TCR_Public/160706.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Wednesday, July 6, 2016, Vol. 20, No. 188

                            Headlines

A CHICAGO CONVENTION: Hires Ariel Weissberg as Bankruptcy Counsel
AEMETIS INC: Has Until July 22 to Consummate Merger with EdenIQ
AEROGROW INTERNATIONAL: SMG Reports 80% Equity Stake as of July 1
ALEXZA PHARMACEUTICALS: Common Stock to be Delisted from Nasdaq
ALLIANCE ONE: Receives Noncompliance Notice from NYSE

ALTOMARE AUTO: Hires Wasserman Jurista as Bankruptcy Counsel
APOLLO MEDICAL: Incurs $9.34 Million Net Loss in Fiscal 2016
ARCH COAL: Files Second Amended Plan of Reorganization
ARCH COAL: Files Second Amended Plan of Reorganization
ARCH COAL: Secures Global Settlement with Senior Secured Lenders

BMB MUNAI: Delays Fiscal 2016 Form 10-K Report
BREITBURN ENERGY: Panel Hires Berkeley Research as Fin'l Advisor
BREITBURN ENERGY: Panel Hires Houlihan as Financial Advisor
BURCON NUTRASCIENCE: Annual Meeting Set for Sept. 8
CAAMM PROPERTIES: Taps Coan Lewendon as Chapter 11 Counsel

CAESARS ENTERTAINMENT: Notifies Nasdaq of Rule Noncompliance
CAL DIVE: Sues Arendal, Hoc Offshore Over Pemex Receivables
CALIFORNIA HISPANIC: Taps Turton Commercial as Real Estate Broker
CANCER GENETICS: Names John Roberts COO and EVP of Finance
CAPITOL BC: Hires BEG's Erickson as Chief Restructuring Officer

CAPITOL BC: Hires Murphy & King as Counsel
CICERO INC: Bruce Miller Resigns as Director
CREATURE LLC: Taps Bush Kornfeld as Counsel
CS MINING: Hires Snell & Wilmer as Local Counsel
DEPAUL INDUSTRIES: Hires Henderson Bennington as Accountants

DRIVING MISS DAISY: Hires Wartchow Law as Bankruptcy Counsel
ELBIT IMAGING: Unit Signs Repayment Agreement with Financing Bank
ENGINEERED WELL SERVICE: Hires Willis & Wilkins as Attorney
EPICENTER PARTNERS: Cases Reassigned to Judge Madeleine Wanslee
GENIUS BRANDS: Business Unaffected by Brexit, Says CEO

GREAT BASIN: Signs $75 Million Securities Purchase Agreement
GUIDED THERAPEUTICS: Plans to Sell 5,000 Conv. Preferred Stock
HCSB FINANCIAL: Jennifer Harris Joins as SVP and CFO
HENDERSON ENTERPRISES: Hires Deitz Shields as Attorneys
HOTELWORKS DEVELOPMENT: Case Summary & 20 Top Unsecured Creditors

INDEPENDENCE TAX: Incurs $588,000 Net Loss in Fiscal 2016
INTREPID POTASH: Extends Debt Covenant Waiver Until July 15
ION WORLDWIDE: Hires AMSL as Co-Counsel
ION WORLDWIDE: Hires Willamette as Financial Consultants
ISTAR INC: Signs $450 Million Credit Agreement with JPMorgan

JOHN Q HAMMONS: Hires Merrick, Baker & Strauss as Counsel
KAISA GROUP: Hong Kong Proceeding Granted Recognition
KAISA GROUP: Recognition of Hong Kong Scheme Sought
KCC INTERNATIONAL: Case Summary & 20 Largest Unsecured Creditors
LINC USA GP: Cash Use Budget Until Sept. 18 Approved

MAIN STREET SCHOOLS: Case Summary & 20 Largest Unsecured Creditors
MUSCLEPHARM CORP: Stockholders Elect Four Directors
MVP TRANS: Hires Ballstaedt Law Firm as Counsel
NANOSPHERE INC: Luminex Corp. Completes Company Acquisition
PIONEER ENERGY: Amends Revolving Credit Facility

PRIME GLOBAL: Unit Signs MOU for Possible Joint Venture
SAMSON RESOURCES: Seeks September Plan Hearing Amid Objections
SFX ENTERTAINMENT: Court Approves Expansion of FTI's Services
SKYPEOPLE FRUIT: Nasdaq Sets Oct. 11 Listing Compliance Deadline
SYNCARDIA SYSTEMS: Files for Bankruptcy After Failed IPO

TELKONET INC: Three Opposition Director Nominees Get Board Seats
VERTELLUS SPECIALTIES: Creditors Object to Bid Procedures Motion
VERTELLUS SPECIALTIES: Creditors Object to DIP Motion
VIRGINIA DUL: Case Summary & 2 Unsecured Creditors
WATERBURY REALTY: Hires DelBello Donnellan as Attorneys

WESTMORELAND COAL: Amends Revolving Facility with PrivateBank
[*] Bankruptcy Filings Up in First Six Months of 2016

                            *********

A CHICAGO CONVENTION: Hires Ariel Weissberg as Bankruptcy Counsel
-----------------------------------------------------------------
A Chicago Convention Center, LLC, asks for authorization from the
Hon. Deborah L. Thorne of the U.S. Bankruptcy Court for the
Northern District of Illinois to employ Ariel Weissberg, Esq.,
Rakesh Khanna, Esq., Devvrat Sinha, Esq., and the law firm of
Weissberg and Associates, Ltd., upon general retainer, as its
attorneys, nunc pro tunc to June 23, 2016.

A hearing on the Debtor's request is set for July 19, 2016, at 9:30
a.m.

The Firm will:

     a. give ACCC legal advice and assistance with respect to its
        powers and duties as a debtor-in-possession in the
        continued operation of its business affairs and management

        of its collocation facilities, including all dealings with

        ACCC's customers;

     b. assist ACCC in the negotiation, formulation and drafting
        of an Amended Plan of Reorganization and Amended
        Disclosure Statement and to represent ACCC in the
        confirmation process;

     c. examine claims asserted against ACCC;

     d. take action as may be necessary with reference to claims
        that may be asserted against ACCC, and to prepare, on
        behalf of ACCC, applications, motions, complaints, orders,

        reports and other legal papers as may be necessary in
        connection with this proceeding and to perform all other
        legal services for ACCC which may be required;

     e. assist and represent ACCC in all adversary proceedings and

        contested matters, including motions for the use of cash
        collateral, for the sale of real and personal property, to

        modify the automatic stay, for the approval of DIP
        financing and to appoint professionals;

     f. represent ACCC in its dealings with the Office of the
        U.S. Trustee and with creditors of the estate;

     g. assist and represent ACCC in litigation in the State and
        Federal courts, where ACCC is a party or seeking to become

        a party, or otherwise become involved to protect ACCC’s
        interests and rights.

Ariel Weissberg and W&A received a pre-petition retainer in the
amount of $50,000 and ACCC has agreed to be billed at the hourly
rate of $450 subject to Bankruptcy Court approval.

Devvrat Sinha, Esq., an attorney at the Firm, assures the Court
that the Firm is a disinterested person as defined in 11 U.S.C.
101(13).

The Firm can be reached at:

        Ariel Weissberg, Esq.
        Rakesh Khanna, Esq.
        Devvrat Sinha, Esq.
        Weissberg and Associates, Ltd.
        401 S. LaSalle Street, Suite 403
        Chicago, Illinois 60605
        Tel: (312) 663-0004
        Fax: (312) 663-1514
        E-mail: ariel@weissberglaw.com
                rakesh@weissberglaw.com

                About A Chicago Convention Center

A Chicago Convention Center, LLC, was formed to raise funds and
develop a convention center complex at 8201 W. Higgins, Chicago,
Illinois.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. N. D. Ill. Case No. 16-20463) on June 23, 2016.  The
petition was signed by Ravinder Sethi, member.  

The case is assigned to Judge Deborah L. Thorne.

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


AEMETIS INC: Has Until July 22 to Consummate Merger with EdenIQ
---------------------------------------------------------------
Aemetis, Inc., and EdenIQ Acquisition Corp., a wholly-owned
subsidiary of the Company ("Merger Sub"), entered into a Second
Amendment to Agreement and Plan of Merger with EdenIQ, Inc.

Pursuant to the terms of the Amendment, the parties agreed to
extend the merger consummation date until July 22, 2016.
Additionally, under the terms of the Amendment, EdenIQ may solicit,
initiate, encourage, discuss, negotiate or accept any offer or
proposal by or from any party regarding (A) any reorganization,
recapitalization, or merger of EdenIQ; (B) any acquisition or
disposition of an interest in any capital stock of EdenIQ or any
securities convertible into any capital stock of EdenIQ; (C) any
issuance by EdenIQ of any new indebtedness or refinancing of
existing indebtedness; or (D) any similar transaction; provided,
however, that EdenIQ may not enter into any binding legal agreement
with regards to an Alternative Transaction prior to termination of
the Agreement and Plan of Merger.

A full-text copy of the Second Amendment to Agreement and Plan of
Merger is available for free at https://is.gd/oznayx

                        About Aemetis

Cupertino, Calif.-based Aemetis, Inc., is an international
renewable fuels and specialty chemical company focused on the
production of advanced fuels and chemicals and the acquisition,
development and commercialization of innovative technologies that
replace traditional petroleum-based products and convert first-
generation ethanol and biodiesel plants into advanced
biorefineries.

Aemetis reported a net loss of $27.1 million on $147 million of
revenues for the year ended Dec. 31, 2015, compared to net income
of $7.13 million on $207.7 million of revenues for the year ended
Dec. 31, 2014.

As of March 31, 2016, Aemetis had $80.53 million in total assets,
$120.50 million in total liabilities and a total stockholders'
deficit of $39.96 million.


AEROGROW INTERNATIONAL: SMG Reports 80% Equity Stake as of July 1
-----------------------------------------------------------------
In an amended Schedule 13D filed with the Securities and Exchange
Commission, SMG Growing Media, Inc. and The Scotts Miracle-Gro
Company disclosed that as of July 1, 2016, they beneficially own
24,693,704 shares of common stock of AeroGrow International, Inc.,
representing 80 percent of the shares outstanding.

The Common Stock reported in this Schedule 13D is directly owned by
SMG.  SMG is a direct wholly-owned subsidiary of Scotts.  Scotts
does not own directly any securities of the Issuer. However, as a
result of Scotts' direct ownership of all of SMG's equity, Scotts
may be deemed to beneficially own securities of the Issuer directly
owned by SMG.  Each of the Reporting Persons specifically disclaims
beneficial ownership in the Common Stock reported herein except to
the extent it actually exercises voting or dispositive power with
respect to such Common Stock.

On July 1, 2016, AeroGrow issued 878,362 shares of Common Stock to
SMG, of which: (i) 211,921 were issued as a dividend on the shares
of Series B Preferred Stock purchased by SMG under the Purchase
Agreement; (ii) 259,763 were issued as payment under the Technology
License Agreement; and (iii) 406,678 were issued as payment under
the Brand License Agreement.  No funds were used to acquire the
Common Stock pursuant to such issuances.

A full-text copy of the regulatory filing is available at:

                     https://is.gd/EhG2MP

                       About AeroGrow
  
Boulder, Colo.-based AeroGrow International, Inc., is a developer,
marketer, direct-seller, and wholesaler of advanced indoor garden
systems designed for consumer use and priced to appeal to the
gardening, cooking, and healthy eating, and home and office decor
markets.

Aerogrow reported a net loss attributable to common shareholders of
$1.22 million on $19.61 million of net revenue for the year ended
March 31, 2016, compared to a net loss attributable to common
shareholders of $1.54 million on $17.9 million of net revenue for
the year ended March 31, 2015.  As of March 31, 2016, Aerogrow had
$7.34 million in total assets, $5.14 million in total liabilities,
all current, and $2.20 million in total stockholders' equity.


ALEXZA PHARMACEUTICALS: Common Stock to be Delisted from Nasdaq
---------------------------------------------------------------
Alexza Pharmaceuticals, Inc., announced that The Nasdaq Stock
Market will delist its common stock.  Alexza's stock was suspended
on June 17, 2016, and has not traded on Nasdaq since that time.
Nasdaq will file a Form 25 with the Securities and Exchange
Commission to complete the delisting.  The delisting becomes
effective ten days after the Form 25 is filed.  For news and
additional information about the Company, including the basis for
the delisting, please review the Company's public filings or
contact the Company directly.

For more information about The Nasdaq Stock Market, visit the
Nasdaq Web site at http://www.nasdaq.com/

Nasdaq's rules governing the delisting of securities can be found
in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site:

http://www.cchwallstreet.com/NasdaqTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/

                   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.


ALLIANCE ONE: Receives Noncompliance Notice from NYSE
-----------------------------------------------------
Alliance One International, Inc., received on June 30, 2016, a
notice from NYSE Regulation, Inc. indicating that the Company is
not in compliance with the continued listing requirements of the
New York Stock Exchange under the timely filing criteria outlined
in Section 802.01E of the NYSE Listed Company Manual as a result of
its failure to timely file with the Securities and Exchange
Commission its Annual Report on Form 10-K for the fiscal year ended
March 31, 2016.

Under the NYSE rules, the Company will have six months to file the
Form 10-K with the SEC.  The Company can regain compliance with the
NYSE listing standards at any time prior to such date by filing the
Form 10-K with the SEC.  If the Company fails to file its Form 10-K
prior to that date, then NYSE Regulation may grant, at its
discretion, a further extension of up to six additional months,
depending on the specific circumstances.  The letter from the NYSE
Regulation also notes that the NYSE Regulation may commence
delisting proceedings at any time if the circumstances warrant.

Prior to its receipt of the notice, on June 29, 2016, the Company
notified NYSE Regulation that it would be unable to timely file the
Form 10-K and as a result would not be in compliance with the
NYSE's continued listing requirements under the timely filing
criteria outlined in Section 802.01E of the NYSE Listed Company
Manual.  The Company intends to file the Form 10-K as soon as
practicable.

                        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-'.


ALTOMARE AUTO: Hires Wasserman Jurista as Bankruptcy Counsel
------------------------------------------------------------
Altomare Auto Group, LLC, seeks permission from the U.S. Bankruptcy
Court for the District of New Jersey to employ Wasserman, Jurista &
Stolz, P.C., as attorney to represent the Debtor in its Chapter 11
case.

The Debtor has agreed to pay Wasserman Jurista a retainer of
$25,283 to be applied against the services to be rendered by the
Firm on behalf of the Debtor-in-Possession.

The Firm will be paid at these hourly rates:

     Robert B. Wasserman, Esq., Partner           $550
     Steven Z. Jurista, Esq., Partner             $550
     Daniel M. Stolz, Esq., Partner               $550
     Stuart M. Brown, Esq., Of Counsel            $500
     Kenneth L. Moskowitz, Esq., Of Counsel       $500
     Norman D. Kallen, Esq., Of Counsel           $500
     Keith Marlowe, Esq., Of Counsel              $500
     Leonard C. Walczyk, Esq., Partner            $425
     Scott S. Rever, Esq., Associate              $400
     Donald W. Clarke, Esq., Associate            $350
     Pamela Bellina, Paralegal                    $175
     Lorrie L. Denson, Bankruptcy Paralegal       $175
     Legal Assistants                             $125

Daniel M. Stolz, Esq., a partner of the Firm, assures the Court
that the Firm does not hold nor represent an adverse interest to
the estate and is a disinterested person under 11 U.S.C. Section
101(14).

The Firm can be reached at:

     Daniel M. Stolz, Esq.
     Leonard C. Walczyk, Esq.
     WASSERMAN, JURISTA & STOLZ, P.C.
     110 Allen Road, Suite 304
     Basking Ridge, NJ 07920
     Tel: (973) 467-2700
     Fax: (973) 467-8126
     E-mail: dstolz@wjslaw.com
             lwalczyk@wjslaw.com

Headquartered in Union, New Jersey, Altomare Auto Group, LLC, dba
Union Volkswagen filed for Chapter 11 bankruptcy protection (Bankr.
D. N.J. Case No. 16-22376) on June 27, 2016, listing $9.04 million
in total assets and $12.78 million in total liabilities.  The
petition was signed by Anthony Altomare, managing member.

Daniel Stolz, Esq., at Wasserman, Jurista & Stolz, P.C., serves as
the Debtor's bankruptcy counsel.


APOLLO MEDICAL: Incurs $9.34 Million Net Loss in Fiscal 2016
------------------------------------------------------------
Apollo Medical Holdings, Inc., filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss attributable to the Company of $9.34 million on $44.04 million
of net revenues for the year ended March 31, 2016, compared to a
net loss attributable to the Company of $1.80 million on $32.98
million of net revenues for the year ended March 31, 2015.

As of March 31, 2016, Apollo Medical had $19.6 million in total
assets, $11.01 million in total liabilities, $7.07 million in
mezzanine equity, and $1.47 million in total stockholders' equity.

"We have relied substantially on the capital and credit markets for
liquidity and to execute our business strategies, which includes a
combination of internal growth and acquisitions. Volatility and
disruption of the U.S. capital and credit markets may adversely
affect our access to capital and increase our cost of capital.
Should current economic and market conditions deteriorate, our
ability to finance our ongoing operations and our expansion may be
adversely affected, we may be unable to raise necessary funds, our
cost of debt or equity capital may increase significantly and
future access to capital markets may be adversely affected."

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

                   https://is.gd/gIU7HI

                   About Apollo Medical

Glendale, Calif.-based Apollo Medical Holdings, Inc., provides
hospitalist services in the Greater Los Angeles, California area.
Hospitalist medicine is organized around the admission and care of
patients in an inpatient facility such as a hospital or skilled
nursing facility and is focused on providing, managing and
coordinating the care of hospitalized patients.


ARCH COAL: Files Second Amended Plan of Reorganization
------------------------------------------------------
BankruptcyData.com reported that Arch Coal filed with the U.S.
Bankruptcy Court a Second Amended Joint Plan of Reorganization and
related Disclosure Statement.  According to the Disclosure
Statement, "The Plan reflects terms and conditions of the Debtors'
agreement in principle with the Creditors' Committee and by lenders
holding more than 66 2/3% of the Debtors' prepetition first lien
term loan. The Debtors, the First Lien Lenders and the Creditors'
Committee were unable to reach consensus regarding plan
distributions to holders of Notes Claims and General Unsecured
Claims.  Accordingly, on June 14, 2016, the Debtors have filed a
plan of reorganization and accompanying disclosure statement
providing that holders of General Unsecured Claims would receive
their pro rata share of the Debtors' unencumbered assets in the
form of (i) cash, subject to reductions for certain fees and,
potentially, adequate protection claims and (ii) shares of Prairie
Holdings, which is the Debtor that owns a 49% interest in Knight
Hawk Holdings, but only if it is judicially determined that Prairie
Holdings' interests in Knight Hawk Holdings are unencumbered. After
the June 14 filing, the Debtors continued to negotiate with the Ad
Hoc Committee Lenders and the Creditors' Committee.  The Amended
and Restated RSA includes the agreement of the parties to support
the global settlement potential estate claims against certain of
the First Lien Lenders for actions taken in connection with the
Debtors' prepetition exchange offers and certain of the Debtors'
employees.  In addition, although the Debtors and the Consenting
Lenders believe the claims against the Debtors' employees to be
without merit and that their pursuit would not be in the Debtors'
best interests, the Debtors' senior management has agreed to waive
$6 million in incentive compensation that it would otherwise be
expected to receive in order to facilitate this global settlement
and help expedite the path to confirmation for the benefit of all
the Debtors' stakeholders."

                         About Arch Coal

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

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

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

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

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


ARCH COAL: Files Second Amended Plan of Reorganization
------------------------------------------------------
BankruptcyData.com reported that Arch Coal filed with the U.S.
Bankruptcy Court a Second Amended Joint Plan of Reorganization and
related Disclosure Statement.  According to the Disclosure
Statement, "The Plan reflects terms and conditions of the Debtors'
agreement in principle with the Creditors' Committee and by lenders
holding more than 66 2/3% of the Debtors' prepetition first lien
term loan. The Debtors, the First Lien Lenders and the Creditors'
Committee were unable to reach consensus regarding plan
distributions to holders of Notes Claims and General Unsecured
Claims. Accordingly, on June 14, 2016, the Debtors have filed a
plan of reorganization and accompanying disclosure statement
providing that holders of General Unsecured Claims would receive
their pro rata share of the Debtors' unencumbered assets in the
form of (i) cash, subject to reductions for certain fees and,
potentially, adequate protection claims and (ii) shares of Prairie
Holdings, which is the Debtor that owns a 49% interest in Knight
Hawk Holdings, but only if it is judicially determined that Prairie
Holdings' interests in Knight Hawk Holdings are unencumbered. After
the June 14 filing, the Debtors continued to negotiate with the Ad
Hoc Committee Lenders and the Creditors' Committee.  The Amended
and Restated RSA includes the agreement of the parties to support
the global settlement potential estate claims against certain of
the First Lien Lenders for actions taken in connection with the
Debtors' prepetition exchange offers and certain of the Debtors'
employees.  In addition, although the Debtors and the Consenting
Lenders believe the claims against the Debtors' employees to be
without merit and that their pursuit would not be in the Debtors'
best interests, the Debtors' senior management has agreed to waive
$6 million in incentive compensation that it would otherwise be
expected to receive in order to facilitate this global settlement
and help expedite the path to confirmation for the benefit of all
the Debtors' stakeholders."

                         About Arch Coal

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

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

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

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

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


ARCH COAL: Secures Global Settlement with Senior Secured Lenders
----------------------------------------------------------------
Arch Coal, Inc., on July 5, 2016, disclosed that it has secured a
global settlement with certain of its senior secured lenders that
hold more than 66 2/3% of its first lien term loan and the Official
Committee of Unsecured Creditors (the "UCC").  The company has
filed an amended Plan of Reorganization (the "Plan") that
incorporates and implements the global settlement and a related
Disclosure Statement with the United States Bankruptcy Court for
the Eastern District of Missouri.

"The global settlement is a momentous achievement that should
facilitate a timely and successful conclusion to our financial
restructuring process," said John W. Eaves, Arch's chairman and
CEO.  "With this agreement, the path is now clear for Arch to move
forward with our plan to position the company for long-term success
-- by strengthening our balance sheet, building upon our strong
operational performance, and delivering on our unwavering
commitment to safety and reclamation excellence.  We are sharply
focused on emerging from this court-supervised process in an
expeditious manner, and as a stronger and more nimble player
well-equipped to compete in a rapidly evolving marketplace."  

"We want to recognize the tremendous contributions of Arch's
workforce throughout this process.  Through their dedication and
hard work, our employees have enabled us to operate in an
uninterrupted manner and continue to set the industry standard for
safety and environmental performance," continued Mr. Eaves.

The full terms of the agreement are available in a Form 8-K that
has been filed with the Securities and Exchange Commission.

A hearing to consider approval of the Disclosure Statement is
scheduled for July 6, 2016.  Following approval of the Disclosure
Statement, the company intends to solicit creditor votes and seek
the Bankruptcy Court's confirmation of the Plan on the timeline
outlined in the Global Settlement Agreement.

Davis Polk & Wardwell LLP is serving as legal advisor to Arch Coal,
and PJT Partners is serving as financial advisor.

