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/raid1/www/Hosts/bankrupt/TCR_Public/140830.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, August 30, 2014, Vol. 18, No. 241 Headlines ASHLEY STEWART: Has $12MM in Consolidated Total Assets at July 5 COLOR STAR: Ends July with $2.72 Million Cash CRUMBS BAKE SHOP: Incurs $202,660 Net Loss at July 31 ECOTALITY INC: ETEC Had $879,524 Cash at July 31 EDGENET INC: Lists $244,000 Net Loss in July EVENT RENTALS: Cash Balance Down to $5.26 Million at July 28 EXIDE TECHNOLOGIES: Posts $26.82 Million Net Loss in July IBCS MINING: Ends July with $305,061 Cash NATROL INC: Incurs $3.23 Million Net Loss at June 30 NOBLE LOGISTICS: Has $15.26 Million in Total Assets at July 31 NORTHSTAR AEROSPACE: Records $5.76 Million Net Loss in July POINT BLANK: Ends April with $421,088 Cash Balance POINT BLANK: Lists $35.61MM in Total Liabilities in May 2014 POINT BLANK: Posts $95,750 Net Loss in June 2014 OVERSEAS SHIPHOLDING: Net Loss Balloons to $187.32MM at June 30 REFCO PUBLIC: Ends June with $11.77 Million Cash Balance SPECIALTY HOSPITAL: Incurs $323,468 Net Loss at May 30 SPECIALTY HOSPITAL: Cash Balance Improves to $80,619 at June 30 SPECIALTY HOSPITAL: Suffers $323,468 Net Loss in July YARWAY CORPORATION: Net Loss Up to $2.77 Million in July ********* ASHLEY STEWART: Has $12MM in Consolidated Total Assets at July 5 ---------------------------------------------------------------- Ashley Stewart Holdings, Inc, et al., on August 22, 2014, filed their monthly operating report for the period covering June 1 through July 5, 2014. Debtor New Ashley Stewart, Inc., listed a $281,00 net loss for the reporting period. The other Debtors reported no revenues nor net income/loss. At July 5, the Debtors reported consolidated total assets of $12.79 million, consolidated total liabilities of $39.36 million, and a consolidated total shareholders' deficit of $26.56 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/ASHLEYSTEWARTjune2014mor.pdf About Ashley Stewart The Ashley Stewart name is synonymous with offering women who wear sizes 12 and up well-made fashionable clothes at affordable prices. Ashley Stewart Holdings Inc. and affiliates New Ashley Stewart Inc., AS IP Holdings Inc. and NAS Gift LLC filed Chapter 11 petitions in Newark, New Jersey (Bankr. D.N.J. Case Nos. 14-14383 to 14-14386) on March 10, 2014. Michael A. Abate signed the petitions as senior vice president finance/treasurer. Ashley Stewart Holdings estimated assets and liabilities of at least $10 million. The Hon. Michael B. Kaplan oversees the case. Curtis, Mallet-Prevost, Colt & Mosle LLP serves as the Debtors' general counsel. Cole, Schotz, Meisel, Forman & Leonard, P.A., is the Debtors' local counsel. PricewaterhouseCoopers LLP acts as the Debtors' financial advisor. Prime Clerk LLC serves as the Debtors' claims and noticing agent. The U.S. Trustee for Region 3 formed a five-member panel to act as the official committee of unsecured creditors in the Debtors' cases. Counsel to the Committee is Pachulski Stang Ziehl & Jones LLP. GlassRatner Advisory & Capital Group, LLC, acts as financial advisor to the Committee. Ashley Stewart has obtained authority to conduct store closing sales at 27 locations around the United States in accordance with a consulting agreement with Gordon Brothers Retail Partners, LLC. * * * The Debtors currently have the exclusive right to file a bankruptcy plan through Nov. 2, 2014, and the exclusive right of solicit acceptances for that plan through Jan. 2, 2015. COLOR STAR: Ends July with $2.72 Million Cash --------------------------------------------- Color Star Growers of Colorado, Inc., filed, on August 20, 2014, filed a monthly operating report for the month of July 2014. The Debtor posted total assets of $3.75 million and a scheduled amount of $62.21 million for total prepetition liabilities for July. The Debtor started July with $2.32 million cash. It listed total receipts of $394,356 and total disbursements of $1,569. At July 31, the Debtor had $2.72 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/COLORSTARGROWERSjuly2014mor.pdf About Color Star Color Star, a grower and wholesaler of flowers and nursery stock with greenhouses and distribution centers in Colorado, Missouri and Texas, filed for Chapter 11 bankruptcy protection in December 2013. Color Star Growers of Colorado, Inc., and two affiliates filed Chapter 11 bankruptcy petitions (Bankr. E.D. Tex. Case Nos. 13-42959 to 13-42961) on Dec. 15, 2013, in Sherman, Texas. The petitions were signed by Brad Walker, chief restructuring officer. The Debtors estimated assets of at least $10 million and liabilities of at least $50 million. Marcus A. Helt, Esq., and Evan R. Baker, Esq., at Gardere Wynne Sewell LLP, serve as the Debtors' counsel. Simon, Ray & Winikka LLP serves as special conflicts counsel. SSG Advisors, LLC provides investment banking services, and UpShot Services LLC serves as claims, noticing and balloting agent. The Official Committee of Unsecured Creditors appointed in the Debtors' cases retained Gavin/Solmonese, LLC as financial advisors; and Raymond J. Urbanik, Esq., Deborah M. Perry, Esq., Thomas Berghman, Esq., and Isaac J. Brown, Esq., at Munsch Hardt Kopf & Harr, PC as attorneys. CRUMBS BAKE SHOP: Incurs $202,660 Net Loss at July 31 ----------------------------------------------------- Crumbs Bake Shop, et al., on August 21, 2014, filed their monthly operating report for the period from July 12 to 31, 2014. Crumbs Holding LLC incurred a net loss of $202,660 over a total income of -$524 for the month. Crumbs Holding LLC declared total assets of $7.74 million, total liabilities of $8.72 million, and a total shareholders' equity of -$978,119. