Aeropostale
stores in Canada and 25 P.S. from Aeropostale(R) stores in 12
states.  In addition, pursuant to various licensing agreements, the
Company's licensees currently operate 322 Aeropostale(R) and P.S.
from Aeropostale(R) locations in the Middle East, Asia, Europe, and
Latin America.  Since November 2012, Aeropostale, Inc. has operated
GoJane.com, an online women's fashion footwear and apparel
retailer.

Aeropostale, Inc. and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schuback as senior vice president, general counsel and
secretary.

The Debtors listed total assets of $354.38 million and total debts
of $390.02 million as of Jan. 30, 2016.

The Debtors have hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc. as restructuring advisor; Stifel, Nicolaus &
Company, Inc. and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors;
Prime Clerk LLC as claims and noticing agent; Stikeman Elliot LLP
as Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.


AF-SOUTHEAST LLC: Chapter 11 Cases Jointly Administered
-------------------------------------------------------
U.S. Bankruptcy Judge Kevin Gross has ordered the joint
administration of the Chapter 11 cases of AF-Southeast, LLC,
AF-Southeast, LLC, Allied Fiber-Florida, LLC, and Allied
Fiber-Georgia, LLC, under the case of AF-Southeast, LLC, Case No.
16-11008.

                     About AF-Southeast LLC

AF-Southeast, LLC, Allied Fiber-Florida, LLC and Allied
Fiber-Georgia, LLC are engaged in the business of designing,
constructing and operating an open access, physical layer,
network-neutral co-location and dark fiber network.

Each of the Debtors filed a Chapter 11 bankruptcy petition (Bankr.
D. Del. Case Nos. 16-11008, 16-11009 and 16-11010, respectively) on
April 20, 2016.  The petitions were signed by Scott Drake as sole
member.

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

FOX Rothschild LLP represents the Debtors as counsel.  PMCM, LLC is
the Debtors' chief restructuring officer provider.

Judge Kevin Gross is assigned to the cases.


AHF-SILVERLEAF: Foreclosure Auction Set for May 18
--------------------------------------------------
A foreclosure auction of 100% of the membership interests of
AHF-Silverleaf LLC -- owner of a 176-unit apartment project at 8515
John T. White Road, Forth Worth, Texas (also known as Silverleaf
Villas) -- is set for May 18, 2016, at 11:00 a.m. CDT at the
offices of Kelly Hart & Hallman, 201 Main Street, Suite 2400, Forth
Worth, Texas.

For information on the auction, contact:

   Richard Myers
   Realty Capital Management LLC
   Email: Myers@RealtyCapital.com
   Tel: 469-533-4180


ALBANY MOLECULAR: Moody's Affirms B3 CFR; Outlook Stable
--------------------------------------------------------
Moody's Investors Service affirmed Albany Molecular Research Inc.'s
(AMRI) ratings, including its B3 Corporate Family Rating, B3-PD
Probability of Default Rating and the B1 rating on the company's
senior secured credit facilities.  Moody's also affirmed AMRI's
Speculative Grade Liquidity Rating of SGL-3.  The rating outlook is
stable.

These actions follow AMRI's announcement to acquire Prime European
Therapeuticals S.p.A. (Euticals), an Italian contract manufacturer
of active pharmaceutical ingredients (API) for $358 million.
Moody's understands that AMRI will use $230 million of proceeds
from a proposed incremental senior secured term loan along with
$110 million of equity to fund the acquisition of Euticals.  The
transaction is expected to close in the third quarter of 2016.
"Despite the considerable equity funding, this is a leveraging
transaction that will diminish AMRI's cushion at the B3 rating
level to absorb negative events or disruptions to the integration
process," said Jonathan Kanarek, Moody's V.P., Senior Analyst.
Moody's estimates that AMRI's financial leverage would have been
5.6x (with synergies) or 6.2x (without any synergies), up from 4.8x
pro forma for recent acquisitions as of Dec. 31, 2015.

The affirmation of AMRI's B3 CFR reflects Moody's expectation that
if the transaction closes as contemplated, the Euticals acquisition
will add significant scale, capability, and geographic
diversification to the company's business.  Financial leverage will
meaningfully increase in order for AMRI to complete its largest
acquisition to-date.  However, Moody's expects debt to EBITDA to
remain below the rating agency's previously communicated trigger
for a rating downgrade.

The affirmation of AMRI's SGL-3 Speculative Grade Liquidity Rating
reflects Moody's expectation that the company will maintain
adequate liquidity.  Moody's anticipates that AMRI will repay
amounts outstanding on its revolver with proceeds from the
incremental term loan.

These ratings were affirmed:

  Corporate Family Rating at B3
  Probability of Default Rating at B3-PD
  Senior secured first lien credit facilities at B1 (LGD2)
  Speculative Grade Liquidity Rating at SGL-3
The rating outlook is stable.

RATING RATIONALE

AMRI's B3 CFR reflects its small size and thin contract
manufacturing EBITDA margins (excluding royalty income) compared to
larger contract research and manufacturing organizations.  The
rating also reflects AMRI's narrow focus on specialty active
pharmaceutical ingredients (API) development and contract
manufacturing.  The rating also incorporates Moody's expectation
that the company will operate with high financial leverage and weak
cash flow.  The company's earnings and cash flow are volatile due
to fluctuating volumes and a high fixed cost structure, ongoing
integration and restructuring costs related to an aggressive
acquisition strategy and the capital intensity of the business.
The rating further reflects execution risks associated with the
company's roll-up strategy through debt-financed acquisitions.

The company's focus on complex API and finished products partially
mitigates its small scale and customer concentration risk.  The
rating is further supported by good production capabilities and
product offerings that have benefitted from recent acquisitions.
The rating also reflects Moody's expectation that the demand for
contract manufacturing services will grow in the long term.

The stable rating outlook reflects Moody's expectation that the
company will continue to grow its contract manufacturing revenue
and earnings and offset declining royalty income over the next two
years.  The outlook also assumes AMRI will maintain adequate
liquidity to buffer earnings and cash flow volatility and focus on
reducing leveraging.

The rating could be upgraded if AMRI is able to substantially
improve its margins and demonstrate earnings stability while
generating sustainable positive free cash flow.  In addition,
Moody's could consider a rating upgrade if the company increases
scale and sustains debt/EBITDA below 5.0x.

The rating could be downgraded if debt/EBITDA is sustained above
6.5x or if free cash flow turns negative.  A deterioration in
liquidity, including an increased probability that the company will
have to cash fund the conversion of its outstanding convertible
notes, could also result in a rating downward.

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

Albany Molecular Research Inc. (NASDAQ: AMRI) is a global contract
research and manufacturing organization providing customers drug
discovery, development and manufacturing services.  The company
generated approximately $402 million of revenue in the twelve
months ended Dec. 31, 2015.  The company's proposed acquisition of
Euticals will increase revenue by around $245 million.



ALLIED FINANCIAL: Wants to Sell Barrio Guayabal Property for $90K
-----------------------------------------------------------------
Allied Financial, Inc., asks the U.S. Bankruptcy Court for the
District of Puerto Rico for authorization to sell property free and
clear of all liens, claims, interest and encumbrances.

The Debtor seeks to sell its property, located at Barrio Guayabal,
Sector Lajitas Road P.R. -- 550 Juana Diaz, Puerto Rico, consisting
of approximately 36,121.514 square meters, and with a value of
$75,000.

The Debtor relates that it listed Oriental Bank with a secured
claim over the property in the amount of $72,593 and also listed a
secured claim in favor of Centro de Recaudacion de Ingresos
Municipales de Puerto Rico ("CRIM") in the amount of $905.44.

The Debtor tells the Court that as part of its ongoing
negotiations, it has found a potential buyer for the property
("Purchaser") for the amount of $90,000 that is $15,000 over the
scheduled value of the property.  Although there is no recent
appraisal of the property, the Debtor submits that it is selling
the property above the listed value and, as such, in benefit of the
estate and all parties in interest.

The Debtor notes that as part of the agreement, the Purchaser will
cover all the expenses related to the closing of the sale and the
transfer of the property.  The Debtor contends that there are no
maintenance fees or Homeowners Association dues in relation to the
property.

The Debtor avers that it needs to consummate the transfer on an
expedited basis due to the fact that pursuant to the current market
conditions in the Juana Diaz area and the current conditions of the
property to obtain another qualified and interested purchaser for
the property, will not be viable in a short period of time.

Allied Financial, Inc., is represented by:

          Carmen D. Conde Torres, Esq.
          C. CONDE & ASSOC.
          254 San Jose Street, 5th Floor
          Old San Juan, PR 00901
          Telephone: (787)729-2900
          Facsimile: (787)729-2900
          E-mail: condecarmen@condelaw.com

                      About Allied Financial

Allied Financial, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 16-00180) on Jan. 15, 2016.  The petition
was signed by Rafael Portela, president of the Board of Directors.
The Debtor disclosed total assets of $10.3 million and total debts
of $9.14 million.  C. Conde & Assoc. represents the Debtor as
counsel.  Mildred Caban Flores has been assigned the case.


AMERICAN HOSPICE: Appoint Patient Care Ombudsman Unnecessary
------------------------------------------------------------
U.S. Bankruptcy Judge Laurie Selber Silverstein has found that the
appointment of a patient care ombudsman is unnecessary in the
Chapter 11 cases of American Hospice Management Holdings, LLC.

                 About American Hospice Management

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  American Hospice currently
provides hospice care in the following six markets: (i) Phoenix,
Arizona; (ii) Houston, Texas; (iii) Oklahoma City, Oklahoma; (iv)
Atlanta, Georgia; (v) Richmond and Central Virginia; and (vi) New
Jersey.  The Company employs 365 people.

American Hospice and 10 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 16-10670) on
March 20, 2016.  Scott Mahosky, the CEO, signed the petition.  The
Debtors estimated assets in the range of $10 million to $50 million
and liabilities of up to $50 million.

The Debtors have hired Denton US LLP as counsel, Pachulski Stang
Ziehl & Jones LLP as co-counsel, Harris Williams & Co. as
investment banker, and Kurtzman Carson Consultants, LLC as notice
and claims agent.

Each of the Debtors is owned 100% by American Hospice Management
Holdings, LLC which is a Delaware limited liability company.  The
majority owner of American Hospice Management Holdings, LLC is
American Hospice Holdings Corporation, a Delaware corporation.
American Hospice Holdings Corporation is wholly owned by 2000
Riverside Capital Appreciation Fund, L.P.


APRICUS BIOSCIENCES: Incurs $2.50 Million Net Loss in 1st Quarter
-----------------------------------------------------------------
Apricus Biosciences, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.50 million on $626,000 of total revenue for the three months
ended March 31, 2016, compared to a net loss of $6.41 million on
$475,000 of total revenue for the same period in 2015.

As of March 31, 2016, Apricus had $10.4 million in total assets,
$17.3 million in total liabilities, and a total stockholders'
deficit of $6.84 million.

"In March, we sharpened our focus on growth of the Vitaros brand,
as we streamlined our organization in an effort to align our
corporate strategy and our financial resources with the goal of
achieving profitability in 2017," stated Richard W. Pascoe, chief
executive officer.  "Importantly, we experienced record Vitaros
royalties in Europe in the first quarter of 2016 and we continue to
have a productive dialogue with the Food and Drug Administration
("FDA") regarding the Vitaros New Drug Application ("NDA")
resubmission content and format.  As such, we remain on track to
resubmit the NDA for Vitaros U.S. in the third quarter of 2016 with
an approval decision expected after a six month review period.
Finally, we will continue to work closely with our partners to grow
Vitaros revenue by supporting additional regulatory approvals and
launches, licensing additional territories, and leveraging our
existing partnerships to help ensure Vitaros is actively
commercialized in all approved territories."

As of March 31, 2016, cash and cash equivalents totaled $6.9
million, compared to $3.9 million as of Dec. 31, 2015.

Early in the second quarter of 2016, Apricus reduced its staff,
including the executive team, by approximately 30%, decreased the
size of the Board by one member and reduced the Board’s cash
compensation.  Apricus plans to continue to reduce operating
expenses (excluding non-cash stock-based compensation expense and
depreciation expense), with a goal of achieving reductions of
approximately 30% in 2016 and 60% in 2017 as compared to 2015
operating expenses (excluding non-cash stock-based compensation
expense and depreciation expense).

In 2016, Apricus expects to continue to generate cash from
milestone or licensing payments and royalty revenues from its
partners' sales of Vitaros.  Apricus will also continue to pursue
out-licensing opportunities for Vitaros in Asia-Pacific.  Apricus'
expenditures will include minimal costs for the preparatory Phase
2b clinical development of RayVa, as well as costs for activities
associated with supporting the regulatory approval of Vitaros in
the U.S. and the commercialization of Vitaros in Europe.

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

                    https://is.gd/b8f3Eb

                  About Apricus Biosciences

Apricus Biosciences, Inc., is a Nevada corporation that was
initially formed in 1987.  The Company has operated in the
pharmaceutical industry since 1995.  The Company's current focus is
on the development and commercialization of innovative products and
product candidates in the areas of urology and rheumatology. The
Company's proprietary drug delivery technology is a permeation
enhancer called NexACT.

Apricus reported a net loss of $19.02 million in 2015, a net loss
of $21.78 million in 2014 and a net loss of $16.93 million in
2013.

BDO USA, LLP, in La Jolla, California, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has negative working
capital and has suffered recurring losses and negative cash flows
from operations that raise substantial doubt about its ability to
continue as a going concern.


ARCH COAL: Panel Hires Kurtzman Carson as Information Agent
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Arch Coal, Inc.,
et al., seeks authorization from the U.S. Bankruptcy Court for the
Eastern District of Missouri to retain Kurtzman Carson Consultants,
LLC as information agent to the Committee, nunc pro tunc to
February 5, 2016.

The Committee requires Kurtzman Carson to:

   (a) establish and maintain the Committee website, to be
       maintained by and through Kurtzman Carson, that provides,
       without limitation:

       -- a link or other form of access to the website maintained

          by the Debtors' claims and noticing agent at
          https://cases.primeclerk.com/archcoal, which shall
          include, among other things, the case docket;

       -- general information concerning the Debtors, including
          case dockets, access to docket filings, and general
          information concerning significant parties in the
          Chapter 11 cases;

       -- highlights of significant events in the Chapter 11
          cases;

       -- a calendar with upcoming significant events in the
          Chapter 11 cases;

       -- a general overview of the Chapter 11 process;

       -- a form to submit creditor questions, comments, and
          requests for access to information;

       -- responses to creditor inquiries, comments and requests
          for access to information, provided, that the Committee
          may privately provide such responses in the exercise of
          its reasonable discretion, including in light of the
          nature of the information request and the creditors'
          agreements to appropriate confidentiality and trading
          constraints;

       -- answers to frequently asked questions;

       -- links to other relevant websites;

       -- the names and contact information for the Debtors'
          counsel and restructuring advisors; and

       -- the names and contact information for the Committee's
          counsel and financial advisors.

   (b) establish and maintain a telephone number and electronic
       mail address for general unsecured creditors to submit
       questions and comments regarding the Debtors and these
       Chapter 11 cases.

Kurtzman Carson will be paid at these hourly rates:

       Director/Sr. Managing Consultant     $170
       Consultant/Sr. Consultant            $70-$160
       Technology/Programming Consultant    $35-$70
       Clerical                             $25-$50

Website Administration

       Creation of case-specific public
       website                              Waived
       Hosting case-specific public
       website                              $200

Kurtzman Carson will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Evan Gershbein, senior vice president of Corporate Restructuring
Services of Kurtzman Carson, 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.

Kurtzman Carson can be reached at:

       Drake D. Foster
       KURTZMAN CARSON CONSULTANTS LLC
       2335 Alaska Ave.
       El Segundo, CA 90245
       Tel: (310) 823-9000
       Fax: (310) 823-9133

                        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.


AS SEEN ON TV: Incurs $31.1 Million Net Loss in Q3 2014
-------------------------------------------------------
As Seen On TV, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $31.1 million on $4.02 million of revenues for the three months
ended Sept. 30, 2014, compared to a net loss of $1.26 million on
$765,690 of revenues for the same period in 2013.

For the nine months ended Sept. 30, 2014, the Company reported a
net loss of $35.6 million on $10.6 million of revenues compared to
a net loss of $2.32 million on $9.95 million of revenues for the
nine months ended Sept. 30, 2013.

As of Sept. 30, 2014, As Seen On TV had $15.7 million in total
assets, $53.3 million in total liabilities, $2.7 million in
redeemable preferred stock, and a total stockholders' deficit of
$40.3 million.

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

                   https://is.gd/60RyV5

                   About As Seen on TV

Clearwater, Fla.-based As Seen On TV, Inc., is a direct response
marketing company.  It identifies, develops, and markets consumer
products.

As reported by the TCR on Nov. 6, 2012, As Seen On TV entered into
an Agreement and Plan of Merger with eDiets Acquisition Company
("Merger Sub"), eDiets.com, Inc., and certain other individuals.
Pursuant to the Merger Agreement, Merger Sub will merge with and
into eDiets.com, and eDiets.com will continue as the surviving
corporation and a wholly-owned subsidiary of the Company.  The
Merger Agreement was completed on April 2, 2014.

The Company incurred a net loss of $9.32 million on $1.98 million
of revenues for the year ended March 31, 2014, as compared with
net income of $3.69 million on $9.40 million of revenues for the
year ended March 31, 2013.

EisnerAmper LLP, in Iselin, New Jersey, issued a "going concern"
qualification on the consolidated financial statements for the
year ended March 31, 2014.  The independent auditors noted that
the Company's recurring losses from operations and negative cash
flows from operations raise substantial doubt about its ability to
continue as a going concern.

                         Bankruptcy Warning

The Company stated the following statements in its quarterly
report for the period ended June 30, 2014:

"We have experienced losses from operations since our inception
and cannot predict how long we will continue to incur losses or
whether we ever become profitable.  We have relied on a series of
private placements of secured and unsecured promissory notes; the
most recent promissory note sale was a senior secured promissory
note on April 3, 2014 in the amount of $10,180,000 whereby the
Company received net proceeds of approximately $8,400,000 after
debt issuance costs and original issuance discount.

"The Ronco is currently in default on $1,545,000 of its
outstanding 18% promissory notes.  Ronco is also in default on its
1.5% Secured Promissory Note with a current outstanding balance of
$8,620,000; however, on March 7, 2014, Ronco and certain creditors
entered into a forbearance agreement whereby each creditor will
forbear from exercising its rights and remedies under the 1.5%
Secured Promissory Note for up to 1 year provided Ronco does not
default on the forbearance agreement.

"Currently, the Company does not have a line of credit to draw
upon.  The Company's commitments and contingencies will either
utilize future operating cash flow or require the sale of debt or
equity securities to fulfil the commitments.

We have undertaken, and will continue to implement, various
measures to address our financial condition, including:

   * Significantly curtailing costs and consolidating operations,
     where feasible.

   * Seeking debt, equity and other forms of financing, including
     funding through strategic partnerships.

   * Reducing operations to conserve cash.

   * Deferring certain marketing activities.

   * Investigating and pursuing transactions with third parties,
     including strategic transactions and relationships.

There can be no assurance that we will be able to secure the
additional funding we need.  If our efforts to do so are
unsuccessful, we will be required to further reduce or eliminate
our operations and/or seek relief through a filing under the U.S.
Bankruptcy Code.  These factors, among others, raise substantial
doubt about our ability to continue as a going concern.  The
accompanying condensed consolidated financial statements do not
include any adjustments to the recoverability and classification
of asset carrying amounts or the amount and classification of
liabilities that might result from the outcome of these
uncertainties."


BH SUTTON: Creditors' Panel Hires Westerman Ball as Counsel
-----------------------------------------------------------
The Joint Official Committee of Unsecured Creditors of BH Sutton
Mezz LLC and Sutton Owner 58 LLC seeks authorization from the Hon.
Sean H. Lane of the U.S. Bankruptcy Court for the Southern District
of New York to retain Westerman Ball Ederer Miller Zucker &
Sharfstein, LLP as counsel to the Sutton Mezz Committee, effective
March 23, 2016 and as counsel to the Joint Committee effective May
3, 2016.

Westerman Ball is expected to render such legal services as the
Joint Committee may consider desirable to discharge the Joint
Committee's responsibilities and further the interests of the Joint
Committee's constituents in the jointly administered cases. In
addition to acting as primary spokesman for the Joint Committee, it
is expected that Westerman Ball's services will include, without
limitation, assisting, advising and representing the Joint
Committee with respect to the following matters:

   (a) the administration of the jointly administered cases and
       the exercise of oversight with respect to the Debtors'
       affairs including all issues arising from or impacting the
       Debtors or the Joint Committee in the Chapter 11 cases;

   (b) the preparation on behalf of the Joint Committee of all
       necessary applications, motions, orders, reports and other
       legal papers;

   (c) appearances in Bankruptcy Court and at statutory meetings
       of creditors to represent the interests of the Joint
       Committee;

   (d) the negotiation, formulation, drafting and confirmation of
       any plan or plans of reorganization and matters related
       thereto;

   (e) the exercise of oversight with respect to any transfer,
       pledge, conveyance, sale or other liquidation of the
       Debtors' assets;

   (f) such investigation, if any, as the Joint Committee may
       desire concerning, among other things, the assets,
       liabilities, financial condition and operating issues
       concerning the Debtors that may be relevant to this case,
       including the validity, priority and amount of alleged
       secured and unsecured claims and liens;

   (g) such communication with the Joint Committee's constituents
       and others as the Joint Committee may consider desirable in

       furtherance of its responsibilities; and

   (h) the performance of all of the Joint Committee's duties and
       powers under the Bankruptcy Code and the Bankruptcy Rules
       and the performance of such other services as are in the
       interests of those represented by the Joint Committee or as

       may be ordered by the Court.

Westerman Ball will be paid at these hourly rates:

       Thomas A. Draghi                  $600
       John E. Westerman                 $625
       Eric G. Waxman, III               $595
       Mickee M. Hennessy                $550
       Florence Jean-Joseph, paralegal   $200
       Partners and Of Counsel           $450-$625
       Associates                        $225-$425
       Paraprofessionals                 $200

Westerman Ball will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Thomas A. Draghi, senior partner of Westerman Ball, 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.

Westerman Ball can be reached at:

       Thomas A. Draghi, Esq.
       Eric G. Waxman, III, Esq.
       WESTERMAN BALL EDERER
       MILLER ZUCKER & SHARFSTEIN, LLP
       1201 RXR Plaza
       Uniondale, NY 11556
       Tel: (516) 622-9200
       Fax: (516) 622-9212
       E-mail: tdraghi@westermanllp.com

                       About BH Sutton

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


BIND THERAPEUTICS: Hires Prime Clerk as Claims and Noticing Agent
-----------------------------------------------------------------
Bind Therapeutics, Inc., and its debtor-affiliates seek permission
from the U.S. Bankruptcy Court for the District of Delaware to
employ Prime Clerk LLC as Claims and Noticing Agent.

The Debtors require Prime Clerk to:

     (a) prepare and serve required notices and documents in these
chapter 11 cases in accordance with the Bankruptcy Code and the
Bankruptcy Rule in the form and manner directed by the Debtors
and/or the Court, including (i) notice of the commencement of these
chapter 11 cases and the initial meeting of creditors under
Bankruptcy Code 341(a), (ii) notice of any claims bar date, (iii)
notices of transfers of claims, (iv) notices of objections to
claims and objections to transfer of claims, (v) notices of any
hearings on a disclosure statement and confirmation of the Debtors'
plan or plans of reorganization, including under Bankruptcy Rule
3017(d), (vi) notice of the effective date of any plan and (vii)
all other notices, orders, pleadings, publications and other
documents as the Debtors or Court may deem necessary or appropriate
for an orderly administration of these chapter 11 cases.

     (b) maintain an official copy of the Debtors' schedules of
assets and liabilities and statements of financial affairs  listing
the Debtors' known creditors and the amounts owed thereto;

     (c) maintain (i) a list of all potential creditors, equity
holders and other parties-in-interest and (ii) a "core" mailing
list consisting of all parties described in Bankruptcy Rule
2002(i), (j) and (k) and those parties that have file a notice of
appearance pursuant to Bankruptcy Rule 9010; update and make said
lists available upon request by a party-in-interest of the Clerk;

     (d) furnish a notice to all potential creditors of the last
date for filing proofs of claims and form for filing a proof of
claim, after such notice and form are approved by the Court, and
notify said potential creditors of the existence, amount and
classification of their respective claims as set forth in the
Schedules, which may be effected by inclusion of such information
(or the lack thereof, in cases where the Schedules indicate no debt
due to subject party) on a customized proof of claim form provided
to potential creditors;

     (e) maintain a post office box or address for the purpose of
receiving claims and returned mail, and process all mail received;

     (f) for all notices, motions, orders or other pleadings of
documents served, prepare and file or cause to be filed with the
Clerk an affidavit or certificate of service within seven (7)
business days of service which includes (i) either a copy of the
notice served or the docket number(s) and title(s) of the
pleading(s) served, (ii) a list of persons to whom it was mailed
(in alphabetical order) with their addresses, (iii) the manner of
service and (iv) the date served;

     (g) process all proof of claim received, including those
received by the Clerk, check said processing for accuracy and
maintain the original proofs of claim in a secure area;

     (h) maintain the official claims register for each Debtor
(collectively, "Claims Registers") on behalf of the Clerk; upon the
Clerk's request, provide the Clerk with certified, duplicate
unofficial Claims Registers; and specify in the Claims Registers
the following information for each claim docketed; (i) the claim
number assigned, (ii) the date received, (iii) the name and address
of the claimant and agent, if applicable, who filed the claim, (iv)
the amount asserted, (v) the asserted classification(s) of the
claim (e.g., secured, unsecured, priority, etc.), (vi) the
applicable Debtor and (vii) any disposition of the claim;

     (i) implement necessary security measures to ensure the
completeness and integrity of the Claims Registers and the
safekeeping of the original claims;

     (j) record all transfer of claims and provide any notices of
such transfers as required by Bankruptcy Rule 3001(e);

     (j) relocate, by messenger or overnight delivery, all of the
Court-filed proofs of claim to the offices of Prime Clerk, not less
than weekly;

     (l) upon completion of the docketing process for all claims
received to date for each case, turn over to the clerk copies of
the Claims Registers for the Clerk's review (upon the Clerk's
request);

     (m) monitor the Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed and
make necessary notations on and/or changes to the claims register
and any services or mailing lists, including to identify and
eliminate duplicative names and addresses from such lists;

     (n) identify and correct any incomplete or incorrect addresses
in any mailing or service lists;

     (n) assist in the dissemination of information to the public
and respond to requests for administrative information regarding
these chapter 11 cases as directed by the Debtors or the Court,
including through the use of as website and/or call center;

     (p) monitor the Court's docket in these chapter 11 cases and,
when filings are made in error or containing errors, alert the
filing party of such error and work with them to correct any such
error;

     (q) if these chapter 11 cases are converted to cases under
chapter 7 of the Bankruptcy Code, contact the Clerk's office within
three (3) days of notice to Prime Clerk of entry of the order
converting the cases;  

     (r) 30 days prior to the close of these chapter 11 cases, to
the extent practicable, request that the Debtors submit to the
Court a proposed order dismissing Prime Clerk as Claims and
Noticing Agent and terminating its services in such capacity upon
completion of its duties and responsibilities and upon the closing
of these chapter 11 cases;

     (s) within seven days of notice to Prime Clerk of entry of an
order closing these chapter 11 cases, provide to the Court the
final version of the Claims Registers as of the date immediately
before the close of the chapter 11 cases; and

     (t) at the close of these chapter 11 cases, (i) box transport
all original documents, in proper format, as provided by the
Clerk's office, to (A) the Philadelphia Federal Records Center,
14700 Townsend Road, Philadelphia, PA 19154 or (B) any other
location requested by the Clerk's office; and (ii) docket a
completed SF-135 Form indicating the accession and location numbers
of the archived claims.

Prime Clerk will be paid at these rates:

Claim and Noticing Rates:

    Analyst                                         $25-$50        
    
    Technology Consultant                           $35-$85
    Consultant/Senior Consultant                    $65-$170
    Director                                        $175-$195
    Chief Operating Officer and Executive V-Pres    No Charge

B. Solicitation, Balloting and Tabulation Rates
    
    Solicitation Consultant                         $195
    Director of Solicitation                        $200  

C. Printing and Noticing Services

    Printing                                        $0.10/page
    Customization/Envelope Printing                 $0.50 each
    Document folding and inserting                  No charge
    Postage/Overnight Delivery                  Preferred Rates
    E-mail Noticing                                 No charge
    Fax Noticing                                    $0.10/page
    Proof of Claim Acknowledgement Card             No Charge
    Envelopes                                   Varies by Size

D. Newspaper and Legal Notice Publishing

    Coordinate and publish legal notices            On request
    
E. Case Website

    Case Website setup                             No charge
    Case Website hosting                           No charge
    Update case docket and claims register         No charge

F. Client Access

    Access to secure client login (unlimited user) No charge
    Client customizable reports on demand or
    via scheduled email delivery
    (unlimited quantity)                           No charge
    Real time dashboard analytics measuring claim
    and ballot information and
    document processing status                     No charge

G. Data Administration and Management

    Inputing proofs of claim and ballots  Standard hourly rates
    Electronic Imaging                         $0.12 per image
    Data Storage, maintenance and security    $.10/record/month
    Virtual Data Rooms                             on request

H. On-line Claim Filing Services
    On-line claim filing                           no charge

Call Centre Services

   Case-Specific voice-mail box                    no charge
   Interactive Voice Response ("IVR")              no charge
   Monthly maintenance                             no charge
   Call centre personnel                  Standard Hourly rates
   Live chat                              Standard Hourly rates

Disbursement Services

   Check Issuance and/or Form 1099         Available on request
   W-9 mailing and maintenance of
   TIN database                           Standard Hourly rates
                           
The Debtors respectfully request that the undisputed fees and
expenses incurred by Prime Clerk in the performance of the above
services be treated as administrative expenses of the Debtors'
chapter 11 estates pursuant to 26 U.S.C. 156(c) and Section
503(b)(1)(A) of the Bankruptcy Code, and be paid in the ordinary
course of business without further application or order of the
Court.

If any disputes arises relating to the Engagement Agreement or
monthly invoices, the parties shall meet and confer in an attempt
to resolve the dispute; if the resolution is not achieved, the
parties may seek resolution of the matter from the Court.

Prior to the Petition Date, the Debtors provided Prime Clerk a
retainer in the amount of $25,000. Prime Clerk seeks to apply the
retainer to all prepetition invoices, and thereafter, to seek to
have the retainer replenished to the original retainer amount, and
thereafter, to hold the retainer under the Engagement Agreement
during these chapter 11 cases as security for the payment of fees
and expenses incurred under the Engagement Agreement.

Additionally, under the terms of the Engagement Agreement, the
Debtors have agreed to indemnify, defend and hold harmless Prime
Clerk and its members, officers, employees, representative and
agents under certain circumstances specified in the Engagement
Agreement, except in circumstances resulting solely from Prime
Clerk's gross negligence or willful misconduct or as otherwise
provided in the Engagement or Retention Order. The Debtors believe
that such an indemnification obligation is customary, reasonable
and necessary to retain the services of a Claims and Noticing Agent
in these chapter 11 cases.

Prime Clerk will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Michael J. Frishberg, Co-President and Chief Operating Officer of
Prime Clerk 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.

Prime Clerk may be reached at:

         Michael J. Frishberg
         830 Third Avenue, 9th Floor
         New York, New York 10022
         Tel.: 212 257 5450
         E-mail: mfrishberg@primeclerk.com
                   
                   About BIND Therapeutics

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


BIND Therapeutics, Inc., aka BIND Biosciences, Inc., and BIND
Biosciences Security Corporation filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 16-11084 and 16-11085) on May
1, 2016.

Peter M. Gilhuly, Esq., Kimberly A. Posin, Esq., and Adam E.
Malatesta, Esq., at Latham & Watkins LLP, and John Henry Knight,
Esq., and Amanda R. Steele, Esq., at Richards, Layton & Finger,
P.A., serve as Chapter 11 counsel.

The Debtors' financial advisor is Cowen and Company, LLC.  Prime
Clerk LLC serves as claims and noticing agent.  In its petition,
the Debtors estimated $10 million to $50 million in both assets and
liabilities.

The petitions were signed by Andrew Hircsh, president and chief
executive officer.


BION ENVIRONMENTAL: Incurs $719,000 Net Loss in Third Quarter
-------------------------------------------------------------
Bion Environmental Technologies, Inc., filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $718,964 on $3,658 of revenue for the
three months ended March 31, 2016, compared to a net loss of $1.68
million on $3,658 of revenue for the same period in 2015.

For the nine months ended March 31, 2016, the Company reported a
net loss of $2.34 million on $3,658 of revenue compared to a net
loss of $3.05 million on $3,658 of revenue for the nine months
ended March 31, 2015.

As of March 31, 2016, Bion had $1.87 million in total assets, $14
million in total liabilities and a total deficit of $12.12
million.

As of March 31, 2016, the Company had cash of approximately
$56,000.  During the nine months ended March 31, 2016, net cash
used in operating activities was $701,000, primarily consisting of
cash operating expenses related to salaries and benefits, and other
general and administrative costs such as insurance and legal and
accounting expenses.  As previously noted, the Company is currently
not generating significant revenue and accordingly has not
generated cash flows from operations.  The Company does not
anticipate generating sufficient revenues to offset operating and
capital costs for a minimum of two to five years.  While there are
no assurances that the Company will be successful in its efforts to
develop and construct its Projects and market its Systems, it is
certain that the Company will require substantial funding from
external sources.  Given the unsettled state of the current credit
and capital markets for companies such as Bion, there is no
assurance the Company will be able to raise the funds it needs on
reasonable terms.

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

                     https://is.gd/qYkojf

                   About Bion Environmental

Bion Environmental Technologies Inc.'s patented and proprietary
technology provides a comprehensive environmental solution to a
significant source of pollution in US agriculture, large scale
livestock facilities known as Confined Animal Feeding Operations.
Bion's technology produces substantial reductions of nutrient
releases (primarily nitrogen and phosphorus) to both water and air
(including ammonia, which is subsequently re-deposited to the
ground) from livestock waste streams based upon the Company's
operations and research to date (and third party peer review).

Bion Environmental reported a net loss of $5.6 million on $3,658 of
revenue for the year ended June 30, 2015, compared to a net loss of
$5.8 million on $5,931 of revenue for the year ended
June 30, 2014.

GHP Horwath, P.C., in Denver, Colorado, issued a "going concern"
qualification on the consolidated financial statements for the year
ended June 30, 2015, citing that the Company has not generated
significant revenue and has suffered recurring losses from
operations.  These factors raise substantial doubt about its
ability to continue as a going concern.


BLUFF CREEK: Seeks Authority to Use NEWAMCO Cash Collateral
-----------------------------------------------------------
Bluff Creek Production, LLC, asks the Bankruptcy Court for
authority to use the cash collateral of NEWAMCO, LLC, for payment
of its operating expenses in accordance with a budget.

NEWAMCO, LLC, had a lien from the assignment of the claim by Green
Bank, N.A.  NEWAMCO, LLC, held a secured position on all cash and
accounts held by Debtor in the amount of approximately $6,750,000.
The creditor has not filed its proofs of claims but the Debtor
estimates the properties are worth approximately $12,000,000, thus
providing substantial equity in the sum of the properties.

The Debtor's primary source of income is the proceeds it collects
from the sale of its oil and/or gas.  The Debtor deems it important
to obtain authority to use some of the cash collateral it receives
in order to pay basic necessities such as operations, maintenance,
insurance, taxes, management fees, escrow for future operating and
maintenance expenses and professional fees as might be approved by
the court.

The Debtor currently has no present alternative borrowing source
from which the Debtor could secure additional funding to operate
its business.  Debtor believes the expenses listed on the Budget
are reasonable and necessary business expenses which must be paid
in order to continue the Debtor's business.

In an effort to adequately protect the interests of the creditor in
the Pre petition Collateral for the Debtor's use of cash collateral
as requested in this Motion, the Debtor is offering to provide the
creditor with a replacement lien on the Debtor's accounts
receivable generated postpetition through the use of the collateral
of the creditor.

In the event the Court does not authorize the Debtor's use of cash
collateral, the Debtor believes it will be unable to maintain its
current business operations and propose a plan of reorganization as
contemplated by the Bankruptcy Code. Without the use of cash
collateral, the Debtor will be seriously and irreparably harmed,
resulting in substantial losses to the Debtor's estate and its
respective creditors.

The Debtor is represented by:

         Jesse Blanco Jr., Esq.
         JESSE BLANCO ATTORNEY AT LAW
         7406 Garden Grove
         San Antonio, TX 78250
         Tel: (713) 320-3732
         Fax: (210) 509-6903
         E-mail: jesseblanco@sbcglobal.net
                 lawyerjblanco@gmail.com

                           About Bluff Creek

Bluff Creek Production, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Texas Case No. 16-70045) on April 4, 2016.  Robert G.
Call signed the petitions as manager.  The Debtors listed total
assets of $13.6 million and total debts of $7.09 million.

Jesse Blanco Attorney at Law serves as the Debtors' counsel.

Judge Ronald B. King is assigned to the cases.


BRAND ENERGY: Moody's Lowers CFR to B3 Amid Oil Market Downturn
---------------------------------------------------------------
Moody's Investors Service downgraded Brand Energy & Infrastructure
Services, Inc.'s corporate family rating to B3 from B2.  The
downgrade reflects the deterioration in Brand's operating results
and credit metrics, the impact of the downturn in the oil & gas
market, and the expectation that the company's credit profile will
remain weak over the next 12 to 18 months.  The rating outlook was
changed to negative from stable.

This is a summary of Moody's ratings and rating actions taken for
Brand Energy & Infrastructure Services, Inc.'s:

   -- Corporate Family Rating, downgraded to B3 from B2;
   -- Probability of Default Rating, downgraded to B3-PD from
      B2-PD;
   -- $500 million senior unsecured notes due 2021; downgraded to
      Caa2 (LGD5) from Caa1 (LGD5);
   -- $300 million first lien revolving credit facility due 2018,
      downgraded to B2 (LGD3) from B1 (LGD3);
   -- $1,275 million first lien term loan due 2020, downgraded to
      B2 (LGD3) from B1 (LGD3);
   -- Outlook, changed to negative from stable

RATINGS RATIONALE

The downgrade reflects deterioration in operating results and key
credit metrics, including Moody's expectations for continued high
debt leverage (measured as Moody's adjusted Debt to EBITDA) above
6.5x and weaker interest coverage during the next 12 to 18 months.
The B3 rating also takes into account Brand's negative free cash
flows as well as the company's reduced margins.  The rating does
take into consideration Brand's good liquidity profile sustained by
its access to its revolving facility and recently executed
receivables financing.

The negative outlook reflects our concerns about Brand's ability to
improve operating performance enough to offset its top-line sales
drop and successfully boost its key credit metrics in the next 12
to 18 months as well as the company's significant exposure to the
oil & gas sector.

WHAT COULD CHANGE RATINGS UP/DOWN

Upgrade is unlikely in the near term.  However, the outlook could
be stabilized if Brand improves operating performance with better
credit ratios, including:

   -- Adjusted debt-to-EBITDA sustained below 5.5x.
   -- Interest coverage (measured as EBITA-to-Interest Expense),
      sustained above 2.0x.
   -- Retained cash flow-to-Net debt above 10.5%.

Alternatively, negative rating actions may occur if Brand's
operating performance falls below our expectations, or if the
company experiences a weakening in financial performance resulting
in these adjusted metrics:

   -- Adjusted debt-to-EBITDA remains 7.0x.
   -- Interest coverage, below 1.0x.
   -- Retained cash flow-to-Net debt below 7.5%.
   -- Deterioration in liquidity profile.

CORPORATE PROFILE

Headquartered in Kennesaw, GA, Brand Energy & Infrastructure
Services, Inc. is the largest provider of scaffolding, insulation,
coatings and other industrial services within the following market
segments in North America: upstream, midstream, and downstream oil
& gas, power generation, industrial and infrastructure.  Brand is
majority owned by Clayton Dubilier & Rice through its affiliated
funds.  In 2015 Brand has approximately 2.9 billion in revenues.
All Moody's calculations include Moody's standard adjustments.

