TCR_Public/160624.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, June 24, 2016, Vol. 20, No. 176

                            Headlines

231 FOURTH AVENUE: Eric Richmond Suit Dismissed
4522 KATELLA: Wants Plan Filing Deadline Moved to July 25
ABEINSA HOLDING: Wants Plan Filing Deadline Moved to Nov. 23
ABENGOA BIOENERGY: Has Until Oct. 21 to Exclusively File Plan
AFFINITY HEALTHCARE: Plan Filing Period Extended to July 15

ALEXZA PHARMACEUTICALS: Acquired by Ferrer
ALION SCIENCE: S&P Revises Outlook to Negative & Affirms 'B' CCR
ALLIANCE ONE: Board Lowers Number of Directors to Nine
ALLIANCE ONE: Director Norman Scher Plans to Retire
AMERICAN HOSPICE: Wants Plan Filing Period Extended to Nov. 13

ARCH COAL: Committee Seeks Leave to Prosecute Claims
AXALTA COATING: S&P Raises CCR to 'BB', Outlook Stable
BAKERCORP: S&P Lowers CCR to 'B-', Outlook Stable
BASIC ENERGY: Signs Retention Bonus agreements With Executives
BDC SHARED SERVICES: Wants 180-Day Extension of Plan Filing Period

BEAR METALLURGICAL: Asks Court to Approve $4-Mil. Severance Plan
BELFOR USA: S&P Assigns 'BB-' Rating on Proposed $620MM Loans
BERRY PLASTICS: Moody's Rates New Term Loans 'Ba3'
BFN OPERATIONS: Court Grants Interim OK of $35M DIP Financing
BFN OPERATIONS: Meeting to Form Creditors' Panel Set for June 28

BGM PASADENA: Court Grants 90-Day Extension of Exclusivity Period
BINSWANGER GLASS: Summary Judgment Favoring Trulite Glass Affirmed
BIONITROGEN HOLDINGS: Has Until Sept. 1 to Exclusively File Plan
BIZ AS USUAL: Exclusive Solicitation Period Extended to July 16
BLACK DIAMOND MINING: Conditional Reopening of Bankruptcy Affirmed

BLUE EARTH: Wants Exclusive Plan Filing Deadline Moved to Oct. 17
BOMBARDIER RECREATIONAL: S&P Raises CCR to 'BB', Outlook Stable
BRUNSWICK CORP: Moody's Withdraws Ba1 Corp Family Rating
BSD OF MIAMI: Case Summary & 15 Largest Unsecured Creditors
BUNN COMMUNICATIONS: Case Summary & 20 Top Unsecured Creditors

BUY WHOLESALE: U.S. Trustee Unable to Appoint Committee
CADDO DESIGN: Taps Buechler & Garber as Legal Counsel
CAESARS ENTERTAINMENT: Has Pact with Bank Creditors to Support Plan
CAESARS ENTERTAINMENT: Judge Gives Green Light to Pursue Plan
CH KIM: Seeks to Hire T. Shepard, 2 Others as Attorneys

CHALFONT ROCK: Taps Buechler & Garber as Legal Counsel
CHINA GINSENG: $1.6M Debenture Convertible to 4M Shares
COMBIMATRIX CORP: Six Directors Elected at Annual Meeting
COMDISCO HOLDING: Files Motion for Final Decree to Close Ch.11
CONGREGATION ACHPRETVIA: Has Until Sept. 13 to File Plan

CORINTHIAN COLLEGES: Used Recruiting Incentives, Docs Show
CORNERSTONE TOWER: U.S. Trustee Forms 2-Member Committee
CRAIG GERSH TRUST: Taps Michael Kwasigroch as Attorney
DBD BEAUTY: Seeks to Hire Trinh Law as Legal Counsel
DORSEY MOTOR: Gets 90-Day Extension for Plan Filing Deadline

DRAW ANOTHER CIRCLE: U.S. Trustee Forms 7-Member Committee
ELBIT IMAGING: Clarifies Announcement on Reverse Split Confirmation
ELBIT IMAGING: Unit Signs EUR42.5M Loan for Belgrade Plaza
ENERGY FUTURE: TCEH Proposes to Tap $4.2-Bil. DIP Financing
EXOTICA ACADEMY: Exclusive Plan Filing Period Extended to July 18

FM KELLY CONSTRUCTION: U.S. Trustee Unable to Appoint Committee
FOODSERVICEWAREHOUSE.COM: Taps HyperAMS to Liquidate Assets
FOREST PARK MEDICAL: Can Obtain 20K Financing from Dr. Genecov
FOREST PARK MEDICAL: Landlords Allowed to Terminate OpCo Lease
FOREST PARK MEDICAL: Must Reject Hospital Lease, Landlords Say

GEORGE SHEDD: Court Narrows Shedd's Claims vs. Wells Fargo
HARVEST OPERATIONS: S&P Raises CCR to 'CCC+', Outlook Negative
HERCULES OFFSHORE: Claims Bar Date Set for July 12
HERCULES OFFSHORE: Seeks to Hire Akin Gump as Co-Counsel
HERCULES OFFSHORE: U.S. Trustee Forms 3-Member Equity Committee

HI-TEMP SPECIALITY: Files for Bankruptcy to Avert Liquidation
HI-TEMP SPECIALTY: Case Summary & 30 Largest Unsecured Creditors
IE TEST LLC: Wants Sept. 30 as Exclusive Plan Filing Deadline
IMPAX LABORATORIES: Teva Deal Has No Impact on Moody's B1 Rating
INSTITUTE OF CARDIOVASCULAR: Taps Tracy Mabry as Special Counsel

IRON BRIDGE TOOLS: U.S. Trustee Forms 3-Member Committee
JOHN MAVROUDIS: N.J. Court Junks Appeal from Property Sale
JOHN R REED INC: U.S. Trustee Unable to Appoint Committee
KESWICK REAL: U.S. Trustee Unable to Appoint Committee
KIMBALL HILL: Frankenmuth Owes Hodsco Duty to Defend, Court Says

LEASEWAY MOTORCAR: Penske Not Liable for Withdrawal, Court Says
LIFE PARTNERS: Susan Hersh Represents Small Individual Investors
LIVE WELL: U.S. Trustee Unable to Appoint Committee
LOUISIANA PELLETS: Can Enter Into Mgmt. Deal With German Pellets
LOUISIANA PELLETS: Court Sets August 16 as Claims Bar Date

LOUISIANA PELLETS: Lists $442-Mil. in Real, Personal Properties
LOUNGE22: Suit vs CORT Transferred to Nevada
MAX EXPRESS: Committee Taps Levene Neale as Legal Counsel
MAXUS ENERGY: Bankruptcy Deal Faces Opposition from OxyChem
MAXUS ENERGY: Meeting to Form Creditors' Panel Set for June 27

MC FLATBED: Wants Exclusive Solicitation Deadline Moved to Oct. 22
MIDSTATES PETROLEUM: Committee Taps Berkeley as Financial Advisor
MIZU JAPANESE: Hires Kit Sun as Accountant
MOBILEDIRECT INC: Taps Church Harris as Legal Counsel
MOBIVITY HOLDINGS: Has Resale Prospectus of 27.9M Common Shares

MONEY TREE: Committee's Bid for Partial Summary Judgment Denied
NATIONAL BANK OF ANGUILLA: Voluntary Chapter 11 Case Summary
NAVISTAR INT'L: Fitch Affirms 'CCC' Issuer Default Rating
NEUSTAR INC: Moody's Puts Ba3 CFR Under Review For Downgrade
NEWARK WATERSHED: Accusations Against Sen. Booker Dismissed

NORANDA ALUMINUM: Has $302.5-Mil. Deal for Downstream Biz.
OMNICOMM SYSTEMS: Stockholders Elect Five Directors
OUTER HARBOR: Has Until Sept. 28 to Exclusively File Plan
PARAGON OFFSHORE: Starts Push for Approval of Bankruptcy Plan
PHOENIX MANUFACTURING: Wants Sept. 26 as Plan Filing Deadline

PINNACLE RESORT: Taps Kapila-Mukamal as Accountant
PIONEER ENERGY: Provides Operations Update
PIONEER UK: S&P Assigns 'B' CCR, Outlook Stable
POINTON PROPERTIES: Case Summary & 3 Unsecured Creditors
POPEXPERT INC: Seeks to Hire Bachecki Crom as Tax Advisor

POSITRON CORP: Agrees to Buy Cecil O'Brate Shares for $100,000
POWELL VALLEY: U.S. Trustee Forms 2-Member Committee
PREMONT ISD: Moody's Affirms Ba1 Rating on General Obligation Debt
PRICEVILLE PARTNERS: Wants Plan Filing Period Extended to Sept. 14
PROGRESSIVE ACUTE CARE: U.S. Trustee Forms 3-Member Committee

PROJECT RUBY: S&P Assigns 'B' CCR, Outlook Stable
PUERTO RICO: Barred From Enacting Bankruptcy Schemes
PUERTO RICO: Panel Approves Power Utility Fee to Repay Debt
QEP RESOURCES: Fitch Assigns 'BB' Issuer Default Rating
QUEST SOLUTION: Further Streamlines Capital Structure & Cuts Debt

RESTAURANTS ACQUISITION: Plan Filing Period Extended to Sept. 27
RESTORE HEALTH: SSG Acted as Investment Banker on Asset Sale
ROSETTA GENOMICS: Gets Conditional OK for HEME FISH-based Assays
SEAFOOD ACADEMY: U.S. Trustee Unable to Appoint Committee
SFX ENTERTAINMENT: Exclusive Plan Filing Deadline Moved to Aug. 29

SOUTHWESTERN ENERGY: S&P Lowers CCR to 'BB-', Outlook Negative
SPORTS AUTHORITY: Broncos Can Cancel Sponsorship, Court Says
ST. MICHAEL: Court Won't Reconsider Dismissal of "Sala"
STARWOOD CAPITAL: Said to Offer $1.2-Bil. of U.S. Malls for Sale
TRINIDAD CEMENT: Fitch Affirms 'B-' IDR & Revises Outlook to Pos.

ULTRA PETROLEUM: Retention Plan Benefits Insiders, Trustee Says
ULTRA PETROLEUM: U.S. Trustee, Committees Object to Bonus Plan
VALEANT PHARMACEUTICALS: Names Sam Eldessouky as New CAO
VERSO CORP: Bankruptcy Court Confirms Plan of Reorganization
WABASH VALLEY: Grant of Summary Judgment vs. Northeastern Affirmed

WAVE SYSTEMS: Ch.11 Trustee Hires UpShot as Claims Agent
WAVE SYSTEMS: Ch.11 Trustee Taps UpShot as Administrative Agent
WEST CORP: Closes Sale of Real Property for $38.8 Million
WEST CORP: Extends Maturity of Credit Agreement with Wells Fargo
WEST CORP: Issues $400 Million Senior Notes Due 2021

WILLIAM CONTRACTOR: Wants Plan Filing Period Extended to Sept. 30
WORLD ENDURANCE: S&P Affirms 'B' CCR, Outlook Stable
YELLOWSTONE CLUB: Trial in Suit vs. Jessica Blixseth Set for Oct. 3
[*] Andrew Bernstein Joins EisnerAmper's FLSV Practice
[*] Ankura Appoints Two Managing Directors to Restructuring Practic

[^] BOOK REVIEW: Lost Prophets -- An Insider's History

                            *********

231 FOURTH AVENUE: Eric Richmond Suit Dismissed
-----------------------------------------------
Judge Brian M. Cogan of the United States District Court for the
Eastern District of New York dismissed as being without merit the
cases captioned ERIC H. RICHMOND, Appellant, v. P.B. #7, LLC,
Appellee, ERIC H. RICHMOND, Petitioner, v. JUDGE CARLA CRAIG, P.B.
#7, LLC, WILLIAM CURTIN, and MICHAEL MACCO, Respondents, ERIC H.
RICHMOND, Petitioner, v. JUDGE CARLA CRAIG and P.B. #7, LLC,
Respondents, Nos. 16 Civ. 1121 (BMC), 16 Civ. 2979 (BMC), 16 Civ.
3149 (BMC) (E.D.N.Y.).

Eric Richmond, appearing pro se, filed motions for leave to proceed
in forma pauperis in an appeal of a ruling of the Bankruptcy Court,
a petition for a writ of mandamus directed at the Honorable Carla
E. Craig, United States Bankruptcy Judge, P.B. #7, LLC, William
Curtin, and Michael Macco, and a separate petition for a writ of
mandamus directed at the Honorable Carla E. Craig and P.B. #7,
LLC.

Solely for the purposes of his order, Judge Cogan granted
Richmond's motions for leave to proceed in forma pauperis. However,
because the actions lack merit, Judge Cogan dismissed the cases and
Richmond was further ordered to show cause within 20 days of the
order why an injunction should not be imposed barring him from
filing any further actions in this district without first obtaining
permission from the court to do so.

A full-text copy of Judge Cogan's June 20, 2016 memorandum decision
and order is available at https://is.gd/16evdO from Leagle.com.


4522 KATELLA: Wants Plan Filing Deadline Moved to July 25
---------------------------------------------------------
4522 Katella Avenue, LLC, asks the U.S. Bankruptcy Court for the
District of Kansas to extend the deadline to file its Chapter 11
Disclosure Statement and Plan and also extend the exclusivity
period until July 25, 2016.

As reported by the Troubled Company Reporter on June 17, 2016, the
Court extended, at the behest of the Debtor, the exclusive period
for the Debtor to file its Chapter 11 plan until June 17, 2016.

On Dec. 23, 2015, the Debtor and ColFin MF5 Funding, LLC -- the
Debtor's only secured creditor, which holds a first mortgage on two
of the Debtor's properties, Parkside Apartments and Longfellow
Apartments in Wichita, Kansas -- entered into a stipulation
regarding interim use of cash collateral.  The Stipulation requires
the Debtor to file an adversary action within 60 days of signing
the Stipulation if it intends to challenge the balances of the
Lender's loans on the Properties.  The Debtor has timely challenged
the alleged balances by filing an adversary proceeding as mandated
by the Stipulation.

On May 6, 2016, pursuant to a motion of sale of real estate and
fixtures and payment of broker's commission, the Court entered an
agreed order granting the sale and payment of the broker's
commission.  The Properties are scheduled to close on June 27,
2016.  In light of the Sale and the unascertained balances, if any,
owed to the Lender the Debtor asks the Court to continue the
exclusive plan filing deadline.

The Debtor's counsel can be reached at:

     David G. Arst, Esq.
     Arst & Arst, P.A.
     555 N. Woodlawn, Ste. 115
     Wichita, KS 67208
     Tel: (316) 265-4222
     E-mail: david@arstarst.kscoxmail.com

                     About 4522 Katella Avenue

Long Beach, California-based 4522 Katella Avenue, LLC, owner of
three apartment complexes, sought protection under Chapter 11 of
the Bankruptcy Code on September 25, 2015 (Bankr. D. Ks. Case No.
15-12107).  

The Debtor estimated $1 million to $10 million in assets and debt.

4522 Katella is represented by David G. Arst, at Arst & Arst, P.A.


ABEINSA HOLDING: Wants Plan Filing Deadline Moved to Nov. 23
------------------------------------------------------------
Abeinsa Holding Inc., et al., ask the U.S. Bankruptcy Court for the
District of Delaware to extend each of the exclusivity periods
within which to file and solicit acceptances of a plan of
reorganization to Nov. 23, 2016, and Jan. 23, 2017, respectively.

A hearing on the request is set or July 7, 2016, at 11:00 a.m.
(EDT).  Objections must be filed by June 30, 2016, at 4:00 p.m.
(EDT).

Because the Debtors commenced these Chapter 11 cases on four
separate dates, the current exclusivity period within which the
Debtors must file a plan of reorganization are July 27, 2016, Aug.
4, 2016, Aug. 5, 2016, and Oct. 10, 2016.  The current exclusivity
period within which the Debtors must solicit acceptances of a plan
of reorganization are Sept. 26, 2016, Oct. 3, 2016, and Oct. 4,
2016, and Dec. 9, 2016.  The Debtors submit that a single deadline
for all Debtors in these cases, regardless of their respective
petition date, will aid in the efficient administration of these
Chapter 11 cases.

The Debtors' Chapter 11 cases pending before this Court are a part
of a global effort to reorganize debt exceeding EURO14.5 billion of
a business enterprise with worldwide operations.  With five
bankruptcy and insolvency proceedings in four separate
jurisdictions and significant out-of-court efforts, the
restructuring of Abengoa and its subsidiaries is a large and
complex worldwide corporate restructuring.  The Debtors fall into
multiple business units, which are managed by separate management
teams located throughout the U.S.  All must be coordinated to
formulate and prepare a plan of reorganization.

The issues of this case are complex and include, for example,
guaranty claims that exceed $6billion in debt.  Addressing the
Debtors' claims, and in particular the guaranty claims, is a
complex task involving multiple professional groups worldwide.
Further, there are contingencies that must be resolved before the
Debtors can formulate a plan of reorganization.

The Debtors in these cases have made and continue to make good
faith progress towards reorganization, and have been engaged in
discussions and negotiations with the Official Committee of
Unsecured Creditors and various parties in interest throughout
these cases.  The Debtors are well managed and continue to meet
their statutory obligations under the Bankruptcy Code, Bankruptcy
Rules and applicable local rules and guidelines.

The Debtors' have undertaken major steps in maximizing the value of
their estates by consummating a number of sale transactions of
their equity interests in certain ongoing projects and beginning
the orderly wind down of other projects.

The outcome of the Spanish Proceeding is a major contingency that
will significantly impact the direction of these cases.  Only after
certain deadlines affecting its Spanish affiliates and parent
companies pass will the Debtors be in a position to pursue
confirmation of a consensual plan of reorganization.

The Spanish Court issued orders on Dec. 14 and 22, 2015, and Jan.
15, 2016, admitting the notices, granting the 5bis Companies
protection under Spanish law, and commencing a restructuring
proceeding.

The Debtors have been paying their undisputed postpetition debts as
they come due and expect to continue to be able to do so.

The Debtors' counsel can be reached at:

     R. Craig Martin, Esq.
     DLA PIPER LLP (US)
     1201 North Market Street, Suite 2100
     Wilmington, Delaware 19801
     Tel: (302) 468-5700
     Fax: (302) 394-2341
     E-mail: craig.martin@dlapiper.com

          -- and --

     Richard A. Chesley, Esq. (admitted pro hac vice)
     DLA PIPER LLP (US)
     203 North LaSalle Street, Suite 1900
     Chicago, Illinois 60601
     Tel: (312) 369-4000
     Fax: (312) 236-7516
     E-mail: richard.chesley@dlapiper.com

                        About Abengoa S.A.

Abengoa, S.A., and 24 of its subsidiaries filed Chapter 15
petitions (Bankr. D. Del. Case Nos. 16-10754 to 16-10778) on March
28, 2016, to seek U.S. recognition of its restructuring
proceedings
in Spain.  Christopher Morris, the foreign representative, signed
the petitions.  DLA Piper LLP (US) serves as counsel.

Involuntary petitions were filed against the three affiliated
entities -- Abengoa Bioenergy of Nebraska, LLC, Abengoa Bioenergy
Company, LLC, and Abengoa Bioenergy Biomass of Kansas, LLC, under
Chapter 7 of the Bankruptcy Code in the United States Bankruptcy
Court for the District of Nebraska and the United States
Bankruptcy
Court for the District of Kansas.  The bankruptcy cases for
affiliate Abengoa Bioenergy of Nebraska, LLC and Abengoa Bioenergy
Company, LLC were converted to cases under chapter 11 of the
Bankruptcy Code and transferred to the United States Bankruptcy
Court for the Eastern District of Missouri.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and 5 five
other U.S. units of Abengoa S.A., which collectively own, operate,
and/or service four ethanol plants in Ravenna, York, Colwich, and
Portales, each filed a voluntary petition for relief under Chapter
11 of the United States Bankruptcy Code in the United States
Bankruptcy Court for the Eastern District of Missouri.  The cases
are pending before the Honorable Kathy A.  Surratt-States and are
jointly administered under Case No. 16-41161.

Abeinsa Holding Inc., and 12 other affiliates, which are energy,
engineering and environmental companies and indirect subsidiaries
of Abengoa, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Proposed Lead Case No. 16-10790) on March 29, 2016.


ABENGOA BIOENERGY: Has Until Oct. 21 to Exclusively File Plan
-------------------------------------------------------------
Kathy A. Surratt-States of the U.S. Bankruptcy Court for the
Eastern District of Missouri has extended, at the behest of Abengoa
Bioenergy US Holding, LLC, et al., the exclusive period for the
Debtor to file a plan of reorganization through and including Oct.
21, 2016, and the Debtors' exclusive period to solicit acceptance
of the Plan through and including Dec. 20, 2016.

The Debtors asked the Court to extend the exclusivity periods
within which to file and solicit acceptances of a plan of
reorganization by 120 days, from June 23, 2016, and Aug. 22, 2016,
respectively.

The Debtors are the only parties that owe fiduciary duties to the
entire enterprise, and they are the only parties that are
duty-bound to formulate a plan of reorganization that takes into
account the interests of the estate and all its constituents.

The Debtors utilize substantial number of suppliers in their
complex operations.

As the Debtors seek to streamline their operations, they undertake
a thorough review of their executory contracts and leases and may
seek to reject some and assume others.  The ongoing litigation
stemming from the Debtors' seeking to reject the natural gas supply
agreement with Encore Energy Services, Inc., serves as an example
of complexities that may arise along the way.  The Debtors expect
that the complexities will only increase as they seek to
restructure.

The ongoing marketing efforts will largely dictate the ultimate
strategy in these Chapter 11 cases.  Only after the marketing
process has played out, and the Debtors finalize their strategic
vision, will they be able to formulate a plan of reorganization and
provide their creditors and the Official Committee of Unsecured
Creditors with adequate financial information such that creditors
may cast an informed vote on the plan.  The Debtors are not yet in
a position to accurately evaluate the universe of claims against
them, prepare a reorganization plan, determine an appropriate
post-reorganization capital structure or prepare a disclosure
statement containing adequate information.

The Debtors have undertaken the major step in maximizing the value
of their estates by restarting the plants in Ravenna and York and
jump-starting the marketing effort.

Moreover, since the appointment of the Creditors' Committee, the
Debtors and their advisors have engaged in numerous meetings and
discussions with the Creditors' Committee's advisors as well as
certain other constituencies.  Discussions with the Creditors'
Committee continue to be productive and amicable.  This progress is
substantial, given the size and complexity of these cases, which
are relevant factors in determining whether a debtor has shown
progress in attempting in good faith to formulate a viable plan of
reorganization.

The outcome of the marketing process and the amounts of resulting
bids, is a major contingency that will significantly impact the
direction of these cases.  Only after the marketing process comes
to fruition, will the Debtors be in a position to pursue
confirmation of a consensual plan of reorganization.

The Debtors have been paying their undisputed postpetition debts as
they come due and expect to continue to be able to do so.

The Debtors' local counsel can be reached at:

     ARMSTRONG TEASDALE LLP
     Richard W. Engel, Jr., Esq.
     Susan K. Ehlers, Esq.
     Erin M. Edelman, Esq.
     7700 Forsyth Boulevard, Suite 1800
     St. Louis, Missouri 63105
     Tel: (314) 621-5070
     Fax: (314) 621-5065
     E-mail: rengel@armstrongteasdale.com
             sehlers@armstrongteasdale.com
             eedelman@armstrongteasdale.com

          -- and --

     Richard A. Chesley, Esq. (admitted pro hac vice)
     DLA PIPER LLP (US)
     203 North LaSalle Street, Suite 1900
     Chicago, Illinois 60601
     Tel: (312) 368-4000
     Fax: (312) 236-7516
     E-mail: richard.chesley@dlapiper.com

          -- and --

     R. Craig Martin, Esq. (admitted pro hac vice)
     DLA PIPER LLP (US)
     1201 North Market Street, Suite 2100
     Wilmington, Delaware 19801
     Tel: (302) 468-5700
     Fax: (302) 394-2341
     E-mail: craig.martin@dlapiper.com

                      About Abengoa Bioenergy

Abengoa Bioenergy is a collection of indirect subsidiaries of
Abengoa S.A. ("Abengoa"), a Spanish company founded in 1941. The
global headquarters of Abengoa Bioenergy is in Chesterfield,
Missouri. With a total investment of $3.3 billion, the United
States has become Abengoa S.A.'s largest market in terms of sales
volume, particularly from developing solar, bioethanol, and water
projects.

Spanish energy giant Abengoa S.A. is an engineering and clean
technology company with operations in more than 50 countries
worldwide that provides innovative solutions for a diverse range
of customers in the energy and environmental sectors. Abengoa is
one of the world's top builders of power lines transporting energy
across Latin America and a top engineering and construction
business, making massive renewable-energy power plants worldwide.

On Nov. 25, 2015, in Spain, Abengoa S.A. announced its intention
to seek protection under Article 5bis of Spanish insolvency law, a
pre-insolvency statute that permits a company to enter into
negotiations with certain creditors for restricting of its
financial affairs.  The Spanish company is facing a March 28,
2016, deadline to agree on a viability plan or restructuring plan
with its banks and bondholders, without which it could be forced
to
declare bankruptcy.

Gavilon Grain, LLC, et al., on Feb. 1, 2016, filed an involuntary
Chapter 7 petition for Abengoa Bioenergy of Nebraska, LLC ("ABNE")
and on Feb. 11, 2016, filed an involuntary Chapter 7 petition for
Abengoa Bioenergy Company, LLC ("ABC").  ABC's involuntary Chapter
7 case is Bankr. D. Kan. Case No. 16-20178. ABNE's involuntary
case
is Bankr. D. Neb. Case No. 16-80141. An order for relief has not
been entered, and no interim Chapter 7 trustee has been appointed
in the Involuntary Cases. The petitioning creditors are
represented
by McGrath, North, Mullin & Kratz, P.C.

On Feb. 24, 2016, Abengoa Bioenergy US Holding, LLC and five
affiliated debtors each filed a Chapter 11 voluntary petition in
St. Louis, Missouri, disclosing total assets of $1.3 billion and
debt of $1.2 billion.  The cases are pending before the Honorable
Kathy A. Surratt-States and are jointly administered under Bankr.
E.D. Mo. Case No. 16-41161.

The Debtors have engaged DLA Piper LLP (US) as counsel, Armstrong
Teasdale LLP as co-counsel, Alvarez & Marsal North America, LLC as
financial advisor, Lazard as investment banker and Prime Clerk LLC
as claims and noticing agent.


AFFINITY HEALTHCARE: Plan Filing Period Extended to July 15
-----------------------------------------------------------
The Hon. Julie A. Manning of the U.S. Bankruptcy Court for the
District of Connecticut has extended, at the behest of Affinity
Healthcare Management, Inc., et al., the Debtors' exclusive plan
filing period to and including July 15, 2016, and the solicitation
period through and to Sept. 13, 2016.

As reported by the Troubled Company Reporter on April 22, 2016, the
Debtors sought the extension, saying that they continue to make
progress in identifying areas where operations and care can be
improved, and that if the Exclusivity Periods expire, the Debtors
would be left to not only operate their business, but to do so
while scrambling to formulate and negotiate a plan, assess
completing plans that are filed, and contend with the destabilizing
effect that the events would have on their business, employees,
vendors, and customers. The Debtors said that they "seek to
maintain the healthy balance with its creditor constituencies that
only an extension of the Exclusivity Periods can provide."

Affinity Healthcare Management, Inc., and four debtor-affiliates
filed Chapter 11 petitions (Bankr. D. Conn. Case Nos. 16-30043
through 16-30047) on Jan. 13, 2016.  The Debtors operate four
skilled nursing facilities, and are represented by lawyers at
Pullman and Comley, LLC, in Bridgeport, Conn.  At the time of the
filing, the debtors estimated their assets at less than $100,000
and their liabilities at less than $1 million.  The U.S. Trustee
appointed a creditors' committee on Jan. 25, 2016.  The creditors'
committee is represented by Mark I. Fishman, Esq., at Neubert, Pepe
& Monteith, P.C., and RMS is represented by Stephen M. Kindseth,
Esq., at Zeisler & Zeisler, P.C.


ALEXZA PHARMACEUTICALS: Acquired by Ferrer
------------------------------------------
Alexza Pharmaceuticals, Inc., and Grupo Ferrer Internacional, S.A.
announced the expiration of the tender offer by Ferrer Pharma Inc.,
a wholly-owned indirect subsidiary of Ferrer, to purchase all of
the outstanding shares of Alexza's common stock at a price of $0.90
per share, net to the holder in cash (less any required withholding
taxes and without interest), plus one contractual contingent value
right per share, which represents the right to receive a pro-rata
share of up to four payment categories in an aggregate (i.e., to
all CVR holders assuming all four payments are made) maximum amount
of $32.8 million (after deduction of an estimated $2.2 million
payment to Alexza's financial adviser for fees and expenses in
connection with the transactions described herein and subject to
further adjustment) if certain licensing payments and revenue
milestones are achieved, net to the holder in cash (less any
applicable withholding taxes and without interest).

The Offer expired at 12:00 midnight, New York City time, at the end
of Monday June 20, 2016.  Computershare Trust Company, N.A., the
depositary for the Offer, has advised Alexza and Ferrer that
9,031,157 shares have been validly tendered and not validly
withdrawn pursuant to the Offer, which tendered shares represent
approximately 52.2% of the outstanding shares, when added to the
shares owned by Ferrer, Ferrer Pharma and their respective
subsidiaries.  The condition to the Offer that at least a majority
of the outstanding shares of Alexza common stock (including shares
issued upon the exercise of stock options) when added to the shares
owned by Ferrer, Ferrer Pharma and their respective subsidiaries
(not including shares tendered pursuant to procedures for
guaranteed delivery and not actually received by the depositary) be
validly tendered and not validly withdrawn prior to the expiration
of the Offer has been satisfied.  Accordingly, all shares that were
validly tendered and not validly withdrawn were accepted for
payment by Ferrer Pharma.

On June 21, 2016, Ferrer Pharma merged with and into Alexza, with
Alexza continuing as the surviving corporation and a wholly-owned
indirect subsidiary of Ferrer.  As a result of the Merger, each
outstanding share of Alexza (other than shares held by Ferrer,
Ferrer Pharma and their respective subsidiaries and shares held by
stockholders who properly perfect appraisal rights under Delaware
law) was converted into the right to receive the Offer Price.

Following the Merger, Alexza's shares were delisted and will no
longer trade on the OTC Pink Market.

Guggenheim Securities, LLC acted as the financial advisor to
Alexza, and Cooley LLP acted as legal advisor to Alexza.  Skadden,
Arps, Slate, Meagher & Flom LLP and J&A Garrigues, S.L.P. acted as
legal advisors to Ferrer.

On June 21, 2016 in connection with the Merger Agreement and the
consummation of the transactions contemplated therein, the Company
notified NASDAQ of the consummation of the Merger and requested
that NASDAQ file a delisting application with the Securities and
Exchange Commission on Form 25 to delist and deregister its Common
Stock if it had not yet done so.  Trading of its Common Stock on
NASDAQ was suspended prior to market open on June 17, 2016.

The Company intends to file with the SEC, on Form 15, a
certification and notice of termination of the registration of such
its Common Stock under Section 12(g) of the Securities and Exchange
Act of 1934, as amended, and suspension of its obligations to file
reports under Sections 13 and 15(d) of the Exchange Act.

In accordance with the terms of the Merger Agreement and effective
as of the Effective Time, Thomas B. King, J. Kevin Buchi, Deepika
Pakianathan, J. Leighton Read, Gordon Ringold, Isaac Stein, and
Joseph L. Turner resigned as members of the Company's Board of
Directors and effective as of the Effective Time, Sergio
Ferrer-Salat Serra di Migni, Jorge Ramentol Massana and Juan Fanes
Trillo, the directors of Ferrer immediately prior to the Effective
Time, became the directors of the Company.

                   About Alexza Pharmaceuticals

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 $21.3 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.


ALION SCIENCE: S&P Revises Outlook to Negative & Affirms 'B' CCR
----------------------------------------------------------------
S&P Global Ratings said it revised its outlook on McLean, Va.-based
Alion Science and Technology Corp. to negative from stable and
affirmed the 'B' corporate credit rating.

At the same time, S&P affirmed the 'BB-' issue-level rating on the
company's undrawn $40 million revolver.  The recovery rating
remains '1', indicating S&P's expectation for very high (90% to
100%) recovery in the event of a default.  S&P also affirmed the
'B' issue-level rating on the company's secured loan.  The recovery
rating remains '3', indicating S&P's expectation for meaningful
(50% to 70%; higher end of the range) recovery in the event of a
payment default.

"The revision of the outlook to negative follows the reporting of
the company's performance through the first six months of fiscal
2016, which includes declining revenue, tightening EBITDA margins,
and increasing leverage," said S&P Global Ratings credit analyst
Peter Bourdon.

Most of the operational miss came from delayed funding of existing
contracts and minimal new contact awards.  S&P expects performance
through the rest of fiscal 2016 to be similar to that of the first
six months, although September will be a critical month for the
company as it marks the federal fiscal year end, when government
agencies make funding decisions.  Through March 31, 2016, the
company's total backlog was $1.1 billion, of which $399 million was
funded, compared with $430 million of funded backlog in the
previous year.

The negative outlook reflects the company's leverage above 7x and
operating performance below S&P's expectation, which may result in
leverage remaining above 7x for an extended period of time.


ALLIANCE ONE: Board Lowers Number of Directors to Nine
------------------------------------------------------
The Board of Directors of Alliance One International, Inc.
approved, effective as of June 16, 2016, an amendment to the
Company's bylaws decreasing the size of the Company's Board of
Directors from ten to nine effective upon the commencement of the
annual meeting of shareholders to held in 2016.

                       About Alliance One

Alliance One International is principally engaged in purchasing,
processing, storing, and selling leaf tobacco.  The Company
purchases tobacco primarily in the United States, Africa, Europe,
South America and Asia for sale to customers primarily in the
United States, Europe and Asia.

Alliance One reported a net loss of $15.6 million on $2.10 billion
of sales and other operating revenues for the year ended March 31,
2015, compared to a net loss of $87 million on $2.3 billion of
sales and other operating revenues for the year ended March 31,
2014.

As of Dec. 31, 2015, Alliance One had $1.96 billion in total
assets, $1.78 billion in total liabilities and $174 million in
total equity.

                           *     *     *

As reported by the TCR on June 7, 2016, Moody's Investors Service
affirmed Alliance One International, Inc.'s Caa2 Corporate Family
Rating and revised the rating outlook to positive from negative.
Alliance One's Caa2 Corporate Family Rating reflects Moody's
expectation that credit metrics and liquidity will remain weak over
the next 12 to 18 months.

The TCR reported on April 13, 2015, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Morrisville,
N.C.-based Alliance One International Inc. to 'CCC+' from 'B-'.


ALLIANCE ONE: Director Norman Scher Plans to Retire
---------------------------------------------------
Norman A. Scher, a director of Alliance One International, Inc.,
communicated to the Company on June 16, 2016, his intention to
retire as a director when his current term expires at the 2016
annual meeting of shareholders.  Mr. Scher has served as a director
of the Company since 1995, as disclosed in a regulatory filing with
the Securities and Exchange Commission.

                        About Alliance One

Alliance One International is principally engaged in purchasing,
processing, storing, and selling leaf tobacco.  The Company
purchases tobacco primarily in the United States, Africa, Europe,
South America and Asia for sale to customers primarily in the
United States, Europe and Asia.

Alliance One reported a net loss of $15.6 million on $2.10 billion
of sales and other operating revenues for the year ended March 31,
2015, compared to a net loss of $87 million on $2.3 billion of
sales and other operating revenues for the year ended March 31,
2014.

As of Dec. 31, 2015, Alliance One had $1.96 billion in total
assets, $1.78 billion in total liabilities and $174 million in
total equity.

                           *     *     *

As reported by the TCR on June 7, 2016, Moody's Investors Service
affirmed Alliance One International, Inc.'s Caa2 Corporate Family
Rating and revised the rating outlook to positive from negative.
Alliance One's Caa2 Corporate Family Rating reflects Moody's
expectation that credit metrics and liquidity will remain weak over
the next 12 to 18 months.

The TCR reported on April 13, 2015, that Standard & Poor's Ratings
Services lowered its corporate credit rating on Morrisville,
N.C.-based Alliance One International Inc. to 'CCC+' from 'B-'.


AMERICAN HOSPICE: Wants Plan Filing Period Extended to Nov. 13
--------------------------------------------------------------
American Hospice Management Holdings, LLC, et al., ask the Hon.
Laurie Selber Silverstein of the U.S. Bankruptcy Court for the
District of Delaware to extend the exclusivity period for filing a
plan by 120 days through and including Nov. 13, 2016, and through
and including Jan. 13, 2017, for obtaining acceptances of the
plan.

A hearing on the request is set for July 12, 2016, at 3:00 p.m.
Objections to the request must be filed by July 5, 2016, at 4:00
p.m.

The Debtors have already made significant progress in this complex
case, having closed sales on the majority of their assets.  The
sales of the Debtors' remaining assets remain pending, and the
Debtors anticipate the sales will close within the requested 120
day extension.  It is for this reason alone that the Debtors
request the extension of their exclusivity period.  The Debtors
simply need additional time to close these final sales, which have
already been approved by the Court.

The Debtors' counsel can be reached at:

     PACHULSKI STANG ZIEHL &JONES LLP
     Laura Davis Jones, Esq.
     Colin R. Robinson, Esq.
     919 North Market Street, 17th Floor
     P.O. Box 8705
     Wilmington, Delaware 19899
     Tel: (302) 652-4100
     Fax: (302) 652-4400
     E-mail: ljones@pszjlaw.com
             crobinson@pszjlaw.com

          -- and --

     Samuel R. Maizel, Esq. (admitted pro hac vice)
     DENTONS US LLP
     601 S. Figueroa Street
     Suite 2500
     Los Angeles, California 90017
     Tel: (213) 623-9300
     Fax: (213) 623-9924
     E-mail: samuel.maizel@dentons.com

          -- and --
     
     Gary W. Marsh, Esq. (admitted pro hac vice)
     DENTONS US LLP
     303 Peachtree Street, NE
     Suite 5300
     Atlanta, Georgia 30308
     Tel: (404) 527-4150
     Fax: (404) 527-4198
     E-mail: gary.marsh@dentons.com

             About American Hospice Management

Headquartered in Jacksonville, Florida, American Hospice Management
Holdings, LLC is a hospice care provider for patients with
conditions including, among other things, cancer, cardiopulmonary
diseases, Alzheimer's and strokes.  American Hospice currently
provides hospice care in the following six markets: (i) Phoenix,
Arizona; (ii) Houston, Texas; (iii) Oklahoma City, Oklahoma;
(iv)Atlanta, Georgia; (v) Richmond and Central Virginia; and (vi)
New Jersey.  The Company employs 365 people.  American Hospice and
10 of its affiliates filed Chapter 11 bankruptcy petitions (Bankr.
D. Del. Lead Case No. 16-10670) on March 20, 2016.  Scott Mahosky,
the CEO, signed the petition.  The Debtors estimated assets in the
range of $10 million to $50 million and liabilities of up to $50
million.

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

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


ARCH COAL: Committee Seeks Leave to Prosecute Claims
----------------------------------------------------
The Official Committee of Unsecured Creditors of Arch Coal, Inc.,
and its subsidiaries seeks leave from the U.S. Bankruptcy Court to
prosecute claims of the estates against the Collateral Agents and
Lenders.

The Committee states that it has asked the Debtors to pursue these
actions, but the Debtors have declined to do so because they have
already agreed to release the First Lien Collateral Agent and First
Lien Lenders from all estate claims, regardless of value, and are
locked into stipulations that effectively waive the claims at issue
-- a classic situation in which the Committee is the only
independent fiduciary that can act for the Estates to protect
unsecured creditors.

The claims identified by the Committee generally fall into two
categories: (1) certain of the Debtors' prepetition lenders
wrongfully blocked the Debtors' efforts to restructure their debt
obligations prior to the filing of these bankruptcy cases; and (2)
the Debtors' prepetition collateral agents and prepetition lenders
failed to obtain or perfect liens on certain of the Debtors' assets
-- significant assets upon which these parties assert liens are
actually expressly excluded from the prepetition lenders'
collateral.  The Debtors, however, have acquiesced to the
prepetition lenders' positions, and cannot challenge the lenders'
assertions of liens on unencumbered property or the lenders' liens
that did not attach or were not properly perfected, the Committee
tells the Court.

In response to the Committee's motion, the Debtors argue that,
under well-settled law, the Committee must establish, among other
things, that the Debtors have unjustifiably refused to pursue the
claims set forth in the proposed complaints.  In order to
appropriately respond to the very serious -- albeit meritless --
allegations advanced by the Committee, the Debtors intend to
introduce evidence, and marshalling that evidence at the
evidentiary hearing will require several weeks.  Accordingly, the
Debtors ask the Court to schedule a hearing on the Standing Motions
no earlier than the week of July 18, 2016.

The Debtors complain that while they have reached an agreement with
the senior secured lenders that hold over two-thirds of the
company's first lien term loan on a plan after several weeks of
negotiations over a consensual plan of reorganization, they have
not yet reached an agreement with the Committee and the Committee
has instead decided to commence litigation.

The Debtors assert that the Court would need to preside over
hearings on the disclosure statement and on the Standing Motions on
the same day considering that hearings on motions for derivative
standing require multiple days, and while the Debtors cannot
predict at this time the precise length of the hearing on the
Standing Motions, the Committee's proposal to limit the hearing to
a few hours following a contested disclosure statement hearing is
obviously inadequate and prejudices the parties and the Court.

The Debtors propose the following schedule: (a) hearing on the
Committee's Standing Motions during the week of July 18, 2016 (or
as soon thereafter as practicable), (b) any objections to the
Standing Motions will be filed on or before July 1, 2016, and (c)
any replies in support of the Standing Motions will be filed on or
before July 11, 2016.  To the extent the Court needs to hear from
the parties, given the immediacy of the near-term deadlines, the
Debtors has also requested that the Court schedule a telephonic
conference as soon as possible to decide the Motion to Expedite.

The Ad Hoc Group of Prepetition First Lien Lenders supports and
adopts the Debtors' opposition as well as the schedule proposed by
the Debtors as they would be defendants in the litigation the
Committee seeks to bring.

The Committee refutes the Debtors' opposition stating that it is
ironic that the Debtors filed a materially revised Disclosure
Statement -- which describe a restructuring transaction that is
fundamentally different from any the Debtors have previously
proposed, and has never before been shared with the Committee --
and under the circumstances, the Bankruptcy Rules require
adjournment of the Disclosure Statement hearing and objection
deadline.

The Committee points out that the Debtors' latest proposed Plan,
which purports to "settle" the very estate claims that the
Committee seeks to bring in the Standing Motions since the proposed
"settlement" inextricably links the Disclosure Statement and the
Standing Motions, as it makes no sense to move towards confirmation
of a "settlement" Plan if the Committee is to litigate the same
claims the Debtors are attempting to whitewash.

Moreover, the Committee says it intends to object to the Disclosure
Statement on the grounds the Plan is patently unconfirmable because
of the collusive "settlement" among the Debtors and the defendants
to the estates' claims (the Debtors' insiders and first lien
lenders) attempting  to deprive unsecured creditors of significant
value without justification -- the existing Disclosure Statement
and Plan do not even attempt to describe the estates' claims or
their value.

The Committee proposes the following dates to be applied to both
the Disclosure Statement and the Standing Motions: (a) objections
must be filed by July 12, 2016, (b) replies to objections must be
filed by July 22), and (c) a hearing scheduled for July 29, 2016 or
as soon as reasonably practicable.

