TCR_Public/160606.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Monday, June 6, 2016, Vol. 20, No. 158

                            Headlines

2013 COLONIAL: Taps McCarthy Fingar as Legal Counsel
689 ST. MARKS: Hires Vogel Bach as Bankruptcy Counsel
ADA GIRON: To Liquidate Assets to Pay 100% to Unsecureds
ADAMIS PHARMACEUTICALS: May Issue 5.2M Shares Under Equity Plan
ADELPHIA COMMS: Announces $5M Distribution to Holders of Claims

ALEXZA PHARMACEUTICALS: Complaints Filed Over Merger Agreement
ALLIANCE PROCESSORS: Taps Brackett & Ellis as Special Counsel`
ALLIED CONSOLIDATED: Taps Eckert Seamans as Special Counsel
ALLY FINANCIAL: Presented at Bernstein Strategic Conference
AMERICAN AIRLINES: Fitch Rates New $850MM Special Facility Bonds BB

AMERICAN AIRLINES: S&P Rates 2016 Special Facility Bonds 'BB-'
AMKOR TECHNOLOGY: Moody's Affirms B1 Corporate Family Rating
AMPLIPHI BIOSCIENCES: Hal Mintz Reports 6.38% Stake as of May 31
ANTERRA ENERGY: Court Grants Extension of CCAA Proceedings
APRICUS BIOSCIENCES: Fails to Comply with NASDAQ Requirement

ATLANTIC CITY, NJ: Trump Taj Mahal Among Seen at Risk to Shut
ATNA RESOURCES: Court OKs Price Reduction on Solitario Transaction
AZAR J. VINCENT: Chase to Recoup 5% for Undersecured Claim
BDF ACQUISITION: Moody's Affirms B2 CFR & Lowers Term Loan Rating
BEEKMAN LIQUORS: Taps Alter & Brescia as Legal Counsel

BILL BARRETT: Agrees to Exchange Notes for Common Shares
BIOLOFE SOLUTIONS: Borrows $1 Million from WAVI Holding
BION ENVIRONMENTAL: Amends "Company Overview" on Website
BRAHMIN MERCHANDISING: Hires Lefkovitz as Attorney
BSD 1 LLC: Hires Rosenberg Musso as Counsel

C&J ENERGY: Lenders Forbear Default Remedies Through June 30
C&J ENERGY: Receives Delisting Notice from NYSE
CHAIS ENTERPRISES: Hires GGG/Adjusters as Public Adjuster
CHICORA LIFE CENTER: Taps K&L Gates as Special Counsel
CHRISTOPHER COLLINS: Directed to File Plan, Disclosures by Aug. 15

CIT GROUP: Moody's Raises Senior Unsecured Rating to Ba3
CLAIRE'S STORES: Apollo Said to Buy Bonds as Interest Payment Looms
CLIFFS NATURAL: Has 10 Years Supply Agreement with ArcelorMittal
CONDADO RESTAURANT: Taps Acosta & Ramírez as Financial Consultant
CONSOLIDATED CONTAINER: Moody's Cuts Corp Family Rating to Caa1

CONSTELLATION ENTERPRISE: Hires Conway as Restructuring Manager
CONSTELLATION ENTERPRISE: Hires Epiq as Administrative Advisor
CONSTELLATION ENTERPRISE: Hires Imperial as Financial Advisor
CONSTELLATION ENTERPRISE: Hires Richards Layton as Co-counsel
CONSUMER LAW: Unsecureds Recoup 100% Under 1st Amended Plan

CVENT INC: Moody's Assigns B3 Corporate Family Rating
DIKA-HOMEWOOD: First Amended Chapter 11 Plan Filed
DIKA-MATTESON: First Amended Chapter 11 Plan Filed
DJ OILFIELD: Hires David Hettler as Accountant
DOLPHIN DIGITAL: Enters Into Debt Exchange Agreements

DOWLING COLLEGE: Moody's Says College Ceases Operations
DRAFTDAY FANTASY: Borrows Additional $50,000 from Sillerman
ELEPHANT TALK: Receives Non-Compliance Notice from NYSE MKT
ENERGY FUTURE: Delaware Trust Can't Recover Premium
ENERGY XXI: Shareholders Raise Questions on Restructuring

EZE CASTLE: Moody's Affirms B2 Corporate Family Rating
FIRST DATA: Extend Credit Facilities Maturity to July 2022
FORESIGHT ENERGY: Director's Death Caused Listing Deficiency
FOREST PARK REALTY: Hires Deverick as Appraiser of Vacant Lot
GATEWAY ENTERTAINMENT: U.S. Trustee Forms 3-Member Committee

GEOFFREY ROSE: Plan Confirmation Hearing Set for July 27
GOLDSTAR SOLUTIONS: Hires Gary C. Rohrs as Accountant
GOODRICH PETROLEUM: Creditors' Panel Hires Akin Gump as Counsel
GRADE-CO LLC: Hires Baker & Assoc. as Chapter 11 Counsel
HALCON RESOURCES: Receives Noncompliance Notice from NYSE

HARLAND CLARKE: Moody's Assigns B1 Rating to Proposed Term Loan
HCSB FINANCIAL: Strategic Value Reports 8.28% Stake as of April 16
HERCULES OFFSHORE: Chapter 22 Highlights Drillers' Pain
HORSEHEAD HOLDING: Equity Committee Taps Nastasi as Co-Counsel
HORSEHEAD HOLDING: Equity Committee Taps SSG as Financial Advisor

HORSEHEAD HOLDING: Equity Panel Taps Richards Layton as Co-Counsel
HOVNANIAN ENTERPRISES: Incurs $8.5 Million Net Loss in Q2
HOVNANIAN ENTERPRISES: Reports Fiscal 2016 Second Quarter Results
HUFFMAN CONSTRUCTION: Taps Barron and Barron as Bankr. Counsel
IGLESIA MISION CRISTIANA: Taps Tomas G. Diaz as Appraiser

INTERVENTION ENERGY: EIG's Bid to Dismiss Denied
JERRY L. RUSSELL: Plan Confirmation Hearing Set for Aug. 15
JOHN TRACEY: Unsecured Creditors to Get 2.5% in 5 Years
KING LOGISTICS: Plan Approval Hearing Set for July 14
KIPIN INDUSTRIES: Committee Taps Campbell as Legal Counsel

KOMODIDAD DISTRIBUTORS: Hires Vilarino as Bankr. Counsel
LAHAYE ENTERPRISES: Plan Surrenders Property to Secured Lender
LEGAL CREDIT: Hires Monge Robertin as Restructuring Advisor
LEHIGH VALLEY PROPERTIES: Hires Ian J. Musselman as Counsel
LIFE CARE ST JOHNS: Files Amended Schedules of Assets & Debts

LIFE PARTNERS: Gruber Elrod & Erler PC Represent IRA Investors
LMI LEGACY: Trustee's Suit vs. RBC Stays in Delaware
MARINA BIOTECH: CEO Michael French Resigns
MASTIC BEACH, NY: Moody's Lowers $885,000 GO Debt Rating to Ba1
MERANDA INC: Hires Pedrosa Luna as Bankruptcy Counsel

MERANDA INC: Sec. 341 Creditors' Meeting Set for June 27
MERANDA INC: Status Conference Set for Aug. 2
MGM RESORTS: Stockholders Elect 11 Directors
MICROVISION INC: Stockholders Elect Seven Directors
MILESTONE SCIENTIFIC: Amends Form S-3 Prospectus with SEC

NANOSPHERE INC: "Party B" Withdraws Alternative Proposal
NANOSPHERE INC: Amends Merger Agreement with Luminex
NANOSPHERE INC: Regains Compliance With Nasdaq Requirement
NAVISTAR INTERNATIONAL: Extends Revolving Facility to 2017
NAVISTAR INTERNATIONAL: To Announce Fiscal 2016 Q2 on June 7

NEW ENTERPRISE: Moody's Affirms Caa1 Corporate Family Rating
NORFE GROUP: Seeks to Hire KPM Realty Advisors as Realtor
NORTEL NETWORKS: Quinn & Pinckney Represent Solus & PointState
OUTER HARBOR: Can Cease Paying Protection Payments to Terex
PAUL GREMILLION: July 7 Hearing to Approve Disclosure Statement

PENN VIRGINIA: U.S. Trustee Appoints 2 More Creditors to Committee
PHOENIX BRANDS: Hires Morrison Cohen as Counsel
PHOENIX BRANDS: Taps Getzler Henrich as Financial Advisor
PHOENIX BRANDS: Taps Houlihan Lokey as Investment Banker
POSITIVEID CORP: Closes $624,000 SPA with Union Capital

PROJECT AURORA: Moody's Affirms B2 Corporate Family Rating
QUANTUM CORP: Eric Singer Reports 11.2% Stake as of May 31
QUANTUM CORP: Incurs $74.7 Million Net Loss in Fiscal 2016
QUICKSILVER RESOURCES: Has Until Aug. 20 to Exclusive File Plan
REALOGY HOLDINGS: Extends Securitization Program Until June 2017

REALOGY HOLDINGS: Issues $500 Million Senior Notes Due 2023
RELATIVITY FASHION: Netflix Can't Distribute Films in Advance
REPUBLIC AIRWAYS: US Trustee Appoints Residco as Committee Member
RESIDENTIAL CAPITAL: Court Disallows 4 Claims Filed by Tia Smith
RICEBRAN TECHNOLOGIES: LF-RB, et al., Seek to Nominate 5 Directors

RICEBRAN TECHNOLOGIES: Signs Purchase Pact With Organic By Nature
SANDRIDGE ENERGY: U.S. Trustee Forms 3-Member Committee
SBN FOG CAP II: Creditors' Panel Hires Onsager Guyerson as Counsel
SHERRITT INTERNATIONAL: Has Deal Extending Unsecured Debt Maturity
STANFORD LERCH: Proposes to Pay Unsecureds in 60 Installments

STONE ENERGY: Fails to Reach Restructuring Pact With Noteholders
STONE ENERGY: Files Updates on Restructuring Talks
STUART SCOTT SNYDER: To Pay Unsecured Creditors 15% in 12 Years
SYCAMORE INVESTMENTS: Disclosure Statement Hearing Set for July 14
TEXAS PELLETS: Seeks to Hire Locke Lord as Legal Counsel

TITHERINGTON DESIGN: Taps Stanley Warick as Accountant
TRIBUNE PUBLISHING: Changes Name to Tronc; Board Re-elected
UCI INT'L: Meeting to Form Creditors' Panel Set for June 10
UNI-PIXEL INC: Closes Public Offering of Its Common Stock
VALEANT PHARMA: Receives Default Notice After 10-K Filing Delay

VALEANT PHARMA: Receives Default Notice from 2 Senior Noteholders
VENCORE INC: Moody's Affirms B3 CFR & Changes Outlook to Stable
VERTELLUS SPECIALTIES: May 26 Meeting to Form Creditors' Panel
VESTIS RETAIL: Schedules and Statements Filed
VUZIX CORP: Paul Boris Named to Board of Directors

WARREN RESOURCES: Case Summary & 30 Largest Unsecured Creditors
WARREN RESOURCES: Files for Chapter 11 to Reorganize
ZAK HOLDINGS: Plan Confirmation Hearing Set for Aug. 29
[*] Berger Singerman Bankruptcy Co-Chair Gets Chambers Top Ranking
[*] Cassels Brock Sets up Shop in Canada's Oil Patch

[*] Choate Hall Bankruptcy Attorneys Get Chambers 2016 Top Rankings
[*] Williams Mullen's Bankruptcy Attorneys Among Chambers 2016 List
[^] BOND PRICING: For the Week from May 30 to June 3, 2016

                            *********

2013 COLONIAL: Taps McCarthy Fingar as Legal Counsel
----------------------------------------------------
2013 Colonial LLC seeks approval from the U.S. Bankruptcy Court for
the Southern District of New York to hire McCarthy Fingar LLP as
its legal counsel.

The company tapped the firm to:

     (a) give advice about its powers and duties as a debtor-in-
         possession;

     (b) advise the Debtor about the legal and administrative
         requirements of operating in Chapter 11;

     (c) attend meetings and negotiating with representatives of
         creditors and other parties;

     (d) take all necessary actions to protect and preserve the
         Debtor's estate, including prosecuting actions on its
         behalf, defending any action commenced against the
         Debtor, and representing the Debtor in negotiations
         concerning litigation in which it is involved;

     (e) prepare legal papers;

     (f) represent the Debtor in connection with obtaining
         authority to continue using cash collateral and post-
         petition financing;

     (g) advise the Debtor in connection with any potential sale
         of assets;

     (h) appear before the bankruptcy court and any appellate
         courts;

     (i) advise the Debtor regarding tax matters;

     (j) take any necessary action to negotiate, prepare and
         obtain approval of a disclosure statement and
         confirmation of a Chapter 11 plan; and

     (k) perform other necessary legal services, including
         analyzing the Debtor's leases and contracts and analyzing

         the validity of liens against the Debtor.

McCarthy Fingar LLP will be paid on an hourly basis and will
receive reimbursement for work-related expenses.  The hourly rates
range from $300 to $475 for attorneys and $150 to $225 for
paraprofessionals.

N. Theodore Zink, Jr., Esq., at McCarthy Fingar, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

McCarthy Fingar can be reached through:

     N. Theodore Zink, Jr.
     McCarthy Fingar LLP
     11 Martine Avenue, 12th Floor
     White Plains, New York 10606
     Telephone: 914-946-3700
     Facsimile: 914-946-0134
     Email: tzink@mccarthyfingar.com

                    About 2013 Colonial

2013 Colonial LLC sought protection under Chapter 11 of the
Bankruptcy Code in the Southern District of New York (White Plains)
(Case No. 16-22715) on May 24, 2016.  

The petition was signed by Michael Gianatasio, managing member. The
case is assigned to Judge Robert D. Drain.

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


689 ST. MARKS: Hires Vogel Bach as Bankruptcy Counsel
-----------------------------------------------------
689 St. Marks Avenue, Inc., seeks permission from the U.S.
Bankruptcy Court for the Eastern District of New York to employ
Vogel Bach & Horn, LLP, as bankruptcy counsel.

Objections to the request must be filed by June 28, 2016, at 4:00
p.m. (prevailing Eastern Time).  A hearing on the request is set
for July 5, 2016, at 10:30 a.m. (prevailing Eastern Time).

Vogel Bach will:

      (a) provide the Debtor with advice and preparing all
          necessary documents regarding debt restructuring,
          bankruptcy and asset dispositions;

      (b) take all necessary actions to protect and preserve the
          Debtor's estate during the pendency of this Chapter 11
          case;

      (c) prepare on behalf of the Debtor, as debtor-in-
          possession, all necessary motions, applications,
          answers, orders, reports and papers in connection with
          the administration of this Chapter 11 case;

      (d) counsel the Debtor with regard to its rights and
          obligations as debtor-in-possession;

      (e) appear in Court to protect the interests of the Debtor;
          and

      (f) perform all other legal services for the Debtor which
          may be necessary and proper in these proceedings and in
          furtherance of the Debtor's operations.

The Debtor and the Firm have agreed that the Firm will be
compensated at an hourly rate of $225 plus costs and expenses.  The
Firm received a retainer of $2,500.

Eric H. Horn, Esq., a member of Vogel Bach, assures the Court that
the Firm is a "disinterested person," as that term is defined in
Section 101(14) of the Bankruptcy Code, in that the Firm, its
partners, counsel and associates.

          Eric H. Horn, Esq.
          Heike Vogel, Esq.
          VOGEL BACH & HORN, LLP
          1441 Broadway, 5th Floor
          New York, New York 10018
          Tel: (212) 242-8350
          Fax: (646) 607-2075
          E-mail: ehorn@vogelbachpc.com
                  hvogel@vogelbachpc.com

Headquartered in Brooklyn, New York, 689 St. Marks Avenue, Inc.,
filed for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case
No. 16-41940) on May 4, 2016, estimating its assets and liabilities
at between $1 million and $10 million.  The petition was signed by
Frank Morris, president.

Judge Elizabeth S. Stong presides over the case.

Eric H. Horn, Esq., at Vogel Bach & Horn, P.C., serves as the
Debtor's bankruptcy counsel.


ADA GIRON: To Liquidate Assets to Pay 100% to Unsecureds
--------------------------------------------------------
Ada A. Giron filed with the U.S. Bankruptcy Court for the Northern
District of Illinois, Eastern Division, a second amended disclosure
statement, which provides for the orderly liquidation of the
Debtor's assets to pay her creditors in full on or shortly after
the Effective Date.

The Debtor proposes to pay her creditors through a combination of:
(a) the sale of all Rental Real Estate, except for the 26th Street
Property; (b) restructuring of the 26th Street Property debt; (c)
the liquidation of the Investment Accounts; and (d) her continuing
social security payments and rental income.

The Debtor will pay 100% unsecured claims of Navient, American
Express Centurion Bank and Peoples Gas on or before June 30, 2017,
from the proceeds of the sale of the Michigan Properties, the
non-exempt Investment Accounts, or her personal unencumbered assets
or other unencumbered properties.

A full-text copy of the Second Amended Disclosure Statement dated
May 31, 2016, is available at
http://bankrupt.com/misc/TRACEYds0531.pdf

The bankruptcy case is In Re: ADA A. GIRON, Debtor, Case No.
15-07521 (Bankr. N.D. Ill.).


ADAMIS PHARMACEUTICALS: May Issue 5.2M Shares Under Equity Plan
---------------------------------------------------------------
Adamis Pharmaceuticals Corporation filed a Form S-8 registration
statement with the Securities and Exchange Commission to register
5,171,583 shares of common stock issuable under the Company's
2009 Equity Incentive Plan.  A copy of the prospectus is available
for free at https://is.gd/LpwZcm

                         About Adamis

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

Adamis reported a net loss of $13.6 million on $0 of revenue for
the year ended Dec. 31, 2015, compared to a net loss of $9.31
million on $0 of revenue for the year ended Dec. 31, 2014.

As of March 31, 2016, Adamis had $12.7 million in total assets,
$3.96 million in total liabilities and $8.69 million in total
stockholders' equity.

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


ADELPHIA COMMS: Announces $5M Distribution to Holders of Claims
---------------------------------------------------------------
Adelphia Communications Corporation ("ACC") on June 2, 2016
disclosed that a subsequent distribution of $5 million in cash
payable on or about June 16, 2016 to holders of Allowed Claims
against the parent Adelphia Communications Corporation pursuant to
the First Modified Fifth Amended Joint Chapter 11 Plan of
Reorganization of Adelphia Communications Corporation and Certain
Affiliated Debtors, dated as of January 3, 2007, as Confirmed (the
"Plan").  ACC has established a Record Date for purposes of this
distribution of June 8, 2016.

A chart summarizing the distribution of cash to be made to holders
of Allowed Claims against ACC will be available in the Important
Documents section of the Company's website at
www.adelphiarestructuring.com

The chart does not reflect additional distributions that may be
made over time as a result of the release of escrows, reserves and
holdbacks.  The amount and timing of such distributions as a result
of the release of escrows, reserves and holdbacks are subject to
the terms and conditions of the Plan and numerous other conditions
and uncertainties, many of which are outside the control of
Adelphia and its subsidiaries.

Creditor inquiries regarding distributions under the Plan should be
directed to creditor.inquiries@adelphia.com

                   About Adelphia Communications

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

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

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

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

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

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


ALEXZA PHARMACEUTICALS: Complaints Filed Over Merger Agreement
--------------------------------------------------------------
On May 24, 2016, Kim v. Alexza Pharmaceuticals, Inc., et al. (the
"Kim Complaint") and Canty v. Alexza Pharmaceuticals, Inc., et al.,
Case No. 16CV295577, 7 (the "Canty Complaint") each a putative
class action complaint related to the Merger Agreement, were each
filed in the Superior Court of the State of California, County of
Santa Clara by purported Alexza stockholders.   The May 24
Complaints are substantively identical to the Complaint, name the
same defendants (with the addition of Ferrer), assert the same
claims and seek the same relief.  Ferrer and the Purchaser believe
the May 24 Complaints are without merit and intends to vigorously
defend the actions.

As previously reported, Grupo Ferrer Internacional, S.A., Ferrer
Therapeutics Inc., a wholly-owned subsidiary of Ferrer, and Ferrer
Pharma Inc., a  wholly-owned subsidiary of FTI, offered to purchase
all outstanding shares of common stock, $0.0001 par value per share
of Alexza Pharmaceuticals, Inc., at a price of $0.90 per Share.

                  About Alexza Pharmaceuticals, Inc.

Alexza Pharmaceuticals is focused on the research, development, and
commercialization of novel, proprietary products for the acute
treatment of central nervous system conditions.  Alexza's products
and development pipeline are based on the Staccato(R) system, a
hand-held inhaler designed to deliver a pure drug aerosol to the
deep lung, providing rapid systemic delivery and therapeutic onset,
in a simple, non-invasive manner.  Active pipeline product
candidates include AZ-002 (Staccato alprazolam) for the management
of epilepsy in patients with acute repetitive seizures and AZ-007
(Staccato zaleplon) for the treatment of patients with middle of
the night insomnia.

Alexza reported a net loss of $21.31 million on $5.02 million of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $36.73 million on $5.56 million of total revenues for the
year ended Dec. 31, 2014.

As of March 31, 2016, Alexza had $10.6 million in total assets,
$84.9 million in total liabilities and a total stockholders'
deficit of $74.3 million.

OUM & CO. LLP, in San Francisco, California, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company has recurring
losses from operations and has a net capital deficiency that raise
substantial doubt about its ability to continue as a going concern.


ALLIANCE PROCESSORS: Taps Brackett & Ellis as Special Counsel`
--------------------------------------------------------------
Alliance Processors, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of Texas to hire Brackett & Ellis,
P.C. as its special counsel.

The Debtor tapped the firm to:

     (a) assist the Debtor in preparing and implementing various
         transactional documents in connection with the lease and
         sale of the San Antonio plant and equipment;

     (b) draft resolutions, minutes, and other corporate documents

         as necessary;

     (c) advise the Debtor on corporate matters and perform all
         other corporate or transactional legal services for and
         on behalf of the Debtor;

     (d) advise and represent the Debtor in connection with any
         litigation that may arise during the course of its
         bankruptcy case; and

     (e) draft pleadings, agreements or any other documents
         necessary or appropriate in connection with the
         representation of the Debtor's interest.

The firm will charge the Debtor for its services on an hourly
basis.  The current rate charged by Joe Tolbert, Esq., at Brackett
& Ellis, is $325 per hour.

Brackett & Ellis is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Joe Tolbert
     Brackett & Ellis, P.C.
     100 Main Street
     Fort Worth, TX 76102
     Telephone: (817) 338-1700
     Facsimile: (817) 870-2265

The Debtor can be reached through:

     J. Robert Forshey, Esq.
     Lynda L. Lankford, Esq.
     Juan J. Mendoza, Esq.
     Forshey & Prostok, L.L.P.
     777 Main Street, Suite 1290
     Fort Worth, Texas 76102
     Phone: (817) 877-8855
     Fax: (817) 877-4151
     E-mail: bforshey@forsheyprostok.com
             Ilankford@forsheyprostok.corn
             imendoza@forsheyprostok.com

                    About Alliance Processors

Alliance Processors, Inc. sought protection under Chapter 11 of the
Bankruptcy Code in the Northern District of Texas (Ft. Worth) (Case
No. 16-402611) on January 18, 2016.  

The petition was signed by Harvey L. Earles, president.  The case
is assigned to Judge Mark X. Mullin.

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


ALLIED CONSOLIDATED: Taps Eckert Seamans as Special Counsel
-----------------------------------------------------------
Allied Consolidated Industries Inc. seeks approval from the U.S.
Bankruptcy Court for the Northern District of Ohio to hire Eckert
Seamans Cherin & Mellott, LLC as its special counsel.

The Debtor tapped the firm to continue and prosecute an appeal it
filed before the U.S. Sixth Circuit Court of Appeals involving U.S.
Steel and to file new claims against the company for alleged breach
of contract.  Specifically, Eckert will provide these services:  

     (a) consulting with the Debtor's management, counsel and
         crisis manager, John Lane, and giving legal advice with
         respect to matters involving U.S. Steel and other claims
         of the estate against the company;

     (b) assisting Mr. Lane in analyzing and prosecuting claims
         against U.S. Steel;

     (c) preparing legal papers related to the breach of contract
         claims;

     (d) representing the Debtor in the appeal and other
         proceedings before the U.S. Sixth Circuit Court of
         Appeals and in any other judicial or administrative
         proceeding;

     (e) collecting any judgment, settlement or otherwise
         obtaining recovery for the Debtor; and

     (f) attending meetings and negotiating with representatives
         of U.S. Steel.

The Debtor has negotiated a contingency fee arrangement with Eckert
with respect to the breach of contract claims.  Under the proposed
agreement, the firm will receive one-third of any judgment obtained
on the Debtor's behalf as a result of the breach of contract
claims.

With respect to the appeal, the firm will charge for its services
on an hourly basis in one-tenth increments at these rates:

     Christopher Opalinski    $385
     F. Timothy Grieco        $285
     Associates               $150 - $220
     Paralegals and Clerks    $125

Eckert has agreed that the maximum amount of fees that it will seek
for services related to the appeal will be $150,000.

In a court filing, Mr. Opalinski disclosed that the firm does not
hold or represent any interest adverse to the Debtor.

Eckert can be reached through:

     Christopher R. Opalinski, Esq.    
     Eckert Seamans Cherin & Mellott, LLC
     600 Grant St., 44th Floor
     Pittsburgh, PA 15219
     Telephone: 412-566-5963
     Fax: (412) 566-6099
     Email: copalinski@eckertseamans.com

The Debtor can be reached through its counsel:

     Andrew W. Suhar, Esq.
     Joseph R. Macejko, Esq.
     Melissa Macejko, Esq.
     Suhar & Macejko, LLC
     29 E. Front St., 2nd Floor, PO. Box 1497
     Youngstown, OH 44501 -1497
     Telephone: (330) 744-9007
     Facsimile: (330) 744-5857
     Email: mmacejko@suharlaw.com

                    About Allied Consolidated

Allied Consolidated Industries Inc. sought protection under Chapter
11 of the Bankruptcy Code in the Northern District of Ohio
(Youngstown) (Case No. 16-40675) on April 13, 2016.  The petition
was signed by John R. Ramun, president.

The Debtor is represented by Melissa M. Macejko, Esq., at Suhar &
Macejko, LLC. The case is assigned to Judge Kay Woods.

The Debtor estimated both assets and liabilities in the range of $0
to $50,000.


ALLY FINANCIAL: Presented at Bernstein Strategic Conference
-----------------------------------------------------------
Members of management of Ally Financial Inc. presented at the
Bernstein Annual Strategic Decisions Conference on June 2, 2016.
The presentation is available for free at https://is.gd/BczAzG

                       About Ally Financial

Ally Financial Inc., formerly GMAC Inc. -- http://www.ally.com/--
is one of the world's largest automotive financial services
companies.  The Company offers a full suite of automotive
financing products and services in key markets around the world.
Ally's other business units include mortgage operations and
commercial finance, and the company's subsidiary, Ally Bank,
offers online retail banking products.  Ally operates as a bank
holding company.

GMAC obtained a $17 billion bailout from the U.S. government in
exchange for a 56.3 percent stake.  Private equity firm Cerberus
Capital Management LP keeps 14.9 percent, while General Motors Co.
owns 6.7 percent.

Ally reported net income of $1.28 billion on $4.86 billion of total
net revenue for the year ended Dec. 31, 2015, compared to net
income of $1.15 billion on $4.65 billion of total net revenue for
the year ended Dec. 31, 2014.  As of Dec. 31, 2015, the Company had
$158.58 billion in total assets, $145.14 billion in total
liabilities and $13.43 billion in total equity.

                           *     *     *

As reported by the TCR on Dec. 16, 2013, Standard & Poor's Ratings
Services said it raised its issuer credit rating on Ally Financial
Inc. to 'BB' from 'B+'.  "The upgrade reflects the company's
release from potential legal and financial liabilities stemming
from its ownership of ResCap," said Standard & Poor's credit
analyst Tom Connell.

In the April 3, 2014, edition of the TCR, Fitch Ratings has
upgraded Ally Financial Inc.'s long-term Issuer Default Rating
(IDR) and senior unsecured debt rating to 'BB+' from 'BB'.
The rating upgrade reflects increased clarity around Ally's
ownership structure given Ally's recent announcement that it has
launched an initial public offering those shares of its common
stock held by the U.S. Treasury (the Treasury).

As reported by the TCR on July 16, 2014, Moody's Investors Service
affirmed the 'Ba3' corporate family and 'B1' senior unsecured
ratings of Ally Financial, Inc. and revised the outlook for the
ratings to positive from stable.  Moody's affirmed Ally's ratings
and revised its rating outlook to positive based on the company's
progress toward sustained improvements in profitability and
repayment of government assistance received during the financial
crisis.


AMERICAN AIRLINES: Fitch Rates New $850MM Special Facility Bonds BB
-------------------------------------------------------------------
Fitch Ratings has assigned ratings of 'BB' to a series of special
facility revenue bonds to be guaranteed by American Airlines Group
Inc. and its primary operating subsidiary, American Airlines, Inc.
The guarantees will be secured by a mortgage on American's
leasehold interest in Terminal 8 at New York's JFK Airport.  The
bonds will be issued by the New York Transportation Development
Corporation, and the proceeds of the bonds will be loaned to
American to be used to refinance American's existing 2002 and 2005
series of special facility revenue bonds.  The existing bonds were
issued for the purposes of financing the development of Terminal 8.


The issuance will consist of around $850 million in new bonds
including serial bonds that will mature between 2017 and 2021, and
term bonds maturing in 2026 and 2031.

                         KEY RATING DRIVERS

The 'BB' rating represents a one-notch uplift from American's
Long-Term Issuer Default Rating (IDR) of 'BB-'.  Fitch views the
revenue bonds as having a favorable position compared to American's
unsecured issuances primarily supported by the strategic importance
of American's position at JFK.  The airport acts as a key
international gateway for American and handles more than 100 daily
flights.  JFK is a slot controlled airport; slots, gates and
terminal space are highly sought after by airlines looking to
maintain a presence in the key New York market.  As such, Fitch
believes that American would have a material incentive to affirm
its lease at JFK in the event that it was to enter bankruptcy as it
did during its 2011 bankruptcy proceedings.

If American were to miss payments under its lease with the Port
Authority of New York and New Jersey, subject to the satisfaction
of certain conditions, the bondholders have the right to foreclose
and to find a successor lessee.  The bonds benefit from certain
cross-default features with American's lease with the Port
Authority of New York and New Jersey.  Given the desirability of
JFK for any airline looking to expand its presence in New York,
there is a high likelihood that a new tenant could be found and
that the bondholders could receive material recovery value.  Note
that Fitch views this as an unlikely scenario and that the actual
recovery value is difficult to estimate given the nature of the
asset and the potential costs involved with foreclosing and
re-leasing the terminal space.

American Airlines Credit Profile

Fitch upgraded American to 'BB-' from 'B+' in December of 2015. The
rating upgrade was supported by the strong financial results that
American has posted since its merger with US Airways and concurrent
emergence from bankruptcy.  The upgrade also reflects fading merger
integration risks now that the company is more than two years into
the process.  Fitch considers most of the ratings pressure from
integration risk to be in the past now that the two companies have
successfully merged on to one reservation system.

The 'BB-' rating also incorporates the risks in American's credit
profile, including a significant debt balance and expectations for
leverage to be somewhat high for the rating over the next two
years, heavy upcoming capital requirements, and shareholder focused
cash deployment.  Other rating concerns include risks that are
inherent to the airline industry including cyclicality, intense
competition, sensitivity to spikes in the price of jet fuel, and
exposure to exogenous shocks (i.e. war, terrorism, epidemics,
etc.).

                          KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for American
include:

   -- Low single-digit capacity growth through the forecast
      period;
   -- Continued stable/slow growth in demand for U.S. domestic
      travel;
   -- Mid-single-digit PRASM decline in 2016 followed by
      relatively flat unit revenues thereafter;
   -- Conservative fuel price assumption which includes crude oil
      increasing to $80+/barrel by 2018.

                       RATING SENSITIVITIES

Positive Rating Sensitivities for the corporate rating include:

   -- Adjusted leverage sustained below 4x;
   -- Funds from operations (FFO) fixed charge coverage sustained
      around 3x;
   -- Free cash flow generation above Fitch's base case
      expectation;
   -- Further progress towards reaching joint collective
      bargaining agreements with various labor groups.

Future actions that may individually or collectively cause Fitch to
take a negative rating action include:

   -- Adjusted debt/EBITDAR sustained above 4.5x;
   -- EBITDAR margins deteriorating into the low double-digit
      range;
   -- Shareholder focused cash deployment at the expense of a
      healthy balance sheet.

FULL LIST OF RATING ACTIONS

Fitch has assigned this rating:

   -- Series 2016 revenue bonds issued by the New York
      Transportation Development Corporation: 'BB'

Fitch currently rates American as:

American Airlines Group Inc.
   -- Long-Term IDR 'BB-';
   -- Senior unsecured notes 'BB-/RR4'.

American Airlines, Inc.
   -- Long-Term IDR 'BB-';
   -- Senior secured credit facility 'BB+/RR1'.


AMERICAN AIRLINES: S&P Rates 2016 Special Facility Bonds 'BB-'
--------------------------------------------------------------
S&P Global Ratings assigned its 'BB-' issue-level rating to
American Airlines Inc.'s New York Transportation Development Corp.
special facility revenue refunding bonds series 2016 (American
Airlines Inc. John F. Kennedy International Airport Project).  The
bonds are being issued to fund the defeasance and redemption of the
company's existing New York City Industrial Development Agency
special facility revenue bonds series 2002B and 2005.  S&P rates
the series 2016 bonds at the same level as the rating agency's
corporate credit rating on American Airlines, which is one notch
higher than S&P's issue-level ratings on the company's senior
unsecured debt, because the bondholders have the benefit of a
security package that it not available to the general unsecured
creditors.  The payments on the bonds are guaranteed by American
and its parent, American Airlines Group Inc. (AAG), and those
guarantees are secured by a mortgage on American's leasehold
interest in the facility lease of Terminal 8 and related facilities
at JFK Airport from the Port Authority of New York and New Jersey.

S&P raised its ratings on AAG and its subsidiaries, including its
corporate credit rating, to 'BB-' from 'B+' on June 12, 2015.  The
upgrade reflected the company's strong earnings, cash flow, and
improving credit measures.  S&P could raise its ratings on AAG
further if the company's funds from operations (FFO)-to-debt ratio
exceeds 30% and S&P expects that it will remain there.  Although
unlikely, S&P could lower its ratings on AAG if a spike in fuel
prices or serious revenue weakness cause its FFO-to-debt ratio to
fall below 15% and S&P expects that it will remain at that level.

RATINGS LIST

American Airlines Inc.
Corporate Credit Rating                BB-/Stable/--

New Ratings

American Airlines, Inc.
New York Transp Dev Corp
JFK Airport Rev Refund Bnds Ser 2016   BB-


AMKOR TECHNOLOGY: Moody's Affirms B1 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service affirmed Amkor Technology, Inc.'s
ratings, including the B1 Corporate Family Rating ("CFR"), the
B1-PD Probability of Default Rating ("PDR"), the B2 Senior
Unsecured rating, and the SGL-2 Speculative Grade Liquidity ("SGL")
rating. The outlook is stable.

RATINGS RATIONALE

The B1 corporate family rating (CFR) reflects Amkor's business
position as the second largest outsourced semiconductor assembly
and test (OSAT) company in the world after market leader Advanced
Semiconductor Engineering ($4.2 billion of OSAT revenues in 2015),
with a broad portfolio of advanced manufacturing technologies for
semiconductor chip finishing and testing. Due to its large scale of
operations, Amkor should continue to benefit from the secular
outsourcing trend in semiconductor production, as semiconductor
companies increasingly outsource manufacturing as part of their
"fabless" or "fab-lite" manufacturing models.

Nevertheless, the assembly and test segment of the semiconductor
industry is capital intense and cyclical due to dependence on the
semiconductor industry. Amkor goes through long periods of very
high capital spending which usually leads to depressed or negative
free cash flow. Moreover, Amkor has high customer revenue
concentration, which Moody's believes limits Amkor's leverage in
contract negotiations.

Moody's expects that FCF will be negative in 2016 due to a high
pace of capital expenditures to expand the Shanghai, China facility
and complete the construction of the K5 facility in Korea.
Moreover, Moody's expects the EBITDA margin to decline toward 20%
(Moody's adjusted) due to the full consolidation of J-Devices Corp.
("J-Devices"), which has a lower EBITDA margin than the historical
Amkor, though it has historically generated free cash flow due to
its lower capital intensity. Nevertheless, Moody's expects free
cash flow ("FCF") generation to become modestly positive in 2017
due to reduced capital expenditures following the completion of the
major construction projects in 2016 (K5 and the expansion of the
Shanghai facility).

The stable outlook reflects Moody's expectation that with both the
K5 facility construction and the Shanghai facility expansion
completed in 2016, Amkor will begin to generate modest levels of
FCF in early 2017 following several years of negative to breakeven
FCF. Moody's expects the EBITDA margin to decline toward 20%
(Moody's adjusted) due to the full consolidation of J-Devices,
which has a lower EBITDA margin than the historical Amkor.

The rating could be upgraded if profitability and cash flow improve
such that Amkor's EBITDA margin (Moody's adjusted) is sustained in
the mid-twenties percent and FCF is sustained above $100 million.
An upgrade would also require the maintenance of a solid liquidity
position and balanced financial policies. The rating could be
downgraded if the EBITDA margin (Moody's adjusted) declines into
the upper teens percent, free cash flow remains persistently
negative or liquidity weakens.

The B2 senior unsecured rating, which is one notch below the CFR,
reflects the structural subordination to the debt at Amkor's
foreign subsidiaries. The Speculative Grade Liquidity ("SGL")
rating of SGL-2, reflects Amkor's good liquidity, which is
supported by Moody's expectation that Amkor will maintain cash of
over $200 million ($413 million as of March 31, 2016), plus $55
million available under the secured ABL revolving credit facility
and over $235 million available under other foreign credit
facilities as of March 31, 2016. Still, due to the high capital
expenditures in 2016 Moody's believes that FCF will be negative in
2016 and only modestly positive in 2017.

Affirmations:

Issuer: Amkor Technology, Inc.

-- Corporate Family Rating (Local Currency), Affirmed B1

-- Probability of Default Rating, Affirmed B1-PD

-- Speculative Grade Liquidity Rating, Affirmed SGL-2

-- Senior Unsecured Regular Bond/Debenture, Affirmed B2, LGD5

Outlook Actions:

Issuer: Amkor Technology, Inc.

-- Outlook, Remains Stable

Amkor Technology, Inc., based in Chandler, Arizona, provides
outsourced semiconductor assembly and test services to integrated
semiconductor device manufacturers, fabless semiconductor
companies, and semiconductor foundries.


AMPLIPHI BIOSCIENCES: Hal Mintz Reports 6.38% Stake as of May 31
----------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Hal Mintz disclosed that as of May 31, 2016, he
beneficially owns 709,220 shares of common stock of AmpliPhi
Biosciences Corporation representing 6.38 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at https://is.gd/PcGXjg

                         About AmpliPhi

AmpliPhi Biosciences Corp. is a biopharmaceutical company that
develops bacteriophage-based therapeutics.  It also develops an
internally generated pipeline of naturally occurring viruses
called bacteriophage (Phage) for the treatment of bacterial
infection, such as drug-resistant strains of bacteria that are
commonly found in the hospital setting.  The company's Phage
discovery also focuses on acute & chronic lung, sinus and
gastrointestinal infections.  AmpliPhi Biosciences was founded in
March 1989 and is headquartered in Glen Allen, Virginia.

Ampliphi Biosciences reported a net loss attributable to common
stockholders of $10.79 million on $475,000 of revenue for the year
ended Dec. 31, 2015, compared to net income attributable to common
stockholders of $21.8 million on $409,000 of revenue for the year
ended Dec. 31, 2014.

As of March 31, 2016, AmpliPhi had $28.26 million in total assets,
$5.74 million in total liabilities, $13.61 million in series B
redeemable convertible preferred stock and total stockholders'
equity of $8.89 million.

Ernst & Young LLP, in Richmond, Virginia, issued a "going concern"
qualification on the Company's consolidated financial statements
for the year ended Dec. 31, 2015, citing that the Company has
recurring losses from operations and has a net capital deficiency
that raise substantial doubt about its ability to continue as a
going concern.


ANTERRA ENERGY: Court Grants Extension of CCAA Proceedings
----------------------------------------------------------
Anterra Energy Inc. on June 3, 2016, disclosed that the Court of
Queen's Bench of Alberta, Judicial Centre of Calgary (the "Court")
has granted an extension until August 16, 2016 of the initial Order
granted on May 6, 2016 pursuant to which Anterra was granted
creditor protection under the Companies' Creditors Arrangement Act
(Canada) (the "CCAA").  The extension was supported by
PricewaterhouseCoopers Inc., the Court-appointed Monitor of
Anterra's CCAA process.

The Company has arranged an interim, first-priority loan with a
related party, in the principal amount of $2.5 million (the "Loan")
to fund the CCAA Proceedings, expenditures required to bring
Anterra's oilfield operations back online and general operations.
Additionally, the Loan will facilitate the preparation and filing
of the Company's outstanding annual and interim financial
disclosures, revocation of cease trade orders issued against the
Company by the Alberta, British Columbia and Ontario Securities
Commissions, and reinstatement of trading on the TSX Venture
Exchange.

Anterra also disclosed that Ms. Juan (Kiki) Wang has resigned from
the board of directors of the Company effective immediately.
Management and the Board of Directors of Anterra wishes to thank
Ms. Wang for her contributions to the Company.

Anterra Energy Inc. -- http://www.anterraenergy.com/-- is a
Canada-based oil focused junior exploration and production company.
The Company is engaged in the acquisition, development,
optimization and production of crude oil and natural gas in western
Canada.  The Company has two segments: oil and gas segment, and
midstream processing segment.  The Company's oil and gas segment
explores for, develops and produces oil and gas.  The Company's
midstream processing segment provides third party processing and
disposal services to the oil and gas industry.  The Company
operates five principal oil properties in Alberta: Breton - Belly
River Oil, Buck Lake - Cardium Oil, Nipisi - Gilwood Oil,
Strathmore - Basal Quartz Oil and Two Creek - Jurassic Oil.


APRICUS BIOSCIENCES: Fails to Comply with NASDAQ Requirement
------------------------------------------------------------
Apricus Biosciences, Inc., received a notice from the NASDAQ
Listing Qualifications Staff that the Company no longer satisfies
the minimum $35 million market value of listed securities
requirement as required for continued listing on The NASDAQ Capital
Market under NASDAQ Listing Rule 5550(b)(2).  However, in
accordance with the NASDAQ Listing Rules, the Company has been
granted a 180-day period within which to regain compliance with the
market capitalization requirements, through Nov. 29, 2016.  In
order to achieve compliance, the Company must evidence a market
value of listed securities of at least $35 million for a minimum of
10 consecutive business days.  The notice has no immediate effect
on the listing or trading of the Company's common stock and the
common stock will continue to trade on The NASDAQ Capital Market
under the symbol "APRI."

The Company intends to monitor the market value of its common stock
and consider available options if its common stock does not trade
at a level likely to result in the Company regaining compliance
with NASDAQ's minimum market value rule by Nov. 29, 2016.

                    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.

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.

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.


ATLANTIC CITY, NJ: Trump Taj Mahal Among Seen at Risk to Shut
-------------------------------------------------------------
Brian Chappatta, writing for Bloomberg News, reported that four
additional casinos in Atlantic City, including the Trump Taj Mahal,
could shutter if gaming expands in New Jersey beyond the
cash-strapped resort town.

According to the report, citing a Fitch Ratings report released on
June 2, a 10 percent decline in Atlantic City’s gross gaming
revenue would put Donald Trump's namesake casino at risk.  It would
take larger drops to imperil Resorts Casino and Golden Nugget, the
report related, citing the analysis.  Fitch predicts Bally's
Atlantic City also has an uncertain future, the report further
related.

A voter referendum in November could legalize gaming in New Jersey
outside of Atlantic City, the report said.  Though public opinion
of gambling is mostly split evenly, and it would take at least four
years to open a new in-state casino, the prospect of expansion
poses a risk to the income generated by those remaining in Atlantic
City, the report added, further citing Fitch.

                  *     *     *

The Troubled Company Reporter, on May 9, 2016, reported that S&P
Global Ratings has lowered its rating on Atlantic City, N.J.'s
general obligation (GO) debt to 'CC' from 'CCC-'.  The outlook is
negative.  The rating action resolves the CreditWatch Developing
that we placed on the rating on Jan. 22, 2016.

"The downgrade reflects our opinion that a default or debt
restructuring appears to be a virtual certainty even under the
most
optimistic circumstances," said S&P Global credit analyst Timothy
Little.

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

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

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

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

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

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

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


ATNA RESOURCES: Court OKs Price Reduction on Solitario Transaction
------------------------------------------------------------------
Hon. Joseph G. Rosania, Jr., of the U.S. Bankruptcy Court for the
District of Colorado authorized Atna Resources Inc. and its
affiliated debtors to proceed with the modifications described in
its Motion for Supplemental Sale Order Approving Consensual
Modification to Terms of Solitario Transaction and approved the
modifications to the Solitario transaction to supplement the
original Sale Order.

According to the Debtors, "As described in the Sale Order,
Solitario was selected as the successful bidder for royalty rights
related to certain mineral rights owned by Debtor CR Montana
Corporation for a $50,000 cash payment...related to 18,000 acres of
mineral rights. However, as the parties were finalizing the
necessary transfer documentation and moving towards closing, the
Debtors discovered that 3,000 acres of the original 18,000 acres
had previously been conveyed to a third party, leaving only 15,000
acres of mineral rights to be sold. The Debtors immediately
addressed the issue with Solitario who agreed to close the
transaction on the reduced acreage in exchange for (a) a pro rata
reduction to the purchase price from $50,000 to $40,000 and (b) the
conveyance of an additional asset -- the Lolo Minerals 1.5% NSR
royalty on one section of land in Missoula County owned by Debtor
Canyon Resources Corp."

The Debtors further state that they have discussed the Price
Reduction and the addition (and value) of the Lolo Minerals Royalty
with Waterton Precious Metals Fund II Cayman, LP, and the
Committee, each of whom has confirmed that it has no objection to
the modification of the Solitario transaction.

Attorneys for the Debtors and Debtors in Possession:

       Stephen D. Lerner, Esq.
       SQUIRE PATTON BOGGS (US) LLP
       221 E. Fourth Street, Suite 2900
       Cincinnati, OH 45202
       Telephone: (513) 361-1200
       Facsimile: (513) 361-1201
       Email: Stephen.lerner@squirepb.com

       -- and --

       Nava Hazan, Esq.
       SQUIRE PATTON BOGGS (US) LLP
       30 Rockefeller Plaza, 23rd Floor
       New York, NY 10112
       Telephone: (212) 872-9800
       Facsimile: (212) 872-9815
       Email: Nava.hazan@squirepb.com

            About Atna Resources

Headquartered in Lakewood, Colorado, Atna Resources Ltd. --
http://www.atna.com/-- is engaged in all phases of the mining
business, including exploration, preparation of pre-feasibility and
feasibility studies, permitting, construction and development,
operation and final closure of mining properties.

The Company owns or controls various properties with gold
resources.  The Company's production property includes Briggs Mine
California and Pinson Mine Property, Nevada.  The Company's
development properties include Mag Pit at Pinson; Columbia Project,
Montana and Briggs Satellite Projects, California.  Its exploration
properties include Sand Creek Uranium Joint Arrangement, Wyoming;
Blue Bird Prospect, Montana and Canadian Properties, Yukon and
British Columbia.  Its Closure Property is Kendall, Montana.  The
Briggs mine is located on approximately 156 unpatented claims,
including approximately 15 mill site claims, covering over 2,890
acres.  The Company's Pinson Mine Property is located in Humboldt
County, Nevada, over 30 miles east of Winnemucca.

Atna Resources, Inc. and its direct and indirect subsidiaries filed
Chapter 11 bankruptcy petitions (Bankr. D. Colo. Proposed Lead Case
No. 15-22848) on Nov. 18, 2015.  The petitions were signed by
Rodney D. Gloss as vice president & chief financial officer.   

Atna also sought ancillary relief in Canada pursuant to the
Companies' Creditors Arrangement Act in the Supreme Court of
British Columbia in Vancouver, Canada.

In its Chapter 11 petition, Atna estimated assets in the range of
$10 million to $50 million and liabilities of $50 million to $100
million.  

Squire Patton Boggs (US) LLP serves as counsel to the Debtors.

On Dec. 14, 2015, the Office of the United States Trustee for the
District of Colorado appointed a statutory committee of unsecured
creditors in the Chapter 11 Cases.  The Committee tapped Onsager
Guyerson Fletcher Johnson as attorneys.


AZAR J. VINCENT: Chase to Recoup 5% for Undersecured Claim
----------------------------------------------------------
Azar J. Vincent delivered to the U.S. Bankruptcy Court for the
District of Massachusetts his plan of reorganization and disclosure
statement on June 1, 2016.  

The Debtor has $1,229.00 in general unsecured creditors who have
filed proofs of claims; $0 in Schedule F claims; and $90,509.89 in
an undersecured claim, which totals $91,738.89.  The bar date for
filing proofs of claim expired on November 25, 2015.

JP Morgan Chase Bank, N.A. -- as servicer for Wells Fargo Bank,
N.A. as Trustee for WaMu Mortgage Pass-Through Certificates, Series
2005-PR4 Trust -- holds a secured claim in the amount of
$465,000.00 and the $90,509.89 unsecured claim.

The Plan provides for the Debtor to pay the unsecured general
creditors 100% which is the sum of $1,229.00 to be paid on the
Effective Date of the Plan.  