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



BTCS INC: Court Appoints Temporary Liquidator for Spondoolies
-------------------------------------------------------------
BTCS Inc. was informed that, on May 4, 2016, a hearing was held in
the district court in Beersheva, Israel during which certain
parties sought appointment of a temporary liquidator for
Spondoolies Tech Ltd.  As a result of the hearing, the Court
appointed a temporary liquidator and the judge presiding over the
proceedings set a hearing for July 14, 2016, at least one week
prior to which a certificate of information must be filed with the
Court as required in the applicable regulations.  The Company is
seeking a conference with the temporary liquidator.

BTCS said that at the present time, there can be no assurance that
the Company's pending acquisition of Spondoolies can be effectuated
and is examining what claims, if any, it may have in connection
with such acquisition and the Company's prior investments in
Spondoolies.

                         About BTCS

BTCS is an early entrant in the digital currency ecosystem and one
of the first U.S. publicly traded companies to be involved with
digital currencies.  On July 24, 2015, the Company effected a
change in its name from Bitcoin Shop, Inc. to BTCS Inc.  
On Aug. 3, 2015, the Company's common stock began trading on the
OTC Markets under the new name and with a new CUSIP (05581M 107),
but retained the stock symbol "BTCS."

The Company incurred a net loss of $10.04 million in 2015 following
a net loss of $14.75 million in 2014.  As of Dec. 31, 2015, BTCS
had $3.23 million in total assets, $6.02 million in total
liabilities and a total stockholders' deficit of
$2.78 million.

Marcum LLP, in New York, NY, issued a "going concern" qualification
on the consolidated financial statements for the year ended Dec.
31, 2015, citing that the Company has suffered recurring losses
from operations and needs to raise additional funds to meet its
obligations and sustain its operations.  These conditions raise
substantial doubt about the Company's ability to continue as a
going concern.


BUCKSPORT GENERATION: Employs Bernstein Shur as Counsel
-------------------------------------------------------
Bucksport Generation LLC has obtained authorization to employ
Bernstein, Shur, Sawyer & Nelson, P.A., as counsel.

The professional services that Bernstein will render to the Debtor
may include some or all of the following:

   a) Advising the Debtor with respect to its powers and duties as
debtor-in-possession in the continued management and operation of
its business and property;

   b) Representing the Debtor at all hearings and matters
pertaining to its affairs as debtor and debtor-in-possession;

   c) Attending meetings and negotiating with representatives of
the Debtor's creditors and other parties-in-interest, as well as
responding to creditor inquiries;

   d) Taking all necessary action to protect and preserve the
Debtor's estate;

   e) Preparing on behalf of the Debtor all necessary and
appropriate motions, applications, answers, orders, reports and
papers necessary to the administration of Debtor's estate;

   f) Reviewing applications and motions filed in connection with
the case;

   g) Negotiating and preparing on the Debtor's behalf any plans of
reorganization, disclosure statements, and all related agreements
and/or documents, and taking any necessary action on behalf of the
Debtor to obtain confirmation of such plans;

   h) Advising the Debtor in connection with any potential sale or
sales of assets or business, or in connection with any other
strategic alternatives;

   i) Reviewing and evaluating the Debtor's executory contracts and
unexpired leases, and representing the Debtor in connection with
the rejection, assumption or assignment of such leases and
contracts;

   j) Consulting with and advising the Debtor regarding labor and
employment matters;

   k) Representing the Debtor in connection with any adversary
proceedings or automatic stay litigation which may be commenced by
or against the Debtor;

   l) Commencing any adversary proceedings necessary to liquidate
any claims against third parties;

   m) Reviewing and analyzing various claims of the Debtor's
creditors and treatment of such claims, and preparing, filing or
prosecuting any objections thereto; and

   n) Performing all other necessary legal services and providing
all other necessary legal advice to the Debtor in connection with
the case.

The Debtor will pay the Firm its customary hourly rates for
representation of debtors in reorganization cases and reimbursement
for its actual and necessary expenses incurred in representing the
Debtors.

Robert J. Keach, Esq., a co-chair of Bernstein Shur's Business
Restructuring and Insolvency Practice Group, assures 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 Debtor.

                     About Bucksport Generation

Bucksport Generation LLC filed Chapter 11 bankruptcy petition
(Bankr. D. Maine Case No. 15-10802) on Nov. 3, 2015.  The petition
was signed by Kyle E. Nenninger as project manager.  The Debtor
estimates both assets and liabilities in the range of $10 million
to $50 million.

The Debtor has engaged Bernstein, Shur, Sawyer & Nelson, P.A., as
counsel.

Judge Peter G. Cary is assigned to the case.

Bucksport Generation LLC, majority owned by AIM Development, is the
owner of a gas-fired generator on a shuttered paper mill property
in Bucksport, Maine.


BUCKSPORT GENERATION: Files Schedules of Assets & Liabilities
-------------------------------------------------------------
Bucksport Generation LLC filed with the U.S. Bankruptcy Court for
the District of Maine its schedules of assets liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $26,861,558
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                $9,735,089
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                       $15,379,023
                                 -----------      -----------
        Total                    $26,861,558      $25,114,112

A copy of the amended schedules is available for free at:

                         http://is.gd/1qVKa3

                     About Bucksport Generation

Bucksport Generation LLC filed Chapter 11 bankruptcy petition
(Bankr. D. Maine Case No. 15-10802) on Nov. 3, 2015.  The petition
was signed by Kyle E. Nenninger as project manager.  The Debtor
estimates both assets and liabilities in the range of $10 million
to $50 million.

The Debtor has engaged Bernstein, Shur, Sawyer & Nelson, P.A. as
counsel.

Judge Peter G. Cary is assigned to the case.

Bucksport Generation LLC, majority owned by AIM Development, is the
owner of a gas-fired generator on a shuttered paper mill property
in Bucksport, Maine.


CANAL ASPHALT: Ford Objects to Confirmation of Plan
---------------------------------------------------
Ford Motor Credit Company LLC requests that the Bankruptcy Court
deny confirmation of the Chapter 11 Plan of Canal Asphalt Inc.

FMCC objects to confirmation of the Debtor's Plan upon the grounds
the Plan does not propose a specific amount to be paid on the
secured claim of FMCC, nor does the Plan propose appropriate
interest or term.  Upon information and belief, other secured
claims are proposed to be paid without specific terms provided.
Without specific treatment proposed, FMCC cannot consider
feasibility or good faith and the Plan should not be confirmed.

FMCC is the holder of a properly perfected first-in-right purchase
money security interest in one (1) 2013 Ford F150 (V.I.N.
1FTFW1EF3DFC28377).

FMCC is represented by:

         Martin A. Mooney, Esq.
         SCHILLER, KNAPP, LEFKOWITZ & HERTZEL, LLP
         950 New Loudon Road, Suite 109
         Latham, New York 12110
         Tel: (518) 786-9069
         E-mail: mmooney@schillerknapp.com

                        About Canal Asphalt

Canal Asphalt Inc. filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 15-23094) on July 31, 2015.  The petition was
signed by August Nigro III as president.  The Debtor disclosed
total assets of $20.3 million and total liabilities of $23 million.
Goetz Fitzpatrick LLP serves as the Debtor's counsel.  CohnReznick
LLP serves as financial advisor.  SSG Capital Advisors, LLC, serves
as its exclusive investment banker, with respect to the sale of its
asphalt plant at 800 Canal Street, in Mount Vernon, New York.  Hon.
Robert D. Drain presides over the case.


CANAL ASPHALT: Peckham Declared as Successful Bidder
----------------------------------------------------
Gary M. Kushner, Esq., at partner at Goetz Fitzpatrick LLP, has
filed a declaration on the results of the auction of Canal Asphalt
Inc.

At the auction, the Debtors' investment banker SSG Capital Advisors
LLC, declared that Peckham Industries, Inc.'s $12.75 million bid to
be the Successful Bid.

As a result of Peckham's all-cash bid, these summarizes how each
Class under the Plan will be paid:

   a) Class 1 (Non-Tax Priority Claims) will be paid, in full, on
the Effective Date of the Plan.  There is no change as to Class 1
as a result of the Auction.

   b) Classes 2 and 3 of the Plan (Peckham and C.L.'s secured
claims) were to be paid either in cash or by way of a reinstatement
of the contractual agreements between the creditor and the Debtor.
As a result of Peckham's all-cash bid at the Auction, there will be
no reinstatement.  Class 2 and Class 3 will be paid, in full, on
the Effective Date of the Plan.

   c) Class 4 of the Plan (New Flow mortgage) was to be paid in
cash, or by way of an installment agreement if PCI was the
successful bidder.  Since Peckham was the successful bidder at the
Auction, New Flow will be paid, in full, on the Effective Date of
the Plan.

   d) Class 5 of the Plan (Putnam's secured claim) will be paid, in
full, on the Effective Date of the Plan.  There is no change to the
payment of Class 5 claim as a result of the Auction.

   e) Classes 6, 7, and 8 are unaffected by the results of the
Auction.  These creditors will either be paid on the Effective Date
of the Plan or be given their collateral as payment in full.

   f) Class 9 of the Plan (general unsecured creditors) was to be
paid with cash and in installments over a five-year period (if PCI
was the successful bidder) or in cash on the Effective Date of the
Plan if there was a cash offer accepted at the Auction. Since
Peckham's all-cash bid was accepted, unsecured creditors will
receive a substantial distribution on the Effective Date of the
Plan and another distribution when the Debtor winds down its
business (in approximately 9 to 12 months).

As a result of the Auction, it is now anticipated that no less than
$4 million will be available to pay the allowed claims of unsecured
creditors.  If this winds up to be the case, unsecured creditors
will receive approximately 72% of their allowed claims on the
Effective Date of the Plan.

                        About Canal Asphalt

Canal Asphalt Inc. filed a Chapter 11 bankruptcy petition (Bankr.
S.D.N.Y. Case No. 15-23094) on July 31, 2015.  The petition was
signed by August Nigro III as president.  The Debtor disclosed
total assets of $20.3 million and total liabilities of $23 million.
Goetz Fitzpatrick LLP serves as the Debtor's counsel.  CohnReznick
LLP serves as financial advisor.  SSG Capital Advisors, LLC, serves
as its exclusive investment banker, with respect to the sale of its
asphalt plant at 800 Canal Street, in Mount Vernon, New York.  Hon.
Robert D. Drain presides over the case.


CANYON PORTAL: Can Access $85,000 Barrett DIP Financing
-------------------------------------------------------
U.S. Bankruptcy Judge Edward P. Ballinger, Jr., has authorized
Canyon Portal II, LLC, to access postpetition financing from
Barrett Realty, LLC, up to a maximum principal amount of $85,000.

The Debtor and DIP Lender are authorized to enter into the Term
Sheet and to execute loan documents that memorialized the
provisions of the Terms Sheet with respect to the loan or advances
to be made by Barrett in accordance with the Term Sheet.

                     About Canyon Portal II

Canyon Portal II, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. D. Ariz. Case No. 15-16313) on Dec. 31, 2015.  The petition
was signed by Al Spector as manager.  The Debtor disclosed total
assets of $29.55 million and total debts of $22.62 million.
Stinson Leonard Street LLP represents the Debtor as counsel.  Judge
Eddward P. Ballinger Jr. has been assigned the case.


CHAPARRAL ENERGY: Meeting to Form Creditors' Panel Set for May 18
-----------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on May 18, 2016, at 10:00 a.m. in the
bankruptcy case of Chaparral Energy, Inc., et al.

The meeting will be held at:

         Office of the U. S. Trustee
         The DoubleTree Hotel
         700 King St.
         Wilmington, DE 19801

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.



CHINA SHIANYUN: Suspending Filing of Reports with SEC
-----------------------------------------------------
China Shianyun Group Corp., Ltd., filed a Form 15 with the
Securities and Exchange Commission notifying the termination of
registration of its common stock under Section 12(g) of the
Securities Exchange Act of 1934.  As a result of the Form 15
filing, the Company is not anymore obligated to file periodic
reports with the SEC.

                        About China Shianyun

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

China Shianyun reported net income of $1.76 million on $1.14
million of revenues for the year ended Dec. 31, 2015, compared to a
net loss of $1.33 million on $209,992 of revenues for the year
ended Dec. 31, 2014.

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

AWC (CPA) Limited, in Hong Kong, China, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2015, citing that the Company has a significant
accumulated deficits and negative working capital. These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


CLASSIC COMMUNITIES: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Classic Communities Corporation
        2151 Linglestown Road, Suite 300
        Harrisburg, PA 17110

Case No.: 16-02022

Chapter 11 Petition Date: May 10, 2016

Court: United States Bankruptcy Court
       Middle District of Pennsylvania (Harrisburg)

Judge: Hon. Mary D France

Debtor's Counsel: Robert E Chernicoff, Esq.
                  CUNNINGHAM, CHERNICOFF & WARSHAWSKY, P.C.
                  2320 North Second Street
                  Harrisburg, PA 17110
                  Tel: 717 238-6570
                  Fax: 717 238-4809
                  E-mail: rec@cclawpc.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Douglas Halbert, president.

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Benfield Electric Co. Inc.          Trade Debt          $538,608
400 Hickory Drive
Suite 200
Aberdeen, MD 21001

JC Snavely & Sons Inc.             Note Payable         $485,763
150 Main Street
Landisville, PA 17538

Touch of Color                     Trade Payable        $358,261
6303 Allentown Blvd
Harrisburg, PA 17112

Lezzer Holdings, Inc.              Note Payable         $345,858
P.O. Box 217
Curwensville, PA 16833

Final Phase Home                   Note Payable         $335,806
Solutions, LLC
325 E Stiegel Street
Manheim, PA 17545

Liberty Insulation Company         Note Payable         $314,242
3645 Board Road
York, PA 17406

Adams Drywall, Inc.                 Trade Payable        $308,694
403 S Erisman Road
Manheim, PA 17545

Groffs Electric                     Note Payable         $296,088
3012 Willow Street Pike N
Willow Street, PA 17584

Red Rose Cabinetry                  Note Payable         $294,780
740 Rothsville Road
Lititz, PA 17543

Fromm Electric                      Note Payable         $290,835
Supply Corp.
5010 Linglestown Road
Harrisburg, PA 17112

Lauer Electric                      Note Payable         $207,524
5257 Simpson Ferry Road #A
Mechanicsburg, PA 17050

JC Snavely & Sons Inc.              Trade Debt           $204,235

Norandex Building                   Note Payable         $204,184
Materials Dist.

Mountain View                       Trade Debt           $204,126
Plumbing & Heating

Esh's Masonry, LLC                  Trade Debt           $197,372

Lezzer Holdings, Inc.               Trade Debt           $193,396

S&M Siding, LLC                     Trade Debt           $191,525

Steffy Concrete Inc.                Note Payable         $191,415

Schouten Drywall LLC                Trade Debt           $184,182

Esh Drywall                         Trade Debt           $178,775


CLEVELAND BIOLABS: Signs Separation Agreement with CFO
------------------------------------------------------
Cleveland BioLabs, Inc., and Neil C. Lyons, the Company's chief
financial officer, mutually agreed that Mr. Lyons would terminate
his employment with the Company effective May 6, 2016, and become a
consultant on such date.  In his role as a consultant, Mr. Lyons
will continue to serve as chief financial officer of the Company.
In connection with his separation from service as an employee and
engagement as a consultant, the Company and Mr. Lyons entered into
a Separation and Consulting Agreement, dated as of May 6, 2016.

Under the terms of the Separation and Consulting Agreement, the
Company will pay to Mr. Lyons a monthly fee of $12,450, will pay
50% of Mr. Lyons' premiums for medical insurance under COBRA and
will reimburse Mr.  Lyons for all reasonable, out-of-pocket
expenses incurred by him while traveling on behalf of the Company.
Additionally, the Company has agreed to pay Mr. Lyons certain
guaranteed payments of $72,283 on May 6, 2016, $36,142 on Nov. 1,
2015, and $38,350 on April 30, 2017, the expiration date of the
Separation and Consulting Agreement.  In exchange for the payments,
Mr. Lyons agrees to serve as the Company's non-employee Chief
Financial Officer from May 6, 2016 through April 30, 2017, during
which time he will based in Highland, Maryland and provide his
consulting services for up to 80 hours per month.

Under the Separation and Consulting Agreement, if the Company
terminates the engagement of Mr. Lyons for Cause, Mr. Lyons
violates the restrictive covenants to which he is bound or Mr.
Lyons terminates his engagement without Good Reason, then the
Company will have no further obligation to make any additional
payments of monthly fees or of the Guaranteed Payments.  If,
however, the Company terminates Mr. Lyons' engagement without cause
or Mr. Lyons terminates his engagement for Good Reason, the Company
will be required to pay the monthly fees and make the Guaranteed
Payments through April 30, 2017.

Mr. Lyons also released and discharged the Company and its
stockholders, officers, directors, employees and agents from any
and all claims of any kind whatsoever relating to his employment
with the Company or his separation from the Company that Mr. Lyons
now has or may later claim to have against the foregoing parties.
Mr. Lyons also agreed to be bound by provisions requiring his
confidentiality with respect to the Company's confidential and
proprietary information.  He has also agreed to restrictive
covenants prohibiting him from soliciting the Company's employees,
consultants, contractors or customers and from competing against
the Company, in each case, through April 30, 2017.

                      About Cleveland BioLabs

Cleveland BioLabs, Inc. (NASDAQ: CBLI) is a biopharmaceutical
company developing novel approaches to activate the immune system
and address serious unmet medical needs.  The Buffalo, New
York-based company's proprietary platform of toll-like immune
receptor activators has applications in radiation mitigation,
oncology immunotherapy and vaccines.

Cleveland reported a net loss of $13.04 million on $2.70 million of
grants and contracts revenues for the year ended Dec. 31, 2015,
compared to net income of $35,366 on $3.70 million of grants and
contracts revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Cleveland Biolabs had $20.88 million in total
assets, $5.84 million in total liabilities and $15.03 million in
total stockholders' equity.


COMBIMATRIX CORP: Acuta Capital Reports 5.6% Equity Stake
---------------------------------------------------------
In an amended Schedule 13G filed with the Securities and Exchange
Commission, Acuta Capital Partners LLC disclosed that as of Dec.
31, 2015, it beneficially owns 711,470 common shares of Combimatrix
Corporation representing 5.6 percent of the shares outstanding.  A
copy of the regulatory filing is available for free at
https://is.gd/YoRPLI

                       About Combimatrix

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

Combimatrix reported a net loss of $6.60 million in 2015 compared
to a net loss of $8.70 million in 2014.  

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


COMDISCO HOLDING: Reports Fiscal 2nd Qtr. 2016 Financial Results
----------------------------------------------------------------
Comdisco Holding Company, Inc., on May 11 reported financial
results for its fiscal second quarter ended March 31, 2016.
Comdisco emerged from Chapter 11 bankruptcy proceedings on August
12, 2002.  Under Comdisco's First Amended Joint Plan of
Reorganization (the "Plan"), Comdisco was charged with, and has
been, liquidating its assets.  Comdisco's consolidated financial
statements are prepared in accordance with ASU 2013-07, Liquidation
Basis of Accounting.  The reporting discloses Comdisco's estimate
of the value of the net assets available in liquidation for the
common stockholders.  The liquidation basis of accounting requires
the Company to estimate net cash flows from operations and to
accrue all costs associated with implementing and completing the
plan of liquidation and requires management to make estimates that
affect the amounts reported in the consolidated financial
statements and the related notes.

As of the quarter ended March 31, 2016, there were approximately
$34,471,000 in total assets, and approximately $16,094,000 in total
liabilities resulting in net assets in liquidation of approximately
$18,377,000.  The net assets in liquidation as of the quarter ended
March 31, 2016 would result in the projected future liquidating
distribution of approximately $4.56 per common share, based on
4,028,951 shares of common stock outstanding on March 31, 2016.
This estimate of the projected future liquidating distribution
includes projections of costs and expenses to be incurred during
the time period estimated to complete the plan of liquidation.
There is inherent uncertainty with these estimates, and they could
change materially based on the timing of the completion of all the
steps necessary for the liquidation.  Actual results could differ
from these estimates and may affect net assets in liquidation and
actual cash flows.

During the period of December 31, 2015 through March 31, 2016, the
Company's estimated net assets in liquidation increased by $16,000.
The reasons for the increase in net assets were primarily a result
of an increase in estimated accrued interest income and
recoveries.

As a result of bankruptcy restructuring transactions, the adoption
of fresh-start reporting, multiple asset sales, and the adoption of
liquidation basis of accounting, Comdisco's financial results are
not comparable to those of its predecessor company, Comdisco, Inc.


                        About Comdisco

Comdisco emerged from Chapter 11 bankruptcy proceedings on August
12, 2002.  The purpose of reorganized Comdisco is to sell, collect
or otherwise reduce to money in an orderly manner the remaining
assets of the corporation.  Pursuant to the Plan and restrictions
contained in its certificate of incorporation, Comdisco is
specifically prohibited from engaging in any business activities
inconsistent with its limited business purpose.  Accordingly, it is
anticipated that Comdisco will have reduced all of its assets to
cash and made distributions of all available cash to holders of its
common stock and contingent distribution rights in the manner and
priorities set forth in the Plan and is projecting no later than
December 31, 2016 as the end date for its wind down of operations.
However, the projected remaining wind down period could be shorter
or longer as a result of other intervening matters not currently
known to management.  The company filed on August 12, 2004 a
Certificate of Dissolution with the Secretary of State of the State
of Delaware to formally extinguish Comdisco Holding Company, Inc.'s
corporate existence with the State of Delaware except for the
purpose of completing the wind down contemplated by the Plan.
Under the Plan, Comdisco was charged with, and has been,
liquidating its assets.  Comdisco consolidated financial statements
are prepared in accordance with ASU 2013-07, Liquidation Basis of
Accounting.


CUI GLOBAL: Incurs $2.66 Million Net Loss in First Quarter
----------------------------------------------------------
CUI Global, Inc., filed with the Securities and Exchange Commission
its quarterly report on Form 10-Q disclosing a net loss of $2.66
million on $20.7 million of total revenues for the three months
ended March 31, 2016, compared to a net loss of $4.07 million on
$16.6 million of total revenues for the same period in 2015.

As of March 31, 2016, the Company had $87.4 million in total
assets, $30.7 million in total liabilities and $56.6 million in
total stockholders' equity.

The earnings before interest, taxes, depreciation and amortization
(EBITDA) for the first quarter were $(1.7) million or $(0.08)
(EBITDA) per share as compared to (EBITDA) of $(3.0) million or
$(0.15) per share for the first quarter 2015.

Operating activities generated negative cash flow of $(0.4) million
during the quarter ended March 31, 2016, versus negative cash flow
of $(1.5) million for the same period in 2015.  The change in cash
from operations is primarily the result of the first quarter net
loss before non-cash expenses offset by changes in assets and
liabilities.

As of March 31, 2016, CUI Global held cash and cash equivalents of
$6.4 million, a decrease of $(0.9) million since Dec. 31, 2015.
Operations, other intangible assets, and equipment, have been
funded through cash on hand during the quarter ended March 31,
2016.

CUI Global's president & CEO, William Clough commented, "First
Quarter of 2016 saw our GasPT analyzer win the contract we have
been pursuing from Snam Rete Gas for more than 4 years.  While we
only delivered 100 units in First Quarter, that contract,
comprising a minimum of more than 3,000 units to be installed
across the largest natural gas pipeline network in Europe,
substantially enhances our credibility; will increase both revenues
and margins; and, most significantly, will lead to further orders
in both Western Europe and North America."

"The award of the SRG contract, along with the 7% reduction in our
SG&A as a percentage of revenues; the increase in our margins; the
more than 20% increase in our revenues; and the 50% increase in our
adjusted EBITDA, all point to the effectiveness of our strategy to
grow the Company and enhance shareholder value.  We are confident
that this growth in revenues; reduction in SG&A; and increase in
profitability will continue throughout the year as more of our
technologies are delivered to SRG and other iconic energy companies
throughout the World," Clough concluded.

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

                     https://is.gd/1USwKV

                       About CUI Global

Tualatin, Ore.-based CUI Global, Inc., formerly known as Waytronx,
Inc., is a platform company dedicated to maximizing shareholder
value through the acquisition, development and commercialization
of new, innovative technologies.

CUI Global reported a net loss of $5.98 million on $86.66 million
of total revenues for the year ended Dec. 31, 2015, compared to a
net loss of $2.80 million on $76.04 million of total revenues for
the year ended Dec. 31, 2014.


DEB STORES: Time to Remove Actions Extended to Aug. 19
------------------------------------------------------
U.S. Bankruptcy Judge Kevin Gross has extended the time within
which Deb Stores may seek removal of the actions pursuant to 28
U.S.C. Sec. 1452 and Bankruptcy Rule 9027 through and including
Aug. 19, 2016.

                         About Deb Stores

Headquartered in Philadelphia, Pennsylvania, Deb Stores is a
mall-based retailer in the juniors "fast-fashion" specialty sector
that operates under the name "DEB" and offers moderately priced,
fashionable, coordinated women's sportswear, dresses, coats,
lingerie, accessories and shoes for junior and plus sizes.  The
company, founded by Philip Rounick and Emma Weiner, opened its
first store under the name JOY Hosiery in Philadelphia,
Pennsylvania in 1932.  As of Sept. 30, 2014, the Company operated a
total of 295 retail store locations (primarily in the East and
Midwest, especially Pennsylvania, Ohio and Michigan) as well as an
e-commerce channel.

On June 26, 2011, Deb Stores' predecessors -- DSI Holdings Inc. and
its subsidiaries -- sought Chapter 11 protection (Bankr. D. Del.
Lead Case No. 11-11941) and closed the sale of the assets three
months later to Ableco Finance, LLC, the agent for the first lien
lenders.

Deb Stores Holding LLC and eight affiliated companies commenced
Chapter 11 bankruptcy cases in Delaware on Dec. 4, 2014.  The
Debtors sought to have their cases jointly administered, with
pleadings maintained on the case docket for Deb Stores Holding
(Case No. 14-12676).  The cases are assigned to Judge Mary F.
Walrath.

Carl D. Neff at Delaware Bankruptcy Litigation reported that by
order dated Dec. 5, 2014, the Debtors' Chapter 11 cases were
consolidated for procedural purposes only and therefore are being
jointly administered pursuant to Bankruptcy Rule 1015(b).

Laura Davis Jones, Esq., Colin R. Robinson, Esq., at and Peter J.
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware, serve as counsel to the Debtors.  Epiq Bankruptcy
Solutions, LLC, is the claims and noticing agent.

As of Dec. 31, 2014, the Debtors' most recent audited consolidated
financial statements reflected assets totaling $90.5 million and
liabilities totaling $120.1 million.

The Official Committee of Unsecured Creditors tapped Cooley LLP as
its lead counsel; Drinker Biddle & Reath LLP as its co-counsel; and
Zolfo Cooper, LLC as its bankruptcy consultants and financial
advisors.


DEJA VU RESTAURANTS: 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 Deja Vu Restaurants, Inc.  

Deja Vu Restaurants, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Tenn. Case No. 16-23386) on April 7,
2016.  The Debtor is represented by Michael Don Harrell, Esq., at
Harrell and Associates.


DRAFT CONTRACTING: U.S. Trustee Unable to Appoint Committee
-----------------------------------------------------------
An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case of Draft Contracting, LLC.

In a May 10 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.

Draft Contracting, LLC sought protection under Chapter 11 of the
Bankruptcy Code in the District of Colorado (Denver) (Case No.
16-12536) on March 22, 2016.  The petition was signed by Pamela
Montoya, managing member.

The Debtor is represented by David Warner, Esq., at Sender
Wasserman Wadsworth, P.C. The case is assigned to Judge Michael E.
Romero.

The Debtor disclosed total assets of $1,500 and total debts of
$1.27 million.


E.H. MITCHELL: Accused of Absolute Priority Rule Violation
----------------------------------------------------------
Reginald J. Laurent asks the U.S. Bankruptcy Court for the Eastern
District of Louisiana to direct E.H. Mitchell & Company, LLC to
show cause why its bankruptcy case should not be dismissed or
converted to Chapter 7.

Mr. Laurent also accuses the Debtor of making unauthorized
distributions in violation of the absolute priority rule, as well
as failing to make the appropriate quarterly distributions.

"If Mitchell's principals continue the unauthorized postpetition
payments of their personal expenses, payment of the administrative
expense claims of Robert Marerro and Richard Martinez will be
delayed unreasonably and unlawfully.  As of October, when the Plan
was confirmed, Marerro is owed $26,368.75 and Martinez is owed
$39,093.25... Earning $14,000 in monthly royalties, Mitchell has
received income of $84,000 since October 2015.  If Mitchell did not
extinguish the administrative expense claims of Marerro and
Martinez in full since October, 2015, the Court should order
Mitchell to show cause why these expenses have not been paid or why
it has been unable to pay these expenses from the royalties
received since October, 2015...  Distributions by Mitchell violates
the absolute priority rule, and monthly distributions for personal
expenses charged to Mitchell's account by Brian Furr and Michael
Furr have resulted in continuing loss to or diminution of the
bankruptcy estate. Under the plan as it exists, payment of
administrative expense claims is subject to the vagary of Brian
Furr and Patricia Furr, who have diminished estate assets
post-petition and will be authorized indefinitely to choose not to
pay the claims." Mr. Laurent avers.

Reginald J. Laurent is represented by:

          Reginald J. Laurent, Esq.
          LAW OFFICE OF REGINALD J. LAURENT
          3277 Pontchartrain Drive
          Slidell, LA 70458
          Telephone: (985)847-1657
          Facsimile: (985)847-2599

                   About E.H. Mitchell & Company

E. H. Mitchell & Company LLC sought protection under Chapter 11 of
the Bankruptcy Code on Oct. 8, 2013, (Case No. 13-12786, Bankr.
E.D. La.).  The case is assigned to Judge Jerry A. Brown.

The petition was signed by Michael Furr, secretary/member.

The Debtor disclosed $300,027,297 in assets and $1,281,148 in
liabilities.

The Debtor is represented by Robert L. Marrero, Esq., at Robert
Marrero, LLC, in New Orleans, Louisiana.

Henry G. Hobbs, Jr., Acting United States Trustee for Region 5,
appointed three members to the official committee of unsecured
creditors.


ECOSPHERE TECHNOLOGIES: Dean Becker Resigns as Director
-------------------------------------------------------
Dean Becker notified Ecosphere Technologies, Inc., of his intention
to resign, effective May 4, 2016, as a director of the Company,
according to a regulatory filing with the Securities and Exchange
Commission.  Mr. Becker's decision was not due to any disagreement
with the Company relating to the Company's operations, policies or
practices.  The non-binding letter of intent under which Mr. Becker
was granted certain mining rights has expired.

                About Ecosphere Technologies

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

Ecosphere reported a net loss of $23.06 million on $721,179 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $11.49 million on $1.11 million of total revenues for the
year ended Dec. 31, 2014.

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

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


ECOSPHERE TECHNOLOGIES: Obtains $429,000 Loan from Brisben Water
----------------------------------------------------------------
As disclosed in a Form 8-K report filed with the Securities and
Exchange Commission, Ecosphere Technologies, Inc., and Brisben
Water Solutions, LLC entered into a loan arrangement on May 4,
2016, pursuant to which the Lender loaned the Company $429,000 in
exchange for a 10% secured convertible promissory note convertible
into shares of common stock of the Company at $0.115 per share.
The loan matures Dec. 15, 2016.

As further consideration for the loan, the Company also issued the
Lender 13,547,826 five-year warrants to purchase shares of the
Company's common stock, exercisable at $0.115 per share.  The
Lender also agreed to extend the maturity of prior loans to the
Company totaling $2,475,000 in principal to Dec. 15, 2016.  In
connection with the foregoing, the Company issued the Lender an
Amended and Restated Note combining the principal amounts of all
the Lender's outstanding loans to the Company.

The obligations under the Note are secured by an Amended and
Restated Security Agreement between the parties.  In addition to
the prior collateral, the collateral securing the Note consists of
the Company's Ozonix patents, except for all agricultural uses.
Previously disclosed provisions pursuant to which, until repayment
of the Note, the Company has agreed to apply certain revenues and
proceeds toward repayment of the Note remain in effect.  

                  About Ecosphere Technologies

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

Ecosphere reported a net loss of $23.06 million on $721,179 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $11.49 million on $1.11 million of total revenues for the
year ended Dec. 31, 2014.

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

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


EMC ACQUISITIONS: Moody's B2 CFR Under Review Amid Buyout
---------------------------------------------------------
Moody's Investors Service has placed the ratings of EMC
Acquisitions, LLC under review for upgrade in connection with the
announcement that EMC signed a definitive agreement to be acquired
by Global Eagle Entertainment, Inc.  Global Eagle will pay $550
million for EMC, and EMC's shareholders will receive $30 million in
cash and 6.6 million shares of GEE stock at closing and another $25
million in 2017, which may be paid in cash or stock at GEE's
election.  Ratings under review include EMC's B2 Corporate Family
Rating, B2-PD Probability of Default rating, its B1 first lien
senior secured revolver and term loan ratings, and its Caa1 second
lien senior secured term loan rating.

On Review for Possible Upgrade:

Issuer: EMC Acquisitions, LLC
  Probability of Default Rating, Placed on Review for Upgrade,
   currently B2-PD
  Corporate Family Rating, Placed on Review for Upgrade, currently

   B2

Issuer: Emerging Markets Communications, LLC
  Senior Secured Bank Credit Facility, Placed on Review for
   Upgrade, currently B1 (LGD3)
  Senior Secured Bank Credit Facility, Placed on Review for
   Upgrade, currently Caa1 (LGD5)

Outlook Actions:

Issuer: EMC Acquisitions, LLC
  Outlook, Changed To Rating Under Review From Stable

Issuer: Emerging Markets Communications, LLC
  Outlook, Changed To Rating Under Review From Stable

                         RATINGS RATIONALE

Moody's review of EMC's ratings will focus on: i) the receipt of
regulatory approvals and any other conditions to the closing of the
merger, and; ii) the final composition and terms of the debt
capital structure upon closing, which is expected to occur in the
third quarter of 2016.  The review will also focus on the strength
of the combined company, which will create a leading provider of
satellite-based communication connectivity and media content
serving key mobility verticals including aviation, maritime and
selected land-based markets.  Moody's expects that the pro-forma
combined company will be meaningfully less leveraged than EMC
currently is on a standalone basis.  Given EMC's merger with the
larger Global Eagle, Moody's expects the combined entity to benefit
as it will grow the existing business to become the largest
content, connectivity & mission-critical services provider to
remote locations, with satellite broadband capabilities across
land, sea, and now air.  Moody's review will also focus on the
pro-forma company's outlook for deleveraging, growth strategies,
free-cash-flow generation capabilities, competitive position,
management composition, and synergy opportunities.

The principal methodology used in these ratings was Global
Telecommunications Industry published in December 2010.



EVANS & SUTHERLAND: Posts $236,000 Net Income for First Quarter
---------------------------------------------------------------
Evans & Sutherland Computer Corporation filed with the Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing net income of $236,000 on $7.90 million of sales for the
three months ended April 1, 2016, compared to net income of
$103,000 on $8 million of sales for the three months ended April 3,
2015.

As of April 1, 2016, Evans & Sutherland had $22.45 million in total
assets, $22.83 million in total liabilities and a total
stockholders' deficit of $385,000.

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

                    https://is.gd/yRbOU0

                  About Evans & Sutherland

Salt Lake City, Utah-based Evans & Sutherland Computer Corporation
in conjunction with its wholly owned subsidiary, Spitz Inc.,
creates innovative digital planetarium systems and cutting-edge,
fulldome show content.  E&S has developed Digistar 5, the world's
leading digital planetarium with fulldome video playback, real-
time computer graphics, and a complete 3D digital astronomy
package fully integrated into a single theater system.  This
technology allows audiences to be immersed in full-color, 3D
computer-generated interactive worlds.  As a full-service system
provider, E&S also offers Spitz domes, hybrid planetarium systems
integrated with Digistar and a full range of theater systems from
audio and lighting to theater automation.  E&S markets include
planetariums, science centers, themed attraction venues, and
premium large-format theaters.  E&S products have been installed
in over 1,300 theaters worldwide.

Evans & Sutherland reported a net loss of $1.27 million on $35.3
million of sales for the year ended Dec. 31, 2015, compared to a
net loss of $1.30 million on $26.5 million of sales for the year
ended Dec. 31, 2014.


FIDELITY & GUARANTY: Fitch Assigns 'BB' LT Issuer Default Ratings
-----------------------------------------------------------------
Fitch Ratings has maintained the ratings of Fidelity & Guaranty
Life and subsidiaries (collectively referred to as F&G Life) on
Rating Watch Evolving. The affected ratings include the 'BBB'
Insurer Financial Strength (IFS) ratings for the life insurance
subsidiaries, Fidelity & Guaranty Life Insurance Co. and Fidelity &
Guaranty Life Insurance Co. of New York, the 'BB' Issuer Default
Rating (IDR) assigned to Fidelity & Guaranty Life Holdings, Inc.,
and the 'BB-' senior unsecured note rating.

KEY RATING DRIVERS

F&G Life's ratings were placed on Rating Watch Evolving on Nov. 9,
2015, following the announcement that the company had agreed to be
acquired by China-based Anbang Insurance Group Co., Ltd. (Anbang)
in an all-cash transaction valued at approximately $1.58 billion.
Progress towards the transaction close is generally proceeding as
planned and is expected to close in the third quarter 2016 subject
to regulatory approvals and satisfaction of other customary closing
conditions.

The Rating Watch Evolving status reflects the uncertain impact of
the proposed change in ownership on F&G Life's ratings. Fitch's
review of the transaction will focus on the impact on F&G Life's
standalone credit profile, the strategic fit of F&G Life within the
Anbang organization, and Anbang's ability and willingness to
provide financial support to F&G Life. Resolution of the Rating
Watch status will be dependent on completion of the deal, though
the direction of the Rating Watch could change in advance of the
close based on Fitch's ongoing review of the transaction.

The purchase of F&G Life by Anbang reflects a broader strategic
initiative by Anbang to expand its life insurance business
internationally. The proposed acquisition of F&G Life represents
Anbang's first entry into the U.S. insurance market.

The deal removes uncertainty over the future ownership of F&G Life
following the parent company HRG's announcement in April 2015 that
it will be exploring strategic alternatives for F&G Life, which may
include a sale of all or part of its approximately 80% ownership
interest.

F&G Life's recent financial performance and balance sheet
fundamentals remain in line with rating expectations. New
Department of Labor (DOL) rules are expected to negatively impact
the sale of fixed indexed annuities (FIAs) in qualified markets.
While Fitch does not see this as an immediate rating issue, the new
DOL rules may cause changes in operating strategies that could
impact F&G Life's risk profile and ratings longer term.

RATING SENSITIVITIES

F&G Life's ratings could be downgraded if the transaction is
completed as planned and Fitch believes the proposed transaction
negatively impacts F&G Life's credit profile.

Conversely, F&G Life's ratings could be upgraded if the transaction
is completed as planned and Fitch believes the proposed transaction
positively impacts F&G Life's credit profile.

Fitch maintains the following ratings on Rating Watch Evolving:

Fidelity & Guaranty Life Insurance Co.
Fidelity & Guaranty Life Insurance Co. of New York
-- IFS rating 'BBB'.

Fidelity & Guaranty Life Holdings, Inc.
-- Long-Term IDR 'BB';
-- Senior unsecured note due April 2021 'BB-'.



FINJAN HOLDINGS: Incurs $1.16 Million Net Loss in First Quarter
---------------------------------------------------------------
Finjan Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $1.16 million on $2.32 million of revenues for the three months
ended March 31, 2016, compared to a net loss of $4.20 million on $0
of revenues for the same period in 2015.

As of March 31, 2016, Finjan Holdings had $8.10 million in total
assets, $2.78 million in total liabilities and $5.32 million in
total stockholders' equity.

"Based on current forecasts and assumptions, the Company believes
that its cash and cash equivalents will be sufficient to meet
anticipated cash needs for working capital and capital expenditures
for at least the next 12 months from the date of filing this
quarterly report.  Such forecasts include approximately $3.7
million of licensing revenue to be received by January 13, 2017
under existing contracts.  

