TCR_Public/180228.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, February 28, 2018, Vol. 22, No. 58

                            Headlines

11380 SMITH: Hires CBRE Inc as Real Estate Broker
550 SEABREEZE: Case Summary & 20 Largest Unsecured Creditors
ADVANCED ACCESS: Taps Edwards & Johnson as Legal Counsel
AMERICAN STEEL: Case Summary & 20 Largest Unsecured Creditors
APOLLO ENDOSURGERY: Director Creecy Will Not Stand for Re-Election

APOLLO MEDICAL: Files Financial Statements of Acquired Business
APPLEWOOD CAFE: Wants to Move Plan Filing Deadline to April 30
AQUA MARINE: Taps Heard Ary as Legal Counsel
ARCHITECTURAL MATERIALS: Unsecureds to Get $30,000 Over 5 Years
ARCHROCK PARTNERS: S&P Affirms 'B' CCR, Outlook Remains Stable

ARROWHEAD RV: Hires Naumann Group Real Estate Inc as Realtor
AUTO STRAP: May Use $322,691 in Cash for Insurance Renewal
AVENUE SHOPPES: Court Inked 2nd Interim Cash Collateral Order
AYTU BIOSCIENCE: Amends 7.9 Million Shares Prospectus
BAL HARBOUR: Receiver Hires KapilaMukamal LLP as Accountant

BAL HARBOUR: Receiver Taps Stearns Weaver Miller as Attorney
BALL CORP: S&P Alters Outlook to Stable & Affirms 'BB+' CCR
BAY CIRCLE: NCRT LLC Hires Ackerman as Real Estate Broker
BAY CIRCLE: Nilhan Hires Ackerman as Real Estate Broker
BIOSTAGE INC: Jinhui Liu Hikes Stake to 12.9% as of Feb. 20

BLACK ELK: Delaware Trust's Claim Deemed Allowed, Court Rules
BO EX VENTURES: Plan to Pay Unsecured Creditors in Full
BOSS LITHO: Taps Kogan Law Firm as Legal Counsel
BREVARD EYE: Wants to Continue Using Cash Collateral Until April 21
BRUGNARA PROPERTIES: Court Denies Approval of Chapter 11 Plan

CARDTRONICS PLC: S&P Lowers CCR to 'BB' on EBITDA Decline
CARTEL MANAGEMENT: Asks Court to Approve Disclosure Statement
CASELLA WASTE: S&P Raises Corp. Credit Rating to 'B+', Outlook Pos.
CATHOLIC SCHOOL: Taps Luis R. Carrasquillo as Financial Consultant
CHARLOTTE RUSSE: S&P Hikes CCR to 'CCC' Following Debt Exchange

CONDO 64: May Continue Using Cash Collateral Through March 26
CORNERSTONE HOSPITALITY: Taps Williams & Williams as Broker
COTIVITI CORP: Moody's Hikes Corporate Family Rating to Ba3
COTTON REI: Taps Eric A. Liepins as Legal Counsel
COUDERT BROTHERS: Dist. Court Grants Bid to Dismiss Statek Suit

CRAPP FARMS: Taps Steffes Group as Auctioneer
CYTORI THERAPEUTICS: Cancels Office Lease Agreement with 6262 Lusk
DISH NETWORK: S&P Cuts CCR to B on Subscriber Losses, Outlook Neg.
ENERGY FUTURE: Court Approves Plan, $9.45-Billion Sale to Sempra
ET SOLAR: May Use Up to $87,734 Cash for February 2018 Expenses

EXCO RESOURCES: Hires Alvarez & Marsal as Restructuring Advisors
EXCO RESOURCES: Hires Epiq Bankruptcy Solutions as Claims Agent
EXCO RESOURCES: Hires Ernst & Young as Accounting Services Provider
EXCO RESOURCES: Hires Kirkland & Ellis as Bankruptcy Counsel
EXCO RESOURCES: Hires KPMG LLP as Auditor & Tax Consultant

EXCO RESOURCES: Hires Latham & Watkins LLP as Special Counsel
EXCO RESOURCES: Hires Morgan Lewis as Special Litigation Counsel
EXCO RESOURCES: Hires PJT Partners LP as Investment Banker
FALLBROOK TECHNOLOGIES: Case Summary & 30 Top Unsecured Creditors
FARGO TRUCKING: Committee Taps CohnReznick as Financial Advisor

FC GLOBAL: Falls Short of NASDAQ's $1 Bid Price Rule
FIRESTAR DIAMOND: Voluntary Chapter 11 Case Summary
FOX PROPERTY: Taps Levene Neale as Legal Counsel
GATES COMMUNITY: Case Summary & 9 Unsecured Creditors
GEM ACQUISITION: S&P Affirms 'B' ICR, Off CreditWatch Negative

GFL ENVIRONMENTAL: Moody's Affirms B2 CFR; Outlook Negative
GIGA-TRONICS INC: Names Lutz Henckels EVP and Interim CFO
GLOBAL HOTEL: Case Summary & 20 Largest Unsecured Creditors
GRACE SOLUTIONS: Case Summary & 2 Largest Unsecured Creditors
GREENTECH AUTOMOTIVE: Case Summary & 20 Top Unsecured Creditors

GTHCC INC: Hires Langley & Banack Inc as Attorney
GTT COMMUNICATIONS: Moody's Puts B2 CFR Under Review for Downgrade
GTT COMMUNICATIONS: S&P Puts 'B' CCR on CreditWatch Negative
HERMAN M. & AMANDA: Taps Turner & Johns as Legal Counsel
HIGH LINER: S&P Alters Outlook to Negative & Affirms 'B+' CCR

ICONIX BRAND: Closes $125 Million Convertible Notes Exchange
IHEARTCOMMUNICATIONS: Bondholders Ask NY Court for Injunction
IHEARTCOMMUNICATIONS: Creditors Receive Offer from Liberty Media
IHEARTCOMMUNICATIONS: Liberty Offer May Fail, Source Tells NY Post
INDUSTRIAL FABRICATION: Case Summary & 20 Top Unsecured Creditors

JBC STAPLES: Seeks Authority to Use Wells Fargo Cash Collateral
JET MIDWEST: Case Summary & 14 Unsecured Creditors
JOHNNY CHIMPO: Obtains Conditional Approval of Disclosure Statement
KAANAPALI TOURS: Hawaii Court Dismisses Involuntary Ch. 11 Petition
KADMON HOLDINGS: Updated Results from Phase 2 Study of KD025

KE SOLUTIONS: Voluntary Chapter 11 Case Summary
LAPS ENTERPRISES: Court Approves Disclosure Statement
LAYNE CHRISTENSEN: Inks Merger Agreement with Granite Construction
LEARNING CARE: Moody's Lowers CFR to B3; Outlook Stable
LEARNING CARE: S&P Lowers CCR to 'B-' on New Debt-Funded Dividend

LIBERTY TIRE: Moody's Withdraws Caa2 Corporate Family Rating
LTD MANAGEMENT: L. D'Aoust to Serve as Pres. of Reorganized Debtor
MANN REALTY: Double M Objects to Disclosure Statement
MEDICAL SOLUTIONS: S&P Affirms 'B' CCR on PPR Holding Acquisition
MESOBLAST LIMITED: Primary Endpoint Achieved in Cell Therapy Trial

MICROVISION INC: Amends Prospectus on $15 Million Stock Sale
MISSISSIPPI POWER: Moody's Affirms CFR Ba1 & Alters Outlook to Pos.
MORNINGSIDE LLC: Taps Pearson Affiliated Inc as Real Estate Agent
MOUNTAIN BLUE: Court Denied Cash Use as Moot Due to Dismissal
NAVIDEA BIOPHARMACEUTICALS: Settles Dispute with Sinotau

NEW ENTERPRISE: Moody's Rates Proposed $450MM Sr. Secured Notes B2
NORTH AMERICA STEEL: Case Summary & 20 Largest Unsecured Creditors
NORTHERN OIL: Narrows Net Loss to $9.2 Million in 2017
NUTRITION CARE: Hires MRO Attorneys at Law LLC as Attorney
NUVISTA ENERGY: S&P Assigns 'B' CCR & Rates New Unsec. Notes 'B+'

OHLONE TRIBE: Hires Odeha Warren Law as General Counsel
PEREZ BROTHERS: Hires Michael Jay Berger Law as Bankruptcy Counsel
PIN OAK: Trustee Seeks Additional 120 Days to File Chapter 11 Plan
POTOMAC XPRESS: Hires Gorski & Knowlton PC as Counsel
QUAD/GRAPHICS INC: S&P Affirms 'BB-' CCR, Outlook Stable

QUOTIENT LIMITED: QBDG Holds 6.9% of Ordinary Shares as of Dec. 31
RAGGED MOUNTAIN: Trustee Hires Notinger Law PLLC as Counsel
RAMKABIR INVESTMENTS: Taps Thames Markey as Legal Counsel
RAND LOGISTICS: Plan Confirmation Hearing Continued to Feb. 28
RAPID AMERICAN: Bid for Protective Order to Quash Subpoenas Nixed

RAYONIER ADVANCED: S&P Affirms 'BB-' CCR, Outlook Still Positive
RE/MAX LLC: S&P Affirms BB Corp. Credit Rating on Earnings Release
REAM PROPERTIES: Order Holding R. Pauletta in Civil Contempt Upheld
REIGN SAPPHIRE: Reports Issuance of Shares, Notes and Warrants
REMINGTON OUTDOOR: Creditors Said to Be Looking for Buyers

ROCKY MOUNTAIN: Board Ratifies Appointment of Blackington as CMO
ROCKY MOUNTAIN: Inks New Employment Agreements With Top Executives
ROSETTA GENOMICS: Genoptix Merger Bid Fails to Get Majority Votes
SANTOS CONSTRUCTION: Seeks Authority to Use Cash Collateral
SCHANTZ HOLDINGS: Needs Time to File Plan, UST Wants Conversion

SEQUOIA AHWATUKEE: Case Summary & 13 Unsecured Creditors
SPECTRUM BRANDS: S&P Affirms 'BB-' CCR on HRG Merger Agreement
SPECTRUM HEALTHCARE: Court Inked 18th Cash Collateral Order
SUNCOAST INTERNAL: Taps Macfarlane Ferguson as Special Counsel
SUNCOAST INTERNAL: Taps Maggie Mac-MPC as Consultant

TOPS HOLDINGS: Wins Interim Approval of $265-Mil. DIP Loans
TOYS R US: Geoffrey Affiliates Tap Chilmark as Financial Advisor
TOYS R US: Geoffrey Affiliates Tap Cleary Gottlieb as Counsel
TOYS R US: Geoffrey Affiliates Tap Kaufman as Local Counsel
TROPICAL SMOOTHIE: Hires Bruner Wright, PA, as Counsel

VALLEY VIEW DOWNS: Supreme Court Upholds FTI Clawback vs Merit
VANMETER CONTRACTING: Hires Mark H. Flener as Counsel
VICTORY SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors
WADDELL & REED: Moody's Cuts Issuer Rating to Ba1 & Assigns Ba1 CFR
WARRIOR MET: Moody's Affirms B3 CFR; Outlook Stable

WARRIOR MET: S&P Cuts Secured Notes Rating to 'B' on $125MM Add-On
WEATHERFORD INTERNATIONAL: Prices Offering of $600M Senior Notes
WESTERN REFRIGERATED: Taps Allen Barnes as Legal Counsel
WHEELCHAIR SALES: Case Summary & 9 Unsecured Creditors
WINDSOR MARKETING: Hires Tactical Solutions as Crisis Manager

WWLC INVESTMENT: Given Until April 13 to Confirm Chapter 11 Plan
YOSKAR LIQUORS: Taps Zazella & Singer as Legal Counsel

                            *********

11380 SMITH: Hires CBRE Inc as Real Estate Broker
-------------------------------------------------
11380 Smith Rd LLC seeks authority from the U.S. Bankruptcy Court
for the District of Colorado to hire CBRE, Inc. as its brokerage
firm to sell the Debtor's real property located at 11380 East Smith
Road, Aurora, CO 80010.

The firm shall be paid a sales commission of 6 percent of the gross
purchase price.

Bill Thompson, Real Estate Broker with the brokerage firm of CBRE,
Inc., attests neither he nor the firm hold any interest adverse to
the Debtor's estate with respect to the matter upon which he or the
firm are being employed as defined under 11 U.S.C. Sec. 327(e) and
he and the Firm are "disinterested person" as such term is defined
under the Bankruptcy Code.

The broker can be reached through:

         Bill Thompson, Broker
         CBRE, Inc.
         8390 E. Crescent Pkwy., Ste. 300
         Greenwood Village, CO 80111
         Tel: 720-528-6300
         Fax: 720-528-6333

                     About 11380 Smith Rd

11380 Smith Rd LLC listed itself as a Single Asset Real Estate (as
defined in 11 U.S.C. Section 101(51B)).  The Company owns in fee
simple a real property located at 11380 Smith Road Aurora,
Colorado, with an estimated value of $6.50 million.  The Company
posted gross revenue of $229,240 in 2017 and gross revenue of
$641,084 in 2016.

11380 Smith Rd LLC filed a Chapter 11 petition (Bankr. D. Col. Case
No. 18-10965) on Feb. 13, 2018.  In the petition signed by Louis
Hard, manager/member, the Debtor disclosed $9.13 million in total
assets and $4.76 million in total liabilities.  The Hon. Thomas B.
McNamara presides over the case.  Jeffrey Weinman, Esq. at Weiman &
Associates, P.C. represents the Debtor as counsel.


550 SEABREEZE: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------
Debtor: 550 Seabreeze Development LLC
           dba Las Olas Ocean Resort
        550 Seabreeze Blvd.
        Fort Lauderdale, FL 33316

Type of Business: 550 Seabreeze Development LLC is a general
                  contractor located in Fort Lauderdale, Florida.
                  It is a Single Asset Real Estate (as defined in
                  11 U.S.C. Section 101(51B)).  The Company filed
                  as a Florida Limited Liability in the State of
                  Florida in September 2003.

Chapter 11 Petition Date: February 26, 2018

Case No.: 18-12193

Court: United States Bankruptcy Court
       Southern District of Florida (Fort Lauderdale)

Judge: Hon. Raymond B Ray

Debtor's Counsel: Paul J. Battista, Esq.
                  GENOVESE JOBLOVE & BATTISTA, P.A.
                  100 SE 2 St #4400
                  Miami, FL 33131
                  Tel: (305) 349-2300
                  Fax: (305) 349-2310
                  E-mail: pbattista@gjb-law.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Kenneth Bernstein, authorized
representative.

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

         http://bankrupt.com/misc/flsb18-12193.pdf

List of Debtor's 20 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
DeRose Design                           Vendor           $132,347
Consultants, Inc.

Aqua-Aston Hospitality                  Vendor           $129,892

JAG Construction                        Vendor            $75,640

Encoders Inc.                           Vendor            $52,677

N1 Critical Technologies, Inc.          Vendor            $48,500

FP&L                                   Utility            $38,498

Buchanan Ingersoll PC                    Legal            $35,797

D&A Studio Inc.                         Vendor            $34,561

Preferred Hotel                         Vendor            $24,485
Group, Inc.

Trident Ground                          Vendor            $22,198
Protection LLC

Hall of Fame Associates                 Vendor            $20,000

Saul Ewing Arnstein                     Legal              $7,346
& Lehr LLP

Chicago Title                           Vendor             $2,250
Insurance Company

BE-TECH                                 Vendor             $2,075

GFA International, Inc.                 Vendor             $1,855

Tetra Tech, Inc.                        Vendor             $1,040

International Warehouse                 Vendor               $875
Services, Inc.

Baker & Hostetler LLP                   Legal                $805

Constructors Bonding, Inc.             Vendor                $733

Coastal Systems                        Vendor                $668
International, Inc.


ADVANCED ACCESS: Taps Edwards & Johnson as Legal Counsel
--------------------------------------------------------
Advanced Access Security Technology, Inc., seeks approval from the
U.S. Bankruptcy Court for the Northern District of Georgia to hire
the Law Offices of Edwards & Johnson, LLC, as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

B. Glen Johnson, Esq., the E&J attorney who will be handling the
case, charges an hourly fee of $350.  Law clerks charge $200 per
hour.

The firm received a retainer in the sum of $10,000, including the
filing fee of $1,717.

E&J does not represent any interest adverse to the Debtor's estate,
according to court filings.

The firm can be reached through:

     B. Glen Johnson, Esq.
     Law Offices of Edwards & Johnson, LLC
     270 E. Main Street, Suite C
     Canton, GA 30114
     Phone: 770-345-8200
     Fax: 770-345-8260
     Email: Glen@edwardsjohnsonlaw.com

             About Advanced Access Security Technology

Advanced Access sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 18-52652) on Feb. 15,
2018.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $500,000.


AMERICAN STEEL: Case Summary & 20 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: American Steel Processing Company
        PO Box 9220
        Panama City, FL 32417

Business Description: American Steel Processing Company is a steel
                      fabricator in Panama City, Florida, founded
                      in July 1998.

Chapter 11 Petition Date: February 26, 2018

Case No.: 18-50060

Court: United States Bankruptcy Court
       Northern District of Florida (Panama City)

Judge: Hon. Karen K. Specie

Debtor's Counsel: Charles M. Wynn, Esq.
                  CHARLES WYNN LAW OFFICES, P.A.
                  P.O. Box 146
                  Marianna, FL 32447
                  Tel: 850-526-3520
                  Fax: 850-526-5210
                  E-mail: candy@wynnlaw-fl.com
                          court@wynnlaw-fl.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Thomas J. Fanell, president/CEO.

A full-text copy of the petition, along with a list of the Debtor's
20 largest unsecured creditors, is available for free at
http://bankrupt.com/misc/flnb18-50060.pdf


APOLLO ENDOSURGERY: Director Creecy Will Not Stand for Re-Election
------------------------------------------------------------------
John Creecy, a member of the Board of Directors of Apollo
Endosurgery, Inc., informed the Company of his decision not to
stand for re-election at the Company's 2018 Annual Meeting of
Stockholders.  The Company said that Mr. Creecy's decision not to
stand for re-election is not due to any disagreement with the
Company.  The Company intends to nominate Julie Shimer to stand for
election as a Class I director at the Annual Meeting to fill the
vacancy created by Mr. Creecy.

On Feb. 20, 2018, Charles Tribie, 65, executive vice president of
operations, provided notice of his resignation of employment
effective March 15, 2018.

                    About Apollo Endosurgery

Headquartered in Austin, Texas, Apollo Endosurgery, Inc. --
http://www.apolloendo.com/-- is a medical device company focused
on less invasive therapies for the treatment of obesity, a
condition facing over 600 million people globally, as well as other
gastrointestinal disorders.  Apollo's device based therapies are an
alternative to invasive surgical procedures, thus lowering
complication rates and reducing total healthcare costs.  Apollo's
products are offered in over 80 countries today.  Apollo's common
stock is traded on NASDAQ Global Market under the symbol "APEN".

Apollo Endosurgery reported a net loss attributable to common
stockholders of $41.16 million for the year ended Dec. 31, 2016,
compared to a net loss attributable to common stockholders of
$36.38 million for the year ended Dec. 31, 2015.  As of Sept. 30,
2017, Apollo Endosurgery had $114 million in total assets, $57.16
million in total liabilities and $56.83 million in total
stockholders' equity.

The Company stated in its quarterly report for the period ended
Sept. 30, 2017, that it has experienced operating losses since
inception and occasional debt covenant violations and has an
accumulated deficit of $169,706,000 as of Sept. 30, 2017.  To date,
the Company has funded its operating losses and acquisitions
through equity offerings and the issuance of debt instruments.  The
Company's ability to fund future operations will depend upon its
level of future operating cash flow and its ability to access
additional funding through either equity offerings, issuances of
debt instruments or both.


APOLLO MEDICAL: Files Financial Statements of Acquired Business
---------------------------------------------------------------
Apollo Medical Holdings, Inc., filed a Current Report on Form 8-K
with the Securities and Exchange Commission on Dec. 13, 2017, to
report the completion of the merger of its wholly-owned subsidiary,
Apollo Acquisition Corp., with and into Network Medical Management,
Inc. as the surviving entity, in accordance with the terms and
conditions of the Agreement and Plan of Merger, dated as of Dec.
21, 2016, by and among the Company, Merger Sub, NMM and Kenneth
Sim, M.D., as the NMM shareholders' representative.  The Merger
closed and became effective on Dec. 8, 2017.  As a result of the
Merger, NMM now is a wholly-owned subsidiary of the Company and
former NMM shareholders own a majority of the issued and
outstanding common stock of the Company.  

For accounting purposes, the Merger is treated as a "reverse
acquisition" and NMM is considered the accounting acquirer.
Accordingly, as of the Closing, NMM's historical results of
operations will replace the Company's historical results of
operations for all periods prior to the Merger, and the results of
operations of both companies will be included in the Company's
financial statements for all periods following the Merger.
Effective upon the Closing, the Company's board of directors
approved a change in the Company's fiscal year-end from March 31 to
December 31, to correspond with NMM's fiscal year-end prior to the
Merger.

On Feb. 23, 2018, the Company filed an Amendment No. 1 to amend
Item 9.01 of the Initial 8-K (i) to include the required financial
statements of NMM and pro forma information in connection with the
Merger within 71 days from the date on which the Initial 8-K was
required to be filed and (ii) to prevent a lapse in reporting by
providing the required information for NMM, the accounting
acquirer, as set forth in the SEC's Division of Corporate Finance
Financial Reporting Manual, which covers situations involving
reverse acquisitions where the registrant elects to adopt the
fiscal year of the accounting acquirer.

The first three bullet points of the second paragraph under Item
2.01 of the Initial 8-K were amended as follows:

In connection with the Merger and as of the effective time of the
Merger:

   * each issued and outstanding share of NMM common stock was
     converted into the right to receive such number of shares of
     common stock of the Company that results in the former NMM
     shareholders who did not dissent from the Merger having a
     right to receive an aggregate of 30,397,489 shares of common
     stock of the Company, subject to the 10% holdback pursuant to
     the Merger Agreement and (A) without taking into account (i)
     520,041 shares of common stock issuable upon the conversion
     of the Alliance Note, and (ii) shares of common stock
     issuable upon the exercise of the Warrant Consideration, and
     (B) without giving effect to any shares of common stock of
     the Company issuable upon payment of any indemnification
     obligations under the Merger Agreement;

   * the Company issued to Former NMM Shareholders each Former NMM

     Shareholder's pro rata portion of (i) warrants to purchase an
     aggregate of 850,000 shares of common stock of the Company,
     exercisable at $11.00 per share, and (ii) warrants to
     purchase an aggregate of 900,000 shares of common stock of
     the Company, exercisable at $10.00 per share;

   * the Company held back an aggregate of 3,039,749 shares of
     Company common stock issuable to Former NMM Shareholders,
     representing 10% of the total number of shares of Company
     common stock issuable to Former NMM Shareholders, to secure
     indemnification rights of the Company and its affiliates
     under the Merger Agreement;

The last paragraph under Item 2.01 of the Initial 8-K, titled
"Conversion of Alliance Note," was amended as follows:

     As previously reported in a Current Report on Form 8-K filed
     by the Company on April 5, 2017 and October 20, 2017, the
     Company issued a Convertible Promissory Note to Alliance
     Apex, LLC in the principal amount of $4,990,000 on March 30,
     2017.  On December 11, 2017, the business day following the
     closing of the Merger, the Alliance Note automatically
     converted into 520,041 shares of the Company's common stock.
     The securities were sold by the Company to Alliance in
     reliance upon the exemption from registration contained in
     Section 4(a)(2) of the Securities Act of 1933, as amended,
     and/or Rule 506(b) of Regulation D promulgated by the SEC
     thereunder.

The fifth to last paragraph under Item 2.01 of the Initial 8-K is
hereby amended as follows:

     Immediately following the Effective Time, the stockholders of

     the Company prior to the Merger continued to hold an
     aggregate of 6,109,205 shares of common stock of the Company.

The last paragraph under Item 5.03 of the Initial 8-K, titled
"Change in Fiscal Year," was amended as follows:

      As of the effective time of the Merger, the Company's board
      of directors approved a change in the Company's fiscal year-
      end from March 31 to December 31, to correspond with the
      fiscal year-end of NMM prior to the Merger.  As a result of
      this change, the Company's first fiscal year-end following
      the Merger was December 31, 2017.  The Company plans to
      report the financial results reflecting the combined
      operations of the Company and NMM for the fiscal year ended
      December 31, 2017 on a Form 10-K on or prior to April 2,
      2018.

Full-text copies of the financial statements of the business
acquired are available for free at:

                      https://is.gd/br56oV
                      https://is.gd/LKeg7K

A full-text copy of the unaudited pro forma condensed combined
financial statements is available for free at https://is.gd/syLxWs

                      About Apollo Medical

Headquartered in Glendale, California, Apollo Medical Holdings,
Inc., and its affiliated physician groups are patient-centered,
physician-centric integrated population health management company
working to provide coordinated, outcomes-based medical care in a
cost-effective manner.  ApolloMed has built a company and culture
that is focused on physicians providing high-quality medical care,
population health management and care coordination for patients,
particularly senior patients and patients with multiple chronic
conditions.

At Sept. 30, 2017, the Company had total assets of $41.17 million,
total liabilities of $48.46 million, and a $7.29 million in total
stockholders' deficit.

Apollo Medical reported a net loss of $8.68 million for the year
ended March 31, 2017, compared to a net loss of $8.17 million for
the year ended March 31, 2016.

BDO USA, LLP, in Los Angeles, California, issued a "going concern"
qualification in its report on the consolidated financial
statements for the year ended March 31, 2017, stating that the
Company has suffered recurring losses from operations and has
generated negative cash flows from operations since inception,
resulting in an accumulated deficit of $37.7 million as of March
31, 2017.  These factors among others raise substantial doubt about
its ability to continue as a going concern.


APPLEWOOD CAFE: Wants to Move Plan Filing Deadline to April 30
--------------------------------------------------------------
Applewood Cafe, LLC, d/b/a Apple Wood Cafe & Catering, requests the
U.S. Bankruptcy Court for the Western District of New York to
extending the time within which the Debtor must file its Small
Business Plan and Disclosure Statement through April 30, 2018.

Since the commencement of the case, the Debtor has made a number of
steps along the path toward reorganization.  Initially, as of the
Filing, the Debtor obtained authorization to use cash collateral
subject to liens of its principal secured creditor, the New York
State Department of Taxation and Finance.  The Debtor is currently
making adequate protection payments to NYS Tax in amounts
sufficient to amortize the total of the Debtor's prepetition
secured and priority State tax liabilities within 60 months of the
Filing of this case.

Additionally, with the consent of NYS Tax, the Debtor's use of cash
collateral has been extended by the Court until such time as: (1)
the Debtor confirms a Chapter 11 Plan of Reorganization; (2) a
Chapter 11 Trustee is appointed; (3) this case is converted or
dismissed; or (4) the Court orders otherwise.

The Court has established Sept. 15, 2017 as the date by which all
prepetition claims must be filed. The Debtor has generally been
operating at a profit.  The Debtor has sought and obtained
authority to assume its pre-petition leases for its restaurant
location and certain equipment located at 5385 Main Street,
Williamsville, New York 14221.

The Debtor's counsel has prepared an initial draft of the Debtor's
Small Business Plan and Disclosure Statement and still needs to
confer further with the Debtor's principals regarding the terms of
the Plan and regarding their preparation of projections and a
liquidation analysis which will be needed to accompany the Plan.
Recognizing the deadline -- the statutory deadline is March 15,
2018 -- for the filing of a Small Business Plan and Disclosure
Statement is rapidly approaching, however, an extension of this
deadline is being sought at this time.

The Debtor intends to file that Small Business Plan and Disclosure
Statement as soon as practicable. Under the circumstances of this
case, however, the Debtor seeks to extend the upcoming deadline for
a relatively brief additional period to ensure that this objective
is accomplished before the Debtor's time to do so has expired.

                     About Applewood Cafe

Applewood Cafe, LLC, doing business as Apple Wood Cafe & Catering,
is a New York corporation which operates a restaurant and a
catering service located in Williamsville, New York.

Applewood Cafe filed a Chapter 11 petition (Bankr. W.D.N.Y. Case
No. 17-11049) on May 19, 2017.  In the petition signed by Rebecca
L. Morgan, Member, the Debtor estimated $50,000 to $100,000 in
assets and $100,000 to $500,000 in liabilities.  Daniel F. Brown,
Esq., at Andreozzi Bluestein LLP, serves as counsel to the Debtor.


AQUA MARINE: Taps Heard Ary as Legal Counsel
--------------------------------------------
Aqua Marine Enterprises, Inc., seeks approval from the U.S.
Bankruptcy Court for the Northern District of Alabama to hire
Heard, Ary & Dauro, LLC, as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; assist in the preparation of a plan of
reorganization; and provide other legal services related to its
Chapter 11 case.

Kevin Heard, Esq., and Angela Ary, Esq., the attorneys who will be
handling the case, will charge $295 per hour and $225 per hour,
respectively.

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

The firm can be reached through:

         Kevin D. Heard, Esq.
         Angela S. Ary, Esq.
         Heard, Ary & Dauro, LLC
         303 Williams Avenue, Suite 921
         Huntsville, AL 35801
         Tel: 256-535-0817
         Fax: (256) 535-0818
         E-mail: kheard@heardlaw.com
                 aary@heardlaw.com

                About Aqua Marine Enterprises

Aqua Marine Enterprises, Inc., manufacturer of Safe-T-Shelter safe
rooms, has been manufacturing and installing safety shelters since
1995.  The company is headquartered in Hartselle, Alabama.

Aqua Marine Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ala. Case No. 18-80464) on Feb. 16,
2018.  In the petition signed by R.B. Mitchell, vice-president, the
Debtor disclosed $1.51 million in assets and $401,565 in
liabilities.  Judge Clifton R. Jessup Jr. presides over the case.
Heard, Ary & Dauro, LLC, is the Debtor's counsel.


ARCHITECTURAL MATERIALS: Unsecureds to Get $30,000 Over 5 Years
---------------------------------------------------------------
Architectural Materials Co. filed with the U.S. Bankruptcy Court
for the Western District of Missouri a Combined Plan and Disclosure
Statement proposing that the unsecured creditor class will receive
a pro rata share of a fixed quarterly payment in the amount of
$1,500 for a period of five years (or a pro rata share total of
$30,000) beginning after the effective date of the Plan with the
first distribution to be on the 15th day of the months of January,
April, July, and October beginning April 15, 2018.

Payments and distributions under the Plan will be funded by the
Debtor from its projected and allocated cash flow from Debtor's
continued operation of its business.  The Plan provides for
payments to members of the class of secured claims on a monthly
basis and payments to the class of unsecured claims on a quarterly
basis.

A full-text copy of the Combined Plan and Disclosure Statement is
available at:

            http://bankrupt.com/misc/mowb17-60887-76.pdf

                 About Architectural Materials

Based in Springfield, Missouri, Architectural Materials Co. was
originally formed in October 1975 with current stock ownership
divided with 30% held by Mitchell "Todd" Smith, 25% held by Tim
Smith, and 45% held by Kay Ann Smith (mother of Todd and Tim
Smith).  Todd Smith serves as President and Tim Smith serves as
Vice Present.  The Company was formed to engage in the fabrication,
sales, and insulation of a variety of commercial specialty products
including glass, windows, glazing, and folding partition walls.  In
the calendar year of 2016 the business operation was negatively
affected by several large commercial jobs that created a financial
strain on cash flow.  

Architectural Materials Co. filed its voluntary petition for relief
under Chapter 11 of the Bankruptcy Code (Bankr. W.D. Mo. Case No.
17-60887) on Aug. 14, 2017, estimating under $1 million in both
assets and liabilities.  David E. Schroeder, Esq., at David
Schroeder Law Office, P.C., serves as counsel to the Debtor.  An
official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


ARCHROCK PARTNERS: S&P Affirms 'B' CCR, Outlook Remains Stable
--------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Archrock Partners L.P. The outlook remains stable.

S&P said, "At the same time, we affirmed our 'B-' issue-level
rating on the partnership's senior unsecured notes. The '5'
recovery rating remains unchanged, indicating our expectation for
modest (10%-30%; rounded estimate: 25%) recovery in the event of a
payment default.

"The 'B' corporate credit rating on Archrock reflects our weak
assessment of the partnership's business risk profile and our
highly leveraged assessment of its financial risk profile. We now
expect the company to maintain adjusted debt-to-EBITDA of
approximately 5.5x in 2018.

"The stable outlook on Archrock reflects our expectation that the
partnership's utilization will improve slightly in 2018. In
particular, we expect that the partnership will sustain
debt-to-EBITDA of approximately 5.5x in 2018 while maintaining
adequate liquidity.

"We could consider lowering our ratings on Archrock if its
debt-to-EBITDA exceeded 6x for an extended period. This could occur
if the demand for compression services weakens due to lower natural
gas prices, leading to decreased production and an oversupply of
compression capacity.

"We could consider raising our ratings on Archrock if we expect the
partnership to maintain debt-to-EBITDA of less than 4.5x. This
could occur if the partnership adopts a more conservative financial
policy or natural gas prices improve, leading to increased
production and demand for compression services."


ARROWHEAD RV: Hires Naumann Group Real Estate Inc as Realtor
------------------------------------------------------------
Arrowhead RV Sales, Inc., seek approval from the U.S. Bankruptcy
Court for the Northern District of Florida, Tallahassee Division,
to hire Jason Naumann of Naumann Group Real Estate, Inc., as
realtor for the Debtor.

Naumann Group Real Estate, Inc. has agreed to represent the Debtor
in return for a 7 percent commission on the gross sale proceeds,
payable at the time of closing of the sale.

Jason Naumann of Naumann Group Real Estate, attests that he has no
connection to any creditor or other party in interest or their
respective accountants and attorneys, or with the office of the
United States Trustee.

The firm can be reached through:

     Jason Naumann
     Naumann Group Real Estate, Inc.
     2050 Capital Circle NE
     Tallahassee, FL 32308
     Tel: 850-325-1681
     Fax: 850-325-1686

                    About Arrowhead RV Sales

Based in Marianna, Florida, Arrowhead RV Sales Inc. provides
recreational vehicles and camping supplies products.  The Company
offers cabin rentals, boat ramp, tent sites, open fires, and
fishing pier services.

Arrowhead RV Sales filed a Chapter 11 petition (Bankr. N.D. Fla
Case No. 17-40518) on Nov. 17, 2017.  The Debtor estimated $500,001
to $1 million in total assets and $1,000,001 to $10 million in
total liabilities.  The Karen K. Specie presides over the case.
Allen Turnage at Allen Turnage, P.A., is the Debtor's counsel.


AUTO STRAP: May Use $322,691 in Cash for Insurance Renewal
----------------------------------------------------------
Judge Mark Houle of the U.S. Bankruptcy Court for the Central
District of California has entered an order authorizing Auto Strap
Transport, LLC to enter into a debtor-in-possession financing of
annual insurance premiums and approving cash collateral expenditure
outside the budget to pay $322,691 for insurance renewal.

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

         http://bankrupt.com/misc/cacb17-19936-158.pdf

                  About Auto Strap Transport

Auto Strap Transport L.L.C. -- http://autostraptransport.com/-- is
a privately owned auto transport carrier company with its corporate
office in Fontana, California, and additional terminals in
Milipitas, and Benecia, California, and La Vergne, Tennessee.

Auto Strap Transport filed a Chapter 11 petition (Bankr. C.D. Cal.
Case No. 17-19936) on Dec. 1, 2017.  In the petition signed by
Richard Rudder, managing member, the Debtor estimated $1 million to
$10 million in total assets and $10 million to $50 million in
liabilities.  The case is assigned to Judge Mark D. Houle.  The
Debtor is represented by Todd L Turoci, Esq., at the The Turoci
Firm.  


AVENUE SHOPPES: Court Inked 2nd Interim Cash Collateral Order
-------------------------------------------------------------
The Hon. Karen S. Jennemann of the U.S. Bankruptcy Court for the
Middle District of Florida has entered a second interim order
authorizing Avenue Shoppes, LLC, to use cash collateral to pay:

     (a) Amounts expressly authorized by the Court, including
payments to the U.S. Trustee for quarterly fees;

     (b) The current expenses not to exceed the amounts set forth
in the budget, plus an amount not to exceed 5% for each line item;
and

     (c) Such additional amounts as may be expressly approved in
writing by Arena Limited SPV, LLC.

Arena and each other creditor with a security interest in cash
collateral will have a perfected post-petition lien against cash
collateral to the same extent and with the same validity and
priority as the pre-petition lien, without the need to file or
execute any document as may otherwise be required under applicable
non-bankruptcy law. The replacement lien is in addition to any
post-petition liens that is provided under 11 U.S.C. Section 552.

The Debtor is required to timely perform all obligations of a
debtor-in-possession required by the Bankruptcy Code, Federal Rules
of Bankruptcy Procedure, and the orders of the Court, including
filing of monthly operating reports in the form required by the
Office of the U.S. Trustee. The Debtor is also required to maintain
insurance coverage for its property in accordance with the
obligations under the loan and security documents with Arena.  

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

           http://bankrupt.com/misc/flmb17-07663-50.pdf

                     About Avenue Shoppes

Avenue Shoppes, LLC, is a privately held company in Windermere,
Florida, engaged in the business of real estate leasing. The
company's principal assets are located at 8204 Crystal Clear Lane
Orlando, Florida.

Avenue Shoppes previously sought bankruptcy protection (Bankr. M.D.
Fla. Case No. 11-02836) on March 1, 2011.  The company is an
affiliate of International Shoppes, LLC, which also filed for
Chapter 11 bankruptcy protection (Bankr. M.D. Fla. Case No.
17-07549) on Dec. 4, 2017.

Avenue Shoppes again filed a Chapter 11 petition (Bankr. M.D. Fla.
Case No. 17-07663) on Dec. 8, 2017.  In the petition signed by CRO
Abdul Mathin, the Debtor estimated $1 million to $10 million in
assets and $10 million to $50 million in liabilities.  The Debtor
is represented by David R McFarlin, Esq., at Fisher Rushmer, P.A.


AYTU BIOSCIENCE: Amends 7.9 Million Shares Prospectus
-----------------------------------------------------
Aytu BioScience, Inc., has filed an amended Form S-1 registration
statement with the Securities and Exchange Commission relating to
the offering of 7,936,508 shares of its common stock.

Aytu Bioscience's common stock is listed on the NASDAQ Capital
Market under the symbol "AYTU."  On Feb. 20, 2018, the last
reported sale price of its common stock on the NASDAQ Capital
Market was $1.26.

The Company has granted a 45-day option to the representative of
the underwriters to purchase up to 1,190,476 additional shares of
common stock solely to cover over-allotments, if any.

The sole book-running manager of the offering is Joseph Gunnar &
Co.  Fordham Financial Management acts as the lead manager.

A full-text copy of the amended prospectus is available at:

                      https://is.gd/cQoWeZ

                      About Aytu BioScience

Englewood, Colorado-based Aytu BioScience, Inc. (OTCMKTS:AYTU) --
http://www.aytubio.com/-- is a commercial-stage specialty
healthcare company concentrating on developing and commercializing
products with an initial focus on urological diseases and
conditions.  Aytu is currently focused on addressing significant
medical needs in the areas of urological cancers, hypogonadism,
urinary tract infections, male infertility, and sexual
dysfunction.

Aytu BioScience reported a net loss of $22.50 million for the year
ended June 30, 2017, a net loss of $28.18 million for the year
ended June 30, 2016, and a net loss of $7.72 million for the year
ended June 30, 2015.  Aytu BioScience reported a net loss of $4.24
million for the three months ended Sept. 30, 2017.

As of Dec. 31, 2017, the Company had $18.85 million in total
assets, $15.82 million in total liabilities and $3.03 million in
total stockholders' equity.

"[T]he Company had approximately $4.0 million in cash including
approximately $76,000 in restricted cash (that is expected to be
released in fiscal year 2018).  In addition, for the quarter ended
December 31, 2017, and for the most recent four quarters ended
December 31, 2017, we used an average of $3.2 million of cash per
quarter for operating activities.  Looking forward, we expect cash
used in operating activities to be in the range of historical usage
rates, therefore, indicating substantial doubt about the Company's
ability to continue as a going concern.  We expect to require a
cash infusion during the fourth quarter of fiscal year 2018 to
sustain operations," the Company stated in its quarterly report for
the period ended Dec. 31, 2017.


BAL HARBOUR: Receiver Hires KapilaMukamal LLP as Accountant
-----------------------------------------------------------
Drew M. Dillworth, court appointed receiver for Bal Harbour Quarzo,
LLC a/k/a Synergy Capital Group, LLC a/k/a Synergy Investments
Group, LLC, seeks authority from the U.S. Bankruptcy Court for the
Southern District of Florida to retain Soneet Kapila and the
accounting firm of KapilaMukamal, LLP to represent Receiver as
accountant.

The professional services the accountant will render are:

     a. review Debtors' records for asset analysis and recovery;

     b. perform a preference and fraudulent avoidance analysis;
and

     c. assist Receiver in all tax matters.
KM will charge its normal hourly rates in effect at the time
services are rendered and normal reimbursement policies.

Soneet Kapila, founding partner of KapilaMukamal, LLP, attests that
KM is a "disinterested person" as such term is defined in
Bankruptcy Code Sec. 101(14), as modified by Sec. 1107(b), and
Bankruptcy Rule 2014, and KM does not hold or represent an interest
adverse to the Debtor's estate and has no connection to the Debtor,
its creditors or related parties.

The accountant can be reached through:

     Soneet Kapila, CPA, CIRA
     KapilaMukamal, LLP
     Kapila Building
     1000 South Federal Hwy, Suite 200
     Fort Lauderdale, FL 33316
     Tel: 954-761-1011

                   About Bal Harbour Quarzo

Bal Harbour Quarzo, LLC, also known as Synergy Capital Group, LLC,
also known as Synergy Investments Group, LLC, is a Florida limited
liability company based in Miami operating in the hotels and motels
industry.

Based in Fort Lauderdale, Florida, Bal Harbour Quarzo, LLC filed a
Chapter 11 petition (Bankr. S.D. Fla. Case No. 18-11793) on Feb.
16, 2018.  Drew M. Dillworth, receiver appointed by Florida State
Court, signed the petition.

At the time of filing, the Debtor estimated $10 million to $50
million in total assets and $50 million to $100 million in total
liabilities.  

Judge Raymond B Ray presides over the case.

Eric J Silver, Esq., at Stearns Weaver Miller Weissler Alhadeff &
Sitterson, P.A., is the Debtor's counsel.


BAL HARBOUR: Receiver Taps Stearns Weaver Miller as Attorney
------------------------------------------------------------
Drew M. Dillworth, court appointed receiver for Bal Harbour Quarzo,
LLC a/k/a Synergy Capital Group, LLC a/k/a Synergy Investments
Group, LLC, seeks authority from the U.S. Bankruptcy Court for the
Southern District of Florida to retain Eric J. Silver and the law
firm of Stearns Weaver Miller Weissler Alhadeff & Sitterson, P.A.,
as attorneys for Receiver.

The professional services SWM will render are:

     a. advise with respect to responsibilities in complying with
the U.S. Trustee's Operating Guidelines and Reporting Requirements
and with the rules of the Court;

     b. prepare motions, pleadings, orders, applications, adversary
proceedings, and other legal documents necessary in the
administration of this case;

     c. protect the interest of the estate in all matters pending
before the Court; and

     d. represent the estate in negotiations with its creditors and
other parties in interest, and in the preparation of a liquidation
plan.

SWM will charge its normal hourly rates in effect at the time
services are rendered and normal reimbursement policies.

Eric J Silver, Esq., a shareholder of the law firm of Stearns
Weaver, attests that neither he nor Stearns Weaver holds or
represents any interest adverse to the Debtor or the Debtor's
estate and they are "disinterested persons" within the scope and
meaning of Section 101(14) of the Bankruptcy Code, as required by
11 U.S.C. Section 327(a).

The counsel can be reached through:

     Eric J Silver, Esq.
     STEARNS WEAVER MILLER WEISSLER ALHADEFF & SITTERSON, P.A.
     150 W Flagler St # 2200
     Miami, FL 33130
     Tel: (305) 789-4175
     E-mail: esilver@stearnsweaver.com

                   About Bal Harbour Quarzo

Bal Harbour Quarzo, LLC, also known as Synergy Capital Group, LLC,
also known as Synergy Investments Group, LLC, is a Florida limited
liability company based in Miami operating in the hotels and motels
industry.

Based in Fort Lauderdale, Florida, Bal Harbour Quarzo, LLC filed a
Chapter 11 petition (Bankr. S.D. Fla. Case No. 18-11793) on Feb.
16, 2018.  Drew M. Dillworth, receiver appointed by Florida State
Court, signed the petition.

At the time of filing, the Debtor estimated $10 million to $50
million in total assets and $50 million to $100 million in total
liabilities.  

Judge Raymond B Ray presides over the case.

Eric J Silver, Esq., at Stearns Weaver Miller Weissler Alhadeff &
Sitterson, P.A., is the Debtor's counsel.


BALL CORP: S&P Alters Outlook to Stable & Affirms 'BB+' CCR
-----------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' corporate credit rating and
all other ratings on Broomfield, Colo.-based Ball Corp. At the same
time S&P revised its outlook to stable from negative.

S&P said, "Our outlook revision reflects Ball's solid operating
performance and substantial progress in deleveraging its capital
structure. Despite the company's plans for additional plant
investment and resuming share repurchases, Ball's credit measures
will still compare favorably in future years relative to those in
recent periods when it was still integrating the bulk of the Rexam
acquisition. When Ball acquired Rexam in mid-2016, it planned to
obtain at least $300 million of synergies within three and a half
years. To this point, the company has realized over $150 million in
synergies pertaining to general and administrative expenses,
sourcing, and footprint optimization.

"The stable outlook on Ball Corp. reflects our view that the
company will continue its solid operating performance during the
next year through continued adoption of specialty cans by its
beverage customers, international growth, and a healthy aerospace
backlog. Productivity initiatives and continued realization of
synergies will also promote good credit measures for the rating and
will help offset the ongoing erosion in domestic beer and
carbonated beverage consumption. The ratings contain some capacity
for Ball to undertake its growth strategy, which may involve
debt-funded acquisitions that could cause credit measures to
temporarily weaken from current levels. We view an adjusted debt to
EBITDA ratio of 4x-5x and an FFO to debt ratio of 12%-20% on a
run-rate basis as sufficient for the ratings, though we would
expect the company's credit measures to outperform these levels on
a normal basis.

"We could lower our ratings on the company if operational
challenges brought about by changing consumer preferences,
competitive pressures, increasing material costs, or other factors
result in the company's credit measures unexpectedly weakening.
Given our assumed sales growth for Ball, we estimate a five
percentage point reduction in EBITDA margins could result in its
adjusted debt to EBITDA ratio increasing to above 5x. Unexpectedly
aggressive financial policies and permanent re-leveraging events
could also cause us to lower the ratings.

"In order for us to raise the ratings, management would need a
track record of operating with lower debt leverage, potentially by
maintaining an FFO-to-adjusted debt ratio of more than 20% and an
adjusted debt-to-EBITDA ratio of less than 4x. A public commitment
to adopting more conservative financial policies would also be a
key determinant of a potential upgrade. This could cause us to
revise our financial policy modifier assessment to neutral from
negative. If Ball is able to enhance its profit margins to near 20%
while retaining its scale and market share and keeping its credit
measures at meaningfully stronger levels within the category, then
we may also contemplate revising the comparable rating analysis
modifier to neutral from negative. However, we believe it is
unlikely that this will occur over the next year."


BAY CIRCLE: NCRT LLC Hires Ackerman as Real Estate Broker
---------------------------------------------------------
NCRT, LLC, affiliate of Bay Circle Properties, LLC, et al., seeks
authority from the U.S. Bankruptcy Court for the Northern District
of Georgia to extend the employment Ackerman & Co. as its exclusive
real estate broker with respect to the sale of the approximately
19.76 acres of unimproved real property located on Tench Road in
Sugar Hill, Gwinnett County, Georgia.

On June 21, 2017, Debtor filed its motion to employ real estate
broker, seeking to retain Ackerman to market Parcels R7253035,
R7253036, and R7253037 for sale and to maximize their exposure to
the market, pursuant to a proposed listing agreement.

On June 28, 2017, the Court entered an Order on Motion to Employ
Real Estate Broker, granting the first motion and authorizing
Debtor to retain Ackerman.  The Agreement provides an exclusive
listing term of six months from the date of the order approving
Ackerman's employment; accordingly, the term of the Agreement
expired Dec. 28, 2017.

The Amendment proposes to reinstate the Agreement, with a listing
term to expire six months from the date of the order approving the
Amendment.

Ackerman will be paid a commission of 5% of the gross sales price
at closing.

John Speros, senior vice president of Ackerman & Co., 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 Debtor and its estates.

Ackerman can be reached at:

         John Speros
         ACKERMAN & CO.
         10 Glenlake Parkway South Tower, Suite 1000
         Atlanta, GA 30328
         Tel: (770) 913-3910
         Fax: (404) 578-7033
         E-mail: jsperos@ackermanco.net

                  About Bay Circle Properties

Bay Circle Properties, LLC, DCT Systems Group, LLC, Sugarloaf
Centre, LLC, Nilhan Developers, LLC, and NRCT, LLC, own 16
different real properties including significant undeveloped
acreage.  The properties also include office/warehouse buildings,
retail shopping centers and free standing single tenant buildings.

Bay Circle Properties, et al., filed Chapter 11 bankruptcy
petitions (Bankr. N.D. Ga. Case Nos. 15-58440 to 15-58444) on May
4, 2015.  The Chapter 11 cases are jointly administered.  In the
petition signed by Chuck Thakkar, manager, Bay Circle estimated $1
million to $10 million in assets and liabilities.

The Debtors tapped John A. Christy, Esq., J. Carole Thompson Hord,
Esq., and Jonathan A. Akins, Esq., at Schreeder, Wheeler & Flint,
LLP, as bankruptcy attorneys.  The Debtors engaged RG Real Estate,
Inc., as real estate broker.

No trustee has been appointed in the Debtors' cases.


BAY CIRCLE: Nilhan Hires Ackerman as Real Estate Broker
-------------------------------------------------------
Nilhan Developers, LLC, affiliate of Bay Circle Properties, LLC, et
al., seeks authority from the U.S. Bankruptcy Court for the
Northern District of Georgia to extend the employment Ackerman &
Co. as its exclusive real estate broker with respect to the sale of
Debtor's option to purchase real property and improvements at 2800
and 2810 Spring Road, Smyrna, Cobb County, Georgia.