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CRUMBSBAKEjuly2014mor.pdf About Crumbs Bake Shop Crumbs Bake Shop, Inc. (OTCBB: CRMB), a New York-based cupcake specialty store chain, and 22 of its affiliates filed separate Chapter 11 bankruptcy petitions (Bankr. D. N.J. Lead Case No. 14-24287) on July 11, 2014. John D. Ireland signed the petitions as chief financial officer. Crumbs Bake Shop estimated assets of $10 million to $50 million and the same range of liabilities. Cole, Schotz, Meisel, Forman & Leonard, P.A., acts as the Debtors' counsel. Glass Ratner is serving as Crumbs' financial advisor. Prime Clerk LLC is the Debtors' claims and noticing agent. Judge Michael B. Kaplan oversees the jointly administered cases. * * * On July 7, 2014, the Board of Directors of Crumbs Bake Shop determined to cease operations effective immediately. The Board's determination was made after the Company lacked sufficient liquidity to maintain current operations. On the petition date, Crumbs entered into an Asset Purchase Agreement through which Lemonis Fischer Acquisition Company, LLC, a joint venture created by Marcus Lemonis LLC and Fischer Enterprises, L.L.C., will acquire the Crumbs' business as part of the Company's Chapter 11 filing. The Debtor will sell itself at a bankruptcy auction on Aug. 21. The lead bidder has a $6.5 million credit bid. A hearing to approve the sale is scheduled to take place on Aug. 26. The Company hopes to complete the sale process in approximately 60 days, pending receipt of the necessary approvals from the Bankruptcy Court. Lemonis Fischer Acquisition is represented by Louis Price, Esq., at McAfee & Taft PC. ECOTALITY INC: ETEC Had $879,524 Cash at July 31 ------------------------------------------------ Electronic Transportation Engineering Corporation, lead debtor in the Chapter 11 cases of Ecotality, Inc., et al., on August 25, 2014, filed a monthly operating report for July 2014. ETEC reported a net loss of $983 on zero revenues for the month. ETEC listed total assets of $5.83 million, total liabilities of $97.35 million, and a total shareholders' equity of -$91.53 million. The Debtors had a cash balance of $980,498 at July 1. They recorded zero receipts and $100,975 in total disbursements. At month end, the Debtors had $879,524 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/ECOtalitymorJuly2014.pdf About Ecotality Inc. Headquartered in San Francisco, California, Ecotality, Inc. (Nasdaq: ECTY) -- http://www.ecotality.com-- is a provider of electric transportation and storage technologies. Ecotality Inc. along with affiliates including lead debtor Electric Transportation Engineering Corp. sought Chapter 11 protection (Bankr. D. Ariz. Lead Case No. 13-16126) on Sept. 16, 2013, with plans to sell the business at an auction. The cases are assigned to Chief Judge Randolph J. Haines. The Debtors' lead counsel are Charles R. Gibbs, Esq., at Akin Gump Strauss Hauer & Feld LLP, in Dallas, Texas; and David P. Simonds, Esq., and Arun Kurichety, Esq., at Akin Gump Strauss Hauer & Feld LLP, in Los Angeles, California. The Debtors' local counsel is Jared G. Parker, Esq., at Parker Schwartz, PLLC, in Phoenix, Arizona. FTI Consulting, Inc. serves as the Debtors' crisis manager and financial advisor. The Debtors' claims and noticing agent is Kurtzman Carson Consultants LLC. Electric Transportation estimated assets of $10 million to $50 million and debt of $100 million to $500 million. Unlike most companies in bankruptcy, Ecotality has no secured debt. It simply ran out of money. There's $5 million owing on convertible notes, plus liability on leases. Part of pre-bankruptcy financing took the form of a $100 million cost-sharing grant from the U.S. Energy Department. In view of the San Francisco-based company's financial problems, the government cut off the grant when $84.8 million had been drawn. On Sept. 24, 2013, the Office of the United States Trustee for Region 14 appointed a committee of unsecured creditors. In October 2013, the bankruptcy judge cleared Ecotality to sell most of the business to Car Charging Group Inc. for $3.3 million. Two other buyers purchased other assets for $1 million in total. EDGENET INC: Lists $244,000 Net Loss in July -------------------------------------------- Edgenet, Inc., nka EI Windown Inc., filed, on August 20, 2014, a monthly operating report for July 2014. The Debtor listed a net loss of $244,000 on zero revenue in July, an improvement from the $11.40 million net loss incurred in the previous month. At July 31, the Debtor had $18.56 million in total assets, $108.18 million in total liabilities, and a total shareholders' equity of -$222.74 million. The Debtor started July with a cash balance of $18.92 million. It reported total receipts of $150,000 and total disbursements of $723,097. The disbursements include professional fees of $548,566. At the end of the month, the Debtor had a cash balance of $18.34 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/EDGENETINCjuly2014mor.pdf About Edgenet Inc. Edgenet, Inc., and Edgenet Holding Corp. are providers of cloud- based content and applications that enable companies to sell more products and services with greater