                        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.


BMB MUNAI: Delays Fiscal 2016 Form 10-K Report
----------------------------------------------
BMB Munai, Inc., filed with the U.S. Securities and Exchange
Commission a Notification of Late Filing on Form 12b-25 with
respect to its annual report on Form 10-K for the year ended
March 31, 2016.  The Company said the Annual Report could not be
timely filed because management requires additional time to compile
and verify the data required to be included in the report.
According to the Company, the report will be filed within fifteen
calendar days of the date the original report was due.

During the fiscal year ended March 31, 2016, and the period from
Aug. 25, 2014 (inception) to March 31, 2015, the Company realized
no revenue.  The Company anticipates that during the fiscal year
ended March 31, 2016, total operating expenses will have increased
approximately 258% compared to the period from inception to March
31, 2015.  This increase was primarily attributable to increases in
professional fees and general and administrative fees of
approximately 131% and 545%, respectively, due to the acquisition
of FFIN Securities, Inc., and FFIN's efforts to seek licensure to
operate as a U.S. securities broker dealer, and to complete the
acquisitions of Investment Company Freedom Finance LLC, and the
securities brokerage and financial services business conducted by
it in Russia, and its wholly owned subsidiary, Freedom Finance JSC,
and the securities brokerage and financial services business
conducted by it in Kazakhstan, and FFINEU Investments Limited and
the securities brokerage and financial services business conducted
by it in Cyprus.

Because the Company realized only expenses during the fiscal year
ended March 31, 2016, and the period from inception to March 31,
2015, it expects to realize a loss from operations during the
fiscal year ended March 31, 2016, of approximately $496,000 and net
loss of approximately $494,000 compared to a loss from operations
of approximately $138,000 and a net loss of approximately $139,000
during the period from inception to March 31, 2015.

                       About BMB Munai

BMB Munai, Inc., is engaged in oil and natural gas exploration and
production through Emir Oil LLP, which was sold to a third party
entity in 2011.  The Company has been focused on satisfying its
post-closing undertakings in connection with the sale of Emir Oil,
winding down its operations in Kazakhstan and exploring oil and
gas opportunities.

BMB Munai reported a net loss of $18,800 on $0 of revenues for the
year ended March 31, 2015, compared with a net loss of $1.6 million
on $0 of revenues for the year ended March 31, 2014.

Eide Bailly LLP, in Salt Lake City, Utah, issued a "going concern"
qualification on the consolidated financial statements for the year
ended March 31, 2015, citing that BMB Munai, Inc. has no continuing
operations that result in positive cash flow.  This situation
raises substantial doubt about its ability to continue as a going
concern.


BREITBURN ENERGY: Panel Hires Berkeley Research as Fin'l Advisor
----------------------------------------------------------------
The Official Committee of Unsecured Creditors of Breitburn Energy
Partners LP, et al., seeks authorization from the U.S. Bankruptcy
Court for the Southern District of New York to retain Berkeley
Research Group, LLC as financial advisor for the Committee, nunc
pro tunc to June 6, 2016.

The Committee requires BRG to:

     a. advise and assist the Committee and counsel in its review
of the pre-petitions liens of the secured parties (the "Collateral
and Lien Review");

     b. in connection with the Collateral and Lien Review, and in
coordination with Houlihan, 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;

     c. advise and assist the Committee in the evaluation of the
Debtors' contractual arrangements as they relate to the Collateral
and Lien Review;

     d. in connection with the Collateral and Lien Review, monitor
and trace cash receipts and disbursements to the appropriate
source/asset as requested by the Committee;

     e. advise and assist the Committee and counsel (as requested),
in its review of the use of proceeds from hedge terminations;

     f. attend Committee meetings and court hearings as may be
requested by the Committee or its counsel;

     g. render such other general business consulting or assistance
as the Committee or its counsel may been necessary, consistent with
the role of a financial advisor; and

     h. perform other potential services as the Committee may
request from time to time, including: rendering expert testimony,
issuing expert reports and or 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.

Berkeley Research Group will be paid at these hourly rates:

      Christopher Kearns                $940
      Mark Shankweiler                  $875
      Rick Wright                       $665
      Michael Dellavalle                $325
      Brian Park                        $275
      Managing Director                 $650-$940
      Director                          $459-$650
      Professional Staff                $275-$450
      Support Staff                     $125-$250

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

Christopher Kearns, Managing Director and a member 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.

BRG may be reached at:

     Christopher Kearns
     Berkeley Research Group, LLC
     810 7th Avenue, 41st Floor
     New York, NY 10018
     Tel: 212.782.1409
     E-mail: ckearns@thinkbrg.com

               About Breitburn Energy

Breitburn Energy Partners LP and 21 of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Lead Case No. 16-11390) on May 15, 2016,
listing assets of $4.71 billion and liabilities of $3.41 billion.

Breitburn Energy et al., are an independent oil and gas partnership
engaged in the acquisition, exploitation and development of oil and
natural gas properties, Midstream Assets, and a combination of
ethane, propane, butane and natural gasolines that when removed
from natural gas become liquid under various levels of higher
pressure and lower temperature, in the United States.  The
Debtors conduct their operations through Breitburn Parent's
wholly-owned subsidiary, Breitburn Operating LP, and BOLP's general
partner, Breitburn Operating GP LLC.

As of the Petition Date, the Debtors operate, or have working
interests in approximately 11,900 gross operating oil and gas
wells, and 7,921 net oil and gas wells.  The Debtors own
interests in approximately 705,597 net acres and had estimated
proved reserves, as of Dec. 31, 2015, of 239.3 million barrels of
oil equivalent of which approximately 54% was oil, 8% was NGLs, and
38% was natural gas.  The Debtors maintain operational control
over approximately 91% of their proved reserves.  The Debtors'
production in 2015 was 20.8 million barrels of oil equivalent, of
which approximately 56% was oil, 9% was NGLs and 35% was natural
gas.

The Debtors have engaged Weil Gotshal & Manges LLP as counsel,
Alvarez & Marsal North America, LLC as financial advisor, Lazard
Freres & Co. LLC as investment banker, and Prime Clerk LLC as
claims and noticing agent.  Curtis, Mallet-Prevost, Colt & Mosle
LLP serves as their conflicts counsel.

The cases are pending before the Honorable Stuart M. Bernstein.

The U.S. trustee for Region 2 appointed three creditors of
Breitburn Energy Partners LP and its affiliates to serve on the
official committee of unsecured creditors. The committee retained
Milbank, Tweed, Hadley & McCloy LLP as its legal counsel.


BREITBURN ENERGY: Panel Hires Houlihan as Financial Advisor
-----------------------------------------------------------
The Official Committee of Unsecured Creditors of Houlihan Lokey
Capital, Inc., et al., seeks authorization from the U.S. Bankruptcy
Court for the Southern District of New York to retain Houlihan
Lokey Capital, Inc., as financial advisor for the Committee, nunc
pro tunc to May 26, 2016.

The Committee requires Houlihan to:

     a. analyze business plans and forecasts of the Debtors;

     b. evaluate the assets and liabilities of the Debtors;

     c. assess the financial issues and options concerning (i) any
potential sale of the Debtors, either in whole or in part, and (ii)
the Debtor's chapter 11 plan(s) or reorganization or liquidation or
any other chapter 11 plan(s);

     d. analyze and review the financial and operating statements
of the Debtors;

     e. provide financial analyses as the Committee may require in
connection with these chapter 11 cases, including, but not limited
to, a valuation of the Debtors and/or their business or assets;

     f. assist in the determination of an appropriate capital
structure for the Debtors;

     g. assist with a review of the Debtors' employee benefit
programs, including key employee retention, incentive, pension and
other post-retirement benefit plans;

     h. analyze strategic alternatives available to the Debtors;

     i. evaluate the Debtors' debt capacity in light of its
projected cash flows;

     j. assist in the review of claims and with the reconciliation,
estimation, settlement, and litigation wit respect thereto;

     k. assist the Committee in identifying potential alternative
sources of liquidity in connection with any debtor-in-possesion
financing, any chapter 11 plan(s) or otherwise;

     l. represent the Committee in negotiations with the Debtors
and third parties with respect to any of the foregoing;

     m. provide testimony in court of behalf of the Committee with
respect to any of the foregoing,if necessary; and

     n. provide other financial advisory and investment banking
services as may be required by additional issues and developments
not anticipated of the Engagement Effective Date, subject to the
terms and conditions of the Engagement Letter.

Pursuant to the parties' Engagement Letter, the Debtor has agreed
to pay Houlihan for its services according to this compensation
structure:

     1. Monthly Fees: Houlihan shall be paid in advance a
nonrefundable monthly cash fee of $150,000 ("Monthly Fee"). The
first payment shall be made upon the approval of this Application
by the Bankruptcy Court and shall be in respect of the period as
from the Effective Date through the month in which payment is made.
Thereafter, payment of the Monthly Fee shall be made on every
monthly anniversary of the Effective Date during the term of this
Agreement. Each Monthly Fee shall be earned upon the Houlihan's
receipt thereof in consideration of Houlihan accepting this
engagement and performing services as described herein; and

     2. Deferred Fee: in addition to other fees provided for
herein, the Debtors shall pay Houlihan a fee (the "Deferred Fee")
to be paid in cash of $3,250,000. The Deferred Fee shall be earned
and payable upon the confirmation of a Chapter 11 plan of
reorganization or liquidation with respect to the Debtors.

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

John-Paul Hanson, Managing Director of Houlihan Lokey Capital,
Inc., assured the Court that the firm is a "disinterested person"
as the term is defined in Section 101(14) of the Bankruptcy Code
and does not represent any interest adverse to the Debtors and
their estates.

The Committee is also seeking to retain Berkeley Research Group,
LLC ("BRG") to assist the Committee in its evaluation of the
Debtor's collateral and lien reviews.

Houlihan may be reached at:

     John-Paul Hanson
     Houlihan Lokey Capital, Inc.
     245 Park Avenue, 20th Floor
     New York, NY 10167
     Tel:212.497.4262

               About Breitburn Energy

Breitburn Energy Partners LP and 21 of its affiliates filed
voluntary petitions for relief under Chapter 11 of the Bankruptcy
Code (Bankr. S.D.N.Y. Lead Case No. 16-11390) on May 15, 2016,
listing assets of $4.71 billion and liabilities of $3.41 billion.

Breitburn Energy et al., are an independent oil and gas partnership
engaged in the acquisition, exploitation and development of oil and
natural gas properties, Midstream Assets, and a combination of
ethane, propane, butane and natural gasolines that when removed
from natural gas become liquid under various levels of higher
pressure and lower temperature, in the United States.  The
Debtors conduct their operations through Breitburn Parent's
wholly-owned subsidiary, Breitburn Operating LP, and BOLP's general
partner, Breitburn Operating GP LLC.

As of the Petition Date, the Debtors operate, or have working
interests in approximately 11,900 gross operating oil and gas
wells, and 7,921 net oil and gas wells.  The Debtors own
interests in approximately 705,597 net acres and had estimated
proved reserves, as of Dec. 31, 2015, of 239.3 million barrels of
oil equivalent of which approximately 54% was oil, 8% was NGLs, and
38% was natural gas.  The Debtors maintain operational control
over approximately 91% of their proved reserves.  The Debtors'
production in 2015 was 20.8 million barrels of oil equivalent, of
which approximately 56% was oil, 9% was NGLs and 35% was natural
gas.

The Debtors have engaged Weil Gotshal & Manges LLP as counsel,
Alvarez & Marsal North America, LLC as financial advisor, Lazard
Freres & Co. LLC as investment banker, and Prime Clerk LLC as
claims and noticing agent.  Curtis, Mallet-Prevost, Colt & Mosle
LLP serves as their conflicts counsel.

The cases are pending before the Honorable Stuart M. Bernstein.

The U.S. trustee for Region 2 appointed three creditors of
Breitburn Energy Partners LP and its affiliates to serve on the
official committee of unsecured creditors. The committee retained
Milbank, Tweed, Hadley & McCloy LLP as its legal counsel.


BURCON NUTRASCIENCE: Annual Meeting Set for Sept. 8
---------------------------------------------------
Burcon Nutrascience Corporation has advised shareholders of the
Company that an annual meeting will be held on Sept. 8, 2016, at
Morris J. Wosk Centre for Dialogue, 580 West Hastings Street,
Vancouver, B.C.  The record date of the meeting is July 25, 2016.

                      About Burcon NutraScience        

Headquartered in Vancouver, Canada, Burcon NutraScience
Corporation has developed a portfolio of composition, application,
and process patents originating from its core protein extraction
and purification technology.  The Company's patented processes
utilize inexpensive oilseed meals and other plant-based sources
for the production of purified plant proteins that exhibit certain
nutritional, functional and nutraceutical profiles.

Burcon Nutrascience reported a loss of C$6.56 million on C$106,390
of revenue for the year ended March 31, 2016, compared to a loss of
C$6.57 million on C$105,387 of revenue for the year ended
March 31, 2015.

As of March 31, 2016, Burcon had C$4.85 million in total assets,
C$740,845 in total liabilities and C$4.11 million in shareholders'
equity.

"As at December 31, 2015, the Company had minimal revenues from its
technology, had an accumulated deficit of C$75,940,041, and had
relied on equity financings, private placements, rights offerings
and other equity transactions to provide the financing necessary to
undertake its research and development activities.  As at December
31, 2015, the Company had cash and cash equivalents of C$1,908,210
and short-term investments of C$1,384,000.  These conditions
indicate existence of a material uncertainty that casts substantial
doubt about the ability of the Company to meet its obligations as
they become due and, accordingly, its ability to continue as a
going concern," the Company stated in its quarterly report for the
period ended Dec. 31, 2015.


CAAMM PROPERTIES: Taps Coan Lewendon as Chapter 11 Counsel
----------------------------------------------------------
CAAMM Properties, LLC, seeks permission from the U.S. Bankruptcy
Court for the District of Connecticut to employ Dean W. Baker,
Esq., and the Law Offices of Dean W. Baker as its general chapter
11 counsel.

DB will:

     a. give Debtor legal advice with respect to its powers and
        duties as debtor-in-possession in the continued operation
        of its business and management of its property;

     b. take necessary action to formulate and put into effect an
        arrangement with creditors;

     c. prepare on behalf of the Debtor as debtor-in-possession
        necessary applications, answers, orders, reports and other

        legal papers; and

     d. perform all other legal services for Debtor as debtor-in-
        possession which may be necessary.

Dean Warren Baker, Esq., an attorney at DB, assures the Court that
the firm does not hold or represent any interest adverse to the
Debtor or its estate in the matters upon which it is to be engaged
and that it is a "disinterested person" within the meaning of
Section 101(14) of Title 11, U.S. Code.

The hourly rate of DB is currently $450.  Mr. Baker has informed
the Debtor that he will not share any compensation received or
split fees.

The Debtor wants to employ Mr. Baker under a general retainer
because of the extensive legal services required by the
Debtor-in-Possession.  The sole member of the Debtor has paid to
Coan, Lewendon, Gulliver & Miltenberger, LLC, a pre-petition
retainer for fees and costs and the firm holds therefrom, as of the
Petition date, the sum of $4,743 in its trust account for CAAMM.
The principal has agreed, as disclosed previously by CLGM, to pay
to counsel for fees and costs of the CAAMM case an additional
$5,750.  Upon approval of the Debtor's retention, the funds held by
CLGM as retainer in this case will be delivered to Mr. Baker to be
held pending further application to the Court.

Originally, the Debtor applied for authority to retain CLGM as
general Chapter 11 counsel.  The Debtor acknowledge that there may
be a conflict of interest for these jointly administered cases to
be represented by the same firm because one estate is likely to be
a creditor of the other.  While an investigation respecting the
amount of the claim continues, the Debtors believe the likelihood
of some claim is sufficient that the language of Section 327(a) of
the Bankruptcy Code would bar the same counsel from representing
both.  

DB's law firm can be reached at:

      Dean W. Baker, Esq.
      Law Offices of Dean W. Baker
      195 Church Street, Floor 8
      New Haven, Connecticut 06510

CAAMM Properties, LLC, and Fair Haven Clam & Lobster Co., LLC, are
involved in the business of shellfishing and cultivating and
harvesting shellfish.  FHC&L owns boats and equipment utilized in
the business and CAAMM owns real estate where tanks and sorters and
refrigeration equipment are housed and where docks affixed to the
real estate provide moorage for the fishing vessels.  The two
companies are owned 100% by the same sole member, Michael Fraenza.

Headquartered in New Haven, Connecticut, CAAMM Properties, LLC,
filed for Chapter 11 bankruptcy protection (Bankr. D. Conn. Case
No. 16-30622) on April 22, 2016, estimating its assets at between
$500,000 and $1 million and its liabilities at between $1 million
and $10 million.  The petition was signed by Michael Fraenza,
member.

Judge Julie A. Manning presides over the case.

Carl T. Gulliver, Esq., at Coan, Lewendon, Gulliver & Miltenberger
LLC serves as the Debtor's bankruptcy counsel.

Fair Haven Clam & Lobster Co., LLC, also filed on the same date for
Chapter 11 bankruptcy protection (Bankr. D. Conn. Case No.
16-30623).

The Debtors have filed a motion for joint administration of the
bankruptcy estates.


CAESARS ENTERTAINMENT: Notifies Nasdaq of Rule Noncompliance
------------------------------------------------------------
Caesars Entertainment Corporation provided formal notice to Nasdaq
Stock Market indicating that, effective on July 1, 2016, the
Company would not be in compliance with Nasdaq's audit committee
requirements as set forth in Nasdaq Listing Rule 5605(c)(2)(A).

As previously disclosed in a Current Report on Form 8-K filed by
Caesars Entertainment on April 14, 2016, Mr. Lynn C. Swann, an
independent director and a member of the Company's Audit Committee,
Human Resources Committee, Nominating and Corporate Governance
Committee and the 162(m) Plan Committee, resigned from the Board of
Directors of the Company effective on June 30, 2016. As a result,
commencing on July 1, 2016, and extending until such time that the
Company appoints a replacement to fill Mr. Swann's seat on the
Board and on the Audit Committee, the Company will not be in
compliance with the Nasdaq's audit committee requirements.  Under
Nasdaq Listing Rule 5605(c)(2)(A), the audit committee must be
comprised of at least three independent directors.  As of the
effective time of Mr. Swann's resignation, the Audit Committee will
be comprised of two directors, each of whom are independent under
the Nasdaq Listing Rules.

Pursuant to Nasdaq Listing Rule 5605(c)(4)(A), the Company is given
a cure period during which it is required to regain compliance with
this listing rule.  Under the listing rule, the Company has until
the earlier of the Company's next annual stockholders' meeting or
July 1, 2017.  The Company expects to receive formal notification
from Nasdaq regarding this failure to satisfy continued listing
rules during the next few weeks.

The Nominating and Corporate Governance Committee of the Company's
Board has commenced the process of identifying a qualified
independent director candidate to fill Mr. Swann's seat on the
Board and the Audit Committee.  The Company expects to fill the
vacancy created by Mr. Swann's departure within the time period
provided under Rule 5605(c)(4)(A).

                  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.


CAL DIVE: Sues Arendal, Hoc Offshore Over Pemex Receivables
-----------------------------------------------------------
Cal Dive Offshore Contractors, Inc., and Affiliated Marine
Contractors, Inc., initiated an adversary proceeding against
Arendal, S. de R.L. de C.V. and Hoc Offshore, S. de R.L. de C.V.,
seeking specific performance of the Defendants' contractual
obligation to remit to the Debtors the Pemex Receivables, alleging
the act willfully violates the automatic stay imposed in the
Chapter 11 cases of the Debtors.

The Complaint states that the Pemex Receivables "arises from the
Purchase and Sale Agreement by and among Cal Dive Offshore
Contractors, Inc., Affiliated Marine Contractors, Inc. and Arendal,
S. de R.L. de C.V. dated as of July 23, 2015," which requires that
"after certain liabilities to specified vendors for work performed
for Petroleos Mexicanos were satisfied, all remaining Pemex
Receivables were to be turned over to Cal Dive as they were
collected, less fees to Arendal on certain collections specified in
the PSA."  Before closing the PSA, Cal Dive and Arendal agreed to
enter into the Amendment on November 24, 2015, which transferred
certain licenses to Arendal and added a provision to the PSA
addressing a limited Value Added Tax issue.  Cal Dive expected that
the VAT payment metric of the Amendment would yield a benefit to
the Debtors of an additional $1 million.

The Debtors assert that the Pemex Liabilities were satisfied in
March and April 2016, but instead of transferring the funds as they
are contractually obligated to do, the Defendants recently
contrived the position that Arendal is entitled to withhold all
such funds pending the results of a tax audit for which Cal Dive
had expressly disclaimed any liability and that should already have
been resolved by the Defendants.

The Debtors also assert that the Defendants have already collected
approximately $2.5 million in Pemex Receivables and that the
Defendants will also collect an additional $8 million in Pemex
Receivables before the end of June 2016.

Although Arendal recently offered to place the Pemex Receivables
into an escrow account pending resolution of the tax audit in
question, the Debtors relate that this offer is entirely untenable
because:

    (a) Arendal has conditioned the offer on Cal Dive agreeing that
the disputed tax liabilities could be satisfied with Pemex
Receivables, a concession that would have been wholly at odds with
Plaintiffs’ contractual rights under the PSA.

    (b) Arendal’s offer would apply to all Pemex Receivables
collected going forward, even though the potential Audit exposure
represents only a portion of the Receivables that Arendal and Hoc
will collect, and Arendal and Hoc have no conceivable legal basis
to retain these excess Receivables.

    (c) Arendal refuses to use the escrow agreement and escrow
account to which the parties have already agreed.

Attorneys for Cal Dive Offshore Contractors, Inc. and Affiliated
Marine Contractors, Inc.:

       Mark D. Collins, Esq.
       Robert J. Stearn, Jr., Esq.
       Michael J. Merchant, ESq.
       Cory D. Kandestin, Esq.
       RICHARDS, LAYTON & FINGER, P.A.
       One Rodney Square
       920 North King Street
       Wilmington, Delaware 19801
       Telephone: (302) 651 7700
       Facsimile: (302) 651-7701
       Email: collins@rlf.com
              stearn@rlf.com
              merchant@rlf.com
              kandestin@rlf.com

       -- and --

       Suzzanne S. Uhland, Esq.
       Stuart Sarnoff, Esq.
       O’MELVENY & MYERS LLP
       Times Square Tower
       Seven Times Square
       New York, NY 10036
       Telephone: (212) 326-2000
       Facsimile: (212) 326-2061
       Email: suhland@omm.com
              ssarnoff@omm.com

             About Cal Dive

Houston, Texas-based marine contractor Cal Dive International,
Inc., provides manned diving, pipelay and pipe burial, platform
installation and salvage, and light well intervention services to
the offshore oil and natural gas industry on the Gulf of Mexico
OCS, Northeastern U.S., Latin America, Southeast Asia, China,
Australia, West Africa, the Middle East, and Europe.  Cal Dive and
its U.S. subsidiaries filed simultaneous voluntary petitions
(Bankr. D. Del. Lead Case No. 15-10458) on March 3, 2015.

Through the Chapter 11 process, the Company intends to sell
non-core assets and intends to reorganize or sell as a going
concern its core subsea contracting business.