Arch Coal, Inc. and its subsidiaries are represented by:

       Marshall S. Huebner, Esq.
       Elliot Moskowitz, Esq.
       Brian M. Resnick, Esq.
       Lara Samet Buchwald, Esq.
       DAVIS POLK & WARDWELL LLP
       450 Lexington Avenue
       New York, New York 10017
       Telephone: (212) 450-4000
       Facsimile: (212) 607-7983
       Email: marshall.huebner@davispolk.com
              elliot.moskowitz@davispolk.com
              brian.resnick@davispolk.com
              lara.buchwald@davispolk.com

       -- and --

       Lloyd A. Palans, Esq.
       Brian C. Walsh, Esq.
       Cullen K. Kuhn, Esq.
       Laura Uberti Hughes, Esq.
       BRYAN CAVE LLP
       One Metropolitan Square
       211 N. Broadway, Suite 3600
       St. Louis, Missouri 63102
       Telephone: (314) 259-2000
       Facsimile: (314) 259-2020
       Email: lapalans@bryancave.com
              brian.walsh@bryancave.com
              ckkuhn@bryancave.com
              laura.hughes@bryancave.com

Counsel for the Ad Hoc Group of Prepetition First Lien Lenders:

       Mark V. Bossi, Esq.
       THOMPSON COBURN LLP
       One US Bank Plaza
       St. Louis, MO 63101
       Telephone: (314) 552-6000
       Facsimile: (314) 552-7000
       Email: mbossi@thompsoncoburn.com

       -- and --

       Brian S. Hermann, Esq.
       Sarah Harnett, Esq.
       PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
       1285 Avenue of the Americas
       New York, Ny 10019
       Telephone: (212) 373-3000
       Facsimile: (212) 757-3990
       Email: bhermann@paulweiss.com
              sharnett@paulweiss.com

       -- and --

       Mark F. Liscio, Esq.
       Scott D. Talmadge, Esq.
       KAYE SCHOLER LLP
       250 W. 55th Street
       New York, NY 10019
       Telephone: (212) 836-8000
       Facsimile: (212) 836-6540
       Email: mark.liscio@kayescholer.com
              scott.talmadge@kayescholer.com

       -- and --

       Michael D. Messersmith, Esq.
       Seth J. Kleinman, Esq.
       KAYE SCHOLER LLP
       Three First National Plaza
       70 West Madison Street, Suite 4200
       Chicago, IL 60602
       Telephone: (312) 583-2300
       Facsimile: (312) 583-2360
       Email: michael.messersmith@kayescholer.com
              seth.kleinman@kayescholer.com

Attorneys for the Official Committee of Unsecured Creditors:

       Scott J. Goldstein, Esq.
       Lisa. A. Epps, Esq.
       Eric L. Johnson, Esq.
       SPENCER FANE LLP
       1000 Walnut, Suite 1400
       Kansas City, MO 64106
       Telephone: (816) 474-8100
       Facsimile: (816) 474-3216
       Email: sgoldstein@spencerfane.com
              lepps@spencerfane.com
              ejohnson@spencerfane.com

       -- and --

       Eric C. Peterson, Esq.
       Sherry K. Dreisewerd, Esq.
       Ryan C. Hardy, Esq.
       SPENCER FANE LLP
       1 North Brentwood Boulevard
       Suite 1000
       St. Louis, MO 63105
       Telephone: (314) 863-7733
       Facsimile: (314) 862-4656
       Email: epeterson@spencerfane.com
              sdreisewerd@spencerfane.com
              rhardy@spencerfane.com

       -- and --

       Thomas Moers Mayer, Esq.
       P. Bradley O‘Neill, Esq.
       Douglas Mannal, Esq.
       David Blabey Jr., Esq.
       Rachael L. Ringer, Esq.
       KRAMER LEVIN NAFTALIS & FRANKEL LLP
       New York, New York 10036
       Telephone: (212) 715-9100
       Facsimile: (212) 715-8000
       Email: tmayer@kramerlevin.com
              boneill@kramerlevin.com
              dmannal@kramerlevin.com
              dblabey@kramerlevin.com
              rringer@kramerlevin.com

             About Arch Coal

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

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

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

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

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


AXALTA COATING: S&P Raises CCR to 'BB', Outlook Stable
------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on
Philadelphia-based Axalta Coating Systems Dutch Holding B B.V. to
'BB' from 'BB-'.  The outlook is stable.

S&P also raised its issue-level rating on the company's senior
secured debt to 'BB+' from 'BB-' and revised the recovery rating to
'2' from '3,' indicating S&P's expectation of substantial (70% to
90%; lower half of the range) recovery in the event of a payment
default.  At the same time, S&P raised its issue-level rating on
the company's senior unsecured debt to 'B+' from 'B'. The recovery
rating remains '6', indicating negligible (0%-10%) recovery in the
event of a payment default.

"Our assessments of the company's business risk and financial risk
profiles remain satisfactory and aggressive, respectively," said
S&P Global Ratings credit analyst Allison Schroeder.

The outlook is stable.  Under expected market conditions and S&P's
operating assumptions, Axalta Coating Systems Dutch Holding B B.V.
is set to generate stable EBITDA.  This outlook is predicated on
S&P's assumptions that the company will have low-single-digit
revenue growth and that EBITDA margins will be about 20% over the
next 12 months.  Additionally, S&P continues to expect that the
company will continue to pay down debt and have a weighted average
FFO to debt of just below 20% (including a mix of historical and
projected numbers)over the next year.  S&P also assumes that that
company will not issue dividends and will not pursue any large
acquisitions.

S&P could lower the ratings if economic or auto industry conditions
deteriorate significantly, resulting in FFO to debt of less than
12% without any prospects over the next year.  Although not
currently anticipated, substantial debt funding for a dividend
distribution or a sizable acquisition, or less-than-adequate
liquidity could also trigger a downgrade over a similar timeframe.

S&P could consider a positive rating action if the company is able
to improve its business risk profile, especially through its
competitive position and EBITDA margins.  This could happen through
an improvement of end-market diversity or if the company is further
able to successfully execute its growth-initiative projects, such
as the Axalta Way.  Additionally, there could be upside potential
if S&P expects that the company would be able to maintain FFO to
debt of greater 20% over the next year, which S&P would expect to
be on a sustained basis.


BAKERCORP: S&P Lowers CCR to 'B-', Outlook Stable
-------------------------------------------------
S&P Global Ratings said that it has lowered its corporate credit
rating on U.S.-based equipment rental provider BakerCorp to 'B-'
from 'B'.  The outlook is stable.

At the same time, S&P lowered its issue-level rating on the
company's senior secured debt to 'B-' from 'B'.  The '3' recovery
rating remains unchanged, indicating S&P's expectation for
meaningful (50%-70%; higher end of the range) recovery in the event
of a payment default.

Additionally, S&P lowered its issue-level rating on the company's
senior unsecured debt to 'CCC' from 'CCC+'.  The '6' recovery
rating remains unchanged, indicating S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.

"The downgrade reflects our expectation that BakerCorp's operating
performance will continue to deteriorate in fiscal year 2017
(ending Jan. 31, 2017), causing its credit measures to become
weaker than we had previously expected," said S&P Global credit
analyst Carissa Schreck.  Soft demand for the company's equipment
and services in the upstream oil and gas markets had a
significantly negative impact on its credit measures in fiscal year
2016, and this negative pressure has continued so far in fiscal
year 2017.  Specifically, BakerCorp has sustained a debt-to-EBITDA
metric of more than 6.5x over the past several quarters. S&P
expects that the company's leverage will deteriorate to the mid-7x
area in fiscal year 2017 before improving modestly to the low-7x
area in fiscal year 2018.  Notwithstanding S&P's expectation that
BakerCorp's leverage will remain high, S&P believes that the
company will generate positive free operating cash flow and
increase its cash balances this year, which should decrease the
likelihood that the covenant on its credit facility will come into
effect.

The stable outlook on BakerCorp reflects S&P's belief that the
company will generate positive free operating cash flow and build
its cash balances over the next 12 months despite S&P's expectation
for continued weakness in its oil and gas-related end markets.  S&P
do not expect the company to draw on its revolving credit facility
over our forecast period and, therefore, do not anticipate a
covenant violation.

S&P could lower its ratings on BakerCorp if its free operating cash
flow turns negative and S&P expects the company will sustain a
debt-to-EBITDA metric well above 7.5x, which would lead S&P to
believe that its capital structure is unsustainable over the long
term.

It is unlikely that S&P would upgrade BakerCorp over the next 12
months under S&P's current forecast.  However, S&P could raise its
ratings on the company if the demand in its key end markets
strengthens and it is able to lower and sustain its leverage below
6.5x.


BASIC ENERGY: Signs Retention Bonus agreements With Executives
--------------------------------------------------------------
In an effort to retain top-tier executive talent, Basic Energy
Services, Inc., after consultation with its outside compensation
consultants, entered into (i) Key Employee Retention Bonus
agreements with certain of its executive officers, including two of
Basic's named executive officers; and (ii) Key Employee Incentive
Bonus agreements with certain of its executive officers, including
three of Basic's named executive officers.  The Company's Board of
Directors authorized the Incentive Bonus Agreements and the
Retention Bonus Agreements, which are designed to supplement
Basic's existing employee compensation programs.

                    Retention Bonus Agreements

The Retention Bonus Agreements provide for payment to each
recipient of cash-denominated awards in four equal installments.
The first installment is to be paid as soon as administratively
practicable following the execution of a Retention Bonus Agreement
by a recipient.  The remaining three installment payments are to be
paid on each of Aug. 15, 2016, Nov. 15, 2016, and Feb. 15, 2017.

Under the Retention Bonus Agreements, if prior to the June 20,
2017, the recipient either (i) voluntarily terminates his
employment with the Company other than as an eligible retirement or
(ii) his employment is terminated by the Company for Cause, then
the recipient will both forfeit his right to payment of any
remaining installment payments and be obligated to repay the
Company for the total amount of any installment payments previously
paid prior to such termination.  The recipient will be eligible to
receive any scheduled installment payments under the Retention
Bonus Agreements after a termination of employment prior to the
Vesting Date that is without Cause, as an eligible retirement or by
reason of disability or death.  The recipient's retention of all or
any portion of the retention bonus under the Retention Bonus
Agreements in connection with a termination without Cause or as an
eligible retirement will be contingent on the recipient executing
and not revoking an agreement, in a standard form provided by the
Company, granting a full release of all actual and potential claims
that the recipient has or may have against the Company or its
affiliates.

The aggregate value of payments to be made to Mr. Dame and Mr.
Taylor pursuant to the Retention Bonus Agreements, which were
calculated by reference to certain percentages of such named
executive officer's annual bonus targets and long-term incentive
targets, are as follows:
  
                                               Total Retention
     Named Executive Officer                  Bonus Award Amount
     -----------------------                  ------------------
     William T. Dame                               $381,812
     Vice President, Pumping Services

     Brett J. Taylor                               $229,425
     Vice President, Manufacturing and Equipmen

                  Incentive Bonus Agreements

The Incentive Bonus Agreements provide for payment to each
recipient of cash-denominated awards in three equal installments.
The first installment is to be paid as soon as administratively
practicable following the execution of an Incentive Bonus Agreement
by a recipient.  The second installment is to be paid as soon as
administratively practicable following the execution by the Company
of definitive documentation relating to a restructuring,
reorganization and/or recapitalization of substantially all of the
Company's assets or liabilities; provided that such execution must
occur prior to June 20, 2017.  The third installment is to be paid
as soon as administratively practicable
following the closing or emergence from a Restructuring
Transaction; provided that such closing or emergence must occur
prior to the Expiration Date.

Under the Incentive Bonus Agreements, if prior to the Expiration
Date the recipient either (i) voluntarily terminates his employment
with the Company without Good Reason (as defined therein, including
an eligible retirement) or (ii) his employment is terminated by the
Company for Cause, then the recipient will both forfeit his right
to payment of any remaining installment payments and be obligated
to repay the Company for the total amount of any installment
payments previously paid prior to such termination.  The recipient
will be eligible to receive any scheduled installment payments
under the Incentive Bonus Agreements after a termination of
employment prior to the Expiration Date that is without Cause, for
Good Reason or by reason of disability or death.  The recipient's
retention of all or any portion of the incentive bonus under the
Incentive Bonus Agreements in connection with a termination without
Cause or for Good Reason will be contingent on the recipient
executing and not revoking an agreement, in a standard form
provided by the Company, granting a full release of all actual and
potential claims that the recipient has or may have against the
Company or its affiliates.

The aggregate value of payments to be made to Mr. Patterson, Mr.
Krenek and Mr. Newman pursuant to the Incentive Bonus Agreements,
which were calculated by reference to certain percentages of such
named executive officer's annual bonus targets and long-term
incentive targets, are as follows:

                                           Total Incentive Bonus
     Named Executive Officer                   Award Amount
     -----------------------               ---------------------
T.M. "Roe" Patterson                              $1,253,700
President, Chief Executive Officer and Director

Alan Krenek                                        $548,838
Senior Vice President, Chief
Financial Officer, Treasurer and Secretary

James F. Newman                                    $548,838
Senior Vice President, Region Operations

                     About Basic Energy

Energy Services, Inc. provides a wide range of well site services
in the United States to oil and natural gas drilling and producing
companies, including completion and remedial services, fluid
services, well servicing and contract drilling.  These services are
fundamental to establishing and maintaining the flow of oil and
natural gas throughout the productive life of a well.  The
Company's broad range of services enables us to meet multiple needs
of our customers at the well site.

Basic Energy reported a net loss of $241.74 million in 2015
compared to a net loss of $8.34 million in 2014.

"If we are unable to generate sufficient cash flow or are otherwise
unable to obtain the funds required to make principal and interest
payments on our indebtedness, or if we otherwise fail to comply
with the various covenants in instruments governing any existing or
future indebtedness, we could be in default under the terms of such
instruments.  In the event of a default, the holders of our
indebtedness could elect to declare all the funds borrowed under
those instruments to be due and payable together with accrued and
unpaid interest, secured lenders could foreclose on any of our
assets securing their loans and we or one or more of our
subsidiaries could be forced into bankruptcy or liquidation. If our
indebtedness is accelerated, or we enter into bankruptcy, we may be
unable to pay all of our indebtedness in full.  Any of the
foregoing consequences could restrict our ability to grow our
business and cause the value of our common stock to decline," the
Company warned in its annual report for the year ended Dec. 31,
2015.

As of March 31, 2016, Basic Energy had $1.16 billion in total
assets, $1.14 billion in total liabilities and $25.20 million in
total stockholders' equity.

                          *    *    *

As reported by the TCR on March 30, 2016, Standard & Poor's Ratings
Services lowered its corporate credit rating on Fort Worth-based
Basic Energy Services Inc. to 'CCC+' from 'B-'.  The outlook is
negative.

The TCR reported on March 14, 2016, that Moody's Investors Service
downgraded Basic Energy Services, Inc.'s Corporate Family Rating
(CFR) to Caa3 from Caa1, its senior unsecured notes rating to Ca
from Caa2, and lowered its Speculative Grade Liquidity Rating to
SGL-4 from SGL-3.  The outlook remains negative.


BDC SHARED SERVICES: Wants 180-Day Extension of Plan Filing Period
------------------------------------------------------------------
BDC Shared Services LLC and Regnis Management LLC ask the U.S.
Bankruptcy Court for the District of New Jersey to extend the
exclusive periods within which to propose plans of reorganization
and solicit acceptances of that plan for a period of 180 days
each.

The current periods of exclusivity expire on July 15, 2016.

A hearing on the Debtors' request is set for July 11, 2016, at
10:00 a.m.

The first 90 days of the Debtors' bankruptcy cases were marked by
extensive litigation respecting the motion of the Topspin entities
to obtain relief from the automatic stay.  Those motions involved
three separate court appearances, and extensive rounds of briefing
and oral argument.  The motions were only concluded on Nov. 23,
2015, approximately only two weeks prior to the time within which
the Debtors had to file their first motion for an exclusivity
extension, which led to the entry of an order on Jan. 14, 2016,
extending the period through July 15, 2016.

Even further, as those hearings made clear, a fundamental
pre-requisite to being able to propose plans of reorganization in
these bankruptcy cases is a determination by a court of competent
jurisdiction of the legality of the pre-petition arrangement
between Dr. Todd Singer's 14 dental practices, Regnis, and Topspin.
As the Court will recall, Regnis sold assets to Topspin as an
element of the business arrangement with Topspin, te title to which
are in dispute, and the ongoing ability of BDC Shared Services to
provide staffing and related services to the 14 dental practices
will be impacted by that illegality determination.  Additionally,
the value of an important Regnis asset, the 40% equity interest in
the Topspin dental service organization, will be impacted by that
illegality determination.  As a result, it makes no sense for plans
of reorganization to yet be proposed for the Debtors given the
vastly different scenarios which may exist based on the ultimate
decision on illegality.  This unresolved contingency factor is the
most important matter impacting the further extension of
exclusivity requested at this time.

Additionally, as set forth in prior pleadings before this Court,
the presence of third-party secured creditor claims in the BDC
Shared Services' case provides the opportunity for confirmation
even if Topspin prevails on the illegality determination.
Moreover, if the Topspin arrangement is illegal as asserted, the
Debtors will be able to reorganize quickly and likely with one
hundred percent recoveries to all.

The Debtors have continued to satisfy their obligations as
debtors-in-possession and have otherwise done the things necessary
to maintain their status as debtors-in-possession in these
bankruptcy cases.

The Debtors' counsel can be reached at:

     Rabinowitz, Lubetkin & Tully, LLC
     Jay L. Lubetkin, Esq.
     293 Eisenhower Parkway, Suite 100
     Livingston, New Jersey 07039
     Tel: (973) 597-9100
     Fax: (973) 597-9119
     E-mail: jlubetkin@rltlawfirm.com
     Website: www.rltlawfirm.com

Headquartered in Skillman, New Jersey, BDC Shared Services LLC is a
staffing company which provides the entirety of the work force to
the 14 dental practices owned and operated by Dr. Todd Singer, and
performs other services for the benefit of the dental practices.

Based in Skillman, New Jersey, Regnis Management LLC performs
consulting services relating to the practice of dentistry, handles
real estate management services.

BDC Shared Services filed for Chapter 11 bankruptcy protection
(Bankr. D. N.J. Case No. 15-27374) on Sept. 15, 2015, listing
$107,722 in total assets and $20.5 million in total liabilities.
Judge Michael B. Kaplan presides over the case.  

On the same day, REGNIS Management filed for Chapter 11 bankruptcy
protection (Bankr. D. N.J. Case No. 15-27375), listing $179,592 in
total assets and $20 million in total liabilities.  Judge Christine
M. Gravelle presides over the case.

Barry J. Roy, Esq., at Rabinowitz Lubetkin & Tully, LLC, serves as
the Debtors' bankruptcy counsel.

The petitions were signed by Todd Singer, president.


BEAR METALLURGICAL: Asks Court to Approve $4-Mil. Severance Plan
----------------------------------------------------------------
Gulf Chemical & Metallurgical Corporation and Bear Metallurgical
Company ask the U.S. Bankruptcy Court to approve a severance plan
for 79 full-time Gulf employees and 28 full-time Bear employees.

The Debtors also ask that all amounts earned and payable under the
Severance Plan be afforded administrative expense priority under
the Bankruptcy Code for all purposes in the Debtors' chapter 11
cases and in any other cases under the Bankruptcy Code to which
either of these cases may be converted.

The Debtors propose the Severance Plan in the context of a sale
process during which operations must be maintained, financial
conditions must be preserved, and new debtor-in-possession duties
must be performed that can only be achieved with the continuing
support of the Debtors' employees.  However, it is under these same
circumstances that the Debtors' employees face an uncertain future
-- they know that their employment by the Debtors will terminate
when the sale process is completed, and no guarantees of employment
by any buyer can be offered.  As a result, it is critically
important to the success of the sale process that the employees
remain with the Debtors through this time, and that they are
incentivized to produce value.

In addition, the Debtors will have discretion to provide severance
benefits to full-time employees retained after the Petition Date.
The Severance Plan will provide severance benefits in the event an
employee is terminated without cause and is not hired by a
purchaser of Bear's or Gulf's assets.  The maximum cost of the
Severance Plan is estimated to be approximately $4,070,000 in the
aggregate, approximately $3,340,000 for Gulf employees and
approximately $730,000 for Bear employees, if every single employee
is terminated and not hired by a buyer. However, the Debtors
anticipate that many employees will be hired by the purchasers of
the Debtors' Assets, so the actual cost of the program should be
significantly lower. The following is a description of the terms of
the Severance Plan.

All full-time employees of the Debtors as of the Petition Date
other than certain officers at Gulf are eligible to participate in
the Severance Plan; provided, however, that no employee will be
eligible for any severance benefits if the following occurs: (a)
such employee is terminated for cause, (b) such employee terminates
their employment prior to a consummation of a sale of substantially
all of the assets for their respective Debtor company, (c) such
employee is hired by the purchaser of the assets for their
respective Debtor company, or (d) such employee is
transferred/hired by another entity within the Eramet Group of
companies.  Full-time employees hired after the Petition Date will
also be eligible at the discretion of the Debtors.

Eligible employees employed as of the Petition Date will receive a
six months of Pay. "Pay" means (i) for a salaried employee, his or
her monthly base salary times six months, and (ii) for an hourly
employee, his or her hourly rate of pay times 1,040 hours. Eligible
employees employed after the Petition Date will receive the same
severance benefits, or a lesser amount, at the discretion of the
Debtors. Any payments owed to the Debtors' insiders may not exceed
ten times the mean payment made to the Debtors' other non-insider
employees.

Receipt of severance pay will be conditioned upon execution of a
general release of claims within 57 days of termination. By
accepting any payment under the Severance Plan, as part of the
Release, employees shall be deemed to waive any other rights to
severance claims, whether pursuant to a Debtor's prepetition
severance plan or policy or pursuant to a prepetition employment
contract. Severance will be paid in a cash lump sum on the first
regularly scheduled payroll date following the effective date of
the release.

Severance will be offset by any pay in lieu of notice under the
WARN Act or other similar state law.

Counsel for Gulf Chemical & Metallurgical Corporation and Bear
Metallurgical Company:

       Sean D. Malloy, Esq.
       Michael J. Kaczka, Esq.
       Joshua A. Gadharf, Esq.
       McDONALD HOPKINS LLC
       600 Superior Avenue, East, Suite 2100
       Cleveland, OH 44114
       Telephone: (216) 348-5400
       Facsimile: (216) 348-5474
       Email: smalloy@mcdonaldh opki ns.com
              mkaczka @mcdonaldh opki ns.com
              igadharf@mcdonaldhopkins.com

       -- and --

       William E. Kelleher, Jr., Esq.
       Thomas D. Maxson, Esq.
       Helen S. Ward, Esq.
       COHEN & GRIGSBY, P.C.
       625 Liberty Avenue, 5th Floor
       Pittsburgh, PA 15222
       Telephone: (412) 297-4900
       Facsimile: (412) 209-0672
       Email: wkelleher@cohenlaw.com
              tmaxson@cohenlaw.com
              hward @cohenlaw.com

           About Bear Metallurgical

Bear Metallurgical Co. and Gulf Chemical & Metallurgical Corp.
filed chapter 11 petitions (Bankr. W. D. Pa. Lead Case No.
16-22192) on June 14, 2016.

The petitions were signed by Eric Caridroit, chief executive
officer.  The cases are assigned to Judge Jeffery A. Deller.

At the time of the filing, Bear Metallurgical estimated assets and
debts to be between $1 million and $10 million.  Gulf Chemical
estimated assets and debts to be between $100 million and $500
million.


BELFOR USA: S&P Assigns 'BB-' Rating on Proposed $620MM Loans
-------------------------------------------------------------
S&P Global Ratings said that it has assigned its 'BB-' issue-level
rating and '3' recovery rating to Belfor USA Group Inc.'s proposed
$620 million senior secured credit facilities.  The '3' recovery
rating signifies S&P's expectation for meaningful (50%-70%; lower
end of the range) recovery in a hypothetical default scenario.  The
facilities will consist of a $200 million revolving credit
facility, a $150 million term loan A due 2021, and a $270 million
term loan B due 2022.  S&P expects that Belfor will use the
proceeds from the new credit facilities to pay down the outstanding
borrowings under its revolver due 2018 and repay its term loan A
due 2018 and term loan B due 2019.

At the same time, S&P affirmed all of its other ratings on Belfor,
including S&P's 'BB-' corporate credit rating.  The outlook remains
stable.

"The affirmation reflects that we believe this refinancing
transaction will be essentially neutral to the company's debt
leverage (excluding transaction fees) and that its credit measures,
covenant headroom, and liquidity will all be sufficient for the
current rating over the next year," said S&P Global credit analyst
Henry Fukuchi.  S&P expects the company's stable base of recurring
revenue, good backlog, and incremental acquisition synergies to be
partially offset by headwinds from a stronger dollar, which should
provide it with revenue growth in the low-single digit range and
adjusted EBITDA margins of 9%-10%.  Pro forma for the refinancing,
S&P estimates that Belfor's adjusted debt-to-EBITDA metric will be
4.1x and its funds from operations (FFO)-to-total adjusted debt
ratio will be about 15.8% as of the end of 2016.

The stable outlook on Belfor reflects S&P's view that the company's
FFO-to-debt ratio will be in the 12%-20% range, which is
appropriate for the current rating.  S&P believes that the company
will modestly reduce its debt to support this ratio.

S&P could consider lowering its ratings on Belfor if economic
conditions or company-specific issues hurt its operating results
such that its FFO-to-adjusted debt ratio fell below 12%.  S&P could
also lower its ratings if tight headroom under the company's
financial covenants constrains its liquidity.

The demand for Belfor's damage restoration services is difficult to
predict, and S&P recognizes that a weak economy could force the
company to keep the pricing of its services competitive.  If
Belfor's revenue contracted by 2.5% while its EBITDA margin eroded
to the mid-single digit percent area in the next year, S&P could
lower ratings on the company.

While less likely in the next year, S&P could raise its ratings on
Belfor if its organic and acquisition-related growth improved its
operating performance such that its FFO-to-adjusted debt ratio
exceeds 20% consistently through the business cycle.  The company's
financial policies would also need to consistently support an
FFO-to-adjusted debt ratio of over 20%.


BERRY PLASTICS: Moody's Rates New Term Loans 'Ba3'
--------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the $814 million
First Lien Senior Secured Term Loan due 2021 and a Ba3 rating to
the $1,995 million First Lien Senior Secured Term Loan due 2022 of
Berry Plastics Corporation, a subsidiary of Berry Plastics Group,
Inc. ("Berry"). The company's B1 corporate family rating, B1-PD
probability of default rating and other instrument ratings were
unchanged (see rating detail below). The proceeds from the new
loans, along with $130 million of cash from the balance sheet, will
be used to refinance debt as well as pay fees and expenses related
to the transaction. The rating outlook is stable.

Moody's took the following actions:

Berry Plastics Group, Inc.

-- Unchanged Corporate Family Rating, B1

-- Unchanged Probability of Default Rating, B1-PD

-- Unchanged Speculative Grade Liquidity Rating, SGL-2

Berry Plastics Corporation

-- Unchanged $1,400 million First Lien Senior Secured Term Loan
    due February 2020, Ba3/LGD 3

-- Unchanged $1,125 million ($1,020 million outstanding) First
    Lien Senior Secured Term Loan due January 2021, Ba3/LGD 3 (to
    be withdrawn after close of transaction)

-- Unchanged $500 million Second Priority Senior Secured Notes
    due May 2022, B3/LGD 5

-- Unchanged $700 million Second Priority Senior Secured Notes
    due July 2023, B3/LGD 5

-- Unchanged $1,900 million ($1,895 million outstanding) First  
    Lien Senior Secured Term Loan due 2022, Ba3/LGD3 (to be
    withdrawn after close of transaction)

-- Unchanged $400 million Second Priority Senior Secured Notes
    due 2022, B3/LGD 5

-- Assigned $814 million First Lien Senior Secured Term Loan due
    2021, Ba3/LGD3

-- Assigned $1,995 million First Lien Senior Secured Term Loan
    due 2022, Ba3/LGD3

The ratings outlook is stable.

RATINGS RATIONALE

Berry's B1 Corporate Family Rating reflects the company's exposure
to more cyclical end markets, certain weaknesses in contract
structures with customers and a high percentage of commodity
products. The rating also reflects the stretched credit metrics pro
forma for the AVINTIV acquisition and the fragmented and
competitive industry structure. Berry will also have a significant
unhedged foreign currency exposure pro forma and all debt will be
denominated in US dollars.

Strengths in Berry's competitive profile include its scale,
concentration of sales in relatively more stable end markets and
good liquidity. The company's strengths also include a strong
competitive position in rigid plastic containers and continued
focus on producing higher margin products and pruning lower margin
business.

Moody's said, "Berry's SGL-2 speculative grade liquidity reflects a
good liquidity profile characterized by good free cash flow,
depending upon resin prices, and good liquidity under the revolving
credit facility. We expect good free cash flow generation over the
next year. The company has a $650 million asset based revolver
which expires May 2020 (not rated by Moody's). Availability under
the revolver is subject to borrowing base limitations. The
revolving line of credit allows up to $130 million of letters of
credit to be issued instead of borrowings. The revolver has a fixed
charge coverage covenant of 1.0 time which applies during any
period when excess availability under the facility falls below 10%
of the lesser of the facility or the borrowing base, but not less
than $45 million. The term loan facility contains a first lien
secured leverage ratio covenant of 4.0 times on a pro forma basis.
The company is expected to maintain adequate cushion under the
financial covenants over the next four quarters. The facility also
has a $250 million accordion. Working capital needs peak in the
calendar first quarter, but are dependent upon resin prices and
contractual cost pass-through provisions. The next debt maturity is
the $1,400 million term loan due in February 2020. The secured debt
is secured by the domestic assets only leaving Berry's some
alternate sources of liquidity from asset sales."

The ratings outlook is stable. The stable outlook is predicated on
an expectation of an improvement in operating results from various
cost saving initiatives and acquisitions and the company's pledge
to direct all free cash flow to debt reduction.

The rating could be downgraded if there is deterioration in the
credit metrics, liquidity or the operating and competitive
environment. Additional debt financed acquisitions, excessive
acquisitions (regardless of financing) and/or a move to a more
aggressive financial profile could also prompt a downgrade.
Specifically, the rating could be downgraded if the company fails
to sustainably improve total adjusted debt to EBITDA to under 5.25
times and EBIT to gross interest coverage to above 1.9 times. The
rating could also be downgraded if the EBIT margin declines below
the high single digits and/or free cash flow to debt declines below
the positive high single digits.

The ratings could be upgraded if the company sustainably improves
credit metrics within the context of a stable operating and
competitive environment while maintaining good liquidity. An
upgrade would also be dependent upon less aggressive financial and
acquisition policies. The ratings could be upgraded if adjusted
total debt to EBITDA moves below 4.5 times, free cash flow to debt
moves up to the low double digit range, the EBIT margin improves to
the low double digit range, and EBIT to gross interest coverage
moves above 2.5 times.

Based in Evansville, Indiana, Berry Plastics Corporation is a
manufacturer of plastic packaging products, serving customers in
the food and beverage, healthcare, household chemicals, personal
care, home improvement, and other industries. The company reports
in three segments including consumer packaging, Health, Hygiene &
Specialties, and Engineered Materials (approximately 43%, 35% and
22% of sales respectively). Berry has manufacturing and
distribution centers in the United States, Canada, Mexico, Belgium,
Australia, Germany, Brazil, Malaysia, and India. The North American
operation generates approximately 80% of the company's proforma net
sales. Polypropylene and polyethylene account for the majority of
plastic resin purchases. Net sales for the 12 months ended April 2,
2016 totaled approximately $5.7 billion.


BFN OPERATIONS: Court Grants Interim OK of $35M DIP Financing
-------------------------------------------------------------
BFN Operations LLC, et al., sought and obtained the Bankruptcy
Court's interim approval of their motion to borrow up to
$35,000,000 from PNC Bank, N.A., as administrative agent and
lender, and to use cash collateral.

"The Debtors require access to the funding available under the DIP
Facility and the DIP Financing Documents to satisfy administrative
expenses associated with the operation of their businesses as going
concerns and other costs relating to the administration of the
Chapter 11 Cases, and to avoid immediate and irreparable harm to
the Debtors' estates pending the Final Hearing," part of the order
states.

The Court also authorized the Debtors to grant to the DIP Agent,
for the benefit of itself and the DIP Lender, superpriority
administrative claim status pursuant to the Bankruptcy Code.

In accordance with the financing document, the Debtors agree to pay
the DIP Agent a commitment fee of $100,000.

Interest on the DIP Facility will accrue on all outstanding
advances under the DIP Facility at a per annum floating rate equal
to the sum of (a) the Alternate Base Rate (as defined in the
Pre-Petition Credit Agreement), plus (b) 5.0%.  Effective
immediately upon the occurrence of an Event of Default unless
waived in writing by the DIP Agent at its sole discretion, interest
on the outstanding loans under the DIP Facility will accrue at a
rate that is 2% per annum in excess of the Non-Default Interest
Rate.

Subject to the entry of the Final Order, the DIP Agent,
Pre-Petition Agent, and Term Loan Agent are authorized to
credit-bid all or any of the applicable obligations under the DIP
Facility, DIP Financing Documents, and the Pre-Petition Credit
Agreement and Pre-Petition Loan Documents at any disposition of any
Pre-Petition Collateral and/or DIP Collateral.

A final hearing with respect to the Motion is scheduled for July
25, 2016, at 1:15 p.m. (central) before the Honorable Barbara J.
Houser, United States Bankruptcy Judge.  The objection deadline is
July 12.

A full-text copy of the Interim DIP Order is available at:

       http://bankrupt.com/misc/49_BFN_DIPInterimOrd.pdf

                      About BFN Operations

BFN Operations LLC and four of its subsidiaries each filed a
voluntary petition under Chapter 11 of the Bankruptcy Code (Bankr.
N.D. Tex. Lead Case No. 16-32435) on June 17, 2016, estimating
assets and liabilities in the range of $100 million to $500
million.

Operating under the name Zelenka Farms, the Debtors are wholesale
growers and distributors of container-grown shrubs, trees,
perennials, roses, and groundcovers.  Zelenka was founded in 1993
under the name The Berry Family of Nurseries.  Zelenka employs
approximately 1,600 people to operate its six facilities totaling
3,577 acres across the key growing regions in the United States.
Zelenka owns farms in Oregon and the Vaughn Lane farm in Tennessee,
and leases farms in Oklahoma, Michigan, North Carolina, and the
Short Mountain farm in Tennessee.  With approximately $130 million
in annual sales, Zelenka claims to represent approximately six
percent of the $2.2 billion wholesale nursery products industry and
is one of only five competitors exceeding $100 million in sales.

The Debtors have engaged Gardere Wynne Sewell LLP as counsel, CDG
Group, LLC as chief restructuring officer provider, Imperial
Capital, LLC as investment banker and Upshot Services LLC as
noticing, claims and balloting agent.

Judge Barbara J. Houser is assigned to the cases.


BFN OPERATIONS: Meeting to Form Creditors' Panel Set for June 28
----------------------------------------------------------------
William T. Neary, Acting United States Trustee for Region 6, will
hold an organizational meeting on June 28, 2016, at 1:30 p.m. in
the bankruptcy case of BFN Operations LLC, d/b/a Zelenka Farms, et
al.

The meeting will be held at:

         Office of the U. S. Trustee
         Earl Cabell Federal Building
         1100 Commerce Street, Room 524
         Dallas, Texas 75242

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.


BGM PASADENA: Court Grants 90-Day Extension of Exclusivity Period
-----------------------------------------------------------------
The Hon. Sheri Bluebond of the U.S. Bankruptcy Court for the
Central District of California has extended, at the behest of BGM
Pasadena, LLC, the exclusivity period by 90 days from May 18,
2016.

Parties-in-interest, other than the Debtor, may not file a plan
unless (1) the Debtor has not filed a plan that has been accepted
by each class of claims or interests that is impaired before Aug.
31, 2016, or (2) a trustee has been appointed under Chapter 11.

As reported by the Troubled Company Reporter on May 20, 2016, the
Debtor said it is diligently working in good faith toward
confirming its Plan of Reorganization that treats all creditors as
unimpaired.  The Debtor previously tried to confirm the Plan, but
was delayed by the procedural requirement of a disclosure statement
imposed by the Court.

                       About BGM Pasadena

BGM Pasadena, LLC, a single asset real estate, filed Chapter 11
bankruptcy petition (Bankr. C.D. Calif. Case No. 15-27833) on Nov.
20, 2015.  Greg Galletly, signed the petition as manager.  The
Debtor estimated assets in the range of $10 million to $50 million
and liabilities of at least $1 million.  Tiemstra Law Group PC
represents the Debtor as counsel.  Judge Richard M Neiter has been
assigned the case.


BINSWANGER GLASS: Summary Judgment Favoring Trulite Glass Affirmed
------------------------------------------------------------------
The Court of Appeals of Mississippi affirmed the grant of summary
judgment to Trulite Aluminum & Glass Solutions LLC in the case
captioned ARD, LLC, Appellant, v. TRULITE GLASS & ALUMINUM
SOLUTIONS, LLC, Appellee, No. 2015-CA-00185-COA (Miss. Ct. App.).

ARD LLC entered into a lease agreement VVP America Inc. d/b/a
Binswanger Glass for the lease of commercial property located in
Richland, Mississippi.  Binswanger subsequently declared
bankruptcy.  Trulite Aluminum & Glass Solutions LLC acquired
certain assets of Binswanger in bankruptcy proceedings.  ARD sued
Trulite for damages under the lease agreement between ARD and
Binswanger.  Trulite did not assume or purchase the subject lease
from the bankruptcy estate.  Trulite moved for summary judgment,
and the County Court of Rankin County granted Trulite's motion.
ARD appealed to the Rankin County Circuit Court.  The circuit court
affirmed the county court's grant of summary judgment.

ARD then appealed the circuit court's decision to the Court of
Appeals of Mississippi.  ARD argued that Trulite occupied the
leased property, making it liable under the original lease
agreement between ARD and Binswanger.  Therefore, ARD argued
Trulite owes ARD unpaid rent and taxes, and is responsible for
damages claimed under the lease agreement.

The Court of Appeals, however, held that "because ARD's theory of
liability arose under a lease agreement to which Trulite was not a
party, we affirm the circuit court's affirmance of the county
court's grant of summary judgment for Trulite."

A full-text copy of the appellate court's June 21, 2016 opinion is
available at https://is.gd/BLMKxI from Leagle.com.

Appellant is represented by:

          Paul E. Rogers, Esq.
          704 North President Street
          Jackson, MS 39202
          Tel: (601)969-7777
          Fax: (601)352-8658
          Email: perogerspa@aol.com

Appellee is represented by:

          Robert B. Ireland III
          The Emporium Building
          400 East Capitol Street
          Jackson, MS 39201
          Tel: (601)965-1900
          Email: rireland@watkinseager.com


BIONITROGEN HOLDINGS: Has Until Sept. 1 to Exclusively File Plan
----------------------------------------------------------------
The Hon. Robert A. Mark of the U.S. Bankruptcy Court for the
Southern District of Florida has extended, at the behest of
BioNitrogen Holding, Corp., et al., the exclusive period for the
Debtors to file a plan of reorganization through and including
Sept. 1, 2016, and the exclusive period for the Debtors to solicit
acceptances of the plan through and including Oct. 31, 2016.

The Debtors' Exclusive Filing Period is extended commensurate with
the automatic stay as provided in the court order granting in part
and denying in part Annon Consulting, Inc.'s motion for relief from
the automatic stay or, in the alternative, request for adequate
protection.

The Debtors' counsel can be reached at:

     Robert P. Charbonneau, Esq.
     Ehrenstein Charbonneau Calderin
     501 Brickell Key Drive, Suite 300
     Miami, Florida 33131
     Tel: (305) 722-2002
     Website: www.ecclegal.com
     E-mail: rpc@ecclegal.com

                 About BioNitrogen Holdings Corp.

BioNitrogen Holdings Corp. (OTC PINK: BION) --
http://www.BioNitrogen.com/-- is a cleantech company that utilizes
patented technology to build environmentally friendly plants that
convert biomass into urea fertilizer.

Miami, Florida-based BioNitrogen Holdings, Corp., formerly known as
Hidenet Securities Architectures, Inc., doing business as
BioNitrogen Corp. and its affiliates filed for Chapter 11
protection (Bankr. S.D. Fla. Case Nos. 15-29505 - 15-29515) on Nov.
3, 2015.  The petition was signed by Carlos A. Contreras, chairman
and chief executive officer.

Bankruptcy Judges Robert A. Mark, Laurel M. Isicoff and Jay Cristol
preside over the cases.  Jacqueline Calderin, Esq., at Ehrenstein
Charbonneau Calderin represents th Debtors in their restructuring
effort.  BioNitrogen Holdings has unknown assets and liabilities of
$3.5 million.  BioNitrogen Florida Holdings and BioNitrogen Plant
FL Taylor estimated assets between $0 to $50,000 and debts at $1
million to $10 million.


BIZ AS USUAL: Exclusive Solicitation Period Extended to July 16
---------------------------------------------------------------
The Hon. Stephen Raslavich of the U.S. Bankruptcy Court for the
Eastern District of Pennsylvania has extended, at the behest of Biz
as Usual, LLC, the exclusive period for the Debtor to solicit
acceptances of a plan of reorganization through July 16, 2016.

The Court also extended through June 15, 2016, the exclusive period
for the Debtor to propose a plan of reorganization.

As reported by the Troubled Company Reporter on May 18, 2016, the
Debtor sought the extensions, saying that while a plan was filed as
agreed on March 15, 2016, and a Disclosure Statement on March 16,
2016, objections have been raised by the Office of the U.S. Trustee
and two creditors.  All objections seek further clarifications in
one or both documents, and amendments have been underway.  In the
interim, the Debtor was required to defend against a motion for
relief from the automatic stay under 11 U.S.C. Section 362 filed by
Dalin Funding, a certification of default filed by Prime Funding,
Inc., and, following a thorough review of its operating reports,
undertake amendments of all reports filed in the instant bankruptcy
case, from the period July 2015 through March 2016.  As a result,
the amendments to the Plan and solicitation of acceptances thereof
have been unavoidably delayed, and the Debtor therefore seeks
additional time to complete this process.

Biz as Usual, LLC's primary business and primary source of income
involves leasing its residential properties and commercial
space(s).  It filed for Chapter 11 bankruptcy protection (Bankr.
E.D. Pa. Case No. 15-15040) on July 15, 2015.

Sherri Dicks, Esq., at the Law Offices of Sherri R. Dicks, P.C.,
serves as the Debtor's bankruptcy counsel.


BLACK DIAMOND MINING: Conditional Reopening of Bankruptcy Affirmed
------------------------------------------------------------------
Judge Amul R. Thapar of the United States District Court for the
Eastern District of Kentucky, Southern Division, Pikeville,
affirmed the bankruptcy court's orders granting conditional
reopening of Black Diamond Mining Company's bankruptcy case.

Richard Holmes Enterprises, LLC moved to reopen Black Diamond
Mining Company's bankruptcy case.  The bankruptcy court agreed to
do so, but ordered Holmes Enterprises to repay $500,000 to the
Black Diamond Unsecured Creditors Trust's escrow account as a
condition of reopening the case.  The bankruptcy court ordered the
repayment "to ensure that the Trust can honor its obligation to
indemnify the Trustee and other protected persons."

Holmes Enterprises failed to comply and the bankruptcy court
granted a contempt order against Holmes Enterprises.  The
bankruptcy court eventually dismissed the case when Holmes
Enterprises failed to deposit the funds by the deadline set in the
contempt order.

On appeal, Judge Thapar affirmed the bankruptcy court's order
conditioning reopening of the case on the repayment of funds, the
bankruptcy court's contempt order, and the bankruptcy court's order
dismissing the adversary proceeding.

The case is captioned TAFT A. McKINSTRY, Trustee of the BD
Unsecured Creditors Trust, and DINSMORE & SHOHL LLP, Appellants, v.
RICHARD HOLMES ENTERPRISES, LLC, Appellee, Civil No. 15-96-ART
(E.D. Ky.), relating to In re BLACK DIAMOND MINING COMPANY, LLC, et
al.

A full-text copy of Judge Thapar's June 16, 2016 memorandum opinion
and order is available at https://is.gd/q6I6Qt from Leagle.com.

Taft A. McKinstry is represented by:

          David B. Goroff, Esq.
          Geoffrey S. Goodman, Esq.
          FOLEY & LARDNER, LLP
          321 North Clark Street, Suite 2800
          Chicago, IL 60654-5313
          Tel: (312)832-4500
          Fax: (312)832-4700
          Email: dgoroff@foley.com
                 ggoodman@foley.com

Dinsmore & Shohl LLP is represented by:

          David James Treacy, Esq.
          DINSMORE & SHOHL LLP
          Lexington Financial Center
          250 W. Main St., Suite 1400
          Lexington, KY 40507
          Tel: (859)425-1000
          Fax: (859)425-1099
          Email: david.treacy@dinsmore.com

            -- and --

          Michael R. Limrick, Esq.
          Patrick A. Ziepolt, Esq.
          Wayne C. Turner, Esq.
          HOOVER HULL TURNER LLP
          111 Monument Circle, Suite 4400
          Indianapolis, IN 46204
          Tel: (317)822-4400
          Email: mlimrick@hooverhullturner.com
                 pziepolt@hooverhullturner.com
                 wturner@hooverhullturner.com

Richard Holmes Enterprises, LLC is represented by:

          C. Thomas Ezzell, Esq.
          Richard A. Getty, Esq.
          THE GETTY LAW GROUP, PLLC
          1900 Lexington Financial Center
          250 West Main Street
          Lexington, KY 40507
          Tel: (859)259-1900
          Fax: (859)259-1909
          Email: tezzell@gettylawgroup.com
                 rgetty@gettylawgroup.com

            -- and --

          Paul Smith, Esq.
          Timothy F. Lee, Esq.
          WARE JACKSON LEE O'NEILL SMITH & BARROW, LLP
          2929 Allen Parkway
          Houston, TX 77019
          Tel: (713)659-6400
          Fax: (713)659-6262
          Email: paulsmith@warejackson.com
                 timlee@warejackson.com

                    About Black Diamond Mining

Headquartered in Pikeville, Kentucky, Black Diamond Mining Co.,
LLC, is a coal-mine operator formed in 2006.  The company
and seven of its affiliates sought Chapter 11 protection on
(Bankr. E.D. Ky. Case No. 08-70109) on March 4, 2008.  David M.
Cantor, Esq., at Seiller Waterman, LLC, represents the Debtors in
these cases.  The U.S. Trustee for Region 8 appointed creditors to
serve on an Official Committee of Unsecured Creditors.  Foley &
Lardner LLP represents the Committee in these cases.