ease across multiple channels and devices. Edgenet has three business locations: Waukesha, WI, Brentwood, TN, and its main office in Atlanta, GA. The Company has 80 employees. Edgenet Inc. and Edgenet Holding filed for Chapter 11 bankruptcy protection in Delaware (Lead Case No. 14-10066) on Jan. 14, 2014. Edgenet Inc. estimated assets of at least $10 million and liabilities of $100 million to $500 million. Raymond Howard Lemisch, Esq., at Klehr Harrison Harvey Branzburg LLP, in Wilmington, Delaware, serves as counsel to the Debtors; Glass Ratner Advisory & Capital Group LLC is the financial advisor; JMP Securities, LLC, is the investment banker, and Phase Eleven Consultants, LLC, is the claims and noticing agent. The U.S. Trustee has been unable to appoint an official unsecured creditors committee as no sufficient interest has been generated from creditors. Fred Marxer, Timothy Choate and Davis Carr, individuals and holders of a segment of the promissory notes issued in 2004 that have been referred to by Edgenet, Inc., et al., requested that the Court issue an order appointing an official committee of Seller Noteholders, or in the alternative, an official committee of unsecured creditors, with members appointed from the Seller Noteholders who agree to waive any continued security interest arising from the Seller Notes. Roberta A. DeAngelis, the U.S. Trustee for Region 3, appointed on March 13, 2014, five noteholders to serve on the Official Committee of Note Holders. In May, Bankruptcy Judge Brendan L. Shannon denied Edgenet Inc., et al.'s motion to disband the Noteholders Committee. The Noteholders Committee has retained Morris James LLP's Jeffrey R. Waxman, Esq.; and Cooley LLP's Cathey Hershcopf, Esq., and Jeffrey L. Cohen, Esq., as co-counsel to the Committee. The Bankruptcy Court has approved the change of name of Edgenet Inc., to EI Wind Down, Inc., and Edgenet Holding Corporation to EHC Holding Wind Down Corp. EVENT RENTALS: Cash Balance Down to $5.26 Million at July 28 ------------------------------------------------------------ After-Party2, Inc., f/k/a Event Rentals, Inc., et al., filed, on August 20, 2014, their monthly operating report for July 2014. At July 28, the Debtors listed a net loss of $112,000. Taking into account $570,000 in professional fees, the Debtors reported an adjusted net loss of $682,000 on zero revenues. As of July 28, the Debtors had total assets of $5.87 million, total liabilities of $39.53 million, and a total shareholders' deficit of $33.67 million. The Debtors had $8.93 million cash at June 30. They listed total disbursements of $3.67 million for the reporting period. As a result, the Debtors had $5.26 million cash at July 28. A copy of the monthly operating report is available at: http://bankrupt.com/misc/AFTER-PARTY2INCjuly2014mor.pdf About Event Rentals Event Rentals Inc., the largest event-rental provider in the U.S., filed for Chapter 11 bankruptcy protection (Bankr. D. Del. Case No. 14-bk-10282) on Feb. 13, 2014. Event Rentals, which sought bankruptcy protection with affiliates, including Classic Midwest, Inc., has 39 locations across 22 markets. The company has the largest offering of event equipment, value-added event services, and temporary structure assets, and provide services for over 145,000 events for approximately 55,000 customers annually. The company taps 2,500 employees throughout the year and has total annual revenues of $235 million. Assets were listed for $148 million, with debt of $246 million. The Debtors owe $175 million in outstanding principal under a senior secured credit agreement; $36 million in outstanding principal under certain unsecured and subordinated liquidity notes; $5.5 million in outstanding principal under certain unsecured and subordinated seller financing relating to business acquisitions; and trade debt, as of Dec. 26, 2013, totaling $16.6 million. The Debtors have tapped Jeffrey M. Schlerf, Esq., and John H. Strock, Esq., at Fox Rothschild LLP as local counsel; John K. Cunningham, Esq., and Craig H. Averch, Esq., at White & Case LLP as bankruptcy counsel; Jefferies LLC as financial advisor; and Kurtzman Carson Consultants LLC as claims and noticing agent. The Debtors sought bankruptcy protection as they seek a new owner to take over the business. Existing lenders led by Ableco Finance LLC, as administrative agent, have agreed to finance the bankruptcy with a DIP financing facility of up to $20 million. Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed seven creditors to serve on the Official Committee of Unsecured Creditors for the Debtors' Chapter 11 cases. The Debtors disclosed that funds managed by Apollo Global Management, LLC submitted the winning offer to acquire substantially all of the Debtors' business at the April 21, 2014 auction. Apollo acquired the business for $125.2 million in cash. EXIDE TECHNOLOGIES: Posts $26.82 Million Net Loss in July --------------------------------------------------------- Exide Technologies, Inc., filed, on August 20, 2014, a monthly operating report for July 2014. The Debtor's statement of operations showed a net loss of $26.82 million on net sales of $82.15 million. At July 31, the Debtor declared $1.31 billion in total assets, $1.45 billion in total liabilities, and -$136.23 million in total shareholders' equity. The Debtor started the month with a cash balance of $4.51 million. It posted total receipts of $118.79 million and total disbursements of $122.78 million. As a result, the Debtor had $528,000 cash at the end of the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/ExideTechnologiesmorJuly2014.pdf About Exide Technologies Headquartered in Princeton, New Jersey, Exide Technologies -- http://www.exide.com/-- manufactures and distributes lead acid batteries and other related electrical energy storage products. Exide first sought Chapter 11 protection (Bankr. Del. Case No. 02-11125) on April 14, 2002 and exited bankruptcy two years after. Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland & Ellis, and James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP represented the Debtors in their successful restructuring. Exide returned to Chapter 11 bankruptcy (Bankr. D. Del. Case No. 13-11482) on June 10, 2013. Exide disclosed $1.89 billion in assets and $1.14 billion in liabilities as of March 31, 2013. Exide's international operations were not included in the filing and will continue their business operations without supervision from the U.S. courts. The Company's common stock has been delisted from trading on the Nasdaq Stock Market following the bankruptcy. For the new case, Exide has tapped Anthony W. Clark, Esq., at Skadden, Arps, Slate, Meagher & Flom LLP, and Pachulski Stang Ziehl & Jones LLP as counsel; Alvarez & Marsal as financial advisor; Sitrick and Company Inc. as public relations consultant and GCG as claims agent. Schnader Harrison Segal & Lewis LLP was tapped as special counsel. The Official Committee of Unsecured Creditors is represented by Lowenstein Sandler LLP and Morris, Nichols, Arsht & Tunnell LLP as co-counsel. Zolfo Cooper, LLC serves as its bankruptcy consultants and financial advisors. Geosyntec Consultants was tapped as environmental consultants to the Committee. Robert J. Keach of the law firm Bernstein Shur as fee examiner has been appointed as fee examiner. He has hired his own firm as counsel. * * * Exide related in a June 30, 2014 press release that it received a non-binding proposal for a Plan of Reorganization (POR) from the Unofficial Committee of Senior Secured Noteholders (UNC). The UNC members hold a substantial majority of the Company's Debtor-in- Possession (DIP) facility term loan and prepetition senior secured notes. The UNC proposal contemplates, among other things, an investment of $300 million in new equity capital backstopped by certain members of the UNC. The Debtor says the proposal is highly constructive and is the likely path it will follow in order to emerge from chapter 11. IBCS MINING: Ends July with $305,061 Cash ----------------------------------------- IBCS Mining, Inc., on August 15, 2014, filed its monthly operating report for July 2014. The Debtor suffered a net loss of $242,305 on net revenues of $91 for the month. The Debtor recorded $7.23 million in total assets, $7.83 million in total liabilities, and -$606,647 in total shareholders' equity. The Debtor started the month with a cash balance of -$360. It listed total receipts of $396,985 and total disbursements of $91,563. At month end, the Debtor had $305,061 cash. The Debtor subsequently filed an amended July monthly operating report on August 25, 2014, which included an amended table of payment to insiders and professionals for July 2014. Under the Amended MOR, the Debtor's table of payments to insiders and professionals now show a payment of $106,930 made to Hirschler Fleischer. Copies of the MORs are available at: * Original MOR http://bankrupt.com/misc/IBCSMiningmorJuly2014.pdf * Amended MOR http://bankrupt.com/misc/IBCSMiningamendedmorJuly2014.pdf About IBCS Mining IBCS Mining, Inc., and IBCS Mining, Inc., Kentucky Division, filed separate Chapter 11 bankruptcy petitions (Bankr. W.D. Va. Case Nos. 14-61215 and 14-61216) on June 27, 2014. Edmund Scarborough signed the petition as president. Hirschler Fleischer, P.C., serves as the Debtors' counsel. The Court on July 8, 2014, authorized the joint administration of the cases. The cases are assigned to Judge Kevin R. Huennekens. IBCS Mining estimated assets and debts of at least $10 million. IBCS Mining Inc. disclosed $6,914,815 in assets and $7,279,157 in liabilities. The U.S. Trustee for Region 4 appointed two creditors to serves in the Official Committee of Unsecured Creditors. NATROL INC: Incurs $3.23 Million Net Loss at June 30 ---------------------------------------------------- Natrol, Inc., et al., filed, on August 7, 2014, an operating report for the period from June 11 to 30, 2014. The Debtors incurred a net loss of $3.23 million on net sales of $41.84 million for the current reporting period. At June 30, the Debtors recorded total assets of $125.43 million, total liabilities of $88.63 million, and a total shareholders' equity of $36.80 million. The Debtors had an $863,650 opening book balance at June 11. They posted $6.45 million in total receipts, $1.12 million in total operating disbursements, and $1.84 million in total non-operating disbursements. At June 30, the Debtors had a $4.34 million closing book balance. Taking into account $252,616 in outstanding checks, the Debtor had an ending cash balance of $4.60 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/NATROLINCjune2014mor.pdf About Natrol, Inc. Headquartered in Chatsworth, Calif., Natrol, Inc. -- http://www.natrol.com-- is a wholly owned subsidiary of Plethico Pharmaceuticals Limited. Plethico Pharmaceuticals Limited (BSE: 532739. BO: PLETHICO) engages in the manufacturing, marketing