The unsecured portion of Chase's claim of $90,509.89 (undersecured
creditor) shall be paid at 5% which totals $4,525.50 to be paid in
five annual payments of $905.10 commencing on the Effective Date.
(Chase has agreed to that treatment pursuant to the Stipulation.)

A copy of the Disclosure Statement is available at:

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

Mr. Vincent operates his own plumbing business and co-owns a
38-unit apartment complex at 4916 Voorhees Road, Newport Richey,
FL.


BDF ACQUISITION: Moody's Affirms B2 CFR & Lowers Term Loan Rating
-----------------------------------------------------------------
Moody's Investors Service affirmed BDF Acquisition Corp.'s
("Bob's") B2 Corporate Family Rating ("CFR") and B2-PD Probability
of Default Rating ("PDR"), and downgraded the company's 1st lien
term loan to B2 from B1 following the announcement of a proposed
$190 million add-on to the facility. The rating outlook is stable.
BDF Acquisition Corp. is the entity created to effect the
acquisition of Bob's Discount Furniture in February 2014 by Bain
Capital ("Bain"), the company's majority shareholder.

Proceeds from the proposed add-on will be used to repay the
company's $80 million 2nd lien term loan due 2022 in full, fund a
$100 million distribution to shareholders, and pay related fees and
expenses. The company will also put $5 million of cash on the
balance sheet. Moody's estimates lease adjusted leverage pro-forma
for the proposed transaction will approach 6 times for the LTM
period ending April 3, 2016, with interest coverage in the
low-to-mid 1 times range. The company's pro-forma credit metrics
push the boundaries of the B2 rating, however Moody's expects
continued solid operating performance will drive leverage to the
mid-to-low 5 times range, with interest coverage in the mid-1 times
range over the next 12-24 months. Over the LTM period, Bob's has
seen same store sales growth consistently in the high single digit
to low double digit range, with relatively stable EBITDA margins,
and EBITDA growth (Moody's adjusted) approaching 20%.

The downgrade to Bob's 1st lien term loan reflects the expected
repayment of the company's $80 million 2nd lien term loan which
provided first loss absorption within the capital structure. The
removal of the 2nd lien term loan eliminated the support provided
to the 1st lien term loan per Moody's Loss Given Default
Methodology, which resulted in a one-notch downgrade to the
instrument.

Moody's took the following rating actions today:

Issuer: BDF Acquisition Corp.

  Corporate Family Rating, Affirmed at B2

  Probability of Default Rating, Affirmed at B2-PD

  $367 million 1st lien term loan due 2021, Downgraded to
  B2, LGD-3 from B1, LGD-3 (includes proposed $190 million
  add-on)

Outlook, Stable

The following rating is unaffected and will be withdrawn upon close
of the proposed transaction:

  $80 million 2nd lien term loan due 2022 at B3, LGD-5
  (to be withdrawn upon close of the proposed transaction)

RATINGS RATIONALE

Bob's B2 CFR reflects the company's high leverage and modest
interest coverage stemming from the January 2014 leveraged buyout
by Bain and the proposed debt funded dividend, which Moody's
believes reflects an aggressive financial profile. The rating also
reflects Bob's small size and limited geographic presence as a
regionally concentrated retail chain, its limited product
diversification as a specialty furniture retailer, and the
discretionary nature of its product which increases susceptibility
to volatility in discretionary consumer spending.

The rating favorably reflects the strength of the company's "Bob's
Discount Furniture" brand in the regions where it operates, its
credible overall market position and scale within the highly
fragmented U.S. furniture market, and its demonstrated ability to
maintain top line growth through difficult economic conditions,
aided by its value product positioning. The rating also reflects
Moody's expectation for continued solid operating performance
driven by top line revenue growth and stable EBITDA margins.

Bob's liquidity profile is good, supported by Moody's expectation
that cash generated from operations, capacity under a $40 million
asset-based ("ABL") revolving credit facility (unrated), and cash
on the balance sheet will be sufficient to cover the company's cash
needs (including growth capex) over the next 12-18 months. Moody's
anticipates modestly positive free cash flow in the $10-$15 million
range in 2016, despite continued investments in new store
expansion. Cash flow should benefit from continued solid operating
performance and the roll off of some one time investments such as
Bob's new Midwest distribution center.

The 1st lien term loan does not contain financial maintenance
covenants, however the ABL is subject to a springing 1.0 times
minimum fixed charge coverage covenant which is triggered if excess
availability is less than the greater of 12.5% and $5 million (or
if any overadvance loans are outstanding at any time, as defined by
the credit agreement). The ABL facility was undrawn as of April 3,
2016, however Moody's expects the company may draw on the facility
over the near term to cover short term working capital needs.
Nevertheless, Moody's expects any borrowings would be repaid in
full with cash generated from operations and does not expect the
springing covenant to be tested over the next 12-18 months. The
rating agency would anticipate substantial cushion if the covenant
were triggered.

The B2 rating on the 1st lien term loan is in line with the CFR and
reflects its senior position in the capital structure relative to
other junior claims including trade payables and leases. The first
lien term loan is secured on a first priority basis by
substantially all tangible and intangible assets of the borrower,
except for the ABL priority collateral on which it has a second
lien. The ABL priority collateral consists of cash, accounts
receivable and inventory.

The stable rating outlook reflects Moody's expectation that the
company will continue to demonstrate profitable growth while
maintaining stable EBITDA margins. Anticipated revenue growth,
through new store expansion combined with modest same store sales
improvement, should result in debt/EBITDA leverage in the
mid-to-low 5 times range and interest coverage (EBIT/Interest
Expense) in the mid-1 times range over the next 12-24 months.

A rating upgrade would require sustained growth in revenue and
earnings resulting in debt/EBITDA of 4.5 times or lower and
EBIT/interest over 2.0 times. It would also require greater
regional diversification and scale, and a willingness on the part
of the company to maintain conservative financial policies.

Bob's ratings could be downgraded if operating performance were to
decline, resulting in a deterioration in credit metrics or weaker
liquidity. Debt/EBITDA sustained above 6.0 times or interest
coverage below 1.25 times could pressure the ratings lower.

BDF Acquisition Corp., based in Manchester, CT., was created to
acquire a majority stake in Bob's Discount Furniture, a retailer of
value-priced furniture with 69 stores primarily in the Northeast,
Mid-Atlantic, and Midwest states as of April 3, 2016. Revenue for
the latest twelve month period exceeded $1 billion. The company is
majority owned by private equity firm Bain Capital.


BEEKMAN LIQUORS: Taps Alter & Brescia as Legal Counsel
------------------------------------------------------
Beekman Liquors, Inc. seeks approval from the U.S. Bankruptcy Court
for the Southern District of New York to hire Alter & Brescia LLP
as its legal counsel.

The company tapped the firm to:

     (a) give advice about its powers and duties as debtor-in-
         possession;

     (b) prepare and file the Debtor's schedules and amendments;

     (c) negotiate with secured, priority and general unsecured
         creditors and other parties in formulating a plan of
         reorganization and take legal steps necessary to confirm
         such plan;
.
     (d) prepare legal papers on behalf of the Debtor; and

     (e) appear before the court and the United States Trustee.

Alter & Brescia's current customary hourly rates range from $425 to
$500 for partners and $275 to $375 for associates.
Paraprofessionals are paid $105 per hour.

Bruce Alter, Esq., at Alter & Brescia, disclosed in a court filing
that the firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

Alter & Brescia can be reached through:

     Bruce R. Alter, Esq.
     Alter & Brescia LLP
     550 Mamaroneck Avenue
     Harrison, NY 10528
     Tel: (914) 670-0030
     Fax: (914) 670-0031
     E-mail: altergold@aol.com
             info@altergoldlaw.com

                    About Beekman Liquors

Beekman Liquors, Inc. sought protection under Chapter 11 of the
Bankruptcy Code in the Southern District of New York (Manhattan)
(Case No. 16-11370) on May 13, 2016.   The petition was signed by
David Frieser, president.  The case is assigned to Judge Martin
Glenn.  The Debtor estimated assets of $500,000 to $1 million and
debts of $1 million to $10 million.


BILL BARRETT: Agrees to Exchange Notes for Common Shares
--------------------------------------------------------
Bill Barrett Corporation, on May 31, 2016, entered into an Exchange
Agreement with an unaffiliated third party that holds outstanding
7.625% Senior Notes due 2019 issued by the Company. Pursuant to the
Exchange Agreement, the Company agreed to exchange $84.7 million
aggregate principal amount of the 7.625% Senior Notes for
10,000,000 shares of the Company's common stock, par value $0.001
per share, plus cash in respect of accrued and unpaid interest on
the exchanged notes.

                      About Bill Barrett

Bill Barrett Corporation is an independent energy company that
develops, acquires and explores for oil and natural gas resources.
All of the Company's assets and operations are located in the Rocky
Mountain region of the United States.

Bill Barrett reported a net loss of $488 million in 2015 following
net income of $15.08 million in 2014.

As of March 31, 2016, Bill Barrett had $1.44 billion in total
assets, $938.23 million in total liabilities and $506 million in
total stockholders' equity.


BIOLOFE SOLUTIONS: Borrows $1 Million from WAVI Holding
-------------------------------------------------------
As previously disclosed, BioLife Solutions, Inc., is a party to a
commitment letter dated May 12, 2016, with WAVI Holding AG pursuant
to which WAVI agreed to make a series of advances on
June 1, 2016, Sept. 1, 2016, Dec. 1, 2016, and March 1, 2017.

Pursuant to the Commitment Letter, on May 12, 2016, the Company
entered into a promissory note in favor of WAVI whereby the Company
agreed to pay WAVI the principal amount of all Advances under the
Note, plus interest.  The Note is unsecured, carries an annual
interest rate of 10% and matures on June 1, 2017.  WAVI is not
obligated to pay any Advance if an event of default has occurred or
is occurring.  In addition, if an event of default has occurred,
WAVI may, at its option, declare the Note to be immediately due and
payable, together with all unpaid interest, without further notice
or demand.  The Note also provides that the Company will not permit
any liens on its assets, subject to certain exceptions.

On June 1, 2016, the Company borrowed $1,000,000 as an Advance
under the Note, which will be subject to the terms and conditions
of the Note.

                     About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife reported a net loss of $4.99 million on $6.44 million of
product sales for the year ended Dec. 31, 2015, compared to a net
loss of $3.30 million on $6.19 million of product sales for the
year ended Dec. 31, 2014.

As of March 31, 2016, Biolife had $10.8 million in total assets,
$2.24 million in total liabilities and $8.52 million in totla
shareholders' equity.


BION ENVIRONMENTAL: Amends "Company Overview" on Website
--------------------------------------------------------
Bion Environmental Technlogies, Inc. placed an amended and updated
"Company Overview" on the Company's Web site,
http://www.biontech.com/

Bion's unique and patented technology platform provides a cleantech
solution for large-scale livestock production (CAFOs - Concentrated
Animal Feeding Operations).  The problem and the opportunity: what
to do with over 1.5 billion tons of manure produced annually that
is not regulated under the Clean Water Act. The livestock industry,
especially CAFOs, has come under heavy and increasing scrutiny for
its substantial environmental and public health impacts at the same
time it is struggling with reduced margins and supply-chain
issues.

Bion's livestock waste treatment technology largely eliminates the
environmental impacts of large-scale production: nutrient runoff
that fuels toxic algal blooms and dead zones, greenhouse gas and
ammonia emissions, and pathogens linked to foodborne illnesses and
antibiotic resistance.  The technology platform simultaneously
improves operational and resource efficiencies by recovering
valuable nutrients and renewable energy from the waste stream and
provides the industry with sustainable branding opportunities.
Bion's unique and patented technology platform can help transform
both the $180 billion U.S. animal protein sector and the way we
manage our soil, air and water quality.

Bion has invested over $100 million in its technology platform,
policy change and other activities since 1989.  Its 2nd generation
(2G) technology is proven at commercial scale and has been reviewed
and qualified for federal loan guarantees under USDA's Technical
Assessment program.  The 2G platform provides the only proven
comprehensive and cost-effective treatment of wet livestock waste:
dairy, beef, and swine.  Bion can provide a livestock facility with
a similar level of treatment and verification as a municipal
wastewater treatment facility, creating opportunities for dramatic
savings in U.S. clean water costs.

Bion was recently joined by National Milk Producers Federation,
Land O'Lakes, JBS and other national livestock interests to support
changes to our nation's clean water strategy that will allow states
to acquire low-cost nutrient reductions through a competitive
procurement process, in the same manner government acquires most
goods and services on behalf of the taxpayer.  As developing
markets for nutrient reductions become fully-established, Bion
anticipates a robust opportunity to retrofit existing CAFOs to
provide cost-effective alternatives to today's high-cost and
failing clean water strategy.

Over the last three years, Bion developed its 3rd generation (3G)
technology that will produce significantly greater value from the
waste stream through the recovery of a concentrated natural
nitrogen fertilizer and pipeline-quality natural gas.  As a result
of R&D efforts and pilot trials over the last three months, Bion
has determined that revenues from byproducts and renewable energy
alone will be sufficient to support certain large-scale 3G
technology-based projects.  These potential opportunities will be
dependent on a number of factors that are described below - The 3G
Business.  At this time, Bion is primarily focused on using its 3G
technology to develop new (or expanded) large-scale projects with
strategic partners like Kreider Farms, which is the third-largest
egg producer in the U.S.

The Problem/Opportunity

In the U.S. today, we have over 9M dairy cows, 80M beef cattle, 62M
swine and billions of poultry (USDA ERS 2012) - an indication of
both the scope of the problem addressed by Bion, as well as its
opportunity.

Estimates of total annual U.S. livestock waste vary widely, but
start around 1.5B tons, between 30 and 100 times greater than human
waste.  Although the U.S. spends over $114 billion a year to clean
up human waste, animal waste is disposed of today as it has been
for centuries: spread on the ground untreated for its fertilizer
value.  Today, however, the agronomic balance between livestock
production and crop farming has been skewed, leading to runoff of
excess nutrients and other pollution that contaminates local and
downstream waters.

Over the last several decades the livestock industry
‘specialized’, essentially decoupling from crop farming, and
began developing increasingly larger facilities that are often in
close proximity to improve production efficiencies.  CAFOs are now
responsible for more than 60 percent of U.S. animal protein
production.  The unintended consequence of increased scale,
together with concentration in certain geographies, has been to
overwhelm Nature's ability to absorb nutrients and mitigate other
impacts from animal waste.

Nutrients from livestock waste enter the environment either through
direct runoff or atmospheric deposition of nitrogen from ammonia
emissions, where they contaminate groundwater and surface waters.
Livestock waste has now been acknowledged as one of the largest
sources of excess nutrients that cause toxic algal blooms and dead
zones in our waters, as well as greenhouse gases and ammonia, and
pathogens that have been linked to food-borne illnesses and
antibiotic resistance.  A major study completed in May 2016 by
Colorado State University in collaboration with US EPA and the
National Park Service determined that ammonia emissions (from
livestock and nitrogen fertilizers) have surpassed NOx emissions
(from automobiles and power plants) as the largest source of
problem nitrogen cycling from the atmosphere to the biosphere.

Ironically, the same manure that is degrading our environment also
represents lost opportunities for the industry; it is a tremendous
waste of the energy and most of the valuable nutrients it contains.
Only about 25 percent of the highly-reactive and mobile nitrogen
in manure is available to crops when applied as fertilizer; the
rest is lost to runoff.  Further, in order to achieve the desired
level of nitrogen, phosphorus must be over-applied, which is both
wasteful and harmful to soil health.  Bion's technology platform
separates the various components of the waste stream so that they
can then be processed into value-added byproducts, thereby
improving on-farm margins and allowing the energy, nitrogen,
phosphorus and micronutrients to be utilized independent of each
other.

Technology Platform

A Bion system is comprised of several process units combined in a
'process train', much like a municipal wastewater treatment plant.
The platform utilizes a combination of mechanical, biological, and
thermal processes and can be configured in a variety of ways, based
on the needs and economics of the location, to provide the level of
environmental treatment required, while separating and aggregating
the various components of the waste stream for processing.  A key
attribute of the Bion platform is that the performance of the
system can be measured, quantified and verified through a
proprietary data collection system, providing a level of oversight
and verification on par with a municipal wastewater treatment
plant.

Bion's 2G treatment solutions are scalable, proven in commercial
operations and have been accepted by EPA, USDA and other regulatory
agencies.  Bion's 2G core processes are protected by seven U.S.
patents and six international patents, with applications pending in
the EU, New Zealand, Mexico, Brazil, Argentina and Australia.
There is no other known cost-effective technology that provides
Bion's 2G system's level of treatment of wet livestock waste:
dairy, beef and swine.  Revenues from Bion's 2G platform are 90
percent dependent on developing nutrient trading markets (See
Nutrient Reductions below).

Bion's 3G technology platform was developed over the past three
years to maximize byproduct values from large scale facilities (or
multiple facilities).  The 3G system produces a natural
nitrogen-rich fertilizer that Bion believes will qualify for
certification for use in organic production.  Further, the
technology platform recovers methane that can be conditioned to
pipeline quality and will qualify for various credits and subsidies
as a clean renewable compressed natural gas.  At this time, two
U.S. patents, filed in 2014 and 2015, are pending on the 3G
platform.

The Business

Bion’s advanced 3G technology platform will provide comprehensive
onsite waste treatment and byproduct refining capabilities at very
large-scale production facilities.  The platform recovers renewable
energy and nitrogen that is processed into a high-value natural
nitrogen fertilizer product, while simultaneously offering
cost-effective solutions to several pressing environmental and
public health issues.

Bion's 3G business model is based on the sale of financial
products, including nutrient reductions, carbon and other
environmental credits; byproducts, including a natural concentrated
nitrogen fertilizer and other fertilizer/soil amendment products;
and renewable natural gas (RNG) and related environmental credits.
Based on pilot study results related to the 3G technology platform
(and assuming such pilot results are achievable at commercial
scale), Bion's management currently estimates that in a
commercial-scale Bion project (such as the Kreider poultry waste
treatment facilities) that:

1. sales of verified nutrient reductions will represent
approximately 30-40% of Bion's projected revenue stream when formal
competitive bidding markets evolve.

2. sales of byproducts, which will require building distribution
with industry partners, regulatory certifications (including
organic certification), field trials and market acceptance, will
represent approximately 30-35% of the total revenue stream.
Projected byproduct pricing is based on existing market pricing for
similar products.

3. renewable energy and related RE credits will represent
approximately 30-35% of the projected revenue stream, based upon
current market prices.

Assuming that Bion can accomplish the tasks above, Bion projects
that any two of the above revenue categories will be sufficient to
generate a minimum 30% EBITDA, based upon current estimated CAPEX
and OPEX costs (with a much higher return if all three revenue
streams can be realized by a particular project).  There are many
risks associated with these projections, but Bion's management is
cautiously optimistic that most of the challenges will be met
during the next twelve months.

Ammonium Bicarbonate  Bion filed a new patent application in
September 2015 for a process that recovers a natural nitrogen
fertilizer product without the use of chemical additives.  Bion is
preparing a filing with the Organic Materials Review Institute
(OMRI) for certification for use in organic production.

The fertilizer will contain 12 to 15 percent nitrogen in a solid
crystalline form that is water soluble and provides
readily-available nitrogen.  It will contain none of the
phosphorus, salt, iron and other mineral constituents of the
livestock waste stream, and will be in an industry-standard form
that can be precision-applied to crops using existing equipment.
Successful OMRI approval for the product's use in organic crop
production will provide Bion with access to a higher value market
for the product than the synthetic nitrogen markets.

Renewable Energy/Credits Bion's 3G platform utilizes anaerobic
digestion (AD) to recover methane from the volatile solids in the
waste stream.  At sufficient scale, methane can be cost-effectively
conditioned and injected into existing pipelines, resulting in a
renewable compressed natural gas. Federal programs to support
renewable energy production include a 30 percent Biogas Investment
Tax Credit (ITC) for qualifying biogas technologies and the
Renewable Fuel Standard program that provides ongoing renewable
energy credits for the production and use of renewable
transportation fuels.

Livestock waste is one of the largest contributors of methane and
nitrous oxide emissions, two of the most potent greenhouse gases.
Under California’s carbon cap-and-trade program, eligible credits
can be purchased from dairy farms in the U.S. that utilize AD. Bion
will file an application to include poultry layer manure, such as
will be processed at Bion's Kreider Farms' poultry waste treatment
facility, as an eligible feedstock.

Sustainable Branding  In Dec 2015, Bion submitted its branding
application to the USDA Agricultural Marketing Services’ Process
Verified Program (PVP) to certify a number of verifiable
environmental and public health benefits associated with the
application of Bion's technology to livestock production
facilities.  The initial application includes reductions in both
nitrogen and carbon footprint, as well as pathogens. Licensing
Bion’s brand will allow producers that utilize Bion's technology
to differentiate themselves to consumers who are becoming
increasingly more sustainability- and safety-conscious in their
food choices.

Nutrient Reductions  Public expenditures on clean water from
federal, state and local ratepayers are rising rapidly while
overall water quality continues to decline. Harmful algal blooms
that block sunlight and lead to 'dead zones' are the new normal in
the Chesapeake Bay, Great Lakes, Gulf of Mexico and many other U.S.
waters.  Toxic algal blooms, like the 2014 Lake Erie bloom that
shut down Toledo, Ohio's water supply for several days, occur with
increasing frequency.  High nitrate levels in water wells located
near livestock production are also increasing.  Livestock waste has
been acknowledged as one of the largest sources of excess
nutrients.

A task force of EPA and state officials described excess nutrients
as having the potential to become "one of the costliest, most
difficult environmental problems we face in the 21st century."  In
2010 US EPA established the Chesapeake Bay regulations that require
substantial reductions in nutrients and sediment from the six Bay
states and Washington, DC.  This is the first watershed-wide,
multi-state regulation of U.S. water quality.  Compliance cost
estimates vary widely, from $30 to $50 billion.  Bion's technology
will capture most of the nutrients from a livestock production
facility, providing large-scale nutrient reductions at a fraction
of the cost of traditional agricultural or downstream treatment.

US EPA and USDA support a market-driven strategy that will engage
the private sector to provide innovative solutions to reduce costs.
Nutrient reduction credit trading and/or procurement programs are
being evaluated and proposed in many states.  They would allow
verified reductions from unregulated sources, such as agriculture,
to be used to offset federal requirements, in lieu of dramatically
higher-cost infrastructure projects, such as municipal wastewater
and stormwater treatment.  Reductions from manure control
technologies can be verified and achieved at substantially less
cost than traditional infrastructure solutions. Cleaning livestock
waste at its source also provides many benefits to the local
environment and community that cannot be achieved with downstream
treatment.

On a national level, Bion's approach has emerged as a model for the
Public-Private Partnerships the EPA envisions for private-sector
solutions to this problem.  In the EPA's inaugural national water
quality trading workshop, Bion was the ONLY representative of
private-sector solutions on the panel.  EPA has made it clear that
many of the policies and strategies being developed for the
Chesapeake Bay will become a model for other nutrient-impaired
watersheds in the U.S., including the Great Lakes and Mississippi
River basins.

While the answer seems straightforward -- reallocate some portion
of our existing spending to more cost-effective solutions -- change
has been a complex and slow process, involving many layers of
federal, state and local agencies and policies.  The clean water
space is dominated by government agencies and NGOs, many that have
a strong cultural bias against private sector solutions. Further,
there are many vested (and deeply invested) stakeholders,
particularly at the state and local levels where spending decisions
are made, which benefit from the status quo.  Most of these
entrenched interests strongly oppose change that might reduce their
share of funding, despite clear evidence of better and cheaper
solutions.

Bion believes it is inevitable that a new cost-effective strategy
that provides transparency and account-ability and utilizes all the
watershed management tools available, will be adopted in states,
regionally on a watershed basis, and nationwide.  Bion further
believes that in the Chesapeake Bay, where these costs are now real
and large, change will come soon.  The cost differentials between
legacy solutions and alternatives, as outlined in multiple
independent studies, are too great for current policies to
continue.  Bion was recently joined by national livestock interests
in support of a competitive bidding program that will fund low-cost
solutions and allow Bion to monetize its systems' nutrient
reductions.

Pennsylvania is now in default by a wide margin of its Chesapeake
Bay mandates and is facing high-cost sanctions from US EPA.  A 2013
report from the State's bipartisan Legislative Budget and Finance
Committee estimated 80 percent savings ($1.5B annually) in Bay
compliance costs if a competitive bidding program were implemented
to acquire verified nutrient reductions from alternative sources
like Bion. Legislation has been introduced in the PA Senate to
implement the recommendations of the LBFC study.

Maryland’s Chesapeake Bay Restoration Financing Strategy Final
Report, prepared in 2015 by the Environmental Finance Center (EFC)
at the University of Maryland, concludes that a more efficient,
market-based approach to financing the state's compliance with
EPA-mandated pollution reductions will reduce costs and accelerate
implementation. The report goes on to state, "it is essential that
financing and funding decisions be made based on efficiency and
effectiveness of projects rather than political outcomes and
motivations".

Bion conservatively estimates the market for nutrient reductions in
the U.S. alone at $8 to $10 billion annually.  At this time, Bion's
2G platform is the only technology that the Company is aware of
that is approved to generate verified credits (that can be used to
offset federal mandates) from wet livestock waste by any state
program overseen by EPA.  Although the economics will vary widely
with livestock type, scale and location, livestock waste is the
largest source of unregulated nutrients in most states.

Ancillary Benefits

Pathogen Reductions  Raw livestock manure contains a tremendous
amount of harmful pathogens, including E Coli, Salmonella,
Listeria, Cryptosporidium, Campylobacter and MRSA, among others.
There is a strong correlation between antibiotic usage in livestock
and growing antibiotic resistance of pathogens. Thousands of deaths
and millions of cases of foodborne illness occur annually in the
U.S. from contamination of food by manure used to fertilize crops.
Further, recent studies demonstrate that land application of swine
manure leads to increased levels of MRSA in residents that live
adjacent to the fields.

Bion's technology platform provides almost total destruction of
pathogens in both residual solids and wastewater effluent from the
system.  Additionally, the frequent removal of waste needed for
processing in a Bion system results in cleaner living conditions
and reduces the need for non-therapeutic antibiotics that have been
linked to growing bacterial resistance.

Other Substantial Benefits The value of treating livestock waste at
its source to local communities and their economies includes
reduced compliance costs for local and downstream clean water
mandates, future cost avoidance of treating drinking water from
contaminated aquifers, odor reduction, higher property values,
increased economic activity for agriculture, tourism and
recreation, and improved public health and quality of life.
Further, the treatment of livestock waste at its source can
mitigate ammonia emissions that result in atmospheric deposition of
nitrogen everywhere. The livestock operator benefits from improved
margins from a share of byproduct sales, reduced manure-handling
costs, sustainable branding opportunities, avoidance of almost
certain future regulation, and the potential for growth.

Kreider Farms Projects

Dairy The 2G system at the Kreider Farms dairy was built in 2010/11
to treat the waste from 1,200 cows located in Lancaster County, PA.
It was permitted as a demonstration project and financed by the
Pennsylvania Infrastructure Investment Authority (Pennvest).  In
mid-2012, the system's nutrient reductions were verified and it was
issued a full water quality permit -- the first ever for a
livestock facility in the U.S.

Bion has not made payments on the Pennvest loan, which is currently
in default, because Pennsylvania has not yet developed the market
anticipated to purchase the nutrient credits.  Under the terms of
the loan, because the system met a guaranteed level of performance,
the loan became non-recourse to Bion.  Bion currently maintains
minimum system operations at the Kreider Dairy.  At such time as a
market for the credits is developed, allowing Bion to generate the
revenues from credit sales needed to service the debt, the Company
expects to settle with Pennvest and resume full operations to
provide Pennsylvania taxpayers with the low-cost credits Pennvest
funded the project to produce.

Poultry  Bion expects to begin development of the first
commercial-scale installation of its 3G platform in 2016.  The
project is anticipated to initially process manure from Kreider's 5
million layer hens that are housed in multiple facilities in
Lancaster County, PA.  The project will be developed with a
capacity of 10 million birds to accommodate Kreider's proposed
expansion, which will be made possible by treating the waste
instead of its disposal by land application.  A central processing
facility is planned that will serve Kreider's operations and
potentially other producers that are located in the surrounding
area.

The project is expected to initially reduce more than 5M pounds of
nitrogen to local waters annually.  This includes 1M pounds of
verified Chesapeake Bay nitrogen credits that Bion could sell upon
the establishment of a credit trading market.  These numbers would
be substantially higher if Pennsylvania were to adopt current EPA
models used to calculate credits.  Further, at full capacity, the
platform is expected to generate annual revenues in excess of $25M,
just from the sale of ammonium bicarbonate and renewable
energy/credits.  A detailed description and projections for the
Kreider poultry project are available under non-disclosure
agreement.

Paradigm Shift with Multiple Drivers

- Over a billion pounds of nutrients need to be reduced in the
Mississippi River Basin, Great Lakes and Chesapeake Bay watersheds
alone. Looming costs of hundreds of billions of dollars are forcing
changes to our clean water strategy. It is already happening:
policies are evolving to encourage private-sector solutions and
address unregulated sources like livestock. While predictably
opposed by entrenched interests, the science and the economics are
clear: manure control technologies represent the most
cost-effective source of large-scale verified nutrient reductions
in most of our largest watersheds.  Bion believes their adoption is
inevitable.

- The livestock industry has struggled for the last decade to deal
with rising fuel costs and climate change (leading to drought) that
have exposed critical weaknesses in its supply chain. For the most
part, the industry has been unable to relocate or consolidate to
mitigate these effects due to its environmental impacts.  As a
result, margins across the supply chain have fallen dramatically.
With no manure to spread, the acreage required to support livestock
production is dramatically reduced. Bion provides the opportunity
to locate operations more strategically or to expand operations at
an existing location without having to acquire additional land.

- Food safety and environmental sustainability are issues of
growing worldwide importance. Wal-Mart, Costco, McDonalds and a
host of other distributors of meat and dairy products are
increasingly specifying sustainable production practices to satisfy
growing customer demand.  Bion's platform allows greater control
over inputs, improved traceability and accountability, and the
cleanest, most efficient production practices possible.  These
improvements can be verified and communicated to the consumer,
forming the basis for a sustainable brand.

- The livestock industry recognizes it is in the regulatory
'crosshairs'.  There is a growing understanding that if voluntary
measures to reduce nutrients from livestock fail, increased
regulation of CAFOs will happen sooner rather than later. National
Milk Producers Federation, Land O'Lakes, JBS (the largest beef/pork
producer in the world), and other national livestock interests
recently joined Bion in support of a market-driven strategy.  Such
a strategy would deliver billions of dollars in savings to the
taxpayer while giving the industry access to public money to help
offset technology adoption costs.  Bion believes the importance of
this industry support cannot be overemphasized.

Over the past 25 years, Bion has developed groundbreaking
technology and pioneered the change of deeply-embedded policies,
paving the way for transformation for both the livestock industry
and the environment.  The Kreider project has successfully
demonstrated that Bion's livestock waste treatment solutions can
resolve several major environmental concerns related to livestock
production and improve farm economics, all while saving taxpayers
billions of dollars in water treatment costs.

The livestock industry and the environment are inextricably linked.
The U.S. livestock industry must reduce its footprint and
simultaneously improve its efficiencies if it is to remain
environmentally and economically sustainable in the modern world.
Bion addresses both of these inescapable challenges that will
require significant investment over the coming years.

Addendum

Bion's efforts over the last 5 years have been focused primarily on
producing and monetizing nutrient reductions using its 2nd
generation (2G) technology platform.  Based on successful R&D
related to Bion's 3rd generation (3G) technology platform, Bion is
moving beyond simply remediating nutrient releases and other
pollution to engage two additional pressing issues confronting the
livestock industry and its customers:

- The industry's operational and resource efficiencies and their
impact on overall supply-chain economics

- Consumer concerns related to sustainability of production
practices, as well as food safety and traceability

Bion's third generation technology platform is unique in its
ability to provide meaningful improvements to production economics,
while simultaneously mitigating several environmental and public
health issues.  Moreover, the improvements in environmental
sustainability and food safety/traceability can be verified and
communicated to the consumer, giving the industry an opportunity to
respond to much of the negative publicity it has received recently
regarding excess nutrients, greenhouse gases and pathogens that
have been linked to foodborne illnesses and antibiotic resistance.

Bion's 3G technology platform improves economics through production
of marketable physical products, including renewable energy,
ammonium bicarbonate and soil fertilizer products, and financial
products/ commodities, such as renewable energy, carbon and
nutrient credits.

Today, robust markets exist for renewable energy (RE), as well as
RE and carbon credits (that can be used on the West Coast). Markets
for nutrient reductions/ credits remain limited until the
government adopts policies to re-allocate a portion of taxpayer
funding from high-cost government programs to competitive bidding
programs that will enable the private sector to compete for
taxpayer funds.  The performance of higher-cost traditional
solutions has been recently discredited by EPA and other government
agency studies, which is a strong driver for change, as is the
failure of states to meet their mandated nutrient reduction
targets.

Bion believes that some form of competitive bidding will be enacted
this calendar year in Pennsylvania. Once one state adopts a
competitive bidding program that demonstrates large-scale low-cost
nutrient reductions, Bion believes that such programs will be
emulated nationally by other states with the same issues.

Currently Bion projects three roughly equal revenue streams for
large-scale projects utilizing its 3G technology platform (each
will generate revenues somewhere between 30-40% of total project
revenues) which are as follows:

- Renewable energy, along with associated RE and carbon credits,
represents a robust market that can be exploited today. Based upon
system performance results for Bion to date, combined with vendor
forecasts, at current market prices for natural gas and related
credits, Bion projects that each 1M egg-laying chickens (the
equivalent, based on waste stream load, of approximately 2,850
dairy cows or 4,000 beef cattle) will produce RE-related revenue of
approximately $1.3M.

- Bion anticipates filing this summer for organic certification for
both the ammonium bicarbonate, as well as the residual solids,
produced from its 3G technology.  Bion's revenue forecast for the
physical byproducts is based on the current market prices of
comparable organic products.

- Bion continues to expect that verified nitrogen reduction credits
to estuaries such as the Chesapeake Bay will be marketable at
$8/pound/year (or higher) through competitive bidding programs
which Bion believes will be in place over the next 12 months in
Pennsylvania.  Bion currently projects that each 1M egg layers (or
their equivalents) whose waste it treats will yield in the range of
150K-175K/pounds/year of marketable nutrient reductions (credits)
in Pennsylvania, once regulatory reviews are completed.         

Bion has not projected revenue streams from licensing of its
sustainable brand at this time, but believes it will have
substantial value to the supply chain that is marketing to the
consumer.

Bion has filed its application with the USDA for an
environmentally-sustainable 'point of purchase' brand that can be
applied to product packaging.  The brand is based upon third-party
verification of the sustainability claims made on the package,
which will initially encompass reductions in carbon and nutrient
footprint, as well as substantial reductions of pathogens in the
wastewater effluent.  These claims could form the basis for a
national media/ad campaign focused on differentiating a national
supplier from its competitors by polishing its environmental and
social image.  Bion is working with USDA towards securing approval
for the brand.  Further, Bion's systems also improve the
environment in which these animals are raised, which can provide
the basis for statements related to both food safety and animal
welfare.

Driven by growing consumer demand, large food retailers such as
Walmart and Costco, and restaurant chains including Chipotle and
McDonalds, are increasingly demanding greater responsibility and
improved sustainability in food production practices from their
suppliers.  Chipotle has experienced a steep drop in sales as
fallout from several occurrences of contaminated food that received
national attention.

The Global Roundtable for Sustainable Beef was developed to advance
a sustainable global beef value chain that is "environmentally
sound, socially responsible and economically viable".  The
Roundtable represents members from across the supply chain,
including U.S., Canadian and Australian cattlemen's associations,
Cargill, JBS, Elanco, McDonalds and A&W.

Bion's branding initiative and the performance of its comprehensive
treatment technology is underscored by trends already underway in
the livestock industry.  Consumers are increasingly demanding
environmentally-friendly and -sustainable products.  Bion's 3G
platform takes sustainability/traceability well beyond 'Organic'
or, more recently, 'No GMO' and ‘No Antibiotics' claims to
include meaningful remediation of air and water pollution and its
resultant impact on public health and our environment.

                   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.

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.

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.


BRAHMIN MERCHANDISING: Hires Lefkovitz as Attorney
--------------------------------------------------
Brahmin Merchandising, Inc., asks for authorization from the U.S.
Bankruptcy Court for the Middle District of Tennessee to employ
Steven L. Lefkovitz, Esq., and the law firm Lefkovitz & Lefkovitz
as the attorney for the Debtor.

Objections to the request must be filed by June 17, 2016.  A
hearing on the request is scheduled for July 14, 2016, at 9:30
a.m.

The Counsel will:

      a. advise the Debtor as to his rights, duties and powers as
         debtor-in-possession;

      b. prepare and filed the statements, schedules, plan and
         other documents and pleadings necessary to be filed by
         the Debtor in this proceeding;

      c. represent the Debtor at all hearings, meetings of
         creditors, conferences, trials and any other proceedings
         in this case; and

      d. perform other legal services as may be necessary in
         connection with the case.

The Counsel will be paid at these hourly rates:

         Steven L. Lefkovitz, Esq.         $485
         Associate Attorneys               $350
         Paralegals                        $125

The Counsel has received an initial retainer fee in this proceeding
in the amount of $5,000, the source of which is from the personal
assets of Robert B. Akard, Jr., president of the Debtor.

The Counsel can be reached at:

      Steven L. Lefkovitz, Esq.
      Lefkovitz & Lefkovitz
      618 Church Street, No. 410
      Nashville, TN 37219
      Tel: (615) 256-8300
      Fax: (615) 255-4516
      E-mail: slefkovitz@lefkovitz.com

Brahmin Merchandising, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Tenn. Case No. 16-03746) on May 24, 2016.
Steven L. Lefkovitz, Esq., at the Law Offices Lefkovitz & Lefkovitz
serves as as the Ddebtor's bankruptcy counsel.


BSD 1 LLC: Hires Rosenberg Musso as Counsel
-------------------------------------------
BSD 1 LLC, seeks authority from the U.S. Bankruptcy Court for the
Eastern District of New York to employ Rosenberg Musso & Weiner,
LLP as counsel to the Debtor.

BSD 1 LLC requires Rosenberg Musso to:

   (a) give the Debtor legal advice with respect to its powers and

       duties as debtor-in-possession in the continued operation
       of its business and management of its property;

   (b) prepare on behalf of applicant as debtor-in-possession
       necessary petitions, pleadings, orders, reports and other
       legal papers;

   (c) perform all other legal services for applicant as debtor-
       in-possession which may be necessary and appropriate in
       the conduct of this case.

Rosenberg Musso will be paid at these hourly rates:

     Partner           $625
     Associates        $500

Rosenberg Musso will be paid a retainer fee in the amount of
$12,000.

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

Robert J. Musso, member of Rosenberg Musso & Weiner, LLP, assured
the Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

Rosenberg Musso can be reached at:

     Robert J. Musso, Esq.
     ROSENBERG MUSSO & WEINER, LLP
     26 Court Street, Suite 2211
     Brooklyn, NY 11242
     Tel: (718) 855-6840
     Fax: (718) 625-1966

                       About BSD 1 LLC

BSD 1 LLC, filed for Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 16-42049) on May 11, 2016. The petition was
signed by Chaim Goldberger, president. The Hon. Nancy Hershey Lord
presides over the case.

The Debtor estimated assets of $1 million to $10 million and
estimated liabilities of $1 million to $10 million.


C&J ENERGY: Lenders Forbear Default Remedies Through June 30
------------------------------------------------------------
C&J Energy Services Ltd. disclosed in a regulatory filing with the
U.S. Securities and Exchange Commission that on May 31, 2016, it
obtained and entered into a Forbearance Agreement with certain of
the lenders party to that certain Credit Agreement, dated as of
March 24, 2015 (as amended or otherwise modified on or prior to the
date hereof, the "Credit Agreement"), with Bank of America, N.A.,
as administrative agent (the "Administrative Agent") and the
lenders party thereto.

Pursuant to the Forbearance Agreement, the Administrative Agent and
the lenders party thereto have agreed to forbear from exercising
default remedies or accelerating any indebtedness through June 30,
2016 in respect of C&J's failure to satisfy the minimum cumulative
consolidated EBITDA covenant set forth in the Credit Agreement as
of March 31, 2016 and any non-payment by C&J of the interest,
commitment fees and/or letter of credit fees due to the lenders
thereunder.  As long as the Forbearance Agreement is in effect, C&J
and its subsidiaries will be required to comply generally with
various provisions of the Credit Agreement which apply during an
event of default.

C&J is actively negotiating with the lenders to address the
Covenant Violation and the Payment Defaults, including with respect
to alternatives to its current capital structure. C&J is also
exploring available financing and restructuring options. If the
Forbearance Agreement is not extended beyond June 30, 2016, the
lenders could take certain actions following that date, including
terminating the revolving commitments, declaring the unpaid
principal amount of outstanding loans immediately due and payable,
and requiring letters of credit to be cash collateralized.

                    *     *     *

The Troubled Company Reporter, on April 19, 2016, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based oilfield services provider C&J Energy
Services Ltd. to 'CCC-' from 'B-'.  The outlook is negative.

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

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


C&J ENERGY: Receives Delisting Notice from NYSE
-----------------------------------------------
C&J Energy Services Ltd disclosed in a regulatory filing with the
U.S. Securities and Exchange Commission that on June 2, 2016,
received written notice from the New York Stock Exchange that the
Company does not presently satisfy the NYSE’s continued listing
standard requiring the average closing price of the Company's
common shares to be at least $1.00 per share over a 30 trading-day
period.  As noted in the NYSE Notice, as of May 26, 2016, the
average closing price of the Company's common shares over the
preceding 30 trading-day period was $0.97 per share.

Under the NYSE rules, C&J has a period of six months (subject to
possible extension) from the date of the NYSE Notice to regain
compliance with the minimum share price criteria by bringing its
share price and 30 trading-day average share price above $1.00.
During this six-month cure period, the Company's common shares will
continue to be listed and traded on the NYSE, subject to the
Company's compliance with other NYSE continued listing
requirements. The Company can regain compliance at any time during
the six-month cure period if the Company's common shares have a
closing price of at least $1.00 per common unit on the last trading
day of any calendar month during the cure period and an average
closing price of at least $1.00 per common unit over the 30-trading
day period ending on the last trading day of that month.

As required by the NYSE, C&J will notify the NYSE within 10
business days of receipt of the NYSE Notice of its intent to cure
this deficiency. The Company is considering all available options
to regain compliance during this six-month period. Under the NYSE
rules, the Company's common shares will continue to be listed and
traded on the NYSE during this six-month cure period, subject to
the Company's compliance with other continued listing requirements,
under the symbol "CJES."

The current noncompliance with the NYSE listing standard does not
affect the Company's ongoing business operations or its U.S.
Securities and Exchange Commission reporting requirements, nor does
it cause an event of default under the Company's credit
facilities.

                    *     *     *

The Troubled Company Reporter, on April 19, 2016, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Houston-based oilfield services provider C&J Energy
Services Ltd. to 'CCC-' from 'B-'.  The outlook is negative.

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

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


CHAIS ENTERPRISES: Hires GGG/Adjusters as Public Adjuster
---------------------------------------------------------
Chais Enterprises, LLC, seeks authority from the U.S. Bankruptcy
Court for the Middle District of Tennessee to employ Keith Hayman
of GGG/Adjusters International as public adjuster to the Debtor.

Chais Enterprises requires Mr. Hayman of GGG/Adjusters to measure,
quantify, and negotiate the scope of damage to the Debtor's
building, personal property, and business interruption in the first
party insurance claim.

Mr. Hayman of GGG/Adjusters will be paid for a service fee of 10%
of the recovery, net deductible upon receipt of insurance
proceeds.

Mr. Hayman of GGG/Adjusters will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Keith Hayman of GGG/Adjusters International 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.

GGG/Adjusters can be reached at:

     Keith Hayman
     GGG/ADJUSTERS INTERNATIONAL
     275 Madison Avenue, Suite 2218
     New York, NY 10016
     Tel: (212) 321-3100
     Fax: (212) 490-8555

                       About Chais Enterprises

Chais Enterprises, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Tenn. Case No. 16-01741) on March 11, 2016. The
petition was signed by Joseph Alan Peters Sr., managing member.

The Debtor estimated assets of $500,001 to $1 million and estimated
debts of $100,001 to $500,000.

The Debtor has hired David Foster Cannon, Esq., of the law office
of David F. Cannon.


CHICORA LIFE CENTER: Taps K&L Gates as Special Counsel
------------------------------------------------------
Chicora Life Center, LC seeks approval from the U.S. Bankruptcy
Court for the District of South Carolina to hire K&L Gates LLP as
its special counsel to represent the Debtor in a lawsuit it intends
to file against Charleston County for terminating its lease on the
Debtor's property in South Carolina.  

The termination, together with the foreclosure proceeding commenced
by secured lender UCF I Trust 1, allegedly prevented the Debtor
from leasing the property and funding its operations, according to
court filings.

Richard Farrier, Jr. and Jennifer Thiem will be paid $575 per hour
and $435 per hour, respectively, for their services.  They will be
assisted by other professionals of the firm if needed.

Mr. Farrier disclosed in a court filing that the firm is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

K&L Gates can be reached through:

     Richard A. Farrier, Jr.
     K&L Gates LLP
     134 Meeting Street, Suite 500
     P. O. Box 22092 (29413-2092)
     Charleston, SC 29401
     Telephone: 843.579.5600
     Facsimile: 843.579.5601
     E-mail: richard.farrier@klgates.com

The Debtor can be reached through its counsel:

     G. William McCarthy, Jr., Esq.
     McCarthy Law Firm, LLC
     1517 Laurel Street (29201)
     PO Box 11332
     Columbia, SC 29211-1332
     Tel: (803) 771-8836
     Fax: 803-753-6960
     Email: bmccarthy@mccarthy-lawfirm.com

                    About Chicora Life Center

Chicora Life Center, LC sought protection under Chapter 11 of the
Bankruptcy Code in the District of South Carolina (Charleston)
(Case No. 16-02447) on May 16, 2016.  

The petition was signed by Jeremy K. Blackburn, property manager.
The Debtor is represented by G. William McCarthy, Jr., Esq., at
McCarthy Law Firm, LLC.

The Debtor disclosed total assets of $48.3 million and total debts
of $22.09 million.


CHRISTOPHER COLLINS: Directed to File Plan, Disclosures by Aug. 15
------------------------------------------------------------------
Judge K. Rodney May of the U.S. Bankruptcy Court for the Middle
District of Florida, Tampa Division, directed Christopher R.
Collins to file a plan of reorganization and disclosure statement
on or before August 15, 2016.

The case came on for status conference on May 26, 2016.  At the
Status Conference, the Court reviewed the nature and size of the
Debtor's business, the overall status of the case and considered
the respective positions of the parties represented at the Status
Conference.  Based on that review, the Court has determined that it
is appropriate in this case to implement procedures governing the
filing of a plan of reorganization and disclosure statement to
ensure that this case is handled expeditiously and economically.

The bankruptcy case is In re: Christopher R. Collins, Case No.
8-15-bk-10581-KRM (Bankr. M.D. Fla.).


CIT GROUP: Moody's Raises Senior Unsecured Rating to Ba3
--------------------------------------------------------
Moody's Investors Service upgraded the senior unsecured rating of
CIT Group Inc. to Ba3 from B1. Moody's also assigned a Baa3
long-term deposit rating, a Prime-3 short-term deposit rating, a
Ba3 Issuer rating, and a ba2 baseline credit assessment (BCA) and
adjusted BCA to CIT Bank, N.A. The outlook for the ratings is
stable.

RATINGS RATIONALE

Moody's ratings of CIT Bank and upgrade of parent CIT Group are
based on CIT's progress improving its funding profile, divesting
non-core businesses, and integrating the operations of OneWest
Bank, acquired in 2015. The ratings also incorporate the company's
operating strategy, which it recently more fully disclosed, and the
credit-enhancing steps the company is taking to meet the increased
regulatory requirements for banks with assets in excess of $50
billion. Credit challenges include execution risks associated with
further business model and funding transitions, as well as expense
and credit management in light of competitive pressure on asset
yields.

CIT has progressively transitioned its funding composition,
reducing its exposure to confidence-sensitive market sources in
favor of more stable deposit funding. Deposits at March 31, 2016
totaled $32.9 billion, accounting for 65% of the company's funding;
the company acquired about $15 billion of deposits from its
acquisition of OneWest Bank in August 2015. CIT's increased deposit
funding has lowered its funding costs by nearly 70 basis points,
helping to shore up the company's margins against heightened
competitive pressure on asset yields.

However, CIT's bank deposits remain materially higher cost than the
peer average, and include a high proportion of rate-sensitive
online and brokered certificates of deposit and branch-based time
deposits, which could be less stable in the event of a change in
interest rates or increase in competitive pressures compared to the
core, low-cost demand deposits that make up the majority of funding
for most regional banks.

By surpassing $50 billion in total assets, CIT became subject to
more stringent regulatory capital requirements, is required to
develop a living will, and must participate in the Comprehensive
Capital Analysis and Review (CCAR) process, which Moody's expects
will strengthen the company's risk management and capital planning
discipline. CIT continues to invest in its reporting capabilities
and will draw on its Dodd Frank Act Stress Test (DFAST) experience
to manage the stress-testing transition.

Moody's expects that CIT's earning assets will likely continue to
have a higher risk profile than other banks, given the company's
finance company heritage. CIT's exit from non-core operations,
including its intention to sell or spin off its commercial aircraft
leasing business, provides a basis for reducing asset performance
risks and reducing operating expenses. However, certain of CIT's
newest high-growth business lines, such as commercial real estate
and maritime finance, have yet to fully season. Over time, Moody's
expects that CIT will grow its banking products and services to
diversify its revenues from finance company sources.