Prudential Insurance Co. of America and subsidiaries of CIT Group
Inc., C.I.T. Capital U.S.A., Inc. and The C.I.T Group/Commercial
Services Inc., filed involuntary Chapter 11 petitions against
FCDC Coal Inc., Black Diamond Mining Co., Martin Coal Processing
Corp., Spurlock Energy Corp., Turner Elkhorn Mining Co., Wolverine
Resources, Inc. and Black Diamond Land Co. LLC on Feb. 19, 2008
(Bankr. E.D. Ky. Case Nos. 08-50369 to 08-50372 and 08-70066 to
08-70067).  Robert J. Brown, Esq., at Wyatt, Tarrant & Combs,
L.L.P., represent the petitioners.  According to the petitioners,
the Debtors owe them $150 million.  The Debtors schedules showed
$73,669,934 in total assets and $207,403,591 in total liabilities.

As reported in the Troubled Company Reporter on Feb. 25, 2008, the
petitioning creditors sought the appointment of a Chapter 11
trustee for the Debtors.  The petitioners alleged that the
Debtors' controlling equity owner Harold E. Sergent and other
shareholders are "hopelessly conflicted."  They insisted that the
company has no money since losing $25 million last year and they
had refused to dole out a single cent until a trustee assumes
control of the company and comes up with an appropriate budget.

The Court entered an order for relief on the involuntary petitions
on March 11, 2008.  Alvarez & Marsal North America LLC was
appointed to provide a chief restructuring officer for FCDC Coal
Inc. and Black Diamond Mining Co.

The Company filed a Chapter 11 plan in early 2009.  The Court on
July 23, 2009, entered an order confirming the Debtors' Third
Amended Joint Plan of Liquidation, as Modified.  On the effective
date of the Plan, the Unsecured Creditors Trust was created and
Taft A. McKinstry was appointed.

Harold Sergent filed his own chapter 7 bankruptcy petition (Bankr.
E.D. Ky. Case No. 10-50763) on March 9, 2010.  Phaedra Spradlin
was appointed the Chapter 7 Trustee.


BLUE EARTH: Wants Exclusive Plan Filing Deadline Moved to Oct. 17
-----------------------------------------------------------------
Blue Earth, Inc., et al., ask the Hon. Dennis Montali of the U.S.
Bankruptcy Court for the Northern District of California to extend
the time periods during which the Debtors have the exclusive right
to file a plan for 90 days through Oct. 17, 2016, and to solicit
acceptances of the plan through Dec. 16, 2016.

The statutory exclusive period for the Debtors to file a plan
expires on July 19, 2016, and the solicitation deadline expires on
Sept. 17, 2016.

A hearing on the request is set for July 19, 2016, at 11:00 a.m.
(Pacific Time).  Objections must be filed by July 5, 2016 at 5:00
p.m. (Pacific Time).

The Court has scheduled the confirmation hearing on July 19, 2016
at 11:00 a.m.  The Debtors expect the Plan to be confirmed but in
the event circumstances change, the Debtors need to ensure that it
will continue to have the exclusive right to file a plan and
solicit acceptances.

The Debtors and the Committee after heavy negotiation agreed to the
terms of the Plan.  Absent unforeseen circumstances, the Debtors
expect the Plan to be confirmed.  Nevertheless, the Debtors must
preserve their exclusive right to file a plan and solicit
acceptance in the unlikely event the Plan is not confirmed.

The Debtors' counsel can be reached at:

     Jeffrey N. Pomerantz, Esq.
     Debra I. Grassgreen, Esq.
     John W. Lucas, Esq.
     Malhar S. Pagay, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     150 California Street, 15th Floor
     San Francisco, California 94111
     Tel: (415) 263-7000
     Fax: (415) 263-7010
     E-mail: jpomerantz@pszjlaw.com
             dgrassgreen@pszjlaw.com
             jlucas@pszjlaw.com
             mpagay@pszjlaw.com

The counsel to Jackson Investment Group, LLC, can be reached at:

     Kilpatrick Townsend & Stockton LLP
     Attn: Todd Meyers, Esq.
           Paul Rosenblatt, Esq.
     1100 Peachtree Street NW, Suite 2800
     Atlanta, GA 30309-4528
     E-mail: tmeyers@kilpatricktownsend.com
             PRosenblatt@kilpatricktownsend.com

Counsel to the Official Committee of Unsecured Creditors can be
reached at:

     Felderstein Fitzgerald Willoughby & Pascuzzi LLP
     Attn: Thomas Willoughby
     400 Capitol Mall, Suite 1750
     Sacramento, CA 95814
     E-mail: twilloughby@ffwplaw.com

                          About Blue Earth

Blue Earth, Inc., and its subsidiaries are comprehensive providers
of alternative/renewable energy solutions for small and
medium-sized commercial and industrial facilities.  Blue Earth
builds, manages, owns and operates independent power generation and
management systems geared towards helping commercial and industrial
building owners save energy and money, and reduce their carbon
footprint.

Blue Earth, Inc., and Blue Earth Tech, Inc., filed Chapter 11
bankruptcy petitions (Bankr. N.D. Calif., Case Nos. 16-30296 and
16-30297) on March 21, 2016.  The petitions were signed by Robert
G. Powell as CEO.  The Debtors' other subsidiaries are not included
in the filing.

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

Pachulski, Stang, Ziehl & Jones LLP serves as the Debtors' counsel.
Eos Capital Advisors LLC and Ice Glen Associates, LLC act as
valuators of the Debtors' assets.  Kurtzman Carson Consultants LLC
represents the Debtors as claims and noticing agent.

A 2-member panel has been appointed to serve as the Official
Committee of Unsecured Creditors in the case.

Judge Dennis Montali has been assigned the cases.


BOMBARDIER RECREATIONAL: S&P Raises CCR to 'BB', Outlook Stable
---------------------------------------------------------------
S&P Global Ratings said it raised its long-term corporate credit
rating on Valcourt, Que.-based recreational products manufacturer
Bombardier Recreational Products Inc. (BRP) to 'BB' from 'BB-'. The
outlook is stable.

At the same time, S&P Global Ratings assigned its 'BBB-'
issue-level rating and '1' recovery rating to the company's
proposed C$425 million asset-based loan (ABL), and its 'BB'
issue-level rating and '3' recovery rating to BRP's proposed US$700
million term loan.  The '3' recovery rating indicates meaningful
(50%-70%: upper end of the range) recovery in a default scenario.

S&P Global Ratings also raised its issue-level rating on the
company's senior secured term loan B one notch to 'BB' from 'BB-'.
The recovery rating on the term loan is unchanged at '3',
indicating an expectation of meaningful (50%-70%; lower end of the
range) recovery in the event of default.  S&P expects the proceeds
from the proposed new term loan along with cash on hand to repay
BRP's rated debt outstanding, including the senior secured term
loan B.

"The upgrade reflects BRP's improving credit metrics, including
leverage sustained below 3x, and more stable profitability stemming
from greater product and geographic diversity, while maintaining
moderate financial policies," said S&P Global Ratings credit
analyst Nayeem Islam.

The ratings on BRP reflect S&P Global Ratings' view of the
company's good market position in recreational products, with
globally recognized brands, and a well-established dealer network,
along with improving credit metrics and moderate financial
policies.

S&P's weak business risk profile reflects the discretionary nature
of the company's recreational products and potential for
significant volatility in earnings over economic cycles.  BRP's
diverse global footprint partially mitigates this cyclicality,
demonstrating more stable earnings with weak market conditions in
Western Canada, Latin America, and Russia offset by better market
environments in the U.S., Western Europe, and Asia-Pacific.  In
addition, BRP has steadily improved its EBITDA through new dealers
and product additions, along with lower cost manufacturing from
shifting some operations to Mexico.  About one-third of the
company's revenue is from seasonal products, which depend on
favorable weather conditions for peak performance.  However, BRP's
improved product diversity and growth in year-round products such
as the side-by-side vehicles have partially alleviated these
seasonality risks and contributed to more stable earnings.

S&P's significant financial risk assessment on the company is based
on S&P's 'FS-4' financial policy modifier, to reflect BRP's 27.8%
ownership by private equity firm Bain Capital, although S&P
believes that credit metrics will remain in line with, or be
stronger than, our significant financial ratio indications of 3x-4x
debt-to-EBITDA.  That said, BRP's solid credit metrics could
deteriorate meaningfully, given the cyclical nature of BRP's
product portfolio and exposure to foreign exchange fluctuations.

The stable outlook is based on S&P Global Ratings' expectation that
BRP will maintain adjusted debt-to-EBITDA of 2.5-3.0x and FFO to
debt above 25%, which would reflect the company's moderate
financial policies.  S&P also expects BRP will continue to
strengthen its profitability based on revenue gains from new
products and dealer network expansion, modest market share gains,
and margin enhancements from lower manufacturing costs.

S&P could lower the ratings if credit metrics weaken materially
because of poorer operating performance, or large debt-funded
shareholder distributions, resulting in adjusted debt-to-EBITDA
sustained above 3x or FFO-to-debt below 20%.

Although unlikely, S&P could raise the rating on BRP if the company
sustains adjusted adjusted debt-to-EBITDA below 2x and FFO-to-debt
above 40%, along with reduced financial sponsor influence and
expectations of moderate shareholder returns.


BRUNSWICK CORP: Moody's Withdraws Ba1 Corp Family Rating
--------------------------------------------------------
Moody's Investors Service upgraded Brunswick Corporation ratings,
including its senior unsecured unguaranteed notes rating to Baa3.
The upgrade to Investment Grade reflects Brunswick's strong credit
profile and operating performance. The upgrade also reflects
Moody's view that the company will maintain a solid credit profile
in a moderate to severe economic downturn. The rating outlook is
stable. These actions conclude the review for upgrade that was
initiated on May 26, 2016.

Ratings Upgraded:

Senior unsecured and unguaranteed notes due 2023-2027 to
Baa3 from Ba2;

$150 million senior unsecured notes with subsidiary guarantees
due 2021 to Baa2 from Ba1

Ratings Withdrawn:

Corporate Family Rating at Ba1;

Probability of Default Rating at Ba1-PD;

Speculative Grade Liquidity Rating at SGL 1;

Commercial Paper Rating at Not Prime

"Brunswick's credit profile has meaningfully changed in the last
few years," said Kevin Cassidy, Senior Credit Officer at Moody's
Investors Service. Brunswick is focused more around its Marine
Parts & Accessories (P&A) and Fitness equipment businesses rather
than its Boat business. "We believe the P&A and fitness businesses
provide a counter-balance to Brunswick's highly-discretionary boat
and Marine Engine businesses," noted Cassidy. All of Brunswick's
businesses will be negatively impacted during an economic downturn,
but P&A and Fitness -- which represent the majority of operating
income -- are less cyclical than boats.

Brunswick's adjusted operating margins at around 13% have improved
by more than 200 basis points since 2014. Moody's expects
additional growth in the next two years as the boat segment
profitability continues to improve and the company continues to
expand its high-margin P&A and Fitness businesses.

The subsidiary guarantees on the $150 million senior unsecured
notes will fall away if the notes are rated Investment Grade by
both Moody's and S&P. If this happens, the rating on those notes
will likely be downgraded to Baa3, pari-passu with the notes that
currently do not have a subsidiary guarantee.

RATING RATIONALE

Brunswick's Baa3 senior unsecured unguaranteed rating reflects its
strong position in the marine sector and good operating performance
of Brunswick's distribution network. It benefits from the fact that
boating is a sector with relatively stable participation trends.
The rating also reflects the modest diversity provided by
Brunswick's fitness business. The ratings further reflect the
company's solid credit metrics -- highlighted by debt/EBITDA below
1.5 times and EBIT/interest over 10 times. Because of Brunswick's
sensitivity to macroeconomic conditions, Moody's expects the
company's credit metrics to be stronger than other similarly-rated
consumer durable companies. Moody's expects credit metrics to
improve as the company's operating performance remains strong and
leisure marine industry demand steadily grows. Brunswick's strong
liquidity and seasoned management team also support the rating. The
company's ratings are constrained by the highly discretionary
nature of pleasure boats and marine related products, which makes
Brunswick's revenues and earnings highly sensitive to economic
weakness. Diversification is growing. About 55% of revenues are
tied to the cyclical leisure marine business (either boats or
engines), with roughly 45% tied to its more stable marine parts &
accessories and fitness businesses.

The stable outlook reflects Moody's expectation that the company's
strong operating performance, liquidity and credit metrics will
continue and enable it to maintain a solid credit profile even in a
moderate to significant economic decline. A temporary spike in
debt/EBITDA above 2 times is consistent with a stable outlook.

An upgrade is possible if Brunswick can significantly increase
revenue, and further diversify its business away from boats.
Brunswick would also need to maintain its earnings and cash flow
credit metrics in the face of economic uncertainties. Specifically,
Moody's would consider an upgrade if EBIT margins are sustained
above 17%, and retained cash flow/net debt is maintained above
35%.

Ratings could be downgraded if there is a significant negative
change in boating participation and/or boat ownership trends or
operating performance otherwise weakens. Key credit metrics that
could result in a downgrade are EBIT margins maintained below 13%,
or debt/EBITDA sustained above 3 times.

Brunswick, headquartered in Lake Forest, Illinois, manufactures
marine engines, pleasure boats and fitness equipment. Revenue for
the twelve months ended March 2016 approximated $4.2 billion.



BSD OF MIAMI: Case Summary & 15 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: BSD of Miami Gardens, LLC
        299 Hewes Street
        Brooklyn, NY 11211

Case No.: 16-18865

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: June 22, 2016

Court: United States Bankruptcy Court
       Southern District of Florida (Miami)

Debtor's Counsel: Scott Alan Orth, Esq.
                  LAW OFFICES OF SCOTT ALAN ORTH, P.A.
                  3860 Sheridan St., Suite A
                  Hollywood, FL 33021
                  Tel: 305.757.3300
                  Fax: 305.757.0071
                  E-mail: scott@orthlawoffice.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Moris Schlager, managing member.

A list of the Debtor's 15 largest unsecured creditors is available
for free at:

      http://bankrupt.com/misc/flsb16-18865.pdf


BUNN COMMUNICATIONS: Case Summary & 20 Top Unsecured Creditors
--------------------------------------------------------------
Debtor: Bunn Communications, Inc.
        503-D Highway 70 East
        Garner, NC 27529

Case No.: 16-03291

Chapter 11 Petition Date: June 22, 2016

Court: United States Bankruptcy Court
       Eastern District of North Carolina
       Raleigh Division

Debtor's Counsel: Trawick H Stubbs, Jr., Esq.
                  STUBBS & PERDUE, P.A.
                  P. O. Drawer 1654
                  New Bern, NC 28563
                  Tel: 252 633-2700  
                  Fax: 252 633-9600
                  E-mail: efile@stubbsperdue.com

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Larry J. Bunn, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/nceb16-03291.pdf


BUY WHOLESALE: U.S. Trustee Unable to Appoint Committee
-------------------------------------------------------
A committee of unsecured creditors has not yet been appointed in
the Chapter 11 case of Buy Wholesale, Inc., according to a filing
with the U.S. Bankruptcy Court for the Middle District of
Tennessee.

Buy Wholesale, Inc., dba Buy Wholesale Outlet, sought protection
under Chapter 11 of the Bankruptcy Code (Bankr. M. D. Tenn. Case
No. 16-03573) on May 18, 2016.  The petition was signed by John
Adams, chief financial officer.

The case is assigned to Judge Marian F. Harrison.

At the time of the filing, the Debtor disclosed $1.1 million in
assets and $1.15 million in debts.


CADDO DESIGN: Taps Buechler & Garber as Legal Counsel
-----------------------------------------------------
Caddo Design Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Colorado to hire Buechler & Garber, LLC as its
legal counsel.

The Debtor tapped the firm to:

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

     (b) assist the Debtor in the development of a Chapter 11 plan

         of reorganization;

     (c) file legal papers and actions which may be required in
         the continued administration of the Debtor's property;
         and

     (d) take necessary actions to enjoin and stay until final
         decree the commencement or continuation of lien
         foreclosure proceedings.

The Debtor proposes to hire Buechler & Garber under a general
retainer.  

Aaron Garber, Esq., a partner at Buechler & Garber, disclosed in a
court filing that the firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

Buechler & Garber can be reached through:

     Aaron Garber
     Buechler & Garber LLC
     999 18th Street, Suite 1230S
     Denver, CO 80202
     Telephone: (720) 381-0045
     Telecopy: (720) 381-0382
     Email: aaron@bandglawoffice.com

                       About Caddo Design

Caddo Design Inc. operates an office supply business in Colorado.
The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Colo. Case No. 14-23098) on September 24, 2014.
Judge Michael E. Romero presides over the case.


CAESARS ENTERTAINMENT: Has Pact with Bank Creditors to Support Plan
-------------------------------------------------------------------
Caesars Entertainment Corporation and Caesars Entertainment
Operating Company, Inc., a majority owned subsidiary of CEC, and
certain beneficial holders of the claims under the first lien bank
debt incurred by CEOC pursuant to that certain Third Amended and
Restated Credit Agreement, dated as of July 25, 2014, by and among
CEC, CEOC, the lenders party thereto and Credit Suisse AG, Cayman
Islands Branch, as administrative agent, agreed to amend the
Restructuring Support and Forbearance Agreement, dated as of
Aug. 21, 2015, among CEC, CEOC and the Consenting Bank Creditors,
with respect to the restructuring of CEOC's indebtedness.  The
Amendment will go effective when it is signed by Consenting Bank
Creditors holding greater than two-thirds of the aggregate amount
of all First Lien Bank Claims held by Consenting Bank Creditors who
executed the Bank RSA.

Pursuant to the Amendment, the Bank RSA has been amended to
provide, among other things, the following:

Agreement to Support Plans

Each Restructuring Support Party (as defined in the Amendment) has
agreed to support and not hinder the completion of (i) the
Restructuring and all transactions contemplated under the Debtor's
Second Amended Joint Plan of Reorganization filed on June 15, 2016
through which the Restructuring will be effected and (ii) if
applicable, a chapter 11 plan of reorganization for CEC through
which the Restructuring may be effected, in each case, pursuant to
the terms of the Amendment.  In addition, each Restructuring
Support Party has agreed to vote in favor of the Plans when
properly solicited to do so under the Bankruptcy Code.

Judicial Order Authorizing Cash Payment

The Debtors have agreed to, among other things, within 30 days of
the effective date of the Amendment, file and prosecute a motion
for, and use commercially reasonable efforts to obtain, an order of
the Bankruptcy Court authorizing the Debtors to pay the holders of
the First Lien Bank Claims $300.0 million in cash as soon as
practicable.  Those amounts paid will reduce dollar for dollar the
$705.0 million in cash to be received under the CEOC Plan by the
holders of the First Lien Bank Claims on the date on which all
conditions precedent to the effectiveness of the Plans have been
satisfied or are expressly waived.

MFN Restructuring Support Agreement

The Caesars Parties have agreed to refrain from entering into any
other agreement, including a restructuring support agreement, with
any creditor, committee or group of creditors or official committee
of creditors (except for the Official Committee of Unsecured
Creditors) in connection with the potential restructuring of the
Caesars Parties' indebtedness that includes terms more favorable
than the terms set forth in the Amendment.  Each Caesars Party has
agreed that if it enters into an MFN Restructuring Support
Agreement in violation of the terms of the Amendment, the Amendment
will automatically be amended to the extent necessary to include
such more favorable terms set forth in such MFN Restructuring
Support Agreement.

Additional Covenants of CEC

If and to the extent that (i) the Effective Date has not occurred
by Jan. 1, 2017, and (ii) the holders of Second Lien Notes Claims
vote as a class to accept the CEOC Plan, CEC has agreed to provide,
by paying on the Effective Date an amount equal to $10.0 million
per month during the period commencing on Jan. 1, 2017, and ending
on the earlier of the Effective Date and June 30, 2017 (with such
monthly payment earned on the first day of each month during the
period), and which is payable on account of the principal and
accrued interest on the First Lien Bank Claims in cash or New CEC
Common Equity to the Debtors or to the Administrative Agent, in
either case as a distribution for the benefit of the holders of
First Lien Bank Claims, to the holders of First Lien Bank Claims,
their pro rata share of the Supplemental Bank Creditor
Distribution.

CEC has also agreed that, if and to the extent that the Additional
CEC Consideration (as defined in the June 6, 2016 version of the
CEOC Plan) is increased, CEC will increase the amount of the
Supplemental Bank Creditor Distribution by a percentage amount
equal to the same percentage amount by which the Additional CEC
Consideration has been increased.  Furthermore, if and to the
extent that the consideration being received by the holders of
claims in respect of indebtedness incurred by the Debtors pursuant
to first lien indentures is increased as compared to the treatment
provided to the holders of First Lien Bond Claims pursuant to the
June 6 CEOC Plan (as defined in the Amendment), CEC has agreed to
increase the consideration being received by the holders of First
Lien Bank Claims by the same amount of consideration and subject to
the same terms of any such increase.

In addition, CEC has agreed to pay on the Effective Date the RSA
Forbearance Fee (as defined in the CEOC Plan) to certain First Lien
Bank Lenders on the terms and conditions set forth in the Amendment
on account of such lenders' Supplemental RSA Bonds (as defined in
the Amendment).  However, CEC will only be liable for $3.0 million
in the aggregate in respect of any RSA Forbearance Fees on account
of Supplemental RSA Bonds paid under the Amendment to any
Consenting Bank Creditors.

A copy of the First Amended Restructuring Support and Forbearance
Agreement is available for free at https://is.gd/Sf7sLD

                    About Caesars Entertainment

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

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

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

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

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

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

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

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


CAESARS ENTERTAINMENT: Judge Gives Green Light to Pursue Plan
-------------------------------------------------------------
Tracy Rucinski, writing for Reuters, reported that the casino
operating unit of Caesars Entertainment Corp can begin seeking
creditor votes for a plan to exit its long and contentious $18
billion bankruptcy, a U.S. bankruptcy judge said in court on June
22.

According to the report, a confirmation hearing will begin on
January 17, 2017, two years after the company filed for Chapter 11
protection.

Following intense negotiations with creditors, CEOC lawyers said on
June 22 they have made "significant progress" in obtaining pledges
of support for the reorganization plan, which will slash $10
billion of debt and split the unit into a new operating company and
a real estate investment trust, the report related.

Time is of the essence as a temporary halt to $11.4 billion in
lawsuits against its parent by bondholders expires in August, the
report further related.  Caesars has said that court rulings in
favor of bondholders could threaten its contribution to the
reorganization plan and plunge it into bankruptcy alongside CEOC,
the report added.

The Troubled Company Reporter, on June 14, 2016, reported that the
Debtors filed a second amended joint plan of reorganization and
accompanying disclosure statement to modify the plan confirmation
hearing.

Under the Plan, non-first lien claimants will share a pro rata
portion of the Non-First Lien Recovery Consideration and holders
of
Undisputed Unsecured Claims and Disputed Unsecured Claims, if they
vote as a Class to accept the Plan, will also receive Cash from
the
Unsecured Creditor Cash Pool.

The Unsecured Creditor Cash Pool, which will be comprised of up to
approximately $5.3 million, will be contributed by Caesars
Entertainment Corp.

In addition, with respect to the Par Recovery Unsecured Claims,
Winnick Unsecured Claims, Caesars Riverboat Casino Unsecured
Claims, and Chester Downs Management Unsecured Claims, Holders of
those Claims will receive Non-First Lien Recovery Consideration in
an amount equal to 100%, 67%, 71%, and 87%, respectively, of those
Holders' Claim.

The Convenience Unsecured Claims will receive recoveries from the
Convenience Cash Pool, which consists of $12.5 million, and will
not receive any recoveries from the Non-First Lien Recovery
Consideration.  Additionally, the Non-Obligor Unsecured Claims
will
receive payment in full in cash due to the fact that the
Non-Obligor Debtors are not liable for any of the Debtors' funded
debt obligations.

A full-text copy of the Second Amended Disclosure Statement is
available at http://bankrupt.com/misc/ilnb15-01145-3952.pdf

The Debtors are represented by:

         James H.M. Sprayregen, P.C., Esq.
         David R. Seligman, P.C., Esq.
         KIRKLAND & ELLIS LLP
         KIRKLAND & ELLIS INTERNATIONAL LLP
         300 North LaSalle
         Chicago, IL 60654
         Tel: (312) 862-2000
         Fax: (312) 862-2200

              - and -

         Paul M. Basta, P.C., Esq.
         Nicole L. Greenblatt, P.C., Esq.
         KIRKLAND & ELLIS LLP
         KIRKLAND & ELLIS INTERNATIONAL LLP
         601 Lexington Avenue
         New York, New York 10022-4611
         Telephone: (212) 446-4800
         Facsimile: (212) 446-4900

                   About Caesars Entertainment

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

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

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

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

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

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

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

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


CH KIM: Seeks to Hire T. Shepard, 2 Others as Attorneys
-------------------------------------------------------
Ch Kim, LLC seeks approval from the U.S. Bankruptcy Court for the
Northern District of Alabama to hire attorneys in connection with
its Chapter 11 case.

The Debtor proposes to hire Tazewell Shepard, Kevin Morris and
Tazewell Shepard, IV to assist in drafting its plan of
reorganization, prepare legal papers and represent the Debtor in
court hearings or trials.

The hourly rate for Mr. Shepard is $325 while the hourly rates for
Messrs. Morris and Shepard IV are $295 and $250, respectively.

The attorneys are "disinterested persons" as defined in section
101(14) of the Bankruptcy Code, according to court filings.

The Debtor can be reached through:

     Chan Hi Kim
     Managing Member
     Ch Kim, LLC
     101 North Clinton Street
     Athens, Alabama 35611

                        About Ch Kim LLC

Ch Kim, LLC, dba Calvin's Cleaners, owns a dry cleaning business
with a cleaning plant and several retail locations in North
Alabama.  The Debtor sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 16-81749) on June 16,
2016.


CHALFONT ROCK: Taps Buechler & Garber as Legal Counsel
------------------------------------------------------
Chalfont Rock, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Colorado to hire Buechler & Garber, LLC as its
legal counsel.

The Debtor tapped the firm to:

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

     (b) assist the Debtor in the development of a Chapter 11 plan

         of reorganization;

     (c) file legal papers and actions which may be required in
         the continued administration of the Debtor's property;
         and

     (d) take necessary actions to enjoin and stay until final
         decree the commencement or continuation of lien
         foreclosure proceedings.

The Debtor proposes to hire Buechler & Garber under a general
retainer.  

Aaron Garber, Esq., a partner at Buechler & Garber, disclosed in a
court filing that the firm is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

Buechler & Garber can be reached through:

     Aaron Garber
     Buechler & Garber LLC
     999 18th Street
     Suite 1230S
     Denver, CO 80202
     Telephone: (720) 381-0045
     Telecopy: (720) 381-0382
     Email: aaron@bandglawoffice.com

                       About Chalfont Rock

Chalfont Rock, LLC owns two investment properties in Boulder,
Colorado, which it rents out for residential purposes.  Chalfont
sought protection under Chapter 11 of the Bankruptcy Code (Bankr.
D. Colo. Case No. 16-12343) on March 16, 2016.


CHINA GINSENG: $1.6M Debenture Convertible to 4M Shares
-------------------------------------------------------
On July 21, 2015, in connection with a security purchase agreement
between China Ginseng Holdings, Inc. and an investor, China Ginseng
closed a private placement to sell a Series A Convertible Debenture
for a price of $1,600,000.  The Debenture is convertible into
4,000,000 shares of the Company's common stock, par value $0.001
per share, at a conversion price of $.40 per share.

On June 15, 2016, the Investor informed the Company its intent to
convert the Debenture into shares of the Company's common stock.
Accordingly, pursuant to the Debenture, the Company will issue an
aggregate amount of 4,000,000 shares of its common stock, to the
Investor.  The Offering was made in reliance upon the exemption
from securities registration afforded by Regulation S as
promulgated under the Securities Act of 1933, as amended.

                    About China Ginseng

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

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

As of March 31, 2016, China Ginseng had $8.66 million in total
assets, $21.40 million in total liabilities and a total
stockholders' deficit of $12.73 million.

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


COMBIMATRIX CORP: Six Directors Elected at Annual Meeting
---------------------------------------------------------
CombiMatrix Corporation held its 2016 annual meeting of
stockholders on June 16, 2016, at which the stockholders:

   (a) elected Scott Gottlieb, M.D., Robert E. Hoffman,
       Judd Jessup, Jeremy M. Jones, Mark McDonough and
       Lale White as directors to serve until the 2017 annual
       meeting of stockholders and until their successors have
       been duly elected and qualified; and

   (b) ratified the appointment of Haskell & White LLP as the
       Company's independent registered public accounting firm for

       2016.

The stockholders did not approve the proposal to amend and restate
the Company's 2006 Stock Incentive Plan to increase the number of
shares of common stock available for grant thereunder by 300,000
shares, from 200,000 shares to 500,000 shares, and to effect
various other changes thereunder and the proposal to approve, on an
advisory basis, the compensation of the Company's named executive
officers.

                       About Combimatrix

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

Combimatrix reported a net loss of $6.60 million in 2015 compared
to a net loss of $8.70 million in 2014.  As of March 31, 2016,
Combimatrix had $11.20 million in total assets, $2.52 million in
total liabilities and $8.68 million in total stockholders' equity.

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


COMDISCO HOLDING: Files Motion for Final Decree to Close Ch.11
--------------------------------------------------------------
On June 21, 2016, Comdisco Holding Company, Inc., and Comdisco,
Inc., filed with the U.S. Bankruptcy Court for the Northern
District of Illinois Eastern Division a motion for the entry of a
final decree (i) closing the chapter 11 case of Comdisco, Inc.;
(ii) authorizing the Company to complete certain outstanding
administrative tasks following entry of the Final Decree; (iii)
approving the proposed manner of disposing of and disbursing
remaining Company assets; (iv) confirming the exculpation of the
Plan Implementation Parties (as defined in the Motion); (v)
terminating the services of the claims and noticing agent and
disbursing agent; and (vi) retaining jurisdiction to enforce or
interpret its own orders pertaining to the chapter 11 cases
including, but not limited to, the Plan and the Final Decree.  In
support of this Motion, the Company has filed a Final Report and
Accounting of the Comdisco Disbursing Agent attached as Exhibit B
to the Motion.

The hearing before the Bankruptcy Court for the approval of the
Motion is scheduled for July 12, 2016.

                        About Comdisco

Comdisco emerged from Chapter 11 bankruptcy proceedings on August
12, 2002.  The purpose of reorganized Comdisco is to sell, collect
or otherwise reduce to money in an orderly manner the remaining
assets of the corporation.  Pursuant to the Plan and restrictions
contained in its certificate of incorporation, Comdisco is
specifically prohibited from engaging in any business activities
inconsistent with its limited business purpose. Accordingly,
Comdisco has substantially reduced all of its assets to cash and
expects to make a final distribution of the remaining operating
cash (net of amounts withheld for estimated liabilities) to holders
of its common stock and contingent distribution rights in the
manner and priorities set forth in the Plan and Motion. Once all
the administrative tasks as detailed in the Motion are completed,
the company will cease operations.  The Company filed on August 12,
2004 a Certificate of Dissolution with the Secretary of State of
the State of Delaware to formally extinguish Comdisco Holding
Company, Inc.'s corporate existence with the State of Delaware
except for the purpose of completing the wind-down contemplated by
the Plan.  Under the Plan, Comdisco was charged with, and has been,
liquidating its assets.


CONGREGATION ACHPRETVIA: Has Until Sept. 13 to File Plan
--------------------------------------------------------
The Hon. Michael E. Wiles of the U.S. Bankruptcy Court for the
Southern District of New York has extended, at the behest of
Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., the time
within which the Debtor has the exclusive right to file a plan of
reorganization and to solicit acceptances through and including
Sept. 13, 2016, and Nov. 10, 2016, respectively.

As reported by the Troubled Company Reporter on May 16, 2016, the
Debtor sought for the extensions, saying that two unresolved
contingencies warrant an extension of the Debtor's Exclusive
Periods.  First, for the Debtor to even file a plan, it must be
determined that it filed its case in good faith and can remain in
bankruptcy.  Second, for the Debtor to file a confirmable plan, it
must also be determined whether 163 East 69 Realty LLC is a
creditor or whether the contract for the sale of the real property
and improvements located at 163 East 69th Street, New York, can be
rescinded.  Accordingly, the Debtor submits that these two issues
must be resolved before it can file a plan and that it is
appropriate that the Debtor's Exclusive Period be extended, so that
the Debtor does not have to use estate resources in filing a plan
that may not proceed due to the unresolved contingencies.

                  About Congregation Achpretvia

Congregation Achpretvia Tal Chaim Sharhayu Shor, Inc., in Brooklyn,
New York, filed for Chapter 11 bankruptcy protection (Bankr.
S.D.N.Y. Case No. 16-10092) on Jan. 15, 2016.  Judge Michael E.
Wiles presides over the case.  Arnold Mitchell Greene, Esq., at
Robinson Brog Leinwand Greene Genovese & Gluck P.C., serves as the
Debtor's counsel.  In its petition, the Congregation listed total
assets of $18 million and total liabilities of $472,502.  The
petition was signed by Harold Friedlander, vice president.


CORINTHIAN COLLEGES: Used Recruiting Incentives, Docs Show
----------------------------------------------------------
Gretchen Morgenson, writing for The New York Times, reported that
Corinthian Colleges, once one of the nation's largest for-profit
education companies, engaged in apparently unlawful practices by
paying its recruiters based on how many sales leads they converted
into actual students, according to documents.

According to the report, the disclosure may make it easier for
former students of the defunct institution to have their federal
loans forgiven by helping them establish that they were defrauded
or that Corinthian violated federal law while it was operating.

The materials, released by a three-judge panel in the United States
Court of Appeals for the Ninth Circuit, are internal Corinthian
documents known as "Ad Rep Performance Flash Reports," the report
said.  They were originally provided by two former employees who
sued Corinthian and its auditor in 2007, the report related.  Most
of the documents the employees produced in the case -- almost 800
pages -- remain under seal, the report said.

The report pointed out that it is against the law for a school to
make incentive payments to recruiters based on the students they
enroll.  Nevertheless, Corinthian compiled the flash reports
weekly, according to Nyoka June Lee, one of the former Corinthian
employees, who filed the suit under the False Claims Act, enacted
to encourage individuals to report fraud against the government,
the report added.

                   About Corinthian Colleges

Corinthian Colleges, Inc., et al., were founded in February 1995
and through acquisitions became one of the largest for-profit
post-secondary education companies in the U.S. and Canada.  In
January 2010, Corinthian purchased Heald Capital LLC, which
operated Heald College, a 150 year-old regionally-accredited
institution with 12 campuses.

Corinthian Colleges, Pegasus Education, Inc., and 23 affiliated
entities filed voluntary Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 15-10952) on May 4, 2015, to complete an orderly wind
down
of operations.  The cases are jointly administered under Case No.
15-10952.  Judge Kevin J. Carey presides over the case.  

Corinthian Colleges, Inc., disclosed $721,596,789 in assets and
$2,929,448,278 in liabilities as of the Chapter 11 filing.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel;
FTI Consulting, Inc., as restructuring advisors;
PricewaterhouseCoopers, LLC, as tax advisors; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.

The U.S. Trustee for Region 3 formed an Official Committee of
Unsecured Creditors and an Official Committee of Student
Creditors. The Creditors Committee retained Brown Rudnick LLP and
Rosner Law Group as attorneys.   The Student Committee tapped
Robins Kaplan LLP and Poslinelli PC as attorneys.

                          *     *     *

The Debtors closed each of their campus locations effective as of
April 27, 2015, and immediately began the process of liquidating
their assets and winding down operations.

The Troubled Company Reporter, on Oct. 9, 2015, reported that
Corinthian Colleges, Inc., et al., notified that the effective
date
of their Third Amended and Modified Combined Disclosure Statement
and Chapter 11 Plan of Liquidation was Sept. 21, 2015.


CORNERSTONE TOWER: U.S. Trustee Forms 2-Member Committee
--------------------------------------------------------
The Office of the U.S. Trustee on June 20 appointed two creditors
of Cornerstone Tower Service, Inc., to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) IRZ Consulting LLC
         dba EZ Wireless
         Attn: Lori Rodriguez
         500 N. 1st Street
         Hermiston, OR 97838
         Phone: (541) 716-5431
         Email: Lori.Rodriguez@irz.com

     (2) Towerkraft Engineering, P.C.
         Attn: Steve Fehlhafer
         216 East Third Street
         Alliance, NE 69301
         Phone: (402) 646-0031 or (308) 762-5002
         Email: steve@towerkraft.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 Cornerstone Tower

Headquartered in Grand Island, Nebraska, Cornerstone Tower Service,
Inc., filed for Chapter 11 bankruptcy protection (Bankr. D. Neb.
Case No. 16-40787) on May 13, 2016, estimating its assets at
between $1 million and $10 million and liabilities at between $1
billion and $10 billion.  The petition was signed by James Scheer,
president.

Judge Thomas L. Saladino presides over the case.

John C. Hahn, Esq., at Jeffrey, Hahn, Hemmerling & Zimmerman serves
as the Debtor's bankruptcy counsel.


CRAIG GERSH TRUST: Taps Michael Kwasigroch as Attorney
------------------------------------------------------
The Craig Gersh Trust seeks approval from the U.S. Bankruptcy Court
for the Central District of California to hire Michael Kwasigroch
as its attorney.

Mr. Kwasigroch will provide legal services to the Debtor and its
principal, Albert Gersh, in connection with its Chapter 11 case.
These services include the retention of other professionals, the
preparation and filing of a plan of reorganization and attending
court hearings.

Mr. Kwasigroch will be paid $400 per hour for his services.

In a court filing, Mr. Kwasigroch disclosed that he is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Mr. Kwasigroch's contact information is:

     Michael Kwasigroch
     Law Offices of Michael D. Kwasigroch
     1975 Royal Avenue, Suite No. 4
     Simi Valley, CA 93065
     Tel: (805) 522-1800

                  About The Craig Gersh Trust

The Craig Gersh Trust dated July 11, 2002 sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. C.D. Cal. Case No.
16-11411) on May 10, 2016.


DBD BEAUTY: Seeks to Hire Trinh Law as Legal Counsel
----------------------------------------------------
DBD Beauty and Spa, Inc. seeks approval from the U.S. Bankruptcy
Court for the Northern District of California to hire Trinh Law as
its legal counsel.

DBD Beauty and Spa tapped the firm to:

     (a) advise the Debtor about its powers and duties as a
         debtor-in-possession;

     (b) advise and assist the Debtor in any manner relevant to a
         review of any of its leases and other contractual
         obligations;

     (c) prepare documents related to the disposition of assets;

     (d) give advice on matters related to finance and asset sale;

     (e) give advice on issues concerning the Debtor's financial
         condition and formulation of a plan of reorganization;
         and

     (g) assist and represent the Debtor in litigations as
         requested.

Trinh Law has agreed to take the case on a fixed fee not to exceed
$20,000.  The firm's professionals and their current hourly rates
are:

     Nancy Weng      $300
     David Trinh     $300
     Paralegals      $100

Aside from professional fees, Trinh Law will also receive
reimbursement for work-related expenses.

Nancy Weng, Esq., disclosed in a court filing that the firm does
not represent any interest adverse to the Debtor or its bankruptcy
estate.

The firm can be reached through:

     Nancy Weng, Esq.
     David Trinh, Esq.
     Trinh Law
     99 North First Street, Suite 200
     San Jose, CA 95113
     Phone: 408-890-7843
     Fax: 408-890-4774
     nweng@trinhlawfirm.com

                    About DBD Beauty and Spa

DBD Beauty and Spa, Inc., dba Beauty Salon & Day Spa, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N. D.
Calif. Case No. 16-41629) on June 13, 2016.  


DORSEY MOTOR: Gets 90-Day Extension for Plan Filing Deadline
------------------------------------------------------------
The Hon. Dwight H. Williams, Jr., of the U.S. Bankruptcy Court for
the Middle District of Alabama has extended, at the behest of
Dorsey Motor Sales, Inc., the period during which the Debtor has to
file a disclosure statement and plan of reorganization for 90 days.


As reported by the Troubled Company Reporter on June 9, 2016, the
Debtor's counsel has been reviewing with the formulation of a
Chapter 11 Plan of Reorganization, and does not believe that a
Chapter 11 plan of reorganization can be formulated within the
initial period and that an extension of at least 90 days will allow
for Debtor to present a Confirmable plan.  The Debtor's three
pieces of property in Autauga County, Alabama, are all secured by
Blue Prattville Holdings, LLC, which appears to be services by
Sabal Financial.  The Debtor and the Creditor has been negotiating
a settlement price to satisfy the debt.  The Settlement was
contingent on the sale of  the Body Shop, which was near being
finalized.  

Headquartered in Prattville, Alabama, Dorsey Motor Sales, Inc.,
filed for Chapter 11 bankruptcy protection (Bankr. M.D. Ala. Case
No. 15-32394) on Aug. 31, 2015, estimating its assets at between $1
million and $10 million and liabilities at between $500,000 and $1
million.  The petition was signed by Richard M. Dorsey, president.


Judge Dwight H. Williams, Jr., presides over the case.

Collier H. Espy, Jr., Esq., at Espy, Metcalf & Espy, P.C., serves
as the Debtor's bankruptcy counsel.


DRAW ANOTHER CIRCLE: U.S. Trustee Forms 7-Member Committee
----------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on June 21 appointed
seven creditors of Draw Another Circle, LLC, to serve on the
official committee of unsecured creditors.

The committee members are:

     (1) Universal Studios Home Entertainment
         Attn: John Roussey
         100 Universal City Plaza, 1440/19
         University City, CA 91608
         Phone: 818-777-7601
         Fax: 818-866-2314

     (2) Warner Home Video
         Attn: Robert Lahr
         4000 Warner Blvd.
         Burbank, CA 91522
         Phone: 818-9778545
         Fax: 818-977-5740

     (3) Penguin Random House LLC
         Attn: Michelle Delavega
         1745 Broadway
         New York, NY 10019
         Phone: 212-782-9882
         Fax: 212-782-5142

     (4) Funko LLC
         Attn: Ben Kramer
         1202 Shuksan Way
         Everett, WA 98203
         Phone: 425-783-3616
         Fax: 425-349-2517

     (5) Hachette Book Group, Inc.
         Attn: Michael Cristiani
         53 State Street, 9th Floor
         Boston, MA 02109
         Phone: 617-263-2981
         Fax: 617-263-2867

     (6) Ingram Entertainment, Inc.         
         Attn: Deborah Campbell
         Two Ingram Blvd.
         La Vergne, TN 37089
         Phone: 615-287-4366
         Fax: 615-287-6504

     (7) Diamond Comic Distributors, Inc.
         Attn: Donna DaRoja
         10150 York Road, Suite 300
         Hunt Valley, MD 21030
         Phone: 443-318-8397
         Fax: 410-683-7080

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

                    About Draw Another Circle

Draw Another Circle, LLC and four of its subsidiaries, namely,
Hastings Entertainment, Inc., MovieStop, LLC, SP Images, Inc., and
Hastings Internet, Inc., filed voluntary petitions under Chapter 11
of the Bankruptcy Code on June 13, 2016.  The main debtor is Draw
Another Circle, LLC (Bankr. D. Del. Lead Case No. 16-11452).

As of the bankruptcy filing, Hastings operated 123 entertainment
superstores, averaging approximately 24,000 square feet,
principally in medium-sized markets located in 19 states, primarily
in the Northwestern, Midwestern, and Southeastern United States,
and had over 3,500 employees.  As of the Petition Date,
Atlanta-based MovieStop operated 39 destination locations in 10
states, primarily along the Eastern United States Coast.
Headquartered in Franklin, Massachusetts, SP Images, Inc., is a
distributor of sports and entertainment products and apparel.
Hastings, MovieStop and SPI are each wholly-owned subsidiaries of
DAC.

The Debtors tapped Whiteford, Taylor & Preston LLC and Cooley LLP
as attorneys; RCS Real Estate Advisors as lease disposition
consultants; FTI Consulting as financial advisor; and Rust
Consulting/Omni Bankruptcy as claims and noticing agent.


ELBIT IMAGING: Clarifies Announcement on Reverse Split Confirmation
-------------------------------------------------------------------
Elbit Imaging Ltd. clarified that following further evaluation by
the Company, the reverse share split will be done at a ratio of one
for three of the Company's ordinary shares, and not as previously
reported.  The shares will commence trading on a reverse
split-adjusted basis upon the open of trading on the NASDAQ Global
Select Market on Monday, June 27, 2016.  With respect to the Tel
Aviv Stock Exchange, the shares will commence trading on a reverse
split-adjusted basis upon the open of trading on Sunday, June 26,
2016.

The record date for determining which holders of the Company's
ordinary shares will have their holdings adjusted as a result of
the Reverse Share Split will be the close of business on Friday,
June 24, 2016.