"The Company may, however, encounter unforeseen difficulties that
may deplete its capital resources more rapidly than anticipated.
To insure against any such difficulties, the Company may raise
additional capital to fund licensing and enforcement actions,
planned research and development activities and to better solidify
its financial position.  Any efforts to seek additional funding
could be made through issuances of equity or debt, or other
external financing. However, additional funding may not be
available on favorable terms, or at all.  Further, if the Company
is unable to obtain additional funding on a timely basis, the
Company may be required to curtail or terminate some or all of its
business plans."

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

                     https://is.gd/WeajPW

                         About Finjan

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

Finjan Holdings reported a net loss of $12.6 million in 2015, a
net loss of $10.5 million in 2014 and a net loss of $6.07 million
in 2013.


FIRST DATA: Egan-Jones Hikes FC Sr. Unsecured Rating to B
---------------------------------------------------------
Egan-Jones Ratings Company raised the foreign currency senior
unsecured rating on debt issued by First Data Corp. to B from B- on
May 2, 2016.  EJR also upgraded the foreign currency commercial
paper rating on the Company to B from C.

First Data Corporation offers its clients a range of integrated
solutions in commerce technologies, merchant acquiring, issuing,
and network solutions.


FORESIGHT ENERGY: Amends Transaction Support Pact with Lenders
--------------------------------------------------------------
Foresight Energy LLC and Foresight Energy LP entered into the First
Amendment to Transaction Support Agreement with certain of the
lenders under the Partnership's Second Amended and Restated Credit
Agreement dated as of Aug. 23, 2013, which extended the deadline
for the Partnership to enter into a corresponding transaction
support agreement or similar agreement with holders of at least
66.67% of the principal amount of FELLC's 7.875% Senior Notes due
2021 in support of the proposed restructuring contemplated by the
Support Agreement to May 17, 2016.  The Support Agreement may be
terminated automatically after three business days upon the
Partnership failing to enter into such agreement on or before May
17, 2016.

                    About Foresight Energy

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

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

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

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

                          *     *     *

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

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


FORESIGHT ENERGY: Extends Forbearance Agreement Until May 17
------------------------------------------------------------
Foresight Energy LLC and Foresight Energy Finance Corporation,
together with the Partnership, again extended the term of the
existing forbearance agreement that was entered into on Dec. 18,
2015, with certain holders of the Issuers' 7.875% Senior Notes due
2021.  As a result of the extension, the forbearance period runs
through May 17, 2016, unless further extended by the Consenting
Noteholders in their sole discretion or unless earlier terminated
in accordance with its terms.  

The extension is intended to provide additional opportunity to
engage in discussions and negotiations with the holders of the
Notes and the Partnership's secured lenders, according to a Form
8-K report filed with the Securities and Exchange Commission.

                     About Foresight Energy

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

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

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

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

                          *     *     *

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

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


FOREST PARK FORT WORTH: Court OKs Cash Collateral Use Up To May 15
------------------------------------------------------------------
Judge Russell F. Nelms of the U.S. Bankruptcy Court for the
Northern District of Texas, issued his sixth interim order
authorizing Forest Park Medical Center at Fort Worth, LLC
("Hospital"), to use cash collateral from April 18, 2016 through
May 15, 2016.

Jefe Plover Interests, Ltd. asserted a lien or security interest in
the Hospital's Accounts and the proceeds thereof.  The Hospital
disputed the validity of any such lien or security interest.  The
Hospital sought authority to use cash collateral in which Jefe
Plover asserts an interest.  Forest Park I, LLC and Forest Park II,
LLC ("FP Lenders") asserted a security interest in the Hospital's
inventory.

Judge Nelms found that the use of cash collateral is necessary to
avoid immediate and irreparable harm to the Hospital's bankruptcy
estate.  He authorized the Hospital to operate its business and use
cash collateral to pay expenses in accordance with the Budget.

The Budget provides for total disbursements in the amount of
$344,000 for the week beginning April 18, 2016, $1,051,000 for the
week beginning April 25, 2016, $437,000 for the week beginning May
2, 2016, and $923,000 for the week beginning May 9, 2016.
According to the Budget, the cash collateral will be used to pay
for salaries, benefits, contract labor, supplies, utilities and the
professional fees of physicians, among others.

As adequate protection for any diminution in the value of the
Prepetition Lenders' respective interests in the Prepetition
Lenders' collateral caused  by the use of cash collateral by the
Hospital, Judge Nelms granted each of the Prepetition Lenders new,
first-priority liens and security interests upon all categories of
property of the Hospital, upon which any of the Prepetition Lenders
held valid, perfected prepetition liens and security interests as
of the petition date and all proceeds, rents, products or profits
thereof.

A full-text copy of the Sixth Interim Order, dated April 15, 2016,
is available at http://is.gd/Pfj80D

                     About Forest Park Medical

Forest Park Medical Center at Fort Worth, LLC is a doctor-owned
Texas limited liability company that owns and operates the Forest
Park Medical Center, a state of the art medical facility,
including
private rooms, family suites and intensive care rooms located in
West Fort Worth, Texas.  The hospital employs 175 persons on a
full-time or part-time basis.  The hospital offers a broad range
of
surgical services.

Forest Park Medical Center at Fort Worth filed a Chapter 11
bankruptcy petition (Bankr. N.D. Tex. Case No. 16-40198) in Ft.
Worth, Texas, on Jan. 10, 2016.  Judge Russell F. Nelms presides
over the case.

The Debtor estimated assets of $10 million to $50 million and debt
of $50 million to $100 million.

J. Robert Forshey, Esq., and Jeff P. Prostok, Esq., at Forshey &
Prostok, LLP, serve as the Debtor's Chapter 11 counsel.  Ronald
Winters at Alvarez & Marsal Healthcare Industry Group, LLC serves
as the Debtor's CRO.  The Debtor tapped SSG Advisors, LLC and
Chiron Financial Group, Inc. as co-investment bankers.

Vibrant Healthcare Fort Worth, LLC and FPMC Services, LLC run the
Debtor's hospital in Forth Worth.  Vibrant is the manager of the
hospital operations of Debtor, and FPMC Services employs the
employees at Debtor's hospital and those dedicated to servicing
the
hospital's "back office" operations.  They are represented by
William A. Brewer III, Esq., Michael J. Collins, Esq., and Robert
M. Millimet, Esq., at Brewer, Attorneys & Counselors.

An Official Committee of Unsecured Creditors has been appointed in
this case by the United States Trustee, and is represented by Cole
Schotz PC and Arent Fox, LLP lawyers.


FPMC FORT WORTH: Court Approves May 12 Auction for Assets
---------------------------------------------------------
FPMC Fort Worth Realty Partners, LP, sought and obtained from Mark
X. Mullin of the U.S. Bankruptcy Court for the Northern District of
Texas, Fort Worth Division, approval of the bid procedures for the
sale of the Debtor's real estate and certain executory contracts
and unexpired leases.

The approved Bid Procedures contain, among others, these relevant
terms:

     (a) Assets to be Sold: The assets to be sold consist of the
real estate comprising the Forest Park Medical Center of Fort
Worth, which includes, among other things, a hospital building, a
medical office building, and a parking garage in addition to
certain executory contracts and unexpired leases to which the
Debtor is a party ("Property").  Except for the Permitted
Exceptions and the Assumed Liabilities, the Property will be sold
free and clear of all liens, claims, interests, and encumbrances to
the fullest extent allowed under Section 363(f) of the Bankruptcy
Code.  The Property is being sold on an AS-IS, WHERE-IS basis.

     (b) Qualified Bid Deposit:  A Qualified Bidder must make a
deposit in an amount equal to $2,240,000, made by cashier's check
or by wire transfer of immediately available funds to an account
designated by the Debtor.

     (c) Bid Deadline:  All Bid Packages must be submitted so as to
be received not later than 5:00 p.m. on May 10, 2016.

     (d) Auction Date:  The Debtor will conduct an auction on May
12, 2016 at 9:30 a.m.

     (e) Sale Hearing:  The hearing to consider approval of the
Sale is scheduled for May 19, 2016 at 2:30 p.m.

     (f) Objection Deadline: Responses or objections to the
approval of the sale will be filed so as to be received no later
than May 17, 2016 at 4:00 p.m.

The Debtor entered into a Purchase and Sale Agreement with Texas
Health Resources ("Purchaser").  

"Under the Purchase Agreement, all of the Debtor's real property
leases for both the hospital and the medical office building and
any underlying guarantees will be assumed and assigned to the
Purchaser.  Notwithstanding, the Debtor is not transferring to the
Purchaser, and the Purchaser is not acquiring from the Debtor, any
and all claims that the Debtor holds against Forest Park Medical
Center at Fort Worth LLC ("Hospital Operating Company") for unpaid
rents due and owing to the Debtor from prior to the effective Date,
and the Debtor will retain all right, title, and interest in any
such rents that were due and owing to the Debtor from the Hospital
Operating Company from prior to the Effective Date.  While the
Debtor retains its claims against the Hospital Operating Company
under the Purchase Agreement, the Purchase Agreement also provides
that the Debtor will release those claims at Closing if the
Hospital Operating Company executes a mutual release with the
Debtor in which both the Debtor and the Hospital Operating Company
release one another and each other's affiliates and representatives
of any and all claims and causes of action relating to the Hospital
Operating Company Leases that either the Debtor or the Hospital
Operating Company may hold against the other," the Debtor averred.

Judge Mullin approved Texas Health Resources as the stalking horse
bidder.

                        Limited Objections

Forest Park Medical Center at Fort Worth, LLC and the Official
Committee of Unsecured Creditors of Forest Park Medical Center at
Fort Worth, LLC objected to the Bid Procedures and the Bid
Procedures Order to the extent that they would preclude the
participation of other suitors interested in acquiring the entire
Hospital, because they do not meet a certain threshold cash price,
even though such offers may provide a greater value to the Debtor's
estate by significantly reducing the Debtor's litigation risk and
avoiding a potential substantial contribution claim by Forest Park
Medical Center at Fort Worth, LLC.

Methodist Hospitals of Dallas d/b/a Methodist Health System related
that it executed an exclusive letter of intent that provides the
Debtor with significant cash and non-cash consideration
commensurate with, and superior to, the value of Texas Health
Resources' ("THR") proposed stalking horse bid.  Methodist further
related that its bid constitutes a better offer than THR's bid
because, in addition to significant cash consideration sufficient
to satisfy all of the Debtor's creditor claims, and provide a
substantial recovery to equity, it involves the purchase of
substantially all of the assets of Forest Park Medical Center at
Fort Worth, LLC ("OpCo"), including relief of OpCo's capital lease
obligations, and provides for a release of OpCo's significant
claims and causes of action against the Debtor.

"Nevertheless, in opting to breach the LOI in favor of THR's bid,
the Debtor has substituted the certainty associated with
Methodist's bid - a consensual resolution for all parties involved
in both the Debtor and OpCo's cases - for extensive and burdensome
litigation for the Debtor's estate, under the questionable premise
that more money for its equity is highest and best... In an effort
to ensure that the Debtor does not chill bidding, therefore handing
its assets to THR without an auction, Methodist submits that the
proposed Bid Procedures should be modified to allow for submission
of bids that include cash and non-cash consideration, including,
without limitation, releases of claims against the Debtor,"
Methodist contended.

FPMC Fort Worth Realty Partners, LP, is represented by:

          Melissa S. Hayward, Esq.
          Julian P. Vasek, Esq.
          FRANKLIN HAYWARD LLP
          10501 N. Central Expy, Suite 106
          Dallas, TX 75231
          Telephone: (972)755-7100
          Facsimile: (972)755-7110
          E-mail: MHayward@FranklinHayward.com
                  Jvasek@FranklinHayward.com

Forest Part Medical Center at Fort Worth, LLC, is represented by:

          J. Robert Forshey, Esq.
          Jeff P. Prostok, Esq.
          FORSHEY & PROSTOK LLP
          777 Main St., Suite 1290
          Ft. Worth, TX 76102
          Telephone: (817)877-8855
          Facsimile: (817)877-4151
          E-mail: bforshey@forsheyprostok.com
                 jprostok@forsheyprostok.com

The Official Committee of Unsecured Creditors of Forest Park
Medical Center at Fort Worth, LLC is represented by:

          Michael D. Warner, Esq.
          COLE SCHOTZ P.C.
          301 Commerce Street
          Suite 1700
          Fort Worth, TX 76102
          Telephone: (817)810-5350
          Facsimile: (817)810-5355
          E-mail: mwarner@coleschotz.com

                   - and -

          Robert M. Hirsh, Esq.
          George P. Angelich, Esq.
          ARENT FOX LLP
          1675 Broadway
          New York, NY 10019
          Telephone: (212)484-3900
          Facsimile: (212)484-3990
          E-mail: robert.hirsh@arentfox.com
                  george.angelich@arentfox.com

The Methodist Hospitals of Dallas d/b/a Methodist Health System is
represented by:

          Kristian W. Gluck, Esq.
          Ryan E. Manns, Esq.
          NORTON ROSE FULBRIGHT US LLP
          2200 Ross Avenue, Suite 3600
          Dallas, TX 75220
          Telephone: (214)855-8000
          Facsimile: (214)855-8200
          E-mail: kristian.gluck@nortonrosefulbright.com
                  ryan.manns@nortonrosefulbright.com

                      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, manager of Neal Richards
Group Forest Park Development LLC, its general partner.  Franklin
Hayward LLP represents the Debtor as counsel.  The Hon. Mark X.
Mullin is the case judge.


GOODYEAR TIRE: Fitch Assigns 'BB/RR4' Rating to Notes Due 2026
--------------------------------------------------------------
Fitch Ratings has assigned a rating of 'BB/RR4' to The Goodyear
Tire & Rubber Company's (GT) proposed issuance of $900 million in
senior unsecured notes due 2026. GT's Issuer Default Rating (IDR)
is 'BB', and the Rating Outlook is Stable.

The proposed notes will be guaranteed on a senior unsecured basis
by GT's U.S. and Canadian subsidiaries that also guarantee GT's
secured credit facilities and its other senior unsecured notes.
Proceeds from the proposed notes will be primarily used to redeem
in full GT's existing $900 million of 6.5% senior unsecured notes
due 2021, which became callable on March 1, 2016. By refinancing
the 6.5% notes, GT will likely be able to take advantage of
favorable credit market conditions to lower its cost of debt, while
shifting the maturity about five years further into the future.

KEY RATING DRIVERS

GT's ratings reflect the tire manufacturer's strengthened credit
profile, which has been driven by significantly improved
profitability and free cash flow (FCF) that the company has used to
reduce debt. GT's focus on high value added (HVA) tires and its
global cost reduction initiatives have resulted in substantial
margin growth and higher operating income over the past year, even
as global tire volume growth has been in the low-single digit
range. GT's market position remains strong as the third-largest
global tire manufacturer overall and the top manufacturer of
consumer replacement tires in the U.S. Fitch expects credit metrics
to strengthen over the intermediate term as the company continues
to look for further opportunities to use FCF to strengthen its
balance sheet.

Fitch's primary rating concerns for GT remain the heavy competition
in the global tire industry, rising industry capacity and the
industry's sensitivity to commodity prices, particularly to
petroleum products and natural rubber. Fitch expects global
industry capacity will continue to grow, including when GT's new
Americas plant opens next year. Several competitors have opened
plants in North America over the past five years and more capacity
has been added in emerging markets. Mitigating this concern is the
capacity-intensive nature of HVA tire manufacturing, especially for
light truck and SUV HVA tires, which limits the number of HVA tires
that can be manufactured with a given amount of capacity. GT has
also noted that its capacity is constrained on some of its popular
tires, and it needs the new Americas plant to meet demand.

Low commodity prices have contributed to GT's strong profit growth
over the past year, as substantially lower raw material costs have
more-than-offset the effect of reduced commodity pass-through
charges on the company's revenue. Although commodity prices are
likely to rise somewhat over the next several years, Fitch expects
them to remain relatively low by historical standards. However, an
unexpected sharp increase in the cost of oil or natural rubber
could pressure GT's margins. The company has historically been
successful in offsetting higher commodity prices with increased
tire pricing, but heightened industry competition could limit GT's
pricing flexibility in the future.

Fitch generally expects GT's credit protection metrics to
strengthen over the intermediate term as overall tire demand grows
along with the global car parc, particularly in emerging markets,
and as the company continues to work on improving its cost
structure. Fitch expects leverage to decline over the intermediate
term as GT's earnings rise and as it continues to reduce debt.
Fitch also expects reduced variability in the company's quarterly
cash flows over time as it focuses on working capital management.

As of March 31, 2016, GT's debt totaled $6.1 billion, and last 12
months (LTM) Fitch-calculated EBITDA was $2.5 billion, leading to
Fitch-calculated leverage (debt/Fitch-calculated EBITDA) of 2.4x.
FFO adjusted leverage was 3.7x, and GT's EBITDA margin was 15.8%.
Fitch-calculated free cash flow (FCF) in the LTM ended March 31,
2016 was $444 million, leading to a FCF margin of 2.8%. Liquidity
totaled $2.3 billion, including $1.1 billion in cash and $1.2
billion in combined availability on the company's U.S. and European
revolvers. In addition to the amounts available on its primary U.S.
and European revolvers, GT also had another $803 million available
on various foreign and domestic facilities.

Consistent with many U.S. industrials with global operations, the
majority of GT's debt has been issued in the U.S., but 55% of the
company's 2015 revenue was generated in other countries. Also, 77%
of the company's consolidated cash, or $831 million, was located at
non-guarantor subsidiaries outside the U.S. at March 31, 2016.
Fitch views the mismatch between cash and debt as a risk that could
lead to higher leverage if the company has difficulty repatriating
its foreign cash.

KEY ASSUMPTIONS

-- Global tire industry demand grows modestly over the
    intermediate term, but it remains weak in Latin America.
-- Near-term revenue is negatively affected by the strong U.S.
    dollar and low commodity prices, but the effect is less
    pronounced than in 2015.
-- Capital spending runs at about $1.1 billion annually over the
    intermediate term as the company invests in growth
    initiatives, including its new Americas plant.
-- Dividends remain relatively modest, but they rise over the
    intermediate term.
-- Cash pension contributions run in the $50 million to $75
    million range over the intermediate term.
-- The company generally maintains between $1.5 billion and $2
    billion in cash, with excess cash used for share repurchases.
-- The company continues to look for opportunities to reduce
    debt.

RATING SENSITIVITIES

Positive: Future developments that may, individually or
collectively, lead to a positive rating action include:

-- Demonstrating continued growth in tire unit volumes, market
    share and pricing;
-- Maintaining 12-month FCF margins of 4% or better for an
    extended period;
-- Generating sustained gross EBITDA margins of 12% or higher;
-- Maintaining leverage near 2.0x for an extended period;
-- Maintaining FFO adjusted leverage near 3.0x for an extended
    period.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:

-- A significant step-down in demand for the company's tires
    without a commensurate decrease in costs;
-- An unexpected increase in costs, particularly related to raw
    materials, that cannot be offset with higher pricing;
-- A decline in the company's cash below $1.3 billion for several

    quarters;
-- A decline in 12-month FCF margins to below 2% for a prolonged
    period;
-- An increase in gross EBITDA leverage to above 3.0x for a
    sustained period;
-- An increase in FFO adjusted leverage to above 4.0x for a
    sustained period.

Fitch rates GT and its Goodyear Dunlop Tires Europe B.V. (GDTE)
subsidiary as follows:

GT
-- IDR 'BB';
-- Secured bank credit facility 'BB+/RR1';
-- Secured second-lien term loan 'BB+/RR1';
-- Senior unsecured notes 'BB/RR4'.

GDTE
-- IDR 'BB';
-- Secured bank credit facility 'BB+/RR1';
-- Senior unsecured notes 'BB/RR2'.

The Rating Outlook for GT and GDTE is Stable.



H. KREVIT: Court OKs Continued DIP Financing from ACM
-----------------------------------------------------
Judge Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut issued her final order authorizing H.
Krevit and Company, Incorporated, et al., to continue their
secured, superpriority postpetition financing ("DIP Facility") on
essentially the same terms and conditions previously authorized by
the Court in its Final Order entered Dec. 23, 2015.

The DIP Facility consisted of a $1.5 million revolving credit
facility which the Debtors obtained from ACM Business Solutions,
LLC.

The proceeds of the DIP Facility is to be used solely for: (1)
working capital and other general corporate purposes; (2) permitted
payment of costs of administration of the Cases; (3) payment of
fees and expenses due under the DIP Facility; and (4) payment of
such prepetition expenses, in addition to the Prepetition
Obligations permitted to be so paid in accordance with the consents
required under the DIP Documents, as approved by the Court.

The IRS, Prepetition Senior Lender, the Prepetition Junior Lenders,
DECD, and Direct Capital are entitled to receive the following as
adequate protection:

     (i) The Prepetition Senior Lender will receive adequate
protection liens and superpriority claims;

    (ii) The Prepetition Junior Lenders will receive adequate
protection liens;

   (iii) The IRS, DECD and Direct Capital will receive adequate
protection liens to the extent they had valid and properly
perfected liens in the Prepetition Collateral; and
     (iv) the IRS will receive adequate protection payments in the
amount of $8,000 monthly from the Debtors during the term of the
Final Order.

The Court authorized the Debtors, upon the entry of the Final Order
and through and included March 25, 2016, to request extensions of
credit under the DIP Facility, in the form of loans, of up to an
aggregate principal amount not to exceed $1.5 million at any one
time outstanding.

The Court held that the Prepetition Senior Liens, Prepetition
Junior Liens, DECD Liens, the Adex Lien, and the Direct Capital
Liens as well as the DIP Liens, DIP Superpriority Claims, Adequate
Protection Liens, and Adequate Protection Superpriority Claims
granted pursuant to the Final Order will all be subject and
subordinate in lien, payment and priority to the amounts payable by
the Debtors on account of the Carve Out.

The Carve-Out encompasses these expenses:

     (i) allowed fees and reimbursement for disbursements of
professionals retained by the Debtors in an aggregate amount for
all such Professional Fees not to exceed $100,000, plus an
additional amount for the Debtors' environmental consultant in an
amount not to exceed $7,500;

     (ii) allowed fees and reimbursement for disbursements of
professionals retained by the Statutory Committee in an aggregate
amount of all such Committee's Professional Fees not to exceed
$150,000;

    (iii) quarterly fees pursuant to 28 U.S.C. Section 1930(a)(6)
and any fees payable to the clerk of the Bankruptcy Court; and

     (iv) amounts due and owing to the Debtors' employees for
post-petition wages.

A full-text copy of the Final Order dated Feb. 29, 2016, is
available at http://is.gd/zqMQgh

                    About H. Krevit and Company

H. Krevit and Company, Incorporated is a manufacturer and
distributor of various inorganic chemicals, including sodium
hypochlorite (bleach), hydrochloric acid, and sodium hydroxide
(caustic soda). Krevit was established in 1919 and is the oldest
manufacturer of sodium hypochlorite in the United States.

GreenChlor, Inc. is the owner and operator of a chlor-alkali
manufacturing facility in New Haven, Connecticut and Krevit, which
owns 80% of GreenChlor, is its sole customer.  GCTR Realty, LLC
("GCTR") owns the real property located at 71-73 Welton Street,
New
Haven, Connecticut.  Trucking, LLC ("HKC Trucking") is the owner
of
a fleet of Volvo tractors which are used by Krevit in the
operation
of Krevit's business.

H. Krevit and Company and its three affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Conn. Case Nos. 15-31904 to
15-31907) on Nov. 19, 2015, with plans to effectuate a sale of the
assets as a going concern.

The petitions were signed by Thomas S. Ross as president.  Judge
Julie A. Manning has been assigned the cases.

AJM Industries LLC ("AJM") is the Debtors' primary secured
creditor.  As of the Petition Date, AJM held claims against the
Debtors in the aggregate amount of $19,838,168.  AJM's claims are
secured by liens on substantially all of the Debtors' assets
having
priority, with limited exceptions, ahead of all other claims,
liens, interests and encumbrances.

Rogin Nassau LLC serves as counsel to the Debtors.  The Debtors
tapped TrueNorth Capital Partners LLC to act as investment banker
in selling their assets.

The Office of the U.S. Trustee appointed five creditors to the
official committee of unsecured creditors.  Timothy S. Ponsler at
Olin Chlor Alkali Products Division; and Anthony Bellucci at
Hamilton Connections, are Co-Chairs of the Official Committee of
Unsecured Creditors.  Polsinelli PC serves as lead counsel to the
Committee, and Finn Dixon & Herling LLP serves as local counsel.


HONEY BEE USA: Arranges $21.5-Mil. DIP Financing from Avatar
------------------------------------------------------------
Honey Bee USA, Inc., asks the U.S. Bankruptcy Court for the
District of Hawaii, for authorization to obtain final post-petition
financing on a secured and superpriority basis ("DIP Financing")
from Avatar Financial Group.

The relevant terms of the proposed DIP Financing are:

     (a) Loan Amount: $21,500,000

     (b) Use of Proceeds: The loan/capital will be used to pay
arrears outstanding under the Debtor's 65 year ground lease with
the DLNR and construction costs.

     (c) Interest Rate: Simple interest at market rates at
closing.

     (d) Funding Date: 30 days from the due diligence date.

     (e) Maturity: One year

     (f) Due Diligence: Deadline of May 13, 2016

     (g) Events of Default: Customary defaults including, (1)
failure to pay principal, interest, fees and expenses when due; (2)
violation of covenants; (3) change of control; (4) dismissal or
conversion of the Borrower's Chapter 11 Case; (5) appointment of a
chapter 11 trustee; (6) granting of relief from automatic stay to
permit foreclosure on or exercise any other remedies with respect
to any collateral.

The Debtor contends that the terms offered by Avatar Financial
Group are the best terms that the Debtor has been able to negotiate
in its discussion with potential sources of DIP Financing.

The Debtor's Motion is scheduled for hearing on May 16, 2016 at
2:00 p.m.

Honey Bee USA, Inc., is represented by:

          Chuck C. Choi, Esq.
          Allison A. Ito, Esq.
          WAGNER CHOI & VERBRUGGE
          745 Fort Street, Suite 1900
          Honolulu, HI 96813
          Telephone: (808)533-1877
          Facsimile: (808)566-6900
          E-mail: cchoi@hibklaw.com
                  aito@hibklaw.com


HUTCHESON MEDICAL: Court Grants Regions Bank Limited Stay Relief
----------------------------------------------------------------
Regions Bank sought and obtained from Judge Paul W. Bonapfel of the
U.S. Bankruptcy Court for the Northern District of Georgia, Rome
Division, an order granting limited relief from the automatic
stay.

Regions Bank sought relief from the automatic stay in respect of
the Leased Property and Debtor Hutcheson Medical Center, Inc.'s
("HMC") Leasehold Interest in the Leased Property so that it can
enforce its remedies under the Authority Security Deed, the HMC
Lease Agreement, and applicable non-bankruptcy law.

HMC was indebted to Regions in the amount of $26,263,448 ("Regions
Claim").  The Regions Claim is secured by, among other things, a
lien on certain real property that is owned by The Hospital
Authority for Walker, Dade and Catoosa Counties ("Authority"), and
is leased ("Leased Property") to HMC pursuant to a Ground Lease.
HMC assigned its rights, title and interests under the Ground Lease
("Leasehold Interest") to Regions as collateral for the Regions
Claim.  The Authority also pledged its fee interest in the Leased
Property as collateral for the Regions Claim.

Regions Bank averred that HMC has no equity in either the Leased
Property or its Leasehold Interest in the Leased Property.  It
further averred that the Leased Property and HMC's Leasehold
Interest are also unnecessary for an effective reorganization and
has no value to the Debtors' estates.  Regions Bank argued that its
interests in the Leased Property and HMC's Leasehold Interest are
not being adequately protected, insomuch as the values have
declined since the Petition Date and continue to decline.

Judge Bonapfel modified the automatic stay to allow Regions Bank to
commence non-judicial foreclosure proceedings with respect to the
Leasehold Property and the Leasehold Interest.  Judge Bonapfel
ordered Regions Bank not to conduct a foreclosure sale of the
Leased Property and the Leasehold Interest unless the Court has
granted the Stay Relief Motion by separate order prior to the date
of such foreclosure sale.

Regions Bank is represented by:

          Erich N. Durlacher, Esq.
          BURR & FORMAN LLP
          Suite 1100, 171 Seventeenth Street, N.W.
          Atlanta, GA 30363
          Telephone: (404)685-4313
          Facsimile: (404)214-7387
          E-mail: edurlacher@burr.com

                 - and -

          David E. Lemke, Esq.
          WALLER LANSDEN DORTCH & DAVIS, LLP
          Suite 2700 511 Union Street
          Nashville, TN 37219
          Telephone: (615)224-6380
          Facsimile: (615)224-6380
          E-mail: david.lemke@wallerlaw.com

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center
from
The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and
14-42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are
jointly administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.
The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.


HUTCHESON MEDICAL: DIP Facility Commitment Increased by $1-Mil.
---------------------------------------------------------------
Ronald L. Glass, Chapter 11 Trustee of Hutcheson Medical Center,
Inc. sought and obtained from Judge Paul W. Bonapfel, of the U.S.
Bankruptcy Court for the Northern District of Georgia, Rome
Division, authorization to amend Debtor-in-Possession Loan
Documents, which the Court had approved in its Final Order.

Mr. Glass asked the Court to increase the amounts available under
the DIP Facility by $1 million, for a total commitment of $2.6
million.  The $1 million commitment increase is the only change to
the DIP Loan documents and all other terms remained the same.

ValorBridge Partners, LLC, anticipates closing to occur on or
around the end of April 2016.  To successfully bridge the
Hospital's operations to Closing, Hutcheson requires an additional
$1 million from ValorBridge under the DIP Facility, bringing the
total availability under the DIP Order to $2.6 million.

"The need for additional financing is due solely to certain
unforeseen delays in billing—that is, timing in the Hospital's
revenue cycle," Mr. Glass contends.

Ronald L. Glass, Chapter 11 Trustee, is represented by:

          J. Robert Williamson, Esq.
          Ashley Reynolds Rey, Esq.
          J. Hayden Kepner, Jr., Esq.
          SCROGGINS & WILLIAMSON, P.C.
          One Riverside
          4401 Northside Parkway
          Suite 450
          Atlanta, GA 30327
          Telephone: (404)893-3880
          Facsimile: (404)893-3886
          E-mail: rwilliamson@swlawfirm.com
                  aray@swlawfirm.com
                  hkepner@swlawfirm.com

                  About Hutcheson Medical Center

Hutcheson Medical Center, Inc., operates the 179-bed hospital and
related ancillary facilities, including, without limitation, a
skilled nursing home and an ambulatory surgery center, located in
Ft. Oglethorpe, Georgia, known as Hutcheson Medical Center.  HMC
leases the land and buildings that comprise the Medical Center
from
The Hospital Authority of Walker, Dade and Catoosa Counties.

HMC and Hutcheson Medical Division, Inc., sought Chapter 11
bankruptcy protection (Bankr. N.D. Ga. Case No. 14-42863 and
14-42864) in Rome, Georgia, on Nov. 20, 2014.  The cases are
jointly administered under Case No. 14-42863.

The cases have been assigned to the Honorable Paul W. Bonapfel.
The Debtors are represented by Ashley Reynolds Ray, Esq., and J.
Robert Williamson, Esq., at Scroggins and Williamson, in Atlanta,
Georgia.

HMC disclosed $32.8 million in assets and $52.9 million in
liabilities as of the Chapter 11 filing.


ICON HEALTH: Moody's Confirms B3 CFR; Outlook Negative
------------------------------------------------------
Moody's Investors Service confirmed ICON Health & Fitness, Inc.'s
(ICON) ratings, including the B3 Corporate Family Rating, due to
its operating performance and credit metric improvements.  The
rating outlook is negative.  These actions conclude the review for
downgrade that was initiated on Feb. 16, 2016.

The ratings confirmation reflects the company's improved operating
performance and credit metrics over the last couple of years.  For
instance, leverage as measured by debt/EBITDA is roughly 4.0 times
down from over 5 times a year ago and from over 8 times three years
ago.

"The rating outlook however is negative to reflect the uncertainty
and risks associated with the company's ability to refinance its
very near approaching debt maturities," said Kevin Cassidy, Senior
Credit Officer, at Moody's Investors Service.

Although Moody's expects ICON to generate modest EBITDA growth and
positive free cash flow during the second half of 2016, given the
company's cash position, the rating agency does not expect the
company to be able to repay the debt likely coming due within the
next few months--roughly $230 million was outstanding as of
Feb. 27, 2016.  This amount includes borrowings under the company's
ABL facility ($55 million as of February that expires on July 10,
2020 and $175 million of 11.875% notes that mature on Oct. 15,
2016.  The expiration of the ABL facility, however, accelerates if
the 11.875% bond is not fully repaid, redeemed or discharged before
July 15, 2016.  The ratings will likely be downgraded if the
company does not make substantial progress towards refinancing the
notes in the next month or two.

Ratings confirmed:
  Corporate Family Rating at B3;
  Probability of Default Rating at B3-PD;
  $175 million outstanding secured notes at Caa1 (LGD4);
Outlook is negative.

RATINGS RATIONALE

ICON's B3 CFR reflects, its narrow business focus on home fitness
equipment, low margins and weak free cash flow.  ICON's scale is
modest relative to other rated consumer durable companies and
revenue is concentrated in North America, but the company has a
leading market position and good brands such as NordicTrack.  Sales
are dependent on cyclical discretionary consumer spending on big
ticket fitness equipment.  Products are available in a variety of
channels including department stores, warehouse, mass, and sporting
goods retailers as well as direct online.  However, there is
significant concentration within several large distributors that
can exert meaningful influence over the availability, marketing,
pricing and inventory levels of ICON's products.  ICON's efforts to
diversify distribution partners such as Amazon and additional
online direct to consumer business, and develop new services such
as iFit are partially mitigating lower sales at the company's
largest customer, Sears.

The negative outlook reflects the uncertainty about how the company
will address the significant debt maturities.

Failure to refinance the upcoming debt maturities in the near term
will likely result in a downgrade.  Longer term, a downgrade could
also occur if ICON's operating performance deteriorates for any
reason resulting in debt/EBITDA sustained over 6 times and low
single digit EBIT margins.

An upgrade is unlikely in the near term given the approaching
maturity dates.  If the company were to resolve the uncertainty
over its debt maturities, ratings could be upgraded if on a
sustained basis the company is able to improve EBITDA, increase its
EBITDA margin toward 10% and generate positive free cash flow.

The principal methodology used in this rating was Consumer Durables
Industry published in September 2014.

Headquartered in Logan, Utah, ICON manufactures, markets and
distributes a broad line of products in the home fitness equipment
market including cardiovascular equipment (79% of fiscal 2014
revenue), strength training equipment (18%) and equipment service
products (3%).  Products/services are offered under brands such as
NordicTrack, Proform, Health Rider, Weslo, Altra and iFit as well
as licenses with Gold's Gym, Jilian Michaels, Weider and Reebok.
ICON generated approximately $825 million of revenue in the 12
months ended February 2016.



IDERA PHARMACEUTICALS: Incurs $12.8 Million Net Loss in Q1
----------------------------------------------------------
Idera Pharmaceuticals, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $12.8 million on $294,000 of alliance revenue for the three
months ended March 31, 2016, compared to a net loss of $12.5
million on $34,000 of alliance revenue for the same period in
2015.

As of March 31, 2016, Idera had $79.3 million in total assets,
$6.64 million in total liabilities, and $72.7 million in total
stockholders' equity.

As of March 31, 2016, the Company had approximately $74.1 million
in cash, cash equivalents and investments, a net decrease of
approximately $13.04 million from Dec. 31, 2015.  Net cash used in
operating activities totaled $12,855,000 during the three months
ended March 31, 2016, reflecting our $12.8 million net loss, as
adjusted for non-cash income and expenses, including stock-based
compensation, depreciation and amortization expense and accretion
of investment premiums.  Net cash used in operating activities also
reflects changes in our prepaid expenses, accounts payable, accrued
expenses and other liabilities and the recognition of deferred
revenue.

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

                    https://is.gd/2knQxk

                         About Idera

Cambridge, Massachusetts-based Idera Pharmaceuticals, Inc., is a
clinical stage biotechnology company engaged in the discovery and
development of novel synthetic DNA- and RNA-based drug candidates
that are designed to modulate immune responses mediated through
Toll-like Receptors, or TLRs.  The Company has two drug
candidates, IMO-3100, a TLR7 and TLR9 antagonist, and IMO-8400, a
TLR7, TLR8, and TLR9 antagonist, in clinical development for the
treatment of autoimmune and inflammatory diseases.

Idera Pharmaceuticals reported a net loss attributable to common
stockholders of $39.2 million in 2014, a net loss applicable to
common stockholders of $21.09 million in 2013 and a net loss
applicable to common stockholders of $22.5 million in 2012.


INMOBILIARIA BAFCO: Granted Approval to Use Cash Collateral
-----------------------------------------------------------
Inmobiliaria Bafco, Inc., asked the U.S. Bankruptcy Court for the
District of Puerto Rico, authorization to use cash collateral.

The Debtor related that its main business is the lease of
commercial real estate located at Metro Office Park, Calle 2 #14,
Guaynabo, Puerto Rico.  The Debtor further related that it had
entered into several financial obligations with Westernbank Puerto
Rico, now Banco Popular de Puerto Rico ("BPPR").  The Debtor added
that these financial obligations are secured with liens over the
real estate property.

The Debtor told the Court that it also executed an assignment of
rents as additional collateral in favor of BPPR.  It further told
the Court that it is currently leasing the real estate property to
various entities.  The Debtor averred that majority of its tenants
make direct deposits of their rents to its account at BPPR.

The Debtor requested the Court to authorize it to use the cash
collateral in order to be able to continue operations, maintain the
real estate property and leases, to preserve the opportunity to
reorganize, pay the employees, taxes, bankruptcy professionals and
other related expenses.

The Debtor asked the Court to allow the interim use of the cash
collateral in order to pay the immediate expenses until April 30,
2016, and to schedule a hearing on a request for a permanent order
authorizing use of cash collateral in the ordinary course of the
Debtor's business until confirmation of the plan of reorganization
pursuant to the monthly budget.

Judge Mildred Caban Flores granted the Debtor's Motion, provided
that no opposition would be filed by May 2, 2016.  Judge Flores
held that if an objection is timely filed, a hearing on the matter
would be scheduled on May 10, 2016.

Inmobiliaria Bafco, Inc., is represented by:

          Carmen D. Conde Torres, Esq.
          Luisa S. Valle Castro, Esq.
          C. CONDE & ASSOC.
          254 San José Street, 5th Floor
          Old San Juan, PR 00901
          Telephone: (787)729-2900
          Facsimile: (787)729-2203
          E-mail: ls.valle@condelaw.com

                     About Inmobiliaria Bafco

Inmobiliaria Bafco, Inc., a single asset real estate, filed a
Chapter 11 bankruptcy petition (Bankr. D.P.R. Case No. 16-02642) on
April 4, 2016.   Fernando Batlle, president, signed the petition.
The Debtor listed total assets of $13.4 million and total debt of
$12.05 million.  Judge Mildred Caban Flores is
assigned to the case.


LATTICE INC: Settles Arbitration Case with GTL
----------------------------------------------
As previously disclosed by Lattice Incorporated, on June 26, 2015,
Global Tel*Link Corporation filed an arbitration claim against the
Company with JAMS pursuant to a Master Services Agreement between
the Company and a predecessor to GTL, dated Dec. 31, 2008.  GTL
alleged that the Company breached the MSA and that the Company owes
GTL approximately $2.9 million, including interest.

On April 29, 2016, the Company and GTL entered into a settlement
agreement pursuant to which:

   * Lattice agreed to pay GTL $250,000 within five business days
     of the date of the settlement agreement;

   * Lattice issued a confession of judgment promissory note in
     the aggregate principal amount of $2,495,625; and

   * Lattice entered into a Teaming Agreement with GTL.

The Note bears interest at the rate of 8% per year and provides a
schedule of payments consisting of principal and interest through
April 30, 2019 . The obligations under the Note are secured by all
of the Company's assets pursuant to the terms of a Security
Agreement.  The Security Agreement provides for customary events of
default.

                       About Lattice Inc.