Cal Dive disclosed total assets of $571 million and total debt of
$411 million as of Sept. 30, 2015.

The Debtors tapped Richards, Layton & Finger, P.A., as counsel,
O'Melveny & Myers LLP, as co-counsel; Jones Walker Jones Walker LLP
as corporate counsel; and Kurtzman Carson Consultants, LLC, as
claims and noticing agent.  The Debtors also tapped Carl Marks
Advisory Group LLC as crisis managers and appoint F. Duffield
Meyercord as chief restructuring officer.

The U.S. Trustee for Region 3 amended the committee of unsecured
creditors in the case from five-member committee to four members.
The Committee retained Akin Gump Strauss Hauer & Feld LLP and
Pepper Hamilton LLP as co-counsel; and Guggenheim Securities, LLC
as exclusive investment banker.

Cal Dive Offshore Contractors, Inc., disclosed total assets of
$233,273,806 and $311,339,932 in liabilities as of the Chapter 11
filing.


CALIFORNIA HISPANIC: Taps Turton Commercial as Real Estate Broker
-----------------------------------------------------------------
California Hispanic Commission on Alcohol and Drug Abuse, Inc.,
seeks permission from the Hon. Scott Clarkson of the U.S.
Bankruptcy Court for the Central District of California to employ
Turton Commercial Real Estate as real estate broker to market and
sell certain residential real property owned by the Debtor and
located in Sacramento, California.

On June 13, 2016, the Debtor entered into a listing agreement
retaining Turton as the listing agent on commercially reasonable
terms as set forth in that certain Residential Listing Agreement to
list for sale, inter alia, the Subject Property.

The Listing Agreement for the Subject Property provides that Turton
will be compensated for its services in an amount equal to 5% of
the gross sales price for the sale of the Subject Property.  The
Debtor is informed and believes that the commission represents the
standard commission rates used within the local real estate
industry for sales of residential real property.  The Listing
Agreement provides for a listing price of $545,000 for the Subject
Property.  Turton acknowledges that its compensation will depend
upon application to and approval by the Court of the terms and
conditions of the sale after notice to creditors.

The Debtor seeks to retain Turton to (a) market the Subject
Property, (b) show the Subject Property to potential purchasers,
(c) represent the Debtor as seller in connection with the sale of
the Subject Property, and (d) advise the Debtor with respect to
obtaining the highest and best offer available in the present
market for the Subject Property.

The Listing Agreement provides for a listing price of $545,000 for
the Subject Property.

Patrick Stelmach, licensed agent and director of Turton, assures
the Court that as a broker with the firm, he is a disinterested
person and that he has no interest adverse to the Estate in
connection with his proposed retention by the Debtor.

Turton can be reached at:

     Ken Turton
     Turton Commercial Real Estate
     2409 L Street, Suite 200
     Sacramento, CA 95816
     Tel: (916) 573-3300
     Fax: (916) 471-0290
     E-mail: kenturton@turtoncom.com

California Hispanic Commission on Alcohol and Drug Abuse, Inc., is
a nonprofit California corporation in existence since 1975 that was
founded to reduce the dependency of Hispanics on drug and alcohol.
CHCADA's services include mandated out-patient substance abuse
treatment designed to avert drug use and deter criminal behavior,
residential substance abuse recovery programs to assist homeless
individuals with counseling as to substance problems, transitional
housing for women and children who have experienced domestic
violence, and other services.  CHCADA operates counseling
facilities in California pursuant to contracts with Orange and Los
Angeles counties.  Some of CHCADA's facilities are leased
properties and others are owned by CHCADA.

CHCADA filed for Chapter 11 bankruptcy protection (Bankr. C.D.
Calif. 16-10424) on Feb. 2, 2016.  It is represented by:

     Jeremy V. Richards, Esq.
     Linda F. Cantor, Esq.
     Victoria A. Newmark, Esq.
     PACHULSKI STANG ZIEHL & JONES LLP
     10100 Santa Monica Boulevard, 13th Floor
     Los Angeles, CA 90067
     Tel: (310) 277-6910
     Fax: (310) 201-0760
     E-mail: jrichards@pszjlaw.com
             lcantor@pszjlaw.com
             vnewmark@pszjlaw.com


CANCER GENETICS: Names John Roberts COO and EVP of Finance
----------------------------------------------------------
Cancer Genetics, Inc., announced that Mr. John "Jay" Roberts, MBA,
will join the senior executive team as COO and EVP of Finance on
July 11, 2016.

Mr. Roberts brings deep operational and financial experience to CGI
with a strong track record of disciplined growth, operational
excellence, and shareholder value creation in multiple public and
private healthcare technology and service companies including
InfoLogix, AdvantEdge Healthcare Solutions, Clarient and, most
recently, VirMedica.  His professional background includes a deep
understanding of clinical and healthcare billing, diagnostics,
clinical operations, and healthcare-focused IT.  In addition, Mr.
Roberts is a long-standing board member and incoming
President-elect of the Drug Information Association (DIA), a
neutral, global nonprofit association focused on advancing health
care product development around the world by connecting
stakeholders to interdisciplinary insights and innovation.

"I am looking forward to joining an esteemed team at CGI that is
focused on innovation, establishing a global leadership position in
oncology diagnostics, and helping to maximize the commercial
potential of our assets and capabilities while ensuring we operate
in an efficient manner," said Roberts.  "I am very excited to join
CGI at this stage in the company's evolution and I look forward to
helping the team continue to build and share its vision with the
broader healthcare industry."

"Jay's expertise, insights, and history of operational and
financial success are exactly what we need to better capitalize on
the growth opportunities in front of CGI today," said Panna Sharma,
president and CEO of Cancer Genetics.  "His background coupled with
his operational and financial skills are the ideal complement to
our executive team and will play a key role in accelerating our
vision of being the oncology diagnostics leader from bench to
bedside."

Mr. Roberts has a Master of Business Administration and Bachelor of
Science from the University of Maine.  He has served as a
recognized thought leader and expert panelist for numerous
publications and programs related to corporate finance and mergers
and acquisitions in the healthcare industry.

The Employment Agreement provides for, among other things, (i) an
annual base salary of $300,000, and (ii) eligibility for an annual
cash bonus of up to 35% of his base salary.  Pursuant to the terms
of the Employment Agreement and subject continued employment and
the adoption of a new equity plan or amendment to increase the
shares available for issuance under the Company's current equity
incentive plan, the Company will grant to Mr. Roberts an option to
purchase 120,000 shares of the Company's common stock.  The
Employment Agreement has an initial one year term and automatically
renews for additional one-year terms.

                   About Cancer Genetics

Rutherford, N.J.-based Cancer Genetics, Inc., is an early-stage
diagnostics company focused on developing and commercializing
proprietary genomic tests and services to improve and personalize
the diagnosis, prognosis and response to treatment (theranosis) of
cancer.

Cancer Genetics reported a net loss of $20.2 million on $18.0
million of revenue for the year ended Dec. 31, 2015, compared to a
net loss of $16.6 million on $10.2 million of revenue for the year
ended Dec. 31, 2014.

As of March 31, 2016, Cancer Genetics had $43.96 million in total
assets, $15.7 million in total liabilities and $28.3 million in
total stockholders' equity.


CAPITOL BC: Hires BEG's Erickson as Chief Restructuring Officer
---------------------------------------------------------------
Capitol BC, LLC seeks permission from the U.S. Bankruptcy Court for
the District of Massachusetts to employ Bruce A. Erickson of B.
Erickson Group, LLC as their Chief Restructuring Officer.

The Debtor requires Mr. Erickson with the assistance of BEG to:

     a. provide management support for the wind-down and
liquidation of the Debtor's assets, including but not limited to
leasehold interest, while minimizing costs and the likelihood of
additional claims;

     b. assist as necessary in any required court related
activities, including, court appearances and testimony;

     c. assist with creditor relationships, including negotiating
standstills, settlements, or other agreements as necessary; and

     d. assist with other issues as they are identified during the
wind blown and liquidation process.

BEG will be paid at these hourly rates:

      Mr. Erickson             $350
      Additional Personnel     $195-$350

Prior to the Petition Date, BEG received $15,000 from the Debtor in
connection with BEG's services in this case.

Bruce A. Erickson, principal of B. Erickson 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.

BEG may be reached at:

      Bruce A. Erickson
      B. Erickson Group, LLC
      35 Salter St
      Portsmouth, NH 03801-5229
      E-mail: bruce@bericksongroup.com      
      
                 About Capitol BC, LLC

Capitol BC, LLC filed a Chapter 11 bankruptcy petition (Bankr.
M.D.N.C.. Case No. 15-10411) on June 10, 2016. Hon. Joan N. Feeney
presides over the case. Murphy & King professionals represents the
Debtor as counsel.  In its petition, the Debtor estimated $1
million to $10,000 millionin assets and $10 million to $50 million
in liabilities. The petition was signed by Bruce A. Erickson, CRO.


CAPITOL BC: Hires Murphy & King as Counsel
------------------------------------------
Capitol BC, LLC seeks permission from the U.S. Bankruptcy Court for
the District of Massachusetts to employ Murphy & King Professional
Corporation as counsel for the Debtor and Debtor-in-possession.

The Debtor requires M&K to:

     a. advise the Debtor with respect to its rights, powers, and
duties as a debtor-in-possession in the continued operation and
management of its business and properties;

     b. advise the Debtor with respect to any plan and any other
matters relevant to the formulation and negotiation of a plan in
this case;

     c. represent the Debtor at all heatings and matters in this
bankruptcy case;

     d. prepare, on the Debtor's behalf, all necessary and
appropriate applications, motions, answers, orders, reports, and
other pleadings and other documents in this bankruptcy case;

     e. advise the Debtor with respect to, and assist in the
negotiation and documentation of, financing agreements, debt and
cash collateral orders, and related transactions;

     f. review and analyze the nature and validity of any liens
asserted against the Debtor's property and advise the Debtor
concerning the enforceability of such liens;  

     g. advise the Debtor regarding its ability to initiate actions
to collect and recover property for the benefit of its estate;

     h. advise and assist the Debtor in connection with the sale of
any of the Debtor's assets;

     i. advise the Debtor concerning executory contracts and
unexpired leases and the assumption, assignment, rejection,
restructuring and/or recharacterization of such contracts and
leases;

     j. review and analyze the claims of the Debtor's creditors,
the treatment of such claims and the preparation, filing of
prosecution of any objections to claims;

     k. commence and conduct any and all litigation necessary or
appraise to assert rights held by the Debtor, protect assets of the
Debtor's Chapter 11 estate or otherwise further the goal on
completing the Debtor's bankruptcy case; and

     l. perform all other legal services and providing all other
necessary legal advice to the Debtor as debtor-in-possession which
may be necessary in the Debtor's bankruptcy case.

M&K will seek compensation based upon its normal and usual hourly
billing rates and will seek reimbursement of expenses.

On the Petition Date, M&K held a retainer of $37,378.  The filing
fees for this Chapter 11 case, totaling $1,717 were paid from the
Retainer.  M&K is holding the balance of the Retainer ($35,681) as
security for the payment of fees and expenses incurred by M&K with
respect to services to be rendered in connection with its
representation of the Debtor in this Chapter 11 case.

D. Ethan Jeffery, shareholder of the law firm Murphy & King,
Professional Corporation, 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.

M&K can be reached at:

    D. Ethan Jeffery
    Murphy & King, Professional Corporation
    One Beach Street, 21st Floor
    Boston, MA 02108
    Tel: (617)423-0400
    Fax: (617)556-8985
    E-mail: dej@murphyking.com

              About Capitol BC, LLC

Capitol BC, LLC filed a Chapter 11 bankruptcy petition (Bankr.
M.D.N.C.. Case No. 15-10411) on June 10, 2016.  Hon. Joan N.
Feeney presides over the case.  Murphy & King professionals
represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10,000
millionin assets and $10 million to $50 million in liabilities. The
petition was signed by Bruce A. Erickson, CRO.


CICERO INC: Bruce Miller Resigns as Director
--------------------------------------------
Bruce Miller notified Cicero Inc. of his resignation from the
Company's Board of Directors, effective June 27, 2016, as disclosed
in a regulatory filing with the Securities and Exchange
Commission.

                       About Cicero Inc.

Cary, N.C.-based Cicero, Inc., provides business integration
software solutions and also provides technical support, training
and consulting services as part of its commitment to providing
customers with industry-leading solutions.

The Company focuses on the customer experience management market
with emphasis on desktop integration and business process
automation with its Cicero XM(TM) products.  Cicero XM enables the
flow of data between different applications, regardless of the
type and source of the application, eliminating redundant entry
and costly mistakes.

Cicero Inc. reported a net loss applicable to common stockholders
of $3.81 million on $1.94 million of total operating revenue for
the year ended Dec. 31, 2015, compared to a net loss applicable to
common stockholders of $4.05 million on $1.90 million of total
operating revenue for the year ended Dec. 31, 2014.

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


CREATURE LLC: Taps Bush Kornfeld as Counsel
-------------------------------------------
Creature, LLC, asks for authorization from the U.S. Bankruptcy
Court for the Western District of Washington to employ Bush
Kornfeld LLP a attorney.

The Firm will:

     a. give debtor-in-possession legal advice with respect to its

        powers and duties as debtor-in-possession in the continued

        operation of its business and management of its property;

     b. take necessary action to avoid any liens subject to
        debtor-in-possession's avoiding powers;

     c. prepare on behalf of debtor as debtor-in-possession all
        necessary applications, answers, orders, reports, and
        other legal papers; and

     d. perform any and all other legal services for debtor as
        debtor-in-possession which may be necessary or advisable
        herein.

The Firm will be paid at these hourly rates:

        James L. Day, Esq., Member                     $495
        Professionals & Other Support Personnel      $75-$525

James L. Day, Esq., a member of the Firm, assures the Court that
the Firm represents no entity in connection with this case, is not
a creditor of this estate, is disinterested as that term is defined
in 11 U.S.C. Section 101(14), and does not represent or hold any
interest adverse to the interest of the estate with respect to the
matters on which it is to be employed.

        James L. Day, Esq.
        BUSH KORNFELD LLP
        LAW OFFICES
        601 Union Street, Suite 5000
        Seattle, WA 98101-2373
        Tel: (206) 292-2110
        Fax: (206) 292-2104
        E-mail: jday@bskd.com

Creature LLC, based in Seattle, Wash., sought Chapter 11 protection
(Bankr. W.D. Wash. Case No. 16-12940) on May 31, 2016, and is
represented by James L. Day, Esq., at Bush Kornfeld LLP.  The
Debtor disclosed $597,825 in assets and $2.63 million in
liabilities at the time of the filing.


CS MINING: Hires Snell & Wilmer as Local Counsel
------------------------------------------------
CS Mining, LLC, asks for authorization from the U.S. Bankruptcy
Court for the District of Utah to employ Snell & Wilmer L.L.P. as
local counsel, nunc pro tunc to June 2, 2016.

The Firm will provide these services:

     (a) advising CS Mining with respect to preparing its response

         to the Involuntary Petition and taking all actions
         necessary to prepare and prosecute the response;

     (b) advising CS Mining with respect to its rights, powers and

         duties as a potential debtor and debtor-in-possession in
         the continued management and operation of its business
         and properties;

     (c) attending meetings and negotiating with representatives
         of creditors and other parties-in-interest;

     (d) advising and consulting CS Mining regarding the conduct
         of this case, including potential legal and
         administrative requirements of operating in Chapter 11;

     (e) advising CS Mining on matters relating to the evaluation
         of the assumption, rejection or assignment of unexpired
         leases and executory contracts;

     (f) taking all necessary action to protect and preserve CS
         Mining's estate, including the prosecution of actions on
         its behalf, the defense of any actions commenced against
         the estate, negotiations concerning all litigation in
         which CS Mining may be involved and objections to claims
         filed against the estate;

     (g) appearing before this Court, any appellate courts, and
         the Office of the U.S. Trustee for the District of Utah,
         and protecting the interests of CS Mining's estate before

         courts and the UST; and

     (h) performing all other necessary legal services and
         providing all other necessary legal advice to CS Mining
         in connection with the Involuntary Petition.

The Firm will be paid at these hourly rates:

         David E. Leta, Esq., Partner          $560
         Troy J. Aramburu, Esq., Partner       $370
         Jeff D. Tuttle, Esq., Associate       $270

The Firm represented CS Mining prior to the Involuntary Petition in
matters unrelated to the current bankruptcy filing, and CS Mining
has an unpaid prepetition account balance with the Firm of
$6,258.63.  To avoid any conflict with CS Mining, as part of the
engagement contemplated by this application, the Firm has agreed to
waive and release CS Mining from any and all amounts it owes to S&W
prior to the Involuntary Date.

Troy J. Aramburu, Esq., a partner with the Firm, assures the Court
that the Firm is a disinterested person within the meaning of
Section 101(14), as modified by Section 1107(b), and that its
representation of CS Mining is permissible under Sections 327(a)
and 328(a) and is in the best interests of the estate.

The Alleged Debtor's counsel can be reached at:

     David E. Leta, Esq.
     Troy J. Aramburu, Esq.
     Jeffrey D. Tuttle, Esq.
     SNELL & WILMER L.L.P.
     15 W. South Temple, Suite 1200
     Salt Lake City, UT 84101
     Tel: (801) 257-1900
     Fax: (801) 257-1800
     E-mail: dleta@swlaw.com
                 taramburu@swlaw.com
                 jtuttle@swlaw.com

          -- and --

     Donald J. Detweiler, Esq.
     Francis J. Lawall, Esq.
     John H. Schanne II, Esq.
     PEPPER HAMILTON LLP
     Hercules Plaza, Suite 5100
     1313 N. Market Street
     Wilmington, DE 19899-1709
     Tel: (302) 777-6500
     Fax: (302) 656-8865
     E-mail: detweild@pepperlaw.com
             lawallf@pepperlaw.com
             schannej@pepperlaw.com

CS Mining, LLC, is a mining and processing company headquartered in
Milford, Utah.

Purported creditors R.J. Bayer Professional Geologist, LLC;
Minerals Advisory Group, LLC; Rollins Construction & Trucking, LLC;
Rollins Machine, Inc.; and Oxbow Sulphur, Inc., filed an
involuntary petition to put the Company into Chapter 11 bankruptcy
(Bankr. D. Utah Case No. 16-24818) on June 2, 2016.

Judge William T. Thurman presides over the case.

Martin J. Brill, Esq., at Levene, Neale, Bender, Yoo & Brill L.L.P
and George B. Hofmann, Esq., at Cohne Kinghorn PC serve as the
Petitioners' counsel.


DEPAUL INDUSTRIES: Hires Henderson Bennington as Accountants
------------------------------------------------------------
DePaul Industries and DePaul Services, Inc., seek authorization
from the U.S. Bankruptcy Court for the District of Oregon to employ
Henderson Bennington Moshofsky, P.C. as their accountants.

The Debtors require HBM to:

     a. account for and prepare of Rule 2015 Reports as required

     b. account for and prepare of corporate tax returns for the
Debtors going forward, as required; and

     c. assist the Debtors in accounting and tax matters as it may
require.

HBM will be paid at these hourly rates:

      Judith V. Bennington            $240
      Stephen  P. Moshofsky           $240
      Lai Wa Ng                       $210
      Inna L. Schtokh                 $180
      Kenneth M. Bakondi              $180
      Kim E. Nordling                 $110
      Trudy E. Bradetich              $75
      Tara Montgomery                 $65  

Judith V. Bennington of Henderson Bennington Moshofsky, P.C.,
assured the Court that the firm does not represent any interest
adverse to the Debtor and its estates.

HBM may be reached at:

      Judith V. Bennington
      Henderson Bennington Moshofsky, P.C.
      4800 S.W. Griffith Dr. Ste. 350
      Beaverton, OR 97005
      Phone: (503)641-2600
      E-mail: judith@cpaoregon.om

                   About DePaul Industries

DePaul Industries is a non-profit corporation based in Portland,
Ore., founded in 1971 with a mission of providing employment
opportunities for people with disabilities.  DePaul Services,
Inc., was formed in 2004 as a separate Oregon non-profit
corporation to segregate DPI's work for governmental entities from
its non-governmental work.  DePaul lost a major $1 million spice
packaging customer in 2015.

DPI and DSI filed chapter 11 petitions (Bankr. D. Ore. Case Nos.
16-32293 and 16-32294) on June 10, 2016, and are represented by
Jeffrey C. Misley, Esq., and Thomas W. Stilley, Esq., at Sussman
Shank LLP in Portland.  At the time of the filing, the Debtors
estimated their assets and liabilities at less than $10 million.

Gail Brehm Geiger, acting U.S. trustee for Region 18, on June 22
appointed five creditors of DePaul Industries and DePaul Services,
Inc., to serve on the official committee of unsecured creditors.


DRIVING MISS DAISY: Hires Wartchow Law as Bankruptcy Counsel
------------------------------------------------------------
Driving Miss Daisy, Inc., seeks authorization from the Hon.
Katherine A. Constantine of the U.S. Bankruptcy Court for the
District of Minnesota to employ Lynn J.D. Wartchow, Esq., of
Wartchow Law Office, LLC, as attorney, for the purpose of rendering
professional services to the Debtor in all matters related to or
which will arise out of and in the course of the administration of
the Debtor's Chapter 11 proceeding.

Ms. Wartchow will be paid $250 per hour for her services.

Ms. Wartchow has not received from the Debtor any transfer,
assignment, or pledge of property for fees or costs to be incurred
in this proceeding, except for a $7,000 pre-petition retainer
received on June 21, 2016, to be applied toward the payment of
post-petition fees and costs in this matter, which is currently
entirely held in her trust account.

Ms. Wartchow, sole shareholder in the Firm, assures the Court that
she doesn't hold nor represent any interest adverse to the Debtor
in the Debtor's reorganization proceeding or with creditors of the
Debtor, other parties in interest, or their respective attorneys or
accountants, or the U.S. Trustee or any person employed in the
Office of the U.S. Trustee, except that she has done pre-filing
bankruptcy work to review the facts, discuss options, and to
prepare the Chapter 11 filings and initial paperwork.

The Firm can be reached at:

     Lynn J.D. Wartchow, Esq.
     WARTCHOW LAW OFFICE, LLC
     5200 Willson Road, Suite 150
     Edina, MN 55424
     E-mail: lynn@wartchowlaw.com

Driving Miss Daisy, Inc., filed for Chapter 11 bankruptcy
protection (Bankr. D. Minn. Case No. 16-41865) on June 21, 2015.


ELBIT IMAGING: Unit Signs Repayment Agreement with Financing Bank
-----------------------------------------------------------------
Elbit Imaging Ltd. announced that Plaza Centers N.V., an indirect
subsidiary of the Company, has signed a Debt Repayment Agreement
with the financing bank of Zgorzelec Plaza Shopping Center in
Poland.

As part of the DRA, Plaza will make a payment of EUR1.1 million (in
escrow) to the financing bank of the Shopping Center and the
financing bank will deposit (in escrow) Release Letters for: (i)
releasing a mortgage in favour of the Bank from a plot of land of
Plaza in the city of Leszno, Poland; (ii) releasing of a recourse
right obligation (of EUR1.1 million) under the corporate guarantee
of Plaza and an additional subsidiary of Plaza; (iii) subordination
agreement; and (iv) submission for enforcement on the loan.