and distribution of pharmaceutical and allied healthcare products around the world. Natrol products are made in the U.S. Established in 1980, Natrol, Inc. has been a global leader in the nutrition industry, and a trusted manufacturer and marketer of a superior quality of herbs and botanicals, multivitamins, specialty and sports nutrition supplements made to support health and wellness throughout all ages and stages of life. Natrol products are available in health food stores, drug and grocery stores, and mass-market retailers, and through Natrol.com and other online retailers. Natrol distributes products nationally through more than 54,000 retailers as well as internationally in over 40 other countries through distribution partners. Natrol, Inc., and its six affiliates sought bankruptcy protection on June 11, 2014 (Case No. 14-11446, Bankr. D. Del.). The case is assigned to Judge Brendan Linehan Shannon. The Debtors are represented by Robert A. Klyman, Esq., and Samuel A. Newman, Esq., at GIBSON, DUNN & CRUTCHER LLP, in Los Angeles, California; and Michael R. Nestor, Esq., Maris J. Kandestin, Esq., and Ian J. Bambrick, Esq., at YOUNG CONAWAY STARGATT & TAYLOR, LLP, in Wilmington, Delaware. The Debtors' Claims and Noticing Agent is EPIQ SYSTEMS INC. The Debtors requested that the Court approve the employment of (i) Jeffrey C. Perea of the firm Conway MacKenzie Management Services, LLC as chief financial officer and for CMS to provide temporary employees to assist Mr. Perea in carrying out his duties; (ii) Stephen P. Milner of the firm Squar, Milner, Peterson, Miranda & Williamson LLP as chief restructuring officer and for CMS to provide temporary employees to assist Mr. Milner in carrying out his duties; (iv) BDO USA, LLP as auditor; (v) TaxGroup Partners as tax services provider. The U.S. Trustee for Region 3 on June 19 appointed five creditors of Natrol, Inc. to serve on the official committee of unsecured creditors. The Committee tapped to retain Otterbourg P.C. as lead counsel; (ii) Pepper Hamilton LLP as Delaware co NOBLE LOGISTICS: Has $15.26 Million in Total Assets at July 31 -------------------------------------------------------------- Noble Logistics, Inc., and its affiliates, filed, on August 20, 2014, their monthly operating report for July 2014. The Debtors listed total assets of $15.26 million, total liabilities of $1.91 million, and a total shareholders' equity of $13.34 million. The Debtors had a cash balance of -$997,445 at July 1. They recorded total receipts and disbursements of $58,143. At the end of the month, the Debtors' cash balance remained at -$997,445. A copy of the monthly operating report is available at: http://bankrupt.com/misc/NOBLELOGISTICSjuly2014mor.pdf About Noble Logistics, Inc. Noble Logistics, Inc. filed a Chapter 11 petition (Bankr. D. Del. Case No. 14-10442) on Feb. 28, 2014 in Delaware. About eight affiliates of Noble Logistics also filed separate bankruptcy cases on Feb. 28. Gregg M. Galardi, Esq., and Emily A. Battersby, Esq. at DLA PIPER LLP, serve as counsel to the Debtor. The Debtor estimated $10 million to $50 million in both assets and liabilities. On March 24, 2014, Roberta A. DeAngelis, U.S. Trustee Region 3, notified the Bankruptcy Court that she has been unable to appoint a creditors committee in the Debtors' Chapter 11 cases due to insufficient response to the Trustee's communication/contact for service on the committee. NORTHSTAR AEROSPACE: Records $5.76 Million Net Loss in July ----------------------------------------------------------- Northstar Aerospace (USA) Inc., now known as NSA (USA) Liquidating Corp., et al., filed, on August 19, 2014, their monthly operating report for the month of July 2014. NSA (USA) Liquidating Corp. incurred a net loss of $5.76 million on zero sales for the month. NSA (USA) Liquidating Corp. reported total assets of $102.03 million, total liabilities of $87.79 million, and a total shareholders' equity of $14.24 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/NORTHSTARAEROSPACEjuly2014mor.pdf About Northstar Aerospace Chicago, Illinois-based Northstar Aerospace -- http://www.nsaero.com/-- is an independent manufacturer of flight critical gears and transmissions. With operating subsidiaries in the United States and Canada, Northstar produces helicopter gears and transmissions, accessory gearbox assemblies, rotorcraft drive systems and other machined and fabricated parts. It also provides maintenance, repair and overhaul of components and transmissions. Its plants are located in Chicago, Illinois; Phoenix, Arizona and Milton and Windsor, Ontario. Northstar employs over 700 people across its operations. Northstar Aerospace, along with affiliates, filed for Chapter 11 protection (Bankr. D. Del. Lead Case No. 12-11817) in Wilmington, Delaware, on June 14, 2012, to sell its business to affiliates of Wynnchurch Capital, Ltd., absent higher and better offers. The names of the Debtors were changed as contemplated by the approved sale transaction. The new names are NSA (USA) Liquidating Corp., NSA (CHI) Liquidating Corp., D-Velco Manufacturing of Arizona, Inc., and DUSA Liquidating Corp. Attorneys at Dentons US LLP and Bayard, P.A. serve as counsel to the Debtors. The Debtors have obtained approval to hire Logan & Co. Inc. as the claims and notice agent. Certain Canadian affiliates are also seeking protection pursuant to the Companies' Creditors Arrangement Act, R.S.C.1985, c. C-36, as