Pennsauken, New Jersey-based Lattice Incorporated provides
telecommunications services to correctional facilities and
specialized telecommunication service providers in the United
States.

Lattice reported a net loss available to common shareholders of
$5.55 million on $7.58 million of revenue for the year ended Dec.
31, 2015, compared to a net loss available to common shareholders
of $1.82 million on $8.94 million of revenue for the year ended
Dec. 31, 2014.  As of Dec. 31, 2015, Lattice had $3.57 million in
total assets, $10.94 million in total liabilities and a total
shareholders' deficit of $7.36 million.

Rosenberg Rich Baker Berman & Company, in Somerset, New Jersey,
issued a "going concern" qualification on the consolidated
financial statements for the year ended Dec. 31, 2015, citing that
the Company has a working capital deficit and requires additional
working capital to meet its current liabilities.  These factors
raise substantial doubt about the Company's ability to continue as
a going concern.


LUCA INTERNATIONAL: Can Employ David Hardy as Accountant
--------------------------------------------------------
U.S. Bankruptcy Judge David R. Jones has authorized Luca
International Group LLC and their affiliates to employ David D.
Hardy, CPA, and David D. Hardy CPA, P.C., as an accountant.

The Debtors seek to tap Hardy to assist the Debtors in connection
with completing fiscal year 2015 Federal and State (Texas and
California) income tax returns.  Hardy will provide services at a
flat rate of $17,000, which also includes expenses.

The Debtors desire to retain Hardy because of their experience in
accounting and oil and gas exploration and development.  Mr. Hardy
is an experienced certified public accountant.  Hardy offers its
clients services in tax return preparation, tax planning and
consulting, bookkeeping services, and business consulting
services.

David D. Hardy, Managing Partner of David D. Hardy CPA, P.C.,
assures 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.

                     About Luca International

Luca International Group LLC and Luca Operation, LLC, and their
affiliates are engaged in the exploration and production of natural
gas, petroleum and related hydrocarbons.  The primary assets are
located in Iberville and Ascension Parishes in Louisiana.  These
assets include 3 operating oil and gas wells -- Belle Grove 1,
Dugas & Leblanc 1 and Jumonville 2.  In addition, the assets
include a water disposal well, Acosta 1, and a shut-in-oil and gas
well, Jumonville 1.  The Luca entities also own oil and gas leases
in Texas and working interests in various locations.  The Luca
entities are owned by Bingqing Yang.

Luca International Group and 11 related entities sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 15-34221) in Houston,
Texas, on Aug. 6, 2015.  The cases are assigned to Judge David R.
Jones.

The Debtors tapped Hoover Slovacek, LLP, as counsel, and BMC Group,
Inc., as claims agent.

The Court authorized the Debtors to borrow $2,000,000 in
postpetition financing from Schumann/Steier Holdings, LLC.

Luca International estimated $50 million to $100 million in assets
and debt.

The petitions were signed by Loretta R. Cross, the CRO.

The U.S. Trustee appointed five members to the Committee of Equity
Security Holders.


LUPATECH SA: Chapter 15 Cases are Jointly Administered
------------------------------------------------------
U.S. Bankruptcy Judge Martin Glenn has ordered that the chapter 15
cases of Lupatech S.A., et al., are consolidated for procedural
purposes only and will be jointly administered by this Court.  The
Clerk of this Court will maintain one file and one docket for these
jointly administered cases, which file and docket for all of these
chapter 15 cases shall be the file and docket for Lupatech S.A.,
Case No. (16-11078).

                          About Lupatech

Headquartered in Sao Paulo, State of Sao Paulo, Brazil, Lupatech
S.A., et al., are part of a group of businesses (Lupatech Group)
that supplies products, services and integrated solutions for the
oil and gas industry.

The Lupatech Group's operations began in 1980 in Brazil and
currently consist of 17 separate business units located in Brazil
and Colombia.  In 2006, the shares of Lupatech S.A. began trading
publicly on the Novo Mercado segment of the Bolsa de Valores,
Mercadorias & Futuros de Sao Paulo, or the São Paulo Stock,
Mercantile, and Futures Exchange, under the symbol "LUPA3."

Lupatech S.A., Lupatech Finance Limited, Lupatech - Equipamentos e
Servicos para Petroleo Ltda. and Mipel Industria e Comercio de
Valvulas Ltda. each filed a Chapter 15 case (Bankr. S.D.N.Y. Case
Nos. 16-11078 to 16-11081, respectively) on April 27, 2016.  The
petitions were signed by Ricardo Doebeli as foreign
representative.


As disclosed in the bankruptcy filing, Lupatech Group's total debt
subject to the judicial reorganization is approximately R$650
million.  At the end of the third quarter of 2015, Lupatech Group
reported current assets of R$263.9 million and current liabilities
of R$760.6 million.  The Lupatech Group's consolidated net revenue
for the third quarter of 2015 was R$66.7 million.

Shearman & Sterling LLP represents the petitioner as counsel.

Judge Martin Glenn has been assigned the cases.


MADDOX FOUNDRY: 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 Maddox Foundry and Machine Works, LLC.

Maddox Foundry and Machine Works, LLC, sought protection under
Chapter 11 of the Bankruptcy Code in the Northern District of
Florida (Tallahassee) (Case No. 16-40168) on April 7, 2016.  The
petition was signed by Mary M. Hope, president.

The Debtor is represented by Allen Turnage, Esq., at the Law Office
of Allen Turnage, P.A. The case is assigned to Judge Karen K.
Specie.

The Debtor disclosed total assets of $2.78 million and total debts
of $3.25 million.


METROPOLITAN AUTOMOTIVE: BOTW Wants Lien Priority Determined
------------------------------------------------------------
Bank of the West ("BOTW") asks the U.S. Bankruptcy Court for the
Central District of California, Riverside Division, to determine
the lien priority of CWD, LLC's asserted lien against debtors
Metropolitan Automotive Warehouse, Inc. and Star Auto Parts, Inc.

BOTW holds a first-priority, perfected security interest in
substantially all of the Debtors' personal property, including the
proceeds of the sale of substantially all of the Debtors' assets
("BOTW Senior Lien").  BOTW asserts that the BOTW Senior Lien has
been stipulated to by the Debtors, CWD and the Official Committee
of Unsecured Creditors.  It adds that such stipulations were
approved by the Court.

BOTW relates that CWD purports to hold a lien in certain of the
Debtors' inventory ("CWD Asserted Lien") having the priority of a
purchase money security interest ("PMSI-priority").  CWB asserts
that it holds a prepetition secured claim, in excess of $1.4
million, against Debtor Metropolitan Automotive Warehouse, Inc.
("CWD Pleading").  BOTW disputes the validity and priority of the
CWD Asserted Lien and PMSI-priority, and asserted that CWD failed
to provide the Debtors any evidence of its secured status.

BOTW contends that the CWD Pleading asserts that CWD has a lien in
"all of the Debtor's property of any nature," and that although the
CWD Pleading attaches a UCC-1 Financing Statement, it does not
attach any security agreement or other document purporting to
evidence a security interest in Debtor Metropolitan Automotive
Warehouse's property.  BOTW further contends that the CWD Asserted
Lien arose more than 11 years after the BOTW Senior Lien.

BOTW avers that certain proceeds of the sale of substantially all
of the Debtors' assets are being held in escrow pending a
determination of the proper recipient.  It further avers that such
determination depends on whether BOTW or CWD is the first-priority
lienholder regarding certain of Debtors' inventory.  BOTW tells the
Court that judicial determination of the relative priorities of the
BOTW Secured Lien and the CWD Asserted Lien is necessary for the
resolution of the proceeds in escrow.

Bank of the West is represented by:

          Craig A. Barbarosh, Esq.
          William B. Freeman, Esq.
          Cristina E. Bautista, Esq.
          KATTEN MUCHIN ROSENMAN LLP
          2029 Century Park East, Suite 2600
          Los Angeles, CA 90067-3012
          Telephone: (310)788-4400
          Facsimile: (310)788-4471
          E-mail: craig.barbarosh@kattenlaw.com
                  bill.freeman@kattenlaw.com
                  cristina.bautista@kattenlaw.com

                   About Metropolitan Automotive

Metropolitan Automotive Warehouse, Inc., is a family-owned Southern
California-based business, distributing automotive aftermarket
parts for the last 60 years, with operations in Southern California
and Central California.  Metropolitan distributes aftermarket
automotive parts to retail stores and also sells to and fulfills
orders for various e-commerce customers.

Star Auto Parts, Inc., a wholly-owned subsidiary of Metropolitan,
is a Southern California based retailer of aftermarket parts.  Star
sells aftermarket automotive parts directly to repair facilities
also known as the "Do-it-for-Me" channel, end users, also known as
the "Do-it-Yourself" channel, and businesses, which own and operate
vehicle fleets.

Metropolitan and Star Auto employ approximately 1,000 persons.

Metropolitan Automotive Warehouse, Inc. and Star Auto Parts sought
Chapter 11 protection (Bankr. C.D. Cal.) on Jan. 6, 2016.  The
cases are jointly administered under Case No. 16-10096.  Judge
Wayne E. Johnson is assigned to the cases.  The petitions were
signed by Ron Turner, the president.  

The Debtor has estimated assets in the range $10 million to $50
million and estimated liabilities of $50 million to $100 million.

Richard Pachulski serves as the Debtors' CRO.  Winthrop Couchot
Professional Corporation serves as the Debtor's counsel.
SierraConstellation Partners is the Debtors' financial advisor.
Imperial Capital, LLC, is the investment banker.

A 7-member panel has been appointed as the official committee of
unsecured creditors in the Debtor's case.  The Creditors Committee
retained Sidley Austin LLP as its counsel; and Alvarez & Marsal
North America, LLC, as financial advisor.


MGM RESORTS: Fitch Hikes Issuer Default Rating to 'BB'
------------------------------------------------------
Fitch Ratings has upgraded MGM Resort International's (MGM) Issuer
Default Rating (IDR) to 'BB' from 'B+'; the Rating Outlook is
Stable. Fitch upgraded MGM's senior secured credit facility to
'BBB-/RR1' from 'BB+/RR1' and affirmed its senior unsecured notes
at 'BB/RR3'.

Fitch also affirmed the IDRs for MGM China Holdings, Ltd's and its
co-borrower MGM Grand Paradise, S.A. (collectively MGM China) at
'BB' and their senior secured credit facility at 'BBB-/RR1'. MGM
China's Rating Outlook is Stable.

KEY RATING DRIVERS

Fitch's upgrade of MGM's IDR to 'BB' reflects MGM's deleveraging
toward the company's target of below 5x, which will occur by around
2017 per Fitch's revised forecast. This is an acceleration relative
to Fitch's prior forecast, with the expected trajectory largely
attributable to MGM's faster-than-expected implementation of its
$300 million Profit Growth Plan, stronger than expected Las Vegas
Strip trends, and the $540 million in proceeds from the sale of the
Crystals mall. MGM said that it will use the Crystals sale proceeds
along with $1.1 billion in MGM Growth Properties (MGP) IPO proceeds
to reduce debt.

Fitch projects MGM's gross and net leverage to decline to 5.1x and
5.0x, respectively, by year-end 2017. Fitch calculated MGM's
consolidated gross and net leverage as of March 31, 2016 at 6.3x
and 5.7x.

Fitch believes that gross leverage of 5x is consistent with the
higher end of the 'BB' IDR category for MGM given its high-quality
and relatively diversified asset mix and Fitch's positive long-term
outlook for the Las Vegas Strip. Fitch will monitor MGM's track
record of adhering to its publicly articulated financial policies
and the continuation of stable or improving operating fundamentals
on the Las Vegas Strip before considering further positive rating
action.

The upgrade takes into account the recent financings related to the
formation of MGP, a newly formed REIT. Fitch views the creation of
MGP largely as a credit-neutral event for MGM creditors. The net
reduction in consolidated debt resulting from the MGP IPO offsets
Fitch's concerns over MGM not directly owning the 10 assets
contributed to MGP, MGM's more complex corporate structure, and the
portion of MGP's dividends that will be paid to MGP's public
shareholders (Fitch estimates about $100 million per year). The
event is largely leverage neutral for MGM, both on a consolidated
basis after accounting for dividends paid to minority holders and
on an MGM credit group standalone basis when adjusting for the new
lease obligation. (Fitch subtracts dividends to minority holders
from EBITDA when calculating leverage for MGM.) Positively, MGM's
transactions improved the company's liquidity by refinancing 2016
maturities and the bulk of the 2017 maturities and by extending its
revolver to 2021 from 2017.

DEVELOPMENT PIPELINE

Fitch views MGM's development pipeline favorably, especially MGM
National Harbor scheduled to open December 2016. Fitch estimates
$240 million in EBITDA for MGM National Harbor, a solid 18% return
on a $1.3 billion investment. The project will benefit from being
the closest casino to Washington DC and its affluent Virginia
suburbs.

MGM is also developing an $865 million MGM Springfield, due to open
late 2018. The return on investment (ROI) prospects for Springfield
are less certain given the Connecticut tribes' effort to build a
casino that would cut off the Hartford traffic going north to
Springfield, MA. (Fitch's forecast assumes that a third of the
revenues will originate from the Hartford area.) Even without the
new Connecticut casino, MGM Springfield's ROI will be negatively
affected by host and surrounding community fees and the less
affluent demographics compared to the areas closer to Boston.
Without the Connecticut casino, Fitch estimates about $110 million
of EBITDA for MGM Springfield, a 13% ROI.

MGP has the right of first offer for MGM National Harbor and MGM
Springfield.

The $3 billion MGM Cotai development, part of the 51% owned MGM
China, is scheduled to open in first quarter 2017 (1Q17). Fitch
estimates the project will generate $100 million - $150 million of
incremental EBITDA for MGM China after taking into account
cannibalization of the existing operations from MGM Cotai and the
competing projects coming online in 2016 and 2017.

MARKET OUTLOOKS
“Fitch has a favorable long-term view for the Las Vegas Strip
(60% of consolidated revenues) and Macau (23% of revenues) and a
lackluster view for U.S. regional markets, which we believe are
secularly challenged. Despite our somewhat negative view on the
regional markets, MGM's regional assets tend to be in less
competitive markets (e.g. Detroit and National Harbor) and/or are
market leaders (e.g. Beau Rivage). MGM's assets also feature a
heavy mix of non-gaming amenities, which we think positions the
assets well against the prevailing consumer preferences.”

“In Las Vegas we expect the growing convention business,
increasing air capacity and lack of new supply to drive RevPAR
higher in the near term. MGM's 50% owned T-Mobile arena (opened in
April 2016) and new convention capacity at Mandalay Bay and Aria
will at least in part counterbalance the center of gravity moving
more north after the next wave of projects open sometime around
2019. At the north-end of the Strip, Crown, Genting and Wynn are
contemplating expansions geared towards the higher end. We expect
these expansions to be mild negatives for MGM, whose resorts are
clustered to the south. But we expect that the market, which will
not see meaningful new capacity for a decade by then, to absorb the
new projects without major disruptions to the existing
operators.”

“Fitch forecasts negative 5% market-wide gaming revenue growth in
Macau for 2016, which assumes modest sequential growth in the mass
market and leaves room for continued, but milder weakness in the
VIP segment. We expect a more significant decline in MGM's revenues
in 2016 after taking into account cannibalization from the Parisian
and Wynn Palace, both scheduled to open in 2H16. Past 2016, Fitch
expects mid-single-digit growth in Macau led by China's rising
middle class, the new capacity in Macau and infrastructure projects
in and around Macau.”

ISSUE-SPECIFIC RATINGS
MGM's $1.5 billion credit facility's issue-specific rating of
'BBB-/RR1' reflects Fitch's view that the facility is well
overcollateralized by the pledged assets, Bellagio and MGM Grand
Las Vegas. Additional secured debt is limited by the credit
agreement's limit on incremental facilities (limited to 2.5x of net
first-lien debt) and by the unsecured notes' 15% consolidated net
tangible asset (CNTA) test.

“Pro forma for the MGP transactions, recovery prospects for MGM's
unsecured notes remain strong. We did not upgrade the notes because
Fitch tends to compress the notching around the IDR as issuers
credit improves.”

KEY ASSUMPTIONS
Fitch's key assumptions within the rating case for MGM include:

-- Same-store domestic revenues grow about 2%-3% per year on
    average (0% across regional properties and up to 4% at
    properties with high exposure to convention business);

-- EBITDA margins improving to 28% from 26%. The improvement is
    the result of the revenue growth flow-through and gives some
    credit to MGM's $300 million Profit Growth Plan;

-- MGM China generating about $600 million of EBITDA in 2017,
    which factors in about $200 million EBITDA at MGM Cotai and
    approximately 20% EBITDA decline at MGM Macau;

-- Approximately $240 million EBITDA at MGM National Harbor in
    2017 and $110 million EBITDA at MGM Springfield in 2019;

-- MGM does not pay a parent-level dividend through Fitch's
    forecast horizon (through 2019) and uses free cash flow (FCF)
    to fund project capex and maturities.

RATING SENSITIVITIES
MGM's IDR may be upgraded to 'BB+' if Fitch gains more confidence
that MGM will reach and adhere to its leverage target of less than
5x. Stabilization of operating performance in Macau, continuation
of the stable or positive trends in Las Vegas, and MGM's capital
allocation policies with respect to returning value to shareholders
will be factors considered by Fitch when contemplating further
positive rating actions.

Fitch may revise MGM's Outlook to Negative or downgrade MGM's IDR
to 'BB-' if leverage sustains at above 6x for an extended period of
time past 2017, due to potentially weaker than expected operating
performance, debt funding a new large-scale project or acquisition,
or taking a more aggressive posture with respect to financial
policy.

Fitch links MGM China's IDR to MGM's given MGM's strengthened
credit profile and MGM China's strategic importance to MGM.
Therefore, Fitch may upgrade MGM China's IDR to 'BB+' if and when
Fitch upgrades MGM's IDR to 'BB+'.

LIQUIDITY

MGM's liquidity is now strong, a stark contrast to the years
following the recession when liquidity was a primary credit
consideration for MGM. Following the recent transactions, MGM's pro
forma domestic liquidity covers needs through 2018 by 1.9x.

2Q16-4Q18 Sources:
-- Cash excess of cage cash: $870million
-- Revolver availability: $1.25 billion
-- Crystals sale proceeds: $540 million
-- Cumulative discretionary FCF (includes MGP): $2.1 billion
-- Dividends from MGM China and unconsolidated affiliates: $640
    million
-- Total sources: $5.4 billion

2Q16-4Q18 Uses:
-- Maturities: $1.2 billion
-- MGM National Harbor project capex: $600 million
-- MGM Springfield project capex: $800 million
-- Distributions to MGP's minority holder: $275 million
-- Total uses: $2.9 billion

MGM China's liquidity is also strong with MGM Cotai being fully
funded with an undrawn $1.45 billion revolver.

FULL LIST OF RATING ACTIONS

MGM Resorts International
-- IDR upgraded to 'BB' from 'B+'; Outlook Stable;
-- Senior secured credit facility upgraded to 'BBB-/RR1' from
    'BB+/RR1;
-- Senior unsecured notes affirmed at 'BB/RR3' (Recovery Rating
    revised from 'RR2').

MGM China Holdings, Ltd (and MGM Grand Paradise, S.A. as
co-borrower)
-- IDR affirmed at 'BB'; Stable Outlook;
-- Senior secured credit facility affirmed at 'BBB-/RR1'.



MIDSTATES PETROLEUM: Hires KCC as Claims & Solicitation Agent
-------------------------------------------------------------
Midstates Petroleum Company, Inc., and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the Southern District
of Texas to employ Kurtzman Carson Consultants, LLC as Claims,
Noticing and Solicitation Agent.

The Debtors require KCC to:

     (a) assist the Debtors with the preparation and distribution
of all required notices in the Chapter 11 case, including: (i)
notice of any claims bar date, (ii) notice of any proposed sale of
the Debtor's assets (iii) notices of objections to claims and
objections to transfer of claims, (iv) notices of any hearings on a
disclosure statement and confirmation of any plan or plans of
reorganization, including under Bankruptcy Rule 3017(d), (v) notice
of the effective date of any plan, and (vi) all other notices,
orders, pleadings, publications and other documents as the Debtors,
Court, or Clerk may deem necessary or appropriate for an orderly
administration of this Chapter 11 Cases, including through email or
other electronic means;

     (b) assist the Debtors with plan-solicitation services
including: (i) balloting (ii) distribution of applicable
solicitation materials, (iii) tabulation and calculation of votes,
(iv) determining with respect to each ballot cast, its timeliness
and its compliance with the Bankruptcy Code, Bankruptcy Rules, and
procedures ordered by this Court; and (v) generating an official
ballot certification and testifying, if necessary, in support of
the ballot tabulation results;

     (c) maintain (i) a list of all potential creditors, equity
holders and other parties-in-interest and (ii) a "core" mailing
list consisting of all parties described in Bankruptcy Rule
2002(i), (j) and (k) and those parties that have filed a notice of
appearance pursuant to Bankruptcy Rule 9010; update and make said
lists available upon request by a party-in-interest or the Clerk;

     (d) maintain a post office box or address for the purpose of
receiving correspondence, ballots, and returned mail, and process
all mail received;

     (e) for all notices, motions, orders or other pleadings or
documents served, prepare and file or cause to be filed with the
Clerk an affidavit or certificate of service no more frequently
than every seven (7) days that includes (i) either a copy of each
notice served for the proceeding seven (7) days or the docket
number(s) and title(s) of the pleading(s) served during such
period,  (ii) a list of persons to whom it was mailed (in
alphabetical order) with their addresses, (iii) the manner of
service, and (iv) the date served;

     (f) process all proofs of claim received by the Clerk, check
said processing for accuracy and maintain any original proofs of
claim received  in a secure area, except that the Clerk of Court
shall continue to maintain its own claim register, and creditors
shall file proofs of claim with the Clerk of Court;

     (g) maintain an unofficial claims register ("Unofficial Claims
Register") fully accessible via KCC's website, which register shall
include all claims filed either with the Clerk, and specify therein
the following information for each claim docketed: (i) any claim
number assigned, (ii) the date received, (iii) the name and address
of the claimant and agent, if applicable, who filed the claim, (iv)
the address for payment, if different from the notices address; (v)
the amount asserted, (vi) the asserted classification(s) of the
claim (e.g. secured, unsecured, priority, etc.), and (vii) any
disposition of the claim;

     (h) implement necessary security measures to ensure the
completeness and integrity of the Unofficial Claims Register and
the safekeeping of any original claims;

     (i) record all transfers of claims and provide any notices of
such transfer as required by Bankruptcy Rule 3001(e);

     (j) relocate, by messenger or overnight delivery, all of the
Clerk-filed proofs of claim to the offices of KCC, and all the
KCC-filed claims to the Clerk not less than weekly;

     (k) monitor the Court's docket for all notices of appearances,
address changes, and claims-related pleadings and orders filed and
make necessary notations on and/or changes to the claims register
and any service of mailing lists, including to identify and
eliminate duplicative names and addresses from such lists;

     (l) identify and correct any incomplete or incorrect addresses
in any mailing or service lists;

     (m) assist in the dissemination of information to the public
and respond to request for administrative information regarding
this Chapter 11 Case as directed by the Debtors or the Court,
including through the use of a case website and/or call center;

     (n) monitor the Court's docket in this Chapter 11 Case and,
when filings are made in error or containing errors, alert the
filing party of such error and work with them to correct any such
error;

     (o) comply with applicable federal, state, municipal, and
local statutes, ordnances, rules, regulation, orders, and other
requirements;

     (p) this Chapter 11 Case is converted to cases under chapter 7
of the Bankruptcy Code, contact the Clerk's office within three
days of notice to KCC of entry of the order converting the cases;

     (q) 30 days prior to the close of this Chapter 11 Case, to the
extent practicable, request that the Debtors submit to the Court a
proposed order dismissing KCC as claims, noticing, and balloting
agent and terminating its services in such capacity upon completion
of its duties and responsibilities and upon the closing if this
Chapter 11 Cases;

     (r) within seven days of notice to KCC of entry of an order
closing this Chapter 11 Cases, provide to the Court final version
of the Claims Register as of the date immediately before the close
of the Chapter 11 Cases;

     (s) at the close of the Chapter 11 Case, (i) box and transport
all original documents, in proper format, as provided by the
Clerk's office, to (A) the Philadelphia Federal Records Center,
14700 Townsend Road, Philadelphia, PA 19154 or (B) any other
location requested by the Clerk's office; and (ii) docket a
completed SF-135 Form indicating the accession and location numbers
of the archived claims;

     (t) assist with, among other things, solicitation, balloting
and tabulation of votes, and prepare any related reports, as
required in support of confirmation of a chapter 11 plan, and in
connection with such services, process requests for documents from
parties in interest, including, if applicable, brokerage firms,
bank back-offices and institutional holders;

     (u) prepare an official ballot certification and, if
necessary, testify in support of the ballot tabulation results;

     (v) assist with the preparation of the Debtors' schedules of
assets and liabilities and statements of financial affairs and
gather data in conjunction therewith;

     (w) provide a confidential data room, if required;

     (x) manage and coordinate any distribution pursuant to a
chapter 11 plan; and

     (y) provide such other processing, solicitation, balloting and
other administrative services described in the Engagement Agreement
that may be requested from time to time by the Debtors, the Court
or the Clerk's Office.

The Debtors request that the undisputed fees and expenses incurred
by KCC in the performance of the above services be treated as
administrative expenses of the Debtors' chapter 11 estates pursuant
to 26 U.S.C. 156(c) and Section 503(b)(1)(A) of the Bankruptcy
Code, and be paid in the ordinary course of business without
further application or order of the Court.

If any disputes arises relating to the Engagement Agreement or
monthly invoices, the parties shall meet and confer in an attempt
to resolve the dispute; if the resolution is not achieved, the
parties may seek resolution of the matter from the Court.

Prior to the Petition Date, the Debtors provided KCC a retainer in
the amount of $25,000. KCC seeks to apply the retainer to all
prepetition invoices, and thereafter, to seek to have the retainer
replenished to the original retainer amount, and thereafter, to
hold the retainer under the Engagement Agreement during these
chapter 11 cases as security for the payment of fees and expenses
incurred under the Engagement Agreement.

The Debtors and KCC also agreed to certain indemnification
provisions.

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

Evan Gershbein, Senior Vice President of Corporate Restructuring
Services of Kurtzman Carson Consultants, 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.

KCC may be reached at:

       Evan Gershbein
       Kurtzman Carson Consultants, LLC
       2335 Alaska Ave.
       El Segundo, CA 90245
       Tel: 310.751.1803
       E-mail: egershbein@kccllc.com

            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 Petroleum Company, Inc. and Midstates Petroleum Company
LLC filed separate Chapter 11 petitions (Bankr. S.D. Tex. Case Nos.
16-32237 and 16-32238) on April 30, 2016.  Judge David R Jones
presides over the case.  Edward O. Sassower, P.C., Joshua A.
Sussberg, P.C., and Jason Gott, Esq., at Kirkland & Ellis LLP,
serve as counsel to the Debtors.  Matthew D Cavenaugh, Esq.,
Patricia B. Tomasco, Esq., and Jennifer F. Wertz, Esq., at Jackson
Walker LLP, serve as local counsel.  Their financial advisor is
Huron Consulting Services LLC.  Their investment banker is Evercore
Group L.L.C.  Kurtzman Carson Consultants LLC serves as claims and
noticing agent.  

As of Dec. 31, 2015, the Company listed assets of $679 million and
total debts of $2 billion.

The petitions were signed by Nelson M. Haight, executive vice
president and chief financial officer.


MIDWAY GOLD: Sure Steel Replies to Motion to Sell Remaining Assets
------------------------------------------------------------------
Sure Steel, Inc., has filed a response to Midway Gold Corp.'s
motion to sell their remaining assets and to approve procedures
governing the bidding and auction of the assets.

On Dec. 19, 2013, Jacobs Field Services North America, Inc.,
executed a written acceptance of Sure Steel's bid for furnishing
steel buildings, including an ADR Plant and ambulance storage, to
the future Midway Gold Pan project located 22 miles southeast of
Eureka and 57 miles west of Ely, Nevada at the future Midway Gold
Corp. Pan mining facility.

MDW Pan, LLP, entered into a senior credit agreement (SCA) with
Commonwealth Bank of Australia in the principal amount of
$55,000,000.   The repayment of the SCA was secured by the Project.
The present balance on the SCA is approximately $47,500,000.

MDW Pan, LLP, also entered into a junior credit agreement (JCA)
with Hale Capital Partners, L.P.  The Debtors allege that repayment
of the JCA was also secured by the Project.  The balance on the JCA
on the petition date was approximately $7,850,000.

On April 22, 2015, Sure Steel submitted an invoice to Jacobs for
$210,933.01, which remains unpaid.  On July 14, 2015, Sure Steel
recorded a notice of mechanic's lien claim against the Project to
recover the Principal Contract Balance, plus interest, attorneys
fees and costs.  On Sept. 18, 2015, Sure Steel filed two proofs of
claim, one against each of the Debtors.  Sure Steel's Lien Claim is
a validly recorded and enforced mechanics' lien claim against the
Project.

Sure Steel is represented by:

         BIEGING SHAPIRO & BARBER LLP
         Duncan E. Barber, Esq.
         Stacey S. Dawes, Esq.
         4582 South Ulster St. Parkway, Suite 1650
         Denver, CO 80237
         Tel: (720) 488-0220
         Fax: (720) 488-7711
         E-mail: dbarber@bsblawyers.com
                 ssd@bsblawyers.com

                       About Midway Gold

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

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

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

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

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

Midway Gold Corp. disclosed $184 million in assets and
$62.4 million in liabilities as of March 31, 2015.  Midway Gold US
Inc., disclosed total assets of $2.46 million and total liabilities
of $122 million as of the Chapter 11 filing.

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


MOBILESMITH INC: Incurs $2.11 Million Net Loss in First Quarter
---------------------------------------------------------------
MobileSmith, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $2.11 million on $471,130 of total revenue for the three months
ended March 31, 2016, compared to a net loss of $1.85 million on
$426,188 of total revenue for the same period in 2015.

As of March 31, 2016, MobileSmith Inc. had $1.41 million in total
assets, $42.47 million in total liabilities and a total
stockholders' deficit of $41.05 million.

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

                      https://is.gd/VqdiA4

                     About MobileSmith, Inc.

Raleigh, North Carolina-based MobileSmith, Inc. was incorporated as
Smart Online, Inc. in 1993 and changed its name to MobileSmith,
Inc. effective July 1, 2013.  The company develops and markets
software products and services tailored to users of mobile devices.
Its flagship product, MobileSmith(R) Platform is an app
development platform that enables organizations to rapidly create,
deploy and manage custom, native smartphone and tablet apps
deliverable across iOS and Android mobile platforms.

MobileSmith reported a net loss of $7.71 million on $1.82 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $7.33 million on $879,086 of total revenue for the year
ended Dec. 31, 2014.

Cherry Bekaert LLP, in Raleigh, North Carolina, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has suffered
recurring losses from operations and has a working capital
deficiency as of Dec. 31, 2015.  These conditions, the auditors
noted, raise substantial doubt about the Company's ability to
continue as a going concern.


MORGANS HOTEL: Reports First Quarter 2016 Results
-------------------------------------------------
Morgans Hotel Group Co. reported a net loss of $8.92 million on
$51.02 million of total revenues for the three months ended March
31, 2016, compared to a net loss of $12.8 million on $53.3 million
of total revenues for the same period in 2015.

As of March 31, 2016, the Company had $518 million in total assets,
$737 million in total liabilities and a total deficit of $219
million.

At March 31, 2016, the Company had approximately $11.9 million in
cash and cash equivalents and $15.3 million in restricted cash.

As of March 31, 2016, the Company had approximately $443 million of
remaining Federal tax net operating loss carry-forwards to offset
future income.

                   Announced Sale of the Company

Separately, on May 9, 2016, the Company entered into a definitive
agreement under which the Company will be acquired by SBEEG
Holdings LLC, a leading global lifestyle hospitality company. Under
the terms of the agreement, SBE will acquire all of the outstanding
shares of the Company's common stock for $2.25 per share in cash.
As part of the transaction, affiliates of The Yucaipa Companies
will exchange $75.0 million of Series A preferred securities,
accrued preferred dividends, and warrants for $75.0 million in
preferred shares and an interest in the common equity in the
acquirer and, following the closing, the leasehold interests in
three restaurants in Las Vegas currently held by Morgans.  The
transaction, which was approved by the Company's Board of
Directors, is expected to close in the third or fourth quarter, and
is subject to regulatory approvals, the assumption or refinancing
of the Company's mortgage loan agreements, and customary closing
conditions, including approval of the transaction by the Company's
shareholders.  Morgans shareholders representing approximately 29%
of the Company's outstanding shares of common stock have signed
voting agreements in support of this transaction, including OTK
Associates, Pine River Capital Management and Vector Group Ltd.
Affiliates of Yucaipa have also signed a voting agreement in
respect of their Series A preferred securities and warrants.

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

                        https://is.gd/FAfeFf

                      About Morgans Hotel Group

Based in New York, Morgans Hotel Group Co. (Nasdaq: MHGC) --
http://www.morganshotelgroup.com/-- is widely credited as the
creator of the first "boutique" hotel and a continuing leader of
the hotel industry's boutique sector.  Morgans Hotel Group
operates and owns, or has an ownership interest in, Morgans,
Royalton and Hudson in New York, Delano and Shore Club in South
Beach, Mondrian in Los Angeles and South Beach, Clift in San
Francisco, Ames in Boston, and Sanderson and St Martins Lane in
London.  Morgans Hotel Group and an equity partner also own the
Hard Rock Hotel & Casino in Las Vegas and related assets.  Morgans
Hotel Group also manages hotels in Isla Verde, Puerto Rico and
Playa del Carmen, Mexico.  Morgans Hotel Group has other property
transactions in various stages of completion, including projects
in SoHo, New York and Palm Springs, California.

Morgans Hotel reported net income attributable to common
stockholders of $5.45 million on $220 million of total revenues for
the year ended Dec. 31, 2015, compared to a net loss attributable
to common stockholders of $66.6 million on $234 million of total
revenues for the year ended Dec. 31, 2014.


MOUNTAIN PROVINCE: Updates Gahcho Kue Diamond Mine Development
--------------------------------------------------------------
Mountain Province Diamonds Inc. announced that development of the
Gahcho Kue diamond mine is progressing according to plan and
revised budget with the overall project approximately 94 percent
complete and on track for first production during H2 2016.

Patrick Evans, Mountain Province president and CEO, commented: "We
continue to make excellent progress at Gahcho Kue.  Mechanical
completion has been achieved at the process plant and truck shop
and we are on schedule to achieve mechanical completion of the
primary crusher during the current quarter.  Key areas of focus are
commissioning of the diamond process plant, remaining earthworks,
pre-stripping and stockpiling of kimberlite as well as preparations
for operational readiness."

Mr. Evans added: "The project also continues to meet our lending
group's tests-to-completion with US$47M advanced to fund cash calls
during Q2 2016.  A total of US$266M has been drawn against the
US$370M facility."

Mountain Province Diamonds is a 49% participant with De Beers
Canada in the Gahcho Kue diamond mine located in Canada's Northwest
Territories.  Gahcho Kue is the world's largest new diamond mine
and projected to be amongst the highest margin diamond mines due to
the high grade and open-pit nature of the operation.

The Gahcho Kue Project consists of a cluster of four diamondiferous
kimberlites, three of which have a probable mineral reserve of 35.4
million tonnes grading 1.57 carats per tonne for total diamond
content of 55.5 million carats.

A 2014 NI 43-101 feasibility study report filed by Mountain
Province (available on SEDAR) indicates that the Gahcho Kué
project has an IRR of 32.6%.

The Gahcho Kue diamond mine is expected to produce an average of
4.5 million carats a year over a 12 year mine life.

                 About Mountain Province Diamonds

Headquartered in Toronto, Canada, Mountain Province Diamonds Inc.
(TSX: MPV, NYSE AMEX: MDM) -- http://www.mountainprovince.com/--
is a Canadian resource company in the process of permitting and
developing a diamond deposit known as the "Gahcho Kue Project"
located in the Northwest Territories of Canada.  The Company's
primary asset is its 49 percent interest in the Gahcho Kue
Project.

Mountain Province reported a net loss of C$43.16 million for the
year ended Dec. 31, 2015, compared to a net loss of C$4.39 million
for the year ended Dec. 31, 2014.  As of Dec. 31, 2015, Mountain
Province had C$583 million in total assets, C$274 million in total
liabilities and C$309 million in total shareholders' equity.

KPMG LLP, in Toronto, Canada, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company's ability to continue
operations is dependent upon its ability to obtain sufficient
financing to fund its operations and development costs.


NAVIOS MARITIME: Moody's Cuts Outlook to Negative on Default Risk
-----------------------------------------------------------------
Moody's Investors Service has changed to negative from stable the
outlook on the B2 corporate family rating, B2-PD probability of
default rating and B2 rating of the $670 million guaranteed senior
secured first-lien global notes of NYSE-listed tanker company
Navios Maritime Acquisition Corporation.  Concurrently, Moody's has
affirmed all the ratings assigned to the company.

"We have changed the outlook to negative to reflect the rising risk
of contagion facing Navios Acquisition from challenges affecting
Navios Holdings, its parent company.  The parent company is
becoming increasingly financially dependent on its subsidiaries,
because weak conditions in the dry bulk market have put pressure on
its liquidity and increased the risk of default," says Marie
Fischer-Sabatie, a Moody's Senior Vice President and lead analyst
for the issuer.

"At the same time, the affirmation of the rating recognises Navios
Acquisition's continued good performance, which has materially
improved the company's financial profile and firmly positions its
credit metrics at B2," adds Ms. Fischer-Sabatie.

RATINGS RATIONALE

  -- CHANGE OF OUTLOOK ON NAVIOS ACQUISITION'S B2 RATING TO
     NEGATIVE

The change of outlook to negative reflects the increased contagion
risk facing Navios Acquisition as a result of the challenges faced
by its parent company, Navios Maritime Holdings, Inc. (Navios
Holdings, Caa3 negative).  Navios Holdings' weak liquidity profile,
with very challenging dry bulk market conditions driving continued
negative free cash flow generation, and the increased risk of a
distressed exchange or default led Moody's to downgrade the company
on April 26.  As a result, Navios Holdings is becoming increasingly
dependent on the financial flexibility of its subsidiaries.

Navios Acquisition extended a $50 million loan to Navios Holdings
in March, which was cancelled in early April.  While Navios
Holdings has so far not approached Navios Acquisition for any
further support, continued deterioration of its liquidity profile
in coming quarters could force it to ask for support.

  -- AFFIRMATION OF NAVIOS ACQUISITION'S B2 RATING

At the same time, the affirmation of Navios Acquisition's B2 rating
recognises the company's material deleveraging, with leverage
(i.e., debt/EBITDA) reaching 5.6x at end-2015 down from 7.8x at
end-2014, positioning the company comfortably in its rating
category.

In 2015, Navios Acquisition benefitted from a 14% increase in
time-charter equivalent rates, as well as from a 4% increase in
available days, which resulted in an EBITDA growth of close to 40%.
Navios Acquisition has already contracted more than 90% of its
available days in 2016 and the rating agency therefore expects that
it will generate similar cash flow levels as in 2015.

LIQUIDITY

Navios Acquisition's liquidity profile is adequate.  The company
ended 2015 with a cash balance of $62 million and Moody's projects
that it will generate cash flow from operations of around $130
million -$140 million during 2016.

Navios Acquisition has no material committed capex.  Its 2016
liquidity needs will essentially comprise dividend payments, which
Moody's expects to total around $32 million, and debt repayments of
$64 million.

Navios Acquisition has no revolving credit facility at its
disposal.  Its bank facilities include several financial covenants,
under which the rating agency expects the company will maintain
adequate leeway.

WHAT COULD CHANGE THE RATING UP/DOWN

Positive pressure on Navios Acquisition's ratings could arise if
the company's debt/EBITDA ratio were to fall below 5.0x and its
(fund from operations (FFO) + interest)/interest expense ratio were
to rise above 3.5x on a sustainable basis.  An upgrade of the
rating would also require an improvement of the financial and
liquidity profile of Navios Holdings, removing the current
contagion risks.