As part of the reverse share split and pursuant to the approval of
the Company's shareholders, on March 31, 2016, the Company's
Memorandum and Articles of Association will be amended to reduce
the Company's authorized share capital from 35,000,000 ordinary
shares, no par value, to 11,666,667 ordinary shares, no par value,
and not as previously reported.

The reverse share split will reduce the number of the Company's
issued and outstanding ordinary shares to approximately 9.2 million
ordinary shares.

                    About Elbit Imaging

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

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

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

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

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


ELBIT IMAGING: Unit Signs EUR42.5M Loan for Belgrade Plaza
----------------------------------------------------------
Elbit Imaging Ltd. announced that Plaza Centers N.V. ("Plaza")
(LSE: PLAZ), an indirect subsidiary (45%) of the Company, has
signed a EUR42.5 million loan agreement to support the development
of Belgrade Plaza (Visnjicka) in the Serbian capital, Belgrade,
from a consortium of banks led by the Hungarian bank OTP Bank Plc.

Belgrade Plaza is being developed on a 31,000 sqm plot of land
owned by Plaza in Belgrade, a city with strong market demand and
further future potential, given its large catchment area of
approximately 1.7 million people.  Construction of the commercial
center is already in advanced stages and it is on schedule to open
in the first half of 2017.  Belgrade Plaza, which is currently over
50% pre-let, will comprise approximately 32,000 sqm of Gross
Lettable Area (GLA) and will be anchored by a supermarket, a
multi-screen cinema complex and major international brands.

                     About Elbit Imaging

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

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

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

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

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


ENERGY FUTURE: TCEH Proposes to Tap $4.2-Bil. DIP Financing
-----------------------------------------------------------
Texas Competitive Electric Holdings Company LLC, Energy Future
Competitive Holdings Company LLC, and their debtor affiliates seek
authority from the U.S. Bankruptcy Court for the TCEH Debtors to
enter into a postpetition financing commitment with Deutsche Bank
AG New York Branch and Deutsche Bank Securities Inc., Barclays Bank
PLC, Citigroup Global Markets Inc., Credit Suisse AG and Credit
Suisse Securities (USA) LLC, Royal Bank of Canada and RBC Capital
Markets, UBS AG, Stamford Branch and UBS Securities LLC, and
Natixis, New York Branch.

The TCEH Debtors' current DIP loans under the Existing DIP Credit
Agreement will mature on November 7, 2016, and the Debtors
anticipate that they may require debtor-in-possession financing
beyond that date, in addition to requiring exit financing upon
emergence.  To fulfill that need, the TCEH Debtors obtained
commitments from several large financial institutions for fully
underwritten financing and now seek authorization to enter into the
Financing Papers with the Commitment Parties and the financing
contemplated therein.

Pursuant to the Commitment Letter, the TCEH Debtors may elect to
enter into either (a) exit financing in connection with the
Debtors' emergence from Chapter 11 or (b) replacement
debtor-in-possession financing that will convert into exit
financing upon their emergence from chapter 11.

The options provide, among others:

   (a) Senior Facilities. The TCEH Debtors may elect to receive:
(a) a senior secured first lien revolving credit facility in an
aggregate principal amount of $750,000,000, (b) a senior secured
first lien term loan facility in an aggregate principal amount of
$2,850,000,000, and (c) a senior secured first lien term loan
facility in an aggregate principal amount of $650,000,000.

   (b) DIP Roll Facilities. The TCEH Debtors may elect to receive:
a senior secured superpriority debtor-in-possession and exit credit
agreement consisting of (a) a superpriority senior secured first
lien revolving credit facility in an aggregate principal amount of
$750,000,000, (b) a superpriority senior secured first lien term
loan facility in an aggregate principal amount of $2,850,000,000,
and (c) a superpriority senior secured first lien term loan
facility in an aggregate principal amount of $650,000,000.  The DIP
Roll Facilities will convert to the Senior Facilities on the
Conversion Date.

Among other things, the following summarizes the significant terms
of the Financing, the DIP Order, and the Approval Order:

   (a) Total Loan Commitment: $4,250,000,000 aggregate principal
amount under the Senior Facilities or under the DIP Roll
Facilities.

       -- Senior Term Loan B Facility: $2,850,000,000 aggregate
principal amount.

       -- Senior Term Loan C Facility: $650,000,000 aggregate
principal amount, which will be available to support the issuance
of cash collateralized letters of credit.

       -- Senior Revolving Credit Facility: $750,000,000 aggregate
principal amount: (a) Not less than $500,000,000 of which will be
available for issuance of standby and trade letters of credit, and
(b) Not less than $250,000,000 of which will be available for
swingline loans made by the Senior Administrative Agent.

       -- DIP Roll Term Loan B Facility: Same as Senior Term Loan B
Facility.
       
       -- DIP Roll Term Loan C Facility: Same as Senior Term Loan C
Facility.

       -- DIP Roll Revolving Credit Facility: Same as Senior
Revolving Credit Facility.

   (b) Interest Rate and Margins:

       -- Senior Term Loan B Facility: At the option of Borrower,
Adjusted LIBOR+5.00% or ABR+4.00%; provided that, interest rate
spreads will be subject to one 25 basis point reduction.

       -- Senior Term Loan C Facility: Same as Term Loan B
Facility.

       -- Senior Revolving Credit Facility: At the option of
Borrower, Adjusted LIBOR+4.00% or ABR+3.00%.

       -- DIP Roll Term Loan B Facility: Same as Senior Term Loan B
Facility.

       -- DIP Roll Term Loan C Facility: Same as Senior Term Loan C
Facility.

       -- DIP Roll Revolving Credit Facility: Same as Senior
Revolving Credit Facility.

   (c) Maturity and Amortization:

       -- Senior Term Loan B Facility: Matures on the day that is 7
years after the Closing Date and will amortize in equal quarterly
installments in an aggregate annual amount equal to 1% of its
original principal amount (subject to reduction in connection with
debt prepayments and debt buy backs), commencing the first full
fiscal quarter after the Closing Date, with the balance payable on
the final maturity date.

       -- Senior Term Loan C Facility: Matures on the day that is 7
years after the Closing Date and will not amortize.

       -- Senior Revolving Credit Facility: Terminates on the day
that is 5 years after the Closing Date.

       -- DIP Roll Term Loan B Facility: Matures on October 31,
2017, and will not amortize; provided that after the Conversion
Date, the DIP Roll Term Loan B Facility will mature on the day that
is 7 years after the Closing Date and will amortize in the same
manner as the Senior Term Loan B Facility.

       -- DIP Roll Term Loan C Facility: Matures on October 31,
2017, and will not amortize; provided that after the Conversion
Date, the DIP Roll Term Loan C Facility will mature on the day that
is 7 years after the Closing Date and will not amortize.

       -- DIP Roll Revolving Credit Facility: Matures on October
31, 2017; provided that after the Conversion Date, the DIP Roll
Revolving Credit Facility will terminate on the day that is 5 years
after the Closing Date.

A full-text copy of the Financing Motion is available at
https://is.gd/9qx1cn

Counsel to the Debtors and Debtors in Possession:

       Mark D. Collins, Esq.
       Daniel J. DeFranceschi, Esq.
       Jason M. Madron, Esq.
       RICHARDS, LAYTON & FINGER, P.A.
       920 North King Street
       Wilmington, Delaware 19801
       Telephone: (302) 651-7700
       Facsimile: (302) 651-7701
       Email: collins@rlf.com
              defranceschi@rlf.com
              madron@rlf.com

       -- and --

       Edward O. Sassower, P.C.
       Stephen E. Hessler, Esq.
       Brian E. Schartz, Esq.
       KIRKLAND & ELLIS LLP
       KIRKLAND & ELLIS INTERNATIONAL LLP
       601 Lexington Avenue
       New York, New York 10022-4611
       Telephone: (212) 446-4800
       Facsimile: (212) 446-4900
       Email: edward.sassower@kirkland.com
              stephen.hessler@kirkland.com
              brian.schartz@kirkland.com

       -- and --

       James H.M. Sprayregen, P.C.
       Marc Kieselstein, P.C.
       Chad J. Husnick, Esq.
       Steven N. Serajeddini, Esq.
       KIRKLAND & ELLIS LLP
       KIRKLAND & ELLIS INTERNATIONAL LLP
       300 North LaSalle
       Chicago, Illinois 60654
       Telephone: (312) 862-2000
       Facsimile: (312) 862-2200
       Email: james.sprayregen@kirkland.com
              marc.kieselstein@kirkland.com
              chad.husnick@kirkland.com
              steven.serajeddini@kirkland.com

             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


EXOTICA ACADEMY: Exclusive Plan Filing Period Extended to July 18
-----------------------------------------------------------------
The Hon. Raymond B. Ray of the U.S. Bankruptcy Court for the
Southern District of Florida has extended, at the behest of Exotica
Academy, Inc., the Debtor's exclusive period to file a Chapter 11
plan through July 18, 2016, and the Debtor's exclusive period to
solicit acceptances for any Chapter 11 plan through Sept. 16,
2016.

As reported by the Troubled Company Reporter on May 19, 2016, the
Debtor sought to extend for 60 days the statutory exclusive periods
for filing and soliciting acceptances of a plan.  The Debtor has
commenced monthly interest payments to its first mortgagee, Bank of
the West, in an agreed amount to adequately protect the Bank while
pursuing a sale of its property to a qualified buyer in an amount
sufficient to pay the first mortgage in full.  The Debtor says that
sufficient cause exists to extend the Exclusive Periods based upon
Debtor's continuing efforts to pursue a sale of its property while
commencing monthly interest payments to its first mortgagee to
adequately protect its interest
in the property.

Exotica Academy, Inc., owns a commercial building located at 6229
Miramar Parkway, Miramar, Florida, where it operated its hair
stylist training academy pre-petition.

It filed for Chapter 11 bankruptcy protection (Bankr. S.D. Fla.
Case No. 16-10749) on Jan. 19, 2016.  The Debtor is represented by
Nathan G. Mancuso, Esq., at Mancuso Law, P.A.


FM KELLY CONSTRUCTION: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of FM Kelly Construction Group, Inc.

                       About FM Kelly Construction

FM Kelly Construction Group, Inc., a New York based company filed
for Chapter 11 bankruptcy protection (Bankr. E.D.N.Y. Case No.
16-72143) on May 12, 2016. The petition was signed by Joseph
Barbera, chief financial officer.

Judge Robert E. Grossman presides over the case.

The Debtor estimated assets of $50,000 to $100,000 and estimated
liabilities of $1 million to $10 million.


FOODSERVICEWAREHOUSE.COM: Taps HyperAMS to Liquidate Assets
-----------------------------------------------------------
FoodServiceWarehouse.com, LLC seeks approval from the U.S.
Bankruptcy Court for the Eastern District of Louisiana to hire
HyperAMS, LLC.

The Debtor tapped the firm to assist in the liquidation of its
inventory and other assets.  Specifically, HyperAMS will render
these services:

     (a) provide consultation on website and policy changes to
         help minimize problems once the inventory liquidation
         process starts;

     (b) review daily sales reporting at both an overall and
         category level, and provide reports to the Debtor and its

         other advisors in a format that will aid in making
         liquidation decisions;

     (c) work with the Debtor to establish appropriate discount
         levels to sell inventory at a maximum return over a  
         specified period of time to be determined;

     (d) participate in conference calls with the Debtor on an as-
         needed basis to triage liquidation issues and make
         liquidation recommendations;

     (e) identify product items and categories that have a low
         likelihood of sell-through during an orderly liquidation
         sale, so that immediate bulk bids can be solicited.

     (f) work with the Debtor on an ongoing basis in reviewing
         such offers and updating such list based on liquidation
         sale results; and

     (g) assist the Debtor in any other way as may be agreed to in

         writing by HyperAMS and the Debtor.

Thomas Pabst, with the support of Daniel Dickey and Jonathan
Deptula, will have overall responsibility for providing services to
the Debtor.  Other professionals, who will be identified during the
course of the engagement, will also provide technical and
analytical support.

The hourly rate for Mr. Pabst is $400 while the hourly rate for
Messrs. Dickey and Deptula is $300.  The rate of other
professionals is $200 per hour.

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

HyperAMS can be reached through:

     Thomas Pabst
     HyperAMS, LLC
     1501 N Michael Drive
     Wood Dale, IL 60191
     Tel: (847) 499-7049
     E-mail: Info@hyperams.com

                 About FoodServiceWarehouse.com

FoodServiceWarehouse.com, LLC sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. E.D. La. Case No. 16-11179) on May 20,
2016.  The petition was signed by Thomas Kim, chief restructuring
officer.  

The Debtor is represented by Barry W. Miller, Esq., at Heller,
Draper, Patrick, Horn & Dabney, L.L.C.  The case is assigned to
Judge Elizabeth Magner.

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


FOREST PARK MEDICAL: Can Obtain 20K Financing from Dr. Genecov
--------------------------------------------------------------
Honorable Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas, Sherman Division, signed an agreed order
in relation to a postpetition financing filed by Forest Park
Medical Center, LLC, seeking, among others, authority for the
Debtor's estate to obtain post-petition credit from Dr. David
Genecov.

The Court also authorizes the Lender to advance amounts to the
Debtor necessary to fund an appraisal of the Debtor's assets not to
exceed $20,000 plus actual and necessary costs and expenses
(including travel) of a court-approved appraiser.

The Court further ordered that all amounts that Lender has provided
to or for the benefit of the Debtor Post-Petition Financing prior
to the entry of the Financing Order shall constitute authorized
financing and shall be entitled to the liens, protections, rights
and interests provided under the Financing Order.

The Financing Order provides that the unpaid principal balance of
the Post-Petition Financing shall accrue interest at the fixed rate
of ten percent (10%) per annum, together with a two percent (2%)
closing fee.

Furthermore, the Financing Order grants the Lender liens and
protections of a good faith lender plus superpriority
administrative claims to secure the Post-Petition Financing, which
include all the Post-Petition Financing principal and interest,
plus all fees, expenses, and other costs of Lender only incurred in
connection with this Post-Petition Financing.

Counsel for the Debtor:

       Howard Marc Spector, Esq.
       SPECTOR & JOHNSON, PLLC
       Banner Place, Suite 1100
       12770 Coit Road
       Dallas, Texas 75251
       Telephone: (214) 365-5377
       Facsimile: (214) 237-3380
       Email: hspector@spectorjohnson.com

Counsel for the Lender:

       David Weitman, Esq.
       Siobhan Ray, Esq.
       K&L GATES LLP
       1717 Main St., Suite 2800
       Dallas, TX 75201
       Telephone: (214) 939.5500
       Facsimile: (214) 939.5849
       Email: david.weitman@klgates.com
              siobhan.ray@klgates.com

            About Forest Park

Forest Park Medical Center, LLC, based in Dallas, Texas, sought
Chapter 11 bankruptcy protection (Bankr. E.D. Tex. Case No.
16-40302) on February 21, 2016.  The Debtor estimated $10 million
to $50 million in both assets and liabilities.  The petition was
signed by David Genecov, chairman of the Board of Managers. Howard
Marc Spector, Esq., at Spector & Johnson PLLC, serves as counsel to
the Debtor.


FOREST PARK MEDICAL: Landlords Allowed to Terminate OpCo Lease
--------------------------------------------------------------
Landlords Forest Park Realty Partners III, LP, and BT Forest Park
Realty Partners, LP, ask the U.S. Bankruptcy Court to lift the
automatic stay imposed in the Chapter 11 case of Forest Park
Medical Center LLC so they may exercise their rights and remedies
under a lease Lease, including to terminate the lease and evict the
Debtor from the Property.

The Landlords own the real properties that constitute Forest Park
Medical Center of Dallas, which the Landlords lease to the Debtor
Forest Park Dallas Hospitals, and as such, the Debtor is obligated
to reimburse the Landlords for its pro rata share of the various
operating expenses associated with the hospital, including, inter
alia, real estate taxes, insurance, security, and maintenance.

However, since the revenues from Forest Park Dallas have declined,
the Debtor began struggling to pay its monthly rent to the
Landlords, and in turn, the Landlords have also difficulty in
making their monthly payments to their principal secured lender,
Sabra Texas Holdings, L.P.

As such, the Landlords aver that the automatic stay imposes a
substantial burden upon the Landlords considering that they cannot
re-lease or sell the Properties because the Lease is currently
still in force, and the automatic stay prevents the Landlords from
terminating the Lease, and furthermore, the Landlords' prospect
Buyer will only acquire the Properties if it acquires the
Properties free and clear of the Lease.

The Landlords tell that they have suffered damages, and continue to
lose money until they can terminate the Lease and remove the Debtor
from the Properties, and the Debtor has not given the Landlords any
assurance from the Properties, and the Debtor has not given the
Landlords any assurance of future performance.

            Debtor Opposes Stay Relief

The Debtor argues that the Landlords have not suffered any damages
during the occupation of the Hospital inasmuch as the Landlords
have not sought to charge rent under the Lease since October 2015
so as to facilitate the preservation, maintenance, and security of
the assets of both the Debtor and the Landlords. In fact, the
Landlords and the Debtor have been working together to market and
sell the respective assets of their respective bankruptcy estates.


Further, the Debtor tell the Court that the Purchaser of the
Landlords' Real Estate has made arrangements to send an appraiser
to the Hospital to appraise the Debtor's Personal Property -- from
which they would develop their bid -- with the apparent intention
to purchase both the assets of the Debtor and the Real Estate and
to close such transactions contemporaneously or substantially
contemporaneously.

However, the Landlords are now rushing the sale process to close
their sale on the Real Estate, including seeking to lift the stay
and evict the Debtor, consequently leaving uncertainty and risk of
loss as to the value and marketability of the Personal Property,
all to the detriment of $9.2 million of secured claimants and the
$600,000 of priority unsecured claims held by employees.

Accordingly, the Debtor requests that the Court condition the
lifting of the automatic stay in favor of the Landlords with such
lift stay order providing such additional protective language to
address the real harm that would be suffered by all of the
Debtor’s creditors in this case if the stay will be lifted
without allowing the Debtor enough time for the sale of the
Personal Property to close contemporaneously with the sale of the
Real Estate.

                Secured Creditors Object

The Debtor's Secured Creditors, (a) Dallas County on behalf of
itself, the City of Dallas, the Parkland Hospital District, the
Community College District and the School Equalization Fund, (b)
Callidus Capital Corporation, (c) Med One Capital Funding, LLC,
including Med One Equipment Services, (d) Bank of the West, and (e)
Everbank Commercial Finance, Inc., assignee of General Electric
Capital Corporation, complain that the Landlords' requested relief
would result in uncertainty and risk of loss to the value and
marketability of the Debtor's personal property.

The Secured Creditors also complain that the Landlords' requested
relief may also cause the Debtor to incur expenses related to the
potential removal and storage of the Personal Property, decreasing
the potential value of the Personal Property -- detrimentially
affecting both the Debtor and its creditors.

According to the Secured Creditors, the best way to maximize a
return to the estate and its creditors is through a negotiated sale
of all of the Debtor's business property in place at the hospital,
and as such, the Court should prohibit removal and piecemeal
liquidation process would result in severe diminution of the value
of the personal property.

Thus, the Secured Creditors request that in the event the Motion
for Stay Relief is granted and/or the Landlords are permitted to
terminate the lease, take possession of the real property, or
control, use, or remove the Debtor's personal property, they should
also be provided immediate stay relief to take possession of their
respective collateral.

                   *     *     *

Honorable Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas, Sherman Division, finds that cause
exists to lift the automatic stay, ordered that the automatic stay
is lifted to allow the Landlords to terminate the OpCo Lease, with
such termination to be effective at the closing of the sale of the
Landlords’ assets to its Buyer and notice of same to be provided
contemporaneously to counsel for the Debtor and Dr. Genecov.

The relief set forth in the Agreed Order shall be supplemented by
the protections, benefits, and relief set forth in the Sale Order
approving the sale of the Landlords' Assets to the Buyer, to be
entered in the Landlords' bankruptcy cases consolidated under Case
No. 15-34814-SGJ, which Sale Order provides as follows:

   (a) Each of the Landlords and the Buyer separately agree and
stipulate that none of them shall initiate an eviction action
against the Debtor to terminate the Debtor’s limited use of the
premises subject to OpCo Lease for the purposes of storing the
Debtor’s assets that are located on, at, or attached to the
Premises as of the date of this Order at any time prior to the
expiration of thirty (30) days following the closing of the sale of
the Landlords’ assets to the Buyer.

   (b) The Debtor shall be bound to pay to the Buyer the per diem
fair market rental value for the storage of its personal property
assets, with such payment to be paid to the Buyer at the closing of
the sale of the Debtor’s assets as an administrative claim from
the sales proceeds (or as a credit against the purchase price if
Buyer purchases the assets of the Debtor).

   (c) The Buyer shall propose to the Debtor one or more acceptable
qualified appraisers, and the Debtor shall select an acceptable
appraiser from among such appraisers proposed by Buyer.

   (d) The Debtor shall be bound by the determination of such
appraiser selected as to the Fair Market Rent payable by the Debtor
to the Buyer, which terms may be reflected in the form of a new
storage lease consistent with the terms above, subject to notice
and a hearing and approval of the Court, and may be renewed upon
mutual agreement of the parties.

   (e) The Landlord or Buyer (as applicable) shall, upon
commencement, file a notice of evictionin this case, should any of
the Landlord or the Buyer initiate an eviction action against the
Debtor to terminate the Debtor's limited use of the Premises for
the purposes of storing the Debtor’s assets.

The Court further ordered that all secured creditors and lessors
with capitalized leases of personalty owned by the Debtor and
located at the Premises reserve any and all rights with respect to
their respective collateral or capitalized lease equipment.

Counsel for Forest Park Medical Center, LLC:

       Howard Marc Spector, Esq.
       SPECTOR & JOHNSON, PLLC
       12770 Coit Road, Suite 1100
       Dallas, Texas 75251
       Telephone: (214) 365-5377
       Facsimile: (214) 237-3380
       Email: hspector@spectorjohnson.com

Counsel for Forest Park Realty Partners III, LP and BT Forest Park
Realty Partners, LP:

       Melissa S. Hayward, Esq.
       Julian Vasek, Esq.
       FRANKLIN HAYWARD LLP
       10501 N. Central Expy, Ste. 106
       Dallas, Texas 75231
       Telephone: (972) 755-7100
       Facsimile: (972) 755-7110
       Email: MHayward@FranklinHayward.com
              JVasek@FranklinHayward.com

Attorneys for Dallas County:

       Laurie Spindler Huffman, Esq.
       LINEBARGER GOGGAN BLAIR & SAMPSON, LLP
       2777 N. Stemmons Fwy, Suite 1000
       Dallas, TX 75201
       Telephone: (214) 880-0089
       Direct: (469) 221-5125
       Facsimile: (469) 221-5002
       Email: laurie.huffman@lgbs.com

Counsel for Callidus Capital Corporation:

       Deborah M. Perry, Esq.
       Edward A. Clarkson, III, Esq.
       MUNSCH HARDT KOPF & HARR, P.C.
       500 N. Akard Street, Suite 3800
       Dallas, Texas 75201
       Telephone: (214) 855-7500
       Facsimile: (214) 855-7584
       Email: dperry@munsch.com
              eclarkson@munsch.com

       -- and --

       Doron Yitzchaki, Esq.
       DICKINSON WRIGHT PLLC
       350 S. Main Street, Suite 300
       Ann Arbor, Michigan 48104
       Telephone: (734) 623-1947
       Email: dyitzchaki@dickinsonwright.com

Counsel for Med One Capital Funding, LLC:

       David A. Walton, Esq.
       Ryan D. Starbird, Esq.
       BEIRNE, MAYNARD & PARSONS, LLP
       1700 Pacific Avenue, Suite 4400
       Dallas, Texas 75201
       Telephone: (214) 237-4300
       Facsimile: (214) 237-4340
       Email: dwalton@bmpllp.com
              rstarbird@bmpllp.com

Counsel for Bank of the West:

       J. Stephen Ravel, Esq.
       Diana L. Nichols, Esq.
       KELLY HART & HALLMAN LLP
       303 Colorado Street, Suite 2000
       Austin, TX 78701
       Telephone: (512) 495-6400
       Facsimile: (512) 495-6401
       Email: steve.ravel@kellyhart.com
              diana.nichols@kellyhart.com

       -- and --

       Katherine T. Hopkins, Esq.
       KELLY HART & HALLMAN LLP
       201 Main Street, Suite 2500
       Fort Worth, TX 76102
       Telephone: (817) 332-2500
       Facsimile: (817) 878-9280
       Email: katherine.hopkins@kellyhart.com

Everbank Commercial Finance, Inc.:

       Patrick M. Lynch, Esq.
       BEASLEY, HIGHTOWER & HARRIS, P.C.
       1601 Elm Street, Suite 4350
       Dallas, TX 75201
       Telephone: (214) 220-4700
       Telefax: (214) 220-4747
       Email: plynch@bhhlaw.com

                About Forest Park

Forest Park Medical Center, LLC, based in Dallas, Texas, sought
Chapter 11 bankruptcy protection (Bankr. E.D. Tex. Case No.
16-40302) on February 21, 2016.  The Debtor estimated $10 million
to $50 million in both assets and liabilities.  The petition was
signed by David Genecov, chairman of the Board of Managers. Howard
Marc Spector, Esq., at Spector & Johnson PLLC, serves as counsel to
the Debtor.


FOREST PARK MEDICAL: Must Reject Hospital Lease, Landlords Say
--------------------------------------------------------------
The Landlords, Forest Park Realty Partners III, LP, and BT Forest
Park Realty Partners, LP, file an objection to Forest Park Medical
Center LLC's motion for an extension of the deadline for assuming
or rejecting Leases.

According to the Landlords, they have received an offer from
Columbia Hospital at Medical City Dallas Subsidiary, LP, an
affiliate of HCA, Inc., to purchase the Properties, and the
Landlords wish to sell the Properties to HCA, who will only acquire
the Properties free and clear of the Lease.

Accordingly, the Landlords ask the Court to enter an order
compelling the Debtor to reject the Lease so that the Landlords may
proceed with the sale of the Properties.

Counsel for Forest Park Realty Partners III, LP and BT Forest Park
Realty Partners, LP:

       Melissa S. Hayward, Esq.
       Julian Vasek, Esq.
       FRANKLIN HAYWARD LLP
       10501 N. Central Expy, Ste. 106
       Dallas, Texas 75231
       Telephone: (972) 755-7100
       Facsimile: (972) 755-7110
       Email: MHayward@FranklinHayward.com
              JVasek@FranklinHayward.com

           About Forest Park

Forest Park Medical Center, LLC, based in Dallas, Texas, sought
Chapter 11 bankruptcy protection (Bankr. E.D. Tex. Case No.
16-40302) on February 21, 2016.  The Debtor estimated $10 million
to $50 million in both assets and liabilities.  The petition was
signed by David Genecov, chairman of the Board of Managers. Howard
Marc Spector, Esq., at Spector & Johnson PLLC, serves as counsel to
the Debtor.


GEORGE SHEDD: Court Narrows Shedd's Claims vs. Wells Fargo
----------------------------------------------------------
Judge William H. Steele of the United States District Court for the
Southern District of Alabama, Southern Division, granted Wells
Fargo Bank, N.A.'s motion for judgment on the pleadings as to two
counts of the Third Amended Complaint in the case captioned GEORGE
P. SHEDD, JR., et al., Plaintiffs, v. WELLS FARGO BANK, N.A., et
al., Defendants, Civil Action No. 14-0275-WS-M (S.D. Ala.).

On March 1, 2016, plaintiffs, George and Pamela Shedd, filed their
Third Amended and Supplemental Complaint against Wells Fargo,
Barclays Capital Real Estate, Inc., and Monument Street Funding,
II, LLC.  As alleged in the mortgage loan dispute, the Shedds
entered into a mortgage loan transaction in connection with the
purchase of a home in 1991, then subsequently fell behind on their
payments and filed for Chapter 11 bankruptcy protection.  The Third
Amended Complaint documents various alleged infirmities in the
handling of the Shedds' loan by defendants Wells Fargo (alleged to
be servicer of the loan), Barclays (alleged to have previously
serviced the loan) and Monument (alleged to be assignee of the
mortgage).

Wells Fargo sought judgment on the pleadings as to two counts of
the Third Amended Complaint, namely, Count Four (which sounds in a
theory of wantonness) and Count Sixteen (a statutory claim for
violation of the Fair Debt Collection Practices Act).

Judge Steele granted Wells Fargo's motion for judgment on the
pleadings and dismissed Counts Four and Sixteen with prejudice
because, after consideration of the pleadings, taking as true the
well-pleaded facts in the Third Amended Complaint, the Shedds'
allegations do not add up to a plausible claim for relief under
either a wantonness or a FDCPA theory.

A full-text copy of Judge Steele's June 13, 2016 order is available
at https://is.gd/S9wwem from Leagle.com.

George P. Shedd, Jr., Pamela J. Shedd are represented by:

          James E. Robertson, Jr., Esq.
          56 Saint Joseph Street, 10th Floor
          Mobile, AL 36602
          Tel: (251)433-1346

Barclays Capital Real Estate, Inc. is represented by:

          Gregory C. Cook, Esq.
          BALCH & BINGHAM LLP
          1901 Sixth Avenue North, Suite 1500
          Birmingham, AL 35203-4642
          Tel: (205)251-8100
          Fax: (205)226-8799
          Email: gcook@balch.com

            -- and --

          Griffin Lane Knight, Esq.
          John Wesley Naramore, Esq.
          BALCH & BINGHAM LLP
          105 Tallapoosa St., Suite 200
          Montgomery, AL 36104
          Tel: (334)834-6500
          Fax: (334)269-3115
          Email: lknight@balch.com
                 jnaramore@balch.com

Monumont Street Funding II, LLC, Wells Fargo Bank N.A. are
represented by:

          Catherine Crosby Long, Esq.
          D. Keith Andress, Esq.
          Jade Eleanor Sipes, Esq.
          BAKER, DONELSON, BEARMAN, CALDWELL & BERKOWITZ
          1400 Wells Fargo Tower
          420 20th Street North
          Birmingham, AL 35203
          Tel: (205)328-0480
          Fax: (205)322-8007
          Email: clong@bakerdonelson.com
                 kandress@bakerdonelson.com
                 jsipes@bakerdonelson.com

            -- and --

          W. Austin Mulherin, III, Esq.
          FRAZER, GREENE, UPCHURCH & BAKER LLC
          104 Saint Francis Street, Suite 800
          Mobile, AL 36602
          Tel: (251)431-6020
          Fax: (251)431-6030
          Email: wam@frazergreene.com


HARVEST OPERATIONS: S&P Raises CCR to 'CCC+', Outlook Negative
--------------------------------------------------------------
S&P Global Ratings raised its long-term corporate credit rating on
Calgary, Alta.-based Harvest Operations Corp. to 'CCC+' from 'SD'
(selective default).  The outlook is negative.  At the same time,
S&P Global Ratings assigned its 'AA-' issue-level rating to the
company's US$195.8 million, 2.33% senior unsecured notes maturing
April 2021, as the guarantee from parent company, Korea National
Oil Corp. (KNOC), satisfies S&P's criteria for credit substitution.
As such, S&P rates the new debt issue at the same level as KNOC's
existing senior unsecured debt.  S&P Global Ratings also raised its
senior unsecured debt rating on Harvest's remaining US$282.5
million, 6.875% notes maturing in 2017 to 'CCC' from 'D', and
revised the recovery rating on the notes to '5' from '4',
indicating S&P's expectation of modest (10%-30%; in the upper half
of the range) recovery in S&P's simulated default scenario.

"The ratings reflect our estimates of negative FFO generation
during our current forecast period, Harvest's significantly
constrained liquidity position, and the company's need for external
funding beyond the next 12 months to meet its financial
obligations and minimum maintenance capital spending requirements,"
said S&P Global Ratings credit analyst Michelle Dathorne.

The rating on the senior unsecured notes without a parental
guarantee reflects S&P's revised recovery estimates for holders of
these bonds under our simulated default scenario.

S&P views Harvest as moderately strategic to KNOC, lifting S&P's
anchor on the company one notch to 'ccc+'.  S&P includes these in
its analysis:

   -- Harvest is part of KNOC's North American portfolio and
      includes the latter's only oil sands steam-assisted gravity
      drainage assets KNOC has been supporting Harvest recently,
      mainly through intercompany loans and guarantees to debt
      issued at the Harvest level

The negative outlook reflects S&P's view of Harvest's diminished
liquidity and S&P's expectation that without any external funding
(asset sales or additional funding from KNOC), the company will be
unable to fund its required maintenance financing charges and its
minimum capital spending with its existing liquidity on hand beyond
the next twelve months.

S&P would lower the ratings if it expects Harvest's liquidity
position will not improve within that time, such that the company
is unable to meet its financial commitments, including its upstream
operations' capital expenditure requirements.  S&P might also
revise its assessment of Harvest's relationship to KNOC if in the
next few months KNOC fails to provide the liquidity Harvest needs
to bridge S&P's estimated spending shortfall.

S&P would revise the outlook to stable only if Harvest receives
sufficient financial support from KNOC.


HERCULES OFFSHORE: Claims Bar Date Set for July 12
--------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware set July 12,
2016, at 5:00 p.m. (prevailing Eastern Time) as deadline for
persons or entities to file proofs of claim against Hercules
Offshore Inc. and its debtor-affiliates.

Information regarding the claims process can be obtain by:

     a) calling the Debtors' restructuring hotline at (855)
628-7532 (domestic) or (917) 651-0320 (International);

     b) visiting the Debtors' restructuring website at
http://cases.primeclerk.com/herculesinfo;and

     c) writing to:

        Hercules Offshore Inc. (2016)
        Claims Processing Center
        c/o Prime Clerk LLC
        830 3rd Avenue, 3rd Floor
        New York, New York 10022

                      About Hercules Offshore

Hercules Offshore, Inc., and its debtor and non-debtor subsidiaries
are providers of shallow-water drilling and marine services to the
oil and natural gas exploration and production industry globally.

Hercules Offshore and 13 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Proposed Lead Case No.
16-11385) on June 5, 2016.  The petition was signed by Troy L.
Carson as vice president.

The Debtors listed total assets of $1.06 billion and total debts of
$521.37 million as of March 31, 2016.
  
The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as general
bankruptcy counsel, Morris, Nichols, Arsht & Tunnell LLP as
co-counsel, PJT Partners, Inc., as financial advisor, FTI
Consulting, Inc., as restructuring advisor, and Prime Clerk LLC as
claims, notice and balloting agent.


HERCULES OFFSHORE: Seeks to Hire Akin Gump as Co-Counsel
--------------------------------------------------------
Hercules Offshore, Inc. and its affiliates seek approval from the
U.S. Bankruptcy Court for the District of Delaware to hire Akin
Gump Strauss Hauer & Feld LLP as co-counsel.

The Debtor tapped the firm to:

     (a) give advice about their rights, powers and duties as
         debtors-in-possession;

     (b) advise the Debtors with respect to the conduct of the
         Chapter 11 cases, including all of the legal and
         administrative requirements in Chapter 11;

     (c) take actions to protect the Debtors' estates, including
         prosecuting actions on the Debtors’ behalf;

     (d) prepare legal papers;

     (e) assist the Debtors in obtaining court approval to use
         cash collateral;

     (f) advise the Debtors in connection with any potential sale
         of assets;

     (g) appear before the bankruptcy court and any other courts
         to represent the interests of the Debtors' estates;

     (h) advise the Debtors regarding tax matters;

     (i) attend meetings and represent the Debtors in negotiations

         with representatives of creditors and other parties;

     (j) take necessary actions to obtain approval of a Chapter 11

         plan.

Akin Gump's current hourly rates for matters related to the
bankruptcy cases are:

     Partners            $725 — $1,425  
     Counsel             $550 — $975
     Associates          $305 — $795  
     Paraprofessionals   $145 — $395

The current hourly rates for the Akin Gump attorneys with primary
responsibility for providing services to the Debtors are:

     Michael S. Stamer      Partner     $1,325
     David M. Zenksy        Partner     $1,100
     Philip C. Dublin       Partner     $1,175
     David H. Botter        Partner     $1,220
     Kevin M. Eide          Counsel       $825
     Catherine N. Eisenhut  Associate     $525

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

In response to the request for additional information set forth in
section D(1) of the Revised U.S. Trustee Guidelines, Akin Gump
disclosed that the hourly rates it charges the Debtors are
consistent with the rates that the firm charges other comparable
Chapter 11 clients.

Akin Gump also disclosed that it represented the Debtors during the
seven-month period prior to their bankruptcy filing, and that  the
firm expects to develop a prospective budget and staffing plan to
comply with the U.S. trustee's request for information and
additional disclosures.

The firm can be reached through:

     Michael S. Stamer
     Philip C. Dublin
     David H. Botter
     Akin Gump Strauss Hauer & Feld LLP
     One Bryant Park
     New York, New York 10036
     Telephone: (212) 872-1000
     Facsimile: (212) 872-1002

          - and -

     Kevin M. Eide
     Akin Gump Strauss Hauer & Feld LLP
     1333 New Hampshire Avenue, N.W.
     Washington, D.C. 20036
     Telephone: (202) 887-4000
     Facsimile: (202) 887-4288

                      About Hercules Offshore

Hercules Offshore, Inc., and its debtor and non-debtor subsidiaries
are providers of shallow-water drilling and marine services to the
oil and natural gas exploration and production industry globally.

Hercules Offshore and 13 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Proposed Lead Case No.
16-11385) on June 5, 2016.  The petition was signed by Troy L.
Carson as vice president.

The Debtors listed total assets of $1.06 billion and total debts of
$521.37 million as of March 31, 2016.
  
The Debtors have hired Morris, Nichols, Arsht & Tunnell LLP as
co-counsel, PJT Partners, Inc., as financial advisor, FTI
Consulting, Inc., as restructuring advisor, and Prime Clerk LLC as
claims, notice and balloting agent.


HERCULES OFFSHORE: U.S. Trustee Forms 3-Member Equity Committee
---------------------------------------------------------------
Andrew Vara, acting U.S. trustee for Region 3, on June 21 appointed
Archer Capital Management LP and two others to serve on the
committee of equity security holders in the Chapter 11 case of
Hercules Offshore, Inc.

The committee members are:

     (1) Archer Capital Management, LP
         Attn: Rob Sales
         570 Lexington Avenue, 40th Floor
         New York, NY 10022
         Phone: 212-314-2775
         Fax: 212-314-1033

     (2) Centerbridge Credit Partners Master Fund, LP
         Attn: 375 Park Avenue, 11th Floor
         New York, NY 10152
         Phone: 212-672-4644

     (3) Lawrence Callahan
         600 Ashmont Drive
         Olivette, MO 63132
         Phone: 314-726-5583
         Fax: 314-881-1868

                      About Hercules Offshore

Hercules Offshore, Inc., and its debtor and non-debtor subsidiaries
are providers of shallow-water drilling and marine services to the
oil and natural gas exploration and production industry globally.

Hercules Offshore and 13 of its subsidiaries each filed a Chapter
11 bankruptcy petition (Bankr. D. Del. Proposed Lead Case No.
16-11385) on June 5, 2016.  The petition was signed by Troy L.
Carson as vice president.

The Debtors listed total assets of $1.06 billion and total debts of
$521.37 million as of March 31, 2016.
  
The Debtors have hired Akin Gump Srauss Hauer & Feld LLP as general
bankruptcy counsel, Morris, Nichols, Arsht & Tunnell LLP as
co-counsel, PJT Partners, Inc., as financial advisor, FTI
Consulting, Inc., as restructuring advisor, and Prime Clerk LLC as
claims, notice and balloting agent.


HI-TEMP SPECIALITY: Files for Bankruptcy to Avert Liquidation
-------------------------------------------------------------
Faced with the potential disruption or shutdown of its business,
Hi-Temp Specialty Metals, Inc. had no choice but to seek protection
afforded by Chapter 11 of the Bankruptcy Code.

On June 22, 2016, Hi-Temp filed a voluntary petition in the U.S.
Bankruptcy Court for the Eastern District of New York.  The case is
assigned to Judge Louis A. Scarcella.  The petition, signed by
President and Chief Executive Officer Joseph Smokovich, estimates
assets in the range of $10 million to $50 million and liabilities
of up to $50 million.

The Company is currently in default under its credit agreement with
Wells Fargo Bank, N.A. dated as of July 16, 2010.  Pursuant to the
Credit Agreement, Wells Fargo provided the Debtor with a revolving
line of credit for working capital purposes and to facilitate the
issuance of letters of credit up to the maximum amount of $22.5
million.  As of the Petition Date, the aggregate outstanding
principal amount due Wells Fargo under the Credit Agreement is
approximately $13 million.

Since December 2014, the Debtor and Wells Fargo have entered into a
series of amendments and forbearance agreements to the Credit
Agreement.

"As a result of dramatic worldwide decrease in commodity prices,
Hi-Temp experienced a slump in profitability in fiscal year ending
2015 (May 31, 2015) and for the first time experienced a loss.  As
a result of weakness in the market, Hi-Temp failed to meet a
technical fixed charge coverage ratio and was declared in default
under the Credit Agreement," Mr. Smokovich stated.

According to Mr. Smokovich, notwithstanding efforts to transition
the Company back to profitability, Wells Fargo has materially
decreased availability under the line of credit by more than $7
million from historic levels.  Wells Fargo has requested additional
restrictions on access to financing and made known its preference
of a wind-down or liquidation of the Company.  Mr. Smokovich
believes that Wells Fargo's actions and demands are detrimental to
the viability of the Company's business and continued operations.

The Company has retained CohnReznick Capital Markets Securities,
LLC as investment banker to advise it with potential new lenders or
investors in connection with a new financing, capital contribution
or other strategic transaction.

"We believe that with access to a normal amount of capital through
internal sales, we can once again continue to service our customers
and satisfy the more than $20 million in backlogged sales that are
booked in our main product lines.  Based on this we believe that in
fiscal year 2017, sales will be in the $50 million range and we
will once again return to profitability,"  Mr. Smokovich
maintained.

Founded in 1982, Hi-Temp is a recycler and provider of specialty
recycled metals for the super alloy industry.  Hi-Temp is a
wholly-owned subsidiary of Hi-Temp Acquisition Corp., Inc.  Mr.
Smokovich owns 87% of HTAC common stock and the remaining 13% is
owned by Larry Stryker, a former employee.  Hi-Temp employs between
20-25 people.

The Company has engaged Diconza Traurig Kadish LLP as counsel.

The Company expects no interruption of service while it undergoes
its restructuring in Chapter 11.


HI-TEMP SPECIALTY: Case Summary & 30 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Hi-Temp Specialty Metals, Inc.
        355 County Road 101
        Yaphank, NY 11980

Case No.: 16-72767

Type of Business: Metal Recycler

Chapter 11 Petition Date: June 22, 2016

Court: United States Bankruptcy Court
       Eastern District of New York (Central Islip)

Judge: Hon. Louis A. Scarcella

Debtor's Counsel: Gerard DiConza, Esq.
                  Lance A. Schildkraut, Esq.
                  DICONZA TRAURIG KADISH LLP
                  630 Third Avenue
                  New York, NY 10017
                  Tel: (212) 682-4940
                  Fax: (212) 682-4942
                  E-mail: gdiconza@dtklawgroup.com
                          las@dtklawgroup.com

Debtor's          
Investment
Banker:           COHNREZNICK CAPITAL MARKET SECURITIES

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by Joseph Smokovich, president and CEO.