On June 28, 2017, the Court entered an Order on Motion to Employ
Real Estate Broker [Doc. No. 709], granting the First Motion and
authorizing Debtor to employ Ackerman. The Agreement provides an
exclusive listing term of six months from the date of the order
approving Ackerman'’s employment; accordingly, the term of the
Agreement expired December 28, 2017.

The Amendment proposes to reinstate the Agreement, with a listing
term to expire six months from the date of the order approving the
Amendment.

Ackerman will be paid a commission of 5% of the gross sales price
at closing.

John Speros, senior vice president of Ackerman & Co., 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 Debtor and its estates.

Ackerman can be reached at:

         John Speros
         ACKERMAN & CO.
         10 Glenlake Parkway South Tower, Suite 1000
         Atlanta, GA 30328
         Tel: (770) 913-3910
         Fax: (404) 578-7033
         E-mail: jsperos@ackermanco.net

                  About Bay Circle Properties

Bay Circle Properties, LLC, DCT Systems Group, LLC, Sugarloaf
Centre, LLC, Nilhan Developers, LLC, and NRCT, LLC, own 16
different real properties including significant undeveloped
acreage.  The properties also include office/warehouse buildings,
retail shopping centers and free standing single tenant buildings.

Bay Circle Properties, et al., filed Chapter 11 bankruptcy
petitions (Bankr. N.D. Ga. Case Nos. 15-58440 to 15-58444) on May
4, 2015.  The Chapter 11 cases are jointly administered.  In the
petition signed by Chuck Thakkar, manager, Bay Circle estimated $1
million to $10 million in assets and liabilities.

The Debtors tapped John A. Christy, Esq., J. Carole Thompson Hord,
Esq., and Jonathan A. Akins, Esq., at Schreeder, Wheeler & Flint,
LLP, as bankruptcy attorneys.  The Debtors engaged RG Real Estate,
Inc., as real estate broker.

No trustee has been appointed in the Debtors' cases.


BIOSTAGE INC: Jinhui Liu Hikes Stake to 12.9% as of Feb. 20
-----------------------------------------------------------
Jinhui Liu, a Chinese investor, reported to the Securities and
Exchange Commission via Schedule 13D that as of Feb. 20, 2018, he
beneficially owned 368,318 shares of common stock of Biostage Inc.,
constituting 12.9 percent of the shares outstanding.  That
percentage was calculated based on the approximately 2.56 million
shares of Common Stock outstanding immediately prior to the Private
Placement, plus the 302,115 shares of Common Stock issued in the
Private Placement.

On Feb. 2, 2018, Biostage entered into a securities purchase
agreement with Mr. Liu pursuant to which the Issuer agreed to issue
to the Reporting Person in a private placement 302,115 shares of
its common stock, par value $0.01 per share at a purchase price of
$3.31 per share.

On Feb. 20, 2018, Biostage and Mr. Liu closed the Private Placement
under which Biostage issued to Mr. Liu 302,115 shares of Common
Stock.  The Reporting Person had previously acquired 66,203 shares
of Common Stock in open market purchases that occurred prior to the
start of negotiations relating to the Private Placement.

According to Mr. Liu, the source of the funds used to purchase the
Common Stock was his personal funds.  No part of the purchase price
of the securities was represented by funds or other consideration
borrowed or otherwise obtained for the purpose of acquiring,
holding, trading, or voting the securities.

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

                       https://is.gd/YD0bR6

                          About Biostage

Headquartered in Holliston, Massachusetts, Biostage, Inc., formerly
Harvard Apparatus Regenerative Technology, Inc. --
http://www.biostage.com/-- is a biotechnology company developing
bio-engineered organ implants based on the Company's new Cellframe
technology which combines a proprietary biocompatible scaffold with
a patient's own stem cells to create Cellspan organ implants.
Cellspan implants are being developed to treat life-threatening
conditions of the esophagus, bronchus or trachea with the hope of
dramatically improving the treatment paradigm for patients.  Based
on its pre-clinical data, Biostage has selected life-threatening
conditions of the esophagus as the initial clinical application of
its technology.  

Biostage reported a net loss of $11.57 million for the year ended
Dec. 31, 2016, compared to a net loss of $11.70 million for the
year ended Dec. 31, 2015.  The Company's balance sheet as of Sept.
30, 2017, showed $2.55 million in total assets, $2.07 million in
total liabilities and $477,000 in total stockholders' equity.

KPMG LLP, in Cambridge, Massachusetts, issued a "going concern"
qualification on the consolidated financial statements for the year
ended Dec. 31, 2016, citing that the Company has suffered recurring
losses from operations and will require additional financing to
fund future operations which raise substantial doubt about its
ability to continue as a going concern.


BLACK ELK: Delaware Trust's Claim Deemed Allowed, Court Rules
-------------------------------------------------------------
Richard Schmidt, Trustee of the Black Elk Litigation Trust,
objected to claims filed by Delaware Trust Company in Black Elk
Energy Offshore Operations, LLC's bankruptcy. Delaware filed a
motion for summary judgment to disallow the Trustee's claim
objections. Judge Marvin Isgur of the U.S. Bankruptcy Court for the
Southern District of Texas granted Delaware's motion.

Delaware argued that the Trustee's objection is barred under the
doctrine of res judicata because Black Elk’s plan specifically
allows its claims in their full amount. Delaware pointed to
language in the plan that states, "the litigation trust reserve[s]
the right to object to any claim (other than claims deemed in the
plan to be Allowed Claims)." The Trustee claimed that Delaware's
reading of the confirmed plan is too narrow and ignores important
sections of the plan that preserve the Trustee's right to object.

A bankruptcy court's order confirming a plan of reorganization
constitutes a final judgment. Bankruptcy courts view confirmed
plans of reorganization as contracts. After confirmation, the
debtor's entire estate is dissolved, including potential causes of
action that belong to the debtor. If a claim is not properly
preserved, the confirmed plan's res judicata effect nullifies the
claim. In order for claims to be preserved post-confirmation, the
plan must make a "specific and unequivocal" reservation of a claim.
To meet this standard, a reservation must provide creditors with
sufficient notice to know whether the plan's terms resolve a
dispute, or whether an entity seeks to pursue the dispute after
confirmation. The Fifth Circuit has held that "an objection to a
proof of claim serves to initiate a contested matter and thereby
serves the purpose of putting the parties on notice that litigation
is required to resolve the objection."

Turning to the Plan, its terms dictate that Delaware's claim is
deemed allowed. The Third Amended Plan of Liquidation confirmed by
the Court on July 13, 2016, sets out six impaired classes of claims
and their treatment under the Plan. Section V D specifically refers
to Delaware's claims stating: "The Senior Notes Claim shall be
allowed in the full amount of the Senior Notes Pre-Petition
Obligations." On its face, the Plan allows Delaware's claim to the
Senior Notes and no reservations are made preserving any right to
object to the claim. After the Court's confirmation, the Plan's
terms were reduced to a final judgment, entitling Delaware to its
allowed claim.

Delaware has carried its initial summary judgment burden,
demonstrating that its claim is allowed based on the Plan's
treatment of its claim. The Trustee, however, has failed to raise a
genuine issue of material fact regarding Delaware's right to its
allowed claim.

The bankruptcy case is in re: BLACK ELK ENERGY OFFSHORE OPERATIONS,
LLC, et al, Chapter 11, Debtor(s), Case No. 15-34287 (Bankr. S.D.
Tex.).

A full-text copy of Judge Isgur's Memorandum Opinion is available
at https://is.gd/pZ62O1 from Leagle.com.

Black Elk Energy Offshore Operations, LLC, Debtor, represented by
David L. Curry, Jr. --dcurry@okinadams.com -- Okin & Adams, LLP,
Joseph M. Esmont -- jesmont@bakerlaw.com  -- Baker & Hostetler,
LLP, Jeffrey Richard Gleit -- jgleit@sandw.com -- Sullivan
Worcester LLP, Elizabeth A. Green -- egreen@bakerlaw.com -- Baker &
Hostetler LLP, Pamela Gale Johnson , Baker & Hostetler, LLP & Jimmy
D. Parrish -- jparrish@bakerlaw.com -- Baker Hostetler LLP.

Wood Group PSN, Inc., Debtor, represented by Joseph S. Cohen --
jcohen@rosenthallaw.com -- Trent L. Rosenthal, PLLC.

The Grand Ltd., Ryan Marine Services, Inc. & Laredo Construction
Inc., Petitioning Creditors, represented by Matthew Scott Okin --
mokin@okinadams.com --  Okin & Adams LLP & Brian D. Roman --
broman@okinadams.com -- Okin & Adams LLP.

Gulf Offshore Logistics, LLC, Petitioning Creditor, represented by
Michael P. Brundage, Phelps Dunbar LLP, Richard Montague, Phelps
Dunbar, LLP, Matthew Scott Okin, Okin & Adams LLP & Brian D. Roman,
Okin & Adams LLP.

Trustee of the Black Elk Litigation Trust, Richard Schmidt,
Trustee, Trustee, represented by David L. Curry, Jr., Okin & Adams,
LLP, Matthew Scott Okin, Okin & Adams LLP & John Thomas Oldham --
joldhamd@okinadams.com -- Okin and Adams LLP.

Richard Schmidt, Trustee, represented by David L. Curry, Jr. , Okin
& Adams, LLP, Jeffrey Richard Gleit -- jgleit@sandw.com -- Sullivan
Worcester LLP, Genevieve Marie Graham -- ggraham@okinadams.com --
Okin Adams LLP, Nathaniel R.B. Koslof -- nkoslof@sandw.com --
Sullivan & Worcester LLP, Ryan Anthony O'Connor --
roconnor@okinadams.com -- Okin Adams LLP, Matthew Scott Okin , Okin
& Adams LLP & Allison Weiss -- aweiss@sandw.com -- Sullivan &
Worcester LLP.

US Trustee, U.S. Trustee, represented by Ellen Maresh Hickman,
Office of the U S Trustee, Diane G Livingstone, Office of US
Trustee & Christine A. March, Office of the US Trustee.

Ad Hoc Committee of Secured Noteholders, Creditor Committee,
represented by, Hugh Massey Ray III -- hugh.ray@pillsburylaw.com --
Pillsbury Winthrop Shaw Pittman LLP, Sarah A. Schultz --
sschultz@akingump.com -- Akin Gump et al, Jason Scott Sharp, King &
Spalding LLP & Basil A. Umari, McKool Smith.

Official Committee of Unsecured Creditors, Creditor Committee,
represented by David L. Curry, Jr., Okin & Adams, LLP, Matthew
Scott Okin, Okin & Adams LLP & Brian D. Roman, Okin & Adams LLP.

                      About Black Elk

Black Elk Energy Offshore Operations, LLC, is a Houston, Texas
based privately held limited liability company engaged in the
acquisition, exploitation, development and production of oil and
natural gas properties primarily in the shallow waters of the Gulf
of Mexico near the coast of Louisiana and Texas.

Black Elk had total assets of $339.7 million and total debt of
$432.3 million as of Sept. 30, 2014.

Judge Letitia Z. Paul of the U.S. Bankruptcy Court in the Southern
District of Texas placed Black Elk under Chapter 11 bankruptcy
protection on Sept. 1, 2015, converting an involuntary Chapter 7
bankruptcy petition by its creditors.  Thereafter, the Company
filed with the Court a voluntary Chapter 11 petition (Bankr. S.D.
Tex. Case No. 15-34287) on Sept. 10, 2015.  

Judge Paul later recused herself from the case and the matter was
given to Judge Marvin Isgur, according to information posted on the
case docket on Sept. 14.

The Debtor was represented by Elizabeth E. Green, Esq., of Baker &
Hostetler.  Blackhill Partners' Jeff Jones served as the Debtor's
Chief Restructuring Officer.  The Debtors hired Ryan LLC as tax
research consultant and Williamson, Sears & Rusnak, LLP as special
counsel.

Judy A. Robbins, U.S. Trustee for Region 7, appointed five
creditors to serve in the Official Committee of Unsecured Creditors
in the Chapter 11 case of Black Elk Energy Offshore Operations,
LLC.  Okin & Adams LLP is counsel to the Committee.

                        *     *     *

Black Elk Energy Offshore Operations' Third Amended Plan of
Liquidation became effective, and the Company emerged from Chapter
11 protection, according to a report by The Troubled Company
Reporter on July 28, 2016.  The Court confirmed the Plan on July
13, 2016.


BO EX VENTURES: Plan to Pay Unsecured Creditors in Full
-------------------------------------------------------
Bo Ex Ventures, LLC, filed with the U.S. Bankruptcy Court for the
Northern District of Texas a disclosure statement regarding its
original plan of reorganization dated Feb. 16, 2018.

All Unsecured Claimants within Class 5 will obtain 100% recovery as
follows: (a) the terms of the prepetition, unsecured loan by BBVA
Compass Bank to the Debtor, in the amount of $44,068.62, will be
reinstated in full, with no default, as of the Effective Date; (b)
American Express Bank, FSB will be issued an unsecured promissory
note by the Debtor, in the principal amount of $30,929.54, that
will mature within 90 days after the Effective Date and bear 2.99%
annual interest and be paid in equal monthly installments; and (c)
Grable Martin Fulton will be issued an unsecured promissory note by
the Debtor, in the principal amount of $108,734.83, that will bear
2.99% annual interest and be paid in equal monthly installments of
$3,000 until fully satisfied. The Debtor may, in its sole
discretion, prepay any amount owed to any Creditor in Class 5 prior
to the maturity of any debt created through Class 5. All guarantees
on any prepetition or post-petition loans to the Debtor shall be
canceled and extinguished.

The Debtor believes it has proposed a consensual plan, where the
Debtor's primary stakeholders have agreed to release their claims
against the Debtor, the Principals and the Estate so that the
Debtor's Estate may be administered more efficiently during this
bankruptcy case.

Upon the Effective Date, the Debtor or its officers will continue
to operate the reorganized Debtor as a going concern. The Debtor
will be required to implement the terms of the Plan in full.
Creditors and Interest holders, whether or not they voted on the
Plan, will be bound by the Plans terms.

A full-text copy of the Disclosure Statement is available at:

     http://bankrupt.com/misc/txnb17-34117-11-70.pdf

                      About Bo Ex Ventures

Formed in July 2009, Bo Ex Ventures, LLC, is in the business of
providing IT management solutions to clients throughout Dallas,
Houston and Austin, Texas.  While it maintains several locations,
the company is headquartered in Dallas, Texas.  It currently has 14
employees and an outside consultant.

Bo Ex Ventures sought Chapter 11 protection (Bankr. N.D. Tex. Case
No. 17-34117) on Nov. 3, 2017.  H. Joseph Acosta, Esq., at
FisherBroyles, LLP, is representing the Debtor.


BOSS LITHO: Taps Kogan Law Firm as Legal Counsel
------------------------------------------------
Boss Litho, Inc., seeks approval from the U.S. Bankruptcy Court for
the Central District of California to hire Kogan Law Firm, APC, as
its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; and implementation of a plan of reorganization;
and provide other legal services related to its Chapter 11 case.

Michael Kogan, Esq., a principal of Kogan Law Firm and the attorney
who will be handling the case, will charge an hourly fee of $550
for his services.  His associate will charge $300 per hour.

The firm received a retainer of $20,000 from the Debtor prior to
the petition date.

Mr. Kogan disclosed in a court filing that his firm does not hold
or represent any interest adverse to the Debtor's estate, creditors
and equity security holders.

The firm can be reached through:

         Michael S. Kogan, Esq.
         Kogan Law Firm, APC
         1849 Sawtelle Blvd., Suite 700
         Los Angeles, CA 90025
         Tel: 310-954-1690
         E-mail: mkogan@koganlawfirm.com

                      About Boss Litho Inc.

Boss Litho, Inc. -- http://bosslitho.com-- is a printing and
packing company located in the City of Industry, California.

Boss Litho sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 18-11454) on Feb. 9, 2018.  In the
petition signed by Jean Paul Nataf, president, the Debtor estimated
assets and liabilities of $1 million to $10 million.  Judge Sandra
R. Klein presides over the case.  Kogan Law Firm, APC, is the
Debtor's counsel.


BREVARD EYE: Wants to Continue Using Cash Collateral Until April 21
-------------------------------------------------------------------
Brevard Eye Center, Inc., and its affiliated debtors seek
authorization from the U.S. Bankruptcy Court for the Middle
District of Florida for continued use of cash collateral until
April 21, 2018 pursuant to the attached budget and the terms of the
prior order of the Court, and that all of the SummitBridge Matters
be continued to a date prior to April 21, 2018.

The Debtors and secured creditor, SummitBridge National Investments
V LLC, are in a continuing judicial mediation with the Hon. Caryl
E. Delano which mediation concerns the SummitBridge Matters and
other related matters.

At the initial mediation session on February 7, 2018, the Debtors
and SummitBridge agreed to continue all matters set for hearing on
February 21, 2018 in order for the parties to proceed with
mediation.

The Court had scheduled several matters for hearing on February 21,
2018 at 10:00 a.m. which primarily involved SummitBridge:

      (a) Debtors' Motions to Use Cash Collateral;

      (b) Motion by Debtors to Modify Cash Collateral Orders
Regarding Escrow of PostPetition
Taxes (ECF 390);

      (c) Motion by SummitBridge National Investments for
Reconsideration of the Court's December 11, 2017 Order Granting
Motion to Modify Order Regarding Payment of Past Due 401K
Contributions (ECF 393);

      (d) Renewed Motion by SummitBridge National Investments to
Dismiss or Convert Cases;

      (e) Second Motion by Debtors to Extend Exclusivity Period for
Filing a Chapter 11 Plan and Disclosure Statement;

      (f) Status Conference; and

      (g) Pretrial Conference and all deadlines in the related
Adversary Proceeding, Case No. 6:17-ap-00070-KSJ.

Since then, the Debtors and SummitBridge have continued settlement
discussions with Judge Delano and directly with each other. Indeed
discussions are continuing through the evening of February 20,
2018, the evening before the scheduled February 21, 2018 hearings.

Though they say that they are so inclined, unfortunately, the
Debtors have still not received an affirmative, unqualified
representation from SummitBridge regarding continuing the
SummitBridge Matters.

The Debtors believe that there is a reasonable prospect that
SummitBridge will consent to the use of cash collateral pursuant to
the budget attached hereto by or at the hearing on Feb. 21, 2018.

A full-text copy of the Debtor's Motion is available at:

           http://bankrupt.com/misc/flmb17-01828-453.pdf

                 About Brevard Eye Center, et al.

Brevard Eye Center Inc., Brevard Surgery Center Inc., Medical City
Eye Center, P.A. and THMIH, Inc., own and operate four retail
optometry centers and clinics and a surgical center.  The optometry
centers and clinics are located in Melbourne, Merritt Island, Palm
Bay, and Orlando, Florida.  The surgical center and the corporate
offices are located in Melbourne, Florida.  

Brevard Eye Center operates three of the four optometry centers,
Medical City Eye Center operates only the Orlando optometry center,
and Brevard Surgery Center operates the surgical center.  THMIH
owns the real estate leased to the surgical center/corporate
offices located at 665 S. Apollo Blvd., Melbourne, FL.  THMIH also
owns the real estate leased to the optometry centers at 250 N.
Courtenay Pkwy., Merritt Island, FL and 214 E. Marks St., Orlando,
FL.

Medical City Eye Center has been serving East Central Florida as
The Brevard Eye Center for over 28 years and serving Downtown
Orlando as Yager Eye Institute for over 50 years.  Dr. Rafael
Trespalacios, an ophthalmologic surgeon, is the 100% owner of
Brevard Eye Center, et al.

Brevard Eye Center, et al., sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. M.D. Fla. Case Nos. 17-01828 to
17-01831) on March 21, 2017.  In the petitions signed by Dr.
Trespalacios, as president, each debtor estimated its assets at $1
million to $10 million and liabilities at $10 million to $50
million.

Geoffrey S. Aaronson, Esq., and Tamara D. McKeown, Esq., at
Aaronson Schantz Beiley P.A., serve as counsel to the Debtors.

No official committee of unsecured creditors has been appointed.


BRUGNARA PROPERTIES: Court Denies Approval of Chapter 11 Plan
-------------------------------------------------------------
For reasons stated on the record at the hearing Judge Dennis
Montali of the U.S. Bankruptcy Court for the Northern District of
California issued an order disapproving the combined plan and
disclosure statement of Brugnara Properties VI.

Class 2(a) - General Unsecured Creditors will receive 100% of their
allowed claim in two equal monthly installments, the first payment
due on the Effective Date and the second payment due 30 days
thereafter.  Creditors in this class may not take any collection
action against Debtor so long as Debtor is not in material default
under the Plan.

The Debtor has obtained a commitment from Frank Sanders, a lender
who has worked with the Debtor and the Debtor's principal for many
years, to lend the Debtor at least $5,000,000 to pay off the junior
liens against the property once the validity of the nominee tax
liens has been determined.  The loan would be funded within 12
months of the effective date in order to provide for the payment to
creditors by January 31, 2019, as provided in the Plan.  In
addition, Mr. Sanders has agreed to fund a super priority loan of
$600,000 to pay 10% interest to the mortgage creditors for the year
before they are paid off.  Mr. Sanders has worked with the various
Brugnara entities for over 20 years, having made over $200,000,000
in loans to those entities, including over $20,000,000 in loans to
Brugnara Properties VI, all of which loans were repaid.

In addition, the Debtor will receive an infusion of cash from the
Debtor’s principal, Kay Brugnara, if necessary to fund the Plan.
Luke Brugnara II is listing artwork for sale, the proceeds of which
would be given to his mother, Kay Brugnara who will contribute to
the Debtor to fund the Plan.  He has entered into a consignment
agreement with Conn Ryan and Rapid Funding to sell the artwork with
a listing price of $6.6 million.

A full-text copy of the Disclosure Statement dated Jan. 3, 2018, is
available at:

         http://bankrupt.com/misc/canb17-30501-95.pdf

                 About Brugnara Properties VI

Brugnara Properties VI, a company San Francisco, California, sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. N.D.
Calif. Case No. 17-30501) on May 22, 2017.  Katherine Brugnara,
president, signed the petition.  

At the time of the filing, the Debtor disclosed that it had
estimated assets and liabilities of $10 million to $50 million.

Ruth Elin Auerbach, Esq., who has an office in San Francisco,
California serves as the Debtor's legal counsel.

Janina M. Hoskins was appointed Chapter 11 Trustee of Brugnara
Properties VI.  The Trustee hired Dentons US LLP, as counsel, and
Bachecki, Crom & Co., LLP, Certified Public Accountants, as
accountant.  

On Sept. 17, 2010, the Debtor sought bankruptcy protection (Bankr.
N.D. Cal. Case No. 10-33637), which case was converted to a Chapter
7 liquidation.  The Debtor filed another Chapter 11 case on Dec.
31, 2014 (Bankr. N.D. Cal. Case No. 14-31867), which has been
dismissed by a judge.


CARDTRONICS PLC: S&P Lowers CCR to 'BB' on EBITDA Decline
---------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Houston–based Cardtronics plc to 'BB' from 'BB+' and revised the
rating outlook to stable from negative.

S&P said, "At the same time, we lowered our issue-level rating on
the company's senior unsecured notes to 'BB' from 'BB+'. The
recovery rating is '4', indicating our expectation of average
recovery (30%-50%; rounded estimate: 45%) in the event of a payment
default.

"We also affirmed our 'BBB-' issue-level rating on the company's
first-lien revolver. The recovery rating is '1', indicating our
expectation of very high recovery (90%-100%; rounded estimate: 95%)
in the event of a payment default. Based on our criteria, at the
rating is capped at 'BBB-', which is why it was only one notch
above the corporate credit rating before this rating action.

"The downgrade of Cardtronics reflects our expectation that EBITDA
will decline in 2018, resulting in adjusted debt to EBITDA
approaching the mid-3x range from the low-3x range as of Dec. 31,
2017 (excluding the impact from the 7-Eleven contract, which
expired in July 2017). Our expectation for EBITDA decline in 2018
is driven by market pricing challenges in Australia and the U.K.
that will pressure pricing in these regions. These events also
highlight the inherent risk in Cardtronics' business model and
increased regulatory scrutiny of ATM surcharge fees that
Cardtronics generates revenue from.

"The stable outlook reflects our expectation that despite
Cardtronics' revenue and EBITDA declines in 2018 from the loss of
its largest customer and market pricing challenges affecting its
businesses in Australia and the U.K., adjusted debt to EBITDA will
not exceed 4x over the coming year. The outlook also reflects our
expectation that Cardtronics will return to organic EBITDA growth
in 2019 driven by low-single-digit percentage global cash usage and
ATM unit growth and stable to expanding EBITDA margins for the
company.

"We could lower the rating if persistent market pricing and
regulatory headwinds result in substantial EBITDA decline, or if
debt funded M&A or shareholder returns add to debt, such that
leverage increases to over 4x. We could also lower the rating if
cash usage and ATM unit growth turns negative, leading to a
declining addressable market.

"An upgrade in 2018 is unlikely as we expect EBITDA decline to
result in leverage sustained above 3x. Longer term, we could
consider a higher rating if the company can penetrate new growth
channels and grow EBITDA at least the pace of GDP, while sustaining
leverage below 3x."


CARTEL MANAGEMENT: Asks Court to Approve Disclosure Statement
-------------------------------------------------------------
Cartel Management, Inc., and Titans of Mavericks, LLC, filed a
motion asking the U.S. Bankruptcy Court for the Central District of
California to approve the Disclosure Statement which describes
their Joint Plan Of Reorganization, dated February 21, 2018, as
containing "adequate information" as contemplated by Section 1125
of the Bankruptcy Code.

The Debtors also ask the Court to schedule the hearing to consider
approval of the disclosure statement for April 4, 2018, at 2:00
p.m.

                     About Cartel Management

Cartel Management, Inc., and Titans of Mavericks, LLC --
http://www.titansofmavericks.com/-- promote, organize and host a
sporting event in "big wave" surfing known as "Titans of Mavericks"
at the Pacific Ocean surf break popularly known as "Maverick's"
located near Half Moon Bay, California.

Cartel and Titans filed Chapter 11 petitions (Bankr. C.D. Cal. Lead
Case No. 17-11179) on Jan. 31, 2017.  Griffin Guess, president of
Cartel, signed the petitions.

At the time of filing, Cartel estimated assets of less than $1
million and estimated liabilities of $1 million to $10 million.
Titans estimated assets of less than $50,000 and liabilities of
less than $500,000.

Judge Deborah J. Saltzman presides over the cases.

The Debtors engaged David L. Neale, Esq., at Levene, Neale, Bender,
Yoo & Brill LLP, in Los Angeles, California, as bankruptcy counsel.
The Debtors tapped Hartford O. Brown, Esq., at Klinedinst PC, as
special counsel in relation to the potential sale of their assets,
and to handle disputes with Red Bull Media House North America,
Inc., and other third parties.  The Debtors also tapped Tyler
Paetkau, Esq., of Hartnett, Smith & Paetkau to represent them on
certain proceedings, including administrative proceedings before
the San Mateo County Harbor District, the California Coastal
Commission, the San Mateo County Planning and Building Department,
and National Oceanic and Atmospheric Administration.


CASELLA WASTE: S&P Raises Corp. Credit Rating to 'B+', Outlook Pos.
-------------------------------------------------------------------
S&P Global Ratings raised its corporate credit rating on Casella
Waste Systems Inc. to 'B+' from 'B'. The outlook is positive.

S&P said, "At the same time, we raised our issue-level rating on
the company's revolving credit facility and term loan to 'BB-' from
'B+'. The '2' recovery rating indicates our expectation for
substantial (70%-90%; rounded estimate: 85%) recovery in a payment
default scenario.

"Additionally, we raised our issue-level rating on Casella's
unsecured notes to 'B-' from 'CCC+'. The '6' recovery rating
indicates our expectation for negligible (0%-10%; rounded estimate:
0%) recovery in a payment default scenario."

The upgrade reflects the notable improvement in Casella's operating
performance over the last year and the corresponding impact on the
company's credit metrics. For the last 12 months (LTM) ended Sept.
30, 2017, revenues increased 5.5% as a result of improved price mix
in Casella's core collection and disposal businesses (which
collectively represent about 70% of total revenues) and stable
landfill volumes. Adjusted EBITDA margin improved to 24.1% over
same period, as the company's ongoing productivity initiatives
(e.g., collection fleet upgrade, route optimization and
rationalization, etc.) and improved operating leverage helped
offset general wage inflation, ramp-up costs associated with the
company's recycling processing upgrade initiative, and raw
materials volatility. These factors resulted in Casella's adjusted
debt to EBITDA improving to 4.4x and funds from operations (FFO) to
debt to 16.7% for the LTM ended Sept. 30, 2017.  

The positive rating outlook on Casella reflects the potential that
we will upgrade the company over the next 12 months. S&P said,
"This incorporates our expectation that continued top-line growth,
combined with better operating leverage, will drive further credit
metric improvements that support a one-notch upgrade. The company
may pursue small bolt-on acquisitions as part of its growth
strategy, but we do not expect it to pursue any opportunities that
would meaningfully weaken its credit measures on a sustained
basis."

S&P said, "We would revise our outlook back to stable if the
company is unable to improve price mix or operating expenses rise
greater than expected, resulting in leverage above 4x. We could
lower our ratings on Casella if a severe economic downturn in the
northeastern U.S. leads to declining disposal volumes, pricing
compression, or weakening operating margins, causing its adjusted
debt to EBITDA to exceed 5x and FFO to debt to fall below 12% for a
sustained period with no foreseeable improvement. We estimate that
this could occur if Casella's sales decline by 800 basis points
(bps) and operating margins decline by 400 bps from our base-case
scenario.

"We could raise our ratings on Casella if continued improvement in
the company's operating performance and a stable debt level cause
its FFO to debt to improve to above 20% and adjusted debt to EBITDA
to fall below 4x on a sustained basis. We estimate that this could
occur if Casella's operating margins rise by 200 bps and sales
volumes remain consistent with our base-case scenario."


CATHOLIC SCHOOL: Taps Luis R. Carrasquillo as Financial Consultant
------------------------------------------------------------------
Catholic School Employees Pension Trust seeks approval from the
U.S. Bankruptcy Court for the District of Puerto Rico to hire CPA
Luis R. Carrasquillo & Co., P.S.C. as its financial consultant.

Carrasquillo will assist the Debtor's management in the financial
restructuring of its affairs by providing advice in strategic
planning and preparation of its plan of reorganization and business
plan, and by participating in the Debtor's negotiations with its
creditors.

The firm's hourly rates are:

     Luis Carrasquillo              Partner                   $175
     Marcelo Gutiérrez              Senior CPA               
$125
     Lionel Rodriguez Perez         Senior Accountant          $90
     Carmen Callejas Echevarria     Senior Accountant          $85
     Kenneth Ramirez                Senior Accountant          $80
     Kelvin Cabezudo                Senior Accountant          $80
     Zoraida Delgado                Junior Accountant          $45
     Karina Mejias Ortiz            Administrative/Support     $30
     Maricruz Mangual Hernandez     Administrative/Support     $30
     Iris Franqui                   Administrative/Support     $30

The firm received a retainer in the sum of $6,000.

Luis Carrasquillo Ruiz, a principal of the firm, disclosed in a
court filing that he and other members of the firm are
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

Carrasquillo can be reached through:

     Luis R. Carrasquillo Ruiz
     CPA Luis R. Carrasquillo & Co., P.S.C.
     28th Street, #TI-26
     Turabo Gardens Avenue
     Caguas, PR 00725
     Phone: 787-746-4555 / 787-746-4556
     Fax: 787-746-4564
     Email: luis@cpacarrasquillo.com

            About Catholic School Employees Pension Trust

The Catholic School Employees Pension Trust is a business trust
duly constituted under the laws of the Commonwealth of Puerto
Rico.

The Pension Trust filed a Chapter 11 petition (Bankr. D.P.R. Case
No. 18-00108) on Jan. 11, 2018.  In the petition signed by Ramon
Guzman, president of Board of Trustees, the Debtor estimated $1
million to $10 million to $1 million to $10 million in assets and
liabilities.  The Hon. Enrique S. Lamoutte Inclan presides over the
case.  Javier Vilarino, Esq., at the Law Firm of Vilarino &
Associates, serves as bankruptcy counsel.



CHARLOTTE RUSSE: S&P Hikes CCR to 'CCC' Following Debt Exchange
---------------------------------------------------------------
Charlotte Russe Inc. recently completed what S&P considered a
distressed exchange for all of its previously outstanding $214
million term loan debt, resulting in a new $90 million term loan,
and giving the term loan lenders a majority equity stake in the
company. While the exchange addresses the company's near-term
refinancing risk and reduces the debt load, S&P expects liquidity
to be tight over the next 12 months due to the need to improve
operating performance and free cash flow prospects.

S&P Global Ratings raised its corporate credit rating on Charlotte
Russe Inc. to 'CCC' from 'SD' following the completed debt
restructuring. The outlook is negative.

S&P said, "At the same time, we assigned a '3' recovery rating and
'CCC' issue-level rating to the company's new $90 million 8.5%
fixed-rate term loan due 2023. The recovery rating of '3' indicates
our expectations for meaningful (50%-70%; rounded estimate: 50%)
recovery in the event of a default.

"The upgrade follows our reassessment of Charlotte Russe's capital
structure and liquidity position subsequent to its recent debt
restructuring. The completed restructuring agreement meaningfully
reduces the company's debt load, with a new $90 million term loan
replacing the company's previous $214 million of term loan debt.
The transaction results in a much more manageable interest burden
and maturity schedule, with the asset-based lending (ABL) facility
maturing in February 2022 and the term loan maturing in February
2023. In exchange, the term loan lenders received 100% of the
equity of Charlotte Russe, subject to some dilution from the newly
formed management equity incentive plan.

"The negative outlook reflects our expectation that operating
trends will remain weak over the next 12 months given continued
intense competition in the specialty apparel space, lower store
traffic, and our expectation for some disruption in supply chain
related to the uncertainty around the recent financial
restructuring. We think these factors could lead to continued cash
burn in 2018, resulting in reduced availability under the ABL
facility.

"We could lower our ratings if operating trends and liquidity
deteriorate further. This could be the case if significant cash
burn results in additional draws on the ABL facility, causing a
breach of the minimum liquidity covenant or significantly limiting
the company's ability to fund business operations.

"Although unlikely over the next 12 months, we could consider an
upgrade if operating performance is meaningfully better than our
expectations, indicating a sustainable improvement in the Charlotte
Russe's operational effectiveness and competitive standing. Under
this scenario, comparable-store sales would stabilize in
low-single-digit percent area, and adjusted EBITDA margin would
expand about 300 bps above our base-case forecast, resulting in
meaningfully positive free operating cash flow and notably improved
liquidity."


CONDO 64: May Continue Using Cash Collateral Through March 26
-------------------------------------------------------------
Judge James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut has entered a 19th order authorizing Condo
64, LLC, to use cash collateral in the ordinary course of its
business up to the maximum amount of $50,480 to be disbursed for
payment of the expenses incurred for the period commencing Feb. 23,
2018 and continuing through March 26, 2018.

A final hearing on the Debtor's use of cash collateral will be held
on March 19, 2018, at 2:00 p.m.

Prior to the Petition Date, the Debtor was indebted to American
Eagle Financial Credit Union under a certain mortgage loan in the
principal amount of $2,600,000, secured by a first priority
mortgage and assignment of rents on the Property and a security
interest in all of the Debtor's personality. On the Petition Date,
American Eagle asserts the outstanding principal balance was
$2,489,101 with accrued interest of $276,423, together with late
charges, attorneys’ fees, and such other amounts as may be
outstanding under the Loan Documents.

As adequate protection to American Eagle Financial Credit Union for
the Debtor's use of cash collateral and for any diminution in the
collateral, American Eagle is granted, nunc pro tunc to the
Petition Date:

   (a) A continuing post-petition lien and security interest in all
prepetition property of the Debtor as it existed on the Petition
Date, of the same type against which American Eagle held validly
protected liens and security interests as of the Petition Date;
and

   (b) A continuing post-petition lien in all property acquired by
the Debtor after the Petition date. The Replacement Liens will
maintain the same priority, validity and enforceability as American
Eagle's liens on the initial collateral and will be recognized only
to the extent of any diminution in the value of the collateral
resulting from the use of cash collateral pursuant to the Order.

   (c) As further adequate protection to American Eagle, the Debtor
is authorized to pay to American Eagle the sum of $7,500 per month,
which payment will satisfy the Debtor's obligation during the Cash
Collateral Usage Period.

The liens of American Eagle and any replacement thereof pursuant to
the Eighteenth Order, and any priority to which American Eagle may
be entitled or becomes entitled under Section 507(b) of the
Bankruptcy Code, will be subject to and subordinate to:

           (i) amounts payable by the Debtor under Section
1930(a)(6) of Title 28 of the United States Code;

          (ii) amounts due and owing to the Debtor's employees or
contract labor for post-petition wages or services which accrue
during the term of the Nineteenth Interim Order, and

         (iii) for the allowed fees and expenses of Debtor's
retained counsel, Halloran & Sage, LLP, Kevin Mason, Esq., and
accountants (collectively, "Debtor's Professionals"), in an amount
not to exceed $75,000, to be paid from proceeds of American Eagle's
collateral in the event allowed administrative fees of Debtor's
Professionals are not paid or available from cash on hand from the
Debtor's operations, or from the sale or refinance of the Debtor's
property.

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

          http://bankrupt.com/misc/ctb15-21797-305.pdf

                      About Condo 64 LLC

Condo 64, LLC, a single asset real estate under 11 U.S.C. Sec.
101(51B), is the owner of 67 of the 112 condominium units and the
leases and rents in connection therewith at the location known as
505-509 Burnside Avenue, East Hartford, Connecticut.

Condo 64 filed a Chapter 11 petition (Bankr. D. Conn. Case No.
15-21797) on Oct. 16, 2015.  In the petition signed by Managing
Member Oliver C. Pinkard, the Debtor disclosed total assets at $4.6
million and total liabilities at $3.1 million at the time of the
filing.

The case is assigned to Judge Ann M. Nevins.

The Debtor hired Kaitlin M. Humble, Esq., and Craig I. Lifland,
Esq., at Halloran & Sage LLP, as bankruptcy counsel; and MAC
Commercial Financing Inc. as mortgage broker.

No trustee, examiner or creditors' committee has been appointed in
the case.


CORNERSTONE HOSPITALITY: Taps Williams & Williams as Broker
-----------------------------------------------------------
Cornerstone Hospitality, LLC, seeks approval from the U.S.
Bankruptcy Court for the Northern District of Texas to hire
Williams & Williams World Wide Real Estate, LLC as its real estate
broker.

The firm will assist the Debtor in the sale of its real and
personal properties, which include The Clarion Hotel and the Koko
Inn in Lubbock, Texas.

Williams will get a commission of 8% of the gross sales price.  If
the properties are not sold, the firm's only compensation will be a
marketing fee of $40,000 to be paid by the Debtor prior to the
auction.

Daniel Nelson, senior vice-president of Williams' broker
operations, disclosed in a court filing that he and his firm do not
hold any interest adverse to the Debtor's bankruptcy estate.

The firm can be reached through:

     Daniel S. Nelson
     Williams & Williams
     World Wide Real Estate, LLC
     7140 S. Lewis Avenue, Suite 200
     Tulsa, OK 74136
     Phone: 918.250.2012
     Fax: 918.250.1916

                   About Cornerstone Hospitality

Cornerstone Hospitality, LLC is a privately-held company in
Lubbock, Texas.  It is a small business Debtor as defined in 11
U.S.C. Section 101(51D).

Cornerstone Hospitality sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Texas Case No. 18-50034) on Feb. 26,
2018.  In the petition signed by Abraham Lincoln, managing member,
the Debtor estimated assets and liabilities of $1 million to $10
million.

Judge Robert L. Jones presides over the case.  

Tarbox Law, P.C., is the Debtor's bankruptcy counsel.


COTIVITI CORP: Moody's Hikes Corporate Family Rating to Ba3
-----------------------------------------------------------
Moody's Investors Service upgraded Cotiviti Corporation's Corporate
Family Rating ("CFR") to Ba3, from B1, as well as its Probability
of Default rating, to B1-PD, from B2-PD. Moody's also upgraded the
ratings on the company's first lien debt, to Ba3, from B1, and
affirmed its SGL-1 Speculative Grade Liquidity rating. The outlook
remains stable.

Upgrades:

Issuer: Cotiviti Corporation

-- Probability of Default Rating, Upgraded to B1-PD from B2-PD

-- Corporate Family Rating, Upgraded to Ba3, from B1

-- Senior Secured First Lien Bank Credit Facility, Upgraded to
    Ba3 (LGD3), from B1 (LGD3)

Affirmations:

-- Speculative Grade Liquidity rating, Affirmed SGL-1

Outlook Actions:

-- Outlook, Remains Stable

RATINGS RATIONALE

Cotiviti's Ba3 CFR reflects the company's solid operating momentum,
very good liquidity, and steady pace of deleveraging in the nearly
two years since its May 2016 IPO. Although Cotiviti has some
customer concentration and modest scale, it has been posting
double-digit-percentage revenue growth over the past several years,
while sustaining EBITDA margins in the high-30%s. Through both
operating growth and applying IPO proceeds towards paying down
debt, Cotiviti has dramatically delevered since the May 2014 merger
of the legacy Connolly retrospective healthcare claims accuracy
business with iHealth Technologies' ("iHealth") prospective claims
accuracy business (the merger created Cotiviti). As of year-end
2017, Moody's adjusted debt-to-EBITDA leverage stood at slightly
below 3.0 time, down by more than half since the 2014 merger.

The Ba3 rating also reflects Moody's expectation that, as a public
company, Cotiviti will operate within a leverage band of
approximately 2.5 to 3.5 times, although it may move temporarily
close to 4.0 times to make tuck-in acquisitions. Given Moody's
expectations for revenue growth of about 8% in 2018 and steady
EBITDA margins, leverage will be about 2.7 times by year-end.
Cotiviti should generate free cash flows representing at least 15%
of debt over the next year, solid even for the upgraded Ba3 rating.
The ratings benefit from Cotiviti's very good liquidity profile
(reflected in the SGL-1 liquidity rating), leading market
positions, and positive fundamentals in the healthcare-recovery
vertical, in which claims volumes and values are expected to grow.
Also supporting the ratings is the reduced influence of Cotiviti's
private equity owners, who currently own about 45% of the company,
an amount that has been declining since the IPO.

The stable ratings outlook reflects the expectation for revenue and
profitability growth driven by the growth of healthcare claims
volumes and values as the U.S. population ages and the costs and
complexity of healthcare continue to rise. The ratings could be
upgraded if Cotiviti continues to deliver growth in its scale while
maintaining profitability, and demonstrates a track record of
conservative financial policies, including reduced PE ownership and
debt reduction such that debt/EBITDA is maintained at about 2.5
times. The ratings could be downgraded if Cotiviti demonstrates
aggressive financial policies; if it loses a significant customer;
if pricing pressure leads to Moody's expectation of ongoing margin
compression; if free-cash-flow / debt falls to the mid-single-digit
percentages, or; if debt/EBITDA holds above 3.5 times for a
prolonged period.

Cotiviti Corporation ("Cotiviti"; formed by Connolly's acquisition
of iHealth in May 2014) is a leading provider of technology-enabled
pre- and postpayment integrity solutions to health insurers and the
CMS, as well as to retail businesses. Moody's anticipates Cotiviti
will generate revenues of approximately $740 million in 2018.
Private equity firm Advent International bought Connolly for a
12-times multiple in mid-2012, and in September 2015 the company
was rebranded as Cotiviti. In late May 2016, Cotiviti launched an
IPO, from which it used nearly all of the net proceeds to pay down
more than $200 million of debt.


COTTON REI: Taps Eric A. Liepins as Legal Counsel
-------------------------------------------------
Cotton REI, LLC, seeks approval from the U.S. Bankruptcy Court for
the Northern District of Texas to hire Eric A. Liepins, P.C., as
its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

Eric Liepins, Esq., will charge $275 per hour for his services.
The hourly rates for paralegals and legal assistants range from $30
to $50.  The Debtor paid the firm a retainer in the sum of $2,000.


Mr. Liepins disclosed in a court filing that his firm does not
represent any interest adverse to the Debtor's estate.

The firm can be reached through:

     Eric A. Liepins, Esq.
     Eric A. Liepins, P.C.
     12770 Coit Road, Suite 1100
     Dallas, TX 75251
     Telephone: (972) 991-5591
     Telecopier: (972) 991-5788
     E-mail: eric@ealpc.com

                       About Cotton REI LLC

Cotton REI, LLC, sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Tex. Case No. 18-30325) on Feb. 2,
2018.  In the petition signed by Renee Cotton, managing member, the
Debtor estimated assets and liabilities of less than $500,000.
Judge Harlin Dewayne Hale presides over the case.  Eric A. Liepins,
P.C., is the Debtor's legal counsel.


COUDERT BROTHERS: Dist. Court Grants Bid to Dismiss Statek Suit
---------------------------------------------------------------
In the case captioned STATEK CORP., Plaintiff, v. COUDERT BROS.
LLP, Defendant, No. 3:07-cv-00456 (SRU) (D. Conn.), Plaintiff
Statek -- a California corporation with principal place of business
in Orange, California--sued its erstwhile law firm, Coudert Bros.
LLP--a New York limited liability partnership--for malpractice
under English law. Statek's claim arises out of Coudert's alleged
failure to transfer certain files from Coudert's London office to
Statek in 1996. Coudert has moved to dismiss for lack of personal
jurisdiction. Because jurisdiction over Coudert is not authorized
by Connecticut's long-arm statute and would not comport with the
requirements of due process, District Judge Stefan R. Underhill
grants Coudert's motion to dismiss.

Coudert has moved to dismiss for lack of personal jurisdiction,
asserting that jurisdiction over it--"an out-of-state defendant
accused of out-of-state wrongdoing against an out-of-state
plaintiff"--is neither authorized by Connecticut's long-arm statute
nor permitted by the United States Constitution. Statek responds
that "Coudert is subject to personal jurisdiction in Connecticut
because it transacted business within Connecticut by rendering
legal advice to Statek in Connecticut, and because its tortious
conduct caused injury to Statek in Connecticut." Statek also
contends that Coudert either "waived any personal jurisdiction
defense . . . by failing to make a timely motion to dismiss the
state court case," or else "submitted to this Court's jurisdiction"
by "abandoning its personal jurisdiction defense and litigating
this case on the merits since 2008." Coudert denies that it
forfeited its objection to personal jurisdiction, arguing that its
motion was timely filed and that it was not required to "assert[]
this Court's lack of personal jurisdiction" in the bankruptcy
proceedings because "the New York bankruptcy court indisputably has
personal jurisdiction."

After considering the tortuous history of the case, the Court holds
that Coudert did not forfeit its personal jurisdiction defense.
Furthermore, the Court concludes that the court cannot fairly
exercise jurisdiction in Connecticut over Coudert (a
long-since-dissolved New York law firm) on the basis of alleged
malpractice under English law with respect to a client in
California. Therefore, the Court grants Coudert's motion to dismiss
for lack of personal jurisdiction.

A full-text copy of Judge Underhill's Ruling dated Feb. 12, 2018 is
available at https://is.gd/9L3jW9 from Leagle.com.

Statek Corp., Plaintiff, represented by Anthony W. Clark --
anthony.clark@skadden.com -- Skadden, Arps, Slate, Meagher & Flom,
pro hac vice, Erick M. Sandler -- emsandler@daypitney.com -- Day
Pitney LLP, Joshua W. Cohen -- jwcohen@daypitney.com -- Day Pitney
LLP, Kenneth W. Ritt -- kwritt@daypitney.com -- Day Pitney LLP,
Mark M. Porto -- mmporto@daypitney.com -- Day Pitney LLP & Kevin C.
Brown -- kcbrown@daypitney.com -- Day Pitney LLP.

Coudert Brothers LLP, Defendant, represented by David S.
Tannenbaum, Stern Tannenbaum & Bell LLP & Karen S. Frieman, Stern
Tannenbaum & Bell LLP.

                    About Coudert Brothers

Coudert Brothers LLP was an international law firm specializing in
complex cross-border transactions and dispute resolution. The firm
had operations in Australia and China. Coudert filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 06-12226) on Sept. 22, 2006.
John E. Jureller, Jr., Esq., and Tracy L. Klestadt, Esq., at
Klestadt & Winters, LLP, represented the Debtor in its
restructuring efforts. Brian F. Moore, Esq., and David J. Adler,
Esq., at McCarter & English, LLP, represented the Official
Committee of Unsecured Creditors. Coudert scheduled total assets of
$30.0 million and total debts of $18.3 million as of the Petition
Date. The Bankruptcy Court in August 2008 signed an order
confirming Coudert's chapter 11 plan. The Plan contemplated on
paying 39% to unsecured creditors with $26 million in claims.

Coudert has been succeeded by Development Specialists, Inc. in its
capacity as Plan Administrator under the confirmed chapter 11 plan.


CRAPP FARMS: Taps Steffes Group as Auctioneer
---------------------------------------------
Crapp Farms Partnership seeks approval from the U.S. Bankruptcy
Court for the Western District of Wisconsin to hire an auctioneer.

The Debtor proposes to employ Steffes Group to conduct an auction
sale of its real properties, including its farmland and farm
facilities located in Grant County, Wisconsin; and other assets
used in its farming operations.

Steffes Group will be compensated via a buyer's premium of 5% added
to the purchase price for each parcel of land sold.  Meanwhile, the
firm will get an 8% commission from the gross proceeds generated
from the sale of its farm equipment.

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

The firm can be reached through:

         Randy Kath
         Steffes Group
         24400 MN Hwy 22 S
         Litchfield, MN 55355
         Tel: 320-693-9371
         Fax: 320-693-9373
         E-mail: Randy.Kath@SteffesGroup.com
                 Litchfield@SteffesGroup.com

                   About Crapp Farms Partnership

Crapp Farms Partnership is a large farming operation that includes
growing and selling crops, raising livestock, and providing farm
trucking and excavating services to third-party customers.  The
farming operation is located in Potosi, Wisconsin.