Negative pressure on the ratings could arise if Navios
Acquisition's debt/EBITDA ratio were to rise above 6.0x and/or its
(FFO + Interest)/interest expense ratio were to fall below 2.5x for
a prolonged period of time.  Moreover, any weakening of Navios
Acquisition's liquidity, in particular if it provides material
support to Navios Holdings (e.g. dividend payments materially above
our expectations), could trigger a downgrade of its ratings.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Global Shipping
Industry published in February 2014.

Navios Acquisition, a company listed on NYSE, was created in 2008.
Navios Acquisition's main shareholder is Navios Maritime Holdings,
Inc., which currently has a 46.6% economic interest in Navios
Acquisition.  As of Dec. 31, 2015, Navios Acquisition had a fleet
of 39 crude oil and product tanker vessels in the water.  During
2015, Navios Acquisition generated revenues of $313 million and
EBITDA of $217 million (as reported by the company).



NEW GOLD LLC: Case Summary & 10 Unsecured Creditors
---------------------------------------------------
Debtor: New Gold, LLC
           dba Coin Connection
        12301 Ventura Blvd.
        Studio City, CA 91604

Case No.: 16-11426

Chapter 11 Petition Date: May 10, 2016

Court: United States Bankruptcy Court
       Central District of California (San Fernando Valley)

Judge: Hon. Maureen Tighe

Debtor's Counsel: Teresa A. Blasberg, Esq.
                  BLASBERG & ASSOCIATES
                  3510 White House Place
                  Los Angeles, CA 90004
                  Tel: 213-239-0364
                  Fax: 213-383-1944
                  E-mail: tablasberg@earthlink.net

Estimated Assets: $50,000 to $100,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Paul Wojdak, sole member.

A list of the Debtor's 10 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb16-11426.pdf


NOVABAY PHARAMCEUTICALS: Stockholders Elect 3 Directors
-------------------------------------------------------
NovaBay Pharmaceuticals, Inc., held its 2016 Annual Meeting on
May 3, 2016, at which the Company's stockholders:

   (a) elected Paul E. Freiman, Gail Maderis and Xiaoyan (Henry)
       Liu as Class III directors to hold office until the 2019
       Annual Meeting;

   (b) approved the issuance of shares of NovaBay common stock and
       warrants to purchase common stock to purchasers pursuant to
       the terms of the Securities Purchase Agreement, dated
       April 4, 2016, in accordance with the stockholder approval
       requirements of NYSE MKT Company Guide Sections 713 and
       711;

   (c) did not approve, on an advisory basis, the compensation of
       NovaBay's named executive officers; and

   (d) ratified the appointment by NovaBay's Audit Committee of
       OUM & Co. LLP as NovaBay's independent registered public
       accounting firm for the fiscal year ending Dec. 31,
       2016.

                  About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals is a biopharmaceutical company focusing on
the commercialization of prescription Avenova lid and lash hygiene
for the domestic eye care market.  Avenova is formulated with
Neutrox which is cleared by the U.S. Food and Drug Administration
(FDA) as a 510(k) medical device.  Neutrox is NovaBay's proprietary
pure hypochlorous acid.  Laboratory tests show that hypochlorous
acid has potent antimicrobial activity in solution yet is non-toxic
to mammalian cells and it also neutralizes bacterial toxins.
Avenova is marketed to optometrists and ophthalmologists throughout
the U.S. by NovaBay's direct medical salesforce.  It is accessible
from more than 90% of retail pharmacies in the U.S. through
agreements with McKesson Corporation, Cardinal Health and
AmeriSource Bergen.

NovaBay reported a net loss of $18.97 million in 2015, a net loss
of $15.19 million in 2014 and a net loss of $16.04 million in 2013.
As of Dec. 31, 2015, Novabay had $5.07 million in total assets,
$10.17 million in total liabilities and a total stockholders'
deficit of $5.09 million.

OUM & Co. LLP in San Francisco, California, audited the
consolidated balance sheets of NovaBay Pharmaceuticals, Inc. as of
December 31, 2015 and 2014 and the related consolidated statements
of operations and comprehensive loss, stockholders' equity, and
cash flows for each of the three years in the period ended December
31, 2015.  The firm noted that the Company has suffered recurring
losses and negative cash flows from operations and has a
stockholders' deficit, all of which raise substantial doubt about
its ability to continue as a going concern.


NOVABAY PHARMACEUTICALS: Appoints Todd Zavodnick to Board
---------------------------------------------------------
NovaBay Pharmaceuticals, Inc., announced the appointment of Todd
Zavodnick to its Board of Directors effective May 6, 2016.  Mr.
Zavodnick brings extensive senior management and commercial
experience in the medical technology and pharmaceutical industries,
including serving in a senior capacity at the global ophthalmology
company Alcon Laboratories.  Mr. Zavodnick will serve on the Audit
and Corporate Governance committees and replaces Massimo Radaelli,
Ph.D., who resigned as a Director of NovaBay effective May 6, 2016.
NovaBay's Board membership remains at eight.

"Todd has an impressive track record in building successful
commercial organizations in the healthcare industry, including
firsthand experience in ophthalmology," said Mark M. Sieczkarek,
chairman and interim president and CEO of NovaBay.  "We will look
for his guidance as we continue our focus on growing Avenova sales
in the domestic market and reaching our goal of positive cash flow
from operations by the end of 2016.  We welcome Todd to our
Board."

Mr. Zavodnick is president, International of ZELTIQ Aesthetics,
Inc., a medical technology company focused on developing and
commercializing products utilizing its proprietary CoolSculpting
cryolipolysis procedure.  He previously served in various executive
positions at the dermatology company Galderma Laboratories, L.P.,
most recently as President & General Manager, North America.  Prior
to that, Mr. Zavodnick held various positions at Alcon
Laboratories, ultimately as President, China and Mongolia. Mr.
Zavodnick serves as a Board member of the not-for-profit
Children’s Skin Disease Foundation.

NovaBay also announces the primary closing of a private placement
for a total of 4,079,058 shares of Company common stock and
warrants.  The closing includes the purchase 2,039,530 shares of
common stock at an aggregate subscription price of $7.791 million
to nine accredited investors, including Mr. Sieczkarek and the
Company's two largest stockholders, Jian Ping Fu and Pioneer Pharma
(Singapore) Pte. Ltd.  The private placement was designed to close
in two tranches, with the closing of the second tranche for $4
million scheduled to occur on July 31, 2016.  The first tranche of
the financing was closed following approval from the Company's
stockholders at the May 3, 2016, Annual Meeting of Stockholders.
The Company believes that when fully completed, this financing,
along with the exercise of related warrants, will provide NovaBay
with the necessary funds to reach positive cash flow from
operations without the need for additional financing.

                  About NovaBay Pharmaceuticals

NovaBay Pharmaceuticals is a biopharmaceutical company focusing on
the commercialization of prescription Avenova lid and lash hygiene
for the domestic eye care market.  Avenova is formulated with
Neutrox which is cleared by the U.S. Food and Drug Administration
(FDA) as a 510(k) medical device.  Neutrox is NovaBay's proprietary
pure hypochlorous acid.  Laboratory tests show that hypochlorous
acid has potent antimicrobial activity in solution yet is non-toxic
to mammalian cells and it also neutralizes bacterial toxins.
Avenova is marketed to optometrists and ophthalmologists throughout
the U.S. by NovaBay's direct medical salesforce.  It is accessible
from more than 90% of retail pharmacies in the U.S. through
agreements with McKesson Corporation, Cardinal Health and
AmeriSource Bergen.

NovaBay reported a net loss of $18.97 million in 2015, a net loss
of $15.19 million in 2014 and a net loss of $16.04 million in 2013.
As of Dec. 31, 2015, Novabay had $5.07 million in total assets,
$10.17 million in total liabilities and a total stockholders'
deficit of $5.09 million.

OUM & Co. LLP in San Francisco, California, audited the
consolidated balance sheets of NovaBay Pharmaceuticals, Inc. as of
December 31, 2015 and 2014 and the related consolidated statements
of operations and comprehensive loss, stockholders' equity, and
cash flows for each of the three years in the period ended December
31, 2015.  The firm noted that the Company has suffered recurring
losses and negative cash flows from operations and has a
stockholders' deficit, all of which raise substantial doubt about
its ability to continue as a going concern.


NRG ENERGY: S&P Assigns 'BB-' Rating on Proposed $700MM Sr. Notes
-----------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating and '3'
recovery rating to NRG Energy Inc.'s proposed $700 million senior
unsecured notes due 2026.  The '3' recovery rating reflects S&P's
expectation of meaningful (50% to 70%; upper half of the range)
recovery in the event of default.

The company intends to use net proceeds from the issuance as well
as about $300 million of cash on hand to tender across the bond
complex.  As of Dec. 31, 2015, NRG had about $9.2 billion of
recourse and imputed debt.  NRG is a publicly traded independent
power producer focused on the wholesale and retail unregulated
power business.

The 'BB-' corporate credit rating on NRG Energy is based on S&P's
assessment of a fair business risk profile and aggressive financial
risk profile.  The outlook is stable.

RATINGS LIST

NRG Energy Inc.
Corporate Credit Rating         BB-/Stable/--

New Rating

NRG Energy Inc.
$700 Million. Senior Unsecured Notes
    Due 2026                    BB-
   Recovery Rating              3H



OAKWELL DISTRIBUTION: Case Summary & 4 Unsecured Creditors
----------------------------------------------------------
Debtor: Oakwell Distribution, Inc.
           dba Devon Medical Products
        110 First Avenue, Suite 100
        King of Prussia, PA 19406

Case No.: 16-13350

Chapter 11 Petition Date: May 10, 2016

Court: United States Bankruptcy Court
       Eastern District of Pennsylvania (Philadelphia)

Judge: Hon. Ashely M. Chan

Debtor's Counsel: David B. Smith, Esq.
                  SMITH KANE HOLMAN, LLC
                  112 Moores Road, Suite 300
                  Malvern, PA 19355
                  Tel: (610) 407-7217
                  Fax: (610) 407-7218
                  E-mail: dsmith@smithkanelaw.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by John Bennett, president.

A list of the Debtor's four largest unsecured creditors is
available for free at http://bankrupt.com/misc/paeb16-13350.pdf


PACIFIC EXPLORATION: In CCAA Protection, PwC Named as Monitor
-------------------------------------------------------------
Pacific Exploration & Production Corporation et al. on April 27,
2016, sought and obtained an order from the Ontario Superior Court
of Justice Commercial List pursuant to the Companies' Creditors
Arrangement Act.  Pursuant to the order, PricewaterhouseCoopers
Inc. was appointed as monitor of the Companies.

   PricewaterhouseCoopers Inc.
   PwC Tower
   18 York Street, Suite 2600
   Toronto, ON M5J 0B2
   Attention: Tammy Muradova
   Canada/US: +1 844 855 8568
   Colombia: 01 800 518 2167
   Local US: +1 503 520 4469

               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.


PERFORMANCE FOOD: Moody's Assigns B2 Rating on $350MM Sr. Notes
---------------------------------------------------------------
Moody's Investors Service assigned Performance Food Group, Inc.'s
proposed $350 million senior unsecured note issuance a B2 rating.
Concurrently, Moody's affirmed the company's Ba3 Corporate Family
Rating, its Ba3-PD Probability of Default Rating and its SGL-2
Speculative Grade Liquidity Rating.  The B2 rating on the company's
senior secured second lien term loan will be withdrawn when it is
refinanced with the proposed notes.  The rating outlook remains
stable.

The proceeds of the proposed $350 million note issuance will be
used to repay the company's $307 million (outstanding at March 26,
2016) senior secured second lien term loan in full, reduce ABL
borrowings by about $35 million and pay fees and expenses.  "The
refinancing of the company's term loan is credit positive as it
pushes out the maturity by 5 years to 2024," stated Peter
Trombetta, an Analyst at Moody's.

Ratings assigned:
  $350 million 8-year senior unsecured notes at B2 (LGD6)

Ratings affirmed:
  Corporate Family Rating at Ba3
  Probability of Default Rating at Ba3-PD
  Speculative Grade Liquidity Rating at SGL-2

Ratings to be withdrawn when transaction closes:
  $750 million ($307 million outstanding) senior secured second
   lien term loan - B2 (LGD 5)

RATINGS RATIONALE

The Ba3 Corporate Family Rating reflects PFG's steady improvement
in operating earnings and moderate leverage with Moody's adjusted
debt/EBITDA of about 3.6 times for the twelve months period ending
March 26, 2016.  In addition, Moody's expects credit metrics will
gradually improve as operating performance and cost saving
initiatives drive higher earnings and more moderate debt levels
going forward.  Also benefitting future revenue and earnings is the
recent announcement that PFG entered into a distribution agreement
with Red Lobster to provide distribution solutions to all of Red
Lobster's more than 670 restaurants in the United States.  Revenue
and earnings benefits of this new agreement will begin in 2017.
The ratings are also supported by PFG's large scale within the food
service industry with its nationwide distribution capability,
greater business diversification provided by its candy, snacks, and
beverages ditribution business segment, and a moderate financial
policy.  However, PFG's thin operating margins, high exposure to
the restaurant industry which could be negatively impacted by
negative macroeconomic issues, and acquisitive business strategy
are viewed as credit negatives.  Also constraining the ratings are
the company's ownership structure where over 75% of the company is
owned by two financial sponsors and only 17% is publicly traded.
Moody's notes that PFG filed an S-1 today for a follow on stock
offering that will increase the public float.

The stable rating outlook reflects Moody's view that PFG's
operating performance and credit metrics will continue to improve
as the company successfully executes its growth initiatives and
focuses on lowering costs throughout its system while maintaining a
balanced financial policy.

Ratings could be upgraded in the event PFG generates sustained
growth in sales and profitability while maintaining good liquidity.
Quantitatively, an upgrade would require debt/EBITDA approaching
3.5 times and EBITA/Interest expense sustained above 3.0 times.  An
upgrade would also require a moderate financial policy and more
diversified ownership structure.

Ratings could be downgraded if a sustained deterioration in
operating performance or a more aggressive financial policy
resulted in debt/EBITDA sustained above 4.25 times or
EBITA/Interest expense falling below 2.5 times.

The principal methodology used in these ratings was Distribution &
Supply Chain Services Industry published in December 2015.


PERFORMANCE FOOD: S&P Raises CCR to 'BB-'; Outlook Stable
---------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Richmond,
Va.-based Performance Food Group Inc. (PFG) to 'BB-' from 'B+'. The
outlook is stable.

At the same time, S&P assigned its 'BB-' issue rating to the
company's proposed $350 million senior unsecured notes due 2024,
with a recovery rating of '3', indicating S&P's expectation for
meaningful (50% to 70%, upper half of range) recovery in the event
of a payment default.

In addition, S&P raised its issue rating on PFG's senior secured
ABL to 'BB+' from 'BB'.  The recovery rating on the ABL remains '1'
indicating S&P's expectation for very high (90% to 100%) recovery
in the event of a payment default.

S&P will withdraw its ratings on PFG's senior secured second-lien
term loan once it has been repaid with the proceeds from the notes
issuance.  S&P estimates the company's outstanding debt, assuming
all proceeds from the notes will be applied toward debt repayment,
is about $1.2 billion.

"While the transaction is leverage neutral, the upgrade reflects
our expectation that PFG will maintain the solid operating
performance that is driving strong EBITDA growth and steady credit
ratio improvement," said S&P Global Ratings analyst Brennan Clark.
"Outside of a potential strategic acquisition, we believe PFG will
maintain more moderate financial policies as a publicly traded
company, notwithstanding its continuing majority ownership by
private equity firms.  We believe PFG's financial sponsors will
reduce their ownership of PFG over the next 18 to 24 months, and
that the company will continue to improve credit ratios, including
debt to EBITDA close to 4x at the end of fiscal 2016."

S&P Global Ratings' ratings reflect PFG's distant number three
position in the highly competitive and fragmented foodservice
distribution industry and low, albeit stable, margins.  PFG has
grown revenues meaningfully over the past several years while
successfully managing input cost inflation through contract
pricing, resulting in stable profit growth.  S&P expects the
company to continue to increase market share and modestly improve
profitability as it expands its higher-margin proprietary
"performance" brands and its local customer base.  PFG has
meaningful cost advantages over local and regional competitors, and
S&P believes this is enabling it to win new business from these
smaller players.  At the same time, it is still much smaller than
Sysco Corp. and, to a lesser extent, US Foods Inc.  These
competitors' larger size and greater route density provide even
greater cost advantages.  In addition, while PFG has a presence in
all 50 U.S. states, it is geographically concentrated on the east
coast and may not have the resources in all geographies necessary
to compete for some national customers.

S&P's ratings also incorporate the intense competition inherent in
the foodservice distribution industry, relatively low customer
switching costs (particularly for independent street customers),
low profitability, and input cost volatility--namely food and
fuel--notwithstanding the company's historic success in managing
these costs.

The stable outlook reflects S&P's expectation that PFG will
maintain stable operating performance and that credit ratios will
continue to improve through steady EBITDA growth over the next
year.  S&P expects leverage in the low-4x area, and FFO to debt in
the mid-teens.



PILOT TRAVEL: Moody's Assigns Ba2 Rating on $1.3BB Sr. Loan
-----------------------------------------------------------
Moody's Investors Service assigned a Ba2 rating to Pilot Travel
Center LLC's proposed $1.3 billion senior secured term loan B.
There is no impact on the Ba2 Corporate Family Rating or the
positive rating outlook.

The proceeds of the proposed $1.3 billion 7-year senior secured
term loan B -- along with a $100 million draw under its revolver --
will be used to refinance its existing $1.4 billion term loan B due
2021.  "The transaction will help improve the company's maturity
schedule as it pushes out the term loan B by two years", said Peter
Trombetta, an Analyst at Moody's.  The transaction will also reduce
Pilot's overall cost of debt modestly, as the company is expecting
to reduce the rate on the proposed term loan.  The Ba2 rating on
the existing term loan B due 2021 will be withdrawn when the
transaction closes.

Ratings assigned:

  $1.3 billion 7-year senior secured term loan B at Ba2 (LGD3)

RATINGS RATIONALE

Pilot's Ba2 Corporate Family Rating reflects the company's good
debt protection metrics, meaningful scale, geographic reach,
diverse profit stream including high margin non-fuel merchandise
and good liquidity.  Pilot generates a large portion of its fuel
revenues from diesel and diesel exhaust fluid through direct
billing agreements with trucking fleets, which adds to the
predictability of its revenue stream and further reduces its
earnings volatility.  The ratings are constrained by Pilot's
reliance on high volume, low margin fuel sales, some regional
concentration, and concern that financial policies with respect to
dividends and acquisitions could become more aggressive.

The positive outlook reflects the increased likelihood that the
company's ratings will be upgraded in the next 12-18 months if
operating performance and profitability remain strong resulting in
credit metrics remaining at levels indicative of a higher rating.

Pilot Travel Centers LLC is a partnership that owns and operates
over 560 truck stops across the U.S. and Canada.  In addition to
fuel, Pilot locations have convenience stores, fast food
restaurants, and other amenities.  Pilot is majority owned by the
Haslam family through the ownership of Pilot Corporation.  Annual
revenues are approximately $23 billion.

The principal methodology used in this rating was Retail Industry
published in October 2015.



PIONEER HEALTH: Appoint of Patient Care Ombudsman Waived
--------------------------------------------------------
U.S. Bankruptcy Judge Neil P. Olack has granted the motion of
Pioneer Health Services, Inc., to waive and dispense with the
appointment of a patient care ombudsman (PCO).

The Court finds that the appointment of a PCO is not necessary at
this time to protect patients, to monitor the quality of patient
care, or to represent the interests of patients, even though both
inpatients and outpatients are included.  At the Hearing, Pioneer
presented testamentary and documentary evidence to demonstrate that
patients are adequately protected.  First, Pioneer demonstrated
that it has a detailed Grievance Policy and educates its employees
and administrators on how to handle patient complaints and
grievances pursuant to the Grievance Policy.  Pioneer also
demonstrated that the Grievance Policy is provided to patients upon
admission and that the numbers to call to lodge complaints are
posted throughout its facilities.  Second, Pioneer uses a
third-party anonymous hotline that allows patients or employees to
lodge complaints or grievances.  Pioneer established that it has
appropriate procedures for handling these complaints or grievances,
and that if the complaint or grievance relates to a facility's
administration, the complaint is handled by Sawyer and the
compliance committee.  Third, Pioneer demonstrated that the
compliance committee reviews the complaint and grievance log to
ensure that each complaint or grievance was resolved.  Finally,
there are numerous state and federal regulations that Pioneer must
adhere to and each of Pioneer's facilities are subject to frequent
surveys to ensure that they are adhering to these regulations.
This provides an additional layer of protection for patients.

The Court does find it necessary, however, to impose certain
requirements to ensure that Pioneer is adequately protecting its
patients' interests.  Those requirements are as follows:

   1) Sawyer expressed uncertainty regarding certain aspects of
Pioneer's patient care, including, but not limited to: (a) whether
the Grievance Policy is provided to patients who seek care at
Pioneer's outpatient clinics; (b) whether all patients receive a
HIPAA 12 notice; and (c) whether the telephone numbers to call to
lodge complaints or grievances are displayed in patient rooms;

   2) Pioneer should contact the Patrick County administrator to
determine why the Charts indicated that Pioneer of Stuart lacked
sufficient supplies and could not make payroll;

   3) If a financial advisor employed by Pioneer in the Bankruptcy
Case, or any other professional employed by Pioneer, discovers a
problem or issue that may affect patient care at any Pioneer
facility, in addition to notifying Pioneer and Geno, that person
should contact Middleton directly to inform her of the issue;

   4) Middleton may contact the long-term care ombudsman in North
Carolina to advise him or her of the situation in Stokes County to
determine if he or she will be able to take on a role other than
that of a PCO; and

   5) If the facts change or if the UST uncovers additional
information through further investigation that indicates the
necessity of a PCO in the future, the Court will reconsider the
appointment of a PCO upon the filing of an appropriate motion.

                      About Pioneer Health

Pioneer Health Services, Inc., and its debtor-affiliates, including
Medicomp Inc., filing separate Chapter 11 bankruptcy petitions
(Bankr. S.D. Miss. Case No. 16-01119 to 16-01126) on March 30,
2016.  The Debtors provide healthcare services to rural
communities, and own and manage rural critical access hospitals.

Judge Hon. Neil P. Olack presides over the Debtors' cases.  The Law
Offices of Craig M. Geno PLLC serves as the Debtors' counsel.

Pioneer Health Services estimated $10 million to $50 million in
both assets and liabilities.  The petitions were signed by Joseph
S. McNulty III, president.


PIONEER HEALTH: U.S. Trustee to Appoint Patient Care Ombudsman
--------------------------------------------------------------
U.S. Bankruptcy Judge Neil P. Olack has directed the U.S. Trustee
to appoint a patient care ombudsman for Pioneer Health Services of
Early County, LLC.

                      About Pioneer Health

Pioneer Health Services of Early County, LLC filed a Chapter 11
bankruptcy petition (Bankr. Case No. 16-01243) on April 8, 2016.
The petition was signed by Joseph S. McNulty III as president.  The
Debtor estimated assets in the range of $10 million to $50 million
and liabilities of $1 million to $10 million.  The Law Offices of
Craig M. Geno, PLLC represents the Debtor as counsel.  Judge Hon.
Neil P. Olack has been assigned the case.

The Debtor's parent Pioneer Health Services, Inc. and several of
its affiliated debtors filed bankruptcy cases on March 30, 2016.
All of the affiliated cases, with the exception of Medicomp, were
administratively consolidated into the bankruptcy case of Pioneer
Health Services, Inc., Case No. 16-01119, by the Court' order dated
April 6, 2016.

Pioneer Health Services has been in the hospital business since
1997 and Medicomp has been providing physical therapy services
since 1980.


PLY GEM HOLDINGS: Incurs $27.6 Million Net Loss in First Quarter
----------------------------------------------------------------
Ply Gem Holdings, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $27.6 million on $409 million of net sales for the three months
ended April 2, 2016, compared to a net loss of $48.9 million on
$376 million of net sales for the three months ended April 4,
2015.

As of April 2, 2016, Ply Gem had $1.21 billion in total assets,
$1.31 billion in total liabilities and a total stockholders'
deficit of $101 million.

During the three months ended April 2, 2016, cash decreased by
approximately $75.1 million compared to a decrease of approximately
$10.7 million during the three months ended April 4, 2015.  The
decrease in cash during the comparative three month period was
primarily driven by the $30.0 prepayment on the Term Loan Facility
and a $50.0 million decrease in borrowings under the ABL Facility
offset by the $23.6 million improvement in operating earnings
period over period.

"I am very pleased by the strong first quarter financial and
operating performance of the Company.  Both businesses continued to
make substantial contributions to adjusted EBITDA and allowed us to
deliver the eighth consecutive quarterly year-over-year growth of
adjusted EBITDA," said Gary E. Robinette, Ply Gem's Chairman and
CEO.  "During the first quarter, our teams delivered profitable
growth through improved product pricing, operating performance
initiatives and a cost discipline, aided by strong demand for our
new residential construction and repair and replacement products
largely attributed to favorable winter weather within our key
market footprints.  As a result, Ply Gem achieved a trailing twelve
month adjusted EBITDA of $207.1 million which is the first time in
the Company's history we exceed adjusted EBITDA of $200 million."

Commenting on the Company's results, Shawn K. Poe, Ply Gem's chief
financial officer added, "In the first quarter, we continued to
drive financial improvements and profitability within our business
segments.  We achieved a 520 basis point improvement in our gross
profit margin and our incremental year-over-year quarterly adjusted
EBITDA grew $22.4 million.  As a result of our strong performance
during the first quarter of 2016 and the trailing twelve months, we
strengthened our balance sheet by generating in excess of $151
million in free cash flow, achieved an LTM Adjusted EBITDA of
$207.1 million, voluntarily paid $30 million of long-term debt
under the Term Loan, and improved our debt leverage ratio to 4.9
times with further improvement expected."

"As we enter into the seasonally important second and third
quarters, we look forward to capitalizing on the momentum we've
built during the beginning of 2016," said Mr. Robinette.  "As the
housing market in the U.S. continues to recover, we are well
positioned to drive profitable growth and generate meaningful
operating leverage and earnings.  In addition, we remain committed
to driving shareholder value and continuing to improve our balance
sheet.  In looking forward to the second quarter of 2016, and
considering the pull forward experienced during the first quarter,
we expect our quarterly adjusted EBITDA to be in the range of $72
to $77 million.  At the mid-point of this range, this would result
in a 20% year-over-year improvement of adjusted EBITDA."

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

                      https://is.gd/6AbrQA

                         About Ply Gem

Based in Cary, North Carolina, Ply Gem Holdings Inc. is a
diversified manufacturer of residential and commercial building
products, which are sold primarily in the United States and
Canada, and include a wide variety of products for the residential
and commercial construction, the do-it-yourself and the
professional remodeling and renovation markets.

Ply Gem reported net income of $32.3 million on $1.83 billion of
net sales for the year ended Dec. 31, 2015, compared to a net loss
of $31.3 million on $1.56 billion of net sales for the year ended
Dec. 31, 2014.

                         *     *     *

In May 2010, Standard & Poor's Ratings Services raised its
(unsolicited) corporate credit rating on Ply Gem to 'B-' from
'CCC+'.  "The ratings upgrade reflects our expectation that the
Company's credit measures are likely to improve modestly over the
next several quarters to levels that we would consider more in
line with the 'B-' corporate credit rating," said Standard &
Poor's credit analyst Tobias Crabtree.


POSITIVEID CORP: Obtains $350,000 Financing from California Bank
----------------------------------------------------------------
PositiveID Corporation, through its wholly owned subsidiary, E-N-G
Mobile Systems, Inc., entered into a revolving line of credit with
California Bank of Commerce on May 2, 2016.  The terms of the Line
allow ENG to borrow against its accounts receivable and inventory
to manage its project-based working capital requirements.  The
$350,000 Line has a maturity date of May 5, 2017, and borrowings
under the Line bear interest at the Wall Street Journal Prime Rate
plus 1.5% (currently 5.0%).  The Company has provided a guaranty of
the Line to CBC.

The Line also contains certain representations, warranties,
covenants and events of default, including the requirement to
maintain specified financial ratios. ENG currently meets all such
ratios.  Breaches of any of these terms could limit ENG's ability
to borrow under the Line and result in increases in the interest
rate under the Line.

On May 4, 2016, the Company closed a Securities Purchase Agreement
with ADAR BAYS, LLC, providing for the purchase of two Convertible
Redeemable Notes in the aggregate principal amount of $126,000,
with the first note being in the amount of $63,000 and the second
note being in the amount of $63,000.  Note I has been funded, with
the Company receiving $60,000 of net proceeds (net of original
issue discount).  With respect to Note II, ADAR issued a secured
note to the Company in the same amount to offset Note II.  The
funding of Note II is subject to certain conditions as described in
Note II.  ADAR is required to pay the principal amount of the
Secured Note in cash and in full prior to executing any conversions
under Note II.  The Notes bear an interest rate of 10%, and are due
and payable on May 4, 2017.  The Notes may be converted by ADAR at
any time into shares of Company's common stock (as determined in
the Notes) calculated at the time of conversion, except for Note
II, which requires full payment of the Secured Note by ADAR before
conversions may be made.

The Notes are long-term debt obligations that are material to the
Company.  The Notes may be prepaid in accordance with the terms set
forth in the Notes.  The Notes also contain certain
representations, warranties, covenants and events of default
including if the Company is delinquent in its periodic report
filings with the Securities and Exchange Commission, and increases
in the amount of the principal and interest rates under the Notes
in the event of such defaults.  In the event of default, at the
option of ADAR and in ADAR's sole discretion, ADAR may consider the
Notes immediately due and payable.

                        About PositiveID

Delray Beach, Fla.-based PositiveID Corporation has historically
developed, marketed and sold RFID systems used for the
identification of people in the healthcare market.  Beginning in
early 2011, the Company has focused its strategy on the growth of
its HealthID business, including the continued development of its
GlucoChip, its Easy Check breath glucose detection device, its
iglucose wireless communication system, and potential strategic
acquisition opportunities of businesses that are complementary to
its HealthID business.

PositiveID reported a net loss attributable to common stockholders
of $11.5 million on $2.94 million of revenues for the year ended
Dec. 31, 2015, compared with a net loss attributable to common
stockholders of $8.22 million on $945,000 of revenues for the year
ended Dec. 31, 2014.

As of Dec. 31, 2015, PositiveID Corp had $4.69 million in total
assets, $16.5 million in total liabilities and a stockholders'
deficit of $11.8 million.

Salberg & Company, P.A., in Boca Raton, Florida, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company reported a
net loss, and used cash for operating activities of approximately
$11,404,000 and $4,507,000 respectively, in 2015.  At Dec. 31,
2015, the Company had a working capital deficiency, a stockholders'
deficit and an accumulated deficit of approximately $10,694,000,
$11,842,000 and $144,161,000 respectively.  These matters raise
substantial doubt about the Company's ability to continue as a
going concern.


POSITRON CORP: Files Motion to Approve Structured Dismissal
-----------------------------------------------------------
Positron Corporation, a nuclear medicine healthcare company, on May
10, 2016, disclosed that the Company entered into a settlement
agreement for structured dismissal.  If confirmed, the settlement
will allow the Company to avoid entering a bankruptcy proceeding.

On May 2, 2016, the Company and its petitioning creditors filed a
Joint Motion to Approve Agreed Structured Dismissal Pursuant to
Bankruptcy Rule 9019.  Any shareholders desiring to object to the
terms of the Structured Dismissal Agreement have until May 26,
2016, to file a written objection with the Clerk of the United
States Bankruptcy Court, 1205 Texas Avenue, Lubbock, Texas 79401.
The petitioning creditors filed an involuntary chapter 11
bankruptcy petition against the Company in the U.S. Bankruptcy
Court for the Northern District of Texas, Lubbock Division, in a
case pending under Case No. 15-502015-rlj, and styled: In re:
Positron Corporation.

A hearing to consider approval of the Structured Dismissal
Agreement will be held in the Courtroom of the Honorable Robert L.
Jones, U.S. Bankruptcy Judge, located on the 3 [rd] floor of the
George H. Mahon Federal Building and Court House, 1205 Texas
Avenue, Lubbock, Texas, commencing at 1:30 p.m. on Wednesday, June
22, 2016.

A complete copy of the Notice of Deadline for Filing Objections to
Joint Motion to Approve Agreed Structured Dismissal Pursuant to
Bankruptcy Rule 9019 and Notice of Final Hearing is available on
the Company's website at: https://is.gd/gVLvKH

Following is a summary of certain provisions of the Structured
Dismissal Agreement and is not intended to be a complete
description of such:

1.  Once the Order approving the Motion is final and
non-appealable, the Company will purchase any and all capital stock
of the Company owned by Cecil O'Brate (the "O'Brate Shares") for
the total consideration of One Hundred Thousand Dollars ($100,000).
The Company will issue a promissory note payable to Cecil O'Brate
in the amount of $100,000, payable at 4.5% interest in 12 monthly
installments of $8,537.85 each (the "O'Brate Note").  Such
promissory note will be secured by a pledge of the O'Brate Shares.

2.  Within 10 days of the Order becoming final and non-appealable,
the Company will convey either: (i) all of the assets of the
Manhattan Isotope Technologies, LLC ("MIT"); or (ii) the membership
interests of MIT, to a company and/or entity designated by DX, LLC
(the "MIT Transfer").  In exchange for the MIT Transfer, the
promissory note in the original principal amount of $700,000
acquired by DX, LLC from Los Alamos National Bank (the "LANB
Note"), along with all related guarantees, security interest, and
rights in connection therewith, will be fully extinguished, deemed
satisfied,  paid in full, and discharged.

3.  DX, LLC may employ Jason Kitten and Suzanne Kitten, or a
consulting firm of its choice, to conduct due diligence concerning
the operations of the MIT facility located in Lubbock, Texas.  In
exchange for the opportunity to conduct due diligence as described
herein, DX, LLC or O'Brate shall advance to the Company sufficient
funds necessary to pay all payroll expenses associated with the two
current employees of MIT effective as of April 15, 2016, and shall
also directly pay to Los Alamos National Laboratories sufficient
funds to pay the licensing fees associated with the recycling
permit granted by the Los Alamos National Laboratories. Such
obligations of DX, LLC or O'Brate shall cease upon the entry of any
order by the Bankruptcy Court denying approval of the Agreement, or
upon a determination by the Bankruptcy Court that any party has
materially breached any of the terms of this Agreement.

4.  The Company shall attempt to sell the real property it owns
located at 530 Oakmont Lane, Westmont, IL.  Upon closing of the
sale the net proceeds will be distributed in the order of priority
established by the Bankruptcy Code to holders of administrative
claims and the allowed claims of unsecured creditors, provided,
however, that the total of such administrative expenses shall not
exceed 50% of the sales price.

5.  The Parties will sign mutual releases releasing the Parties and
their representatives from any claims that the parties may have or
could have against each other.

6.  The Parties stipulate that the Petitioning Creditors have valid
claims that are not subject to offset or any other dispute as to
amount or liability.  The claims shall be paid their pro-rata share
of distributions paid to unsecured creditors.  The Petitioning
Creditors, including DX, LLC, the Kittens, Moress, LLC, and
Posi-Med, LLC shall agree to support the Motion to Approve
Structured Dismissal Agreement and shall not have the right to opt
out of the distributions to unsecured creditors.

7.  Any unsecured creditors who do not desire to release their
claim in exchange for their pro-rata share of distributions paid to
unsecured creditors may opt out and pursue such other remedies to
collect their indebtedness as may be available to them.

8.  Should the Bankruptcy Court determine the Company has failed to
comply with the terms of the Structured Dismissal Agreement, it
shall file a voluntary bankruptcy petition under chapter 11 of the
Bankruptcy Code.

9.  Upon the completion of all terms included in the Agreement, the
Petitioning Creditors and the Company shall prepare and file a
Joint Motion to Dismiss the Involuntary Petition.

                   About Positron Corporation

Headquartered in Fishers, Indiana, Positron Corporation is a
molecular imaging company focused on nuclear cardiology.

Positron reported a net loss of $2.58 million on $1.46 million of
sales for the year ended Dec. 31, 2014, compared to a net loss of
$7.1 million on $1.63 million of sales for the year ended Dec. 31,
2013.

As of Sept. 30, 2015, the Company had $1.52 million in total
assets, $3.10 million in total liabilities and a total
stockholders' deficit of $1.58 million.

Sassetti LLC, in Oak Park, Illinois, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2014, citing that the Company has a significant
accumulated deficit which raises substantial doubt about the
Company's ability to continue as a going concern.


PRIMORSK INTERNATIONAL: Seek Approval of Bidding Procedures
-----------------------------------------------------------
Primorsk International Shipping Limited and its affiliated debtors
ask the U.S. Bankruptcy Court for the Southern District of New
York, to approve their proposed bidding procedures for the sale of
the Debtors' vessels free and clear of all liens, claims and
interests.

The Debtors believe that it is in the best interests of the Debtors
and their estates at this time to pursue a potential sale of the
Debtors' nine vessels ("Vessels"), including the Zaliv Vostok, the
Zaliv Amurskiy, the Prisco Ekaterina, the Prisco Elena, the Prisco
Alexandra, the Prisco Elizaveta, the Prisco Irina, the Zaliv Baikal
and the Zaliv Amerika.

The Debtors aver that the Vessels may prove attractive to potential
buyers in the product tanker and crude oil tanker industry, and
that the sale of the Vessels may generate significant proceeds for
the benefit of the Debtors' creditors and, potentially, other
stakeholders.

The proposed Bidding Procedures contain, among others, these
relevant terms:

     (a) Coordination with the Agents: The Debtors have agreed to
share bidding information in a timely manner and consult with
representatives of their secured lenders prior to taking certain
actions in connection with the sale process, including (i) Nordea
Bank Norge ASA, in its capacity as agent and security trustee
("Facility Agent") under that certain secured loan facility
agreement ("Senior Loan Agreement") dated January 2, 2008 (as
amended from time to time) relating to a $530 million secured loan
facility, and (ii) BNP Paribas, in its capacity as agent ("Swap
Agent") under that certain swap facility agreement ("Swap Loan
Agreement") dated June 7, 2011 (as amended from time to time)
relating to a $7.5 million swap loan facility. The Agents may share
such confidential information with the Senior Lenders and Swap
Lenders, subject to confidentiality arrangements as in effect from
time to time.

     (b) Bid Deadline: A Qualified Bidder should deliver the
required bid documents in electronic format so as to be received
not later than 12:00 p.m. on June 15, 2016.

     (c) Stalking Horse Bid Protections: If the Debtors execute an
asset purchase agreement with a Stalking Horse Bidder for the sale
of the entire fleet of Vessels, with the consent of the Agents or
the approval of the Court, the Debtors may grant such Stalking
Horse Bidder a break-up fee equal to up to 1.0% of the cash portion
of the purchase price and may further agree to reimburse the
reasonable expenses of the Stalking Horse Bidder. If the Debtors
execute any other asset purchase agreement(s) with any other
Stalking Horse Bidder(s), the Debtors may, with the consent of the
Agents (in their sole discretion), seek Court approval to provide
each such Stalking Horse Bidder with certain bid protections
including, without limitation, a break-up fee and expense
reimbursement.

     (d) Auction: The Auction will be conducted at the offices of
White & Case LLP, 5 Old Broad Street, London EC2N 1DW, United
Kingdom or such other location as the Debtors and Agents may agree
and at a date and time to be determined by the Debtors in
consultation with the Agents.

     (e) Sale Hearing: The Sale Hearing will be held before the
Court on a date to be determined by the Debtors in consultation
with the Agents.

Primorsk International Shipping Limited and its affiliated debtors
are represented by:

          Andrew G. Dietderich, Esq.
          Brian D. Glueckstein, Esq.
          Alexa J. Kranzley, Esq.
          SULLIVAN & CROMWELL LLP
          125 Broad Street
          New York, NY 10004
          Telephone: (212)558-4000
          Facsimile: (212)558-3588
          E-mail: dietdericha@sullcrom.com
                  gluecksteinb@sullcrom.com
                  kranzleya@sullcrom.com

                   About Primorsk International

Headquartered in Nicosia, Cyprus, Primorsk International Shipping
Limited (Prisco) aka PISL operates a fleet of ice-class oil
tankers
in the Arctic.  It was founded in 2004 and is owned by Apington
Investments, a British Virgin Islands holding company, which is
controlled by Russian native Alexander Kirilichev.