CIT Bank's long-term deposit rating is two-notches higher than its
adjusted BCA, reflecting the liability structure of the bank,
comprised primarily of deposits, and Moody's application of its
Advanced Loss Given Failure framework. The senior unsecured rating
of CIT Group, a holding company, is one-notch lower than CIT Bank's
adjusted BCA, reflecting structural subordination.

The stable rating outlook reflects the expected positive effects on
the company's performance of its lower cost funding profile and
expense management efforts, given competitive pressures on asset
yields. Over the near-term, Moody's also expects good asset quality
performance and adequate capital levels, considering the company's
business composition. Execution presents risks to CIT's continued
transformation, but the company's liquidity and capital positions
provide reasonable cushion for unanticipated expenses.

CIT's ratings could be upgraded if the company continues to reduce
asset risks, for example through the sale of non-core businesses
including aircraft leasing, further increases the proportion of
deposit funding and strengthens deposit quality, and improves
prospects for better profitability by reducing operating costs,
while maintaining CET1 capital of more than 10%.

CIT's ratings could be downgraded if the company's asset quality,
business volumes or operating results weaken, undermining long-term
competitiveness and credit strength.

Ratings affected by the action include:

CIT Group, Inc.:

Outlook: stable

Senior Unsecured notes: to Ba3 from B1

Senior Unsecured bank credit facility: to Ba3 from B1

Subordinate shelf: to (P)Ba3 from (P)B2

Preferred shelf: to (P)B1 from (P)B3

Preferred shelf non-cum: to (P)B2 from (P)Caa1

CIT Bank, N.A.:

Outlook: stable assigned

Long-term deposit: Baa3 assigned

Issuer: Ba3 assigned

Short-term deposit: Prime-3 assigned

Baseline Credit Assessment: ba2 assigned

Adjusted Baseline Credit Assessment: ba2 assigned

Long-term Counterparty Risk Assessment: Ba1(cr) assigned

Short-term Counterparty Risk Assessment: Not-Prime(cr) assigned

CIT Group Inc. is a bank holding company primarily focused on
serving the small business and middle market sectors with
headquarters in New York City and Livingston, New Jersey. The
company had total assets of $67.1 billion at March 31, 2016.


CLAIRE'S STORES: Apollo Said to Buy Bonds as Interest Payment Looms
-------------------------------------------------------------------
Jodi Xu Klein and Lauren Coleman-Lochner, writing for Bloomberg
Brief, reported that Claire's Stores owner Apollo Global Management
is buying up the retailer's bonds due next year, according to
people with knowledge of the matter.

According to the report, Apollo, which together with Claire's
already owns 90 percent of the chain's 10.5 percent 2017 bonds
after a debt exchange in May, has been seeking to purchase the
remainder of the bonds, said one of the people. After next year,
Claire's doesn't have any maturities until 2019, according to data
compiled by Bloomberg.

After the exchange deal, which allows the company to pay interest
in kind on $174.4 million of the bonds, Claire's owed about $4.5
million of interest on June 1 on about $85 million of bonds
outstanding, one of the people said, the report related.  Claire's
had just $49 million in cash on its books as of April 30, Bloomberg
data show.

The 2017 bonds changed hands at 53.55 cents on the dollar on June 2
morning in New York, the report said, citing Trace.

                       About Claire's Stores

Claire's Stores, Inc. -- http://www.clairestores.com/-- operates  
as a specialty retailer of fashion accessories and jewelry for
preteens and teenagers, as well as for young adults in North
America and internationally.  It offers jewelry products that
comprise costume jewelry, earrings, and ear piercing services; and
accessories, including fashion accessories, hair ornaments,
handbags, and novelty items.

Based in Pembroke Pines, Florida, Claire's Stores operates under
two brands: Claire's(R), which operates worldwide and Icing(R),
which operates only in North America.  As of Jan. 31, 2009,
Claire's Stores, Inc., operated 2,969 stores in North America and
Europe.  Claire's Stores also operates through its subsidiary,
Claire's Nippon, Co., Ltd., 213 stores in Japan as a 50:50 joint
venture with AEON, Co., Ltd.  The Company also franchises 198
stores in the Middle East, Turkey, Russia, South Africa, Poland
and Guatemala.

                           *     *     *

The TCR reported on April 11, 2016, that Moody's Investors Service
downgraded Claire's Stores, Inc. Corporate Family Rating (CFR) and
Probability of Default Rating to Caa3 and Caa3-PD, respectively.
"[The] downgrades reflect our view that there is an acute
likelihood of a debt restructuring ahead of the June 2017 maturity
of Claire's subordinated notes due to continuing erosion of
liquidity and weak operating performance," stated Moody's Vice
President Charlie O'Shea.

As reported by the TCR on May 20, 2016, S&P Global Ratings raised
its corporate credit rating on Florida-based Claire's Stores Inc.
to 'CCC-' from 'SD'.  The outlook is negative.



CLIFFS NATURAL: Has 10 Years Supply Agreement with ArcelorMittal
----------------------------------------------------------------
ArcelorMittal USA LLC, as the parent company to Ispat Inland Inc.,
ArcelorMittal Cleveland Inc. and ArcelorMittal Indiana Harbor LLC,
and Cliffs Natural Resources Inc., The Cleveland-Cliffs Iron
Company and Cliffs Mining Company entered into a new long-term
commercial agreement with ArcelorMittal USA LLC, pursuant to which
Cliffs agreed to supply iron ore pellets to ArcelorMittal for the
next ten years through 2026.  

As disclosed in a regulatory filing with the Securities and
Exchange Cmmission, the Agreement will replace two existing
agreements expiring in December 2016 and January 2017,
respectively, and fill the entirety of ArcelorMittal's pellet
purchase requirements from the previous agreements.  The Agreement
includes ArcelorMittal's total purchases of iron ore pellets from
Cliffs up to 10 million long tons and preserves Cliffs' current
position as ArcelorMittal’s major pellet supplier.  Included in
the 10 million long tons will be iron ore pellets tailor-made for
one of ArcelorMittal's facilities.  Pursuant to the Agreement,
Cliffs will continue to be the sole pellet supplier of
ArcelorMittal's Indiana Harbor West and Cleveland Works steelmaking
facilities, while maintaining the current level of pellet supply to
ArcelorMittal's Indiana Harbor East facility. Pricing for the
pellets under the Agreement will be primarily adjusted by the
pricing for hot-rolled steel in the United States, as well as other
secondary market and general inflation indices.

                  About Cliffs Natural Resources

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

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

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

As of March 31, 2016, Cliffs Natural had $1.88 billion in total
assets, $3.58 billion in total liabilities and a total deficit of
$1.69 billion.

                          *    *     *

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

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


CONDADO RESTAURANT: Taps Acosta & Ramírez as Financial Consultant
------------------------------------------------------------------
Condado Restaurant Group, Inc., and Restaurant Associates of Puerto
Rico, Inc., ask for authorization from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ Juan Acosta-Reboyras,
CPA, Esq., at the Acosta & Ramírez Law Office, LLC, as financial
consultant, nunc pro tunc to the Petition Date.

Mr. Acosta-Reboyras will assist the Debtors in their management in
the financial restructuring of their affairs by providing advice in
strategic planning and the preparation of the Debtors' monthly
operating reports, disclosure statement, and plan of
reorganization, and participating in the Debtors' negotiations with
financial institutions, lessors, and the Debtors' creditors.  Mr.
Acosta-Reboyras' duties will principally consist of strategic
counseling and advice, financial/business assistance, preparation
and review of documentation as requested for and during the
Debtor's Chapter 11 proceedings, specifically as it is related to
and has an effect upon the Debtors' successful reorganization, as
well as recommendations and financial/business assessments
regarding issues specifically related to the Debtors and other
assistance in accounting, taxes, negotiations, financing and
operational matters.

Mr. Acosta-Reboyras will be paid at these hourly rates:

      Staff                $85
      Associates          $180
      Senior Partner      $285

Mr. Acosta-Reboyras assures the Court that the Firm is a
disinterested person as defined in 11 U.S.C. Section 101(14).

Mr. Acosta-Reboyras can be reached at:

      Juan Acosta-Reboyras, CPA
      Acosta & Ramírez Law Office, LLC
      No. 151 Tetuan Street, San Jose Corner
      Old San Juan, PR 00901
      Tel: (787) 977-1687
      Fax: (787) 977-1680
      E-mail: jar@acostaramirez.com

Headquartered in San Juan, Puerto Rico, Condado Restaurant Group,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case No. 16-01329) on Feb. 24, 2016, estimating its assets and
liabilities at between $1 million and $10 million.  The petition
was signed by Dayn Smith, president.

The Debtor's bankruptcy counsel can be reached at:

                  Javier A Vega Villalba, Esq.
                  Stuart A. Weinstein-Bacal, Esq.
                  WEINSTEIN BACAL & MILLER, PSC
                  Gonzalez Padin Bldg Penthouse
                  154 Rafael Cordero
                  San Juan, PR 00901
                  E-mail: jvv@wbmvlaw.com
                          swb@wbmvlaw.com


CONSOLIDATED CONTAINER: Moody's Cuts Corp Family Rating to Caa1
---------------------------------------------------------------
Moody's Investors Service downgraded Consolidated Container Company
LLC's ("CCC") Corporate Family rating to Caa1 from B3 and
Probability of Default rating to Caa1-PD from B3-PD. Instrument
ratings are detailed below. The ratings outlook is changed to
stable from negative.

Moody's took the following actions:

Consolidated Container Company LLC:

-- Downgraded Corporate family rating to Caa1 from B3

-- Downgraded Probability of default rating to Caa1-PD from B3-PD

-- Downgraded $370 million senior secured 1st lien term loan B
    due July 2019 to B3 LGD3 from B2 LGD3

-- Downgraded $80 million senior secured 2nd lien term loan due
    January 2020 to Caa2 LGD4 from Caa1 LGD4

-- Downgraded $275 million senior unsecured notes due July 2020
    Caa3 LGD5 from Caa2 LGD5

The ratings outlook is stable.

RATINGS RATIONALE

The downgrade of the corporate family rating to Caa1 from B3
reflects credit metrics that remain below the specified rating
triggers and Moody's expectation that the company will be
challenged to improve them to a level commensurate with the B3
rating category over the next 12 months. CCC has not met projected
expectations and the company's credit metrics remain below the
rating triggers outlined in the previous credit opinion. While
credit metrics have improved and are expected to continue to do so
going forward, they have not reached a level commensurate with the
specidified rating trigger and Moody's does not expect them to
reach a level commensurate with the B3 rating category over the
next 12 months.

The Caa1 Corporate Family Rating reflects the company's
concentration of sales, significant percentage of commoditized
products and percentage of business that is not under contract. CCC
has a high concentration of sales by both product line and
customer. The rating also reflects the strong competition in the
industry and fragmented structure. The company's product line
contains a significant percentage of commoditized products.
Approximately 20% of the business (by revenue) is not under
long-term contract and subject to market forces.

The rating is supported by the company's on-going cost reduction
initiatives, long-standing relationships with certain
well-established manufacturers and significant percentage of plants
co-located on the customer's premises. Despite a small revenue
base, CCC has scale relative to many competitors. Approximately 80%
of business by sales volume is under contract with raw material
cost pass-through provisions, but other costs are not passed
through on all contracts and lags in passing through costs can be
significant.

The stable outlook reflects an expectation that credit metrics will
improve but remain within the Caa1 rating category.

The ratings could be downgraded if there is a deterioration in
credit metrics, liquidity or the operating and competitive
environment. The ratings could also be downgraded if financial
aggressiveness increases. Specifically, the ratings could be
downgraded if debt to EBITDA rises above 7.0 times, EBITDA to
interest coverage declines below 1.5 times, and/or funds from
operations to debt declines below 4%.

The ratings could be upgraded if CCC sustainably improved its
credit metrics within the context of a stable competitive and
operating environment. Specifically, the ratings could be upgraded
if debt to EBITDA declined below 6.0 times, EBITDA to interest
coverage rises above 1.9 times, and funds from operations to debt
improves remains above 6.0%.

Based in Atlanta, Georgia, Consolidated Container Company LLC is
one of the leading domestic manufacturers of rigid plastic
containers for mostly branded consumer products and beverage
companies and a supplier of recycled resin. Revenues for the twelve
months ended March 31, 2016 were $812 million which were
predominately generated domestically. The majority of the company
has been owned by sponsor Bain Capital Partners LLC since 2012.


CONSTELLATION ENTERPRISE: Hires Conway as Restructuring Manager
---------------------------------------------------------------
Constellation Enterprise LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Conway
MacKenzie Management Services, LLC to provide restructuring
management and advisory services and employ Donald S. MacKenzie as
chief restructuring officer to the Debtors.

Constellation Enterprise requires Conway to (i) provide crises
management and restructuring services to the Debtors and (ii) cause
Mr. MacKenzie, who will report to the board of directors of Debtor
Constellation Enterprises, LLC, to serve as the CRO.

Mr. Mackenzie will be assisted in his tasks by Timothy B.
Stallkamp, who will act as a restructuring manager ("RM") for the
Debtors.

The specific tasks that Conway and Mr. MacKenzie, as CRO, and Mr.
Stallkamp, as RM, will perform for the Debtors include, among other
things, the following:

   (a) perform the day to day functions customarily and
       reasonably associated with the position of CRO in
       companies of similar size and complexity to the Debtors;

   (b) assist the Debtors' senior management team in the
       financial management of the Debtors' operations;

   (c) provide oversight and assistance with the preparation of
       13 week cash flow forecasts and the evaluation of the
       Debtors' liquidity requirements;

   (d) participate in meetings intended to provide assistance to
       potential investors, advisors, buyers and any official
       committee appointed in these Chapter 11 Cases, as well as
       the U.S. Trustee and other parties in interest;

   (e) provide oversight and assistance in connection with
       communications and negotiations with the Debtors'
       constituents including trade vendors, investors and other
       constituents for the successful execution of the Debtors'
       near term business and financial plans;

   (f) provide oversight and assistance in connection with the
       preparation of financially related disclosures required by
       the Bankruptcy Code, the Bankruptcy Rules and/or the Local
       Rules, including schedules of assets and liabilities,
       statements of financial affairs and monthly operating
       reports;

   (g) provide oversight and assistance with the analysis of
       creditor claims by type, entity, and or individual claims;

   (h) coordinate activities with the Debtors' financial advisor
       and investment banker regarding marketing and negotiation
       efforts with interested parties;

   (i) provide testimony in litigation and bankruptcy matters as
       required;

   (j) attend meetings of the Board as requested; and

   (k) assist in such other matters as may be mutually agreed
       upon by Conway and/or the CRO with the Debtors and/or
       counsel to the Debtors.

Conway will be paid at these hourly rates:

     Donald S. MacKenzie            $810

     Timothy B. Stallkamp           $540

     Managing and Senior
     Managing Directors             $495-$875

     Analysts, Senior
     Associates and Directors       $230-$495

On May 13, 2016, Conway received a $100,000 retainer in connection
with its retention under the Engagement Letter. The retainer shall
be carried by Conway and credited against any amounts due at the
termination of the engagement, with any remaining amount of the
retainer returned to the Debtors.

As of the Petition Date, $53,858.07 remained under the retainer,
with $46,141.93 of the retainer balance applied against the final
prepetition invoice payable to Conway.

According to Conway's books and records, during the one-year period
prior to the Petition Date, Conway received $948,204.31 from the
Debtors for professional services performed and expenses incurred,
including the $46,141.93 noted above. As of the Petition Date, no
amounts were due or outstanding under the Engagement Letter.

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

Timothy B. Stallkamp, shareholder of Conway MacKenzie Management
Services, 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.

Conway can be reached at:

     Timothy B. Stallkamp
     CONWAY MACKENZIE MANAGEMENT SERVICES, LLC
     401 S. Old Woodward Avenue, Suite 340
     Birmingham, MI
     Tel: (248) 433-3100
     Fax: (248) 433-3143

                     About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216), and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.

Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor. Conway
Mackenzie Management Services LLC is the Debtors' crisis management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and noticing
agent.


CONSTELLATION ENTERPRISE: Hires Epiq as Administrative Advisor
--------------------------------------------------------------
Constellation Enterprise LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Epiq
Bankruptcy Solutions, LLC as administrative advisor to the
Debtors.

Constellation Enterprise requires Epiq to:

   a. assist with, among other things, solicitation, balloting,
      tabulation, and calculation of votes, as well as preparing
      any appropriate reports, as required in furtherance of
      confirmation of plan of reorganization;

   b. generate an official ballot certification and testifying,
      if necessary, in support of the ballot tabulation results;

   c. generate, provide, and assist with claims objections,
      exhibits, claims reconciliation, and related matters;

   d. provide assistance with preparation of the Debtors'
      schedules of assets and liabilities and statements of
      financial affairs;

   e. providing a confidential data room;

   f. generate, assisting with and providing strategic
      communications advice, strategy and expertise, as needed;

   g. manage any distributions pursuant to a confirmed plan of
      reorganization; and

   h. provide such other claims processing, noticing,
      solicitation, balloting, and administrative services
      described in the Services Agreement, but not included in
      the Section 156(c) Application, as may be requested from
      time to time by the Debtors.

Epiq will be paid at these hourly rates:

   Clerical/Administrative Support                  $20-$40
   Case Manager                                     $45–$75
   IT / Programming                                 $50–$85
   Sr. Case Manager/ Dir. of Case Management        $75–$135
   Consultant/ Senior Consultant                    $125–$175
   Director/Vice President Consulting               $190
   Executive Vice President - Solicitation          $200
   Executive Vice President – Consulting            WAIVED
   Communications Counselor                         $350

Epiq will be paid a retainer fee in the amount of $25,000.

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

Kate Mailloux, senior director of consulting of Epiq Bankruptcy
Solutions, 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.

Epiq can be reached at:

     Kate Mailloux
     Epiq Bankruptcy Solutions, LLC
     757 Third Avenue, 3rd Floor
     New York, NY 10017
     Tel: (646) 282-2400
     Fax: (646) 282-2501
     E-mail: kmailloux@epiqsystems.com

                     About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216), and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.

Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor. Conway
Mackenzie Management Services LLC is the Debtors' crisis management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and noticing
agent.


CONSTELLATION ENTERPRISE: Hires Imperial as Financial Advisor
-------------------------------------------------------------
Constellation Enterprise LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Imperial
Capital, LLC as financial advisor to the Debtors.

Constellation Enterprise requires Imperial to:

   (a) analyze the Debtors' business, operations, properties,
       financial condition, competition, forecast, prospects and
       management;

   (b) conduct a financial valuation of the ongoing operations of
       the Debtors;

   (c) as necessary to provide the additional services set forth
       in the Engagement Letter and without duplicating the
       services of the Debtors' other advisors, assist the
       Debtors in developing, evaluating, structuring and
       negotiating the terms and conditions of a potential
       Restructuring plan, including the value of the securities,
       if any, that may be issued under the Restructuring plan;

   (d) assist the Debtors in the preparation of solicitation
       materials with respect to any securities to be issued in
       connection with the Restructuring and the Debtors;

   (e) advise the Debtors on a proposed purchase price and form
       of consideration for a potential Transaction;

   (f) assist the Debtors in developing, evaluating, structuring
       and negotiating the terms and conditions of a potential
       Transaction;

   (g) assist the Debtors in the preparation of solicitation
       materials with respect to the Transaction and the Debtors;

   (h) identify and contact selected qualified buyers for the
       Transaction and furnish them, on behalf of the Debtors,
       with copies of Transaction Offering Materials;

   (i) assist the Debtors in arranging for potential Buyers to
       conduct due diligence investigations;

   (j) assist the Debtors in developing, evaluating, structuring
       and negotiating the terms and conditions of a potential
       Financing;

   (k) assist the Debtors in the preparation of solicitation
       materials with respect to the Financing, any securities to
       be issued in connection with the Financing and the Debtors
       (such solicitation materials, including, without
       limitation, all exhibits, amendments and supplements
       thereto.

   (l) identify and contact selected qualified purchasers to
       participate in the Financing and furnish them, on behalf
       of the Debtors, with copies of Financing Offering
       Materials; and

   (m) provide such other investment banking services as may from
       time to time be agreed upon between the Debtors and
       Imperial.

Imperial will be paid as follows:

   (a)  Monthly Fee. A financial advisory fee of (1) $100,000 for
        the first month, (2) $100,000 payable 30 days after May
        15, 2016, and (3) $75,000 per month for each month
        thereafter (the "Monthly Advisory Fee"), during the term
        of the engagement. Fifty (50) percent of all Monthly
        Advisory Fees earned after the first three months shall
        be credited against either the Restructuring Fee or the
        Transaction Fee.

   (b)  Transaction Fee. In the event that any Transaction is
        consummated during the term of the engagement, a
        transaction fee, which shall be payable upon consummation
        of the Transaction, equal to (1) $250,000 in the event
        all or substantially all of the Debtors' assets (but not
        including Columbus) are sold pursuant to a credit bid;
        (2) $850,000 in the event all or substantially of the
        Debtors' assets (but not including Columbus) are sold
        pursuant to a bid or bids other than a credit bid; (3)
        $450,000 in the event all or substantially all of the
        Debtors' assets (but not including Columbus) are sold
        pursuant to a bid in which Protostar Equity Opportunities
        LP ("GSPEO") or any of its affiliates participates; or
        (4) in the event all or substantially all of the Debtors'
        assets (but not including Columbus) are sold pursuant to
        a combination of a credit bid and a bid or bids other
        than a credit bid, (i) $250,000 multiplied by the
        percentage of the aggregate Transaction Consideration 7
        attributable to the credit bid, plus (ii) $850,000
        multiplied by the percentage of the aggregate Transaction
        Consideration attributable to the bid or bids other than
        a credit bid and other than a bid in which GSPEO or any
        of its affiliates participates, plus (iii) $450,000
        multiplied by the percentage of the aggregate Transaction
        Consideration attributable to a bid in which GSPEO or any
        of its affiliates participates, plus (iv) in the event
        Columbus is sold pursuant to an auction process or is
        sold to a buyer other than with respect to one identified
        bidder or any of its affiliates, the greater of (x)
        $50,000 and (y) $850,000 multiplied by the percentage of
        aggregate Transaction Consideration attributable to the
        bid for Columbus.

   (c)  Restructuring Fee. A fee (the "Restructuring Fee"),
        payable upon the closing of the Restructuring, of: (i)
        $250,000 in the event the Plan sponsor is one or more
        holders of the 11.125% First Priority Senior Secured
        notes due February 1, 2018 (the "Notes") or any of their
        respective affiliates; (ii) $450,000 in the event the
        Plan sponsor is GSPEO or any of its affiliates; or (iii)
        $850,000 in the event the Plan sponsor is a party other
        than one or more holders of the Notes or GSPEO or any of
        their respective affiliates.

   (d)  Financing Fee. A cash fee (the "Financing Fee") payable
        out of the proceeds of any Financing directly from the
        Financing source, equal to: (i) 1.50% of the face amount
        of any senior secured debt sold or arranged as part of
        the Financing, other than debtor-in-possession financing
        ("DIP Financing"), provided by PNC Bank, N.A. ("PNC"),
        GSPEO or one or more holders of the Notes or any of their
        respective affiliates; (ii) 3.00% of the fact amount of
        any subordinated debt sold or arranged as part of the
        Financing; or (iii) 6.00% of the face amount of any
        equity securities sold or arranged as part of the
        Financing; provided, however, Imperial shall not be
        entitled to a Financing Fee on any Financing provided by
        PNC, GSPEO or one or more holder of the Notes or any of
        their respective affiliates.

Erich Hobelmann, senior vice president of the Investment Banking
Group of Imperial Capital, LLC, assured the Court that the firm is
a "disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Debtors and their estates.

Imperial can be reached at:

     Erich Hobelmann
     INVESTMENT BANKING GROUP
     OF IMPERIAL CAPITAL, LLC
     2000 Avenue of the Stars, 9th Floor South
     Los Angeles, CA 90067
     Tel: (310) 246-3700
     Fax: (310) 777-3000

                     About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216), and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.

Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor. Conway
Mackenzie Management Services LLC is the Debtors' crisis management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and noticing
agent.


CONSTELLATION ENTERPRISE: Hires Richards Layton as Co-counsel
-------------------------------------------------------------
Constellation Enterprise LLC, et al., seek authority from the U.S.
Bankruptcy Court for the District of Delaware to employ Richards
Layton & Finger, P.A. as co-counsel to the Debtors.

Constellation Enterprise requires Richards Layton to:

   a) advise the Debtors of their rights, powers and duties as
      debtors and debtors in possession under chapter 11 of the
      Bankruptcy Code;

   b) take action to protect and preserve the Debtors' estates,
      including the prosecution of actions on the Debtors'
      behalf, the defense of actions commenced against the
      Debtors in the Chapter 11 Cases, the negotiation of
      disputes in which the Debtors are involved and the
      preparation of objections to claims filed against the
      Debtors;

   c) assist in preparing on behalf of the Debtors all motions,
      applications, answers, orders, reports and other papers in
      connection with the administration of the Debtors' estates;

   d) prosecute on behalf of the Debtors any chapter 11 plan that
      may be proposed by the Debtors and seeking approval of all
      transactions contemplated therein and in any amendments
      thereto; and

   e) perform other necessary or desirable legal services in
      connection with the Chapter 11 Cases.

Richards Layton will be paid at these hourly rates:

     Daniel J. DeFranceschi             $775
     Zachary I. Shapiro                 $510
     Joseph C. Barsalona II             $360
     Rachel L. Biblo                    $360
     Brett M. Haywood                   $295
     Ann Jerominski                     $240
     Directors                          $610-$850
     Counsel                            $535-$550
     Associates                         $295-$510
     Paraprofessionals                  $240

Prior to the Petition Date, Richards Layton received three wire
transfers in the total amount of $194,573.26 which were used to
fund Richards Layton's account and to pay fees and expenses
incurred, as well as fees and expenses anticipated to be incurred
prior to the commencement of the Chapter 11 Cases.

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

Daniel J. DeFranceschi, director of the law firm of Richards Layton
& Finger, P.A., 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.

Richards Layton can be reached at:

     Daniel J. DeFranceschi, Esq.
     Zachary I. Shapiro, Esq.
     Rachel L. Biblo, Esq.
     Joseph C. Barsalona II, Esq.
     Brett M. Haywood, Esq.
     RICHARDS, LAYTON & FINGER, P.A.
     One Rodney Square
     920 North King Street
     Wilmington, DE 19801
     Tel: (302) 651-7700
     Fax: (302) 651-7701

                     About Constellation Enterprises

Constellation Enterprises LLC, through its subsidiaries,
manufactures custom engineered metal components for various end
markets such as rail transportation, oil and gas, general
industrial, nuclear, aerospace, and small gas engine markets. The
company was incorporated in 1996 and is based in Caldwell, Texas.

Constellation Enterprises LLC (Bankr. D. Del. Case No. 16-11213)
and its affiliates Columbus Holdings, Inc. (Bankr. D. Del. Case No.
16-11214), Columbus Steel Castings Company (Bankr. D. Del. Case No.
16-11215), Eclipse Manufacturing Co. (Bankr. D. Del. Case No.
16-11219), JFC Holding Corporation (Bankr. D. Del. Case No.
16-11221), Metal Technology Solutions, Inc. (Bankr. D. Del. Case
No. 16-11218), Steel Forming, Inc. (Bankr. D. Del. Case No.
16-11220), The Jorgensen Forge Corporation (Bankr. D. Del. Case No.
16-11222), Zero Corporation (Bankr. D. Del. Case No. 16-11216), and
Zero Manufacturing, Inc. (Bankr. D. Del. Case No. 16-11217) filed
for Chapter 11 bankruptcy protection on May 16, 2016.

The petitions were signed by William Lowry, chief financial
officer.

The Debtors estimated their assets at between $1 million and $10
million and their debts at between $100 million and $500 million.

Adam C. Rogoff, Esq., and Joseph A. Shifer, Esq., at Kramer Levin
Naftalis & Frankel LLP serve as the Debtors' bankruptcy counsel.

Daniel J. DeFranceschi, Esq., Zachary I. Shapiro, Esq., Rachel L.
Biblo, Esq., and Joseph C. Barsalona II, Esq., at Richards, Layton
& Finger, P.A., serve as the Debtors' co-counsel.

Imperial Capital, LLC, is the Debtors' financial advisor. Conway
Mackenzie Management Services LLC is the Debtors' crisis management
& restructuring services provider.

Epiq Bankruptcy Solutions, LLC, is the Debtors' claims and noticing
agent.


CONSUMER LAW: Unsecureds Recoup 100% Under 1st Amended Plan
-----------------------------------------------------------
Consumer Law and Mass Tort Litigation Group, LLC, delivered to the
U.S. Bankruptcy Court for the Northern District of Alabama a first
amended disclosure statement explaining its first amended plan of
reorganization dated June 1, 2016.

Holders of allowed general unsecured claims are unimpaired under
the Plan.  The Debtor estimates that the total amount of general
unsecured claims will not exceed $85,000.  Holders will be paid in
full in cash within the later of the effective date of the Plan,
the due date for the claim or 15 business days after the claim is
allowed, if an objection is filed against the claim.

The Whatley secured claims ($1,885,335 and $269,000) and the Kallas
secured claim ($312,524) are impaired and will be paid in 10 years
at an annual interest rate of 4%.

A copy of the First Amended Disclosure Statement is available at:

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

The Debtor is represented by:

     Michael L. Hall, Esq.
     Heather A. Lee, Esq.
     Regan C. Loper, Esq.
     BURR & FORMAN LLP
     420 North 20th Street, Suite 3400
     Birmingham, AL 35203
     Tel: 205-251-3000
     Fax: 205-458-5100

                       About Consumer Law

Consumer Law and Mass Tort Litigation Group, LLC, fka Whatley,
Drake & Kallas, LLC, based in Birmingham, Alabama, filed a Chapter
11 petition (Bankr. N.D. Ala. Case No. 15-04791) on November 25,
2015, listing $1 million to $10 million in both assets and
liabilities.  The petition was signed by Joe R. Whatley Jr.,
managing member.

Hon. Tamara O Mitchell presides over the case.  Heather A Lee,
Esq., at Burr & Forman LLP, serves as counsel to the Debtor.

No committee of unsecured creditors has been appointed in the case.


CVENT INC: Moody's Assigns B3 Corporate Family Rating
-----------------------------------------------------
Moody's Investors Service assigned credit ratings to Cvent, Inc
(together with Lanyon Solutions, Inc., "Cvent"). The Corporate
Family rating ("CFR") was assigned at B3, the Probability of
Default rating ("PDR") was assigned at B3-PD, the proposed senior
secured first lien revolving credit facility due 2021 and proposed
senior secured first lien term loan due 2023 were rated at B1 and
the proposed senior secured second lien term loan due 2024 was
rated at Caa2. The rating outlook is stable.

The proceeds of the term loans and cash and rollover equity from
affiliates of financial sponsor Vista Equity Partners ("Vista")
will be used to acquire Cvent, Inc. Vista then plans to combine it
with Lanyon Solutions, Inc., which Vista already owns, as well as
to pay transaction related fees and expenses.

Issuer: Cvent, Inc.

Assignments:

-- Corporate Family Rating, Assigned B3

-- Probability of Default Rating, Assigned B3-PD

-- Senior Secured 1st lien Bank Credit Facility, Assigned B1
    (LGD2)

-- Senior Secured 2nd lien Term Loan, Assigned Caa2 (LGD5)

Outlook:

-- Outlook, Stable

RATINGS RATIONALE

The B3 CFR reflects very high debt to EBITDA of about 11 times at
closing and Moody's expectations for financial leverage to remain
above 6.5 times until 2017, limited free cash flow to debt of less
than 2% and EBITDA less capital expenditures and capitalized
software expenses to interest expense below 1.25 times. Revenue
size is modest with about $360 million in sales expected in 2016.
Moody's notes that before the planned merger, neither predecessor
company generated positive operating profits. Future profitability
is highly dependent upon the full and timely achievement of
substantial cost reduction plans amounting to 20% of total
pre-merger expenses. Revenue scope is also limited, with
subscription and other revenues sourced from meeting planners and
hotels, mostly in North America.

Moody's believes that historically high revenue growth rates at the
legacy Cvent businesses must continue for the company to generate
enough free cash flow to reduce debt; revenue at the legacy Lanyon
businesses have not been growing. Subscription revenues paid up
front and high customer retention and renewal rates provide support
to the revenue growth forecast. While numerous potential
competitors exist, there are few direct competitors today. Over $1
billion of cash equity from Vista also suggests that Cvent's value
could be well in excess of the $640 million of rated debt. Moody's
considers Cvent's liquidity profile good, with at least $40 million
of balance sheet cash and the full $40 million revolving credit
facility expected to be available at all times during the next 12
months.

All financial metrics cited reflect Moody's standard adjustments.

The stable ratings outlook reflects Moody's expectations for 8%
annual revenue growth and operating profitability that should
improve steadily to exceed 15% in 2016 and 20% in 2017. The ratings
could be upgraded if Moody's expects sustained profitable revenue
growth, debt to EBITDA below 6 times, free cash flow to debt above
5%, EBITDA less capital expenditures and capitalized software
expenses to interest expense approaching 2 times, solid liquidity
and balanced financial policies. A downgrade is possible if
increased competition or customer losses drive down revenue growth,
leading Moody's to anticipate debt to EBITDA remaining above 7
times, EBITDA less capital expenditures and capitalized software
expenses to interest expense below 1 time or less than adequate
liquidity.

Cvent, being purchased by affiliates of Vista, provides software
and related services to event and meeting planners and venues,
mostly in North America. Moody's expect 2016 revenues of at least
$360 million.


DIKA-HOMEWOOD: First Amended Chapter 11 Plan Filed
--------------------------------------------------
DIKA-Homewood LLC filed with the U.S. Bankruptcy Court for the
Northern District of Illinois its first amended disclosure
statement and first amended plan of reorganization.

Holders of allowed general unsecured claims, estimated to total
$110,517, are impaired under the Plan.  Holders will be paid in
full, with payments to be made on a quarterly basis, from cash on
hand of the Debtor and from cash generated from the continuing
business operations.

DIKA-Homewood is the owner and operator of a 48,342 square foot
commercial and retail shopping center located at 17715 S. Halsted
Street, Homewood, Illinois 60430.

Tenants at the Homewood property may assert claims on account of
security deposits.  The Tenant claims are unimpaired under the
Plan.

A copy of the Disclosure Statement is available at:

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

DIKA-Homewood, LLC, filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 15-04801) on February 13, 2015.  Hon. Pamela S. Hollis
presides over the case.

The Debtor is represented by:

     Thomas W. Goedert, Esq.
     Jeffrey C. Dan, Esq.
     Brian P. Welch, Esq.
     CRANE, HEYMAN, SIMON, WELCH & CLAR
     135 S. LaSalle St., Suite 3705
     Chicago, IL 60603
     Tel: 312-641-6777
     Fax: 312-641-7114
     Email: tgoedert@craneheyman.com

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Marshall
N. Dickler, on behalf of Dika-Management, LLC, manager.


DIKA-MATTESON: First Amended Chapter 11 Plan Filed
--------------------------------------------------
DIKA-Matteson LLC filed with the U.S. Bankruptcy Court for the
Northern District of Illinois its first amended disclosure
statement and first amended plan of reorganization.

The Plan provides for the distributions to the holders of Allowed
Claims from funds realized by the Debtor from refinancing and from
continued operation of the business as well as from existing cash
deposits and cash resources of the Debtor.

Holders of allowed general unsecured claims, estimated to total
$33,902, are impaired under the Plan.  Holders will be paid in
full, with interest at 3.5% in 16 equal payments, to be made on a
quarterly basis, from cash on hand of the Debtor and from cash
generated from the continuing business operations.

DIKA-Matteson is the owner and operator of a 25,857 foot commercial
and retail shopping center located at 4730 W. Lincoln Highway,
Matteson, Illinois 60443.

Tenants at the Matteson property may assert claims on account of
security deposits.  The Tenant claims are unimpaired under the
Plan.

A copy of the Disclosure Statement is available at:

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

DIKA-Matteson, LLC, filed a Chapter 11 petition (Bankr. N.D. Ill.
Case No. 15-04804) on February 13, 2015.  Hon. Pamela S. Hollis
presides over the case.

The Debtor is represented by:

     Thomas W. Goedert, Esq.
     Jeffrey C. Dan, Esq.
     Brian P. Welch, Esq.
     CRANE, HEYMAN, SIMON, WELCH & CLAR
     135 S. LaSalle St., Suite 3705
     Chicago, IL 60603
     Tel: 312-641-6777
     Fax: 312-641-7114
     Email: tgoedert@craneheyman.com

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities.  The petition was signed by Marshall
N. Dickler, on behalf of Dika-Management, LLC, manager.


DJ OILFIELD: Hires David Hettler as Accountant
----------------------------------------------
DJ Oilfield Services, LLC, seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Texas to employ David
Hettler of David L. Hettler, PC, as accountant, to prepare certain
financial documentation on behalf of the Debtor.

Mr. Hettler will:

      a. prepare past due and future Federal and State income and
         business franchise tax returns on behalf of the Debtor;
         and

      b. provide other accounting services to the extent
         necessary, including periodic reports required by the
         U.S. Trustee.

Mr. Hettler will be paid $125 per hour for his services.

Mr. Hettler assures the Court that during the period of employment
as accountant to the Debtor, he will not hold any interest adverse
to the interest of the Debtor, and will not cease to be a
disinterested person, as defined in 11 U.S.C. Section 101.

Mr. Hettler can be reached at:

         David Hettler
         David L. Hettler, PC
         4216 102nd Street
         Lubbock, Texas 79423
         Tel: (806) 780-7700
         E-mail: davidhettler@hotmail.com

Headquartered in Levelland, Texas, DJ Oilfield Services, LLC, filed
for Chapter 11 bankruptcy protection (Bankr. N.D. Texas Case No.
16-50062) on March 14, 2016, estimating its assets at between $1
million and $10 million.  The petition was signed by Douglas H.
Parsley, president.

Judge Robert L. Jones presides over the case.

Clinton W. Cook, Esq., at the Law Offices of Clinton W. Cook serves
as the Debtor's bankruptcy counsel.


DOLPHIN DIGITAL: Enters Into Debt Exchange Agreements
-----------------------------------------------------
Dolphin Digital Media, Inc., entered into substantially identical
debt exchange agreements with certain private investors pursuant to
which the Company issued and sold to the Investors in a private
placement an aggregate of 846,509 shares of the Company's common
stock, par value $0.015 per share, in exchange for the cancellation
of an aggregate amount of $4,732,540 in currently due and
outstanding debt and interest, under certain notes held by the
Investors, at an exchange rate of $5.00 per Share, according to a
regulatory filing with the Securities and Exchange Commission.

                      About Dolphin Digital

Coral Gables, Florida-based Dolphin Digital Media, Inc., is
dedicated to the twin causes of online safety for children and
high quality digital entertainment.  By creating and managing
child-friendly social networking websites utilizing state-of the-
art fingerprint identification technology, Dolphin Digital Media,
Inc. has taken an industry-leading position with respect to
internet safety, as well as digital entertainment.

Dolphin Digital reported a net loss of $4.05 million on $2.99
million of total revenue for the year ended Dec. 31, 2015, compared
to a net loss of $1.87 million on $2.07 million of total revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, Dolphin Digital had $20.71 million in total
assets, $46.72 million in total liabilities and a total
stockholders' deficit of $26 million.

BDO USA, LLP, in Miami, Florida, 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, negative cash flows from operations, and
does not have sufficient working capital.  These events raise
substantial doubt about the Company's ability to continue as a
going concern.


DOWLING COLLEGE: Moody's Says College Ceases Operations
-------------------------------------------------------
On May 31, 2016, Dowling College (Dowling) rated Ca negative,
announced that it will cease operations as of June 3, 2016 after
years of financial challenges and the recent failure to form an
alliance with another educational partner.

Moody's said, "The existing Ca ratings and negative outlook on the
Series 1996 and 2002 bonds continue to reflect our expectation of
modest recovery based on Dowling's very limited unrestricted cash
and investments through FY 2015. Dowling's financial challenges as
incorporated in the rating and outlook included a multi-year trend
of unsustainable enrollment declines (50% in last four years),
insufficient annual cash flow to cover debt service, and very thin
liquidity (12 days cash on hand at FYE 2015).

"Our assessment of recovery includes debt service reserve funds
and, for the Series 2002 bonds, a first leasehold mortgage and
security interest in the financed facility, a residence hall on the
Shirley (Brookhaven) campus. In conjunction with a debt forbearance
agreement in July 2015, the legal security on the Series 1996 and
2002 bonds was expanded to include a mortgage pledge on certain
residential properties, subject to a prior lien provided to the
college's taxable bond holders. Based on FY 2015 audited
financials, the net book value of all fixed assets was $53 million
against total debt of $53 million and other payables of $10.5
million."





DRAFTDAY FANTASY: Borrows Additional $50,000 from Sillerman
-----------------------------------------------------------
As reported on Draftday Fantasy Sports, Inc.'s current report on
Form 8-K filed May 20, 2016, the Company entered into a Secured
Line of Credit with Sillerman Investment Company VI, LLC on
May 16, 2016.  On May 27, 2016, the Company borrowed an additional
$50,000 under the Secured Line of Credit.  A total of $211,000 has
been advanced under the Secured Line of Credit.

As previously disclosed on a Current Report on Form 8-K filed on
May 13, 2016, DraftDay Fantasy signed an agreement with Sillerman
Investment Company III, LLC on May 9, 2016, to exchange 7,000
shares of the Company's Series C Preferred Stock held by SIC III to
22,580,645 shares of the Company's common stock, subject to certain
conditions which have been satisfied, and therefore 22,580,645
shares of the Company's common stock were issued to SIC III.

                         About DraftDay

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

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

As of March 31, 2016, DraftDay had $32.4 million in total assets,
$48.6 million in total liabilities, $12.5 million in series C
convertible redeemable preferred stock and a $28.6 million total
stockholders' deficit.


ELEPHANT TALK: Receives Non-Compliance Notice from NYSE MKT
-----------------------------------------------------------
Elephant Talk Communications Corp. has received a non-compliance
notice from the NYSE MKT because it has fallen below the
stockholders' equity standards of Section 1003(a)(iii) of the NYSE
MKT Company Guide and may no longer be in compliance with the
financial impairment standards of Section 1003(a)(iv) of the NYSE
MKT Company Guide and the stock price standards of Section
1003(f)(v) of the Guide.

In order to maintain its listing, ETAK is required to submit a
specific plan of compliance by June 27, 2016, addressing how it
intends to regain compliance with the continued listing standards
of NYSE MKT by Nov. 27, 2017.  If the Plan is accepted, the Company
may be able to continue its listing during the Plan Period, but
will be subject to continued periodic review by the NYSE MKT.
Additionally, ETAK will need to effect a reverse stock split of its
common stock to effect an increase in its stock price.

"We are in the midst of a major restructuring of the Company which
is progressing on plan and has already begun moving, and which we
expect will regain compliance," said Hal Turner, executive chairman
of the Company.  "This notification was not unexpected given the
impact of the restructuring and we expect to take the necessary
steps to regain compliance.  Our shareholders have been very
supportive during our transition and we anticipate that the plans
that we will share later this month to regain compliance will
capitalize on our core competencies and be well received in the
marketplace."

If the Company does not submit a Plan by June 27, 2016 or, the Plan
is not accepted by the NYSE MKT, it will be subject to delisting
proceedings.  Furthermore, if the Plan is accepted but the Company
does not achieve compliance with the continued listing standards by
Nov. 27, 2017, or if the Company does not make progress consistent
with the Plan during the Plan Period, the NYSE MKT will initiate
delisting proceedings as appropriate.

The NYSE MKT's notice has no immediate effect on the listing of the
Company's common stock on the NYSE MKT, except for the addition of
a .BC indicator by the NYSE MKT.

                        About Elephant Talk

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

Elephant Talk reported a net loss of $5 million on $31.01 million
of revenues for the year ended Dec. 31, 2015, compared to a net
loss of $21.86 million on $20.35 million of revenues for the year
ended Dec. 31, 2014.

As of March 31, 2016, Elephant Talk had $25.05 million in total
assets, $19.66 million in total liabilities and $5.39 million in
total stockholders' equity.

Squar Milner, LLP (formerly Squar Milner, Peterson, Miranda &
Williamson, LLP), in Los Angeles, California, 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, has an accumulated deficit of
$256 million and has negative working capital.  This raises
substantial doubt about the Company's ability to continue as a
going concern, the auditors said.


ENERGY FUTURE: Delaware Trust Can't Recover Premium
---------------------------------------------------
Judge J. Sontchi of the United States Bankruptcy Court for the
District of Delaware granted the motion to dismiss filed by
Computershare Trust Company, N.A., and Computershare Trust Company
of Canada in an action styled DELAWARE TRUST COMPANY, as Indenture
Trustee and Collateral Trustee, Plaintiff, v. COMPUTERSHARE TRUST
COMPANY, N.A. and COMPUTERSHARE TRUST COMPANY OF CANADA, as
Indenture Trustee and Paying Agent, Defendants, Adv. Pro. No:
14-50410(CSS)(Bankr. D. Del.).

The Delaware Trust Company sought, pursuant to the terms of the
intercreditor Collateral Trust Agreement, to recover the amount of
the Applicable Premium from the holders of the notes issued under
the second lien indenture dated as of April 25, 2011, who received
a partial paydown of their second lien notes by the debtors.

While the motion to dismiss was being briefed, the bankruptcy court
determined, in a separate adversary proceeding, that the holders of
the notes issued by Energy Future Holdings Corp. and its affiliates
(the "EFIH Debtors") under the first lien indenture dated as of
August 17, 2010, could only recover the Applicable Premium under
the first lien indenture if there was an Optional Redemption of the
first lien notes.  The court further determined that the first lien
notes were automatically accelerated by the debtors' bankruptcy and
the first lien indenture did not provide for payment of the
Applicable Premium following a bankruptcy acceleration of the first
lien notes.  Thereafter, the court denied the Delaware Trust
Company relief from the automatic stay to decelerate the first lien
notes; as a result, the Applicable Premium never became due under
the first lien indenture.

The court was thus left to determine whether the Delaware Trust
Company can recover the amount of the Applicable Premium from the
second lien noteholders when such amount is not due as against the
EFIH Debtors.  Judge Sontchi found that such amounts are not
recoverable from the second lien notes because such amounts are not
due vis-a-vis the EFIH Debtors.  As such, the judge granted the
motion to dismiss.

A full-text copy of Judge Sontchi's June 3, 2016 opinion is
available at http://bankrupt.com/misc/ENERGYFUTURE86370603.pdf.

The bankruptcy case is In re: ENERGY FUTURE HOLDINGS CORP., et al.,
Debtors, Case No. 14-10979(CSS)(Jointly Administered)(Bankr. D.
Del.).

                    About Energy Future

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

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

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

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

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

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

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

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

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

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

                            *     *     *

In December 2015, the Bankruptcy Court confirmed the Debtors' Sixth
Amended Joint Plan of Reorganization.  In May 2016, certain first
lien creditors of TCEH delivered a Plan Support Termination Notice
to the Debtors and the other parties to the Plan Support Agreement,
notifying the parties of the occurrence of a Plan Support
Termination Event.  The delivery of the Plan Support Termination
Notice caused the Confirmed Plan to become null and void.

Following the occurrence of the Plan Support Termination Event as
well as the termination of a roughly $20 billion deal to sell the
Debtors' stake in Oncor Electric Delivery Co., the Debtors filed
the Plan of Reorganization and the Disclosure Statement with the
Bankruptcy Court on May 1, 2016.  On May 11, they filed an amended
joint plan of reorganization and a related disclosure statement.

A copy of the Amended Plan is available at https://is.gd/Gl6Hmu

A copy of the Disclosure Statement is available at
https://is.gd/8pDwBx


ENERGY XXI: Shareholders Raise Questions on Restructuring
---------------------------------------------------------
Lillian Rizzo, writing for Daily Bankruptcy Review, reported that
Energy XXI Ltd. shareholders who object to their equity being wiped
out in a restructuring are accusing management of wrongly cutting
the value of the company's oil and gas assets and paying themselves
large bonuses before filing for bankruptcy.

According to the report, in court papers filed June 2, the
shareholders allege that Energy XXI's management "essentially
created the perception of massive insolvency" by downgrading
undeveloped oil and gas reserves, which led to a writedown of about
$2.7 billion, or 78%, of the enterprise value.

                         About Energy XXI

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

Energy XXI Ltd and 25 of its affiliates filed on April 14, 2016,
bankruptcy petitions in the U.S. Bankruptcy Court for the Southern
District of Texas (Bankr. S.D. Tex. Lead Case No. 16-31928). The
petitions were signed by Bruce W. Busmire, the CFO. Judge Karen K.
Brown is assigned to the cases.

Energy XXI Ltd on April 14, 2016, also filed a winding-up petition
commencing an official liquidation proceeding under the laws of
Bermuda before the Supreme Court of Bermuda.

The Debtors sought bankruptcy protection after reaching a deal
with
lenders on the filing of a restructuring plan that would convert
$1.45 billion owed to second lien noteholders into equity of the
reorganized company.

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

Wilmer Cutler Pickering Hale and Dorr LLP represents an ad hoc
group of certain holders and investment advisors and managers for
holders of obligations arising from the 8.25% Senior Notes due
2018
issued pursuant to that certain Indenture, dated as of Feb. 14,
2011, by and among EPL Oil & Gas, Inc., certain of EPL's
subsidiaries, as guarantors, and U.S. Bank National Association,
as
trustee.

The Office of the U.S. Trustee on April 26 appointed five creditors
of Energy XXI Ltd. to serve on the official committee of unsecured
creditors.  The Committee retains Heller, Draper, Patrick, Horn &
Dabney LLC as its co-counsel, Latham & Watkins LLP as its
co-counsel, and FTI Consulting, Inc. as its financial advisor.