amended. As of March 31, 2012, Northstar disclosed total assets of $165.1 million and total liabilities of $147.1 million. About 60% of the assets and business are with the U.S. Debtors. POINT BLANK: Ends April with $421,088 Cash Balance -------------------------------------------------- SS Body Armor I, Inc., et al., formerly known as Point Blank Solutions Inc., on August 19, 2014, filed their monthly operating report for April 2014. The Debtors' statement of operations showed a net loss of $127,047 on zero sales for the month. The Debtors posted total assets of $4.98 million, total liabilities of $35.49 million, and a total shareholders' equity of -$50.30 million. The Debtors had $428,119 cash at the beginning of the month. They listed zero receipts and $7,031 in total disbursements for the month. At month end, the Debtors had $421,088 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/POINTBLANKapril2014mor.pdf About Point Blank Headquartered in Pompano Beach, Florida, Point Blank Solutions, Inc. -- http://www.pointblanksolutionsinc.com/-- designs and produces body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company maintains facilities in Pompano Beach, Florida, and Jacksboro, Tennessee. The Company's former chief executive officer and chief operating officer were convicted in September 2010 of orchestrating a $185 million fraud. Point Blank Solutions, formerly DHB Industries, filed for Chapter 11 protection (Bankr. D. Del. Case No. 10-11255) on April 14, 2010. Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M. Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor. Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate counsel. Epiq Bankruptcy Solutions serves as claims and notice agent. The U.S. Trustee has appointed an Official Committee of Unsecured Creditors and a separate Official Committee of Equity Security Holders in the case. Ian Connor Bifferato, Esq., and Thomas F. Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein, Esq., Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq., at Baker & McKenzie LLP, serve as counsel for the Official Committee of Equity Security Holders. Robert M. Hirsh, Esq., and George P. Angelich, Esq., at Arent Fox LLP, serve as counsel to the Creditors Committee, and Frederick B. Rosner, Esq., and Brian L. Arban, Esq., at the Rosner Law Group LLC, serve as co-counsel. In October 2011, the Debtors sold substantially all assets to Point Blank Enterprises, Inc. The lead debtor changed its name to SS Body Armor I, Inc. following the sale. POINT BLANK: Lists $35.61MM in Total Liabilities in May 2014 ------------------------------------------------------------ SS Body Armor I, Inc., et al., formerly known as Point Blank Solutions Inc.filed, on August 19, 2014, their monthly operating report for the month of May 2014. The Debtors incurred a net loss of $124,575 with zero sales. The Debtors listed total assets of $4.97 million, total liabilities of $35.61 million, and a total shareholders' equity of -$50.43 million. The Debtors started the month with a cash balance of $421,088. They recorded zero receipts and $464 in total disbursements for the month. At the end of the month, the Debtors had $420,624 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/POINTBLANKmay2014mor.pdf About Point Blank Headquartered in Pompano Beach, Florida, Point Blank Solutions, Inc. -- http://www.pointblanksolutionsinc.com/-- designs and produces body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company maintains facilities in Pompano Beach, Florida, and Jacksboro, Tennessee. The Company's former chief executive officer and chief operating officer were convicted in September 2010 of orchestrating a $185 million fraud. Point Blank Solutions, formerly DHB Industries, filed for Chapter 11 protection (Bankr. D. Del. Case No. 10-11255) on April 14, 2010. Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M. Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor. Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate counsel. Epiq Bankruptcy Solutions serves as claims and notice agent. The U.S. Trustee has appointed an Official Committee of Unsecured Creditors and a separate Official Committee of Equity Security Holders in the case. Ian Connor Bifferato, Esq., and Thomas F. Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein, Esq., Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq., at Baker & McKenzie LLP, serve as counsel for the Official Committee of Equity Security Holders. Robert M. Hirsh, Esq., and George P. Angelich, Esq., at Arent Fox LLP, serve as counsel to the Creditors Committee, and Frederick B. Rosner, Esq., and Brian L. Arban, Esq., at the Rosner Law Group LLC, serve as co-counsel. In October 2011, the Debtors sold substantially all assets to Point Blank Enterprises, Inc. The lead debtor changed its name to SS Body Armor I, Inc. following the sale. POINT BLANK: Posts $95,750 Net Loss in June 2014 ------------------------------------------------ SS Body Armor I, Inc., et al., formerly known as Point Blank Solutions Inc., on August 19, 2014, filed their monthly operating report for the month of June 2014. The Debtors posted a net loss of $95,750 at June 30, a decrease from the $124,575 net loss incurred for the previous month. At June 30, the Debtors had total assets of $4.94 million, total liabilities of $35.68 million, and a total shareholders' deficit of $50.53 million. The Debtors started the month with a cash balance of $420,624. They reported zero receipts and $20,459 in total disbursements for the month. As a result, the Debtors ended the month with $400,165 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/POINTBLANKjune2014mor.pdf About Point Blank Headquartered in Pompano Beach, Florida, Point Blank Solutions, Inc. -- http://www.pointblanksolutionsinc.com/-- designs and produces body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company maintains facilities in Pompano Beach, Florida, and Jacksboro, Tennessee. The Company's former chief executive officer and chief operating officer were convicted in September 2010 of orchestrating a $185 million fraud. Point Blank Solutions, formerly DHB Industries, filed for Chapter 11 protection (Bankr. D. Del. Case No. 10-11255) on April 14, 2010. Laura Davis Jones, Esq., Alan J. Kornfeld, Esq., David M. Bertenthal, Esq., and Timothy P. Cairns, Esq., at Pachulski Stang Ziehl & Jones LLP, serve as bankruptcy counsel to the Debtor. Olshan Grundman Frome Rosenweig & Wolosky LLP serves as corporate counsel. Epiq Bankruptcy Solutions serves as claims and notice agent. The U.S. Trustee has appointed an Official Committee of Unsecured Creditors and a separate Official Committee of Equity Security Holders in the case. Ian Connor Bifferato, Esq., and Thomas F. Driscoll III, Esq., at Bifferato LLC; and Carmen H. Lonstein, Esq., Andrew P.R. McDermott, Esq., and Lawrence P. Vonckx, Esq., at Baker & McKenzie LLP, serve as counsel for the Official Committee of Equity Security Holders. Robert M. Hirsh, Esq., and George P. Angelich, Esq., at Arent Fox LLP, serve as counsel to the Creditors Committee, and Frederick B. Rosner, Esq., and Brian L. Arban, Esq., at the Rosner Law Group LLC, serve as co-counsel. In October 2011, the Debtors sold substantially all assets to Point Blank Enterprises, Inc. The lead debtor changed its name to SS Body Armor I, Inc. following the sale. OVERSEAS SHIPHOLDING: Net Loss Balloons to $187.32MM at June 30 --------------------------------------------------------------- Overseas Shipholding Group, Inc., et al., filed a monthly operating report with the U.S. Securities and Exchange Commission for June 2014. The Debtors suffered a net loss of $187.32 million on $78.05 million in total shipping revenues for June, a large increase from the $10.55 million net loss recorded in the previous month. At June 30, the Debtors declared total assets of $3.66 billion, total liabilities of $3.91 billion, and a total shareholders' equity of -$255.85 million. The Debtors started June with a cash balance of $647.70 million. They listed total receipts of $91.36 million and total disbursements of $94.16 million. At June 30, the Debtors had $644.91 million cash. A copy of the June monthly operating report is available at the SEC at http://is.gd/AyrkJ1 About Overseas Shipholding Overseas Shipholding Group, Inc. (OTC: OSGIQ), headquartered in New York, is one of the largest publicly traded tanker companies in the world, engaged primarily in the ocean transportation of crude oil and petroleum products. OSG owns or operates 111 vessels that transport oil and petroleum products throughout the world. Overseas Shipholding Group and 180 affiliates filed voluntary Chapter 11 petitions (Bankr. D. Del. Lead Case No. 12-20000) on Nov. 14, 2012, disclosing $4.15 billion in assets and $2.67 billion in liabilities. Greylock Partners LLC Chief Executive John Ray serves as chief reorganization officer. James L. Bromley, Esq., and Luke A. Barefoot, Esq., at Cleary Gottlieb Steen & Hamilton LLP serve as OSG's Chapter 11 counsel. Derek C. Abbott, Esq., Daniel B. Butz, Esq., and William M. Alleman, Jr., at Morris, Nichols, Arsht & Tunnell LLP, serve as local counsel. Chilmark Partners LLC serves as financial adviser. Kurtzman Carson Consultants LLC is the claims and notice agent. The Export-Import Bank of China, owed $312 million used for the construction of five tankers, is represented by Louis R. Strubeck, Jr., Esq., and Kristian W. Gluck, Esq., at Fulbright & Jaworski LLP in Dallas; David L. Barrack, Esq., and Beret Flom, Esq., at Fulbright & Jaworski in New York; and John Knight, Esq., and Christopher Samis, Esq., at Richards Layton & Finger PA. Chilmark Partners, LLC serves as financial and restructuring advisor. Akin Gump Strauss Hauer & Feld LLP, and Pepper Hamilton LLP, serve as co-counsel to the official committee of unsecured creditors. FTI Consulting, Inc., is the financial advisor and Houlihan Lokey Capital, Inc., is the investment banker. U.S. Bank National Association is the successor administrative agent under the $1.5 billion credit agreement, dated as of February 9, 2006 by and among (a) OSG, OSG Bulk Ships, Inc., and OSG International, Inc., as joint and several borrowers, (b) the Administrative Agent and (c) various lenders party thereto. Counsel to the Administrative Agent are Milbank, Tweed, Hadley & McCloy LLP; Holland & Knight LLP; and Drinker Biddle & Reath LLP. Lazard Freres & Co. LLC serves as advisor to the Administrative Agent. An official committee of Equity Security Holders has been appointed in the case. It is represented by Brown Rudnick LLP's Steven D. Pohl, Esq., James W. Stoll, Esq. and Jesse N. Garfinkle, Esq.; Fox Rothschild LLP's Jeffrey M. Schlerf, Esq., John H. Strock, Esq. and L. John Bird, Esq. Judge Walsh signed on July 18, 2014, a findings of fact, conclusions of law, and order confirming the First Amended Joint Plan of Reorganization