Primorsk sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y.
Case No. 16-10073) in New York, in the U.S., on Jan. 15, 2016.
Affiliates Boussol Shipping Limited, Malthus Navigati on Limited,
Jixandra Shipping Limited, Levaser Navigation Limited, Hermine
Shipping Limited, Laperouse Shipping Limited (Bankr. S.D.N.Y. Case
No. 16-10079), Prylotina Shipping Limited, Baikal Shipping Ltd,
and
Vostok Navigation Ltd. also filed separate Chapter 11 bankruptcy
petitions.  The bankruptcy petitions were signed by Holly Felder
Etlin, chief restructuring officer.  Judge Martin Glenn presides
over the cases.

The Debtor disclosed total assets of $6,018,821 and total
liabilities of $351,352,076 as of the Chapter 11 filing.

Andrew G. Dietderich, Esq., at Sullivan & Cromwell LLP serves as
the Debtors' bankruptcy counsel.  AlixPartners, LLP, is the
Debtors' financial and restructuring advisor.


QUANTUM FUEL: Can Employ Mackinac Partners as Crisis Manager
------------------------------------------------------------
U.S. Bankruptcy Judge Mark S. Wallace has authorized Quantum Fuel
Systems Technologies Worldwide, Inc., to employ Mackinac Partners
and to appoint Nishant Machado as Chief Restructuring Officer
pursuant to the terms set forth in the engagement letter dated
March 21, 2016.

U.S. Trustee Peter C. Anderson has earlier filed a limited
objection to the Motion saying that the application fails to
provide a specific protocol for review of fees.

The U.S. Trustee requests that the order approving the Application
contain a protocol substantially similar to the following
procedures:

   a) The CRO and Mackinac shall file with the Court, with copies
to the United States Trustee, counsel for the official committee of
unsecured creditors, the DIP lender and Bridge Bank, a monthly
report of staffing on the engagement for the previous month.  Such
report shall include the names and functions filled of the
individuals assigned.  All staffing shall be subject to review by
the Court in the event an objection is filed; and

   b) The CRO and Mackinac shall file with the Court (and serve
copies on the United States Trustee, counsel for the official
committee of unsecured creditors, the DIP lender and Bridge Bank,
contemporaneously with such filing) reports of compensation earned
and expenses incurred on a monthly basis.  Such reports shall
contain summary charts which describe services provided, identify
the compensation earned by the CRO and the Mackinac staff, and
itemize the expenses incurred.  Time records for the CRO and
Mackinac staff shall (i) be appended to the reports, (ii) contain
detailed time entries describing the task(s) performed, and (iii)
be organized by project category.  Personnel shall record their
time entries in increments of no greater than one-half hour.  All
compensation shall be subject to review by the Court in the event
an objection is filed. The first monthly report will be submitted
April 15, 2016, and will cover the period from the inception of
this case through March 31, 2016.  This procedure will continue at
monthly intervals thereafter.

   c) In summary, because the CRO and Mackinac are not being
employed as professionals under section 327 of the Bankruptcy Code,
they will not be submitting regular fee applications pursuant to
Sections 330 and 331 of the Bankruptcy Code.

                        About Quantum Fuel

Lake Forest, California-based Quantum Fuel Systems Technologies
Worldwide, Inc., is an innovator, developer and producer of
compressed natural gas (CNG) fuel storage tanks and packaged fuel
storage systems for heavy-, medium-, and light-duty trucks and
passenger vehicles.  The Company also produces integrated vehicle
system technologies, including engine and vehicle control systems
and drivetrains.  It supplies its tanks and systems to truck and
automotive original equipment manufacturers and aftermarket and OEM
truck integrators worldwide.

Quantum Fuel filed a Chapter 11 bankruptcy petition (Bankr. C.D.
Calif. Case No. 16-11202) on March 22, 2016.  The petition was
signed by Brian W. Olson as chief executive officer.  The Debtor
listed total assets of $23.10 million and total debts of $21.7
million.  Foley & Lardner LLP represents the Debtor as counsel.
Judge Mark S Wallace is assigned to the case.


QUEST SOLUTION: Inks Omnibus Amendment to Sale and Security Pacts
-----------------------------------------------------------------
Quest Solution, Inc., entered into that Omnibus Amendment to Sale
of Accounts and Security Agreements, dated April 25, 2016, by and
among the Company, Quest Marketing Inc., a wholly owned subsidiary
of the Company, Bar Code Specialties, Inc., a wholly owned
subsidiary of the Company, Quest Solution Canada Inc., a Canadian
corporation and wholly owned subsidiary of the Company, Viascan
Group Inc., Quest Exchange Ltd., Etiquettes Uno Inc., and Faunus
Group International, Inc.

The Amendment modifies (i) that certain Sale of Accounts and
Security Agreement, dated Oct. 9, 2015, as amended by that certain
First Amendment and Joinder to Sale of Accounts and Security
Agreement, dated Dec. 1, 2015, by and among FGI, Quest Marketing,
BCS and the Company, and (ii) that certain Sale of Accounts and
Security Agreement, dated Dec. 31, 2014, by and between Viascan
Inc. and Q.Data Inc. as predecessors to Quest Canada, and FGI.  As
requested by the Company, the Amendment reduces the Facility Amount
from $15,000,000 to $7,500,000 in the Quest Agreement and from
$4,800,000 to $2,500,000 in the Viascan Agreement.  The Amendment
also modifies the Quest Agreement (i) to reduce the minimum monthly
net funds employed during each contract year from no less than
$4,000,000 to no less than $2,500,000 and (ii) to increase the
non-refundable monthly collateral management fee from 0.37% to
0.40%.

                     About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported a net loss of $1.71 million on $63.9
million of total revenues for the year ended Dec. 31, 2015,
compared to net income of $301,649 on $37.3 million of total
revenues for the year ended Dec. 31, 2014.

As of Dec. 31, 2015, Quest Solution had $51.9 million in total
assets, $52.3 million in total liabilities and a total
stockholders' deficit of $471,367.

The Company's auditors RBSM LLP, in Leawood, Kansas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


QUICKSILVER RESOURCES: Creditors Want $173-Mil. Claims Allowed
--------------------------------------------------------------
The Second Lien Parties ask the U.S. Bankruptcy Court for the
District of Delaware for the allowance of their adequate protection
claims with respect to the sold collateral in an amount not less
than $173 million.

The Second Lien Parties consist of the Ad Hoc Group of the Second
Lien Holders, Credit Suisse AG, Cayman Islands Branch f/k/a Credit
Suisse AG, as administrative agent for the Second Lien Lenders, and
The Bank of New York Mellon Trust Company N.A., as Second Lien
Indenture Trustee  and the collateral agent under the Indenture
dated June 21, 2013.

"Even though the Debtors entered these cases during a period of
depressed pricing for the oil and gas that form the core of the
Debtors' assets, the Second Lien Parties consented to the use of
their Prepetition Collateral – both the hydrocarbons in the
ground and their Cash Collateral – to allow the Debtors'
continued operations and the funding of these cases, which the
Court found was necessary to preserve the Debtors' going concern
value.  That consent was embodied in the consensual Cash Collateral
Order, and was premised on the provision of adequate protection to
the Second Lien Parties in the event of postpetition diminution of
their collateral... Unfortunately for all parties in interest,
however, hydrocarbon prices had not bottomed-out as of the Petition
Date, but rather continued to decline (and at times precipitously)
through these cases.  Thus between these macroeconomic forces, the
Debtors' continued operation at a loss, and the continued sale of
the hydrocarbons constituting Prepetition Collateral as the Debtors
extracted it, there has been massive postpetition diminution in the
value of the Second Lien Parties' interest in the Prepetition
Collateral...  The sale of, among other assets, all of the oil and
gas leases (and related assets) that constituted the Second Lien
Parties' Prepetition Collateral ("Sold Collateral") to BlueStone
Natural Resources II, LLC ("BlueStone") has locked in the amount of
the Second Lien Parties' Adequate Protection Claims and made them
ripe for adjudication.  It is in the interests of judicial economy
to adjudicate the amount of such claims now because... such amount
exceeds the distributable value of the Debtors' Estates regardless
of how the issues remaining in the pending adversary proceeding
initiated by the Creditors' Committee are resolved.  Thus,
determining the amount of the Adequate Protection Claims will
render the Adversary Proceeding moot and will pave the way for a
prompt resolution of these chapter 11 cases," the Second Lien
Parties aver.

As of December 31, 2014, the Debtors were indebted to the Second
Lien Parties in the amount of (i) approximately $610.2 million
under the Second Lien Credit Documents and (ii) approximately
$195.2 million under the Second Lien Indenture Documents ("Second
Lien Prepetition Obligations").  The Second Lien Prepetition
Obligations are secured by a second priority lien on (i) the
majority of the domestic proved oil and gas reserves and certain
related real and personal property of Quicksilver Resources, Inc.
("QRI"), (ii) the equity interests in certain of QRI's direct and
indirect subsidiaries, and (iii) proceeds of the foregoing.

The Second Lien Parties agreed to the Debtors' use of their Cash
Collateral to fund the continuation of the Debtors' operations and
preserve their going concern value while the Debtors pursued
restructuring, which potentially included a going-concern sale.
The Second Lien Parties consented to extend the term of the Court's
Cash Collateral Order to allow the Debtors to complete and
consummate the sale process.

The Second Lien Parties relate that the Cash Collateral Order
provides that the Second Lien parties are entitled to, among other
things, the Adequate Protection Claims in "an amount equal to the
aggregate post-petition diminution in value of the Second Lien
Parties' interest in the Prepetition Collateral resulting from the
sale, lease or use by the Debtors, or other decline in value, of
the Prepetition Collateral and the imposition of the automatic
stay."

The Second Lien Parties relate that at the conclusion of the
Court-approved auction, the Debtors selected BlueStone as the
successful bidder for certain of their oil and gas assets,
including the Sold Collateral.  They further relate that the
purchase price offered by BlueStone is $245 million in cash.  The
Second Lien Parties note that the Court approved the sale to
BlueStone and BlueStone paid the purchase price to the Debtors.

The Second Lien Parties aver that the Sale Order provides that all
Interests will attach to the proceeds of the Sale ultimately
attributable to the property against or in which the holder of an
Interest claims or may claim an Interest, in the order of their
priority, with the same validity, force and effect which they
currently have, subject to any claims and defenses the Debtors may
possess with respect thereto.  They further aver that the Sale
Order provides that all sale proceeds to be received by the Debtors
will "constitute proceeds, products, offspring, or profits of the
Prepetition Collateral in the same proportion that the value of the
Prepetition Collateral that constitute purchased Oil and Gas Assets
has to the value of all purchased Oil and Gas Assets, as such is
determined by the Bankruptcy Court."

The Second Lien Parties' Motion is scheduled for hearing on May 17,
2016 at 10:00 a.m.  

The Ad Hoc Group of the Second Lien Holders is represented by:

          Michael R. Nestor, Esq.
          Kara Hammond Coyle, Esq.
          YOUNG CONAWAY STARGATT & TAYLOR, LLP
          Rodney Square
          1000 North King Street
          Wilmington, DE 19801
          Telephone: (302)571-6600
          Facsimile: (302)571-1253
          E-mail: mnestor@ycst.com
                  kcoyle@ycst.com

                   - and -

          Dennis F. Dunne, Esq.
          Samuel A. Khalil, Esq.
          Brian Kinney, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY LLP
          28 Liberty Street
          New York, NY 10005-1413
          Telephone: (212)530-5000
          Facsimile: (212)530-5219
          E-mail: ddunne@milbank.com
                 skhalil@milbank.com
                 bkinney@milbank.com

                   - and -

          Andrew M. Leblanc, Esq.
          Aaron L. Renenger, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY LLP
          1850 K Street, N.W., Suite 1100
          Washington, DC 20006
          Telephone: (202)835-7500
          Facsimile: (202)263-7586
          E-mail: aleblanc@milbank.com
                  arenenger@milbank.com

The Second Lien Agent is represented by:

          Mitchell A. Seider, Esq.
          Christopher Harris, Esq.
          David A. Hammerman, Esq.
          Matthew L. Warren, Esq.
          LATHAM & WATKINS LLP
          885 Third Avenue
          New York, NY 10022-4834
          Telephone: (212)906-1200
          Facsimile: (212)751-4864
          E-mail: mitchell.seider@lw.com
                  christopher.harris@lw.com
                  david.hammerman@lw.com

The Bank of New York Mellon Trust Company, N.A. is represented by:

           Edward P. Zujkowski, Esq.
           Thomas A. Pitta, Esq.
           EMMET, MARVIN & MARTIN LLP
           120 Broadway, 32nd Floor
           New York, NY 10271
           Telephone: (212)238-3000
           Facsimile: (212)238-3100
           E-mail: ezujkowski@emmetmarvin.com
                   tpitta@emmetmarvin.com

                    About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc. is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11
of
the Bankruptcy Code in Delaware.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc., is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and a
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.

                           *     *     *

The Debtors won approval to sell substantially all assets to
BlueStone Natural Resources II, LLC.  BlueStone offered $240
million to acquire Quicksilver's oil and gas assets located in the
Barnett Shale in the Fort Worth basin of North Texas, and $5
million for those assets located in the Delaware basin in West
Texas.


QUICKSILVER RESOURCES: Want to Continue Using Cash Collateral
-------------------------------------------------------------
Quicksilver Resources Inc. and its affiliated debtors ask the U.S.
Bankruptcy Court for the District of Delaware to extend the terms
of the Court's Amended Final Order and allow the Debtors' continued
use of the cash collateral.

"As the Court is aware, the Debtors' consensual use of Cash
Collateral under the Amended Final Order is set to expire on April
30, 2016.  When the Amended Final Order was entered on December 14,
2015, the primary driving force behind the requested extension was
to provide the Debtors with critical access to Prepetition
Collateral, including Cash Collateral, while they sought to sell
substantially all of their U.S. assets.  The Debtors and their
advisors have now brought that process to a conclusion by receiving
Court approval of a $245 million all - cash sale to BlueStone
Natural Resources II, LLC ("BlueStone") on January 27, 2016 and
closing that transaction on April 6, 2016... With the sale of
substantially all of the Debtors' U.S. assets to BlueStone closed,
the principal remaining tasks in these chapter 11 cases are the
negotiation and prosecution of a plan of liquidation and the
distribution of sale proceeds to parties in interest.  The Debtors
continue to require access to Cash Collateral during that process
to fund their remaining operations (i.e., pay employees, preserve
remaining assets, etc.) and properly wind down their estates.  If
ongoing consensual access to Cash Collateral is not maintained, the
Debtors will be forced to either undertake the complex,
time-consuming, and costly task of determining what cash or other
assets, if any, remain unencumbered or, to the clear detriment of
all parties, convert these cases to cases under chapter 7.  Both
such results would materially harm the Debtors' estates and
creditors, and permitting either when these chapter 11 cases are
otherwise nearing their logical and value-maximizing conclusion
simply defies reason," the Debtors contend.

The Debtors believe that the more appropriate outcome is to
continue the carefully balanced Cash Collateral arrangement that
has been in place since the beginning of the cases while thy
progress toward confirmation of a liquidating plan.  The Debtors
contend that such arrangement should continue to include  adequate
protection payments to the Second Lien Parties, which, given the
availability of the recharacterization remedy, the sale price of
the Debtors' assets, and the Second Lien Parties' undersecured
position, are effectively nothing more than installment payments on
the Second Lien Parties' secured claims.

The material modifications reflected in the Second Amended Final
Order, among others, are as follows:

     (a) Termination: The Debtors' right to use Cash Collateral
pursuant to the Second Amended Final Order will instead terminate
without further notice or court proceeding on the earlier to occur
of (i) Aug. 15, 2016, or (ii) any of the Termination Events
specified in the Second Amended Final Order.

     (b) Cash Sweep: The requirement that the Debtors deposit into
the U.S. Operating Account on the first business day of each month
cash that does not constitute Cash Collateral in an amount equal to
no less than $7.5 million has been eliminated, effective May 1,
2016.

     (c) Reporting: Certain reporting requirements have been
modified or eliminated because, among other reasons, they are
either no longer (i) necessary in light of the sale to BlueStone or
(ii) possible due to the bifurcation of estates associated with
Canadian Borrower's commencement of cases under the Companies'
Creditors Arrangement Act in the Court of Queen's Bench in Alberta,
Canada on March 8, 2016.

The Debtors' Motion is scheduled for hearing on May 17, 2016 at
10:00 a.m.  The deadline for the filing of objections to the
Debtors' Motion is set on May 10, 2016 at 4:00 p.m.

Quicksilver Resources Inc. and its affiliated debtors are
represented by:

          Paul N. Heath, Esq.
          Amanda R. Steele, Esq.
          Rachel L. Biblo, Esq.
          RICHARDS, LAYTON & FINGER, P.A.
          One Rodney Square
          920 North King Street
          Wilmington, DE 19801
          Telephone: (302)651-7700
          Facsimile: (302)651-7701
          E-mail: heath@rlf.com
                  steele@rlf.com
                  biblo@rlf.com

                   - and -

          Charles R. Gibbs, Esq.
          Sarah Link Schultz, Esq.
          Travis A. McRoberts, Esq.
          AKIN GUMP STRAUSS HAUER & FELD LLP
          1700 Pacific Avenue, Suite 4100
          Dallas, TX 75201
          Telephone: (214)969-2800
          Facsimile: (214)969-4343
          E-mail: cgibbs@akingump.com
                  sschultz@akingump.com
                  tmcroberts@akingump.com

                    About Quicksilver Resources

Quicksilver Resources Inc. (OTCQB: KWKA) is an exploration and
production company engaged in the development and production of
long-lived natural gas and oil properties onshore North America.
Based in Fort Worth, Texas, the company claims to be a leader in
the development and production from unconventional reservoirs
including shale gas, and coal bed methane.  Following more than 30
years of operating as a private company, Quicksilver became public
in 1999.

The Company has U.S. offices in Fort Worth, Texas; Glen Rose,
Texas; Steamboat Springs, Colorado; Craig, Colorado and Cut Bank,
Montana.  The Company's Canadian subsidiary, Quicksilver Resources
Canada Inc. is headquartered in Calgary, Alberta.

On March 17, 2015, Quicksilver Resources Inc. and certain of its
affiliates filed voluntary petitions for relief under Chapter 11
of
the Bankruptcy Code in Delaware.  Quicksilver's Canadian
subsidiaries were not included in the chapter 11 filing.

The Company's legal advisors are Akin Gump Strauss Hauer & Feld
LLP
in the U.S. and Bennett Jones in Canada.  Richards Layton &
Finger,
P.A., is legal co-counsel in the Chapter 11 cases.  Houlihan Lokey
Capital, Inc., is serving as financial advisor.  Garden City Group
Inc. is the claims and noticing agent.

The Company's balance sheet at Dec. 31, 2014, showed $1.21 billion
in total assets, $2.35 billion in total liabilities and a
stockholders' deficit of $1.14 billion.

The U.S. Trustee for Region 3 appointed five creditors of
Quicksilver Resources Inc. to serve on the official committee of
unsecured creditors.

                           *     *     *

The Debtors won approval to sell substantially all assets to
BlueStone Natural Resources II, LLC.  BlueStone offered $240
million to acquire Quicksilver's oil and gas assets located in the
Barnett Shale in the Fort Worth basin of North Texas, and $5
million for those assets located in the Delaware basin in West
Texas.


REPUBLIC AIRWAYS: Committee Hires Skyworks as Financial Advisor
---------------------------------------------------------------
The Official Committee of Unsecured Creditors of Republic Airways
Holdings, Inc., et al., seeks authorization from the U.S.
Bankruptcy Court for the Southern District of New York to retain
Skyworks Capital, LLC as co-financial advisor to the Committee,
nunc pro tunc to March 4, 2016.

The Committee requires Skyworks to:

   (a) assess the Debtors' business and operations (including
       financial implications related thereto);

   (b) analyze the Debtors' aircraft fleet and fleet plan,
       including in relation to proposed negotiations of aircraft
       financing arrangements and section 1110 elections;

   (c) analyze the Debtors' fleet maintenance conditions,
       maintenance forecast and heavy maintenance contracts;

   (d) analyze claims arising from section 1110 elections;

   (e) assist with identifying and implementing aircraft
       redeployment opportunities and/or asset divestitures;

   (f) analyze the assumption and rejection issues regarding
       maintenance contracts and other executory contracts and
       leases;

   (g) assess the implications of restructuring activities on
       residual value guarantees;

   (h) analyze business implications and potential claims arising
       from modifications to Capacity Purchase Agreements;

   (i) expert testimony and written reports as may be requested
       by the Committee in support of services provided herein;
       and

   (j) provide such other advisory services with respect to the
       Company's financial issues as may from time to time be
       agreed upon between the Committee and SkyWorks.

SkyWorks will be paid at these hourly rates:

      Level                                     Hourly Rate
      -----                                     -----------
      Managing Director                          $1,050
      Senior Vice President                       $900
      Vice President                              $675
      Associate (Senior)                          $550
      Associate (Junior)                          $475
      Analyst (Senior)                            $400
      Analyst (Junior)                            $300

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

Steven T. Gaal, managing director of Skyworks Capital, 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.

SkyWorks can be reached at:

         Steven T. Gaal
         SKYWORKS CAPITAL, LLC
         283 Greenwich Avenue
         Greenwich, CT 06830
         Tel: (203) 983-6677
         Fax: (203) 983-6678

                      About Republic Airways

Republic Airways Holdings Inc., based in Indianapolis, is an
airline holding company (NASDAQ: RJET) that owns Republic Airline
and Shuttle America Corporation. Republic Airline and Shuttle
America -- http://www.rjet.com/-- offer approximately 1,000
flights daily to 105 cities in 38 states, Canada, the Caribbean,and
the Bahamas through Republic's fixed-fee codeshare agreements under
our major airline partner brands of American Eagle, Delta
Connection and United Express. The airlines currently employ about
6,000 aviation professionals.

On Feb. 25, 2016 Republic Airways Holdings Inc. and 6 affiliated
debtors each filed a voluntary petition for relief under Chapter 11
of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Southern District of New York. The Debtors
have requested that their cases be jointly administered under Case
No. 16-10429. The petitions were signed by Joseph P. Allman as
senior vice president and chief financial officer. Judge Sean H.
Lane has been assigned the cases.

As of Jan. 31, 2016, on a consolidated basis, Republic had assets
and liabilities of $3,561,000,000 and $2,971,000,000 (unaudited),
respectively.

Zirinsky Law Partners PLLC and Hughes Hubbard & Reed LLP are
serving as Republic's legal advisors in the restructuring. Seabury
Group LLC is serving as financial advisor. Deloitte & Touche LLP is
the independent auditor. Prime Clerk is the claims and noticing
agent.


RIO MOBILE: Case Summary & 5 Unsecured Creditors
------------------------------------------------
Debtor: Rio Mobile Home and R.V. Parks, Inc.
        8801 Boca Chica Boulevard
        Brownsville, TX 78521

Case No.: 16-10150

Chapter 11 Petition Date: May 10, 2016

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

Judge: Hon. Eduardo V Rodriguez

Debtor's Counsel: Marcos Demetrio Oliva, Esq.
                  MARCOS D. OLIVA, PC
                  223 W. Nolana
                  McAllen, TX 78504
                  Tel: 956-683-7800
                  Fax: 866-868-4224
                  E-mail: marcos@olivalawfirm.com

Total Assets: $16,117

Total Liabilities: $1.82 million

The petition was signed by Dean Gutierrez, Sr., president.

A list of the Debtor's five largest unsecured creditors is
available for free at http://bankrupt.com/misc/txsb16-10150.pdf


RUFFING CARE: Long-Term Care Ombudsman Satisfied With Closure
-------------------------------------------------------------
Beverly L. Laubert, the State Long-Term Care Ombudsman for Ohio,
has issued a report for Ruffing Care, Inc., dated May 2, 2016.

After Court approval of the sale of the home, the State Long-Term
Care Ombudsman reviewed Diana L. Ruffing's draft letter to
residents notifying them of the closure and suggested changes to
provide more thorough and accurate information.  On April 1, 2016,
four ombudsman representatives -- one from the state ombudsman
office and three from the regional program -- visited the homes and
talked with each resident and as many sponsors as possible.  Each
resident was interviewed to determine preferences for new homes.

Subsequently, the ombudsman representative made four visits and
numerous phone calls.  These contacts included providing
information about other homes, assuring that appropriate homes and
agencies completed requirements and processes such as level of care
determinations and assisted living assessments, and continuous
communication with Ruffing staff.  The last resident moved on April
25, 2016.  The ombudsman representative maintained a list of all
residents and their new addresses and has begun visiting each
resident to assure satisfaction with new living arrangements.

During the transition, the ombudsman made observations and
interviewed residents and families to continue monitoring quality
of services and identified no serious concerns.

She also reviewed and received detailed information about the
maintenance of resident fund accounts and return of funds that the
home managed and was satisfied with the outcome.

                        About Ruffing Care

Ruffing Care, Inc., filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ohio Case No. 16-32960) on Sept. 10, 2015.  The Debtor
operates a private nursing home.

Judge Mary Ann Whipple presides over the Debtors' cases.  The Law
Offices of Levinson LLP and Scott H. Scharf Co., LPA, serves as the
Debtors' counsel.

Pioneer Health Services listed $111,500 in total assets and $1.56
million in total liabilities.  The petition was signed by Diana L.
Ruffing, president.


SABINE OIL: Court Denies Creditors' Motion for Stay Pending Appeal
------------------------------------------------------------------
Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York, denied the Official Committee of
Unsecured Creditors of Sabine Oil & Gas Corporation, et al.'s
motion for stay pending appeal of the Court's order denying the
"STN Motions."

The STN Motions consist of: (i) the first and second Motions filed
by the Official Committee of Unsecured Creditors for leave,
standing and authority to commence and prosecute certain claims and
causes of action on behalf of the Debtors' estates; (ii) the Motion
filed by the Forest Notes Indenture Trustees for leave, standing
and authority to prosecute, and if appropriate, settle certain
claims on behalf of the estate of Debtor Sabine Oil & Gas
Corporation.

Objections to the Committee's Motion were filed by the Debtors and
Sabine Directors Duane Radtke, David Sabrooks, and John Yearwood.

"After balancing the parties' interests here and after considering
each of the factors in the test for granting a stay pending appeal,
the Court finds that the goals of promoting the restructuring of
the Debtors' obligations, the preservation of the Debtors'
business, and the Debtors' emergence from chapter 11 are issues of
significant public interest that are best met by denying the stay
requested here... the Court hereby denies the request for a stay.
Because the Court denies the Motion, it declines to address the
issue of whether the Committee should be required to post a bond at
this stage of the proceedings and also declines to rule on the
Committee's request for a stay of the effectiveness of the STN
Order to the extent it would cause the expiration of the Challenge
Deadline set forth in the Cash Collateral Order.  The Court will
address these issues in future proceedings should the need arise
subsequent to the disposition of the pending appeals.  The parties
are directed to submit an order consistent with this decision,"
Judge Chapman held.

Sabine Oil & Gas Corporation and its affiliated debtors are
represented by:

          James H.M. Sprayregen, Esq.
          Paul M. Basta, Esq.
          Jonathan S. Henes, Esq.
          Christopher Marcus, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          601 Lexington Avenue
          New York, NY 10022
          Telephone: (212)446-4800
          Facsimile: (212)446-4900
          E-mail: james.sprayregen@kirkland.com
                  paul.basta@kirkland.com
                  jonathan.henes@kirkland.com
                  christopher.marcus@kirkland.com

                   - and -

          Gabor Balassa, Esq.
          Ryan Blaine Bennett, Esq.
          A. Katrine (Katie) Jakola, Esq.
          Britt Cramer, Esq.
          KIRKLAND & ELLIS LLP
          KIRKLAND & ELLIS INTERNATIONAL LLP
          300 North LaSalle Street
          Chicago, IL 60654
          Telephone: (312)862-2000
          Facsimile: (312)862-2200
          E-mail: gabor.balassa@kirkland.com
                  ryan.bennett@kirkland.com
                  katie.jakola@kirkland.com
                  britt.cramer@kirkland.com

Sabine Directors Duane Radtke, David Sambrooks and John Yearwood
are represented by:

          Steven J. Reisman, Esq.
          Theresa A. Foudy, Esq.
          Kevin A. Meehan, Esq.
          CURTIS, MALLET-PREVOST,
          COLT & MOSLE, LLP
          101 Park Avenue
          New York, NY 10178
          Telephone: (212)696-8860
          Facsimile: (212)697-1559
          E-mail: sreisman@curtis.com
                  tfoudy@curtis.com
                  kmeehan@curtis.com

The Official Committee of Unsecured Creditors is represented by:

          Mark R. Somerstein, Esq.
          Keith H. Wofford, Esq.
          D. Ross Martin, Esq.
          Douglas Hallward-Driemeier, Esq.
          ROPES & GRAY LLP
          1211 Avenue of the Americas
          New York, NY 10036
          Telephone: (212)596-9000
          Facsimile: (212)596-9090
          E-mail: mark.somerstein@ropesgray.com
                 keith.wofford@ropesgray.com

Wells Fargo, National Association, as First Lien Agent, is
represented by:

          Margot B. Schonholtz, Esq.
          Robert H. Trust, Esq.
          LINKLATERS LLP
          1345 Avenue of the Americas
          New York, NY 10105
          Telephone: (212)903-9000
          Facsimile: (212)903-9100
          E-mail: margot.schonholtz@linklaters.com
                  robert.trust@linklaters.com

Wilmington Trust N.A., as Second Lien Agent, is represented by:

          Brian S. Hermann, Esq.
          Moses Silverman, Esq.
          Kyle J. Kimpler, Esq.
          PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
          1285 Avenue of the Americas
          New York, NY 10019
          Telephone: (212)373-3545
          Facsimile: (212)492-0545
          E-mail: bhermann@paulweiss.com
                  msilverman@paulweiss.com
                  kkimpler@paulweiss.com

FRC Founders Corporation, et. al., are represented by:

          Andrew J. Rossman, Esq.
          Susheel Kirpalani, Esq.
          Julia M. Beskin, Esq.
          QUINN EMANUEL URQUHART & SULLIVAN, LLP
          51 Madison Avenue, 22nd Floor
          New York, NY 10010
          Telephone: (212)849-7000
          Facsimile: (212)849-7100
          E-mail: andrewrossman@quinnemanuel.com
                  susheelkirpalani@quinnemanuel.com
                  juliabeskin@quinnemanuel.com

Richard J. Carty, et. al., are represented by:

          Kenneth R. David, Esq.
          Daniel A. Fliman, Esq.
          KASOWITZ, BENSON, TORRES & FRIEDMAN LLP
          1633 Broadway
          New York, NY 10019
          Telephone: (212)506-1893
          Facsimile: (212)506-1800
          E-mail: kdavid@kasowitz.com
                  dfliman@kasowitz.com

The Forest Notes Indenture Trustees are represented by:

          Robert J. Stark, Esq.
          Daniel J. Saval, Esq.
          BROWN RUDNICK LLP
          Seven Times Square
          New York, NY 10036
          Telephone: (212)209-4800
          Facsimile: (212)209-4801
          E-mail: rstark@brownrudnick.com
                  dsaval@brownrudnick.com

The Bank of New York Mellon Trust Company, N.A. as Trustee under
the 2017 Notes Indenture is represented by:

          Daniel H. Golden, Esq.
          Philip C. Dublin, Esq.
          Abid Qureshi, Esq.
          AKIN, GUMP, STRAUSS, HAUER & FELD LLP
          One Bryant Park
          New York, NY 10036
          Telephone: (212)872-8010
          Facsimile: (212)872-1002
          E-mail: dgolden@akingump.com
                  pdublin@akingump.com
                  aqureshi@akingump.com

                   - and -

          Edward P. Zujkowski, Esq.
          Thomas A. Pitta, Esq.
          EMMET, MARVIN & MARTIN, LLP
          120 Broadway, 32nd Floor
          New York, NY 10271
          Telephone: (212)238-3021
          E-mail: ezujkowski@emmetmarvin.com
                  tpitta@emmetmarvin.com

                About Sabine Oil & Gas Corporation

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.


SEMINARY WOODS: Bid for Real Property Due May 22
------------------------------------------------
By order of the United States District Court, Western District of
Kentucky, Louisville Division (Case No. 3:13-CV-297-CRS) and
pursuant to Section 2001(b), notice is given of a final offer for
the private sale of real property in action styled PNC Bank,
National Association v. Seminary Woods LLC et al.

The Court has preliminary approved Regency Tower Acquisition LLC as
top bidder for the purchase of the real property, a condominium
development owned by Seminary Woods, located at 600 Seminary Woods
Place in Louisville, Jefferson County, Kentucky for $9,025,000.

Pertinent terms of the purchase offer from Regency Tower are:

     a) an earnest money deposit of $100,000 upon acceptances of
offer;

     b) $100,000 additional escrow fund 30 days thereafter;

     c) due diligence period of 30 days;

     d) close date within 30 days following due diligence period;

     e) purchaser will pay for survey, title insurance policy, all
third-party reports and all transfer taxes; and

     f) property to be conveyed by quitclaim deed.

Any offer of 10% or greater of the offering price is required to be
considered by the Court.  Any qualified person or entity desiring
to submit a bona fide offer must send the offer to:

   NTS Development Company
   Attn: Brian F. Lavin
   600 North Hurstbourne Parkway, Suite 300
   Louisville, Kentuck 40222

Offer can also be send to regencytowersale@ntsdevco.com

All bona fide offers must be received in writing 14 days from May
22, 2016.  A confirmation hearing will take place on June 15, 2016,
at 3:00 p.m., eastern daylight saving time, at the United States
District Court, Western District of Kentucky, 601 West Broadway,
Louisville, Kentucky.


SFX ENTERTAINMENT: Bar Date for Filing Proofs of Claim Set
----------------------------------------------------------
U.S. Bankruptcy Judge Mary F. Walrath has set the general bar date
for filing proofs of claim so as to be actually received on or
before 5:00 p.m. (Prevailing Eastern Time) on the date that is 33
days after mailing of the Bar Date Notice.  The Governmental Unit
Bar Date is set on Aug. 1, 2016, at 5:00 p.m. (Prevailing Eastern
Time).

                      About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.


The Debtors disclosed total assets of $661.6 million and total
debts of $490.2 million.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: Can Employ E&Y as Tax Advisor
------------------------------------------------
U.S. Bankruptcy Judge Mary F. Walrath authorized SFX Entertainment,
Inc., to retain and employ Ernst & Young LLP as tax advisors to the
Debtors, nunc pro tunc to Feb. 25, 2016.

E&Y LLP's fees for its services will be based on the time that its
professionals spend performing them, as adjusted annually on July 1
while such services are being performed.  The rates, by level of
professional, currently are as follows:

         Principal/Partner             $965
         Executive Director            $916
         Manager/Senior Manager     $720 to $815
         Staff/Senior               $300 to $535

In addition to the fees set forth above, the Debtors have agreed to
reimburse E&Y LLP for direct expenses incurred in connection with
the performance of the services.

Howard J. Tucker, a partner of E&Y LLP, assures 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 Debtor.

                      About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.


The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Greenberg Traurig, LLP, serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: Can Implement Key Employee Retention Plan
------------------------------------------------------------
SFX Entertainment, Inc., sought and obtained authorization to
implement key employee incentive plans and a key employee retention
plan.  The Court also granted administrative expense status to
bonuses paid under the plans.

Without the expertise of the Debtors' senior management teams to
efficiently and effectively operate the Debtors' businesses and the
proper incentives to induce them to commit the time necessary to
successfully navigate the Debtors through the Chapter 11 cases, the
Debtors' ability to successfully reorganize will be significantly
inhibited.  It is critical that the Debtors' senior managers, who
continue to work against the backdrop of uncertainty regarding
their continued employment, be properly incentivized and motivated
to work harder than ever before to enhance the Debtors' operational
performance and execute a comprehensive restructuring so as to
maximize value for all of the Debtors' constituents.

The Debtors worked with their advisors, their crisis and turnaround
manager, FTI Consulting, Inc., their Chief Restructuring Officer,
Michael Katzenstein and their Associate Chief Restructuring
Officer, Christopher Nicholls, to develop the terms of the KEIPs
and to establish a structure for incentives thereunder designed to
motivate the participants in each KEIP to help the Debtors achieve
certain important business objectives throughout these Chapter 11
Cases.  KEIP payouts would not be made until the Debtors emerge
from chapter 11, the Debtors seek to assure KEIP Participants that
their continued hard work and success will ultimately be rewarded.
In the Debtors' business judgment, incentivizing the KEIP
Participants is critical in order to ensure that these key members
of the Debtors' retained businesses continue in their efforts to
successfully maximize value for the benefit of all of the Debtors'
stakeholders.

FTI has determined the cost of the proposed KEIPs to be within the
range of market practice as compared to the plans proposed and
approved at similarly-situated companies.  Payments under both
KEIPs will not exceed $200,000 per KEIP Participant, or 80% of
annual base salary, with proposed target payments ranging from
$60,000 to $150,000 and maximum payments ranging from $110,000 to
$200,000. In the aggregate, the proposed target cost is $975,000,
with a maximum total cost for the nine currently and tentatively
identified KEIP Participants of $1.5 million.  As a percentage of
the target award, the maximum total awards for currently and
tentatively identified KEIP Participants is approximately 154%,
which is nearly within the range found in comparable plans proposed
by similarly-situated companies.  The target payments under the
proposed KEIPs range from 25% to 60% of the KEIP Participants'
annual base salary.  Therefore, the individual and aggregate target
and maximum payments are well within the range of comparable KEIP
transactions.

The assistance of the KEIP Participants will be critical to the
Debtors' ability to drive an expeditious chapter 11 process and
maximize value for the Debtors' estates.  Not only have the KEIP
Participants continued to fulfill the normal tasks and projects
required by the normal terms of their employment, but they have
been, and will continue to be, required to expend additional time
and resources on tasks relating to the Debtors' reorganization
process.

In order to effectively and efficiently accomplish a successful
restructuring and reorganization that maximizes recovery for all
stakeholders, the Debtors determined that formulating the KEIPs was
in the best interest of their estates and all parties in interest.
The KEIPs will help ensure that the key executives and employees
designated by the CRO, in consultation with the Special Committee,
are properly motivated to maximize value for the Debtors, their
estates, their creditors and other parties in interest.  The use of
key employee incentive plans is common practice in chapter 11
cases.  The structure of the plans varies based on the unique
circumstances of each case, but the general terms and conditions
are consistent with the KEIPs proposed by the Debtors.

                       U.S. Trustee Objects

Acting U.S. Trustee Andrew Vara tells the Court that SFX does not
disclose in the Incentive Program Motion who will be participating
in the Incentive Programs, such persons' job titles,
responsibilities, current salaries, and proposed incentive payment
amounts, nor do they disclose the revenue or other goals that will
entitle participants to receive incentives or payments.

SFX does not, because it cannot, explain in the Incentive Program
Motion how the revenue and other Incentive Program targets were
established, because the Incentive Program Motion seeks prospective
approval of Incentive Programs that have not yet been developed.

This leaves the U.S. Trustee, the Court, and other
parties-in-interest to speculate on the degree of difficulty in
achieving those targets and whether those performance goals
virtually guarantee that prospective participants (whoever they
are) will receive payments under the Incentive Programs.

In addition, SFX does not disclose in the Incentive Program Motion
the dates and amounts of any bonuses or incentive compensation
already paid to potential participants during the one-year period
preceding the petition date.  Similarly, SFX does not disclose
whether the Incentive Programs are in lieu of, or in addition to,
other bonuses or incentive compensation that may be earned by
participants.

The U.S. Trustee is represented by:

         Hannah Mufson McCollum, Esq.
         J. Caleb Boggs Federal Building
         844 N. King Street, Room 2207, Lockbox 35
         Wilmington, DE 19801
         Tel: (302) 573-6491
         E-mail: hannah.mccollum@usdoj.gov

                   Debtors Reply to Objection

Although the U.S. Trustee now has no objection to the content of
the Plan, the U.S. Trustee objects to the Debtors' efforts to file
under seal the identities of the non-core business unit (NCU) KEIP
Participants, their respective salary amounts, and the hurdle sale
prices set by the Debtors to establish thresholds for each NCU
before the NCU KEIP Participants may receive payments.