Crapp Farms sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Wis. Case No. 17-11601) on May 3, 2017.  In the
petition signed by Darell C. Crap, partner, the Debtor estimated
its assets and debt at $10 million to $50 million.

The case is assigned to Judge Catherine J. Furay.  

The Debtor tapped J. David Krekeler, Esq., Eliza M. Reyes, Esq.,
Jennifer M. Schank, Esq., Kristin J. Sederholm, Esq., at Krekeler
Strother, S.C., as Chapter 11 counsel.

On June 5, 2017, the Office of the U.S. Trustee appointed an
official committee of unsecured creditors.  The Creditors Committee
is represented by Matthew E. McClintock, Esq., at Goldstein &
McClintock, LLLP.


CYTORI THERAPEUTICS: Cancels Office Lease Agreement with 6262 Lusk
------------------------------------------------------------------
Cytori Therapeutics, Inc., and 6262 Lusk Investors, LLC, have
entered into an agreement terminating the Lease Agreement, dated as
of Feb. 27, 2017, as amended, between the Company and the Landlord
for approximately 29,499 square feet of office space, effective as
of Feb. 21, 2018.  

The Company, in accordance with the terms of the Termination
Agreement, paid a total termination fee to the Landlord of
approximately $572,000 on the Termination Date, consisting of its
initial rent payment and the amount of the Letter of Credit under
the Lease Agreement, which the Company believes is less than the
potential total lease and operating expense cash obligations that
could have been incurred over one year.  The Company initiated
negotiations with the Landlord to restructure the Lease in
connection with the Company's restructuring announced on Sept. 1,
2017.  The negotiations related to allowing the Company to sublease
part or the entirely of the office space to another tenant in order
to reduce expenses and ongoing obligations, as well as delaying the
commencement date of the Lease.

                         About Cytori

Based in San Diego, California, Cytori -- http://www.cytori.com/--
is a therapeutics company developing regenerative and oncologic
therapies from its proprietary cell therapy and nano-particle
platforms for a variety of medical conditions.  Data from
preclinical studies and clinical trials suggest that Cytori Cell
Therapy acts principally by improving blood flow, modulating the
immune system, and facilitating wound repair.  As a result, Cytori
Cell Therapy may provide benefits across multiple disease states
and can be made available to the physician and patient at the
point-of-care through Cytori's proprietary technologies and
products.  Cytori Nanomedicine is developing encapsulated therapies
for regenerative medicine and oncologic indications using
technology that allows Cytori to use the benefits of its
encapsulation platform to develop novel therapeutic strategies and
reformulate other drugs to optimize their clinical properties.

BDO USA, LLP, in San Diego, California, Cytori's independent
accounting firm, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
stating that the Company has suffered recurring losses and negative
cash flows from operations that raise substantial doubt about its
ability to continue as a going concern.

Cytori reported a net loss of $22.04 million for the year ended
Dec. 31, 2016, compared to a net loss of $18.74 million for the
year ended Dec. 31, 2015.  As of Sept. 30, 2017, Cytori had $26.44
million in total assets, $18.62 million in total liabilities and
$7.81 million in total stockholders' equity.


DISH NETWORK: S&P Cuts CCR to B on Subscriber Losses, Outlook Neg.
------------------------------------------------------------------
S&P Global Ratings lowered its corporate credit rating on
Englewood, Colo.-based DISH Network Corp. to 'B' from 'B+'. The
outlook is negative.

S&P said, "At the same time, we lowered our issue-level ratings on
the unsecured debt issued by DISH DBS Corp. to 'B' from 'B+'. The
recovery rating remains '4', indicating our expectation for
meaningful (30%-50%; rounded estimate: 45%) recovery in the event
of a payment default. We also lowered the issue rating on DISH's
convertible notes to 'CCC+' from 'B-'. The recovery rating remains
'6', indicating our expectation for negligible (0%-10%; rounded
estimate: 0%) recovery in the event of a payment default."

The downgrade reflects continued deterioration in DISH's satellite
TV business stemming from heightened competition, shifting consumer
preferences, and mature industry conditions that have resulted in
weaker credit metrics than previously expected. S&P said, "We
currently project satellite TV subscriber losses to continue at the
current rate of about 8%-9% per year, which we do not believe can
be fully offset by growth in marginally profitable Sling TV
subscribers. If this trend continues, cash flow generated by the
pay-TV assets at DISH DBS may not be able to support the current
capital structure at DISH Network longer-term. Still, there are no
near-term liquidity concerns given that Dish can meet its
maturities in 2018 and 2019 with internal cash generation, so we
believe DISH has time to execute its strategy of retaining its most
profitable rural subscribers while growing Sling TV to provide a
deleveraging path."

S&P said, "The negative outlook incorporates the risk that we could
lower the rating further over the next year if operating trends do
not improve or if decisions related to DISH's wireless strategy
harm DISH's credit profile.

"We could lower the rating if leverage rises above 7.0x to fund a
network buildout, or spectrum purchases, without a credible
improvement in DISH's business profile and earnings generation
capabilities. Alternatively, we could lower the rating (potentially
by more than one notch) if DISH were to sell its spectrum assets
and use all of the proceeds for shareholder returns, provided that
fundamentals in the pay-TV business do not improve to allow for a
deleveraging path.

"We could revise the outlook to stable if DISH improves its
satellite TV business and continues to grow Sling TV such that
leverage were to fall below 6.0x with a path for further
improvement. We believe this is possible if DISH can reduce its
satellite TV subscriber declines to 4%-5% per year by lowering
churn to about 1.4%-1.5% per year from 1.78% in 2017.
Alternatively, we could revise the outlook to stable if DISH inks a
wholesale spectrum leasing agreement, or other partnership, with a
wireless carrier that provides a significant and predictable
revenue stream with limited investment going forward. While this
could provide longer-term upside, benefits to DISH's financial
profile would likely take a few years to materialize as the
spectrum gets deployed."


ENERGY FUTURE: Court Approves Plan, $9.45-Billion Sale to Sempra
----------------------------------------------------------------
The Delaware Bankruptcy Court on Feb. 27, 2018, entered an order
confirming the First Amended Joint Plan of Reorganization of Energy
Future Holdings Corp., Energy Future Intermediate Holding Company,
LLC, and the EFH/EFIH Debtors.

At a hearing on Monday, the Bankruptcy Court held that it will
confirm the plan of reorganization and approve the merger for
Sempra Energy to acquire Energy Future Holdings Corp. (EFH),
including EFH's indirect, approximate 80% ownership interest in
Oncor Electric Delivery Company LLC (Oncor).

San Diego-based Sempra Energy is acquiring the stake for $9.45
billion.

On Feb. 15, the Public Utility Commission of Texas (PUCT) waived
scheduled hearings and directed PUCT staff to draft a proposed
order approving the merger, for a potential final vote as early as
March 8.  In January, Sempra Energy said it conducted successful
equity and debt offerings to raise funds for the transaction.

Vince Sullivan, writing for Bankruptcy Law360, reports that the
Delaware bankruptcy court overruled objections relating to a $275
million claim reserve fund and asbestos injury claims.

A copy of the Plan Confirmation Order is available at:

          http://bankrupt.com/misc/deb14-10979-12763.pdf

                      About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor, an
80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.  The
Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth. EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).

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

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

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

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

On May 13, 2014, the U.S. Trustee appointed the Official Committee
of TCEH Unsecured Creditors in the Chapter 11 Cases.  The TCEH
Committee is composed of (a) the Pension Benefit Guaranty
Corporation; (b) HCL America, Inc.; (c) BNY, as Indenture Trustee
under the EFCH 2037 Notes due 2037 and the PCRBs; (d) LDTC, as
Indenture Trustee under the TCEH Unsecured Notes; (e) Holt Texas
LTD, d/b/a Holt Cat; (f) ADA Carbon Solutions (Red River); and (g)
Wilmington Savings, as Indenture Trustee under the TCEH Second Lien
Notes.  The TCEH Committee retained Morrison & Foerster LLP as
counsel; Polsinelli PC as co-counsel and conflicts counsel; Lazard
Freres & Co. LLC as investment banker; FTI Consulting, Inc., as
financial advisor; and Charles River Associates as an energy
consultant.

On Oct. 27, 2014, the U.S. Trustee appointed the Official Committee
of Unsecured Creditors representing the interests of the unsecured
creditors for EFH, EFIH, EFIH Finance, and EECI, Inc.  The EFH/EFIH
Committee is composed of (a) American Stock Transfer & Trust
Company, LLC; (b) Brown & Zhou, LLC c/o Belleair Aviation, LLC; (c)
Peter Tinkham; (d) Shirley Fenicle, as successor-in-interest to
the
Estate of George Fenicle; and (e) David William Fahy.  The EFH/EFIH
Committee retained Montgomery, McCracken, Walker & Rhodes, LLP, as
co-counsel and conflicts counsel; AlixPartners, LLP, as
restructuring advisor; Sullivan & Cromwell LLC as counsel;
Guggenheim Securities as investment banker; and Kurtzman Carson
Consultants LLC as noticing agent for both the TCEH Committee and
the EFH/EFIH Committee.

Given the size and complexity of the Chapter 11 Cases, the U.S.
Trustee proposed, and the Debtors and the TCEH Committee agreed, to
recommend that the Bankruptcy Court appoint a committee to, among
other things, review and report as appropriate on fee applications
and statements submitted by the professionals paid for by the
Debtors' Estates.  The Fee Committee is comprised of four members:
(a) one member appointed by and representative of the Debtors
(Cecily Gooch, Vice President and Special Counsel for
Restructuring, Energy Future Holdings); (b) one member appointed by
and representative of the TCEH Creditors' Committee (Peter Kravitz,
Principal and General Counsel, Province Capital); (c) one member
appointed by and representative of the U.S. Trustee (Richard L.
Schepacarter, Trial Attorney, Office of the United States Trustee);
and (d) one independent member (Richard Gitlin, of Gitlin and
Company, LLC).  The Fee Committee retained Godfrey & Kahn, S.C. as
counsel; and Phillips, Goldman & Spence, P.A., as co-counsel.

                           *    *    *

On Aug. 29, 2016, Judge Sontchi confirmed the Chapter 11 exit Plans
of two of Energy Future Holdings Corp.'s subsidiaries, power
generator Luminant and retail electricity provider TXU Energy Inc.
(the "T-Side Debtors").  The Plan became effective on Oct. 3,
2016.

On Aug. 20, 2017, Sempra Energy (NYSE: SRE) announced an agreement
to acquire Energy Future Holdings, the indirect owner of 80 percent
of Oncor Electric Delivery Company, LLC, operator of the largest
electric transmission and distribution system in Texas.  Under the
agreement, Sempra Energy will pay approximately $9.45 billion in
cash to acquire Energy Future and its ownership in Oncor, while
taking a major step forward in resolving Energy Future's
long-running bankruptcy case.  The enterprise value of the
transaction is approximately $18.8 billion, including the
assumption of Oncor's debt.

On Nov. 3, 2017, the Bankruptcy Court entered an order closing the
Chapter 11 cases of 40 affiliate debtors.  The claims asserted
against, and interests asserted in, the Closing Cases are
transferred to the lead case of Texas Competitive Electric Holdings
Company LLC, Case No. 14-10978.  A list of the Closing Cases is
available for free at:
http://bankrupt.com/misc/EnergyFuture_decreeclosing40.pdf


ET SOLAR: May Use Up to $87,734 Cash for February 2018 Expenses
---------------------------------------------------------------
Judge Charles Novack of the U.S. Bankruptcy Court for the Northern
District of California has entered a second interim order
authorizing ET Solar, Inc. to use cash collateral up to $87,734 for
the month of February, 2018 on the terms and conditions set forth
in the Second Amended Stipulation for Use of Cash Collateral with
NC State Renewables LLC.

The Debtor's continued interim or final hearing on approval of the
use of cash collateral will take place on March 1, 2018, at 10:00
a.m.

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

           http://bankrupt.com/misc/canb17-43031-93.pdf

                         About ET Solar

Based in Pleasanton, California, ET Solar, Inc., is a solar energy
equipment supplier.  ET Solar sought protection under Chapter 11 of
the Bankruptcy Code (Bankr. N.D. Cal. Case No. 17-43031) on Dec. 4,
2017.  In the petition signed by Steppe Hao, its president, the
Debtor estimated assets of less than $50,000 and liabilities of $10
million to $50 million.  Judge Charles Novack presides over the
case.  Binder & Malter, LLP, is the Debtor's legal counsel; and
Sensiba San Filippo LLP as accountant to the Debtor.


EXCO RESOURCES: Hires Alvarez & Marsal as Restructuring Advisors
----------------------------------------------------------------
EXCO Resources, Inc. and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, to employ Alvarez & Marsal North America, LLC as
restructuring advisors.

Services A&M will render are:

     a. assist the Debtors in the preparation of financial-related
disclosures required by the Court, including the Debtors’
schedules of assets and liabilities, statements of financial
affairs and monthly operating reports;   

     b. assist the Debtors with information and analyses required
pursuant to the Debtors’ debtor-in-possession financing;

     c. assist with the identification and implementation of
short-term cash management procedures;

     d. provide advisory assistance in connection with the
development and implementation of key employee compensation and
other critical employee benefit programs;

     e. assist with the identification of executory contracts and
leases and performance of cost/benefit evaluations with respect to
the affirmation or rejection of each;  

     f. assist the Debtors' management team and counsel focused on
the coordination of resources related to the ongoing reorganization
effort;

     g. assist in the preparation of financial information for
distribution to creditors and others, including, but not limited
to, cash flow projections and budgets, cash receipts and
disbursement analysis, analysis of various asset and liability
accounts, and analysis of proposed transactions for which Court
approval is sought;  

     h. attend meetings and assistance in discussions with
potential investors, banks, and other secured lenders, any official
committee(s) appointed in these chapter 11 cases, the United States
Trustee, other parties in interest and professionals hired by same,
as requested;

     i. analyse creditor claims by type, entity, and individual
claim, including assistance with development of databases, as
necessary, to track such claims;  

     j. assist in the preparation of information and analysis
necessary for the confirmation of a plan of reorganization in these
chapter 11 cases, including information contained in the disclosure
statement;

     k. assist in the evaluation and analysis of avoidance actions,
including fraudulent conveyances and preferential transfers;

     l. provide litigation advisory services, along with expert
witness testimony on case related issues as required by the
Debtors; and  

     m. render such other general business consulting or such other
assistance as Debtors' management or counsel may deem necessary
consistent with the role of a restructuring advisor to the extent
that it would not be duplicative of services provided by other
professionals in this proceeding.  

John L. Stuart, managing director with Alvarez & Marsal North
America, attests that A&M has no connection with the Debtors, their
creditors, other parties in interest, or the attorneys or
accountants of the Debtors, or the United States Trustee or any
person employed in the Office of the United States Trustee; does
not hold any interest adverse to the Debtors' estates; and believes
it is a "disinterested person" as defined by section 101(14) of the
Bankruptcy Code.

A&M's customary hourly billing rates are:

     Managing Director   $750—1050  
     Director            $575—800
     Analyst/Associate   $375—625

The firm can be reached through:

     John L. Stuart, Esq.
     Alvarez & Marsal North America, LLC
     2100 Ross Avenue, 21st Floor
     Dallas, TX 7520
     Tel: +1 214 438 1000
     Fax: +1 214 438 1001

                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


EXCO RESOURCES: Hires Epiq Bankruptcy Solutions as Claims Agent
---------------------------------------------------------------
EXCO Resources, Inc. and its debtor-affiliates filed an emergency
application seeking authority from the U.S. Bankruptcy Court for
the Southern District of Texas, Houston Division, to employ Epiq
Bankruptcy Solutions, LLC, as the claims, noticing, and
solicitation agent.

Claims and Administrative Services to be rendered by Epiq are:

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

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

     c. assist the Debtors with administrative tasks in the
preparation of their bankruptcy Schedules of Assets and Liabilities
and Statements of Financial Affairs, if such Schedules and
Statements are required by the Court, including (as needed): (i)
coordinating with the Debtors and their advisors regarding the
Schedules and Statements process, requirements, timelines, and
deliverables; (ii) creating and maintaining databases for
maintenance and formatting of Schedules and Statements data; (iii)
coordinating collection of data from the Debtors and their
advisors; and (iv) providing data entry and quality assurance
assistance regarding Schedules and Statements;

     d. assist the Debtors in managing the claims reconciliation
and objection process;

     e. maintain (i) a list of all potential creditors, equity
holders, and other parties in interest, and (ii) a "core" mailing
list consisting of all parties described in Bankruptcy Rule 2002
and those parties that have filed a notice of appearance pursuant
to Bankruptcy Rule 9010;

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

     g. maintain a post office box or address for the purpose of
receiving claims and returned mail, and processing all mail
received;

     h. process all proofs of claim received, including those
received by the Clerk's office, and check said process for
accuracy, and maintain the original proofs of claim in a secure
area;

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

     j. implement necessary security measures to ensure the
completeness and integrity of the Claims Registers and the
safekeeping of the original claims;

     k. record all transfers of claims and providing any notices of
such transfers as required by Bankruptcy Rule 3001(e);

     l. relocate, by messenger or overnight delivery, all of the
court filed proofs of claim to the offices of Epiq, not less than
weekly;

     m. upon completion of the docketing process for all claims
received to date for each case, turn over to the Clerk copies of
the Claims Registers for the Clerk's review;

     n. monitor the Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed, and
making necessary notations on and/or changes to the Claims
Registers;

     o. assist in the dissemination of information to the public
and responding to requests for administrative information regarding
the cases, as directed by the Debtors and/or the Court, including
through the use of a case website and/or call center;

      p. 30 days prior to the close of these chapter 11 cases, to
the extent practicable, request that the Debtors submit to the
Court a proposed order dismissing Epiq and terminating Epiq's
services upon completion of its duties and responsibilities and
upon the closing of these chapter 11 cases;

     q. within seven days' notice to Epiq of entry of an order
closing these chapter 11 cases, provide the Court the final
versions of the Claims Registers as of the date immediately before
the close of these chapter 11 cases;

     r. at the close of these chapter 11 cases, box and transport
all original documents, in proper format, as provided by the
Clerk's office, to (i) the Federal Archives Record Administration,
located at Central Plains Region, 200 Space Center Drive,

     s. coordinate publication of certain notices in periodicals
and other media;

     t. to the extent necessary, distribute claim acknowledgement
cards to creditors having filed a proof of claim or interest, as
applicable;

     u. provide balloting, solicitation, and tabulation services,
including preparing ballots, producing personalized ballots,
assisting in the production of solicitation materials, tabulating
creditor ballots on a daily basis, preparing a certification of
voting results, and providing court testimony with respect to
balloting, solicitation, and tabulation matters;

     v. provide state-of-the-art call center facility and services,
including (as needed):  (i) creating of frequently asked questions,
call scripts, escalation procedures and call log formats; (ii)
recording automated messaging; (iii) training call center staff;
and (iv) maintaining and transmitting call log to the Debtors and
their advisors;

     w. create and maintain a public access website setting forth
pertinent case information and allowing access to electronic copies
of proofs of claim or proofs of interest;

     x. provide the Debtors with consulting and computer software
support regarding the reporting and information management
requirements of the bankruptcy administration process;  

     y. educate and train the Debtors in the use of support
software, as necessary;

     z. generate, assist with, and provide strategic communications
advice, strategy, and expertise, as needed;

    aa. if requested by the Debtors, act as disbursing agent (to
the extent such services are not performed by another agent) in
connection with the distributions required under a confirmed
chapter 11 plan; and  

    bb. provide such other claims processing, noticing, and related
administrative services as may be requested from time to time by
the Debtors.

Epiq is a "disinterested person" as that term is defined in
Bankruptcy Code Section 101(14) with respect to the matters upon
which it is to be engaged.

Claim Administration hourly rates are:

       Clerical/Administrative Support            $25 to $45
       IT/Programming                             $65 to $85
       Case Managers                              $70 to $165
       Consultants/Directors/Vice Presidents     $160 to $190
       Solicitation Consultant                        $190
       Executive Vice-President, Solicitation         $215
       Executives                                  No Charge
       Communication Consultant                       $395

Angela Tsai, director of consulting at Epiq Bankruptcy Solutions,
assures the Court that Epiq and each of its employees are
"disinterested persons," as that term is defined in Section 101(14)
of the Bankruptcy Code, and neither Epiq nor any of its employees
hold or represent an interest adverse to the Debtors' estates
related to any matter for which Epiq will be employed.

The agent can be reached through:

         Angela Tsai
         EPIQ BANKRUPTCY SOLUTIONS, LLC
         777 Third Avenue, Twelfth Floor
         New York, NY 10017
         Tel: 646-282-2400
         Fax: 646-282-2501

                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


EXCO RESOURCES: Hires Ernst & Young as Accounting Services Provider
-------------------------------------------------------------------
EXCO Resources, Inc. and its debtor-affiliates seek authority from
the U.S. Bankrupcty Court for the Southern District of Texas,
Houston Division, to hire Ernst & Young LLP as their valuation,
business modeling, and accounting services provider.

Services to be provided by EY LLP are:

   General

     a. interview with the Debtors' management concerning the
nature of the assets and operations, as applicable;

     b. review business plans, future performance estimates or
budgets for the Debtors provided by management;

     c. consider applicable economic, industry, and competitive
environments, including relevant historical and future estimated
trends;

     d. leverage relevant work-findings and insights of the
Debtors' advisors (both within and outside of EY LLP);

     e. analyze the historical financial performance of the
Debtors; and

     f. discuss with management and the Debtors' external auditors
the valuation methods/approaches/assumptions we intend to utilize
in our valuation analysis.

   Reserve Analytics

     a. leverage relevant work-findings and insights of the
Debtors' advisors (both within and outside of EY); and

     b. leverage EY LLP's Advanced Transaction Analytics platform,
specifically tailored to upstream oil and gas to bridge together
both financial and non-financial "big data" in order to identify
inconsistencies, validate and challenge assumptions, provide
analytical insights, verify and update financial forecasts based on
information contained in the reserves database.

   Financial Reporting

     a. provide an enterprise level fair value estimate for EXCO,
including a reconciliation to the reorganization value (or the
implied shareholders' equity value) from the Debtors' plan of
reorganization, as applicable;

     b. evaluate and comment on management's identification of
identifiable intangible assets and potential liabilities, as
applicable;

     c. prepare a weighted average cost of capital estimate for the
Debtors and appropriate discount rates by asset class under the
income approach;

     d.  perform corroborative procedures, such as estimating the
consolidated internal rate of return implied from the overall
reorganization value from the plan of reorganization and prepare a
weighted average return on assets calculation to facilitate
analyses that are internally and externally consistent and
reasonable;

     e. prepare a valuation of certain of the Debtors' assets and
liabilities considering the valuation methods described in the
Engagement Letter, as applicable;

     f. prepare a narrative report summarizing the methodologies
employed in EY LLP's analyses, the assumptions on which EY LLP's
analyses were based, and its recommendations of fair value.

   Tax Reporting

     a. interviews with management concerning:

        -- the nature and operations of the businesses of the legal
entities, including historical financial performance;

        -- existing business plans, future performance estimates,
or budgets for the legal entities; and

        -- the assumptions underlying the business plans,
estimates, or budgets, as well as the risk factors that could
affect planned performance.

     b. analysis of the industry, as well as the economic and
competitive environments in which the legal entities operate;

     c. analysis of the performance and market position of the
legal entities relative to competitors and/or similar
publicly-traded companies;

     d. analysis of the earnings and dividend paying capacity of
the legal entities;

     e. analysis of financial data of similar publicly-traded
companies to develop appropriate valuation multiples;  

     f. valuation analysis and allocation of the enterprise value
to each legal entity, on a stand-alone basis, for the purpose of
allocating goodwill (if any) for emergence entity structure /
restructuring, considering applicable valuation methodologies
including (as applicable): Discounted Cash Flow Method; Guideline
Company Method; Similar Transactions Method and Adjusted Net Assets
Method;

     g. allocation of tangible and intangible asset fair market
values to the legal entity level for the purpose of allocating
goodwill (if any), tracking realized built in deductions triggered
for five years post emergence, and permitting deferred taxes to be
analyzed for purchase accounting purposes; and

     h. preparation of a narrative report summarizing the
methodologies employed in our analyses, the assumptions on which EY
LLP's analyses were based, and its recommendations of fair market
value.

   Accounting Services

     a. participate in discussions with the Debtors in order to
help management understand the accounting and reporting
implications of operating while in bankruptcy and considerations
upon emergence, including, GAAP and SEC reporting matters, tax
accounting matters, and considerations regarding accounting while
in bankruptcy, as well as fresh-start applicability and reporting;

     b. assist with the Debtors' accounting and reporting issues
related to the bankruptcy filing by summarizing the applicable
guidance and providing a high level interpretation to your specific
fact pattern;   

     c. assist with the Debtors' preparation of the fresh-start
accounting required work steps (including project management
support and resource needs) and provide comments on overall project
timeline;   

     d. assist with the technical fresh-start accounting and
reporting requirements, including the identification of accounts
(including income tax accounts) impacted by fresh-start accounting
and the fresh-start reporting date.  This may include providing
examples of fresh-start accounting disclosures, publications or
examples of the application of fresh-start accounting, or other
information that may assist management with the application of
fresh-start accounting;   

     e. based on the valuation studies and appraisals, assist you
with your preparation of the fresh-start accounting adjustments,
including system needs and recording of entries to the ledgers and
sub-ledgers;

     f. assist with the Debtors' determination of the income tax
accounting impacts stemming from fresh-start accounting and effects
of the Plan of Reorganization;

     g. assist with the Debtors' process to record the subsequent
accounting for the fresh-start accounting adjustments;

     h. provide a general interpretation of accounting standards,
including general provisions and high-level application to an
illustrative fact pattern.   

     i. assist in drafting technical whitepapers based on the
Debtors' selection of accounting treatment, including consideration
of disclosures;

     Revenue Recognition

     EY LLP may also assist with the Debtors' project to
understand, analyze, and quantify the impacts of, as well as
document the Debtors' judgments and estimates associated with, the
replacement by the Financial Accounting Standards Board of the
Accounting Standards Codification 605 – Revenue Recognition by
ASC 606 – Revenue from Contracts with Customers and ASC 340-40,
Other Assets and Deferred Costs – Contracts with Customers.

EY LLP's hourly rates are:

         Partner/Principal   $600
         Executive Director  $595
         Senior Manager      $560
         Manager             $475
         Senior              $335
         Staff               $220

R. Gregory Morris, executive director of Ernst & Young LLP, attests
that EY LLP is a "disinterested person" within the meaning of
section 101(14) of the Bankruptcy Code; and does not hold or
represent an interest adverse to the Debtors' estates.

The firm can be reached through:

         R. Gregory Morris,
         Ernst & Young LLP
         One Victory Park, Suite 2000
         2323 Victory Avenue
         Dallas, TX  75219
         Tel: +1 214 969 8000
         Fax: +1 214 969 8587

                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


EXCO RESOURCES: Hires Kirkland & Ellis as Bankruptcy Counsel
------------------------------------------------------------
EXCO Resources, Inc., and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, to employ Kirkland & Ellis LLP and Kirkland &
Ellis International LLP as their attorneys.  

Services to be provided by Kirkland are:

     a. advise the Debtors with respect to their powers and duties
as debtors in possession in the continued management and operation
of their businesses and properties;

     b. advise and consult on the conduct of these chapter 11
cases, including all of the legal and administrative requirements
of operating in chapter 11;

     c. attend meetings and negotiating with representatives of
creditors and other parties in interest;

     d. take all necessary actions to protect and preserve the
Debtors' estates, including prosecuting actions on the Debtors'
behalf, defending any action commenced against the Debtors, and
representing the Debtors in negotiations concerning litigation in
which the Debtors are involved, including objections to claims
filed against the Debtors' estates;

     e. prepare pleadings in connection with these chapter 11
cases, including motions, applications, answers, orders, reports,
and papers necessary or otherwise beneficial to the administration
of the Debtors' estates;

     f. represent the Debtors in connection with obtaining
authority to continue using cash collateral and post-petition
financing;

     g. advise the Debtors in connection with any potential sale of
assets;

     h. appear before the Court and any appellate courts to
represent the interests of the Debtors' estates;

     i. advise the Debtors regarding tax matters;  

     j. take any necessary action on behalf of the Debtors to
negotiate, prepare, and obtain approval of a disclosure statement
and confirmation of a chapter 11 plan and all documents related
thereto; and

     k. perform all other necessary legal services for the Debtors
in connection with the prosecution of these chapter 11 cases,
including:  (i) analyzing the Debtors' leases and contracts and the
assumption and assignment or rejection thereof; (ii) analyzing the
validity of liens against the Debtors; and (iii) advising the
Debtors on corporate and litigation matters.

Kirkland's current hourly rates are:

     Partners              $965 to $1,795
     Of Counsel            $575 to $1,795
     Associates            $575 to $1,065
     Paraprofessionals     $220 to $440

Patrick J. Nash, Jr. P.C., a partner of the law firm of Kirkland &
Ellis, is a "disinterested person" within the meaning of section
101(14) of the Bankruptcy Code, as required by Section 327(a) of
the Bankruptcy Code, and does not hold or represent an interest
adverse to the Debtors' estates and Kirkland has no connection to
the Debtors, their creditors, or other parties in interest.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Patrick
J. Nash, Jr. disclosed that:

      -- Kirkland has not agreed to any variations from, or
alternatives to, Kirkland's standard billing arrangements for this
engagement;

      -- the hourly rates used by Kirkland in representing the
Debtors are consistent with the rates that Kirkland charges other
comparable chapter 11 clients, regardless of the location of the
chapter 11 case;

      -- from July 10, 2017 to Dec. 31, 2017, Kirkland's hourly
rates for services are:
     
         Partners             $930 to $1,745
         Of Counsel           $555 to $1,745
         Associates           $555 to $1,015
         Paraprofessionals    $215 to $420

      -- Kirkland's hourly rates for services rendered on behalf of
the Debtors, on and after Jan. 1, 2018, are:  

         Partners             $965 to $1,795
         Of Counsel           $575 to $1,795
         Associates           $575 to $1,065
         Paraprofessionals    $220 to $440

     -- the Debtors have approved Kirkland's budget and staffing
plan for the period from Jan. 15, 2018 through March 31, 2018.

The counsel can be reached through:

         Patrick J. Nash, Jr.
         Patrick J. Nash, Jr., P.C.
         Kirkland & Ellis LLP
         300 North LaSalle
         Chicago, IL 60654
         Tel: +1 312-862-2000
         Fax: +1 312-862-2200
         
                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


EXCO RESOURCES: Hires KPMG LLP as Auditor & Tax Consultant
----------------------------------------------------------
EXCO Resources, Inc. and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, to employ KPMG LLP to provide auditing and tax
consulting services.

Services to be rendered by KMPG:

* Audit Services

     (a) audit of consolidated balance sheets of the Debtors as of
December 31, 2017 and 2016;

     (b) audit of the related consolidated statements of
operations, cash flows, and changes in shareholders' equity for
each of the years in the three-year period ending Dec. 31, 2017;

     (c) audit of the related notes to the financial statements;

     (d) audit of internal control over financial reporting as of
Dec. 31, 2017; and

     (e) follow procedures in connection with the Debtors'
emergence from bankruptcy, including but not limited to debt
restructuring, accounting considerations during and on emergence
from bankruptcy, fresh-start accounting, valuation of assets and
liabilities on emergence from bankruptcy, income tax matters
arising as a result of bankruptcy or other debt restructuring
activities as a result of bankruptcy.

* Tax Consulting Services

     (a) perform preliminary engagement planning activities related
to the tax returns specified on Attachment A of the March 3, 2017
engagement letter for the immediately succeeding tax year; and

     (b) provide tax consulting services regarding the Debtors'
2016 tax year including matters that may arise for which the
Debtors seek KPMG's advice, both written and oral.

* Tax Restructuring Services

     (a) analyze any Section 382 issues, including a sensitivity
analysis to reflect the Section 382 impact of the proposed and/or
hypothetical equity transactions pursuant to the restructuring and
analysis of Section 382(1)(5) and (1)(6);

     (b) analyze net unrealized built-in gains and losses and
Notice 2003-65 as applied to the ownership change, if any,
resulting from or in connection with the restructuring;

     (c) analyze Debtor's tax attributes including net operating
losses, tax basis in assets, and tax basis in stock of
subsidiaries;

     (d) analyze cancellation of debt income, including the
application of Section 108 and consolidated tax return regulations
relating to the restructuring of non-intercompany debt and the
completed capitalization/settlement of intercompany debt;

     (e) analyze the application of the attribute reduction rules
under Section 108(b) and Treasury Regulation Section l.1502-28,
including a benefit analysis of Section 108(b)(5) and 1017(b)(3)(D)
elections;

     (f) analyze the tax implications of any internal
reorganizations and proposal of restructuring alternatives;

     (g) plan cash tax modeling;

     (h) analyze the tax implications of any dispositions of assets
and/or subsidiary stock pursuant to the restructuring;

     (i) analyze potential bad debt and retirement tax losses;

     (j) analyze any proof of claims from tax authorities; and

     (k) analyze the tax treatment of bankruptcy-related costs.

KPMG and the Debtors have agreed to a fixed fee of $875,000.00 for
services relating to the Integrated Audit and the Quarterly Review
Services.

The hourly rates for any Out-of-Scope Services rendered by KPMG
are:

     Partners/Directors        $575 to $700
     Senior Managers/Managers  $400 to $650
     Senior Associates         $350 to $400
     Associates                $225 to $250

The hourly rates for tax consulting services to be rendered by KPMG
are:

     Partners/Managing Directors   $812 to $910
     Senior Managers               $728 to $785
     Managers                      $560 to $645
     Senior Associates             $420 to $545
     Associates                    $308 to $335
     Paraprofessionals                $168

The hourly rates for tax compliance services to be rendered by KPMG
are:

     Partners/Managing Directors      $464
     Senior Managers                  $416
     Managers                         $320
     Senior Associates                $240
     Associates                       $176
     Para-Professionals                $96
   
Kimberly A. Kesler, CPA, a partner at KPMG LLP, attests that KPMG
is a "disinterested person" as that term is defined in Section
101(14) of the Bankruptcy Code.

The firm can be reached at:

     Kimberly A. Kesler, CPA
     KPMG LLP
     2323 Ross Avenue, Suite 1400
     Dallas, TX 75201-2721
     Phone: +1 214 840 2000

                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


EXCO RESOURCES: Hires Latham & Watkins LLP as Special Counsel
-------------------------------------------------------------
EXCO Resources, Inc., and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, to employ Latham & Watkins LLP as special
counsel.

Sevices to be provided by Latham are:

     (a) provide corporate, employee benefits, environmental,
labor, tax, and other related advice to the Debtors in connection
with one or more sales of assets (including certain equity
interests) that the Debtors may conduct under Bankruptcy Code
Section 363;

     (b) prepare, on behalf of the Debtors, certain agreements and
documents relating to or in furtherance of the advice and matters
related to the Sales Transactions; and

     (c) provide corporate and other related advice to one or more
of the Debtors in connection with joint ventures in which they hold
membership interests.

Latham's current hourly rates are:

     Partners             $1,030 to $1,495
     Counsel                $990 to $1,450
     Associates             $535 to $1,045
     Paraprofessionals      $180 to $945
    
     Tim Fenn                  $1,350
     Robin S. Fredrickson      $1,250
     Jim Cole                  $1,005
     Elizabeth More              $975
     Chad Smith                  $930
     Cassy Romano                $755
     Greg Sorensen               $755
     David Rose                  $660
     Alice Parker                $660

Robin S. Fredrickson, a partner at the law firm of Latham &
Watkins, attests that Latham does not hold or represent an interest
adverse to the Debtors' estates, and Latham has no connection to
the Debtors, their creditors, or their related parties.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Robin S.
Fredrickson disclosed that:

     -- it has not agreed to any variations from, or alternatives
to, your standard or customary billing arrangements for this
engagement;

     -- none of the professionals included in the engagement vary
their rate based on the geographic location of the bankruptcy
case;

     -- Latham's hourly rates are subject to periodic adjustments
to reflect economic and other conditions.  

     -- the Debtor has approved the budget and staffing plan for
the period from the Petition Date through the date on which the
Sales Transactions and JV Matters are completed.

Latham adjusted its rates on Jan. 1, 2018:

        Partners           $1,030 to $1,495 an hour
        Counsel              $990 to $1,450 an hour
        Associates           $535 to $1,045 an hour
        Paraprofessionals    $180 to $945 an hour

The firm can be reached through:

         Robin S. Fredrickson
         LATHAM & WATKINSLLP
         811 Main Street, Suite 3700
         Houston, TX 77002
         Tel: (713) 546-7467
         Fax: (713) 546-5401
         E=mail: robin.fredrickson@lw.com

                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


EXCO RESOURCES: Hires Morgan Lewis as Special Litigation Counsel
----------------------------------------------------------------
EXCO Resources, Inc. and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, to hire Morgan, Lewis & Bockius LLP as their
special litigation counsel nunc pro tunc to January 15, 2018, in
connection with:

     a. Plaintiffs Enterprise Products Operating, LLC and Acadian
Gas Pipeline System v. Defendants EXCO Operating Company, LP, EXCO
Partners OLP GP, LLC, Raider Marketing, LP, Raider Marketing GP,
LLC, Steven L. Estes, Harold Hickey, and Bluescape Resources
Company, LLC v. Third Party Defendants Enterprise Products OLPGP,
Inc. and TXOAcadian Gas Pipeline LLC, In the District Court of
Harris County, Texas 157th Judicial District, Cause No.
2016-60848;

     b. Raider Marketing, LP, EXCO Resources, Inc., EXCO Operating
Company, LP, and EXCO Land Company, LLC v. Chesapeake Energy
Marketing, LLC and Chesapeake Energy Corporation, In the United
States District Court for the Northern District of Texas Dallas
Division, Civil Action No. 3:17-CV-1516-N.; and

     c. such other matters as the Debtors may from time to time
seek the assistance of Morgan Lewis.

Morgan Lewis' current hourly rates:

     Partner ---                  $640 to $940
     -----------------------------------------
     Winstol D. Carter, Jr.    $940
     David J. Levy             $790
     Ann Marie Arcadi          $690
     Kirstin E. Gibbs          $680
     Craig Stanfield           $640
     Gregory Jackson           $640

     Of Counsel & Associates ---  $325 to $605
     -----------------------------------------
     Claire Swift Kugler       $605
     Aaron Christian           $585
     John Deck                 $585
     Mary Susan Formby         $585
     Chad Stewart              $535
     Jennifer Mott Williams    $510
     Jillian Harris            $480
     Cullen Pick               $390
     Thoth Weeda               $325
     Christopher Jackson       $325

     Paralegals ---               $240 to $260
     -----------------------------------------
     Daryl Lerner              $260
     Wayne Maydwell            $240

     Contract Attorneys ---               $145  
     -----------------------------------------

Winstol D. Carter, a partner of the law firm of Morgan, Lewis &
Bockius LLP, attests that Morgan Lewis does not represent any
interest adverse to the Debtors or their estates with respect to
the matters on which Morgan Lewis is to be engaged, as required by
section 327(e) of the Bankruptcy Code and Morgan Lewis has no
connection to the Debtors, their creditors, or other parties in
interest.

In accordance with Appendix B-Guidelines for Reviewing Applications
for Compensation and Reimbursement of Expenses Filed under 11
U.S.C. Sec. 330 for Attorneys in Larger Chapter 11 Cases, Winstol
D. Carter disclosed that:

     -- Morgan Lewis is billing Debtors at rates discounted from
Morgan Lewis's standard rates by approximately 12.5%;

     -- Morgan Lewis professionals will not vary their rate based
on the geographic location of the Debtors' chapter 11 cases;

     -- Morgan Lewis's rates have remained the same for the 12
months preceding the filing of the bankruptcy petition; and

     -- The Debtors have approved the use of the legal
professionals on the Litigation Matters and also approve the
litigation strategy in those matters.

The firm can be reached through:

     Winstol D. Carter, Jr.
     Morgan, Lewis & Bockius LLP
     1000 Louisiana Street, Suite 4000
     Houston, TX 77002
     Tel: +1 713-890-5000
     Fax: +1 713-890-5001
     E-mail: winn.carter@morganlewis.com

                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


EXCO RESOURCES: Hires PJT Partners LP as Investment Banker
----------------------------------------------------------
EXCO Resources, Inc., and its debtor-affiliates seek authority from
the U.S. Bankruptcy Court for the Southern District of Texas,
Houston Division, to hire PJT Partners LP as their investment
banker.

Services to be provided by PJT:

     a. assist the Debtors in evaluating the Debtors' businesses
and prospects;

     b. assist the Debtors in developing the Debtors' long-term
business plan and related financial projections;

     c. assist the Debtors in developing financial data and
presentations to the Debtors' Board of Directors, various
creditors, and other third parties;

     d. analyze the Debtors' financial liquidity and evaluate
alternatives to improve such liquidity;

     e. analyze various restructuring scenarios and the potential
impact of these scenarios on the recoveries of those stakeholders
impacted by the restructuring;

     f. provide strategic advice with regard to restructuring or
refinancing the Debtors' Obligations;

     g. evaluate the Debtors' debt capacity and alternative capital
structures;

     h. participate in negotiations among the Debtors and their
creditors, suppliers, lessors, and other interested parties;

     i. value securities offered by the Debtors in connection with
a Restructuring;

     j. advise the Debtors and negotiate with lenders with respect
to potential waivers or amendments of various credit facilities;

     k. assist in arranging financing for the Debtors, as requested
by the Debtors;

     l. provide expert witness testimony to the extent appropriate
and requested by the Debtors;

     m. assist the Debtors in preparing marketing materials in
conjunction with a possible sale, merger or other disposition of
all or a material portion of the Debtors or a material asset;

     n. assist the Debtors in identifying potential buyers or
parties in interest to a Transaction and assist in any due
diligence process;

     o. assist and advise the Debtors concerning the terms,
conditions, and impact of any proposed Transaction; and

     p. provide such other advisory services as are customarily
provided in connection with the analysis and negotiation of a
Restructuring or Transaction, as requested and mutually agreed to
by the Debtors and PJT.

PJT Fee Structure:

     (a) Monthly Fee: The Debtors will pay PJT a monthly advisory
fee in the amount of $175,000, per month, in cash, with the first
Monthly Fee payable upon the execution of the Engagement Letter by
both parties and additional installments of such Monthly Fee
payable in advance on each monthly anniversary of the Effective
Date.  Fifty percent of all monthly fees paid after the 12th
Monthly Fee payment shall be credited against the Restructuring
Fee;

     (b) Capital Raising Fee: The Debtors will pay PJT a capital
raising fee for any financing arranged by PJT, at the Debtors'
request, earned and payable upon receipt of a binding commitment
letter;

     (c) Restructuring Fee: The Debtors will pay PJT an additional
fee equal to $6,250,000 upon consummation of a Restructuring;

     (d) Transaction Fee: Upon the consummation of a Transaction,
the Debtors will pay PJT a Transaction fee payable in cash at the
closing of such Transaction directly out of the gross proceeds of
such Transaction calculated as (a) 1% of the lesser of $100,000,000
and the Transaction Value,7 plus (b) 0.75% of the Transaction Value
in excess of $100,000,000, if any; provided, that each Transaction
Fee shall be no less than $1,500,000; provided further that, unless
specifically requested in writing by the Debtors to provide
financial advisory services with respect to a sale of any of the
Debtors' oil and gas properties and surface acreage in Dimmit,
Frio, and Zavala counties in Texas, PJT shall not be entitled to a
Transaction Fee in respect of any sale of such assets;

     (e) Expense Reimbursement: The Debtors will reimburse PJT for
all reasonable and documented out-of-pocket expenses incurred
during this engagement, including, but not limited to, travel and
lodging, direct identifiable data processing, document production,
publishing services and communication charges, courier services,
working meals, reasonable fees and expenses of PJT's counsel and
other necessary expenditures, payable upon rendition of invoices
setting forth in reasonable detail the nature and amount of such
expenses.

Michael O'Hara, a partner at the Restructuring and Special
Situations Group at PJT Partners, attests that PJT is a
"disinterested person" as defined in Section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

         Michael O'Hara
         PJT PARTNERS LP
         280 Park Avenue
         New York, NY 10017
         Phone: +1 212-364-7800

                      About EXCO Resources

EXCO Resources, Inc. (otc pink:XCOO) --
http://www.excoresources.com/-- is an oil and natural gas
exploration, exploitation, acquisition, development and production
company headquartered in Dallas, Texas with principal operations in
Texas, North Louisiana and the Appalachia region.  EXCO's
headquarters are located at 12377 Merit Drive, Suite 1700, Dallas,
TX 75251.

EXCO Resources, Inc., and 14 of its affiliates sought Chapter 11
protection (Bankr. S.D. Tex. Lead Case No. 18-30155) on Jan. 15,
2018.  EXCO disclosed total assets of $829.1 million and total debt
of $1.355 billion as of Sept. 30, 2017.

The Debtors' cases have been assigned to the Honorable Marvin
Isgur.

The Debtors tapped Gardere Wynee Sewell LLP, and Kirkland & Ellis
LLP, as bankruptcy counsel; PJT Partners LP as financial advisor;
Alvarez & Marsal North America, LLC, as restructuring advisor; and
Epiq Bankruptcy Solutions, LLC, as claims agent.

An official committee of unsecured creditors has been appointed in
the case.  The committee is represented by lawyers at Jackson
Walker and Brown Rudnick.


FALLBROOK TECHNOLOGIES: Case Summary & 30 Top Unsecured Creditors
-----------------------------------------------------------------
Lead Debtor: Fallbrook Technologies Inc.
                aka NuVinci Cycling
                aka Enviolo
             505 Cypress Creek Road, Suite L
             Cedar Park, TX 78613

Type of Business: Fallbrook Technologies Inc. --
                  http://www.fallbrooktech.com-- is a privately
                  held technology developer and manufacturer.  Its

                  initial commercial product, a continuously
                  variable transmission (CVT) for bicycles, is now
                  in its second generation as the NuVinci N360.
                  The Company recently introduced NuVinci
                  Harmony, an automatic shifting system for use
                  with the bicycle CVT and is developing
                  applications incorporating NuVinci technology
                  for other product areas both directly and
                  through licensing agreements.  The other product
                  areas currently include automotive accessory
                  drives, electric vehicles, lawn and garden
                  equipment and wind energy.  Fallbrook
                  Technologies Inc. is headquartered in Cedar
                  Park, Texas, near Austin.  The company also has
                  selected manufacturing operations in China and a
                  sales organization in Europe.

Chapter 11 Petition Date: February 26, 2018

Affiliates that simultaneously filed Chapter 11 petitions:

      Debtor                                      Case No.
      ------                                      --------
      Fallbrook Technologies Inc. (Lead Debtor)   18-10384
      Fallbrook Technologies International Co.    18-10385
      Hodyon, Inc.                                18-10386
      Hodyon Finance, Inc.                        18-10387

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Mary F. Walrath

Debtors'
General
Bankruptcy
Counsel:          Ned S. Schodek, Esq.
                  Jordan A. Wishnew, Esq.
                  SHEARMAN & STERLING LLP
                  599 Lexington Avenue
                  New York, New York 10022
                  Tel: (212) 848-4000
                  Fax: (646) 848-8174
                  E-mail: ned.schodek@shearman.com
                         jordan.wishnew@shearman.com


Debtors'
Local
Bankruptcy
Counsel:          Pauline K. Morgan, Esq.
                  Kenneth J. Enos, Esq.
                  Jaime Luton Chapman, Esq.
                  Betsy L. Feldman, Esq.
                  YOUNG CONAWAY STARGATT & TAYLOR, LLP
                  Rodney Square
                  1000 North King Street
                  Wilmington, Delaware 19801
                  Tel: (302) 571-6600
                  Fax: (302) 571-1253
                  E-mail: pmorgan@ycst.com
                          kenos@ycst.com
                          bfeldman@ycst.com
                          jchapman@ycst.com

Debtors'
Notice,
Claims
Agent &
Administrative
Advisor:           EPIQ BANKRUPTCY SOLUTIONS, LLC
                   Web site:
                   http://dm.epiq11.com/#/case/FTE/dockets

Lead Debtor's
Estimated Assets: $50 million to $100 million

Lead Debtor's
Estimated Debt: $100 million to $500 million

The petitions were signed by Roy Messing, chief restructuring
officer.