The DRA also states that Plaza is obliged to make its best effort
and cooperate with the Bank in trying to sell Zgorzelec Plaza
Shopping Center.  Simultaneous with this, the financing bank will
seek a third party to be an Appointed Shareholder to purchase the
shares of Zgorzelec Plaza Shopping Center for EUR1.

If a buyer or Appointed Shareholder is not found by 15 September
2016 the following steps will take place: The management of
Zgorzelec Plaza Shopping Center will be transferred to an Appointed
Manager elected by the Bank; The EUR1.1 million payment held in
escrow will be transferred to the Bank; and the Release Letters
will be given to Plaza and Plaza will stay as a silent shareholder
in Zgorzelec Plaza Shopping Center until the end of 2016.

On conclusion of the transaction, Plaza expects to recognise an
accounting profit of circa EUR10 million.

                     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.


ENGINEERED WELL SERVICE: Hires Willis & Wilkins as Attorney
-----------------------------------------------------------
Engineered Well Service International, LLC seeks authorization from
the U.S. Bankruptcy Court for the Western District of Texas to
employ the Willis & Wilkins, LLP as Attorney.

The Debtor requires Willis & Wilkins to:

     a. give the Debtor legal advice with respect to its powers and
duties as Debtor-in-possession in the continued operation of its
personal management of its property;

     b. take necessary action to collect property of the estate and
full suits to recover the same;

     c. represent the Debtor in connection with the formulation and
implementation of a Plan of Reorganization and all matters incident
thereto;

     d. prepare on behalf of the Debtor the necessary applications,
answers, orders, reports and other legal papers;

     e. object to disputed claim; and

     f. perform all other legal services for the Debtor as
Debtor-in-possession which may be necessary.

The Debtor agreed to compensate James S. Wilkins of Willis &
Wilkins at the rate of $375 per hour to be applied against a
retainer of $35,000 for pre-petition and post-petition services,
costs and filing fees.

James S. Wilkins, Esq., Willis & Wilkins, LLP, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Willis & Wilkins may be reached at:

         James S. Wilkins
         Willis & Wilkins, LLP
         711 Navarro Street, suite 711
         San Antonio, TX 78205-1711
         Telephone: (210)271-9212
         Telecopier: (210)271-9389

Engineered Well Service International, LLC filed a Chapter 11
petition (Bankr. W.D. Tex. Case No. 16-51402) on June 23, 2016.


EPICENTER PARTNERS: Cases Reassigned to Judge Madeleine Wanslee
---------------------------------------------------------------
Judge Paul Sala of the U.S. Bankruptcy Court for the District of
Arizona recused himself from Epicenter Partners LLC and Gray Meyer
Fannin LLC's bankruptcy cases.  The bankruptcy cases were
reassigned to Judge Madeleine C. Wanslee.

                     About Epicenter Partners

Epicenter Partners, L.L.C. and Gray Meyer Fannin, L.L.C., sought
Chapter 11 protection (Bankr. D. Ariz. Case No. 16-05493 and
16-05494) on May 16, 2016.  On May 17, 2016, the Bankruptcy Court
entered an order granting joint administration of the Debtors'
cases, with Gray Meyer as lead case.


GENIUS BRANDS: Business Unaffected by Brexit, Says CEO
------------------------------------------------------
Genius Brands International, Inc., distributed to its shareholders
a letter on June 29, 2016.

"I try to write regularly with the news going on within your
company.  Our news is good.  The recent vote of the UK to exit the
European Union has sent global markets in a tizzy.  Yet it also
illustrates one of the most interesting characteristics of Genius
Brands International and the business of making animated cartoons,"
wrote Andy Heyward Chairman & CEO of Genius Brands.

"Our business isn't really affected if Britain leaves or stays
within the EU.  Our business really doesn't depend on the price of
oil.  Nor will it go up or down if Kim Jung Un launches a new
missile in the Sea of Japan.  The business of making animated
cartoons won't be affected whether Hillary Clinton or Donald Trump
is elected our next President.  Changes in technology or new
distribution systems only enrich the intrinsic value of animated
cartoons.  Strong cartoon characters don't go obsolete and are not
diminished by innovation.  In fact, they are enhanced by it."

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

                     https://is.gd/5Wf3uQ

                      About Genius Brands

Beverly Hills, Calif.-based Genius Brands International, Inc.,
creates and distributes music-based products which it believes are
entertaining, educational and beneficial to the well-being of
infants and young children under its brands, including Baby Genius
and Little Genius.

Genius Brands reported a net loss of $3.48 million on $907,983 of
total revenues for the year ended Dec. 31, 2015, compared to a net
loss of $3.72 million on $926,000 of total revenues for the year
ended Dec. 31, 2014.  As of Dec. 31, 2015, Genius Brands had $18.9
million in total assets, $4.74 million in total liabilities and
$14.1 million in total equity.


GREAT BASIN: Signs $75 Million Securities Purchase Agreement
------------------------------------------------------------
Great Basin Scientific, Inc., on June 29, 2016, entered into a
Securities Purchase Agreement dated June 29, 2016, with certain
investors pursuant to which the Company has agreed to issue $75
million in principal face amount of senior secured convertible
notes of the Company and related Series H common stock purchase
warrants.  The Buyers will purchase Notes and related Series H
Warrants through payment of cash at a discount by paying $906.67
for each $1,000 in principal face amount of Notes and related
Warrants.

The Notes will not bear any ordinary interest.  The Company will
receive total gross proceeds of $68 million, assuming all
conditions for subsequent funding are met and no events of default
occur.

The SPA provides that each Buyer will pay for the Notes and the
Warrants to be issued and sold to such Buyer at the closing (1)
8.8235% (approximately $6 million) of its applicable aggregate cash
purchase price to the Company by wire transfer of immediately
available funds and (2) 91.1765% (approximately $62 million) of its
applicable aggregate cash purchase price to an account of the
Company established for such Buyer by wire transfer of immediately
available funds, such purchase price to be held and in accordance
with and pursuant to the terms and conditions of an account control
agreement between the Buyer and the bank.

Subject to obtaining the stockholder approval and certain other
equity conditions, the Restricted Cash will become unrestricted and
released to the Company as follows: (i) $6 million on the fifth
trading day after Jan. 30, 2017 (such date, the "First Amortization
Date")), (ii) $8 million after the fifth trading day after the last
business day of the calendar month following the First Amortization
Date and (iii) $3,692,308 on the 75th trading day after the initial
date the shares of common stock underlying the Notes are eligible
to be resold pursuant to Rule 144 of the Securities Act of 1933, as
amended, and each 30th calendar day thereafter until all Restricted
Cash has become unrestricted and released.

Release of the remaining cash purchase price will be subject to
certain equity conditions including, but not limited to:

   (i) all shares of common stock issuable pursuant to the terms
       of the Notes, including the shares of common stock issuable
       upon the conversion requiring the satisfaction of the
       equity conditions (in each case, without regard to any
       restriction or limitation on conversions), shall be
       eligible for sale pursuant to Rule 144 without any volume
       limitation by the holder and no failure to have current
       public information under Rule 144 exists, and without the
       need for registration under any applicable federal or state

       securities laws;

  (ii) on each day during the required measuring period, the
       common stock is designated for quotation on an acceptable
       exchange or market and shall not have been suspended from
       trading on such exchange or market (other than suspensions
       of not more than five days and occurring prior to the
       applicable date of determination due to business
       announcements by the Company);

(iii) during the measuring period, the Company shall have
       delivered all shares of common stock pursuant to the terms
       of the Notes and upon exercise of the Warrants to the
       holders on a timely basis;

  (iv) the shares of common stock issuable upon conversion may be
       issued in full without violating beneficial owner
       limitations and Nasdaq regulations as set forth in the
       Notes;

   (v) during the measuring period, the Company shall not have
       failed to timely make any payments within five Business
       Days of when such payment is due;

  (vi) during the measuring period, there shall not have occurred
       either (A) the public announcement of a pending, proposed
       or intended fundamental transaction which has not been
       abandoned, terminated or consummated, (B) an Event of
       Default or (C) an event that with the passage of time or
       giving of notice would constitute an Event of Default;

(vii) the Company shall have no knowledge of any fact that would
       cause all shares of common stock issuable pursuant to the
       terms of the Notes, not to be eligible for sale pursuant to

       Rule 144 without any volume limitation by the Holder
      (including, without limitation, by virtue of an existing or
       expected public information failure under Rule 144) and any

       applicable state securities laws;

(viii) during the measuring period, the Company otherwise shall
       have been in compliance with and shall not have breached
       any provision, covenant, representation or warranty of any
       documents related to the Note transaction;

  (ix) the holder shall not be in possession of any material,
       nonpublic information received from the Company;

   (x) the shares of common stock issuable upon conversion are
       duly authorized and listed and eligible for trading without

       restriction on an eligible market;

  (xi) the daily dollar trading volume of the common stock as
       reported by Bloomberg for each trading day during the
       measuring period shall be at least $800,000;

(xii) on each trading day during the measuring period, the
       weighted average price of the common stock equals or
       exceeds $1.30 (as adjusted for any stock dividend, stock
       split, stock combination, reclassification or similar
       transaction); and

(xiii) the Company shall have a number of shares of common stock
       duly authorized and reserved for the issuance pursuant to
       the terms of this Note that is equal to, or greater than,
       the quotient obtained by dividing (A) 165.5% of the
       applicable release amount, by (B) the conversion floor
       price (as set forth in the Note).

Under the SPA, the Company has agreed to call a meeting of its
stockholders within 65 days of closing, solicit proxies at such
meeting and use its reasonable best efforts to obtain the approval
of its stockholders for purposes of complying with NASDAQ Listing
Rule 5635(d) for the issuance of shares of common stock underlying
the Notes without giving effect to the exchange cap in the Notes in
an amount that may be equal to or exceed 20% of the Company's
common stock outstanding before the issuance of the Notes and the
issuance of shares of common stock under the Warrants without
giving effect to the exercise floor price set forth in the
Warrants.

                 Senior Secured Convertible Notes

The Notes will be represented by a form of senior secured
convertible note.  In addition to the terms and conditions of the
Notes, the Notes provide that the Company will repay the principal
amount of Notes in 15 equal installments beginning on the First
Amortization Date, and thereafter the last business day of each
calendar month through to the maturity date.

The price at which the Company will convert the installment amounts
is equal to the lowest of (i) the then prevailing conversion price,
(ii) 80% of the arithmetic average of the lower of (i) the three
lowest daily weighted average prices of the common stock during the
20 consecutive trading day period ending on the trading day
immediately preceding the Installment Date and (iii) the weighted
average price of the common stock on the trading day immediately
preceding the Installment Date, subject in all cases to a floor
price of $1.00.

Any holder of a Note may by notice to the Company accelerate up to
four future installment payments to any applicable Installment
Date, in which case the Company will deliver shares of Common Stock
for the conversion of such accelerated payments.  The holder of a
Note may also by notice to the Company defer any installment
payment to a later Installment Date.

At any time after issuance the Notes will be convertible at the
election of the holder into shares of common stock of the Company
at an initial conversion price equal to $2.00.

Conversion of the note is subject to a blocker provision which
prevents any holder from converting into shares of common stock if
their beneficial ownership of the common stock would exceed either
4.99% or 9.99% of the Company's issued and outstanding common
stock, as elected by the holder at closing.

Further, prior to the Company receiving the necessary Stockholder
Approval, conversion of all Notes is limited to 19.99% of the
Company's issued and outstanding common stock on the date of
closing.  The conversion price is subject to certain adjustments
upon the occurrence of certain dilutive events, including the
issuance of certain options or convertible securities, and upon the
occurrence of certain corporate events, including stock splits and
dividends.

At any time after the date that is nine months from the closing,
issue of the Notes, the Company shall have the right to redeem all,
but not less than all, of the conversion amount then remaining
under the Notes at a price equal to the greater of (x) 125% of the
conversion amount being redeemed and (y) the product of (A) the
conversion amount being redeemed and (B) the quotient determined by
dividing (I) the greatest closing price of the shares of common
stock during the period beginning on the date immediately preceding
the Company's notice of redemption and ending on the Company
redemption date, by (II) the lowest conversion price in effect
during such period.

                         Series H Warrants

In connection with the issuance of the Notes under the SPA, the
Company will also issue Series H Warrants, in the form attached to
the SPA as Exhibit B, in an amount equal to 150% of the sum of the
number of shares of common stock acquirable upon conversion of the
Notes in full at the conversion price on the closing date.

Each Series H Warrant will be exercisable by the holder beginning
six months after the date of issuance and continuing for a period
five years thereafter.  Each Series H Warrant will be exercisable
initially at a price equal to $2.08, subject to adjustments for
certain dilutive events and subject to an exercise price floor
equal to $1.70.

The Series H Warrants are exercisable on a cashless basis in the
event that there is no effective registration statement under the
Securities Act covering the resale of the shares of Common Stock
issuable upon exercise of the Series H Warrants.

                         Security Agreement

Pursuant to the SPA and the Notes, the Company will enter into a
Pledge and Security Agreement with the lead investor, in its
capacity as collateral agent for all holders of the Notes.  The
Security Agreement creates a first priority security interest
(second priority interest until the Company's December 2015 senior
secured convertible notes are paid in full) in all of the personal
property of the Company of every kind and description, tangible or
intangible, whether currently owned and existing or created or
acquired in the future.

Under the Security Agreement the Company will agree to certain
conditions on its maintenance and use of the Collateral, including
but not limited to the location of equipment and inventory, the
condition of equipment, the payment of taxes and prevention of
liens or encumbrances, the maintenance of insurance, the protection
of intellectual property rights, and limitations on transfers and
sales.

                    Waiver Agreement with Holders
                      of 2015 Convertible Notes

As previously disclosed on the Current Report on Form 8-K filed
with the SEC on Dec. 29, 2015, on Dec. 28, 2015, Great Basin
Scientific, Inc. entered into a Securities Purchase Agreement in
relation to the issuance and sale by the Company to certain buyers
as set forth in the Schedule of Buyers attached to the SPA of $22.1
million aggregate principal amount of senior secured convertible
notes and related Series D common stock purchase warrants.

On June 29, 2016, the Company and certain buyers holding enough of
the 2015 Notes and Series D Warrants to constitute the required
holders under Section 9(e) of the 2015 SPA and Section 19 of the
2015 Notes entered into waiver agreements to waive: (i) the
Company's restriction to incur Indebtedness (as defined in the 2015
Notes) in accordance with Section 17(a) of the 2015 Notes, (ii) the
Company's restriction to incur Liens (as defined in the 2015 Notes)
in accordance with Section 17(b) of the 2015 Notes, (iii) the
Company's restriction to incur Indebtedness that ranks pari passu
with the 2015 Notes pursuant to Section 16 of the 2015 Notes and
(iv) the Company's restriction in incur Liens (as defined in the
2015 Notes) on certain types of intellectual property in accordance
with Section 17(g) of the 2015 Notes, in each case of clauses (i)
through (iii), solely with respect to entering into the Notes and
related documents thereto and consummating the transactions
contemplated thereby.

Further the Company and certain buyers holding enough of the 2015
Notes and Series D Warrants to constitute the required holders
under Section 10 of the Registration Rights Agreement entered into
between the Company and the holders of the 2015 Notes and Series D
Warrants entered into waiver agreements to waive: (i) any breach
prior to and including June 29, 2016, under Section 2(a) of the
Registration Rights Agreement for the Company's failure to have the
initial registration statement brought effective by the initial
effectiveness deadline, (ii) any right to Registration Delay
Payments (as defined under the Registration Rights Agreement) prior
to and including June 29, 2016 for failure to meet its obligations
under Section 2(a), and (iii) compliance with the registration
requirements of Section 2(a) from and including June 29, 2016,
through Aug. 31, 2016.

                Waiver Agreement with Purchasers
                      in June Unit Offering

On May 26, 2016, the Company entered into subscription agreements
with certain investors relating to the sale and issuance by the
Company of up to 3,160,000 Units, at a price of $1.90 per Unit,
each of which consists of one share of the Company's common stock
and one Series G Warrant.  The Unit Offering closed on June 1,
2016.

On June 29, 2016, the Company and certain investors who executed
Subscription Agreements in the Unit Offering representing on the
closing date of the Unit Offering at least 67% of the aggregate
number of shares of common stock purchased in the Unit Offering
pursuant to the Subscription Agreements entered into waiver
agreements to waive the lock-up on issuance of securities contained
in Section 18 of the Subscription Agreements solely with respect to
the Company's offering and consummation of the Notes and Series H
Warrants, the offer and issuance of the placement agent warrants
and the offer and issuance of the subordination warrants to be
issued in connection with the Notes and Series H Warrants.

A full-text copy of the Form 8-K report is available at:

                    https://is.gd/lHDMHU

                      About Great Basin

Great Basin Scientific is a molecular diagnostic testing company
focused on the development and commercialization of its patented,
molecular diagnostic platform designed to test for infectious
disease, especially hospital-acquired infections.  The Company
believes that small to medium sized hospital laboratories, those
under 400 beds, are in need of simpler and more affordable
molecular diagnostic testing methods.  The Company markets a system
that combines both affordability and ease-of-use, when compared to
other commercially available molecular testing methods, which the
Company believes will accelerate the adoption of molecular testing
in small to medium sized hospitals.  The Company's system includes
an analyzer, which it provides for its customers' use without
charge in the United States, and a diagnostic cartridge, which the
Company sells to its customers.

Great Basin reported a net loss of $57.9 million in 2015 following
a net loss of $21.7 million in 2014.

As of March 31, 2016, Great Basin had $27.6 million in total
assets, $70.99 million in total liabilities, and a total
stockholders' deficit of $43.4 million.

Mantyla McReynolds, LLC, in Salt Lake City, Utah, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended Dec. 31, 2015, citing that the
Company has incurred substantial losses from operations causing
negative working capital and negative operating cash flows.  These
issues raise substantial doubt about its ability to continue as a
going concern.


GUIDED THERAPEUTICS: Plans to Sell 5,000 Conv. Preferred Stock
--------------------------------------------------------------
Guided Therapeutics, Inc., filed a Form S-1 registration statement
with the Securities and Exchange Commission in connection with the
offering of up to 5,000 shares of its Series D convertible
preferred stock, together with warrants to purchase _______ shares
of common stock, at a purchase price of $1,000 (and the shares
issuable from time to time upon conversion of the Series D
preferred stock and the exercise of the warrants) pursuant to this
prospectus.  The shares of Series D preferred stock and warrants
are immediately separable and will be separately issued.

Subject to certain ownership limitations, the Series D preferred
stock will be convertible at any time at the holder's option into
shares of the Company's common stock at an initial conversion price
of $____ per share.  Subject to similar ownership limitations, each
warrant will be immediately exercisable for _____ shares of the
Company's common stock, have an exercise price of $____ per share,
and expire five years from the date of issuance.  The warrants will
be issued in book-entry form pursuant to a warrant agency agreement
between us and our transfer agent.

The Company's common stock is quoted on the OTCQB marketplace under
the symbol "GTHP."  The last reported sale price of the Company's
common stock on the OTCQB on June 15, 2016, was $0.01 per share.
The Company will use our best efforts to have the warrants quoted
on the OTCQB marketplace on or before the closing.

A full-text copy of the Form S-1 prospectus is available at:

                       https://is.gd/G4dMkL

                    About Guided Therapeutics
  
Guided Therapeutics, Inc. (OTC BB and OTC QB: GTHP)
-- http://www.guidedinc.com/-- is developing a rapid and painless
test for the early detection of disease that leads to cervical
cancer.  The technology is designed to provide an objective result
at the point of care, thereby improving the management of cervical
disease.  Unlike Pap and HPV tests, the device does not require a
painful tissue sample and results are known immediately.  GT has
also entered into a partnership with Konica Minolta Opto to
develop a non-invasive test for Barrett's Esophagus using the
LightTouch technology platform.

Guided Therapeutics reported a net loss attributable to common
stockholders of $9.50 million on $42,000 of contract and grant
revenue for the year ended Dec. 31, 2015, compared to a net loss
attributable to common stockholders of $10.03 million on $65,000
of contract and grant revenue for the year ended Dec. 31, 2014.

As of March 31, 2016, Guided Therapeutics had $2.36 million in
total assets, $7.81 million in total liabilities and a total
stockholders' deficit of $5.45 million.


HCSB FINANCIAL: Jennifer Harris Joins as SVP and CFO
----------------------------------------------------
Horry County State Bank is pleased to announce the addition of
Jennifer W. Harris as senior vice president and chief financial
officer.  Ms. Harris will oversee all financial matters for the
Bank.

Ms. Harris comes to Horry County State Bank with 18 years of
experience in the financial services industry.  Most recently, Ms.
Harris served as VP Senior Accountant - SEC Reporting of Park
Sterling Bank in Charlotte, North Carolina, from September 2014 to
May 2016.  Prior to that, Ms. Harris served as SEC Financial
Reporting Manager of Yadkin Bank in Statesville, North Carolina,
from April 2009 to July 2014, when Yadkin Bank, and its holding
company, Yadkin Financial Corporation, merged with VantageSouth
Bancshares, Inc. and Piedmont Community Bank Holdings, Inc.  Ms.
Harris also has held various senior accounting roles at community
banks across North Carolina.  In addition to her community banking
experience, Ms. Harris is a certified public accountant and began
her career at a national public accounting firm, during which time
which she specialized in auditing financial institutions.

"We are excited to have Jennifer join our team as Chief Financial
Officer.  Her financial expertise and banking background will be a
great asset to the Company's accounting and finance department,"
said Jan H. Hollar, chief executive officer at Horry County State
Bank.

On July 1, 2016, the Company and the Bank entered into an
employment agreement with Ms. Harris.  The employment agreement is
initially for a term of three years and will thereafter be
automatically extended for additional terms of one year unless
either party delivers a notice of termination at least 90 days
prior to the end of the term.

Under the terms of her employment agreement, Ms. Harris will be
entitled to an annual base salary of $130,000 per year, and the
board of directors of the Company (or an appropriate committee
thereof) will review Ms. Harris' base salary at least annually for
adjustment based on her performance.  Ms. Harris will be eligible
to receive an annual cash bonus of up to 20% of her annual base
salary if she achieves certain performance levels established from
time to time by the board of directors, and she will be eligible to
participate in the Company's long-term equity incentive program and
for the grant of stock options, restricted stock, and other awards
thereunder or under any similar plan adopted by the Company.
Additionally, Ms. Harris will participate in the Company's
retirement, welfare, and other benefit programs and be entitled to
reimbursement for travel and business expenses.

On July 1, 2016, the Bank received the necessary nonobjection from
the FDIC and Federal Reserve Bank of Richmond for Ms. Harris to
serve as the senior vice president and chief financial officer of
the Bank and the Company.

                         About HCSB Financial

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

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

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

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


HENDERSON ENTERPRISES: Hires Deitz Shields as Attorneys
-------------------------------------------------------
Henderson Enterprises, Inc., seeks authorization from the U.S.
Bankruptcy Court for the Western District of Kentucky to employ
Deitz Shields & Freeburger LLP as attorneys.

