TCR_Public/160924.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, September 24, 2016, Vol. 20, No. 267


BIND THERAPEUTICS: Incurs $17.06 Million Net Loss in July
PACIFIC SUNWEAR: Posts $17.60 Million Net Loss at July 30


BIND THERAPEUTICS: Incurs $17.06 Million Net Loss in July
BIND Therapeutics, Inc., filed with the U.S. Securities and
Exchange Commission its monthly operating report for July 2016.

The Debtor's statement of operations showed a net loss of $17.06
million on $11.58 million of total revenue for the month.

As of July 31, 2016, the Debtor listed total assets of $31.25
million, total liabilities of $21.05 million, and $10.20 million in
total shareholders' equity.

At the start of the month, the Debtor had $6.51 million cash. It
reported total disbursements of $2.17 million and zero receipts.
Disbursements include $446,108 in professional fees. At month end,
the Debtor had $4.34 million cash.

A copy of the monthly operating report is available at the SEC at:


                   About BIND Therapeutics

BIND Therapeutics is a biotechnology company developing novel
targeted therapeutics, primarily for the treatment of cancer.
BIND Therapeutics, Inc., aka BIND Biosciences, Inc., and BIND
Biosciences Security Corporation filed for Chapter 11 bankruptcy
protection (Bankr. D. Del. Case Nos. 16-11084 and 16-11085) on May
1, 2016.

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

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

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

PACIFIC SUNWEAR: Posts $17.60 Million Net Loss at July 30
Pacific Sunwear of California, Inc., et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for the period July 3 to 30, 2016.

The Debtors' consolidated statement of operations showed a net
loss of $17.60 million on $57.11 million net sales for the
reporting period.

As of July 30, 2016, the Debtors listed consolidated total assets
of $281.31 million, consolidated total liabilities of $336.59
million, and -$55.28 million in consolidated total shareholders'

At July 3, the Debtors had a $2 million beginning balance.  It
listed $60.51 million in total receipts and $120.58 million in
total disbursements.  Taking into account $29.32 million in
borrowings and $29.49 million in intercompany receipts/adjustments,
the Debtors had an ending balance of $739,000 at July 30.

A copy of the monthly operating report is available at the SEC at:


                    About Pacific Sunwear

Founded in 1982 in Newport Beach, California as a surf shop,
Pacific Sunwear of California, Inc. operates in the teen and young
adult retail sector, selling men's and womens apparel, accessories,
and footwear. The Company went public in 1993  (NASDAQ: PSUN), and
peaked with 965 stores in 2006. At present, the Company has
approximately 593 retail locations nationwide under the names
"Pacific Sunwear" and "PacSun," which stores are principally in
mall locations. The Company has 2,000 full-time workers. Through
its ecommerce business, the Company operates an e-commerce site at      

Pacific Sunwear of California, Inc., and two affiliated debtors
each filed a voluntary petition for relief under Chapter 11 of the
U.S. Bankruptcy Code (Bankr. D. Del. Lead Case No. 16-10882) on
April 7, 2016.  The cases are pending before the Honorable Laurie
Selber Silverstein.

The Debtors sought Chapter 11 protection with a Chapter 11 plan
that would convert debt into equity.

The Debtors tapped Young Conaway Stargatt & Taylor, LLP, and Klee,
Tuchin, Bogdanoff & Stern LLP as attorneys; FTI Consulting, Inc.,
as financial advisor; Guggenheim Securities, LLC, as
investmentbanker; and Prime Clerk LLC as claims and noticing

Andrew Vara, acting U.S. trustee for Region 3, on April 19, 2016,
appointed seven creditors of Pacific Sunwear of California to serve
on the official committee of unsecured creditors.  The official
committee of unsecured creditors retained Cooley LLP and Bayard,
P.A. as counsel; and Province Inc. as its financial advisor.


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Troubled Company Reporter is a daily newsletter co-published
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