EZE CASTLE: Moody's Affirms B2 Corporate Family Rating
------------------------------------------------------
Moody's Investors Service affirmed Eze Castle Software, Inc.'s
Corporate Family rating ("CFR") at B2, the Probability of Default
rating ("PDR") at B2-PD, the first lien credit facilities at B1 and
the second lien credit facilities at Caa1. Moody's also assigned a
B1 rating to the company's proposed $115 million first lien term
loan add-on due 2020 and to its proposed first lien revolving
credit facility due 2019

The rating actions follow the company's announcement that it
intends to use the net proceeds of the new term loan and balance
sheet cash to fund a $123 million distribution to its shareholders,
affiliates of private equity firm TPG Capital. The company made a
$56 million distribution to shareholders last month, using balance
sheet cash. Upon the closing of the proposed revolving credit
facility, Moody's will withdraw the ratings on the existing
revolving credit facility due 2018.

Issuer: Eze Castle Software, Inc.

Affirmations:

-- Corporate Family Rating, Affirmed B2

-- Probability of Default, Affirmed B2-PD

-- $75M Senior Secured First Lien Revolving Credit facility due
    2018, Affirmed B1 (LGD3), which will be withdrawn following
    the close of the extended maturity revolving facility due
    2019.

-- $380M Senior Secured First Lien Term Loan due 2020, Affirmed
    B1 (LGD3)

-- $125M Senior Secured Second Lien Term Loan due 2021, Affirmed
    Caa1 (LGD6)

Outlook:

-- Outlook, Remains Stable

Assignments:

-- $75M Senior Secured First Lien Revolving Credit Facility due
    2019, Assigned B1 (LGD3)

-- $115M Senior Secured First Lien Term Loan due 2020, Assigned
    B1 (LGD3)

RATINGS RATIONALE

The B2 CFR reflects the company's higher leverage and more
aggressive financial profile after the incurrence of the additional
debt and distribution of about $180 million to shareholders.
Similar to what transpired since the closing of the LBO by TPG
Capital in 2013, Moody's expects the company to delever to about 6
times Debt to EBITDA over the next 12 to 18 months through EBITDA
expansion from revenue growth. Moody's expects ongoing 3% to 5%
annual growth in revenues and profits. Eze's Order Management (OMS)
and Execution Management (EMS) products have a history of high
customer subscription renewal, providing support to the revenue
outlook. Revenues come from subscription and transaction fees,
driven by the number of traders and trades, so revenue is sensitive
to changes in hedge fund industry trading activity. Most of Eze's
OMS revenue are indirectly from hedge funds through brokers who pay
Eze. The high level of financial leverage is supported by Eze's
generally predictable, positive free cash flow; Moody's expects
free cash flow of at least $40 million over the next 12 to 18
months, reflecting Eze's limited capital expenditure and working
capital needs. Debt reduction in excess of required amounts is
unlikely as acquisitions are possible, and while not likely in the
near term given the limitations on further distributions in the
debt agreements, there remains the ongoing risk of further cash
distributions to equity holders.

All financial metrics cited reflect Moody's standard adjustments.

The stable ratings outlook reflects Moody's expectations for 3% to
5% revenue growth and steady profit margins to drive declines in
debt to EBITDA toward 6 times and free cash flow to debt above 5%.
Ratings could be upgraded Moody's expects all of the following: 1)
ongoing high single digit revenue growth; 2) debt to EBITDA will be
sustained below 5 times; 3) EBITA margins around 30%; and 4)
maintenance of balanced financial policies. The ratings could be
downgraded if Moody's anticipates any of the following: 1) revenue
declines due to customer losses; 2) debt to EBITDA maintained above
6 times; 3) free cash flow to debt around 2%; or 4) diminished
liquidity.

Eze Software provides order management systems, execution
management systems, portfolio management and accounting software
and services to hedge funds, other institutional investors and
brokerage firms in the U.S. Europe and Asia. The company is owned
by affiliates of TPG Capital. Moody's expects Eze Software to
generate revenue of about $290 million in 2016.


FIRST DATA: Extend Credit Facilities Maturity to July 2022
----------------------------------------------------------
First Data Corporation entered into a 2016 May Extension Amendment
and Joinder relating to its Credit Agreement, dated as of Sept. 24,
2007, as amended and restated several times, among the Company, the
several lenders from time to time parties thereto and Credit Suisse
AG, Cayman Islands Branch, as administrative agent.

Pursuant to the Extension Amendment and Joinder, the Company
extended the maturity of (i) approximately $692 million of its
existing U.S. dollar denominated term loans maturing on Sept. 24,
2018, from Sept. 24, 2018, to July 10, 2022, and (ii) approximately
EUR 226 million of its existing euro denominated term loans
maturing on March 24, 2018 from March 24, 2018 to
July 10, 2022.  The interest rate applicable to the 2022B Extended
Term Loans is a rate equal to, at the Company's option, either (a)
LIBOR plus 375 basis points or (b) solely with respect to the 2022B
Extended Dollar Term Loans, a base rate plus 275 basis points.

Pursuant to the Extension Amendment and Joinder, the Company
incurred an aggregate principal amount of (i) approximately $316
million in new U.S. dollar denominated term loans and (ii)
approximately EUR85 million in new euro denominated term loans, in
each case with an ultimate maturity date of July 10, 2022.  The
interest rate applicable to the 2022B New Term Loans is a rate
equal to, at the Company's option, either (a) LIBOR plus 375 basis
points or (b) solely with respect to the 2022B New Dollar Term
Loans, a base rate plus 275 basis points.  The Company used the
proceeds from the incurrence of (i) the 2022B New Dollar Term Loans
to repay the portion of its existing U.S. dollar denominated term
loans maturing on Sept. 24, 2018, that were not converted into
2022B Extended Dollar Term Loans and (ii) the 2022B New Euro Term
Loans to repay the portion of its existing euro denominated term
loans maturing on March 24, 2018, that were not converted into
2022B Extended Euro Term Loans.

                         About First Data

Based in Atlanta, Georgia, First Data Corporation provides
commerce and payment solutions for financial institutions,
merchants, and other organizations worldwide.

First Data reported a net loss attributable to the Company of $1.48
billion on $11.5 billion of total revenues for the year ended Dec.
31, 2015, compared to a net loss attributable to the Company of
$458 million on $11.2 billion of total revenues for the year ended
Dec. 31, 2014.

As of March 31, 2016, First Data had $33.72 billion in total
assets, $30.04 billion in total liabilities, $73 million in
redeemable noncontrolling interest and $3.61 billion in total
equity.

                           *     *     *

The Company carries a 'B2' corporate family rating, with a
stable outlook, from Moody's Investors Service, a 'B+' corporate
credit rating, with stable outlook, from Standard & Poor's, and
a 'B' long-term issuer default rating from Fitch Ratings.


FORESIGHT ENERGY: Director's Death Caused Listing Deficiency
------------------------------------------------------------
Mr. Bennett K. Hatfield, an independent member of the board of
directors of Foresight Energy GP LLC, the general partner of
Foresight Energy LP, passed away on May 22, 2016.  Mr. Hatfield was
one of three independent directors serving on the audit committee
of the General Partner's board of directors.  As a consequence of
Mr. Hatfield's passing, the Partnership became deficient as to the
requirement of Section 303A.07(a) of the New York Stock Exchange
Listed Company Manual that audit committees be comprised of at
least three independent directors.  

On May 25, 2016, the Partnership notified the NYSE with respect to
this deficiency and on June 1, 2016, the Partnership received an
official notice from the NYSE with respect to this deficiency.

The owners of the General Partner intend to appoint a third
independent director to the Board, and for that independent
director to serve on the audit committee of the Board, and thereby
regain compliance with Section 303A.07(a) of the NYSE Listed
Company Manual.

                      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 March 31, 2016, Foresight Energy had $1.76 billion in total
assets, $1.78 billion in total liabilities and a $17.99 million
total partners' deficit.

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

                          *     *     *

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

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


FOREST PARK REALTY: Hires Deverick as Appraiser of Vacant Lot
-------------------------------------------------------------
Forest Park Realty Partners III, LP, seeks authorization from the
U.S. Bankruptcy Court for the Northern District of Texas to employ
Deverick & Associates to determine the fair market value of the
vacant lot located at 11990/11792 N. Central Expressway, Dallas,
Texas, which is solely owned by the Debtor.

Objections to the request must be filed by June 20, 2016.

Deverick is to be paid a flat fee of $2,000 for its services, of
which the entire amount will be paid upfront as a retainer.
Payment of the Flat Fee to Deverick will be due prior to Deverick's
preparation of the appraisal report.  The $2,000 fee will include
payment for all of Deverick's expenses in connection with the
appraisal, other than hourly fees for expert valuation testimony
required by the Debtors in connection with Deverick's appraisal.
Compensation for the testimony will be paid to Deverick at a rate
of $300 per hour.

Deverick P. Jordan at Deverick assures the Court that the firm has
no material relationships that would raise a potentially
disqualifying conflict of interest or that would otherwise render
the firm ineligible to serve as an appraiser to the Debtor pursuant
to Sections 327 and 328 of the Bankruptcy Code.

Deverick can be reached at:

      Deverick P. Jordan
      Managing Director
      Deverick & Associates, Inc.
      2010 Valley View Lane, Suite 200
      Dallas, Texas 75234
      E-mail: djordan@deverick.com
      Website: www.deverick.com

             About Forest Park Realty

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

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

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

Franklin Hayward LLP serves as counsel to the Debtors.


GATEWAY ENTERTAINMENT: U.S. Trustee Forms 3-Member Committee
------------------------------------------------------------
The U.S. trustee for Region 3 on June 2 appointed three creditors
of Gateway Entertainment Studios, LP to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Sante Berarducci, Inc.
         2241 West Hardies Road, Building #2
         Gibsonia, PA 15044
         Attn: Robert M. Cuprino
         Tel. (412) 812-2302
         Fax (412) 492-7598
         bob@sbipgh.com

     (2) South Hills Builders
         3830 Brownsville Road
         Pittsburgh, PA 15227
         Tel. (412) 343-7663
         Steph@pittsburghroofingsystems.com

     (3) Retrotherm Insulators, Inc.
         6377 Tollgate Road
         Zionsville, PA 18092
         Tel. (610) 966-2400
         Fax (610) 965-9034
         rtherm@ptd.net

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 Gateway Entertainment

Gateway Entertainment Studios, L.P. was incorporated in 2011 and is
based in the United States.  On April 29, 2016, Gateway
Entertainment Studios, L.P. filed a voluntary petition for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for
the Western District of Pennsylvania (Bankr. W.D. Pa. Case No.
16-21628).  The Debtor listed total assets of $12.15 million and
total debts of $9.87 million.  Judge Carlota M. Bohm is assigned to
the case.


GEOFFREY ROSE: Plan Confirmation Hearing Set for July 27
--------------------------------------------------------
The U.S. Bankruptcy Court for the Middle District of North Carolina
has approved the second amended disclosure statement filed by
Geoffrey Rose and Deanna Rose and scheduled the confirmation
hearing for July 27, 2016, at 2:00 p.m.

The 8th of July is the last day for filing written acceptances or
rejections of the Plan.  The 8th of July is also the last day for
filing written objections to the Plan.

The bankruptcy case is In the Matter of: Geoffrey Rose and Deanna
Rose, Debtors, Case No. 14-51269 (M.D.N.C.).


GOLDSTAR SOLUTIONS: Hires Gary C. Rohrs as Accountant
-----------------------------------------------------
Goldstar Solutions, LLC, seeks authorization from the U.S.
Bankruptcy Court for the Western District of Missouri to employ
Gary C. Rohrs, EA ABA ATA RRA and A. Clyde Rohrs & Associates,
Inc., as accountants.

The Debtor requires the services of an accountant to provide
general accounting services and assist in the preparation of the
Debtor's federal and state tax returns for 2013, 2014, and 2015.
Mr. Rohrs has agreed to examine and review the Debtor's financial
records and to recommend any changes necessary in order to prepare
the Debtor's federal and state tax returns for 2013, 2014, and
2015.  Mr. Rohrs will provide the examination and review services
at the rate of $100 per hour.  Thereafter, Mr. Rohrs will prepare
the Debtor's 2013, 2014, and 2015 federal and state tax returns and
K-1 forms at the rate of $1,100 per year, for a total of $3,300,
plus out-of-pocket expenses, which may include long distance phone
calls and copy costs.  

Mr. Rohrs requests approval of this fee arrangement:

      a. the Debtor will, from the assets of the bankruptcy
         estate, pay Mr. Rohrs $100 per hour to examine and review

         the Debtor's financial records and to recommend any
         changes necessary in order to prepare the Debtor's
         federal and state tax returns for 2013, 2014, and 2015;

      b. the Debtor will, from the assets of the bankruptcy
         estate, pay Mr. Rohrs $1,100 per year for the preparation

         of federal and state tax returns for the years 2013,
         2014, and 2015; and

      c. Mr. Rohrs will provide billing statements to the U.S.
         Trustee and to the unsecured creditors' committee, should

         one be formed.

Mr. Rohrs assures the Court that he is a disinterested party as
defined by 11 U.S.C. Section 101(14), representing no interest
adverse to the Debtor or the Debtor's estate on the matters upon
which he is to be engaged.

The accountants can be reached at:

         Gary C. Rohrs, EA ABA ATA RRA
         A. Clyde Rohrs & Associates, Inc. as
         1520 E. 23rd Street, Suite F, P.O. Box 479
         Independence, MO 64051-0479
         Tel: (816) 836-8270
         E-mail: grohrs@gmail.com

GoldStar Solutions, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Mo. Case No. 16-40843) on April 1,
2016.  The Debtor is represented by Colin N. Gotham, Esq., at Evans
& Mullinix, PA.


GOODRICH PETROLEUM: Creditors' Panel Hires Akin Gump as Counsel
---------------------------------------------------------------
The Official Joint Committee of Unsecured Creditors of Goodrich
Petroleum Corporation, et al., seeks authorization from the U.S.
Bankruptcy Court for the Southern District of Texas to retain Akin
Gump Strauss Hauer & Feld LLP as counsel to the Committee, nunc pro
tunc to April 27, 2016.

The Committee requires Akin Gump to:

   (a) advise the Committee with respect to its rights, duties,
       and powers in the Debtors' Chapter 11 cases;

   (b) assist and advise the Committee in its consultations and
       negotiations with the Debtors relative to the
       administration of the Debtors' Chapter 11 cases;

   (c) assist the Committee in analyzing the claims of the
       Debtors' creditors and the Debtors' capital structure and
       in negotiating with holders of claims and equity
       interests;

   (d) assist the Committee in its investigation of the acts,
       conduct, assets, liabilities, and financial condition of
       the Debtors and their insiders, and of the operation of
       the Debtor's business;

   (e) assist the Committee in its analysis of, and negotiations
       with, the Debtors or any third party concerning matters
       related to, among other things, the assumption or
       rejection of certain leases of non-residential real
       property and executor contracts, asset dispositions,
       financing of other transactions, and the terms of one or
       more plans of reorganization for the Debtors and
       accompanying disclosure statements and related plan
       documents;

   (f) assist and advise the Committee as to its communications
       to the general creditor body regarding significant matters
       in the Debtors' Chapter 11 cases;

   (g) represent the Committee at all hearings and other
       proceedings before this Court;

   (h) review and analyze applications, orders, statements of
       operations, and schedules filed with the Court and advise
       the Committee as to their propriety, and to the extent
       deemed appropriate by the Committee, support, join, or
       object thereto;

   (i) advise and assist the Committee with respect to any
       legislative, regulatory, or governmental activities;

   (j) assist the Committee in preparing pleadings and
       applications as may be necessary in furtherance of the
       Committee's interests and objectives;

   (k) assist the Committee in its review and analysis of all of
       the Debtor's various agreements;

   (l) prepare, on behalf of the Committee, any pleadings,
       including without limitations, motions, memoranda,
       complaints, adversary complaints, objections, or comments
       in connection with any matter related to the Debtors or
       the Debtors' Chapter 11 cases;

   (m) investigate and analyze any claims against the Debtors'
       non-debtor affiliates; and

   (n) perform such other legal services as may be required or
       are otherwise deemed to be in the interests of the
       Committee in accordance with the Committee's powers and
       duties as set forth in the Bankruptcy Code, Bankruptcy
       Rules, or other applicable law.

Akin Gump will be paid at these hourly rates:

     Fred S. Hodara                  $1,325
     Sarah Link Schultz              $1,050
     Charles R. Gibbs                $1,175
     Sarah J. Crow                   $770
     Anthony Loring                  $455
     Partners                        $800-$1,425
     Senior Counsel and Counsel      $740-$905
     Associates                      $455-$825
     Paraprofessionals               $210-$375

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

Sarah Link Schultz, partner of the law firm of Akin Gump Strauss
Hauer & Feld LLP, assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14) of
the Bankruptcy Code and does not represent any interest adverse to
the Debtors and their estates.

Akin Gump can be reached at:

     Sarah Link Schultz, Esq.
     Akin Gump Strauss Hauer & Feld LLP
     1700 Pacific Avenue, Suite 4100
     Dallas, TX 75201
     Tel: (214) 969-2800
     Fax: (214) 969-4343

                      About Goodrich

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

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

Goodrich estimated $50 million to $100 million in assets and $500
million to $1 billion in liabilities.  The petition was signed by
Robert C. Turnham, Jr., president and chief operating officer.
Bankruptcy Judge Marvin Isgur presides over the case.

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


GRADE-CO LLC: Hires Baker & Assoc. as Chapter 11 Counsel
--------------------------------------------------------
Grade-Co, LLC, seeks authority from the U.S. Bankruptcy Court for
the Southern District of Texas to employ Reese W. Baker and Baker &
Associates as counsel to the Debtor.

Grade-Co, LLC requires Baker to:

   a. analyze the financial situation, and rendering advise and
      assistance to the Debtor;

   b. advise the Debtor with respect to its duties as a debtor;

   c. prepare and file all appropriate petitions, schedules of
      assets and liabilities, statements of affairs, answers,
      motions and other legal papers;

   d. represent the Debtor at the first meeting of creditors and
      such other services as may be required during the course of
      the bankruptcy proceedings;

   e. represent the Debtor in all proceedings before the Court
      and in any other judicial or administrative proceeding
      where the rights of the Debtor may be litigated or
      otherwise affected;

   f. prepare and file Disclosure Statement and Chapter 11 Plan
      of Reorganization; and

   g. assist the Debtor in any matters relating to or arising out
      of the Chapter 11 case.

Baker will be paid at these hourly rates:

     Attorneys

   Reese W. Baker            $450
   Patrick Gilpin, Jr.       $350
   Karen Rose                $ 300

     Of Counsel

   Richard Brady             $450

     Paralegals

   Melanie Bolls             $150
   Krista Beerbower          $100
   Tammy Chandler            $125
   Amanda Gieesta            $125
   Gabby Martinez            $125
   Susanne Taylor            $150
   Angela Harpin             $150

The total pre-petition fees and expenses are $1,839.50. Baker
received a cashiers check for $1,800 and a promissory note from
Debtor for $2,000 for the pre-petition amounts. Baker has applied
$1,839.50 to pre-petition fees and expenses and $1,717 to the
filing fee. Baker has retained $161.50 of the promissory note for
post petition services.

The Debtor has agreed to provide an ongoing deposit to Baker of
$1,000 a month to be held by Baker in its IOLTA account pending
approval of the fees and expenses by this Court.

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

Reese W. Baker, member of Baker & Associates, 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.

Baker can be reached at:

     Reese W. Baker, Esq.
     BAKER & ASSOCIATES
     5151 Katy Freeway Ste. 200
     Houston, TX 77002
     Tel: (713) 869-9200
     Fax: (713) 869-9100

                       About Grade-Co, LLC

Grade-Co, LLC, filed for Chapter 11 bankruptcy protection (Bankr.
S.D. Tex. Case No. 16-32405) on May 5, 2016. The petition was
signed by Carl Mittelstedt, managing member.

The Debtor estimated assets of $100,001 to $500,000 and estimated
debts of $100,001 to $500,000.


HALCON RESOURCES: Receives Noncompliance Notice from NYSE
---------------------------------------------------------
Halcon Resources Corporation was notified by the New York Stock
Exchange that the average closing price of its common stock had
fallen below $1.00 per share over a period of 30 consecutive
trading days, which is the minimum average share price required by
the NYSE under Section 802.01C of the NYSE Listed Company Manual.
As of May 24, 2016, the 30 trading-day average closing price of the
Company's common stock was $0.98 per share.

The Company has notified the NYSE that it intends to cure the
deficiency and to return to compliance with the NYSE continued
listing requirement.  The Company has six months following receipt
of the notification to regain compliance with the minimum share
price requirement.  The Company can regain compliance at any time
during the six-month cure period if its common stock has a closing
share price of at least $1.00 on the last trading day of any
calendar month during the period and also has an average closing
share price of at least $1.00 over the 30-trading day period ending
on the last trading day of that month or on the last day of the
cure period.

The notice has no immediate impact on the listing of the Company's
common stock, which will continue to be listed and traded on the
NYSE during this period, subject to the Company's compliance with
other listing standards, under the symbol "HK."

                    About Halcon Resources

Halcon Resources Corporation acquires, produces, explores and
develops onshore liquids-rich assets in the United States.  This
independent energy company operates in the Bakken/Three Forks, El
Halcon and Tuscaloosa Marine Shale formations.

Halcon Resources reported a net loss available to common
stockholders of $2 billion on $550.27 million of total operating
revenues for the year ended Dec. 31, 2015, compared to net income
available to common stockholders of $283 million on $1.14 billion
of total operating revenues for the year ended Dec. 31, 2014.

                           *     *      *

As reported by the TCR on Jan. 27, 2015, Moody's Investors Service
downgraded Halcon's Corporate Family Rating to 'Caa1' from 'B3'
and the Probability of Default Rating to 'Caa1-PD' from 'B3-PD'.
The downgrade reflects growing risk for Halcon's business profile
because of high financial leverage and limited liquidity as its
existing hedges roll-off and stop contributing to its borrowing
base over the next 12-18 months.

In September 2015, Standard & Poor's Ratings Services lowered its
corporate credit rating on Oklahoma City-based Halcon Resource
Corp. to 'SD' (selective default) from 'B-'.  "The downgrade
follows Halcon's announcement that it reached an agreement with
holders of portions of its senior unsecured notes to exchange the
notes for new senior secured third-lien notes," said Standard &
Poor's credit analyst Ben Tsocanos.


HARLAND CLARKE: Moody's Assigns B1 Rating to Proposed Term Loan
---------------------------------------------------------------
Moody's Investors Service assigned a B1 rating to Harland Clarke
Holdings Corp.'s proposed $800 million term loan B-5 due December
2019 and the corporate family rating (CFR) is unchanged at B2. The
existing term loan B-2, B-3, and B-4 and senior secured notes due
in 2018 and 2020 are unchanged at B1 and the senior unsecured notes
due 2021 are unchanged at Caa1. The outlook is stable.

Moody's said, "The use of proceeds is expected to be the repayment
of the $452 million term loan B-2 due June 2017 and $310 million of
the $698 million term loan B-3 due May 2018 in addition to OID and
transaction fees. We expect the company will look to refinance the
balance of the term loan B-3 and the $270 million senior secured
notes due August 2018 going forward. The maturity date of the term
loan B-5 is December 31, 2019, but will be June 1, 2018 if the 2018
secured notes are outstanding as of that date. The term loan B-5
will also have a required 10% annual amortization payment. The
existing rating of the term loan B-2 will be withdrawn upon
repayment."

The following is a summary of today's rating actions:

Issuer: Harland Clarke Holdings Corp.

Proposed $800 million term loan B-5 due December 2019, assigned at
B1 (LGD3)

Existing term loan B-2 due June 2017, unchanged at B1 (LGD3)

Existing term loan B-3 due April 2018, unchanged at B1 (LGD3)

Existing term loan B-4 due August 2019, unchanged at B1 (LGD3)

Existing senior secured notes due August 2018, unchanged at B1
(LGD3)

Existing senior secured notes due March 2020, unchanged at B1
(LGD3)

Existing senior unsecured notes due March 2021, unchanged at Caa1
(LGD5)

Corporate Family Rating, unchanged at B2

Probability of Default Rating, unchanged at B2-PD

Speculative Grade Liquidity Rating, withdrawn at SGL-2

Outlook Rating, remains at Stable

RATINGS RATIONALE

Moody's said, "Harland Clarke's B2 corporate family rating (CFR)
reflects our ongoing concern that the combined business model is
subject to secular decline in both its check printing and
Valassis's print based advertising model. While the decline in
checks has moderated over the past few years, we expect the
business to remain in secular decline due to new and evolving
payment alternatives. The Valassis segment faces pressure from the
secular demand shift of advertisers' marketing spend and
distribution to Internet-based / digital media channels, as well as
the ensuing pricing pressure on traditional print-based media. We
anticipate secular pressures to be moderate in the near term as
there will be demand for both products for an extended period of
time, but pressure has the potential to increase over time. The
Scantron division, which is the smallest division, is also expected
to remain under pressure due to the maturity of its form products.
The ratings reflect the company's leverage of 4.6x for the LTM
ended Q1 2016 including Moody's standard adjustments. The history
of sponsor friendly and related party transactions is also
reflected in the rating. Debt maturities in 2018 and 2019 pro-forma
for the proposed transaction lead to elevated refinancing risk and
have the potential to cause negative rating action if not addressed
one year prior to maturity.

"Harland Clarke has a good track record of mitigating volume
declines with price increases and costs savings, but we remain
concerned these efforts will not be sufficient to prevent top line
erosion if check volume declines should accelerate in the future.
The acquisition of Valassis has enabled Harland Clarke to diversify
its business lines and expand its customer base for which Valassis
provides advertising and media delivery campaigns via its Shared
Mail, Neighborhood Targeted, Freestanding Inserts, and Digital
Media businesses. Digital Media is expected to be an increased
focus for the company going forward. Moody's considers client spend
to be cyclical but believes the consumer value-oriented nature of
the product offerings (including promotions and coupons) somewhat
dampens the cyclicality since advertisers often reallocate
marketing budgets to this type of advertising during economic
downturns. Harland Clarke has achieved meaningful operational cost
synergies as a result of the acquisition and we anticipate
additional costs savings to be realized over the next year. The
ratings are also supported by the company's good cash flow
generation from its portfolio of businesses, EBITDA margins of 21%,
and the 10% debt amortization requirement on the proposed term loan
B-5 and 2.5% requirement on the B-3 and B-4 which accelerates debt
repayment.

"The stable outlook reflects our expectation that Harland Clarke
will continue to generate good cash flow over the next 12 -18
months, seek to reinvest cash through acquisitions and investments,
and utilize cash to fund required term loan amortization payments.
We also expect total leverage will be in the low to mid 4x level
over the next twelve months aided by required debt repayments."

Harland Clarke is expected to have good liquidity due to good free
cash flow and a cash balance of $28 million as of Q1 2016. The
company also has a $150 million asset backed revolver with $128
million of availability after accounting for a $10 million draw and
$12 million of L/Cs outstanding as of Q1 2016. The asset back
revolver matures in February 2018 and has a springing maturity to
March 31, 2017 if the term loan B-2 is still outstanding, but the
proposed term loan B-5 should repay the term loan B-2 and remove
this condition. Interest coverage ratios are expected to be above
2.5x going forward. The term loans are covenant lite.

Moody's said, "We anticipate the company will look to extend the
maturity date of the revolver and the remaining term loan B-3 due
in May 2018 ($388 million pro-forma for the transaction), term loan
B-4 due August 2019 ($566 million), and the $270 million of secured
notes due August 2018. Inability to refinance its debt in advance
of one year prior to maturity could lead us to reassess the
company's liquidity position."

An upgrade is not anticipated in the near term given the
refinancing risks. Ratings could be upgraded if the company
demonstrates stable organic revenue and EBITDA trends and leverage
declines below 4x on a sustained basis with all near term
maturities addressed. Confidence that the company would maintain
financial policies that keep leverage below 4x on an ongoing basis
would also be required.

Failure to address approaching maturities in advance of one year
prior to maturity could lead to a downgrade. A downgrade could also
occur if results suffer from accelerated deterioration in price or
volume in its check business, demand and/ or pricing for Valassis's
print-based marketing products erode at a faster-than-expected
pace, a loss of market share, debt funded acquisitions, or
distributions to the parent company that result in debt-to-EBITDA
increasing above 5.5x. A weak liquidity position could also lead to
a downgrade.

Harland Clarke Holdings Corp., headquartered in San Antonio, TX, is
a provider of check and check related products, direct marketing
services and customized business and home office products to
financial services, retail and software providers as well as
consumers and small businesses, and through its Scantron division,
data collection, testing products, scanning equipment and tracking
services to educational, commercial, healthcare and government
entities. M&F Worldwide Corp. ("M&F") acquired check and related
product provider Clarke American Corp. in December 2005 for $800
million and subsequently acquired the John H. Harland Company in
May 2007 for $1.4 billion. M&F merged the two companies to form
Harland Clarke. M&F's remaining publicly traded shares were
acquired by portfolio company, MacAndrews & Forbes Holdings, Inc.
("MacAndrews") on December 21, 2011. MacAndrews is wholly owned by
Ronald O. Perelman. Harland Clarke acquired Valassis
Communications, Inc. ("Valassis") on February 4, 2014. Reported
revenue for the last twelve months ending March 31 2016 was $3.4
billion.


HCSB FINANCIAL: Strategic Value Reports 8.28% Stake as of April 16
------------------------------------------------------------------
In a Schedule 13G filed with the Securities and Exchange
Commission, Strategic Value Investors, LP, Ben Mackovak, Marty
Adams, Umberto Fedeli and Strategic Value Bank Partners LLC,
disclosed that as of April 16, 2016, they beneficially own
30,100,000 shares of common stock of HCSB Financial Corporation
representing 8.28 percent of the shares outstanding.  A copy of the
regulatory filing is available for free at:

                     https://is.gd/EV0VqB

                     About HCSB Financial

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

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

As of March 31, 2016, HCSB Financial had $363 million in total
assets, $378 million in total liabilities and a total shareholders'
deficit of $14.6 million.

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


HERCULES OFFSHORE: Chapter 22 Highlights Drillers' Pain
-------------------------------------------------------
John E. Morris, writing for Bloomberg Brief, reported that Hercules
Offshore Inc.'s return to bankruptcy less than seven months after
it exited shows the challenges facing other offshore drillers like
Transocean Ltd. and Ensco Plc.

"That speaks to how difficult the offshore drilling business is
these days," Spencer Cutter, Bloomberg Intelligence energy industry
credit analyst, said.  Demand for drilling is down and there is a
backlog of new rigs ordered in 2013 and 2014 ready for delivery,
"right when they need it the least," Cutter told the news agency.

According to the report, Hercules said May 27 that it plans to file
a prepackaged Chapter 11 by June 6 and liquidate.  It will apply
$200 million of cash in escrow toward the principal and interest
owed under its revolver, but that won't cover the $579 million
outstanding to first-lien creditors, the report related.  They will
have to look to the proceeds of asset sales for the remainder.
Hercules will transfer its right to one rig to a customer, which
will make a final $196 million payment to the manufacturer, the
report further related.

                      About Hercules Offshore

Headquartered in Houston, Hercules Offshore, Inc. --
http://www.herculesoffshore.com/-- operates a fleet of 27 jackup
rigs, including one rig under construction, and 21 liftboats. The
Company offers a range of services to oil and gas producers to meet
their needs during drilling, well service, platform inspection,
maintenance, and decommissioning operations in several key shallow
water provinces around the world.

On Aug. 13, 2015 Hercules Offshore and 14 affiliated debtors each
filed a voluntary petition for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Lead Case No. 15-11685) in the U.S.
Bankruptcy Court for the District of Delaware.  The cases are
pending before the Honorable Kevin J. Carey.

The Debtors tapped Baker Botts LLP as counsel; Morris, Nichols,
Arsht & Tunnell, as local counsel; Andrews Kurth LLP, as general
corporate counsel; Lazard Freres & Co. LLC, as investment banker,
Alvarez & Marsal, as restructuring advisor; and Prime Clerk, LLC,
as claims and noticing agent.

The Steering Group of Holders of Senior Notes is represented by
Akin Gump Strauss Hauer & Feld LLP's Arik Preis, Esq., and Michael
S. Stamer, Esq.

HERO disclosed $546 million in assets and $1.306 billion in debt as
of Aug. 11, 2015.

                           *     *     *

The Debtors on the Petition Date filed a pre-packaged Chapter 11
plan that would convert $1.2 billion of outstanding senior notes to
96.9% of new common equity.

The Debtors notified the U.S. Bankruptcy Court for the District of
Delaware that Effective Date of their Joint Prepackaged Plan of
Reorganization occurred on Nov. 6, 2015.

On Sept. 24, 2015, the Court approved the Debtors' solicitation and
Disclosure Statement; and confirmed the Prepackaged Plan.


HORSEHEAD HOLDING: Equity Committee Taps Nastasi as Co-Counsel
--------------------------------------------------------------
The official committee of equity security holders of Horsehead
Holding Corp. seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to hire Nastasi Partners as its bankruptcy
co-counsel.

The equity committee tapped the firm to provide these services:

     (a) advising the committee about its rights, powers and
         duties in the Chapter 11 cases of Horsehead Holding and
         its affiliates;

     (b) assisting and advising the committee in its consultations

         with the Debtors relative to the administration of their
         cases;

     (c) assisting the committee in analyzing the claims of the  
         Debtors' creditors and in negotiating with those
         creditors;

     (d) assisting the committee in its investigation of the acts,

         conduct, assets, liabilities and financial condition of
         the Debtors and the operation of their businesses;

     (e) assisting the committee in its analysis of, and
         negotiations with, the Debtors or their creditors
         concerning matters related to any plan of reorganization
         or liquidation and section 363 sale; and

     (f) preparing legal papers.

The firm's professionals and their current hourly rates are:

     Ancela R. Nastasi    Partner      $925
     William S. Katchen   Counsel      $895
     Marshall E. Tracht   Of Counsel   $650
     Moshie Solomon       Of Counsel   $525

Ancela Nastasi, Esq., at Nastasi Partners, disclosed in a court
filing that the firm is a " disinterested person" as defined in
section 101(14) of the Bankruptcy Code.

As required by the U.S. Trustee Guidelines for reviewing
applications for compensation and reimbursement of expenses filed
by attorneys in larger Chapter 11 cases, Nastasi Partners made
these disclosures:

     (a) The firm advised the equity committee that its fees will
         be commensurate with the fees charged to its other
         clients and fees charged in cases of similar size.

     (b) None of the professionals included in the engagement
         varies his or her rate based on the geographic location
         of the bankruptcy case.

     (c) The firm did not represent the committee prior to the
         date of its formation, except that it represented
         Aquamarine Capital, a committee member, prior to its
         formation and such representation already concluded.

     (d) Nastasi Partners intends to produce budgets and staffing
         plans that are agreeable to the firm and the committee as

         soon as practicable.

Nastasi Partners can be reached through:

     Ancela R. Nastasi
     William S. Katchen
     Moshie Solomon
     Marshall E. Tracht
     Nastasi Partners
     77 Water Street, 8th Floor
     New York, New York 10005
     Telephone: (212) 744-5800
     Email: ancela@nastasipartners.com
            bill@nastasipartners.com
            moshie@nastasipartners.com
            marshall@nastasipartners.com

                  About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a leading recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC ("INMETCO"), a
leading recycler of metals-bearing wastes and a leading processor
of nickel-cadmium (NiCd) batteries in North America; and Zochem
Inc., a zinc oxide producer located in Brampton, Ontario.
Horsehead, headquartered in Pittsburgh, Pa., has seven facilities
throughout the U.S. and Canada.  The Debtors currently employ
approximately 730 full-time individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016.  The
Petition was signed by Robert D. Scherich as vice president and
chief financial officer.  Judge Christopher S. Sontchi is assigned
to the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million.  As of the Petition Date, the
Debtors' consolidated long-term debt obligations totalled
approximately $420.7 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel.  The Unsecured Creditors Committee is represented
by:

          Kenneth A. Rosen, Esq.
          Bruce Buechler, Esq.
          Philip J. Gross, Esq.
          LOWENSTEIN SANDLER LLP
          65 Livingston Avenue
          Roseland, NJ 07068
          Telephone: (973)597-2500
          Facsimile: (973)597-6247
          E-mail: krosen@lowenstein.com
                  bbuechler@lowenstein.com
                  pgross@lowenstein.com

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.


HORSEHEAD HOLDING: Equity Committee Taps SSG as Financial Advisor
-----------------------------------------------------------------
The official committee of equity security holders of Horsehead
Holding Corp. seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to hire SSG Capital Advisors, LLC as its
financial advisor.

The equity committee tapped the firm to provide these services:

     (a) reviewing and analyzing the Debtors' business,
         operations, short term cash flow and projections;

     (b) preparing an enterprise valuation of the Debtors
         business;

     (c) analyzing valuations prepared by the Debtors, the
         official committee of unsecured creditors or any other
         party;

     (d) analyzing restructuring and other strategic alternatives
         available;

     (e) evaluating the potential debt capacity for the operation
         taking into consideration asset and collateral values and

         the projected cash flows;

     (f) assisting in the determination of the capital structure
         on an alternative plan of reorganization;

     (g) advising the equity committee on tactics and strategies
         for negotiating with the Debtors and all stakeholders;

     (h) assisting the equity committee in attempts to raise new
         debt and equity to facilitate an alternative plan of
         reorganization;

     (i) assisting the equity committee in marketing some or all
         of the assets of the Debtors to potential purchasers or
         in raising financing for and structuring a potential bid
         for those assets;

     (j) rendering financial advice to the equity committee and
         participating in meetings or negotiating with the Debtors

         and all other stakeholders in connection with any
         restructuring or strategic alternatives;

     (k) reviewing financial related disclosures made by the
         Debtors;

     (l) assessing and monitoring the Debtors' short term cash
         flow, liquidity and operating results;

     (m) assisting the equity committee in the prosecution of
         responses or objections to the motions filed by the
         Debtors, creditors’ committee or other stakeholders;
         and

     (n) if and as requested, providing expert reports or
         testimony, and litigation support services.

SSG Capital's hourly billing rates are:

     Managing Directors   $900
     Directors            $750
     Vice-Presidents      $650
     Associates           $400
     Analysts             $300

The firm will receive reimbursement for work-related expenses and
will be entitled to indemnification.

J. Scott Victor, managing director of SSG Capital, disclosed in a
court filing that the firm is a "disinterested person" as defined
in section 101(14) of the Bankruptcy Code.

SSG Capital can be reached through:

     J. Scott Victor
     Managing Director
     SSG Capital Advisors, LLC
     Five Tower Bridge, Suite 420
     300 Barr Harbor Drive
     West Conshohocken, PA 19428

                  About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a leading recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC ("INMETCO"), a
leading recycler of metals-bearing wastes and a leading processor
of nickel-cadmium (NiCd) batteries in North America; and Zochem
Inc., a zinc oxide producer located in Brampton, Ontario.
Horsehead, headquartered in Pittsburgh, Pa., has seven facilities
throughout the U.S. and Canada.  The Debtors currently employ
approximately 730 full-time individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016.  The
Petition was signed by Robert D. Scherich as vice president and
chief financial officer.  Judge Christopher S. Sontchi is assigned
to the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million.  As of the Petition Date, the
Debtors' consolidated long-term debt obligations totalled
approximately $420.7 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel.  The Unsecured Creditors Committee is represented
by:

          Kenneth A. Rosen, Esq.
          Bruce Buechler, Esq.
          Philip J. Gross, Esq.
          LOWENSTEIN SANDLER LLP
          65 Livingston Avenue
          Roseland, NJ 07068
          Telephone: (973)597-2500
          Facsimile: (973)597-6247
          E-mail: krosen@lowenstein.com
                  bbuechler@lowenstein.com
                  pgross@lowenstein.com

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.


HORSEHEAD HOLDING: Equity Panel Taps Richards Layton as Co-Counsel
------------------------------------------------------------------
The official committee of equity security holders of Horsehead
Holding Corp. seeks approval from the U.S. Bankruptcy Court for the
District of Delaware to hire Richards, Layton & Finger P.A. as its
co-counsel.

The equity committee tapped the firm to provide these services:

     (a) advising the committee about its rights, powers and
         duties in the Chapter 11 cases of Horsehead Holding and
         its affiliates;

     (b) assisting and advising the committee in its consultations

         with the Debtors relative to the administration of their
         cases;

     (c) assisting the committee in analyzing the claims of the  
         Debtors' creditors and in negotiating with those
         creditors;

     (d) assisting the committee in its investigation of the acts,

         conduct, assets, liabilities and financial condition of
         the Debtors and the operation of their businesses;

     (e) assisting the committee in its analysis of, and
         negotiations with, the Debtors or their creditors
         concerning matters related to any plan of reorganization
         or liquidation and section 363 sale; and

     (f) preparing legal papers.

The firm's professionals and their current hourly rates are:

     Mark D. Collins         Director     $850
     Robert J. Stearn, Jr.   Director     $775
     Russell C. Silberglied  Director     $750
     Robert C. Maddox        Associate    $510
     Amanda R. Steele        Associate    $465
     Brendan J. Schlauch     Associate    $360
     Barbara J. Witters      Paralegal    $240

Mark Collins, Esq., at Richards Layton, disclosed in a court filing
that the firm is a " disinterested person" as defined in section
101(14) of the Bankruptcy Code.

As required by the U.S. Trustee Guidelines for reviewing
applications for compensation and reimbursement of expenses filed
by attorneys in larger Chapter 11 cases, Richards Layton made these
disclosures:

     (a) The firm advised the equity committee that its fees will
         be commensurate with the fees charged to its other
         clients and fees charged in cases of similar size.

     (b) None of the professionals included in the engagement
         varies his or her rate based on the geographic location
         of the bankruptcy case.

     (c) The firm did not represent the equity committee prior to
         the Debtors' bankruptcy filing although it previously
         represented Aquamarine Capital, one of the committee
         members.  The firm ceased representing the company upon
         the appointment of the committee.

     (d) The firm, in conjunction with the equity committee and
         Nastasi Partners, is developing a prospective budget and
         staffing plan for the bankruptcy cases.

Richards Layton can be reached through:

     Mark D. Collins, Esq.
     Robert J. Stearn, Jr., Esq.
     Russell C. Silberglied, Esq.
     Amanda R. Steele, Esq.
     Brendan J. Schlauch, Esq.
     Richards, Layton & Finger P.A.
     One Rodney Square
     920 North King Street
     Wilmington, DE 19801
     Telephone: (302) 651-7700
     Email: collins@rlf.com
            stearn@rlf.com
            silberglied@rlf.com
            steele@rlf.com
            schlauch@rlf.com

                  About Horsehead Holding Corp.

Horsehead Holding Corp. is the parent company of Horsehead
Corporation, a U.S. producer of specialty zinc and zinc-based
products and a leading recycler of electric arc furnace dust; The
International Metals Reclamation Company, LLC ("INMETCO"), a
leading recycler of metals-bearing wastes and a leading processor
of nickel-cadmium (NiCd) batteries in North America; and Zochem
Inc., a zinc oxide producer located in Brampton, Ontario.
Horsehead, headquartered in Pittsburgh, Pa., has seven facilities
throughout the U.S. and Canada.  The Debtors currently employ
approximately 730 full-time individuals.

Horsehead Holding Corp., Horsehead Corporation, Horsehead Metal
Products, LLC, The International Metals Reclamation Company, LLC,
and Zochem Inc. filed Chapter 11 bankruptcy petitions (Bankr. D.
Del. Case Nos. 16-10287 to 16-10291) on Feb. 2, 2016.  The
Petition was signed by Robert D. Scherich as vice president and
chief financial officer.  Judge Christopher S. Sontchi is assigned
to the case.

The Debtors have engaged Kirkland & Ellis LLP as general counsel,
Pachulski Stang Ziehl & Jones LLP as local counsel, RAS Management
Advisors, LLC as financial advisor, Lazard Middle Market LLC as
investment banker, Epiq Bankruptcy Solutions, LLC as claims and
noticing agent and Aird & Berlis LLP as Canadian counsel.

The Debtors disclosed total assets of $1 billion and total
liabilities of $544.6 million.  As of the Petition Date, the
Debtors' consolidated long-term debt obligations totalled
approximately $420.7 million.

Andrew Vara, acting U.S. trustee for Region 3, appointed seven
creditors of Horsehead Holding Corp. to serve on the official
committee of unsecured creditors. Lowenstein Sandler LLP serves as
counsel to the Committee, while Drinker Biddle & Reath LLP serves
as co-counsel.  The Unsecured Creditors Committee is represented
by:

          Kenneth A. Rosen, Esq.
          Bruce Buechler, Esq.
          Philip J. Gross, Esq.
          LOWENSTEIN SANDLER LLP
          65 Livingston Avenue
          Roseland, NJ 07068
          Telephone: (973)597-2500
          Facsimile: (973)597-6247
          E-mail: krosen@lowenstein.com
                  bbuechler@lowenstein.com
                  pgross@lowenstein.com

The U.S. Trustee's office appointed Aquamarine Capital and six
others to serve on Horsehead Holding Corp.'s committee of equity
security holders.


HOVNANIAN ENTERPRISES: Incurs $8.5 Million Net Loss in Q2
---------------------------------------------------------
Hovnanian Enterprises, Inc., filed with the Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $8.46 million on $655 million of total revenues for the three
months ended April 30, 2016, compared to a net loss of $19.6
million on $469 million of total revenues for the same period in
2015.

For the six months ended April 30, 2016, Hovnanian reported a net
loss of $24.6 million on $1.23 billion of total revenues compared
to a net loss of $33.9 million on $915 million of total revenues
for the six months ended April 30, 2015.

As of April 30, 2016, the Company had $2.51 billion in total
assets, $2.67 billion in total liabilities and a total
stockholders' deficit of $152.32 million.

"After paying $172.7 million for our 6.25% Senior Notes that
matured in January 2016, our homebuilding cash balance at April 30,
2016 decreased $124.7 million from October 31, 2015.  In addition
to paying debt during the period, we spent $303.3 million on land
and land development.  After considering this land and land
development and all other operating activities, including revenue
received from deliveries, we used $31.2 million of cash in
operations.  During the first half of fiscal 2016, cash used in
investing activities was $13.1 million, primarily related to an
investment in a new joint venture.  Cash used in financing
activities was $79.8 million during the first half of fiscal 2016,
which included the payment of our 6.25% Senior Notes discussed
above, slightly offset by net proceeds from land banking.  We
intend to continue to use nonrecourse mortgage financings, model
sale leaseback and land banking programs as our business needs
dictate.

"Our cash uses during the six months ended April 30, 2016 and 2015
were for operating expenses, land purchases, land deposits, land
development, construction spending, financing transactions, debt
payments, state income taxes, interest payments and investments in
joint ventures.  During these periods, we provided for our cash
requirements from available cash on hand, housing and land sales,
financing transactions, debt issuances, our revolving credit
facility, model sale leasebacks, land banking transactions, joint
ventures, financial service revenues and other revenues.  We
believe that these sources of cash will be sufficient through
fiscal 2016 to finance our working capital requirements."

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


                         https://is.gd/8oD0d6

                       About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under
the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton
Homes, Parkwood Builders, Town & Country Homes, Oster Homes and
CraftBuilt Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

Hovnanian Enterprises reported a net loss of $16.1 million on $2.14
billion of total revenues for the year ended Oct. 31, 2015,
compared to net income of $307 million on $2.06 billion of total
revenues for the year ended Oct. 31, 2014.

                           *     *     *

As reported by the TCR on April 22, 2016, Moody's Investors Service
downgraded the Corporate Family Rating of Hovnanian Enterprises,
Inc. to Caa2 and Probability of Default
Rating to Caa2-PD.  The downgrade of the Corporate Family Rating
reflects Moody's expectation that Hovnanian will need to dispose of
assets and seek alternative financing methods in order to meet its
upcoming debt maturity wall.

Hovnanian carries a 'CCC+' corporate credit rating from S&P Global
Ratings.


HOVNANIAN ENTERPRISES: Reports Fiscal 2016 Second Quarter Results
-----------------------------------------------------------------
Hovnanian Enterprises, Inc., reported a net loss of $8.46 million
on $655 million of total revenues for the three months ended April
30, 2016, compared to a net loss of $19.6 million on $469 million
of total revenues for the same period in 2015.

For the six months ended April 30, 2016, Hovnanian reported a net
loss of $24.6 million on $1.23 billion of total revenues compared
to a net loss of $33.9 million on $915 million of total revenues
for the six months ended April 30, 2015.

As of April 30, 2016, the Company had $2.51 billion in total
assets, $2.67 billion in total liabilities and a total
stockholders' deficit of $152 million.

After paying off $233.5 million of debt that matured in October
2015 and January 2016, total liquidity at the end of the second
quarter of fiscal 2016 was $125.6 million.

During the second quarter of fiscal 2016, land and land development
spending was $186.7 million compared with $108.1 million in last
year's second quarter and $116.6 million during the first quarter
of fiscal 2016.

As of April 30, 2016, the land position, including unconsolidated
joint ventures, was 34,997 lots, consisting of 15,622 lots under
option and 19,375 owned lots, compared with a total of 37,140 lots
as of April 30, 2015.

During the second quarter of fiscal 2016, approximately 800 lots,
including unconsolidated joint ventures, were put under option or
acquired in 22 communities.

"While our revenue grew 40% and Adjusted EBITDA increased over
220%, as we said last quarter, we remain focused on deleveraging
our balance sheet and maximizing our profitability rather than on
additional growth," stated Ara K. Hovnanian, chairman of the Board,
president and chief executive officer.  "Along with increasing our
land and land development spend during the second quarter to $187
million, we have taken the steps we outlined in March to increase
our cash position and paid off the $87 million principal amount of
debt that matured on May 15, 2016.  Since October 15, 2015, we have
paid off $320 million of debt.  More importantly, we continue to
believe that we will have the liquidity to pay off the remaining
debt maturities through the end of 2017.  We are certain that we
are taking the correct steps that will best position our company
for future success.  While it is discouraging to report a loss for
the first half of fiscal 2016, it is nevertheless a significantly
reduced loss, and we anticipate our profitability in the second
half of the year will more than offset this loss."