A full-text copy of Fallbrook Technologies' petition is available
for free at http://bankrupt.com/misc/deb18-10384.pdf

Consolidated List of Debtors' 30 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
LTS Capital Partners-                Convertible       $5,407,813
Fallbrook VI, LLC                    Noteholder
Attn: Rick Intrater
104 Tiburon Blvd, Suite 200
Mill Valley, CA 94941
Tel: 650 804-4000

Tri Star Security Pte Ltd            Trade Debt        $4,538,011
50 Raffles Place
32-01 Singapore Land Tower
Singapore 048623 Singapore

Allison Transmission, Inc.           Convertible       $3,804,241
Attn: VP, General Counsel and        Noteholder/
Secretary                            Bridge
One Allison Way                      Noteholder
Indianapolis, IN 46204
Tel: 317-242-5000
Email: rickltscapital.org

LTS Capital Partners -               Convertible        $1,635,184
Fallbrook VII, LLC                   Noteholder
Attn: Rick Intrater
104 Tiburon Blvd, Suite 200
Mill Valley, CA 94941
Tel: 650-804-4000

Xavier Mosquet                        Convertible       $1,351,952

855 Shirley Rd                        Noteholder
Birmingham, MI 48009

NGEN III, L.P.                        Convertible         $549,980
Attn: Peter Grubstein                 Noteholder/
733 Third Avenue, 18th Floor          Bridge
New York, NY 10017                    Noteholder
Tel: 805-636-9547
Email: grubsteinngenpartners.com

Desiree Mincarelli                    Convertible         $506,982
4 Av. Des Ligures                     Noteholder
Montecarlo 98000 Monaco

AUS LLC                               Convertible         $328,303
Attn: Russell Lewis                   Noteholder
360 E. Desert Inn Road 1802
Las Vegas, NV 89109
Email: rlewisrhinolinings.com

Weiss Family Trust 62888              Convertible         $325,407
8481 Rancho Del Mar Trail             Noteholder
San Diego, CA 92130

Madison Ventures, LLC                 Convertible         $270,390
Attn: Lee Davis                       Noteholder/
2400 E. Cherry Creek Drive            Bridge
South 406                             Noteholder
Denver, CO 80209
Tel: 917-494-4379
Email: leeldavis.com

Ira M. Lechner and Winifred           Convertible         $270,390
Eileen Haag Trustees                  Noteholder
Ira M. Lechner and Winifred
Eileen Haag
Family Trust DTD 12100
19811 4th Place
Escondido, CA 92029


Dana Holding Corporation              Trade Debt          $220,336
Email: ed.greifdana.com

Woolf Family Trust Dated              Convertible         $171,698
April 16, 1991                        Noteholder

Vittorio Grimaldi                     Convertible         $168,993
                                      Noteholder

Lee H. Davis Legacy Trust             Convertible         $135,195
Email: leeldavis.com                  Noteholder

Lee H. Davis Legacy Trust             Convertible         $135,195
Email: leeldavis.com                  Noteholder

Applied Micro Electronics             Trade Debt          $130,255
Email: infoame.nu

Millenium Trust Company               Convertible         $116,268
                                      Noteholder

Harold Feder                          Convertible          $60,837
                                      Noteholder/
                                      Bridge
                                      Noteholder

Lee H. Davis, Trustee of the          Convertible          $55,016
Lee H. Davis Revocable Trust          Noteholder

Ascendant Engineering                 Trade Debt           $43,357
Solutions, LLC
Email: mdigbyaesaustin.com

Less Rain                             Trade Debt           $38,488
Email: larslessrain.com

Novo PLM Inc.                         Trade Debt           $37,995
Email: infonovoplm.com

Roy L. Bliss                          Convertible          $33,799
                                      Noteholder

Express Information Systems, Inc.     Trade Debt           $17,331

Robert Sherr                          Convertible          $16,223
                                      Noteholder

SILS                                  Trade Debt           $12,626
Email: infoSILS.nl

Champions Machine Tool Sales, Inc.    Trade Debt           $12,284

Expeditors International BV           Trade Debt            $9,821
   

VAK Media Net                         Trade Debt            $9,646


FARGO TRUCKING: Committee Taps CohnReznick as Financial Advisor
---------------------------------------------------------------
The official committee of unsecured creditors of Fargo Trucking
Company, Inc. seeks approval from the U.S. Bankruptcy Court for the
Central District of California to hire CohnReznick LLP as its
financial advisor.

The firm will assist in the preparation of a bankruptcy plan;
review the Debtor's forecasts and budgets; review key motions to
identify strategic financial issues in its Chapter 11 case; provide
forensic accounting services; report to the committee regarding the
Debtor's operating results and cash flows; and provide other
services related to the case.

CohnReznick has agreed to a 10% discount on its normal hourly
rates.  Its normal hourly rates range from $610 to $815 for
partners and managing directors; $450 to $650 for managers, senior
managers and directors; and $300 to $440 for other professional
staff.  Paraprofessionals charge $205 per hour.

The CohnReznick professionals who will be proving the services
are:

                                             Normal   Discounted
                                              Rates     Rates
                                             ------   ---------
     Kevin Clancy       Partner               $775      $697
     Vinni Toppi        Director              $650      $585
     Brian Choi         Senior Manager        $600      $540
     Fernando Sosa      Senior Manager        $600      $540
     Mitchell Insero    Senior                $425      $382
     Ying Zheng         Senior                $425      $382
     Paula Lourenco     Paraprofessional      $205      $184

Kevin Clancy, a partner at CohnReznick, disclosed in a court filing
that his firm is a "disinterested person" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Kevin P. Clancy
     CohnReznick, LLP
     4 Becker Farm Road
     P.O. Box 954
     Roseland, NJ 07068-0954
     Phone: 973-228-3500
     Fax: 973-228-0330
     E-mail: Kevin.Clancy@CohnReznick.com

                   About Fargo Trucking Company

Fargo Trucking Company, Inc., is Compton, California-based company
that provides trucking services.

Fargo Trucking sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 17-23714) on Nov. 6, 2017.  In the
petition signed by CEO Robert Wallace, the Debtor estimated assets
of less than $500,000 and liabilities of $1 million to $10
million.

Judge Neil W. Bason presides over the case.

David R. Haberbush, Esq., Vanessa M. Haberbush, Esq., and Lane K.
Bogard, Esq., at Haberbush & Associates, LLP, serve as the Debtor's
bankruptcy counsel.

The Office of the U.S. Trustee appointed an official committee of
unsecured creditors in the Debtor's case.  The Committee retained
Levene, Neale, Bender, Yoo & Brill LLP as its legal counsel.


FC GLOBAL: Falls Short of NASDAQ's $1 Bid Price Rule
----------------------------------------------------
FC Global Realty Incorporated, formerly PhotoMedex, Inc., received
written notification from The NASDAQ Stock Market LLC that the
closing bid price of its common stock had been below the minimum
$1.00 per share for the previous 30 consecutive business days, and
that the Company is therefore not in compliance with the
requirements for continued listing on the NASDAQ Capital Market
under NASDAQ Marketplace Rule 5550(a)(2).  The Notice provides the
Company with an initial period of 180 calendar days, or until Aug.
19, 2018, to regain compliance with the listing rules.  The Company
will regain compliance if the closing bid price of its common stock
is $1.00 per share or higher for a minimum period of ten
consecutive business days during this compliance period, as
confirmed by written notification from NASDAQ.

If the Company does not achieve compliance by Aug. 19, 2018, the
Company expects that NASDAQ would provide notice that its
securities are subject to delisting from the NASDAQ Capital
Market.

The Company said it will continue to monitor the closing bid price
for its common stock and to assess its options for maintaining the
listing of its common stock on the Nasdaq Capital Market in light
of this Notice.  The Company will consider all available options to
regain compliance with the minimum bid requirements, including an
application to NASDAQ for an extension of the compliance period or
an appeal to a Hearings Panel should its closing bid price not have
regained compliance during the compliance period.

                     About FC Global Realty

Formerly known as PhotoMedex, Inc., FC Global Realty Incorporated
(and its subsidiaries) re-incorporated in Nevada on Dec. 30, 2010,
originally formed in Delaware in 1980, is a real estate investment
company holding or in the process of acquiring investments in a
variety of current and future real estate projects, including
residential developments, hotels and resort communities and
commercial properties including gas station sites.  The company is
headquartered in New York, NY.

PhotoMedex reported a loss of $13.26 million in 2016 following a
loss of $34.55 million in 2015.  As of Sept. 30, 2017, FC Global
had $14.06 million in total assets, $9.03 million in total
liabilities and $5.03 million in total stockholders' equity.
  
Fahn Kanne & Co. Grant Thornton Israel, in Tel-Aviv, Israel, issued
a "going concern" opinion on the consolidated financial statements
for the year ended Dec. 31, 2016, citing that as of Dec. 31, 2016,
the Company had an accumulated deficit of $115.6 million and
shareholders' deficit of $1.40 million.  Also, during the most
recent periods the Company has incurred losses and negative cash
flows from continuing operations and was forced to sell certain
assets and business units to obtain additional liquidity resources
to support its operations.  In addition, on Jan. 23, 2017, the
Company completed the sale of its consumer products division which
represented the sale of substantially all of the remaining
operations and assets of the Company.  These conditions, along with
other matters, raise substantial doubt about the Company's ability
to continue as a going concern.


FIRESTAR DIAMOND: Voluntary Chapter 11 Case Summary
---------------------------------------------------
Affiliates that filed voluntary petitions seeking relief under
Chapter 11 of the Bankruptcy Code:

     Debtor                                        Case No.
     ------                                        --------
     Firestar Diamond, Inc.                        18-10509
        fka Firestone, Inc.
        fka Next Diamond, Inc.
     592 Fifth Avenue, 3rd Floor
     New York, NY 10036

     A. Jaffe, Inc.                                18-10510
        fka Sandberg & Sikorski Corp.
        dba Sandberg & Sikorski
        dba A. Jaffe
        dba Firestar Fine Jewelry
        dba Preferred 105
     592 Fifth Avenue, 3rd Floor
     New York, NY 10036

     Fantasy, Inc.                                 18-10511
     592 Fifth Avenue, 3rd Floor
     New York, NY 10036

Type of Business: Firestar Diamond procures, designs,
                  manufactures, and distributes diamond-studded
                  jewelry.  Firestar Diamond's operations span
                  the USA, Europe, the Middle East, the
                  Far East and India.  The Company employs over
                  1200 people.  Firestar Diamond has offices in
                  Mumbai, Surat, New York, Chicago, Johannesburg,
                  Antwerp, Yerevan, Dubai, and Hong Kong.  A.
                  Jaffe, Inc., a subsidiary of Firestar Diamond,
                  designs and manufacturers wedding rings and
                  wedding bands.  

                  http://www.firestardiamond.com/
              
Chapter 11 Petition Date: February 26, 2018

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Judge: Hon. Sean H. Lane

Debtors' Counsel: Ian R. Winters, Esq.
                  KLESTADT WINTERS JURELLER SOUTHARD & STEVENS,
LLP
                  Southard & Stevens, LLP
                  200 West 41st Street, 17th Floor
                  New York, NY 10036
                  Tel: (212) 972-3000
                  Fax: (212) 972-2245
                  E-mail: iwinters@klestadt.com

Assets and Liabilities:

                        Estimated             Estimated
                          Assets             Liabilities
                       ----------            ------------
Firestar Diamond   $50 mil.-$100 million   $50 mil.-$100 million
A. Jaffe, Inc.     $10 mil.-$50 million    $10 mil.-$50 million
Fantasy, Inc.      $10 mil.-$50 million     $1 mil.-$10 million

The petitions were signed by Mihir Bhansali, president.

The Debtors failed to incorporate in the petitions lists of their
20 largest unsecured creditors.

Full-text copies of the petitions are available for free at:

            http://bankrupt.com/misc/nysb18-10509.pdf
            http://bankrupt.com/misc/nysb18-10510.pdf
            http://bankrupt.com/misc/nysb18-10511.pdf


FOX PROPERTY: Taps Levene Neale as Legal Counsel
------------------------------------------------
Fox Property Holdings, LLC, seeks approval from the U.S. Bankruptcy
Court for the Central District of California to hire Levene, Neale,
Bender, Yoo & Brill LLP as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; conduct examinations of claimants or witnesses;
help the Debtor obtain financing; assist in the preparation of a
plan of reorganization; and provide other legal services related to
its Chapter 11 case.

The firm's hourly rates for its attorneys range from $425 to $595.
Paraprofessionals charge $250 per hour.  Levene has agreed to
accept a retainer in the sum of $75,000 for legal services.

Timothy Yoo, Esq., a partner at Levene, disclosed in a court filing
that his firm does not hold or represent any interest adverse to
the Debtor's bankruptcy estate, creditors and equity security
holders.

Levene can be reached through:

         Timothy J. Yoo, Esq.
         Juliet Y. Oh, Esq.
         Levene, Neale, Bender, Yoo & Brill LLP
         10250 Constellation Boulevard, Suite 1700
         Los Angeles, CA 90067
         Tel: (310) 229-1234
         Fax: (310) 229-1244
         E-mail: tjy@lnbyb.com
                 jyo@lnbyb.com

                   About Fox Property Holdings

Fox Property Holdings, LLC, owns a commercial real property in San
Bernardino, California.  The property consists of various buildings
utilized as a school and dormitory campus and is located on
approximately 4.66 acres of land.  The company's headquarter is
located at 12803 Schabarum Avenue, Irwindale, California.  Dr. Ji
Li is the managing member and 100% equity holder of the company.  

Fox Property Holdings sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. C.D. Cal. Case No. 18-10524) on Jan. 17,
2018.  In the petition signed by Ji Li, managing member, the Debtor
estimated assets of $10 million to $50 million and liabilities of
$1 million to $10 million.  Judge Robert N. Kwan presides over the
case.


GATES COMMUNITY: Case Summary & 9 Unsecured Creditors
-----------------------------------------------------
Debtor: Gates Community Chapel of Rochester, Inc.
           dba Freedom Village USA
        PO Box 24
        Lakemont, NY 14857

Business Description: Freedom Village is a mid-sized religious
                      organization located in Lakemont, New York.
                      Founded in 1977, Freedom Village is an
                      international ministry to young people and
                      their families.  Freedom Village claims to
                      be a completely "faith based ministry" and
                      receives no government support from either
                      the US or Canada.  

                      https://www.freedomvillageusa.com/

Chapter 11 Petition Date: February 23, 2018

Case No.: 18-20169

Court: United States Bankruptcy Court
       Western District of New York (Rochester)

Judge: Hon. Warren, U.S.B.J.

Debtor's Counsel: Mike Krueger, Esq.
                  DIBBLE & MILLER, P.C.
                  55 Canterbury Rd.
                  Rochester, NY 14607
                  Tel: 585-271-1500
                  Fax: 585-271-0118
                  E-mail: mjk@dibblelaw.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Fletcher A. Brothers, president.

A full-text copy of the petition containing, among other items, a
list of the Debtor's nine unsecured creditors is available for free
at http://bankrupt.com/misc/nywb18-20169.pdf


GEM ACQUISITION: S&P Affirms 'B' ICR, Off CreditWatch Negative
--------------------------------------------------------------
S&P Global Ratings said it affirmed its 'B' long-term issuer credit
ratings on managed care firm Gem Acquisition Inc. and intermediate
holding company GENEX Holdings Inc. (collectively Genex) and
removed them from CreditWatch Negative, where they were initially
placed February 9th . The outlook is stable.

S&P said, "At the same time, we assigned Genex's proposed $415
million first-lien credit facility ($50 million revolver due in
2023 and $365 million first-lien debt due in 2025) our 'B' debt
rating with a recovery rating of '3'. We also assigned the proposed
$120 million second-lien term loan due in 2026 our 'CCC+' debt
rating with a recovery rating of '6'.

"Genex's recapitalization and ownership change does not materially
change our view of its credit profile. Leverage increases very
slightly post transaction, but we expect credit protection measures
to remain within our rating expectations."

Stone Point had previously owned Genex from 2007-2014 when Genex
expanded its business services and grew revenues to $395 million
from $189 million. S&P expects no major change in Genex's strategy,
as it believes it will continue to focus on organic growth
opportunities and look for small tuck-in acquisitions that could
complement its current service offering.

S&P said, "The stable outlook on Genex reflects our expectation
that the company will retain its major client base and successfully
integrate newly acquired businesses that will foster steady revenue
growth in the mid-single digits in the next two years. We also
expect EBITDA margins to remain steady in 2018 with leverage in the
6.7x-7.2x range in 2018 and EBITDA coverage above 2x."


GFL ENVIRONMENTAL: Moody's Affirms B2 CFR; Outlook Negative
-----------------------------------------------------------
Moody's Investors Service affirmed GFL Environmental Inc.'s B2
corporate family rating (CFR), B2-PD probability of default rating,
Ba2 senior secured term loan B ratings, and B3 senior unsecured
notes ratings, and assigned a B3 rating to its proposed $400
million senior unsecured notes. The ratings outlook was changed to
negative from stable.

Net proceeds from the notes issue will be used to repay revolver
drawings (C$210 million), fund acquisitions (C$170 million), and
return excess cash to the balance sheet (C$115 million).

"The outlook is negative because it is likely that leverage
(adjusted Debt/EBITDA) will be sustained above 6x in 2018 (pro
forma 6.4x), which is not in line with Moody's expectation for the
B2 CFR " said Peter Adu, Moody's AVP.

Ratings Affirmed:

Corporate Family Rating, B2

Probability of Default Rating, B2-PD

C$130 million senior secured term loan B due 2023, Ba2 (LGD2)

$370 million senior secured term loan B due 2023, Ba2 (LGD2)

$500 million 9.875% senior unsecured notes due 2021, B3 (LGD5)

$350 million 5.625% senior unsecured notes due 2022, B3 (LGD5)

Rating Assigned:

$400 million senior unsecured notes due 2023, B3 (LGD5)

Outlook:

Changed to Negative from Stable

RATINGS RATIONALE

GFL's B2 CFR primarily reflects risks with its aggressive
acquisition growth strategy together with Moody's expectation that
leverage will not improve in the next 12 months (6.4x pro forma for
the proposed refinance transaction and pending acquisitions, and
remaining above 6x in 2018). The rating also reflects the short
time frame between acquisitions and potential for integration
risks, lack of a track record of organic growth, and GFL's
ownership by private equity, which hinders deleveraging and also
creates future event risk with financial policies. The rating
considers the company's diversified business model with high
recurring revenue supported by long term contracts and its good
market position in the stable Canadian non-hazardous waste
industry. The rating also recognizes that the company's EBITDA
margins compare favorably with those of its investment grade rated
industry peers.

GFL has adequate liquidity. The company's sources of liquidity
exceed C$560 million compared to about C$6 million of term loan
amortization in the next four quarters and an estimated C$350
million to fund potential acquisitions. When the refinance
transaction closes, GFL's liquidity will be supported by cash of
C$128 million, expected free cash flow in excess of C$50 million in
the next four quarters (which excludes acquisitions), and about
C$390 million of availability under its C$440 million revolving
credit facility due 2021 (includes $50 million LC facility).
Moody's expects a significant portion of the company's liquidity to
be used to fund future acquisitions. GFL's revolver is subject to
leverage and coverage covenants, which Moody's expects will have at
least 15% cushion through the next 4 quarters. GFL has limited
flexibility to generate liquidity from asset sales as its assets
are encumbered.

The negative outlook reflects Moody's concern with GFL's aggressive
acquisition strategy which may mean that the company will not
delever below 6x nor increase EBIT/Interest coverage above 1x.

The rating could be upgraded if GFL sustained adjusted Debt/EBITDA
towards 4x (pro forma 6.4x for 2017) and EBIT/Interest towards 2x
(0.3x for 2017). Consistent organic revenue growth and maintenance
of good liquidity are added attributes for upgrade consideration.

The rating could be downgraded if adjusted Debt/EBITDA is sustained
above 6x (pro forma 6.4x for 2017) and EBIT/Interest below 1x (0.3x
for 2017). A material decline in GFL's EBITDA margin due to
challenges integrating acquisitions, or negative free cash flow
generation on a consistent basis would also cause a downgrade.

The principal methodology used in these ratings was Environmental
Services and Waste Management Companies published in June 2014.

GFL Environmental Inc., headquartered in Toronto, provides solid
waste and liquid waste collection, treatment and disposal solutions
and soil remediation services to municipal, industrial and
commercial customers in Canada. GFL also provides solid waste
collection and commercial recycling services in Southeastern
Michigan. Pro forma for acquisitions, revenue approaches C$1.5
billion. GFL is owned by HPS Investment Partners, Macquarie
Infrastructure Partners, Patrick Dovigi, the founder and CEO, and
certain other minority investors.


GIGA-TRONICS INC: Names Lutz Henckels EVP and Interim CFO
---------------------------------------------------------
Giga-tronics Incorporated has appointed Dr. Lutz P. Henckels as
executive vice president and interim chief financial officer,
effective Feb. 23, 2018.  In conjunction with the appointment of
Dr. Henckels, the Company also announced the departure of Temi
Oduozor, who resigned as controller to pursue a new opportunity,
effective Feb. 23.  As a result of Ms. Oduozor's resignation, Dr.
Henckels will also assume the role of principal financial &
accounting officer until such time as a permanent successor is
appointed.  In his new role, Dr. Henckels will report to the
Company's CEO, John Regazzi, and will be responsible for finance &
administration and fund-raising activities, along with assisting
Mr. Regazzi in other areas as needed.  Dr. Henckels will also
continue to serve as a member of the Company's Board of Directors.

Dr. Henckels, who joined the Company's Board of Directors in 2011,
is a managing member of Alara Capital AVI II, an investor in the
Company.  Dr. Henckels has over 20 years' experience serving as
chief executive officer of both public and private technology
companies including, among others, LeCroy Corporation and most
recently as Chairman and chief executive officer of HiQ Solar, Inc.
Dr. Henckels also holds a Bachelor of Science and Master of
Science in Electrical Engineering and PhD in Computer Science from
the Massachusetts Institute of Technology.  Dr. Henckels is also a
graduate of the OMP program of Harvard Business School.

Dr. William Thompson, the Company's Chairman said, "I'm delighted
that a person of Lutz's caliber and experience is joining the
Company in a senior management role on a full-time basis.  He's an
exceptional leader who's also known for his attention to detail and
knowledge in the operational and financial aspects of business,
along with his ability to drive sales."

John Regazzi, the Company's CEO added, "I've appreciated Lutz's
insights and guidance as a board member these past seven years and
I'm excited to now be working with him on a full-time basis and
look forward to his new leadership in finance and fund raising as
well as contributions in other areas of the business."

Dr. Henckels said, "The management team has accomplished a great
deal these past few years, completing the difficult transition from
a General Purpose Test Equipment supplier to a focused Radar/EW
Test solution provider.  With this transition, the Company has
greatly improved its opportunity of higher product gross margins
while significantly reducing its operating expenses."  Dr. Henckels
added, "My focus will be to move the Company forward, developing
strategic partnerships, raising needed capital, and achieving
profitability during our fiscal year 2019 which begins April 1,
2018."

Mr. Henckels' complete compensation has not been finalized,
however, his initial base salary is $200,000 per annum.  Management
expects his compensation to also include equity incentives
commensurate with his position with the Company and eligibility
with other members of the management team to participate in any
performance-based bonuses the Board may authorize.

                      About Giga-tronics

Headquartered in Dublin, California, Giga-tronics Incorporated
produces electronic warfare instruments used in the defense
industry and YIG RADAR filters used in fighter jet aircraft.  It
designs, manufactures and markets the new Advanced Signal Generator
(ASG) for the electronic warfare market, and switching systems that
are used in automatic testing systems primarily in aerospace,
defense and telecommunications.

Giga-tronics reported a net loss of $1.54 million on $16.26 million
of net sales for the fiscal year ended March 25, 2017, compared to
a net loss of $4.10 million on $14.59 million of net sales for the
year ended March 26, 2016.

As of Dec. 30, 2017, Giga-Tronics had $8.17 million in total
assets, $8.76 million in total liabilities and a total
shareholders' deficit of $586,000.


GLOBAL HOTEL: Case Summary & 20 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Global Hotel International, LLC
        134 Old Winnfield Hwy.
        Jonesboro, LA 71251

Business Description: Global Hotel International, LLC, a
                      Single Asset Real Estate (as defined in 11
                      U.S.C. Section 101(51B)), is a provider
                      of traveler accommodation in Jonesboro,
                      Louisiana.  It is the fee simple owner
                      of a real property located 144 Old Winnsboro
                      Rd. (consisting of 1.65 acres of land,
                      hotel, FF&E), valued by the Company at $4.10
                      million.

Chapter 11 Petition Date: February 26, 2018

Court: United States Bankruptcy Court
       Western District of Louisiana (Monroe)

Case No.: 18-30342

Judge: Hon. Jeffrey P. Norman

Debtor's Counsel: Bradley L. Drell, Esq.
                  GOLD, WEEMS, BRUSER, SUES & RUNDELL
                  POB 6118
                  Alexandria, LA 71307-6118
                  Tel: (318) 445-6471
                  E-mail: bdrell@goldweems.com

Total Assets: $5.37 million

Total Liabilities: $4.39 million

The petition was signed by Herbert Simmons, managing partner.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at: http://bankrupt.com/misc/lawb18-30342.pdf


GRACE SOLUTIONS: Case Summary & 2 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Grace Solutions, LLC
           dba Grace Solution, LLC
        1200 East North Ave
        Baltimore, MD 21202

Business Description: Grace Solutions, LLC listed itself as
                      a Single Asset Real Estate (as defined in 11
                      U.S.C. Section 101(51B)), whose principal
                      assets are located at 3333 Frederick Blvd
                      Baltimore, MD 21229.  The Company is
                      affiliated with Debtors Gbamgbade & Abimbola
                      Daramola (Bankr. D. M.D. Case No. 17-26345),

                      Macro Concept, LLC (Bankr. D. M.D. Case No.
                      17-26359), and Olaide Daramola (Bankr. D
                      M.D. Case No. 16-21657).

Chapter 11 Petition Date: February 26, 2018

Case No.: 18-12428

Court: United States Bankruptcy Court
       District of Maryland (Baltimore)

Judge: Hon. Nancy V. Alquist

Debtor's Counsel: Richard S. Basile, Esq.
                  RICHARD BASILE, ESQ.
                  6305 Ivy Lane, Ste. 416
                  Greenbelt, MD 20770
                  Tel: (301) 441-4900
                  Fax: (301) 441-2404
                  E-mail: rearsb@gmail.com

Estimated Assets: $1 million to $10 million

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

The petition was signed by Olaide Daramola and Abimbola Daramola,
owners.

A full-text copy of the petition, containing a list of the Debtor's
two unsecured creditors, is available for free at

           http://bankrupt.com/misc/mdb18-12428.pdf


GREENTECH AUTOMOTIVE: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Lead Debtor: GreenTech Automotive, Inc.
             21355 Ridgetop Circle, Suite 250  
             Sterling, VA 20166

Type of Business: GreenTech Automotive, headquartered in Sterling,
                  Virginia, was organized in Mississippi in
                  2009 for the purpose of developing, producing,
                  marketing and financing energy efficient
                  automobiles, including electric cars.  WMIC, a
                  Virginia corporation, is a holding company that
                  holds a majority of the outstanding shares of
                  common stock of GreenTech.  GCFM, a Louisiana
                  limited liability company, is a designated
                  regional center in the Immigrant Investor
                  Program under the U.S. Department of Homeland
                  Security's U.S. Citizenship and Immigration      

                  Services.  A-3 GP, a Delaware limited liability
                  company, is the general partner of A-3 LP, a
                  Delaware limited partnership, organized to
                  receive investment funds from third party
                  investors under the Employment-Based Immigration
                  Preference program, known as "EB-5."  The EB-5
                  program offers immigrant investors the
                  opportunity to qualify for permanent U.S.
                  residency by investing specified amounts in
                  certain U.S. job creating initiatives in
                  economically challenged localities in the United
                  States.  The Debtors have experienced            

                  significant adverse developments that have    
                  hindered the successful operations of
                  GreenTech's automobile business, impaired access
                  to capital, and resulted in difficulties in the
                  advancement GreenTech's investors' permanent
                  residency petitions before the United States   
                  government.  The Debtors suffered another severe
                  blow when GreenTech was sued in early 2015 by
                  Plastech Holdings Company, which falsely accused
                  GreenTech of tortious interference with PHC's
                  contractual relationship with a Chinese
                  automotive manufacturer, Anhui Jianghuai
                  Automobile Co., Ltd.

Chapter 11 Petition Date: February 26, 2018

Affiliates that simultaneously filed Chapter 11 petitions:

    Debtor                                         Case No.
    ------                                         --------
    GreenTech Automotive, Inc. (Lead Debtor)       18-10651
    WM Industries Corp.                            18-10652
    Gulf Coast Funds Management, LLC               18-10653
    American Immigration Center, LLC               18-10654
    GreenTech Automotive Capital A-3 GP, LLC       18-10655
    GreenTech Automotive Partnership A-3, L.P.     18-10656

Court: United States Bankruptcy Court
       Eastern District of Virginia (Alexandria)

Judge: Hon. Brian F. Kenney

Debtor's Counsel: Kristen E. Burgers, Esq.
                  HIRSCHLER FLEISCHER PC
                  8270 Greensboro Drive, Suite 700
                  Tysons Corner, VA 22102
                  Tel: (703) 584-8364
                  Fax: (703) 584-8901
                  Email: kburgers@hf-law.com

                    - and -

                  Mark S. Lichtenstein, Esq.
                  CROWELL & MORING LLP
                  590 Madison Avenue, 20th Floor
                  New York, New York 10022
                  Tel: (212) 223-4000
                  Fax: (212) 223-4001
                  Email: mlichtenstein@crowell.com

Estimated Assets: $100 million to $500 million

Estimated Liabilities: $100 million to $500 million

The petition was signed by Norman Chirite, authorized
representative.

A full-text copy of GreenTech Automotive's petition is available
for free at http://bankrupt.com/misc/vaeb18-10651.pdf

List of GreenTech Automotive, Inc.'s 20 Largest Unsecured
Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
GreenTech Auto.                      Investment       $42,411,027
P'ship A-3 LP
21355 Ridgetop Circle
Suite 250
Sterling, VA 20166

Capital Wealth                       Promissory       $18,850,000
Holding Limited                        Notes
c/o Newhaven
Trustees (BVI)
PO Box 933 Road Town
Tortola, BVI VG 1110

Elliot P. Fitzgerald                 Judgment          $7,573,449
411 E. Franklin St.                  Creditors
Suite 600
Richmond, VA 23219

State of Mississippi                   Loan            $2,850,000
Office of the
AG/Civil Lit.
PO Box 220
Jackson, MS 39205

Tunica County, Missippi            Manufacturing       $2,000,000
co/John Keith Perry Jr.              Facility
5699 Getwell Road
Building G5
Southaven, MS 38672

American Theme Park Funds           Promissory         $1,150,000
Management LLC                         Notes
21355 Ridgetop
Circle, Ste 250
Sterling, VA 20166

Jiangsu Saleen                      Trade Debt           $820,831
Auto. Tech Co.
Bldg 7&8 No. 299
Wenshui Rd
Jingan District
Shanghai PR CHINA

Gulf Coast Funds Management         Management           $796,833
21355 Ridgetop Circle                  Fees
Suite 250
Sterling, VA 20166

Subscribers to                      Subscriber           $560,000
Tranche A-3                          Right to
(44 individuals, each                 Refund
with a claim of
$560,000)

Subscribers to                      Subscriber           $560,000
Tranche A-4                          Right to
(87 individuals, each                 Refund
with a claim of
$560,000)

Norma Anderson                      Automotive           $208,220
Tax Collector                      Manufacturing
                                    Facility

Virtual Integrated                 Engineering           $140,226
Analytics                           Software
Solutions Inc.                      Provider

Quality Metalcraft Inc.            Trade Debt            $120,000

Swoosh Technologies &             Engineering             $77,877
Solution                           Software
                                   Provider

Futuris Auto Interiors            Trade Debt              $48,805

Akerman LLP                     Legal Services            $41,673

Sheehan & Associates, PLC       Legal Services            $35,732

Honigman Miller                  Professional             $17,881
Schwartz&Cohen                     Services

P7/Buchanan                       Office Rent             $15,818

Global Steering                   Trade Debt               $8,550
Systems, LLC

A more detailed list of the Debtor's 20 largest unsecured creditors
is available for free at:

    http://bankrupt.com/misc/vaeb18-10651_creditors.pdf


GTHCC INC: Hires Langley & Banack Inc as Attorney
-------------------------------------------------
GTHCC, Inc., seeks authority from the U.S. Bankruptcy Court for the
Western District of Texas, San Antonio Division, to hire Langley &
Banack, Inc., as its attorneys.

Services to be provided by Langley & Banack are:

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

     b. prepare on behalf of the Debtor all necessary motions,
applications, answers, orders, reports, and papers in connection
with the administration and prosecution of the Debtor's Case;

     c. prepare and file a disclosure statement and plan of
reorganization;

     d. advise the Debtor in respect of various bankruptcy issues
and other services as requested from time to time; and

     e. perform all other necessary legal services in connection
with the Case.

Langley & Banack's current standard hourly rates are:

     William R. Davis, Jr., Shareholder   $350 per hour
     Allen M. DeBard, Associate           $325 per hour

William R. Davis, Jr., shareholder at Langley & Banack, attests
that neither he nor the firm represents any interest adverse to the
Debtor, as required by 11 U.S.C. Sec. 327(a); additionally, they
are disinterested persons pursuant to 11 U.S.C. Sec. 101(14).

The firm can be reached through:

         William R. Davis, Jr.
         Allen M. DeBard
         Langley & Banack, Inc.
         745 E. Mulberry, Suite 700
         San Antonio, TX 78212
         Phone: (210) 736-6600

                        About GTHCC, Inc.

Based in Midland, Texas, GTHCC, Inc., listed its business as a
single asset real estate as defined in 11 U.S.C. Section 101(51B).
GTHCC, Inc., sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. W.D. Tex. Case No. 17-51942) on Aug. 15, 2017.  In the
petition signed by Jarnail Sihota, president, the Debtor estimated
assets of $0 to $50,000 and estimated liabilities of $1 million to
$10 million.  William R. Davis, Jr., and Allen M. DeBard, at
Langley & Banack, Inc., serve as the Debtor's counsel.


GTT COMMUNICATIONS: Moody's Puts B2 CFR Under Review for Downgrade
------------------------------------------------------------------
Moody's Investors Service has placed GTT Communications, Inc. (GTT)
ratings under review for downgrade, including the company's B2
corporate family rating (CFR), B2-PD probability of default rating
(PDR), B1 (LGD3) senior secured rating, and Caa1 (LGD5) senior
unsecured rating. The review was prompted by GTT's agreement to
purchase Interoute Communications Holdings SA (Interoute), a
provider of network and cloud services, for approximately $2.3
billion in cash. GTT will raise approximately $2 billion in new
debt and $250 million of equity to fund the purchase, which
includes repaying Interoute's existing debt. The company expects
the transaction to close in three to six months, subject to
customary regulatory approvals.

Moody's expects leverage will increase to approximately 6.5x
(Moody's adjusted) following deal close, with some subsequent
improvement from growth and cost synergies. This will be above
Moody's prior limit of 5x leverage for GTT's B2 rating. The
transaction will improve GTT's scale and market position as well as
increase its asset coverage which could translate to higher
leverage tolerance. The focus of Moody's review will be the
timeframe required for GTT to reduce leverage back towards 5x and
the potential for the combined and larger entity to support
slightly higher leverage given the improved asset base and scale.
The potential cost synergies and new revenue opportunities from
cross-selling could also partially offset the negative impact of
GTT's incremental debt burden.

On Review for Downgrade:

Issuer: GTT Communications, Inc.

-- Probability of Default Rating, Placed on Review for Downgrade,

    currently B2-PD

-- Corporate Family Rating, Placed on Review for Downgrade,
    currently B2

-- Senior Secured Bank Credit Facility, Placed on Review for
    Downgrade, currently B1 (LGD3)

-- Senior Unsecured Regular Bond/Debenture, Placed on Review for
    Downgrade, currently Caa1 (LGD5)

Outlook Actions:

Issuer: GTT Communications, Inc.

-- Outlook, Changed To Rating Under Review From Stable

RATINGS RATIONALE

GTT benefits from strong free cash flow and revenue growth
potential driven by a favorable competitive position within its
target market of international network services. The company's low
capital spending of about 5-6% of revenue and improving margin
profile result in meaningful excess cash flows. The company is
challenged by its small scale and improving but still low asset
coverage relative to its debt load. GTT has demonstrated consistent
success to date making relatively small, frequent, and quickly
credit accretive acquisitions. However, this strategy has
contributed to sustained high leverage as cost cutting synergies
lag opportunistic debt issuances, which essentially prefund
to-be-sourced acquisition targets. GTT's ability to successfully
integrate a larger acquisition will likely be difficult, and will
magnify the operational stresses associated with its persistent and
aggressively debt-funded acquisition strategy.

GTT's business model employs an architecture with mostly leased
infrastructure that results in low capital intensity but could
expose the company to margin pressure if end-user pricing and
network leasing cost trends diverge over time. Given this low
capital intensity strategy, Moody's believes GTT currently has
lower leverage tolerance than facilities-based carriers.

The B2 rating could be upgraded if leverage falls below 4x (Moody's
adjusted) and free cash flow to debt exceeds 10%. The rating could
be downgraded if liquidity becomes strained, if free cash flow is
negative or if leverage is sustained above 5x (Moody's adjusted).

The principal methodology used in these ratings was
Telecommunications Service Providers published in January 2017.

Based in McLean, VA, GTT is a multinational Tier 1 internet service
provider offering wide area networking, internet, managed services
and voice services. The company operates a top five ranked global
IP (internet protocol) backbone with over 300 points-of-presence
which connects enterprise and carrier clients to any location in
the world and any application in the cloud. During the 12 months
ended Sept 30, 2017, the company generated $637 million in revenue.


GTT COMMUNICATIONS: S&P Puts 'B' CCR on CreditWatch Negative
------------------------------------------------------------
U.S. internet protocol (IP) network operator GTT Communications
Inc. announced that it has agreed to acquire Interoute
Communications Ltd. for EUR1.9 billion in cash. GTT plans to fund
the EUR1.9 billion purchase price primarily with debt.

S&P Global Ratings placed its 'B' corporate credit rating and all
other ratings on Mclean, Va.-based GTT Communications Inc. on
CreditWatch with negative implications.

The CreditWatch placement follows GTT's announcement that it has
entered into an agreement to acquire London-based fiber and cloud
networking service provider Interoute Communications Holdings Ltd.
(B+/Stable/--) for approximately EUR1.9 billion in cash. GTT plans
to fund the acquisition with a mix of 10% equity and 90% debt. The
equity component consists of $250 million of committed equity
financing from two private investors.

S&P said, "We intend to resolve the CreditWatch when transaction
closes, expected in three to six months. We believe a downgrade, if
any, would be limited to one notch. Our review will focus on the
impact of the proposed acquisition on GTT's credit metrics and its
ability to improve leverage over the next couple of years from cost
synergies, EBITDA growth, and free operating cash flow (FOCF)
generation. Additionally, a potential downgrade would depend on the
company's financial policy and its commitment to debt reduction,
given its history of debt-financed acquisitions."


HERMAN M. & AMANDA: Taps Turner & Johns as Legal Counsel
--------------------------------------------------------
Herman M. and Amanda K. Warner, LLC, seeks approval from the U.S.
Bankruptcy Court for the Southern District of West Virginia to hire
Turner & Johns, PLLC as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

Turner & Johns' hourly rates for its attorneys range from $250 to
$400.  Paralegals charge $125 per hour.  The Debtor will pay the
firm a retainer in the sum of $5,000.

Brian Blickenstaff, Esq., an associate of Turner & Johns, disclosed
in a court filing that the firm and its members and employees are
"disinterested persons" as defined in section 101(14) of the
Bankruptcy Code.

Turner & Johns can be reached through:

     Brian R. Blickenstaff, Esq.
     Turner & Johns, LLC
     216 Brooks Street, Suite 200
     Charleston, WV 25301
     Phone: (304)-720-2300
     Fax: (304)-720-2311
     E-mail:  bblickenstaff@turnerjohns.com

                  About Herman M. & Amanda K Warner

Herman M. & Amanda K Warner, LLC, sought protection under Chapter
11 of the Bankruptcy Code (Bankr. S.D. W.Va. Case No. 17-30439) on
Sept. 28, 2017.  Judge Frank W. Volk presides over the case.
Turner & Johns, LLC, is the Debtor's counsel.



HIGH LINER: S&P Alters Outlook to Negative & Affirms 'B+' CCR
-------------------------------------------------------------
S&P Global Ratings said it revised its outlook on High Liner Foods
Inc. to negative from stable. At the same time, S&P Global Ratings
affirmed its 'B+' long-term corporate credit rating on the company
and its 'B+' issue-level rating, with a '4' recovery rating, on the
company's senior secured term loan. The '4' recovery rating
reflects average (30%-50%; rounded estimate 45%) recovery in
default.

The negative outlook reflects the company's underperformance and
weaker credit metrics in 2017. Decline in High Liner's core product
offerings along with 50% lower EBITDA from the recently acquired
Rubicon Resources LLC business, combined with higher borrowings to
fund working capital at year-end led to leverage increasing to 6x
in 2017, compared with our expectation of the mid-4x area. The
increase in leverage was primarily due to lower plant efficiency
related to closure of the New Bedford facility in 2016, high costs
related to a product recall, along with the company's inability to
meet seasonally heavy demand in the first quarter. In addition,
borrowings on the asset-based loan (ABL) were higher than normal
due to large working capital requirements at year-end. S&P said,
"However, we view most of these events to be one-time in nature and
expect margins will modestly improve in 2018 and that ABL
borrowings will normalize. As a result, under our base-case
scenario we would expect leverage to decline to about 5x in 2018."


S&P said, "We base the negative outlook on our expectation that
High Liner will be pressured to increase its margins to historical
levels due to lower demand in its core breaded and battered
products, rising input costs, and a shifting product mix. This
could lead to weaker-than-expected credit measures and an increased
risk that the company might not recover from its 2017 setbacks.

"We could lower the rating if margins remain at current levels or
deteriorate further, leading to lower debt repayment from free cash
flows and leverage sustained above 5x for the next six to 12
months.

"We could revise the outlook to stable if leverage declines below
4.5x due to significant debt repayment or margin improvement. In
our view, this does not provide High Liner with much room to pursue
growth acquisitions."


ICONIX BRAND: Closes $125 Million Convertible Notes Exchange
------------------------------------------------------------
Iconix Brand Group, Inc. has completed its previously announced
exchange pursuant to which the Company issued new 5.75% Convertible
Senior Subordinated Secured Second Lien Notes due 2023 in an
aggregate principal amount of approximately $125,000,000 in
exchange for (i) approximately $125,000,000 aggregate principal
amount of the Company's outstanding 1.50% Convertible Senior
Subordinated Notes due 2018 and (ii) cash payments representing
accrued but unpaid interest on the 2018 Convertible Notes. The
Exchange was completed pursuant to the terms of a number of
exchange agreements entered into with certain holders of the 2018
Convertible Notes in separate, privately negotiated transactions.

As part of the Exchange, the New Convertible Notes were issued
pursuant to an Indenture, dated Feb. 22, 2018, by and among the
Company, the Guarantors named therein and The Bank of New York
Mellon Trust Company, N.A., as trustee.  The New Convertible Notes
were issued to the holders of the 2018 Convertible Notes pursuant
to the Exchange Agreements in reliance on an exemption from the
registration requirements of the Securities Act of 1933, as
amended, under Section 4(a)(2) thereof.  The New Convertible Notes
have not been registered under the Securities Act or the securities
laws of any other jurisdiction and may not be offered or sold in
the United States absent registration or an applicable exemption
from the registration requirements thereunder.

                     About Iconix Brand

Broadway, New York-based Iconix Brand Group, Inc. --
http://www.iconixbrand.com/-- is a brand management company and
owner of a diversified portfolio of over 30 global consumer brands
across the women's, men's, entertainment, home and international
segments.  The Company's business strategy is to maximize the value
of its brands primarily through strategic licenses and joint
venture partnerships around the world, as well as to grow the
portfolio of brands through strategic acquisitions.

Iconix reported a net loss attributable to the Company of $252.1
million in 2016 following a net loss attributable to the Company of
$189.3 million in 2015.  As of Sept. 30, 2017, Iconix had $1.08
billion in total assets, $1.13 billion in total liabilities, $30.72
million in redeemable non-controlling interest, and a $77.66
million total stockholders' deficit.

"Due to certain developments, including the recent decision by
Target Corporation not to renew the existing Mossimo license
agreement and by Walmart, Inc., not to renew the existing
DanskinNow license agreement with us and our revised forecasted
future earnings, we forecasted that we would be unlikely to be in
compliance with certain of our financial debt covenants in 2018 and
that we may face possible liquidity challenges in 2018.  This
raises substantial doubt about our ability to continue as a going
concern.  Our ability to continue as a going concern is dependent
on our ability to raise additional capital and implement our
business plan," said the Company in its quarterly report for the
period ended Sept. 30, 2017.


IHEARTCOMMUNICATIONS: Bondholders Ask NY Court for Injunction
-------------------------------------------------------------
Ed Christman, writing for Billboard.com, reports that a group of
unsecured bondholders that hold more than $200 million in
iHeartCommunications bonds have asked the commercial division of
the New York State Supreme Court to issue an injunction that would
provide a provisional lien against some of the radio chain's
assets.

According to the report, the noteholders claim iHeart has agreed it
would not grant any other creditors a superior position to theirs
without ensuring they were also treated "equally and ratably."

The report notes the so-called legacy bondholders' move was made in
anticipation of an expected Chapter 11 filing from iHeart on or
before March 5.

The report recounts that the legacy noteholders disclosed in their
court filings they have discovered that iHeart for more than six
years has granted superior standing in the form of secured debt to
some other iHeart creditors.  When the legacy noteholders
discovered on Dec. 5, 2017, that iHeart had provided holders hidden
encumbrances to some assets for notes issued as early as 2011
through 2015, they immediately gave notice to iHeart that they
wanted the same standing. But on Feb. 23, the company refused to do
so, according to the complaint.

Gregory Starner and Jason Zakia of White & Case LLP are
representing the legacy noteholders in the complaint.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company's outdoor business reaches over 34 countries across
five continents.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million in 2016, a net loss attributable to the
Company of $754.6 million in 2015, and a net loss attributable to
the Company of $793.8 million in 2014.

As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in
total assets, $23.93 billion in total liabilities and a total
stockholders' deficit of $11.67 billion.

                           *    *    *

As reported by the TCR on Feb. 12, 2018, Fitch Ratings has affirmed
iHeartCommunications, Inc.'s Long-Term Issuer Default Rating (IDR)
at 'C'.  iHeart's 'C' IDR reflects the likelihood for a near-term
default and potential restructuring event, which increased
following the company's strategic decision to not pay the $106
million cash interest payment on a more junior piece of debt that
was due on Feb. 1, 2018.

Also in February 2018, S&P Global Ratings lowered its corporate
credit ratings on Texas-based iHeartMedia Inc. and its iHeart
subsidiary to 'SD' (selective default) from 'CC'.  The downgrade
follows iHeart's recent announcement that it did not make a $106
million net cash interest payment on its 12%/14% senior notes due
2021.  The payment was due on Feb. 1, 2018.

HeartCommunications' carries a 'Caa2' Corporate Family Rating from
Moody's Investors Service.


IHEARTCOMMUNICATIONS: Creditors Receive Offer from Liberty Media
----------------------------------------------------------------
Certain lenders and noteholders of iHeartCommunications, Inc. on
Feb. 26,. 2018, disclosed that, in connection with the discussions
concerning iHeartCommunications's restructuring, the lender and
notholders on Saturday received a term sheet for a restructuring of
the Company from Liberty Media Corporation.

The term sheet, dated Feb. 23, sets forth the principal terms of
the restructuring of iHeartMedia, Inc. and 35 affiliated entities,
including a plan of reorganization to be filed and implemented in
cases to be commenced by the Company under chapter 11 of the
Bankruptcy Code.

Liberty Media proposes to extend $1.159 billion in new Cash
investment in iHeartCommunications, Inc., under a reorganization
plan.  In exchange, Liberty and its affiliate, Sirius XM,
collectively, will receive 40% of the New Common Shares -- 20% of
the New Common Shares shall be held by Sirius and 20% of the New
Common Shares shall be held by Liberty.

Clear Channel Outdoor Holdings, Inc. shall be spun off in a taxable
transaction.  Parties to cooperate to ensure transaction is taxable
and otherwise done in a tax efficient manner.

The Company and Liberty will enter into an investment and
restructuring support agreement memorializing the terms of
Liberty's new Cash investment in iHeartCommunications.  The
Investment Agreement will provide for, among other things:

     -- an equity commitment fee of 2.0%,

     -- a breakup fee of 3.0%,

     -- a no-shop obligation of the Debtors (subject to a fiduciary
out), and

     -- provisions for the full and prompt payment of the
reasonable and documented fees and out-of-pocket expenses of
Liberty's restructuring advisors.

Liberty has engaged Millstein & Co., KPMG, Baker Botts LLP, and
Weil, Gotshal & Manges LLP, as advisors in connection with the
Restructuring.

The Investment Agreement will be expressly incorporated into and
made part of the Plan.  The Debtors will file a motion to assume
the Investment Agreement and thereafter use reasonable best efforts
to obtain the Bankruptcy Court's approval of the motion as promptly
as possible.

Liberty is willing to finance working capital needs in chapter 11
through a DIP facility.

Liberty's Term Sheet contemplates that the Chapter 11 Debtors will
enter into a new secured exit financing, with gross proceeds of
$5.250 billion.  Terms of the Exit Financing are to be determined,
but Liberty assumes ~5.2x pro forma net leverage with ~$500 million
of excess cash generated by the Debtors' Radio businesses by end of
2018 to be distributed to holders of Senior Communications Claims
under the Plan.

Liberty wants the Company to file for Chapter 11 bankruptcy in
March 2018; and consummate the Reorganization Plan no later than
December 21, 2018 and other interim milestones to be negotiated.

Liberty's Term Sheet proposes to restructure iHeartCommunications
obligations, including:

                  ABL Facility Claims
                  -------------------
      $[365],000,000 ABL Facility

                  Senior Communications Claims
                  ----------------------------
   $5,000,000,000 Term Loan D due 2019
   $1,300,000,000 Term Loan E due 2019
   $2,000,000,000 9.0% Priority Guarantee Notes due 2019
   $1,750,000,000 9.0% Priority Guarantee Notes due 2021
     $871,000,000 11.25% Priority Guarantee Notes due 2021
   $1,000,000,000 9.0% Priority Guarantee Notes due 2022
     $950,000,000 10.625% Priority Guarantee Notes due 2023

                  Unsecured Notes Claims
                  ----------------------
   $1,764,000,000 14.0% Senior Notes due 2021
     $175,000,000 6.875% Senior Notes due 2018
     $300,000,000 7.25% Senior Notes due 2027

                  General Unsecured Claims
                  ------------------------
     $[6],000,000 General Unsecured Claims

                  Unsecured Subsidiary Claims
                  ---------------------------
     $[26],000,000 unsecured long-term obligations of
                  Debtors other than iHeartCommunications

A copy of the Term Sheet is available at https://is.gd/UhQ2f5

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company's outdoor business reaches over 34 countries across
five continents.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million in 2016, a net loss attributable to the
Company of $754.6 million in 2015, and a net loss attributable to
the Company of $793.8 million in 2014.

As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in
total assets, $23.93 billion in total liabilities and a total
stockholders' deficit of $11.67 billion.

                           *    *    *

As reported by the TCR on Feb. 12, 2018, Fitch Ratings has affirmed
iHeartCommunications, Inc.'s Long-Term Issuer Default Rating (IDR)
at 'C'.  iHeart's 'C' IDR reflects the likelihood for a near-term
default and potential restructuring event, which increased
following the company's strategic decision to not pay the $106
million cash interest payment on a more junior piece of debt that
was due on Feb. 1, 2018.

Also in February 2018, S&P Global Ratings lowered its corporate
credit ratings on Texas-based iHeartMedia Inc. and its iHeart
subsidiary to 'SD' (selective default) from 'CC'.  The downgrade
follows iHeart's recent announcement that it did not make a $106
million net cash interest payment on its 12%/14% senior notes due
2021.  The payment was due on Feb. 1.