The Debtor requires Deitz Shields & Freeburger to:

     a. give legal advice with respect to the general powers and
duties of the Debtor-in-Possession in the continued operation of
its business and management of its property;

     b. advice as to the exercise of a trustee's powers of
avoidance under 11 U.S.C. 544 through 551;

     c. prepare on behalf of the debtor-in-possession of all
necessary applications, answers, orders, reports and other legal
papers;

     d. prosecute or defend of all litigation involving the
debtor-in-possession arising in or related to this case; and

     e. perform of all other legal services for the
debtor-in-possession which may appear necessary and appropriate,
including representing the debtor-in-possession in an anticipated
sale of a substantial part of its assets under 11 U.S.C. 363.

Deitz Shields & Freeburger will be paid at these hourly rates:

     Sandra D. Freeburger                   $330
     Kevin Shields                          $200
     Paralegals                              $85  

Sandra D. Freeburger, partner in the firm of Deitz Shields &
Freeburger, LLP, assured the Court that the firm  does not
represent any interest adverse to the Debtors and their estates.

Deitz Shields & Freeburger LLP may be reached at:

      Sandra D. Freeburger
      Deitz Shields & Freeburger LLP
      101 First Street
      P.O. Box 21
      Henderson, KY 42419-0021
      Tel: 270-942-1028
           270-830-0830
      Fax: 270-830-9115

Henderson Enterprises, Inc. filed a Chapter 11 bankruptcy petition
(Bankr. W.D. Ky. Case No. 16-40536) on June 23, 2016.


HOTELWORKS DEVELOPMENT: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: HotelWorks Development, LLC
           dba Malana Hotels & Suites
        1808 Apricot Glen Drive
        c/o Bob Zachariah
        Austin, TX 78746

Case No.: 16-51527

Nature of Business: Single Asset Real Estate

Chapter 11 Petition Date: July 4, 2016

Court: United States Bankruptcy Court
       Western District of Texas (San Antonio)

Judge: Hon. Craig A. Gargotta

Debtor's Counsel: Raymond W. Battaglia, Esq.
                  LAW OFFICES OF RAY BATTAGLIA, PLLC
                  66 Granburg Circle
                  San Antonio, TX 78218
                  Tel: 210.601.9405
                  E-mail: rbattaglialaw@outlook.com

Total Assets: $1.42 million

Total Liabilities: $11.73 million

The petition was signed by Bob Zachariah, president and CEO.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/txwb16-51527.pdf


INDEPENDENCE TAX: Incurs $588,000 Net Loss in Fiscal 2016
---------------------------------------------------------
Independence Tax Credit Plus L.P. II filed with the Securities and
Exchange Commission its annual report on Form 10-K disclosing a net
loss attributable to the Partnership of $588,021 on $848,940 of
total revenues for the year ended March 31, 2016, compared to a net
loss attributable to the Partnership of $490,611 on $867,506 of
total revenues for the year ended March 31, 2015.

As of March 31, 2016, Independence Tax had $2.32 million in total
assets, $17.2 million in total liabilities and a total partners'
deficit of $14.9 million.

The Partnership had originally invested approximately $47.0 million
(not including acquisition fees of approximately $3.50 million) of
the net proceeds of its Offering in fifteen Local Partnerships, all
of which has been paid.  The Partnership does not intend to acquire
additional Properties.  During the year ended March 31, 2016, the
Partnership did not make any advances to the remaining Local
Partnership.

As of March 31, 2016, the Partnership has sold its limited
partnership interests in thirteen Local Partnerships, and one Local
Partnership sold its property and the related assets and
liabilities.  There can be no assurance as to when the Partnership
will dispose of its last remaining investment or the amount of
proceeds which may be received.  However, based on the historical
operating results of the remaining Local Partnership and the
current economic conditions, the proceeds from such sale received
by the Partnership will not be sufficient to return to the limited
partners their original investments.

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

                       https://is.gd/fGMhyR

             About Independence Tax Credit Plus L.P. II

Based in New York, Independence Tax Credit Plus L.P. II was
organized on Feb. 11, 1992, and commenced its public offering on
Jan. 19, 1993.  The general partner of the Partnership is Related
Independence Associates L.P., a Delaware limited partnership.  The
general partner of Related Independence Associates L.P. is Related
Independence Associates Inc., a Delaware Corporation.  The
ultimate parent of Related Independence Associates L.P. is
Centerline Holding Company.

The Partnership's business is primarily to invest in other
partnerships owning leveraged apartment complexes that are
eligible for the low-income housing tax credit enacted in the Tax
Reform Act of 1986, some of which may also be eligible for the
historic rehabilitation tax credit.

The Partnership is in the process of developing a plan to dispose
of all of its investments.


INTREPID POTASH: Extends Debt Covenant Waiver Until July 15
-----------------------------------------------------------
Intrepid Potash Inc. announced it has reached an agreement to
further extend the waiver of the financial covenants for the first
quarter of 2016 under its long-term unsecured senior notes until
July 15, 2016.  The previous waiver from the noteholders would have
expired on June 30, 2016.

"We believe we have made good progress in the negotiations with our
noteholders to date and are working towards a resolution to our
debt covenant issues," said Bob Jornayvaz, Intrepid's executive
chairman, president and CEO.  "We appreciate the additional time
this waiver provides to complete our negotiations."

Intrepid's long-term unsecured senior notes consist of three series
totaling $150 million with laddered maturities beginning in 2020.

Intrepid also maintains a revolving credit facility of $8 million,
which may only be used for letters of credit.  The credit facility
matures on the earlier of July 31, 2016, and the date on which the
aggregate commitment under the credit facility is reduced to zero.
Compliance with the revolving credit facility covenants for the
first quarter of 2016 was previously waived until July 31, 2016,
provided no earlier event of default occurs with the senior notes.

                         About Intrepid

Intrepid Potash -- http://www.intrepidpotash.com/-- is the only
U.S. producer of muriate of potash and supplied approximately 9% of
the country's annual consumption in 2015.  Potash is applied as an
essential nutrient for healthy crop development, utilized in
several industrial applications and used as an ingredient in animal
feed.  Intrepid also produces a specialty fertilizer, Trio(R),
which delivers three key nutrients, potassium, magnesium, and
sulfate, in a single particle.

Intrepid serves diverse customers in markets where a logistical
advantage exists; and is a leader in the utilization of solar
evaporation production, one of the lowest cost, environmentally
friendly production methods for potash.  After the idling of its
West mine in July 2016, Intrepid's production will come from three
solar solution potash facilities and one conventional underground
Trio(R) mine.

As of March 31, 2016, Intrepid had $627.37 million in total assets,
$218.36 million in total liabilities and $409 million in total
stockholders' equity.


ION WORLDWIDE: Hires AMSL as Co-Counsel
---------------------------------------
iON Worldwide Inc., and its debtor-affiliates seek permission from
the U.S. Bankruptcy Court for the District of Delaware to employ
A.M. Saccullo Legal, LLC as co-counsel for the Debtors, nunc pro
tunc to June 24, 2016.

The Debtors require A.M. Saccullo to:

     a. take all necessary action to protect and preserve the
Debtors' estate, including the prosecution of actions on the
Debtors' behalf, the defense of any actions commenced against the
Debtors, the negotiation of disputes in which the Debtors are
involved, and the preparation of objection to claims filed against
the Debtors' estate;

     b. provide legal advice with respect to the Debtors' powers
and duties as debtors in possession in the continued operation of
their businesses and management of their property;

     c. negotiate, prepare, and pursue confirmation of a plan and
approval of a disclosure statement;

     d. prepare on behalf of the Debtors, as debtors in possession,
necessary motions, applications, answers, orders, reports, and
other legal papers in connection with the administration of the
Debtors' estate;

     e. appear in Court and to protect the Debtors' interests;

     f. perform all other legal services in connection with these
Cases as may reasonably be required.

A.M. Saccullo will be paid at these hourly rates:

     Anthony M. Saccullo (member)            $385
     Thomas H. Kovach (special counsel)      $385

The Debtor compensated A.M. Saccullo for its pre-petition services
by payment of a retainer of $20,000. Prior to the filing the
petition in this case, AMSL drew down the retainer to satisfy the
time and expenses that were incurred prior to the filing.  At
present, A.M. Saccullo holds $6,948.50 -- the balance of its
retainer -- in its IOLTA account.

Anthony M. Saccullo, member of A.M. Saccullo Legal, 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.

AMSL may be reached at:

     Anthony M. Saccullo
     A.M. Saccullo Legal, LLC
     27 Crimson King Drive
     Bear, DE 19701
     Tel: (302)836-8877
          (302)836-8787

             About iON Worldwide Inc.

iON Worldwide Inc. filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 16-11543) on June 24, 2016.  Hon. Laurie Selber
Silverstein presides over the case. A.M. Sacullo Legal, LLC
represents the Debtor as counsel.  In its petition, the Debtor
estimated $1 million to $10 million in both assets and
liabilities. The petition was signed by Giovanni Tomaselli, chief
executive officer.


ION WORLDWIDE: Hires Willamette as Financial Consultants
--------------------------------------------------------
iON Worldwide Inc., and its debtor-affiliates seek permission from
the U.S. Bankruptcy Court for the District of Delaware to employ
Willamette Management Associates as Financial Consultants, nunc pro
tunc to June 24, 2016.

iON Worldwide Inc., is a Delaware corporation which designs,
develops and manufacture digital products.

The Debtors require Willamette to analyse operating plan due
diligence, and fair enterprise value of the Debtors.

Willamette will be compensated as follows:

     a. the fee will be based of Willamette's standard hourly
        rates in effect at the time services are rendered plus
        out the pocket expenses. The standard hourly rates range
        from $720 to $150.  Mr. Schweihs's standard hourly rate
        is $720. Expenses incurred for items such as data
        processing charges, express mail, telephones charges, and
        report production and reproduction charges specifically
        related to this assignment will be shown as a separate
        line on the firm's invoices.

     b. a retainer of $20,000 paid post filing by the Debtors
        will be applied to initial billing for the project.

The Debtors will receive monthly invoices for the professional fees
and expenses incurred during each billing period.

To protect its analytical independence, as a matter of the firm's
policy, Willamette retains the right to withhold or withdraw its
work product until all outstanding invoices are paid.

Robert P. Schweihs, managing director of Willamette Management
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.

Willamette LLP may be reached at:

     Robert P. Schweihs
     Willamette Management Associates
     800 West Bryn Mawr Avenue, Suite 950-N
     Chicago, IL 60631
     Tel: 773-399-4300
     Fax: 773-399-4310

                     About iON Worldwide Inc.

iON Worldwide Inc. filed a Chapter 11 bankruptcy petition (Bankr.
N.D. Ga. Case No. 16-11543) on June 24, 2016. Hon. Laurie Selber
Silverstein presides over the case. A.M. Sacullo Legal, LLC
represents the Debtor as counsel.

In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by Giovanni
Tomaselli, chief executive officer.


ISTAR INC: Signs $450 Million Credit Agreement with JPMorgan
------------------------------------------------------------
iStar Inc., on June 23, 2016, entered into a $450 million Amended
and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as
administrative agent, and J.P. Morgan Securities LLC, Barclays Bank
PLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as
joint lead arrangers and bookrunners.  The Credit Agreement
provides for a senior secured credit facility that will mature in
16 consecutive quarterly installments equal to 0.25% of outstanding
borrowings, payable beginning with the third fiscal quarter of
2016, with any remaining principal due on the final maturity date
of July 1, 2020.  The term loans issued under the facility bear
interest at a rate of LIBOR plus 4.50%, with a 1.0% LIBOR floor,
and were issued at 99.0% of par.

Outstanding borrowings under the facility are collateralized by a
first lien on a fixed pool of assets, with required minimum
collateral coverage of not less than 1.25x outstanding borrowings
(and other indebtedness associated with the collateral).  The
Company may withdraw collateral, including pursuant to a sale or
repayment of a collateral asset, so long as the minimum coverage
ratio will continue to be met.  The Company is required to apply
certain proceeds from principal payments, asset sales and recovery
events in respect of the collateral to pay down outstanding
borrowings.  The Credit Agreement contains certain covenants
relating to the collateral and restricted payments, among other
matters, but does not contain corporate level financial covenants
such as minimum net worth, fixed charge coverage or minimum
unencumbered assets covenants.  The Credit Agreement permits the
Company to pay common stock dividends up to 100% of its REIT
taxable income (calculated in accordance with the Credit Agreement)
in any year, as well as stated dividends on outstanding preferred
stock.

The Credit Agreement contains customary events of default,
including payment defaults, failure to perform covenants, defaults
under other recourse indebtedness above specified thresholds,
change of control, bankruptcy events and defaults under the
collateral agreement.  Certain of the events of default are subject
to cure periods.

A full-text copy of the Credit Agreement is available at:

                  https://is.gd/NSpy4V

                     About iStar Inc.

New York-based iStar Inc., formerly known as iStar Financial Inc.
(NYSE: SFI) provides custom-tailored investment capital to high-end
private and corporate owners of real estate, including senior and
mezzanine real estate debt, senior and mezzanine corporate capital,
as well as corporate net lease financing and equity.  The Company,
which is taxed as a real estate investment trust, provides
innovative and value added financing solutions to its customers.

iStar Inc. reported a net loss allocable to common shareholders of
$52.7 million on $515 million of total revenues for the year ended
Dec. 31, 2015, compared to a net loss allocable to common
shareholders of $33.7 million on $462 million of total revenues for
the year ended Dec. 31, 2014.

As of Dec. 31, 2015, the Company had $5.62 billion in total assets,
$4.51 billion in total liabilities, $10.71 million in redeemable
concontrolling interests, and $1.10 billion in total equity.

                            *     *     *

As reported by the TCR on June 26, 2014, Fitch Ratings had
affirmed the Issuer Default Rating (IDR) of iStar Financial
at 'B'.  The 'B' IDR is driven by improvements in the company's
leverage, continued demonstrated access to the capital markets and
new sources of growth capital and material reductions in non-
performing loans (NPLs).

As reported by the TCR on Oct. 5, 2012, Standard & Poor's Ratings
Services affirmed its 'B+' long-term issuer credit rating on iStar
Financial.

In October 2012, Moody's Investors Service upgraded the corporate
family rating to 'B2' from 'B3'.  The current rating reflects the
REIT's success in extending near term debt maturities and
improving fundamentals in commercial real estate.  The ratings on
the October 2012 senior secured credit facility takes into account
the asset coverage, the size and quality of the collateral pool,
and the term of facility.


JOHN Q HAMMONS: Hires Merrick, Baker & Strauss as Counsel
---------------------------------------------------------
John Q. Hammons Fall 2006, LLC and its debtor-affiliates seek
permission from the U.S. Bankruptcy Court for the District of
Kansas to employ Merrick, Baker & Strauss, PC as conflict counsel
for the Debtors.

The Debtors require Merrick Baker to:

     a. advise the Debtors with respect to its rights and
obligations as debtors and debtor-in-possession and regarding other
matters ob bankruptcy law as to those matters on which Merrick
Baker is conflicts counsel;

     b. review and prepare and file of any portion of the
schedules, motions, statement of affairs, plan of reorganization,
or other pleadings of documents as conflict counsel which may be
required in these proceedings;

     c. represent of the Debtors as needed as conflicts counsel at
plan disclosure confirmation and related hearings, and any
adjourned hearings therefore;

     d. represent the Debtors in adversary proceedings and other
contested bankruptcy matters as conflicts counsel; and

     e. represent the Debtors and any other matter that may arise
in connection with the Debtors' reorganization proceeding and its
business operations where its general bankruptcy counsel Stinson
Leonard Street LLP have a conflict.

Merrick Baker will be paid at these hourly rates:

      Attorneys                     $250-$400
      Secretary/Paralegal           $25

Merrick Baker was retained by the debtors on or about June 18,
2016.

On June 22, 2016, it received a retainer of $100,000. On June 24,
2016, it applied $10,000 against this retainer for its fees
incurred prior to the commence of the Debtors' cases, leaving it
with a net retainer of $90,000

Victor F. Weber, associate in the law firm of Merrick, Baker &
Strauss, PC, 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.

Merrick Baker may be reached at:

      Victor F. Weber
      Merrick, Baker & Strauss, PC
      1044 Main Street, Suite 500
      Kansas City, MO 64105
      Tel: 816-221-8855
      Fax: 816-221-7886

             About John Q. Hammons Hotels & Resorts

Springfield, Mo.-based John Q. Hammons Hotels & Resorts (JQH) --
http://www.jqhhotels.com/-- is a private, independent owner and   
manager of hotels in the United States, representing brands such
as: Marriott, Hilton, Embassy Suites by Hilton, Sheraton, IHG,
Chateau on the Lake Resort / Spa & Convention Center, and Plaza
Hotels Collection.  It has portfolio of 35 hotels representing
approximately 8,500 guest rooms/suites in 16 states.

John Q. Hammons Hotels & Resorts on June 27, 2016, disclosed that
the family of companies, the Revocable Trust of John Q. Hammons,
and their related affiliates, have filed voluntary petitions
(Bankr. D. Kan. Case No. 16-21139 to Case No. 16-21208) to
restructure under Chapter 11 of the U.S. Bankruptcy Code.

The Debtors are represented by Mark A. Shaiken, Esq., Mark S.
Carder, Esq., and Nicholas Zluticky, Esq., at Stinson Leonard
Street LLP, in Kansas City, Missouri.  The Debtors conflict
counsel
is Victor F Weber, Esq., at Merrick Baker and Strauss PC, in
Kansas
City, Missouri.

At the time of filing, the Debtors had $100 million to $500
million
in estimated assets and $100 million to $500 million in estimated
liabilities.

The petitions were signed by Greggory D Groves, vice president.

The Revocable Trust of John Q. Hammons, John Q. Hammons Hotels and
related companies are scheduled to go to trial July 26 in a dispute
stemming from a 2005 agreement in which entities associated with
Jonathan Eilian loaned Hammons $300 million.


KAISA GROUP: Hong Kong Proceeding Granted Recognition
-----------------------------------------------------
Judge Sean H. Lane of the U.S. Bankruptcy Court for the Southern
District of New York issued an order recognizing the proceeding of
Kaisa Group Holdings Ltd., pending before the High Court of Hong
Kong Special Administrative Region, as a foreign main proceeding.

Judge Lane also recognized Dr. Tam Lai Ling as the duly appointed
authorized representative of Kaisa.  Dr. Tam Lai Ling was
authorized to operate Kaisa's business in relation to its chapter
15 case and was given authority to exercise the powers of a
trustee.  He was entrusted with the administration and realization
of all of Kaisa's assets that are located in the territorial
jurisdiction of the United States, including all claims and causes
of action belonging to Kaisa.

Judge Lane ordered all persons and entities that were given a
notice of his Order and who are in possession, custody or control
of property, or the proceeds thereof, of Kaisa located in the
territorial jurisdiction of the United States to immediately Advise
Dr. Tam Lai Ling by written notice sent to the following address:

          Suite 2001
          20th Floor, Two International Finance Centre
          8 Finance Street, Central, Hong Kong
          (Attn: Dr. Tam Lai Ling)

Judge Lane further ordered that the written notice must set forth
the following:

     (1) the nature of such property or proceeds;

     (2) when and how such property or proceeds came into the
custody, possession and control of such person or entity; and

     (3) the full identity and contact information for such person
or entity.

                         About Kaisa Group

Kaisa Group Holdings Ltd. (HKG:1638) --
http://www.kaisagroup.com/english/-- is an investment holding  
company, and its subsidiaries are engaged in property
development, property investment and property management.

Shenzhen, China-based Kaisa became the first Chinese developer to
default on dollar-denominated debt when it failed to pay the
coupon on two securities earlier in 2014.  In October 2015, the
builder reached an agreement with Bank of China Ltd. that enabled
it to restart sales of some projects.

The company said its offshore debt restructuring plan was approved
by requisite majority of creditors at scheme meetings held by
courts in Hong Kong and the Cayman Islands on May 20, 2016.  Kaisa
said holders of 96 percent of its offshore obligations, which are
from outside of China, support the restructuring agreement
negotiated in the Hong Kong proceeding.

Kaisa Group filed a Chapter 15 bankruptcy petition (Bankr. S.D.N.Y.
Case No. 16-11303) in the U.S. on May 5, 2016, to seek recognition
of its proceedings in Hong Kong.  Dr. Tam Lai Ling, the foreign
representative, signed the petition.  Attorneys at Ropes & Gray LLP
serve as counsel in the U.S. cases.

Kaisa listed $14.9 billion in debt and $16.1 billion in assets.


KAISA GROUP: Recognition of Hong Kong Scheme Sought
---------------------------------------------------
Dr. Tam Lai Ling, foreign representative of the debtor Kaisa Group
Holdings Ltd., asks the U.S. Bankruptcy Court for the Southern
District of New York to recognize the terms of Kaisa's scheme of
arrangement.

"The Hong Kong Scheme provides for a restructuring in which Kaisa's
creditors holding 'offshore' claims arising out of debt issued by
non-PRC entities under non-PRC law— the Scheme Claims—will be
restructured.  The Scheme Claims consist of Existing HY Notes,
Convertible Bonds, and Existing Offshore Loans... New York law
governs both (i) the Existing HY Notes and (ii) an 'Intercreditor
Agreement' providing that the holders of the Existing HY Notes, the
Convertible Bonds and certain Existing Offshore Loans have equal
priority in respect of, and a pro rata entitlement to, specified
security interests," the Foreign Representative Contends.

The Hong Kong Scheme contemplates a restructuring in which the
Existing HY Notes, Convertible Bonds, and Existing Offshore Loans
are combined into a single class for voting purposes, with each
participating holder entitled to select among the following three
options:

     (a) Option 1 – New HY Notes and CVRs: A combination of (i)
new notes ("New HY Notes")30 issued at an exchange rate of 1:1 with
new principal amounts, new maturity dates, and new interest coupon
schedules; and (ii) contingent value rights ("CVRs"), providing
upside sharing in the event that one or more specified trigger
events occur.

     (b) Option 2 – New HY Notes Only: New HY Notes issued at an
exchange rate of 1:1.02598 with new principal amounts, new maturity
dates, and new interest coupon schedules; or

     (c) Option 3 – Mandatorily Exchangeable Bonds: New
convertible bonds ("Mandatorily Exchangeable Bonds," and together
with the New HY Notes and CVRs, the "Scheme Instruments") issued at
an exchange rate of 1:1.

The Foreign Representative tells the Court that the consummation of
the Hong Kong Scheme and Scheme Releases will have, among others
the following effects:

   (a) all Scheme Claims will be cancelled upon issuance of the
Scheme Instruments;

   (b) Scheme Creditors will be deemed to have entered into, and be
bound by, among others, the definitive restructuring agreements
giving effect to the terms of the Hong Kong Scheme ("Restructuring
Documents");

   (c) Scheme Creditors holding Existing HY Notes, the Convertible
Bonds and certain of the Existing Offshore Loans currently have the
benefit of certain guarantees provided by some of Kaisa's
subsidiaries ("Subsidiary Guarantors").  Those Scheme Creditors
also separately have the benefit of certain share pledges which
benefit is to be pari passu under the Intercreditor Agreement with,
among others, Kaisa and certain of Kaisa's subsidiaries
("Subsidiary Guarantor Pledgors").  As part of the Hong Kong
Scheme, each relevant trustee will enter into an "Amended and
Restated Intercreditor Agreement," pursuant to which the security
will be shared for the benefit of all Scheme Creditors on a pari
passu basis;

   (d) the Scheme Claims will be released and discharged fully and
absolutely upon the issuance of the Scheme Instruments; and

   (e) The Debtor and Debtor Related Parties shall also be released
unconditionally from possible claims arising from the Scheme Claims
("Scheme Releases").