List of Debtor's 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
FIR Metal & Resource Co. LTD                             $605,000
Ocean Tower, 550 Yanan Road E
Shanghai China 200001

Dainen Malaysia SDN.                                     $556,662
BHD Suite 33, Level 15-1 Menara
1 Mont Kiara No. 1 Jalan Kiara,
Mont Kiara 50480
Kula Lumpur, Malaysia
Attn: Liu Haijing

Guangdong Zhiyuan                                        $492,000
New Material Co. Ltd
Room A 608, Winner Plaza No. 100,
Huangpu Rd. Guangzhou, 510627, China

LKAB Minerals 3407                                       $355,420
CHINA RESOURCES BUILDING 26
HARBOUR ROAD WANCHAI HONG KONG CHINA

Globe Metal 1545                                         $333,341
1 Avenue, C.P 89 Ville
Ste-Catherine, QC J5C 1C5
Canada Josh Lifshitz

HC Starck, Inc.                                          $280,378
450 Jay St Coldwater,
MI 49036 Mary Yeakey

Zhuzhou Cemented Carbide                                 $245,700
Works I&E Co. ZhuZhou,
Hunan China 412000

China National Nonferrous                                $244,000
Metals Imp. & Exp. Jianxi Co.,
Ltd. 20th Fl. Chunhe Bldg. 188
Torch St, Nanchang, China
ATTN: Manager of Dept. 1

Tosoh SMD Inc.                                           $210,873
3600 Gantz Road
Grove City, OH 43123

Jiangsu Fengfeng Tungsten &                              $190,000
Moly Products
668# Fengfeng Road
Dongtai 224200

Pentagon Technologies                                    $171,348
PO Box 24162 Seattle, WA
98124-1162

AMG Advanced                                             $140,000
Metallurgical Group N.V.
BR 383, km 94 Sao Joao del Rei,
MG 36.302-812
Brasil Sergio Hallak

VISHAY ISRAEL                                            $119,637
PO BOX 87 86100
DIMONA ISRAEL

Intel Resale Corp.                                        $67,794
Michelle Fenton
5000 W Chandler Blvd
Chandler, AZ 85225

NORRIS MCLAUGHLIN & MARCUS, PA                            $59,130
721 ROUTE 202-206 SUITE 200
P.O. BOX 5933 BRIDGEWATER,
NJ 08807-5933

B & R Mechanical, Inc.                                    $39,997
16 Sawgrass Drive
Suite 1 Bellport, NY 11713

Johns Manville                                            $36,085
6455 N Thornydale Road
Tucson, AZ 85741
Attn: Jennifer DeShazo

DenTech Incorporated                                      $35,573
1975 North Reading Road
Denver, PA 17517

American Express                                          $33,147
PO BOX 1270
NEWARK, NJ 07101-0114

ReedSmith LLP                                             $28,156
Three Logan Square
Suite 3100 1717
Arch Street Philadelphia, PA 19103

Evans Analytical Group LLC                                $21,132
C/O EAG INC.
PO Box 203544 Dallas, TX 75320-3544

CNA Insurance                                             $20,736
PO BOX 790094 St Louis, MO 63179-0094

PSE & G P. O.                                             $18,860
BOX 9039 Hicksville, NY 11802-9039

Johns Manville- Willows                                   $17,911
6455 N Thornydale Road
Tucson, AZ 85741 Attn: Jennifer DeShazo

UPS / UPS SCS                                             $17,457
Chicago 28013 Network Place
Chicago, IL 60673-1280

Veckridge Chemical Co. Inc.                               $16,889
60-70 Central Ave
So. Kearny, NJ 07032

Jay Hoehl Inc.                                            $14,654
3334 W. McDowell Rd.
#17 Phoenix, AZ 85009 Jay Hoehl

Environement & Safety Solutions, Inc.                     $13,999
120 Main St Suite 201 Highstown, NJ 08520

Calibre Group                                             $13,912
707 Grant Street,
Suite 2320 Pittsburgh, PA 15219

Protech Materials, Inc.                                   $12,765
Larry Liu 20919
Cabot Blvd Hayward, CA 94545 USA


IE TEST LLC: Wants Sept. 30 as Exclusive Plan Filing Deadline
-------------------------------------------------------------
IE Test, LLC, asks the Hon. Vincent F. Papalia of the U.S.
Bankruptcy Court for the District of New Jersey to extend the
exclusive periods of time within which only the Debtor may file a
plan of reorganization through Sept. 30, 2016, and the time within
which only the Debtor may solicit acceptances of the plan through
Nov. 28, 2016.

A hearing on the request is scheduled for July 12, 2016, at 10:00
a.m.

The current deadline within which only the Debtor may file a plan
of reorganization expires on July 20, 2016.

Upon the bankruptcy filing, the Debtor closed its pre-petition bank
accounts and opened new DIP bank accounts as required by the
Operating Guidelines of the U.S. Trustee's Office.  The Debtor
submitted voluminous documentation in connection with, and appeared
for, an initial Debtor interview with the U.S. Trustees Office.
The Debtor appeared for its scheduled meeting of creditors.  The
Debtor files its monthly operating reports timely.  The Debtor has
used the cash collateral of its secured creditors, PF Funding, LLC,
only pursuant to orders entered by the Court and in accordance with
budgets approved by the Court.  The Debtor has timely paid its
post-petition obligations.

The Debtor is current on its reporting to PF Funding and has been
in ongoing, active, communications with PF Funding about the
treatment of its secured claim under a plan of reorganization.

Pat Cupo, the sole member of the Debtor, said he has instructed the
Debtor's attorneys to begin drafting a plan of reorganization and
related disclosure statement.  "Notwithstanding, because of my busy
work schedule, and the fact that from time to time I have to be
sequestered at a customer who performs sensitive government
contract work which does not allow for any communications with me
during that period of time, it may be that the task of drafting,
executing, and filing the anticipated plan of reorganization and
related disclosure statement may not occur by the current
expiration of exclusivity," Mr. Cupo stated.

The Debtor's counsel can be reached at:

     RABINOWITZ, LUBETKIN & TULLY, LLC
     Jay L. Lubetkin, Esq.
     293 Eisenhower Parkway, Suite 100
     Livingston, NJ 07039
     Tel: (973) 597-9100
     E-mail: jlubetkin@rltlawfirm.com
     Website: www.rltlawfirm.com

Headquartered in Fairfield, New Jersey, IE Test, LLC, filed for
Chapter 11 bankruptcy protection (Bankr. D. N.J. Case No. 15-32425)
on Nov. 30, 2015, listing $1.09 million in total assets and $2.25
million in total liabilities.  The petition was signed by Patrick
Cupo.  Judge Vincent F. Papalia presides over the case.  Jay L.
Lubetkin, Esq., and Barry J. Roy, Esq., at Rabinowitz Lubetkin &
Tully, L.L.C., serve as the Debtor's bankruptcy counsel.


IMPAX LABORATORIES: Teva Deal Has No Impact on Moody's B1 Rating
----------------------------------------------------------------
Moody's commented that Impax Laboratories, Inc's acquisition of a
portfolio of generic products from Teva Pharmaceutical Industires
Ltd. and affiliates of Allergan plc for $586 million is credit
negative because it increases Impax's financial leverage. There is
no impact to Impax's B1 Corporate Family Rating or the stable
rating outlook, however the Ba1 rating on Impax's revolving credit
facility could be negatively impacted depending on the final
structure of the term loans.

Impax Laboratories, Inc., headquartered in Hayward, CA, is a
specialty generic and branded pharmaceutical producer operating in
the US. Over the twelve months ended March 31, 2016, Impax
generated $943 million of revenues.


INSTITUTE OF CARDIOVASCULAR: Taps Tracy Mabry as Special Counsel
----------------------------------------------------------------
Institute of Cardiovascular Excellence, PLLC seeks approval from
the U.S. Bankruptcy Court for the Middle District of Florida to
hire Tracy Mabry Law, PA.

The firm will serve as special counsel for the Debtor in connection
with multiple administrative appeals commenced prior to its
bankruptcy filing.  These include appeals by the Debtor of   the
termination of its Florida Medicaid numbers by the Florida Agency
for Health Care Administration.

The firm will also assist the Debtor in an investigation initiated
by the Florida Department of Health, Division of Medical Quality
Assurance in connection with the termination.

Tracy Mabry, Esq., will be paid $300 per hour for her services.
Aside from professional fees, she will also receive reimbursement
for work-related expenses.

In a court filing, Ms. Mabry disclosed that her firm does not hold
or represent any interest adverse to the Debtor's estate.

The firm can be reached through:

     Tracy Mabry, Esq.
     Tracy Mabry Law, PA
     1024 Parkwood Cove Court
     Gotha, FL 34734
     Phone: (407) 347-9988
     Email: tracymabrylaw.@gmail.com

                About Institute of Cardiovascular

Institute of Cardiovascular Excellence, PLLC, based in Ocala,
Florida, filed a Chapter 11 petition (Bankr. M.D. Fla. Case No.
16-01491) on April 20, 2016.  Aaron A Wernick, Esq., at Furr &
Cohen, PA, serves as counsel to the Debtor.  In its petition, the
Debtor estimated $0 to $50,000 in assets and $10 million to $50
million in liabilities.  The petition was signed by Asad Qamar,
manager.


IRON BRIDGE TOOLS: U.S. Trustee Forms 3-Member Committee
--------------------------------------------------------
Guy Gebhardt, acting U.S. trustee for Region 21, on June 21
appointed three creditors of Iron Bridge Tools, Inc., to serve on
the official committee of unsecured creditors.

The committee members are:

     (1) Bonnie Giourgas
         Southeast Computer Solutions, Inc.
         15165 NE 77th Ave., Suite 2019
         Miami, FL 33014
         Tel: 305-556-4697
         Fax: 305-825-2709
         Bonnie@southeastcomputers.com

     (2) Michael Block
         Finance Manager
         True Value Company
         7058 Snowdrift Rd
         Allentown, PA 18106
         Tel: 610-973-3234
         Fax: 610-398-3452
         Michael.Block@truevalue.com

     (3) Tony Kriz
         President
         Meridian International Co., Ltd
         A foreign (China) entity
         7442 S. Tuscon Way, #120
         Centennial, CO 80112
         Tele: 303-867-1537
         Fax: 303-867-1539
         Tony.kriz@meridianintl.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 Iron Bridge Tools

Iron Bridge Tools, Inc. sought protection under Chapter 11 of the
Bankruptcy Code in the Southern District of Florida (Fort
Lauderdale) (Case No. 16-17505) on May 25, 2016.  The petition was
signed by Glenn Robinson, president.  

The Debtor is represented by Craig A. Pugatch, Esq., at Rice
Pugatch Robinson Storfer & Cohen, PLLC.  The case is assigned to
Judge Raymond B. Ray.

The Debtor estimated assets of $1 million to $10 million and debts
of $10 million to $50 million.


JOHN MAVROUDIS: N.J. Court Junks Appeal from Property Sale
----------------------------------------------------------
The Superior Court of New Jersey, Appellate Division, ruled on the
appeals filed by the plaintiffs in the case captioned ANNE
MAVROUDIS and JOHN MAVROUDIS, Plaintiffs-Appellants, v. TANGIBLE
SECURED FUNDING INC., Defendant-Respondent, and THE SHERIFF OF
BERGEN COUNTY, Defendant. BENJAMIN A. STANZIALE, JR., trustee,
Intervenor-Respondent, Nos. A-1118-13T1, A-1941-13T1 (N.J. Super.
Ct. App. Div.).

Tangible Secured Funding, Inc., is the assignee of a judgment for
more than $2.5 million against John Mavroudis.  To collect on the
judgment, Tangible sought a sheriff's sale of the personal property
contained in the marital home.  John and Anne Mavroudis,  appealed
under docket number A-1941-13 from a November 19, 2013 final
judgment entered after a jury rejected their claim, filed pursuant
to N.J.S.A. 2A:17-29, to declare that Anne was the sole owner of
that property, which included a valuable Francis Picabia painting.
They also appealed from a December 18, 2013 post-judgment order to
turn over $1.3 million, the proceeds of the sale of the painting,
in partial satisfaction of the judgment.  In the related appeal,
A-1118-13, the plaintiffs challenged a November 1, 2013 order
finding them in contempt for violating two court orders and, as a
sanction, requiring them to pay $10,000 and defendant's counsel
fees and costs.  

The Superior Court dismissed John's appeal for lack of standing,
and affirmed entirely Anne's appeal of the declaratory judgment,
A-1941-13.  With regard to A-1118-13, the Superior Court affirmed
the imposition of counsel fees and reversed the $10,000 sanction
and remanded for further proceedings.

A full-text copy of the Court's June 14, 2016 order is available at
https://is.gd/WjGsmE from Leagle.com.

Appellants are represented by:

          Michael D. Camarinos, Esq.
          411 Hackensack Avenue, Suite 200
          Hackensack, NJ 07601

            -- and --

          Philip L. Guarino, Esq.
          MAVROUDIS & GUARINO, LLC
          19 W 52nd St
          New York, NY 10103
          Tel: (212)841-0500

Tangible Secured Funding, Inc. is represented by:

          Stephen Schnitzer, Esq.
          40 W. Northfield Rd.,
          Livingston, NJ 07039

            -- and --

          Mitchell D. Cohen, Esq.
          1633 Broadway, 47th Floor
          New York, NY 10019
          Tel: (212)407-6980
          Email: mcohen@vedderprice.com

            -- and --

          Arlene N. Gelman, Esq.
          222 North LaSalle Street
          Chicago, IL 60601
          Tel: (312)609-7833
          Email: agelman@vedderprice.com

Benjamin A. Stanziale, Jr. is represented by:

          Daniel R. Seaman, Esq.
          Michael P. Pasquale, Esq.
          MCCARTER & ENGLISH, LLP
          Four Gateway Center
          100 Mulberry St.
          Newark, NJ 07102
          Tel: (973)622-4444
          Fax: (973)624-7070
          Email: dseaman@mccarter.com
                 
          Scott H. Bernstein, Esq.
          100 Park Avenue, Suite 2000
          New York, NY 10017
          Tel: (212)812-4124
          Fax: (646)682-7180
          Email: sbernstein@stradley.com


JOHN R REED INC: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of John R. Reed, Inc.

John R. Reed, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. W. D. Tenn. Case No. 16-10902) on May 5,
2016.  The petition was signed by John R. Reed, president.

The case is assigned to Judge Jimmy L. Croom.

At the time of the filing, the Debtor estimated its assets at $1
million to $10 million and liabilities at $10 million to $50
million.


KESWICK REAL: U.S. Trustee Unable to Appoint Committee
------------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Keswick Real Estate LLC.

Keswick Real Estate LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D.N.Y. Case No. 16-72262) on May 20,
2016.  The petition was signed by Fredrick Olivieri, sole member.

The case is assigned to Judge Louis A. Scarcella.

At the time of the filing, the Debtor disclosed $1.30 million in
assets and $1.21 million in debts.


KIMBALL HILL: Frankenmuth Owes Hodsco Duty to Defend, Court Says
----------------------------------------------------------------
Judge Charles Ronald Norgle of the United States District Court,
Northern District of Illinois, Eastern Division, ruled on the
cross-motions for judgment on the pleadings filed by plaintiff
Frankenmuth Mutual Insurance Company and defendant Hodsco
Construction, Inc., in the case captioned FRANKENMUTH MUTUAL
INSURANCE COMPANY, a Michigan corporation, Plaintiff, v. HODSCO
CONSTRUCTION, INC., et al., Defendants. HODSCO CONTSTRUCTION, INC.,
Counter-Plaintiff, v. FRANKENMUTH MUTUAL INSURANCE COMPANY,
Counter-Defendant, Civil Action No. 15 CV 11029 (N.D. Ill.).  

Judge Norgle found that Frankenmuth does owe Hodsco a duty to
defend.

Several years after a residential development was built in
Glenview, Illinois, residents discovered water leaking into their
homes.  As a result, the condominium association, defendant Tower
Crossing Condominium Association (the "Association") sued several
contractors in state court, including Hodsco.  When Hodsco sought
to have its insurer, Frankenmuth provide its defense, Frankenmuth
filed an action, and sought a declaratory judgment that it does not
owe Hodsco a duty to defend.

Judge Norgle concluded that, as a matter of law, Frankenmuth owes
Hodsco a duty to defend in the state court litigation.
Specifically, the underlying complaint alleged an occurrence of
property damage -- that is, mold growth and sudden and calamitous
water accumulation due to Hodsco's defective construction of
various elements of Tower Crossing.  The judge found that aside
from the finding of prima facie coverage under their written
insurancy policy, the relevant exclusions do not apply.

Thus, Judge Norgle denied Frankenmuth's motion and granted the
Hodsco' cross motion.

A full-text copy of Judge Norgle's June 8, 2016 opinion and order
is available at https://is.gd/TqAHCw from Leagle.com.

Frankenmuth Mutual Insurance Company is represented by:

          John D. Dalton, Esq.
          Emily Rose Norris, Esq.
          BAUGH DALTON LLC
          135 S. LaSalle Suite 2100
          Chicago, IL 60603
          Tel: (312)759-1400
          Fax: (312)759-0402
          Email: jdalton@baughdaltonlaw.com
                 enorris@baughdaltonlaw.com

Hodsco Construction, Inc. is represented by:

          Kevin J. Kuhn, Esq.
          KUHN FIRM LLC
          227 N. Main Street
          Wauconda, IL 60084
          Tel: (847)416-2002
          Fax: (847)416-4798
          Email: kkuhn@kuhnfirm.com

Tower Crossing Condominium Association is represented by:

          David A. Howard, Esq.
          Michael J. Lotus, Esq.
          THE HOWARD LAW FIRM LLC
          307 N. Michigan Avenue, Suite 1214
          Tel: (312)372-7048
          Fax: (312)372-9239
          Email: dhoward@howardlawllc.com
                 mlotus@howardlawllc.com

                    About Kimball Hill

Headquartered in Rolling Meadow, Illinois, Kimball Hill Inc. --
http://www.kimballhillhomes.com/-- was one of the largest  
privately-owned homebuilders and one of the 30 largest
homebuilders in the United States, as measured by home deliveries
and revenues, before filing for bankruptcy.  The company operated
within 12 markets, including, among others, Chicago, Dallas, Fort
Worth, Houston, Las Vegas, Sacramento and Tampa, in five regions:
Florida, the Midwest, Nevada, the Pacific Coast and Texas.

Kimball Hill, Inc., and 29 of its affiliates filed for Chapter 11
protection on April 23, 2008 (Bankr. N.D. Ill. Lead Case No. 08-
10095).  Ray C. Schrock, Esq., at Kirkland & Ellis LLP, represents
the Debtors in their restructuring efforts.  The Debtors'
consolidated financial condition as of Dec. 31, 2007, reflected
total assets of $795,473,000 and total debts $631,867,000.

Kimball Hill filed a Chapter 11 plan of liquidation on Dec. 2,
2008, which provides for the winding down of the Debtors' business
through a liquidation trust.  With the support of the official
committee of unsecured creditors and the company's senior lenders
(estimated to recover 37% to 48% of their claims), the plan was
confirmed on March 12, 2009, and took effect 12 days later.  U.S.
Bank National Association was appointed as trustee for the
Liquidation Trust.


LEASEWAY MOTORCAR: Penske Not Liable for Withdrawal, Court Says
---------------------------------------------------------------
Judge J. Frederick Motz of the United States District Court for the
District of Maryland denied the motion for summary judgment filed
by the Freight Drivers and Helpers Local Union No. 557 Pension Fund
and granted the cross-motion for summary judgment filed by Penske
Logistics LLC and Penske Truck Leasing Co., L.P., in the case
styled FREIGHT DRIVERS AND HELPERS LOCAL UNION NO. 557 PENSION
FUND, by its Plan Sponsor, The Joint Board of Trustees, v. PENSKE
LOGISTICS LLC, et al. , Civil No. JFM-12-2376 (D. Md.).

The action arose under the Employment Retirement Income Security
Act of 1974, as amended by the Multiemployer Pension Plan
Amendments Act of 1980.  The Fund sought to vacate an arbitration
order dismissing its claim for the imposition of withdrawal
liability against Penske.

Judge Motz found that the arbitrator correctly determined that the
trucking industry exception applies in this case, and thus that
Penske cannot be held responsible for Leaseway Motorcar Transport
Company's complete withdrawal on that basis.

A full-text copy of Judge Motz's June 15, 2016 memorandum is
available at https://is.gd/FoHoX9 from Leagle.com.

Freight Drivers and Helpers Local Union No. 557 Pension Fund is
represented by:

          Brian G Esders, Esq.
          Corey Smith Bott, Esq.
          Paul Douglas Starr, Esq.
          ABATO RUBENSTEIN AND ABATO PA
          809 Gleneagles Court Suite 320
          Baltimore, MD 21286
          Tel: (410)321-0990
          Fax: (410)321-1419
          Email: besders@abato.com
                 csbott@abato.com
                 pstarr@abato.com

Penske Logistics LLC, Penske Truck Leasing Co., L.P. are
represented by:

          Brian Coleman, Esq.
          David Robert Levin, Esq.
          DRINKER BIDDLE & REATH LLP
          1500 K Street, N.W., Ste. 1100
          Washington, DC 20005-1209
          Tel: (202)842-8800
          Fax: (202)842-8465
          Email: brian.coleman@dbr.com
                 david.levin@dbr.com

            -- and --

          Mark E Furlane, Esq.
          DRINKER BIDDLE & REATH LLP
          191 N. Wacker Dr., Ste. 3700
          Chicago, IL 60606-1698
          Tel: (312)569-1000
          Fax: (312)569-3000
          Email: mark.furlane@dbr.com

            -- and --

          Stephen Jerome Wallace, Esq.
          NIXON PEABODY LLP
          799 9th Street NW, Suite 500
          Washington, DC 20001-4501
          Tel: (202)585-8000
          Fax: (202)585-8080
          Email: swallace@nixonpeabody.com


LIFE PARTNERS: Susan Hersh Represents Small Individual Investors
----------------------------------------------------------------
Susan B. Hersh P.C., counsel for a number of individual investor
creditors, collectively referred to as the Small Individual
Investors Group in the Chapter 11 bankruptcy case of Life Partners
Holdings, Inc., filed with the U.S. Bankruptcy Court for the
Northern District of Texas a Verified Statement under Federal Rule
of Bankruptcy Procedure 2019 of its representation of multiple
investors.

Each of the clients purchased fractional interests in various life
insurance policies, the sale of which was facilitated by Life
Partners, Inc., or purchased one or more promissory notes, through
their retirement accounts, which Notes are secured by fractional
interests in Policies, and which purchase was facilitated by LPI.

In the Debtor's bankruptcy case, the clients oppose any and all
claims that the Policies are property of the LPI and have engaged
the Firm to represent them, generally, to advance their common
interests in the assertion of their ownership rights in the
Policies and to assist the client in filing a proof of claim,
and/or seeking an enlargement of the Bar Date to allow the filing
of their proofs of claim to be considered timely.

The address of each of the clients and the amount of their
investment in Notes or Policies, as of the Petition Date, are
identified on their proofs of claim filed in the LPI case, and
incorporated by reference, or can be made available upon request,
and which information is available to LPI from its business
records.  Further, the address of each of the clients is identified
on the LPI Schedule F and matrix of creditors, incorporated by
reference.

Each of the clients acquired its interests in the Policies more
than one year prior to LPI's filing for Chapter 11.

Each of the clients has signed an engagement letter, with a
conflict waiver acknowledging the multiple client representation,
which, if requested, could be made available to the Court for an en
camera review if the Court deems the submission necessary;
otherwise, a copy of the unsigned engagement letter, with some
redactions to preserve attorney-client communications can be
provided to requesting parties to comply with Rule 2019(c)(4)
Fed.R.Bankr.P.  

The clients may hold claims against LPI or one of the related
debtor entities.  The Firm continues to investigate the extent of
any claims.  This Statement does not constitute an exhaustive or
complete statement of all claims, interests, liens, agreements,
rights and remedies of each client.

The Firm does not own or hold any claims against any of the
Debtors.

A list of the members of the Small Individual Investors Group is
available at:

      http://bankrupt.com/misc/LIFEPARTNERS_2504_rule2019.pdf

The Counsel for the Small Individual Investors Group can be reached
at:

     SUSAN B. HERSH, P.C.
     Susan B. Hersh, Esq.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Tel: (972) 503-7070
     Fax: (972) 503-7077
     E-mail: susan@susanbhershpc.com

                  About Life Partners Holdings

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.


LIVE WELL: U.S. Trustee Unable to Appoint Committee
---------------------------------------------------
The Office of the U.S. Trustee disclosed in a court filing that no
official committee of unsecured creditors has been appointed in the
Chapter 11 case of Live Well Medical Centers Orlando, LLC.

Live Well Medical Centers Orlando, LLC, sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
16-03171) on May 12, 2016.  The Debtor is represented by Thomas C.
Adam, Esq., at Adam Law Group, P.A.


LOUISIANA PELLETS: Can Enter Into Mgmt. Deal With German Pellets
----------------------------------------------------------------
The Hon. Robert Summerhays of the U.S. Bankruptcy Court for the
Western District of Louisiana authorized Louisiana Pellets, Inc.,
and German Pellets Louisiana, LLC, to enter into a management
services agreement, nunc pro tunc to May 1, 2016, with a term
through August 31, 2016.  The Debtors are authorized and directed
to perform their obligations under the Management Agreement pending
a final hearing on the Motion.

In order to provide for management services commencing on September
1, 2016, and continuing thereafter, Judge Summerhays directed the
Debtors that, in consultation with the Official Committee of
Unsecured Creditors and the Bond Trustee:

   (a) by June 17, 2016, develop a draft Requests for Proposals
       document for management services;

   (b) by June 24, 2016, circulate the RFP to potential
       candidates to provide management services, in addition to
       German Pellets GmbH;

   (c) set a bid deadline of July 22, 2015, for Candidates to
       submit RFP responses;

   (d) review RFP responses and select, in the Debtors' business
       judgment and in consultation with the Committee and Bond
       Trustee, a Candidate to provide management services
       commencing on September 1, 2016 and continuing thereafter;
       and

   (e) file a motion for Court approval of such management
       services to be provided, with sufficient time to be heard
       by the Court in advance of September 1, 2016.

Notwithstanding anything in the Order to the contrary, payments
made by the Debtors pursuant to the authority granted in the Order
must be in compliance with, and will be subject to, the
requirements imposed on the Debtors under that certain final order
authorizing the Debtors to obtain postpetition financing.

The Management Agreement provides that as compensation for the
Services provided by Management Company the Debtors will pay a fee
equal to $38,500 per week, plus reimbursement of actual, reasonable
out-of-pocket expenses not to exceed $28,500 per month (unless a
variance is granted by the Bankruptcy Court after notice and
hearing), subject to a 1% increase on each annual anniversary of
the Effective Date of the Agreement.

The Management Agreement will be in effect for an initial term
commencing as of May 1, 2016, continuing for a period four months,
expiring on August 31, 2016.  The Debtors will have the right to
terminate the Agreement upon five days' notice in the event that
Management Company (i) materially fails to provide the Services, or
(ii) commits grossly negligent or intentional misconduct in
connection with performing the Services.

                     About Louisiana Pellets

Louisiana Pellets, Inc and German Pellets Louisiana, LLC are
members of the "German Pellets" family of companies, which is a
family of related companies centered in Wismar, Germany, operating
in the wood pellets industry.

LPI owns a wood pellet production facility located on 334 acres of
land in Urania, Louisiana.  The Facility is still under
construction and is not yet fully complete or operational.  GPLA is
the general contractor for construction of the Facility.  A
contract is in place with E.ON UK PLC (a United Kingdom utility
company) to purchase the wood pellet production from the Facility.

LPI and PLA sought Chapter 11 protection (Bankr. W.D. La., Lead
Case No. 16-80162) on Feb. 18, 2016, due to cost overruns and
delays in the course of construction of their still-to-be-completed
wood pellet production facility.  The petitions were signed by
Anna-Kathrin Leibold, president and chief executive officer.  The
Hon. John W. Kolwe presides over the case.

Louisiana Pellets, Inc., estimated assets and debts at $100 million
to $500 million.  German Pellets estimated assets and debts at $50
million to $100 million.

The Debtors tapped Locke Lord LLP, as counsel.

                         *     *     *

According to the docket, the Debtor's Chapter 11 plan and
Disclosure Statement are due June 17, 2016.  A status conference
hearing is scheduled for July 6, 2016, at 9:30 a.m.


LOUISIANA PELLETS: Court Sets August 16 as Claims Bar Date
----------------------------------------------------------
The U.S. Bankruptcy Court for the Western District of Louisiana
sets August 16, 2016, as the last day to file proof of claim in the
bankruptcy cases of Louisiana Pellets, Inc., and German Pellets
Louisiana, LLC.

                     About Louisiana Pellets

Louisiana Pellets, Inc and German Pellets Louisiana, LLC are
members of the "German Pellets" family of companies, which is a
family of related companies centered in Wismar, Germany, operating
in the wood pellets industry.

LPI owns a wood pellet production facility located on 334 acres of
land in Urania, Louisiana.  The Facility is still under
construction and is not yet fully complete or operational.  GPLA is
the general contractor for construction of the Facility.  A
contract is in place with E.ON UK PLC (a United Kingdom utility
company) to purchase the wood pellet production from the Facility.

LPI and PLA sought Chapter 11 protection (Bankr. W.D. La., Lead
Case No. 16-80162) on Feb. 18, 2016, due to cost overruns and
delays in the course of construction of their still-to-be-completed
wood pellet production facility.  The petitions were signed by
Anna-Kathrin Leibold, president and chief executive officer.  The
Hon. John W. Kolwe presides over the case.

Louisiana Pellets, Inc., estimated assets and debts at $100 million
to $500 million.  German Pellets estimated assets and debts at $50
million to $100 million.

The Debtors tapped Locke Lord LLP, as counsel.

                         *     *     *

According to the docket, the Debtor's Chapter 11 plan and
Disclosure Statement are due June 17, 2016.  A status conference
hearing is scheduled for July 6, 2016, at 9:30 a.m.


LOUISIANA PELLETS: Lists $442-Mil. in Real, Personal Properties
---------------------------------------------------------------
Louisiana Pellets, Inc., one of the Debtors in the bankruptcy cases
of Louisiana Pellets, Inc., et al., filed with the U.S. Bankruptcy
Court for the Western District of Louisiana its schedules of
assets, disclosing:

       Name of Schedule              Assets
       ----------------           ------------
    A. Real Property              $158,302,046
    B. Personal Property          $283,771,430
                                  ------------
          Total                   $442,073,476

A copy of the schedules is available for free at:

          http://bankrupt.com/misc/lawb16-80162-333.pdf

                     About Louisiana Pellets

Louisiana Pellets, Inc and German Pellets Louisiana, LLC are
members of the "German Pellets" family of companies, which is a
family of related companies centered in Wismar, Germany, operating
in the wood pellets industry.

LPI owns a wood pellet production facility located on 334 acres of
land in Urania, Louisiana.  The Facility is still under
construction and is not yet fully complete or operational.  GPLA is
the general contractor for construction of the Facility.  A
contract is in place with E.ON UK PLC (a United Kingdom utility
company) to purchase the wood pellet production from the Facility.

LPI and PLA sought Chapter 11 protection (Bankr. W.D. La., Lead
Case No. 16-80162) on Feb. 18, 2016, due to cost overruns and
delays in the course of construction of their still-to-be-completed
wood pellet production facility.  The petitions were signed by
Anna-Kathrin Leibold, president and chief executive officer.  The
Hon. John W. Kolwe presides over the case.

Louisiana Pellets, Inc., estimated assets and debts at $100 million
to $500 million.  German Pellets estimated assets and debts at $50
million to $100 million.

The Debtors tapped Locke Lord LLP, as counsel.

                         *     *     *

According to the docket, the Debtor's Chapter 11 plan and
Disclosure Statement are due June 17, 2016.  A status conference
hearing is scheduled for July 6, 2016, at 9:30 a.m.


LOUNGE22: Suit vs CORT Transferred to Nevada
--------------------------------------------
Judge Otis D. Wright, II, of the United States District Court for
the Central District of California granted CORT Business Services
Corporation's motion to transfer to the district of Nevada the case
captioned ELEVEN23 MARKETING, LCC and ARMEN GHARABEGIAN,
Plaintiffs, v. CORT BUSINESS SERVICES CORPORATION, Defendant, Case
No. 2:16-cv-00167-ODW(Ex) (C.D. Cal.).  CORT's motion to dismiss
was denied as moot.

Eleven23 Marketing, LLC and Armen Gharabegian filed the complaint
against CORT, alleging breach of contract, trademark infringement,
trademark dilution, and unfair competition and false advertising.

A full-text copy of Judge Wright's June 10, 2016 order is available
at https://is.gd/79A8id from Leagle.com.

Eleven23 Marketing, LLC, Armen Gharabegian are represented by:

          Richard M. Foster, Esq.
          LAW OFFICES OF RICHARD M. FOSTER
          5429 Cahuenga Boulevard
          North Hollywood, CA 91601
          Tel: (818)508-1500
          Fax: (818)508-1529

CORT Business Services Corporation is represented by:

          Cyndie M Chang, Esq.
          Daniel B Heidtke, Esq.
          DUANE MORRIS LLP
          865 South Figueroa Street, Suite 3100
          Los Angeles, CA 90017-5450
          Tel: (213)689-7400
          Fax: (213)689-7401
          Email: cmchang@duanemorris.com
                 dbheidtke@duanemorris.com

            -- and --

          Adam C. Keating, Esq.
          Alice Snedeker, Esq.
          Joseph A. Ciucci, Esq.
          Kelly L. Whitehart, Esq.
          DUANE MORRIS LLP
          1075 Peachtree Street NE, Suite 2000
          Atlanta, GA 30309-3929
          Tel: (404)253-6900
          Fax: (404)253-6901
          Email: akeating@duanemorris.com
                 aesnedeker@duanemorris.com
                 ciucci@duanemorris.com
                 klwhitehart@duanemorris.com


MAX EXPRESS: Committee Taps Levene Neale as Legal Counsel
---------------------------------------------------------
The official committee of unsecured creditors of Max Express, Inc.
seeks approval from the U.S. Bankruptcy Court for the Central
District of California to hire Levene, Neale, Bender, Yoo & Brill
L.L.P. as its legal counsel.

The committee tapped the firm to:

     (a) give advice about the requirements of the court and the ,

         bankruptcy laws;

     (b) advise the committee about the rights, claims and
         interests of creditors;

     (c) represent the committee in any proceeding or hearing in
         the bankruptcy court involving the Debtor's estate;

     (d) conduct all services related to adversary proceedings
         except to the extent that any such proceeding is in an
         area outside of Levene's role or expertise;

     (e) prepare legal papers;

     (f) assist the committee in evaluating any sale or other
         disposition of assets;

     (g) assist the committee in evaluating the existence of any
         assets or causes of action to pursue; and

     (h) assist the committee with respect to any plan of
         reorganization.

Daniel Reiss, Esq., a partner at Levene, will be the primary
attorney responsible for the representation of the committee.  His
current hourly rate is $575.

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

The firm can be reached through:

     Daniel H. Reiss
     Levene, Neale, Bender, Yoo & Brill L.L.P.
     10250 Constellation Boulevard, Suite 1700
     Los Angeles, CA 90067
     Telephone: (310) 229-1234
     Facsimile: (310) 229-1244
     E-mail: dhr@LNBYB.com

                        About Max Express

Max Express, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 16-14868) on April 15,
2016.  The petition was signed by Richard Mo, secretary.  The case
is assigned to Judge Deborah J. Saltzman.  The Debtor estimated
both assets and liabilities in the range of $1 million to $10
million.


MAXUS ENERGY: Bankruptcy Deal Faces Opposition from OxyChem
-----------------------------------------------------------
Patrick Fitzgerald, writing for Daily Bankruptcy Review, reported
that Maxus Energy Corp.'s deal with its corporate parent, YPF SA,
over who is on the hook for the cleanup of New Jersey's
contaminated Passaic River hit a hurdle Monday in bankruptcy
court.

According to the report, Occidental Chemical Corp., Occidental
Petroleum Corp.'s chemical subsidiary also known as OxyChem, is
balking at Maxus's proposed environmental settlement with YPF and
the subsequent bankruptcy filing.  At issue is a deal that calls
for YPF to provide Maxus with $130 million in return for Maxus
dropping any "alter ego" claims it may have against its parent for
cleaning up the river, the report related.

Maxus filed for bankruptcy Friday evening, days before OxyChem was
slated to head to court in New Jersey over litigation seeking to
put YPF on the hook for Maxus's environmental obligations, the
report noted.  OxyChem purchased part of Maxus's business in 1986,
while YPF, which is Argentina's state-run oil company, bought Maxus
Energy Corp. in 1995, the report said.

Maxus Energy Corporation (Bankr. D. Del., Case No. 16-11501) and
four of its subsidiaries filed voluntary petitions for
reorganization under Chapter 11 in the U.S. Bankruptcy Court for
the District of Delaware on June 17, 2016.  The Debtors intend to
use the breathing spell afforded by the Bankruptcy Code to decide
whether their existing environmental remediation operations and oil
and gas operations can be restructured as a sustainable,
stand-alone enterprise.

The Debtors have engaged Young Conaway Stargatt & Taylor, LLP as
local counsel, Morrison & Foerster LLP as general bankruptcy
counsel, Zolfo Cooper, LLC as financial advisor and Prime Clerk
LLC
as claims and noticing agent, all are subject to the Bankruptcy
Court's approval.


MAXUS ENERGY: Meeting to Form Creditors' Panel Set for June 27
--------------------------------------------------------------
Andy Vara, Acting United States Trustee for Region 3, will hold an
organizational meeting on June 27, 2016, at 10:00 a.m. in the
bankruptcy case of Maxus Energy Corporation, et al.

The meeting will be held at:

         J. Caleb Boggs Federal Building
         844 King St., Ste. 2207
         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.


MC FLATBED: Wants Exclusive Solicitation Deadline Moved to Oct. 22
------------------------------------------------------------------
MC Flatbed and Towing Service Inc. fdba Hookin and Bookin
Transportation, Inc., asks the U.S. Bankruptcy Court for the
Western District of New York to extend to Oct. 22, 2016, the time
to confirm its reorganization plan and approve its disclosure
statement.

The Debtor believes the plan will not be confirmed within 45 days
from May 8, 2016, the date the Debtor's first Chapter 11 Plan and
Disclosure Statement were filed.

The Debtor says that an extension of the 45-day deadline to Oct. 22
will allow sufficient time for Debtor to make the amendments
necessary to obtain confirmation.  The Debtor does not believe
creditors will be adversely impacted by an extension of time.  On
the contrary, it will allow Debtor the opportunity to negotiate
terms more favorable to key creditors prior to amending the plan
accordingly.

The Debtor's counsel can be reached at:

     Thomas Denny, Esq.
     Law Office of Thomas Denny
     331 Alberta Drive, Suite 214
     Amherst, NY 14226
     Tel: (716) 800-1234
     Fax: (716) 408-3413
     E-mail: tomdennylaw@aol.com

MC Flatbed and Towing Service Inc. filed for Chapter 11 bankruptcy
protection (Bankr. W.D.N.Y. Case No. 15-11561) on July 22, 2015.
Thomas Denny, Esq., at the Law Office of Thomas Denny serves as the
Debtor's bankruptcy counsel.


MIDSTATES PETROLEUM: Committee Taps Berkeley as Financial Advisor
-----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Midstates
Petroleum Company, Inc., et al., seeks authority from the U.S.
Bankruptcy Court for the Southern District of Texas to retain
Berkeley Research Group, LLC as financial advisor to the Committee,
nunc pro tunc to May 18, 2016.

The Committee requires Berkeley to:

   a. advise and assist the Committee in its analysis and
      monitoring of the Debtors' historical, current and
      projected financial affairs, including schedules of assets
      and liabilities and statement of financial affairs;

   b. advise and assist the Committee with respect to the use of
      cash collateral and unencumbered cash including segregation
      of cash as of the Petition Date and evaluation of the
      Debtors' proposed post-petition cash tracking protocol and
      monitoring thereof;

   c. review and provide analysis of any motion by the Debtors to
      use cash collateral or obtain DIP financing and objections
      by the Committee thereto;

   d. monitor and trace as necessary, cash receipts and
      disbursements to the appropriate source/asset and advise
      the Committee on issues related to the tracking of cash and
      tracing as necessary;

   e. review the Debtors' 13-week cash flow forecast and
      underlying support and scrutinize cash receipts and
      disbursements on an on-going basis;

   f. review the proposed payments of pre-petition expenses by
      the Debtors and perform procedures to ensure that the
      payments are appropriate;

   g. develop a periodic monitoring report to enable the
      Committee to effectively evaluate the Debtors' performance
      and operating activities on an ongoing basis;

   h. advise and assist the Committee and counsel in reviewing
      and evaluating any court motions, applications, or other
      forms of relief filed or to be filed by the Debtors, or any
      other parties-in-interest, with respect to services
      requested;

   i. as needed, prepare alternative business projections of the
      Debtors' businesses;

   j. evaluate the value of the Debtors' hydrocarbon reserves and
      undeveloped acreage as appropriate;

   k. develop strategies to maximize recoveries from the Debtors'
      assets and advise and assist the Committee with respect to
      such strategies;

   l. evaluate any asset sales proposed by the Debtors;

   m. monitor the Debtors' claims management process, analyze
      claims including guarantee claims, priority claims and
      potential deficiency claims and summarize claims by entity;

   n. advise and assist the Committee in identifying and/or
      reviewing any prepetition asset sales or other pre-petition
      transactions, preference payments, illegal dividends,
      preferential transfers, fraudulent conveyances, and other
      potential causes of action that the Debtors' estates may
      hold against insiders and/or third parties;

   o. analyze the Debtors' and non-Debtor affiliates' assets and
      analyze potential recoveries to creditor constituencies
      under various scenarios and prepare the associated recovery
      waterfalls;

   p. review and provide analysis of any plan of reorganization
      and disclosure statement relating to the Debtors including,
      if applicable, the development and analysis of any plan of
      reorganization proposed by the Committee;

   q. advise and assist the Committee in its assessment of the
      Debtors' employee needs and related costs including
      evaluation of any proposed KERP or KEIP plans;

   r. analyze intercompany and/or related party transactions of
      the Debtors;

   s. advise and assist the Committee in the evaluation of the
      Debtors' contractual arrangements;

   t. attend Committee meetings, court hearings, and auctions as
      may be required;

   u. assist the Committee in the evaluation of the tax impact of
      any proposed transaction;

   v. render such other general business consulting or assistance
      as the Committee or its counsel may deem necessary,
      consistent with the role of a financial advisor;

   w. perform other potential services, including: preparing
      litigation, valuation and forensic analyses that have not
      yet been identified but as may be requested from time to
      time by the Committee and its counsel; and

   x. provide any needed testimony in connection with any of the
      foregoing.

Berkeley will be paid at these hourly rates:

     Christopher Kearns               $940
     Adrian Reed                      $775
     Norman Haslun                    $675
     Jeffrey Dunn                     $675
     Jun Song                         $625
     Brittany Ferro                   $375
     Carolyn Passaro                  $325
     Managing Director                $650-$940
     Director                         $450-$675
     Professional Staff               $275-$450
     Support Staff                    $125-$250

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

Christopher J. Kearns, managing director and a member of Berkeley
Research Group, 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.

Berkeley can be reached at:

     Christopher J. Kearns
     BERKELEY RESEARCH GROUP, LLC
     810 Seventh Avenue, Suite 4100
     New York, NY 10019
     Tel: (212) 782-1409
     E-mail: ckearns@thinkbrg.com

                    About Midstates Petroleum Company

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

Midstates Petroleum Company, Inc. and Midstates Petroleum Company
LLC filed separate Chapter 11 petitions (Bankr. S.D. Tex. Case Nos.
16-32237 and 16-32238) on April 30, 2016. Judge David R Jones
presides over the case. Kurtzman Carson Consultants LLC serves as
claims and noticing agent.

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

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

The Office of the U.S. Trustee on May 12, 2016, appointed three
creditors to serve on the official committee of unsecured
creditors.


MIZU JAPANESE: Hires Kit Sun as Accountant
------------------------------------------
Mizu Japanese Seafood Buffet, Inc. seeks authorization from the
U.S. Bankruptcy Court for the Eastern District of California to
employ Kit Sun as accountant, nunc pro tunc to October 4, 2014.

The Debtor requires Ms. Sun to:

   (a) review financial information for filing Monthly Operating
       Reports throughout the case;

   (b) compute tax liabilities for the Internal Revenue Service,
       Franchise Tax Board, Board of Equalization and Employment
       Development Department;

   (c) calculate shareholder wages and dividend draws;

   (d) assist in preparation of reports in support of Plan of
       Reorganization and confirmation; and

   (e) prepare tax returns for the estate.

The Debtor and Ms. Sun propose that compensation be on an hourly
basis. Ms. Sun's hourly date is $200 per hour. Sun and Associates
did not receive a pre-petition retainer.

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

Kit Sun, principal of Sun and 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.

Mizu Japanese Seafood Buffet, Inc. filed a Chapter 11 petition
(Bankr. E.D. Cal. Case No. 14-29231) on Sept. 15, 2014, listing
under $500,000 in assets and under $1 million in liabilities.
Judge Ronald H. Sargis presides over the case.

According to its petition, the Debtor is represented by:

     Stephen M. Reynolds, Esq.
     424 2nd St #A
     Davis, CA 95616
     Tel: (530) 297-5030


MOBILEDIRECT INC: Taps Church Harris as Legal Counsel
-----------------------------------------------------
MobileDirect Inc. seeks approval from the U.S. Bankruptcy Court for
the District of Montana to hire Church, Harris, Johnson and
Williams, P.C.

The Debtor tapped the firm to provide legal services in connection
with its Chapter 11 case.

The attorney and paralegals who are anticipated to assist the
Debtor during its bankruptcy and their hourly rates are:

     Steve Johnson      Attorney     $300
     Eileen Dolphay     Paralegal    $110
     Lynette D. Lee     Paralegal    $105

Mr. Johnson disclosed in a court filing that he and his firm are
"disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Steve M. Johnson, Esq.      
     Church, Harris, Johnson and Williams, P.C.
     114 3rd Street South
     P. O. Box 1645
     Great Falls, Montana 59403-1645
     Telephone: (406) 761-3000
     Facsimile: (406) 453-2313
     Email: sjohnson@chjw.com

                        About MobileDirect Inc.

MobileDirect Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D. Mont. Case No. 16-60596) on June 13,
2016.