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

                        https://is.gd/DALged

                    About Hovnanian Enterprises

Red Bank, New Jersey-based Hovnanian Enterprises, Inc. (NYSE: HOV)
-- http://www.khov.com/-- founded in 1959 by Kevork S. Hovnanian,
is one of the nation's largest homebuilders with operations in
Arizona, California, Delaware, Florida, Georgia, Illinois,
Kentucky, Maryland, Minnesota, New Jersey, New York, North
Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and
West Virginia.  The Company's homes are marketed and sold under
the trade names K. Hovnanian Homes, Matzel & Mumford, Brighton
Homes, Parkwood Builders, Town & Country Homes, Oster Homes and
CraftBuilt Homes.  As the developer of K. Hovnanian's Four Seasons
communities, the Company is also one of the nation's largest
builders of active adult homes.

Hovnanian Enterprises reported a net loss of $16.1 million on
$2.14
billion of total revenues for the year ended Oct. 31, 2015,
compared to net income of $307 million on $2.06 billion of total
revenues for the year ended Oct. 31, 2014.

As of Jan. 31, 2016, Hovnanian had $2.55 billion in total assets,
$2.69 billion in total liabilities and a $143 million total
stockholders' deficit.

                           *     *     *

As reported by the TCR on April 22, 2016, Moody's Investors Service
downgraded the Corporate Family Rating of Hovnanian Enterprises,
Inc. to Caa2 and Probability of Default
Rating to Caa2-PD.  The downgrade of the Corporate Family Rating
reflects Moody's expectation that Hovnanian will need to dispose of
assets and seek alternative financing methods in order to meet its
upcoming debt maturity wall.

Hovnanian carries a 'CCC+' corporate credit rating from S&P Global
Ratings.


HUFFMAN CONSTRUCTION: Taps Barron and Barron as Bankr. Counsel
--------------------------------------------------------------
Huffman Construction, Inc., asks for authorization from the U.S.
Bankruptcy Court for the Eastern District of Texas to employ Barron
and Barron, L.L.P. as Chapter 11 counsel to:

      (a) take all necessary actions to protect and preserve the
          bankruptcy estate, including prosecution of actions on
          its behalf, defense of any actions commenced against it,

          negotiations concerning all litigation in which it is
          involved, and objecting to claims;

      (b) prepare on behalf of the Debtor all necessary motions,
          applications, answers, orders, reports, and papers in
          connection with the administration of the estate; AND

      (c) formulate, negotiate, and propose a plan of
          reorganization, if justified; and

      (d) perform all other necessary legal services in connection

          with these proceedings.

The Firm will be paid these hourly rates:

          Robert E. Barron, Esq.           $350
          Robert W. Barron, Esq.           $275
          Diane S. Barron, Esq.            $275
          Legal Assistants-Level I          $75
          Legal Assistants-Level II         $50

Robert E. Barron, Esq., managing partner at the Firm, assures the
Court that the Firm doesn't have any connection with the Debtor,
its creditors or any other party-in-interest, their respective
attorneys and accountants, the U.S. Trustee, or any person employed
in the office of the U.S. Trustee, and that the Firm is
"disinterested" as that term is defined in 1 U.S.C. Section
101(14).

The Firm can be reached at:

      Robert E. Barron, Esq.
      Barron and Barron, L.L.P.
      2000 Highway 69
      P.O. Box 1347
      Nederland, TX 77627
      Tel: (409) 727-0073
      Fax: (409) 724-7739
      E-mail: ecffiling@rbarronlaw.com
      Website: www.rbarronlaw.com
              
Huffman Construction, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Texas Case No. 16-10220) on May 2, 2016.


IGLESIA MISION CRISTIANA: Taps Tomas G. Diaz as Appraiser
---------------------------------------------------------
Iglesia Mision Cristiana Fuente de Agua Viva, Inc., and Concilio
Mision Cristiana Fuente de Agua Viva, Inc., seek permission from
the U.S. Bankruptcy Court for the District of Puerto Rico to employ
Tomas G. Diaz at Joseph J Blake and Associates, Inc., as
appraiser.

Mr. Diaz will assume the appraisal services for:

      a. the commercial property at 12250 S John Young Parkway,
         Orlando, Florida; and

      b. the property used as a religious facility and excess
         vacant land.

The proposed arrangement of compensation consists of $3,500 to be
paid by the Debtor from their available funds upon the approval of
the application for compensation from the Court.

To the best of the Debtors' knowledge, neither (a) Tomas G. Diaz,
Joseph J Blake and Associates, Inc., nor any of his members or
employees have any connection with the Debtors, creditors, any
other party in interest, their attorneys and accountants, the U.S.
Trustee or any person employed by the U.S. Trustee, or (b)
represents or holds any interest adverse to Debtors or the estate
in the matters upon which Tomas G. Diaz is to be engaged, and (c)
Tomas G. Diaz is a "disinterested" person within the meaning of
Section 101 (14) of the Bankruptcy Code, 11 U.S.C. Section 101
(14).

The Appraiser can be reached at:

      Tomas G. Diaz
      Joseph J Blake and Associates, Inc.
      4000 Ponce de Leon Boulevard, Suite 410
      Miami, FL 33146
      Tel: (305) 448-1663, x-108
           (305) 448-1468
      Fax: (305) 448-7077
      E-mail: tdiaz@josephjblake.com

Iglesia Mision Cristiana Fuente de Agua Viva, Inc. (Bankr. D. P.R.
Case No. 12-07856) and Concilio Mision Cristiana Fuente de Agua
Viva, Inc. (Bankr. D. P.R. Case No. 12-07857) each filed for
Chapter 11 bankruptcy protection on Oct. 2, 2012.  

The Counsel for the Debtors can be reached at:

      Victor Gratacos, Esq.
      GRATACOS LAW FIRM, P.S.C.
      P.O. BOX 7571
      Caguas, P.R. 00726
      Tel: (787) 746-4772
      Fax: (787) 746-3633
      E-mail: bankruptcy@gratacoslaw.com


INTERVENTION ENERGY: EIG's Bid to Dismiss Denied
------------------------------------------------
Judge Kevin J. Carey of the United States Bankruptcy Court for the
District of Delaware denied the motion filed by EIG Energy Fund
XV-A, L.P., to dismiss the Chapter 11 cases of Intervention Energy
Holdings, LLC, and Intervention Energy, LLC.

EIG filed the motion on May 24, 2016, asserting, among other
things, that IE Holdings was not authorized to file the voluntary
petition.  EIG argued that, absent its consent to commence a
Chapter 11 case, IE Holdings lacked authority to file the voluntary
petition under the Intervention Energy Holdings, LLC Second Amended
and Restated Limited Liability Company Agreement, which requires
"approval of all Common Members... [to] commence a voluntary case
under any bankruptcy."

"A provision in a limited liability company governance document
obtained by contract, the sole purpose and effect of which is to
place into the hands of a single, minority equity holder the
ultimate authority to eviscerate the right of that entity to seek
federal bankruptcy relief, and the nature and substance of whose
primary relationship with debtor is that of creditor -- not equity
holder -- and which owes no duty to anyone but itself in connection
with the LLC's decision to seek federal bankruptcy relief, is
tantamount to an absolute waiver of that right, and, even if
arguably permitted by state law, is void as contrary to federal
public policy," said Judge Carey.

The case is In re: INTERVENTION ENERGY HOLDINGS, LLC, et al.,
Debtors, Case No. 16-11247 (KJC)(D.I.27)(Jointly
Administered)(Bankr. D. Del.).

A full-text copy of Judge Carey's June 3, 2016 opinion is available
at http://bankrupt.com/misc/INTERVENTIONENERGY690603.pdf.

                    About Intervention Energy

Intervention Energy Holdings, LLC filed for Chapter 11 protection
(Bankr. D. Del. Case No. 16-11247) on May 20, 2016. The petition
was signed by John R. Zimmerman, president. The Hon Kevin J. Carey
presides over the case.

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

Intervention Energy Holdings listed Statoil Oil & Gas LP as its
largest unsecured creditor holding a trade claim of $3.80 million.


JERRY L. RUSSELL: Plan Confirmation Hearing Set for Aug. 15
-----------------------------------------------------------
Bankruptcy Judge Jerry A. Funk approved the disclosure statement
explaining the plan of reorganization for debtors Jerry L. Russell
and Lynn M. Russell.

The Court set August 15, 2016, as the last day for filing written
acceptances or rejections of the plan.  A confirmation hearing will
be held on August 29, 2016 at 11:00 a.m., in 4th Floor Courtroom 4D
, 300 North Hogan Street, Jacksonville, Florida.

Jerry L. Russell and Lynn M. Russell filed a Chapter 11 petition
(Bankr. M.D. Fla. Case No. 15-01085) on March 13, 2015.


JOHN TRACEY: Unsecured Creditors to Get 2.5% in 5 Years
-------------------------------------------------------
John E. Tracey and Patricia M. Tracey filed with the U.S.
Bankruptcy Court for the Southern District of Florida, West Palm
Beach Division, a disclosure statement proposing to pay general
unsecured creditors a quarterly distribution of approximately 2.5%
of their allowed claims in over five years.

The estimated dollar amount of all general unsecured claims is
$305,934.  The Debtors further propose to fund the payments from
their cash on hand and from wages.  Quarterly payments will be $345
per quarter for years 1-2, and increase to $406.50 per quarter in
years 3-5.

A full-text copy of the Disclosure Statement dated May 31, 2016, is
available at http://bankrupt.com/misc/TRACEYds0531.pdf

The bankruptcy case is In re: JOHN E. TRACEY, PATRICIA M. TRACEY,
Case No. 15-22094-PGH (Bankr. S.D. Fla.).


KING LOGISTICS: Plan Approval Hearing Set for July 14
-----------------------------------------------------
Bankruptcy Judge K. Rodney May entered an order conditionally
approving the disclosure statement, dated May 23, 2016, explaining
King Logistics, LLC's Chapter 11 plan of reorganization.

"Based upon a review of the Disclosure Statement, the court has
determined that the Disclosure Statement contains adequate
information within the meaning of Bankruptcy Code Section 1125 and
should be conditionally approved," Judge May said.

The court will conduct a hearing on confirmation of the Chapter 11
Plan of Reorganization, including timely filed objections to
confirmation, objections to the disclosure statement, motions for
cramdown, applications for compensation, and motions for allowance
of administrative claims on July 14, 2016, at 2:30 p.m., Courtroom
9B, United States Bankruptcy Court, 801 North Florida Avenue,
Tampa, Florida.  

Any written objections to the Disclosure Statement shall be filed
with the court and served on the Local Rule 1007-2 Parties in
Interest List no later than seven days prior to the Confirmation
hearing.  If no objections are filed within the time fixed, the
conditional approval of the Disclosure Statement shall become
final.  Any objections or requests to modify the Disclosure
Statement shall be considered at the Confirmation Hearing.   

Objections to confirmation shall be filed with the court and served
on the Local Rule 1007-2 Parties in Interest List no later than
seven days before the date of the Confirmation Hearing.   

An election of application of Bankruptcy Code Section 1111(b)(2) by
a class of secured creditors may be made at any time prior to the
conclusion of the Confirmation Hearing.  The hearing may be
adjourned from time to time by announcement made in open court
without further notice.  If the Plan is not confirmed, the court
will also consider dismissal or conversion of the case.  

At the hearing, in a small business case, the debtor may seek to
extend the time for confirmation of the plan, pursuant to the
provisions of 11 U.S.C. Section 1121(e).    

In accordance with M.D. Fla. L.B.R. 3018-1(a), the Debtor(s) shall
file a ballot tabulation no later than three days before the date
of the Confirmation Hearing.  

All creditors and parties in interest that assert a claim against
the Debtor which arose after the filing of this case, including all
professionals seeking compensation from the estate of the Debtor
pursuant to Bankruptcy Code Section 330, must file motions or
applications for the allowance of such claims with the court no
later than 14 days after the entry of this Court order.
Applications for payment of administrative expenses will be heard
at same date and time as the Confirmation Hearing if the applicant
has served notice of the hearing on the application (expressly
stating the total amount requested) on all creditors at least 21
days' before the hearing (e.g., 21 days prior to the date of the
Confirmation Hearing).  Any motion or application not noticed in
time to be heard at the Confirmation Hearing will be scheduled for
hearing at a later date.

                      About King Logistics

King Logistics, LLC filed a Chapter 11 petition (Case No.
16-00729)
in the U.S. Bankruptcy Court for the Middle District of Florida
(Tampa) on January 28, 2016.  The case is assigned to Judge K.
Rodney May.  The Debtor has tapped Suzy Tate, P.A. as its legal
counsel.

The Office of the U.S. Trustee disclosed in a filing with the U.S.
Bankruptcy Court for the Middle District of Florida that no
official committee of unsecured creditors has been appointed in
the
Chapter 11 case of King Logistics, LLC.


KIPIN INDUSTRIES: Committee Taps Campbell as Legal Counsel
----------------------------------------------------------
The official committee of unsecured creditors of Kipin Industries,
Inc. seeks approval from the U.S. Bankruptcy Court for the Western
District of Pennsylvania to hire Campbell & Levine, LLC as its
legal counsel.

The committee tapped the firm to:

     (a) give advice about its rights, powers and duties under  
         section 1103 of the Bankruptcy Code;

     (b) advise the committee about the administration of the
         Debtor's Chapter 11 case;

     (c) advise the committee about debtor-in-possession financing

         and cash collateral matters;

     (d) advise the committee about efforts by the Debtor to
         collect and recover property for its estate;

     (e) counsel the committee in connection with the formulation,

         negotiation and confirmation of a plan of reorganization;

     (f) review the nature, validity and priority of liens
         asserted against the property of the Debtor and advise
         the committee about the enforceability of those liens;

     (g) investigate any actions pursuant to Section 542 through
         section 550 and section 553 of the Bankruptcy Code;

     (h) prepare legal papers;

     (i) prepare responses to motions, applications and other
         legal papers that may be filed in the Debtor's case;

     (j) assist the committee in connection with any potential
         dispositions of property of the Debtor's estate;

     (k) advise the committee concerning proposed executory
         contracts and unexpired lease assumptions, assignments
         and rejections;

     (l) assist the committee in claims analyses and resolution
         matters; and

     (m) commence and conduct any necessary litigation.

Campbell & Levine will charge for its legal services on an hourly
basis.  The firm currently charges these hourly rates:

     Attorneys             Hourly Rates
     ---------             ------------
     Douglas A. Campbell       $565
     Stanley E. Levine         $565
     David B. Salzman          $565
     Mark S. Frank             $425
     Paul J. Cordaro           $425
     Phillip E. Milch          $525
     Shannon M. Clougherty     $350
     Kathryn L. Harrison       $235
     Frederick D. Rapone, Jr.  $350
     Sara Davis Buss           $400
     Christopher J. Rayl       $350
     Mark T. Hurford           $410
     Marla R. Eskin            $525
     Kathleen Campbell Davis   $410
     Ayesha Chacko Bennett     $240
     Adam M. Levine            $125

     Paralegal             Hourly Rates
     ---------             ------------
     Michele Kennedy           $155
     Theresa M. Matiasic       $105
     Shirley A. Brown          $125
     Judy M. Boyle             $105

Campbell & Levine has no connection with the Debtor and its
creditors, and does not represent any interest adverse to the
committee, according to court filings.

The firm can be reached through:

     Kathryn L. Harrison, Esq.
     Campbell & Levine, LLC
     310 Grant Street, Suite 1700
     Pittsburgh, PA 15219
     Telephone: (412) 261-0310
     Facsimile: (412) 261-5066
     klh@camlev.com

                     About Kipin Industries

Kipin Industries, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W.D. Penn. Case No. 16-21164) on March 30,
2016.  The Debtor is represented by Edgardo D. Santillan, Esq., at
Santillan Law Firm, PC.


KOMODIDAD DISTRIBUTORS: Hires Vilarino as Bankr. Counsel
--------------------------------------------------------
Komodidad Distributors, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Vilarino
& Associates and Javier Vilarino as counsel to the Debtor.

Komodidad Distributors requires Vilarino to:

   a. advise the debtor with respect to its duties, powers and
      responsibilities in this case under the laws of the United
      States and Puerto Rico in which the debtor in possession
      conducts its operations, do business, or is involved in
      litigation;

   b. advise the debtor in connection with a determination
      whether a reorganization is feasible and, if not, helping
      debtor in the orderly liquidation of its assets;

   c. assist the debtor with respect to negotiation with
      creditors for the purpose of arranging the orderly
      liquidation of assets and/or for proposing a viable plan of
      reorganization;

   d. prepare, on behalf of the debtor, the necessary complaints,
      answers, orders, reports, memoranda of law and/or any other
      legal paper of documents;

   e. appear before the bankruptcy court, or any court in which
      debtors assert a claim interest or defense directly or
      indirectly related to this bankruptcy case;

   f. perform such other legal services for debtors as may be
      required in these proceedings or in connection with the
      operation of/and involvement with debtor's business,
      including but not limited to notarial services;

   g. employ other professional services, if necessary.

Vilarino will be paid at these hourly rates:

     Javier Vilarino                 $235
     Associates                      $170
     Law Clerks                      $110
     Paralegals                      $85

Vilarino was paid a retainer in the amount of $5,000.

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

Javier Vilarino, capital member of Vilarino & Associates, 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.

Vilarino can be reached at:

     Javier Vilarino, Esq.
     VILARINO & ASSOCIATES
     San Juan, PR 00902-2515
     Tel. 787-565-9894
     E-mail: jvilarino@vilarinolaw.com

                   About Komodidad Distributors

Komodidad Distributors, Inc. filed for Chapter 11 bankruptcy
protection (Bankr. D.P.R. Case No. 16-04161) on May 25, 2016. The
petition was signed by Jorge Galliano, president. The Hon. Enrique
S. Lamoutte Inclan presides over the case.

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


LAHAYE ENTERPRISES: Plan Surrenders Property to Secured Lender
--------------------------------------------------------------
LaHaye Enterprises, LLC, filed with the U.S. Bankruptcy Court for
the Western District of Louisiana, LaFayette Division, a second
amended combined disclosure statement and plan of liquidation,
proposing to pay the class of unsecured creditors $500 per month
until each claim is paid in full.

The Debtor will surrender all its property that is encumbered by
security interests in favor of its secured lender, New Falls
Corporation, to New Falls in partial satisfaction of New Fall's
claims.  Richard and Cindy LaHayes, who own the Debtor, will pay
the balance of $100,000 owed after the surrender of the property to
New Falls in equal monthly payments through the Lahayes individual
Plan to be filed in their individual case.

A full-text copy of the Second Amended Disclosure Statement dated
May 31, 2016, is available at
http://bankrupt.com/misc/LAHAYEds0531.pdf

LaHaye Enterprises, LLC (Bankr. W.D. La., Case No. 15-51554) filed
a Chapter 11 Petition on December 3, 2015.  The Debtor is
represented by H. Kent Aguillard, Esq.


LEGAL CREDIT: Hires Monge Robertin as Restructuring Advisor
-----------------------------------------------------------
Legal Credit Solutions, Inc, seeks authorization from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ Jose M.
Monge Robertin, CPA, CIRA, CGMA and Monge Robertin & Asociados,
Inc., as the Debtor's insolvency and restructuring advisor, in the
exercise of its power and duties, on all financial matters
pertaining to the reorganization in its Chapter 11 proceedings.

The Firm will, among other things:

      a. evaluate financial condition of the Debtor to assist in
         the development of the reorganization plan;

      b. review Schedules and Statement of Financial Affairs as
         may be necessary for amendments and for the development
         of the plan;

      c. prepare cash flow projection as may be necessary for the
         initial debtor interview, use of cash collateral and to
         demonstrate feasibility of the proposed plan of
         reorganization;

      d. prepare the summary of claims and plan payments to
         control scheduled amounts, claims filed, objections,
         allowable amounts, payments during the pendency of the
         case, and deferred payments under the plan;

      e. reconcile claims and claims register and classify claims
         in accordance with the Bankruptcy Code;

      f. assist the Debtor to develop the plan of reorganization
         including changes in the capital structure and financing
         to boost revenue volume, reduce operating costs, dispose
         of unnecessary assets and recover receivables;

      g. prepare liquidation analysis with notes;

      h. review tax and other proof of claims to recommend and
         support claim objections;

      i. assist the Debtor in preparation of montly operation
         reports required by the guidelines of the Office of the
         U.S. Trustee;

      j. assist the Debtor to determine U.S. Trustee fees for
         payment in accordance with current fee tables;

      k. review existing accounting systems and procedures to
         provide recommendations for improvement; and

      l. prepare feasibility report for confirmation of the plan.

The Firm will be paid at these hourly rates:

         Jose M. Monge Robertin, CPA, CIRA, CGMA            $275
         Jose J. Negron Colon, CPA, CIRA, CGMA              $200
         Maria Pena, MST, CIRA - Reorganization Associate   $175
         Edgar Rivera Aponte, BS - Systems Associate        $150
         Juanita Claudio, MBA - Tax Associate               $125
         Suport Staff                                      $65-$75
    
         Assitant Accountants                                $35

A deposit of $5,000 will be provided from sources of the estate,
shareholder or other parties.  

Jose M. Monge Robertin, CPA, CIRA, CGMA, a principal at the Firm,
assures the Court that the Firm doesn't hold any professional
relation with the Debtor, attorneys for the Debtor, parties owing
property to, or creditors of the estate, prior accountants, the
U.S. Trustee or any person employed in the U.S. Trustee's Office or
any other party-in-interest in the present nor in any related
matter, nor does the Firm hold or represent adverse interest to the
estate.

The Firm can be reached at:

      Jose M. Monge-Robertin, Esq.
      Managing Shareholder
      Monge Robertin & Asociados
      Caguas, Puerto Rico
      Tel: (787) 745-0707
      E-mail: cpamonge@cirapr.com

Headquartered in Guaynabo, Puerto Rico, Legal Credit Solutions,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case No. 16-03685) on May 6, 2016, estimating its assets at up to
$50,000 and its liabilities at between $1 million and $10 million.

The petition was signed by Mrs. Yahairie Tapia, president.

Judge Brian K. Tester presides over the case.

Paul James Hammer, Esq., at Estrella, LLC, serves as the Debtor's
bankruptcy counsel.


LEHIGH VALLEY PROPERTIES: Hires Ian J. Musselman as Counsel
-----------------------------------------------------------
Lehigh Valley Properties, Inc., seeks permission from the U.S.
Bankruptcy Court for the Eastern District of Pennsylvania to employ
Ian J. Musselman, Esq., and The Law Offices of Ian J. Musselman as
attorneys in this case.

The Firm will:

      a. provide the Debtor with legal services with respect to
         its power and duties as debtor-in-possession in
         continuing the management of its assets;

      b. prepare on behalf of Debtor necessary applications,
         answers, orders, reports, and other legal papers;

      c. represent the Debtor in any matters involving contests
         with secured or unsecured creditors;

      d. assist the Debtor in providing legal services required to

         negotiate and prepare a plan of reorganization; and

      e. perform such other legal services for the Debtor as are
         necessary and appropriate.

The Firm will be paid $250 per hour for its services.

Mr. Musselman tells the Court that the Debtor has contracted to pay
him a retainer of $7,000 for the Chapter 11 filing and associated
work, of which $3,000 has thus far been paid and used toward filing
fees and work product.

Mr. Musselman assures the Court that he and the Firm are
disinterested persons in this case and he, including members of his
office, do not represent or hold any interest materially adverse to
the estate in the matters upon which his office is to be engaged,
and he is not a creditor, equity security holder or an insider of
the Debtor.

The Firm can be reached at:

         Ian J. Musselman, Esq.
         Law Office of Ian J. Musselman
         P.O. Box 185
         Richboro, PA 18954
         Tel: (215) 828-1682
         Fax: (215) 434-7005
         E-mail: ian.j.musselman@gmail.com

Lehigh Valley Properties, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. E.D. Pa. Case No. 16-12834) on April 21, 2016.
Ian J. Musselman, Esq., at the Law Office of Ian J. Musselman
serves as the Debtor's bankruptcy counsel.


LIFE CARE ST JOHNS: Files Amended Schedules of Assets & Debts
-------------------------------------------------------------
Life Care St. Johns, Inc. dba Glenmoor filed with the U.S.
Bankruptcy Court for the Middle District of Florida its amended
schedules of assets liabilities, disclosing:

     Name of Schedule         Assets             Liabilities
     ----------------         --------------     ---------------
  A. Real Property            $21,392,429.00
  B. Personal Property        $ 9,045,391.00
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                              $66,472,132.37
  E. Creditors Holding
     Unsecured Priority
     Claims                                      $   182,749.51
  F. Creditors Holding
     Unsecured Non-Priority
     Claims                                      $39,557,332.25
                             --------------      ---------------
        Total                $30,437,820.00      $106,212,214.13

A copy of the schedules is available for free at:

                        https://is.gd/BHNHAs

                      About Life Care St. Johns

Life Care St. Johns, Inc., doing business as Glenmoor, is a
not-for-profit organization that owns and operates a continuing
care retirement community in St. Johns County, Florida.  The
company received its certificate of occupancy in 1999 and began
operations in October of 2001.

As a CCRC, Glenmoor provides "lifecare services" to its residents,
each of whom reside in a residential unit.  The "lifecare" concept
recognizes that the healthcare and residency needs of elderly
residents vary along a continuum beginning with independent living
and in many cases ending with a need for full-time nursing care.
The Glenmoor community thus includes independent residential
units, an assisted living center, and a healthcare center for
residents requiring round the clock nursing care.

As disclosed in documents filed with the Court, Residency at
Glenmoor is provided pursuant to "Residence and Care Contracts"
which require prospective residents to pay an "Entrance Fee" and a
"Monthly Service Fee."  The Entrance Fee is a lump sum, one-time
payment based on the type of Residential Unit occupied by the
resident, and obligates Glenmoor to provide care to the resident so
long as he or she remains a resident and pays the Monthly Service
Fee.  Depending upon the type of contract selected, the Entrance
Fee may or may not be refundable.  For residents with refundable
Entrance Fee contracts, the refund is to be paid from the proceeds
of the next Entrance Fee received by Glenmoor.

According to Court filings, the economic recession which began in
late 2007 had a dramatic impact on Glenmoor, with fewer residents
being able to afford the required Entrance Fees as their home
equity and investments portfolios shrank in value.  With fewer new
residents entering the community than were moving out, significant
Entrance Fee refund liabilities began to accumulate, rising to
almost $8 million at their peak.  The decreasing revenues
eventually led to payment and other defaults under the $59 million
in Revenue Bonds issued in 2006 to support Glenmoor and refinance
an earlier bond issue.

On July 3, 2013, Glenmoor filed its initial Chapter 11 case in the
U.S. Bankruptcy Court for the Middle District of Florida amid
defaults under the Debtor's 2006 Bonds and threats of enforcement
action by the Florida's Office of Insurance Regulation, the
government entity that governs the licensing and operations of
continuing care retirement community in Florida.  A consensual Plan
of Reorganization was filed Nov. 27, 2013.  Glenmoor's Plan of
Reorganization was confirmed by the Court on Feb. 28, 2014.  The
Final Decree was entered on April 6, 2016.

Glenmoor filed its second voluntary petition under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case No.: 16-01347) on  April
11, 2016.

The Debtor has engaged Thames Markey & Heekin, P.A., as bankruptcy
counsel; Walchle Investment Group, Inc. as sale broker; Cassidy
Turley Commercial Real Estate Services, Inc., as investment banker;
Greystone Development Company II, LP, as operations consultant;
Eddie Williams, III, Esq., as regulatory compliance counsel; Moore
Stephens Lovelace, CPA, as accountant; Globic Advisors, Inc., as
plan solicitation and tabulation agent; and American Legal Claim
Services, LLC as claims and noticing agent.

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

The case is pending before the Honorable Jerry A. Funk.


LIFE PARTNERS: Gruber Elrod & Erler PC Represent IRA Investors
--------------------------------------------------------------
Gruber Elrod Johansen Hail Shank LLP and Erler PC files a
supplement to certain IRA Investors' Verified Statement Under
Federal Rule of Bankruptcy Procedure 2019 under Rule 2019 of the
Federal Rules of Bankruptcy Procedure, stating that they are
representing the investors in the Chapter 11 bankruptcy cases of
Life Partners Holdings, Inc., et al.,

On Aug. 18, 2015, Gruber Elrod filed its disclosure as required by
Rule 2019, styled as Certain IRA Investors' Verified Statement
Under Federal Rule of Bankruptcy Procedure 2019.

Each of the Clients (a) purchased one or more Notes secured by
fractional interests in various Policies, which was facilitated by
LPI, or (b) purchased fractional interests in Policies, the sale of
which was facilitated by LPI.  The Clients dispute any assertion
that LPI owns the Policies.

To the extent not already asserted, the Clients may hold claims
against LPI or one of the related Debtors.  Gruber Elrod and Erler
PC continue to investigate the extent of any claims.  

Each of the Clients has engaged Gruber Elrod to represent them in
connection with the bankruptcy case in their capacity as a
purchaser.  The Clients have not engaged Gruber Elrod to represent
them in connection with any adversary proceeding initiated by the
Debtors and the Chapter 11 Trustee appointed in this case or for
any other purpose.

Because of the voluminous natures of the signed fee agreements,
Gruber Elrod will make the signature pages of the engagement
letters as well as the complete engagement letters available to the
Court for en camera review if the Court deems such submission
necessary; otherwise, copies of the unsigned engagement letters
with some redactions to preserve attorney-client communications
will be provided to requesting parties to comply with Rule
2019(c)(4).

Upon information and belief, Gruber Elrod and Erler PC do not
possess any claims against or interest in the Debtors.

Gruber Elrod can be reached at:

      Brian N. Hail, Esq.
      Samuel Stricklin, Esq.
      Laura M. Fontaine, Esq.
      J. Machir Stull, Esq.
      GRUBER ELROD JOHANSEN HAIL SHANK LLP
      1445 Ross Avenue, Suite 2500
      Dallas, Texas 75202
      Tel: (214) 855-6800
      Fax: (214) 855-6808
      E-mail: bhail@getrial.com
              sstricklin@getrial.com
              lfontaine@getrial.com
              mstull@getrial.com

      Jeffrey R. Erler, Esq.
      ERLER PC
      5307 E. Mockingbird Lane, Suite 500
      Dallas, Texas 75206
      Tel: (214) 379-7486
      Fax: (214) 379-7499
      E-mail: jerler@erlerpc.com

                About Life Partners

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

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

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

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

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

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

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

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

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


LMI LEGACY: Trustee's Suit vs. RBC Stays in Delaware
----------------------------------------------------
Judge J. Sontchi of the United States Bankruptcy Court for the
District of Delaware denied RBC Capital Markets, LLC's motion to
sever the claims of the trustee of the LMI GUC Trust and to
transfer them to the Southern District of New York.

Charles F. Kuoni, as Special Trustee of the LMI GUC Trust, filed an
adversary proceeding on August 14, 2015, asserting 18 causes of
action against 17 individuals and corporate entities.  The trustee
asserted two claims against RBC -- a claim for breach of contract
and a claim that RBC aided and abbetted breaches of fiduciary duty
by other defendants.

On January 25, 2016, RBC filed a motion to sever the two claims and
transfer them to the Southern District of New York, arguing that
under 28 U.S.C. section 1404, as interpreted by the Supreme Court
in Atl. Marine Const. Co. v. U.S. Dist. Court for W. Dist. of
Texas, the bankruptcy court must give effect to a valid and
enforceable forum selection clause in all but the most
extraordinary cases.  RBC asserted that its pre-petition engagement
letter with LMI contains a valid forum selection clause that
requires the trustee's claims to be heard in SDNY; therefore, RBC
argued, the trustee's claims against it should be severed and
transferred.

Judge Sontchi found that only the trustee's claim for breach of
contract is subject to the engagement letter's forum selection
clause.  However, the judge also found that severance and transfer
of this claim would result in duplicative proceedings, waste
judicial resources and impose additional costs on a number of the
other defendants.  Judge Sontchi held that ultimately, the harm to
judicial economy and the interests of the other defendants
outweighs the deference due to the egagement letter's valid forum
selection clause.

A full-text copy of Judge Sontchi's June 3, 2016 order is available
at http://bankrupt.com/misc/LMILEGACY11610603.pdf.

The bankruptcy case is In re: LMI LEGACY HOLDINGS, INC., Debtor,
Case No. 13-12098(CSS)(Bankr. D. Del.).

The adversary proceedings is EDWARD L. LIPSCOMB, AS SPECIAL TRUSTEE
OF THE LMI GUC TRUST, Plaintiff, v. CLAIRVEST EQUITY PARTNERS
LIMITED PARTNERSHIP, et al., Defendants, Adv. Pro. No.
15-51069(CSS)(Bankr. D. Del.).

Edward L. Lipscomb, as Special Trustee of the LMI GUC Trust is
represented by:

          Kerri K. Mumford, Esq.
          James S. Green Jr., Esq.
          Joseph D. Wright, Esq.
          LANDIS RATH & COBB LLP
          919 Market Street, Suite 1800
          Wilmington, DE 19801
          Tel: (302)467-4400
          Fax: (302)467-4450
          Email: mumford@lrclaw.com
                 green@lrclaw.com
                 wright@lrclaw.com

RBC Capital Markets, LLC is represented by:

          Jeremy W. Ryan, Esq.
          Etta R. Mayers, Esq.
          T. Brad Davey, Esq.
          POTTER ANDERSON & CORROON LLP
          1313 North Market Street, 6th Floor
          Wilmington, DE 19899-0951
          Tel: (302)984-6000
          Fax: (302)658-1192
          Email: jryan@potteranderson.com
                 bdavey@potteranderson.com

            -- and --

          Gregory A. Markel, Esq.
          Gillian Groarke Burns, Esq.
          Heather E. Murray, Esq.
          CADWALADER, WICKERSHAM & TAFT LLP
          One World Financial Center
          New York, NY 10281
          Tel: (212)504-6000
          Fax: (212)504-6666
          Email: greg.markel@cwt.com
                 gillian.burns@cwt.com
                 heather.murray@cwt.com

                      About Landauer Healthcare

Home medical equipment provider Landauer Healthcare Holdings,
Inc., sought Chapter 11 protection (Bankr. D. Del. Lead Case No.
13-12098) on Aug. 16, 2013, with a deal to sell all assets to
Quadrant Management Inc. for $22 million, absent higher and better
offers.

The Company has 32 operating locations, with 50% of inventory
concentrated in Mount Vernon, New York; Great Neck, New York;
Warwick, Rhode Island; and Philadelphia, Pennsylvania. Landauer,
which derives revenues by reimbursement from insurers, Medicare
and Medicaid, reported net revenues of $128.5 million in fiscal
year ended March 31, 2013.

Landauer disclosed $2,978,495 in assets and $53,636,751 in
liabilities as of the Chapter 11 filing.

The Debtors are represented by Justin H. Rucki, Esq., Michael R.
Nestor, Esq., and Matthew B. Lunn, Esq., at Young Conaway Stargatt
& Taylor LLP, in Wilmington, Delaware; John A. Bicks, Esq., at K&L
Gates LLP, in New York; and Charles A. Dale III, Esq., and
Mackenzie L. Shea, Esq., in Boston, Massachusetts.

Carl Marks Advisory Group serves as the Debtor's financial
advisors, and Epiq Systems as claims and notice agent.  Maillie
LLP serves as the Debtors' tax accountants.

The Debtor filed a Chapter 11 restructuring plan that would
transfer ownership of the home medical supply company to Quadrant
Management Inc., whose $22 million bid for the company went
unchallenged.

Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed
five members to the official committee of unsecured creditors in
the Chapter 11 cases.  The Committee retained Landis Rath & Cobb
LLP as counsel.  Deloitte Financial Advisory Services LLP serves
as its financial advisor.


MARINA BIOTECH: CEO Michael French Resigns
------------------------------------------
Marina Biotech, Inc. announced that Michael J. French, chairman of
the board, president and chief executive officer, is resigning
effective June 10, 2016, to pursue other opportunities.  Current
board member, Joseph W. Ramelli, will assume the roles of chairman
of the board and acting chief executive officer.  The board of
directors is currently conducting a search for a new CEO.

"The Board thanks Mr. French for his efforts and leadership of
Marina, including the transition of the company from an
oligonucleotide therapeutics company to a late-stage therapeutics
company, with the pending completion of our proposed agreement with
Turing Pharmaceuticals for its late-stage intranasal ketamine
program.  We wish him well in his future endeavors," said Mr.
Ramelli.  "The Board has already begun a search for a new Chief
Executive Officer with the expertise and experience necessary to
fully execute on the opportunity provided by the ketamine
program."

Mr. Ramelli, age 48, has served as a director of the Company since
August 2012, and he currently serves as a member of each of the
Audit Committee and the Compensation Committee of the Board of
Directors, and as the chair of the Nominating and Corporate
Governance Committee of the Board of Directors.  Mr. Ramelli
currently works as a consultant for several investment funds
providing in-depth due diligence and investment recommendations. He
has over 20 years of experience in the investment industry, having
worked as both an institutional equity trader and as an equity
analyst at Eos Funds, Robert W. Duggan & Associates and Seneca
Capital Management.  Mr. Ramelli graduated with honors from the
University of California at Santa Barbara, with a B.A. in business
economics.

The Board, together with the Compensation Committee thereof, will
work to determine an appropriate compensation package for Mr.
Ramelli in his capacity as an executive officer of the Company.

                        About Marina Biotech

Marina Biotech, Inc., headquartered in Bothell, Washington, is a
biotechnology company focused on the discovery, development and
commercialization of nucleic acid-based therapies utilizing gene
silencing approaches such as RNA interference ("RNAi") and
blocking messenger RNA ("mRNA") translation.  The Company's goal
is to improve human health through the development, either through
its own efforts or those of its collaboration partners and
licensees, of these nucleic acid-based therapeutics as well as the
delivery technologies that together provide superior treatment
options for patients.  The Company has multiple proprietary
technologies integrated into a broad nucleic acid-based drug
discovery platform, with the capability to deliver novel nucleic
acid-based therapeutics via systemic, local and oral
administration to target a wide range of human diseases, based on
the unique characteristics of the cells and organs involved in
each disease.

On June 1, 2012, the Company announced that, due to its financial
condition, it had implemented a furlough of approximately 90% of
its employees and ceased substantially all day-to-day operations.
Since that time substantially all of the furloughed employees have
been terminated.  As of Sept. 30, 2012, the Company had
approximately 11 remaining employees, including all of its
executive officers, all of whom are either furloughed or working
on reduced salary.  As a result, since June 1, 2012, its internal
research and development efforts have been minimal, pending
receipt of adequate funding.

Marina Biotech reported a net loss of $6.47 million on $500,000 of
license and other revenue for the year ended Dec. 31, 2014,
compared to a net loss of $1.57 million on $2.11 million of license
and other revenue in 2013.

As of March 31, 2016, Marina had $7.17 million in total assets,
$5.69 million in total liabilities and $1.48 million in total
stockholders' equity.

Wolf & Company, P.C., in Boston, Massachusetts, 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, has a significant accumulated
deficit and does not have sufficient capital to fund its
operations.  This raises substantial doubt about the Company's
ability to continue as a going concern.


MASTIC BEACH, NY: Moody's Lowers $885,000 GO Debt Rating to Ba1
---------------------------------------------------------------
Moody's Investors Service has downgraded the Village of Mastic
Beach, NY's general obligation rating to Ba1 from A1. The outlook
is negative. The downgrade affects $885,000 in outstanding general
obligation debt.

The downgrade to Ba1 reflects a rapidly deteriorating fund balance
and liquidity position resulting from three consecutive years of
operating deficits (including projected fiscal 2016). The village
appropriated fund balance in each of those years for recurring
operating expenditures and management reports that it budgeted
inaccurately in fiscal 2016, contributing to an anticipated
negative General Fund balance at the end of fiscal 2016 (May 31).
The rating also factors the limited tax base with wealth levels
that are below average for the region, low debt burden, and a lack
of pension or OPEB liabilities.

Rating Outlook

The negative outlook reflects the challenges the village faces to
achieving structural balance and replenishment of reserves to
adequate levels. The village is contemplating issuing deficit
financing bonds, which requires state approval. Without an infusion
of cash, the village will face significant liquidity strain in
fiscal 2017.

Factors that Could Lead to an Upgrade (Remove the Negative
Outlook)

  Demonstrated ability to achieve structural balance,
  resulting in a trend of audited surpluses that lead
  to material fund balance and liquidity growth

Factors that Could Lead to a Downgrade

  Fiscal 2016 deficit that exceeds projections

  Additional operating deficits in fiscal 2017 and
  beyond that resulting in further depletion of
  reserves and liquidity

  Continued tax base declines or weakening in the
  demographic profile

Legal Security. Not applicable

Use of Proceeds. Not applicable

Obligor Profile

The Village of Mastic Beach is on the South Shore of Long Island,
70 miles east of New York City (Aa2 stable), and encompasses 5.3
square miles within the Town of Brookhaven (Aa2 positive). The
population is approximately 13,000.


MERANDA INC: Hires Pedrosa Luna as Bankruptcy Counsel
-----------------------------------------------------
Meranda, Inc., seeks authority from the U.S. Bankruptcy Court for
the District of Puerto Rico to employ the Law Offices of Hector
Eduardo Pedrosa Luna as counsel to the Debtor.

Meranda, Inc. requires Luna to:

   a. prepare bankruptcy schedules, pleadings, applications and
      conducting examinations incidental to any related
      proceedings or to the administration of the bankruptcy
      case;

   b. develop the relationship of the status of the Debtor to the
      claims of creditors in the bankruptcy case;

   c. advise the Debtor of its rights, duties, and obligations as
      Debtor operating under Chapter 11 of the Bankruptcy Code;

   d. take any and all other necessary action incident to the
      proper preservation and administration of the Chapter 11
      case; and

   e. advise and assist the Debtor in the formation and
      preservation of a plan pursuant to Chapter 11 of the
      Bankruptcy Code, the disclosure statement, and any and all
      matters related thereto.

Luna will be paid at these hourly rates:

     Hector Eduardo Pedrosa Luna     $150

Luna will be paid a retainer in the amount of $3,000.

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

Hector Eduardo Pedrosa Luna, Esq., 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.

Luna can be reached at:

     Hector Eduardo Pedrosa Luna, Esq.
     1519 Ponce de Leon Avenue, Suite 1115
     San Juan, PR 00908
     Tel: (787) 920-7983
     Fax: (787) 754-1109
     E-mail: hectorpedrosa@gmail.com

                       About Meranda, Inc.

Meranda, Inc., filed a Chapter 11 petition (Bankr. D. P.R. Case No.
3:16-bk-04239) on May 27, 2016.


MERANDA INC: Sec. 341 Creditors' Meeting Set for June 27
--------------------------------------------------------
A meeting of creditors under Sec. 341(a) of the Bankruptcy Code
will be held on June 27, 2016, at 2:00 p.m. at 341 MEETING ROOM,
OCHOA BUILDING, 500 TANCA STREET, FIRST FLOOR, SAN JUAN.

The last day to oppose discharge or dischargeability is Aug. 26.

Proofs of Claim are due by Sept. 26.  Government Proofs of Claim
are due by Nov. 28.

Meranda, Inc., filed a Chapter 11 petition (Bankr. D. P.R. Case No.
3:16-bk-04239) on May 27, 2016.


MERANDA INC: Status Conference Set for Aug. 2
---------------------------------------------
A status conference is set for Aug. 2, 2016, at 10:00 a.m., in the
Chapter 11 case of Meranda, Inc.  The conference will be held at
JOSE V TOLEDO FED BLDG & US COURTHOUSE, 300 RECINTO SUR, 2ND FLOOR
COURTROOM 2.

Meranda, Inc., filed a Chapter 11 petition (Bankr. D. P.R. Case No.
3:16-bk-04239) on May 27, 2016.


MGM RESORTS: Stockholders Elect 11 Directors
--------------------------------------------
MGM Resorts International held its annual meeting of stockholders
on June 1, 2016, at which stockholders:

   (a) elected Robert H. Baldwin, William A. Bible, Mary Chris
       Gay, William W. Grounds, Alexis M. Herman, Roland
       Hernandez, Anthony Mandekic, Rose McKinney-James, James J.
       Murren, Gregory M. Spierkel and Daniel J. Taylor as
       directors;

   (b) ratified the Selection of Deloitte & Touche LLP as the
       independent registered public accounting firm for the year
       ending Dec. 31, 2016;

   (c) approved, on an advisory basis, the Compensation of the
       Company's named executive officers; and

   (d) re-approved, the performance goals under the Company's
       Second Amended and Restated Annual Performance-Based
       Incentive Plan for Executive Officers.

                        About MGM Resorts

MGM Resorts International (NYSE: MGM) a global hospitality
company, operating a portfolio of destination resort brands
including Bellagio, MGM Grand, Mandalay Bay and The Mirage.  The
Company also owns 51% of MGM China Holdings Limited, which owns
the MGM Macau resort and casino and is in the process of
developing a gaming resort in Cotai, and 50% of CityCenter in Las
Vegas, which features ARIA resort and casino.  For more
information about MGM Resorts International, visit the
Company's Web site at www.mgmresorts.com.

MGM Resorts reported a net loss attributable to the Company of
$447.72 million in 2015, a net loss attributable to the Company of
$149.87 million in 2014 and a net loss attributable to the Company
of $171.73 milion in 2013.

As of Dec. 31, 2015, MGM Resorts had $25.21 billion in total
assets, $17.45 billion in total liabilities and $7.76 billion in
total stockholders' equity.

                           *     *     *

As reported by the TCR on Nov. 14, 2011, Standard & Poor's Ratings
Services raised its corporate credit rating on MGM Resorts
International to 'B-' from 'CCC+'.   In March 2012, S&P revised
the outlook to positive from stable.

"The revision of our rating outlook to positive reflects strong
performance in 2011 and our expectation that MGM will continue to
benefit from the improving performance trends on the Las Vegas
Strip," S&P said.

In March 2012, Moody's Investors Service affirmed its B2 corporate
family rating and probability of default rating.  The affirmation
of MGM's B2 Corporate Family Rating reflects Moody's view that
positive lodging trends in Las Vegas will continue through 2012
which will help improve MGM's leverage and coverage metrics,
albeit modestly. Additionally, the company's declaration of a $400
million dividend ($204 million to MGM) from its 51% owned Macau
joint venture due to be paid shortly will also improve the
company's liquidity profile. The ratings also consider MGM's
recent bank amendment that resulted in about 50% of its
$3.5 billion senior credit facility being extended one year from
2014 to 2015.

As reported by the TCR on Sept. 29, 2014, Fitch Ratings has
upgraded MGM Resorts International's (MGM) and MGM China Holdings
Ltd's (MGM China) IDRs to 'B+' from 'B' and 'BB' from 'BB-',
respectively.  Fitch's upgrade of MGM's IDR to 'B+' and the
Positive Outlook reflect the company's strong performance on the
Las Vegas Strip and in Macau as well as Fitch's longer-term
positive outlooks for these markets.


MICROVISION INC: Stockholders Elect Seven Directors
---------------------------------------------------
The annual meeting of stockholders of Microvision, Inc. was held on
June 1, 2016, at wich the stockholders:

  (a) elected Richard A. Cowell, Slade Gorton, Jeanette Horan,
      Perry Mulligan, Alexander Y.Tokman, Brian Turner and
      Thomas M. Walker as directors;

  (b) approved the proposed amendment to the 2013 MicroVision,
      Inc. Incentive Plan; and

  (c) ratified the appointment of Moss Adams LLP as the Company's
      independent registered public accounting firm for the fiscal

      year ending Dec. 31, 2016.

                       About MicroVision

Redmond, Washington-based MicroVision, Inc. is developing its
PicoP(R) display technology that can be adopted by its customers to
create high-resolution miniature laser display and imaging modules.
This PicoP display technology incorporates the company's patented
expertise in two-dimensional Micro-Electrical Mechanical Systems
(MEMS), lasers, optics and electronics.

MicroVision reported a net loss of $14.5 million on $9.18 million
of total revenue for the year ended Dec. 31, 2015, compared to a
net loss of $18.12 million on $3.48 million of total revenue for
the year ended Dec. 31, 2014.

As of March 31, 2016, MicroVision had $16.50 million in total
assets, $13.64 million in total liabilities and $2.85 million in
total shareholders' equity

Moss Adams LLP, in Seattle, Washington, 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 net capital deficiency, which
raises substantial doubt about its ability to continue as a going
concern.


MILESTONE SCIENTIFIC: Amends Form S-3 Prospectus with SEC
---------------------------------------------------------
Milestone Scientific Inc. filed with the Securities and Exchange
Commission an amended Form S-3 registration statement relating to
common stock, preferred stock, debt securities, warrants and units
that the Company may sell from time to time in one or more
offerings up to a total public offering price of $30,000,000 on
terms to be determined at the time of sale.  The Company will
provide specific terms of these securities in supplements to this
prospectus.  The Company amended the Registration Statement to
delay its effective date.

The Company's common stock is listed on the NYSE MKTS under the
symbol "MLSS".  As of April 25, 2016, the aggregate market value of
the Company's outstanding common stock held by non-affiliates was
$23,954,939 based on 21,687,164 shares of outstanding common stock,
of which 12,037,658 shares are held by non-affiliates, and a per
share price of $1.99 which was the closing sale price of the
Company's common stock as quoted on the NYSE MKTS on March 22,
2016.  

These securities may be sold directly by the Company, through
dealers or agents designated from time to time, to or through
underwriters or through a combination of these methods.