HeartCommunications' carries a 'Caa2' Corporate Family Rating from
Moody's Investors Service.


IHEARTCOMMUNICATIONS: Liberty Offer May Fail, Source Tells NY Post
------------------------------------------------------------------
The $1.16 billion offer that Liberty Media extended to
iHeartCommunications' creditors this weekend faces an uphill battle
because it undervalues the owner of 850 stations, a source close to
the situation told New York Post.  The 11th-hour bid is likely to
fall on deaf ears, the source said, according to Josh Kosman,
writing for New York Post.

The source added that if no deal is reached, iHeart is likely to
file for Chapter 11 reorganization on March 3.

A source told NY Post that Liberty's offer values iHeart at $7.5
billion.  That source added that senior creditors of the company,
led by Franklin Resources, believe the radio operator, led by Chief
Executive Bob Pittman, is worth 12% more, or roughly $8.5 billion.

"I don't think Liberty has enough time to get the support they
need," the source told the Post.

The source added that Liberty has not even started speaking to key
creditors yet to gain their support.  "The timing would have been
better had this offer come one month ago," that source said.

"There is a 98 percent chance there will be a bankruptcy," said the
source, who emphasized that it is not what he is hoping for,
according to the Post.

The source also told the Post that Franklin, which is the biggest
iHeart creditor, is offering iHeart's private equity owners -- Bain
Capital and Thomas H. Lee Partners -- about a 1% recovery on their
$4 billion equity investment if they agree to an out-of-court or
prepack restructuring.  The owners instead want about a 4%
recovery.  In a straight-up Chapter 11, the owners will be wiped
out, the Post noted.

"It's hard for me to understand what Bain is doing," the source
said, according to the report.

Bain also held equity investments in Gymboree and Toys R Us, both
of which sought Chapter 11 bankruptcy in 2017.

Liberty Media President and CEO Greg Maffei believes in terrestrial
radio, and even if he does not buy iHeart now may bag the company
later in a bankruptcy process, the source told the Post.

In the wake of the offer, iHeart’s $6.3 billion in term loans
rose in value Monday from 75 cents to 78 cents, the Post reports.

                    About iHeartMedia, Inc. and
                     iHeartCommunications, Inc.

iHeartMedia, Inc. (PINK:IHRT), the parent company of
iHeartCommunications, Inc., is a global media and entertainment
company.  Based in San Antonio, Texas, iHeartCommunications
specializes in radio, digital, outdoor, mobile, social, live
events, on-demand entertainment and information services for local
communities, and uses its unparalleled national reach to target
both nationally and locally on behalf of its advertising partners.
The Company's outdoor business reaches over 34 countries across
five continents.

iHeartCommunications reported a net loss attributable to the
Company of $296.31 million in 2016, a net loss attributable to the
Company of $754.6 million in 2015, and a net loss attributable to
the Company of $793.8 million in 2014.

As of Sept. 30, 2017, iHeartCommunications had $12.25 billion in
total assets, $23.93 billion in total liabilities and a total
stockholders' deficit of $11.67 billion.

                           *    *    *

As reported by the TCR on Feb. 12, 2018, Fitch Ratings has affirmed
iHeartCommunications, Inc.'s Long-Term Issuer Default Rating (IDR)
at 'C'.  iHeart's 'C' IDR reflects the likelihood for a near-term
default and potential restructuring event, which increased
following the company's strategic decision to not pay the $106
million cash interest payment on a more junior piece of debt that
was due on Feb. 1, 2018.

Also in February 2018, S&P Global Ratings lowered its corporate
credit ratings on Texas-based iHeartMedia Inc. and its iHeart
subsidiary to 'SD' (selective default) from 'CC'.  The downgrade
follows iHeart's recent announcement that it did not make a $106
million net cash interest payment on its 12%/14% senior notes due
2021.  The payment was due on Feb. 1.

HeartCommunications' carries a 'Caa2' Corporate Family Rating from
Moody's Investors Service.


INDUSTRIAL FABRICATION: Case Summary & 20 Top Unsecured Creditors
-----------------------------------------------------------------
Debtor: Industrial Fabrication & Repair, Inc.
        PO Box 50336
        Knoxville, TN 37950

Business Description: Established in 1981, Industrial Fabrication
                      & Repair, Inc. services numerous industries
                      and is a source for all design, engineering,
                      machining, fabrication and repair needs.
                      The Company's service area includes
                      Knoxville and all of East Tennessee.  Visit
                      http://www.ifr-tn.comfor more information.

Chapter 11 Petition Date: February 27, 2018

Case No.: 18-30530

Court: United States Bankruptcy Court
       Eastern District of Tennessee (Knoxville)

Judge: Hon. Suzanne H. Bauknight

Debtor's Counsel: Ryan E. Jarrard, Esq.
                  QUIST, FITZPATRICK & JARRARD, PLLC
                  2121 First Tennessee Plaza
                  Knoxville, TN 37929
                  Tel: 865.524.1873
                  Email: rej@qcflaw.com

Total Assets: $2.17 million

Total Liabilities: $4.72 million

The petition was signed by Mac Phillips, authorized
representative.

A copy of the Debtor's list of 20 largest unsecured creditors is
available for free at:

     http://bankrupt.com/misc/tneb18-30530_Creditors.pdf

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

         http://bankrupt.com/misc/tneb18-30530.pdf


JBC STAPLES: Seeks Authority to Use Wells Fargo Cash Collateral
---------------------------------------------------------------
JBC Staples, LLC, seeks authorization from the U.S. Bankruptcy
Court for the Central District of California to use cash collateral
in the ordinary course of its business consistent with the amounts
and for the purposes set forth on the budget.

The cash collateral is allegedly of Wells Fargo Bank, N.A., as
Trustee for Morgan Stanley Capital I Inc., Commercial Mortgage
Pass-Through Certificates, Series 2007-HQ11, acting by and through
C-III Asset Management LLC, as Special Servicer, (the "Trustee of
Certificate Holder" or "TCH"), as purported assignee of Principal
Life Insurance Company, the Original Lender. TCH asserts an
interest in cash collateral by virtue of a purportedly valid
Assignment of Leases and Rents clause in the Mortgage.

The Original Lender made a loan to the Debtor in the original
principal amount of $2.3 million secured by, among other
instruments, that certain Mortgage dated November 14, 2006,
relating to real property commonly known as 1525 Mall Road, Unit
#1, Monroe, Michigan, 48612.

The Debtor proposes to grant replacement lien only to extent and
validity of prepetition lien and to make monthly adequate
protection payments to TCH in the total amount of $8,800, which
amount consists of interest based on 5% interest on the secured
loan balance of $1.6 million, based on the appraisal, amortized
over 30 years, plus the fixed monthly amount of $2,000.00 toward
principal.

The Debtor agrees that no payments will be made to owners or
officers of the Debtor or to its professionals, unless and until
such professional has had its application for employment approved
by the Court and any such payment is authorized.

The Debtor further agrees that pending further order of the Court,
the debtor-in-possession account established by the Debtor will be
used first to pay the reasonable and necessary expenses of the
business, consistent with the payments set forth on the budget and
next to pay adequate protection payments.  The Debtor also agrees
to provide a report, through its counsel, of the receipts and
disbursements of the business and a variance report comparing the
cash collateral budget to actual figures to TCH by the 15th
business day of each month covering the prior monthly period.

A full-text copy of the Debtor's Motion is available at

         http://bankrupt.com/misc/cacb18-10162-20.pdf

                       About JBC Staples

JBC Staples, LLC, listed itself as a single asset real estate (as
defined in 11 U.S.C. Section 101(51B)).  Its principal assets are
located at 1525 Mall Road, Monroe, Michigan.

JBC Staples sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 18-10162) on Jan. 18, 2018.  In the
petition signed by Jack M. Cohen, managing member, the Debtor
estimated assets and liabilities of $1 million to $10 million.
Judge Victoria S. Kaufman presides over the case.  Illyssa I. Fogel
& Associates is the Debtor's counsel.


JET MIDWEST: Case Summary & 14 Unsecured Creditors
--------------------------------------------------
Debtor: Jet Midwest Group, LLC
        1105 N. Market Street, Suite 1300
        Wilmington, DE 19801

Type of Business: Jet Midwest is a global, multifaceted, aircraft
                  service provider.  The Company is a full-service
                  commercial aircraft, engine, and spare parts
                  trading company, offering creative product
                  support solutions and maintenance services.
                  The Company was founded in 1997 and is
                  headquartered in Wilmington, Delaware.  Visit
                  http://www.jetmidwestgroup.comfor more
                  information.

Chapter 11 Petition Date: February 26, 2018

Case No.: 18-10395

Court: United States Bankruptcy Court
       District of Delaware (Delaware)

Judge: Hon. Kevin J. Carey

Debtor's Counsel: Christopher A. Ward, Esq.
                  POLSINELLI PC
                  222 Delaware Avenue, Suite 1101
                  Wilmington, DE 19801
                  Tel: 302-252-0920
                  Fax: 302-252-0921
                  E-mail: cward@polsinelli.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Karen Kraus, chief operating officer.

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

               http://bankrupt.com/misc/deb18-10395.pdf

List of Debtor's 14 Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
Advanced Discovery                      Trade            $162,573

Airline Consolidation                    Debt             $87,494
Group, LLC

Alaska Air Visa                          Debt             $41,380

Aviation Technical                      Trade            $180,000
Company, Ltd.

City of Los Angeles                     Taxes              $1,569

DeBedin & Lee LLP                 Professional Fees       $24,029


Jet Midwest Global, LLC                  Debt             $21,270

Jet Midwest Technik, Inc.                Debt             $65,070

Kulowiec & Jorquera               Professional Fees      $473,500
65 Autumn Ridge Road
Pound Ridge, NY 10576

Loeffler Corozza                     Personal Loan       $172,400

Mojave Jet, LLC                           Debt           $485,970
2432 Fly Road
Nolensville, TN 37135

Paradigm Vision, LLC                 Personal Loan       $762,000
1105 N. Market Street
Suite 1300 Wilmington, DE
19801

PMC Aviation 2012-1, LLC          Pending Litigation           $0

World Fuel Services                      Debt             $85,302
Corporation


JOHNNY CHIMPO: Obtains Conditional Approval of Disclosure Statement
-------------------------------------------------------------------
Judge Roberta A. Colton of the U.S. Bankruptcy Court for the Middle
District of Florida issued an amended order conditionally approving
the disclosure statement explaining Johnny Chimpo II, LLC's plan.

                     About Johnny Chimpo II

Johnny Chimpo II, LLC, is a Florida limited liability company doing
business as Bad Willies with its principal place of business in
Tampa, Florida and is currently owned and operated by Lucas Good
and Kelsi Sjoberg.  It occupies leased space at 12950 Race Track
Rd, Suite 111, Tampa, FL.  It operates a sports lounge and bar that
serves liquor, beer and wine.  The main assets of the Company are
located at its current place of operation.

Johnny Chimpo II, LLC, filed for Chapter 11 bankruptcy protection
(Bankr. M.D. Fla. Case No. 17-07764) on Aug. 31, 2017, estimating
its assets at between $50,001 and $100,000 and its liabilities at
between $100,001 and $500,000.  Jake C. Blanchard, Esq., at
Blanchard Law, PA, serves as the Debtor's bankruptcy counsel.

An official committee of unsecured creditors has not yet been
appointed in the Chapter 11 case.


KAANAPALI TOURS: Hawaii Court Dismisses Involuntary Ch. 11 Petition
-------------------------------------------------------------------
On Dec. 15, 2017, petitioning creditors, Ashley Olson, Amy
Richards, Shannon Wood, Susan Fernandez, Ken Clark, and Billie
Bell, filed an involuntary bankruptcy petition against Kaanapali
Tours, LLC. Amy Sutherland (one of KTL's two members) has filed a
motion (on behalf of KTL) to dismiss the involuntary petition.
Subsequently, Privacy Charters, LLC3 and Janice Nolan (the other
member of KTL) joined in the petition.

Because every petitioning creditor's claim is subject to a bona
dispute, Judge Robert J. Faris of the U.S. Bankruptcy Court for the
District of Hawaii grants the motion and dismisses the case.

KTL argued that the court should dismiss the involuntary petition
because (a) petitioning creditors are not qualified to file the
petition because their claims are subject to a bona fide dispute;
and (b) the involuntary petition was filed in bad faith.

Section 303 (b)(1) of the Bankruptcy Code requires petitioning
creditors to meet the following criteria: (a) minimum of three
petitioning creditors which are holders of claims; (b) the
petitioning creditors' claims must be non-contingent as to
liability or the subject of a bona fide dispute as to liability or
amount; and (c) the petitioning creditors' undisputed and
non-contingent claims must aggregate at least $15,775 above the
value of any liens secured their claims.

HRS section 428-404(b)(2) states that in a manager-managed limited
liability company any matter relating to the business of the
company may be exclusively decided by the manager or, if there is
more than one manager, by a majority of the managers. A majority
vote means a unanimous vote in this case.

HRS section 428-301(b)(3) is the only provision that could arguably
permit Nolan, unilaterally, to borrow money on behalf of KTL. In
this regard, there is at least a bona fide dispute as to whether
Nolan's acts are within "the ordinary course of KTL's business" and
whether petitioning creditors "knew or had notice that Nolan lacked
authority."

Because there are genuine disputes regarding Nolan's authority to
borrow money on behalf of KTL without Sutherland's consent,
petitioning creditors' claims are the subject of a bona fide
dispute and they are not qualified as petitioning creditors under
section 303.

The bankruptcy case is in re: KAANAPALI TOURS, LLC, (Involuntary
Chapter 11), Alleged Debtor, Case No. 17-01296 (Bankr. D. Haw.).

A full-text copy of Judge Faris' Memorandum of Decision dated Feb.
12, 2018 is available at https://is.gd/3L69gL from Leagle.com.

Kaanapali Tours, LLC, Debtor, represented by Michael C. Carroll --
MCarroll@LegalHawaii.com -- Bays Lung Rose & Holma, Chris J. Kim ,
Bays Lung Rose & Holma & Matthew C. Shannon --
MShannon@LegalHawaii.com -- Bays Lung Rose & Holma.

Ashley Olson, Shannon Wood, Susan Fernandez, Ken Clark, Billie Bell
& Amy Richards, Petitioning Creditors, represented by Jerrold K.
Guben -- jkg@opgilaw.com -- O'Connor Playdon & Guben.

                  About Kaanapali Tours

Kaanapali Tours LLC is a privately held company based in Lahaina,
Hawaii in the business of promoting and operating tours.

Petitioning Creditors Shannon Wood, Amy Richards, Ashley Olson,
Billie Bell, Susan Fernandez and Ken Clark filed an involuntary
petition (Case No. 17-01296) against Kaanapali Tours, LLC on
December 15, 2017. Judge Robert J. Faris presides over the case.

Petitioning Creditors' Counsel:

     Jerrold K. Guben, Esq.
     O'CONNOR PLAYDON & GUBEN LLP
     733 Bishop St., Fl. 24
     Honolulu, HI 96813
     Tel: 808.524.8350
     Fax: 808.531.8628
     E-mail: jkg@opgilaw.com


KADMON HOLDINGS: Updated Results from Phase 2 Study of KD025
------------------------------------------------------------
Kadmon Holdings, Inc. announced updated positive results from an
ongoing Phase 2 clinical trial (KD025-208) evaluating KD025, its
Rho-associated coiled-coil kinase 2 (ROCK2) inhibitor, in patients
with chronic graft-versus-host disease (cGVHD).  The results were
presented in an oral presentation at the BMT Tandem Meetings in
Salt Lake City.

"KD025 continues to demonstrate a therapeutic benefit in cGVHD,
including in the most severe manifestations of the disease
characterized by end-organ fibrosis," said Aleksandr Lazaryan,
M.D., MPH, Ph.D., assistant professor of Medicine, Division of
Hematology, Oncology and Transplantation, University of Minnesota
and study investigator.  "KD025 was also well tolerated, and many
patients have been able to reduce or discontinue steroids and other
immunosuppressants, thereby helping to avoid their adverse effects
and improve patients’ quality of life."

Updated data from Cohort 2 of the trial (KD025 200 mg BID; n=16)
showed an Overall Response Rate (ORR) of 69%, as of a data cutoff
date of January 3, 2018. Responses in Cohort 1 (KD025 200 mg QD;
n=17) remained the same, showing an ORR of 65%.  Responses were
rapid, with approximately 70% of patients across Cohorts 1 and 2
achieving responses by the first assessment (after 8 weeks of
treatment).  Responses were observed across all affected organs,
including in organs with fibrotic manifestations of the disease
such as lungs, eyes, skin and joints.  In responders with 4 or more
organs involved, 6/13 (46%) showed responses in 4 or more organs.
In addition, 64% of patients were able to reduce steroid dose, and
four patients completely discontinued steroid use. Eighty-three
percent (83%) of patients were able to reduce the dose of
tacrolimus, another immunosuppressive agent used to treat cGVHD.
KD025 was well tolerated, with no drug-related serious adverse
events (SAEs) in either cohort.

"These updated results in cGVHD and recent results in idiopathic
pulmonary fibrosis further demonstrate the activity and
tolerability of KD025 in inflammatory and fibrotic disease
settings," said Harlan W. Waksal, M.D., president and CEO at
Kadmon.  "We look forward to continuing our study of KD025 in cGVHD
and the potential opportunity to offer patients a new therapy for
this disease."

                       About KD025-208

KD025-208 is an ongoing Phase 2 clinical trial of KD025 for the
treatment of cGVHD.  The trial is being conducted in adults with
steroid-dependent or steroid-refractory cGVHD and active disease.
The dose-finding trial includes 48 patients divided into three
cohorts at different dose levels (KD025 200 mg QD, 200 mg BID and
400 mg QD), enrolled sequentially following a safety assessment of
each cohort.  It expects to enroll an expansion cohort of
approximately 40 patients after the optimal dose has been
determined.  In October 2017, KD025 received orphan drug
designation from the U.S. Food and Drug Administration for cGVHD.

                         About cGVHD  

cGVHD is a common and often fatal complication following
hematopoietic stem cell transplantation, a procedure that is often
used to treat patients with cancers such as myeloma or leukemia.
With cGVHD, transplanted immune cells (graft) attack the patient's
cells (host), leading to inflammation and fibrosis in multiple
tissues, including skin, mouth, eye, joints, liver, lung, esophagus
and GI tract.

                     About Kadmon Holdings

Kadmon Holdings, Inc. -- http://www.kadmon.com/-- is a
biopharmaceutical company engaged in the discovery, development and
commercialization of small molecules and biologics within
autoimmune and fibrotic diseases, oncology and genetic diseases.
The Company is headquartered in New York, New York.

Kadmon Holdings reported a net loss attributable to common
stockholders of $230.48 million in 2016, a net loss of $147.08
million in 2015, and a net loss  of $64.35 million in 2014.

As of Sept. 30, 2017, Kadmon Holdings had $90.58 million in total
assets, $85.14 million in total liabilities and $5.43 million in
total stockholders' equity.

BDO USA, LLP, in New York, issued a "going concern" opinion in its
report on the consolidated financial statements for the year ended
Dec. 31, 2016, noting that the Company has suffered recurring
losses from operations, expects losses to continue in the future,
has a deficiency in stockholders' equity and has a contractual
obligation to raise $40.0 million of additional equity capital by
the end of the second quarter of 2017 pursuant to the second
amendment to the 2015 Credit Agreement entered into in November
2016 that raise substantial doubt about its ability to continue as
a going concern.


KE SOLUTIONS: Voluntary Chapter 11 Case Summary
-----------------------------------------------
Debtor: KE Solutions, Inc.
        921 W. Fremont St.
        Stockton, CA 95203

Business Description: KE Solutions, Inc., also referred to as
                      Kingdom Economic Solutions, is a business
                      consulting firm based in Stockton,
                      California.  Founded by Katrina Anywanwu, KE

                      Solutions helps clients start, grow,
                      finance, buy, sell, and market their
                      venture.

Chapter 11 Petition Date: February 26, 2018

Case No.: 18-21038

Court: United States Bankruptcy Court
       Eastern District of California (Sacramento)

Judge: Hon. Ronald H. Sargis

Debtor's Counsel: Scott D. Shumaker, Esq.
                  LAW OFFICE OF SCOTT SHUMAKER
                  1007 7th Street, Suite 306
                  Sacramento, CA 95814
                  Tel: 916-441-2199
                  E-mail: sshumaker@jps.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Katrina Anywanwu, president.

The Debtor filed an incomplete list (without names and addresses)
of its 20 largest unsecured creditors, a copy of which is available
for free at:

        http://bankrupt.com/misc/caeb18-21038_creditors.pdf

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

            http://bankrupt.com/misc/caeb18-21038.pdf


LAPS ENTERPRISES: Court Approves Disclosure Statement
-----------------------------------------------------
Judge Erik P. Kimball of the U.S. Bankruptcy Court for the Southern
District of Florida issued an order approving the disclosure
statement explaining LAPS Enterprises USA, LLC's plan of
reorganization.

As previously reported by The Troubled Company Reporter, Class 3
under the latest plan consists of the Allowed General Unsecured
Claims of the Debtor. Holders of Class 3 Claims will be paid $1,583
upon the sale of the Property to the extent not already paid in
full.  The previous version of the plan proposed to pay general
unsecured claimants only $830 upon the sale of the property.

A copy of the Amended Disclosure Statement is available at:

       http://bankrupt.com/misc/flsb16-26152-96.pdf

                 About LAPS Enterprises USA

LAPS Enterprises USA, LLC, with headquarters in St. Lucie County,
Florida, is a privately-held single asset real estate company with
real property located at 709 S9th Street, Fort Pierce, Florida.

LAPS Enterprises filed a voluntary petition under Chapter 11 of the
Bankruptcy Code (Bankr. S.D. Fla. Case No. 16-26152) on Dec. 5,
2016.  At the time of the filing, the Debtor estimated assets and
liabilities of less than $1 million.  The Debtor is represented by
David L. Merrill, Esq., at Merrill PA.  No official committee of
unsecured creditors has been appointed in the case.


LAYNE CHRISTENSEN: Inks Merger Agreement with Granite Construction
------------------------------------------------------------------
Granite Construction Incorporated, Layne Christensen Company and
Lowercase Merger Sub Incorporated, a wholly owned subsidiary of
Granite ("Merger Sub"), entered into an agreement and plan of
merger pursuant to which Merger Sub will merge with and into the
Company, and the Company will be the surviving corporation in the
merger and a wholly owned subsidiary of Granite.  The Boards of
Directors of Granite and the Company have each unanimously approved
the Merger Agreement and the Merger.

Pursuant to the terms of the Merger Agreement, at the effective
time of the Merger, each share of the Company's common stock issued
and outstanding at the Effective Time (other than shares (1) held
in treasury of the Company or (2) directly or indirectly owned by
Granite, Merger Sub or a wholly owned subsidiary of the Company)
will be cancelled and converted into 0.27 validly issued, fully
paid and non-assessable shares of Granite's common stock.  No
fractional shares of Granite's common stock will be issued in the
Merger and the Company's stockholders will receive cash in lieu of
any fractional shares.

Pursuant to the terms of the Merger Agreement, at the Effective
Time, the Company's outstanding stock options will be cancelled and
converted into the right to receive an amount of cash equal to the
product of (1) the number of the Company's shares issuable upon the
exercise of the Company stock option, multiplied by (2) the excess
value, if any, of the (a) product of (i) the Exchange Ratio,
multiplied by (ii) an amount equal to the average of the
volume-weighted average price per share of Granite's common stock
on the New York Stock Exchange for each of the 10 consecutive
trading days ending with the third trading day immediately
preceding the closing date, and (b) the exercise price of the
Company's stock option.  The Company's outstanding service-based
restricted stock units will be cancelled and converted into the
right to receive an amount of cash (without interest) equal to the
product of (1) the number of the Company's shares in respect of
such restricted units, multiplied by (2) the (a) product of (i) the
Exchange Ratio, multiplied by (ii) Granite Common Stock Price.  The
Company's outstanding unvested performance stock units will vest,
and the underlying number of the Company's shares earned will be
determined, based on the maximum level of achievement of the
applicable performance goals.  The Company's performance stock
units that are vested prior to the Effective Time or vest pursuant
to the Merger Agreement will be cancelled and converted into the
right to receive an amount of cash (without interest) equal to the
product of (1) the number of the Company's shares earned in respect
to the performance stock unit, multiplied by (2) the (a) product of
(i) the Exchange Ratio, multiplied by (ii) Granite Common Stock
Price.

Consummation of the Merger is subject to certain customary closing
conditions, including, adoption of the Merger Agreement by the
Company's stockholders, the absence of certain legal impediments,
and the expiration or termination of the required waiting periods
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as
amended.

The Merger Agreement also requires the Company to call and hold a
stockholders' meeting and, subject to certain exceptions, recommend
that the Company's stockholders approve and adopt the Merger
Agreement.

Pursuant to the Merger Agreement, Granite will be entitled to
receive from the Company a termination fee of $16,000,000 in the
event that:

   * the Merger Agreement is terminated by the Company prior to
     the Company's stockholders adopting the Merger Agreement in
     order to enter into an agreement relating to a Superior
     Proposal;

   * the Merger Agreement is terminated by Granite because (1) the
     Company Board makes an adverse change in its recommendation
     relating to the vote on the Merger Agreement by the Company's
     stockholders, (2) the Company Board shall (a) not have
     rejected an Acquisition Proposal within seven days of the
     making public thereof or (b) have failed to reconfirm its
     recommendation relating to the vote on the Merger Agreement
     by the Company's stockholders within four days after a
     request from Granite to do so following an Acquisition
     Proposal, or (3) the Company shall have violated in any
     material respect its obligations with respect to the non-
     solicitation of Acquisition Proposals; or

   * the Merger Agreement is terminated (1) by either party
     following the Outside Date, (2) by Granite due to the failure

     of the Company's stockholders to adopt the Merger Agreement,
     or (3) by Granite due to the occurrence of a material adverse

     effect with respect to the Company or a breach by the Company

     of its representations, warranties or covenants in a manner
     that would prevent the closing condition with respect thereto

     from being satisfied, in each case of (1), (2) and (3) above
     if (a) prior to such termination there shall have been an
     Acquisition Proposal for a majority of the outstanding
     capital stock or assets of the Company that is made known to
     the Company or made directly to the Company's stockholders
     generally or any person shall have publicly announced an
     intention to make such an Acquisition Proposal (whether or
     not conditional or withdrawn) and (b) concurrently with such
     termination or within 12 months thereafter, the Company
     enters into an agreement providing for, or consummates, a
     transaction contemplated by an Acquisition Proposal involving

     the sale of a majority of the outstanding capital stock or
     assets of the Company.

In addition, Granite has agreed to appoint a non-employee member of
the Company Board to its board of directors as of the Effective
Time, with such director to be selected by Granite.

                        Voting Agreements

In connection with entering into the Merger Agreement, Granite
entered into the Voting Agreements, with each of the Voting
Stockholders.  Pursuant to the Voting Agreements, the Stockholders
agreed during the Agreement Period to vote their shares of Common
Stock:

   (1) in favor of the Merger and the adoption of the Merger
       Agreement at every meeting of the stockholders of the
       Company at which such matters are considered and at every
       adjournment or postponement thereof;

   (2) in approval of any proposal to adjourn or postpone any
       meeting to a later date if there are not sufficient votes
       to adopt the Merger Agreement;

   (3) any other matter necessary for consummation of the Merger
       considered at any such meeting; and

   (4) against (a) any acquisition proposal, including any
       superior proposal (as such terms are defined in the Merger
       Agreement), (b) any action, proposal, transaction or
       agreement that would reasonably be expected to result in a
       breach of any covenant, representation or warranty or any
       other obligation or agreement of the Company under the
       Merger Agreement or of such Stockholder under such Voting
       Agreement, (c) any liquidation, dissolution,
       recapitalization, extraordinary dividend or other
       significant corporate reorganization of the Company, and
       (d) any action, proposal, transaction or agreement that
       would reasonably be expected to impede, interfere with,
       delay, discourage, adversely affect or inhibit the timely
       consummation of the Merger or the fulfillment of Granite's
       or the Company's conditions under the Merger Agreement or
       change in any manner the voting rights of any class of
       shares of the Company (including any amendments to the
       Company's charter documents).

If the Merger Agreement is terminated in accordance with it terms,
the Voting Agreements will also terminate.

Granite reported that as of Feb. 13, 2018, it beneficially owns
1,997,308 shares of common stock of Layne Christensen Company,
constituting 10 percent based on 19,917,043 shares of Common Stock
of the Company issued and outstanding as of Feb. 13, 2018,

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

                      https://is.gd/xUODuY

                  About Layne Christensen Co.

Layne Christensen Company -- http://www.layne.com/-- is a global
water management and services company, with more than 130 years of
industry experience, providing solutions to address the world's
water, minerals and infrastructure challenges.  The company's
customers include government agencies, investor-owned utilities,
industrial companies, global mining companies, consulting
engineering firms, heavy civil construction contractors, oil and
gas companies, power companies and agribusiness.  Layne Christensen
operates on a geographically dispersed basis, with approximately 72
sales and operations offices located throughout North America,
South America, and through our affiliates in Latin America.  Layne
maintains executive offices at 1800 Hughes Landing Boulevard, Suite
800, The Woodlands, Texas 77380.

Layne Christensen reported a net loss of $52.23 million for the
year ended Jan. 31, 2017, a net loss of $44.80 million for the year
ended Jan. 31, 2016, and a net loss of $109.3 million for the year
ended Jan. 31, 2015.

As of Oct. 31, 2017, Layne Christensen had $389.5 million in total
assets, $335.4 million in total liabilities and $54.03 million in
total equity.

"With respect to our 4.25% Convertible Notes, we have retained
advisors to assist us in evaluating alternatives and raising
capital to refinance or extend our debt to a date beyond October
15, 2019, and eliminate the accelerating maturity provisions of the
8.0% Convertible Notes.  We believe the refinance or extension of
our debt is likely based on current on-going discussions with
existing and new potential lenders, our improving financial
performance and credit quality, and the fact that our stock price
is above the $11.70 conversion price for the 8% Convertible Notes.
Although we believe these refinancing options are viable and
likely, because our plans to refinance or restructure our debt have
not been finalized, and therefore are not in our control (in part,
due to the fact that neither of our Convertible Notes can be
prepaid or have redemption provisions prior to February 2018),
these plans are not considered probable under the new standard.
Consequently, per the standard, these conditions, in the aggregate,
raise substantial doubt about our ability to continue as a going
concern within one year after the date these financial statements
are filed," said the Company in its quarterly report for the period
ended Oct. 31, 2017.


LEARNING CARE: Moody's Lowers CFR to B3; Outlook Stable
-------------------------------------------------------
Moody's Investors Service downgraded Learning Care Group (US) No. 2
Inc.'s ("LCG") Corporate Family Rating (CFR) to B3 from B2 and
Probability of Default Rating (PDR) to B3-PD from B2-PD. At the
same time, Moody's assigned B2 ratings to the company's proposed
first lien senior secured credit facilities, consisting of a $520
million term loan due 2025 and $75 million revolver due 2023, and a
Caa2 rating to LCG's proposed $160 million second lien senior
secured term loan due 2026. The rating outlook is stable.

In a proposed dividend recapitalization transaction LCG is planning
to fund a $636 million distribution to its existing shareholders,
including the private equity sponsor American Securities, with the
proceeds of new first lien and second lien senior secured credit
facilities and $300 million of perpetual preferred equity
contribution from PSP Investments (PSP). The proceeds from these
instruments and cash on hand will also be used to repay all of the
company's existing outstanding debt (composed of approximately $305
million first lien term loan due 2021).

The rating action reflects the aggressive financial policies of the
company in its willingness to nearly double its funded debt level
for a significant shareholder distribution, which results in
weakening of its credit metrics and a reduction in its financial
flexibility. LCG's pro forma debt to EBITDA (inclusive of Moody's
adjustments) increases by nearly two turns to approximately 5.7x
from 4.0x at December 31, 2017, while EBITDA less capex to interest
coverage declines to 1.1x from 1.6x prior to the transaction. These
metrics include Moody's standard adjustment for operating leases.
Excluding the lease adjustment, the company's pro forma funded
debt-to-EBITDA leverage is estimated at 6.7x. Moody's also expects
the company's free cash flow to weaken from prior levels due to the
additional $20 million in annual interest expense as a result of
the transaction. Additionally, the rating action reflects the event
risk related to the incentive to redeem the perpetual preferred
security given that it is senior to the equity of the existing
sponsor.

The B2 rating on first lien credit facilities reflects their first
priority lien on substantially all assets of the company and its
subsidiaries and benefits from the loss absorption provided by the
second lien debt, rated Caa2, as well as significant unsecured
operating lease obligations.

The following rating actions were taken:

Issuer: Learning Care Group (US) No. 2 Inc.:

Corporate Family Rating, downgraded to B3 from B2;

Probability of Default Rating, downgraded to B3-PD from B2-PD;

Proposed $75 million Gtd Senior Secured First Lien Revolver due
2023, assigned B2 (LDG3);

Proposed $520 million Gtd Senior Secured First Lien Term Loan due
2025, assigned B2 (LDG3);

Proposed $160 million Gtd Senior Secured Second Lien Term Loan due
2026, assigned Caa2 (LDG5);

The rating outlook is stable.

The existing B1 ratings on the company's first lien term loan due
2021 and revolver due 2019 are not affected and will be withdrawn
upon close of the transaction.

RATINGS RATIONALE

LCG's credit profile reflects: 1) the company's high debt leverage
subsequent to the dividend recapitalization transaction, 2)
aggressive financial policies as reflected in the significant
distribution to shareholders and event risks related to private
equity ownership, 3) the cyclical nature of the childhood education
and care industry, where demand generally varies along with
changing economic conditions and employment levels, 4) industry
reliance on federal and state government funding, and 5) the need
for high capital investments required for refurbishments and
maintenance of the existing center base. The credit profile is
supported by 1) LCG's track record of revenue growth and the
anticipated 12 to 18 months mid-single digits organic growth,
supplemented by acquisitions, 2) Moody's expectation for continued
operating margin improvement through investments in center upgrades
and new locations, operating efficiencies and benefits of scale,
improved utilizations, and pricing and enrollment strategies, 3)
supportive economic fundamentals and employment environment, 4)
favorable long-term demographic trends such as growth in the
childhood population and percentage of dual income families, and 5)
on-going shift towards center-based child care.

LCG has an adequate liquidity position, supported by ample
availability under its new $75 million revolving credit facility
due 2023, a covenant-light credit agreement and a springing net
leverage covenant with respect to the revolver that is only
applicable if the facility utilization exceeds 35% ($26 million),
Moody's expectation for modestly positive free cash flow
generation, and an extended debt maturity profile following the
transaction.

The stable rating outlook reflects Moody's expectation for same
center sales growth in the mid-single digits supplemented by
revenue from center acquisitions and development, and increasing
utilization rates and benefits of pricing strategies and center
upgrades to lead to modest margin improvement.

The ratings could be upgraded if the company demonstrates a track
record of stable revenue and EBITDA growth and improvement in
operating margins, enabling EBITDA less capex to interest coverage
to reach 1.5x and adjusted debt to EBITDA to approach 5.0x. Solid
free cash flow generation resulting in free cash flow to debt in
the mid-single digit range, accompanied by a good liquidity
position, would also be important for a higher rating
consideration.

The ratings could be pressured downward if Moody's expects same
center revenue and enrollment weakness or declines, pricing
pressures or cost increases to result in declining total revenue or
EBITDA. Ratings could also be downgraded if adjusted debt to EBITDA
exceeds 6.5x for a prolonged period. Negative free cash flow
generation, weak liquidity, or additional shareholder-friendly
actions could also pressure the ratings.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

Learning Care Group (US) No. 2 Inc. is a provider of childhood
education and care services for children between the ages of six
weeks and 12 years. The company operates 910 centers across the
U.S. with about one third of centers located in Texas, California
and Florida. LCG has seven brands, including Childtime, Tutor Time,
The Children's Courtyard, La Petite Academy, Montessori Unlimited,
Everbrook Academy and Creative Kids Learning Centers, and has a
licensed capacity to serve approximately 125,000 children. The
company is owned by American Securities LLC. In the last twelve
months ended December 31, 2017, LCG generated approximately $915
million in revenues.


LEARNING CARE: S&P Lowers CCR to 'B-' on New Debt-Funded Dividend
-----------------------------------------------------------------
U.S.-based early childhood education provider Learning Care Group
(US) No. 2 Inc. plans to issue a $755 million senior secured debt
facility, comprising a $75 million first-lien revolving credit
facility, a $520 million first-lien term loan, and a $160 million
second-lien term loan. The company will use the proceeds, along
with proceeds from a $300 million preferred equity investment, to
pay a $636 million dividend to its financial sponsor, American
Securities LLC, refinance existing debt, and pay related
transaction fees.

S&P Global Ratings lowered its corporate credit rating on
U.S.-based early childhood education provider Learning Care Group
(US) No. 2 Inc. to 'B-' from 'B+'. The rating outlook is stable.

S&P said, "At the same time, we assigned our 'B-' issue-level
rating on the company's proposed $75 million senior secured
first-lien revolving credit facility due 2023 and $520 million
senior secured first-lien term loan due 2025. The '3' recovery
rating indicates our expectation for meaningful recovery (50%-70%;
rounded estimate: 60%) of principal for lenders in the event of a
payment default.

"We also assigned our 'CCC' issue-level rating and '6' recovery
rating to the company's proposed $160 million senior secured
second-lien term loan due 2026. The '6' recovery rating indicates
our expectation for negligible recovery (0%-10%; rounded estimate:
0%) of principal for lenders in the event of a payment default.

"We will withdraw our existing issue-level and recovery ratings on
the company's debt once the transaction closes.

"The downgrade reflects our estimate that Learning Care's large
$636 million debt-financed dividend will cause pro forma
lease-adjusted debt leverage (which includes our $300 million
preferred perpetual equity debt adjustment) to jump above 7x at the
transaction's closing from 4x as of Dec. 30, 2017, and reported
free operating cash flow (FOCF) to debt to fall to less than 2%.

"We also expect that the company will use excess cash flow to
invest in growth initiatives, rather than debt repayment, causing
leverage to remain elevated in the high-6x area over next 12
months. The increased interest burden will likely strain the
company's cash flow over the next two years and increase its
vulnerability to cyclical economic swings.

"The stable outlook reflects our expectation that the company's
leverage will decline to the mid-6x area over the next 12 months,
it will generate mid- to high-single-digit revenue and EBITDA
growth, and its FOCF will be modest as it reinvests to fund
growth.

"We could lower our corporate credit rating on Learning Care if the
company's operating performance weakens, resulting in FOCF
approaching breakeven levels. This could occur if employment trends
unexpected reverse, resulting in lower enrollment and insufficient
cash flow to fund the company's capital spending requirements and
debt service.

"Although unlikely over the next 12 months, we could consider an
upgrade if we project sustained reported FOCF of around $50 million
and expect debt balances to decline. This could occur if the
company's operating performance continues to improve due to
successful new center opening and increased center utilization."


LIBERTY TIRE: Moody's Withdraws Caa2 Corporate Family Rating
------------------------------------------------------------
Moody's Investors Service has withdrawn all of its ratings and
outlook for Liberty Tire Recycling Holdco, LLC.

Ratings Withdrawn:

Corporate Family Rating, previously rated Caa2

Probability of Default Rating, previously rated Caa2-PD

Senior Secured Term Loan B, previously rated Caa1 (LGD3)

Outlook, previously Stable

RATINGS RATIONALE

Moody's has withdrawn the ratings and outlook due to the term loan
being paid off following Carlyle Group's transaction to become the
majority equity sponsor.

Liberty Tire Recycling Holdco, LLC is a leading scrap-tire
collection and rubber recycling company in the United States and
Canada. Its three primary revenue streams are 1) Inbound Operations
which are fees received for used tire collections, 2) Grade Tires
or the resale of road-worthy tires, and 3) Outbound Products where
recycled tires are processed into various alternative applications.


LTD MANAGEMENT: L. D'Aoust to Serve as Pres. of Reorganized Debtor
------------------------------------------------------------------
LTD Management, Inc., amended its plan of reorganization to provide
that an existing shareholder -- Lisa D'Aoust will retain her
interest in the Debtor.

Ms. D'Aoust has contributed new value in excess of $19,000 to the
Debtor during the course of this Case.  In return for this new
value contribution, following confirmation of the Plan, Lisa
D'Aoust will serve as President of the Reorganized Debtor and will
be the sole equity holder of the Reorganized Debtor.

Under the Plan, the Debtor will utilize primarily the following
resources to fund the Debtor's obligations under the Plan: (a)
proceeds from the continued rental of the Real Property, (b)
proceeds of the loan from the DIP Lender; and (c) the "new value"
that already has been contributed by the Debtor's equity holder in
excess of $19,000 during the pendency of this case.

The Debtor has revived LTD Management, Inc. with the New Hampshire
Secretary of State which revival became effective December 19, 2017
by: filing the missing annual reports since administrative
dissolution; paying the required outstanding fees and charges; and
filing the application for revival. The New Hampshire Secretary of
State's online records show that LTD Management, Inc. is in good
standing. Also, the Reorganized Debtor has been in communication
with the State of New Hampshire regarding the environmental issues
on the Real Estate.  The Reorganized Debtor will provide access to
the State of New Hampshire for the removal of three underground
storage tanks ("USTs") from the Real Estate. The UST removal work
will be conducted by State of New Hampshire contractors. The New
Hampshire Department of Environmental Services believes that there
are three USTs partially on the property and partially on the
abutting property because imaging equipment has indicated that they
are there. Removal of the USTs will be at no cost to the Debtor,
the cost to be borne by a fund administered by the State. If upon
access to the site the existence of the USTs is confirmed, there is
an MTBE cleanup fund available to pay for the necessary soil
remediation. The Debtor's expense will be a $5,000 deductible that
the Debtor will be allowed to pay over time -- up to five years.
The Debtor believes, based on extensive discussions with John
Pasquale of the New Hampshire Department of Environmental Services,
that the $5,000 deductible is likely the full extent of its
financial liability related to the environmental conditions.

The Secured Claim of the Town of Raymond (Class One) will be paid
in full on or about the Effective Date of the Plan via a
Debtor-in-Possession ("DIP") loan. The loan extended by the DIP
lender will be secured by a priming mortgage on the Real Estate at
4% over 15 years with principal and interest payments being due on
the 15th day of each month. The estimated amount owed to the Town
of Raymond is $48,000. Thus, the estimated monthly payment to the
DIP lender will be $355, as compared to the monthly payment of
$1,219 that would be required to the Town of Raymond if the
interest rate continued at 18%. The DIP loan, therefore, helps the
Plan achieve feasibility and also serves as protection to those
holding junior liens as it reduces the rate at which interest would
accrue in the event of a default. The DIP lender will record a
mortgage at the Rockingham County Registry of Deeds along with a
copy of the Confirmation Order as evidence of its priming lien.

The Secured Claim of TD Bank, N.A. ("TD") (Class Two) will be paid
in full according to the terms of a modification to the existing
promissory note to be executed by the Reorganized Debtor before the
Effective Date. The loan will be amortized over twenty (20) years
at a fixed interest rate of 6%. The Debtor's payment obligations to
TD in relation to TD Bank, N.A.'s Allowed Secured Claim will
continue to be secured by the mortgage which was recorded at the
Rockingham County Registry of Deeds at Book 3811, Page 1033. It
will enjoy second priority position, immediately junior to the DIP
priming lien. TD is fully secured and, therefore, payment in the
manner described shall constitute payment in full of any and all
amounts owed to TD as of the Petition Date. The existing security
agreements and mortgage shall survive confirmation and shall secure
the modified promissory note subject only to the priming lien of
the DIP lender.

The Secured Claims of the Internal Revenue Service (Class Three and
Class Five) for Tax Years 2007, 2008, 2009, 2010, and 2011 are
secured via separate IRS tax liens that were recorded at Book 4943,
Page 020; Book 5435, Page 2204; Book 5479, Page 1297 and Book 5694,
Page 2816. They are deemed fully secured. The Allowed Class Three
and Class Five Claims shall be paid as provided herein. The total
Allowed Claim under Class Three and Class Five shall be paid with
4% interest via monthly payments over the 60 months following the
Effective Date of the Plan. The tax liens shall survive
confirmation and shall be released consecutively when the tax debt
associated with each is paid in full through the Plan.

The mortgage-related Claim of NFC (Class Four) is secured by a
mortgage in the amount of $150,000 that was recorded at the
Rockingham County Registry of Deeds at Book 5237, Page 1255; it
comes after the first IRS lien but before the other IRS liens. It
is deemed fully secured. Said Claim shall be paid pursuant to a
promissory note the terms of which shall be agreed to by the Debtor
and NFC and assumed by the Reorganized Debtor (the "Note") in the
principal amount of $150,000. Payments on the Note shall begin on
the thirtieth (30th) day following the Effective Date. The Note
will include provisions such as late fees and collection provisions
usual and customary in the industry outside of bankruptcy, the
exact terms of which will be agreed upon by NFC and the Debtor
before the Effective Date. The Debtor proposes to pay the Claim of
$150,000 at 6% interest over 20 years.

The attachment-related Secured Claim of NFC (Class Six ) is
purportedly secured by an attachment recorded at the Rockingham
County Registry of Deeds at Book 5701, Page 0541. The attachment is
recorded after the last of the IRS liens. The total amount due as a
Secured Claim under Class Five shall be based upon the Allowed
Secured Claim to the extent provided in 11 U.S.C. Section 506(a) of
the Bankruptcy Code. Thus, the total estimated amount of Claim Five
is $60,109. Claim Five shall be paid according to a promissory note
in the amount of $60,109 the terms of which shall be agreed upon by
NFC and the Debtor at 6% over 20 years and shall be paid in monthly
installments beginning on the thirtieth (30th) day following the
Effective Date.

NFC also will hold an Unsecured Claim (Class Seven) consisting of
the amount owed to NFC which, pursuant to 11 U.S.C. Section 506 of
the Bankruptcy Code, is not secured by the NFC attachment. Debtor
asserts that the amount of this Claim is $33,922.2 It shall be
treated as a general Unsecured Claim under the Plan.

A full-text copy of the Amended Disclosure Statement dated Jan. 3,
2018, is available at:

            http://bankrupt.com/misc/nhb17-10684-86.pdf

                       About LTD Management

Headquartered in Raymond, New Hampshire, LTD Management, Inc., was
formed in July 1992 for the purpose of owning real estate located
at 63 Route 27 Raymond, New Hampshire, and leasing out certain
units within the building.  Lisa D'Aoust owns a 100% interest in
LTD.

LTD Management filed for Chapter 11 bankruptcy protection (Bankr.
D.N.H. Case No. 17-10684) on May 10, 2017, estimating its assets
and liabilities at between $100,001 and $500,000.  Cheryl C.
Deshaies, Esq., at Deshaies Law, serves as the Debtor's bankruptcy
counsel.

No trustee or examiner has been appointed in the Debtor's case, and
no official statutory committee has yet been appointed or
designated by the U.S. Trustee.


MANN REALTY: Double M Objects to Disclosure Statement
-----------------------------------------------------
Double M Real Estate, LLC, and Martin L. Grass and Mark G. Caldwell
t/a Double M Development, object to the adequacy of the Amended
Disclosure Statement explaining Mann Realty Associates, Inc.'s plan
of reorganization, complaining, among other things, that the
valuation of the various parcels of real estate are totally
unsupported by any professional opinions other than that of the
principal of the Debtor.

To the extent that, later in the document, the Amended Disclosure
Statement represents that a Realtor has been retained to sell 11 of
the 12 properties belonging to the Debtor, there is no reference to
what that Realtor believes these properties are worth or that the
values reflected by the principal of the Debtor are agreed to by
the Realtor, Double M tells the Court.  This still leaves the
possibility that these properties are improperly valued with no
professional support and that the representations made by the
Amended Disclosure Statement and the Plan of Reorganization are
wrong, Double M points out.

Furthermore, Double M complains that the Debtor alleges that it
believes that the schedules are "reasonably accurate" even though
it acknowledges that the schedules differ from the Proofs of Claim
that have been filed in this case. Without being sufficiently
specific, this representation is misleading as it fails to signify
specifically with which claims there may be some disagreement,
Double M asserts.

Double M is represented by:

     Lawrence V. Young, Esq.
     CGA Law Firm
     135 North George Street
     York, PA 17401
     Tel: 717-848-4900

                  About Mann Realty Associates

Mann Realty Associates, Inc., previously filed a voluntary petition
under Chapter 11 of the Bankruptcy Code (Bankr. M.D. Pa. Case No.
17-00080) on Jan. 10, 2017.  The petition was a "pro se" filing, or
case filed without attorney.  The Debtor is an affiliate of Kimbob,
Inc., which sought bankruptcy protection on March 1, 2017 (Case No.
17-00836).

Mann Realty Associates again filed for Chapter 11 bankruptcy
protection (Bankr. M.D. Pa. Case No. 17-01334) on March 31, 2017.
In the petition signed by Robert M. Mumma, II, its president, the
Debtor estimated assets between $10 million and $50 million and
debt between $1 million and $10 million.  Judge Robert N. Opel II
presides over the case.  Craig A. Diehl, Esq., at the Law Offices
of Craig A. Diehl, serves as the Debtor's bankruptcy counsel.


MEDICAL SOLUTIONS: S&P Affirms 'B' CCR on PPR Holding Acquisition
-----------------------------------------------------------------
S&P Global Ratings affirmed its 'B' corporate credit rating on
Medical Solutions Parent Holdings Inc. The outlook is stable.

S&P said, "At the same time, we affirmed our 'B' issue-level rating
on subsidiary Medical Solutions Holdings Inc.'s first-lien credit
facility, which consists of the upsized $55 million revolver and a
$350 million term loan (sum of the existing $210 million term loan
and $140 million fungible incremental term loan). The recovery
rating is '3', indicating our expectation for meaningful recovery
(50%-70%; rounded estimate: 50%) in the event of payment default.

"In addition, we affirmed our 'CCC+' issue-level rating on
subsidiary Medical Solutions Holdings Inc.'s $65 million
second-lien credit facility. The recovery rating is '6' and
indicates our expectation for negligible recovery (0%-10%; rounded
estimate: 0%) in the event of payment default."