The Debtors have proposed to disclose (i) the hurdle sale prices in
respect of a particular NCU following the closing of the sale of
such NCU; and (ii) the identities of the NCU KEIP Participants and
their respective salary and bonus amounts following the closing of
all three NCUs designated for sale.  The Debtors believe this
represents a reasonable resolution to the Objection.  

The proposed NCU KEIP is specifically designed to incentivize
senior management of the NCUs to obtain the greatest possible
recovery for stakeholders for a sale of the Debtors' respective
NCUs.  In order to achieve the NCU KEIP targets, senior management
will assume significant additional duties related to the NCU sales,
including responding to diligence requests and continuing to
perform their day-to-day job functions.  Without the diligent and
motivated assistance of these critical managers, the Debtors'
efforts to market and sell the NCUs -- and by extension, the
Debtors' restructuring efforts -- will be significantly harmed.
The Debtors seek to file information relating to the NCU KEIP
Participants' identities, salaries and bonus amounts under seal so
these critical managers are not distracted from their efforts to
maximize value for the Debtors' estates.  Further, the Debtors seek
to file the sale hurdle prices under seal so as not to artificially
impair their NCU sale processes.

                        Committee Responds

The Committee states that the Motion did not contain the necessary
data or information to enable the Committee to evaluate the merits
of the NCU KEIPs and NCU KERPs or the proposed payments to be made.
The Committee communicated its concerns and informational requests
to the Debtors.  The Committee was also not provided with the
analyses used by the Debtors' financial advisors to support the
contention that the NCU KEIPs and NCU KERPs are consistent with
market norms.

The Committee's professionals communicated these concerns to the
Debtors.  On March 15, 2016, the Debtors provided the Committee's
professionals with a confidential information package providing
additional information on the NCU KEIPs and NCU KERPs.  This
information included, among other things, the program benchmarks,
performance metrics, proposed payments and the names and job titles
of each participant that were absent from the Motion.  On March 16,
2016, the Committee's professionals discussed the Committee's
concerns with the CRO and the Debtors' professionals and was
advised that the Debtors will be supplementing the Motion with
additional information to address the Committee's concerns as well
as concerns of the Office of the United States Trustee.  The
Debtors' subsequent disclosures and representations, as more fully
explained below, have addressed the substantive issues and concerns
regarding the implementation of the proposed NCU KEIPs and NCU
KERPs and, based thereon the Committee does not oppose the Motion.

The Committee is represented by:

         Bradford Sandler, Esq.
         Debra I. Grassgreen, Esq.
         Pachulski Stang Ziehl & Jones LLP
         919 North Market Street, 17th Floor
         Wilmington, DE 19801
         Tel: (302) 652-4100
         Fax: (302) 652-4400
         E-mail: bsandler@pszjlaw.com
                 dgrassgreen@pszjlaw.com

                  About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.


The Debtors disclosed total assets of $661.6 million and total
debts of $490.2 million.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: Files Schedules of Assets and Liabilities
------------------------------------------------------------
SFX Entertainment, Inc., filed with the U.S. Bankruptcy Court for
the District of Delaware its schedules of assets liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $8,802,398
  B. Personal Property          $213,050,003
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $325,000,000
  E. Creditors Holding
     Unsecured Priority
     Claims                                           $40,390
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                      $126,308,507
                                 -----------      -----------
        Total                   $221,852,401     $451,348,897

A copy of the Amended Schedules is available for free at:

                     http://is.gd/eBWzav

                  About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.


The Debtors disclosed total assets of $661.6 million and total
debts of $490.2 million.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: Seeks to Extend Removal Deadline to July 29
--------------------------------------------------------------
SFX Entertainment, Inc., seeks entry of an order enlarging the time
to file notices of removal under Bankruptcy Rule 9027(a) through
the later of: (i) July 29, 2016, which is 89 days after the current
deadline for the Debtors to file notices to remove claims or causes
of action which were pending as of the Petition Date; or (ii) any
later date prescribed by Bankruptcy Rule 9027(a)(2) and (a)(3).

The Debtors are party to multiple civil proceedings which will
require a case-by-case analysis to determine the merits of seeking
the removal as to each case.  However, the Debtors have been forced
to focus on a myriad of other time-sensitive items in the early
days of these Chapter 11 Cases, including, among other things,
debtor-in-possession financing issues, numerous operational issues
and issued related to the Debtors' foreign non-Debtor subsidiaries,
non-core asset sales, and preparing the Debtors' schedules and
statements of financial affairs for these Chapter 11 Cases.  As a
result, the Debtors and their professionals have not yet determined
whether the Debtors should seek removal of any proceedings pursuant
to Bankruptcy Rule 9027(a).  Accordingly, the Debtors believe that
the most prudent and efficient course of action is to extend the
removal period by 89 days through and including July 29, 2016.

                  About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.


The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Greenberg Traurig, LLP, serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.

Judge Mary F. Walrath is assigned to the case.


SFX ENTERTAINMENT: US Trustee Appoints Consumer Privacy Ombudsman
-----------------------------------------------------------------
U.S. Bankruptcy Judge Mary F. Walrath has directed the U.S. Trustee
to appoint a Consumer Privacy Ombudsman in accordance with Section
332(a) of the Bankruptcy Code.

As a result, Andrew R. Vara, Acting United States Trustee for
Region 3, appointed Elise S. Frejka as the Consumer Privacy
Ombudsman.  

Ms. Frejka can be contacted at:

         Elise S. Frejka
         Frejka PLLC
         205 East 42nd Street, 20th Floor
         New York, NY 10017
         Tel: (212) 641-0848

The Consumer Privacy Ombudsman (CPO) will be compensated upon
approval of the Court and the request for compensation for time
charges and reimbursable expenses of the CPO and any professionals
the CPO in his duties.

                    About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $661.6 million and total
debts of $490.2 million.

Greenberg Traurig, LLP serves as the Debtors' counsel.   Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  

Judge Mary F. Walrath is assigned to the case.


SH 130 CONCESSION: Seeks Nod to Hire Jackson Walker
---------------------------------------------------
SH 130 Concession Company, LLC, is seeking approval to employ
Jackson Walker LLP as secondary counsel.

The Debtors filed a supplement to the application to clarify, to
the extent necessary, that the proposed scope of their requested
retention of Jackson Walker includes representation of the Debtors
on a post-petition basis for various non-bankruptcy matters,
including corporate, litigation, and general business matters in
addition to representation in these bankruptcy cases.  

Furthermore, Jackson Walker will segregate time allocable to such
representation in a separate billing category for "Non-bankruptcy
matters" or "Business Operations," as appropriate.  The Application
includes a request to retain Jackson Walker for representation on a
postpetition basis for such various non-bankruptcy matters, and the
scope of Jackson Walker's representation of the Debtors in these
bankruptcy cases specifically includes these non-bankruptcy matters
occurring in the ordinary course of the Debtors' businesses.

                     About SH 130 Concession

Headquartered in Buda, Texas, SH 130 Concession Company, LLC (the
"Concessionaire") was formed to finance, develop, design,
construct, operate, and maintain segments five and six of Texas
State Highway 130 (the "Tollway") in partnership with the Texas
Department of Transportation.

The Concessionaire, Zachry Toll Road - 56 LP and Cintra TX 56 LLC
filed Chapter 11 bankruptcy petitions (Bankr. W.D. Tex. Case Nos.
16-10262, 16-10263 and 16-10264, respectively) on March 2, 2016.
The petitions were signed by Alfonso Orol as chief executive
officer.  The Debtors estimated both assets and debts in the range
of $1 billion to $10 billion.

Toll Road - 56 and TX 56 are holding companies that collectively
hold the equity interests in the Concessionaire.  They have no
operations and have no creditors.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Jackson Walker L.L.P. as local counsel, and Prime Clerk
LLC as notice, claims, solicitation, balloting and tabulation
agent.

Judge Tony M. Davis has been assigned the case.


SPINNERET ACQUISITIONS: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------------------
The U.S. trustee for Region 17 on May 10 appointed three creditors
of Spinneret Acquisitions, LLC, to serve on the official committee
of unsecured creditors.

The committee members are:

     (1) Ruppert Family Electronics
         dba: Alpine Electronics
         Attn: Julie Ruppert
         2211 Lincoln Ave.
         San Jose, CA 95125

     (2) Heilind Electronics
         Attn: Sandy Fritchie
         26570 Aqoura Rd., #100
         Calabasas, CA 91302

     (3) Anixter Inc.
         Attn: Melissa Kobus
         5055 E. Landon Dr.
         Anaheim, CA 92807

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 Spinneret Acquisitions

Spinneret Acquisitions, LLC sought protection under Chapter 11 of
the Bankruptcy Code in the Northern District of California (San
Jose) (Case No. 16-51191) on April 21, 2016.  The petition was
signed by David McKee, authorized representative.

The Debtor is represented by Robert M. Aronson, Esq., at the Law
Office of Robert M. Arons. The case is assigned to Judge Dennis
Montali.

The Debtor disclosed total assets of $1.27 million and total debts
of $2.32 million.


STEREOTAXIS INC: Reports 2016 First Quarter Financial Results
-------------------------------------------------------------
Stereotaxis, Inc., reported a net loss of $2.27 million on $8.64
million of total revenue for the three months ended March 31, 2016,
compared to a net loss of $3.13 million on $9.53 million of total
revenue for the same period in 2015.

As of March 31, 2016, Stereotaxis had $15.2 million in total
assets, $34.8 million in total liabilities and a total
stockholders' deficit of $19.6 million.

"We made significant progress in several strategic areas in the
first quarter, including continued year-over-year growth of
ventricular tachycardia (VT) procedures and further momentum in our
newest major market--Japan," said William C. Mills, Stereotaxis
chief executive officer.  "With our third consecutive quarter of
greater than 20% year-over-year growth in VT procedures, we are
beginning to see the benefits of our ongoing efforts to build
awareness worldwide of the outstanding efficacy, efficiency, and
safety of our technology with these complex and, typically, very
challenging procedures.

"In March, we announced the publication of a special supplement to
the Journal of Cardiovascular Electrophysiology, which features
seven peer-reviewed clinical papers studying the results of the use
of our magnetic navigation platform in ablation of complex
arrhythmias, including VT.  As the body of independent clinical
evidence supporting the unique capabilities of our platform in VT
ablations continues to grow, we believe we are well positioned to
build a significant franchise in this relatively untapped market.
At the same time, we are very gratified by the improved clinical
outcomes being achieved with our platform in atrial fibrillation
(AF) procedures, such as those reported recently by Lund University
Hospital in Sweden.  Physicians should continue to see outstanding
results in AF as we further develop and commercialize an expanded
set of cutting-edge automation features.  This progress, combined
with our growing success in VT, helped stabilize total procedure
count for the quarter compared to last year and enabled our highest
quarterly volume since the fourth quarter of 2014.

"During the quarter, we shipped our fourth Niobe system to Japan
and reached a milestone of more than 120 patients treated with the
Niobe system at Takatsuki General Hospital, which completed patient
enrollment for the required post-market surveillance in this key
market.  The Asia-Pacific market is emerging as a meaningful
contributor to procedure growth, with procedures increasing
approximately 100% year over year in the first quarter and now
representing nearly 10% of our total procedures worldwide," Mr.
Mills concluded.

At March 31, 2016, Stereotaxis had cash and cash equivalents of
$1.6 million and unused borrowing capacity of $4.9 million on its
revolving line of credit with Silicon Valley Bank, resulting in
total liquidity of $6.5 million.  Cash burn was $3.2 million for
the trailing twelve months, including cash burn of $3.9 million
during the 2016 first quarter and free cash flow of $1.6 million
during the fourth quarter.  Cash burn in the first quarter 2016
increased compared to the prior year first quarter cash burn of
$3.3 million due to working capital adjustments.  The Company has
total debt of $18.1 million related to HealthCare Royalty Partners
long-term debt, net of deferred financing costs of $0.3 million.

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

                       https://is.gd/SwanXa

                         About Stereotaxis

Based in St. Louis, Missouri, Stereotaxis, Inc., is a manufacturer
and developer of a suite of navigation systems in interventional
surgical procedures.  The Company's Epoch Solution is used in the
treatment of arrhythmias and coronary artery disease.

Stereotaxis reported a net loss of $7.35 million on $37.67 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $5.20 million on $35.01 million of total revenue for
the year ended Dec. 31, 2014.


In its report on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, Ernst & Young LLP, in St. Louis,
Missouri, issued a "going concern" qualification stating that
the Company has incurred recurring losses from operations and has a
net capital deficiency that raise substantial doubt about the
Company's ability to continue as a going concern.


SUNDEDISON, INC: Court Grants Interim Approval of DIP Financing
---------------------------------------------------------------
SunEdison, Inc., and its affiliated debtors sought and obtained
from Judge Stuart M. Bernstein, of the U.S. Bankruptcy Court for
the Southern District of New York, authorization to obtain
postpetition financing in the interim.

The DIP Financing contains, among others, these relevant terms:

     (1) DIP Lenders: Banks and other Banks and other financial
institutions or entities from time to time party to the DIP Credit
Agreement as lenders.

          (i) Tranche A Lenders – initially, certain Prepetition
First Lien Lenders and their affiliates.

          (ii) Tranche B Lenders – initially, certain Prepetition
Second Lien Lenders and Prepetition Second Lien Noteholders and
their respective affiliates and financial institutions.

     (2) Agent: Deutsche Bank AG New York Branch, as Administrative
Agent

     (3) Borrower: SunEdison, Inc.

     (4) Guarantors: Certain subsidiaries of the Borrower
identified in the DIP Credit Agreement and each other subsidiary of
the Borrower who becomes a guarantor.

     (5) Commitment:

          (i) Term Loan Facility: $300 million, $90 million of
which is available in connection with the Interim Order.

          (ii) Letter of Credit Facility: Deemed replacement of any
Prepetition First Lien Letters of Credit which are extended or
renewed during the period from the effective date of the DIP Credit
Agreement until the entry of the Final Order with letters of credit
issued under the DIP Credit Agreement.

     (6) Term/Maturity: The maturity date of the DIP Credit
Agreement is the earliest of (a) the Business Day that is first
anniversary of the date on which the condition to the initial
funding have been satisfied, (b) 35 days after the entry of the
Interim Order provided that approval by the Required Lenders to
extend such period to 45 days after the entry of the Interim Order,
if the Final Order has not been entered prior to the expiration of
such period will not be unreasonably withheld, (c) the substantial
consummation (which will be no later than the "effective date"
thereof) of a plan of reorganization filed in the Chapter 11 Cases
that is confirmed pursuant to an order entered by the Court, (d)
the consummation of a sale of all or substantially all of the
assets of the Loan Parties pursuant to section 363 of the
Bankruptcy Code, and (e) the acceleration of the loans and the
termination of all commitments in accordance with the DIP Credit
Agreement.

     (7) Interest Rates:  

          (i) Each loan that is a Base Rate Loan pursuant to the
DIP Credit Agreement will bear interest on the outstanding
principal amount thereof from the applicable borrowing date at a
rate per annum equal to the "Base Rate" plus the "Applicable
Rate".

          (ii) Each loan that is a Eurocurrency Rate Loan will bear
interest on the outstanding principal amount thereof at a rate per
annum equal to the Eurocurrency Rate plus the Applicable Rate.

"Without access to the DIP Facilities, the Debtors' business would
suffer immediate harm. The DIP Facilities address the Debtors'
deteriorating liquidity situation by providing the Debtors' with
necessary capital to preserve the value of their estates. Without
the DIP Facilities, the Debtors would be unable to meet their
operational expenses and many of their projects would wither on the
vine.  Moreover, the DIP Facilities ensure that the Debtors can
continue to support their TerraForm Power and TerraForm Global
subsidiaries to which the Debtors provide personnel, operating and
maintenance, corporate overhead, and other services and from which
the Debtors' derive a substantial value," the Debtors averred.

A full-text copy of the Interim Order, dated April 26, 2016, is
available at http://is.gd/I0nDzJ

SunEdison, Inc., and its affiliated debtors are represented by:

          Jay M. Goffman, Esq.
          J. Eric Ivester, Esq.
          SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
          Four Times Square
          New York, NY 10036-6522
          Telephone: (212)735-3000
          Facsimile: (212)735-2000
          E-mail: jay.goffman@skadden.com
                 eric.ivester@skadden.com

                   - and -

          James J. Mazza, Jr., Esq.
          Louis S. Chiappetta, Esq.
          SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
          155 N. Wacker Dr.
          Chicago, IL 60606-1720
          Telephone: (312)407-0700
          Facsimile: (312)407-0411
          E-mail: james.mazza@skadden.com
                 louis.chiappetta@skadden.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: Creditors Committee Taps Weil Gotshal for Advice
---------------------------------------------------------------
The newly minted Official Committee of Unsecured Creditors in the
Chapter 11 cases of SunEdison, Inc., and its affiliated debtors
have hired as proposed bankruptcy counsel:

     Matthew S. Barr, Esq.
     David J. Lender, Esq.
     Jonathan D. Polkes, Esq.
     Joseph H. Smolinsky, Esq.
     Jill Frizzley, Esq.
     WEIL, GOTSHAL & MANGES LLP
     767 Fifth Avenue
     New York, New York 10153
     Telephone: (212) 310-8000
     Facsimile: (212) 310-8007
     E-mail: matt.barr@weil.com
             david.lender@weil.com
             jonathan.polkes@weil.com
             joseph.smolinsky@weil.com
             jill.frizzley@weil.com

As reported by the Troubled Company Reporter, the Office of the
U.S. Trustee on April 29 appointed seven creditors of SunEdison,
Inc., to serve on the Committee.  The 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.

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


TESORO LOGISTICS: Moody's Assigns Ba3 Rating on $600MM Sr. Notes
----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Tesoro
Logistics, L.P. proposed aggregate offering of $600 million senior
unsecured notes.  The notes are being co-issued by Tesoro Logistics
Finance Corp.  The company primarily intends to use the notes
proceeds to repay borrowings outstanding under both of TLLP's
revolving credit facilities.  TLLP's Ba2 Corporate Family Rating,
stable outlook, and all other ratings are unchanged.

As of March 31, 2016, TLLP had a combined $535 million outstanding
under its revolving credit facilities.  Borrowings consisted of
$285 million of borrowings outstanding under its $600 million
revolver, and $250 million outstanding under its $1 billion
dropdown revolver.  The $600 million of proceeds from this
offering, will solidify the company's liquidity, ensuring ample
availability under both revolvers throughout 2016.

"TLLP's proposed bond offering is a largely debt neutral
transaction which will provide full borrowing capacity under its
revolving credit facilities to fund its continued growth,"
commented Arvinder Saluja, Moody's Vice President -- Senior
Analyst.

Issuer: Tesoro Logistics, L.P.

Ratings Assigned:

  Add-on $250 Million Senior Unsecured Notes due 2021, Assigned at

   Ba3 (LGD4)
  $350 Million Senior Unsecured Notes due 2024, Assigned at Ba3
   (LGD4)

RATINGS RATIONALE

TLLP's senior unsecured notes are rated Ba3, reflecting their
junior position to both senior secured first lien revolving credit
facilities' priority claim to company assets.  The size of the
senior secured claims relative to TLLP's outstanding senior
unsecured obligations results in the notes being rated one notch
below the Ba2 CFR, consistent with Moody's Loss Given Default
Methodology.  The unsecured notes have upstream guarantees from
substantially all of TLLP's subsidiaries.

TLLP's Ba2 CFR reflects its size and scale, and its importance to
its general partner, Tesoro Corporation ("TSO", Ba1 positive), as
the MLP provides critical infrastructure and a coordinated growth
strategy.  TLLP's CFR also reflects its stable cash flows from
meaningful levels of long-term, fee-based contracts with minimum
volume commitments, and its growth potential.  Additional support
from TSO is derived from supportive contract structures and its
sizeable ownership stake in TLLP.  The rating is restrained by
TLLP's limited track record as both a MLP and with its portfolio of
assets, an aggressive growth strategy and high distributions
associated with its MLP structure.  TLLP also has slightly elevated
leverage (around 4.5x for LTM ended March 31, 2016,) which if it
deteriorates might prompt a negative outlook.

The company's SGL-3 rating reflects Moody's expectation for
adequate liquidity into mid-2017.  Pro forma for the proposed notes
offering and repayment of revolver borrowings, liquidity is
supported by $69 million of cash at March 31, 2016, as well as a
combined $1.6 billion of undrawn borrowing capacity under its two
first lien revolving credit facilities.  The liquidity profile is
constrained by the company's high payout ratio and need to finance
any material growth through external sources.  Both credit
facilities are secured by substantially all of TLLP's assets, and
mature in January 2021.  Financial covenants require the interest
coverage ratio to be at least 2.5x; consolidated net debt to EBITDA
to be no greater than 5x, with an expansion to 5.5x during an
acquisition period; and senior secured debt to EBITDA to be no
greater than 3.75x, with an expansion to 4x during an acquisition
period.  Moody's expects adequate covenant compliance headroom
through 2016.

TLLP's stable rating outlook assumes that the company will maintain
adequate distribution coverage (over 1x) and leverage under 5x.
Its ratings could be upgraded if the company is successful in
growing its size and scale while maintaining a favorable business
risk profile and sustaining lower financial leverage (debt/EBITDA
maintained at 4x or below).  On the other hand, its outlook could
be changed to negative or the ratings downgraded if debt/EBITDA
were to be sustained above 4.5x, which could occur because of
execution risks due to the acquisition, or if the company acquired
a significant amount of new assets with a weak business risk
profile.  If TSO's credit quality were to materially decline, this
would also pressure TLLP's ratings.

The principal methodology used in these ratings was Global
Midstream Energy published in December 2010.

Tesoro Logistics, L.P. is a master limited partnership
headquartered in San Antonio, Texas.



TESORO LOGISTICS: S&P Assigns 'BB' Rating on Proposed $350MM Notes
------------------------------------------------------------------
S&P Global Ratings Services assigned its 'BB' issue-level rating
and '4' recovery rating to Tesoro Logistics L.P. and Tesoro
Logistics Finance Corp.'s proposed $350 million senior unsecured
notes due 2024.

S&P's 'BB' issue-level rating and '4' recovery rating on Tesoro
Logistics L.P. and Tesoro Logistics Finance Corp.'s $550 million
6.125% senior unsecured notes due 2021 are unchanged after the
partnership announced its proposal to issue a $250 million add-on
to the notes.  The notes will total $800 million.

The recovery rating of '4' indicates S&P's expectation of average
(30% to 50%; higher end of the range) recovery if a payment default
occurs.  The partnership intends to use gross proceeds of the 2021
notes to repay amounts outstanding under the partnership's $1
billion dropdown credit facility, which amounts were used to pay
off all amounts outstanding under and terminate the $250 million
term loan facility.  The proceeds of the term loan were used to
fund a portion of the consideration for the storage and handling
assets acquisition from Tesoro in November 2015.  Tesoro Logistics
intends to use the net proceeds of the 2024 notes offering to repay
amounts outstanding under the $600 million revolving credit
facility and for general partnership purposes.

San Antonio-based Tesoro Logistics is a midstream energy
partnership that gathers, transports, and stores crude oil and
distributes, transports, and stores refined products.  The
partnership also owns and operates four natural gas processing
complexes and one fractionation facility.  S&P's corporate credit
rating on Tesoro Logistics is 'BB', and the outlook is positive.

RATINGS LIST

Tesoro Logistics L.P.
Corporate Credit Rating         BB/Positive/--

Tesoro Corp.
Corporate Credit Rating         BB+/Positive/--

New Rating

Tesoro Logistics L.P.
Tesoro Finance Corp.
$350 Mil. Senior Unsecured
     Notes Due 2024              BB
   Recovery Rating               4H



TIMBERVIEW VETERINARY: Seeks to Hire Brown Schultz as Accountant
----------------------------------------------------------------
Timberview Veterinary Hospital, Inc., asks the Bankruptcy Court for
authority to retain John P. Weidman, CPA, of Brown Schultz Sheridan
& Fritz, as accountant.

Brown Schultz Sheridan & Fritz and John P. Weidman, CPA have
performed services for the Debtor prepetition.  However, all such
pre-petition sums were either paid in full in the ordinary course
of business, or written off to the extent unpaid as of the date of
the Petition.  As such, Brown Schultz Sheridan & Fritz and John P.
Weidman, CPA, are familiar with the Debtor's operations and
finances.  Further, the Debtor believes the services to be provided
by Brown Schultz Sheridan & Fritz and John P. Weidman, CPA are
necessary to an effective reorganization.

All associates at Brown Schultz Sheridan & Fritz will be
compensated at their appropriate hourly rates, based upon
experience and seniority, upon approval of the Bankruptcy Court.

                    About Timberview Veterinary

Timberview Veterinary Hospital, Inc., filed a Chapter 11 bankruptcy
petition (Bankr. M.D. Pa. Case No. 16-01442) on Apr. 6, 2016.  The
Debtor operates a private nursing home.

Henry W. Van Eck, Esq., serves as the Debtor's counsel.

Pioneer Health Services listed estimated assets of between
$0-$50,000 and estimated liabilities of between $100,001 and
$500,000.  The petition was signed by Sara E. Mummart, president.


TRACK GROUP: Incurs $1.92 Million Net Loss in Second Quarter
------------------------------------------------------------
Track Group, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
attributable to common shareholders of $1.92 million on $6.59
million of total revenues for the three months ended March 31,
2016, compared to net income attributable to common shareholders of
$1.38 million on $4.81 million of total revenues for the same
period in 2015.

For the six months ended March 31, 2016, Track Group reported a net
loss attributable to common shareholders of $4.04 million on $12.9
million of total revenues compared to a net loss attributable to
common shareholders of $827,745 on $9.43 million of total revenues
for the same six months ended March 31, 2015.

As of March 31, 2016, Track Group had $52.3 million in total
assets, $40.3 million in total liabilities and $11.99 million in
total equity.

"The Company currently is unable to finance its business solely
from cash flows from operating activities.  During the prior year,
the Company supplemented cash flows to finance the business from
borrowings under a credit facility, disgorgement funds, and from
the sale and issuance of debt securities.  No such borrowings or
sales of equity securities occurred during the three or six months
ended March 31, 2016.  In addition to cash from operations, unused
credit facilities, repayment of loans by our Chilean subsidiary,
and additional funding from the Amended and Restated Facility
Agreement with Conrent Invest S.A., available cash resources at
March 31, 2016 are anticipated to meet the Company's working
capital requirements for the next twelve months."

As of March 31, 2016, the Company had unrestricted cash of
$2,158,531 and a working capital surplus of $5,328,867, compared to
unrestricted cash of $4,903,045 and a working capital surplus of
$7,397,132 as of Sept. 30, 2015.  

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

                     https://is.gd/j2iy65

                       About Track Group

Track Group (formerly SecureAlert) -- http://www.trackgrp.com/--
is a global provider of customizable tracking solutions that
leverage real-time tracking data, best-practice monitoring, and
analytics capabilities to create complete, end-to-end solutions.

Track Group reported a net loss attributable to common shareholders
of $5.66 million on $20.8 million of total revenues for the fiscal
year ended Sept. 30, 2015, compared with a net loss attributable to
common shareholders of $8.76 million on $12.26 million of total
revenues for the fiscal year ended Sept. 30, 2014.


TRILOGY INTERNATIONAL: S&P Raises CCR to 'B-' After Refinancing
---------------------------------------------------------------
S&P Global Ratings raised its long-term corporate credit rating on
Trilogy to 'B-' from 'CCC-'.  At the same time, S&P assigned its
'CCC' issue-level rating to its $450 million senior secured notes
due 2019, which are two notches below S&P's corporate credit
rating, reflecting the structurally subordinated position of the
holding company's debt to its subsidiaries.  S&P is also
withdrawing the rating on the 2016 senior secured notes.  The
outlook is stable.

The rating upgrade follows Trilogy's redemption of its $450 million
2016 senior secured notes, with the proceeds from the issuance of
new US$450 million senior secured notes maturing in 2019, which
alleviates the risk of a short term financial distress.  The
refinancing improves the company's capital structure by extending
its debt maturities and strengthening its liquidity.

S&P's ratings on Trilogy reflect the company's small scale amid a
very competitive environment, some geographic diversity (albeit
lower than before the company completed the sale of its Trilogy
Dominicana subsidiary in March 2016), and margins below those of
its peers.  S&P's assessment also considers Trilogy's exposure to
relatively high country risk and a heavily regulated environment.
Partially offsetting factors include our expectation that the
company will grow due to a larger subscriber base, a greater
proportion of postpaid customers in its portfolio, and an increase
in fixed line and data services.

S&P's ratings also incorporate its expectation of debt to EBITDA
close to 4.0x in 2016.  S&P also anticipates free operating cash
flow (FOCF) will remain negative in 2016 because of the
capital-intensive nature of the industry.

The two-notch difference between the rating on the notes and the
corporate credit rating is a result of its ratio of priority debt
to consolidated assets, which exceeds 30%, creating a material
disadvantage for the holding company creditors in a bankruptcy or
liquidation scenario.

The stable outlook reflects S&P's expectation that subscriber
growth and data services will improve Trilogy's EBITDA generation,
although S&P believes the company will continue generating FOCF
deficits as a result of high capex.

S&P could lower the ratings in the next 12 months if revenue and
EBITDA were to decline, resulting in wider negative FOCF generation
that could erode the company's cash position.  Factors that could
contribute to such a development are increased churn from its
current customer base, a lower-than-expected postpaid customer
base, or delayed expansion of its LTE services, preventing the
company from supporting higher data demand.

Although unlikely in the medium term, S&P could raise the ratings
if there is no longer a perceived refinancing risk in the medium
term, coupled with an improvement in the company's key financial
metrics, leading to a debt to EBITDA ratio of less than 4.0x and
FFO to debt of at least 20%.



TRISTREAM EAST: 341 Meeting of Creditors Set for May 17
-------------------------------------------------------
The meeting of creditors of Tristream East Texas LLC is set to be
held on May 17 at 10:00 a.m., according to a filing with the U.S.
Bankruptcy Court for the Southern District of Texas.

The meeting will take place at the Office of the U.S. Trustee,
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.

                       About Tristream East

Headquartered in Houston, Texas, Tristream East Texas, LLC is a
wholly owned subsidiary of Tristream Energy, LLC, a Delaware
limited liability company.  The Debtor is a midstream operating
company that provides gas gathering and processing services to
producers from facilities in East Texas.

Tristream East Texas filed a Chapter 11 bankruptcy petition (Bankr.
S.D. Tex. Case No. Case No. 16-31521) on March 30, 2016.  The
petition was signed by Reid Smith as CEO.  The Debtor estimated
assets and liabilities in the range of $10 million to $50 million.
Coats Rose, P.C. serves as the Debtor's counsel.  Judge David R.
Jones has been assigned the case.


TRUVEN HEALTH: S&P Raises CCR to 'BB' After IBM Deal
----------------------------------------------------
S&P Global Ratings said that it raised its corporate credit rating
on Truven Health Analytics Inc. to 'BB' from 'B' and removed it
from CreditWatch, where it was placed with positive implications on
Feb. 19, 2016.  The outlook is stable.

"The company was acquired by International Business Machine Corp.
(IBM).  The upgrade is based on our view that Truven is a
strategically important subsidiary of IBM, resulting in a
three-notch upgrade from its stand-alone credit profile of 'b',"
said S&P Global Ratings credit analyst Jinsung Kim.

S&P subsequently withdrew all ratings, including the corporate
credit rating, because all of Truven's debt has been repaid or
redeemed.



VALEANT PHARMACEUTICALS: Expects to File Form 10-Q by June 10
-------------------------------------------------------------
Valeant Pharmaceuticals International, Inc., announced that it
expects to file its Form 10-Q for the quarter ended March 31, 2016,
with the Securities and Exchange Commission and the Canadian
Securities Regulators on or before June 10, 2016, well in advance
of the July 31, 2016 deadline contemplated in the company's amended
Credit Agreement.  The Company will provide details regarding its
conference call and live webcast to discuss first quarter 2016
financial results in due course.  In addition, the Company expects
that quarterly filings for the quarter ending
June 30, 2016, and thereafter will be filed with the Securities and
Exchange Commission and the Canadian Securities Regulators on a
timely basis under the applicable rules.

The Company also reiterated its previously issued revenue and
adjusted EPS (non-GAAP) guidance for the first quarter of 2016.

                            About Valeant

Valeant Pharmaceuticals International, Inc. (NYSE/TSX:VRX) --
http://www.valeant.com/-- 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.

Valeant reported a net loss attributable to the Company of $291.7
million on $10.44 billion of revenues for the year ended Dec. 31,
2015, compared to net income attributable to the Company of $880.7
million on $8.20 billion of revenues for the year ended Dec. 31,
2014.  As of Dec. 31, 2015, Valeant had $48.96 billion in total
assets, $42.93 billion in total liabilities and $6.02 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.


VIKING CRUISES: Moody's Lowers CFR to B2, Sees Earnings Drop
------------------------------------------------------------
Moody's Investors Service downgraded the long term ratings of
Viking Cruises, Ltd. including its Corporate Family Rating to B2
from B1 and its Probability of Default Rating to B2-PD from B1-PD.
The rating outlook remains stable.

The downgrade reflects Moody's expectation that Viking's 2016
earnings will decline as a result of lower river cruise passenger
loads and significant pricing pressure following the terrorist
bombings in both Paris (November 2015) and Brussels (March 2016).
Although Moody's believes Viking's ocean cruise business will
generate solid growth, it remains a small portion of Viking's total
business and the growth in ocean will not fully offset the pressure
experienced in river.  At the same time, Viking's debt levels are
set to increase in both 2016 and 2017 to finance new ship
deliveries for both its river cruise and ocean cruise businesses.
The weaker earnings when combined with higher debt levels will
result in Viking's debt to EBITDA weakening to around 6.5x in 2016
and EBITA to interest expense falling to 1.3x. Moody's expects
leverage and coverage will remain around these levels thru the end
of 2017 despite an expectation for a rebound in passenger loads and
pricing.

These ratings are downgraded:
  Corporate Family Rating to B2 from B1
  Probability of Default Rating to B2-PD from B1-PD
  Senior unsecured notes to Caa1, LGD 5 from B3, LGD 5

RATINGS RATIONALE

Viking's B2 Corporate Family Rating reflects its well-recognized
brand name in a small market segment of the cruise industry. Viking
estimates that it has nearly a 50% market share of the European
River Cruise market.  The rating also acknowledges Viking's lack of
diversification in terms of geography and customer base.  The
rating considers that Viking's leverage and coverage are weak.
Moody's estimates Viking's debt to EBITDA will increase to 6.5x in
2016 up from 5.7x at the end of fiscal 2015. EBITA to interest
expense will fall to 1.3x in 2016 from 2.0x at the end of fiscal
2015.  Viking's rating is supported by the solid growth of its
ocean cruise business with an additional ocean cruise ship that
joined its fleet in early 2016 and two new ocean ships scheduled
for 2017.  The rating is incorporates Viking's good liquidity as we
expect Viking to maintain cash balances in excess of $300 million.
However, Moody's notes that the level of customer deposits well
exceeds Viking's level of cash balances. The rating is also
supported by its good forward booking visibility and short lead
time to build new river vessels which allows Viking to adjust river
cruise capacity to demand trends.

The stable outlook reflects Moody's expectation that the weak
demand trends in Viking's river cruise business will abate in 2017
resulting in Viking's passenger loads and pricing trending back to
more normalized levels.

Given the recent downgrade, an upgrade in ratings is unlikely at
the present time.  However, over the longer term, ratings could be
upgraded should it be likely that Viking will maintain debt to
EBITDA below 5.75x and EBITA to interest expense above 1.75x while
maintaining good liquidity.

Ratings could be downgraded should Viking's liquidity weaken, or
should it become likely that debt to EBITDA will remain above 7.25x
and EBITA to interest expense will fall to 1.0x.

Viking Cruises, Ltd. operates a fleet of 59 river cruise vessels
and two ocean cruise vessels.  Its river cruises operate in 30
countries largely in Continental Europe.  In the mid 80% range of
its customers are sourced from North America.  Net cruise revenues
are about $1 billion.

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



VISUALANT INC: May Issue 93,333 Shares Under Incentive Plan
-----------------------------------------------------------
Visualant, Incorporated, filed a Form S-8 registration statement
with the Securities and Exchange Commission to register 93,333
shares of common stock issuable under the Company's 2011 Stock
Incentive Plan for a proposed maximum aggregate offering price of
$839,997.  A copy of the Form S-8 prospectus is available for free
at https://is.gd/lZoOaR

                       About Visualant Inc.

Seattle, Wash.-based Visualant, Inc., was incorporated under the
laws of the State of Nevada on Oct. 8, 1998.  The Company
develops low-cost, high speed, light-based security and quality
control solutions for use in homeland security, anti-
counterfeiting, forgery/fraud prevention, brand protection and
process control applications.

Visualant reported a net loss of $2.63 million on $6.29 million of
revenue for the year ended Sept. 30, 2015, compared to a net loss
of $1.01 million on $7.98 million of revenue for the year ended
Sept. 30, 2014.

As of Dec. 31, 2015, the Company had $2.43 million in total assets,
$9.69 million in total liabilities, all current, and a total
stockholders' deficit of $7.25 million.

PMB Helin Donovan, LLP, in Seattle, Washington, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Sept. 30, 2015, citing that Company has sustained a
net loss from operations and has an accumulated deficit since
inception.  These factors raise substantial doubt about the
Company's ability to continue as a going concern.


WASHINGTON PROPERTIES: Chapter 11 Case Jointly Administered
-----------------------------------------------------------
U.S. Bankruptcy Judge Alan M. Koschik has ordered that the
captioned and numbered cases of Washington Properties, Inc.;
Western Reserve of Medina, Ltd.; and MRR Properties, LLC, are
consolidated for procedural purposes only, and will be jointly
administered by the Court under Case No. 16-50883 pursuant to
Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 1015(b).

                   About Washington Properties

Washington Properties, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ohio Case No. 16-50883) on Apr. 18, 2016.  The
petition was signed by Michael R. Rose as president and CEO.  The
Debtor disclosed estimated assets of between $100,000 to $500,000
and estimated liabilities between $10 million and $50 million.
Roderick Linton Belfance LLP serves as the Debtor's counsel.  Hon.
Alan M. Koschik presides over the case.


WASHINGTON PROPERTIES: Sec. 341 Meeting of Creditors on June 9
--------------------------------------------------------------
The U.S. Trustee has scheduled the Section 341(a) meeting of
creditors of Washington Properties, Inc., on June 9, 2016, at 1:00
p.m.

                   About Washington Properties

Washington Properties, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. N.D. Ohio Case No. 16-50883) on Apr. 18, 2016.  The
petition was signed by Michael R. Rose as president and CEO.  The
Debtor disclosed estimated assets of between $100,000 to $500,000
and estimated liabilities between $10 million and
$50 million.  Roderick Linton Belfance LLP serves as the Debtor's
counsel.  Hon. Alan M. Koschik presides over the case.


WEATHERFORD INT'L: Fitch Cuts Issuer Default Ratings to 'B+'
------------------------------------------------------------
Fitch Ratings has downgraded Weatherford International plc
(Weatherford; NYSE: WFT) and its subsidiaries Long-Term Issuer
Default Ratings (IDR) and senior unsecured ratings to 'B+' from
'BB'. Fitch has also assigned the secured term loan a rating of
'BB+/RR1', affirmed the amended unsecured bank facility rating at
'BB' and revised its Recovery Rating to 'RR2' from 'RR4'. The
Rating Outlook remains Negative.

The downgrade reflects the lower than previously expected E&P
capital spending in 2016 and Fitch's lower and longer services
recovery profile assumption. This is forecast to further challenge
Weatherford's operating results and free cash flow (FCF) profile
resulting in metrics remaining above Fitch's through-the-cycle
levels for a 'BB' category credit over the rating horizon.

The Negative Outlook considers the potential that persistently low
oil & gas prices could extend the oilfield services down cycle
beyond Fitch's current expectations and further heighten
Weatherford's refinance risk. Fitch currently forecasts that FCF
will be relatively modest and asset sale prospects challenged over
the next few years.