A copy of the Form S-3/A is available for free at:

                     https://is.gd/KysNw8

                  About Milestone Scientific

Livingston, N.J.-based Milestone Scientific Inc. is engaged in
pioneering proprietary, innovative, computer-controlled injection
technologies and solutions for the medical and dental markets.

Milestone Scientific reported a net loss attributable to the
Company of $5.46 million on $9.49 million of net product sales for
the year ended Dec. 31, 2015, compared to a net loss attributable
to the Company of $1.70 million on $10.33 million of net product
sales for the year ended Dec. 31, 2014.

As of March 31, 2016, Milestone Scientific had $11.60 million in
total assets, $3.24 million in total liabilities, all current, and
total equity of $8.36 million.


NANOSPHERE INC: "Party B" Withdraws Alternative Proposal
--------------------------------------------------------
Nanosphere, through its counsel, advised Luminex Corporation,
through its counsel, that Party B had sent a letter to Nanosphere,
dated June 2, 2016, confirming in writing Party B's earlier notice
of the withdrawal of Party B's Fourth Revised Proposal.  In the
Letter, Party B also stated that it "does not intend to participate
in any process going forward with respect to an acquisition of
Nanosphere.

Luminex and Nanosphere previously entered into a definitive
agreement, as amended, under which Luminex will acquire Nanosphere,
a leader in the molecular microbiology and molecular diagnostic
market.  The purchase price has been increased to $1.70 per share
from $1.35 per share in an all cash transaction valued at
approximately $77 million.  This increase was in response to an
unsolicited third party offer for Nanosphere at $1.50 per share.

                     About Nanosphere

Nanosphere, Inc., develops, manufactures and markets an advanced
molecular diagnostics platform, the Verigene System, that enables
simple, low cost and highly sensitive genomic and protein testing
on a single platform.  The Verigene System includes a bench-top
molecular diagnostics workstation that is a universal platform for
genomic and protein testing and provides for multiple tests to be
performed on a single platform, including both genomic and protein
assays, from a single sample.  Its proprietary nanoparticle
technology provides the ability to run multiple tests
simultaneously on the same sample.  Nanosphere was founded by Chad
A. Mirkin and Robert Letsinger on Dec. 30, 1999, and is
headquartered in Northbrook, IL.

Nanosphere reported a loss attributable to common shareholders of
$42.84 million on $21.07 million of total revenue for the year
ended Dec. 31, 2015, compared to a net loss attributable to common
shareholders of $39.07 million on $14.29 million of total revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, Nanosphere had $39.78 million in total
assets, $27.49 million in total liabilities and $12.29 million in
total stockholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from continued use of cash to fund operations raise
substantial doubt about its ability to continue as a going concern.


NANOSPHERE INC: Amends Merger Agreement with Luminex
----------------------------------------------------
Nanosphere, Inc., Luminex Corporation, and Commodore Acquisition,
Inc., a wholly-owned subsidiary of Luminex ("Merger Subsidiary")
entered into a First Amendment to the Merger Agreement.  Pursuant
to the Merger Agreement, as amended by the First Amendment, and
upon the terms and subject to the conditions thereof, Luminex had
agreed that it will commence a cash tender offer to acquire all of
the shares of the Company's common stock, par value $0.01 per share
for a purchase price of $1.70 per share, net to the holders
thereof, in cash, without interest, subject to the terms and
conditions of the Merger Agreement.

On June 1, 2016, the Company and Luminex entered into a Second
Amendment to the Merger Agreement which provides for technical
amendments to the Merger Agreement addressing the timing of the
expiration of the Offer and certain regulatory determinations
relating to the Offer, as well as an updated capitalization
representation reflecting recent transactions in the Company's
securities.

Also on June 1, 2016, the Company filed a Change in Number of
Shares Outstanding Notification with the Nasdaq Stock Market, LLC
pursuant to Nasdaq Stock Market Rule 5250(e)(1) with respect to the
issuance of an aggregate of 5,500,000 shares of common stock upon
the exercise of warrants to purchase common stock exercised from
May 25, 2016, through June 1, 2016.  After giving effect to these
transaction, there will be 49,708,909 issued and outstanding shares
of the Company's common stock.

                        About Nanosphere

Nanosphere, Inc., develops, manufactures and markets an advanced
molecular diagnostics platform, the Verigene System, that enables
simple, low cost and highly sensitive genomic and protein testing
on a single platform.  The Verigene System includes a bench-top
molecular diagnostics workstation that is a universal platform for
genomic and protein testing and provides for multiple tests to be
performed on a single platform, including both genomic and protein
assays, from a single sample.  Its proprietary nanoparticle
technology provides the ability to run multiple tests
simultaneously on the same sample.  Nanosphere was founded by Chad
A. Mirkin and Robert Letsinger on Dec. 30, 1999, and is
headquartered in Northbrook, IL.

Nanosphere reported a loss attributable to common shareholders of
$42.84 million on $21.07 million of total revenue for the year
ended Dec. 31, 2015, compared to a net loss attributable to common
shareholders of $39.07 million on $14.29 million of total revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, Nanosphere had $39.78 million in total
assets, $27.49 million in total liabilities and $12.29 million in
total stockholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from continued use of cash to fund operations raise
substantial doubt about its ability to continue as a going concern.


NANOSPHERE INC: Regains Compliance With Nasdaq Requirement
----------------------------------------------------------
Nanosphere, Inc., received on June 1, 2016, a written notification
from the Nasdaq Stock Market Listing Qualifications Staff
indicating that the Company has regained compliance with the $1.00
minimum closing bid price requirement for continued listing on The
Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2)
and that the matter is now closed.

The closing bid price of the Company's common stock has been at
$1.00 per share or greater for at least 10 consecutive business
days.  Accordingly, the Company has regained compliance with the
Minimum Bid Price Requirement.

                        About Nanosphere

Nanosphere, Inc., develops, manufactures and markets an advanced
molecular diagnostics platform, the Verigene System, that enables
simple, low cost and highly sensitive genomic and protein testing
on a single platform.  The Verigene System includes a bench-top
molecular diagnostics workstation that is a universal platform for
genomic and protein testing and provides for multiple tests to be
performed on a single platform, including both genomic and protein
assays, from a single sample.  Its proprietary nanoparticle
technology provides the ability to run multiple tests
simultaneously on the same sample.  Nanosphere was founded by Chad
A. Mirkin and Robert Letsinger on Dec. 30, 1999, and is
headquartered in Northbrook, IL.

Nanosphere reported a loss attributable to common shareholders of
$42.84 million on $21.07 million of total revenue for the year
ended Dec. 31, 2015, compared to a net loss attributable to common
shareholders of $39.07 million on $14.29 million of total revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, Nanosphere had $39.78 million in total
assets, $27.49 million in total liabilities and $12.29 million in
total stockholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from continued use of cash to fund operations raise
substantial doubt about its ability to continue as a going concern.


NAVISTAR INTERNATIONAL: Extends Revolving Facility to 2017
----------------------------------------------------------
Navistar Financial Corporation and Truck Retail Accounts Corp.,
Navistar International Corporation's consolidated Special Purpose
Entity, entered into a normal course extension of a revolving
retail accounts facility to April 27, 2017.  There were no material
changes in either operational terms or pricing.  The TRAC Facility
funds up to $100 million of retail accounts receivable from large
direct-sale fleet customers.

                   About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose             

subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

As of Jan. 31, 2016, Navistar had $5.98 billion in total assets,
$11.17 billion in total liabilities and a total stockholders'
deficit of $5.19 billion.

                          *     *     *

In the July 22, 2015, edition of the TCR, Moody's Investors Service
affirmed Navistar International Corporation's Corporate Family
Rating at B3 and assigned a Ba3 rating to Navistar, Inc.'s new
$1.04 billion senior secured term loan due 2020.

Navistar carries a 'B-' issue-level rating from Standard & Poor's
Ratings Services and 'CCC' Issuer Default Ratings from Fitch
Ratings.


NAVISTAR INTERNATIONAL: To Announce Fiscal 2016 Q2 on June 7
------------------------------------------------------------
Navistar International Corporation announced that it will report
its fiscal 2016 second quarter financial results on Tuesday,
June 7, 2016.

The company will host a conference call and present via a live
webcast its fiscal 2016 second quarter financial results on
Tuesday, June 7, at approximately 9:00 a.m. Eastern (8:00 a.m.
Central).  Speakers on the webcast will include Troy Clarke,
president and chief executive officer and Walter Borst, executive
vice president and chief financial officer, among other company
leaders.

Those who wish to participate in the conference call may do so by
dialing: (877) 303-3199.  Additionally, the webcast can be accessed
through the investor relations page of the Company's website at
http://www.navistar.com/navistar/investors/webcasts.Investors are
advised to log on to the website at least 15 minutes prior to the
start of the webcast to allow sufficient time for downloading any
necessary software.  The webcast will be available for replay at
the same address approximately three hours following its
conclusion, and will remain available for a limited time.

                  About Navistar International

Navistar International Corporation (NYSE: NAV) --
http://www.navistar.com/-- is a holding company whose             

subsidiaries and affiliates subsidiaries produce International(R)
brand commercial and military trucks, MaxxForce(R) brand diesel
engines, IC Bus(TM) brand school and commercial buses, Monaco RV
brands of recreational vehicles, and Workhorse(R) brand chassis
for motor homes and step vans.  It also is a private-label
designer and manufacturer of diesel engines for the pickup truck,
van and SUV markets.  The Company also provides truck and diesel
engine parts and service.  Another affiliate offers financing
services.

As of Jan. 31, 2016, Navistar had $5.98 billion in total assets,
$11.17 billion in total liabilities and a total stockholders'
deficit of $5.19 billion.

                          *     *     *

In the July 22, 2015, edition of the TCR, Moody's Investors Service
affirmed Navistar International Corporation's Corporate Family
Rating at B3 and assigned a Ba3 rating to Navistar, Inc.'s new
$1.04 billion senior secured term loan due 2020.

Navistar carries a 'B-' issue-level rating from Standard & Poor's
Ratings Services and 'CCC' Issuer Default Ratings from Fitch
Ratings.


NEW ENTERPRISE: Moody's Affirms Caa1 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service affirmed New Enterprise Stone & Lime Co.,
Inc.'s Corporate Family Rating at Caa1, the Probability of Default
Rating at Caa1-PD, the senior secured notes at Caa1 and the senior
unsecured notes at Caa3. The rating outlook was revised to stable
from negative. The Speculative Grade Liquidity assessment is
affirmed at SGL-3.

The following ratings actions were taken:

Corporate Family Rating, affirmed at Caa1;

Probability of Default, affirmed at Caa1-PD;

Senior unsecured notes, affirmed at Caa3, LGD5;

Senior secured cash-pay and PIK notes, affirmed at Caa1, LGD3;

Speculative Grade Liquidity Assessment is affirmed at SGL-3;

Rating outlook was revised to stable from negative.

RATINGS RATIONALE

The change in outlook to stable from negative reflects New
Enterprise's improved operating performance during the fiscal year
ended February 29, 2016. Adjusted EBITDA increased by 45% and
operating margin expanded to 8.7% from 3.1% for fiscal year ended
2015 and -0.9% for fiscal year ended 2014. Operating performance
reflects the benefits of the company's cost savings initiatives and
operating efficiency plan which began in the fourth quarter of FYE
2014, as well as modest improvement in its construction end
markets. However, adjusted EBIT-to-interest expense remains
significantly below 1.0x and is not expected to reach 1.0x in
fiscal year 2017 despite operating improvement. Adjusted
debt-to-EBITDA also remains high at 6.8x as of fiscal year end
February 29, 2016, albeit a substantial improvement from 9.6x one
year earlier. The majority of the company's debt matures in 2018;
however, the credit facilities will mature in December 2017 unless
the company refinances its secured notes due 2018 by that date.

The Caa1 Corporate Family Rating reflects the company's modest
scale, seasonality of its business, limited geographic
diversification, exposure to cyclical construction end markets,
concentration of business with Pennsylvania DOT, and high financial
leverage. The rating, however, is supported by the company's
adequate liquidity, strong position in its core markets, a slow and
modest recovery in construction spending, improving operating
margin, and prudent acquisition and growth strategy.

Moody's said, "New Enterprise's SGL-3 reflects an adequate
liquidity position. The company's liquidity is supported by its
modest cash balances and reliance on its $105 million ABL revolving
credit facility, offset by high working capital needs and limited
alternate liquidity sources as all assets are fully encumbered. At
February 28, 2016, the company had $41 million of unrestricted cash
balance and had approximately $80.6 million available and no
borrowings under its ABL credit facility. New Enterprise is
required to have a minimum trailing-twelve month EBITDA under its
credit facilities, which we expect the company to achieve with an
adequate cushion for FYE 2017."

Moody's indicated that an upgrade would be predicated upon New
Enterprise's refinancing its debt maturities and achieving a more
tenable capital structure. An upgrade would also require modest and
sustainable free cash flow generation and adjusted EBIT-to-interest
expense above 1.0x, driven by both EBIT expansion.

The rating would likely be downgraded if the company were to
experience a decline in profitability, stemming from a reversal in
construction spending or operational challenges. The ratings could
also be downgraded if adjusted debt-to-EBITDA leverage exceed 8.0x
for an extended period of time, or if liquidity and coverage
metrics deteriorate. Finally, the rating could also be downgraded
if there is no visibility into how the company will address its
debt maturities and the risk of the company's springing maturities
increase.

The principal methodology used in these ratings was Building
Materials Industry published in September 2014. Please see the
Ratings Methodologies page on www.moodys.com for a copy of this
methodology.

New Enterprise Stone & Lime, Co., Inc. is a privately held,
vertically-integrated construction materials supplier,
heavy/highway construction contractor, and traffic safety services
and equipment provider. The company operates three segments:
construction materials, heavy/highway construction and traffic
safety services and equipment. New Enterprise operates, owns or
leases 55 quarries and sand deposits (42 active), 28 hot mix
asphalt plants, 15 fixed and portable ready mixed concrete plants,
three lime distribution centers and two construction supply
centers. The company also conducts operations through four
manufacturing facilities and a number of sales offices for its
safety services and equipment business. New Enterprise's operations
are primarily concentrated in Pennsylvania and Western New York,
with reach into the adjacent states including Maryland, West
Virginia, and Virginia. New Enterprise's traffic safety services
and equipment business sell products nationally and sells services
primarily in the eastern United States. In fiscal year ending
February 28, 2016, the company generated $652 million in revenue
and $103.9 million in adjusted EBITDA.


NORFE GROUP: Seeks to Hire KPM Realty Advisors as Realtor
---------------------------------------------------------
Norfe Group Corp. seeks approval from the U.S. Bankruptcy Court for
the District of Puerto Rico to hire KPM Realty Advisors, Inc.

The Debtor tapped the firm to sell its property located along Road
PR-3, KM 2.6, Sabana Llana Ward, San Juan, Puerto Rico.

The firm will receive a fee, which is 5% of the purchase price of
the property, or 6% of the purchase price in the event a
prospective buyer represented by another broker acquires the
property.

Fernando Toro, president of KPM, disclosed in a court filing that
the firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code, according to court filings.

The firm can be reached through:

     Fernando L. Toro
     KPM Realty Advisors, Inc.
     d/b/a Cushman & Wakefield/
     Property Concepts Commercial
     PO Box 36083
     San Juan, PR 00936-0831
     Tel: (787) 977-7373
     Email: ftoro@propertyconceptscommercial.com

                        About Norfe Group

Norfe Group Corp. filed a Chapter 11 bankruptcy petition (Bankr.
D.P.R. Case No. 16-00285) in Old San Juan, Puerto Rico, on Jan.
20, 2016.  The petition was signed by David Efron, president.

The firm scheduled $17,269,436 in total assets and $31,441,591 in
total liabilities.

The Debtor tapped Charles Alfred Cuprill, Esq., at Charles A
Cuprill, PSC Law Office, as counsel.  CPA Luis R. Carrasquillo &
Co., P.S.C., serves as financial consultant.


NORTEL NETWORKS: Quinn & Pinckney Represent Solus & PointState
--------------------------------------------------------------
Pursuant to Rule 2019(a) of the Federal Rules of Bankruptcy
Procedure, Quinn Emanuel Urquhart & Sullivan, LLP, and Pinckney,
Weidinger, Urban & Joyce LLC, co-counsel to Solus Alternative Asset
Management LP and PointState Capital LP in the Chapter 11 cases of
Nortel Networks, Inc., et al., filed with the U.S. Bankruptcy Court
for the District of Delaware a second supplemental verified
statement to update the information contained in the Rule 2019
Statement.

The Counsel filed the Verified Statement of Quinn Emanuel Urquhart
& Sullivan LLP Pursuant to Bankruptcy Rule 2019 on July 15, 2015,
and the first supplemental verified statement to the Initial
Statement on March 8, 2016.  

Solus and PointState hold claims against or act as advisors or
investment managers to funds and accounts that hold claims against
certain of the Debtors' estates.  In accordance with Bankruptcy
Rule 2019 and based upon information provided to Counsel by Solus
and PointState, set forth is a list of the names, addresses and the
nature and amount of all disclosable economic interests held by
Solus and PointState and the funds and accounts they act as
advisors or investment managers of in relation to the Debtors as of
June 3, 2016:

      a. Solus
         410 Park Avenue
         New York, NY 10022

         -- $103,435,000 of 7.875% Senior Notes
            due 2026 issued by issued by Nortel
            Networks Limited fka Northern Telecom
            Limited and Nortel Networks
            Capital Corporation fka Northern
            Telecom Capital Corporation; and

         -- approximately $23,812,917.49 of general
            unsecured claims against Nortel Networks, Inc.

      b. PointState Capital LP
         40 West 57th St
         New York, NY 10019

         -- $34,500,000 of 7.875% Senior Notes
            due 2026 issued by NNL and NNCC;

         -- $85,000,000 of 1.75% Senior
            Convertible Notes due 2012 issued by
            Nortel Networks Corporation;
            $10,000,000 of 2.125% Senior
            Convertible Notes due 2014 issued by
            NNC;

         -- $1,805,000 of 10.125% Senior Notes
            due 2013 issued by NNL;

         -- $21,281,000 of 10.75% Senior Notes
            due 2016 issued by NNL;

         -- $10,000,000 of 6.875% Notes due 2023
            issued by NNL.

Solus retained Quinn Emanuel in February 2014; PointState retained
Quinn Emanuel in or about February 2016.  Quinn Emanuel does not
represent or purport to represent any entities other than Solus and
PointState in connection with the Debtors' Chapter 11 cases.  Upon
information and belief, Counsel does not hold any claims against,
or interests in, the Debtors.

Pinckney Weidinger can be reached at:

      Joanne Pileggi Pinckney, Esq.
      Seton C. Mangine, Esq.
      PINCKNEY, WEIDINGER, URBAN & JOYCE LLC
      Tel: (302) 504-1497
      3711 Kennett Square, Suite 210, Greenville,
      Delaware 19807
      E-mail: jpinckney@pwujlaw.com
              smangine@pwujlaw.com

Quinn Emanuel can be reached at:

      Susheel Kirpalani, Esq.
      James C. Tecce, Esq.
      QUINN, EMANUEL, URQUHART & SULLIVAN LLP
      52 Madison Avenue, 22nd Floor
      Tel: (212) 849-7000
      New York, New York 10010
      E-mail: susheelkirpalani@quinnemanuel.com
              jamestecce@quinnemanuel.com

                    About Nortel Networks

Headquartered in Ontario, Canada, Nortel Networks Corporation and
its various affiliated entities provided next-generation
technologies, for both service provider and enterprise networks,
support multimedia and business-critical applications.  Nortel did
Networks Limited was the principal direct operating subsidiary of
Nortel Networks Corporation.

On Jan. 14, 2009, Nortel Networks Inc.'s ultimate corporate parent
Nortel Networks Corporation, NNI's direct corporate parent Nortel
Networks Limited and certain of their Canadian affiliates
commenced
a proceeding with the Ontario Superior Court of Justice under the
Companies' Creditors Arrangement Act (Canada) seeking relief from
their creditors.  Ernst & Young was appointed to serve as monitor
and foreign representative of the Canadian Nortel Group.  That
same
day, the Monitor sought recognition of the CCAA Proceedings in
U.S.
Bankruptcy Court (Bankr. D. Del. Case No. 09-10164) under Chapter
15 of the U.S. Bankruptcy Code.

That same day, NNI and certain of its affiliated U.S. entities
filed voluntary petitions for relief under Chapter 11 of the U.S.
Bankruptcy Code (Bankr. D. Del. Case No. 09-10138).

In addition, the High Court of England and Wales placed 19 of
NNI's European affiliates into administration under the control of
individuals from Ernst & Young LLP.  Other Nortel affiliates have
commenced and in the future may commence additional creditor
protection, insolvency and dissolution proceedings around the
world.

On May 28, 2009, at the request of administrators, the Commercial
Court of Versailles, France, ordered the commencement of secondary
proceedings in respect of Nortel Networks S.A.  On June 8, 2009,
Nortel Networks UK Limited filed petitions in U.S. Bankruptcy
Court
for recognition of the English Proceedings as foreign main
proceedings under Chapter 15.

U.S. Bankruptcy Judge Kevin Gross presides over the Chapter 11 and
15 cases.  Mary Caloway, Esq., and Peter James Duhig, Esq., at
Buchanan Ingersoll & Rooney PC, in Wilmington, Delaware, serves as
Chapter 15 petitioner's counsel.

In the Chapter 11 case, James L. Bromley, Esq., and Howard S.
Zelbo, Esq., at Cleary Gottlieb Steen & Hamilton, LLP, in New
York,
serve as the U.S. Debtors' general bankruptcy counsel; Derek C.
Abbott, Esq., at Morris Nichols Arsht & Tunnell LLP, in
Wilmington,
serves as Delaware counsel.  The Chapter 11 Debtors' other
professionals are Lazard Freres & Co. LLC as financial advisors;
and Epiq Bankruptcy Solutions LLC as claims and notice agent.

The U.S. Trustee appointed an Official Committee of Unsecured
Creditors in respect of the U.S. Debtors.

An ad hoc group of bondholders also was organized.  An Official
Committee of Retired Employees and the Official Committee of
Long-Term Disability Participants tapped Alvarez & Marsal
Healthcare Industry Group as financial advisor.  The Retiree
Committee is represented by McCarter & English LLP as Delaware
counsel, and Togut Segal & Segal serves as the Retiree Committee.
The Committee retained Alvarez & Marsal Healthcare Industry Group
as financial advisor, and Kurtzman Carson Consultants LLC as its
communications agent.

Several entities, particularly, Nortel Government Solutions
Incorporated and Nortel Networks (CALA) Inc., have material
operations and are not part of the bankruptcy proceedings.

As of Sept. 30, 2008, Nortel Networks Corp. reported consolidated
assets of $11.6 billion and consolidated liabilities of $11.8
billion.  The Nortel Companies' U.S. businesses are primarily
conducted through Nortel Networks Inc., which is the parent of
majority of the U.S. Nortel Companies.  As of Sept. 30, 2008, NNI
had assets of about $9 billion and liabilities of $3.2 billion,
which do not include NNI's guarantee of some or all of the Nortel
Companies' about $4.2 billion of unsecured public debt.

Since the commencement of the various insolvency proceedings,
Nortel has sold its business units and other assets to various
purchasers.  Nortel has collected roughly $9 billion for
distribution to creditors.  Of the total, $4.5 billion came from
the sale of Nortel's patent portfolio to Rockstar Bidco, a
consortium consisting of Apple Inc., EMC Corporation,
Telefonaktiebolaget LM Ericsson, Microsoft Corp., Research In
Motion Limited, and Sony Corporation.  The consortium defeated a
$900 million stalking horse bid by Google Inc. at an auction.  The
deal closed in July 2011.

Nortel has filed a proposed plan of liquidation in the U.S.
Bankruptcy Court.  The Plan generally provides for full payment on
secured claims with other distributions going in accordance with
the priorities in bankruptcy law.

The trial on how to divide proceeds among creditors in the U.S.,
Canada, and Europe commenced on Sept. 22, 2014.  The question of
how to divide $7.3 billion raised in the international bankruptcy
of Nortel Networks Corp. was answered on May 12, 2015, by two
judges, one in the U.S. and one in Canada.

According to The Wall Street Journal, Justice Frank Newbould of
the
Ontario Superior Court of Justice in Toronto and Judge Kevin Gross
of the U.S. Bankruptcy Court in Wilmington, Del., agreed on the
outcome: a modified pro rata split of the money.


OUTER HARBOR: Can Cease Paying Protection Payments to Terex
-----------------------------------------------------------
The Honorable Laurie Selber Silverstein of the U.S. Bankruptcy
Court for the District of Delaware approved in its entirety Outer
Harbor Terminal, LLC's Second Stipulation with Terex Corporation
and Terex Financial Services, Inc., and together with HHH Oakland,
Inc., as the DIP Agent.

The Parties stipulated that Debtor no longer use the Personal
Property in its daily business operations, and pursuant to the
Bankruptcy Code, the Debtor now abandons and surrenders all right,
title and interest in and to the Personal Property. The Parties
further stipulates that Terex will remove the Personal Property
from the Debtor's premises on or before June 30, 2016.

In addition, the Parties has also stipulated that the Debtor will
have no further ongoing obligations to provide Adequate Protection
Payments, to maintain the insurance on the Personal Property, or to
pay the personal property taxes as required pursuant to the First
Stipulation, and that the DIP Agent's liens on and security
interests in the Personal Property securing the DIP Facility will
be released and terminated.

The Troubled Company Reporter has reported earlier that the Court
approved a stipulation between the Parties where they "agreed that
the Debtor will provide an adequate protection of any diminution in
value of the Terex's secured interest in the Debtor's Personal
Property by paying TFS the normal contractual payment of $141,168
per month in immediately available funds."

           About Outer Harbor Terminal

Outer Harbor Terminal, LLC -- aka Ports America Outer Terminal,
LLC, PAOH, and PAOHT -- is an Oakland, California-based port
operator.  It is a joint venture between Ports America and Terminal
Investment Ltd.

Outer Harbor is winding down operations.  Ports America is leaving
Oakland to concentrate its investments in other terminals that the
company operates in Tacoma, Los Angeles-Long Beach, New York-New
Jersey and Baltimore.

Oakland, California-based port operator Outer Harbor Terminal, LLC,
filed for Chapter 11 protection (Bankr. D. Del. Case No. 16-10283)
on Feb. 1, 2016.  The petition was signed by Heather Stack, chief
financial officer.  The Hon. Laurie Selber Silverstein is the case
judge.

The Debtor scheduled $103 million in assets and $370 million in
debt.

Milbank, Tweed, Hadley & Mccloy LLP is the Debtor's general
counsel.  Mark D. Collins, Esq., at Richards, Layton & Finger,
P.A., serves as its Delaware counsel.  Prime Clerk LLC is the
claims and noticing agent.


PAUL GREMILLION: July 7 Hearing to Approve Disclosure Statement
---------------------------------------------------------------
In the Chapter 11 case of Paul Gremillion, Sr., U.S. Bankruptcy
Judge Elizabeth W. Magner ruled that:

     1. The hearing to consider the approval of the Debtor's
Chapter 11 Disclosure Statement filed on May 31, 2016, will be held
July 7, 2016 at 2:00 p.m.

     2. June 30, 2016, is fixed as the last day for filing written
objections to the Disclosure Statement and for serving same in
accordance with Bankruptcy Rule 3017(a).

     3. No later than June 9, 2016, the Debtor's Chapter 11
Disclosure Statement, the Chapter 11 Plan of Reorganization, and a
copy of the Court's Order and Notice of Hearing shall be
transmitted by Debtor's counsel in accordance with Federal Rule of
Bankruptcy Procedure 3017(a).

     4.  No later than June 9, 2016, a copy of the Court's Order
and Notice of Hearing on the Debtor's Chapter 11 Disclosure
Statement shall be transmitted by the Debtor's counsel to all
creditors and parties in interest.

     5.  No later than June 13, 2016, an affidavit of mailing shall
be filed with this Court by counsel for the debtor.

Paul Gremillion, Sr. filed a voluntary Chapter 11 bankruptcy
petition (Bankr. E.D. La. Case No. 15-13063) on November 24, 2015,
and is represented by:

     John C. Anderson, Esq.
     Anderson & Daniels, LLC
     P.O. Box 82982
     Baton Rouge, LA 70884
     Tel: 225-292-8176
     Fax: 225-706-1413
     E-mail: jca@andersonfirm.net


PENN VIRGINIA: U.S. Trustee Appoints 2 More Creditors to Committee
------------------------------------------------------------------
The U.S. trustee for Region 4 on June 2 appointed two more
creditors of Penn Virginia Corp. and its affiliates to serve on the
official committee of unsecured creditors.

The two unsecured creditors are:

     (1) Excalibur Rentals, Inc.
         Attn: Aaron Pozzi
         640 N. Navarro
         Victoria, TX 77904

     (2) Patterson-UTI Drilling Company, LLC
         Attn: Martin Unrein
         450 ears Road, Ste. 500
         Houston, TX 77067

The bankruptcy watchdog had earlier appointed Dominion Transmission
Inc., Thomas Spackman and Wilmington Savings Fund Society, FSB,
court filings show.

                About Penn Virginia Corporation

Based in Radnor, Pennsylvania, Penn Virginia Corporation is an
independent oil and gas company engaged in the exploration,
development and production of oil, NGLs and natural gas in various
domestic onshore regions of the United States, with a primary focus
in the Eagle Ford Shale in South Texas.

Each of Penn Virginia Corporation, Penn Virginia Holding Corp.,
Penn Virginia MC Corporation, Penn Virginia MC Energy L.L.C., Penn
Virginia MC Operating Company L.L.C., Penn Virginia Oil & Gas
Corporation, Penn Virginia Oil & Gas GP LLC, Penn Virginia Oil &
Gas LP LLC and Penn Virginia Oil & Gas, L.P. filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. E.D. Va.
Case Nos. 16-32395 to 16-32403, respectively) on May 12, 2016. The
petitions were signed by Seth R. Bullock as chief restructuring
officer.

The Debtors have engaged Kirkland & Ellis LLP as counsel, Kutak
Rock LLP as local counsel, Jefferies LLC as investment banker,
Alvarez & Marsal North America, LLC as restructuring advisor,  KPMG
LLP as tax advisor and Epiq Bankruptcy Solutions, LLC as notice,
claims and balloting agent.  PJT Partners is acting as financial
advisor and Milbank, Tweed, Hadley & McCloy LLP is acting as legal
advisor to the ad hoc committee of noteholders.  Opportune LLP is
acting as financial advisor and Bracewell LLP is acting as legal
advisor to Wells Fargo (as agent) and the RBL lenders.

Judge Keith L. Phillips has been assigned the cases.


PHOENIX BRANDS: Hires Morrison Cohen as Counsel
-----------------------------------------------
Phoenix Brands, LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ Morrison
Cohen LLP as counsel, nunc pro tunc to the May 19, 2016 petition
date.

The Debtors require Morrison Cohen to:

   (a) provide legal advice with respect to the Debtors' powers
       and duties as debtors in possession in the continued
       operation of their business and management of their
       property;

   (b) prepare on behalf of the Debtors any necessary
       applications, motions, answers, orders, reports, and other
       legal papers;

   (c) appear in Court on behalf of the Debtors;

   (d) prepare and pursue confirmation of a plan and approval of a

       disclosure statement; and

   (e) perform other legal services for the Debtors that may be
       necessary and proper in these proceedings.

Morrison Cohen will be paid at these hourly rates:

       Joseph T. Moldovan        $750
       Robert K. Dakis           $585
       Jack Levy                 $650
       David J. Kozlowski        $500
       Sally Siconolfi           $475
       Neil Y. Siegel            $475
       Amy Watkin                $360

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

Morrison Cohen has received payments from the Debtors during the
year prior to the Petition Date in the amount of $2,627,292.97,
which includes $350,000 to be held as a retainer against
post-petition fees and expenses, which shall be paid pursuant to
the compensation procedures approved by this Court in accordance
with the Bankruptcy Code.

Joseph T. Moldovan, partner of Morrison Cohen, 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.

Morrison Cohen can be reached at:

       Joseph T. Moldovan, Esq.
       MORRISON COHEN LLP
       909 Third Avenue
       New York, NY 10022
       Tel: (212) 735-8600
       Fax: (212) 735-8708
       E-mail: bankruptcy@morrisoncohen.com

                   About Phoenix Brands

Phoenix Brands LLC and its three affiliates sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Delaware (Delaware) (Case Nos. 16-11242 to
16-11245) on May 19, 2016.  The petitions were signed by William
Littlefield, CEO and President.

The cases are assigned to Judge Brendan Linehan Shannon. A motion
for joint administration of the Chapter 11 cases is pending.  

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as local
counsel; Houlihan Lokey as investment banker; Getzler Henrich &
Associates LLC as financial advisor; Hunterpoint LLP as CRO
provider; and Osler, Hoskin & Harcourt LLP as Canadian Counsel.

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


PHOENIX BRANDS: Taps Getzler Henrich as Financial Advisor
---------------------------------------------------------
Phoenix Brands, LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ Getzler
Henrich & Associates LLC as financial advisor, nunc pro tunc to the
May 19, 2016 petition date.

The Debtors require Getzler Henrich to provide various financial
advisory services which may include,
but are not necessarily limited to:

   (a) management of all aspects of the Debtors' financial
       resource, including cash management and the evaluation of
       the Debtors' cash and liquidity requirements, and the
       oversight/review of its cash flow and related financial
       projections;

   (b) coordinating the efforts of the Debtors' management, its
       employees, and its external professionals in connection
       with any potential transactional efforts, including any
       refinancing of the Debtors' senior secured credit
       obligations or any other equity or investment efforts; and

   (c) directing the management of the obligations owed by the
       Debtors to its significant creditors, including without
       limitation, the Debtors' secured lenders and its trade
       creditors, as well as lender and bankruptcy administrative
       reporting requirements.

Getzler Henrich has agreed to be paid a flat weekly tee of $9,500
plus reasonable out-of-pocket expenses.

Getzler Henrich has provided prepetition financial and
restructuring services to the Debtors. During the one-year period
prior to the commencement of these chapter ll cases, Getzler
Henrich received $551,875.42 from the Debtors for services
performed and expenses incurred prior to the Petition Date.
Additionally, Getzler Henrich holds a retainer in the amount of
$48,100.

William H. Henrich, co-chairman of Getzler Henrich, 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.

Getzler Henrich can be reached at:

       William H. Henrich
       GETZLER HENRICH & ASSOCIATES, LLC
       295 Madison Avenue, 20th Floor
       New York, NY 10017
       Tel: (212) 697-2400
       Fax: (212) 697-4812

                      About Phoenix Brands

Phoenix Brands LLC and its three affiliates sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Delaware (Delaware) (Case Nos. 16-11242 to
16-11245) on May 19, 2016.  The petitions were signed by William
Littlefield, CEO and President.

The cases are assigned to Judge Brendan Linehan Shannon. A motion
for joint administration of the Chapter 11 cases is pending.  

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as local
counsel; Houlihan Lokey as investment banker; Getzler Henrich &
Associates LLC as financial advisor; Hunterpoint LLP as CRO
provider; and Osler, Hoskin & Harcourt LLP as Canadian Counsel.

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


PHOENIX BRANDS: Taps Houlihan Lokey as Investment Banker
--------------------------------------------------------
Phoenix Brands, LLC, et al., seek authorization from the U.S.
Bankruptcy Court for the District of Delaware to employ Houlihan
Lokey Capital, Inc. as investment banker, nunc pro tunc to the May
19, 2016 petition date.

The Debtors require Houlihan Lokey to provide:

   (a) assisting the Debtors in the development, preparation, and
       distribution of selected information, documents and other
       materials in an effort to create interest in and to
       consummate any Transactions, including, if appropriate,
       coordinating and assisting the Debtors in the preparation
       of an offering memorandum;

   (b) soliciting and evaluating indications of interest and
       proposals regarding any Transactions from current and/or
       potential equity investors, acquirers and/or strategic
       partners;

   (c) assisting the Debtors with the development, structuring,
       negotiation and implementation of any Transactions,
       including participating as a representative of the Debtors
       in negotiations with creditors and other parties involved
       in any Transactions;

   (d) advising and attending meetings of the Debtors' Board of
       Directors, creditor groups and their counsel, official
       constituencies and other interested parties, as the Debtors

       and Houlihan Lokey mutually agree;

   (e) providing expert advice and testimony regarding financial
       matters related to any Transactions, if necessary; and

   (f) providing such other investment banking services as agreed
       upon by Houlihan Lokey and the Debtors.

The Debtors will pay Houlihan Lokey this fee structure:

   -- A monthly fee of $50,000. One hundred percent of the Monthly

      Fees previously paid on a timely basis to Houlihan Lokey
      shall be credited against the Transaction Fees;

   -- In addition to the other fees provided, the Debtors will pay

      Houlihan Lokey the following transaction fees:

      Upon closing of each Transaction, Houlihan Lokey will earn
      directly from the gross process of such Transaction, as cost

      of such Transaction a cash fee based upon Aggregate Gross
      Consideration, calculated as:

      For AGC up to $25 million: $750,000, plus

      For AGC from $25 million to $30 million: 2.5% of such
      incremental AGC, plus

      For AGC in excess of $30 million: 5% of such incremental
      AGC.

      If more than one Transaction is consummated, Houlihan Lokey
      will be compensated based on the AGC from all Transactions,
      calculated in the manner set above; subject to a minimum
      Transaction Fee of $200,000 for the second and each
      subsequent Transaction.

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

Ryan Sandahl, director of Houlihan Lokey, 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.

Houlihan Lokey can be reached at:

       Ryan Sandahl
       HOULIHAN LOKEY CAPITAL, INC.
       123 North Wacker Dr., 4th Flr.
       Chicago, IL 60606
       Tel: (312) 456-4796
       Fax: (312) 346-0951

                      About Phoenix Brands

Phoenix Brands LLC and its three affiliates sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the District of Delaware (Delaware) (Case Nos. 16-11242 to
16-11245) on May 19, 2016.  The petitions were signed by William
Littlefield, CEO and President.

The cases are assigned to Judge Brendan Linehan Shannon. A motion
for joint administration of the Chapter 11 cases is pending.  

The Debtors tapped Pachulski Stang Ziehl & Jones LLP as local
counsel; Houlihan Lokey as investment banker; Getzler Henrich &
Associates LLC as financial advisor; Hunterpoint LLP as CRO
provider; and Osler, Hoskin & Harcourt LLP as Canadian Counsel.

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



POSITIVEID CORP: Closes $624,000 SPA with Union Capital
-------------------------------------------------------
PositiveID Corporation closed on June 2, 2016, a Securities
Purchase Agreement with Union Capital, LLC, providing for the
purchase of two Convertible Redeemable Notes in the aggregate
principal amount of $624,000, with the first note being in the
amount of $312,000 and the second note being in the amount of
$312,000.  Union Note I has been funded, with the Company receiving
$300,000 of net proceeds (net of original issue discount).  With
respect to the Union Note II, Union issued a secured note to the
Company in the same amount to offset the Union Note II.  The
funding of Union Note II is subject to certain conditions as
described in Union Note II.  Union is required to pay the principal
amount of the Union Secured Note in cash and in full prior to
executing any conversions under the Union Note II. The Union Notes
bear an interest rate of 12%, and are due and payable on June 2,
2017.  The Union Notes may be converted by Union at any time into
shares of Company's common stock (as determined in the Notes)
calculated at the time of conversion, except for Union Note II,
which requires full payment of the Union Secured Note by Union
before conversions may be made.

The Union Notes are long-term debt obligations that are material to
the Company.  The Union Notes may be prepaid in accordance with the
terms set forth in the Union Notes.  The Union 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 Union Notes in the event of such defaults.  In the event of
default, at the option of Union and in Union's sole discretion,
Union may consider the Union 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 March 31, 2016, PositiveID had $3.61 million in total assets,
$17.9 million in total liabilities, and a total stockholders'
deficit of $14.3 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.


PROJECT AURORA: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service affirmed Project Aurora Holdings, Inc.'s
("SolarWinds") B2 corporate family rating and the B1 ratings on its
upsized senior secured first lien credit facilities after its
acquisition of LogicNow. SolarWinds added an incremental $160
million tranche to its first lien facilities, $100 million in new
second lien notes (unrated) and new equity to finance the
acquisition. LogicNow is a provider of remote monitoring software
targeted to mid-sized managed service providers. The ratings
outlook was revised to negative from stable reflecting the
increased debt and significant restructuring for the LogicNow
acquisition so soon after SolarWinds initiated its own
restructuring program. SolarWinds was acquired by private equity
firms Silver Lake and Thoma Bravo in January 2016.

RATINGS RATIONALE

The B2 corporate family rating continues to reflect SolarWinds very
high leverage levels partially offset by the company's demonstrated
cash generating capabilities and unusually strong growth prospects.
At closing of the LogicNow acquisition, debt to trailing cash-based
EBITDA well exceeds 8x but is expected to decline to under 7x over
the next 12 to 18 months driven by a combination of cost cuts, and
double digit revenue growth. If not for the exceptional growth
prospects, the ratings would be lower. The growth is driven by the
company's unique business model which emphasizes low priced IT
infrastructure management and monitoring software and ability to
consistently develop or acquire relevant software tools. The
company has achieved this growth while maintaining very high
operating margins (cash EBITDA margins over 50%) partly driven by
the company's efficient, low cost sales and marketing structure.
While the SolarWinds and LogicNow have consistently achieved double
digit organic revenue growth over the past four years, the company
is cutting costs as part of SolarWinds going private transaction as
well as cutting costs as part of integrating LogicNow, which could
negatively impact its growth profile. Given the reliance on cost
cuts to meet its plans, and the potential negative impact on the
business, the company is considered weakly positioned in the B2
rating category.

SolarWinds has taken out a significant portion of its targeted cost
reduction since going private in January 2016. Some of the
reduction was driven by larger than expected employee attrition
which likely hampered sales in Q1 and Q2 2016. While license sales
declined meaningfully year over year in Q1 2016, overall revenues
grew at a double digit rate driven by strong maintenance renewals
and strong growth in subscription revenues.

LogicNow's mid-market focused remote monitoring product should be
complementary to SolarWinds's large enterprise focused offering.
Both firms are significant suppliers of software to the IT based,
managed service provider industry. Though SilverLake and Thoma
Bravo are contributing a significant amount of equity to the
acquisition, SolarWinds is adding additional integration risk to
already elevated risks as a result of its LBO and its own cost
cutting strategy.

The ratings could be downgraded if growth slows significantly or
cash-based leverage is not on track to get well below 7x and free
cash flow to debt above 5%. Additional debt funded acquisitions
before the company achieves those levels could also cause downward
pressure on the ratings. Though unlikely in the near term, the
ratings could be upgraded if cash-based leverage is sustained below
5.5x while growth rates remain high.

Liquidity is expected to be good based on an estimated $50 million
of cash on hand at closing, a $125 million revolver (estimated $20
million drawn at closing) and modest but positive free cash flow
over the next year.

Outlook Actions:

Issuer: Project Aurora Holdings, Inc.

-- Outlook, Changed To Negative From Stable

Affirmations:

Issuer: Project Aurora Holdings, Inc.

-- Probability of Default Rating, Affirmed B2-PD

-- Corporate Family Rating, Affirmed B2

-- Senior Secured Bank Credit Facilities, Affirmed B1 (LGD3)


QUANTUM CORP: Eric Singer Reports 11.2% Stake as of May 31
----------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, Eric Singer disclosed that as of May 31, 2016, he
beneficially owns 29,531,722 shares of common stock of Quantum
Corporation representing 11.2 percent of the shares outstanding.
Also included in the filing are VIEX Opportunities Fund, LP -
Series One (7,407,865 shares); VIEX Opportunities Fund, LP - Series
Two (1,413,191 shares); VIEX Special Opportunities Fund III, LP
(20,710,666 shares); VIEX GP, LLC (8,821,056 shares); VIEX Special
Opportunities GP III, LLC (20,710,666 shares); and VIEX Capital
Advisors, LLC (29,531,722 shares).  A copy of the regulatory filing
is available for free at https://is.gd/rcaGEA

                        About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.

Quantum reported net income of $16.7 million on $553 million of
total revenue for the year ended March 31, 2015, compared to a net
loss of $21.5 million on $553 million of total revenue for the
year ended March 31, 2014.

As of Dec. 31, 2015, the Company had $278 million in total assets,
$355 million in total liabilities and a $76.9 million total
stockholders' deficit.


QUANTUM CORP: Incurs $74.7 Million Net Loss in Fiscal 2016
----------------------------------------------------------
Quantum Corporation filed with the Securities and Exchange
Commission its annual report on Form 10-K disclosing a net loss of
$74.7 million on $476 million of total revenue for the year ended
March 31, 2016, compared to net income of $16.8 million on $553
million of total revenue for the year ended March 31, 2015.

As of March 31, 2016, Quantum Corp had $230 million in total
assets, $356 million in total liabilities and a stockholders'
deficit of $127 million.

"We have significant indebtedness, which imposes upon us debt
service obligations, and our credit facility contains various
operating and financial covenants that limit our discretion in the
operation of our business.  If we are unable to generate sufficient
cash flows from operations and overall operating results to meet
these debt obligations or remain in compliance with the covenants,
our business, financial condition and operating results could be
materially and adversely affected."

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

                    https://is.gd/3mSp6w

                     About Quantum Corp.

Based in San Jose, California, Quantum Corp. (NYSE:QTM) --
http://www.quantum.com/-- is a storage company specializing in
backup, recovery and archive.  Quantum provides a comprehensive,
integrated range of disk, tape, and software solutions supported
by a world-class sales and service organization.


QUICKSILVER RESOURCES: Has Until Aug. 20 to Exclusive File Plan
---------------------------------------------------------------
The Hon. Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware has extended, at the behest of Quicksilver
Resources Inc., et al., the Debtor's exclusive plan filing period
through and including Aug. 20, 2016, and the exclusive period to
solicit acceptances for that plan through and including Sept. 10,
2016.

As reported by the Troubled Company Reporter on May 18, 2016, the
Debtors sought to extend the Exclusive Periods, telling that Court
that they are preparing, and expect, to file a joint Chapter 11
plan of liquidation imminently, and that they have reached an
agreement with their key stakeholders regarding the terms of the
Plan, which provides for, among other things, the payment of
administrative and priority claims, the distribution of between
$17.5 and $25 million to general unsecured creditors, and the
distribution of the Debtors' remaining assets to the second lien
holders.  The parties are in the process of finalizing the Plan,
disclosure statement, and other plan-related documents.

                    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.


REALOGY HOLDINGS: Extends Securitization Program Until June 2017
----------------------------------------------------------------
Realogy Group LLC, an indirect subsidiary of Realogy Holdings
Corp., and its subsidiaries amended the existing Apple Ridge
Funding LLC securitization program utilized by Realogy Group's
relocation services operating unit, Cartus Corporation.  This was
effected pursuant to an Amendment to the Note Purchase Agreement
dated as of June 1, 2016, by and among Cartus, Realogy Group, the
managing agents, committed purchasers and conduit purchasers named
therein, and Credit Agricole Corporate and Investment Bank, as
administrative agent.

The managing agents, committed purchasers and/or conduit purchasers
that are parties to the Note Purchase Agreement are CA-CIB,
Atlantic Asset Securitization LLC, The Bank of Nova Scotia, Liberty
Street Funding LLC, Wells Fargo Bank, National Association,
Barclays Bank PLC and Sheffield Receivables Company LLC.

The Amendment to the Note Purchase Agreement, among other things,
extends the securitization program until June 9, 2017, subject to
extension for an additional period of 364 days.

                     About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in
residential real estate franchising with company-owned real estate
brokerage operations doing business under its franchise systems as
well as relocation and title services.  Realogy's brands and
business units include Better Homes and Gardens(R) Real Estate,
CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R),
The Corcoran Group(R), ERA(R), Sotheby's International Realty(R),
NRT LLC, Cartus and Title Resource Group.  Collectively, Realogy's
franchise system members operate approximately 13,500 offices with
251,000 independent sales associates doing business in 104
countries around the world. Realogy is headquartered in Madison,
N.J.

Realogy Holdings reported net income attributable to the Company of
$143 million on $5.32 billion of net revenues for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $438 million on $5.28 billion of net revenues during the prior
year.

As of March 31, 2016, Realogy Holdings had $7.40 billion in total
assets, $5.04 billion in total liabilities and $2.35 billion in
total equity.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


REALOGY HOLDINGS: Issues $500 Million Senior Notes Due 2023
-----------------------------------------------------------
Realogy Group LLC, together with Realogy Co-Issuer Corp., the
Company's wholly-owned subsidiary, issued $500 million aggregate
principal amount of 4.875% Senior Notes due 2023, under an
indenture, dated as of June 1, 2016, among the Issuers, Realogy
Holdings Corp., an indirect parent of the Company, the Note
Guarantors and The Bank of New York Mellon Trust Company, N.A., as
trustee for the Notes.  The Notes were issued on June 1, 2016, in a
private offering exempt from the registration requirements of the
Securities Act of 1933, as amended, to qualified institutional
buyers in accordance with Rule 144A under the Securities Act and to
persons outside of the United States pursuant to Regulation S under
the Securities Act.

The Company used the net proceeds from the offering of the Notes of
approximately $495 million to reduce outstanding borrowings under
its revolving credit facility and intends to use the remaining
balance for general corporate purposes, which may include
additional debt transactions.  The Company continues to evaluate a
potential debt transaction in which the Company would extend the
maturity date on its Term Loan B facility and reduce the
outstanding principal amount under such facility.  There can be no
assurances that the Company will be able to complete any such
transaction on acceptable terms or at all, and its ability to do so
will depend upon numerous factors such as market conditions, many
of which are outside the Company's control.

The Notes are unsecured senior obligations of the Company and will
mature on June 1, 2023.  The Notes bear interest at a rate of
4.875% per annum.  Interest on the Notes will be payable
semiannually to holders of record at the close of business on May
15 or November 15 immediately preceding the interest payment date
on June 1 and December 1 of each year, commencing Dec. 1, 2016.