The affirmation reflects the acquisition of PPR, which enhances the
company's size and market share in the travel nursing space.
However, these qualities are somewhat offset by integration risk
and the lack of diversity from its current business lines.  Also,
the benefit of expansion into the post-acute care space is
uncertain given potential margin pressure being passed through from
skilled nursing facilities. As such, this acquisition does not
change the fundamentals of the business.

S&P said, "The stable outlook reflects our expectation that,
despite positive EBITDA growth and steady cash flow generation, the
company's adjusted debt leverage will remain above 5x given the
aggressive financial policies and investment objectives of the
private equity sponsor.

"We could lower the rating if Medical Solutions experiences an
unforeseen operating issue that results in meaningful customer
losses, weakened business from extended economic downturn and a
sharp contraction in EBITDA that leads to a reduction in free cash
flow generation to negligible levels. This scenario would entail a
gross margin contraction of about 400 basis points against our 2018
base-case scenario.

"Although unlikely over the next one to two years, we could raise
the rating if we expect the company to sustain leverage below 5x
and FFO to total debt of above 12%, though we would likely view any
improvement in credit metrics as temporary given our view that the
company's financial sponsor ownership would be supportive of
aggressive financial policies."


MESOBLAST LIMITED: Primary Endpoint Achieved in Cell Therapy Trial
------------------------------------------------------------------
Mesoblast Limited announced that the Phase 3 trial of its
allogeneic mesenchymal stem cell product candidate MSC-100-IV
(remestemcel-L) in children with steroid refractory acute Graft
versus Host Disease (aGVHD) has successfully met the primary
endpoint of Day 28 overall response (OR, complete + partial
response) rate.  

In the 55 children enrolled in Mesoblast's open-label Phase 3 trial
conducted across 32 sites in the United States, the Day 28 OR rate
was 69%, a statistically significant increase compared to the
protocol-defined historical control rate of 45% (p=0.0003).

Among patients who received at least one treatment infusion and
were followed up for 100 days (n=50), the mortality rate was 22%.
This is in contrast to Day 100 mortality rates as high as 70% in
patients who fail to respond to initial steroid therapy1,2,3.

The treatment regimen of remestemcel-L was well tolerated and the
incidence of adverse events was consistent with that expected from
the underlying disease state and in line with previous
remestemcel-L use.  

These safety and efficacy results are consistent with Mesoblast's
prior experience using remestemcel-L in 241 children treated under
an expanded access protocol, where Day 28 OR correlated with Day
100 survival4.

The Phase 3 study results were presented at the tandem annual
scientific meetings of the Center for International Blood & Marrow
Transplant Research (CIBMTR) and the American Society of Blood and
Marrow Transplantation (ASBMT) being held in Salt Lake City from
February 21-25, 2018.  Full results for this ongoing trial will be
provided in CY Q2 2018.

The Phase 3 trial's senior investigator, Dr Joanne Kurtzberg,
Jerome Harris Distinguished Professor of Pediatrics and Director of
the Pediatric Blood and Marrow Transplant Program at Duke
University Medical Center, said: "These children are a very
challenging patient population as they suffer from a particularly
aggressive and life-threatening disease for which there are
currently no available treatments.  We are now seeing that children
who receive remestemcel-L can have significant overall response
rates and reduced early mortality.

"We are delighted that Mesoblast has attained such an important
milestone towards delivering a potentially effective treatment for
this very serious and life threatening condition."

There are currently no products approved in the United States for
treatment of steroid-refractory aGVHD.  Given the serious nature of
this condition, in 2017 the United States Food and Drug
Administration (FDA) granted Mesoblast Fast Track designation for
the use of remestemcel-L to achieve improved overall response rate
in children with aGVHD.

Based on interactions with the FDA, Mesoblast believes that
successful results from the completed Phase 3 trial, together with
Day 180 safety and quality of life parameters in these patients,
may provide sufficient clinical evidence for filing for accelerated
approval of remestemcel-L in the United States.  The Phase 3 trial
is being conducted under a FDA Investigational New Drug Application
(NCT#02336230).

Mesoblast Chief Executive Dr Silviu Itescu stated: "These are
tremendous results that show the potential of our cell therapies to
make a substantial difference in the treatment of patients with
serious and life threatening diseases.  They are a testament to the
capabilities and expertise of the entire clinical, regulatory and
manufacturing teams at Mesoblast."

                        About Mesoblast

Australia-based Mesoblast Limited (ASX:MSB; Nasdaq:MESO) is a
global developer of innovative cell-based medicines.  The Company
has leveraged its proprietary technology platform, which is based
on specialized cells known as mesenchymal lineage adult stem cells,
to establish a broad portfolio of late-stage product candidates.
Mesoblast's allogeneic, 'off-the-shelf' cell product candidates
target advanced stages of diseases with high, unmet medical needs
including cardiovascular conditions, orthopedic disorders,
immunologic and inflammatory disorders and oncologic/hematologic
conditions.

Mesoblast Limited reported a net loss before income tax of US$90.21
million for the year ended June 30, 2017, a net loss before income
tax of US$90.82 million for the year ended June 30, 2016, and a net
loss before income tax of US$96.24 million for the year ended June
30, 2015.  As of Sept. 30, 2017, Mesoblast had US$671.9 million in
total assets, US$112.30 million in total liabilities and US$559.6
million in total equity.

PricewaterhouseCoopers, in Melbourne, Australia, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended June 30, 2017, noting that Company
has suffered recurring losses from operations that raise
substantial doubt about its ability to continue as a going concern.


MICROVISION INC: Amends Prospectus on $15 Million Stock Sale
------------------------------------------------------------
MicroVision, Inc. filed with the Securities and Exchange Commission
an amended Form S-1 registration statement relating to the offering
of shares of its common stock with a proposed maximum aggregate
offering price of $15 million.

The Company has granted the underwriters a 30-day option to
purchase additional shares of its common stock to cover
over-allotments, if any.

MicroVision's shares are traded on The NASDAQ Global Market under
the symbol "MVIS."  On Feb. 22, 2018, the last sale price of the
Company's common stock as reported on The NASDAQ Global Market was
$1.25 per share.

A full-text copy of the amended prospectus is available at:

                       https://is.gd/X0KTxZ

                         About MicroVision

Based in Redmond, Washington, MicroVision, Inc. --
http://www.microvision.com/-- is the creator of PicoP scanning
technology, an ultra-miniature laser projection and sensing
solution for mobile consumer electronics, automotive head-up
displays and other applications.  MicroVision's patented technology
is a single platform that can enable projected displays, image
capture and interaction for a wide array of future-ready products
in this rapidly evolving, always-on world.  MicroVision's IP
portfolio has been recognized by the Patent Board as a top 50 IP
portfolio among global industrial companies and has been included
in the Ocean Tomo 300 Patent Index.

MicroVision reported a net loss of $24.24 million for 2017 compared
to a net loss of $16.47 million for 2016.  As of Dec. 31, 2017, the
Company had $29.69 million in total assets, $24.83 million in total
liabilities and $4.86 million in total shareholders' equity.

"We have incurred substantial losses since inception and expect to
incur a significant loss during the fiscal year ending December 31,
2018.  We have funded operations to date primarily through the sale
of common stock, convertible preferred stock, warrants, the
issuance of convertible debt and, to a lesser extent, from
development contract revenues, product sales and licensing
activities.  There can be no assurance that additional capital will
be available or that, if available, it will be available on terms
acceptable to us on a timely basis.  We cannot be certain that we
will succeed in commercializing our technology or products.  These
factors raise substantial doubt regarding our ability to continue
as a going concern," the Company stated in its 2017 Annual Report.


MISSISSIPPI POWER: Moody's Affirms CFR Ba1 & Alters Outlook to Pos.
-------------------------------------------------------------------
Moody's Investors Service affirmed the ratings of Mississippi Power
Company, including its Ba1 Corporate Family Rating (CFR), Ba1
senior unsecured; Ba2-PD Probability of Default, Ba3 preferred
stock, and SG short-term pollution control revenue bond ratings.
The rating outlook was changed to positive from stable. Mississippi
Power's speculative grade liquidity (SGL) rating is downgraded to
SGL-4 from SGL-3.

Downgrades:

Issuer: Mississippi Power Company

-- Speculative Grade Liquidity Rating, Downgraded to SGL-4 from
    SGL-3

Outlook Actions:

Issuer: Mississippi Power Company

-- Outlook, Changed To Positive From Stable

Affirmations:

Issuer: Eutaw (City of) AL, Industrial Dev. Board

-- Senior Unsecured Revenue Bonds, Affirmed Ba1(LGD3)

-- Senior Unsecured Revenue Bonds, Affirmed S.G.

Issuer: Harrison (County of) MS

-- Senior Unsecured Revenue Bonds, Affirmed Ba1(LGD3)

-- Senior Unsecured Revenue Bonds, Affirmed S.G.

Issuer: Mississippi Business Finance Corporation

-- Senior Unsecured Revenue Bonds, Affirmed Ba1(LGD3)

-- Senior Unsecured Revenue Bonds, Affirmed S.G.

Issuer: Mississippi Power Company

-- Probability of Default Rating, Affirmed Ba2-PD

-- Corporate Family Rating, Affirmed Ba1

-- Pref. Stock Preferred Stock, Affirmed Ba3(LGD5)

-- Senior Unsecured Regular Bond/Debenture, Affirmed Ba1(LGD3)

RATINGS RATIONALE

"The positive outlook is prompted by the settlement agreement
approved earlier this month by the Mississippi Public Service
Commission (MPSC) that resolved the outstanding cost recovery
issues associated with the Kemper County generation facility," said
Michael G. Haggarty, Associate Managing Director. "Although the
agreement materially lowered Mississippi Power's revenue
requirements for the natural gas combined cycle portion of the
Kemper facility, it should allow the utility to gradually improve
its cash flow coverage metrics, assuming its regulatory environment
recovers from the adverse impact of the Kemper construction
project," added Haggarty. Moody's will monitor Mississippi Power's
future rate proceedings, regulatory treatment, and financial
performance, including an evaluation of its high reserve margins,
which the MPSC has required it to file by August 2018, to determine
if the utility's financial recovery will be sustained.

The settlement agreement was the culmination of months of
negotiations following the MPSC's June 2017 order halting
construction of the Kemper Integrated Gasification Combined Cycle
(IGCC) plant, authorizing its operation as a natural gas combined
cycle plant only, and encouraging a rate reduction for the
utility's residential customers, who pay some of the highest rates
in the region. Despite that order, Mississippi Power initially
proposed that its rates remain unchanged, filing for an annual
revenue requirement of $126.4 million -- the same amount that had
been in place since the Kemper natural gas combined cycle units
originally came into service in 2014, a return on equity (ROE) of
9.33%, and amortization of Kemper regulatory assets over 20 years.

The Mississippi Public Utilities Staff (MPUS) did not agree to or
sign off on the utility's proposal, partly due to their and the
MPSC's expressed desire for a residential rate reduction.
Mississippi Power argued that alternative settlements proposed by
the Staff and others would create a continuous, annual financial
drain on the utility; require a fundamental change in the utility's
business, and place its operations at risk. Moody's believe that
Mississippi Power's high customer rates (approximately 40% higher
than neighboring Entergy Mississippi's retail residential rates),
in a service territory with below average economic demographics and
excess reserve margins in the 50% range, all played a role in the
efforts by the Staff to try to mitigate the impact of the Kemper
natural gas plant on customer rates as much as possible.

The final settlement agreement ultimately agreed to by the Staff
and approved on February 6, 2018 provided for a rate reduction,
authorizing an annual revenue requirement of only $99.3 million,
down from an earlier, amended settlement agreement amount of $112.6
million, with the most recent decrease implemented solely to
account for the impact of federal tax reform legislation. On
February 7, 2018, Mississippi Power revised its annual Performance
Evaluation Plan ("PEP") filing for 2018 to reflect the impact of
this tax reform legislation, requesting an increase of $26 million
in annual revenues, based on a performance adjusted ROE of 9.33%
and an increased equity ratio of 55%, which will be addressed by
the MPSC over the next several months.

The final Kemper settlement included a lower fixed ROE of 8.6% for
2018, excluding any performance adjustment, and a 2019 ROE
calculated in accordance with the utility's PEP filing, again
excluding any performance adjustment, with the latest PEP filing
requesting an ROE of 9.33%. For future years, a performance based
ROE will be calculated pursuant to the PEP. The amortization of
regulatory assets was shortened to 8 years from the utility's
initially proposed 20 years. Because the settlement reflected a
disallowance of some of Mississippi Power's investment in the
Kemper natural gas combined cycle portion of the plant, both
Mississippi Power and parent Southern Company (Baa2 negative) took
an additional charge of approximately $78 million pre-tax ($48
million after-tax).

Although the settlement agreement resolves the Kemper cost recovery
uncertainty, the Ba1 CFR incorporates Moody's view that the
materially lower revenues being collected by Mississippi Power will
slow the utility's financial recovery and may challenge its ability
to sustain a CFO pre-working capital to debt ratio in the mid-teens
going forward. Moreover, the contentious nature of the settlement
negotiations, the inability of Mississippi Power and the MPUS to
reach a settlement earlier, and the strong position of both the
MPSC and the MPUS that the utility's high rates needed to be
reduced and reserve margins needed to be addressed, all point to a
regulatory environment that been seriously affected by the failed
Kemper IGCC project. It will likely take some time for the
regulatory relationship to return to its previously credit
supportive posture.

The downgrade of Mississippi Power's Speculative Grade Liquidity
Rating to SGL-4 from SGL-3 reflects the utility's weak liquidity,
with $900 million of unsecured bank term loans coming due in just
over one month on March 31, 2018. The utility does not have the
resources to pay off these term loans on a stand-alone basis and
expects to refinance them with external debt issuances and/or
borrowings from banks or the Southern parent company. Mississippi
Power's December 31, 2017 audited financial statements contemplate
the continuation of the utility as a going concern due to the
parent company's anticipated ongoing financial support. Mississippi
Power has been informed by Southern that the parent will provide it
with loans and/or equity to fund debt maturities and cash needs
over the next 12 months. This has been the case throughout the
Kemper construction period with Southern last making a $1 billion
capital contribution to Mississippi Power in June 2017.

At December 31, 2017, Mississippi Power had $248 million of cash on
hand, up slightly from $231 million at September 30, 2017. The
utility maintains $100 million of bank credit facilities that
expire in December 2018, of which none was drawn and $40 million
provided liquidity support to variable rate pollution control
revenue bonds. There is no material adverse change clause in its
bank credit facilities that could prevent borrowings but there are
covenants that limit debt levels to 65% of total capitalization as
defined in the agreement. As of December 31, 2017, the utility was
in compliance with this covenant.

Rating Outlook

The positive outlook on Mississippi Power is prompted by the
resolution of Kemper cost recovery issues provided by the recent
settlement agreement approved by the MPSC. Despite the material
rate reduction incorporated in the settlement, it should permit the
utility to gradually improve its financial performance, assuming
the regulatory environment fully recovers from the negative Kemper
construction experience and future rate proceeding outcomes are
credit supportive.

Factors That Could Lead to an Upgrade

An upgrade could be considered if there is evidence that the
regulatory environment has become more credit supportive; if future
rate proceedings are constructive, including its recently revised
PEP filing for federal tax reform; if the utility completes and
files a reserve margin plan as requested by the MPSC; and if it
exhibits an improvement in financial performance, including a ratio
of CFO pre-working capital to debt ratio comfortably above 13% on a
sustained basis.

Factors That Could Lead to a Downgrade

A downgrade is less likely give the positive outlook and the
resolution of the Kemper plant cost recovery uncertainty. However,
the outlook could revert to stable or a downgrade could occur if
the regulatory environment does not become more credit supportive;
if the utility's liquidity position does not improve materially
from its current high reliance on short-term financing, including
the imminent refinancing of its upcoming $900 million term loan
maturity; if Southern parent company support for Mississippi Power
unexpectedly diminishes; or if financial metrics remain weak,
including CFO pre-working capital to debt below 13%.

The principal methodology used in these ratings was Regulated
Electric and Gas Utilities published in June 2017.

Mississippi Power Company, headquartered in Gulfport, Mississippi,
is a regulated utility subsidiary of The Southern Company, a
utility holding company headquartered in Atlanta, Georgia.


MORNINGSIDE LLC: Taps Pearson Affiliated Inc as Real Estate Agent
-----------------------------------------------------------------
Morningside, LLC, seeks authority from the seeks authority from the
U.S. Bankruptcy Court for the Central District of California, Los
Angeles Division, to hire Gilad Schiowitz & Justin Naoe of Pearson
Affiliated, Inc., as real estate brokers to provide real estate
brokerage services with respect to the real property located at
1390 Morningside Way, Venice, CA 90291.

Compensation will be paid postpetition at 3.0% of the purchase
price.

Gilad Schiowitz, real estate agent of Pearson Affiliated, attests
that he and firm are disinterested persons within the meaning of 11
U.S.C. Sec. 101(14) and they do not hold or represent any interest
adverse to the estate.

The brokers can be reached at:

         Gilad Schiowitz
         Justin Naoe
         Pearson Affiliated, Inc.
         7304 Beverly Blvd., Ste. 101
         Los Angeles, CA 90036

                     About Morningside LLC

Morningside, LLC, is a privately-owned company in Venice,
California.  

Morningside is affiliated with 1060 Palms, LLC, which sought
bankruptcy protection on Oct. 3, 2017 (Bankr. C.D. Cal. Case No.
17-22183).

Morningside sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. C.D. Cal. Case No. 18-10692) on Jan. 22, 2018.  In the
petition signed by Yoni Guttman, managing member, the Debtor
estimated assets and liabilities of $1 million to $10 million.  The
Debtor tapped the Law Offices of Moses
S. Bardavid as its legal counsel.




MOUNTAIN BLUE: Court Denied Cash Use as Moot Due to Dismissal
-------------------------------------------------------------
Judge Caryl E. Delano of the U.S. Bankruptcy Court for the Northern
District of Georgia has entered an order denying Mountain Blue
Hotel Group, LLC's Motions to Turnover Property, To Use Cash
Collateral, For Approval of Property Management Agreement and To
Assume Franchise Agreement as moot.

Upon the motion filed by Secured Creditor Comm 2013-CCRE12 Suncrest
Towne Center Drive, LLC, the Court dismissed the Debtor's
bankruptcy case with prejudice.

As a result, the court-appointed Receiver for the Debtor's property
located at 150 Suncrest Towne Centre Drive, Morgantown, WV 26505 is
directed to pay to the U.S. Trustee the appropriate sum and any
applicable interest, and simultaneously provide to the U.S. Trustee
an appropriate affidavit indicating its knowledge of the cash
disbursements for the relevant period. The Receiver will also file
a monthly expenditure report for each month of expenditures since
the filing of the Debtor's bankruptcy case.

                  About Mountain Blue Hotel Group

Mountain Blue Hotel Group, LLC, owns the Hilton Garden Inn located
at 150 Suncrest Towne Centre Drive Morgantown, West Virginia.

Mountain Blue filed its first bankruptcy petition on Sept. 13, 2017
(Bankr. N.D. Ga. Case No. 17-66051).  The case was dismissed for
failure to meet deadlines set by the Bankruptcy Court.

Mountain Blue Hotel Group sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. N.D. Ga. Case No. 17-09667) on Nov. 15,
2017.  In the petition signed by William Abruzzino, its managing
member, the Debtor estimated assets and liabilities of $10 million
to $50 million.  Geoffrey S. Aaronson, Esq. at Aaronson Schantz
Beiley P.A., is the Debtor's counsel.


NAVIDEA BIOPHARMACEUTICALS: Settles Dispute with Sinotau
--------------------------------------------------------
Navidea Biopharmaceuticals, Inc., has entered into a settlement
agreement and mutual release with Beijing Sinotau Medical Research
Co., Ltd., pursuant to which both companies agreed to stipulate to
the voluntarily dismissal of all claims against each other with
prejudice.  The agreement also contained a mutual release of
claims.

Navidea and Sinotau, a Chinese pharmaceutical company, were
previously engaged in an ongoing dispute relating to rights for the
Tc 99m tilmanocept product in China and other claims.

                          About Navidea

Navidea Biopharmaceuticals, Inc., is a biopharmaceutical company
focused on the development and commercialization of precision
immunodiagnostic agents and immunotherapeutics.  Navidea is
developing multiple precision-targeted products based on its
Manocept platform to help identify the sites and pathways of
undetected disease and enable better diagnostic accuracy, clinical
decision-making, targeted treatment and, ultimately, patient care.

As of Sept. 30, 2017, Navidea had $22.60 million in total assets,
$6.59 million in total liabilities and $16.01 million in total
stockholders' equity.

For the year ended Dec. 31, 2016, Navidea reported a net loss of
$14.31 million compared to a net loss of $27.56 million for the
year ended Dec. 31, 2015.

"Based on our current working capital and our projected cash burn,
including the potential for the Company to pay up to an additional
$7 million to CRG depending upon the outcome of the Texas
litigation, management believes that the Company will be able to
continue as a going concern for at least twelve months following
the issuance of this Quarterly Report on Form 10-Q.  Our projected
cash burn also factors in certain cost cutting initiatives that
have been implemented and approved by the board of directors,
including reductions in the workforce and a reduction in facilities
expenses.  Additionally, we have considerable discretion over the
extent of development project expenditures and have the ability to
curtail the related cash flows as needed.  We believe all of these
factors are sufficient to alleviate substantial doubt about the
Company's ability to continue as a going concern," stated the
Company in its quarterly report for the period ended Sept. 30,
2017.


NEW ENTERPRISE: Moody's Rates Proposed $450MM Sr. Secured Notes B2
------------------------------------------------------------------
Moody's Investors Service assigned a B2 rating to New Enterprise
Stone & Lime Co., Inc.'s proposed $450 million of senior secured
notes due 2026. At the same time, the Corporate Family Rating was
affirmed at B3, the Probability of Default Rating at B3-PD, and the
senior unsecured notes were affirmed at Caa2. The rating outlook
was revised to positive.

These rating actions follow New Enterprise's announcement that the
company intends to offer $450 million of senior secured notes due
2026. The proceeds from the new secured notes, along with revolver
(unrated) borrowings and cash on hand, will be used to refinance
the existing $450 million term loan (unrated) and pay
transaction-related fees and expenses.

Assignments:

Issuer: New Enterprise Stone & Lime Co., Inc.

-- Senior Secured Regular Bond/Debenture, Assigned B2 (LGD3)

Affirmations:

Issuer: New Enterprise Stone & Lime Co., Inc.

-- Probability of Default Rating, Affirmed B3-PD

-- Corporate Family Rating, Affirmed B3

-- Senior Unsecured Regular Bond/Debenture, Affirmed Caa2 (LGD5)

Withdrawals:

Issuer: New Enterprise Stone & Lime Co., Inc.

-- Speculative Grade Liquidity Rating, Withdrawn , previously
    rated SGL-3

Outlook Actions:

Issuer: New Enterprise Stone & Lime Co., Inc.

-- Outlook, Changed To Positive From Stable

RATINGS RATIONALE

The outlook revision to positive from stable reflects improvement
in the company's construction end markets and adjusted EBIT to
interest coverage. New Enterprise's adjusted operating margin also
continues to improve. For the 12 months ended November 30, 2017,
adjusted operating margin improved to 12.2% from 11.7% at FYE 2017
and 8.7% at FYE 2016. The company's adjusted EBIT interest coverage
is now 1.3x following many years of weakness below 1.0x. Moody's
expect further improvement in these metrics in FY 2019. Over the
longer term, Moody's expect the company to benefit from improvement
in broader public construction spending, both at the federal level
and to a lesser extent at the state level. The outlook also assumes
the company will make progress in driving adjusted debt-to-EBITDA
closer to 5.0x by FYE 2019.

The B3 Corporate Family Rating reflects the company's modest scale,
seasonality of its business, limited geographic diversification,
exposure to cyclical construction end markets, concentration of
business with Pennsylvania DOT, and high financial leverage. The
rating, however, is supported by the company's good liquidity,
strong position in its core markets, stable construction spending,
improving operating margin, and prudent acquisition and growth
strategy.

New Enterprise has a good liquidity position reflecting its free
cash flow generation, modest cash balances and availability on its
$105 million ABL facility (unrated), offset by high working capital
needs and limited alternate liquidity sources as all assets are
fully encumbered. At November 30, 2017, the company had $7.7
million of unrestricted cash balance and had approximately $72
million available and no borrowings under its ABL credit facility.
New Enterprise has no debt maturities until July 2022 when its ABL
facility and $200 million senior unsecured notes mature. Under its
ABL, New Enterprise is subject to a springing fixed charge coverage
ratio if its total excess liquidity is at any time less than $10.5
million. The company would remain subject to the springing fixed
charge coverage ratio until its excess liquidity is above $12
million for 30 consecutive days. Moody's expect the company to
remain in compliance with an adequate cushion through fiscal year
2019.

An upgrade would be predicated upon New Enterprise generating
sustained free cash flow, increasing adjusted EBIT-to-interest
above 1.5x, and reducing adjusted debt-to-EBITDA closer to 5.0x.
Sustaining adjusted operating margin above 10% would also support a
ratings upgrade.

The ratings would likely be downgraded if the company were to
experience a decline in profitability, stemming from a reversal in
construction spending or operational challenges. The ratings could
also be downgraded if adjusted debt-to-EBITDA leverage increase to
over 7.0x, if adjusted EBIT-to-interest expense is sustained below
1.0x, or if liquidity deteriorates.

The principal methodology used in these ratings was Building
Materials Industry published in January 2017.

New Enterprise Stone & Lime, Co., Inc. ("New Enterprise") is a
privately held, vertically-integrated construction materials
supplier, heavy/highway construction contractor, and traffic safety
services and equipment provider. The company operates three
segments: construction materials, heavy/highway construction and
traffic safety services and equipment. New Enterprise operates,
owns or leases 56 quarries and sand deposits (42 active), 30 hot
mix asphalt plants, 19 fixed and portable ready mixed concrete
plants, three lime distribution centers and three construction
supply centers. The company also conducts operations through four
manufacturing facilities and a number of sales offices for its
safety services and equipment business. New Enterprise's operations
are primarily concentrated in Pennsylvania and Western New York,
with reach into the adjacent states including Maryland, West
Virginia, and Virginia. New Enterprise's traffic safety services
and equipment business sell products nationally and sells services
primarily in the eastern United States. For the 12 months ended
November 30, 2017, the company generated $650 million in revenue
and $125 million in adjusted EBITDA.


NORTH AMERICA STEEL: Case Summary & 20 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: North America Steel & Wire Inc.
        629 E. Butler Street
        Butler, PA 16002

Business Description: North American Steel & Wire is a
                      manufacturer of copper and zinc coated wires
                      in the United States.  Strategically located
                      in Butler, PA, USA, NASW has been cold
                      drawing steel rod to finished sizes, and
                      coating wires for nearly a half century.
                      The Company's wire drawing, and coating
                      machines were originally designed to feed
                      its internal line of fastening products,
                      which it sold under multiple leading brand
                      names.  Today, the Company continues to sell
                      copper coated closing carton staples under
                      the ISM Enterprises brand name, with copper
                      coated wires manufactured at its mill in
                      Butler, PA.  NASW specializes in both first
                      draw and redrawn wires.

Chapter 11 Petition Date: February 27, 2018

Case No.: 18-20718

Court: United States Bankruptcy Court
       Western District of Pennsylvania (Pittsburgh)

Debtor's Counsel: Michael Kaminski, Esq.
                  CALAIARO VALENCIK
                  428 Forbes Avenue, Suite 900
                  Pittsburgh, PA 15219-1621
                  Tel: 412-232-0930
                  Fax: 412-232-3858
                  E-mail: mkaminski@c-vlaw.com

Estimated Assets: $0 to $50,000

Estimated Liabilities: $1 million to $10 million

The petition was signed by Maroune Farah, president.

A full-text copy of the petition, along with a list of 20 largest
unsecured creditors, is available for free at
http://bankrupt.com/misc/pawb18-20718.pdf


NORTHERN OIL: Narrows Net Loss to $9.2 Million in 2017
------------------------------------------------------
Northern Oil and Gas, Inc., announced 2017 fourth quarter and full
year results and provided 2018 guidance.

Northern recorded a net loss of $9.2 million on $209.31 million of
total revenues for 2017, compared to a net loss of $293.49 million
on $144.90 million of total revenues for 2016.  In 2017, the net
loss was impacted by a loss on the extinguishment of debt, legal
settlement with the Company's former chief executive officer, and a
non-cash loss on the mark-to-market of derivative instruments. In
2016, the net loss was impacted by the non-cash impairment of oil
and natural gas properties and a non-cash loss on the
mark-to-market of derivative instruments.

Northern recorded a net loss of $23.8 million, or a loss of $0.37
per diluted share, for the fourth quarter of 2017, compared to a
net loss of $12.3 million, or a loss of $0.20 per diluted share,
for the fourth quarter of 2016.  The net loss in the fourth quarter
of 2017 was impacted by a non-cash loss on the mark-to-market of
derivative instruments of $33.6 million that was partially offset
by a $1.6 million income tax benefit.

"Strong fourth quarter results, including 9.3% sequential
production growth, provided an excellent finish to the year and
outstanding momentum as we enter 2018," commented Northern's
Interim President, Brandon Elliott.  "We are seeing excellent
results from wells added to production during 2017, suggesting
significant upside to the value from enhanced completions that
resides within the entirety of our acreage position.  Our
investment approach and our Williston Basin asset base, combined
with the steps we are taking to strengthen our balance sheet, are
setting the stage for us to accelerate our growth strategy as the
natural consolidator of non-operated working interest in the
Williston Basin."

At Dec. 31, 2017, Northern had available liquidity of approximately
$202.2 million, comprised of $102.2 million in cash on hand and
$100 million of delayed draw term loan availability.

As of Dec. 31, 2017, Northern Oil had $632.25 million in total
assets, $1.12 billion in total liabilities and a total
stockholders' deficit of $490.84 million.

                        2018 Guidance

Northern is raising guidance and now expects 2018 total annual
production to increase by 16 - 20% over 2017 levels, based on the
expectation of adding between 20 and 22 net wells to production
during the year.  Due to winter weather and the potential for road
restrictions during the spring, net well additions are expected to
be weighted to the second half of 2018.  Capital expenditures are
expected to total between $165 - $180 million.  This budget is
comprised of $152 - $167 million in drilling and completions
capital assuming the addition of 20 - 22 net wells to production
during the year and approximately $13 million in workover, acreage
and other capitalized costs.

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

                     https://is.gd/uQT5sW

                       About Northern Oil    

Minnetonka, Minnesota-based Northern Oil and Gas, Inc. --
http://www.NorthernOil.com/-- is an exploration and production
company with a core area of focus in the Williston Basin Bakken and
Three Forks play in North Dakota and Montana.

                          *     *     *

In December 2017, Moody's Investors Service affirmed Northern Oil
and Gas, Inc.'s (NOG) 'Caa2' Corporate Family Rating (CFR), Caa2-PD
Probability of Default Rating (PDR), and 'Caa3' senior unsecured
notes rating.  NOG's Caa2 CFR reflects its high leverage, weak
asset coverage of debt (under 1x), modest scale and Moody's
expectations that NOG's cash flows will continue to be challenged
through 2018.

In February 2018, S&P Global Ratings lowered its corporate credit
rating on Northern Oil and Gas Inc. to 'CC' from 'CCC+'.  The
downgrade follows the announcement that Northern Oil and Gas has
entered into a privately negotiated agreement to exchange $497
million of its 8% senior unsecured notes due 2020 ($700 million
total outstanding) for $344 million of new 8.5% second-lien notes
due 2023 and $155 million in equity.


NUTRITION CARE: Hires MRO Attorneys at Law LLC as Attorney
----------------------------------------------------------
Nutrition Care, Inc. seeks authority from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ the law firm of MRO
Attorneys at Law, LLC, as attorneys for Debtor to represent Debtor
in the Chapter 11 case, to give the Debtor legal advise with
respect to its powers and duties as a debtor in possession in the
continued operation of the Debtor’s business, and to perform all
legal services for the Debtor as may be necessary in the
reorganization of the Debtor's business.

Hourly rates charged by MRO are:

     Myrna L. Ruiz-Olmo, Esq.       $200
     Tomas F. Blanco Perez, Esq.    $150

A retainer fee of $8,283 was paid by Nutrition Care, Inc. and
Francisca Resto Montañez, each, while $3,000 was paid by Frances
Management, Services Corp., all prior to the bankruptcy filing.

Myrna L. Ruiz-Olmo, Esq., attests that her firm represents no
interest adverse to petitioner or to the estate of the Debtor and
is a disinterested person as defined in 11 U.S.C. Sec. 101 (14).

The counsel can be reached through:

        Myrna L. Ruiz-Olmo, Esq.
        Tomas F. Blanco Perez, Esq.
        MRO Attorneys at Law LLC
        P.O. Box 367819
        San Juan, PR 00936-7819
        Tel. 787-237-7440
        E-mail: mro@prbankruptcy.com

                      About Nutrition Care

Based in Bayamon, Puerto Rico, Nutrition Care, Inc., is a retailer
store that sells a total of 23 Medicare chargeable items.

Nutrition Care filed a Chapter 11 petition (Bankr. D.P.R. Case No.
18-00394) on Jan. 28, 2018, estimating under $1 million in assets
and liabilities.  Myrna L. Ruiz-Olmo, Esq. and Tomas F. Blanco
Perez, Esq., at MRO Attorneys at Law LLC, serve as counsel to the
Debtor.


NUVISTA ENERGY: S&P Assigns 'B' CCR & Rates New Unsec. Notes 'B+'
-----------------------------------------------------------------
S&P Global Ratings said it assigned its 'B' long-term corporate
credit rating to Calgary, Alta.-based NuVista Energy Ltd. The
outlook is stable.

At the same time, S&P Global Ratings assigned its 'B+' issue-level
rating and '2' recovery rating to NuVista's proposed C$150 million
senior unsecured notes due 2023. The '2' recovery rating indicates
our expectation of substantial (70%-90%; rounded estimate 85%)
recovery in S&P's hypothetical default scenario.

S&P said, "The ratings reflect our view that NuVista has a
relatively small daily production level and proved reserves base,
as well as high geographic and product concentration. Moreover,
what we consider NuVista's less-than-adequate liquidity limits the
rating, because the company fully relies on the 364-day revolving
credit facility to bridge the gap between funds from operations
(FFO) and capital spending. We assume the company will continuously
extend its revolving credit facility maturity to support its
capital expenditure plan during the next 12 months.

"The company's good market diversification, a good cost profile,
and average profitability compared with that of its North American
peers partially offset these weaknesses. In addition, we expect
that NuVista will continue reporting strong credit ratios, with
forecast two-year (2018-2019) weighted-average FFO-to-debt of
40%-60%, led by production growth, high exposure to condensates,
and competitive cost profile. We forecast negative free operating
cash flow (FOCF) in the next two years based on capital
expenditures of C$270 million-C$310 million in 2018 to boost daily
production.  

"The stable outlook reflects our expectation that NuVista's
increased production and cash flow growth will meet our base-case
scenario resulting in two-year (2018-2019), weighted-average
FFO-to-debt of 40%-60% and negative FOCF. The outlook further
reflects our expectation that the company will continuously extend
its revolving credit facility maturity to support its capital
spending plan.

"We could take a negative rating action if NuVista's liquidity
deteriorates due to lower-than-expected FFO generation, which could
result in sources over uses of cash below 1x; or if the company
does not extend its revolving credit facility maturity in the next
12 months to support its capital spending plan.

"We could take a positive rating action if NuVista improves
liquidity profile reaching and maintaining sources over uses of
cash above 1.2x in the next 12 months. We could also take a
positive rating action if the company materially increases its
average daily production and PD reserve ratio to levels more
comparable with those of higher-rated peers."


OHLONE TRIBE: Hires Odeha Warren Law as General Counsel
-------------------------------------------------------
Ohlone Tribe of Carmel First Settlers of Chino Valley, CA, Inc.,
seeks authority from the U.S. Bankruptcy Court for the Central
District of California to hire the Law Office of Odeha Warren as
general counsel.

Services to be provided by Odeha Warren are:

     a. advise and consult with Debtor concerning questions arising
in the conduct of the administration of the estate and concerning
Debtor's rights and remedies with regard to the estate's assets and
the claims of creditors and other parties in interest;

     b.appear in the preparation of such pleadings, motions,
notices and orders as required for the orderly administration of
this estate and to consult with and advise Debtor in connection
with the operation of or termination of the operation of the
business of Debtor;

     c. assist in the preparation of such pleadings, motions,
motives and orders as required for the orderly administration of
this estate; and to consult with and advise Debtor in connection
with the operation of or the termination of the operation of the
business of Debtor;

     d. assist in the formulation and preparation of a Plan of
Reorganization, and to seek approval of that Plan and any related
Disclosure Statements.

The Debtor and the Law Firm of Odeha Warren agree that there will
be no fee paid by the Debtor.  A previous retainer in the amount of
$7,500 was paid for a bankrupty filing in Case No. 6:17-bk-19965.
This case was dismissed.

Odeha Warren, Esq. attests that neither he, nor any member of his
Office holds, or represents any interest adverse to the estate of
the Debtorand is a disinterested person as that term is defined in
11 U.S.C. Sec. 101(14).

The firm can be reached through:

         Odeha L Warren, Esq.
         LAW OFFICE OF ODEHA WARREN
         25096 Jefferson Ave, Ste C
         Murrieta, CA 92563
         Tel: 951-216-5577
         Fax: 888-665-2294
         E-mail: odeha.warren@gmail.com

                   About Ohlone Tribe of Carmel

Ohlone Tribe of Carmel is a domestic nonprofit corporation based in
Rancho Cucamonga, California.  This organization is primarily
engaged in activities related to real estate.  Ohlone Tribe is the
fee simple owner of a parcel of land in the city of Hesperia
commonly known as 15400 hwy 173, Hesperia, California valued by the
company at $13 million.  Ohlone Tribe previously sought bankruptcy
protection on Dec. 4, 2017 (Bankr. C.D. Cal. Case No. 17-19965).

Ohlone Tribe of Carmel filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 18-10381) on Jan. 18, 2018.  In the petition signed
by CEO David Vargas, the Debtor disclosed $13.01 million in total
assets and $3.40 million in total liabilities.  The case is
assigned to Judge Mark D. Houle.  Odeha Warren, Esq., at Law Office
of Odeha Warren, is the Debtor's counsel.


PEREZ BROTHERS: Hires Michael Jay Berger Law as Bankruptcy Counsel
------------------------------------------------------------------
Perez Brothers Transport, LLC, seeks authority from the U.S.
Bankruptcy Court for the Central District of California, Los
Angeles Division, to hire the Law Offices of Michael Jay Berger as
general bankruptcy counsel.

Services to be rendered by the counsel are:

     a. prepare the Debtor's chapter 11 bankruptcy petition and all
supporting schedules;

     b. advise the Debtor of its legal rights and obligation in a
bankruptcy proceeding;

     c. work with the Debtor to satisfy the compliance reporting
requirements of the Office of the United States Trustee;

     d. prepare status reports as required by the Court; and

     e. respond to any motions filed in the Debtor's bankruptcy
proceeding.

The Firm's standard hourly rates are:

     Michael Jay Berger, Esq.                    $525
     Sofya Davtyan, senior associate attorney    $425
     Samuel Boyamian, associate attorney         $275
     Carolyn M. Afari, mid-level attorney        $350
     Senior Bankrupty Paralegals                 $225
     Bankrupty Paralegals                        $200

Michael Jay Berger, Esq., sole owner of the firm, attests that his
firm is not a creditor, an equity security holder or an insider of
the Debtor; and does not have an interest materially adverse to the
interest of the estate.
    
The firm can be reached through:

         Michael Jay Berger, Esq.
         LAW OFFICES OF MICHAEL JAY BERGER
         9454 Wilshire Boulevard, 6th Floor
         Beverly Hills, CA 90212-2929
         Tel: 310-271-6223    
         Fax: 310-271-9805
         E-mail: michael.berger@bankruptcypower.com

               About Perez Brothers Transport

Perez Brothers Transport, LLC, is a privately held trucking company
in Montebello, California.  Its principal place of business is
located at 8981 Kendall Avenue, South Gate, CA 90280.

Perez Brothers Transport filed a Chapter 11 petition (Bankr. C.D.
Cal. Case No. 18-10589) on Jan. 18, 2018.  In the petition signed
by Fernando Perez, managing member, the Debtor estimated $100,000
to $500,000 in assets and $1 million to $10 million in liabilities.
The case is assigned to Judge Vincent P. Zurzolo.  Michael Jay
Berger, Esq. at Law Offices of Michael Jay Berger represents the
Debtor as counsel.




PIN OAK: Trustee Seeks Additional 120 Days to File Chapter 11 Plan
------------------------------------------------------------------
Robert L. Johns, the Chapter 11 Trustee in the case of Pin Oak
Properties, LLC, requests the U.S. Bankruptcy Court for the
Northern District of West Virginia to provide the Debtor an
additional 120 days to file a proposed Plan of Reorganization.

Pursuant to Section 1121(b) of the Bankruptcy Code, the Debtor may
exclusively filed a plan of reorganization up until 120 days after
the date of the order for relief, but the Court previously extended
the period by 120 days to March 1, 2018. However, the Trustee does
not anticipate filing a proposed Plan by March 1.

The Trustee was just recently been appointed in this case and has
been diligently working to determine how best to administer this
case for the benefit of the estate and creditors of the estate. The
Trustee has met with interested parties, including the principal of
the Debtor, representatives of the primary secured creditor and the
assistant U.S. Trustee. Currently, the Trustee is still evaluating
potential restructuring of the Debtor's debts, as well as a
possible sale under Section 363 in lieu of reorganization.

Accordingly, the Trustee believes good cause exists for the Court
to grant his request and further increase the exclusivity period by
an additional 120 days to provide the Trustee the opportunity to
file a viable Plan capable of acceptance and consummation.

Counsel for the Chapter 11 Trustee:

         Wendel B. Turner, Esq.
         Robert L. Johns, Esq.
         Turner & Johns, PLLC
         216 Brooks Street, Suite 200
         Charleston, WV 25301

                  About Pin Oak Properties

Pin Oak Properties, LLC, operates the Middletown Mall located at
9429 W Mill Street, White Hall, Marion County, West Virginia.

Pin Oak Properties filed a Chapter 11 petition (Bankr. N.D. W.Va.
Case No. 17-00608) on June 7, 2017.  Dietrich Steve Fansler, its
managing member and 100% owner, signed the petition.

The Hon. Patrick M. Flatley is the case judge.

The Debtor has hired Gianola, Barnum, Bechtel & Jecklin, LC, in
Morgantown, West Virginia, as counsel; and Steven G. Williams,
CPA/ABV, as accountant.

An official committee of unsecured creditors has not been appointed
in the Chapter 11 case.

The Court has approved the appointment of Robert L. Johns as the
Chapter 11 Trustee in this case.  The Trustee tapped his firm,
Turner & Johns, PLLC, to represent him in the Chapter 11 case.


POTOMAC XPRESS: Hires Gorski & Knowlton PC as Counsel
-----------------------------------------------------
Potomac Xpress LLC seeks authority from the U.S. Bankruptcy Court
for the Eastern District of Pennsylvania to hire Gorski & Knowlton
PC as counsel.

The professional services of Gorski & Knowlton are to render
include:

     a. give the Debtor legal advice with respect to its duties and
powers in this case;

     b. assist the Debtor in its investigation of the acts,
conduct, assets, liabilities, and financial condition of the
Debtor, the operation of the Debtor’s business and the
desirability of the continuance of such business, and any other
matter relevant to the case or to the formulation of a plan;

     c. participate with the Debtor in the formation of a plan;

     d. perform such other legal services as may be required and in
the interests of Debtor.

The 2018 hourly rates of the attorneys and paralegal are:

          Carol L. Knowlton     $400
          Allen I. Gorski       $400
          Paralegal             $175
  
Carol L. Knowlton, a partner at the law firm of Gorski & Knowlton,
attests that does not hold any interest adverse to the Debtor's
estate in connection with this case, is a disinterested party, and
represents or holds no interest adverse to the interests of the
estate with respect to the matters upon which they are to be
employed.  Further, the Firm is a "disinterested person" as that
term is defined in 11 U.S.C. Sec. 101(14).

The firm can be reached through:

         Carol L. Knowlton, Esq.
         GORSKI KNOWLTON PC
         311 Whitehorse Avenue, Suite A
         Hamilton, NJ 08610
         Tel: 609-964-4000    
         Fax: 609-585-2553
         E-mail: cknowlton@gorskiknowlton.com

                     About Potomac Xpress

Potomac Xpress LLC, which operates a trucking business, filed a
Chapter 11 petition (Bankr. E.D. Pa. Case No. 18-10935) on Feb. 9,
2018, estimating under $1 million in assets and liabilities.  Judge
Ashely M. Chan is the case judge.  Carol L. Knowlton, Esq., at
Gorski & Knowlton PC, in Hamilton, New Jersey, is the Debtor's
counsel.


QUAD/GRAPHICS INC: S&P Affirms 'BB-' CCR, Outlook Stable
--------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating on
U.S.-based commercial printer Quad/Graphics Inc. The rating outlook
remains stable.

S&P said, "At the same time, we affirmed our 'BB-' issue-level
rating and '3' recovery rating on the company's senior secured
credit facility. The '3' recovery rating remains unchanged,
indicating our expectation for meaningful (50%-70%; rounded
estimate: 60%) recovery in the event of a payment default.

"We also affirmed our 'B' issue-level rating and '6' recovery
rating on the company's senior unsecured notes. The '6' recovery
rating remains unchanged, indicating our expectation for negligible
(0%-10%; rounded estimate: 0%) recovery in the event of payment
default.

"The rating affirmation reflects our view that the U.S. printing
industry is in secular decline, Quad's product end-markets face
intense pricing pressure, and its leverage is significant in the
mid-to high-2x range, given the challenging business environment.
These factors are only partially offset by Quad's leading market
position as the second-largest U.S. commercial printer, its good
margin stability, and its good free operating cash flow (FOCF) to
debt in the mid- to low-20% range.

"The stable outlook reflects our expectation that Quad will
maintain FOCF to debt in the mid- to low-20% range, leverage in the
mid-to-high-2x area, and adjusted EBITDA margins in the 10% area,
despite our base-case forecast that its organic revenue will
decline at a mid-single-digit percentage rate in 2018. We also
expect that Quad will continue to effectively manage its costs and
capital investment to maintain its healthy free cash flow
generation.

"We could lower the corporate credit rating if we believe Quad will
likely maintain FOCF to debt below 15% and leverage above 3.5x.

"This could result from mid- to high-single-digit percentage
revenue declines or EBITDA margin declines due to the difficulties
reducing costs in line with revenue declines. Furthermore, we could
lower the rating if covenant cushion declines below 15% or if the
company pursues a large-debt financed acquisition that results in a
sharp increase in leverage. If the secular decline of the industry
accelerates we could reassess our downside scenario.

"We could raise the rating if the company stabilizes and grows
organic revenue while continuing to lower leverage. Under this
scenario, we would be more confident that growth in the company's
multichannel marketing revenues and EBITDA generation could offset
print revenue declines."


QUOTIENT LIMITED: QBDG Holds 6.9% of Ordinary Shares as of Dec. 31
------------------------------------------------------------------
Quotient Biodiagnostics Group Limited (QBDG) disclosed in a
regulatory filing with the Securities and Exchange Commission that
as of Dec. 31, 2017, it beneficially owns 3,158,509 ordinary shares
of Quotient Limited, which shares QBDG holds directly, constituting
6.93 percent of the shares outstanding.

D.J. Paul E. Cowan beneficially owns 3,496,565 Ordinary Shares,
consisting of (a) 3,158,509 Ordinary Shares beneficially owned by
Mr. Cowan's spouse, Deidre Cowan, who exercises sole voting and
dispositive power over the Ordinary Shares held of record by QBDG,
(b) 58,145 Ordinary Shares held directly by Mr. Cowan, (c) 11,667
Ordinary Shares Mr. Cowan may acquire upon the exercise of options
to purchase Ordinary Shares at $11.92 per Ordinary Share, which
options are exercisable as of the date of this filing, (d) 123,431
Ordinary Shares Mr. Cowan may acquire upon the exercise of options
to purchase Ordinary Shares at $3.29 per Ordinary Share, which
options are exercisable as of the date of this filing, (e) 90,000
Ordinary Shares Mr. Cowan may acquire upon the exercise of options
to purchase Ordinary Shares at $8.00 per Ordinary Share, which
options are exercisable as of the date of this filing, (f) 23,334
Ordinary Shares Mr. Cowan may acquire upon the exercise of options
to purchase Ordinary Shares at $15.17 per Ordinary Share, which
options are exercisable as of the date of this filing, and (g)
31,479 Ordinary Shares Mr. Cowan may acquire upon the exercise of
warrants at $5.80 per Ordinary Share, which warrants are
exercisable as of the date of this filing.

Deidre Cowan, Mr. Cowan's spouse, beneficially owns 3,158,509
Ordinary Shares, consisting of the 3,158,509 Ordinary Shares held
of record by QBDG.  Mrs. Cowan is the sole shareholder of QBDG and,
in that capacity, exercises sole voting and dispositive power over
the shares held of record by QBDG.

The percentage of Ordinary Shares beneficially owned by each
Reporting Person is based on a total of 45,588,091 Ordinary Shares
of the Issuer outstanding as of Feb. 5, 2017, as reported on the
Issuer's Quarterly Report on Form 10-Q for the quarter ended
Dec. 31, 2017.

A full-text copy of the Schedule 13G/A is available for free at:

                      https://is.gd/HU5RRG

                     About Quotient Limited

Penicuik, United Kingdom-based Quotient Limited --
http://www.quotientbd.com/-- develops, manufactures and sells
products for the global transfusion diagnostics market.  Products
manufactured by the Group are sold to hospitals, blood banking
operations and other diagnostics companies worldwide.  Quotient
Limited completed an initial public offering for its ordinary
shares on April 30, 2014 pursuant to which it issued 5,000,000
units each consisting of one ordinary share, no par value and one
warrant to purchase 0.8 of one ordinary share at an exercise price
of $8.80 per whole ordinary share, raising $40 million of new
equity share capital before issuing expenses.

Quotient Limited reported a net loss of US$85.06 million on
US$22.22 million of total revenue for the year ended March 31,
2017, compared to a net loss of US$33.87 million on US$18.52
million of total revenue for the year ended March 31, 2016. As of
Dec. 31, 2017, Quotient Limited had US$137.78 million in total
assets, US$133.96 million in total liabilities and US$3.82 million
in total shareholders' equity.