Fitch understands that, under its amended incurrence covenants, the
company has the ability to issue additional unsecured guaranteed
debt, subject to the greater of $750 million or a 2.5x pro forma
specified senior debt-to-EBITDA ratio limitation (Fitch estimated
capacity of approximately $1.4 billion as of March 31, 2016) prior
to Dec. 31, 2016. Thereafter, the additional unsecured guaranteed
debt incurrence limitation will only be subject to the 2.5x pro
forma specified senior debt-to-EBITDA ratio. Fitch recognizes that
this debt incurrence capacity, in conjunction with credit facility
availability, helps to alleviate near-term liquidity and refinance
risks. However, the forecasted need for additional non-operating
cash flows over the rating horizon could limit the company's
ability to meaningfully address its capital structure. Any
potential unsecured guaranteed debt issuances may reduce the
recovery prospects for the senior unsecured notes, possibly leading
to further negative rating actions.

The senior unsecured guaranteed bank facility Recovery Rating was
upgraded to 'RR2' from 'RR4' reflecting the structurally senior
priority of the revolving credit facility following the amendment
that introduces guarantees by substantially all material HoldCos
and all material OpCos in certain jurisdictions that directly or
indirectly represent approximately 100% of EBITDA.

Approximately $7 billion of debt, excluding short-term borrowings,
is affected by today's rating action. A full list of ratings
actions follows at the end of this release.

KEY RATING DRIVERS
Weatherford's ratings consider its position as the fourth largest
international oil & gas services company, geographic
diversification (North America [NA] has historically contributed
45%-50% of consolidated revenues), returns-focused strategic
initiatives, and projected FCF profile leading to moderate further
debt reduction over the rating horizon. These considerations are
offset by the company's mixed asset quality and weaker than
forecast through-the-cycle leverage metrics.

MODESTLY POSITIVE 2016 FCF, ELEVATED METRICS FORECAST
Fitch's rating case projects that Weatherford will be approximately
$200 million FCF positive in 2016. This FCF estimate considers a
Zubair settlement, full year of operating cost savings, maintenance
capex levels, additional activity-linked working capital
improvements, and further reductions in oilfield services demand.
Fitch expects the company to allocate all anticipated surplus FCF
towards debt repayment over the rating horizon.

Debt/EBITDA metrics are currently forecast to increase further in
2016 to approximately 13.4x, including an assumed $750 million
unsecured guaranteed debt issuance (12.1x excluding the issuance).
Fitch assumes the unsecured guaranteed debt issuance is largely
used for the repayment of the unsecured notes at maturity and the
gross debt addition is temporary. Thereafter, Fitch's rating case
forecasts that the leverage profile will exhibit moderate levels of
oil & gas price-driven improvements leading to debt/EBITDA in the
5.5x-6.0x range by 2018.

KEY ASSUMPTIONS
Fitch's key assumptions within the rating case for Weatherford
include:
-- WTI oil price that trends up from $35/barrel in 2016 to a
    long-term price of $65/barrel;
-- Henry Hub gas that trends up from $2.25/mcf in 2016 to a long-
    term price of $3.25/mcf;
-- Consolidated revenue decline of over 35% in 2016 with greater
    declines in NA relative to international regions on average
    due to further global E&P capital spending reductions with a
    moderate recovery thereafter;
-- Margins that exhibit a full year of cost improvements in 2016
    with some moderate additional cost reductions assumed
    thereafter;
-- Capital expenditures of $250 million in 2016 followed by
    similarly low levels of capex until operating cash flows
    exhibit meaningful growth;
-- Year-over-year cash flow improvements related to Zubair
    contractual and severance costs;
-- Assumed an incremental $750 million in unsecured guarantee-
    enhanced debt issued during 2016 with proceeds largely used to

    repay maturities;
-- Application of surplus cash to debt repayment;
-- Retention of international rig fleet.

RATING SENSITIVITIES
Positive: No positive rating actions are currently contemplated
over the near term given the continued weakness in the oilfield
services outlook and Fitch's projections for leverage that exceeds
through-the-cycle levels. However, future developments that may,
individually or collectively, lead to a positive rating action
include:

For an upgrade to 'BB-':
-- Demonstrated commitment by management to lower gross debt
    levels;
-- Track record by management of achieving operational and
    financial targets;
-- Mid-cycle debt/EBITDA below 5.0x on a sustained basis.

To resolve the Negative Outlook at 'B+':
-- Demonstrated ability to effectively manage forecasted
    liquidity and refinance risks;
-- Improved oilfield services outlook supported by pricing and/or

    activity level improvements;
-- Mid-cycle debt/EBITDA of 5.0x-5.5x on a sustained basis.

Negative: Future developments that may, individually or
collectively, lead to a negative rating action include:
-- Failure to manage FCF and/or capital market funding issues
    that further heighten liquidity and refinancing risks;
-- Further material, sustained declines in oilfield services
    demand;
-- Mid-cycle debt/EBITDA around 6.0x on a sustained basis.

BANK TRANSACTION HELPS ALLEVIATE NEAR-TERM LIQUIDITY CONCERNS
Weatherford had cash and equivalents of $464 million, as of March
31, 2016. The majority of cash has historically been held by
foreign subsidiaries with $139 million denominated in
exchange-restricted Angolan kwanza. Supplemental liquidity is
principally provided by the company's recently amended $1.15
billion unsecured guaranteed credit facility due July 2019, which
is subject to periodic reductions to a minimum commitment of $1
billion. Fitch notes, however, that the company will have access to
an additional $229 million in non-extending bank credit facility
commitments until July 2017. The credit facility had a pro forma
balance of approximately $535 million, considering the $500 million
term loan, as of March 31, 2016.

MATURITY PROFILE
Over the next five years, Weatherford has $600 million in 6.35%
senior notes due June 2017, $500 million in 6% senior notes due in
March 2018, $1 billion in 9.625% senior notes due March 2019, and
$773 million in 5.125% senior notes due September 2020. The
recently issued $500 million secured term loan is due July 2020,
subject to quarterly amortization payments of $12.5 million
beginning Sept. 30, 2016. The amended credit facility is subject to
a Nov. 28, 2018 springing maturity if 50% of the $1 billion notes
due March 2019 are not redeemed, repurchased, refinanced, or
otherwise retired.

Management has indicated that they expect to meet the upcoming
maturities with a combination of cash on hand, FCF, potential land
rig sale proceeds (management estimate of $500 million to $1
billion), and debt proceeds. However, Fitch currently forecasts
that the company will largely need to use the credit facility
and/or raise additional capital market proceeds to repay scheduled
unsecured notes maturities and meet the amended credit facility's
springing maturity provision.

MODIFIED COVENANT PACKAGE
The company's main financial covenants, as defined in the term loan
and credit agreement, are a maximum Specified senior debt-to-EBITDA
ratio of 3x (1.1x as of March 31, 2016; steps down to 2.5x in
2017), maximum Specified senior debt and letter of credit-to-EBITDA
ratio of 4x (1.7x as of March 31, 2016; steps down to 3.5x in
2017), and minimum asset coverage ratio of 4x (14x as of March 31,
2016). Fitch highlights that the covenant package also allows for
additional unsecured guaranteed debt, subject to the greater of
$750 million or a 2.5x pro forma Specified senior debt-to-EBITDA
ratio limitation (Fitch estimated capacity of approximately $1.4
billion as of March 31, 2016) prior to Dec. 31, 2016. Thereafter,
the additional unsecured guaranteed debt incurrence limitation will
only be subject to the 2.5x pro forma Specified senior
debt-to-EBITDA ratio. Specified senior debt, as per the covenants,
represents the secured term loan and unsecured debt enhanced by a
guarantee. Other customary covenants contained in the indentures
governing the senior unsecured notes restrict the ability to incur
additional liens, engage in sale and leaseback transactions, and
merge, consolidate, or sell assets, as well as change in control
provisions.

SECURITY AND GUARANTEES
The term loan security package is a first lien on Weatherford
International Ltd. (Weatherford Bermuda) with guarantees from the
parent and Weatherford International, LLC (Weatherford Delaware),
as well as guarantees from WOFS International Finance GmbH (Swiss)
and Weatherford Worldwide Holdings GmbH, among others. The amended
unsecured guaranteed credit facility is guaranteed by substantially
all material HoldCos and all material OpCos in certain
jurisdictions that directly or indirectly represent approximately
100% of EBITDA. Guarantees have also been provided by and between
Weatherford Bermuda and Weatherford Delaware for all senior
unsecured notes, effectively making the notes pari-passu and
establishing cross-guarantees. Additionally, Weatherford
International plc has guaranteed all obligations of its affiliates.


Fitch believes that the term loan's first-lien security gives it
priority over the unsecured guaranteed credit facility and senior
unsecured notes. Further, Fitch views the guarantees provided by
the material HoldCos and OpCos structurally subordinate the senior
unsecured notes.

OTHER CONTINGENT LIABILITIES
Weatherford's pension obligations were underfunded by $124 million
for the year ended 2015. Fitch believes that pension funding
requirements are manageable relative to mid-cycle funds from
operations and pension contributions. The company had nearly $1.6
billion in other contingent obligations on a multi-year,
undiscounted basis as of Dec. 31, 2015. These obligations consisted
of non-cancellable operating lease payments ($1.2 billion) and
purchase obligations ($383 million).

FULL LIST OF RATING ACTIONS
Fitch has taken the following rating actions:

Weatherford International plc
-- Long-term IDR downgraded to 'B+' from 'BB'.

Weatherford International Ltd. (Bermuda)
-- Long-term IDR downgraded to 'B+' from 'BB'';
-- Senior secured term loan A rated 'BB+/RR1';
-- Senior unsecured guaranteed bank facility affirmed at 'BB'
    with the recovery rating revised to 'RR2' from 'RR4';
-- Senior unsecured notes downgraded to 'B+/RR4' from 'BB/RR4';
-- Short-term IDR affirmed at 'B';
-- Commercial paper program affirmed at 'B'.

Weatherford International, LLC (Delaware)
-- Long-term IDR downgraded to 'B+' from 'BB';
-- Senior unsecured notes downgraded to 'B+/RR4' from 'BB/RR4'.

The Rating Outlook remains Negative.



WESTMORELAND COAL: Amends Credit Facility with PrivateBank
----------------------------------------------------------
Westmoreland Coal Company, on May 3, 2016, entered into an
amendment to its existing revolving credit facility with The
PrivateBank and Trust Company and Bank of the West.  The Amendment
revised the credit facility to include as an event of default a
material breach of a material contract by any borrower under the
credit facility.

Pursuant to the Amendment, "material contracts" are (i) all coal
supply agreements and related agreements entered into by any
Canadian borrower with Saskatchewan Power Corporation related to
coal required to be supplied to Saskatchewan Power Corporation and
(ii) any other single or series of related contracts or agreements
that account for more than 10% of the consolidated revenues of the
borrowers and their subsidiaries for the most recent year for which
audited financial statements of the borrowers have been delivered
to The PrivateBank and Trust Company, as administrative agent under
the credit facility.

The Amendment provides that a "material breach" is a breach by a
borrower of a material contract that has resulted, or is reasonably
expected to result, (i) in a material adverse change in the
consolidated revenues of the borrowers and their subsidiaries under
such material contract or (ii) in the operation of any mine by any
person other than a borrower, which mine is subject to a coal
supply agreement.  Under the Amendment, the borrowers will have no
grace period to cure any material breach of any coal supply
agreement with Saskatchewan Power Corporation, but will have the
opportunity to cure any material breach of any other material
contract within 15 days after the earlier of the date on which (i)
an executive officer of any borrower has become aware of such
breach or (ii) any borrower has received notice of such breach from
the administrative agent.

A full-text copy of the Fifth Amendment to Second Amended and
Restated Loan and Security Agreement is available for free at:

                    https://is.gd/GvFRgk

                   About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest        

independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland reported a net loss applicable to common shareholders
of $203.31 million on $1.41 billion of revenues for the year ended
Dec. 31, 2015, compared to a net loss applicable to common
shareholders of $173.11 million on $1.11 billion of revenues for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, Westmoreland
Coal had $1.50 billion in total assets, $2.10 billion in total
liabilities and a total deficit of $601.88 million.

                            *     *     *

As reported by the TCR on Nov. 20, 2014, Standard & Poor's Rating
Services raised its corporate credit rating on Westmoreland Coal
Co. one-notch to 'B' from 'B-'.  "The stable outlook is supported
by Westmoreland's committed sales position over the next year,
which should result in stable cash flows," said Standard & Poor's
credit analyst Chiza Vitta.

Moody's upgraded the corporate family rating (CFR) of Westmoreland
Coal Company to 'B3' from 'Caa1', and assigned 'Caa1' rating to
the company's proposed new $300 million First Lien Term Loan, the
TCR reported on Nov. 20, 2014.  The upgrade of the CFR reflects the
company's successful integration of the Canadian mines acquired in
April 2014, and Moody's expectation that the company's Debt/ EBITDA
will track at around 5x in 2015 and 2016 and that the company will
be break-even to modestly free cash flow positive over the same
time period.


WHITE STAR: Moody's Affirms Caa2 CFR After Distressed Exchange
--------------------------------------------------------------
Moody's Investors Service changed White Star Petroleum LLC's (WSTR)
Probability of Default Rating to Caa2-PD/LD from Caa2-PD, while
affirming its Caa2 Corporate Family Rating.  At the same time,
Moody's upgraded WSP's senior secured second lien notes rating to
Caa2 from Caa3.  The Speculative Grade Liquidity Rating was
withdrawn.  The ratings outlook is stable.

The change to the Probability of Default Rating stems from WSTR's
disclosure that it has repurchased $148 million of its senior
secured second lien notes for $19.4 million at an average price of
13% of par.  Moody's considers WSTR's repurchase of its debt at
such a deep discount to par as a distressed exchange, which the
ratings firm views as a default.  

Moody's appended the Caa2-PD PDR with an "/LD" designation
indicating limited default, which will be removed after three
business days.  The upgrade to WSTR's senior secured second lien
notes reflects the greater recovery prospects these notes enjoy due
to the 59% reduction in notes outstanding following the repurchases
as well as a reduction in the company's borrowing base to $50
million from $75 million

Rating upgraded:

Issuer: White Star Petroleum, LLC
  Senior Secured Second Lien Notes, upgraded to Caa2 (LGD 4) from
   Caa3 (LGD 4)

Affirmations:
  Probability of Default Rating, Affirmed Caa2-PD/LD (/LD
   appended)
  Corporate Family Rating, Affirmed Caa2

Withdrawals:
  Speculative Grade Liquidity Rating, Withdrawn, previously rated
   SGL-3

Outlook Actions:
  Outlook, Remains Stable

RATINGS RATIONALE

The Caa2 Corporate Family Rating (CFR) reflects WSTR's very small
scale, early-stage operations, largely undeveloped reserve base,
concentrated in the Central Northern Oklahoma Woodford (CNOW) play,
and leveraged capital structure.  With fourth quarter 2015 net
production of 7,800 barrels of oil equivalent per day, WSTR ranks
among the smallest of its E&P peers which, along with the
relatively complex geological composition of the CNOW play,
restrains the rating.  The rating is supported by the management
team's track record and the company's substantial drilling
inventory which provides visible production and cash flow growth
potential.  Moody's notes the company's recently announced $200
million acquisition of Mississippi Lime and Woodford Shale
reserves, expected to close by June 30, 2016, will provide WSTR
with needed scale and an opportunity to deleverage.

Moody's views WSTR's liquidity profile as weak.  At Dec. 31, 2015,
WSP had $15 million available under its revolving credit facility,
which has a borrowing base of $50 million.  Following its recent
notes repurchases, the company is not maintaining a significant
amount of cash on its balance sheet.  Moody's expects WSTR to
reduce its drilling activity the remainder of 2016 by reducing to
one drilling rig from two in order to preserve capital.  Absent the
announced acquisition production and cash flow are likely to
decline as a result, placing additional pressure on liquidity.
Financial covenants under the facility include senior net first
lien debt / EBITDAX of no more than 3.0x and fixed charge coverage
of no less than 3.0x.  Moody's expects the company to comply with
these covenants through mid-2017.  The credit facility matures in
December 2018.

The stable outlook reflects the expectation that the company's
borrowing base will increase significantly following completion of
its acquisition and that liquidity will become adequate as a
result.

Ratings could be downgraded if the company's liquidity deteriorates
further or production volumes decline significantly. A ratings
upgrade likely depends on material production growth achieved at
competitive costs, an expectation of sustained retained cash flow
to debt above 15%, combined with adequate liquidity.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.

White Star Petroleum, LLC is an independent exploration &
production company headquartered in Oklahoma City, Oklahoma.



WRIGHTWOOD GUEST: Seeks to Set Procedures in Sale of Property
-------------------------------------------------------------
The Chapter 11 Trustee of Wrightwood Guest Ranch LLC asks the
Bankruptcy Court to establish bidding procedures and setting final
dates for auction and sale hearing.

The Chapter 11 Trustee in his business judgment has determined that
the best way to maximize value for the benefit of the Estate and
its creditors is to conduct an orderly auction and sale process
with respect to the Estate's interest in its Property.  To that
end, the Trustee has engaged GlassRatner to assist him in marketing
and selling the Property.  After consulting with GlassRatner, as
well as listening to the concerns voiced by other active parties in
this case including the Official Committee of Unsecured Creditors
and Greenlake Real Estate Fund, LLC, the Trustee has determined
that an auction and sale hearing should be held in approximately
three months in mid-July 2016, and that this three month marketing
window will best balance the competing interests and ensure that
the Estate receives fair market value for the Property.

In order to ensure all interested parties have a meaningful
opportunity to participate in the auction and sale hearing, the
Trustee seeks an order of this Court approving the proposed Bidding
Procedures set forth herein as well as setting the requested dates
and deadlines relevant to the sale, including but not limited to
the auction date and the date of the final sale hearing.

Under the Bidding Procedures, the Trustee will designate a stalking
horse bidder, if any, and file a sale motion on or before June 28,
2016. Only the designated stalking horse, if any, and Potential
Bidders may participate in the sale process.  Potential Bidders are
those prospective bidders who deliver to the Trustee an executed
non-disclosure agreement acceptable to the Trustee as well as
current financial statements or other financial information of the
bidder or its equity holder(s) demonstrating the bidder's financial
capability to consummate the proposed sale, as determined by the
Trustee in his sole discretion.  

The Bidding Procedures further provide that in order for a bid to
be a Qualified Overbid, such bid must be:

   1) by way of an executed copy of a written asset purchase
agreement (a) acceptable in form to the Trustee, (b) clearly marked
to show any changes from the terms of the Trustee's sale agreement
with the stalking horse bidder, if any, and (c) on terms that are
more favorable to the Estate than the stalking horse bidder's sale
agreement, if any, after taking into account the effect of any
breakup fee, increased broker's fees, and/or other bid protections
granted to the stalking horse bidder;

   2) accompanied by a good faith deposit in the amount of
$500,000;

   3) accompanied by a financing commitment or other evidence of
ability to consummate the transaction; and

   4) delivered to the Trustee's general bankruptcy counsel Arent
Fox LLP, 555 West Fifth Street, 48th Floor, Los Angeles, CA 90013,
attn: M. Douglas Flahaut, so to be actually received on or before
5:00 p.m. prevailing Pacific time on July 15, 2016.

The Trustee submits that sound business justification exists to
approve the proposed Bidding Procedures.  First, pre-approval of
the Bidding Procedures will provide interested parties including
those who may wish to submit a stalking horse bid - with notice of
the specific bidding procedures authorized by the Court and the
opportunity to competitively bid for the Property.  Second,
pre-approval of the rules of the proposed sale will ensure fair
comparability of competing bids.  Third, by open-solicitation of
higher bids, the Trustee is making every reasonable effort to
maximize the value of the Property for the benefit of this Estate
and its creditors.

The Bidding Procedures require that prospective purchasers submit
to the Trustee on or before three days before the Auction,
satisfactory evidence of such purchaser's financial ability to
perform and the $500,000 deposit in good funds, $300,000 of which
will be non-refundable if such bidder is the Successful
Over-Bidder(s) at the Sale Hearing and the sale does not close due
to the purchaser's default.  These provisions give the Trustee time
in advance of the Auction to evaluate whether a bidder is
financially capable of promptly closing a proposed transaction.
Also, such provisions will give potential bidders the comfort that
they will not be engaging in a bidding war with parties who are not
bona fide competitive bidders.

The Bidding Procedures provide that any overbid(s) must be in
increments of at least $25,000; provided however, that the initial
overbid by a Qualified Bidder must be equal to the Initial
Incremental Bid Amount, which amount shall be disclosed to
interested parties in the sale motion to be filed on or before June
28, 2016 and will take into account any proposed break-up fee and
other associated costs.

The Bidding Procedures entitle Qualified Bidders to make further
bids at the Auction.  Affording parties the opportunity to increase
their bids at the Auction undoubtedly gives all Qualified Bidders a
fair and final opportunity to make a higher and better bid. As a
last resort, if the Auction is perceived not to have been conducted
fairly, Qualified Bidders may seek redress from this Court at the
Sale Hearing.

                         Objections Filed

Navitat Wrightwood LLC objects to the Bidding Procedures in that it
provides that the sale of the property identified in the Motion
"shall be sold free and clear of all interests in accordance with
section 363(f) of the Bankruptcy Code," because (a) it is not clear
whether such property includes the Debtor's interest in its
subsidiaries and/or their assets and (b) a section 363(f) sale
cannot be free and clear of claims against the Debtor's
subsidiaries or their assets.

Navitat is represented by:

         Lawrence M. Jacobson, Esq.
         GLICKFELD, FIELDS & JACOBSON LLP
         8383 Wilshire Boulevard, Suite 341
         Beverly Hills, California 90211
         Tel: (310) 550-7222
         Fax: (310) 550-6222
         E-mail: lmj@gfjlawfirm.com

The Committee of Unsecured Creditors also filed a limited objection
to the Chapter 11 Trustee's proposed bidding procedures because it
would provide less than three months of marketing, to which the
Unsecured Creditors object on the basis that this time frame is
unlikely to maximize the value of the Estate.  Instead, it is
likely to result in a fire-sale price for the unusual Property at
issue.

Instead, the Unsecured Creditors propose that the Property be
marketed for six months.  Specifically, there appears to be only a
limited ability of the Debtors to reorganize their affairs.
Instead, the sale of the Property will determine the amount
available for unsecured creditors after payment of Greenlake.

The Committee is represented by:

         Douglas A. Plazak, Esaq.
         Scott Talkov, Esq.
         REID & HELLYER
         3880 Lemon Street, Fifth Floor
         Riverside, California 92502-1300
         Tel: (951) 682-1771
         Fax: (951) 686-2415
         E-mail: dplazak@rhlaw.com
                 stalkov@rhlaw.com

Secured creditor GreenLake Real Estate Fund LLC's Motion for Relief
from the Automatic Stay is pending and set for hearing on May 10,
2016.  GreenLake's motion was purposely set out beyond minimum
notice to accommodate the Trustee.  The Trustee's Motion appears to
be an attempt to derail GreenLake's motion by noticing the Motion
for an earlier date.  As the issues on both motions are so
intertwined, both should be heard at the same time.

In a perfect world, the sale of the Debtor's property would
generate great interest and the purchase price would exceed the
secured claims, unsecured claims, and the collateral charges borne
by the Debtor's estate.  However, based on the circumstances of
this sale and a limited analysis, such a sale is not likely to end
in such a great result.  

Despite the amount of time the Trustee has had to find a stalking
horse bidder, the Trustee has not been able to find one.  The
Trustee's proposed bidding procedures include lining up a stalking
horse bidder on the front end; if by May 10, 2016, there is still
no stalking horse bidder, then that fact should be considered when
addressing the motion for relief from stay and the Motion.

In addition, bidding procedure motions are usually very detailed in
regards to all aspects of the sale, including bidding increments,
qualifications, due diligence information, minimum overbids, and
subsequent bid increments.  However, the Trustee's Motion does not
have such detail, and in fact, does not appear to have any
correlation to the present circumstances regarding the subject
property.  Furthermore, the Motion appears to have been rushed to
try to have it heard prior to May 10.

Thus, the Trustee's Motion should be continued to the hearing date
on GreenLake's motion for relief from the stay, and both should be
heard concurrently.

Greenlake is represented by:

         Timothy L. Neufeld, Esq.
         Yuriko M. Shikai, Esq.
         NEUFELD MARKS A Professional Corporation
         315 West Ninth Street, Suite 501
         Los Angeles, California 90015
         Tel: (213) 625-2625
         Fax: (213) 625-2650
         E-mail: tneufeld@neufeldmarks.com
                 yshikai@neufeldmarks.com

                - and -

         Stephen F. Biegenzahn, Esq.
         FRIEDMAN LAW GROUP, P.C.
         1900 Avenue of the Stars, 11th Floor
         Los Angeles, California 90067
         Tel: (310) 552-8210
         Fax: (310) 733-5442
         E-mail: sbiegenzahn@flg-law.com

                   About Wrightwood Guest Ranch

Wrightwood Guest Ranch LLC, a California limited liability company,
provides recreational services such as Snow Play, Zip Line,
endurance races, logging and other outdoor events at a 300-acre
property it owns in Wrightwood area of Los Angeles County.  WGR
also operates a wedding and special event center at a 2.45-acre
property at Wrightwood area.

WGR is 60% owned by Richard and Judy Halllett and 40% owned by GREF
WGR I, LLC, an affiliate of secured creditor GreenLake Real Estate
Fund, LLC.  WGR owns 100% of the interests in Wrightwood Guest
Ranch Holdings, LLC, which in turns owns 100% of the interests in
Wrightwood Canopy Tours, LC.

Being concerned about GreenLake's threat of foreclosure, unsecured
creditors Masterpiece Marketing, Larry Rundle, and Snyder
Dorenfeld, filed an involuntary petition against Wrightwood Guest
Ranch LLC (Bankr. C.D. Cal. Case No. 15-17799) on Aug. 5, 2015.
The Petitioners' counsel is Douglas A Plazak, Esq., at Reid &
Hellyer, APC, in Riverside, California.

The Bankruptcy Court on Aug. 31, 2015, granted Wrightwood Guest
Ranch's request for relief under Chapter 11 and vacated the
Involuntary Petition filed against the Debtor.

The case is assigned to Judge Scott C. Clarkson.

The Debtor tapped Walter & Wilhelm Law Group as bankruptcy counsel;
Hall & Company as accountants; and Baker, Manock & Jensen as
special counsel.

                           *     *     *

The Debtor filed a proposed Plan and Disclosure Statement on Oct.
26, 2015.  On Dec. 4, 2014, it filed an amended Plan and Disclosure
Statement.  Under the Plan, the Debtor intends to pay unsecured
creditors 100 percent of their allowed claims, together with
interest at a rate of 1.5 percent.  Part of the creditor payments
will be made in semi-annual installments over the course of the
next 60 months; the remainder will be paid "with a balloon payment
due at the end of the sixtieth month following the Effective Date."


[*] BDO Appoints Bob Broxson as Dispute Advisory Services Director
------------------------------------------------------------------
BDO Consulting, a division of BDO USA, LLP, one of the nation's
leading professional services organizations, on May 11 announced
the appointment of Bob Broxson as Managing Director in the firm's
Dispute Advisory Services practice in the Houston, Texas office,
and member of BDO's Natural Resources practice.  Mr. Broxson is a
well-respected advisor on energy and non-energy related commodities
to law firms, companies and lenders on bankruptcy, restructuring
and turnaround matters.  He has more than 30 years of experience in
the energy industry spanning the natural gas procurement, sales,
transportation and trading sectors.

"We expect to see a pickup this year in strategic purchases and
acquisitions of distressed assets in addition to bankruptcies and
restructurings that characterized the energy sector in 2015," said
Carl W. Pergola, Executive Director of BDO Consulting.  "Bob's
depth of energy industry experience is a welcome addition to our
expanding team of seasoned practitioners who can lead clients
through the complexities that arise in dispute matters."

National Co-Leader of BDO's Dispute Advisory Services practice
Jeffrey Katz added, "Bob's wealth of knowledge about
post-acquisition disputes, Chapter 11 dispositions and
energy-related contractual matters are particularly valuable for
clients during this period of heightened volatility and uncertainty
in the industry.  David Kaplan, who joins Jeff in co-leading the
national practice notes, "Adding Bob's industry-specific knowledge
to our practice is essential for helping clients navigate the
challenging issues that have arisen from this troubled market."

"Energy companies are under tremendous pressure to reassess their
portfolios and adjust their strategies to better manage prolonged
pricing volatility, which are resulting in more contract disputes,"
said Mr. Broxson.  "I was drawn to the sophistication and technical
skill of the professionals working across BDO and their desire to
join forces across business lines and industries to deliver the
best results for our clients."

Prior to joining BDO, Mr. Broxson was a leader at a global
professional services firm where he was deeply entrenched in energy
industry contract and commercial disputes, frequently providing
expert testimony.  He spent most of his career inside the energy
industry, holding various senior executive positions at prominent
energy companies including Koch Industries, Engage Energy, Natural
Gas Clearinghouse and PSI, Inc.  He is a past board member of the
National Energy Services Association and the Houston Energy
Association.

In addition, Mr. Broxson has extensive experience advising
commodity firms on trading and risk management practices.  He has
provided expert testimony in state and federal courts and in
Canadian Provincial Courts on contractual disputes and industry
practices including Force Majeure, joint venture dissolution, price
re-openers and documentation of agreements.

Mr. Broxson is an adjunct professor in the Global Energy Management
Masters of Business Administration program at the University of
Houston and at the Kenan-Flagler Business School at the University
of North Carolina Chapel Hill.  In addition, he regularly speaks at
conferences on energy issues.  He earned a Bachelor of Business
Administration in Management at Evangel University and a Master of
Business Administration in Leadership from the University of
Houston.

                       About BDO Consulting

BDO Consulting, a division of BDO USA, LLP, provides clients with
Financial Advisory, Business Advisory and Technology Services in
the U.S. and around the world, leveraging BDO's global network of
more than 60,000 professionals.

                           About BDO

BDO -- http://www.bdo.com-- is the brand name for BDO USA, LLP, a
U.S. professional services firm providing assurance, tax, advisory
and consulting services to a wide range of publicly traded and
privately held companies.  For more than 100 years, BDO has
provided quality service through the active involvement of
experienced and committed professionals.  The firm serves clients
through 63 offices and more than 450 independent alliance firm
locations nationwide.  As an independent Member Firm of BDO
International Limited, BDO serves multi-national clients through a
global network of 1,408 offices in 154 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S.
member of BDO International Limited, a UK company limited by
guarantee, and forms part of the international BDO network of
independent member firms.  BDO is the brand name for the BDO
network and for each of the BDO Member Firms.


[*] LeClairRyan Expands Bankruptcy & Creditors' Rights Practice
---------------------------------------------------------------
LeClairRyan has announced the addition of eight attorneys and seven
professional staff to its Newark office.  

Joining the national law firm's Bankruptcy and Creditors' Rights
practice as partners are Charles Forman, Michael Holt, Daniel
Eliades, Erin Kennedy, Kim Lynch, William Waldman, David Catuogno
and Michael Connolly.  All were most recently with Forman Holt
Eliades & Youngman LLC, where they were members of the firm.
Additionally, the team includes three legal assistants, two
paralegals, a practice group specialist and a trustee case
administrator.   

The team will become an integral part of LeClairRyan's national
bankruptcy and creditors' rights practice which is comprised of
nearly 50 attorneys firm-wide.  They have a depth of experience
representing secured and unsecured creditors, trustees,
fiduciaries, franchisors, financial institutions, debtors, and
official and unofficial creditor committees in bankruptcy matters
across geographies and industries.  As a group, they regularly
handle Chapter 7, 11 and 13 bankruptcy cases, insolvency
proceedings, restructurings, workouts, all aspects of bankruptcy
litigation, including avoidance actions, and non-dischargeability
actions.

Ilan Markus, leader of LeClairRyan's Bankruptcy and Creditors'
Rights practice said, "Our new colleagues are highly skilled and
well-respected bankruptcy lawyers.  Their experience enhances the
full range of services we offer and we are looking forward to
working with them."

"Our team has practiced together for many years," said Mr. Forman.
"It was important for us to join a firm with a strong national
bankruptcy practice that also allowed us to offer additional
services to our clients.  We already have found a number of
opportunities with our clients and our new colleagues at
LeClairRyan."

Messrs. Eliades and Catuogno represent franchisors in out-of-court
workouts with distressed franchisees and appear on behalf of
franchisors in bankruptcy cases of franchisees throughout the
United States. They also represent franchisors in state and federal
courts, protecting their intellectual property and brand value on a
national basis.

Messrs. Eliades, Catuogno and Waldman also represent financial
institutions in loan restructuring, collection and foreclosure
matters.  Messrs. Eliades and Waldman additionally represent
timeshare resort owners in various capacities.

"LeClairRyan is a great fit for our team," said Mr. Eliades.
"Being a part of national bankruptcy, franchise and hospitality
teams allow for us to not only continue to provide efficient and
effective legal services to our clients, but also to grow and
enhance our practice across the country.  We are excited to be a
part of the LeClairRyan team."

Mr. Forman, former managing member of Forman Holt Eliades &
Youngman LLC, is a nationally recognized bankruptcy trustee
appointed by the United States Justice Department and a fiduciary
in Assignments for the Benefit of Creditors, Receiverships,
Directorships and Liquidating Trusts.  Mr. Holt,
Ms. Kennedy, Mr. Connolly and Ms.Lynch often represent trustees in
addition to the representation of debtors and other parties in
insolvency proceedings.  Ms. Lynch acts as a fiduciary in
Assignments for the Benefit of Creditors.  

"Charlie, Dan and all of the members of the team are talented,
client-service minded lawyers who add substantial depth to our
Firm," said C. Erik Gustafson, the firm's chief executive officer.
"I am pleased to welcome them to LeClairRyan."

LeClairRyan's Newark office, established in 2008, now has 106
employees, which includes 57 lawyers.

                      About LeClairRyan

As a trusted advisor, LeClairRyan -- http://www.leclairryan.com/--
provides business counsel and client representation in corporate
law and litigation.  In this role, the firm applies its knowledge,
insight and skill to help clients achieve their business objectives
while managing and minimizing their legal risks, difficulties and
expenses.  With offices in California, Colorado, Connecticut,
Delaware, Georgia, Maryland, Massachusetts, Michigan, Nevada, New
Jersey, New York, Pennsylvania, Texas, Virginia and Washington,
D.C., the firm has approximately 390 attorneys representing a wide
variety of clients throughout the nation.  


[^] Recent Small-Dollar & Individual Chapter 11 Filings
-------------------------------------------------------
In re St Luke Baptist Church
   Bankr. C.D. Cal. Case No. 16-15570
      Chapter 11 Petition filed April 28, 2016
         See http://bankrupt.com/misc/cacb16-15570.pdf
         represented by: Michele A Dobson, Esq.
                         LAW OFFICES OF MICHELE A DOBSON
                         longbeachesq@gmail.com

In re Peter J. Verboom, Jr. and Cathleen Verboom
   Bankr. E.D. Cal. Case No. 16-22725
      Chapter 11 Petition filed April 28, 2016
         represented by: Riley C. Walter, Esq.

In re On the Ocean, Inc.
   Bankr. S.D. Fla. Case No. 16-16204
      Chapter 11 Petition filed April 28, 2016
         See http://bankrupt.com/misc/flsb16-16204.pdf
         represented by: Gian C Ratnapala, Esq.
                         GCR BUSINESS LAW, PLLC
                         E-mail: gian@gcrbl.com

In re Production People LLC
   Bankr. N.D. Ga. Case No. 16-57380
      Chapter 11 Petition filed April 28, 2016
         See http://bankrupt.com/misc/ganb16-57380.pdf
         represented by: M. Denise Dotson, Esq.
                         M. DENISE DOTSON, LLC
                         E-mail: ddotsonlaw@me.com

In re Erosol, LLC
   Bankr. N.D. Ga. Case No. 16-57405
      Chapter 11 Petition filed April 28, 2016
         See http://bankrupt.com/misc/ganb16-57405.pdf
         represented by: Leonard R. Medley III, Esq.
                         MEDLEY & ASSOCIATES, LLC
                         E-mail: leonard@mkalaw.com

In re DL Labs, LLC
   Bankr. E.D. La. Case No. 16-11007
      Chapter 11 Petition filed April 28, 2016
         See http://bankrupt.com/misc/laeb16-11007.pdf
         represented by: Leo D. Congeni, Esq.
                         CONGENI LAW FIRM, LLC
                         E-mail: leo@congenilawfirm.com

In re Dang Good Food, Inc.
   Bankr. D. Md. Case No. 16-15799
      Chapter 11 Petition filed April 28, 2016
         See http://bankrupt.com/misc/mdb16-15799.pdf
         represented by: Jeffrey M. Sirody, Esq.
                         JEFFREY M. SIRODY AND ASSOCIATES, P.A.
                         E-mail: smeyers5@hotmail.com

In re Watts Perfections, Inc.
   Bankr. W.D.N.C. Case No. 16-40173
      Chapter 11 Petition filed April 28, 2016
         See http://bankrupt.com/misc/ncwb16-40173.pdf
         represented by: Kerry L. Balentine, Esq.
                         MAXGARDNERLAW PLLC
                         E-mail: kbalentine@maxgardner.com

In re Heavenly Hands Barber & Beauty Salons, Inc.
   Bankr. N.D. Tex. Case No. 16-31645
      Chapter 11 Petition filed April 28, 2016
         See http://bankrupt.com/misc/txnb16-31645.pdf
         Filed Pro Se

In re Timothy O'Brion McNamara
   Bankr. N.D. Tex. Case No. 16-31647
      Chapter 11 Petition filed April 28, 2016
         represented by: Leonard J. Robison II, Esq.
                         E-mail: wm@perlmanrobison.com
In re George Thomas McKay
   Bankr. W.D. Wash. Case No. 16-41831
      Chapter 11 Petition filed April 28, 2016
         represented by: Richard S Ross, Esq.
                         LAW OFFICE OF RICHARD S ROSS
                         E-mail: ecf@resolvedebt.net


In re Kevin Chae Kim and Amy Mi Kim
   Bankr. C.D. Cal. Case No. 16-13847
      Chapter 11 Petition filed April 29, 2016
         Represented by: James J Pak, Esq.
                         PAK LAW CORP
                         E-mail: dlee@paklawcorp.com

In re William E Ward, III
   Bankr. S.D. Fla. Case No. 16-16290
      Chapter 11 Petition filed April 29, 2016
         Filed Pro Se

In re Alejandro Alan Azpurua
   Bankr. S.D. Fla. Case No. 16-16318
      Chapter 11 Petition filed April 29, 2016
         Represented by: Chad P Pugatch, Esq.
                         E-mail: cpugatch.ecf@rprslaw.com

In re Leventis O Omotade
   Bankr. E.D.N.Y. Case No. 16-71912
      Chapter 11 Petition filed April 29, 2016
         Filed Pro Se

In re Isaak Shpitsek and Bella Shpitsek
   Bankr. E.D. Tex. Case No. 16-40794
      Chapter 11 Petition filed April 29, 2016
         Represented by: Robert T. DeMarco, Esq.
                         DEMARCO-MITCHELL, PLLC
                         E-mail: robert@demarcomitchell.com

In re Energy Drilling, LLC
   Bankr. D. Utah Case No. 16-23671
      Chapter 11 Petition filed April 29, 2016
         See http://bankrupt.com/misc/utb16-23671.pdf
         represented by: Thomas H. Richards, Esq.
                         THOMAS RICHARDS, P.C.
                         E-mail: tomrichards9@gmail.com

In re Marilyn Knoll Glaser
   Bankr. S.D.W. Va. Case No. 16-50114
      Chapter 11 Petition filed April 29, 2016
         Represented by: George L. Lemon, Esq.
                         E-mail: georgelemon@frontier.com

In re Rachel Avgush
   Bankr. S.D.N.Y. Case No. 16-11230
      Chapter 11 Petition filed May 1, 2016
         represented by: Kevin K. Tung, Esq.
                         KEVIN KERVENG TUNG, P.C.
                         E-mail: ktung@kktlawfirm.com


                            *********

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 ***