The Notes are jointly and severally guaranteed by each of the
Company's existing and future U.S. subsidiaries that is a guarantor
under its senior secured credit facilities or that guarantees
certain other indebtedness in the future, subject to certain
exceptions, and by Holdings on an unsecured senior subordinated
basis.

Prior to March 1, 2023, the Issuers may redeem the Notes at their
option, in whole or in part, at a redemption price equal to 100% of
the principal amount of such Notes redeemed plus a "make-whole"
premium as of, and accrued and unpaid interest, if any, to, but
excluding, the applicable redemption date (subject to the right of
holders of record on the relevant record date to receive interest
due on the relevant interest payment date).  On or after March 1,
2023 (three months prior to the maturity date of the Notes), the
Issuers may redeem all or a portion of the Notes at a price equal
to 100% of the principal amount of the Notes to be redeemed, plus
accrued and unpaid interest, if any, to, but excluding, the
applicable redemption date (subject to the right of holders of
record on the relevant record date to receive interest due on the
relevant interest payment date).

Additional information is available for free at:

                         https://is.gd/STmoXy

                     About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in
residential real estate franchising with company-owned real estate
brokerage operations doing business under its franchise systems as
well as relocation and title services.  Realogy's brands and
business units include Better Homes and Gardens(R) Real Estate,
CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R),
The Corcoran Group(R), ERA(R), Sotheby's International Realty(R),
NRT LLC, Cartus and Title Resource Group.  Collectively, Realogy's
franchise system members operate approximately 13,500 offices with
251,000 independent sales associates doing business in 104
countries around the world. Realogy is headquartered in Madison,
N.J.

Realogy Holdings reported net income attributable to the Company of
$143 million on $5.32 billion of net revenues for the year ended
Dec. 31, 2014, compared to net income attributable to the Company
of $438 million on $5.28 billion of net revenues during the prior
year.

As of March 31, 2016, Realogy Holdings had $7.40 billion in total
assets, $5.04 billion in total liabilities and $2.35 billion in
total equity.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


RELATIVITY FASHION: Netflix Can't Distribute Films in Advance
-------------------------------------------------------------
In the case captioned In re: RELATIVITY FASHION, LLC, et al.,
Debtors, Case No. 15-11989 (MEW)(Jointly Administered)(Bankr.
S.D.N.Y.), Judge Michael E. Wiles of the United States Bankruptcy
Court for the Southern District of New York enjoins Netflix from
contending that the prior Notices of Assignment have given Netflix
the rights to distribute "Masterminds" and "The Disappointments
Room" at any time prior to the times when they would be available
for distribution under the terms of the license agreement itself
without regard to those prior Notices of Assignment.

The matter was brought before the bankruptcy court nominally by all
of the reorganized debtors, but in fact primarily, if not solely,
on behalf of three of them: RML Distribution Domestic, LLC; DR
Productions, LLC; and Armored Car Productions, LLC.  The
reorganized debtors asked the court to compel Netflix to execute
proposed amendments to two Notices of Assignment that relate to the
films "Masterminds" and "The Disappointments Room."  The original
Notices of Assignment were issued under a license agreement between
Netflix and RML Distribution.

Netflix contended that the current Notices of Assignment give
Netflix the right to distribute and stream the two movies beginning
June 17th, 2016 in the case of "Masterminds" and June 30, 2016 in
the case of the "Disappointments Room."  Netflix claimed that it
has that right notwithstanding the fact that the films have not
been theatrically released and notwithstanding the contrary plans
for these films that the reorganized debtors previously announced
and that were the subject of testimony at the confirmation hearing
before the district court in February 2016 and in the confirmatory
findings hearing in March 2016.

The reorganized debtors disputed Netflix’s contentions and also
argued that Netflix should be barred from taking the position that
it now takes and from refusing to execute the proposed
amendments to the Notices of Assignment on grounds of res judicata
and judicial estoppel.

Netflix responded that any dispute over whether Netflix is required
to do what the debtors ask must be arbitrated.  The debtors argued
that arbitration is not required by the parties’ agreements.

Judge Wiles entered an order that:

          -- requiring Netflix to confirm, for the benefit of the
production lenders, that the license fees payable with respect to
these movies have been assigned to the lenders as collateral, and
will be paid to the lenders when such amounts are due;

          -- enjoining any continuation of the arbitration
proceeding that Netflix purported to commence; and

          -- providing that all of these terms will take effect
immediately, and be without prejudice to further proceedings in
which the debtors and lenders may seek to obtain specific
new outside dates in new Notices of Assignment from Netflix.

A full-text copy of Judge Wiles' May 27, 2016 order is available at
http://bankrupt.com/misc/RELATIVITY19480601.pdf.

APPEARANCES:

          JONES DAY
          Attorneys for Debtors
          222 East 41st Street
          New York, NY 10017
          By: Richard L. Wynne, Esq.
              Todd R. Geremia, Esq.
          Email: rlwynne@jonesday.com
                 trgeremia@jonesday.com

            -- and --

          555 South Flower Street
          Fiftieth Floor
          Los Angeles, CA 90071
          By: Bennett L. Spiegel, Esq.
          Email: blspiegel@jonesday.com

          TOGUT, SEGAL & SEGAL LLP
          Attorneys for the Litigation Trust
          One Penn Plaza
          New York, NY 10119
          By: Frank A. Oswald, Esq.
          Email: frankoswald@teamtogut.com

          SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
          Attorneys for Ryan Kavanaugh
          300 South Grand Avenue
          Suite 3400
          Los Angeles, CA 90071
          By: Van C. Durrer II, Esq.
          Email: van.durrer@skadden.com

            -- and --

          4 Times Square
          New York, NY 10036
          By: Jonathan L. Frank, Esq.
          Email: jonathan.frank@skadden.com

          MCNUTT LAW GROUP LLP
          Attorneys for Netflix
          219 9th Street
          San Francisco, CA 94103
          By: Scott H. McNutt, Esq.
              Shane J. Moses, Esq.
          Email: smcnutt@ml-sf.com
                 smoses@ml-sf.com

          BARNES & THORNBURG LLP
          Attorneys for Netflix
          2029 Century Park East
          Suite 300
          Los Angeles, CA 90067
          By: Stephen R. Mick, Esq.
          Email: smick@btlaw.com

          LOEB & LOEB LLP
          Attorneys for CIT
          345 Park Avenue
          New York, NY 10154
          By: Walter H. Curchack, Esq.
          Email: wcurchack@loeb.com

                    About Relativity Fashion

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

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

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

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

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

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

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

                          *     *     *

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

After selling their TV business, the Debtors and CEO Ryan C.
Kavanaughfiled a proposed plan of reorganization that will allow
the Debtors to reorganize their non-TV business units with a
substantially de-levered balance sheet utilizing new equity
investments and new financing.  

Jim Cantelupe, of Summit Trail Advisors, LLC, assisted the Debtors
in raising up to $100 million of new equity to fund the Plan.

The Bankruptcy Court on Feb. 8, 2016 confirmed the Debtors' Fourth
Amended Plan.  A copy of the Fourth Amended Plan is available at
http://is.gd/wZI1gd


REPUBLIC AIRWAYS: US Trustee Appoints Residco as Committee Member
-----------------------------------------------------------------
The U.S. trustee for Region 2 on June 3 appointed Residco (ALF IV,
INC) to the official committee of unsecured creditors of Republic
Airways Holdings Inc. and its affiliates.  

Residco replaced NAC Aviation 23 Limited, according to a filing
with the U.S. Bankruptcy Court for the Southern District of New
York.

The unsecured creditors' committee is now composed of:

     (1) GE Engine Services, LLC
         1 Neumann Way, MD F125
         Cincinnati, Ohio 45215
         Attention: T. Kellan Grant
         Senior Counsel Commercial Engines & Finance
         Telephone: (513) 243-0080

     (2) Pratt &Whitney Component Services
         c/o United Technologies Corp.
         400 Main Street M/S 133-54
         East Hartford, Connecticut 06118
         Attention: F. Scott Wilson
         Associate General Counsel
         Telephone: (860) 565-7364

     (3) Embraer S.A.
         c/o Embraer Aircraft Holding, Inc.
         276 S.W. 34th Street
         Ft. Lauderdale, Florida 33315
         Attention: Sergio Guedes, Director, Sales Finance
         Telephone: (954) 359-3786

     (4) United Airlines, Inc.
         233 S. Wacker Drive – 14th Floor-HDQUE
         Chicago, Illinois 60606
         Attention: David Leib
         Managing Director – Treasury
         Telephone: (872) 825-2718

     (5) American Airlines, Inc.
         4333 Amon Carter Blvd.
         Fort Worth, Texas 76155
         Attention: Thomas T. Weir
         Vice President & Treasurer

     (6) Residco (ALF IV, INC)
         70 W. Madison Street, Suite 2340
         Chicago, IL 60602
         Attention: Glenn Davis
         Telephone: (312) 635-3161

     (7) International Brotherhood of Teamsters Airline Division
         25 Louisiana Avenue, N.W.
         Washington, D.C. 20001
         Attention: David P. Bourne
         Director
         Telephone: (202) 624-6848

                    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.

The U.S. Trustee for Region 2 appointed seven creditors of Republic
Airways Holdings Inc. to serve on the official committee of
unsecured creditors. The Committee retained Morrison & Foerster LLP
as attorneys and Imperial Capital, LLC, as investment banker and
co-financial advisor.


RESIDENTIAL CAPITAL: Court Disallows 4 Claims Filed by Tia Smith
----------------------------------------------------------------
In the case captioned In re: RESIDENTIAL CAPITAL, LLC, et al.,
Debtors, Case No. 12-12020(MG) Chapter 11 Jointly Administered
(Bankr. S.D.N.Y.), Judge Martin Glenn of the United States
Bankruptcy Court for the Southern District of New York disallowed
and expunged claims 3889, 4129, 4134 and 4139 filed by Tia Smith.

Judge Glenn held that Smith failed to prove that a representative
of Homecomings Financial, LLC and/or GMAC Mortgage, LLC informed
her in November 2007 that she needed to skip three monthly payments
to qualify for a loan modification and, thus, she failed to prove a
violation of the the California Unfair Competition Law.  The judge
also found that, even if the alleged representations were made,
Smith failed to prove that she is entitled to recover damages or
any other relief.

A full-text copy of Judge Glenn's June 3, 2016 order is available
at http://bankrupt.com/misc/RESIDENTIALCAPITAL99170603.pdf.

ResCap Borrower Claims Trust is represented by:

          Jordan A. Wishnew, Esq.
          Jessica J. Arett, Esq.
          MORRISON & FOERSTER LLP
          250 West 55th Street
          New York, NY 10019
          Tel: (212)468-8000
          Fax: (212)468-7900
          Email: jwishnew@mofo.com
                 jarett@mofo.com

Tia Smith is represented by:

          Wendy Alison Nora, Esq.
          ACCESS LEGAL SERVICES
          310 Fourth Avenue South, Suite 5010l
          Minneapolis, MN 55415
          Tel: (612)333-4144
          Fax: (608)497-1026

                    About Residential Capital

Residential Capital LLC, the unprofitable mortgage subsidiary of
Ally Financial Inc., filed for bankruptcy protection (Bankr.
S.D.N.Y. Lead Case No. 12-12020) on May 14, 2012.  Neither Ally
Financial nor Ally Bank is included in the bankruptcy filings.

ResCap, one of the country's largest mortgage originators and
servicers, was sent to Chapter 11 with 50 subsidiaries amid
"continuing industry challenges, rising litigation costs and
claims, and regulatory uncertainty," according to a company
statement.

ResCap disclosed $15.7 billion in assets and $15.3 billion in
liabilities at March 31, 2012.

Centerview Partners LLC and FTI Consulting are acting as financial
advisers to ResCap.  Morrison & Foerster LLP is acting as legal
adviser to ResCap.  Curtis, Mallet-Prevost, Colt & Mosle LLP is the
conflicts counsel.  Rubenstein Associates, Inc., is the public
relations consultants to the Company in the Chapter 11 case.
Morrison Cohen LLP is advising ResCap's independent directors.
Kurtzman Carson Consultants LLP is the claims and notice agent.

Ray C. Schrock, Esq., at Kirkland & Ellis LLP, in New York, serves
as counsel to Ally Financial.

ResCap sold most of the businesses for a combined $4.5 billion.
The Bankruptcy Court in November 2012 approved ResCap's sale of its
mortgage servicing and origination platform assets to Ocwen Loan
Servicing, LLC and Walter Investment Management Corporation for $3
billion; and its portfolio of roughly 50,000 whole loans to
Berkshire Hathaway for $1.5 billion.

Judge Martin Glenn in December 2013 confirmed the Joint Chapter 11
Plan co-proposed by Residential Capital and the Official Committee
of Unsecured Creditors.


RICEBRAN TECHNOLOGIES: LF-RB, et al., Seek to Nominate 5 Directors
------------------------------------------------------------------
LF-RB Management, LLC, and certain shareholders, which beneficially
own an aggregate of 952,569 shares of the common stock of RiceBran
Technologies, filed preliminary proxy materials with the Securities
and Exchange Commission on June 1, 2016, available at
http://www.sec.gov/, seeking the election of "five
highly-qualified directors" at the June 22, 2016, Annual Meeting of
Shareholders of RIBT.

Many members of the LF-RB Group are long-term shareholders of the
Company.  Over this time, they have consistently sought to work
constructively with the management and the Board in an effort to
improve the Company's strategy, cost structure, capital allocation,
executive compensation, and corporate governance; all with the aim
of creating long-term shareholder value.

"We have made repeated attempts to work cooperatively and
constructively with the Company to achieve our objective of
creating a Board that would truly represent the best interests of
all shareholders.  Unfortunately, throughout our discussions with
the current RiceBran Board, the Board has failed to seriously
address our concerns, and it has become clear that the Board will
only take action in reaction to significant shareholder pressure.
As a last resort, we are seeking your support to elect five highly
qualified and experienced executives and investor/owners to the
Board of Directors of the Company at the June 22, 2016 Annual
Meeting of Shareholders,' said Gary L. Herman, LF-RB's managing
member.

"As a long-term investor in RiceBran, we are focused on changes
that we believe are essential to establish a platform for long-term
shareholder value creation.  We believe the current Board is
entrenched and that its interests are not properly aligned with the
interests of the Company's shareholders.  RiceBran's directors
appear complacent about current management's weak strategic
execution, ineffective financial stewardship and mediocre
performance.  Given the duration and magnitude of RiceBran's
underperformance under the leadership of the current Board members,
we believe the best outcome for our fellow long-term shareholders
would be driven by changes at the Board and management levels.
Highlights of this destruction of shareholder value, as well as the
Company's stagnant financial performance, are set forth below:

    During the period from December 31, 2012 to May 30, 2016,
    RiceBran's Common Stock has experienced an absolute stock
    price decline of 86.2%, from $10.80 per share to $1.49 per
    share.
    
    During the tenure of most members of the current Board, from
    2012 to 2015, the Company accumulated $55.8 million in net
    losses attributable to RiceBran shareholders.  Despite these
    losses, the total compensation of the Company's Named
    Executive Officers compensation was more than $7 million
    during that period.
    
    The current Board has approved several rounds of financing of
    more than $30 million in the aggregate, which not only diluted
    equity ownership but, more importantly, the allocation of that
     capital has yet to translate into improved shareholder value.

"We believe that the Company's disappointing financial performance,
as reflected by the significant decrease in the market price of the
Company's common shares, has created an urgent need for the
Company's shareholders to vote to effect a substantial change to
the Company's Board of Directors.

"We also believe RiceBran has a path to revitalize its valuation,
revenue and income based on the following reasonable business,
operating and financial strategies, among others:

   * Appoint a new CEO with relevant experience to turn around the

     Company's business, and evaluate the performance of the CFO
     and other members of senior management and, if necessary and
     appropriate, replace them with experienced executive
     candidates we have identified or will identify.
   
  *  Conduct a thorough assessment of the Brazilian and low margin

     animal feed businesses Right-size SG&A expenses to fit more
     in line with the Company's revenue.

   * Implement a growth plan that is focused on effectively
     utilizing the Company's resources to penetrate the food,
     beverage and nutraceuticals markets and drive product
     adoption and sales.

"Due to this Board's governance failures and the Company's lack of
value creation, the LF-RB Group strongly believes that substantial
change and fresh experience on the RIBT Board is critical to our
goal of increasing value for all shareholders.

"We are disappointed that the RIBT Board has failed to meaningfully
engage with us on what we believe is a long overdue change to the
Board and the senior management team.  While the LF-RB Group
continues to be open to dialog with the Company to find a
resolution that is in the best interests of shareholders, we filed
preliminary proxy materials with the Securities and Exchange
Commission yesterday.  The LF-RB Group is seeking the election of
five highly qualified individuals to the RIBT Board, which is
comprised of seven directors in total, at the 2016 Annual Meeting
of Shareholders."

                          About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran reported a net loss of $10.6 million on $39.9 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $26.6 million on $40.10 million of revenues for the year ended
Dec. 31, 2014.

As of March 31, 2016, RiceBran had $34.9 million in total assets,
$26.9 million in total liabilities and $7.66 million in total
equity attributable to the Company's shareholders.

The Company's auditors 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 resulting in an accumulated
deficit of $251 million at December 31, 2015.  This factor among
other things, raises substantial doubt about its ability to
continue as a going concern.


RICEBRAN TECHNOLOGIES: Signs Purchase Pact With Organic By Nature
-----------------------------------------------------------------
RiceBran Technologies and Organic by Nature, Inc. entered into a
Purchase and Right of First Production or Exclusivity Agreement,
effective as of May 24, 2016, which provides for the purchase by
Organic By Nature of the Company's Organic RiSolubles and further
provides Organic By Nature with certain rights of first production
and exclusivity so long as Organic By Nature meets certain minimum
purchase requirements with respect to the purchase of Organic
RiSolubles.  The initial term of the agreement is forty two
months.

Pursuant to the Agreement, Organic By Nature has agreed to purchase
certain minimum monthly quantities of Organic RiSolubles, and the
Company has agreed to grant Organic By Nature exclusive rights to
purchase Organic RiSolubles if Organic By Nature meets the minimum
monthly purchase requirements.  In addition, the Company has agreed
to grant Organic By Nature a first priority right to purchase
available Organic RiSolubles from the Company in exchange for a
non-refundable payment.  During the term of the Agreement, Organic
By Nature has agreed to use its best commercial efforts to develop
and market functional food products based on the Company's Organic
RiFiber and will use its best commercial efforts to assist the
Company in selling any Organic RiFiber that it is unable to use in
its own products.

                         About RiceBran

Scottsdale, Ariz.-based RiceBran Technologies, a California
corporation, is a human food ingredient and animal nutrition
company focused on the procurement, bio-refining and marketing of
numerous products derived from rice bran.

RiceBran reported a net loss of $10.6 million on $39.9 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $26.6 million on $40.10 million of revenues for the year ended
Dec. 31, 2014.

As of March 31, 2016, RiceBran had $34.9 million in total assets,
$26.9 million in total liabilities and $7.66 million in total
equity attributable to the Company's shareholders.

The Company's auditors 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 resulting in an accumulated
deficit of $251 million at December 31, 2015.  This factor among
other things, raises substantial doubt about its ability to
continue as a going concern.


SANDRIDGE ENERGY: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------------
The Office of the U.S. Trustee on June 3 appointed three creditors
of SandRidge Energy, Inc., to serve on the official committee of
unsecured creditors.

The committee members are:

     (1) Wells Fargo Bank, N.A., as
         Indenture Trustee
         Attn: Thomas M. Korsman
         625 Marquette Avenue, MAC: N9311-161
         Minneapolis, MN 55402
         Tel. 612-466-5890
         Fax 866-680-1777
         Email: thomas.m.korsman@wellsfargo.com

         Counsel: Arent Fox LLP
         Attn: Leah M. Eisenberg, Esq.
         1675 Broadway
         New York, NY 10019
         Tel. 212-484-3900
         Fax 212-484-3990
         Email: leah.eisenberg@arentfox.com

     (2) Wilmington Trust, N.A., as
         Indenture Trustee
         Attn: Rita Marie Ritrovato
         Rodney Square North
         1100 North Market Street
         Wilmington, DE 19890-0001
         Tel. 302-636-5137
         Fax 302-636-4140
         Email: rritrovato@wilmingtontrust.com

         Counsel: Seyfarth Shaw LLP
         Edward M. Fox, Esq.
         620 Eighth Avenue
         New York, NY 10018
         Tel. 212-218-4646
         Fax 917-344-1339
         Email: emfox@seyfarth.com

     (3) PowerSecure, Inc.
         Attn: Eric Dupont
         1609 Heritage Commerce Ct.
         Wake Forest, NC 27587
         Tel. 704-968-7973
         Fax 919-556-3596
         Email: edupont@powersecure.com

         Counsel: Hoover Slovacek LLP
         Deirdre Brown, Esq.
         Galleria Tower II
         5051 Westheimer, Suite 1200
         Houston, TX 77056
         Tel. 713-735-4196
         Fax 713-977-5395
         Email: brown@hooverslovacek.com

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

                      About SandRidge Energy

SandRidge Energy, Inc. (OTC PINK: SDOC) --
http://www.sandridgeenergy.com/-- is an oil and natural gas  
exploration and production company headquartered in Oklahoma City,
Oklahoma, with its principal focus on developing high-return,
growth-oriented projects in the U.S. Mid-Continent and Niobrara
Shale.

SandRidge Energy, Inc. and 24 of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
S.D. Tex. Lead Case No. 16-32488) on May 16, 2016.  The petitions
were signed by Julian M. Bott as chief financial officer.

The Debtors have hired Kirkland & Ellis LLP as general bankruptcy
counsel, Zack A. Clement PLLC as local counsel, Houlihan Lokey
Capital, Inc. as financial advisor, Alvarez & Marsal Holdings, LLC
as restructuring advisor and Prime Clerk LLC as claims and noticing
agent.

The cases are assigned to Judge David R Jones.


SBN FOG CAP II: Creditors' Panel Hires Onsager Guyerson as Counsel
------------------------------------------------------------------
The Official Committee of Unsecured Creditors of SBN Fog Cap II LLC
seeks authorization from the U.S. Bankruptcy Court for the District
of Colorado to retain Onsager Guyerson Fletcher Johnson, LLC as
counsel to the Committee, effective May 25, 2016.

The Firm's services will consist of representation of the Committee
in this case, in all matters arising in these cases, as determined
by the Committee in accordance with 11 U.S.C. sections 1102 and
1103.

Onsager Guyerson will be paid at these hourly rates:

       Christian Onsager          $425
       Michael J. Guyerson        $350
       Alice A. White             $325
       Associate                  $150-$200
       Paralegals                 $100

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

Michael J. Guyerson, member of Onsager Guyerson, 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.

Onsager Guyerson can be reached at:

       Christian C. Onsager, Esq.
       Michael J. Guyerson, Esq.
       Gabrielle Palmer, Esq.
       ONSAGER GUYERSON FLETCHER JOHNSON, LLC
       1801 Broadway, Suite 900
       Denver, CO 80202
       Tel: (720) 457-7061
       Fax: (303) 512-1129
       E-mail: consager@OGFJ-law.com
               mguyerson@OGFJ-law.com
               gpalmer@OGFJ-law.com

SBN Fog Cap II LLC, based in Denver, Colorado, filed a Chapter 11
petition (Bankr. D. Colo. Case No. 16-13815) on April 20, 2016.
Hon. Thomas B. McNamara presides over the case.  James T. Markus,
Esq., at Markus Williams Young & Simmermann LLC, serves as counsel
to the Debtor.  In its petition, the Debtor estimated $1 million to
$10 million in assets and $100,000 to $500,000 in liabilities.  The
petition was signed by Steven C. Petrie, chief executive officer.

Fog Cap Retail Investors LLC, based in Denver, Colorado, filed a
separate Chapter 11 petition (Bankr. D. Colo. Case No. 16-13817) on
April 20, 2016.  Hon. Thomas B. McNamara presides over the case.
James T. Markus, Esq., at Markus Williams Young & Zimmermann LLC,
serves as counsel to the Debtor.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and liabilities.
The petition also was signed by Steven C. Petrie, chief executive
officer.


SHERRITT INTERNATIONAL: Has Deal Extending Unsecured Debt Maturity
------------------------------------------------------------------
Bloomberg Brief reported that Sherritt International reached an
agreement with holders of 44 percent of its C$720 million in senior
unsecured debt to push out maturities by three years.

Ian McGugan, writing for The Globe and Mail, reported that
Toronto-based Sherritt is joining a flurry of miners that are
buying themselves time in a tough commodities market by
restructuring their debt.

According to the report, the company said that it plans to push
back the maturity date on $720-million in unsecured debentures by
three years.  The extension would provide breathing room for the
money-losing nickel producer as it waits for prices to recover, the
report related.  "Upon completion of the extension, there will be
no maturities until November, 2021," the report further related,
citing David Pathe, Sherritt chief executive, as saying in a
statement.

The move underscores miners' need to carefully manage cash as the
vicious downturn in base metal prices that began in 2011 slogs
onward, the report noted.  In recent days, both First Quantum
Minerals Ltd. and Teck Resources Ltd. have announced their own
moves designed to ensure liquidity and push out debt maturities,
the report said.


STANFORD LERCH: Proposes to Pay Unsecureds in 60 Installments
-------------------------------------------------------------
Stanford Lerch and Susan Lerch filed with the U.S. Bankruptcy Court
for the District of Arizona a first amended disclosure statement
proposing to pay general unsecured creditors in 60 equal monthly
installments without interest commencing on the first day of the
month following the effective date of the plan.

General Unsecured Creditors will receive or retain under the Plan
on account of their respective claims, property of a value as of
the Effective Date of the Plan, that is not less than the amount
that such creditor would receive or retain if the Debtors were
liquidated under Chapter 7 of the Code.

A full-text copy of the First Amended Disclosure Statement dated
May 31, 2016, is available at
http://bankrupt.com/misc/LERCHds0531.pdf

The Debtor is represented by:

         Adam E. Hauf, Esq.
         HAUF LAW PLC
         4225 W Glendale, Ste A104
         Phoenix, Arizona 85051
         P: 623.252.0742
         F: 623.321.2310
         Email: admin@hauflaw.com

The bankruptcy case is IN RE: STANFORD LERCH and SUSAN LERCH, Case
No. 2:14-bk-16376-BKM(Bankr. D. Ariz.).


STONE ENERGY: Fails to Reach Restructuring Pact With Noteholders
----------------------------------------------------------------
Stone Energy Corporation, on April 11 and April 15, 2016, entered
into confidentiality agreements and commenced discussions with
legal and financial advisors for a group of holders of the
Company's 1 3/4% Senior Convertible Notes due 2017 and 7 1/2%
Senior Notes due 2022 regarding the possibility of a potential
financing, recapitalization, material asset or equity sale outside
of the ordinary course of business, reorganization and/or
restructuring transaction for the Company.  Subsequent to the dates
of the execution of the confidentiality agreements and through
early June, the advisors to the Noteholders (i) conducted due
diligence on the Company and (ii) engaged in discussions with the
Company and its advisors.

On May 5, 2016, the Noteholders entered into confidentiality
agreements with the Company (the "NDAs").  Pursuant to the NDAs, a
public disclosure of all material non-public information provided
to the Noteholders and certain other information is required prior
to the opening of the New York Stock Exchange on June 3, 2016.

Following entry into the NDAs, the Company and the Noteholders
engaged in negotiations with respect to a potential
recapitalization and restructuring transaction with respect to the
Existing Notes.  On May 11, 2016, the board of directors of the
Company authorized the Company to work with the Noteholders to
implement a consensual de-leveraging transaction, and on May 12,
2016, the Company provided the Noteholders with a proposal
regarding the Transaction.  Subsequent to the delivery of the
Initial Proposal, the Company and the Noteholders continued to
negotiate the terms of a proposed Transaction and, in response to a
counterproposal submitted by the Noteholders to the Company on May
24, 2016, the Company provided the Noteholders with a revised
proposal on May 25, 2016, the Company informed the Noteholders that
it would consider revising the Company Proposal to reflect $200
million of the Existing Notes (or new debt) remaining on the
Company's balance sheet.  On June 1, 2016, the Noteholders
submitted a counterproposal to the Company Proposal.  In addition
to its negotiations with the Noteholders, the Company has engaged
in discussions related to the Transaction with the lenders under
its revolving credit facility.  In connection with those
discussions, the Company requested the lenders to provide a
forbearance with respect to the next deficiency payment under the
Company's revolving credit facility, which is due in June 2016.

The NDAs have terminated without the Company and the Noteholders
reaching an agreement on the material terms of the proposed
Transaction.  The Company continues to analyze various strategic
alternatives to address its liquidity and capital structure,
including strategic and refinancing alternatives, asset sales and a
chapter 11 bankruptcy proceeding.  For example, in the course of a
limited market test in early 2016 relative to the Company's
Appalachia assets, the Company received indications of interest in
the approximate range of $250 million - $400 million subject to a
variety of conditions and stipulations.  The Company is also
discussing with certain vendors the terms of existing contracts in
an attempt to renegotiate those contracts given current market
conditions.

                         About Stone Energy

Stone Energy is an independent oil and natural gas company engaged
in the acquisition, exploration, exploitation, development and
operation of oil and gas properties.  The Company has been
operating in the Gulf of Mexico Basin since its incorporation in
1993 and have established a technical and operational expertise in
this area.  The Company has leveraged its experience in the GOM
conventional shelf and expanded its reserve base into the more
prolific basins of the GOM deep water, Gulf Coast deep gas and the
Marcellus and Utica shales in Appalachia.  As of Dec. 31, 2015,
the Company's estimated proved oil and natural gas reserves were
approximately 57 MMBoe or 342 Bcfe.  During 2015, approximately 95
MMBoe or 570 Bcfe of the Company's estimated proved reserves were
revised downward as a result of lower oil, natural gas and natural
gas liquids prices.

Stone Energy reported a net loss of $1.1 billion in 2015 following
a net loss of $189.54 million in 2014.  As of March 31, 2016, Stone
Energy had $1.64 billion in total assets, $1.87 billion in total
liabilities and a total stockholders' deficit of $225 million.

                         *    *    *

In March 2016, Standard & Poor's lowered its corporate credit
rating on U.S.-based oil and gas exploration and production company
Stone Energy to 'CCC-' from 'CCC+'.

As reported by the TCR on May 23, 2016, Moody's Investors Service
downgraded Stone Energy Corporation's Corporate Family Rating (CFR)
to Ca from Caa2, Probability of Default Rating (PDR) to Ca-PD from
Caa2-PD, and senior unsecured rating to Ca from Caa3. The SGL-4
Speculative Grade Liquidity (SGL) rating was affirmed. The rating
outlook remains negative.


STONE ENERGY: Files Updates on Restructuring Talks
--------------------------------------------------
Jacqueline Palank, writing for Daily Bankruptcy Review, reported
that Stone Energy Corp.'s restructuring talks haven't yet reached a
deal, leaving such options as asset sales and bankruptcy on the
table.

According to the report, in a June 3 filing with the U.S.
Securities and Exchange filing, the Lafayette, La., oil-and-gas
company disclosed the terms of debt-restructuring proposals
exchanged between it and two bondholder groups now that
confidentiality agreements have run out without a deal being
reached.

                         About Stone Energy

Stone Energy is an independent oil and natural gas company engaged
in the acquisition, exploration, exploitation, development and
operation of oil and gas properties.  The Company has been
operating in the Gulf of Mexico Basin since its incorporation in
1993 and have established a technical and operational expertise in
this area.  The Company has leveraged its experience in the GOM
conventional shelf and expanded its reserve base into the more
prolific basins of the GOM deep water, Gulf Coast deep gas and the
Marcellus and Utica shales in Appalachia.  As of Dec. 31, 2015,
the Company's estimated proved oil and natural gas reserves were
approximately 57 MMBoe or 342 Bcfe.  During 2015, approximately 95
MMBoe or 570 Bcfe of the Company's estimated proved reserves were
revised downward as a result of lower oil, natural gas and natural
gas liquids prices.

Stone Energy reported a net loss of $1.1 billion in 2015 following
a net loss of $189.54 million in 2014.  As of March 31, 2016,
Stone
Energy had $1.64 billion in total assets, $1.87 billion in total
liabilities and a total stockholders' deficit of $225 million.

                         *    *    *

In March 2016, Standard & Poor's lowered its corporate credit
rating on U.S.-based oil and gas exploration and production
company
Stone Energy to 'CCC-' from 'CCC+'.

As reported by the TCR on May 23, 2016, Moody's Investors Service
downgraded Stone Energy Corporation's Corporate Family Rating
(CFR)
to Ca from Caa2, Probability of Default Rating (PDR) to Ca-PD from
Caa2-PD, and senior unsecured rating to Ca from Caa3. The SGL-4
Speculative Grade Liquidity (SGL) rating was affirmed. The rating
outlook remains negative.


STUART SCOTT SNYDER: To Pay Unsecured Creditors 15% in 12 Years
---------------------------------------------------------------
Stuart Scott Snyder and Doreen Anne Snyder filed with the U.S.
Bankruptcy Court for the District of Connecticut a second amended
disclosure statement proposing to pay unsecured creditors 15% pro
rata, over 12 years, in quarterly installments of $3,207.

The Debtor reserves the right to pay said quarterly payments in
advance, so long as the total payments made in the quarter total
the above.  In addition, Debtor will have the option to pay any
Allowed Unsecured Claim a total of 7.5% prorata, inclusive of any
payments made to said Claimant by same date, so long as same amount
is paid, in a lump sum and/or installments, within one (1) year of
the Effective Date.  The payment will satisfy that unsecured
creditors Allowed Claim in full, except to the extent
of Claimant's pro rata share of the Litigation Proceeds.  Should
the Debtors decide after further investigation, however, that the
Causes of Action and accounts receivable have value and should be
prosecuted and/or collected, they will distribute 50% of the
Litigation Proceeds to the Allowed Unsecured Claims.  This class is
impaired.  There are a total of 22 creditors holding unsecured
claims, in a total estimated amount of $1,026,284.

A full-text copy of the Second Amended Disclosure Statement dated
May 31, 2016, is available at
http://bankrupt.com/misc/SNYDERds0531.pdf

The bankruptcy case is IN RE: Snyder, Stuart Scott and Doreen Anne,
Debtors, No. 15-50553 (Bankr. D. Conn.).


SYCAMORE INVESTMENTS: Disclosure Statement Hearing Set for July 14
------------------------------------------------------------------
Bankruptcy Judge A. Jay Cristol in Miami, Florida, scheduled a July
14, 2016 hearing to consider approval of the disclosure statement
explaining Sycamore Investments Group's Plan of Reorganization.

The deadline for service of the Disclosure Statement, Plan and
Order is June 14.

The deadline for objections to the Disclosure Statement is July 7.

Sycamore Investment Group-Olympiad, LLC sought protection under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Southern District of Florida (Miami) (Case No. 16-11720) on
February 5, 2016. The petition was signed by Peter S. Pessoa,
authorized officer.  

The Debtor is represented by Paul J. Battista, Esq., at Genovese
Joblove & Battista, P.A. The case is assigned to Judge Jay A.
Cristol.  

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


TEXAS PELLETS: Seeks to Hire Locke Lord as Legal Counsel
--------------------------------------------------------
Texas Pellets, Inc. and German Pellets Texas LLC seek approval from
the U.S. Bankruptcy Court for the Eastern District of Texas to hire
Locke Lord LLP as their legal counsel.

The Debtors tapped the firm to:

     (a) give advice about their powers and duties as debtors-in-
         possession;

     (b) advise and consult the Debtors on the conduct of their
         bankruptcy cases;

     (c) attend meetings and negotiate with representatives of
         creditors, employees and other parties;

     (d) advise the Debtors in connection with any contemplated
         sales of assets or business combinations;

     (e) advise the Debtors in connection with post-petition
         financing and cash collateral arrangements;

     (f) advise the Debtors on matters relating to the evaluation
         of the assumption, rejection or assignment of unexpired
         leases and executory contracts;

     (g) advise the Debtors about legal issues arising in or
         relating to their ordinary course of business;

     (h) take necessary action to protect and preserve the
         Debtors' estates, including the prosecution and defense
         of any actions;

     (i) prepare legal papers;

     (j) negotiate and prepare a plan of reorganization or
         liquidation;

     (k) attend meetings with third parties and participate in
         negotiations;

     (l) appear before the bankruptcy court, other courts, and the

         Office of the United States Trustee; and

     (m) meeting and coordinating with other counsel and other
         professionals retained on behalf of the Debtors.

The attorneys and paraprofessionals who will be primarily
responsible for the representation and their hourly rates are:

     W. Steven Bryant       Partner     $550
     Corby D. Boldissar     Partner     $550
     Victoria M. de Lisle   Partner     $550
     Bradley C. Knapp       Associate   $475
     Ashley Linn Lohr       Paralegal   $175

Mr. Bryant, Esq., at Locke Lord, disclosed in a court filing that
the firm is a "disinterested person" as defined in section 101(14)
of the Bankruptcy Code.

Pursuant to the U.S. Trustee's Guidelines for reviewing
applications for compensation and reimbursement of expenses filed
by attorneys in larger Chapter 11 cases, Locke Lord disclosed that
it represented the Debtors prior to their bankruptcy filing.

The representation involved, in part, bond financing, environmental
work, litigation, and corporate and securities matters, according
to the firm.

The firm's general rates for those representations ranged from $530
to $625 per hour at the partner level, and from $350 to $515 per
hour at the associate level, Locke Lord disclosed.

Locke Lord also disclosed that it has worked closely with the
Debtors to address budgeting concerns and staffing plans for their
bankruptcy cases; and to incorporate cost control measures such as
filing the case in Texas and not in Delaware to reduce costs.

Locke Lord can be reached through:

     William Steven Bryant, Esq.
     Locke Lord LLP
     600 Travis Street, Suite 2800
     Houston, TX 77002
     Tel: (713) 226-1489
     Fax: (713) 223-3717
     Email: sbryant@lockelord.com

                        About Texas Pellets

Texas Pellets, Inc., based in Woodville, Texas, filed a Chapter 11
petition (Bankr. E.D. Tex. Case No. 16-90126) on April 30, 2016,
listing $100 million to $500 million in both assets and
liabilities.  The petition was signed by Anna Katherin Leibold,
president and chief executive officer.

German Pellets Texas, LLC, also based in Woodville, Texas, filed a
Chapter 11 petition (Bankr. E.D. Tex. Case No. 16-90127) on April
30, 2016, listing $10 million to $50 million in both assets and
liabilities.  The petition was signed by Peter H. Leibold, its
chief executive officer.

The cases have been jointly administered under Texas Pellets' case.
Judge Bill Parker presides over the cases.


TITHERINGTON DESIGN: Taps Stanley Warick as Accountant
------------------------------------------------------
Titherington Design & Manufacturing, Inc. seeks approval from the
U.S. Bankruptcy Court for the Northern District of New York to hire
Stanley Warick, CPA, as its accountant.

Mr. Warick will provide accounting services, including the
preparation of employee payroll processing and the calculation of
withholding taxes.

Mr. Warick charges these flat fees to the Debtor: (i) $875 for
preparation of corporate tax return; and (ii) $575 for preparation
of monthly, quarterly and annual Federal and New York State payroll
tax returns, monthly tax deposits and W-2s and W-3s.

Special projects not covered by the flat fees will be billed at the
rate of $100 per hour, according to a court filing.

Mr. Warick disclosed in a court filing that he is disinterested as
defined in section 101(14) of the Bankruptcy Code.

The Debtor can be reached through its legal counsel:

     Francis J. Brennan, Esq.
     Nolan & Heller, LLP
     39 North Pearl Street
     Albany, NY 12207
     Tel: 518 449-3300
     Email: fbrennan@nolanandheller.com

                    About Titherington Design

Titherington Design & Manufacturing, Inc. sought protection under
Chapter 11 of the Bankruptcy Code in the Northern District of New
York (Albany) (Case No. 16-10705) on April 21, 2016.  

The petition was signed by Philip D. Titherington, president and
CEO.  The Debtor is represented by Francis J. Brennan, Esq., at
Nolan & Heller, LLP.

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


TRIBUNE PUBLISHING: Changes Name to Tronc; Board Re-elected
-----------------------------------------------------------
Joshua Jamerson and Lukas I. Alpert, writing for The Wall Street
Journal, reported that Tribune Publishing Co. said shareholders
voted to re-elect the company's board nominees at its annual
meeting on June 2 as the newspaper owner also announced plans to
change its name.

According to the report, the publisher of the Chicago Tribune and
Los Angeles Times didn't give the exact breakdown of the vote,
giving no indication of how much support Gannett Co. garnered for
its "withhold" campaign.  Gannett was encouraging shareholders to
withhold their votes for the board as a symbolic gesture of no
confidence and support for Gannett’s takeover attempt, the report
related.

USA Today owner Gannett, in a statement on June 2, said it is still
"reviewing whether to proceed" with its takeover offer, the report
further related.  Gannett also said it believed roughly 49% of
shareholders unaffiliated with Tribune withheld their support of
the entire slate of directors, the report said.

Later, Tribune said it would change its name to tronc Inc. and
launch a new site, www.tronc.com, as part of a rebranding strategy,
the report added.  Tronc.com will curate content across Tribune's
brands, the report further related.

Tribune Publishing, which owns newspapers including The Los Angeles
Times and The Chicago Tribune, has hired advisers to consider the
bid, which amounted to $815 million including debt and other
liabilities, the company said in a statement, the report related.

                      *     *     *

The Troubled Company Reporter, on Dec. 9, 2015, reported that
Standard & Poor's Ratings Services said that it lowered its
corporate credit rating on Chicago-based newspaper publisher
Tribune Publishing Co. to 'B' from 'B+'.  The rating outlook is
stable.

At the same time, S&P lowered its issue-level rating the company's
term loan due 2021 to 'B' from 'B+'.  The '3' recovery rating is
unchanged, indicating S&P's expectation for meaningful recovery
(50%-70%; upper half of the range) of principal in the event of a
payment default or bankruptcy.

S&P also lowered its issue-level rating on the company's $140
million asset-based lending (ABL) revolving credit facility due
2019 to 'BB-' from 'BB'.  The '1' recovery rating is unchanged,
indicating S&P's expectation for very high recovery (90%-100%) of
principal in the event of a payment default or bankruptcy.

"The downgrades are based on Tribune's elevated leverage due to
continued top line weakness, higher-than-expected restructuring
expenses, and our view that there is greater volatility in the
company's credit metrics than we had previously expected," said
Standard & Poor's credit analyst Thomas Hartman.  "We expect that
leverage will be in the 4x-5x range in 2015."


UCI INT'L: Meeting to Form Creditors' Panel Set for June 10
-----------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on June 10, 2016, at 10:00 a.m. in the
bankruptcy case of UCI International LLC, et al.

The meeting will be held at:

         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.



UNI-PIXEL INC: Closes Public Offering of Its Common Stock
---------------------------------------------------------
Uni-Pixel, Inc., announced the closing of its underwritten public
offering of common stock.  The underwriters, pursuant to the terms
of the underwriting agreement, also exercised in full their
previously announced option to purchase 802,500 newly issued shares
of common stock to cover over-allotments, for an aggregate issuance
of 6,152,500 newly issued shares of common stock in the offering at
a price to the public of $1.50 per share.  The gross proceeds from
the offering were approximately $9.2 million, with net proceeds to
the Company of approximately $8.6 million after underwriting
discounts and commissions.

Roth Capital Partners served as the sole book-running manager in
this offering.  Ladenburg Thalmann & Co. Inc. and The Benchmark
Company served as co-managers.

                     About Uni-Pixel Inc.

The Woodlands, Tex.-based Uni-Pixel, Inc. (OTC BB: UNXL)
-- http://www.unipixel.com/-- is a production stage company       

delivering its Clearly Superior(TM) Performance Engineered Films
to the Lighting & Display, Solar and Flexible Electronics market
segments.

Uni-Pixel reported a net loss of $37.02 million on $3.75 million of
revenue for the year ended Dec. 31, 2015, compared to a net loss of
$25.7 million on $0 of revenue for the year ended Dec. 31, 2014.

As of March 31, 2016, Uni-Pixel had $17.88 million in total assets,
$5.07 million in total liabilities and $12.81 million in total
shareholders' equity.


VALEANT PHARMA: Receives Default Notice After 10-K Filing Delay
---------------------------------------------------------------
Valeant Pharmaceuticals International, Inc., disclosed that on June
2, 2016 it received a notice of default from the trustee under two
of its senior note indentures as a result of the delay in Valeant
filing its Form 10-Q for the period ended March 31, 2016.  The
notice of default does not result in the acceleration of any
indebtedness of Valeant or any of its subsidiaries.  Under its
senior note indentures, Valeant has 60 days from the receipt of the
notice to file the Form 10-Q, which will cure the default under the
related indenture in all respects.  As announced on May 9, 2016,
Valeant expects to file the Form 10-Q with the Securities and
Exchange Commission and the Canadian Securities Regulators on or
before June 10, 2016, which would be well in advance of the 60-day
cure date.

                          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.


VALEANT PHARMA: Receives Default Notice from 2 Senior Noteholders
-----------------------------------------------------------------
Bloomberg Brief reported that Valeant received another notice of
default due to its failure to file its 10Q for the first quarter of
2016.  This notice was filed by the trustee for two of its senior
notes.

Nathan Bomey, writing for USA Today, reported that lenders warned
Valeant Pharmaceuticals that it has defaulted on certain debts
after failing to submit a public filing, giving the embattled
drugmaker two months to rectify the matter.

According to the report, Valeant said on June 3 that it had
received a notice of default from two lenders on its senior notes.
The warning stems from the company's failure to file its
first-quarter earnings statement, also known as a 10-Q form, in a
timely manner to the U.S. Securities and Exchange Commission, the
report related.  Loan terms give the company 60 days from the time
it received the notice, which occurred June 2, to file the 10-Q,
the report further related.  Valeant on June 3 reiterated a
previous statement that it will file the form on or before June 10,
the report added.

                          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.


VENCORE INC: Moody's Affirms B3 CFR & Changes Outlook to Stable
---------------------------------------------------------------
Moody's Investors Service has changed the rating outlook of
Vencore, Inc. to stable from positive and affirmed the B3 corporate
family rating. The company's instrument ratings have been
downgraded—first lien to B1 from Ba3, second lien to Caa1 from
B3. The instrument rating changes reflect Vencore's plan to issue
add-on first and second lien term loans to help fund a pending
dividend and the redemption of Vencore's 11.5% subordinate notes
due 2020.

RATINGS RATIONALE

Moody's said, "The outlook change to stable considers increased
financial leverage from the transaction. Pro forma for the
transaction, Moody's adjusted basis debt to EBITDA ratio will rise
to 7.6x from 6.6x at 3/31/16. However, interest coverage will not
as significantly weaken owing to the high coupon rate of the debt
to be redeemed. We expect that Vencore should minimally generate
annual free cash flow on par with the 2015 level of $44 million
over the next few years and should be able to de-lever to below 7x
in 2017."

The stable outlook also considers that the US defense budgetary
view has stabilized, Vencore achieved organic growth in 2015, and
the market-broadening acquisition of Qinetiq North America, Inc. in
May 2014 has been largely integrated, now giving better opportunity
to bid across the US Department of Defense.

The B3 corporate family rating considers Vencore's established
position within the intelligence community where a relatively high
degree of single award and sole source contracts helps revenue
visibility and sustains margin. The liquidity profile, though
adequate, will be rather modest after the financial transaction as
cash will decline to a low level. For a defense services
contractor, the expected mid-single digit percentage free cash flow
to debt ratio also suits the B3 CFR.

The transaction causes lower instrument ratings because of the
planned subordinate note redemption. In a stress scenario, there
will no longer be junior debt in the capital structure to absorb
loss and thereby improve recovery of secured claims.

Upward rating momentum, would depend on debt to EBITDA approaching
6x and free cash flow to debt in the high single digit percentage
range. A rising backlog trend would likely accompany an upgrade.

Downward rating pressure would follow debt to EBITDA remaining
above 7.5x, free cash flow to debt in the low single digit
percentage range or diminishing liquidity such as with reliance on
the revolver for operational needs.

Downgrades:

Issuer: Vencore, Inc.

-- Senior Secured Incremental 1st lien Term Loan, Downgraded to
    B1 (LGD2) from Ba3(LGD2)

-- Senior Secured 1st lien Revolving Credit Facility, Downgraded
    to B1 (LGD2) from Ba3 (LGD2)

-- Senior Secured 2nd lien Term Loan, Downgraded to Caa1 (LGD5)
    from B3 (LGD4)

Outlook Actions:

Issuer: Vencore, Inc.

-- Outlook, Changed To Stable From Positive

Affirmations:

Issuer: Vencore, Inc.

-- Probability of Default Rating, Affirmed B3-PD

-- Corporate Family Rating, Affirmed B3

Vencore, Inc. provides advanced systems engineering and integration
("SE&I") services to U.S. government intelligence agencies, as well
as training, logistics and life-cycle management capabilities
across the US Department of Defense. Revenues were about $1.2
billion for 2015. The company is majority-owned by entities of
Veritas Capital.


VERTELLUS SPECIALTIES: May 26 Meeting to Form Creditors' Panel
--------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on June 9, 2016, at 10:00 a.m. in the
bankruptcy case of Vertellus Specialties Inc., et al.

The meeting will be held at:

         The DoubleTree Hotel
         700 King St., Winterthur Room
         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.



VESTIS RETAIL: Schedules and Statements Filed
---------------------------------------------
Vestis Retail Group, LLC and its debtor-affiliates delivered to the
U.S. Bankruptcy Court for the District of Delaware their schedules
of assets and liabilities and statements of financial affairs.