MOBIVITY HOLDINGS: Has Resale Prospectus of 27.9M Common Shares
---------------------------------------------------------------
Mobivity Holdings Corp. filed a Form S-1 registration statement
with the Securities and Exchange Commission relating to the shares
of common stock of the Company that may be offered for sale for the
account of the selling stockholders.  Porter Partners, LP, Sandor
Capital Master Fund, Ballyshannon Partners LP, et al., may offer
and sell from time to time up to 27,940,126 shares of the Company's
common stock, which amount includes 8,551,168 shares to be issued
to the selling stockholders only if and when they exercise warrants
held by them.

The shares owned by the selling stockholders may be sold in the
over-the-counter market, or otherwise, at prices and terms then
prevailing or at prices related to the then-current market price,
or in negotiated transactions.  Although the Company will incur
expenses in connection with the registration of the common stock,
the Compoany will not receive any of the proceeds from the sale of
the shares of common stock by the selling stockholders.  The
Company will receive gross proceeds of up to $10,217,433 from the
exercise of the warrants, if and when they are exercised.

The Company's common stock is quoted on the OTC Markets under the
symbol "MFON".  The last reported sale price of the Company's
common stock as reported by the OTC Markets on June 6, 2016, was
$0.95 per share.

A copy of the preliminary prospectus is available for free at:

                    https://is.gd/rGbmxE

                   About Mobivity Holdings

Mobivity Holdings Corp. was incorporated as Ares Ventures
Corporation in Nevada in 2008.  On Nov. 2, 2010, the Company
acquired CommerceTel, Inc., which was wholly-owned by CommerceTel
Canada Corporation, in a reverse merger.  Pursuant to the Merger,
all of the issued and outstanding shares of CommerceTel, Inc.,
common stock were converted, at an exchange ratio of 0.7268-for-1,
into an aggregate of 10,000,000 shares of the Company's common
stock, and CommerceTel, Inc., became a wholly owned subsidiary of
the Company.  In connection with the Merger, the Company changed
its corporate name to CommerceTel Corporation on Oct. 5, 2010.
In connection with the Company's acquisition of assets from
Mobivity, LLC, the Company changed its corporate name to Mobivity
Holdings Corp. and its operating company to Mobivity, Inc, on
Aug. 23, 2012.

Mobivity reported a net loss of $6.13 million on $4.61 million of
revenues for the year ended Dec. 31, 2015, compared to a net loss
of $10.44 million on $4 million of revenues for the year ended Dec.
31, 2014.

As of March 31, 2016, Mobivity had $8.57 million in total assets,
$2.03 million in total liabilities and $6.54 million in total
stockholders' equity.


MONEY TREE: Committee's Bid for Partial Summary Judgment Denied
---------------------------------------------------------------
Judge W. Louis Sands of the United States District Court for the
Middle District of Georgia, Albany Division, denied the motion for
partial summary judgment filed by the plaintiff in the case
captioned POST-CONFIRMATION COMMITTEE FOR SMALL LOANS, INC., et
al., Plaintiff, v. W. DEREK MARTIN, as Executor of the Estate of
Vance R. Martin, et al., Defendants, Case No. 1:13-CV-195 (WLS)
(M.D. Ga.).

The Post-Confirmation Committee for Small Loans, Inc., et al.,
requested partial summary judgment as to Counts XVI, XIX, and XXII
against defendants Martin Sublease, LLC, Martin Investments, Inc.,
W. Derek Martin, Trustee for the Vance R. Martin GST Exempt Family
Trust F/B/O W. Derek Martin, Jefferey V. Martin, as Trustee for the
Vance R. Martin GST Exempt Family Trust F/B/O Jefferey V. Martin,
Grace Elizabeth Martin Johnston, as Trustee for the Vance R. Martin
GST Exempt Family Trust F/B/O Grace Elizabeth Martin Johnston, W.
Derek Martin, as Executor of the Estate of Vance R. Martin, Shana
Shockley Martin, Kimala B. Martin, and James Patrick Johnston.  The
plaintiff additionally sought immediate, final judgment on the
various amounts outlined in their motion and accompanying brief.

A full-text copy of Judge Sands's June 13, 2016 order is available
at https://is.gd/YQQml0 from Leagle.com.

THE POST-CONFIRMATION COMMITTEE FOR SMALL LOANS INC, Plaintiff,
represented by:

          John D. Elrod, Esq.
          Ronald Kyle Woods, Esq.
          GREENBERG TRAURIG
          Terminus 200
          333 Piedmont Road NE Suite 2500
          Atlanta, GA 30305
          Tel: (678) 553-2100
          Fax: (678) 553-2212
          Email: elrodj@gtlaw.com
                 woodsk@gtlaw.com   

W DEREK MARTIN, SHANA SHOCKLEY MARTIN, MARTIN FAMILY GROUP LLP,
MARTIN SUBLEASE LLC, MARTIN INVESTMENTS INC, Defendants,
represented by:

          John T. McGoldrick, Jr., Esq.
          Thomas Peter Allen, III, Esq.
          MARTIN SNOW
          240 Third Street
          Macon, GA 31201
          Tel: (478)749-1700
          Email: jtmgoldrick@martinsnow.com
                 tpallen@martinsnow.com

JEFFEREY V MARTIN, KIMALA B MARTIN, Defendants, represented by:

          J. Rice Ferrelle, Jr., Esq.
          John T. McGoldRick, Jr., Esq.
          MARTIN SNOW
          240 Third Street
          Macon, GA 31201
          Tel: (478)749-1700
          Email: jtmgoldrick@martinsnow.com

GRACE ELIZABETH MARTIN JOHNSTON, James Patrick Johnston,
Defendants, represented by:

          GRAHAM MCDONALD

BRADLEY D BELLVILLE, H&B ENTERPRISES INC, Defendants, represented
by:

          Christopher D. Gunnels, Esq.
          LEITNER FIRM

SHANA SHOCKLEY MARTIN, Cross Defendant, represented by:

          Thomas Peter Allen, III, Esq.
          240 Third Street
          Macon, GA 31201
          Tel: (478)749-1700
          Email: tpallen@martinsnow.com

                    About Money Tree

Headquartered in Bainbridge, Georgia, The Money Tree Inc. --
http://www.moneytreeinc.com/-- operates a network of lending    
branches across the Southeast, concentrated in Georgia, Florida
and Alabama.  The Company and four affiliates filed for Chapter 11
bankruptcy (Bankr. M.D. Ala. Case Nos. 11-12254 thru 11-12258) on
Dec. 16, 2011.  The other debtor-affiliates are Small Loans, Inc.,
The Money Tree of Louisiana, Inc., The Money Tree of Florida Inc.,
and The Money Tree of Georgia Inc.

Judge William R. Sawyer oversees the case, replacing Judge Dwight
H. Williams, Jr.  Max A. Moseley, Esq., at Baker Donelson Bearman
Caldwell & Berkow, P.C., serves as the Debtors' counsel.  The
Debtors hired Warren, Averett, Kimbrough & Marino, LLC, as
restructuring advisors.

The Money Tree Inc. disclosed $73,413,612 in assets and
$73,050,785 in liabilities as of the Chapter 11 filing.  The
petitions were signed by Biladley D. Bellville, president.

The Company's subsidiary, Best Buy Autos of Bainbridge Inc., is
not a party to the bankruptcy filing and intends to operate its
business in the ordinary course.

On Jan. 10, 2012, the Court appointed two separate Official
Unsecured Creditors' Committees in The Money Tree Inc. case and
The Money Tree of Georgia Inc. case.  On Jan. 13, 2012, the
Committees moved the Court to consolidate the two into one Omnibus
Official Committee of Unsecured Creditors in the Chapter 11 cases,
which motion was granted on Feb. 28, 2012.  Greenberg Traurig LLP
represents the Committee.  The Committee tapped HGH Associates LLC
as its accountants and financial advisors.

On April 16, 2012, the Debtors filed a Plan of Reorganization and
Disclosure Statement.  Holders of General Unsecured Claims of The
Money Tree, estimated total $586,676, were to receive 95% of their
allowed claims.

The Debtors, however, failed to move forward with their Plan as
the Court stripped the Company's management of control and
appointed S. Gregory Hays as Chapter 11 Trustee.  Daniel D.
Sparks, Esq., and Bradley R. Hightower, Esq., at Christian & Small
LLP, in Birmingham, Alabama, represent the Chapter 11 Bankruptcy
Trustee.

In 2013, the Court approved a joint plan of liquidation proposed by
the Omnibus Official Committee of Unsecured Creditors and the
Chapter 11 trustee.  The Plan was declared effective May 22, 2013.
The Plan is based on extensive arm's-length negotiations among the
Committee, the Chapter 11 trustee and representatives of the major
creditors.

John D. Elrod, Esq., and R. Kyle Woods, Esq., at Greenberg
Traurig, LLP, in Atlanta, Georgia, represent the Committee as
counsel.


NATIONAL BANK OF ANGUILLA: Voluntary Chapter 11 Case Summary
------------------------------------------------------------
Debtor: National Bank of Anguilla
        (Private Banking & Trust) Ltd.
        C. Fleming Corp. Bldg.
        St. Mary's Rd.
        The Valley AI2640
        Anguilla

Case No.: 16-11806

Type of Business: A commercial bank incorporated and licensed in
                  Anguilla.

Chapter 11 Petition Date: June 22, 2016

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. Martin Glenn

Debtor's Counsel: James C. McCarroll, Esq.
                  Jordan W. Siev, Esq.
                  Kurt F. Gwynne, Esq.
                  REED SMITH, LLP
                  599 Lexington Avenue
                  New York, NY 10022
                  Tel: (212) 521-5400
                  Fax: (212) 521-5450
                  E-mail: jmccarroll@reedsmith.com
                          jsiev@reedsmith.com
                          kgwynne@reedsmith.com

                           - and -

                  Omid Zareh, Esq.
                  WEINBERG ZAREH & GEYERHAHN, LLP
                  45 Rockefeller Plaza, 20th Floor
                  NY, NY 10111
                  Tel: 347-836-9721
                  Fax: 516-623-9457
                  E-mail: omid@wzgllp.com

Estimated Assets: $10 million to $50 million

Estimated Debts: $10 million to $50 million

The petition was signed by William Tacon, administrator.

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


NAVISTAR INT'L: Fitch Affirms 'CCC' Issuer Default Rating
---------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Ratings at 'CCC' for
Navistar International Corporation (NAV), Navistar, Inc. and
Navistar Financial Corporation (NFC).  Fitch has upgraded the
existing NFC senior secured bank credit facility rating to
'B-/RR3' from 'CCC/RR4'.

                         KEY RATING DRIVERS

The 'CCC' IDR for NAV incorporates NAV's low liquidity and negative
free cash flow (FCF) which Fitch expects will improve more slowly
than originally expected, largely due to the cyclical downturn in
the heavy duty truck market in the U.S. and Canada. The downturn is
making it more difficult for NAV to rebuild market share, and weak
industry conditions are contributing to high used truck inventory
and competitive pricing.  The negative impact of these trends is
partly offset by the improvement in core EBITDA margins due to
restructuring and NAV's strategy of focusing on its key product
markets.

Liquidity is adequate in the near term but continues to be a key
rating concern.  Fitch believes NAV should be able to meet its
projected manufacturing cash and marketable securities balance of
approximately $800 million at the end of fiscal 2016.  Fitch
estimates this level would be adequate to fund seasonally negative
FCF that would be expected in the first quarter of 2017 [1Q16] (FCF
was negative $354 million in 1Q16 compared to slightly positive in
each of the previous three quarters) but it will be sensitive to
working capital requirements.  Negative FCF in 1Q17 could be lower
than in 2016 due to weak market conditions and possibly lower
working capital requirements.

Anticipated cash balances at the end of 2016 would be lower than
the past two years, reducing NAV's capacity to adjust to negative
developments such as a further deterioration of the truck market,
loss of market share, or adverse litigation resulting in a large
payment by NAV.  The next significant scheduled debt maturity is
$200 million in October 2018.  In recent years, NAV has received
modest funding from NFC, but Fitch expects this funding to decline
or reverse.

The company's EBITDA margin as calculated by Fitch was 3.9% at
April 30, 2016 on a last-12-months basis, an improvement compared
to 1.4% in 2015 and low levels during the past several years while
NAV implemented its revised engine strategy.  In the second quarter
of 2016, NAV reported its first quarterly profit since 2012 but a
full year profit for fiscal 2016 could be difficult to achieve due
to weak industry conditions.  The outlook for heavy duty truck
demand in North America has weakened since late 2015, and demand
could be below long term replacement levels in 2016 and possibly
decline again in 2017.  Benefits from restructuring together with
solid results in the parts business are mitigating the negative
impact of lower volumes and low market share.

NAV's operating results are also being affected by high inventories
of used trucks, competitive pricing, and charges for pre-existing
warranties.  Regular warranty costs remain below 3% of sales
compared to a peak level above 7% several years ago, although NAV
recognized $51 million of charges for pre-existing warranties in
the first half of 2016.  The cash impact will be spread out over
future periods, and the warranty charge appears to be contained.
NAV's use of third-party engines and emissions equipment reduces
research and development costs, as well as warranty costs, but also
limits margins.

Fitch expects manufacturing FCF in fiscal 2016 will remain negative
rather than become slightly positive as originally anticipated.
Funds from operations have improved steadily but are being offset
by working capital requirements partly associated with high used
truck inventory, contributing to the recent deterioration in FCF.
While a return to positive FCF is possible in 2017, weak demand for
heavy duty trucks and NAV's low market share could pressure near
term results including FCF and constrain the company's financial
flexibility.  NAV has tax losses that can be used to reduce future
cash tax payments.  FCF as calculated by Fitch excludes dividends
from Financial Services and changes in intercompany used truck
financing.

Other factors that negatively affect NAV's FCF include cash costs
for warranties and pension contributions.  NAV's net pension
obligation was just under $1.6 billion (61% funded) at fiscal
year-end (FYE) Oct. 31, 2015.  The company expects to contribute
nearly $100 million in 2016, including $40 million contributed
during the first six months, and expects required annual
contributions from 2017 to 2019 will be $100 million - $200
million.

NAV's market share of Class 8 trucks in the U.S and Canada was 11%
in the first half of 2016, down from 12% in 2015 and 20% or higher
prior to 2012, and its share is behind the three other dominant
commercial truck makers.  Orders in NAV's traditional markets
(Class 6-8 trucks and school buses) were down 21% in the first six
months of fiscal 2016, with the decline most pronounced in Class 8
trucks.  NAV's global truck business is also down significantly due
to economic weakness in Brazil, although the business represented
only 5% of NAV's manufacturing revenue in 2015.  The medium duty
market is more stable and NAV's share, while well below historical
levels, is holding up better.  NAV continues to invest in product
development which could provide opportunities to regain market
share over the long term.

At April 30, 2016, debt/EBITDA was over 9x, reflecting low but
improved earnings.  Fitch does not include intercompany loans from
Financial Services in manufacturing debt, and leverage would be
higher when including these liabilities.  NAV's use of intercompany
funds from Financial Services includes loans and dividends.  The
net amount of loans and dividends provided to NAV in the first half
2016 was $97 million, some of which Fitch expects will be reversed
in the second half.  NAV made a small amount of repayments in 2015,
net of dividends from NFC.  Loans include used truck inventory
financing utilized by NAV to facilitate new truck sales.

Litigation risks include a lawsuit by the U.S. Department of
Justice which is seeking penalties of up to $291 million on behalf
of the U.S. Environmental Protection Agency related to NAV's use of
engines during 2010 that did not meet emissions standards.  In the
event of an adverse outcome, a large payment would exacerbate
concerns about liquidity although Fitch expects the timing of any
payments could be delayed in a lengthy litigation process.  Other
litigation includes class action lawsuits concerning NAV's
discontinued advanced EGR engines, and shareholder lawsuits.  In
March 2016, NAV reached a settlement with the SEC regarding its
investigation into NAV's accounting and disclosure practices,
resulting in a cease-and-desist order and, among other things,
NAV's payment of a $7.5 million penalty.

The Recovery Rating (RR) of '1' for Navistar, Inc.'s senior secured
term loan facility supports a rating of 'B', three levels above
NAV's IDR, as Fitch expects the loan would recover more than 90% in
a distressed scenario based on a strong collateral position.  The
'RR4' for senior unsecured debt reflects average recovery prospects
in a distressed scenario.  The 'RR6' for senior subordinated
convertible notes reflects a low priority position relative to
NAV's other debt.

                  NAVISTAR FINANCIAL CORPORATION

Fitch believes NFC is core to NAV's overall franchise, and the IDR
of the finance subsidiary is directly linked to that of its
ultimate parent due to the close operating relationship and
importance to NAV, as substantially all of NFC's business is
connected to the financing of dealer inventory and trucks sold by
NAV's dealers.  The relationship is formally governed by the Master
Intercompany Agreement, as well as a provision referenced under
NFC's credit agreement requiring NAV or Navistar, Inc. to own 100%
of NFC's equity at all times.

NFC's operating performance and overall credit metrics are viewed
by Fitch to be neutral to NAV's ratings.  The company's performance
has not changed materially compared to Fitch's expectations, but
its financial profile remains tied to NAV's operating and financial
performance.  Total financing revenue decreased slightly for the
six months of 2016 (6M16) ended April 30, 2016, resulting from a
decline in the average size of the wholesale and retail portfolio's
partially offset by higher accounts revenue.  The average finance
receivables balance decreased to $1.4 billion for the six months
ending April 30, 2016, compared to $1.6 billion one-year prior.

Asset quality of the underlying receivables portfolio remains
stable, reflecting the mature retail portfolio, which continues to
run-off.  -offs and provisioning has also been stable as NFC
continues to focus on its wholesale portfolio, which historically
has experienced lower loss rates relative to the retail portfolio.

NFC's leverage remains relatively low compared to its captive peers
but has risen slightly in recent quarters due primarily to the
upstreaming of $125 million in dividends to the parent (partially
financed by an $80 million loan repayment to NFC) in 2015 and an
additional $30 million in dividends in 2Q16.  Balance sheet
leverage, as measured by total debt to equity, was 3.2x as of April
30, 2016.  Fitch believes NFC's leverage is appropriate and
consistent with other captive finance companies.  NAV continues to
utilize the strength of NFC's balance sheet to enhance liquidity at
the parent company, including re-establishing dividends and
intercompany borrowing between NAV and NFC.

The upgrade of the existing senior secured bank credit facility to
'B-' reflect Fitch's view that the addition of a 1.35x collateral
coverage covenant in the amended bank credit facility agreement on
May 27, 2016 is a credit positive for lenders.  The addition of
this covenant helps support recovery ratings of 'RR3' and mitigates
Fitch's earlier concerns that NFC could securitize all its
remaining unencumbered assets, thereby leaving other senior secured
lenders in a subordinate collateral position to the company's
securitizations.

                         KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for NAV's
manufacturing business include:

   -- Manufacturing revenue in 2016 declines 15%-20% due to the
      industry downturn for heavy duty trucks; the termination of
      NAV's Blue Diamond Truck joint venture with Ford in 2015, a
      decline in exports, and pricing pressure;

   -- Industry demand for heavy duty trucks declines in 2016 and
       possibly in 2017;

   -- NAV experiences no further significant declines in market
      share;

   -- FCF remains negative in 2016 and becomes slightly positive
      in 2017;

   -- EBITDA margins continue to improve slightly;

   -- Warranty expense, excluding adjustments to pre-existing
      warranties, remains below 3%.

                      RATING SENSITIVITIES

Navistar International Corporation

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

   -- Consistently higher EBITDA margins lead to positive FCF and
      lower leverage;
   -- NAV's market share recovers toward a level near 20% for
      combined Class 8 heavy and severe service trucks (11% in
      2Q16) and 30% for medium duty trucks (27% in 2Q16);
   -- Liquidity improves sufficiently to reduce outstanding debt.

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

   -- Working capital or other cash requirements in the seasonally

      weak first fiscal quarter appear likely to exceed NAV's
      available liquidity, including minimum cash requirements of
      approximately $500 million;
   -- Manufacturing EBITDA margins as calculated by Fitch decline
      materially from 3.9% on an latest 12 months (LTM) basis as
      of April 30, 2016;
   -- FCF does not become positive on an LTM basis during 2017;
   -- There is a material adverse outcome from litigation.

Navistar Financial Corporation

NFC's ratings are linked to those of its parent.  Therefore,
positive rating momentum will be limited by Fitch's view of NIC's
credit profile.  However, negative rating action could be driven by
a change in the perceived relationship between NFC and its parent.
Additionally, a change in profitability leading to operating
losses, a material change in leverage and/or deterioration in the
company's liquidity profile could also yield negative rating
actions.

The rating of the senior secured bank credit facility is sensitive
to changes in NFC's IDR, as well as the level of unencumbered
balance sheet assets in a stress scenario, relative to outstanding
debt.

                              LIQUIDITY

Navistar International Corporation

Liquidity at NAV's manufacturing business as of April 30, 2016
included cash and marketable securities totaling $730 million (net
of BDP joint venture cash and restricted cash).  NAV had limited
availability under a $175 million ABL facility.  Liquidity was
offset by current maturities of manufacturing long-term debt of $83
million.  In addition to the ABL, NAV uses an Intercompany Used
Truck Loan from NFC under which $151 million was outstanding at
April 30, 2016.  NAV also had an outstanding intercompany loan of
$190 million from NFC.

Navistar Financial Corporation

Fitch deems NFC's current liquidity to be adequate given available
resources and the company's continued success in securitizing
originated assets but notes that liquidity may become constrained
if the parent materially increases its reliance on NFC to fund
operations or if NFC is unable to refinance a sufficient amount of
debt on economical terms to fund its operations.

As of April 30, 2016, NFC had $25.1 million of unrestricted cash
and approximately $462.8 million of availability under its various
borrowing facilities (subject to collateral requirements).  Fitch
views favorably, NFC's ability to refinance a portion of its
borrowing facilities and access the capital markets at reasonable
terms, which should mitigate some potential near-term liquidity
concerns.

As of April 30, 2016, debt at NAV's manufacturing business totaled
$3.2 billion, including unamortized discount, and $2.1 billion at
the Financial Services segment, the majority of which is at NFC.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings for NAV and its affiliates as:

Navistar International Corporation
   -- Long-Term IDR at 'CCC';
   -- Senior unsecured notes at 'CCC/RR4';
   -- Senior subordinated notes at 'CC/RR6'.

Navistar, Inc.
   -- Long-Term IDR at 'CCC';
   -- Senior secured term loan at 'B/RR1'.

Cook County, Illinois
   -- Recovery zone revenue facility bonds (Navistar International

      Corporation Project) series 2010 at 'CCC'.

Illinois Finance Authority (IFA)
   -- Recovery zone revenue facility bonds (Navistar International

      Corporation Project) series 2010 at 'CCC'.

Navistar Financial Corporation

This rating was affirmed:

   -- Long-Term IDR at 'CCC';

Fitch has upgraded this rating:
   -- Senior secured bank credit facility to 'B-/RR3' from
      'CCC/RR4'.


NEUSTAR INC: Moody's Puts Ba3 CFR Under Review For Downgrade
------------------------------------------------------------
Moody's Investors Service has placed Neustar, Inc.'s ratings under
review for downgrade, including the company's Ba3 corporate family
rating (CFR), Ba3-PD probability of default rating (PDR), Ba2
senior secured bank credit facility rating and B2 senior unsecured
rating. The review was prompted by Neustar's announcement of its
intention to separate into two independent, publicly traded
companies, via a tax-free spin-off (the spin) expected to close
within 12 months, or approximately the middle of 2017.

In connection with the announcement, management has provided an
outline of the separation, stating one company will house the
higher growth information services including marketing, security
and data services which generated $470 million in 2015. The other
company will retain the Neustar brand, housing order management and
numbering services including the company's largest contract with
the Number Portability Administration Center (NPAC). The NPAC
contract, which generates approximately $500 million or roughly one
half of the current company's combined revenues, will be 85% of the
pro forma revenues, post-spin. The NPAC contract is scheduled to
expire in late 2017 following the transition to a new service
provider. Following the NPAC transition, Moody's expects the
post-spin company is likely to report less than $100 million in
revenue barring any material changes to the timing of the NPAC
contract expiration, the proposed transaction, or the growth rate
of the residual business. Based on Moody's interpretation of the
plan, Moody's believes it is more likely than not that this entity
will be the same entity currently rated.

Management is in the very early stages of executing this
transaction and still in the decision making process as it pertains
to material considerations such as sources of financing,
capitalization, and organizational structure. However, Moody's
believes this transaction will add costs, distract management from
day-to-day operations, and introduces significant uncertainties to
the business and credit profile. Further, while Moody's understands
there are a wide range of outcomes, Moody's believes it's unlikely
there is a scenario in which the currently rated entity will have
lower credit risk. On the contrary, separating the company into
two, splits shared costs, which is likely to add an incremental
cost burden to both companies. Additionally, Moody's concerns also
include the potential that the residual rated entity is the order
management and number services business, which will be a much
smaller scale, less diversified company with more limited cash
flows following the expiration of the NPAC contract.

In its review, Moody's will evaluate the finalized business
profiles of the separate businesses, its capital structures,
management teams, financial policies, projected operating
performance, and credit metrics, among other factors.

Issuer: Neustar, Inc

On Review for Downgrade:

-- Probability of Default Rating, Placed on Review for Downgrade,

    currently Ba3-PD

-- Corporate Family Rating, Placed on Review for Downgrade,
    currently Ba3

-- Senior Secured Bank Credit Facilities, Placed on Review for
    Downgrade, currently Ba2 (LGD3)

-- Senior Unsecured Regular Bond/Debenture, Placed on Review for
    Downgrade, currently B2 (LGD5)

Outlook Actions:

-- Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

Neustar, Inc.'s Ba3 corporate family rating reflects its healthy
balance sheet, strong cash flows, and high growth rate. The company
has a favorable market position in the information services sector
with business lines in marketing, data, and security services. Over
the past several years, Neustar has aggressively invested in its
business, diversifying its revenue base away from the impending
loss of its very large contract to provide Number Portability
Administration Center (NPAC) services. Today, NPAC generates nearly
50% of its revenues, but the contract is scheduled to expire late
2017. With organic growth and M&A that leverages its expertise in
managing real-time information systems, revenue from non-NPAC
services has reached a scale and level of profitability that
supports the credit profile after the loss of NPAC. This position
is supported by low leverage and a financial policy that has
shifted decidedly more conservative following the company's recent
acquisition of Marketshare which requires the company to pay down
new debt at a rapid pace. In connection with this shift, the
company has temporarily suspended its share repurchase program.

Based in Sterling, VA, Neustar, Inc is the leading provider of
information and data services catering to carriers and enterprises.
For last twelve month ended in March 31, 2016, Neustar generated
approximately $1.1 billion in revenue.


NEWARK WATERSHED: Accusations Against Sen. Booker Dismissed
-----------------------------------------------------------
Ted Sherman, writing for NJ.com, reported that a federal judge has
dismissed a case against U.S. Sen. Cory Booker (D-N.J.) that
charged he failed to properly oversee Newark's now bankrupt
watershed corporation when he served as mayor of New Jersey's
largest city.  However, U.S. Bankruptcy Judge Vincent F. Papalia
let stand a civil complaint against Vaughn McKoy, the former board
vice chairman of the Newark Watershed Conservation and Development
Corp., the report said.

According to the report, the ruling on June 21, 2016 came in the
wake of a lawsuit filed last year by the provisional trustees of
the agency against Booker and McKoy, along with former executive
director Linda Watkins-Brashear and more than a dozen others,
following allegations that the non-profit corporation had bilked
millions of dollars from taxpayers.

Watkins-Brashear later pleaded guilty to federal charges in
December in connection with the soliciting nearly $1 million in
bribes from businesses in return for overinflated and no-work
contracts, the report related.

The civil lawsuit by trustees for the agency, which is now in
federal bankruptcy court, argued that Booker and other officials
with oversight responsibilities must also share financial
responsibility for the scandal -- even if they were caught off
guard by the corporation's ultimate collapse -- because their
inattention to matters allowed it to happen, the report further
related.

                      About Newark Watershed

Newark, New Jersey-based Newark Watershed Conservation and
Development Corporation filed for Chapter 11 protection (Bankr.
D.N.J. Case No. 15-10019) on Jan. 2, 2015.  The petition was
signed by Joseph M. Hartnett, interim executive director.

The Hon. Donald H. Steckroth presides over the case.  Donald W.
Clarke, Esq., and Daniel Stolz, Esq., at Wasserman, Jurista &
Stolz, P.C., represents the Debtor in its Chapter 11 case.

The Debtor disclosed total assets of $202,489 and total
liabilities of $2.07 million.


NORANDA ALUMINUM: Has $302.5-Mil. Deal for Downstream Biz.
----------------------------------------------------------
Noranda Aluminum, Inc. and its affiliated debtors ask the U.S.
Bankruptcy Court for the Eastern District of Missouri, Southeastern
Division, to approve their Stalking Horse Agreement with Gränges
AB ("Parent") and Beagle Acquisition Corp. ("Buyer") for the sale
of the Debtors' assets associated with the flat rolled products
business owned and operated by Norandal USA, Inc. ("Downstream
Business").

The Debtors seek to sell their Downstream Business at the rolling
mills located in (i) Huntingdon, Tennessee, (ii) Newport, Arkansas,
and (iii) Salisbury, North Carolina, together with any assets,
facilities, real property, personal property, plants, equipment,
inventory, and associated accounts receivable.

The Stalking Horse Agreement contains, among others, the following
relevant terms:

     (a) Purchase Price: Gross consideration of $302.5 million. Net
cash consideration of $288 million ("Cash Consideration"), subject
to adjustment to the extent working capital is less than or greater
than $60 million.

     (b) Acquired Assets: All assets of Seller primarily related to
the Downstream Business and substantially all of the Information
Technology Assets of the Debtor Affiliates used in the Business, in
each case, other than the Excluded Assets. Includes inventory,
equipment, contracts, real property, permits, intellectual
property, information technology assets, receivables, pre-paid
expenses, data/documents/business records, insurance proceeds,
rights under confidentiality/non-compete/non-disclosure agreements
and goodwill of the Business.

     (c) Closing Date: No later than Aug. 31, 2016.

     (d) Bid Protections: (i) a break-up fee of 1.5% of the cash
purchase price, which is $4.32 million based on the Cash
Consideration, and (ii) expense reimbursement not greater than $1.5
million.

The Debtors have determined that the Stalking Horse Agreement and
the associated Bid Protections provide the best opportunity to
maximize value and to promote a robust auction process.

Noranda Aluminum, Inc. and its affiliated debtors are represented
by:

          Christopher J. Lawhorn, Esq.
          Angela L. Drumm, Esq.
          Colin M. Luoma, Esq.
          CARMODY MACDONALD P.C.
          120 S. Central Avenue, Suite 1800
          St. Louis, MO 63105
          Telephone: (314)854-8600
          Facsimile: (314)854-8660
          E-mail: cjl@carmodymacdonald.com
                  ald@carmodymacdonald.com
                  cml@carmodymacdonald.com

                   - and -

          Alan W. Kornberg, Esq.
          Elizabeth McColm, Esq.
          Sarah Harnett, Esq.
          Christopher Hopkins, Esq.
          PAUL, WEISS, RIFKIND, WHARTON &
          GARRISON LLP
          1285 Avenue of the Americas
          New York, NY 10019
          Telephone: (212)373-3000
          Facsimile: (212)757-3990
          E-mail: akornberg@paulweiss.com
                  emccolm@paulweiss.com
                  sharnett@paulweiss.com
                  chopkins@paulweiss.com

                      About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. Lead Case No.
16-10083) on Feb. 8, 2016.  The petitions were signed by Dale W.
Boyles, the chief financial officer.  Judge Barry S. Schermer is
assigned to the cases.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as counsel, Carmody MacDonald P.C. as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC as restructuring advisors and Prime Clerk LLC as claims,
solicitation and balloting agent.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of
secured indebtedness, consisting of a revolving credit facility
and
a term loan facility.

The Debtors had approximately 1,857 employees as of the Petition
Date.


OMNICOMM SYSTEMS: Stockholders Elect Five Directors
---------------------------------------------------
OmniComm Systems, Inc. held its annual meeting of stockholders in
Fort Lauderdale, Florida, on June 16, 2016, at which the
stockholders:

   1. elected Randall G. Smith, Cornelis F. Wit, Robert C.
      Schweitzer, Dr. Adam F. Cohen and Dr. Gary A. Shangold
      to the Board of Directors to serve for terms expiring
      immediately following the Company's annual stockholders
      meeting in 2017 and until their respective successors are
      duly elected and qualified;
    2. ratified the appointment of Liggett & Webb P.A., as the
       Company's independent registered public accounting firm for
       the fiscal year ending Dec. 31, 2016;

    3. approved the adoption of the OmniComm Systems, Inc. 2016
       Equity Incentive Plan; and

    4. approved the amendment to the Company's Certificate of
       Incorporation to increase the number of authorized shares
       of common stock from 250 million to 500 million shares.

                  About OmniComm Systems

Ft. Lauderdale, Fla.-based OmniComm Systems, Inc., is a healthcare
technology company that provides Web-based electronic data capture
("EDC") solutions and related value-added services to
pharmaceutical and biotech companies, clinical research
organizations, and other clinical trial sponsors principally
located in the United States and Europe.

OmniComm reported net income attributable to common stockholders of
$2.40 million on $20.7 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $4.66 million on $16.5 million of total revenues
for the year ended Dec. 31, 2014.

As of March 31, 2016, Omnicomm had $5.59 million in total assets,
$27.89 million in total liabilities and a total shareholders'
deficit of $22.29 million.


OUTER HARBOR: Has Until Sept. 28 to Exclusively File Plan
---------------------------------------------------------
The Hon. Laurie Selber Silverstein of the U.S. Bankruptcy Court for
the District of Delaware has extended, at the behest of Outer
Harbor Terminal, LLC, the exclusive right for the Debtor to file a
Chapter 11 plan by 120 days through and including Sept. 28, 2016,
and the period during which the Debtor has the exclusive right to
solicit acceptances of the plan through and including Nov. 28,
2016.

As reported by the Troubled Company Reporter on June 3, 2016, the
Debtor sought the extensions, saying that in order to formulate a
plan and estimate potential distributions to creditors, however,
the Debtor will first need to spend some time analyzing and
resolving the claims against the estate that will impact the
distributions under a plan or could otherwise potentially affect
the plan's feasibility.

                   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.


PARAGON OFFSHORE: Starts Push for Approval of Bankruptcy Plan
-------------------------------------------------------------
Steven Church, writing for Bloomberg News, reported that Paragon
Offshore Plc's reorganization proposal is so unrealistic that the
oil-rig company will run out of cash in less than three years,
dissident lenders said at the opening of a bankruptcy court
hearing.

According to the report, Paragon is asking U.S. Bankruptcy Judge
Christopher Sontchi to approve its plan to cut debt to $1.4 billion
from $2.6 billion, to use its dwindling cash to pay two groups of
favored creditors and to let the current owners retain a majority
stake.  Confirmation hearings over the plan began June 21 in
Wilmington, Delaware, federal court, the report related.

The proposal is built on an assumption that the company can use its
aging fleet of oil-drilling rigs to win contracts more quickly in
the future than it has in the past, the report said, citing Madlyn
Gleich Primoff, an attorney for lenders opposed to the plan, as
telling the judge.  There are hundreds of idled drilling rigs
around the world and 100 more being built that Paragon will have to
compete against, Primoff said, adding that Paragon's rigs are so
old, it will be harder for the Houston-based company to win new
business, the report further cited.

"This plan is simply not feasible," Primoff told the judge, the
report related.  "It's absolutely reckless to give $510 million in
cash away."

David S. Kurtz of Lazard, Paragon's financial adviser, defended the
reorganization plan, saying it cut debt and met all of the
company’s goals, one of which was to ensure equity owners could
retain their holdings, the report related.

The confirmation hearing will be spread over five sessions through
June 30 before Sontchi decides whether to approve the plan and
allow Paragon to exit bankruptcy, the report added.

                      About Paragon Offshore

Paragon Offshore plc -- http://www.paragonoffshore.com/-- is a    
global provider of offshore drilling rigs.  Paragon's operated
fleet includes 34 jackups, including two high specification heavy
duty/harsh environment jackups, and six floaters (four drillships
and two semisubmersibles). Paragon's primary business is
contracting its rigs, related equipment and work crews to conduct
oil and gas drilling and workover operations for its exploration
and production customers on a dayrate basis around the world.
Paragon's principal executive offices are located in Houston,
Texas.  Paragon is a public limited company registered in England
and Wales and its ordinary shares have been trading on the
over-the-counter markets under the trading symbol "PGNPF" since
December 18, 2015.

Paragon Offshore Plc, et al., filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-10385 to 16-10410) on Feb.
14, 2016, after reaching a deal with lenders on a reorganization
plan that would eliminate $1.1 billion in debt.

The petitions were signed by Randall D. Stilley as authorized
representative.  Judge Christopher S. Sontchi is assigned to the
cases.


PHOENIX MANUFACTURING: Wants Sept. 26 as Plan Filing Deadline
-------------------------------------------------------------
Phoenix Manufacturing Partners, LLC, et al., ask the U.S.
Bankruptcy Court for the District of Arizona to extend the
exclusive period for the Debtors to file a Joint Chapter 11 Plan
and Disclosure Statement to Sept. 26, 2016.

Debtor Phoenix Manufacturing Partners filed its Chapter 11 petition
on May 3, 2016.  Debtors Joined Alloys and Di-Matrix filed their
Chapter 11 petitions on May 27, 2016.  These separate filing dates
cause two different exclusivity deadlines per Section 1121(c)(2) of
the Code for the Debtors; Aug. 31, 2016, for the PMP case and Sept.
26, 2016, for the JA and DM cases.  On June 10, 2016, the Court
entered its order granting the Debtors' request for joint
administration.  As a result, these three cases will be jointly
administered throughout this Chapter 11 process.  

The Debtors will file a Joint Chapter 11 Plan and Disclosure
Statement in the case.  To avoid confusion and any possible
argument that one of the cases' exclusivity protection periods has
lapsed, the Debtors submit that a single, fixed exclusivity
deadline be established for all three cases.  The Debtors urge the
Court to set that deadline date as Sept. 26, 2016.

It will also be necessary for a Bar Date to be set by which proofs
of claim and proofs of interest be filed.  The Debtors urge the
Court to set Aug. 12, 2016, as the bar date.

The Debtors' counsel can be reached at:

     Bradley J. Stevens, Esq.
     JENNINGS, STROUSS & SALMON, P.L.C.
     A Professional Limited Liability Company
     One East Washington Street, Suite 1900
     Phoenix, Arizona 85004-2554
     Tel: (602) 262-5911
     Fax: (602) 495-2654
     E-mail: bstevens@jsslaw.com

UMB Bank, N.A., is represented by:

     Hilary L. Barnes, Esq.
     Allen Barnes & Jones, PLC
     1850 North Central Avenue, Suite 1150
     Phoenix, AZ 85004
     E-mail: hbarnes@allenbarneslaw.com

M-Pinnalce7thAZ, LLC, is represented by:

     Dean C. Waldt, Esq.
     Michael S. Myers, Esq.
     Michael A. DiGiacomo, Esq.
     Ballard Spahr LLP
     1 E. Washington Street, Suite 2300
     Phoenix, AZ 85004-2555
     E-mail: waldtd@ballardspahr.com
             myersms@ballardspahr.corn
             digiacomom@ballardspahr.com

Honeywell is represented by:     

     Warren J. Stapleton, Esq.
     Osborn Maledon
     2929 North Central Avenue
     Twenty-First Floor
     Phoenix, AZ 85012-2793
     E-mail: wstapleton@omlaw.com

OVAC, LLC, is represented by:

     Steven N. Berger, Esq.
     Engelman, Berger, P.C.
     3636 North Central Avenue
     Suite 700
     Phoenix, AZ 85012
     E-mail: snb@eblawyers.com

                   About Phoenix Manufacturing

Phoenix Manufacturing Partners LLC sought protection under Chapter

11 of the Bankruptcy Code in the District of Arizona (Phoenix)
(Case No. 16-04898) on May 3, 2016.  Its affiliates Joined Alloys,

LLC and DLS Precision Fab, LLC filed for Chapter 11 protection
(Case Nos. 16-06107 and 16-06109) on May 27, 2016.  

The petitions were signed by Joe Yockey, president & managing
member.  The cases are jointly administered under Case No. 16-04898
and are assigned to  

Phoenix Manufacturing estimated assets of $0 to $50,000 and  
debts of $10 million to $50 million.  

Joined Alloys and DLS Precision estimated both assets and
liabilities in the range of $1 million to $10 million.


PINNACLE RESORT: Taps Kapila-Mukamal as Accountant
--------------------------------------------------
Pinnacle Resort, LLC seeks approval from the U.S. Bankruptcy Court
for the District of Connecticut to hire Kapila-Mukamal as its
accountant.

The Debtor proposes to hire an accountant to prepare monthly
operating reports, monitor the cash in and cash out concerning the
hotel business, and audit the MORs for February, March and April,
2016, filed by its former accountant.

Kapila-Mukamal will also provide general accounting services to the
extent needed and will handle tax reports and returns.

The firm's hourly rate ranges from $250 to $270.  Aside from
professional fees, the firm will also receive reimbursement for
work-related expenses.

Kapila-Mukamal does not represent any interest adverse to the
Debtor or its estate, and is "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Soneet R. Kapila
     Kapila-Mukamal
     Direct954-712-3201
     Email: kapila@kapilamukamal.com

                      About Pinnacle Resort

Pinnacle Resort, LLC sought protection under Chapter 11 of the
Bankruptcy Code (D. Conn. Case No. 16-50204) on February 11, 2016.
The petition was signed by Frank Nocito, president.  The Debtor
estimated assets of $1 million to $10 million and debts of $100,000
to $500,000.


PIONEER ENERGY: Provides Operations Update
------------------------------------------
From time to time, senior management of Pioneer Energy Services
meets with groups of investors and business analysts.  The Company
prepared slides in connection with management's participation in
such meetings and participation in the Wells Fargo West Coast
Energy Conference on June 21, 2016.  The slides provide an update
on the Company's operations and certain recent developments, which
among others, include the following:

Overall

* Based on client feedback, activity is expected to increase in
   the third quarter of 2016

Drilling

* Quarter-to-date utilization through May is 41%; current
   utilization is 42% based on a total fleet of 31 rigs

* All rigs in Colombia are currently idle; however, discussions
   about potential activity late in the year and into 2017 have
   increased

Well Servicing

* Quarter-to-date utilization through May is 39% as compared to  
   44% in the prior quarter

* June month-to-date utilization is approximately 40% and 24-hour

   and weekend work are beginning to return to the market

Coiled Tubing

* Quarter-to-date utilization through May is 23% as compared to
   24% in the prior quarter

* Larger pipe work (2 3/8" and 2 5/8") is beginning to be
   discussed

The slides are available for free at https://is.gd/Ud8rpM

                     About Pioneer Energy

Pioneer Energy Services Corp. provides land-based drilling services
and production services to a diverse group of independent and large
oil and gas exploration and production companies in the United
States and internationally in Colombia.  The Company also provides
two of its services (coiled tubing and wireline services) offshore
in the Gulf of Mexico.

Pioneer Energy reported a net loss of $155.14 million in 2015
following a net loss of $38.01 million in 2014.

As of March 31, 2016, Pioneer Energy had $786.52 million in total
assets, $471.41 million in total liabilities and $315.11 million in
total shareholders' equity.

                         *    *    *

As reported by the TCR on March 7, 2016, Moody's Investors Service,
on March 3, 2016, downgraded Pioneer Energy Services Corp.'s
Corporate Family Rating (CFR) to Caa3 from B2, Probability of
Default Rating (PDR) to Caa3-PD from B2-PD, and senior unsecured
notes to Ca from B3.

"The rating downgrades were driven by the material deterioration in
Pioneer Energy's credit metrics through 2015 and our expectation of
continued deterioration through 2016.  The demand outlook for
drilling and oilfield services is extremely weak, as witnessed by
the steep and continued drop in the US rig count" said Sreedhar
Kona, Moody's Vice President. "The negative outlook reflects the
deteriorating fundamentals of the services sector and the
likelihood of covenant breaches"

Pioneer Energy carries a "B+" corporate credit rating from Standard
& Poor's Ratings.


PIONEER UK: S&P Assigns 'B' CCR, Outlook Stable
-----------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating on
Philadelphia-based pharmaceutical packaging services provider
Pioneer UK Midco 1 Ltd.  The rating outlook is stable.

S&P is affirming its 'B' corporate credit rating on former parent
PCI Pharma Midco UK Ltd.  The rating outlook is stable.  S&P is
subsequently withdrawing the rating.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to Pioneer's operating subsidiary Pioneer US
Holdings Inc.'s (to be renamed Packaging Coordinators Midco Inc.
upon close) proposed $460 million term loan.  The '3' recovery
rating indicates S&P's expectation for meaningful (50%-70%; at the
lower end of the range) recovery in the event of a payment default.
In addition, S&P assigned its 'CCC+' issue-level rating and '6'
recovery rating to the company's proposed $205 million second-lien
term loan.  The '6' recovery rating indicates S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.