"Recognizing and enforcing the Hong Kong Scheme and the Hong Kong
Sanction Order could thus not upset the principles of fairness
under U.S. law and, indeed, would further the key policy
considerations of comity and recognition of a foreign court's
insolvency powers where procedural fairness is evident.  In the
absence of any public policy concerns, the Requested Relief must be
granted on the basis of comity and Bankruptcy Code section
1509(b)(3)," the Foreign Representative avers.

The Foreign Representative's Motion is scheduled for hearing on
July 14, 2016 at 11:30 a.m.  The deadline for the filing of
objections to the Foreign Representative's Motion is set on
July 8, 2016 at 5:00 p.m.

Dr. Tam Lai Ling, Foreign Representative of Kaisa Group, is
represented by:

          Mark I. Bane, Esq.
          ROPES & GRAY LLP
          1211 Avenue of the Americas
          New York, NY 10036-8704
          Telephone: (212)596-9000
          Facsimile: (212)596-9090
          E-mail: mark.bane@ropesgray.com

               - and -

          Joshua Y. Sturm, Esq.
          ROPES & GRAY LLP
          800 Boylston Street
          Boston, MA 02199-3600
          Telephone: (617)951-7000
          Facsimile: (617)951-7050
          E-mail: joshua.sturm@ropesgray.com

                         About Kaisa Group

Kaisa Group Holdings Ltd. (HKG:1638) --
http://www.kaisagroup.com/english/-- is an investment holding  
company, and its subsidiaries are engaged in property
development, property investment and property management.

Shenzhen, China-based Kaisa became the first Chinese developer to
default on dollar-denominated debt when it failed to pay the
coupon on two securities earlier in 2014.  In October 2015, the
builder reached an agreement with Bank of China Ltd. that enabled
it to restart sales of some projects.

The company said its offshore debt restructuring plan was approved
by requisite majority of creditors at scheme meetings held by
courts in Hong Kong and the Cayman Islands on May 20, 2016.  Kaisa
said holders of 96 percent of its offshore obligations, which are
from outside of China, support the restructuring agreement
negotiated in the Hong Kong proceeding.

Kaisa Group filed a Chapter 15 bankruptcy petition (Bankr. S.D.N.Y.
Case No. 16-11303) in the U.S. on May 5, 2016, to seek recognition
of its proceedings in Hong Kong.  Dr. Tam Lai Ling, the foreign
representative, signed the petition.  Attorneys at Ropes & Gray LLP
serve as counsel in the U.S. cases.

Kaisa listed $14.9 billion in debt and $16.1 billion in assets.


KCC INTERNATIONAL: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: KCC International LLC
        4212 San Felipe, Suite 417
        Houston, TX 77027

Case No.: 16-33375

Chapter 11 Petition Date: July 4, 2016

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

Judge: Hon. Karen K. Brown

Debtor's Counsel: John Akard, Jr., Esq.
                  COPLEN & BANKS, P.C.
                  11111 McCracken, Suite A
                  Cypress, TX 77429
                  Tel: 832-237-8600
                  Fax: 832-202-2088
                  E-mail: johnakard@attorney-cpa.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Willis Pumphrey, sole member.

A copy of the Debtor's list of its 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/txsb16-33375.pdf


LINC USA GP: Cash Use Budget Until Sept. 18 Approved
----------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Texas
entered a second interim order authorizing Linc USA GP and its
affiliated Debtors to obtain postpetition financing and use cash
collateral.

The Court approved the 13-week Budget which covers the period
beginning on June 26, 2016 and ending on Sep. 18, 2016.  The Budget
projects total operating disbursements amounting to $7,195,581. The
operating disbursements include Ad Valorem Taxes, Liability
Insurance, Corporate Payroll, Corporate Benefits, Field Level
Payroll, Field Level Benefits and Non-payroll Overhead, among
others.

The final hearing on the Debtor's DIP Motion is scheduled on July
11, 2016 at 1:00 p.m.

A full-text copy of the Second Interim Order, dated June 21, 2016,
is available at https://is.gd/AITf0R

                        About Linc USA GP

Each of Linc USA GP, Linc Energy Finance (USA), Inc., Linc Energy
Operations, Inc., Linc Energy Resources, Inc., Linc Gulf Coast
Petroleum, Inc., Linc Energy Petroleum (Wyoming), Inc., Paen
Insula
Holdings, LLC, Diasu Holdings, LLC, Diasu Oil & Gas Company, Inc.,
Linc Alaska Resources, LLC and Linc Energy Petroleum (Louisiana),
LLC filed a voluntary petition for relief under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Tex. Lead Case No. 16-32689) on May
29, 2016.

Linc USA GP and its subsidiaries operate an independent oil and
gas
exploration and production business with a primary focus on
conventional onshore and shallow state water properties along the
Gulf Coast of Texas and properties in the Powder River Basin of
Wyoming.  The Debtors, through their majority owned subsidiary,
Renaissance Umiat, LLC (which is not a Debtor), also own oil and
gas properties in the Umiat field on Alaska's North Slope.  The
Debtors are ultimately owned by Linc Energy Ltd., an Australian
corporation established in the year 2000, shares of which were
listed on the Singapore Stock Exchange.  Linc Energy Ltd. entered
into voluntary administration in Australia on April 15, 2016.

The Debtors estimated assets in the range of $50 million to $100
million and debts of up to $500 million.  As of the Petition Date,
the Debtors estimate that they owed
approximately $5.8 million to their vendors.

Bracewell LLP serves as the Debtors' counsel.  Kurtzman Carson
Consultants LLC acts as the Debtors' notice, claims and balloting
agent.

Judge David R Jones presides over the cases.


MAIN STREET SCHOOLS: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: Main Street Schools, LLC
           dba Montessori Country Day School
        8718 Tyler Drive
        Argyle, TX 76226

Case No.: 16-41222

Chapter 11 Petition Date: July 4, 2016

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

Judge: Hon. Brenda T. Rhoades

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

Total Assets: $758,898

Total Liabilities: $1.29 million

The petition was signed by William J. Vesterman, sole member of
general partner.

A copy of the Debtor's list of its 20 largest unsecured creditors
is available for free at http://bankrupt.com/misc/txeb16-41222.pdf


MUSCLEPHARM CORP: Stockholders Elect Four Directors
---------------------------------------------------
The 2016 annual meeting of stockholders of MusclePharm Corporation
was held on June 27, 2016, at which the stockholders:

   (1) elected Ryan Drexler, Stacey Jenkins, Michael Doron and
       William Bush as directors;

   (2) ratified the appointment of EKS&H LLP as the Company's
       independent registered public accounting firm for the
       fiscal year ending Dec. 31, 2016;

   (3) approved, on a non-binding, advisory basis, the
       compensation paid to the Company's named executive
       officers; and

   (4) approved, on a non-binding, advisory basis, frequency of
       every year for future non-binding advisory votes on
       compensation of the Company's named executive officers.

                      About MusclePharm

Headquartered in Denver, Colorado, MusclePharm Corporation
(OTC BB: MSLP) -- http://www.muslepharm.com/-- is a healthy life-
style company that develops and manufactures a full line of
National Science Foundation approved nutritional supplements that
are 100 percent free of banned substances.  MusclePharm is sold in
over 120 countries and available in over 5,000 U.S. retail
outlets, including GNC and Vitamin Shoppe.  MusclePharm products
are also sold in over 100 online stores, including
bodybuilding.com, Amazon.com and Vitacost.com.

MusclePharm Corporation reported a net loss of $13.8 million in
2014, a net loss of $17.7 million in 2013 and a net loss of $19
million in 2012.

As of March 31, 2016, MusclePharm had $61.2 million in total
assets, $73.1 million in total liabilities and a total
stockholders' deficit of $11.9 million.


MVP TRANS: Hires Ballstaedt Law Firm as Counsel
-----------------------------------------------
MVP Trans Inc., seeks authorization from the U.S. Bankruptcy Court
for the District of Nevada to employ The Ballstaedt Law Firm as
counsel for Debtor-In-Possession

The Debtor requires Ballstaedt Law Firm to:

     a. institute, prosecute, or defend any contested mattes
arising out of this bankruptcy proceeding in which the Debtor may
be a party;

     b. assist in the recovery and liquidation of estate assets,
and to assist in protecting and preserving the same when
necessary;

     c. assist in determining the priorities and statutes of claims
and in filing objections thereto when necessary;

     d. assist in preparation of a disclosure statement and Chapter
11 plan of reorganization; and

     e. advise Applicant and perform all other legal services for
the Applicant which may be or become necessary in this bankruptcy
proceeding.

Ballstaedt Law Firm will be paid at these hourly rates:

     Attorneys                       $300
     Paralegals                      $150

Ballstaedt Law Firm and Debtor have agreed to an initial retainer
amount of $3,667 plus the court filing fee of $1,717. The Law Firm
received from the Debtor, prior to the petition date, a payment of
$5,384 of which $1,717 of the amount has been used to pay the court
filing fee.

Ballstaedt Law Firm will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Seth Ballstaedt, principal of the Law Office of Ballstaedt Law
Firm, 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.

Ballstaedt Law Firm may be reached at:

       Seth Ballstaedt, Esq.
       Ballstaedt Law Firm
       9555 S. Eastern Ave, Ste 210
       Las Vegas, NV 89123
       Phone: (702)715-0000
       Fax: (702)666-8215
       E-mail: help@ballstaedtlaw.com

                 About MVP Trans Inc.

MVP Trans Inc. filed a Chapter 11 bankruptcy petition (Bankr. D.
Nev. Case No. 16-13016) on June 1, 2016. Hon. August B. Landis
presides over the case. Ballstaedt Law Firm represents the Debtor
as counsel.  In its petition, the Debtor estimated $1 million
to $10 million in both assets and liabilities. The petition was
signed by Sergey Sergeyevsky, secretary, treasurer and director.


NANOSPHERE INC: Luminex Corp. Completes Company Acquisition
-----------------------------------------------------------
Luminex Corporation announced that Luminex has completed its
previously announced acquisition of Nanosphere, Inc.

"We are pleased to announce the completion of this transaction and
welcome the Nanosphere team to the Luminex family.  This
transaction creates an exciting opportunity to enhance our four
pillars of growth strategy by providing our customers with a wider
array of products, increased support and services, and greater
depth in both the molecular microbiology and diagnostic markets,"
said Homi Shamir, president and CEO of Luminex.  "Consistent with
the prior full year revenue estimate of between $28 to $30 million
dollars, we expect Nanosphere to contribute between $13 million and
$16 million to our consolidated revenue in 2016, and we expect its
revenue to continue to grow at an annualized rate well into the
double digits.  We continue to enjoy strong momentum in our base
business, and look forward to updating our formal 2016 revenue
guidance on our second quarter earnings call."

The previously announced tender offer expired at 12:00 Midnight
Eastern Daylight time, at the end of June 29, 2016, and was not
extended.  The depositary for the tender offer advised Commodore
Acquisition, Inc., a wholly owned subsidiary of Luminex, that, as
of the expiration of the tender offer, a total of 45,252,609 shares
were validly tendered and not withdrawn in the tender offer,
representing a total of approximately 85.6% of Nanosphere's
outstanding shares (excluding shares tendered pursuant to
guaranteed delivery procedures but not yet delivered).  In
addition, notices of guaranteed delivery have been delivered with
respect to 953,173 shares. Commodore Acquisition, Inc. accepted for
payment all shares tendered in the tender offer and will pay for
all such tendered shares promptly in accordance with the terms of
the offer.  Commodore Acquisition, Inc. subsequently completed the
merger without a vote of Nanosphere's stockholders pursuant to
Section 251(h) of the Delaware General Corporation Law, with
Nanosphere surviving the merger as a wholly owned subsidiary of
Luminex.  Nanosphere shares shall cease trading on the Nasdaq
Capital Market as of the close of business on June 30, 2016.  In
connection with the merger, all remaining Nanosphere shares (other
than shares held by any Nanosphere stockholder who properly
exercised appraisal rights under Section 262 of the Delaware
General Corporation Law) not validly tendered into, or withdrawn
from, the tender offer will be cancelled and converted into the
right to receive US$1.70 per share in cash, the same consideration
per share offered in the tender offer.

Luminex expects to record charges for non-recurring cash and
non-cash acquisition-related costs in connection with the
transaction. The full extent of these charges will not be
determined under the rules of purchase accounting until valuation
has been completed. In addition, transaction-related professional
fees will be expensed as incurred, as required by GAAP per ASC 805
Business Combinations.

                      About Luminex Corporation

Luminex is committed to applying its passion for innovation toward
creating breakthrough solutions to improve health and advance
science.  The company is transforming global healthcare and
life-science research through the development, manufacturing and
marketing of proprietary instruments and assays utilizing xMAP
open-architecture multi-analyte platform, MultiCode real-time
polymerase chain reaction (PCR), and multiplex PCR-based
technologies, that deliver cost-effective rapid results to
clinicians and researchers.  Luminex's technology is commercially
available worldwide and in use in leading clinical laboratories, as
well as major pharmaceutical, diagnostic, biotechnology and
life-science companies.  Luminex is meeting the needs of customers
in markets as diverse as clinical diagnostics, pharmaceutical drug
discovery, biomedical research including genomic and proteomic
research, personalized medicine, biodefense research and food
safety.  For further information on Luminex Corporation and the
latest advances in multiplexing using award winning technology,
please visit http://www.luminexcorp.com/.

                         About Nanosphere

Nanosphere, Inc., develops, manufactures and markets an advanced
molecular diagnostics platform, the Verigene System, that enables
simple, low cost and highly sensitive genomic and protein testing
on a single platform.  The Verigene System includes a bench-top
molecular diagnostics workstation that is a universal platform for
genomic and protein testing and provides for multiple tests to be
performed on a single platform, including both genomic and protein
assays, from a single sample.  Its proprietary nanoparticle
technology provides the ability to run multiple tests
simultaneously on the same sample.  Nanosphere was founded by Chad
A. Mirkin and Robert Letsinger on Dec. 30, 1999, and is
headquartered in Northbrook, IL.

Nanosphere reported a loss attributable to common shareholders of
$42.84 million on $21.07 million of total revenue for the year
ended Dec. 31, 2015, compared to a net loss attributable to common
shareholders of $39.07 million on $14.29 million of total revenue
for the year ended Dec. 31, 2014.

As of March 31, 2016, Nanosphere had $39.78 million in total
assets, $27.49 million in total liabilities and $12.29 million in
total stockholders' equity.

Deloitte & Touche LLP, in Chicago, Illinois, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2015, citing that the Company's recurring
losses from continued use of cash to fund operations raise
substantial doubt about its ability to continue as a going concern.


PIONEER ENERGY: Amends Revolving Credit Facility
------------------------------------------------
Pioneer Energy Services has amended its existing senior secured
revolving credit facility and modified certain covenants.

"We are pleased to have closed on this amendment that provides
Pioneer with adequate liquidity and financial flexibility to
navigate the current market conditions," said Wm. Stacy Locke,
Pioneer's president and chief executive officer.

"While we do expect the activity in the second half of the year to
be improved over the first half, we felt it was prudent to
proactively work with our bank group to obtain more flexible
covenant provisions."

Under this new amendment:

  * For the fiscal quarters ending December 31, 2016 through
    June 30, 2017, the senior consolidated leverage ratios and
    interest coverage ratios will be suspended and replaced with a
    minimum EBITDA requirement.  For the fiscal quarter ending on:
    (i) Dec. 31, 2016, EBITDA at the end of the prior six month
    period must not be less than $4 million, (ii) March 31, 2017,
    EBITDA at the end of the prior nine month period must not be
    less than $7 million, and (iii) June 30, 2017, EBITDA at the
    end of the prior twelve month period must not be less than $12

    million.

  * The permissible senior consolidated leverage ratios for the
    following fiscal quarters were revised as follows: (i) as of
    September 30, 2016, to be no greater than 4.50 to 1.00, (ii)
    as of September 30, 2017, to be no greater than 5.00 to 1.00,
    and (iii) as of December 31, 2017, to be no greater than 4.00
    to 1.00.

  * The permissible interest coverage ratios for the following
    fiscal quarters were revised as follows: (i) as of September
    30, 2016, to be no less than 1.15 to 1.00, (ii) as of
    September 30, 2017, to be no less than 1.00 to 1.00, and (iii)

    as of December 31, 2017, to be no less than 1.25 to 1.00.

  * The aggregate amount of commitments is set at $175 million, a
    reduction of $25 million with a further reduction of $25
    million to $150 million no later than Dec. 31, 2017.  The
    availability of credit will be based on a borrowing base
    comprised of certain eligible cash, accounts receivables,
    inventory and equipment.  At this time, the values of the
    Company's eligible assets are sufficient to meet the full $175

    million revolver capacity.

  * Pricing increased to a fixed rate of LIBOR plus 550 basis
    points for the duration of the facility.

"We remain committed to reducing debt to maintain a strong and
flexible balance sheet and are also continuing to high-grade our
drilling fleet by monetizing non-strategic assets when possible. We
currently have $95 million outstanding and $17.3 million in
committed letters of credit under the revolving credit facility."
Locke said.

Details of the amended credit agreement are available in a Current
Report on Form 8-K filed with the Securities and Exchange
Commission, a copy of which is available at https://is.gd/ulcNAo

                     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.


PRIME GLOBAL: Unit Signs MOU for Possible Joint Venture
-------------------------------------------------------
PGCG Assets Holdings Sdn Bhd, a Malaysia corporation and Prime
Global Capital Group Incorporated's wholly owned subsidiary,
entered into a memorandum of understanding with Yong Tai Berhad, a
public listed corporation in the main market of Bursa Malaysia
Berhad engaged in the business of commercial and residential
property development, to jointly develop the Company's land located
at Puncak Alam held under H.S.(D) 5460, PT No. 9135, Mukim Ijok,
Daerah Kuala Selangor, Negeri Selangor, measuring approximately
21.8921 hectors.  Under the MOU, the parties agreed to use their
best efforts to negotiate exclusively with each other regarding the
terms and conditions of the definitive agreement to jointly develop
the Land.

Pursuant to the MOU, the parties agreed that PGCG and YTB will be
entitled to 20% and 80%, respectively, of the estimated Gross
Development Value of the Proposed JV, or at such percentage of
estimated Gross Development Value as may be mutually agreed upon at
a later date between the parties.  The Gross Development Value of
the Proposed JV is estimated to be Ringgit Malaysia Five Hundred
Ten Million [RM510,000,000.00] or approximately United States
Dollars One Hundred Twenty Five Million [USD125,000,000.00] based
on the exchange rate of USD1 : RM4.08 as at 9.00am, 14.06.2016.
This estimated Gross Development Value is an estimate and may be
revised accordingly during the negotiation of the terms of the
definitive agreement.

The participation of the parties in the Proposed JV is conditional
upon the following conditions precedent being fulfilled on or
before 5.00 pm, Malaysian time on the expiry of 4 months from the
date of this MOU with an automatic extension of 2 months from the
expiry therefrom or such later date as agreed between the parties:

  (i) finalization of the negotiations between the parties and the

      terms and conditions and execution and delivery of the
      definitive agreement, in the form and substance that is
      satisfactory to the parties;

(ii) completion of all viability studies, assessments and due
      diligences as required by YTB including but not limited to
      financial, legal, tax, technical and business due diligences

      and due diligence on the Proposed JV, and the parties being
      satisfied with the results of such viability studies,
      assessments and due diligences; and

(iii) The parties will use reasonable efforts to negotiate and   
      enter into the definitive agreement which will reflect the
      terms of this MOU and contain such other provisions as are
      usual and customary in transactions of this nature including

      customary representations and warranties, customary
      conditions to closing, indemnifications and covenants and
      the parties are satisfied on the warranties as agreed
      between the parties.

If the definitive agreement concerning the Proposed JV is not
executed by 5.00pm, Malaysian time on the Termination Date (or such
later date as agreed between the parties) for whatever reason, then
the parties are released from all further obligations and
liabilities under the MOU.  The MOU is governed by the laws of
Malaysia.

                      About Prime Global

Kuala Lumpur, Malaysia-based Prime Global Capital Group operated in
the following three business segments during fiscal year 2014: (i)
software business (the provision of IT consulting, programming and
website development services); (ii) plantation business (including
oilseeds and castor seeds business); and (iii) its real estate
business.  In the fourth quarter of fiscal 2014, the Company
discontinued its castor seeds business in China, and in December
2014 it discontinued the software business (the provision of IT
consulting, programming and website services) in Malaysia. As a
result, the Company no longer conduct business operations in China
and anticipate winding down or otherwise selling its interests in
the following entities: Power Green Investments Limited; Max Trend
International Limited and Shenzhen Max Trend Green Energy Co Ltd.

Prime Global reported a net loss US$1.59 million for the year ended
Oct. 31, 2015, compared to a net loss of US$1.33 million for the
year ended Oct. 31, 2014.

As of April 30, 2016, the Company had US$50.6 million in total
assets, US$19.4 million in total liabilities and US$31.1 million in
total equity.

Crowe Horwath (HK) CPA Limited, in Hong Kong, China, issued a
"going concern" qualification on the consolidated financial
statements for the year ended Oct. 31, 2015, citing that the
Company has a working capital deficiency, accumulated deficit from
recurring net losses and significant short-term debt obligations
maturing in less than one year as of Oct. 31, 2015.  All these
factors raise substantial doubt about its ability to continue as a
going concern.


SAMSON RESOURCES: Seeks September Plan Hearing Amid Objections
--------------------------------------------------------------
Samson Resources Corporation and its affiliated debtors submitted
to the U.S. Bankruptcy Court for the District of Delaware a
supplemental motion seeking to amend certain dates and deadlines in
connection with the prosecution and confirmation of their Chapter
11 Plan.

"Despite the Debtors' efforts to create consensus among all
stakeholders, certain parties have indicated objections to the Plan
(including as it may be amended), and there can be no certainty
that these issues will be resolved through further discussions.
Accordingly, by this motion, the Debtors request approval of an
amended confirmation schedule through a confirmation hearing in
late September 2016.  By September -- barring a negotiated
settlement -- all parties will have had a full and fair opportunity
to prepare for Plan-related litigation and present their positions
for adjudication by the Court," the Debtors contend.

The Debtors anticipate the following potential objections, among
others, to their Plan:

     (a) the validity of liens and claims held by the First Lien
Lenders and the Second Lien Lenders;

     (b) the value of the Debtors' businesses, now and at the time
of the Debtors' 2011 Acquisition and at the time of the issuance of
the Second Lien Term Loan;

     (c) the First Lien Lenders' and Second Lien Lenders'
entitlement to adequate protection; and

     (d) the propriety of the releases provided under the Plan and
the sufficiency of the consideration provided therefor.

The Debtors propose the Confirmation Schedule set forth as
follows:

     July 21, 2016: Initial fact witness disclosure deadline and
                    deadline to commence discovery requests.

     July 28, 2016: Expert witness designation deadline,
                    commencement of document production, and
                    deadline to serve discovery requests.

     Aug. 11, 2016: Initial deadline to respond to discovery
                    requests.