The Debtors previously sought an extension of the time to file
their Schedules and Statements to June 2, without prejudice to the
Debtors' right to seek further extensions if necessary.  The
Debtors said that, given the size and complexity of their
operations, and taking into account that there are nine separate
Debtor entities, a significant amount of information must be
accumulated, reviewed, and analyzed to properly prepare the
Schedules and Statements. The Debtors and their professionals have
been consumed with a multitude of critical administrative and
operational decisions arising in conjunction with the commencement
and early administration of these Cases, including preparing for
the Debtors' entry into chapter 11 and addressing multiple critical
operational and strategic matters. In addition, the Debtors have
prepared and filed a number of motions and applications to ensure
that the Debtors successfully prosecute these Cases in a timely and
efficient manner.

Moreover, due to the complexity of the Debtors' businesses,
compiling and consolidating the data required for the Schedules and
Statements presents a complex and time consuming task. Although the
Debtors and their professionals have been working diligently on
completing the Schedules and Statements as early as possible, it
will be impossible to complete this undertaking prior to the
expiration of the Initial Deadline.

Vestis Retail disclosed $0 assets and $180,902,007.76 in total
liabilities, including $508,031.64 in non-priority unsecured
claims.

Bob's Stores LLC reported  $89,397,450.69 in total assets and
$206,675,474.64 in total liabilities, including $28,187,765.50 in
nonpriority unsecured claims.

Sports Chalet had $87,563,829.63 in total assets and
$226,523,175.28 in total liabilities, including $48,035,466.14 in
unsecured claims.

Meanwhile, the meeting of creditors pursuant to section 341 of the
Bankruptcy Code will continue today, June 6, 2016 at 2:00 p.m.
(ET).  The 341 meeting was originally scheduled for May 26.

                       About Vestis Retail

Vestis Retail Group and eight of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Lead Case No. 16-10971) on
April 18, 2016.  The Debtors estimated assets in the range of
$0 to $50,000 and debts of $100 million to $500 million.  The
petitions were signed by Thomas A. Kennedy as secretary.

Headquartered in Meriden, Connecticut, Vestis Retail Group, LLC, et
al., operate 144 retail stores, which are located in 15 states.
Bob's Stores operates 36 stores throughout New England, New York,
and New Jersey.  Eastern Mountain Sports operates 61 stores,
located primarily in the Northeastern states.  Sport Chalet
operates 47 stores throughout California, Arizona, and Nevada.
Bob's Stores and EMS primarily operate stores located in the
Northeastern states, while Sport Chalet's stores, which are
currently being liquidated, are located in the Western states.

Prior to the Petition Date, each of the three Debtor retailers
operated an e-commerce site at, respectively, www.bobstores.com,
www.sportchalet.com, and www.ems.com.  In 2015, the Debtors
collectively generated 5% of their total sales, or approximately
$32 million, through e-commerce, according to Court documents.

Judge Laurie Selber Silverstein is assigned to the cases.

The Debtors have hired Young, Conaway, Stargatt & Taylor, LLP as
their counsel, FTI Consulting, Inc. and Lincoln Partners Advisors
LLC as their financial advisor and Kurtzman Carson Consultants, LLC
as their claims and noticing agent.

An official committee of unsecured creditors has been appointed in
the cases.  The Committee has tapped Cooley LLP as its lead counsel
and Polsinelli as conflicts counsel.  Zolfo Cooper, LLC serves as
its bankruptcy consultant and financial advisor.


VUZIX CORP: Paul Boris Named to Board of Directors
--------------------------------------------------
Paul Boris was elected to the Board of Directors of Vuzix
Corporation on June 1, 2016, as disclosed in a regulatory filing
with the Securities and Exchange Commission.  Mr. Boris will also
serve on the nominating and compensation committees of the
Company's board of directors.

                   About Vuzix Corporation

Vuzix -- http://www.vuzix.com/-- is a supplier of Video Eyewear
products in the consumer, commercial and entertainment markets.
The Company's products, personal display devices that offer users
a portable high quality viewing experience, provide solutions for
mobility, wearable displays and virtual and augmented reality.
Vuzix holds 33 patents and 15 additional patents pending and
numerous IP licenses in the Video Eyewear field.  Founded in 1997,
Vuzix is a public company with offices in Rochester, NY, Oxford,
UK and Tokyo, Japan.

Vuzix Corporation reported a net loss attributable to common
stockholders of $14.94 million on $2.74 million of total
sales for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stockholders of $7.86 million on $3.03
million of total sales for the year ended Dec. 31, 2014.

As of March 31, 2016, Vuzix had $15.7 million in total assets,
$3.13 million in total liabilities and $12.55 million in total
stockholders' equity.


WARREN RESOURCES: Case Summary & 30 Largest Unsecured Creditors
---------------------------------------------------------------
Debtor affiliates filing separate Chapter 11 bankruptcy petitions:

        Debtor                                     Case No.
        ------                                     --------
        Warren Resources, Inc.                     16-32760
        11 Greenway Plaza, Suite 3050
        Houston, TX 77046

        Warren E&P, Inc.                           16-32761

        Warren Resources of California, Inc.       16-32762

        Warren Marcellus LLC                       16-32764

        Warren Energy Services, LLC                16-32765

        Warren Management Corp.                    16-32766

Type of Business: Engage in the exploration, development, and
                  production of domestic onshore crude oil and   
                  natural gas reserves

Chapter 11 Petition Date: June 2, 2016

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

Judge: Hon. Marvin Isgur

Debtors' Counsel: Timothy Alvin Davidson, II, Esq.
                  ANDREWS KURTH LLP
                  600 Travis, Ste 4200
                  Houston, TX 77002
                  Tel: 713-220-3810
                  Fax: 713-238-7102
                  Email: tdavidson@akllp.com

                     - and -

                  Ashley Gargour, Esq.
                  ANDREWS KURTH LLP
                  600 Travis, Suite 4200
                  Houston, TX 77002
                  Tel: 713-220-4013
                  Fax: 713-238-7315
                  Email: ashleygargour@andrewskurth.com

                    - and -

                  Joseph Peak Rovira, Esq.
                  ANDREWS KURTH LLP
                  600 Travis, Suite 4200
                  Huston, TX 77007
                  Tel: 713-220-4609
                  Email: josephrovira@andrewskurth.com

Debtors'          JEFFERIES LLC
Investment
Banker:

Debtors'          DELOITTE TRANSACTIONS AND BUSINESS ANALYTICS LLP
Restructuring
Advisor:

Debtors'          EPIQ BANKRUPTCY SOLUTIONS, LLC
Claims,
Balloting,
and Notice
Agent:

Total Assets: $229.67 million

Total Debts: $545.16 million

The petition was signed by James A. Watt, president, chief
executive officer and chief restructuring officer.

List of Debtor's 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
U.S. Bank National Association   9.00% Senior Notes   $179,000,000
Attn: Corporate Trust Services        Due 2022
5555 San Felipe, Ste. 1150
Houston, TX 77056
Fax: (713) 235-9213

Cortland Capital Markets            Second Lien        $53,800,000
Svcs, LLC                            Term Loan
Attn: Ryan Morick & Legal Dept.
225 West Washington St., 21st Fl.
Chicago, IL 60606
Tel: (312) 564-5100
Fax: (312) 376-0751
ryan.morick@cotrlandglobal.com

Oil Well Service Co.                   Trade               $30,400

Little Snake River Conservation        Trade               $30,000
District
lsrcd@yahoo.com

Alameda Corridor Trans Auth.           Trade               $23,819

Mountain States Pressure Service Inc.  Trade               $23,175

Stone Well Service LLC                 Trade               $17,544

X-Chem LLC                             Trade               $16,330

Eureka Resources, LLC                  Trade               $15,338

California Independent                 Trade               $15,000
Petroleum Association

Baker Hughes                           Trade               $12,903

Patriot Environmental Services         Trade               $12,602

Susquehanna Gas Field Services         Trade               $11,310
billr@sgfsllc.com

Mechanical Seal Repair                 Trade                $9,990

PCI Power Control Integrated           Trade                $9,288
t_m@tmlgroup.com;
pci@tmlgroup.com

Avanti Environmental Inc.              Trade                $8,462

Erick Flowback Services LLC            Trade                $7,400

Barnett Consulting Inc.                Trade                $6,575
dale@barnettconsultinginc.com

Alerdice Inc.                          Trade                $5,897
dale@msrseals.com

Yukon Corporation                      Trade                $5,772

Worleyparsons Group                      Trade              $5,490

Lovco Construction, Inc.                 Trade              $4,438
mike@lovco.com

Davis Construction                       Trade              $4,316
info@davisconstruction.com

Southern California Gas Co.              Trade              $3,881

Solid Construction & Repair              Trade              $3,800

Dell Marketing L.P.                      Trade              $3,709

Stan-Dur Steel Products Co.              Trade              $3,525

Petro Tech Resources Co.                 Trade              $3,251
info@PetrotechResources.com

Verizon Business                         Trade              $2,837

Bakersfield Pipe & Supply                Trade              $2,541


WARREN RESOURCES: Files for Chapter 11 to Reorganize
----------------------------------------------------
Warren Resources, Inc., and certain of its wholly owned
subsidiaries filed voluntary petitions for reorganization under
Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
the Southern District of Texas on June 2, 2016.

The Debtors have filed a motion with the Bankruptcy Court seeking
to jointly administer all of their Chapter 11 cases under the
caption In re Warren Resources, Inc., et al., Case No. 16-32760.
The Debtors will continue to operate their businesses as
"debtors-in-possession" under the jurisdiction of the Bankruptcy
Court and in accordance with the applicable provisions of the
Bankruptcy Code and orders of the Bankruptcy Court.  The Company
has filed a series of first day motions with the Court that will
allow it to continue to conduct business without interruption.
These motions are designed primarily to minimize the effect of
bankruptcy on the Company's operations, customers and employees.

The Company expects to continue operations in the normal course
during the pendency of the Chapter 11 cases, and anticipates making
royalty payments and payments to working interest owners when due,
subject to Bankruptcy Court approval.  Employees should expect no
change in their daily responsibilities and to be paid in the
ordinary course of business.

                   Restructuring Support Agreement

In connection with its Chapter 11 filing, the Company announced
that it has reached an agreement, executed on June 2, 2016, with
the lenders under its existing first-lien credit agreement and the
holders of a majority of its senior notes for a consensual
restructuring of its balance sheet.  Under the Restructuring
Support Agreement:

   * the lenders under the Company's first-lien credit agreement
     will become lenders under a new first-lien credit facility
     and will obtain 82.5% of the post-restructuring common equity
     of the Company (subject to dilution under a new management
     incentive program and the exercise of certain warrants, to
     the extent issued);

   * the lenders under the Company's second-lien credit facility,
     the holders of the Company's unsecured notes and, at the   
     option of the Plan Sponsor, a holder of another claim (if
     allowed) will be entitled to share pro rata in 17.5% of the
     post-restructuring common equity of the Company; and

   * the reorganized Company may, subject to the satisfaction of
     certain conditions, issue to the lenders under the Company's
     second-lien credit facility five-year warrants exercisable
     into up to 5% of the post-restructuring common equity of the
     Company (subject to dilution under a new management incentive

     plan).

The Restructuring Support Agreement contemplates the approval by
the Bankruptcy Court of the DIP Credit Agreement.  Upon the
effectiveness of the plan of reorganization contemplated by the
Restructuring Support Agreement, any outstanding principal amount
of the DIP Credit Agreement may be, at the option of the Plan
Sponsor, exchanged or rolled into the new first-lien credit
facility.

The Restructuring Support Agreement includes an agreed timeline for
the Chapter 11 cases that, if met, would result in the Company
confirming a Chapter 11 plan and emerging from bankruptcy within
130 days.  The proposed terms of the DIP Credit Agreement and the
proposed terms of the restructuring set forth in the Restructuring
Support Agreement are to be effectuated through the Chapter 11
cases and remain subject to Bankruptcy Court approval.

                 Debtor-in-Possession Financing

In connection with the Chapter 11 cases, the Debtors filed a motion
seeking, among other things, interim and final approval of their
use of cash collateral and debtor-in-possession financing on terms
and conditions set forth in a proposed Debtor-in-Possession Credit
Agreement among the Company, the financial institutions or other
entities from time to time parties thereto, as lenders, and
Wilmington Trust, National Association, as administrative agent.
The initial lenders under the DIP Credit Agreement are expected to
be one or more of the lenders under the Company's existing
first-lien credit agreement or the affiliates of such lenders.  The
proposed DIP Credit Agreement, if approved by the Court, contains
the following terms:

   * a multi-draw term loan in the aggregate amount of up to $20
     million;

   * following approval by the Bankruptcy Court, proceeds of the
     DIP Credit Agreement may be used by the Debtors to (i) pay
     certain costs, fees and expenses related to the Chapter 11
     Cases, (ii) make payments in respect of certain "adequate
     protection" obligations and (iii) fund working capital needs,

     capital improvements and expenditures of the Company and its
     subsidiaries, in all cases subject to the terms of the DIP
     Credit Agreement and applicable orders of the Bankruptcy
     Court;

   * the maturity date of the DIP Credit Agreement is expected to
     be the earliest to occur of Oct. 31, 2016 (though such
     date may be extended by written agreement among the Company,
     its subsidiaries and each of the lenders under the DIP Credit
     Agreement for up to three months without further approval
     from the Bankruptcy Court), the effective date of a plan of
     reorganization in the Chapter 11 cases and certain other
     events under the DIP Credit Agreement;

   * interest will accrue at a rate per year equal to the LIBOR
     rate (with a floor of 1.00%) plus 11.0%;

   * in addition to fees to be paid to the administrative agent,
     the Company is required to pay to the administrative agent
     for the account of the lenders under the DIP Credit Agreement

     the following fees:

       -- a funding fee equal to 3.0% of the aggregate commitment
     amount of $20.0 million on the date that the Company receives

     its first advancement of a borrowing under the DIP Credit
     Agreement, which may be paid from the proceeds of such
     borrowing;

      -- an unused commitment fee equal to 1.0% of the daily
     average of each lender's unused commitment under the DIP
     Credit Agreement, which is payable in arrears on the last day

     of each calendar month and on the termination date for the
     facility for any period for which the unused commitment fee
     has not previously been paid; and

      -- an exit fee upon the prepayment or repayment (upon the
     termination of the facility) of any portion of the facility
     in an amount equal to 2.0% of the principal amount so prepaid

     or repaid, respectively, unless such repayment is made in
     cash, in which case no exit fee shall be due and payable;

   * the obligations and liabilities of the Company and its
     subsidiaries owed to the administrative agent or lenders
     under the DIP Credit Agreement and related financing
     documents will be entitled to joint and several super-
     priority administrative expense claims status in the Chapter
     11 cases subject to limited exceptions, and will be secured
     by a perfected second-priority lien on the assets and
     property of the Company and its subsidiaries that is subject
     to a valid, perfected and non-avoidable lien as of the
     petition date (including any such liens securing obligations
     under the existing first-lien credit agreement and related
     documents) and a perfected first-priority lien on all other
     assets and property of the Company and its subsidiaries, in
     each case, subject to limited exceptions;

   * the proposed DIP Facility is subject to customary covenants,
     prepayment events, events of default and other provisions.

The DIP Credit Agreement is subject to approval by the Bankruptcy
Court, which has not been obtained at this time.  The Debtors
anticipate closing the DIP Credit Agreement promptly following
approval by the Bankruptcy Court of the DIP Motion.

                        Delisting Notice

On May 26, 2016, the Company received an Additional Staff
Determination -- Delinquency letter from the Listing Qualifications
Department of The Nasdaq Stock Market, notifying the Company that
the Company's delay in filing its quarterly report on Form 10-Q
serves as an additional basis for delisting the Company's
securities from The Nasdaq Stock Market.  The letter from the Staff
notes that the Company may, pursuant to Nasdaq Listing Rule
5185(a)(1)(B), request an appeal to a Hearings Panel of the Staff
within seven days of the letter, which would stay the delisting of
the Company's securities for up to 15 days from the date of the
request.

                      About Warren Resources

Warren Resources Inc., is an independent energy company engaged in
the exploration, development and production of domestic onshore
crude oil and natural gas reserves.  It is primarily focused on
the development of its waterflood oil recovery properties in the
Wilmington field within the Los Angeles Basin of California, its
position in the Marcellus Shale gas in northeastern Pennsylvania
and its coalbed methane, or CBM, natural gas properties located in
Wyoming.

The Debtors listed total assets of $229.67 million and total debts
of $545.16 million.

Warren Resources, Inc., Warren E&P, Inc., Warren Resources of
California, Inc., Warren Marcellus LLC, Warren Energy Services, LLC
and Warren Management Corp. each filed a voluntary petition under
Chapter 11 of the Bankruptcy Code (Bankr. S.D. Tex. Proposed Lead
Case No. 16-32760) on June 2, 2016.

The Debtors have hired Andrews Kurth LLP as counsel, Jefferies LLC
as investment banker, Deloitte Transactions and Business Analytics
LLP as restructuring advisor and Epiq Bankruptcy Solutions, LLC as
claims, balloting and noticing agent.

Judge Marvin Isgur has been assigned the cases.


ZAK HOLDINGS: Plan Confirmation Hearing Set for Aug. 29
-------------------------------------------------------
U.S. Bankruptcy Court Judge C. Ray Mullins approved the disclosure
statement explaining the Plan of Reorganization for ZAK Holdings,
LLC.

The deadline for filing written objections to the Plan shall be
August 12, 20161 with the Clerk, U.S. Bankruptcy Court, Room 1340,
U.S. Courthouse (Richard B. Russell Building), 75 Ted Turner Drive,
SW, Atlanta, Georgia 30303, and a copy shall be served on counsel
for Debtor:

     Leon S. Jones, Esq.
     Leslie M. Pineyro , Esq.
     Jones & Walden, LLC
     21 Eighth Street, NE
     Atlanta, GA 30309
     Tel: (404) 564-9300
     Fax: (404) 564-9301
     E-mail: ljones@joneswalden.com
             Lpineyro@joneswalden.com

A hearing to consider confirmation of the Plan shall be held in
Courtroom 1203, U.S. Courthouse, 75 Ted Turner Drive, SW, Atlanta,
Georgia 30303 at 9:30 a.m. on Aug. 29, 2016.

The deadline for casting ballots to accept or reject the Plan shall
be Aug. 12, 2016.

ZAK Holdings, LLC, based in Stone Mountain, Ga., filed a Chapter 11
petition (Bankr. N.D. Ga. Case No. 15-70741) on October 29, 2015.
Hon. Ray C. Mullins presides over the case.  In its petition, the
Debtor listed under $50,000 in assets and $1 million to $10 million
in liabilities.  The petition was signed by Zakiatu Swaray-Rowe,
member and manager.


[*] Berger Singerman Bankruptcy Co-Chair Gets Chambers Top Ranking
------------------------------------------------------------------
Berger Singerman, Florida's business law firm, has been ranked
among the top Florida law firms in the Chambers USA 2016 America's
Leading Business Lawyers for Business annual publication for the
thirteenth consecutive year.  The ranking included sixteen of the
firm's attorneys and five of its practice teams:
Bankruptcy/Restructuring, Corporate/M&A & Private Equity,
Environment, Litigation: General Commercial, and Real Estate.

The annual and prestigious Chambers USA guide of the best law firms
and lawyers is published by London-based Chambers & Partners.
Chambers conducts rigorous research in connection with its
evaluation and rating of lawyers and firms, including interviews
with clients and other attorneys.  Chambers evaluates the technical
legal ability of the lawyers and firms it rates, as well as their
reputations for professional conduct, client service and results
obtained.

Berger Singerman's Business Reorganization Team again received the
list's highest Band 1 ranking, which it has been awarded every year
since Chambers began publishing in the United States in 2003, and
six of the firm's bankruptcy lawyers were recognized.  In this
year's publication, firm Co-chair Paul Steven Singerman was again
the only attorney in Florida to receive a *(star) ranking for
Bankruptcy/Restructuring, a ranking Mr. Singerman has now held for
eight consecutive years.  Additionally, Mr. Singerman is ranked
nationally and is one of only two lawyers in the state of Florida
to achieve Chambers national ranking in Bankruptcy/Restructuring.

"We are gratified by our recognition by Chambers & Partners in its
2016 guide.  We have a high regard for Chambers and the rigor of
its market and client research.  This recognition validates our
mission as Florida's business law firm and motivates us to redouble
our efforts to provide passionate and creative client service that
adds real value for our clients and referral sources," said
Mr. Singerman.  "It is an honor for our attorneys and firm to be
ranked for the thirteenth consecutive year and included among such
a prestigious group of legal professionals by the widely respected
Chambers USA guide."

These rankings are the most recent honors the firm has received
over the course of the last year, including being named one of
Law360's Florida Powerhouses, The National Law Journal's Midsize
Hot List, and U.S. News & World Report and Best Lawyers' Best Law
Firms.  Berger Singerman has also been recognized for its strong
corporate culture, being named a Best Place to Work by the South
Florida Business Journal and a Top Workplace by the Sun-Sentinel.
In addition, Berger Singerman was also recently awarded the Greater
Miami Chamber of Commerce's South Florida Good to Great Award.

                      About Berger Singerman

Florida's business law firm, Berger Singerman LLP --
http://www.bergersingerman.com/-- has more than 80 attorneys
working out of offices in Boca Raton, Fort Lauderdale, Miami and
Tallahassee.  Members of the firm have expertise in all areas of
commercial law, including banking, business reorganization,
corporate securities and M&A, dispute resolution, employment law,
white collar crime, real estate, environmental and land use,
insurance, tax, estate planning, and probate.


[*] Cassels Brock Sets up Shop in Canada's Oil Patch
----------------------------------------------------
The Daily Bankruptcy Review, citing the Globe and Mail, reported
that Cassels Brock & Blackwell LLP is setting up shop in the heart
of Canada's oil patch, some seven years after the idea first
crossed the minds of partners at the historically Toronto-centric
law firm.

According to the report, some time in June, the five lawyers
Cassels has hired since April -- three partners and two associates
-- will move into their new offices in Calgary from the temporary
space they are occupying today at Bankers Hall.  The new digs are
still under construction, the report related.




[*] Choate Hall Bankruptcy Attorneys Get Chambers 2016 Top Rankings
-------------------------------------------------------------------
Choate, Hall & Stewart LLP has received top rankings in the 2016
edition of Chambers USA: America's Leading Lawyers for Business for
the majority of its practice areas -- Antitrust, Banking & Finance,
Bankruptcy/Restructuring, Corporate/M&A, Healthcare, Intellectual
Property, Litigation: General Commercial, Private Equity: Buyouts,
Tax, and Technology.  Thirty Choate attorneys, representing over
one third of the firm's equity partners, were also ranked among the
top U.S. attorneys in their respective fields.  These include:

Antitrust - Robert M. Buchanan, Jr.

Banking & Finance - Andrew Hickey, Peter M. Palladino, Kevin J.
Simard, and John F. Ventola


Bankruptcy/Restructuring - Douglas R. Gooding and John F. Ventola

Corporate/M&A - William B. Asher, Jr., Robert V. Jahrling III, and
Laurence P. Naughton

Employee Benefits & Executive Compensation - Arthur S. Meyers

Healthcare - Julie Hesse and Christine G. Savage

Insurance: Dispute Resolution: Reinsurance - Nationwide - David A.
Attisani

Intellectual Property - Karen F. Copenhaver (Licensing), Robert S.
Frank, Jr., Dr. Brenda H. Jarrell, and Eric J. Marandett

Labor & Employment - Thomas E. Shirley and Gregory Keating

Litigation - Mark D. Cahill (General Commercial), Jack Cinquegrana
(White-Collar Crime & Government Investigations), Robert S. Frank,
Jr. (General Commercial), Diana K. Lloyd (White-Collar Crime &
Government Investigations), and Joan Lukey (General Commercial)

Litigation: Trial Lawyers - Nationwide - Joan Lukey

Private Equity - Christian A. Atwood (Buyouts), Stephen M. L. Cohen
(Buyouts), Brian P. Lenihan (Venture Capital Investment), Stephen
Meredith (Buyouts), Howard Rosenblum (Fund Formation), and Andrew
E. Taylor, Jr. (Fund Formation)

Tax - Louis J. Marett

Technology - Karen F. Copenhaver

Chambers is considered to be the most reputable legal directory in
the world because inclusion is based solely on the findings of its
research teams.  The rankings data is culled from in-depth
interviews with clients, law firms, and lawyers across the country,
with greater weight given to the views of the clients.  Ranking
criteria include technical legal ability, professional conduct,
client service, commercial astuteness, diligence, commitment, and
other qualities most valued by the client.

Choate, Hall & Stewart LLP, one of the nation's leading law firms,
is consistently recognized for excellence by Best Lawyers in
America, Chambers USA, The Legal 500, World's Leading Lawyers,
International Who's Who of Lawyers, and Expert Guides.  With all of
its lawyers under one roof, Choate focuses on a core group of areas
where it represents clients across the United States and
internationally and provides exceptional efficiency, service and
value.  Choate's areas of focus include corporate/M&A, private
equity, finance & restructuring, antitrust, high-stakes litigation,
life sciences, technology companies and intellectual property,
insurance/reinsurance, employee benefits and executive
compensation, labor & employment, healthcare, government
enforcement and compliance, tax, and wealth management.


[*] Williams Mullen's Bankruptcy Attorneys Among Chambers 2016 List
-------------------------------------------------------------------
Williams Mullen on June 2, 2016, disclosed that 26 of the firm's
attorneys and 11 of its practice areas have received recognition in
the 2016 edition of Chambers USA, America's Leading Lawyers for
Business.  Of the 26 included, Arnie Mason, Speaker Pollard and
Ethan Ware received recognition for the first time this year.

Chambers bases its rankings on market research into the strengths
and reputations of U.S. attorneys and law firms.  Interviews are
conducted with clients and attorneys across the nation to enable
Chambers to assess technical legal ability, professional conduct,
client service, commercial astuteness, diligence, commitment and
other valued qualities.

Williams Mullen's 2016 Chambers attorney rankings, sorted by
region, are as follows:

Virginia

William D. Bayliss – Litigation: General Commercial (Band 1)

Paul S. "Chip" Bliley, Jr. – Bankruptcy/Restructuring (Band 3)

Turner A. Broughton – Litigation: General Commercial (Band 3)

David C. Burton – Labor & Employment (Band 2)

Brian Cashmere – Construction (Band 3)

Robert K. Cox – Construction (Band 2)

Calvin W. "Woody" Fowler, Jr. – Litigation: General Commercial
(Recognized Practitioner)

Lynn F. Jacob – Labor & Employment (Band 2)

Channing J. Martin – Environment (Band 1)

Arnie B. Mason – Construction (Up and Coming)

James V. Meath – Labor & Employment (Band 1)

Henry R. "Speaker" Pollard, V – Environment (Band 3)

William H. Schwarzschild, III – Bankruptcy/Restructuring (Band 2)


Southern Virginia

Hon. Ralph L. "Bill" Axselle, Jr. – Real Estate: Zoning/Land Use
(Senior Statesmen)

Gregory R. Bishop – Corporate/M &A (Band 2)

Thomas R. Frantz – Corporate/M &A (Eminent Practitioner)

Howard E. Gordon – Real Estate (Band 2)

John M. Mercer – Real Estate (Band 2)

Craig L. Mytelka – Intellectual Property (Band 2)

North Carolina

Amos C. Dawson, III – Environment (Senior Statesmen)

Robert C. Lawson – Real Estate (Band 3)

Michael C. Lord – Labor & Employment (Band 3)

David F. Paulson, Jr. – Corporate/M &A (Band 4)

Aaron G. Spencer – Corporate/M &A (Band 4)

Robert Van Arnam – Intellectual Property (Band 2)

South Carolina

Ethan R. Ware – Environment (Band 2)

Williams Mullen's 2016 Chambers Practice Area Rankings are as
follows:

Construction – Virginia (Band 2)

Corporate/M &A – North Carolina (Band 4)

Corporate/M &A – Southern Virginia (Band 2)

Environment – Virginia (Band 2)

Intellectual Property – North Carolina (Band 3)

Intellectual Property – Southern Virginia (Band 2)

Labor & Employment – Virginia (Band 3)

Litigation: General Commercial – North Carolina (Band 4)

Litigation: General Commercial – Virginia (Band 2)

Real Estate – North Carolina (Band 3)

Real Estate – Southern Virginia (Band 2)

For more information, visit www.chambersandpartners.com  

                       About Williams Mullen

Williams Mullen -- http://www.williamsmullen.com-- is an AmLaw 200
law firm that blends the law, government relations and economic
development to help grow the business of its clients and the
economy of its region across North Carolina, South Carolina,
Virginia and Washington, D.C.


[^] BOND PRICING: For the Week from May 30 to June 3, 2016
----------------------------------------------------------
  Company                   Ticker  Coupon Bid Price   Maturity
  -------                   ------  ------ ---------   --------
99 Cents Only Stores LLC    NDN      11.00     65.90 12/15/2019
A. M. Castle & Co           CAS       7.00     46.25 12/15/2017
A. M. Castle & Co           CAS      12.75     92.00 12/15/2016
ACE Cash Express Inc        AACE     11.00     48.50   2/1/2019
ACE Cash Express Inc        AACE     11.00     48.50   2/1/2019
Affinion Group Inc          AFFINI    7.88     48.31 12/15/2018
Affinion Investments LLC    AFFINI   13.50     40.00  8/15/2018
Alpha Appalachia
  Holdings Inc              ANR       3.25      0.98   8/1/2015
Alpha Natural
  Resources Inc             ANR       6.00      1.00   6/1/2019
Alpha Natural
  Resources Inc             ANR       9.75      0.61  4/15/2018
Alpha Natural
  Resources Inc             ANR       6.25      0.94   6/1/2021
Alpha Natural
  Resources Inc             ANR       7.50      1.94   8/1/2020
Alpha Natural
  Resources Inc             ANR       4.88      0.75 12/15/2020
Alpha Natural
  Resources Inc             ANR       3.75      0.85 12/15/2017
Alpha Natural
  Resources Inc             ANR       7.50      1.94   8/1/2020
Alpha Natural
  Resources Inc             ANR       7.50      1.91   8/1/2020
American Eagle Energy Corp  AMZG     11.00     12.50   9/1/2019
American Eagle Energy Corp  AMZG     11.00     12.50   9/1/2019
American Gilsonite Co       AMEGIL   11.50     57.00   9/1/2017
American Gilsonite Co       AMEGIL   11.50     56.50   9/1/2017
Arch Coal Inc               ACI       7.00      1.88  6/15/2019
Arch Coal Inc               ACI       7.25      2.13  6/15/2021
Arch Coal Inc               ACI       7.25      1.60  10/1/2020
Arch Coal Inc               ACI       9.88      0.94  6/15/2019
Arch Coal Inc               ACI       8.00      1.75  1/15/2019
Arch Coal Inc               ACI       8.00      1.39  1/15/2019
Armstrong Energy Inc        ARMS     11.75     40.00 12/15/2019
Armstrong Energy Inc        ARMS     11.75     42.00 12/15/2019
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp              ARP       7.75     15.20  1/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp              ARP       9.25     15.81  8/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp              ARP       9.25     13.88  8/15/2021
Atlas Energy Holdings
  Operating Co LLC /
  Atlas Resource
  Finance Corp              ARP       9.25     13.88  8/15/2021
Avaya Inc                   AVYA     10.50     28.30   3/1/2021
Avaya Inc                   AVYA     10.50     27.45   3/1/2021
BPZ Resources Inc           BPZR      6.50      2.69   3/1/2015
BPZ Resources Inc           BPZR      6.50      2.69   3/1/2049
Basic Energy Services Inc   BAS       7.75     35.00  2/15/2019
Berry Petroleum Co LLC      LINE      6.75     23.80  11/1/2020
Berry Petroleum Co LLC      LINE      6.38     24.00  9/15/2022
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp    BBEP      7.88     13.00  4/15/2022
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp    BBEP      8.63     14.50 10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp    BBEP      8.63     14.13 10/15/2020
BreitBurn Energy
  Partners LP /
  BreitBurn Finance Corp    BBEP      8.63     14.13 10/15/2020
Caesars Entertainment
  Operating Co Inc          CZR      10.00     35.50 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      12.75     37.50  4/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      10.00     41.00 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR       5.75     39.30  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR      10.00     36.13 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR       5.75     12.25  10/1/2017
Caesars Entertainment
  Operating Co Inc          CZR      10.00     39.88 12/15/2018
Caesars Entertainment
  Operating Co Inc          CZR      10.00     36.13 12/15/2018
Chassix Holdings Inc        CHASSX   10.00      8.00 12/15/2018
Chassix Holdings Inc        CHASSX   10.00      8.00 12/15/2018
Claire's Stores Inc         CLE       8.88     23.50  3/15/2019
Claire's Stores Inc         CLE      10.50     53.55   6/1/2017
Claire's Stores Inc         CLE       7.75     20.50   6/1/2020
Claire's Stores Inc         CLE       7.75     21.38   6/1/2020
Clean Energy Fuels Corp     CLNE      7.50     85.88  8/30/2016
Community Choice
  Financial Inc             CCFI     10.75     41.25   5/1/2019
Comstock Resources Inc      CRK       7.75     27.30   4/1/2019
Comstock Resources Inc      CRK       9.50     28.80  6/15/2020
Creditcorp                  CRECOR   12.00     52.00  7/15/2018
Creditcorp                  CRECOR   12.00     52.00  7/15/2018
Cumulus Media Holdings Inc  CMLS      7.75     43.25   5/1/2019
EPL Oil & Gas Inc           EXXI      8.25      8.75  2/15/2018
EXCO Resources Inc          XCO       7.50     35.50  9/15/2018
EXCO Resources Inc          XCO       8.50     21.65  4/15/2022
Eagle Rock Energy
  Partners LP / Eagle
  Rock Energy
  Finance Corp              EROC      8.38     16.75   6/1/2019
Emerald Oil Inc             EOX       2.00      2.00   4/1/2019
Endeavour
  International Corp        END      12.00      1.02   3/1/2018
Endeavour
  International Corp        END      12.00      1.02   3/1/2018
Energy & Exploration
  Partners Inc              ENEXPR    8.00      1.97   7/1/2019
Energy & Exploration
  Partners Inc              ENEXPR    8.00      1.97   7/1/2019
Energy Conversion
  Devices Inc               ENER      3.00      7.88  6/15/2013
Energy Future
  Holdings Corp             TXU      11.25     65.38  11/1/2017
Energy Future
  Holdings Corp             TXU       9.75     20.00 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU      10.00      1.00  12/1/2020
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU      10.00      4.00  12/1/2020
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU       9.75     20.00 10/15/2019
Energy Future Intermediate
  Holding Co LLC /
  EFIH Finance Inc          TXU       6.88      4.00  8/15/2017
Energy XXI Gulf Coast Inc   EXXI     11.00     40.25  3/15/2020
Energy XXI Gulf Coast Inc   EXXI      9.25      6.88 12/15/2017
Energy XXI Gulf Coast Inc   EXXI      7.50      4.75 12/15/2021
Energy XXI Gulf Coast Inc   EXXI      6.88      4.88  3/15/2024
Energy XXI Gulf Coast Inc   EXXI      7.75      6.88  6/15/2019
FBOP Corp                   FBOPCP   10.00      1.84  1/15/2009
FXCM Inc                    FXCM      2.25     39.00  6/15/2018
FairPoint
  Communications Inc/Old    FRP      13.13      1.88   4/2/2018
Federal Farm Credit Banks   FFCB      2.99     99.98   2/4/2028
Federal Farm Credit Banks   FFCB      2.30     99.37   6/2/2023
Federal Farm Credit Banks   FFCB      2.94     99.95  8/13/2027
Federal Farm Credit Banks   FFCB      3.75    100.00   6/9/2036
Federal Farm Credit Banks   FFCB      2.22     99.57  1/17/2023
Federal Farm Credit Banks   FFCB      3.05    100.00  5/25/2028
Federal Farm Credit Banks   FFCB      2.30     99.45  2/23/2023
Federal Farm Credit Banks   FFCB      2.98    100.00  10/4/2027
Federal Farm Credit Banks   FFCB      3.39     99.48   6/8/2029
Federal Farm Credit Banks   FFCB      1.42     99.98   4/2/2019
Federal Farm Credit Banks   FFCB      2.37     99.54  1/22/2024
Federal Farm Credit Banks   FFCB      1.46     99.60   6/3/2019
Federal Farm Credit Banks   FFCB      1.43     99.58  5/28/2019
Federal Farm Credit Banks   FFCB      2.40     99.56  1/26/2024
Federal Home Loan Banks     FHLB      1.20    100.00  6/10/2019
Federal Home Loan Banks     FHLB      2.37    100.22  6/10/2022
Federal Home Loan
  Mortgage Corp             FHLMC     1.25    100.06  6/10/2019
Federal Home Loan
  Mortgage Corp             FHLMC     1.45     99.76  6/10/2019
Federal National
  Mortgage Association      FNMA      2.26    100.00 12/12/2022
Federal National
  Mortgage Association      FNMA      3.00     99.86  6/14/2027
Fleetwood Enterprises Inc   FLTW     14.00      3.56 12/15/2011
Forbes Energy Services Ltd  FES       9.00     44.00  6/15/2019
Gibson Brands Inc           GIBSON    8.88     52.50   8/1/2018
Gibson Brands Inc           GIBSON    8.88     48.22   8/1/2018
Gibson Brands Inc           GIBSON    8.88     48.50   8/1/2018
Goodman Networks Inc        GOODNT   12.13     49.92   7/1/2018
Goodrich Petroleum Corp     GDPM      8.88      0.58  3/15/2018
Goodrich Petroleum Corp     GDPM      8.88      0.58  3/15/2018
Gymboree Corp/The           GYMB      9.13     53.50  12/1/2018
Halcon Resources Corp       HKUS      9.75     20.88  7/15/2020
Halcon Resources Corp       HKUS      8.88     21.13  5/15/2021
Halcon Resources Corp       HKUS      9.25     19.63  2/15/2022
Hexion Inc                  HXN       9.20     46.05  3/15/2021
Horsehead Holding Corp      ZINC      3.80      4.00   7/1/2017
Horsehead Holding Corp      ZINC     10.50     55.50   6/1/2017
Horsehead Holding Corp      ZINC      9.00     20.00   6/1/2017
Horsehead Holding Corp      ZINC     10.50     55.50   6/1/2017
Horsehead Holding Corp      ZINC     10.50     55.50   6/1/2017
ION Geophysical Corp        IO        8.13     59.00  5/15/2018
Illinois Power
  Generating Co             DYN       7.00     41.50  4/15/2018
Illinois Power
  Generating Co             DYN       6.30     38.00   4/1/2020
Iracore International
  Holdings Inc              IRACOR    9.50     59.13   6/1/2018
Iracore International
  Holdings Inc              IRACOR    9.50     59.13   6/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     25.00   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     24.50   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     24.50   7/1/2018
IronGate Energy
  Services LLC              IRONGT   11.00     24.50   7/1/2018
Key Energy Services Inc     KEG       6.75     23.55   3/1/2021
Las Vegas Monorail Co       LASVMC    5.50      3.65  7/15/2019
Lehman Brothers
  Holdings Inc              LEH       4.00      4.06  4/30/2009
Lehman Brothers
  Holdings Inc              LEH       2.00      4.06   3/3/2009
Lehman Brothers
  Holdings Inc              LEH       1.60      4.06  11/5/2011
Lehman Brothers
  Holdings Inc              LEH       5.00      4.06   2/7/2009
Lehman Brothers
  Holdings Inc              LEH       2.07      4.06  6/15/2009
Lehman Brothers Inc         LEH       7.50      1.23   8/1/2026
Liberty Interactive LLC     LINTA     1.00     86.88  9/30/2043
Linc USA GP / Linc Energy
  Finance USA Inc           LNCAU     9.63     18.00 10/31/2017
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      8.63     16.75  4/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      6.50     16.75  5/15/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      7.75     15.51   2/1/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE     12.00     27.00 12/15/2020
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      6.25     16.75  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      6.50     15.50  9/15/2021
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      6.25     16.25  11/1/2019
Linn Energy LLC / Linn
  Energy Finance Corp       LINE      6.25     16.25  11/1/2019
Logan's Roadhouse Inc       LGNS     10.75     10.75 10/15/2017
Lonestar Resources
  America Inc               LNRAU     8.75     34.75  4/15/2019
Lonestar Resources
  America Inc               LNRAU     8.75     35.25  4/15/2019
MF Global Holdings Ltd      MF        3.38     23.50   8/1/2018
MF Global Holdings Ltd      MF        9.00     23.50  6/20/2038
MModal Inc                  MODL     10.75     10.13  8/15/2020
Magnetation LLC /
  Mag Finance Corp          MAGNTN   11.00     20.00  5/15/2018
Magnetation LLC /
  Mag Finance Corp          MAGNTN   11.00      8.00  5/15/2018
Magnetation LLC /
  Mag Finance Corp          MAGNTN   11.00      8.00  5/15/2018
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      10.75      0.75  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO       9.25      0.75   6/1/2021
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      12.00      9.00   6/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      10.75     96.25  10/1/2020
Midstates Petroleum
  Co Inc / Midstates
  Petroleum Co LLC          MPO      10.75      1.53  10/1/2020
Modular Space Corp          MODSPA   10.25     49.00  1/31/2019
Modular Space Corp          MODSPA   10.25     49.13  1/31/2019
Molycorp Inc                MCP      10.00      1.87   6/1/2020
Murray Energy Corp          MURREN   11.25     20.00  4/15/2021
Murray Energy Corp          MURREN    9.50     19.63  12/5/2020
Murray Energy Corp          MURREN   11.25     19.00  4/15/2021
Murray Energy Corp          MURREN    9.50     19.63  12/5/2020
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25      3.03  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25      3.03  5/15/2019
New Gulf Resources LLC/
  NGR Finance Corp          NGREFN   12.25      2.98  5/15/2019
Nine West Holdings Inc      JNY       8.25     28.00  3/15/2019
Nine West Holdings Inc      JNY       6.13     15.30 11/15/2034
Nine West Holdings Inc      JNY       6.88     19.72  3/15/2019
Nine West Holdings Inc      JNY       8.25     22.75  3/15/2019
Noranda Aluminum
  Acquisition Corp          NOR      11.00      0.75   6/1/2019
Nuverra Environmental
  Solutions Inc             NESC      9.88     31.00  4/15/2018
OMX Timber Finance
  Investments II LLC        OMX       5.54     12.00  1/29/2020
Optima Specialty Steel Inc  OPTSTL   12.50     80.00 12/15/2016
Optima Specialty Steel Inc  OPTSTL   12.50     70.50 12/15/2016
Peabody Energy Corp         BTU       6.00     14.50 11/15/2018
Peabody Energy Corp         BTU       6.50     14.63  9/15/2020
Peabody Energy Corp         BTU       6.25     14.25 11/15/2021
Peabody Energy Corp         BTU      10.00     15.50  3/15/2022
Peabody Energy Corp         BTU       4.75      0.25 12/15/2041
Peabody Energy Corp         BTU       7.88     14.15  11/1/2026
Peabody Energy Corp         BTU      10.00     15.92  3/15/2022
Peabody Energy Corp         BTU       6.00     14.13 11/15/2018
Peabody Energy Corp         BTU       6.00     17.25 11/15/2018
Peabody Energy Corp         BTU       6.25     14.38 11/15/2021
Peabody Energy Corp         BTU       6.25     14.38 11/15/2021
Penn Virginia Corp          PVAH      7.25     30.25  4/15/2019
Penn Virginia Corp          PVAH      8.50     30.50   5/1/2020
Permian Holdings Inc        PRMIAN   10.50     38.63  1/15/2018
Permian Holdings Inc        PRMIAN   10.50     38.63  1/15/2018
Pernix Therapeutics
  Holdings Inc              PTX       4.25     22.63   4/1/2021
Pernix Therapeutics
  Holdings Inc              PTX       4.25     22.67   4/1/2021
PetroQuest Energy Inc       PQ       10.00     50.66   9/1/2017
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT   10.25     34.75  10/1/2018
Prospect Holding Co LLC /
  Prospect Holding
  Finance Co                PRSPCT   10.25     34.75  10/1/2018
Quicksilver Resources Inc   KWKA      9.13      0.75  8/15/2019
Quicksilver Resources Inc   KWKA     11.00      2.50   7/1/2021
RS Legacy Corp              RSH       6.75      0.03  5/15/2019
Rex Energy Corp             REXX      8.88     12.50  12/1/2020
Rex Energy Corp             REXX      6.25     12.50   8/1/2022
Rolta LLC                   RLTAIN   10.75     19.38  5/16/2018
SFX Entertainment Inc       SFXE      9.63      1.50   2/1/2019
SFX Entertainment Inc       SFXE      9.63      1.46   2/1/2019
SFX Entertainment Inc       SFXE      9.63      1.46   2/1/2019
SFX Entertainment Inc       SFXE      9.63      1.46   2/1/2019
Sabine Oil & Gas Corp       SOGC      7.25      2.50  6/15/2019
Sabine Oil & Gas Corp       SOGC      7.50      2.50  9/15/2020
Sabine Oil & Gas Corp       SOGC      7.50      1.10  9/15/2020
Sabine Oil & Gas Corp       SOGC      7.50      1.10  9/15/2020
Samson Investment Co        SAIVST    9.75      1.71  2/15/2020
SandRidge Energy Inc        SD        7.50      6.50  3/15/2021
SandRidge Energy Inc        SD        8.75      6.44  1/15/2020
SandRidge Energy Inc        SD        8.13      6.38 10/15/2022
SandRidge Energy Inc        SD        7.50      6.50  2/15/2023
SandRidge Energy Inc        SD        8.13      6.13 10/16/2022
SandRidge Energy Inc        SD        7.50      6.13  2/16/2023
SandRidge Energy Inc        SD        7.50      6.25  3/15/2021
SandRidge Energy Inc        SD        7.50      6.25  3/15/2021
Sequa Corp                  SQA       7.00     26.75 12/15/2017
Sequa Corp                  SQA       7.00     25.00 12/15/2017
Sequenom Inc                SQNM      5.00     61.64  10/1/2017
Sequenom Inc                SQNM      5.00     62.75   1/1/2018
Seventy Seven Energy Inc    SSEI      6.50      6.88  7/15/2022
Sidewinder Drilling Inc     SIDDRI    9.75      6.13 11/15/2019
Sidewinder Drilling Inc     SIDDRI    9.75      6.00 11/15/2019
Speedy Group Holdings Corp  SPEEDY   12.00     45.75 11/15/2017
Speedy Group Holdings Corp  SPEEDY   12.00     45.75 11/15/2017
SquareTwo Financial Corp    SQRTW    11.63     11.50   4/1/2017
Stone Energy Corp           SGY       7.50     25.00 11/15/2022
Stone Energy Corp           SGY       1.75     24.25   3/1/2017
SunEdison Inc               SUNE      2.00      6.51  10/1/2018
SunEdison Inc               SUNE      0.25      6.50  1/15/2020
SunEdison Inc               SUNE      5.00     22.00   7/2/2018
SunEdison Inc               SUNE      2.75      6.13   1/1/2021
SunEdison Inc               SUNE      2.38      6.00  4/15/2022
SunEdison Inc               SUNE      2.63      6.00   6/1/2023
SunEdison Inc               SUNE      3.38      6.00   6/1/2025
Syniverse Holdings Inc      SVR       9.13     51.99  1/15/2019
TMST Inc                    THMR      8.00     11.25  5/15/2013
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO    9.75     31.13  2/15/2018
Talos Production LLC /
  Talos Production
  Finance Inc               TALPRO    9.75     31.13  2/15/2018
TerraVia Holdings Inc       TVIA      6.00     58.25   2/1/2018
Terrestar Networks Inc      TSTR      6.50     10.00  6/15/2014
TetraLogic
  Pharmaceuticals Corp      TLOG      8.00     25.70  6/15/2019
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      10.25      6.35  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      11.50     31.75  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      15.00      6.25   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      10.25      6.30  11/1/2015
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      15.00      6.13   4/1/2021
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      11.50     31.50  10/1/2020
Texas Competitive Electric
  Holdings Co LLC /
  TCEH Finance Inc          TXU      10.25      6.13  11/1/2015
Triangle USA
  Petroleum Corp            TPLM      6.75     22.50  7/15/2022
Triangle USA
  Petroleum Corp            TPLM      6.75     22.25  7/15/2022
UCI International LLC       UCII      8.63     24.00  2/15/2019
United States Steel Corp    X         6.05    103.40   6/1/2017
Vanguard Natural
  Resources LLC /
  VNR Finance Corp          VNR       7.88     24.95   4/1/2020
Venoco Inc                  VQ        8.88      4.25  2/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75     17.25  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75     17.25  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75      0.99  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75      1.70  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75     16.13  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75      1.70  1/15/2019
Verso Paper Holdings
  LLC / Verso Paper Inc     VRS      11.75     16.13  1/15/2019
Violin Memory Inc           VMEM      4.25     27.00  10/1/2019
W&T Offshore Inc            WTI       8.50     25.00  6/15/2019
Walter Energy Inc           WLTG      9.50     13.00 10/15/2019
Walter Energy Inc           WLTG      8.50      0.01  4/15/2021
Walter Energy Inc           WLTG      9.50     19.25 10/15/2019
Walter Energy Inc           WLTG      9.50     19.25 10/15/2019
Walter Energy Inc           WLTG      9.50     19.25 10/15/2019
Warren Resources Inc        WRES      9.00      1.40   8/1/2022
Warren Resources Inc        WRES      9.00      1.40   8/1/2022
Warren Resources Inc        WRES      9.00      1.40   8/1/2022
Washington Mutual Bank /
  Debt not acquired
  by JPMorgan               WAMU      6.75      0.25  5/20/2036
iHeartCommunications Inc    IHRT     10.00     56.00  1/15/2018


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than $3 per
share in public markets.  At first glance, this list may look like
the definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

                            *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2016.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-362-8552.

                   *** End of Transmission ***