Ernst & Young LLP, in Belfast, United Kingdom, issued a "going
concern" opinion in its report on the consolidated financial
statements for the year ended March 31, 2017, citing that the
Company has recurring losses from operations and planned
expenditure exceeding available funding that raise substantial
doubt about its ability to continue as a going concern.


RAGGED MOUNTAIN: Trustee Hires Notinger Law PLLC as Counsel
-----------------------------------------------------------
Steven M. Notinger, Chapter 7 Trustee of Ragged Mountain Equipment,
Inc. and Hurricane Mountain Equipment, LLC, seeks authority from
the U.S. Bankruptcy Court for the District of New Hampshire, to
hire Notinger Law, PLLC, as counsel to the jointly administered
Chapter 11 Debtors.

Services required of Notinger are:

     a. prepare and file schedules;

     b. attend to cash collateral issues and other first day
motions;

     c. negotiate with secured creditors;

     d. prepare, file and get approved a disclosure statement(s)
and a plan or plans of reorganization, joint
administration/substantive consolidation issues; and

     e. attend to any other issues which arise in the context of a
Chapter 11 case.   

Attorneys in the firm have hourly rates of $310.00 per hour.  Legal
Assistants and paralegals in the firm have hourly rates of $125.00
per hour.

Steven M. Notinger, Esq., a partner at the law firm of Notinger
Law, attests that NL, its members, and associates do not hold any
interest adverse to the Debtors, the Office of the United States
Trustee, or any other party in interest in this case, or their
respective attorneys or other related professionals.

The firm can be reached through:

          Steven M. Notinger, Esq.
          Deborah A. Notinger, Esq.
          Notinger Law, PLLC
          7A Taggart Drive
          Nashua, NH 03060
          Tel: (603) 417-2158
          E-mail: debbie@notingerlaw.com
                  steve@notingerlaw.com

               About Ragged Mountain Equipment

Ragged Mountain Equipment, Inc., doing business as Durable Designs
-- http://raggedmountain.com/-- operates a sporting goods store in
Intervale, New Hampshire.  The company offers equipment for
camping, climbing, skiing, and pets such as handwear, gaiters,
headgear, luggage and buckles.
  
Ragged Mountain Equipment and its affiliate Hurricane Mountain
Equipment LLC filed Chapter 11 petitions (Bank. D.N.H. Case Nos.
18-10091 and 18-10092) on Jan. 25, 2018.

In the petitions signed by Robert D. Nadler, authorized
representative, Ragged Mountain disclosed $627,408 in assets and
$2,060,000 in liabilities; and Hurricane Mountain estimated
$500,000 to $1 million in assets and $500,000 to $1 million in
liabilities.

Steven M. Notinger, Esq., at Notinger Law, PLLC, serves as counsel
to the Debtors.


RAMKABIR INVESTMENTS: Taps Thames Markey as Legal Counsel
---------------------------------------------------------
Ramkabir Investments, Inc., seeks approval from the U.S. Bankruptcy
Court for the Middle District of Florida to hire Thames Markey &
Heekin, P.A., as its legal counsel.

The firm will assist the Debtor in the preparation and
implementation of a plan of reorganization and will provide other
legal services related to its Chapter 11 case.

The firm charges an hourly fee of $465 for the services of its
senior partners.  Paralegals charge $125 per hour.

Thames Markey was paid a retainer of $55,000 by Ramkabir Chief
Executive Officer Nimesh Patel prior to the petition date.

Robert Heekin, Jr., Esq., a member of Thames Markey, disclosed in a
court filing that he and his firm do not hold or represent any
interest adverse to the Debtor or its estate and creditors.

Thames Markey can be reached through:

         Robert A Heekin, Jr., Esq.
         Thames Markey & Heekin, P.A.
         50 N. Laura Street, Suite 1600
         Jacksonville, FL 32202
         Tel: 904-358-4000
         Fax: 904-358-4001
         E-mail: rah@tmhlaw.net
                 abd@tmhlaw.net

                  About Ramkabir Investments

Ramkabir Investments, Inc., which conducts business under the name
Boston's Restaurant & Bar, is a sports-bar chain located at 13070
City Station Dr., Jacksonville, Florida.

Ramkabir Investments sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-00342) on Feb. 5,
2018.  In the petition signed by CEO Nimesh H. Patel, the Debtor
estimated assets and liabilities of $1 million to $10 million.
Judge Paul M. Glenn presides over the case.  Thames Markey &
Heekin, P.A., is the Debtor's legal counsel.


RAND LOGISTICS: Plan Confirmation Hearing Continued to Feb. 28
--------------------------------------------------------------
Vince Sullivan, writing for Bankruptcy Law360, reports that a
decision from a Delaware bankruptcy judge on the Chapter 11 plan
confirmation of Rand Logistics will have to wait a day after the
court on Feb. 27 said it needed to take some time to consider
objections raised by the U.S. government to the short-track plan
process.

On Feb. 27, a hearing to consider, among other things, entry of an
order confirming the Debtors' Joint Prepackaged Chapter 11 Plan of
Reorganization and approving the Disclosure Statement for the
Debtors' Joint Prepackaged Chapter 11 Plan of Reorganization was
held before the Hon. Brendan L. Shannon, Chief United States
Bankruptcy Judge, in the United States Bankruptcy Court for the
District of Delaware.  At the Combined Hearing, the Court directed
that a telephonic hearing with respect to the Court's ruling on
entry of the DS Approval/Confirmation Order will be held on Feb. 28
at 10:00 a.m. (Eastern Time) before the Court.

As reported by the Troubled Company Reporter, the Debtors' Joint
Prepackaged Chapter 11 Plan of Reorganization has been extensively
negotiated with and has the support of the agent and sole lender
under the Second Lien Credit Agreement, Lightship Capital LLC.

The Debtors are pleased to report that after extensive, good-faith
and arm's-length negotiations with Lightship Capital, the Plan
embodies a settlement among the Debtors and their key stakeholders
on a consensual deleveraging transaction which provides for the
implementation of a restructuring through an expedited chapter 11
process.

The key terms of the Plan include, without limitation, the
following:

   (a) Payment in full, in the ordinary course of business, or
reinstatement of allowed Class 5 General Unsecured Claims,
including those held by trade vendors, suppliers and customers;

   (b) Payment in full, in cash, of all Allowed Administrative
Claims, Allowed Professional Fee Claims, Allowed Priority Tax
Claims, Allowed Statutory Fee Claims, Allowed DIP Claims, Allowed
Other Priority Claims and Allowed Other Secured Claims;

   (c) Payment in full, in Cash, of all Allowed First Lien Claims;

   (d) Conversion of Allowed Second Lien Claims into 100% of the
New Common Stock, subject to dilution on account of the Equity
Incentive Program, resulting in the elimination of approximately
$92 million of debt;

   (e) Cancellation of the Existing Preferred Shares and the
Existing Common Shares;

   (f) Entry into the Exit Facility Credit Agreement to ensure
adequate liquidity at exit; and

   (g) Prompt emergence from the Chapter 11 Cases.

Overall, the Plan is designed to augment the Debtors' liquidity,
continue the Debtors' operations with minimal disruption, preserve
the going-concern value of the Debtors' business, maximize
recoveries for stakeholders and protect the jobs of the Debtors'
employees.

A full-text copy of the Disclosure Statement is available at:

            http://bankrupt.com/misc/deb18-10175-14.pdf

                      About Rand Logistics

Rand Logistics, Inc. -- http://www.randlogisticsinc.com/--
provides bulk freight shipping services in the Great Lakes region.
Through its subsidiaries, the Company operates a fleet of ten
self-unloading bulk carriers, including eight River Class vessels
and one River Class integrated tug/barge unit, and three
conventional bulk carriers, of which one is operated under a
contract of affreightment.  The Company's vessels operate under the
U.S. Jones Act -- which dictates that only ships that are built,
crewed and owned by U.S. citizens can operate between U.S. ports --
and the Canada Marine Act -- which requires Canadian commissioned
ships to operate between Canadian ports. Headquartered in Jersey
City, New Jersey, Rand Logistics was formed in 2006 through the
acquisition of the outstanding shares of capital stock of Lower
Lakes Towing Ltd. Common shares of Rand Logistics trade on the
NASDAQ Capital Market under the symbol RLOG.

On Jan. 29, 2018, Rand Logistics, Inc., and seven of its
subsidiaries filed voluntary petitions seeking relief under Chapter
11 of the Bankruptcy Code (Bankr. D. Del. Lead Case No. 18-10175).


In the petitions signed by CFO Mark S. Hiltwein, the Debtors listed
total consolidated assets of $268,948,855 and total consolidated
debt of $258,535,349 as of Nov. 30, 2017.

The Debtors engaged Pepper Hamilton LLP as Delaware bankruptcy
counsel; Akin Gump Strauss Hauer & Feld LLP as general bankruptcy
counsel; Conway Mackenzie, Inc., as turnaround manager, Miller
Buckfire & Co. LLC as financial advisor; and Kurtzman Carson
Consultants as noticing, balloting & claims agent.


RAPID AMERICAN: Bid for Protective Order to Quash Subpoenas Nixed
-----------------------------------------------------------------
The Plaintiffs in the adversary proceeding captioned RAPID-AMERICAN
CORPORATION, THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS, AND
LAWRENCE FITZPATRICK, THE FUTURE CLAIMANTS' REPRESENTATIVE,
Plaintiffs, v. TRAVELERS CASUALTY AND SURETY COMPANY, ST. PAUL FIRE
AND MARINE INSURANCE COMPANY, AND NATIONAL UNION FIRE INSURANCE
COMPANY OF PITTSBURGH, PA, Defendants, Adv. No. 15-01095 (SMB)
(Bankr. S.D.N.Y.) seek a protective order under Rule 26 of the
Federal Rules of Civil Procedure quashing six identical non-party
subpoenas served on separate facilities that process the personal
injury claims asserted against and administered by asbestos trusts.
The insurer defendants oppose the motion. Bankruptcy Judge Stuart
M. Bernstein sides with the defendants and denies the Plaintiffs'
motion.

The Plaintiffs have failed to demonstrate standing to challenge the
Subpoenas. The Subpoenas are directed at the Claims Processing
Facilities, and the information the Subpoenas seek relates to other
cases in which Rapid's creditors may have asserted personal injury
asbestos claims. The Subpoenas do not seek any information in which
the Plaintiffs have a protectable interest, and the Plaintiffs do
not suggest that the Claims Processing Facilities have any such
information. Furthermore, the Plaintiffs cannot circumvent the
limitation on their standing by moving for a protective order under
Rule 26 rather than to quash the Subpoenas under Rule 45.

The Plaintiffs assert that the discovery sought via the Subpoenas
is not relevant to any claim or defense in this adversary
proceeding.  According to the Plaintiffs, "even if a number of the
Underlying Claimants did, in fact, enter into settlements with
other manufacturers of alleged asbestos-containing products and/or
the trusts that administer their assets, such payments have no
relevance to resolving the legal issues in this case, i.e., the
Insurers' obligations to Rapid." The Plaintiffs also assert that
the information sought through the Subpoenas is not proportional to
the needs of the case and that allowing the Subpoenas to go forward
would burden the parties, the Claims Processing Facilities and the
Court. Although the discussion of standing disposes of the motion,
the Court concludes, in the alternative, that the Subpoenas are
relevant and impose no burden on the Plaintiffs.

A full-text copy of Judge Bernstein's Memorandum Decision and Order
dated Feb. 12, 2018 is available at https://is.gd/MSFfi1 from
Leagle.com.

Rapid-American Corporation, The Official Committee of Unsecured
Creditors, and Lawrence Fitzpatrick, The Future Claimant's
Representative, Plaintiff, represented by Paul E. Breene, Reed
Smith LLP, Michael B. Rush -- rushm@gotofirm.com --  Gilbert LLP &
Paul M. Singer -- psinger@reedsmith.com -- Reed Smith LLP.

Official Committee of Unsecured Creditors, Plaintiff, represented
by Paul E. Breene, Reed Smith LLP, Elihu Inselbuch --
einselbuch@capdale.com -- Caplin & Drysdale, Chartered & Michael B.
Rush, Gilbert LLP.

Lawrence Fitzpatrick, Future Claimants' Representative, Plaintiff,
represented by Michael B. Rush, Gilbert LLP.

St. Paul Fire and Marine Insurance Company, Travelers Casualty and
Surety Company & The Aetna Casualty and Surety Company, Defendants,
represented by Barbara M. Almeida  --barbara.almeida@clydeco.us --
Clyde & Co US LLP & Daren S. McNally -- daren.mcnally@clydeco.us --
Clyde & Co US LLP.

National Union Fire Insurance Company of Pittsburgh, PA, Defendant,
represented by Barbara M. Almeida, Clyde & Co US LLP, James R.
Bradford -- james.braford@mendes.com -- Mendes & Mount, LLP, David
Christian -- dchristian@dca.law -- David Christian Attorneys LLC &
Britt A. Eilhardt, Mendes & Mount, LLP.

                 About Rapid-American Corp.

New York-based Rapid-American Corp. was formerly a holding company
with subsidiaries primarily engaged in retail sales and consumer
products and was never engaged in an asbestos business of any kind.
Through a series of merger transactions going back more than 45
years, Rapid has nevertheless incurred successor liability for
personal injury claims arising from plaintiffs' exposure to
asbestos-containing products sold by The Philip Carey Manufacturing
Company -- Old Carey -- as that entity existed prior to June 1,
1967.

Rapid-American filed for Chapter 11 bankruptcy protection in
Manhattan (Bankr. S.D.N.Y. Case No. 13-10687) on March 8, 2013, to
deal with debt related to asbestos personal-injury claims.

Attorneys at Reed Smith LLP serve as counsel to the Debtor.

The Debtor disclosed assets in excess of $4,446,261 and unknown
liabilities.

On March 28, 2013, the United States Trustee appointed the Official
Committee of Unsecured Creditors.  The Committee retained Caplin &
Drysdale, Chartered, as counsel.

Young Conaway Stargatt & Taylor, LLP, is counsel to Lawrence
Fitzpatrick, the Future Claimants' Representative.


RAYONIER ADVANCED: S&P Affirms 'BB-' CCR, Outlook Still Positive
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating on
specialty pulp producer Rayonier Advanced Materials Inc. The
outlook is positive.

S&P said, "At the same time, we affirmed the 'BB-' issue-level
rating on the $550 million senior unsecured notes due 2024 ($506
million outstanding) issued by Rayonier A.M. Products Inc. The
recovery rating on the notes remains '3', indicating our
expectation for meaningful (50%-70%; rounded estimate: 50%)
recovery to creditors in the event of a payment default."

S&P Global Ratings' affirmation of its 'BB-' corporate credit
rating on RYAM reflects its view that current leverage measures of
about 4.1x debt to EBITDA are in line with the 'BB-' rating
following RYAM's acquisition of Canadian pulp, paper, and wood
products producer Tembec.

S&P said, "Our positive outlook reflects the possibility that we
will raise our rating on Rayonier Advanced Materials to 'BB' over
the next year if it is able to successfully integrate its
acquisition of Tembec while reducing debt leverage to approximately
3.5x by the middle of 2019.

"We could raise our ratings on Rayonier to 'BB' by mid-2019 if debt
leverage decreased to 3.5x or below through cost savings and
projected synergies from the Tembec acquisition. For this to occur,
we estimate EBITDA margins would have to average about 19%, which
would require about $25 million of EBITDA improvement from pro
forma levels. This could occur from a combination of acquisition
synergies (RYAM predicts $75 million over three years) or about a
5% improvement in total pulp volumes or prices.

"Based on the current economic outlook and our base case scenario,
we view a negative rating action as unlikely in the next 12 months.
However, we could revise our outlook on RYAM to stable in that
timeframe if Rayonier's debt-to-EBITDA leverage remained at or
above 4x, which we believe could occur if it does not achieve
expected EBITDA levels due to lower-than-expected merger synergies
or operating outages or if its cellulose and commodity products
underwent demand and price pressure." Failure to reach expected
EBITDA levels could also occur in the event of unexpected wide
foreign exchange swings or volatile commodity costs and pricing in
RYAM's markets.


RE/MAX LLC: S&P Affirms BB Corp. Credit Rating on Earnings Release
------------------------------------------------------------------
S&P Global Ratings affirmed its 'BB' corporate credit rating on
Denver, Colo.-based RE/MAX LLC and removed it from CreditWatch,
where we had placed it with negative implications on Nov. 6, 2017.
The rating outlook is stable.

S&P said, "At the same time, we affirmed our 'BB+' issue-level
rating, with a recovery rating of '2', on the company's senior
secured debt issues, which include a $10 million revolving credit
facility due 2021 and a $235 million senior secured term loan due
2023. The '2' recovery rating indicates our expectation for
substantial recovery (70% to 90%; rounded estimate: 70%) of
principal in the event of a payment default.

S&P said, "We affirmed the 'BB' corporate credit rating despite
RE/MAX's special committee of independent directors concluding the
transactions consisting of gifts and a loan of personal funds from
David Liniger to Adam Contos constituted violations of RE/MAX's
policies. While we believe this personal loan creates a conflict of
interest between the chairman and founder David Liniger and current
CEO Adam Contos, we believe that the company has taken steps that
are likely sufficient to mitigate the impact of this conflict.
These steps include amending the company's bylaws and appointing a
lead independent director to serve as the primary interface between
the board and the CEO and to lead the independent directors'
evaluation of the CEO's effectiveness and the compensation
committee. The special committee also identified instances of
noncompliance with other company policies related to workplace
conduct by Liniger. He was allowed to remain on the board as
non-executive chairman and we assume that his undisclosed actions
are not detrimental to the company's reputation.

"The stable outlook reflects our belief that the U.S. residential
real estate market will continue to improve and that RE/MAX will
make financial policy decisions around investment and acquisition
spending and shareholder returns that will enable it to maintain
adjusted debt to EBITDA below 3.5x and FFO to adjusted debt above
20%--providing a cushion in the event of an economic downturn.
Additionally, the stable outlook reflects our belief that the
company has engaged in sufficient actions, with the establishment
of the lead independent director position and the amendment of the
company's bylaws, to ensure a sufficient level of management
oversight.

"We could lower the rating if operating performance at RE/MAX
underperforms our expectations and we believe the company will
sustain adjusted debt to EBITDA higher than 3.5x and FFO to
adjusted debt below 20%. We could also lower ratings if additional
improper acts are disclosed and we lower our view of management and
governance at RE/MAX.

"Although unlikely given RE/MAX's financial policy of permitting
gross leverage up to 4x, we could raise the rating by one notch if
we become confident that RE/MAX is willing to sustain adjusted debt
to EBITDA of around 2.5x and FFO to adjusted debt above 30% over
the economic cycle, including potential acquisitions and
shareholder returns."


REAM PROPERTIES: Order Holding R. Pauletta in Civil Contempt Upheld
-------------------------------------------------------------------
In the case captioned REAM PROPERTIES, LLC, v. THOMAS AND THERESA
HAMILTON. APPEAL OF: ROBERT L. PAULETTA, JR., No. 323 MDA 2017 (Pa.
Super.), Appellant Pauletta, the sole member of the limited
liability corporation Ream Properties, LLC (Ream), appeals from
orders entered on August 12, 2015 and Feb. 10, 2017 in the Court of
Common Pleas of Dauphin County that held him in civil contempt for
repeatedly attempting to serve as Ream's legal counsel in
contravention of several court directives. The Hamiltons have moved
to quash the appeal. The Superior Court of Pennsylvania grants in
part and denies in part the Hamiltons' motion to quash and affirms
the order of the Court of Common Pleas.

This Court exercises jurisdiction over timely appeals from
appealable orders. A contempt order such as the one issued on
August 12, 2015 that not only finds contempt but also imposes
sanctions is appealable. To establish jurisdiction in this Court, a
litigant must file his notice of appeal within 30 days of the entry
of the order from which the appeal is taken.

Here, the suggestion of bankruptcy made clear that Ream, not
Appellant, was the party that sought protection under Chapter 11 of
the Bankruptcy Code. As such, the automatic stay did not extend to
Appellant and the trial court had authority to find him in contempt
on August 12, 2015. Under these circumstances, it follows that the
automatic stay did not toll the period during which Appellant could
appeal the trial court's ruling. Accordingly, because Appellant
filed his notice more than 30 days following entry of the August
12, 2015 order, the appeal from that order is untimely and subject
to quashal.

In his second claim, Appellant asserts that the trial court wrongly
held him in contempt in its Feb. 10, 2017 order without following
proper procedures or conducting a full hearing that would have
allowed him the opportunity to present evidence regarding the
merits of the contempt finding. This claim is frivolous.

Even in the absence of a transcription of the Feb. 10, 2017
proceedings, the Court is satisfied that the trial court correctly
determined that Appellant acted in defiance of several court orders
of which he was intimately aware. Based upon our review of the
record and the submissions of the parties, it is clear that
Appellant received notice of the Feb. 10, 2017 hearing and appeared
with counsel. While represented, Appellant agreed to the court's
contempt finding as part of a resolution of the litigation against
the Hamiltons. In addition to the numerous filings Appellant made
on behalf of Ream, other portions of the record support the court's
contempt finding. In his June 18, 2015 objections to Thomas and
Theresa Hamilton’s motion to dismiss, Appellant confirmed his
prior noncompliance with orders entered by the trial court and
professed his intention to continue defying the court's orders.
There is ample support in the record before us that Appellant
lacked any evidence that would have countered the trial court's
contempt finding. Hence, no relief is due on Appellant's second
claim.

A copy of the Superior Court's Decision dated Feb. 12, 2018 is
available at https://is.gd/Vbf0PI from Leagle.com.

Robert L. Pauletta, Jr., for Appellant, Pro Se.

Susan K. Pickford -- attorneypickford@gmail.com -- Pickford Law
Office, for Appellee, Thomas Hamilton and Theresa Hamilton.

                     About Ream Properties

Ream Properties, LLC, was formed in 2008 for the purpose of
rehabbing and renting affordable properties in the greater
Harrisburg area resulting in the restoration of properties to the
tax and utility roles.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. M.D. Pa. Case No. 15-02980) on July 15, 2015, listing
under $1 million in assets and liabilities.

Craig A. Diehl, Esq., at the Law Offices of Craig A. Diehl serves
as the Debtor's bankruptcy counsel.


REIGN SAPPHIRE: Reports Issuance of Shares, Notes and Warrants
--------------------------------------------------------------
Reign Sapphire Corporation entered into a securities purchase
agreement with respect to the sale and issuance of (i) 416,666
shares of the Company's Common Stock; (ii) 1,500,000 redeemable
shares, (iii) $147,000 aggregate principal amount of a convertible
promissory note and (iv) Common Stock Purchase Warrants to purchase
up to an aggregate of 980,000 shares of the Company's Common Stock.
The transaction closed on Feb. 20, 2018.

Terms of Notes

The Note matures on Nov. 16, 2018, nine months after the Issue
Date, and provides for interest to accrue at an interest rate equal
to 18% per annum or the maximum rate permitted under applicable law
after the occurrence of any event of default as provided in the
Note.  At any time after 180 days from the Issue Date, the holder,
at its option, may convert the outstanding principal balance and
accrued interest into shares of Common Stock of the Company.  The
initial conversion price for the principal and interest in
connection with voluntary conversions by a holder of a Note is
$0.08 per share, subject to adjustment as provided therein.  The
Note, for example, is subject to adjustment upon certain events
such as stock splits and if the Company issues any securities with
more favorable terms than are described in the Note, the holder
may, at the holder's option, become a part of the more favorable
transaction documents.  The Note also contains a prepayment penalty
of a maximum of 130% of the amount outstanding under the Note.  The
holder of the Note does not have the right to convert any portion
of their Note if it (together with its affiliates) would
beneficially own in excess of 4.99% of the number of shares of
Common Stock outstanding immediately after giving effect to the
exercise, with the exception that the limitation may be increased
up to 9.99% with 61 days prior notice. On Feb. 20, 2018, the
Company entered into an Amendment to the Note, which changed all
references to the 4.99% Beneficial Ownership Limitation to 9.99%.
The Note includes customary events of default, including, among
other things, payment defaults, covenant breaches, certain
representations and warranties, certain events of bankruptcy,
liquidation and suspension of the Company's Common Stock from
trading.  If such an event of default occurs, the holder of the
Note may be entitled to take various actions, which may include the
acceleration of amounts due under the Notes and accrual of
interest.

If the Note is prepaid on or prior to the Maturity Date, all of the
Redeemable Shares shall be returned to the treasury shares of the
Company, without any payment by the Company for the Redeemable
Shares.  Further, if the Company prepays a portion of the Note, but
not the entire Note, on or before the Maturity Date, a pro rata
portion of the Redeemable Shares shall be returned to the Company's
treasury in proportion to the prepayment amount as it relates to
the entire Note balance.

Terms of Warrants

Holder of the Note received Warrants to purchase up to 980,000
shares of Common Stock.  The exercise price for the Warrants is
$0.15, subject to adjustment, and the Warrants are exercisable for
five years after the date of the Warrant.  The Warrants are
exercisable for shares of Common Stock upon the payment in cash of
the exercise price and they are also exercisable on a cashless
basis at any time if the market price of one share of common stock
is greater than the Exercise Price, and there is no effective
registration statement registering the shares of Common Stock
underlying the Warrants.  The exercise price of the Warrants is
subject to adjustment in the event of any distributions of assets,
including cash, stock or other property to the Company's
stockholders.  In the event of a fundamental transaction, as
described in the Warrants and generally including any
reorganization, recapitalization or reclassification of the Common
Stock, the sale, transfer or other disposition of all or
substantially all of the Company's properties or assets, the
Company's consolidation or merger with or into another person, the
acquisition of more than 50% of the outstanding Common Stock, or
any person or group becoming the beneficial owner of 50% of the
voting power represented by the outstanding Common Stock, the
holders of the Warrants will be entitled to receive upon exercise
of the Warrants the kind and amount of securities, cash or other
property that the holders would have received had they exercised
the Warrants immediately prior to such fundamental transaction. The
holder of Warrants will not have the right to exercise any portion
of the Warrant if the holder (together with its affiliates) would
beneficially own in excess of 4.99% of the number of shares of
Common Stock outstanding immediately after giving effect to the
exercise, as such percentage ownership is determined in accordance
with the terms of the Warrants, with the exception that the
limitation may be waived with 61 days prior notice.

                     About Reign Sapphire

Reign Sapphire Corporation is a Beverly Hills-based,
direct-to-consumer, branded and custom jewelry company.  Reign
Sapphire was established as a vertically integrated "source to
retail" model for sapphires -- rough sapphires to finished jewelry;
a color gemstone brand; and a jewelry brand featuring Australian
sapphires.  Reign Sapphire is not an exploration or mining company
and is not engaged in exploration or mining activities.  Reign
Sapphire purchases rough sapphires in bulk, directly from
commercial miners in Australia.

Hall and Company, in Irvine, California, issued a "going concern"
opinion in its report on the consolidated financial statements for
the year ended Dec. 31, 2016, citing that the Company had an
accumulated deficit at Dec. 31, 2016 and 2015, recurring net
losses, and a working capital deficit at Dec. 31, 2016 and 2015,
which raises substantial doubt about its ability to continue as a
going concern.

As of Sept. 30, 2017, Reign Sapphire had $2.12 million in total
assets, $5.11 million in total liabilities and a total
shareholders' deficit of $2.98 million.


REMINGTON OUTDOOR: Creditors Said to Be Looking for Buyers
----------------------------------------------------------
Laura J. Keller, writing for Bloomberg News, reports that creditors
that are planning to seize control of Remington Outdoor Co. will
almost immediately be looking for a buyer for some or all of the
Company's assets, according to people with knowledge of the plan.
The sources asked not to be identified because the discussions are
private.

The group has already received some expressions of interest from
potential corporate buyers, although no formal sales process has
begun, one of the people said, according to the report.

The report notes that lenders including Franklin Resources Inc. and
JPMorgan Chase & Co.'s asset management arm will become owners of a
reorganized Remington as part of a plan they reached this month
with the company and its private equity owner, Cerberus Capital
Management.  Remington and its creditors are planning a quick trip
through bankruptcy court that would seek a judge's approval just 45
days after the Chapter 11 filing, which is expected to happen by
March 7, according to documents posted on the company's website.

Representatives for Cerberus, Franklin, and JPMorgan declined to
comment, while Madison, North Carolina-based Remington didn't
immediately respond to a request for comment.

Remington missed a coupon payment owed on a $550 million term loan
early in February.  Under the restructuring agreement reached on
Feb. 11, the creditors, which also include Lord Abbett & Co., will
take over Remington's equity from Cerberus in exchange for cutting
the firm's $950 million debt load, the people said.

First-lien lenders and others will receive the bulk of the
ownership, 82.5%.  The remainder will fall to holders of a $250
million third-lien note including Lord Abbett, according to the
report.  The funds that hold the debt aren't typically long-term
holders of equity positions.

First-lien lenders led by Franklin -- including the firm's Franklin
Templeton Investments arm -- and JPMorgan Asset Management will
provide a $100 million loan to help fund the company during its
bankruptcy, the people said, according to the report.  But they'll
also need to find new lenders to replace an existing revolving line
of credit of about $200 million. The banks that are funding that
loan now -- including Bank of America Corp. and Wells Fargo & Co.
-- are in discussions to possibly finance the replacement line, but
haven't made a decision, according to people with knowledge of the
discussions.

The report recounts that bank lenders early in February permanently
reduced to $193 million what had been a $225 million line of
credit. In 2017, the loan size had been increased to about $265
million.

Remington has retained as counsel:

     Gregory A. Bray, Esq.
     Roland Hlawaty, Esq.
     Milbank, Tweed, Hadley & McCloy LLP
     28 Liberty Street
     New York, NY 10005
     Facsimile: (212) 822 5735
     E-mail: gbray@milbank.com
             rhlawaty@milbank.com

          - and -

     Laura Davis Jones, Esq.
     Pachulski Stang Ziehl & Jones LLP
     919 North Market Street, 17th Floor
     Wilmington, DE 19801
     E-mail: ljones@pszjlaw.com

Counsel to Consenting Term Loan Creditors:

     Andrew Parlen, Esq.
     Joseph Zujkowski, Esq.
     O'Melveny & Myers LLP
     Times Square Tower
     7 Times Square
     New York, NY 10036
     Telephone: (212) 326-2000
     Email: aparlen@omm.com
            jzujkowski@omm.com

          - and -

     Mark D. Collins, Esq.
     Richards, Layton & Finger, P.A.
     920 North King Street
     Wilmington, DE 19801
     Facsimile: (302) 651-7701
     E-mail: collins@RLF.com

Counsel to Consenting Third Lien Creditors:

     Rachel C. Strickland, Esq.
     Joseph G. Minias, Esq.
     Willkie Farr & Gallagher LLP
     787 Seventh Avenue
     New York, NY 10019
     Telephone: (212) 728-8000
     Facsimile: (212) 728-8111
     E-mail: rstrickland@willkie.com
             jminias@willkie.com

          - and -

     Edmon L. Morton, Esq.
     Young Conaway Stargatt & Taylor, LLP
     Rodney Square
     1000 North King Street
     Wilmington, DE 19801
     Telephone: (302) 571-6637
     Facsimile: (302) 576-3320
     E-mail: emorton@ycst.com


ROCKY MOUNTAIN: Board Ratifies Appointment of Blackington as CMO
----------------------------------------------------------------
Rocky Mountain High Brands, Inc.'s Board of Directors confirmed the
appointment John Blackington as the Company's chief
commercialization officer on Feb. 19, 2018.  Mr. Blackington joined
the Company in late 2017, and directs the Company's
commercialization strategy including product development,
marketing, sales, customer service and potential
acquisitions/partnerships to drive business growth, market share,
and shareholder value.  Mr. Blackington has over 30 years of
experience, both as the owner of his own company and as a senior
executive for several leading food and beverage companies,
including The Coca-Cola Company (Coca-Cola).  Mr. Blackington was
VP of Sales and Marketing for the Western Region of the U.S. for
Coca-Cola, with revenues of in excess of $1 billion.  Mr.
Blackington worked with major retailers and distributors across the
U.S.

In 2001, Mr. Blackington formed GBS Growth Partners, a
beverage/food consulting group.  As managing partner of GBS, he led
the development of cutting-edge commercialization strategies for
many successful companies, including Bolthouse Farms, Celsius,
Solent, and BYB Brands, now owned by Coca-Cola.  GBS strategies are
known for their focus on consumers and building loyal daily brand
users.

Mr. Blackington has jump-started a number of successful new brands
in critical areas ranging from building sales and distribution
systems, expanding retail availability, developing equity
strategies, and strategic partnerships and acquisitions.  He
created the "Smart Equity Project", an initiative of linking early
stage companies with major industry players, bringing critical
growth resources to promising brands, and needed growth
diversification to large companies.

Mr. Blackington received his BS and MBA from the Wharton School of
Business at the University of Pennsylvania.

                      About Rocky Mountain

Dallas, Texas-based Rocky Mountain High Brands, Inc. (OTCMKTS:RMHB)
is a consumer goods brand development company specializing in
developing, manufacturing, marketing, and distributing hemp-infused
food and beverage products and spring water.  The Company currently
markets a lineup of five hemp-infused beverages.  RMHB is also
researching the development of a lineup of products containing
Cannabidiol (CBD).  The Company's intention is to be on the cutting
edge of the use of CBD in consumer products while complying with
all state and federal laws and regulations.

Rocky Mountain reported a net loss of $9.27 million for the year
ended June 30, 2017, following net income of $2.32 million for the
year ended June 30, 2016.  As of Sept. 30, 2017, Rocky Mountain had
$1.04 million in total assets, $7.49 million in total liabilities,
all current, and a total shareholders' deficit of $6.44 million.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended June 30, 2017, noting that the
Company has a shareholders' deficit of $7.30 million, an
accumulated deficit of $26.15 million at June 30, 2017, and has
generated operating losses since inception.  These factors, among
others, raise substantial doubt about the ability of the Company to
continue as a going concern.


ROCKY MOUNTAIN: Inks New Employment Agreements With Top Executives
------------------------------------------------------------------
Rocky Mountain High Brands, Inc.'s Board of Directors has ratified
and approved new employment agreements for each of the Company's
executive officers: (i) Michael Welch, president and chief
executive officer, (ii) Jens Mielke, chief financial officer, (iii)
Charles Smith, chief operating officer, (iv) David Seeberger, vice
president and general counsel, and (v) John Blackington, its
newly-appointed chief commercialization officer. The material terms
of the new employment agreements are as follows:

(1) Welch

Mr. Welch will receive a base salary of $150,000 per year, with
bonuses to be awarded in the discretion of the board.  Twenty
percent of the base salary will be paid in common stock, to be
issued quarterly and valued at the average market price for the
Company's common stock during the applicable quarter.  The stock
component will revert to cash when the chief executive officer
determines that the Company is able to generate sufficient cash
from operations or funding sources to cover all Company general and
administrative expenses, including Executive's Base Salary. The
agreement runs for a term of three years, with annual renewals
thereafter.

(2) Mielke

Mr. Mielke will receive a base salary of $140,000 per year, with
bonuses to be awarded in the discretion of the board.  Twenty
percent of the base salary will be paid in common stock, to be
issued quarterly and valued at the average market price for our
common stock during the applicable quarter.  The stock component
will revert to cash when the chief executive officer determines
that the Company is able to generate sufficient cash from
operations or funding sources to cover all Company general and
administrative expenses, including Executive's Base Salary.  The
agreement runs for a term of three years, with annual renewals
thereafter.

(3) Smith

Mr. Smith will receive a base salary of $120,000 per year, with
bonuses to be awarded in the discretion of the board.  Twenty
percent of the base salary will be paid in common stock, to be
issued quarterly and valued at the average market price for our
common stock during the applicable quarter.  The stock component
will revert to cash when the chief executive officer determines
that the Company is able to generate sufficient cash from
operations or funding sources to cover all Company general and
administrative expenses, including Executive's Base Salary.  The
agreement runs for a term of three years, with annual renewals
thereafter.

(4) Seeberger

Mr. Seeberger will receive a base salary of $120,000 per year, with
bonuses to be awarded in the discretion of the board.  Twenty
percent of the base salary shall be paid in common stock, to be
issued quarterly and valued at the average market price for our
common stock during the applicable quarter.  The stock component
will revert to cash when the chief executive officer determines
that the Company is able to generate sufficient cash from
operations or funding sources to cover all Company general and
administrative expenses, including Executive's Base Salary.  The
agreement runs for a term of three years, with annual renewals
thereafter.

(5) Blackington

Mr. Blackington will receive a base salary of $140,000 per year,
with bonuses to be awarded in the amount of up to 30% of the base
salary, contingent on performance metrics to be determined.  The
agreement runs for a term of five years, with annual renewals
thereafter.  In addition, Mr. Blackington was awarded options to
purchase up to 7,000,000 shares of the Company's common stock at a
price of $0.003 per share.  On Jan. 24, 2017, Mr. Blackington made
a cashless exercise of options to purchase 7,000,000 shares of
common stock at an exercise price of $0.003 per share.  After
deduction of 1,510,791 shares for payment of the purchase price, a
net 5,489,209 shares of common stock were issued to him.

                       About Rocky Mountain

Dallas, Texas-based Rocky Mountain High Brands, Inc. (OTCMKTS:RMHB)
is a consumer goods brand development company specializing in
developing, manufacturing, marketing, and distributing hemp-infused
food and beverage products and spring water.  The Company currently
markets a lineup of five hemp-infused beverages.  RMHB is also
researching the development of a lineup of products containing
Cannabidiol (CBD).  The Company's intention is to be on the cutting
edge of the use of CBD in consumer products while complying with
all state and federal laws and regulations.

Rocky Mountain reported a net loss of $9.27 million for the year
ended June 30, 2017, following net income of $2.32 million for the
year ended June 30, 2016.  As of Sept. 30, 2017, Rocky Mountain had
$1.04 million in total assets, $7.49 million in total liabilities,
all current, and a total shareholders' deficit of $6.44 million.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification in its report on the consolidated financial
statements for the year ended June 30, 2017, noting that the
Company has a shareholders' deficit of $7.30 million, an
accumulated deficit of $26.15 million at June 30, 2017, and has
generated operating losses since inception.  These factors, among
others, raise substantial doubt about the ability of the Company to
continue as a going concern.


ROSETTA GENOMICS: Genoptix Merger Bid Fails to Get Majority Votes
-----------------------------------------------------------------
Rosetta Genomics Ltd. announced results from its Feb. 22, 2018,
extraordinary general meeting of shareholders that was convened to
vote on the proposed merger with Genoptix, Inc.  Rosetta reports
that an insufficient number of votes were cast in favor of the
transaction to constitute a majority of the shares outstanding
needed for the proposal to pass.

Rosetta notes that the extraordinary general meeting has been
rescheduled twice, and that it is unable to reschedule the meeting
again.  As a result, Genoptix has issued a notice to the Company
that they are terminating the merger agreement effective
immediately, but Genoptix has indicated that they remain interested
in pursuing alternative options to consummate a transaction with
Rosetta.

Rosetta Genomics reports that votes representing approximately 47%
of the total shares outstanding entitled to vote were cast.  Of
those, approximately 66%, or 1,835,365 shares, were voted in favor
of the proposed merger with Genoptix.

Under the merger agreement, Rosetta will be required to deliver to
Genoptix an unsecured promissory note promising to reimburse a
total of $750,000 of Genoptix's expenses in three monthly
installments, with the first installment due March 22, 2018.

                    About Rosetta Genomics

Based in Rehovot, Israel, Rosetta Genomics Ltd. --
http://www.rosettagx.com/-- is seeking to develop and
commercialize new diagnostic tests based on a recently discovered
group of genes known as microRNAs.  MicroRNAs are naturally
expressed, or produced, using instructions encoded in DNA and are
believed to play an important role in normal function and in
various pathologies.  The Company has established a CLIA-certified
laboratory in Philadelphia, which enables the Company to develop,
validate and commercialize its own diagnostic tests applying its
microRNA technology.

Rosetta Genomics reported a net loss of US$16.23 million on US$9.23
million of total revenues for the year ended Dec. 31, 2016,
compared to a net loss of US$17.34 million on US$8.26 million of
total revenues for the year ended Dec. 31, 2015.  

As of June 30, 2017, Rosetta had US$6.20 million in total assets,
US$5.11 million in total liabilities and US$1.09 million in total
shareholders' equity.

Kost Forer Gabby & Kasierer, a member of Ernst & Young Global, in
Tel-Aviv, Israel, issued a "going concern" qualification on the
consolidated financial statements for the year ended Dec. 31, 2016,
citing that the Company has recurring losses from operations and
has limited liquidity resources that raise substantial doubt about
its ability to continue as a going concern.


SANTOS CONSTRUCTION: Seeks Authority to Use Cash Collateral
-----------------------------------------------------------
Santos Construction Group, LLC, asks the U.S. Bankruptcy Court for
the Middle District of Florida to authorize its use of cash,
accounts receivable and other income derived from the Debtor's
operations to fund its operating expenses and costs of
administration for the duration of the chapter 11 case.

The Debtor believes that Synovus Bank has a claim in the
approximate amount of $99,980 secured by a first position blanket
lien on the Debtor's assets. Additionaly, the Debtor believes that
Kabbage, Inc. also holds a claim in the amount of $47,000 secured
by a second position blanket lien on the Collateral.

The Debtor seeks authority to use its cash since any cash
collateral generated by the Debtor may constitute the cash
collateral of its secured creditors. The Debtor asserts that the
use of such cash collateral is necessary to avoid immediate and
irreparable harm to its estate. The cash collateral will be used to
maintain business operations and preserve value of the estate.

As adequate protection for the use of cash collateral, the Debtor
offers the following:

     (a) Synovus and Kabbage will have post-petition liens on the
collateral to the same extent, validity and priority as existed
pre-petition;

     (b) Synovus and Kabbage will have the right to inspect the
collateral, provided that said inspection does not interrupt the
business of the Debtor; and

     (c) Upon request by the Synovus and Kabbage, the Debtor will
provide Synovus and Kabbage with copies of monthly financial
documents generated in the ordinary course of the Debtor's business
and other reasonable information.

A full-text copy of the Debtor's Motion is available at

           http://bankrupt.com/misc/flmb18-00486-15.pdf

                About Santos Construction Group

Santos Construction Group, LLC sought protection under Chapter 11
of the Bankruptcy Code (Bankr. M.D. Fla. Case No. 18-00486) on Jan.
23, 2018.  In the petition signed by the Debtor's authorized
member/representative, Andrew F. Santos, the Debtor estimated
assets of less than $500,000 and liabilities of less than $1
million.  Buddy D. Ford, P.A., serves as counsel to the Debtor.


SCHANTZ HOLDINGS: Needs Time to File Plan, UST Wants Conversion
---------------------------------------------------------------
Schantz Holdings LLC is facing a Feb. 28, 2018 deadline to file a
Chapter 11 exit plan.

The Hon. Laura K Grandy of the U.S. Bankruptcy Court for the
Southern District of Illinois entered an order dated Feb. 14
directing the Debtor to either file a Plan of Reorganization or
otherwise prosecute this case within 14 days of the Order.

Schantz Holdings on Feb. 20 asked the Court to extend the Plan
filing deadline.

The next day, the office of the United States Trustee, the
government watchdog, filed a motion asking the Court to convert the
case from Chapter 11 to a liquidation in Chapter 7.

                     About Schantz Mfg. and
                         Schantz Holdings

Schantz Mfg -- http://www.schantzmfg.com/-- is a privately held
company in Highland, Illinois that is engaged in the manufacturing
of customized trailers.  Schantz designs its trailers in a computer
3-D environment.  Some of the ergonomic features of the trailers
include retractable wheels, high capacity air conditioning and
roof-mounted ice makers.  Schantz was founded by Socrates Schantz
60 years ago.

Schantz Mfg., Inc., and its parent, Schantz Holdings, Inc., filed
Chapter 11 petitions (Bankr. S.D. Ill. Case Nos. 17-31471 and
17-31472) on Sept. 27, 2017.  The petitions were signed by Mike
Schantz, president of Schantz Mfg., Inc.

At the time of filing, Schantz Mfg. estimated less than $50,000 in
assets and $1 million to $10 million in debt, while Schantz
Holdings estimated less than $1 million in assets and $1 million to
$10 million in debt.

The cases are assigned to Judge Laura K. Grandy.


SEQUOIA AHWATUKEE: Case Summary & 13 Unsecured Creditors
--------------------------------------------------------
Debtor: Sequoia Ahwatukee Investments, LLC
        3324 E. Sequoia Trail
        Phoenix, AZ 85044

Business Description: Sequoia Ahwatukee Investments, LLC,
                      headquartered in Phoenix, Arizona,
                      listed its business as Single Asset Real
                      Estate (as defined in 11 U.S.C. Section
                      101(51B)).  It is is a small business Debtor
                      as defined in 11 U.S.C. Section 101(51D).

Chapter 11 Petition Date: February 26, 2018

Case No.: 18-01732

Court: United States Bankruptcy Court
       District of Arizona (Phoenix)

Judge: Hon. Paul Sala

Debtor's Counsel: James Portman Webster, Esq.
                  JAMES PORTMAN WEBSTER LAW OFFICE, PLC
                  1845 S. Dobson Road, Suite 201
                  Mesa, AZ 85202
                  Tel: 480-464-4667
                  Fax: 888-214-8293
                  E-mail: Help@jpwlegal.com

Estimated Assets: $500,000 to $1 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Charles Chiu, member.

A copy of the Debtor's list of 13 unsecured creditors is available
for free at http://bankrupt.com/misc/azb18-01732.pdf


SPECTRUM BRANDS: S&P Affirms 'BB-' CCR on HRG Merger Agreement
--------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' corporate credit rating on
Middleton, Wis.-based Spectrum Brands Inc. The outlook is stable.


S&P said, "We also affirmed our 'BB+' issue-level rating on the
company's senior secured bank debt with a recovery rating of '1',
indicating our expectation for very high (90%-100%, rounded
estimate: 95%) recovery in the event of a payment default. At the
same time, we affirmed our 'BB-' issue-level rating on the
company's senior unsecured notes, with a recovery rating of '4',
indicating our expectations for average (30%-50%; rounded estimate:
45%) recovery in the event of a payment default."

Debt outstanding as of Dec. 31, 2017, was about $4 billion.

S&P said, "The affirmation reflects our generally positive view of
the recently announced merger agreement between Spectrum Brands and
its majority owner, investment holding company HRG Group Inc. We
have a positive view of the near-term removal of HRG's majority 58%
ownership stake in Spectrum Brands (resulting in the company being
a 100% publicly-traded company, notwithstanding the recent
disclosure of a hedge fund with 9% ownership) and the likely
preservation of meaningful tax assets, despite the pro forma
increase in S&P Global Ratings adjusted leverage to around 5.5x,
which we expect to be temporary. In addition, Spectrum Brands
recently recommitted to its financial policy. Specifically, it
committed to to maintaining leverage (as defined by the company) in
the 3.5x-4.0x range, which we estimate equates to S&P Global
Ratings adjusted leverage in the mid-4x area. In particular, we
assume the company will prudently manage the significant gross
asset disposal proceeds—perhaps in excess of $3.5 billion--that
will likely result if the planned GBA sales occur. These factors
offset Spectrum Brands' weaker than expected performance over the
past year, particularly by the continuing businesses, and our
moderately diminished view of the business risk excluding GBA.

"The stable outlook reflects our generally positive view of the HRG
agreement, and our expectation that Spectrum Brands will remain
committed to financial policies that result in S&P Global Ratings'
adjusted leverage improving to around the mid-4x area. In
particular, we assume the company will prudently manage the
significant asset disposal proceeds that will result if the planned
GBA disposals occur. These factors offset weaker-than-expected
performance exhibited over the last year, particularly by the
continuing businesses.

"We could lower the ratings if there is persistent underperformance
at the continuing businesses, which could result from a
cyclically-driven deterioration in consumer spending, escalating
competition, unfavorable seasonality, or ongoing
restructuring/recall-related charges, such that we believe adjusted
leverage will remain above 5x. We could also lower the ratings if
we reassess the business risk unfavorably, which could occur given
the company's plan to reposition its business. This presents
unknown factors including future potential acquisition activity in
addition to the probable loss of the relatively stable, albeit low
growth, battery business. In addition to operating performance
shortfalls, a lower rating could result if the company directs a
large amount of asset disposal proceeds to share buybacks instead
of debt reduction, or transacts significant acquisition activity at
high multiples.

"We will not consider upgrading Spectrum Brands before the GBA
disposals are complete. While maintaining adjusted leverage below
4x would likely be required for a higher rating, we would also need
better visibility into the deployment of capital into new
businesses. We would want to see a stronger business with less
seasonality, greater scale, and free cash flow generating ability."


SPECTRUM HEALTHCARE: Court Inked 18th Cash Collateral Order
-----------------------------------------------------------
Judge James J. Tancredi of the U.S. Bankruptcy Court for the
District of Connecticut has signed an eighteenth order authorizing
Spectrum Healthcare LLC, and its debtor-affiliates interim use of
cash collateral consistent with the approved budget.

The further hearing on the continued use of cash collateral for
will be held on March 14, 2018 at 2:00 p.m.

The approved Budget provides total cash disbursements of $898,631
covering the period February 18 through March 17, 2018.

The Debtors sought authorization to use the cash collateral of
their secured creditors: (1) MidCap Funding IV LLC, as assignee of
MidCap Financial, LLC; (2) CCP Finance I, LLC, as assignee of
Nationwide Health Properties, LLC, as Lender under the NHP Loan;
(3) CCP Park Place 7541 LLC and CCP Torrington 7542 LLC, as agents
for NHP with respect to the NHP Lease; (4) Love Funding
Corporation; (5) the Secretary of Housing and Urban Development, as
additional secured party with LFC; and (6) the State of Connecticut
Department of Revenue Services.

The Debtors will adequately protect Secured Parties by:

     (a) Granting to them replacement liens on the Collection
Accounts and the debtor-in-possession accounts of the Debtors, to
the same extent (if any) and with the same validity, enforceability
and priority as the MidCap Prepetition Liens, the NHP Prepetition
Liens, the CCP Landlords' Prepetition Liens and the LFC Prepetition
Liens (along with HUD's lien as additional secured party) had (and
after application of the terms and conditions of the NHC
Intercreditor and the LFC Intercreditor Agreements) against the
Debtors' deposit accounts and other assets prior to the Petition
Date, and

     (b) Making weekly adequate protection payments of $2,000 to
Midcap beginning in the first week of the Budget and continuing
weekly until the week ending March 10, 2018, following which, for
the week beginning March 11, 2018, MidCap will be paid $12,000.