     Aug. 15 - 18, 2016: Discovery dispute hearing

     Aug. 19, 2016: Disclosure statement hearing

     Aug. 22, 2016: Deadline to complete document production and
                      supplemental fact witness disclosure
                      deadline

     Aug. 25, 2016: Commencement of fact witness depositions,
                    Debtor's deadline to produce expert report,
                    and deadline to produce non-debtor expert
                    reports

     Aug. 31, 2016: Deadline to complete fact witness
                    depositions and Debtors' deadline to
                    disclose rebuttal experts

     Sep. 12, 2016: Debtors' deadline to produce rebuttal
                    expert report(s)

     Sep. 13, 2016: Commencement of expert witness
                    depositions

     Sep. 16, 2016: Deadline to complete expert witness
                    depositions

     Sep. 19, 2016: Plan objection deadline

     Sep. 20, 2016: Deadline to exchange Exhibit Lists

     Sep. 22, 2016: Pre-Trial status conference and Plan
                    reply deadline

     Sep. 26, 2016: Confirmation hearing.

Samson Resources Corporation and its affiliated debtors are
represented by:

         Domenic E. Pacitti, Esq.
         Michael W. Yurkewicz, Esq.
         KLEHR HARRISON HARVEY BRANZBURG LLP
         919 N. Market Street, Suite 1000
         Wilmington, DE 19801
         Telephone: (302)426-1189
         Facsimile: (302)426-919   
         E-mail: dpacitti@klehr.com
                 myurkewicz@klehr.com

                - and -

         Morton Branzburg, Esq.
         KLEHR HARRISON HARVEY BRANZBURG LLP
         1835 Market Street, Suite 1400
         Philadelphia, PA 19103
         Telephone: (215)569-2700
         Facsimile: (215)568-6603  
         E-mail: mbranzburg@klehr.com  

                - and -

         Paul M. Basta, Esq.
         Edward O. Sassower, Esq.
         Joshua A. Sussberg, Esq.
         KIRKLAND & ELLIS LLP
         601 Lexington Avenue
         New York, NY 10022
         Telephone: (212)446-4800
         Facsimile: (212)446-4900
         E-mail: paul.basta@kirkland.com
                 edward.sassower@kirkland.com
                 joshua.sussberg@kirkland.com

                - and -

          James H.M. Sprayregen, Esq.
          Ross M. Kwasteniet, Esq.
          Brad Weiland, Esq.
          KIRKLAND & ELLIS LLP
          300 North LaSalle
          Chicago, IL 60654
          Telephone: (312)862-2000
          Facsimile: (312)862-2200
          E-mail: james.sprayregen@kirkland.com
                 ross.kwasteniet@kirkland.com
                 brad.weiland@kirkland.com

                      About Samson Resources

Samson Resources Corporation, et al., filed Chapter 11 bankruptcy
petitions (D. Del. Lead Case No. 15-11934) on Sept. 16, 2015.
Philip W. Cook, the executive vice president and
chief financial officer, signed the petition.  The Debtors
estimated assets and liabilities of more than $1 billion.

Samson is an onshore oil and gas exploration and production
company
with interests in various oil and gas leases primarily located in
Colorado, Louisiana, North Dakota, Oklahoma, Texas, and Wyoming.
The Operating Companies operate, or have royalty or working
interests in, approximately 8,700 oil and gas production sites.

Samson was acquired by KKR and Crestview from Charles Schusterman
in December 2011 for approximately $7.2 billion.  The investor
group provided approximately $4.1 billion in equity investments as
part of the purchase price.

Kirkland & Ellis LLP represents the Debtors as general counsel.
Klehr Harrison Harvey Branzburg LLP is the Debtors' local counsel.

Alvarez & Marsal LLC acts as the Debtors' financial advisor.
Blackstone Advisory Partners L.P. serves as the Debtors'
Investment
banker.  Garden City Group, LLC serves as claims and noticing
agent
to the Debtors.

Andrew Vara, acting U.S. trustee for Region 3, appointed three
creditors of Samson Resources Corp. and its affiliated debtors to
serve on the official committee of unsecured creditors.  The
Committee has tapped White & Case LLP as counsel and Farnan LLP as
local counsel.

                          *     *     *

The Debtors, on May 16, 2016, filed a new debt-for-equity Chapter
11 Plan, a copy of whose Disclosure Statement is available at
http://bankrupt.com/misc/SAMSONds0517.pdf

The Plan contemplates an exchange of First Lien Claims for new
first lien debt (including commitments under a new reserve-based
revolving credit facility), Cash (including proceeds from Asset
Sales, if any), and new common equity.

In a subsequent filing, the Creditors Committee submitted a motion
in court seeking the termination of the Debtors' exclusivity
periods to file, and solicit acceptances for that, a Chapter 11
plan.  As reported in the May 26, 2016 edition of The Troubled
Company Reporter, the Committee claimed that "the Debtors' Amended
Plan on file represents a no win choice for unsecured creditors:
vote for the plan and get less than one would in a Chapter 7
liquidation; fight the plan and either get nothing or end up six
months down the road with no plan and administrative expenses
running out of control."


SFX ENTERTAINMENT: Court Approves Expansion of FTI's Services
-------------------------------------------------------------
Judge Mary F. Walrath of the U.S. Bankruptcy Court for the District
of Delaware granted SFX Entertainment, Inc., et al.'s to expand the
scope of the FTI retention, to specifically include:

   (a) the FTI Brazil Professionals' assistance to assess the needs
of the SFX Brazil Entities' operations, coordinate with the
Debtors' lenders to obtain any necessary credit support for the SFX
Brazil Entities, develop business plan alternatives, and

   (b) appointment of the Debtor's ACRO, Christopher T. Nicholls,
as Chief Executive Officer of Beatport, LLC.

The retention of the FTI Brazil Professionals and Mr. Nicholls'
expanded role as CEO of Beatport will be governed by the same terms
and conditions of the Retention Order, as modified to account for
the retention and fees of the FTI Brazil Professionals.

FTI Brazil Professionals' fees will be paid, at the Debtors'
option, either directly by the SFX Brazil Entities, by certain of
the Debtors' wholly-owned indirect non-debtor European
subsidiaries, or from proceeds of the Debtors' DIP Facility.

The Debtors shall provide notice to the DIP Lenders and their
counsel prior to the FTI Brazil Professionals incurring fees
totaling $50,000 in respect of the services to be performed by the
FTI Brazil Professionals pursuant to the Motion.

As reported in the July 1, 2016 edition of the TCR, the Debtors
sought authority from the U.S. Bankruptcy Court for the District of
Delaware (a) to expand the scope of the services to be rendered by
FTI Consulting, Inc. as the Debtors' crisis and turnaround manager,
(b) for FTI to add additional personnel, nunc pro tunc to May 18,
2016, and (c) for FTI to provide Christopher T. Nicholls to serve
as the Chief Executive Officer.

The assistance of additional personnel from FTI's Brazil offices
(the "FTI Brazil Professionals") is necessary to represent the
Debtors' interests with respect to the SFX Brazil Entities. Among
other responsibilities, the FTI Brazil Professionals will assess
the needs of the SFX Brazil Entities' operations, coordinate with
the Debtors' lenders to obtain any necessary credit support for the
SFX Brazil Entities, develop business plan alternatives, and assist
with the development of strategic alternatives for the business.

FTI Brazil Professionals will be paid at these hourly rates:

        Title                    Rate Per Hour ($USD)
   Senior Managing Director           $850
   Managing Director                  $750
   Director                           $680
   Senior Consultant                  $475

                     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.

Greenberg Traurig, LLP serves as the Debtors' counsel.  Kurtzman
Carson Consultants LLC acts as the Debtors' claims and noticing
agent.  The Debtor hired FTI Consulting Inc. to provide crisis and
turnaround management services.

An Official Committee of Unsecured Creditors has retained
Pachulski
Stang Ziehl & Jones LLP as counsel, and Conway Mackenzie, Inc., as
financial advisor.


SKYPEOPLE FRUIT: Nasdaq Sets Oct. 11 Listing Compliance Deadline
----------------------------------------------------------------
SkyPeople Fruit Juice, Inc., a producer of fruit juice
concentrates, fruit juice beverages and other fruit-related
products, on June 29 disclosed that on June 24, 2016, the Company
received a letter from the Nasdaq Listing Qualifications Staff (the
"Nasdaq Staff").  The letter states that the Company has been
granted an exception to file both its annual report on Form 10-K
for the period ended December, 31, 2015 (the "Form 10-K"), and its
quarterly report on Form 10-Q for the period ending March 31, 2016
(the "Form 10-Q"), on or before Oct. 11, 2016, so as to regain
compliance with Nasdaq Rule 5250(c)(1).

On June 23, 2016, the Company submitted an updated plan of
compliance to Nasdaq Staff which details that the new auditor, Wei,
Wei & Co., LLP has begun its audit work on May 9, 2016 but requires
additional time in order to complete the audit.  This is due to the
lack of in-house personnel who is familiar with U.S. GAAP and the
complexity of the business and operations of the Company, including
but not limited to, confirmations with agricultural raw materials
purchased from rural farmers and small collectively operating
farmer groups, and the more than 200 distributors spread throughout
China, all of which has caused much more work for the audit team.
On May 20, 2016, the Company hired an outside accountant who is a
U.S. Certified Public Accountant and familiar with U.S. GAAP.

The Company expects to complete and file the Form 10-K and Form
10-Q by the end of September 2016.  As previously disclosed, the
Company no longer complies with Nasdaq listing rules as stipulated
by Nasdaq Rule 5250(c)(1) due to its inability file its Form 10-K
for the fiscal year ended December 31, 2015 and its Form 10-Q for
the first quarter ended March 31, 2016, in a timely manner.

In the event that the Company does not file its Form 10-K and Form
10-Q, as well as any other delinquent reports on October 11, 2016,
Nasdaq Staff has stated that it will provide written notification
that the Company's securities will be delisted.  At that time, the
Company may appeal the Nasdaq Staff's determination to a Hearing
Panel under Listing Rule 5815(a).

                 About SkyPeople Fruit Juice

SkyPeople Fruit Juice, Inc. -- http://www.skypeoplefruitjuice.com/
-- a Florida company, through its wholly-owned subsidiary Pacific
Industry Holding Group Co., Ltd. ("Pacific"), a Vanuatu company,
and SkyPeople Juice International Holding (HK) Ltd., a company
organized under the laws of Hong Kong Special Administrative Region
of the People's Republic of China and a wholly owned subsidiary of
Pacific, holds 73.42% ownership interest in SkyPeople Juice Group
Co., Ltd. ("SkyPeople (China)") and 100% ownership interest in
SkyPeople Foods (China) Co., Ltd. ("SkyPeople Foods China").
SkyPeople (China) and ("SkyPeople Foods China"), together with
their operating subsidiaries in China, are engaged in the
production and sales of fruit juice concentrates, fruit beverages,
and other fruit related products in the PRC and overseas markets.
The Company's fruit juice concentrates are sold to domestic
customers and exported directly or via distributors.  Fruit juice
concentrates are used as a basic ingredient component in the food
industry.  Its brands, "Hedetang" and "SkyPeople," which are
registered trademarks in the PRC, are positioned as high quality,
healthy and nutritious end-use juice beverages.


SYNCARDIA SYSTEMS: Files for Bankruptcy After Failed IPO
--------------------------------------------------------
SynCardia Systems, Inc., a medical technology company, filed a
voluntary petition under Chapter 11 of the Bankruptcy Code months
after a failed launch of an initial public offering of the
Company's common stock which resulted in a liquidity shortfall.

SynCardia, a privately-held company with global headquarters and
manufacturing in Tucson, Arizona, is focused on developing,
manufacturing and commercializing the SynCardia temporary Total
Artificial Heart, or TAH-t, an implantable system designed to
assume the full function of a failed human heart in patients
suffering from advanced heart failure.

As disclosed in Court filings, SynCardia has averaged approximately
141 implants annually since 2012.  SynCardia patients currently use
one of three Driver types: Circulatory Support System (CSS)
Console, also known as Big Blue, Companion 2 or Freedom.  The
Driver is what powers and pumps the heart.  SynCardia's customers
include hospitals, surgical centers and mechanical circulatory
support programs across the United States, Canada, Europe,
Australia and Saudi Arabia.  The Debtor has approximately 67 full
time employees.

For the year ending December 2015, the Debtor generated revenues of
approximately $16.8 million and adjusted EBITDA loss of
approximately $12.7 million.  Through May 31, 2016, the Debtor had
revenues of $7.1 million, which represented a 6% overall decrease
over the comparable period in the prior year, according to Court
documents.

As of the Petition Date, the Debtor has outstanding debt obligation
in the aggregate of approximately $48 million, consisting primarily
of (a) $22 million in secured debt under its Amended and Restated
First Lien Credit Agreement, (b) $14.5 million under its
prepetition subordinated notes, and (c) approximately $11.5 million
of accrued and unpaid interest and amounts owed on account to
vendors and other unsecured creditors.

In December 2015, the Debtor missed an interest payment and has
entered into forbearance agreements with the predecessor-in-
interest to its current senior secured agent, Sindex SSI Lending,
LLC.  The Debtor has also fallen behind on certain of its trade
obligations.

Last year, SynCardia attempted the IPO but decided to withdraw it
following the FDA's public communication to transplant surgeons and
cardiologists stating that preliminary information suggested a
higher mortality rate for the subgroup of patients using the
Companion 2 Driver System as compared to Big Blue.  The letter had
negative effects on centers as well as the Company's potential
investors, said Stephen Marotta, SynCardia's chief restructuring
officer.  

In consultation with its professionals and after careful
examination by the Debtor's board of directors, the Debtor
determined that Chapter 11 would provide the necessary tools to
maximize asset value recovery to its creditors.  The Debtor said
its liquidity mandates an expedited sale process under Chapter 11.


With the assistance of its advisors, the Debtor marketed its
business prepetition, but was unable to secure an offer from
outside of its capital structure.  The Debtor has, however,
received an offer to purchase its business, for a combination of
$150,000 in cash and a partial credit bid of $19,000,000, plus
amounts owing under the debtor-in- possession financing facility
and the assumption of certain liabilities from Sindex.  The Debtor
intends to solicit higher and better offers than the Staking Horse
Bid.

On July 1, 2016, SynCardia entered into a stalking horse asset
purchase agreement and a debtor-in-possession financing agreement
with Sindex.  Both the APA and DIP Agreement are contingent on
milestones that, among other things, includes having a bid
procedures hearing scheduled within 26 days of the Petition Date
and having the Court consider the sale of the Debtor's business
within 51 days of the Petition Date.

The Debtor believes the transactions afforded by the APA offers the
best value for its assets and has the greatest chance of continuing
to service existing and future patients that rely on its artificial
hearts.

"A sale of the Debtor's assets will enable the Debtor's business to
continue to operate as a going concern, retain its customer base
and the subsequent services to individuals whose lives depend on
the Debtor's continued business, and avoid an erosion of customer
and vendor confidence that could result from a protracted chapter
11 process," said Mr. Marotta.

The Company has hired Olshan Frome Wolosky, LLP as general counsel;
Young, Conaway, Stargatt & Taylor, LLP as Delaware counsel; Ankura
Consulting Group as restructuring advisor; Canaccord Genuity, Inc.
as investment banker; and Rust Consulting/Omni Bankruptcy as claims
and noticing agent.

The case is pending in the U.S. Bankruptcy Court for the District
of Delaware, Case No. 16-11599.

Contemporaneously with the petition, the Debtor has filed various
first day motions seeking authority to, among other things, obtain
postpetition financing, use cash collateral, prohibit utility
providers from discontinuing services, pay prepetition obligations
to customers, use existing cash management system and pay employee
obligations.  A full-text copy of the declaration in support of the
First Day Motions is available for free at:

     http://bankrupt.com/misc/2_SYNCARDIA_Affidavit.pdf


TELKONET INC: Three Opposition Director Nominees Get Board Seats
----------------------------------------------------------------
Telkonet, Inc., held its annual meeting of stockholders on June 27,
2016, at which the stockholders:

   (a) elected Peter T. Kross, Leland D. Blatt, Arthur E. Byrnes
       (Opposition Nominiees), Jason L. Tienor and Tim S. Ledwick
       (Board Nominees) as directors;

   (b) ratified the appointment of BDO USA, LLP as the Company's
       independent registered public accounting firm for the year
       ended Dec. 31, 2016;

   (c) failed to ratify an amendment to the Company's Amended and
       Restated Articles of Incorporation to effect, at the
       discretion of the Company's Board of Directors, a reverse
       stock split of its common stock, par value $0.001 per
       share, at any time prior to next year's Annual Meeting of
       Stockholders by a ratio of not less than 1-for-10 and not
       more than 1-for-50, with the specific ratio, timing and
       terms to be determined by the Company's Board of Directors;
       and

   (d) ratified, on an advisory basis, the compensation of the
       Company's named executive officers as disclosed in the
       Company's Proxy Statement.

                       About Telkonet

Milwaukee, Wisconsin-based Telkonet, Inc., is a clean technology
company that develops and manufactures proprietary energy
efficiency and smart grid networking technology.

Telkonet reported a net loss attributable to common stockholders of
$207,357 on $15.08 million of total net revenues for the year ended
Dec. 31, 2015, compared to a net loss attributable to common
stockholders of $95,403 on $14.79 million of total net revenues for
the year ended Dec. 31, 2014.

As of March 31, 2016, Telkonet had $11.42 million in total assets,
$5.40 million in total liabilities and $6.01 million in total
stockholders' equity.


VERTELLUS SPECIALTIES: Creditors Object to Bid Procedures Motion
----------------------------------------------------------------
The Official Committee of Unsecured Creditors submitted to the U.S.
Bankruptcy Court for the District of Delaware, their objection to
Vertellus Specialties Inc., et al.'s bid procedures motion.

The Creditors Committee cites, among others, these reasons for
their objection:

   (1) The Debtors have proposed an expedited sales process,
including milestones for the occurrence of certain events and a bid
deadline at the worst possible time in the middle of August. There
is no compelling reason to impose a rushed August 15th bid
deadline, when a more appropriate deadline a few weeks later in
September would assure the Court and other stakeholders in the
cases that there has been sufficient time allowed for other bidders
to be able to formulate and submit their bids.

   (2) The Debtors have asked the Court to approve an exorbitant
Break-Up Fee of more than $13.6 million to be awarded to their
Prepetition Term Lenders under the guise that they need enticement
to become the stalking horse bidder and submit a credit bid for
their collateral at 73% of the face amount of their secured debt.
Essentially, the Debtors are asking the Court to approve a Break-Up
Fee on what is tantamount to a secured creditor submitting a
foreclosure bid on its collateral.  Awarding an existing secured
creditor an eight figure breakup fee simply for the privilege of
submitting a credit bid is unprecedented, and would turn on its
head the whole purpose and reasoning behind a bankruptcy court
awarding a breakup fee in the first place.

   (3) The Debtors have proposed handing a blank check to the
Stalking Horse Purchaser for Expense Reimbursement.  The Debtors
have presented no legal precedent for providing unlimited expense
reimbursement, and the practice of the courts in this district has
always been to place a cap on reasonable expense reimbursements.

   (4) The Debtors have proposed allowing the Stalking Horse
Purchaser to credit bid the full amount of the purchase price to
acquire the Purchased Assets despite the fact that the Purchased
Assets improperly include valuable unencumbered assets, that are
not part of their collateral.  Such credit bidding is improper and
would effectively expand the scope of the Prepetition Term Lender's
liens, thereby depriving the Debtors' general unsecured creditors
of the value of those unencumbered assets.

   (5) The Stalking Horse Purchaser is provided with consultation
rights at various stages in the marketing and auction process due
to the fact that it is the Debtors' Prepetition Term Lenders and
DIP Lenders.  While lenders typically have consultation rights,
that is wholly inappropriate where, as here, the lender is an
active bidder.

            Vertellus Specialties' Reply to Objection

"All of the prospective bidders are aware of the timelines required
by the proposed Bidding Procedures, and no party has expressed any
concern regarding any 'fast-track' sale timeline, nor that the sale
process may occur during late August.  The Committee's assertions
that the sale process is proceeding too quickly and during the
'worst possible time' are, therefore, unfounded...  the Debtors,
Stalking Horse Purchaser and DIP Lenders engaged in extensive
negotiations with respect to expense reimbursements proposed to the
Stalking Horse Purchaser and DIP Lenders, the required deposit for
qualified bidders, the backstop premium payable to certain DIP
Lenders, and other fees described in the Bidding Procedures and DIP
Credit Agreement.  As an initial matter, the Debtors' agreement to
provide these protections to the Stalking Horse Purchaser,
Prepetition Lenders and DIP Lenders is supported by the fact that
these expenses are provided for in the Prepetition Credit Agreement
and DIP Credit Agreement.  Indeed it is likely that such fees,
whether couched as Expense Reimbursement as part of the sale
process or expenses incurred to enforce their prepetition claims
and liens are a proper expense of which they are entitled
reimbursement... the Committee raises concerns over the Stalking
Horse Purchaser's ability to apply its credit bid rights toward
assets on which it does not have a lien.  This is not the intention
of the Debtors nor, to their knowledge, the Stalking Horse
Purchaser.  The Debtors are willing clarify this in the relevant
orders as necessary to address the Committee's concerns... The
proposed Bidding Procedures in this case provide for nothing
unusual with respect to the Stalking Horse Purchaser's consultation
rights, do not constrict the ability of the Debtors to exercise
their reasonable business judgment, and further provide for an open
and fair review and selection of Qualified Bidders," the Debtors
argue.

             Lenders Group and Stalking Horse Respond

The Ad Hoc Group of Lenders under the prepetition Term Loan
Agreement and the DIP Facility and the proposed Stalking Horse
Purchaser ("Term Loan Lenders") assert that the bidding procedures,
working in tandem with the DIP Facility, properly balance the risk
of value degradation with the goal of maximizing creditor
recoveries.  They further assert that the sale process and timeline
reflected in the Bidding Procedures and the funding made available
under the DIP Facility necessarily comprise a "package deal".  The
Term Loan Lenders add that without the funding, there would be no
sale process and without the sale process and the returns it
promises, there could be no funding.

The Term Loan Lenders argue that the Stalking Horse Purchaser is no
different that any other stalking horse bidder, that it has
conferred the requisite benefits on the Debtors, and that it should
be afforded the bid protections on which its stalking horse bid is
predicated.

"The Term Loan Lenders do not take issue with the Committee's
contention that they cannot exercise their credit bid rights to
purchase 'assets on which they do not have a lien.'...  However,
entirely without merit are the Committee's parallel arguments that
(a) there is a known pool of 'unencumbered assets' as to which
credit bidding is currently prohibited; and (b) if any assets are
determined to be unencumbered, such assets can only be purchased by
the Term Loan Lenders with cash...  In fact, the full pool of
unencumbered assets will only be determined after the Committee
completes its Challenge Period investigation, which must be
concluded within sixty days of the Committee's appointment (i.e.,
on or before August 8, 2016)," the Term Loan Lenders aver.