S&P is also affirming its issue-level ratings on Packaging
Coordinators Inc. (the subsidiary of PCI Pharma), and subsequently
withdrawing the ratings.

"While leverage increases about two turns to around 7x as a result
of this transaction, our ratings on Pioneer reflect our expectation
that revenue will continue to grow, profitability (excluding the
impact of one-time transaction costs) will be stable, and the
company will generate moderate discretionary cash flow," said S&P
Global Ratings credit analyst Jinsung Kim.  The ratings also
reflect the company's high leverage, its small scale, and its
narrow range of services.

S&P's business risk assessment reflects the company's relatively
small size; narrow business focus on commercial packaging services;
exposure to potential in-sourcing risk by large customers; and
competition from larger, better-capitalized industry participants.
These weaknesses are partially offset by Pioneer's leading market
position in the niche pharmaceutical packaging segment.

Pioneer is a leading provider of pharmaceutical packaging services.
In S&P's view, Pioneer's competitive advantage stems from its
scale and leading market position within the pharmaceutical
packaging niche because many of its direct competitors are much
smaller and cannot service larger customers.

The outlook is stable, reflecting S&P's expectation that strong
outsourcing demand will allow Pioneer to generate high-single-digit
revenue growth and maintain stable margins.  It also reflects S&P's
expectation that leverage will remain above 5x, but that the
company will generate moderately positive discretionary cash flow
over time.

S&P could lower the rating if competition intensifies or the
company's customers increasingly begin to in-source their packaging
needs.  S&P could also consider a lower rating if its expected
ongoing discretionary cash flow to become minimal.  Such a scenario
could occur if EBITDA margin contracts by 500 basis points.

An upgrade is unlikely, given S&P's expectation that financial
policy will remain aggressive under sponsor ownership, as well as
the company's track record of debt-funded dividends.  S&P could
consider raising the rating if the company revises its financial
policies to maintain leverage below 5x.  In S&P's view, this would
require around $200 million in debt repayment.


POINTON PROPERTIES: Case Summary & 3 Unsecured Creditors
--------------------------------------------------------
Debtor: Pointon Properties, Inc.
        P O Box 440
        Newalla, OK 74857

Case No.: 16-12416

Chapter 11 Petition Date: June 22, 2016

Court: United States Bankruptcy Court
       Western District of Oklahoma (Oklahoma City)

Judge: Hon. Sarah A. Hall

Debtor's Counsel: David B. Sisson, Esq.
                  LAW OFFICES OF B DAVID SISSON
                  PO Box 534
                  224 W. Gray, Ste 101
                  Norman, OK 73070-0534
                  Tel: (405) 447-2521
                  Fax: (405) 447-2552
                  E-mail: sisson@sissonlawoffice.com

Total Assets: $2.26 million

Total Liabilities: $406,457

The petition was signed by William Pat Pointon, president.

A list of the Debtor's three largest unsecured creditors is
available for free at http://bankrupt.com/misc/okwb16-12416.pdf


POPEXPERT INC: Seeks to Hire Bachecki Crom as Tax Advisor
---------------------------------------------------------
PopExpert, Inc. seeks approval from the U.S. Bankruptcy Court for
the Northern District of California to hire Bachecki, Crom & Co.,
LLP as its tax advisor.

The Debtor tapped the firm to prepare corporate income tax returns
and monthly operating reports, assist in winding up income tax
claims, and confer with its legal counsel regarding income tax
matters.

The firm's employees and their hourly rates are:

     Partners             $380 - $525
     Senior Accountant    $270 - $360
     Junior Accountant    $165 - $260

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

The firm can be reached through:

     Jay Crom
     Bachecki, Crom & Co., LLP
     400 Oyster Point Blvd #106
     South San Francisco, CA 94080
     Phone: (415)398-3534
     Fax: (415)788-0855
     E-mail: bachcrom@bachcrom.com

                         About PopExpert

PopExpert, Inc., nka Old PXPRT Inc., develops and operates a number
of internet platforms that provide on demand access to lifelong
learning.  Its platforms enable customers to learn from top experts
around topics that help customers improve at life, work and play.
On popexpert.com individuals can connect with experts for live and
one-to-one video lessons in several subject areas.  The subject
areas generally involve topics of emotional intelligence or
emotional quotient (EQ), such as meditation, nutrition,
relationships, productivity, career mentoring, language, music, and
style. The experience on the PopExpert Web site --
http://www.popexpert.com/-- allows users to book and pay for
lessons, and video chat, all from their accounts, as well as to
sign up for on demand online workshops in various topics.

PopExpert, Inc., sought protection under Chapter 11 of the
Bankruptcy Code in the Northern District of California (San
Francisco) (Case No. 16-30390) on April 12, 2016.  The petition was
signed by Ingrid Sanders, chief executive officer.

The case is assigned to Judge Hannah L. Blumenstiel.

The Debtor is represented by Ori Katz, Esq., at Sheppard, Mullin,
Richter & Hampton.  

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


POSITRON CORP: Agrees to Buy Cecil O'Brate Shares for $100,000
--------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission on June 21, 2016, Cecil O'Brate disclosed that he
beneficially owns 3,276,297 shares of common stock of Positron
Corporation representing 23 percent based upon 14,275,797 shares of
the issuer's common stock, par value $0.0001 per share, outstanding
as of Nov. 23, 2015.

On Aug. 28, 2015, DX, LLC and certain other creditors of the
Company filed an involuntary Chapter 11 bankruptcy petition against
Positron in the U.S. Bankruptcy Court for the Northern District of
Texas, Lubbock Division, in a case pending under Case No.
15-502015-rlj, and styled: In re: Positron Corporation.

On April 19, 2016, certain creditors, including DX, and the Company
entered into a Terms For Agreed Structured Dismissal providing for
the dismissal of the Bankruptcy Proceeding.  On
May 2, 2016, the creditors and Positron filed a Joint Motion to
Approve Agreed Structured Dismissal Pursuant to Bankruptcy Rule
9019.  The Joint Motion has not been approved by the Bankruptcy
Court, and certain creditors have filed objections to the Joint
Motion.

The Petitioning Creditors consist of the following: DX, LLC, Jason
& Suzanne Kitten, Moress, LLC and Posi-Med, LLC.  Cecil O'Brate is
a party to this Agreement since the Agreement provides that
Positron will purchase any and all shares of stock in Positron
owned by Cecil O'Brate for the total consideration of $100,000.  

                 About Positron Corporation

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

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

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

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


POWELL VALLEY: U.S. Trustee Forms 2-Member Committee
----------------------------------------------------
The Office of the U.S. Trustee on June 21 appointed two creditors
of Powell Valley Health Care, Inc., to serve on the official
committee of unsecured creditors.

The committee members are:

     (1) Larry Heiser
         2191 South Flat Road
         Worland, WY 82401
         307-347-3633 (O);
         307-431-2467 (C)
         Email: larry@westernsagecpas.com

         Counsel: Randy Royal
         524 5th Ave. South
         PO Box 551
         Greybull, WY 82426
         Phone: 307-765-4433
         Email: rlroyal@randylroyalpc.com

     (2) Veronica Sommerville
         943 Barley Ct.
         Powell, WY 82435
         307-272-5670
         Email: ronnieskloset@gmail.com

         Counsel: Randy Royal
         524 5th Ave. South
         PO Box 551
         Greybull, WY 82426
         Phone: 307-765-4433
         Email Address: rlroyal@randylroyalpc.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 Powell Valley

Powell Valley Health Care, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Wyo. Case No. 16-20326) on May 16, 2016.

No trustee or examiner has been appointed in the case.


PREMONT ISD: Moody's Affirms Ba1 Rating on General Obligation Debt
------------------------------------------------------------------
Moody's said it affirmed the Ba1 rating on Premont Independent
School District, TX's general obligation debt. Concurrently,
Moody's has assigned a stable outlook. The rating action affects
$1.7 million of debt outstanding.

The affirmation of the Ba1 reflects the trend of improved finances
and healthy reserve growth but also considers persistent enrollment
declines and the district's recently revised accreditation status
to "Not Accredited - Revoked" due to deficiencies in academic
performance and low test scores. The rating additionally reflects
the small tax base that is expected to decline due to oil and gas
valuations, weak residential income levels and manageable debt and
pension burdens.

Rating Outlook

Moody's said, "The assignment of the stable outlook primarily
reflects our expectation that the district will continue to
prudently manage its finances and grow reserves, although
persistent enrollment declines will challenge district's ability to
generate additional revenue."

Factors that Could Lead to an Upgrade

Return to accredited status

Positive turnaround in the enrollment trend

Tax base growth and diversification

Factors that Could Lead to a Downgrade

Material tax base contraction

Deterioration in reserves

Legal Security

The bonds are secured by a continuing and direct annual ad valorem
tax, levied on all taxable property without legal limitation as to
rate or amount.

Use of Proceeds. Not applicable.

Obligor Profile

Premont Independent School District is situated about 80 miles east
of the City of Laredo (Aa2 stable), and 65 miles southwest of
Corpus Christi (Aa2 negative). The area is an agricultural and
petroleum producing area. The average daily attendance in school
year 2016 was 441.


PRICEVILLE PARTNERS: Wants Plan Filing Period Extended to Sept. 14
------------------------------------------------------------------
Priceville Partners, LLC, asks the U.S. Bankruptcy Court for the
Northern District of Alabama to extend the exclusivity period for
filing a Disclosure Statement and Plan to Sept. 14, 2016.

The Disclosure Statement and Plan is due 20 days from the
commencement of the case, which falls on July 2, 2016.

Since the inception of the bankruptcy case, Debtor has actively
gathered assets, collected accounts receivable, pursued stay
violations, and auctioned inventory and other assets.  The Debtor
has also actively marketed and sought buyers for its accounts
receivable, which is one of its largest remaining assets.  The
anticipated buyer of the accounts receivable is currently
conducting extensive due diligence prior to agreeing to purchase
terms.

The Debtor requests additional time to put forth its Disclosure
Statement and Plan of Reorganization to complete the contemplated
sale, with court approval, of its accounts receivable.  Upon sale
of fire account receivable, the Debtor anticipates having
additional funds to use in the estate and potential distribution to
creditors.  It can then evaluate whether a Plan and Disclosure
Statement are beneficial and necessary, or if an alternative, like
conversion or dismissal, is appropriate.

The Debtor's counsel can be reached at:

     Lee R. Benton, Esq.
     Samuel C. Stephens, Esq.
     Benton & Centeno, LLP
     2019 3rd Avenue North
     Birmingham, Alabama 35203
     Tel: (205) 278-8000
     E-mail: lbenton@bcattys.com
             sstephens@bcattys.com

                     About Priceville Partners

Decatur, Alabama-based Priceville Partners, LLC, also known as
Performance Auto Sales, is engaged in the sale of automobiles.

Priceville Partners sought Chapter 11 protection (Bankr. N.D. Ala.
Case No. 16-80675) on March 4, 2016.  The case is assigned to
Judge Clifton R. Jessup Jr.

Lee R. Benton and Samuel C. Stephens, Esq., at Benton & Centeno,
LLP, are the Debtor's bankruptcy attorneys.  Andrew P. Campbell,
Esq., and Todd Campbell, Esq., at the Law Firm Of Campbell Guin,
LLC, have been tapped as special counsel.

The Debtor estimated $500,000 to $1 million in assets and $1
million to $10 million in debt.


PROGRESSIVE ACUTE CARE: U.S. Trustee Forms 3-Member Committee
-------------------------------------------------------------
Henry Hobbs, Jr., acting U.S. trustee for Region 5, on June 21
appointed three creditors of Progressive Acute Care, LLC, to serve
on the official committee of unsecured creditors.

The committee members are:

     (1) Christopher Lehmann
         Cardinal Health
         7000 Cardinal Place
         Dublin, OH 43017
         Phone: 614.757.8797
         Email: Christopher.Lehmann@cardinalhealth.com

     (2) Lifeshare Blood Centers
         Norbert Crafts
         8910 Linwood Ave.
         Shreveport, LA 71106
         
     (3) Omega Diagnostics
         Troy D. Raburn
         2915 Missouri Ave
         Shreveport, LA 71109

Mr. Lehmann will serve as the chairman of the committee, according
to a court filing.

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 Progressive Acute Care

Progressive Acute Care, LLC and its three affiliates sought
protection under Chapter 11 of the Bankruptcy Code in the Western
District of Louisiana (Case No. 16-50740) on May 23, 2016.  The
cases are jointly administered under Case No. 16-50740.


PROJECT RUBY: S&P Assigns 'B' CCR, Outlook Stable
-------------------------------------------------
S&P Global Ratings assigned its 'B' corporate credit rating to
Lenexa, Kan.-based Project Ruby Parent Corp.  The outlook is
stable.

At the same time, S&P assigned its 'B' issue-level rating and '3'
recovery rating to the company's $330 million first-lien credit
facility, comprising a $30 million revolving credit facility due
2021 (undrawn at close) and a $300 million first-lien term loan due
2023.  The '3' recovery indicates S&P's expectation of meaningful
(50%-70%; lower half of range) recovery for the first-lien debt
holders in the event of default.

Project Ruby Parent Corp. is the parent entity of Mediware, which
provides health care enterprise resource planning (ERP) software
solutions to health care providers.

"The rating reflects our view of such factors as Mediware's focus
on providing ERP software to niche health care markets, which are
very fragmented with no clear established leader, and its small
scale," said S&P Global Ratings credit analyst Geoffrey Wilson.

The stable outlook reflects S&P's view of Mediware's highly
recurring revenue base from its subscription and maintenance
agreements and S&P's expectation that the company will continue to
generate positive revenue growth and strong free operating cash
flow.


PUERTO RICO: Barred From Enacting Bankruptcy Schemes
----------------------------------------------------
In the case captioned COMMONWEALTH OF PUERTO RICO, ET AL.,
Petitioners, v. FRANKLIN CALIFORNIA TAX-FREE TRUST, ET AL. MELBA
ACOSTA-FEBO, ET AL., Petitioners, v. FRANKLIN CALIFORNIA TAX-FREE
TRUST, ET AL, No. 15-233 (U.S.), the Supreme Court of the United
States held that Puerto Rico is a "State" for purposes of the
pre-emption provision under the Federal Bankruptcy Code.

The provision pre-empts state bankruptcy laws that enable insolvent
municipalities to restructure their debts over the objections of
creditors and instead requires municipalities to restructure such
debts under Chapter 9 of the Code.

The Court stated that the provision bars Puerto Rico from enacting
its own municipal bankruptcy scheme to restructure the debt of its
insolvent public utilities companies.

A full-text copy of the Court's June 13, 2016 opinion is available
at https://is.gd/8CZBXL from Leagle.com.


PUERTO RICO: Panel Approves Power Utility Fee to Repay Debt
-----------------------------------------------------------
Michelle Kaske, writing for Bloomberg News, reported that Puerto
Rico's energy commission approved a new customer surcharge that
would repay bonds used to restructure its main electricity
provider’s $9 billion of debt.

According to the report, the three-member panel authorized on June
21 a 3.10-cent per kilowatt hour transition charge the Puerto Rico
Electric Power Authority, known as Prepa, would bill residents,
commercial customers and government entities, according to a
statement from the commission.  The revenue from the new fee will
be dedicated to repaying the restructuring bonds and will flow
directly to the debt, the report said.  The new charge is a key
part of an agreement the utility reached in December with its
creditors to reduce its obligations and modernize a system that
relies on petroleum to produce electricity, the report related.

Prepa bondholders agreed to a 15 percent loss on their securities
in exchange for new bonds with a stronger repayment pledge, the
report further related.  The restructuring plan would reduce
Prepa's debt by $600 million and offer debt-service relief for five
years of more than $700 million, the report added.


QEP RESOURCES: Fitch Assigns 'BB' Issuer Default Rating
-------------------------------------------------------
Fitch Ratings views QEP Resources's planned acquisition of Permian
acreage for approximately $600 million as neutral to the company's
ratings.  The acquisition adds approximately 9,400 net acres and 76
thousand barrels of oil equivalent (mboe) of proved reserves to the
company's nearby existing Permian acreage.

The additional acreage increases QEP's potential Permian drilling
locations by 50% while also improving upstream credit metrics,
including debt/flowing barrel and debt/1P. 98% of the acreage is
held by production providing QEP with operational flexibility.  The
company expects to add one rig at the time of closing and
anticipates the rig count to increase to five by third quarter
2018.  The acquisition's production could approach 40 mboepd by
2019, representing an increasing portion of QEP's total production.


The transaction, which is anticipated to close on or before
Sept. 30, 2016, is expected to be funded with cash on hand.
Concurrently, QEP commenced an equity offering and expects to
receive gross proceeds of approximately $367 million, or
approximately $422.1 million if the underwriters exercise their
option.  Fitch expects QEP's liquidity will remain adequate as the
company had $616 million in cash and no borrowings under their $1.8
billion credit facility as of March 31, 2016.

Fitch currently rates QEP Resources as:

QEP Resources, Inc.

   -- Long-Term Issuer Default Rating 'BB';
   -- Senior unsecured bank facility 'BB/RR4';
   -- Senior unsecured notes 'BB/RR4'.

The Rating Outlook is Stable.


QUEST SOLUTION: Further Streamlines Capital Structure & Cuts Debt
-----------------------------------------------------------------
Quest Solution, Inc., announced the Board of Directors has approved
the creation of a Series C Preferred Stock for the purpose of
converting approximately $4.5 million of subordinated debt into
approximately 4.5 million of the newly created Series C shares as
well as approximately 350,000 Series C shares in connection with
the Company's redemption of 1,000,000 common shares.  In addition,
the Viascan Group has voluntarily forgiven $500,000 of debt that
was assumed in relation to the acquisition of ViascanQdata in
October 2015.

"We took creative and non-dilutive steps to reduce our subordinated
debt by nearly 25% from the end of the first quarter, significantly
streamlining our capital structure and improving our balance sheet
to help us better execute our growth strategy," commented Gilles
Gaudreault, chief executive officer of Quest Solution, Inc.  "Our
capital structure is now better aligned with the long-term
objectives of our business and places Quest Solution in an even
stronger position to grow our business and serve our customers.
Today's announcement illustrates the support and confidence our
debt holders and the previous owners of Viascan, including myself,
have in the outlook for our business."

As of June 21, 2016, there were 15 million Series C preferred
shares authorized and approximately 4.9 million outstanding.  These
preferred shares are expected to pay a cash dividend of 6% per
annum on a quarterly basis, pending Board approval and
authorization.  The Series C preferred shares are convertible into
common shares of the company on a one-for-one basis.  The Company
has the option at any time to redeem the Series C preferred shares
at a redemption price of $1 per share.  For the second half of the
year, the Company will continue its efforts to solidify the balance
sheet position.

Additional information is available for free at:

                     https://is.gd/4Qea7k

                     About Quest Solution

Quest Solution (formerly known as Amerigo Energy, Inc.) is a
national mobility systems integrator with a focus on design,
delivery, deployment and support of fully integrated mobile
solutions.  The Company takes a consultative approach by offering
end to end solutions that include hardware, software,
communications and full lifecycle management services.  The highly
tenured team of professionals simplifies the integration process
and delivers proven problem solving solutions backed by numerous
customer references.  Motorola, Intermec, Honeywell, Panasonic,
AirWatch, Wavelink, SOTI and Zebra are major suppliers which Quest
Solution uses in its systems.

Quest Solution reported a net loss of $1.71 million on $63.9
million of total revenues for the year ended Dec. 31, 2015,
compared to net income of $301,649 on $37.3 million of total
revenues for the year ended Dec. 31, 2014.

As of March 31, 2016, Quest Solution had $53.4 million in total
assets, $55.8 million in total liabilities and a total
stockholders' deficit of $2.34 million.

The Company's auditors RBSM LLP, in Leawood, Kansas, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has a working capital deficiency and significant
subordinated debt resulting from acquisitions.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern.


RESTAURANTS ACQUISITION: Plan Filing Period Extended to Sept. 27
----------------------------------------------------------------
The Hon. Kevin Gross of the U.S. Bankruptcy Court for the District
of Delaware has extended, at the behest of Restaurants Acquisition
I, LLC, the exclusive plan filing period by 90 days through and
including Sept. 27, 2016, and the exclusive solicitation period by
90 days through and including Nov. 28, 2016.

As reported by the Troubled Company Reporter on May 31, 2016, the
relative financial complexity of the Debtor's business enterprise
necessitates a correspondingly complex and time-consuming unwinding
of the Debtor's prepetition financial and business affairs, and
further amplifies the time and effort needed to conduct a thorough
analysis of assets and liabilities.  In addition, given the
Debtor's current lack of debtor-in-possession financing, the Debtor
continues to explore alternative means of structuring and financing
its Plan and ultimate exit from bankruptcy.  The Debtor's
accomplishments so far, including the streamlining of its
operations and the resolution of its Texas state tax liability,
have stabilized the Debtor's prospects of securing the support
necessary for a successful reorganization.  However, the Debtor
requires additional time to translate these achievements into a
confirmable Plan.

                 About Restaurants Acquisition I

Restaurants Acquisition I, LLC, operates a chain of full-service
restaurants throughout Texas, largely located in the Dallas-Fort
Worth and Houston metropolitan area, operating under the
trade-names Black-eyed Pea and Dixie House.  The company had 30
restaurant locations throughout Texas but closed 15 store locations
before the bankruptcy filing.

Restaurants Acquisition I, LLC, sought Chapter 11 protection
(Bankr. D. Del. Case No. 15-12406) on Dec. 2, 2015.  The petition
was signed by Craig W. Barber, the president.  

The Debtor's debt obligations consist of $2.44 million in loans
under a secured credit agreement with CNL Financial Group, Inc.,
approximately $1.42 million in loans owed to Grove Family
Investments, L.P., approximately $850,000 owed to American Express
Bank, FSB, under a business and loan security agreement and
approximately $2.17 million in trade debt.  As of the Petition
Date, the Debtor estimates that it has approximately $3.92 million
of unsecured trade debt and other outstanding operating expenses.

Duane Morris LLP serves as counsel to the Debtor.

                             *     *     *

The Debtor on the Petition Date filed a motion to reject leases for
13 of the stores that it closed prepetition.


RESTORE HEALTH: SSG Acted as Investment Banker on Asset Sale
------------------------------------------------------------
SSG Capital Advisors, LLC, acted as the investment banker to
Restore Holdings LLC (collectively with its subsidiaries, "Restore
Health" or the "Company") on the sale of substantially all of the
assets of Restore Health Pharmacy LLC ("RH"), TCS Labs, LLC ("TCS")
and Belvidere Labs, LLC ("Belvidere") in separate transactions to
strategic parties. The transactions closed in April 2016.

RH, TCS and Belvidere are leading full-service wellness solution
providers dedicated to the custom preparation of individualized,
compounded medications.  The Company possesses approximately 10,000
unique compounded pharmaceutical formulation recipes used to treat
a wide variety of medical conditions and its pharmacists use
state-of-the-art technology and innovative, quality-controlled
compounding techniques to ensure that finished medications meet
physicians' exact specifications.  The pharmacies excel in the
formulation of drugs that are not commercially available as well as
diagnostic laboratory and clinical services and training to a
network of over 8,500 physicians and other healthcare providers
across the country.

In response to declining revenue due to increased regulatory
oversight and pressure on insurance reimbursement for compounding
pharmacies as well as integration issues from acquisitions, Restore
Health subsequently closed the Madison, Wisconsin headquarters and
pharmacy, while continuing to operate out of the St. Petersburg,
Florida and Highland Park, New Jersey facilities.  The Company
filed for protection under Chapter 11 of the U.S. Bankruptcy Code
for the Western District of Wisconsin and retained SSG as its
exclusive investment banker to conduct a sale of its assets.  SSG
conducted a comprehensive marketing process to a wide universe of
strategic and financial buyers and determined that the sale of RH
assets to Pharmacy Solutions and TCS and Belvidere pharmacies to
Pharmacy Innovations would ultimately generate the highest value
for the Company's stakeholders.

Pharmacy Solutions is a specialty pharmacy service provider that
specializes in the art of compounded medications and specialty
medications and vitamins.  Pharmacy Innovations specializes in
preparing custom compounded medications in accordance with
physician prescriptions for patients with a variety of medical
conditions.  SSG's knowledge of the compounding industry enabled
key stakeholders to maximize value by engaging with strategic
parties able to preserve therapies and serve patients.

Other professionals who worked on the transaction include:

   -- Leonard G. Leverson of Leverson Lucey & Metz SC, counsel to
the Debtors;
   -- Michael E. Banks of Haus, Roman and Banks LLP, counsel to the
Debtors;

   -- William F. Savino and Timothy P. Lyster of Woods Oviatt
Gilman LLP, counsel to Pharmacy
      Innovations; and
   -- Robert W. Van Every of Lundberg Law Office, counsel to
Pharmacy Innovations.

                 About SSG Capital Advisors, LLC

SSG Capital Advisors is an independent boutique investment bank
that assists middle-market companies and their stakeholders in
completing special situation transactions.  It provides its clients
with investment banking services in the areas of mergers and
acquisitions, private placements, financial restructurings,
valuations, litigation and strategic advisory.

SSG Capital Advisors, LLC (Member FINRA, SIPC) is a wholly owned
broker dealer of SSG Holdings, LLC.  SSG is a registered trademark
for SSG Capital Advisors, LLC.  SSG provides investment banking,
restructuring advisory, merger, acquisition and divestiture
services, private placement services and valuation opinions.


ROSETTA GENOMICS: Gets Conditional OK for HEME FISH-based Assays
----------------------------------------------------------------
Rosetta Genomics Ltd. announced receipt of conditional approval
from the New York State Department of Health for the Company's
multiple fluorescence in situ hybridization (FISH) tests for
detection of amplifications or rearrangements of DNA in a number of
hematologic cancers, such as leukemias, lymphomas and myelomas in
order to form a diagnosis and/or to evaluate prognosis or remission
of disease.  NYSDOH approval was granted under the Company's
Molecular Oncology and Cellular Tumor Marker permit.

The laboratory is CLIA certified and CAP accredited, yet New York
requires an additional permit for each test from the NYSDOH for
them to be offered to patients in the state.  The NYSDOH also
requires the Company to provide any additional information
requested within 60 business days for final approval.  With this
conditional approval, these assays are now available in all 50
states.

"We are delighted to be able to service clients across the State of
New York with a full FISH menu for liquid tumor analysis, thus
allowing them to better determine appropriate treatment options for
their patients with hematologic cancers," stated Kenneth A. Berlin,
president and chief executive officer of Rosetta Genomics.

"In addition to this expanded geographic access, recent managed
care contracting initiatives have resulted in covered lives for
these tests exceeding 155 million in the U.S.  Our recognized
expertise in FISH and our growing menu of tests serving the
hematology-oncology and pathology markets will help strengthen our
position with leading managed care plans as a provider of choice
for high-quality FISH testing and should enhance our goal to sign
additional participation agreements during the second half of
2016," added Mr. Berlin.

                         About Rosetta

Based in Rehovot, Israel, Rosetta Genomics Ltd. is seeking to
develop and commercialize new diagnostic tests based on a recently
discovered group of genes known as microRNAs.  MicroRNAs are
naturally expressed, or produced, using instructions encoded in
DNA and are believed to play an important role in normal function
and in various pathologies.  The Company has established a CLIA-
certified laboratory in Philadelphia, which enables the Company to
develop, validate and commercialize its own diagnostic tests
applying its microRNA technology.

Rosetta Genomics reported a loss from continuing operations of
US$17.34 million on US$8.26 million of total revenues for the year
ended Dec. 31, 2015, compared to a loss from continuing operations
of US$14.52 million on US$1.32 million of total revenues for the
year ended Dec. 31, 2014.

As of Dec. 31, 2015, Rosetta had US$22.4 million in total assets,
US$2.80 million in total liabilities and US$19.62 million in total
shareholders' equity.


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

                     About Seafood Academy

Seafood Academy, LLC sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.S.C. Case No. 16-02541) on May 23, 2016.
The Debtor is represented by Jonathan L. Davis, Esq., at Davis Law
Office, LLC.


SFX ENTERTAINMENT: Exclusive Plan Filing Deadline Moved to Aug. 29
------------------------------------------------------------------
The Hon. Mary F. Walrath of the U.S. Bankruptcy Court for the
District of Delaware has extended, at the behest of SFX
Entertainment, Inc., et al., the Debtors' exclusive period to file
a plan of reorganization by 90 days through and including Aug. 29,
2016, and the exclusive period for the Debtors to solicit
acceptances of the plan by 90 days, through and including Oct. 28,
2016.

                     About SFX Entertainment

SFX Entertainment, Inc., and 43 of its affiliates, a global
producer of live events and digital entertainment content focused
exclusively on the electronic music culture and other world-class
festivals, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10238 to 16-10281) on Feb. 1, 2016.  The petitions
were signed by Michael Katzenstein as chief restructuring officer.

The Debtors disclosed total assets of $662 million and total debt
of $490 million.

Judge Mary F. Walrath is assigned to the case.


SOUTHWESTERN ENERGY: S&P Lowers CCR to 'BB-', Outlook Negative
--------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on Houston,
Texas-based exploration and production (E&P) company Southwestern
Energy Co. to 'BB-' from 'BB+'.  The outlook is negative.

At the same time, S&P lowered the ratings on the company's senior
unsecured debt to 'BB-' (the same as the corporate credit rating)
from 'BB+'.  The recovery rating on the company's unsecured debt
remains '3', indicating S&P's expectation of meaningful (50% to
70%, low end of the range) recovery in the event of a payment
default.

"The downgrade on Southwestern reflects our revised revenue and
cash flow estimates and our expectation of weaker credit metrics
over the course of 2016 and 2017," said S&P Global Ratings credit
analyst Stephen Scovotti.  "We have lowered our expectations for
2016 production due largely to the lack of drilling activity, and
reduced our estimate for the company's realized natural gas price
based on actual first quarter results."

The negative outlook reflects S&P Global Ratings' view that the
company's liquidity could deteriorate unless it is able to raise
external capital or sell additional assets to fund repayment of
debt maturities in 2018.

S&P could lower the ratings if it did not believe that the company
would be able to raise external capital to fund repayments of
maturities in 2018, or if credit metrics deteriorated further,
which would most likely occur if natural gas prices weakened below
our current price deck assumptions.  

S&P could revise the outlook to stable if the company were able to
raise external capital or sell assets to address its 2018
maturities.


SPORTS AUTHORITY: Broncos Can Cancel Sponsorship, Court Says
------------------------------------------------------------
The Denver Channel reported that the Denver Broncos have the U.S.
Bankruptcy Court's permission to ax their sponsorship contract with
the bankrupt Sports Authority.

According to the report, Judge Mary F. Walrath on June 17, 2016
granted the Super Bowl champion's May 27 motion to terminate their
Aug. 1, 2011, sponsorship agreement with Englewood-based Sports
Authority.  Sports Authority also sought to exit the contract, the
report related.

Under the agreement, the exclusive "retail sporting goods" sponsor
of the Broncos was granted a non-exclusive license to use the
team's trademarked logo in places such as websites, advertising and
in-store signs; advertisements and signs, the report said.  The
deal also gave the retailer hospitality benefits such as box seats
and Super Bowl tickets, the report added.

                     About Sports Authority

Sports Authority Holdings, et al., are sporting goods retailers
with roots dating back to 1928.  The Debtors currently operate 464
stores and five distribution centers across 40 U.S. states and
Puerto Rico.  The Debtors offer a broad selection of goods from a
wide array of household and specialty brands, including Adidas,
Asics, Brooks, Columbia, FitBit, Hanesbrands, Icon Health and
Fitness, Nike, The North Face, and Under Armour, in addition to
their own private label brands.  The Debtors employ 13,000 people.

Sports Authority and six of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. D. Del. Case Nos. 16-10527 to
16-10533) on March 2, 2016.  The petitions were signed by Michael
E. Foss as chairman & chief executive officer.

The Debtors have engaged Gibson, Dunn & Crutcher LLP as general
counsel, Young Conaway Stargatt & Taylor, LLP as co-counsel,
Rothschild Inc. as investment banker, FTI Consulting, Inc., as
financial advisor and Kurtzman Carson Consultants LLC as notice,
claims, solicitation, balloting and tabulation agent.

Andrew Vara, Acting U.S. trustee for Region 3, appointed seven
creditors of Sports Authority Holdings Inc. to serve on the
official committee of unsecured creditors.  Lawyers at Pachulski
Stang Ziehl & Jones LLP represent the Official Committee of
Unsecured Creditors.


ST. MICHAEL: Court Won't Reconsider Dismissal of "Sala"
-------------------------------------------------------
Judge S. Thomas Anderson of the United States District Court for
the Western District of Tennessee, Eastern Division, denied the
plaintiff's motion for reconsideration of the court's order
dismissing the case captioned LOUIS SAIA, Plaintiff, v. FLYING J,
INC., FJ MANAGEMENT, INC. d/b/a FLYING J, INC.; FLYING J. INSURANCE
SERVICES, INC. and/or its Successor, THE BUCKNER COMPANY;
TRANSPORTATION ALLIANCE BANK, INC.; TRANSPORTATION ALLIANCE
LEASING, LLC; TAB BANK, INC.; TAB BANK, INC. d/b/a/ TRANSPORTATION
ALLIANCE LEASING, LLC; JAGIT "J.J." SINGH, STEPHEN PARKER, JOHN
DOES A, B, and C AND JANE DOES A, B, and C, Defendants, No.
15-cv-01045-STA-egb (W.D. Tenn.).

A full-text copy of Judge Anderson's June 8, 2016 order is
available at https://is.gd/Cv8Kyn from Leagle.com.

Flying J, Inc., FJ Management, Inc., Flying J Insurance Services,
Inc., The Buckner Company are represented by:

          John S. Golwen, Esq.
          Jonathan Edward Nelson, Esq.
          BASS BERRY & SIMS PLC
          The Tower at Peabody Place
          100 Peabody Place, Suite 1300
          Memphis, TN 38103
          Tel: (901)543-5900
          Fax: (901)543-5999
          Email: jgolwen@bassberry.com
                 jenelson@bassberry.com

            -- and --

          David J. Harris, Esq.
          BURCH PORTER & JOHNSON
          130 North Court Avenue
          Memphis, TN 38103
          Tel: (901)524-5000
          Fax: (901)524-5024
          Email: dharris@bpjlaw.com

Transportation Alliance Bank, Inc., Transportation Alliance
Leasing, LLC, Stephen Parker are represented by:

          David J. Harris,
          BURCH PORTER & JOHNSON
          130 North Court Avenue
          Memphis, TN 38103
          Tel: (901)524-5000
          Fax: (901)524-5024
          Email: dharris@bpjlaw.com

            -- and --

          Douglas P. Farr, Esq.
          Michael A. Gehret, Esq.
          SNELL & WILMER L.L.P.
          Gateway Tower West
          15 West South Temple, Suite 1200
          Salt Lake City, UT 84101-1547
          Tel: (801)257-1900
          Fax: (801)257-1800
          Email: dfarr@swlaw.com
                 mgehret@swlaw.com

Jagjit JJ Singh is represented by:

          Alan C. Bradshaw, Esq.
          James E. Ji, Esq.
          MANNING CURTIS BRADSHAW & BEDNAR
          136 East South Temple, Suite 1300
          Salt Lake City, UT 84111
          Tel: (801)363-5678
          Fax: (801)364-5678
          Email: abradshaw@mc2b.com
                 jji@mc2b.com

            -- and --

          Amber D. Floyd, Esq.
          Douglas M. Alrutz, Esq.
          WYATT TARRANT & COMBS, LLP
          1715 Aaron Brenner Drive, Suite 800
          Memphis, TN 38120
          Tel: (901)537-1000
          Fax: (901)537-1010
          Email: afloyd@wyattfirm.com
                 dalrutz@wyattfirm.com

            -- and --

          David J. Harris, Esq.
          BURCH PORTER & JOHNSON
          130 North Court Avenue
          Memphis, TN 38103
          Tel: (901)524-5000
          Fax: (901)524-5024
          Email: dharris@bpjlaw.com


STARWOOD CAPITAL: Said to Offer $1.2-Bil. of U.S. Malls for Sale
----------------------------------------------------------------
Ed Hammond and Jack Sidders, writing for Bloomberg News, reported
that Starwood Capital Group LLC hired Eastdil Secured LLC to broker
the sale of U.S. malls valued at about $1.2 billion, according to
two people with knowledge of the matter.

According to the report, Starwood is selling malls it had acquired
from Westfield Corp. including assets in Chicago, San Francisco and
Cleveland, the people said, asking not to be identified as the
sales process is private.

Bleak earnings forecasts from department stores, Internet shopping
and bankruptcy filings by firms including Sports Authority Inc. and
teen-clothing chain Aeropostale Inc. have damped demand for malls
among investors, the report noted.  Poorer quality malls face a
"very tough environment," Blackstone Group LP's global head of real
estate Jon Gray said June 6, the report related.

It's also getting more difficult to find buyers for lower-tier
malls, according to Green Street Advisors LLC, the report said.
The pool of investors is shallow and funding is elusive, the real
estate research firm wrote in a note to clients this month, the
report pointed out.  Several hundred malls could shut down over the
next decade, with properties reliant on Macy’s, JC Penney and
Sears at the most risk, Green Street estimates, the report said.

A Bloomberg index of regional mall landlords has gained 4.4 percent
this year, the report added.


TRINIDAD CEMENT: Fitch Affirms 'B-' IDR & Revises Outlook to Pos.
-----------------------------------------------------------------
Fitch Ratings has affirmed the Long-Term Foreign and Local currency
Issuer Default Ratings of Trinidad Cement Limited at 'B-'.  The
Rating Outlook has been revised to Positive from Stable.

The revision of the Outlook to Positive reflects Fitch's
expectations that TCL's profile will continue to strengthen in the
next 12 to 18 months given recent and scheduled debt payments as
well as cost cutting initiatives undertaken as part of its strategy
of operational excellence.  Expectations for continued credit
track-record reconstruction, sound liquidity management, low
leverage and increased profitability are key factors supporting the
Positive Outlook.  Consolidated interest coverage ratio above 5x
coupled with total leverage below 2x will likely result in a
ratings upgrade.  Conversely, any expectations of liquidity metric
deterioration and higher-than-expected leverage would likely result
in the Outlook being revised to Stable.

The ratings reflect TCL's business position in the relatively small
Caribbean cement market, poor credit history and the volatility of
its cash flow generation due to the cyclicality of the cement
industry.  TCL has relatively small operations with total capacity
across its three cement operating facilities of
2.4 million tonnes.  Further factored into the ratings is its
healthier capital structure, increased support and strategic
guidance from CEMEX, S.A.B. de C.V. (CEMEX) and the favorable
outlook for the Caribbean cement industry over the medium term
driven by the region's positive macroeconomic and business
environment.

                        KEY RATING DRIVERS

Ownership and Support from CEMEX

Fitch views TCL's ownership by CEMEX as tacit support for TCL and
its strategic market position.  CEMEX increased its ownership in
TCL to 39.5% from 20% through a rights offering during 2015.  Both
companies also signed a technical and managerial services agreement
which provides TCL with a restructured management team, technical
assistance to support the operations of TCL's trading and shipping
departments, along with additional support.  The agreement has a
three-year term and should enhance TCL's knowledge base and
operational efficiency, and ultimately result in increased
profitability.

Credit Track-Record Reconstruction

TCL has defaulted on its loans twice in the last five years, which
has been a key driver in the rating.  The company took numerous
steps following the 2014 default, including hiring a new management
team, negotiating an equity rights offering with labor unions,
refinanced its debt with a bridge loan and subsequently with the
current dual-currency five-year syndicated loan.  Fitch projects
that the company should be able to manage its capital structure
going forward and significantly improve its credit profile, given
the new loan terms as well as increased profitability resulting
from cost reduction initiatives.

Lower Leverage Expected

TCL's debt as of year-end 2015 was USD192 million this compares to
USD289 million the year before.  This reduction was mostly funded
with free cash flow (FCF) of USD55 million and a USD31 million
discount over the pre-restructured debt.  The company's EBITDA also
improved, to USD92 million during 2015, compared to USD63 million
in both 2014 and 2013.  This was primarily due to lower fuel and
electricity costs as well as cost reduction efforts. TCL's total
leverage as of year-end 2015 was 2.1x comparing favorably to 4.6x
the year before.  Fitch projects TCL will achieve a total
debt/EBITDA ratio of around 1.8x during 2016, mostly due to
scheduled debt amortization payments of about USD29 million per
year.

Leading Caribbean Producer of Cement

TCL is a major producer of cement in the Caribbean with eight
operating companies in Trinidad, Barbados, Guyana, Jamaica and
Anguilla.  The company has a dominant market position in the
Caribbean Community (CARRICOM) region particularly in key markets
such as Trinidad & Tobago and Jamaica.  A majority of the demand
for shipments of cement to small Caribbean islands is for smaller
quantities and this, coupled with the shallow ports at most of the
islands, makes it a less attractive market to many of the larger
cement players not already established in the Caribbean.  TCL's
strategic locations and strong reputation in the region translate
into cost advantages that are difficult for smaller competitors to
replicate.

KEY ASSUMPTIONS:

Fitch's assumptions for 2016-2018 are:

   -- Low single-digit total cement volumes sales growth.
   -- EBITDA margins remain above 26%.
   -- Dividends remain below USD3 million per year.
   -- Positive FCF generation is used to service debt.

                      RATING SENSITIVITIES

   -- Sound liquidity resulting in an interest coverage ratio
      above 5x and in FCF + cash and marketable securities/debt
      service coverage ratio of around 1.5x and gross leverage
      below 2x, coupled with EBITDA margins above 26% would likely

      result in an upgrade.

   -- A meaningful increase in CEMEX's current ownership of TCL
      could also lead to a ratings upgrade.

TCL's rating could be negatively affected by:

   -- Significant deterioration in the Caribbean macroeconomic and

      business environment resulting in declining volumes and
      profitability.

   -- Increased competition resulting in significant EBITDA margin

      erosion;

   -- Perceived inability to service debt comfortably.

   -- Perceived deterioration in the level of support from CEMEX.

                          LIQUIDITY

The company has relied primarily on bank debt financing, as its
credit history has contributed to tamed investor appetite in the
past, resulting in unfavorable pricing.  Consequently, TCL's
liquidity is reliant upon continued FCF generation and stable
cement demand in its main markets to meet its scheduled debt
obligations.  The company faces annual amortizations of
approximately USD29 million per year.  This compares to a cash
position of USD45 million at year-end 2015 and Fitch-estimated FCF
of around USD25 million per year for 2016-2015.

Fitch's FCF estimate is built upon expectations of funds from
operations of about USD60 million per year, and higher than
historical capex due to built-up maintenance and efficiency capex
or modest expansionary investments.  TCL's yearly capex spending is
currently constrained at USD20 million per year by the syndicated
loan agreement.  Fitch believes the company's modest total leverage
of around 2x and declining debt levels should allow it to
eventually renegotiate this restriction.

FULL LIST OF RATING ACTIONS

Fitch has affirmed these ratings of Trinidad Cement Limited:

   -- Long-Term Foreign Currency IDR at 'B-';
   -- Long-Term Local Currency IDR at 'B-';
   -- USD200 million Senior Secured Term Loan at 'B-/RR4'.


ULTRA PETROLEUM: Retention Plan Benefits Insiders, Trustee Says
---------------------------------------------------------------
Judy A. Robbins, the U.S. Trustee for Region 7, asks the U.S.
Bankruptcy Court to deny Ultra Petroleum Corp., et al.'s
Non-Insider Retention Program unless and until the Debtors offer
evidence to show that all employees proposed to receive this
benefit are in fact not "insiders."

Given the limited information in the public record and in the
unfiled Titles Document, the Titles Document suggests that at least
some of the individuals are insiders: of which nine individuals
hold positions as a Sr. Director or Director, 12 employees earned
over $200,000 in base salary and that nine of these individuals
earned over $500,000 in total compensation including bonuses in
2015), the U.S. Trustee complains.

The U.S. Trustee further complains that under well-settled
jurisprudence, "A person holding the title of an officer, including
a vice president, is presumptively what he or she appears to be --
an officer and, thus, an insider.  To overcome that presumption
requires the submission of evidence sufficient to establish that
the officer does not, in fact, participate in the management of the
debtor."

The U.S. Trustee also points out that approval of a retention bonus
covering the 29 days pre-petition would create an administrative
expense for pre-petition services not authorized by Section
503(b).

The U.S. Trustee, however, avers that should the Court approve the
Retention Motion, the U.S. Trustee requests that any retention
bonus calculated for the second quarter of 2016 should be
apportioned on a 63/91 ratio -- the non-insider employees should be
paid for only 63/91 (approximately 2/3) of their calculated earned
bonus with 28/91 or approximately 1/3 of the bonus being awarded in
the form of a pre-petition unsecured claim.

Judy A. Robbins, the U.S. Trustee for Region 7 is represented by:

       Nancy L. Holley, Esq.
       Trial Attorney
       UNITED STATES DEPARTMENT OF JUSTICE
       OFFICE OF THE UNITED STATES TRUSTEE
       515 Rusk, Suite 3516
       Houston, Texas 77002
       Telephone: (713) 718-4650 ext. 232
       Facsimile: (713) 718-4670

              About Ultra Petroleum

Ultra Petroleum Corp. is an independent oil and gas company engaged
in the development, production, operation, exploration and
acquisition of oil and natural gas properties.