In addition, having ceased operations and vacated its leased
premises, Spectrum Torrington will retain and not spend any and all
collections received for the period of this budget absent consent
from MidCap.

The Secured Parties are each granted additional replacement lien in
cash collateral, accounts including (without limitation) healthcare
insurance receivables and governmental healthcare receivables and
all proceeds thereof whether deposited in the collections accounts,
any payment account or elsewhere, and other collateral in which
each of the Secured Parties held a security interest prepetition,
whether acquired before or after the Petition Date

The Debtors are authorized to pay only their current expenses as
reflected in the Budget.  However, Spectrum Manchester Realty or
its assignee, MidCap, as the case may be, and the CCP Landlords
reserve the right to assert any accrued but unpaid rent or other
lease obligations owed or to become owed to them, respectively, as
administrative expense claims.

Such Administrative Rent Claims will be subordinate to any unpaid,
non-professional administrative expenses at the conclusion of the
sale process contemplated by the Order or any wind down process
that may occur in these cases, except, to the extent of $6,000 per
week of rent for each of the CCP Landlords and Spectrum Manchester
Realty or its assignee, MidCap Funding, as the case may be, as to
such subordination.

Excluded from the liens and interests held by the Secured Creditors
in property of the Debtors' bankruptcy estates, including any
replacement lien granted by the Eighteenth Order will be: (a) any
lien on or interest in the Debtors' claims, causes of claim or
proceeds from Avoidance Actions, and (b) a carveout for payment of
the Debtors' professional fees in the amount of $260,000, less
payments received on account of such fees pursuant to the Spectrum
Manchester Plan, with the carve-out for payment of the
professionals of the Committee having been exhausted by reason of
fees its professionals received pursuant to the Spectrum Manchester
Plan.

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

           http://bankrupt.com/misc/ctb16-21635-696.pdf

                   About Spectrum Healthcare

Spectrum Healthcare LLC is a nursing home operator, owning six
nursing facilities have 716 beds and employing 725 people.

Spectrum Healthcare LLC and its affiliates previously filed Chapter
11 petitions (Bankr. D. Conn. Lead Case No. 12-22206) on Sept. 10,
2012.

Spectrum Healthcare, LLC, and its affiliates again sought
protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Conn.
Case Nos. 16-21635 to 16-21639) on Oct. 6, 2016.  The petitions
were signed by Sean Murphy, chief financial officer.

Spectrum Healthcare, LLC, disclosed $282,369 in assets and
estimated less than $1 million in liabilities.  Affiliate Spectrum
Healthcare Derby disclosed $2,068,467 in assets and estimated less
than $10 million in debt.

The Debtors are represented by Elizabeth J. Austin, Esq., Irve J.
Goldman, Esq., and Jessica Grossarth, Esq., at Pullman & Comley,
LLC.  Blum, Shapiro & Co., P.C., serves as their accountant and
financial advisor.

William K. Harrington, the U.S. Trustee for the District of
Connecticut, appointed Nancy Shaffer, M.A., a member of the
Connecticut Long Term Care Ombudsman's Office, as the Patient Care
Ombudsman for the Debtors.


SUNCOAST INTERNAL: Taps Macfarlane Ferguson as Special Counsel
--------------------------------------------------------------
Suncoast Internal Medicine Consultants, PA, seeks approval from the
U.S. Bankruptcy Court for the Middle District of Florida to hire
Macfarlane Ferguson & McMullen as special counsel.

The firm will advise the Debtor on matters related to corporate and
health care law.

The firm's hourly rates range from $300 to $500.  John Matthew
Marquardt, Esq., a partner at Macfarlane and the attorney who will
be providing the services, will charge an hourly fee of $350.

Mr. Marquardt disclosed in a court filing that he and his firm do
not represent or hold any interest adverse to the Debtor or its
bankruptcy estate.

Macfarlane can be reached through:

     John Matthew Marquardt
     Macfarlane Ferguson & McMullen
     625 Court Street
     Clearwater, FL 33756
     Phone: 727-444-1419 / 727-441-8966
     Fax: 727-442-8470
     E-mail: jmm@macfar.com

             About Suncoast Internal Medicine Consultants

Based in Largo, Florida, Suncoast Internal Medicine Consultants, PA
-- http://suncoastinternalmedicine.com/-- provides medical care to
Pinellas County and the Greater Tampa Bay area.  Its staff is
composed of board-certified physicians focusing in the specialties
of internal medicine, gastroenterology, and rheumatology.  Suncoast
was founded in 1965 by Dr. George Kotsch.

Suncoast Internal Medicine Consultants sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
18-00399) on Jan. 19, 2018.  In the petition signed by Robert L.
DiGiovanni, DO, president, the Debtor estimated assets and
liabilities of $1 million to $10 million.  

Judge Catherine Peek McEwen presides over the case.  

The Debtor hired Johnson, Pope, Bokor, Ruppel & Burns LLP as its
bankruptcy counsel; and Appelt & Associates, CPAS, PA as its
accountant.


SUNCOAST INTERNAL: Taps Maggie Mac-MPC as Consultant
----------------------------------------------------
Suncoast Internal Medicine Consultants, PA, seeks approval from the
U.S. Bankruptcy Court for the Middle District of Florida to hire
Maggie Mac-MPC, Inc. as its medical practice consultant.

Maggie Mac-MPC will provide an assessment of coding, billing and
payment accuracy for professional drug therapy services provided by
the Debtor.  

The firm will charge an hourly fee of $150.

Maggie Mac, president of Maggie Mac-MPC, disclosed in a court
filing that she and her firm do not represent or hold any interest
adverse to the Debtor or its bankruptcy estate.

The firm can be reached through:

     Maggie Mac
     Maggie Mac-MPC, Inc.
     1300 Chesterfield Drive
     Clearwater, FL 33756

             About Suncoast Internal Medicine Consultants

Based in Largo, Florida, Suncoast Internal Medicine Consultants, PA
-- http://suncoastinternalmedicine.com/-- provides medical care to
Pinellas County and the Greater Tampa Bay area.  Its staff is
composed of board-certified physicians focusing in the specialties
of internal medicine, gastroenterology, and rheumatology.  Suncoast
was founded in 1965 by Dr. George Kotsch.

Suncoast Internal Medicine Consultants sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. M.D. Fla. Case No.
18-00399) on Jan. 19, 2018.  In the petition signed by Robert L.
DiGiovanni, DO, president, the Debtor estimated assets and
liabilities of $1 million to $10 million.  

Judge Catherine Peek McEwen presides over the case.  

The Debtor hired Johnson, Pope, Bokor, Ruppel & Burns LLP as its
bankruptcy counsel; and Appelt & Associates, CPAS, PA as its
accountant.


TOPS HOLDINGS: Wins Interim Approval of $265-Mil. DIP Loans
-----------------------------------------------------------
Rick Archer, writing for Bankruptcy Law360, reports that U.S.
Bankruptcy Judge Robert D. Drain gave Tops Markets LLC permission
to tap into the $265 million DIP financing following the hearing
Thursday to consider first-day motions.

Tops Markets on Feb. 21, 2018, said it is pursuing a financial
restructuring to eliminate a substantial portion of debt from the
Company's balance sheet and position Tops for long-term success.
To implement the financial restructuring, the Company elected to
file for reorganization under Chapter 11 of the Bankruptcy Code
(Bankr. S.D.N.Y. Case No. 18-22279) in the United States Bankruptcy
Court for the Southern District of New York.

Tops said it has received a commitment for:

       $125,000,000 debtor-in-possession (DIP) term loan
                    financing facility from certain noteholders
                    and

       $140,000,000 DIP asset based revolving loan from Bank of
                    America, N.A.,

which are expected to support the Company's continued operations
during the court-supervised restructuring process.

Tops added that it is working cooperatively with certain holders of
more than 65% of its Senior Secured Notes due 2022 and is
continuing constructive discussions.

The Company filed a number of customary motions seeking court
authorization to continue to support its business operations during
the court-supervised restructuring process, including the continued
payment of employee wages and benefits without interruption. The
Company intends to pay vendors and suppliers in full under normal
terms for goods and services provided after the filing date of
February 21, 2018.

                            About Tops

Tops Markets, LLC -- http://www.topsmarkets.com/-- is
headquartered in Williamsville, NY and operates 169 full-service
supermarkets with five additional by franchisees under the Tops
Markets banner. Tops employs over 14,000 associates and is a
full-service grocery retailer in Upstate New York, Northern
Pennsylvania, and Vermont.

Tops Management, led by Frank Curci, its chairman and chief
executive officer, acquired Tops in December 2013 through a
leveraged buyout from Morgan Stanley's private equity arm.  Morgan
Stanley bought the company in 2007 from the Dutch retailer now
known as Koninklijke Ahold Delhaize NV.  In 2010, Tops acquired The
Penn Traffic Company, a local chain with 64 stores.  In 2012, it
purchased 21 Grand Union Family Markets stores.

Tops Holding II Corporation, and its subsidiaries, including Tops
Markets, LLC, sought Chapter 11 protection (Bankr. S.D.N.Y. Lead
Case No. 18-22279) on Feb. 21, 2018, to pursue a financial
restructuring that would eliminate a substantial portion of debt
from the Company's balance sheet and position Tops for long-term
success.

The Company listed total assets of $977 million and total
liabilities at $1.17 billion as of Dec. 30, 2017.

Weil, Gotshal & Manges LLP is serving as legal counsel to Tops,
Evercore Group L.L.C. is serving as Investment Banker, and FTI
Consulting, Inc., is serving as restructuring advisor.  Hilco Real
Estate, LLC, is the Debtors' real estate advisor.  Epiq Bankruptcy
Solutions, LLC, is the claims and noticing agent.



TOYS R US: Geoffrey Affiliates Tap Chilmark as Financial Advisor
----------------------------------------------------------------
Geoffrey, LLC, and Geoffrey Holdings, LLC, seek approval from the
U.S. Bankruptcy Court for the Eastern District of Virginia to hire
Chilmark Partners, LLC.

The firm will provide financial advisory services with respect to
all "conflict matters," including the investigation or pursuit of
claims related to any material transfer, transaction or agreement
between the companies and any of their affiliates prior to the
petition date.

Michael Kennedy and Aaron Taylor, both members of the firm, will
each charge an hourly fee of $950.  Staff associates will charge
$500 per hour.   

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

Chilmark can be reached through:

     Michael J. Kennedy
     Chilmark Partners, LLC
     875 N. Michigan Avenue, Suite 3460
     Chicago, IL 60611
     Phone: (312) 984-9711
     Email: info@chilmarkpartners.com

                         About Toys "R" Us

Toys "R" Us, Inc., is an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.  Merchandise is sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise is also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
are not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel.  Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent.  A&G Realty Partners, LLC, serves as its
real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C. as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.


TOYS R US: Geoffrey Affiliates Tap Cleary Gottlieb as Counsel
-------------------------------------------------------------
Geoffrey, LLC, and Geoffrey Holdings, LLC, seek approval from the
U.S. Bankruptcy Court for the Eastern District of Virginia to hire
Cleary Gottlieb Steen & Hamilton LLP as their legal counsel.

The firm will provide legal services to the companies on matters in
which a conflict exists between them and their shareholders or
affiliates; or between them and the directors or officers of their
affiliates including Toys "R" Us, Inc.

The firm's hourly rates are:

     Partners                  $1,055 to $1,440
     Counsel                     $975 to $1,200
     Senior Attorneys            $950 to $1,110
     Associates                  $555 to $935
     International Lawyers           $490
     Law Clerks                      $450
     Summer Associates               $445
     Paralegals                  $305 to $410

James Bromley, Esq., a partner at Cleary Gottlieb, disclosed in a
court filing that his firm is a "disinterested person" as defined
in Section 101(14) of the Bankruptcy Code.

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Mr.
Bromley disclosed that his firm has not agreed to any variations
from, or alternatives to, its standard billing arrangements; and
that no Cleary Gottlieb professional has varied his rate based on
the geographic location of the Debtors' Chapter 11 cases.

Mr. Bromley also disclosed that the firm has not represented the
Debtors in the 12 months prior to the petition date.

Cleary Gottlieb's budget and staffing plan through March 31, 2018,
have already been approved by the Debtors, Mr. Bromley further
disclosed.

The firm can be reached through:

         James L. Bromley, Esq.
         Luke A. Barefoot, Esq.
         Cleary Gottlieb Steen & Hamilton LLP
         One Liberty Plaza
         New York, NY 10006
         Tel: (212) 225-2000
         Fax: (212) 225-3999
         E-mail: jbromley@cgsh.com
                 lbarefoot@cgsh.com

                         About Toys "R" Us

Toys "R" Us, Inc., is an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.  Merchandise is sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise is also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
are not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel.  Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent.  A&G Realty Partners, LLC, serves as its
real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C. as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.


TOYS R US: Geoffrey Affiliates Tap Kaufman as Local Counsel
-----------------------------------------------------------
Geoffrey, LLC, and Geoffrey Holdings, LLC, seek approval from the
U.S. Bankruptcy Court for the Eastern District of Virginia to hire
Kaufman & Canoles as their local counsel.

The firm will provide legal services to the companies in connection
with the investigation and prosecution of possible causes of action
that exist regarding their various licensing transactions and
relationships.

The firm's hourly rates are:

     Equity Partner       $325 - $525
     Senior Partner       $375 - $550
     Salaried Partner     $290 - $350
     Of Counsel           $250 - $500
     Associate            $180 - $290
     Paralegal            $100 - $255

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

In accordance with Appendix B-Guidelines for reviewing fee
applications filed by attorneys in larger Chapter 11 cases, Paul
Campsen, Esq., a partner at Kaufman, disclosed that his firm has
not agreed to any variations from, or alternatives to, its standard
billing arrangements; and that no Kaufman professional has varied
his rate based on the geographic location of the Debtors' Chapter
11 cases.

Mr. Campsen also disclosed that the firm has not represented the
Debtors in the 12 months prior to the petition date.

Kaufman's budget and staffing plan for the period January 19 to
March 31, 2018, have already been approved by the Debtors, Mr.
Campsen further disclosed.

The firm can be reached through:

     Paul K. Campsen, Esq.
     Dennis T. Lewandowski, Esq.
     Kaufman & Canoles
     150 West Main Street, Suite 2100
     Norfolk, VA 23510
     Phone: (757) 624-3000
     Fax: (888) 360-9092
     E-mail: pkcampsen@kaufcan.com
             dtlewand@kaufcan.com

                         About Toys "R" Us

Toys "R" Us, Inc., is an American toy and juvenile-products
retailer founded in 1948 and headquartered in Wayne, New Jersey, in
the New York City metropolitan area.  Merchandise is sold in 880
Toys "R" Us and Babies "R" Us stores in the United States, Puerto
Rico and Guam, and in more than 780 international stores and more
than 245 licensed stores in 37 countries and jurisdictions.
Merchandise is also sold at e-commerce sites including Toysrus.com
and Babiesrus.com.

On July 21, 2005, a consortium of Bain Capital Partners LLC,
Kohlberg Kravis Roberts and Vornado Realty Trust invested $1.3
billion to complete a $6.6 billion leveraged buyout of the
company.

Toys "R" Us is a privately owned entity but still files with the
Securities and Exchange Commission as required by its debt
agreements.

The Company's consolidated balance sheet showed $6.572 billion in
assets, $7.891 billion in liabilities, and a stockholders' deficit
of $1.319 billion as of April 29, 2017.

Toys "R" Us, Inc., and certain of its U.S. subsidiaries and its
Canadian subsidiary voluntarily filed for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Lead Case No. Case No.
17-34665) on Sept. 19, 2017.  In addition, the Company's Canadian
subsidiary voluntarily commenced parallel proceedings under the
Companies' Creditors Arrangement Act ("CCAA") in Canada in the
Ontario Superior Court of Justice.  The Company's operations
outside of the U.S. and Canada, including its 255 licensed stores
and joint venture partnership in Asia, which are separate entities,
are not part of the Chapter 11 filing and CCAA proceedings.

Grant Thornton is the monitor appointed in the CCAA case.

Judge Keith L. Phillips presides over the Chapter 11 cases.

In the Chapter 11 cases, Kirkland & Ellis LLP and Kirkland & Ellis
International LLP serve as the Debtors' legal counsel.  Kutak Rock
LLP serves as co-counsel.  Toys "R" Us employed Alvarez & Marsal
North America, LLC as its restructuring advisor; and Lazard Freres
& Co. LLC as its investment banker.  It hired Prime Clerk LLC as
claims and noticing agent.  A&G Realty Partners, LLC, serves as its
real estate advisor.

On Sept. 26, 2017, the U.S. Trustee for Region 4 appointed an
official committee of unsecured creditors.  The Committee retained
Kramer Levin Naftalis & Frankel LLP as its legal counsel; Wolcott
Rivers, P.C., as local counsel; FTI Consulting, Inc. as financial
advisor; and Moelis & Company LLC as investment banker.


TROPICAL SMOOTHIE: Hires Bruner Wright, PA, as Counsel
------------------------------------------------------
Willaura, Inc. d/b/a Tropical Smoothie Cafe, seeks authority from
the U.S. Bankruptcy Court for the Northern District of Florida,
Tallahassee Division, to hire Bruner Wright, P.A., to represent the
Debtor in this Chapter 11 bankruptcy case and to to give the Debtor
legal advice with respect to its powers and duties as
Debtor-in-Possession.

Bruner Wright, P.A. hourly rates are:

     Robert C. Bruner      $350
     Byron Wright III      $225
     Paralegal              $95

Byron Wright III, a member at Bruner Wright, attests that he and
his firm do not represent any interests adverse to the Debtor; and
they represent no other entity in connection with this case, and
have no connection with the United States Trustee or employee of
the Office of the United States Trustee.  

The firm can be reached through:

         Byron Wright, III, Esq.        
         Bruner Wright, P.A.        
         2810 Remington Green Circle        
         Tallahassee, FL  32308         
         Tel: (850) 385-0342        
         Fax: (850) 270-2441
         E-mail: twright@brunerwright.com

                      About Willaura, Inc.

Willaura, Inc. d/b/a Tropical Smoothie Cafe, operates restaurants
in the United States.  The Company serves wraps, sandwiches,
salads, bread, drinks, and smoothies.  Tropical provides catering
services and franchise opportunities.

Based in Tallahassee, Florida, Willaura, Inc., filed a Chapter 11
petition (Bankr. N.D. Fla. Case No. 18-bk-40069) on Feb. 12, 2018,
estimating under $1 million in assets and liabilities.  The case is
assigned to Judge Karen K. Specie.  Byron Wright, III at Bruner
Wright, P.A., is the Debtor's counsel.


VALLEY VIEW DOWNS: Supreme Court Upholds FTI Clawback vs Merit
--------------------------------------------------------------
A unanimous Supreme Court on Feb. 27, 2018, set aside payments
Valley View Downs, LP, made to Merit Management Group, LP, for the
purchase of Bedford Downs stock.

The Supreme Court upheld a decision by the U.S. Court of Appeals
for the Seventh Circuit on safe harbor provisions of the Bankruptcy
Code.

Valley View Downs, LP, and Bedford Downs Management Corp. entered
into an agreement under which Valley View, if it got the last
harness-racing license in Pennsylvania, would purchase all of
Bed-ford Downs' stock for $55 million. Valley View was granted the
license and arranged for the Cayman Islands branch of Credit Suisse
to wire $55 million to third-party escrow agent Citizens Bank of
Pennsylvania. The Bedford Downs shareholders, including Merit
Management Group, LP, deposited their stock certificates into
escrow. Citizens Bank disbursed the $55 million over two
installments according to the agreement, of which Merit received
$16.5 million.

Although Valley View secured the harness-racing license, it was
unable to achieve its goal of opening a racetrack casino. Valley
View and its parent company, Centaur, LLC, filed for Chapter 11
bankruptcy. FTI Consulting, Inc., was appointed to serve as trustee
of the Centaur litigation trust. FTI then sought to avoid the
transfer from Valley View to Merit for the sale of Bedford Downs'
stock, arguing that it was constructively fraudulent under 11
U.S.C. Sec. 548(a)(1)(B).

Merit contended that the Sec. 546(e) safe harbor barred FTI from
avoiding the transfer because it was a "settlement payment . . .
made by or to (or for the benefit of)" two "financial
institutions," Credit Suisse and Citizens Bank.

The District Court agreed with Merit, but the Seventh Circuit
reversed, holding that Sec. 546(e) did not protect transfers in
which financial institutions served as mere conduits.

According to Justice Sonya Sotomayor, who penned the opinion, the
Bankruptcy Code provides that, if the transfer the trustee seeks to
avoid was made "by" or "to" a covered entity , then Sec. 546(e)
will bar avoidance without regard to whether the entity acted only
as an intermediary. It will also bar avoidance if the transfer was
made "for the benefit of" that entity, even if it was not made "by"
or "to" that entity.

"When determining whether the Sec. 546(e) safe harbor saves that
transfer from avoidance liability, the Court must look to that
overarching transfer to evaluate whether it meets the safe-harbor
criteria. Because the parties do not contend that either Valley
View or Merit is a covered entity, the transfer falls outside of
the Sec. 546(e) safe harbor," Justice Sotomayor said.

The case is, MERIT MANAGEMENT GROUP, LP v. FTI CONSULTING, INC.,
No. 16–784 (U.S.).

A copy of the Supreme Court's decision is available at:

   https://www.supremecourt.gov/opinions/17pdf/16-784_gdhk.pdf

              About Centaur and Valley View Downs

Indianapolis, Indiana-based, Centaur, LLC, aka Centaur Indiana, LLC
-- http://www.centaurgaming.net/-- was involved in the development
and operation of entertainment venues focused on horse racing and
gaming.  The Company and its affiliates filed for Chapter 11
bankruptcy protection on March 6, 2010 (Bankr. D. Del. Case No.
10-10799).  Jeffrey M. Schlerf, Esq., at Fox Rothschild LLP,
assisted the Company in its restructuring effort.  The Company
disclosed assets of $584 million and debt of $681 million as of the
Petition Date.

Affiliates Centaur PA Land LP and Valley View Downs LP sought
protection on October 28, 2009 (Bankr. D. Del., Case No. 09-13761),
also represented by Fox Rothschild.  Centaur PA Land LP and Valley
View Downs filed for bankruptcy to keep alive a project to develop
a racetrack in Pennsylvania.  The filings were made following the
failure to make payments due that month on a $382.5 million
first-lien debt and a $192 million second-lien credit.

All the companies are subsidiaries of closely held Centaur Inc.

Centaur LLC was authorized in August 2010 to sell the Fortune
Valley Hotel & Casino 40 miles west of Denver to Luna Gaming
Central City LLC for $7.5 million cash, plus a $2.5 million note.

The Debtor obtained approval of its reorganization plan at a Feb.
18, 2011 confirmation hearing.  The Plan would slash the casino
operator's debt by two-thirds to $260 million.  The Plan, as
revised, is based on a settlement reached by the Debtors with the
Official Committee of Unsecured Creditors, the settlement was
entered among the Debtors, the Official Committee of Unsecured
Creditors, and Credit Suisse AG, Cayman Islands Branch, as
administrative agent and collateral agent for lenders that
provided first lien revolving credit and term loans prepetition.
Under the Plan, second-lien lenders are to split $3.4 million in
notes that pay in kind.  Unsecured creditors of Valley View Downs
now will receive the lesser of 50% paid in cash or a share of $1.5
million cash.  Other general unsecured creditors also will have the
lesser of half payment or sharing $650,000 in cash.

FTI Consulting, Inc., serves as Trustee to the Centaur LLC
Litigation Trust.


VANMETER CONTRACTING: Hires Mark H. Flener as Counsel
-----------------------------------------------------
VanMeter Contracting, Inc., seeks authority from the U.S.
Bankruptcy Court for the Western District of Kentucky to hire Mark
H. Flener as Debtor's counsel.

The services provided to the Debtor by Mark H. Flener are:

     (a) serve as attorney of record in all aspects of this Case,
except for any matters for which a special counsel for conflicts is
employed, and in any adversary proceedings commenced in connection
with this Case, and provide representation and legal advice to the
Debtor throughout this Case;

     (b) consult with the United States Trustee, and statutory
committee and its counsel, any unofficial committee and its
counsel, and all other creditors and parties in interest concerning
the administration of this Case;

     (c) take all necessary steps to protect and preserve the
Debtor's estate;

     (d) assist in the disclosure and confirmation processes
contemplated this Case;

     (e) assist with and providing counsel regarding its business
matters; and

     (f) provide all other legal services required by the Debtor
and assisting the Debtor in discharging its duties as
debtor-in-possession in connection with this Case.

Mark H. Flener will bill the estate at his usual and customary rate
of $275 per hour for legal services with his paralegal rate of $90
per hour.  

Mark H. Flener, Esq. assures this Court that he is a "disinterested
person," as defined in Section 101(14) of the Bankruptcy Code, and
does not hold or represent an adverse interest to the Debtors.

The counsel can be reached through:

     Mark H. Flener, Esq.
     1143 Fairway Street, Suite 101
     P.O. Box 8
     Bowling Green, KY 42102-0008
     Tel: (270) 783-8400
     Fax: (270) 783-8872
     E-mail: mark@flenerlaw.com

                  About VanMeter Contracting

VanMeter Contracting, Inc., is a concrete contractor in Bowling
Green, Kentucky. The Debtor filed a Chapter 11 petition (Bankr.
W.D. KY Case No. 18-10102) on February 8, 2018, listing under $1
million in both assets and liabilities.  The case is assigned to
Judge Joan A. Lloyd.  Mark H. Flener, Esq., is the Debtor's
counsel.


VICTORY SOLUTIONS: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------------
Debtor: Victory Solutions LLC
        19571 Progress Drive
        Strongsville, OH 44149

Business Description: Victory Solutions LLC is a
                      telecommunications equipment supplier in
                      Strongsville, Ohio.  The Company developed
                      the Victory VoIP (Voice-over Internet
                      Protocol) system - a specially equipped
                      phone that serves as a plug-and-play call
                      center and enables campaigns to contact more

                      voters and build intelligent databases.

Chapter 11 Petition Date: February 26, 2018

Case No.: 18-10977

Court: United States Bankruptcy Court
       Northern District of Ohio (Cleveland)

Judge: Hon. Jessica E. Price Smith

Debtor's Counsel: Glenn E. Forbes, Esq.
                  FORBES LAW LLC
                  166 Main Street
                  Painesville, OH 44077-3403
                  Tel: (440)357-6211
                  Email: bankruptcy@geflaw.net

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

Estimated Liabilities: $1 million to $10 million

The petition was signed by Shannon Burns, managing member.

A full-text copy of the petition containing, among other items, a
list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/ohnb18-10977.pdf


WADDELL & REED: Moody's Cuts Issuer Rating to Ba1 & Assigns Ba1 CFR
-------------------------------------------------------------------
Moody's Investors Service has downgraded Waddell & Reed Financial,
Inc.'s (Waddell & Reed) issuer rating to Ba1 from Baa3 and changed
the outlook to stable from negative. Moody's concurrently assigned
a Ba1 Corporate Family Rating (CFR) to Waddell & Reed.

RATINGS RATIONALE

The downgrade reflects Moody's view that sustained net outflows and
inconsistent investment performance have materially weakened
Waddell & Reed's competitive position within the industry. Moody's
notes that the company's ability to regain its competitive
position, particularly within the strategically important Retail
Unaffiliated Distribution channel, will be a challenge and is not
likely in the near- to intermediate- term given its uneven
investment performance results and the ongoing shift within the
industry to more passive management.

Although Moody's views the steps the company has taken and
continues to take to strengthen its business, such as improving
operating efficiency and modernizing its broker-dealer platform, as
strategically sound, it is not enough to offset the negative impact
the deterioration in the investment management business'
competitive position has had on the company's overall credit
profile. From its peak AUM in June 2014, AUM has declined by 40%
and pre-tax income has also declined similarly. The changes the
company is making to its broker-dealer will, if successful, provide
more lift and diversification to Waddell & Reed's earnings which
would be positive for the company's credit profile. However, these
benefits will be gradual over time and, as such, the company's
credit profile will continue to be principally driven by the
operating performance of the investment management business.

Contributing to the deterioration in the company's credit profile
is the increased risk the company is taking with its balance sheet
investments. The company recently took over $300 million of its
cash reserves and reinvested it into a laddered portfolio of
investment grade fixed income securities with an average duration
of one-year. This shift exposes the firm's balance sheet to more
market risk at a time when the company's earnings remain under
pressure.

Waddell & Reed's Ba1 rating reflects the company's moderate scale,
weak AUM stability, modest leverage, and solid pre-tax income
margins. The return to a stable outlook reflects early signs of a
trough in revenue, potential for slight margin improvement as the
broker-dealer becomes more efficient, and a view that changes to
the broker-deal will result in more economic diversification to
Waddell & Reed's fundamental business model. Previously, the high
concentration of broker-dealer assets into proprietary funds led to
a high correlation of revenues tied to the investment performance
of Waddell & Reed's funds. As the broker-dealer moves to an open
architecture, a portion of assets will be less dependent on Waddell
& Reed's funds investment performance for asset retention and
replacement. It is likely that sales and marketing will play a
bigger role in the future credit profile of Waddell & Reed.

WHAT COULD CHANGE RATING UP / DOWN

Although upward pressure on the rating is unlikely in the near term
upward pressure on the rating could result from (1) a sustained
increase in net flows with replacement rates over 100%; (2)
retention rates over 80%; and (3) a sustained increase in revenues
with marked improvement in investment performance.

A downgrade would be likely if (1) organic AUM decay accelerates;
(2) losses develop in the company's corporate bond investments; (3)
investment performance is unable to see material improvement; and
(4) regulatory risks related to the Department of Labor's Fiduciary
Rule increase.

Moody's took the following rating action on Waddell & Reed
Financial, Inc.

-- Issuer Rating, downgraded to Ba1 from Baa3.

-- Corporate Family rating, assigned Ba1.

Waddell & Reed Financial, Inc. is a holding company that provides
investment management services to individuals and institutions. The
company is headquartered in Overland Park, Kansas, and has $81.1
billion of assets under management as of December 31, 2017. The
company has outstanding $95 million of unsecured notes, maturing in
2021.



WARRIOR MET: Moody's Affirms B3 CFR; Outlook Stable
---------------------------------------------------
Moody's Investors Service affirmed ratings of Warrior Met Coal,
Inc., including corporate family rating (CFR) of B3, probability of
default rating (PDR) of B3-PD, and a senior secured notes rating of
B3. Moody's also changed the speculative grade liquidity rating to
SGL-3 from SGL-2. The outlook is stable.

The rating action follows the company's announcement that it will
make a $350 million cash distribution to its shareholders, financed
by cash on hand plus a $125 million add-on to the company's
existing senior secured notes due 2024.

Affirmations:

Issuer: Warrior Met Coal, Inc.

-- Probability of Default Rating, Affirmed B3-PD

-- Corporate Family Rating, Affirmed B3

-- Senior Secured Regular Bond/Debenture, Affirmed B3 (LGD4)

Downgrades:

Issuer: Warrior Met Coal, Inc.

-- Speculative Grade Liquidity Rating, Downgraded to SGL-3 from
    SGL-2

Outlook Actions:

Issuer: Warrior Met Coal, Inc.

-- Outlook, Remains Stable

RATINGS RATIONALE

The affirmation acknowledges the company's strong operating
performance and sufficient liquidity to support the transaction, as
well as Moody's expectation that leverage will remain within
acceptable levels for the rating. Moody's expect that in the
current price environment, the company's Debt/ EBITDA, as adjusted,
will remain below 2x, and will be at approximately 4x using $120/
mt benchmark price assumption for high quality metallurgical coal.

The ratings continue to reflect the significant operational
concentration in two mines, and the inherent volatility of the
metallurgical coal markets. Nevertheless, the ratings also reflect
the company's position as one of the lowest cost producers of high
quality metallurgical coal in the United States. The company's two
operating mines -- No.4 and No.7 -- produce low-vol and mid-vol
hard coking coal which commands premium prices approaching 100% of
benchmark. These mines are highly efficient and flexible longwall
operations with a structurally lower and highly variable operating
cost profile.

The metallurgical coal benchmark settlements have fluctuated
between $82 and $285/mt over the past two years, and the ratings
incorporate a pricing sensitivity range of $95 to $145/ mt. At the
same time, the ratings reflect the relatively strong pricing
environment in 2017, which has boosted the company's liquidity and
allowed it to fund two special dividends over the past few months.

The ratings further reflect potential volatility in margins and
increase in leverage should metallurgical coal prices retreat to
the low levels observed in 2015 and 2016. That said, Moody's
acknowledge that a significant portion of the company's cost
structure is variable, allowing the business to earn positive
margins even in a distressed pricing environment. For example, the
company ties employee bonuses and hourly wage increases to
benchmark prices and production volumes, while royalty and
logistics contracts allow for lower cash outlays when the prices
are low.

The B3 rating on the senior secured notes, in line with the CFR,
reflects the preponderance of secured debt in the capital
structure, The $100 million ABL revolver (unrated) may have
superior asset coverage but is expected to be largely unused.

The company has adequate liquidity, consisting predominantly of its
fully available $100 million ABL facility. Moody's expect positive
free cash flows over the next twelve months.

The stable outlook reflects Moody's expectation of positive free
cash flows.

The ratings could be upgraded if metallurgical coal markets were to
show more stability and predictability. The ratings could also be
upgraded in the event of material growth in scale and diversity.

The ratings could be downgraded if Debt/ EBITDA, as adjusted,
increased above 6x, if free cash flows turned negative, or if
liquidity deteriorated.

The principal methodology used in these ratings was Global Mining
Industry published in August 2014.

Warrior Met Coal is based in Brookwood, Alabama and operates two
longwall mines in Brookwood, Alabama, which produce and export
metallurgical ("met") coal for a diversified customer base of blast
furnace steel producers located primarily in Europe and South
America. Warrior's operating assets had been acquired in 2016 from
Walter Energy as part of Walter's Chapter 11 bankruptcy process. In
2017, the company generated roughly $1.2 billion in revenues.


WARRIOR MET: S&P Cuts Secured Notes Rating to 'B' on $125MM Add-On
------------------------------------------------------------------
S&P Global Ratings lowered its issue-level rating on Brookwood,
Ala.-based coal producer Warrior Met Coal Inc.'s senior secured
notes to 'B' from 'B+' and revised the recovery rating to '3' from
'2'. This follows the company's proposed $125 million add-on to its
senior secured notes due 2024 (now totaling $475 million). The '3'
recovery rating indicates S&P's expectation of meaningful (50%-70%;
rounded estimate: 65%) recovery in the event of a payment default.

S&P expects the company to use $125 million in proceeds from the
upsized notes and $225 million in cash from its balance sheet to
pay $350 million in one or more shareholder distributions in the
next 12 months. The transaction is subject to a consent from
existing bondholders.

The less favorable recovery and issue-level ratings reflect the
proposed increase in the company's first-lien debt, which reduces
recovery prospects for first-lien lenders.

S&P said, "Our 'B' issuer credit rating and stable outlook on
Warrior Met are unchanged. Pro forma for the transaction, we
believe that the company will still maintain adjusted leverage of
less than 2x, reflecting strengthening demand and elevated prices
for high quality metallurgical (met) coal in the international
market. In addition, we believe that the company's ownership by
private equity sponsors increases the potential for shareholder
distributions, which would constrain the company's discretionary
cash flow (cash flow from operations less capital expenditures and
dividends) and limit the company's ability to lower its debt in the
next 12 months."

RECOVERY ANALYSIS

Key analytical factors

-- S&P's default scenario contemplates a reduction of
international met coal prices due to prolonged global recession and
an oversupply of met coal in the market. Lagging demand and falling
prices would lead to deteriorating liquidity and would contribute
to a default.

-- S&P's recovery analysis estimates a gross recovery value of
approximately $412 million, assuming an emergence EBITDA of $82
million and a 5x EBITDA multiple consistent with industry peers.

-- S&P's assumed that approximately 60% of the $100 million
asset-based lending (ABL) facility would be drawn in the default
year.

-- Claims include six months of accrued but unpaid interest.

Simulated default assumptions

-- Year of default: 2021
-- Emergence EBITDA: $82.4 million
-- Implied enterprise valuation multiple: 5x
-- Gross enterprise value (EV): $412.2 million

Simplified waterfall

-- Net EV (after 5% administration cost): $392 million
-- Estimated priority claims: $61.4 million (ABL facility)
-- Estimated collateral value after priority claims: $330 million
-- Estimated senior secured claims: $499 million
-- Recovery expectation: (50%-70%; rounded estimate: 65%)

Ratings List

  Warrior Met Coal Inc.
   Issuer Credit Rating                       B/Stable/--

  Rating Lowered; Recovery Rating Revised
                                              To         From
   Warrior Met Coal Inc.
    Senior Secured                            B          B+
     Recovery Rating                          3 (65%)    2 (85%)


WEATHERFORD INTERNATIONAL: Prices Offering of $600M Senior Notes
----------------------------------------------------------------
Weatherford International plc announced the pricing of a private
offering of $600 million aggregate principal amount of its 9.875%
senior notes due 2025 at 99.34% of par to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended, and to certain non-U.S. persons in accordance with
Regulation S under the Securities Act.  The Notes will be senior,
unsecured obligations of Weatherford International, LLC, a Delaware
limited liability company and an indirect, wholly owned subsidiary
of the Company.  The Notes will be fully and unconditionally
guaranteed, on a senior, unsecured basis, by the Company and by
Weatherford International Ltd., a Bermuda exempted company and an
indirect, wholly owned subsidiary of the Company.  The Offering is
expected to close Feb. 28, 2018, subject to customary closing
conditions.

The purpose of the Offering is to repay in full the Company's 6.00%
senior notes due March 2018, to fund a tender offer to purchase for
cash any and all of the Company's 9.625% senior notes due 2019 and
for debt repayment.

The Notes will not be registered under the Securities Act or any
state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from such
registration requirements.

                      About Weatherford

Weatherford International plc (NYSE: WFT), an Irish public limited
company and Swiss tax resident -- http://www.weatherford.com/-- is
a multinational oilfield service company.  Weatherford provides
equipment and services used in the drilling, evaluation,
completion, production and intervention of oil and natural gas
wells.  The Company operates in over 90 countries and has a network
of approximately 800 locations, including manufacturing, service,
research and development, and training facilities and employs
approximately 29,200 people.

Weatherford reported a net loss attributable to the Company of
$2.81 billion in 2017, a net loss attributable to the Company of
$3.39 billion in 2016, and a net loss attributable to the Company
of $1.98 billion in 2015.  As of Dec. 31, 2017, Weatherford had
$9.74 billion in total assets, $10.31 billion in total liabilities
and a total shareholders' deficiency of $571 million.

                         *     *     *

As reported by the TCR on Nov. 20, 2017, Fitch Ratings affirmed
Weatherford and its subsidiaries' Long-Term Issuer Default Ratings
(IDR) and senior unsecured ratings at 'CCC'.  WFT's 'CCC' rating
reflects exposure to the oilfield services sector and a stressed
balance sheet.  Fitch expects an extended down-cycle and delayed
recovery from Fitch initial sector recovery expectations due to low
to range-bound oil and gas prices.


WESTERN REFRIGERATED: Taps Allen Barnes as Legal Counsel
--------------------------------------------------------
Western Refrigerated Freight Systems, Inc., and Western
Refrigerated Leasing, LLC filed applications seeking approval from
the U.S. Bankruptcy Court for the District of Arizona to hire Allen
Barnes & Jones, PLC, as their legal counsel.

The firm will advise the Debtors regarding their reorganization;
represent them in negotiations with creditors; and provide other
legal services related to their Chapter 11 cases.

The attorneys designated to represent the Debtors and their hourly
rates are:

     Thomas Allen      Member        $405
     Hilary Barnes     Member        $405
     Michael Jones     Member        $355
     Philip Giles      Associate     $305
     Khaled Tarazi     Associate     $255
     David Nelson      Associate     $225

The hourly rates for legal assistants and law clerks range from
$115 to $135.  The firm received a retainer of $26,717 from each
Debtor prior to the Petition Date.

Allen Barnes does not represent any interest adverse to the Debtors
and their estates, according to court filings.

The firm can be reached through:

        Thomas H. Allen, Esq.
        Philip J. Giles, Esq.
        Allen Barnes & Jones, PLC
        1850 N. Central Ave., Suite 1150
        Phoenix, AZ 85004
        Phone: (602) 256-6000
        Fax: (602) 252-4712
        E-mail: tallen@allenbarneslaw.com   
                pgiles@allenbarneslaw.com

                    About Western Refrigerated

Western Refrigerated Freight Systems, Inc. --
http://www.westernrefrigerated.com-- is a less-than-truckload
carrier based in Tolleson, Arizona.  The company, with two central
locations in the southwestern United States, handles temperature
sensitive shipping and distribution needs throughout California,
Arizona and Nevada.  The company has been in business since 1989,
serving the Southwest for over 20 years.

Western Refrigerated Freight Systems and Western Refrigerated
Leasing, LLC sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D. Ariz. Lead Case No. 18-01448) on Feb. 16, 2018.  

In the petitions signed by Jeffrey M. Boley, president, WRF
estimated assets of less than $1 million and liabilities of $1
million to $10 million, and WRL estimated assets and liabilities of
less than $1 million

Judge Brenda K. Martin presides over the cases.

Allen Barnes & Jones, PLC, is the Debtor's counsel.



WHEELCHAIR SALES: Case Summary & 9 Unsecured Creditors
------------------------------------------------------
Debtor: Wheelchair Sales & Services, Inc.
           dba WS&S Globam Medical
        14001 W. Illinois Highway
        New Lenox, IL 60451

Business Description: Wheelchair Sales & Service Inc is a medical
                      equipment supplier in New Lenox, Illinois.
                      The Company offers medical equipment such as
                      respirators, wheelchairs, home dialysis
                      systems, or monitoring systems, that are
                      prescribed by a physician for a patient's
                      use in the home and that are usable for an
                      extended period of time.

Chapter 11 Petition Date: February 26, 2018

Case No.: 18-05186

Court: United States Bankruptcy Court
       Northern District of Illinois (Chicago)

Judge: Hon. Donald R Cassling

Debtor's Counsel: David P. Lloyd, Esq.
                  DAVID P. LLOYD, LTD.
                  615B S. LaGrange Rd.
                  LaGrange, IL 60525
                  Tel: 708 937-1264
                  Fax: 708 937-1265
                  E-mail: courtdocs@davidlloydlaw.com
                          info@davidlloydlaw.com

Total Assets: $579,965

Total Liabilities: $1.04 million

The petition was signed by William M. Downs, stockholder.

A full-text copy of the petition containing, among other items, a
list of the Debtor's nine unsecured creditors is available for free
at http://bankrupt.com/misc/ilnb18-05186.pdf


WINDSOR MARKETING: Hires Tactical Solutions as Crisis Manager
-------------------------------------------------------------
Windsor Marketing Group, Inc. seeks authority from the U.S.
Bankruptcy Court for the District of Connecticut, Hartford
Division, to hire Tactical Solutions, LLC to provide crisis
management services and employ Brian McCusker as Chief Financial
Officer nunc pro tunc to Jan. 15, 2018.

Services Tactical Solutions will provide are:

     a. review the financial condition of the Company with a focus
on current and historical financial information and performance;

     b. review sales, gross profit margins, and contribution
margins;

     c. review historical financial information to identify trends
in gross margin performance and to support the assumptions
accompanying the financial projections;

     d. evaluate revenue trends and the current sales & marketing
strategy;

     e. conduct strategic discussions with management to determine
and understand the current and future objectives of the Company and
to provide our assessment as to their implementation, necessary
funding levels, and appropriate time frames for accomplishing these
objectives;

     f. evaluate the trends in cost of goods sold with review
historical projections to identify where variances are developing
and investigating the reasons for those variances;

     g. evaluate the cash flow of the Company and utilize the
information to satisfy the necessary reporting requirements of the
Court;

     h. if appropriate, analyze product offerings to ensure that
contribution levels justify the continued sales of the products. In
conjunction with this analysis, TS may evaluate current
inventory levels to identify potential funding sources through
inventory reductions;

     i. if requested, assist with the assessment of the Company's
organizational structure and make appropriate recommendations to
management;

     j. assist the Debtor with their rights, powers, and duties as
debtors-in-possession, and with the administration of its estate;

     k. perform ongoing restructuring and financial advisory
services, e.g., assist with cash management and control, implement
cost reduction and restructuring strategies, and participate in
discussions and negotiations with secured and unsecured lenders to
meet capital needs;

     l. assist the Debtor with due diligent information requests;

     m. perform necessary bankruptcy accounting and advisory
services in connection with the development and implementation of
the Debtor's strategic goals;

     n. assist in the preparation of financial information,
including cash flow projections and budgets, cash receipts and
disbursement analysis, analysis of various asset and liability
accounts, and analysis of proposed transactions for which Court
approval may be sought;
  
     o. prepare and attend Court hearings and the § 341 meeting of
creditors, if necessary;

     p. assist in the Debtor in preparing their bankruptcy
schedules and monthly operating reports;  

     q. assist with the Debtor's refinancing effort;

     r. assist in the formulation, negotiation, and analysis
necessary for the Chapter 11 plans of reorganization; and

     s. assist in the Debtor's counsel in the preparation and
evaluation of any potential litigation of claims objection and
avoidance actions, including fraudulent conveyances and
preferential transfers.

Tactical Solutions charged a weekly fee of $15,000 for the weeks
ending February 2 and February 9, 2018. Thereafter, Tactical
Solutions charges a weekly fee of $12,500 through the week ending
March 30, 2018.  Commencing the week ending April 6, 2018, Tactical
Solutions charges a weekly fee of $7,500.

TS's hourly rates are:

          Principal/Partner      $375
          Senior Consultant      $275
          Staff                  $175

Brian McCusker, Senior Consultant at Tactical Solutions, attests
that his firm represents no interest adverse to the Debtor or to
its estate and is a disinterested person as the term is defined in
11 U.S.C. 101(14).

The firm can be reached through:

     Brian McCusker
     Tactical Solutions, LLC
     10 Forbes Road West
     Braintree, MA 02184
     Phone: 781-303-0017
     Fax: 781-356-5450

                About Windsor Marketing Group

Headquartered in Suffield, Connecticut, Windsor Marketing Group,
Inc. -- https://windsormarketing.com/ -- is a privately held
company that develops and implements innovative in-store marketing
programs for more than 3,000 clients, including some of the
nation's top retailers.  Founded in 1976, Windsor Marketing helps
retailers make their stores easier to shop, reduce turnaround times
and lower production and fulfillment costs.

Windsor Marketing Group filed a Chapter 11 petition (Bankr. D.
Conn. Case No. 18-20022) on Jan. 8, 2018.  In the petition signed
by Kevin F. Armata, president, the Debtor estimated assets and
liabilities at $10 million to $50 million.  

The Debtor is represented by James Berman, Esq., at Zeisler &
Zeisler, P.C.

The U.S. Trustee for Region 2 on Jan. 22, 2018, formed an official
committee of unsecured creditors in the Chapter 11 case.


WWLC INVESTMENT: Given Until April 13 to Confirm Chapter 11 Plan
----------------------------------------------------------------
The Hon. Brenda T. Rhoades of the U.S. Bankruptcy Court for the
Eastern District of Texas has extended, at the behest of WWLC
Investment, L.P., the exclusivity period for the Debtor to confirm
a plan of reorganization until April 13, 2018.

The Troubled Company Reporter has previously reported that the
Debtor asked for an extension of the 180-day exclusive period to
confirm its Plan contending that the time requirements for
obtaining a setting on both a disclosure statement and confirmation
hearing within 60 days from filing a plan and disclosure statement
is challenging anytime of the year, but is more so at the end of
the year.  The Debtor filed its Plan on Dec. 29, 2017. Typical
delays caused by the end-of-the-year holidays and vacations
partially resulted in the disclosure statement hearing being set on
Feb. 13, 2018 using 46 of the 60 days.

The Debtor continued to have the exclusive right to solicit votes
for its Plan until Feb. 27, 2018.  The process to set a
confirmation hearing requires at least 28-day notice of the
deadline to object to confirmation of the Plan, with the hearing
typically a week later. Along with a few additional days for the
Debtor to accomplish the mail-out of the Plan, Disclosure
Statement, Ballots and Notice of Hearing, the Debtor will require
approximately 6-weeks to reach confirmation after the disclosure
statement hearing.

Given the scheduling challenges, the Debtor believed that it will
not be able to obtain approval of its Disclosure Statement any
earlier than February 13, 2018. Moreover, the Debtor said that its
plan is likely to be accepted by its creditors and confirmed in a
timely fashion since the Plan provides for 100% payment of all
allowed claims.

                     About WWLC Investment
  
WWLC Investment, L.P., sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. E.D. Tex. Case No. 17-41913) on Sept. 1,
2017.  In the petition signed by authorized representative Wendy
Chen, the Debtor estimated assets and liabilities of less than
$50,000.  Judge Brenda T. Rhoades presides over the case.  The
Debtor hired Quilling Selander Lownds Winslett & Moser, P.C., as
legal counsel; and Palmer & Manuel, LLP, and The Erikson Firm as
special counsel.


YOSKAR LIQUORS: Taps Zazella & Singer as Legal Counsel
------------------------------------------------------
Yoskar Liquors, Inc., seeks approval from the U.S. Bankruptcy Court
for the District of New Jersey to hire Zazella & Singer, Esqs., as
its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code; represent the Debtor in adversary proceedings; and
provide other legal services related to its Chapter 11 case.

The firm will charge an hourly fee of $375 for its services.

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

The firm can be reached through:

     Leonard S. Singer, Esq.
     Zazella & Singer, Esqs.
     36 Mountain View Blvd.
     Wayne, NJ 07470
     Phone: (973) 696-1700
     Fax: (973) 696-3228

                      About Yoskar Liquors

Yoskar Liquors, Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.N.J. Case No. 17-12196) on Feb. 3, 2017.
In the petition signed by Luisa Rodriguez, president, the Debtor
estimated assets of less than $50,000 and liabilities of less than
$500,000.


                            *********

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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
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Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
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Editors.

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