The Official Committee of Unsecured Creditors is represented by:

          Jeffrey R. Waxman, Esq.
          Eric J. Monzo, Esq.
          MORRIS JAMES LLP
          500 Delaware Avenue, Suite 1500
          P.O. Box 2306
          Wilmington, DE 19801-1494
          Telephone: (302)888-6800
          Facsimile: (302)571-1750
          E-mail: jwaxman@morrisjames.com
                  emonzo@morrisjames.com

                - and -

          Mark T. Power, Esq.
          Mark S. Indelicato, Esq.
          Janine M. Figueiredo, Esq.
          Joseph Orbach, Esq.
          HAHN & HESSEN LLP
          488 Madison Avenue
          New York, NY 10022
          Telephone: (212)478-7200
          Facsimile: (212)478-7400
          E-mail: mpower@hahnhessen.com
                  mindelicato@hahnhessen.com
                  jfigueiredo@hahnhessen.com
                  jorbach@hahnhessen.com

Vertellus Specialties Inc. and its affiliated debtors are
represented by:

          Stuart M. Brown, Esq.
          Kaitlin M. Edelman, Esq.
          DLA PIPER LLP (US)
          1201 North Market Street, Suite 2100
          Wilmington, DE 19801
          Telephone: (302)468-5700
          Facsimile: (302)394-2341
          E-mail: stuart.brown@dlapiper.com
                  kaitlin.edelman@dlapiper.com

                - and -

          Richard A. Chesley, Esq.
          Daniel M. Simon, Esq.
          David E. Avraham, Esq.
          DLA PIPER LLP (US)
          203 N. LaSalle Street, Suite 1900
          Chicago, IL 60601
          Telephone: (312)368-4000
          Facsimile: (312)236-7516
          E-mail: richard.chesley@dlapiper.com
                 daniel.simon@dlapiper.com
                 david.avraham@dlapiper.com

The Ad Hoc Group and the Stalking Horse Purchaser are represented
by:

          Laura Davis Jones, Esq.
          James E. O'Neill, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 N. Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705 (Courier 19801)
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: ljones@pszjlaw.com
                  joneill@pszjlaw.com

                - and -

          Peter K. Newman, Esq.
          Dennis C. O'Donnell, Esq.
          MILBANK, TWEEN, HADLEY & MCCLOY LLP
          1 Chase Manhattan Plaza
          New York, NY 10005
          Telephone: (212)530-5000
          Facsimile: (212)530-5219
          E-mail: pnewman@milbank.com
                  dodonnell@milbank.com

                - and -

          Mark Shinderman, Esq.
          Julian Gurule, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY, LLP
          601 South Figueroa Street, 30th Floor
          Los Angeles, CA 90017-5735
          Telephone: (213)892-4411
          Facsimile: (213)892-4211
          E-mail: mshinderman@milbank.com

                   About Vertellus Specialties

Vertellus Specialties Inc. is a global specialty chemicals company
focused on the manufacture of ingredients used in pharmaceuticals,
personal care, nutrition, agriculture, and a host of other market
areas affected by trends favoring "green" technologies and
chemistries.

Headquartered in Indianapolis, Indiana, Vertellus Specialties Inc.
and several affiliates filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-11289 to 16-11299) on
May 31, 2016.  Judge Christopher S. Sontchi presides over the
case.

Stuart M. Brown, Esq., Kaitlin M. Edelman, Esq., Richard A.
Chesley, Esq., Daniel M. Simon, Esq., and David E. Avraham, Esq.,
at DLA Piper LLP (US) serve as the Debtors' bankruptcy counsel.

Jefferies LLC is the Debtors' investment banker. Andrew Hinkelman
at FTI Consulting, Inc., is the Debtors' chief restructuring
officer. Kurtzman Carson Consultants is the Debtors' claims and
noticing agent.

The Debtors estimated their assets at between $100 million and $500
million and debt between $500 million and $1 billion.

The petitions were signed by Anne Frye, vice president, secretary
and general counsel.


VERTELLUS SPECIALTIES: Creditors Object to DIP Motion
-----------------------------------------------------
The Official Committee of Unsecured Creditors submitted to the U.S.
Bankruptcy Court for the District of Delaware, its limited
objection to Vertellus Specialties Inc., et al.'s motion asking the
Bankruptcy Court for authorization to obtain postpetition secured
financing.

The Committee relates that while it does not object to the DIP
Facility in general, there are specific provisions of the DIP
Credit Agreement and/or the Interim Order, which, if continued into
the Final Order, would improperly benefit the Prepetition Secured
Parties/DIP Secured Parties at the expense of the Debtors' estates
and their other creditors.

The Creditors Committee contends that several provisions in the DIP
Credit Agreement and/or the Interim Order are neither reasonable
nor "standard and customary" and would, if continued into the Final
Order, improperly benefit the Prepetition Secured Parties and/or
the DIP Secured Parties to the detriment of general unsecured
creditors of the Debtors' estates.

The Creditors Committee enumerates these provisions, among others,
and its reasons as to why such provisions are unreasonable and
improper:

   (a) The Prepayment Penalty: The Prepayment Penalty is simply
unreasonable when viewed in light of the facts and circumstances of
the cases.  The purpose of the DIP Facility is to permit the
Debtors to maintain their operations while the Chapter 11 sale
process for their assets plays out.  The Prepayment Fee, however,
is completely with odds with that process and severely restricts
the Debtors' ability to pursue sale and/or financing alternatives
should they arise in the sale process.

   (b) The Backstop Premium: The Initial Lenders should only be
entitled to a Backstop Fee on the amounts backstopped in excess of
their own commitment to fund the DIP Facility.

   (c) Payment of Fees and Expenses: To the extent that a Secured
Party seeks reimbursement of fees and expenses associated with the
purchase of the Debtors' assets, such reimbursement must not be
paid pursuant to the DIP Credit Agreement.  Rather, any fees and
expenses sought to be reimbursed in connection with the sale of the
Debtors' assets should only be reimbursed within a specific cap
pursuant to a separate order of the Court approving such bid
protections and only if they are not the successful bidder.

"The numerous sale-related milestones in the DIP Credit Agreement,
which, if not adhered to, constitute a default... provide the DIP
Lenders with unreasonable control over the sales process... The DIP
Credit Agreement attempts to grant DIP Lenders liens and
superpriority claims on all unencumbered assets including, but not
limited to, Avoidance Actions and any proceeds or property
recovered pursuant to Avoidance Actions... However, a grant of
liens to the DIP Lenders on Avoidance Actions is inconsistent with
the intent behind avoidance actions, which is to allow the
debtor-in-possession to recover certain payments on behalf of all
creditors...  The Interim Order requires any Challenge to be
asserted by the Committee within 60 days following the Formation
Date...  The proposed Challenge Period for the Committee is
insufficient to enable the Committee to undertake a thorough
investigation of the Debtors' complex capital structure, especially
with respect to foreign assets.  Rather, the Committee asserts that
a period of one hundred twenty days at minimum, not the
significantly shortened period as proposed, is a reasonable period
of time for the Committee to undertake its investigation,
particularly given the complexity and size of these cases and the
many pending motions and events which require the Committee's
attention at this early stage of the proceedings," the Official
Committee avers.

                  Vertellus Replies to Objection

"The Debtors, Stalking Horse Purchaser and DIP Lenders engaged in
extensive negotiations with respect to expense reimbursements
proposed to the Stalking Horse Purchaser and DIP Lenders, the
required deposit for qualified bidders, the backstop premium
payable to certain DIP Lenders, and other fees described in the
Bidding Procedures and DIP Credit Agreement.  As an initial matter,
the Debtors' agreement to provide these protections to the Stalking
Horse Purchaser, Prepetition Lenders and DIP Lenders is supported
by the fact that these expenses are provided for in the Prepetition
Credit Agreement and DIP Credit Agreement...  The Debtors, in their
business judgment, have determined that these terms are in the best
interest of the Debtors and their creditors, and will ultimately
lead to a robust auction and sale process... contrary to the
assertions in the Committee's DIP Objection, the Ad Hoc Group did,
in fact, backstop the entire $110 million DIP Facility and has
funded the entire amount of the Commitment as of the Closing Date
of the DIP Loan.  The Ad Hoc Group has borne the entire risk of the
Payoff of the ABL Obligations and the other Prepetition Lenders
assuming a portion of the Commitment.  The backstop premium
provided in the DIP Credit Agreement is protection and compensation
for the Ad Hoc Group which took on this risk and in light of all of
the fees charged under the DIP Credit Agreement is not
unreasonable... the prepayment penalty provided for the DIP Credit
Agreement is a standard business term in this context to provide a
worthwhile return to the DIP Lenders.  The Debtors understand that
the DIP Lenders will agree that the prepayment penalty will not
apply so long as the proposed sale schedule and milestones remain
in place," the Debtors contend.

              Ad Hoc Lenders Group and Buyer Respond

"Without citing any compelling legal authority, the Committee
argues that the Court should not permit the Debtors to grant liens
on, or superpriority claims with respect to, unencumbered assets,
including the Avoidance Actions and their proceeds.... The
Committee's argument is without merit and should be overruled...
Notwithstanding the Committee's protestations, there is no
prohibition under the Bankruptcy Code or relevant case law on
granting postpetition liens on unencumbered assets or avoidance
actions or the proceeds thereof.  Indeed, the fallacy of the
Committee's argument is plain, not the least because the Bankruptcy
Code expressly authorizes the granting of liens on unencumbered
assets under section 364(c)(2)... Contentions to the contrary
notwithstanding, the Committee does not require any more time,
funding, or consent rights to fulfill its statutory mandate in
these Chapter 11 Cases... the Committee seeks to extend the
duration of the Challenge Period and increase the amount of its
investigation budget.  Neither request is warranted because this is
not a debtor with a complex capital structure or the funding
capacity for a longer process.  On the Petition Date only the
Prepetition ABL Facility and the Prepetition Term Loan Facility
were outstanding, a perfection review of which can be completed in
matter of weeks.  The Debtors and the Term Loan Lenders are
prepared to cooperate fully with the Committee to facilitate the
timely conclusion of its investigation and, if it is so concluded,
no additional funding will be required to undertake these efforts,"
the Ad Hoc Group and proposed Stalking Horse Purchaser aver.

The Official Committee of Unsecured Creditors is represented by:

          Jeffrey R. Waxman, Esq.
          Eric J. Monzo, Esq.
          MORRIS JAMES LLP
          500 Delaware Avenue, Suite 1500
          P.O. Box 2306
          Wilmington, DE 19801-1494
          Telephone: (302)888-6800
          Facsimile: (302)571-1750
          E-mail: jwaxman@morrisjames.com
                  emonzo@morrisjames.com

                 - and -

          Mark T. Power, Esq.
          Mark S. Indelicato, Esq.
          Janine M. Figueiredo, Esq.
          Jeffrey Zawadzki, Esq.
          HAHN & HESSEN LLP
          488 Madison Avenue
          New York, NY 10022
          Telephone: (212)478-7200
          Facsimile: (212)478-7400
          E-mail: mpower@hahnhessen.com
                  mindelicato@hahnhessen.com
                  jfigueiredo@hahnhessen.com
                  jzawadzki@hahnhessen.com

Vertellus Specialties Inc. and its affiliated debtors are
represented by:

          Stuart M. Brown, Esq.
          Kaitlin M. Edelman, Esq.
          DLA PIPER LLP (US)
          1201 North Market Street, Suite 2100
          Wilmington, DE 19801
          Telephone: (302)468-5700
          Facsimile: (302)394-2341
          E-mail: stuart.brown@dlapiper.com
                  kaitlin.edelman@dlapiper.com

                 - and -

          Richard A. Chesley, Esq.
          Daniel M. Simon, Esq.
          David E. Avraham, Esq.
          DLA PIPER LLP (US)
          203 N. LaSalle Street, Suite 1900
          Chicago, IL 60601
          Telephone: (312)368-4000
          Facsimile: (312)236-7516
          E-mail: richard.chesley@dlapiper.com
                  daniel.simon@dlapiper.com
                  david.avraham@dlapiper.com

The Ad Hoc Group and the Stalking Horse Purchaser are represented
by:

          Laura Davis Jones, Esq.
          James E. O'Neill, Esq.
          PACHULSKI STANG ZIEHL & JONES LLP
          919 N. Market Street, 17th Floor
          P.O. Box 8705
          Wilmington, DE 19899-8705 (Courier 19801)
          Telephone: (302)652-4100
          Facsimile: (302)652-4400
          E-mail: ljones@pszjlaw.com
                  joneill@pszjlaw.com

                 - and -

          Peter K. Newman, Esq.
          Dennis C. O'Donnell, Esq.
          MILBANK, TWEEN, HADLEY & MCCLOY LLP
          1 Chase Manhattan Plaza
          New York, NY 10005
          Telephone: (212)530-5000
          Facsimile: (212)530-5219
          E-mail: pnewman@milbank.com
                  dodonnell@milbank.com

                 - and -

          Mark Shinderman, Esq.
          Julian Gurule, Esq.
          MILBANK, TWEED, HADLEY & MCCLOY, LLP
          601 South Figueroa Street, 30th Floor
          Los Angeles, CA 90017-5735
          Telephone: (213)892-4411
          Facsimile: (213)892-4211
          E-mail: mshinderman@milbank.com

                   About Vertellus Specialties

Vertellus Specialties Inc. is a global specialty chemicals company
focused on the manufacture of ingredients used in pharmaceuticals,
personal care, nutrition, agriculture, and a host of other market
areas affected by trends favoring "green" technologies and
chemistries.

Headquartered in Indianapolis, Indiana, Vertellus Specialties Inc.
and several affiliates filed separate Chapter 11 bankruptcy
petitions (Bankr. D. Del. Case Nos. 16-11289 to 16-11299) on May
31, 2016. Judge Christopher S. Sontchi presides over the case.

Stuart M. Brown, Esq., Kaitlin M. Edelman, Esq., Richard A.
Chesley, Esq., Daniel M. Simon, Esq., and David E. Avraham, Esq.,
at DLA Piper LLP (US) serve as the Debtors' bankruptcy counsel.

Jefferies LLC is the Debtors' investment banker. Andrew Hinkelman
at FTI Consulting, Inc., is the Debtors' chief restructuring
officer. Kurtzman Carson Consultants is the Debtors' claims and
noticing agent.

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

The petitions were signed by Anne Frye, vice president, secretary
and general counsel.


VIRGINIA DUL: Case Summary & 2 Unsecured Creditors
--------------------------------------------------
Debtor: Virginia DUL AC, L.L.C.
        4041 University Drive, Suite 200
        Fairfax, VA 22030

Case No.: 16-61686

Chapter 11 Petition Date: July 4, 2016

Court: United States Bankruptcy Court
       Northern District of Georgia (Atlanta)

Debtor's Counsel: Herbert C. Broadfoot, II, Esq.
                  HERBERT C. BROADFOOT II, PC
                  Suite 200
                  3343 Peachtree Road, NE
                  Atlanta, GA 30326
                  Tel: (404) 926-0058
                  Fax: (404) 926-0055
                  E-mail: bert@hcbroadfootlaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Robert Erlich, managing member.

A copy of the Debtor's list of 20 largest unsecured creditors --
disclosing just two entries -- is available for free at
http://bankrupt.com/misc/ganb16-61686.pdf


WATERBURY REALTY: Hires DelBello Donnellan as Attorneys
-------------------------------------------------------
Waterbury Realty, LLC seeks authorization from the U.S. Bankruptcy
Court for the Southern District of New York to employ DelBello
Donnellan Weingarten Wise & Wiederkehr LLP as Attorneys.

The Debtor requires DelBello Donnellan to:

     a. give advice to the Debtor with respect to its powers and
duties as Debtor-in-Possession and the continued management of its
property and affairs;

     b. negotiate with creditors of the Debtor and work out a plan
of reorganization and take the necessary legal steps ignored to
effectuate such a plan including, if need be, negotiations with the
creditors and other parties in interest.

     c. prepare the necessary answer, orders, reports and other
legal papers required for the Debtor's protection from its
creditors under Chapter 11 of the Bankruptcy Code;

     d. appear before the Court to protect the interest of the
Debotr and to represent the Debtor in all matters pending before
the Court;

     e. attend meetings and negotiate with representatives of
creditors and other parties in interest;

     f. advise the Debtor in connection with any potential sale of
its assets;

     g. represent the Debtor in connection with obtaining
post-petition financing, if necessary;

     h. take any necessary action to obtain approval of a
disclosure statement and confirmation of a plan of reorganization;
and

     i. perform all other legal services for the Debtors which may
be necessary for the preservation of the Debtor's estates and to
promote the best interest of the Debtor, its creditors and its
estates.

DelBello Donnellan will be paid at these hourly rates:

       Attorneys                  $375-$595
       Paraprofessionals          $150

DelBello Donnellan received a third-party pre-petition retainer
form Davd Holand member of the Debtor, in conjunction with the
filing of this Chapter 11 case in the amount of $42,500.

Jonathan S. Pasternak, partner of the firm of DelBello Donnellan
Weingarten Wise & Wiederkehr LLP, assured the Court that the firm
is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

DelBello Donnellan may be reached at:

      Jonathan S. Pasternak, Esq.
      Julie Cvek Curley, Esq.
      DelBello Donnellan Weingarten Wise & Wiederkehr LLP
      One North, Lexington Ave.
      White Plains, NY 10601
      Phone: (914)681-0200

            About Waterbury Realty, LLC

Waterbury Realty, LLC filed a Chapter 11 bankruptcy petition
(Bankr. S.D.N.Y. Case No. 16-11779) on June 20, 2016.  Hon. Shelley
C. Chapman presides over the case. The DelBello Donnellan
Weingarten Wise & Wiederkehr LLP represents the Debtor as counsel.
In its petition, the Debtor estimated $1 million to $10 million in
both assets and liabilities. The petition was signed by David
Holand, authorized member.


WESTMORELAND COAL: Amends Revolving Facility with PrivateBank
-------------------------------------------------------------
Westmoreland Coal Company, on June 29, 2016, executed an amendment
to its existing revolving credit facility with The PrivateBank and
Trust Company and Bank of the West, to:

    (1) extend the seasonal borrowing period by 16 days so it runs

        from June 15th to August 31st of each year;

    (2) change the seasonal loan increase amount available to
        Westmoreland and the other U.S. Borrowers thereunder to
        $5,000,000 from $20,000,000 (for a total of $35,000,000
        in the U.S. Borrowers' availability during that period);

    (3) permit the Canadian Borrowers to borrow up to an
        additional $5,000,000 during the seasonal borrowing period
       (for a total of $25,000,000 in the Canadian borrowers'
        availability during that period);

    (4) allow Westmoreland to include interest income in the
        calculation of bank adjusted EBITDA for both the U.S. and
        Canada; and

    (5) ease the revolver's fixed charge coverage ratio (bank
        adjusted EBITDA to fixed charges for the prior four fiscal
        quarters) to 1.10 from 1.15 for the consolidated U.S. and
        Canadian calculation commencing with the fiscal quarter
        ending June 30, 2016.

A full-text copy of the Sixth Amendment to Second Amended and
Restated Loan and Security Agreement is available at:

                   https://is.gd/FIubvb

                  About Westmoreland Coal

Colorado Springs, Colo.-based Westmoreland Coal Company (NYSE
AMEX: WLB) -- http://www.westmoreland.com/-- is the oldest        

independent coal company in the United States.  The Company's coal
operations include coal mining in the Powder River Basin in
Montana and lignite mining operations in Montana, North Dakota and
Texas.  Its power operations include ownership of the two-unit
ROVA coal-fired power plant in North Carolina.

Westmoreland reported a net loss applicable to common shareholders
of $203.31 million on $1.41 billion of revenues for the year ended
Dec. 31, 2015, compared to a net loss applicable to common
shareholders of $173.11 million on $1.11 billion of revenues for
the year ended Dec. 31, 2014.

As of March 31, 2016, Westmoreland had $1.77 billion in total
assets, $2.32 billion in total liabilities and a total deficit of
$550.08 million.

                            *     *     *

As reported by the TCR on Nov. 20, 2014, Standard & Poor's Rating
Services raised its corporate credit rating on Westmoreland Coal
Co. one-notch to 'B' from 'B-'.  "The stable outlook is supported
by Westmoreland's committed sales position over the next year,
which should result in stable cash flows," said Standard & Poor's
credit analyst Chiza Vitta.

Moody's upgraded the corporate family rating (CFR) of Westmoreland
Coal Company to 'B3' from 'Caa1', and assigned 'Caa1' rating to
the company's proposed new $300 million First Lien Term Loan, the
TCR reported on Nov. 20, 2014.  The upgrade of the CFR reflects the
company's successful integration of the Canadian mines acquired in
April 2014, and Moody's expectation that the company's Debt/ EBITDA
will track at around 5x in 2015 and 2016 and that the company will
be break-even to modestly free cash flow positive over the same
time period.


[*] Bankruptcy Filings Up in First Six Months of 2016
-----------------------------------------------------
CreditsafeUSA Inc., the world's most used supplier of company
business intelligence, on July 5 released troubling economic
figures about the first six months of 2016.  For the period of
January to June 2016, the total number of bankruptcy filings across
all businesses was .18% as compared to .17% for the twelve months
of 2015.  The states with the highest number of bankruptcies were:
Missouri, Oregon, Tennessee, Texas and Idaho.

"The US is entering a period of great economic uncertainty with the
upcoming election, the Brexit decision and collapse of many of its
traditional industries such as oil and gas," said
Matthew Debbage, CEO, Creditsafe USA and Asia.  "This is not the
time to enter blindly into a business relationship with the
potential for tremendous risk but rather the time to fully
understand all the risks and closely manage those relationships, as
well as those with the potential to cause extreme financial
detriment."

As reported by Creditsafe earlier this year, companies in the
non-renewable energy markets of oil, gas and coal accounted for 25%
of the top twenty worse performing industries to date in 2016.
Specifically, for the period of January 2016 through June 2016, the
industries with the highest number of bankruptcies by SIC were:

   -- Cyclic Crudes Intermediates (2865)
   -- Thread Mills (2284)
   -- Inorganic Pigments (2816)
   -- Bituminous Coal and Lignite-Surface Mining (1221
   -- Paper Mills (2621)

By state, the worse performing industries were:

   -- Missouri: Petroleum Products, NEC (5172)

   -- Oregon: Eating Places (5812)
   -- Tennessee: General Automotive Repair Shops (7538)
   -- Texas: Eating Places (5812)
   -- Idaho: Single-Family Housing Construction (5812)

"In addition to our sector and state analysis, we also looked at
the size of companies filing for bankruptcy," continued Mr.
Debbage.  "We discovered the percentage of large companies with 200
or more employees that went bankrupt was three times higher than
small companies with less than 20 employees and two times higher
than medium size companies with 21-200 employees.  And, to no one's
surprise, the longer a company is established the less likely it is
to fail.  Overall, bankruptcies were 30% higher for companies
established less than two years as compared to companies in
business over ten years."

                    About The Creditsafe Group

The Creditsafe Group -- -- http://www.creditsafe.com/-- claims to
be the world's most used supplier of company business intelligence,
with ten Creditsafe Group reports downloaded every second.  

Founded in Norway in 1997, Creditsafe has offices in countries all
over the world including: the UK, Germany, France, Sweden, Ireland,
Italy, Belgium, the Netherlands and the United States.  Globally,
Creditsafe employs over 1,200 people and has more than 90,000
subscription customers.  Three years ago, the Creditsafe Group
opened offices in the U.S.  under the name Creditsafe USA, Inc. Its
U.S. operations are headquartered in Allentown, Pa. with another
facility in Phoenix, AZ.


                            *********

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 ***