Ultra Petroleum Corp. and its affiliates filed separate Chapter 11
petitions (Bankr. S.D. Tex. Case Nos. 16-32202 to 16-32209) on
April 29, 2016. The Hon. Marvin Isgur presides over the cases.

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at KIRKLAND & ELLIS LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at Jackson
Walker, L.L.P., serve as counsel to the Debtors. Rothschild Inc.
serves as the Debtors' investment banker; Petrie Partners serves as
their investment banker; and Epiq Bankruptcy Solutions, LLC, serves
as claims and noticing agent.

Ultra Petroleum Corp. listed total assets of $1.28 billion and
total liabilities of $3.91 billion as of March 31, 2016.

The petitions were signed by Garland R. Shaw, chief financial
officer.

The Company's common stock commenced trading on the OTC Pink
Marketplace under the symbol "UPLMQ" on May 3, 2016.

The Office of the U.S. Trustee has appointed seven creditors of
Ultra Petroleum Corp. to serve on the official committee of
unsecured creditors.


ULTRA PETROLEUM: U.S. Trustee, Committees Object to Bonus Plan
--------------------------------------------------------------
Judy A. Robbins, the United States Trustee for Region 7, the
Official Committee of Unsecured Creditors, and the Ad Hoc Committee
of Unsecured Creditors object to Ultra Petroleum Corp., et al.'s
proposed bonus plan.

The U.S. Trustee objects to the Bonus Plan for two reasons:

   (1) It violates the strict limitations imposed by section 503(c)
of the Bankruptcy Code, noting although the Debtors' attempt to
disguise the $6.4 million dollar proposal as an "incentive" plan
through the use of contrived performance benchmarks, the evidence
demonstrates that the bonus payments are primarily retentive in
nature, and the Debtors have not shown that the Bonus Plan is
justified by the facts and circumstances of the case.

   (2) The Bonus Motion confers administrative expenses status to
prepetition bonuses in violation of Section 503(b), which expressly
precludes their treatment as administrative expenses, particularly
because approximately one-third of the amount for the proposed
Second Quarter of 2016 bonuses relates to services that have been
rendered prepetition -- before the commencement of these cases.

The Creditors' Committee, joined by the Ad Hoc Committee, tells the
Court that it understands the need to incentivize management to
drive these cases to a successful conclusion and do not oppose the
implementation of an appropriate key employee incentive plan.

However, the Committee says despite its efforts to work diligently
in reviewing the structure of and evaluate the Proposed KEIP, a
consensual resolution with the Debtors was not reached.  The
Committee tells the Court that it has been unable to satisfy itself
that the Proposed KEIP achieves the chapter 11 objectives -- the
lack of any holdback through confirmation of these chapter 11
cases, together with the complete absence of a long term business
plan to form the underpinnings of a restructuring plan, ensure that
the Proposed KEIP achieves little else other than guaranteeing that
senior management will be well compensated, and the lack of any
link between the Proposed KEIP and the chapter 11 restructuring
means that senior management, who would ordinarily be incentivized
to drive their advisors to ensure an efficient and rapid chapter 11
process, have no incentive to do anything other than collect their
quarterly annuities.

Judy A. Robbins, the U.S. Trustee for Region 7 is represented by:

       Nancy L. Holley, Esq.
       Trial Attorney
       UNITED STATES DEPARTMENT OF JUSTICE
       OFFICE OF THE UNITED STATES TRUSTEE
       515 Rusk, Suite 3516
       Houston, Texas 77002
       Telephone: (713) 718-4650 ext. 232
       Facsimile: (713) 718-4670

Proposed Counsel to the Official Committee of Unsecured Creditors:

       Alfredo R. Pérez, Esq.
       Chris López, Esq.
       WEIL, GOTSHAL & MANGES LLP
       700 Louisiana Street, Suite 1700
       Houston, Texas 77002
       Telephone: (713) 546-5000
       Facsimile: (713) 224-9511
       Email: alfredo.perez@weil.com
              chris.lopez@weil.com

       -- and --

       Joseph H. Smolinsky, Esq.
       WEIL, GOTSHAL & MANGES LLP
       767 Fifth Avenue
       New York, New York 10153
       Telephone: (212) 310-8000
       Facsimile: (212) 310-8007
       Email: joseph.smolinsky@weil.com

Attorneys for the Ad Hoc Committee of Unsecured Creditors of Ultra
Resources, Inc.

       Dennis F. Dunne, Esq.
       Evan R. Fleck, Esq.
       MILBANK, TWEED, HADLEY & McCLOY LLP
       28 Liberty Street
       New York, New York 10005
       Telephone: (212) 530-5000
       Facsimile: (212) 530-5219
       Email: ddunne@milbank.com
              efleck@milbank.com

       -- and --

       William R. Greendyke, Esq.
       R. Andrew Black, Esq.
       Jason L. Boland, Esq.
       NORTON ROSE FULBRIGHT US LLP
       Fulbright Tower
       1301 McKinney, Suite 5100
       Houston, Texas 77010-3095
       Telephone: (713) 651-5151
       Facsimile: (713) 651-5246
       Email: william.greendyke@nortonrosefulbright.com
              andrew.black@nortonrosefulbright.com
              jason.boland@nortonrosefulbright.com

               About Ultra Petroleum

Ultra Petroleum Corp. is an independent oil and gas company engaged
in the development, production, operation, exploration and
acquisition of oil and natural gas properties.

Ultra Petroleum Corp. and its affiliates filed separate Chapter 11
petitions (Bankr. S.D. Tex. Case Nos. 16-32202 to 16-32209) on
April 29, 2016. The Hon. Marvin Isgur presides over the cases.

James H.M. Sprayregen, P.C., David R. Seligman, P.C., Michael B.
Slade, Esq., Christopher T. Greco, Esq., and Gregory F. Pesce,
Esq., at KIRKLAND & ELLIS LLP; and Patricia B. Tomasco, Esq.,
Matthew D. Cavenaugh, Esq., and Jennifer F. Wertz, Esq., at Jackson
Walker, L.L.P., serve as counsel to the Debtors. Rothschild Inc.
serves as the Debtors' investment banker; Petrie Partners serves as
their investment banker; and Epiq Bankruptcy Solutions, LLC, serves
as claims and noticing agent.

Ultra Petroleum Corp. listed total assets of $1.28 billion and
total liabilities of $3.91 billion as of March 31, 2016.

The petitions were signed by Garland R. Shaw, chief financial
officer.

The Company's common stock commenced trading on the OTC Pink
Marketplace under the symbol "UPLMQ" on May 3, 2016.

The Office of the U.S. Trustee has appointed seven creditors of
Ultra Petroleum Corp. to serve on the official committee of
unsecured creditors.


VALEANT PHARMACEUTICALS: Names Sam Eldessouky as New CAO
--------------------------------------------------------
Valeant Pharmaceuticals International, Inc. appointed Mr. Sam
Eldessouky as chief accounting officer effective as of June 15,
2016.  Mr. Eldessouky assumed the duties from Mr. Robert Rosiello,
who will continue to serve as senior vice president and chief
financial officer of the Company.

As disclosed in a regulatory filing with the Securities and
Exchange Commission, Mr. Eldessouky, age 44, has served as the
Company's senior vice president and controller since May 31, 2016.
Mr. Eldessouky joined the Company on May 31, 2016, from Tyco
International Plc, a global provider of security, fire detection
and suppression and life safety products and services, where he
served since 2004, most recently as senior vice president,
controller and chief accounting officer.  Prior to 2011, Mr.
Eldessouky served in a variety of positions at Tyco, including vice
president and assistant controller.  Before joining Tyco, Mr.
Eldessouky spent ten years at PricewaterhouseCoopers, where he held
several roles of increasing responsibility and served in PwC's
National Office providing technical accounting guidance on complex
accounting matters.

                        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 March 31, 2016, Valeant had $49.01 billion in total assets,
$43.24 billion in total liabilities and $5.77 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.


VERSO CORP: Bankruptcy Court Confirms Plan of Reorganization
------------------------------------------------------------
Verso Corporation on June 23, 2016, completed another important
step toward its emergence from bankruptcy when its Chapter 11 plan
of reorganization was confirmed by the U.S. Bankruptcy Court in the
District of Delaware.  This confirmation, which comes less than
five months after Verso and its subsidiaries filed for bankruptcy
protection under Chapter 11 of the U.S. Bankruptcy Code, clears the
way for Verso to emerge from bankruptcy, likely by the end of
July.

"Verso is extremely pleased with this speedy and successful
outcome," said Verso President and CEO David J. Paterson.  "Our
smooth path through this critical step in the restructuring process
would not have been possible without the strong support of our
funded debtholders and the Official Unsecured Creditors Committee
and the affirmative vote on our plan of reorganization by our
creditors.  Their confidence in Verso's prospects for long-term
value creation sets the stage as we chart our course to a
sustainable financial future."

Verso's restructuring will reduce the company's debt by
approximately $2.4 billion upon emergence.  Verso expects to emerge
from bankruptcy with $595 million in exit financing to support
ongoing operations and capital investments.  The exit financing
will consist of an asset-based lending facility with borrowing
capacity of up to $375 million led by Wells Fargo Bank, National
Association, and a $220 million term loan facility with available
loan proceeds of $198 million led by Barclays Bank PLC.

With the overwhelming support of all classes of creditors entitled
to vote on the plan, Verso will emerge from bankruptcy with a
unified, highly de-levered capital structure that will position the
company to successfully adapt and compete in the dynamic global
marketplace, even as challenges in the overall economic environment
continue.  The confirmed plan of reorganization requires no
material changes in the ordinary course of business to Verso's
wages and salaries, benefits, pension plans or collective
bargaining agreements.

"Verso's restructuring will not change our fundamental operating
strategy," Mr. Paterson said.  "With an unwavering commitment to
ethical business practices and transparency, we will continue to
improve safety, efficiency and operational flexibility at our
facilities, reduce costs across the organization, and deliver the
world-class products and services our customers have come to expect
from us."

"In addition, we anticipate that our unified, highly de-levered
capital structure will allow us to make investments in Verso's
business that will help mitigate the continuing decline in the
demand for coated paper products, to explore strategic
opportunities that enable profitable growth, and to create value
for all of our stakeholders," Paterson explained.  "We believe that
Verso is poised for sustainable profitability, and we are excited
about the opportunities ahead."

PJT Partners L.P. provided restructuring and transactional services
and O'Melveny & Myers LLP provided restructuring legal advice and
assistance to Verso throughout its restructuring.

                      About Verso Corporation

Verso Corporation claims to be the leading North American producer
of coated papers, which are used primarily in magazines, catalogs,
high-end advertising brochures and annual reports, among other
media and marketing publications.  It employs approximately 5,200
personnel.

Verso Corporation and 26 of its affiliates, including NewPage
Corporation, filed Chapter 11 bankruptcy petitions (Bankr. D. Del.
Case Nos. 16-10163 to 16-10189, respectively) on Jan. 26, 2016.

The petitions were signed by David Paterson, the president and
CEO.

The Debtors disclosed total assets of $2.9 billion and total debts
of $3.87 million.

The Debtors have engaged O'Melveny & Myers LLP as general counsel,
Paul, Weiss, Rifkind, Wharton & Garrison LLP as corporate counsel,
Richards, Layton & Finger, P.A. as Delaware counsel, PJT Partners
L.P. as investment banker, Alvarez & Marsal North America, LLC as
financial advisor and Prime Clerk LLC as claims and noticing
agent.

The U.S. Trustee for Region 3 has appointed seven creditors of
Verso Corp. and its affiliates to serve on the official committee
of unsecured creditors.


WABASH VALLEY: Grant of Summary Judgment vs. Northeastern Affirmed
------------------------------------------------------------------
The Court of Appeals of Indiana affirmed the trial court's grant of
summary judgment to Wabash Valley Power Association in the case
captioned Northeastern Rural Electric Membership Corporation,
Appellant/Cross-Appellee, Plaintiff, v. Wabash Valley Power
Association, Inc., Appellee/Cross-Appellant, Defendant, No.
49A02-1508-PL-1312 (Ind. Ct. App.).

The appellate court found that Northeastern Rural Electric
Membership Corporation's breach of contract claim accrued in 2004
and that the doctrines of equitable estoppel and fraudulent
concealment are inapplicable.  Thus, the appellate court concluded
that Northeastern's 2012 complaint was filed long after the
four-year statute of limitations expired, and the trial court
properly granted Wabash's motion for summary judgment.

A full-text copy of the appellate court's June 15, 2016 order is
available at https://is.gd/Sl3lac from Leagle.com.

Appellant is represented by:

          John S. Bloom, Esq.
          SHAMBAUGH KAST BECK & WILLIAMS, LLP
          229 West Berry Street, Suite 400
          Fort Wayne, IN 46802
          Tel: (260)423-1430
          Fax: (260)422-9038

            -- and --

          Henry J. Price, Esq.
          Brad A. Catlin, Esq.
          PRICE WAICUKAUSKI JOVEN & CATLIN, LLC
          301 Massachusetts Ave.
          Indianapolis, IN 46204
          Tel: (317)633-8787
          Fax: (317)633-8797
          Email: hprice@price-law.com
                 bcatlin@price-law.com

Appellee is represented by:

          Paul S. Kruse, Esq.
          PARR RICHEY OBREMSKEY FRANDSEN & PATTERSON, LLP
          225 W Main St
          Lebanon, IN 46052
          Tel: (765)482-0110
          Fax: (765)483-3444
          Email: pkruse@parrlaw.com

            -- and --

          Jeremy L. Fetty, Esq.
          Travis W. Montgomery, Esq.
          Randolph G. Holt, Esq.
          PARR RICHEY OBREMSKEY FRANDSEN & PATTERSON, LLP
          201 N Illinois St #300          
          Indianapolis, IN 46204
          Tel: (317)269-2500
          Fax: (317)269-2514
          Email: jfetty@parrlaw.com
                 tmontgomery@parrlaw.com
                 rholt@parrlaw.com

            -- and --

          John F. Kinney, Esq.
          PARR RICHEY OBREMSKEY FRANDSEN & PATTERSON, LLP
          1 E Upper Wacker Dr #2600
          Chicago, IL 60601
          Tel: (312)724-8280
          Fax: (773)960-8600


WAVE SYSTEMS: Ch.11 Trustee Hires UpShot as Claims Agent
--------------------------------------------------------
David W. Carickhoff, the Chapter 11 Trustee of Wave Systems Corp.,
seeks authority from the U.S. Bankruptcy Court for the District of
Delaware to employ UpShot Services LLC as claims and noticing
agent, nunc pro tunc to June 1, 2016.

The Trustee requires UpShot to:

   (a) prepare and serve required notices and documents in the
       Chapter 11 Case in accordance with the Bankruptcy Code and
       the Bankruptcy Rules in the form and manner directed by the

       Trustee and the Court, including: (i) notice of any claims
       bar date, (ii) notices of transfers of claims, (iii)
       notices of objections to claims and objections to transfers

       of claims, (iv) notices of any hearings on motions filed by

       the Trustee, (v) notice of the effective date of any plan
       and (vi) all other notices, orders, pleadings, publications

       and other documents as the Trustee or Court may deem
       necessary or appropriate for an orderly administration of
       the Chapter 11 Case;

   (b) maintain an official copy of the Debtor's schedules of
       assets and liabilities and statement of financial affairs,
       listing the Debtor's known creditors and the amounts owed
       thereto;

   (c) maintain (i) a list of all potential creditors, equity
       holders and other parties-in-interest; and (ii) a "core"
       mailing list consisting of all parties described in
       subsections (i), (j) and (k) of Rule 2002 and those parties

       that have filed a notice of appearance pursuant to
       Bankruptcy Rule 9010; update said lists and make such lists
       available upon request by a party-in-interest or the Clerk;

   (d) furnish a notice to all potential creditors of the last
       date for the filing of proofs of claim and a form for the
       filing of a proof of claim, after such notice and form are
       approved by this Court, and notify such potential creditors

       of the existence, amount and classification of their
       respective claims as set forth in the Schedules, which may
       be effected by inclusion of such information on a
       customized proof of claim form provided to potential
       creditors;

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

   (f) for all notices, motions, orders or other pleadings or
       documents served, prepare and file or caused to be filed
       with the Clerk an affidavit or certificate of service
       within 7 business days of service which includes (i) either

       a copy of the notice served or the docket numbers(s) and
       title(s) of the pleadings served, (ii) a list of persons
       to whom it was mailed with their addresses, (iii) the
       manner of service, and (iv) the date served;

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

   (h) maintain the official claims register for the Debtor (the
       "Claims Register") on behalf of the Clerk; upon the Clerk's

       request, provide the Clerk with certified, duplicate
       unofficial Claims Register; and specify in the Claims
       Register the following information for each claim docketed:

       (i) the claim number assigned, (ii) the date received,
       (iii) the name and address of the claimant and agent, if
       applicable, who filed the claim, (iv) the amount asserted,
       (v) the asserted classifications of the claim, (vi) the
       applicable Debtor, and (vii) any disposition of the claim;

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

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

   (k) relocate, by messenger or overnight delivery, all of the
       court-filed proofs of claim to the offices of Claims Agent,

       not less than weekly;

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

   (m) monitor the Court's docket for all notices of appearance,
       address changes, and claims-related pleadings and orders
       filed and make necessary notations on and/or changes to the

       Claims Register;

   (n) assist in the dissemination of information to the public
       and respond to requests for administrative information
       regarding the Chapter 11 Case as directed by the Trustee or

       the Court, including through the use of a case website
       and call center;

   (o) if the case is converted to chapter 7, contact the Clerk's
       Office within 3 days of the notice to Claims Agent of entry

       of the order converting the case;

   (p) Thirty days prior to the closing of this case, to the
       extent practicable, request that the Trustee submit to the
       Court a proposed Order dismissing the Claims Agent and
       terminating the services of such Claims Agent upon
       completion of its duties and responsibilities and upon the
       closing of this case;

   (q) within 7 days of notice to Claims Agent of entry of an
       order closing the Chapter 11 Case, provide to the Court the

       final version of the Claims Register as of the date
       immediately before the closing of this case; and

   (r) at the closing of this case, box and transport all original
       documents, in proper format, as provided by the Clerk's
       Office, to (i) the Philadelphia Federal Records Center,
       14700 Townsend Road, Philadelphia, Pennsylvania 19154 or
       (ii) any other location requested by the Clerk's Office.

The Trustee proposes to retain UpShot at the rates set forth in the
Services Agreement. The cost of UpShot's services will be paid from
the Debtor's estate, as provided by 28 U.S.C. section 156(c) and
Bankruptcy Code section 503(b)(1)(A). The Trustee believes that the
proposed rates to be charged by UpShot are reasonable and
appropriate for services of this nature. The Trustee respectfully
submits that UpShot's rates for its services in connection with the
claims and noticing processing services are competitive and
comparable to the rates charged by its competitors for similar
services.

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

Travis K. Vandell, chief executive officer of UpShot 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.

UpShot can be reached at:

       Travis K. Vandell
       UPSHOT SERVICES LLC
       8269 E. 23rd Avenue, Suite 275
       Denver, CO 80238
       E-mail: tvandell@upshotservices.com

                      About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems filed a Chapter 7 bankruptcy petition (Bankr. D. Del.)
on Feb. 1, 2016. On May 16, 2016, the case was converted to a
Chapter 11 proceeding (Case No. 16-10284). The case is assigned to
Judge Kevin J. Carey.

David W. Carickhoff, was appointed as Chapter 11 trustee. Mr.
Carickhoff is represented by Alan Michael Root, Esq., at Archer &
Greiner P.C.



WAVE SYSTEMS: Ch.11 Trustee Taps UpShot as Administrative Agent
---------------------------------------------------------------
David W. Carickhoff, the Chapter 11 Trustee of Wave Systems Corp.,
seeks authority from the U.S. Bankruptcy Court for the District of
Delaware to employ UpShot Services LLC as administrative agent,
nunc pro tunc to June 1, 2016.

The Trustee seeks to retain UpShot to provide, among other things,
the following bankruptcy administrative services, if and to the
extent the Trustee requests:

   (a) assisting with, among other things, balloting, and
       tabulation and calculation of votes, as well as preparing
       any appropriate reports, as required in furtherance of
       confirmation of plans of reorganization or liquidation;

   (b) generating an official ballot certification and testifying,

       if necessary, in support of the ballot tabulation results;

   (c) gathering data in conjunction with the preparation, and
       assist with the preparation, of any amendments to the
       Debtor's schedules of assets and liabilities and statements

       of financial affairs;

   (d) managing any distributions pursuant to a confirmed plan of
       reorganization or liquidation; and

   (e) providing 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 Trustee.

The fees UpShot will charge for its services to the Trustee are set
forth in the Services Agreement. The Trustee conducted a bidding
process and competitive comparison of three other firms prior to
selecting UpShot as Administrative Agent.  Additionally, UpShot
will seek reimbursement from the Trustee for reasonable expenses in
accordance with the terms of the Services Agreement.

Travis K. Vandell, chief executive officer of UpShot 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.

UpShot can be reached at:

       Travis K. Vandell
       UPSHOT SERVICES LLC
       8269 E. 23rd Avenue, Suite 275
       Denver, CO 80238
       E-mail: tvandell@upshotservices.com

                      About Wave Systems

Lee, Massachusetts-based Wave Systems Corp. (NASDAQ: WAVX) --
http://www.wave.com/-- develops, produces and markets products for
hardware-based digital security, including security applications
and services that are complementary to and work with the
specifications of the Trusted Computing Group, an industry
standards organization comprised of computer and device
manufacturers, software vendors and other computing products
manufacturers.

Wave Systems filed a Chapter 7 bankruptcy petition (Bankr. D. Del.)
on Feb. 1, 2016. On May 16, 2016, the case was converted to a
Chapter 11 proceeding (Case No. 16-10284). The case is assigned to
Judge Kevin J. Carey.

David W. Carickhoff, was appointed as Chapter 11 trustee. Mr.
Carickhoff is represented by Alan Michael Root, Esq., at Archer &
Greiner P.C.



WEST CORP: Closes Sale of Real Property for $38.8 Million
---------------------------------------------------------
West Corporation completed on June 21, 2016, the sale of certain
land, building and improvements which were primarily occupied by
the agent-based businesses divested by the Company on March 3,
2015.  The purchase price was $38.8 million . The portion of the
land, building and improvements used in the Company's retained
business was leased back to the Company in connection with the
sale.

                    About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corporation reported net income of $242 million on $2.28
billion of revenue for the year ended Dec. 31, 2015, compared to
net income of $158 million on $2.21 billion of revenue for the year
ended Dec. 31, 2014.

As of March 31, 2016, West Corp had $3.52 billion in total assets,
$4.05 billion in total liabilities and a total stockholders'
deficit of $536 million.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WEST CORP: Extends Maturity of Credit Agreement with Wells Fargo
----------------------------------------------------------------
West Corporation, certain domestic subsidiaries of the Company, as
subsidiary borrowers, Wells Fargo Bank, National Association, as
administrative agent, and the various lenders party thereto
modified the Senior Secured Credit Facilities by entering into
Amendment No. 7 to Amended and Restated Credit Agreement, amending
the Company's Amended and Restated Credit Agreement, dated as of
Oct. 5, 2010, by and among the Company, Wells Fargo, as
administrative agent, and the various lenders and other parties
party thereto from time to time.

The Amended Credit Agreement:

   * extends the maturity of a portion of the existing A-1 term  
     loans to a date that is five years from the Seventh Amendment
     Effective Date by converting such existing A-1 term loans
     into A-2 term loans;

   * extends the maturity of a portion of the existing B-10 Term
     Loans to a date that is seven years from the Seventh
     Amendment Effective Date by converting such existing B-10
     term loans into B-12 term loans;

   * extends the maturity of a portion of the existing revolving
     credit commitments to a date that is five years from the
     Seventh Amendment Effective Date, with non-extending
     revolving credit commitments being terminated as of the
     Seventh Amendment Effective Date;

   * provides for an increase of A-2 Term Loans with incremental   

     A-2 term loans, which were added to and constitute a single
     class of term loans with the A-2 Term Loans, such that the
     aggregate amount of A-2 Term Loans (after giving effect to
     the incurrence of the incremental A-2 Term Loans) is $650.0   

     million;

   * provides for an increase of B-12 Term Loans with incremental
     B-12 Term Loans, which were added to and constitute a single
     class of term loans with the B-12 Term Loans, such that the
     aggregate amount of B-12 Term Loans (after giving effect to
     the incurrence of the incremental B-12 Term Loans) is $870.0
     million;

   * provides for an increase of Extended Revolving Credit
     Commitments with incremental revolving commitments, which
     constitute a single class of commitments with the Extended
     Revolving Credit Commitments and mature on the date that is
     five years from the Seventh Amendment Effective Date, such
     that the aggregate amount of Extended Revolving Credit
     Commitments (after giving effect to the incurrence of the
     incremental revolving commitments) is $300.0 million;

   * provides for new B-14 term loans in an aggregate amount of
     $260.0 million with a maturity date that is five years from
     the Seventh Amendment Effective Date;

   * provides for annual amortization (payable in quarterly
     installments) in respect of the B-12 Term Loans in an amount  

     equal to 1.0% of the original aggregate principal amount of
     the B-12 Term Loans outstanding on the Seventh Amendment  
     Effective Date until the maturity date, at which point all   
     remaining outstanding B-12 Term Loans shall become due and
     payable;

   * provides for annual amortization (payable in quarterly
     installments) in respect of the B-14 Term Loans in an amount
     equal to 1.0% of the original aggregate principal amount of
     the B-14 Term Loans outstanding on the Seventh Amendment
     Effective Date until the maturity date, at which point all
     remaining outstanding B-14 Term Loans shall become due and
     payable;

   * provides for annual amortization (payable in quarterly
     installments and based on the original aggregate principal
     amount of the A-2 Term Loans outstanding on the Seventh
     Amendment Effective Date) in respect of the A-2 Term Loans
     payable at a 2.5% annual rate for the three quarters ending
     March 31, 2017, a 5.0% annual rate for the four quarters
     ending March 31, 2018, a 7.5% annual rate for the four
     quarters ending March 31, 2019, a 10.0% annual rate for the
     four quarters ending March 31, 2020 and a 2.5% quarterly rate

     thereafter until the maturity date, at which point all
     remaining outstanding A-2 Term Loans shall become due and
     payable;

   * provides for an interest rate margin applicable to the A-2
     Term Loans and Extended Revolving Credit Commitments that is
     based on the Company's total leverage ratio and ranges from
     1.75% to 2.50% for LIBOR rate loans (2.50%, as of the Seventh

     Amendment Effective Date), subject to a 0.0% LIBOR floor, and

     from 0.75% to 1.50% for base rate loans (1.50%, as of the
     Seventh Amendment Effective Date);

   * provides for an interest rate margin applicable to the B-12
     Term Loans equal to 3.00% for LIBOR rate loans, subject to a
     0.75% LIBOR floor and 2.00% for base rate loans, subject to a

     1.75% base rate floor; and

   * provides for an interest rate margin applicable to the B-14
     Term Loans equal to 2.75% for LIBOR rate loans, subject to a
     0.75% LIBOR floor and 1.75% for base rate loans, subject to a

     1.75% base rate floor.

Proceeds of the A-2 Term Loans, B-12 Term Loans and B-14 Term Loans
were used on the Seventh Amendment Effective Date to partially
prepay existing non-extending A-1 term loans and existing
non-extending B-10 term loans and to fully prepay existing
non-extending B-11 term loans.

After giving effect to the use of all proceeds from the
transactions described herein, as of the Seventh Amendment
Effective Date, the following were the outstanding amounts under
the Company's Senior Secured Credit Facilities:

   * approximately $34 million of B-10 Term Loans due 2018;

   * approximately $80 million of A-1 Term Loans due 2019;

   * $650 million of A-2 Term Loans due 2021;

   * $260 million of B-14 Term Loans due 2021; and

   * $870 million of B-12 Term Loans due 2023.

                    About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corporation reported net income of $242 million on $2.28
billion of revenue for the year ended Dec. 31, 2015, compared to
net income of $158 million on $2.21 billion of revenue for the year
ended Dec. 31, 2014.

As of March 31, 2016, West Corp had $3.52 billion in total assets,
$4.05 billion in total liabilities and a total stockholders'
deficit of $536 million.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WEST CORP: Issues $400 Million Senior Notes Due 2021
----------------------------------------------------
West Corporation, on June 17, 2016, issued $400 million aggregate
principal amount of 4.750% senior secured notes that mature on July
15, 2021.  The 2021 Senior Secured Notes were issued pursuant to an
indenture dated June 17, 2016, by and among the Company, the
guarantors named therein, U.S. Bank National Association, as
trustee, and U.S. Bank National Association, as collateral agent.
West used the net proceeds from the issue and the sale of the 2021
Senior Secured Notes, together with proceeds from the Seventh
Amendment described below, to partially repay certain outstanding
term loans under West's senior secured credit facilities.

The 2021 Senior Secured Notes are guaranteed, jointly and
severally, on a senior secured basis, by each Restricted Subsidiary
(as defined in the 2021 Senior Indenture) that guarantees the
Company's Senior Secured Credit Facilities.  Any subsidiary of the
Company that is released as a guarantor of the Senior Secured
Credit Facilities will automatically be released as a guarantor of
the 2021 Senior Secured Notes.

The 2021 Senior Indenture also provides for events of default
which, if any of them occurs, would permit or require the principal
of and accrued interest on such 2021 Senior Secured Notes to become
or to be declared due and payable.

                    About West Corporation

Omaha, Neb.-based West Corporation is a global provider of
communication and network infrastructure solutions.  West helps
manage or support essential enterprise communications with services
that include conferencing and collaboration, public safety
services, IP communications, interactive services such as automated
notifications, large-scale agent services and telecom services.

West Corporation reported net income of $242 million on $2.28
billion of revenue for the year ended Dec. 31, 2015, compared to
net income of $158 million on $2.21 billion of revenue for the year
ended Dec. 31, 2014.

As of March 31, 2016, West Corp had $3.52 billion in total assets,
$4.05 billion in total liabilities and a total stockholders'
deficit of $536 million.

                          *     *     *

As reported by the TCR on June 21, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on West Corp. to 'BB-'
from 'B+'.  The upgrade reflects Standard & Poor's view that lower
debt leverage and a less aggressive financial policy will
strengthen the company's financial profile.

In the April 4, 2013, edition of the TCR, Moody's Investor Service
upgraded West Corporation's Corporate Family Rating to 'B1' from
'B2'.  "The CFR upgrade to B1 reflects West's shift to a more
conservative capital structure and financial policies as a publicly
owned company," stated Moody's analyst Suzanne Wingo.


WILLIAM CONTRACTOR: Wants Plan Filing Period Extended to Sept. 30
-----------------------------------------------------------------
William Contractor Inc. asks the U.S. Bankruptcy Court for the
District of Puerto Rico to extend the exclusivity period until
Sept. 30, 2016, to submit a disclosure statement, and asks an
extension of the period to secure the votes to confirm a Plan of
Reorganization to be 60 days from the date when the Court approves
the Debtor's Disclosure Statement.

The Debtor was given until June 30, 2016, to submit a Disclosure
Statement and a Chapter 11 Plan.

An adversary proceeding was filed on Nov. 4, 2015, but the ISC is
being rescheduled by the Court and parties and there are still
pending resolutions regarding some defendants Motions to dismiss.
The ISC in the case is scheduled for Aug. 10, 2016.

The case scheduling, development and its result will give the
Debtor the possibility of completing the Plan and Disclosure
Statement.  Due to the prior scheduling of the ISC, the nature of
Debtor's operations combined with the debt of the defendants in the
adversary proceeding requires the Debtor to request an extension
exclusivity period.  The Debtor believes that it can provide a more
complete Disclosure Statement in a period 180 days considering that
an adversary proceeding that is essential to the payments of
debts.

The Debtor's counsel can be reached at:

     Damaris Quinones Vargas, Esq.
     BUFETE QUINONES VARGAS & ASOC
     11 Brau Street
     P.O. Box 429
     Cabo Rojo, PR 00623
     Tel: (787) 851-7866
     Fax: (787) 851-1717
     E-mail: damarisqv@bufetequinones.com

Headquartered in Aguada, Puerto Rico, William Contractor Inc. filed
for Chapter 11 bankruptcy protection (Bankr. D. P.R. Case No.
15-06311) on Aug. 18, 2015, listing $6.38 million in total assets
and $2.56 million in total liabilities.  The petition was signed by
Lymari Benique Moralez, vice president - secretary.

Damaris Quinones Vargas, Esq., at Bufete Quinones Vargas & Asoc
serves as the Debtor's bankruptcy counsel.


WORLD ENDURANCE: S&P Affirms 'B' CCR, Outlook Stable
----------------------------------------------------
S&P Global Ratings said it affirmed its 'B' corporate credit rating
on Tampa-based World Endurance Holdings Inc.  The rating outlook is
stable.

S&P also affirmed its 'B' issue-level rating on WEH's $240 million
senior secured credit facility (consisting of a $225 million term
loan due 2021 and $20 million revolving credit facility due 2019)
with a recovery rating of '3,' indicating S&P's expectation for
meaningful recovery (50% to 70%; upper half of the range) for
lenders in the event of a payment default.

"We base WEH's business risk assessment on the company's narrow
scope as an operator of endurance triathlon events, somewhat
limited customer base (given the training commitments required to
participate in its events), and the large number of other
activities on which participants could choose to spend their
discretionary income and time," said S&P Global Ratings credit
analyst Emile Courtney.

S&P's business risk assessment also incorporates a relatively high
fixed-cost base because of the expenses associated with staging its
portfolio of events.  The strength of WEH's IRONMAN brand and
relatively predictable revenue base only partially offset these
factors, given that much of WEH's event revenue is collected well
in advance of the actual event.  It is S&P's understanding that the
current management team and operating strategy will remain in place
following the company's acquisition by Wanda Group, which is likely
to result in an effort to grow IRONMAN events throughout Asia over
time.

The stable rating outlook reflects S&P's expectation for good
operating performance, adequate liquidity, and a moderate amount of
leverage reduction through 2017.


YELLOWSTONE CLUB: Trial in Suit vs. Jessica Blixseth Set for Oct. 3
-------------------------------------------------------------------
In the case captioned BRIAN A GLASSER, AS TRUSTEE OF THE
YELLOWSTONE CLUB LIQUIDATING TRUST, Plaintiff, v. JESSICA T.
BLIXSETH et al., Defendants, Case No. C14-1576 RAJ (W.D. Wash.),
Judge Richard A. Jones of the United States District Court for the
Western District of Washington, Seattle denied the parties'
cross-motions for summary judgment and granted the plaintiff's
motion to sever Count I.  The matter is set for trial on October 3,
2016.

A full-text copy of Judge Jones's June 7, 2016 order is available
at https://is.gd/nFpx6t from Leagle.com.

Brian A. Glasser is represented by:

          Kevin W. Barrett, Esq.
          BAILEY GLASSER LLP
          209 Capitol Street
          Charleston, WV 25301
          Tel: (304)345-6555
          Fax: (304)342-1110
          Email: kbarrett@baileyglasser.com

            -- and --

          Ora N Nwabueze, Esq.
          BAILEY GLASSER LLP
          1054 31st Street, NW, Suite 230
          Washington, DC 20007
          Tel: (202)463-2101
          Fax: (202)463-2103
          Email: onwabueze@baileyglasser.com

            -- and --

          Russell M Soloway, Esq.
          BAILEY GLASSER LLP
          One Tower Bridge
          100 Front Street, Suite 1235
          West Conshohocken, PA 19428
          Tel: (610)834-7506
          Fax: (610)834-7509
          Email: rsoloway@baileyglasser.com

            -- and --

          William A Kinsel, Esq.
          KINSEL LAW OFFICES
          2401 Fourth Avenue, Suite 850
          Seattle, WA 98121
          Tel: (206)706-8148
          Fax: (206)374-3201

Jessica T Blixseth, JTB LLC, Timothy L Blixseth, Cherrill B
Ferguson, John Doe Ferguson are represented by:

          Paul Edward Brain, Esq.
          BRAIN LAW FIRM PLLC
          1119 Pacific Avenue #1200
          Tacoma, WA 98402
          Tel: (253)327-1019


[*] Andrew Bernstein Joins EisnerAmper's FLSV Practice
------------------------------------------------------
EisnerAmper LLP on June 23 announced that Andrew C. Bernstein,
CPA/CFF, CVA, has joined the firm as a Managing Director in its
Forensic, Litigation & Valuation Services (FLVS) practice.  In this
new role, Mr. Bernstein will work from the Miami and Fort
Lauderdale offices.

Mr. Bernstein has more than 30 years of experience providing expert
testimony on economic damages, valuation and business issues in
complex business litigation.  He has testified in Federal District
Court, Federal Bankruptcy Court, State Court, Delaware Chancery
Court, International Arbitration, and other venues.

Mr. Bernstein has led forensic accounting investigations of banks,
health care entities, public companies, governmental entities and
closely held companies in a wide range of matters including
responding to regulatory actions, shareholder claims, concerns of
financial fraud and internal corporate concerns.

Mr. Bernstein has been appointed as a receiver in Federal Court; an
arbitrator by a State Court Judge and served as ICC Arbitral Panel
member.  As accountant to receiver or special master, he has
presented reports and testimony in Federal and State courts.

In making the announcement, Allen Wilen, partner-in-charge of the
EisnerAmper Forensic, Litigation & Valuation Services practice,
said, "Our intent is to grow the FLVS group in the South Florida
marketplace rapidly over the next few years, focusing on both
domestic and cross border litigation and investigations.  Andy will
be an integral part of this growth, and will be a key contributor
to the firm's national FLVS practice as well."

"Forensic accounting and litigation services are an important part
of our firm's growth plan in this market," said Barry Gould,
EisnerAmper's Partner-in-Charge of South Florida.  "We are excited
to have Andy join the team and enhance our local capabilities."

Mr. Bernstein has decades of experience in the South Florida
marketplace, both with regional firms and with major international
practices.  "I'm impressed by the firm's commitment to South
Florida," he said.  "EisnerAmper has the best platform to serve
this region, especially in electronic discovery and computer
forensics; as well as our services in anti-money laundering,
banking investigations, estate and trust litigation, international
dispute resolution, post-M&A disputes, and other areas of complex
business disputes."

                      About EisnerAmper LLP

EisnerAmper LLP is an accounting and business advisory services
firm and among the largest in the United States.  EisnerAmper
provides audit, accounting, and tax services, as well as corporate
finance, internal audit and risk management, litigation consulting
and forensic accounting, information technology, and other
professional services to a broad range of clients, including
services to more than 200 public companies.  The firm features 180
partners and principals and approximately 1,400 professionals.


[*] Ankura Appoints Two Managing Directors to Restructuring Practic
-------------------------------------------------------------------
Ankura Consulting GGroup, a business advisory and expert services
firm, on June 23 announced the appointment of Michael Baumkirchner
and Dennis Barrett to its Turnaround & Restructuring practice, and
Jaime Minihane to the firm's Risk, Resilience & Geopolitical
practice.

Mr. Michael Baumkirchner joins Ankura as Managing Director in the
Turnaround & Restructuring practice with more than 15 years of
experience in restructuring, corporate finance, commercial lending
and investment banking.  He has spent the last seven years
providing advisory services to various constituencies in both
in-court and out-of-court restructurings across a wide range of
industries including energy, financial services, telecom,
healthcare, technology and manufacturing.  
Mr. Baumkirchner is experienced in originating and structuring
secured credit backed by aviation assets, marine cargo containers,
intellectual property, power plants and telecommunication
infrastructure.  Previously, he focused on structuring and
distributing debt in the project finance, real estate, and leverage
finance markets.  Mr. Baumkirchner was most recently at FTI
Consulting.  He will be based in New York.

Mr. Dennis Barrett joins Ankura as Managing Director in the
Turnaround & Restructuring practice.  He is an experienced
professional, having served clients in a variety of industries
including air cargo, restaurant, specialty chemical,
telecommunications, consumer products and retail.  Mr. Barrett has
provided advisory services to debtors and creditors in both formal
Chapter 11 proceedings and out-of-court workout situations,
including assisting clients with financial restructurings, debt for
equity swaps, 363 asset sales, strategic planning and business
valuation.  Mr. Barrett was most recently at FTI Consulting.  He
will be based in New York.

Ms. Jaime Minihane joins Ankura as Managing Director in the Risk,
Resilience & Geopolitical practice. She has more than 15 years of
experience in national security, threat assessment and analysis,
and federal investigations for the Department of Defense.  She has
extensive experience in conducting complex criminal investigations
and counterintelligence operations worldwide in support of various
public sector initiatives.  Prior to joining Ankura, Ms. Minihane
served as a Special Agent for the Air Force Office of Special
Investigations (AFOSI) where she provided subject matter expertise
to multiple AFOSI Detachments worldwide, ensuring the critical
infrastructure, missions, and internal processes of each Air Force
base in her portfolio were protected from external and internal
hazards.  She assisted in the identification of potential
vulnerabilities at each location, and subsequently identified best
practices to mitigate prospective risks.  She will be based in
Washington, DC and Charlottesville, VA.

"It's exciting to welcome another group of highly regarded
professionals who believe in our collaborative, team-oriented
culture," said Kevin Lavin, Co-President of Ankura.  "Dennis and
Michael's vast industry experience and technical skill will be an
asset to clients of the Turnaround & Restructuring practice, while
Jaime's highly specialized knowledge will add even more
capabilities to our comprehensive Risk, Resilience & Geopolitical
practice."

                 About Ankura Consulting Group

Ankura Consulting Group -- http://www.ankuraconsultinggroup.com/--
is a business advisory and expert services firm.  Ankura's offering
includes a wide range of compliance, corporate investigation, data
analytics, disputes/litigation support, expert witness, economic
and financial analysis, forensic accounting, geopolitical advisory,
mass dispute resolution, risk advisory & management, transaction
advisory, trust services, turnaround and restructuring, valuation,
visual communications and business advisory services.  


[^] BOOK REVIEW: Lost Prophets -- An Insider's History
------------------------------------------------------
Author: Alfred L. Malabre, Jr.
Publisher: Beard Books
Softcover: 256 pages
List Price: $34.95
Review by Henry Berry

Order your personal copy today at http://is.gd/KNTLyr

Alfred Malabre's personal perspective on the U.S. economy over the
past four decades is firmly grounded in his experience and
knowledge. Economics Editor of The Wall Street Journal from 1969
to 1993 and author of its weekly "Outlook" column, Malabre was in
a singular position to follow the U.S. economy in recent decades,
have access to the major academic and political figures
responsible for economic affairs, and get behind the crucial
economic stories of the day. He brings to this critical overview
of the economy both a lively, often provocative, commentary on the
picture of the turns of the economy. To this he adds sharp
analysis and cogent explanation.

In general, Malabre does not put much stock in economists. "In
sum, the profession's record in the half century since Keynes and
White sat down at Bretton Woods [after World War II] provokes
dismay." Following this sour note, he refers to the belief of a
noted fellow economist that the Nobel Prize in this field should
be discontinued. In doing so, he also points out that the Nobel
for economics was not one originally endowed by Alfred Nobel, but
was one added at a later date funded by the central bank of Sweden
apparently in an effort to give the profession of economists the
prestige and notice of medicine, science, literature and other
Nobel categories.

Malabre's view of economists is widespread, although rarely
expressed in economic circles. It derives from the plain fact
that modern economists, even hugely influential ones such as John
Meynard Keynes, are wrong as many times as they are right. Their
economic theories have proved incomplete or shortsighted, if not
basically wrong-headed. For example, Malabre thinks of the
leading economist Milton Friedman and his "monetarist colleagues"
as "super salespeople, successfully merchandising.an economic
medicine that promised far more than it could deliver" from about
the 1960s through the Reagan years of the 1980s. But the author
not only cites how the economy has again and again disproved the
theories and exposed the irrelevance of wrong-headedness of the
policy recommendations of the most influential economists of the
day. Malabre also lays out abundant economic data and describes
contemporary marketplace and social activities to show how the
economy performs almost independently of the best analyses and
ideas of economists.

Malabre does not engage in his critiques of noted economists and
prevailing economic ideas of recent decades as an end in itself.
What emerges in all of his consistent, clear-eyed, unideological
analysis and commentary is his own broad, seasoned view of
economics-namely, the predominance of the business cycle. He
compares this with human nature, which is after all the substance
of economics often overlooked by professional and academic
economists with their focus on monetary policy, exchange rates,
inflation, and such. "The business cycle, like human nature, is
here to stay" is the lesson Malabre aims to impart to readers
interested in understanding the fundamental, abiding nature of
economics. In Lost Prophets, in language that is accessible and
jargon-free, this author, who has observed, written about, and
explained economics from all angles for several decades,
persuasively makes this point.

In addition to holding a top position at The Wall Street Journal,
Malabre is also the author of the books, Understanding the New
Economy and Beyond Our Means, which received the George S. Eccles
Prize from the Columbia Business School as the best economics book
of 1987.


                            *********

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 ***