of OSG and its debtor-affiliates. A blacklined version of the Plan dated July 17, 2014, is available at http://bankrupt.com/misc/OSGplan0716.pdf A full-text copy of Judge Walsh's Confirmation Order is available at http://bankrupt.com/misc/OSGplanord0718.pdf OSG notified the Delaware Bankruptcy Court that on Aug. 5, 2014, each of the conditions precedent to the effectiveness of the First Amended Joint Plan of Reorganization occurred or was waived in accordance with the provisions of the Plan. Accordingly, the Plan became effective and was substantially consummated on Aug. 5. The Debtors will make initial distributions to holders of allowed claims and allowed equity interests on or before Aug. 19. REFCO PUBLIC: Ends June with $11.77 Million Cash Balance -------------------------------------------------------- Refco Public Commodity Pool, L.P., on July 18, 2014, filed its monthly operating report for June 2014. As of June 30, the Debtor had total assets of $18.75 million, total liabilities of $173,085, and a total shareholders' equity of $18.58 million. The Debtor had $11.97 million cash at the beginning of the month. It reported total receipts of $1,178 and total disbursements of $14,750. The disbursements include $14,415 in professional fees. At the end of the month, the Debtor had $11.77 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/RefcoPublicCommoditymorJune2014.pdf About Refco Public Commodity Refco Public Commodity Pool, L.P., also known as S&P Managed Futures Index Fund, L.P., is a fund that was formed in May 2003 to make investments that substantially track the performance of the Standard & Poor's Managed Futures Index. It did this by investing substantially all of its assets in SPhinX Managed Futures Fund, SPC, a Cayman Islands domiciled segregated portfolio company. RefcoFund Holdings, LLC was the general partner of the Fund. Refco Public filed a Chapter 11 bankruptcy petition (Bankr. D. Del. Case No. 14-11216) in Wilmington, Delaware, on May 13, 2014. Daniel F. Dooley signed the petition as managing member of MAA, LLC. The Debtor estimated assets of $17 million and debt of $0. The case is assigned to Judge Brendan Linehan Shannon. Alston & Bird LLP in Atlanta, Georgia, serves as the Debtor's counsel. Richards, Layton & Finger, in Delaware, acts as local counsel. Morris Anderson & Associates, Ltd., is the Debtor's financial advisor, and Maples & Calder serves as the Debtor's Cayman Islands counsel. SPECIALTY HOSPITAL: Incurs $323,468 Net Loss at May 30 ------------------------------------------------------ Specialty Hospital of Washington, LLC, filed, on June 30, 2014, its monthly operating report for May 2014. The Debtor suffered a net loss of $323,468 on a net operating revenue of $474,262. The Debtor declared $19.39 million in total assets, $49.54 million in total liabilities, and -$30.14 million in total shareholders' equity. The Debtor had a cash balance of -$55,255 at the beginning of the month. It listed total cash receipts of $328,032 and total cash disbursements of $396,563. At the end of the month, the Debtor had -$123,787 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SPECIALTYHOSPITALmay2014mor.pdf About Specialty Hospital Specialty Hospital of America LLC operates nursing home facilities and long-term acute care hospitals. On April 23, 2014, an involuntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 14- 10935) was filed against Specialty Hospitals of Washington, LLC ("SHDC"). Capitol Hill Group and five other alleged creditors who signed the involuntary bankruptcy petition are represented by Stephen W. Spence, Esq., at Phillips, Goldman & Spence, in Wilmington, Delaware. Capitol Hill Group claims to be owed $1.66 million on a lease for non-residential real property while another creditor, Metropolitan Medical Group, LLC, claims $837,000 for physician services. The petitioners assert $2.69 million in total claims. On May 9, 2014, the Delaware court transferred the case to Washington, D.C. (Bankr. D.C. Case No. 14-00279). On May 21, 2014, SHDC filed an answer and consent for relief under Chapter 11. Also on May 21, six affiliates of SHDC, including Specialty Hospital of America, LLC filed for Chapter 11 protection. The U.S. Bankruptcy Court entered an order directing the joint administration the cases under Specialty Hospital of Washington, LLC, Case No. 14-00279. The Debtors announced plans to sell all of their assets in exchange for a $15 million debtor-in-possession loan from Silver Point Capital, which will allow the Debtors to continue operating through the bankruptcy process. Specialty Hospital of America estimated between $10 million and $50 million in assets and between $50 million and $100 million in liabilities in its bankruptcy petition. The Debtors are represented by Pillsbury Winthrop Shaw Pittman LLP as counsel. Alvarez and Marsal Healthcare Industry Group, LLC, serves as the Debtorsv financial advisor. Cain Brothers & Company, LLC, is the Debtorsv investment banker. The U.S. Trustee has named three members to the Official Committee of Unsecured Creditors. SPECIALTY HOSPITAL: Cash Balance Improves to $80,619 at June 30 --------------------------------------------------------------- Specialty Hospital of Washington, LLC, on July 21, 2014, filed their monthly operating report for June 2014. The Debtor listed a net loss of $464,607 over net operating revenues of $1.48 million for June, an increase from the $323,468 net loss suffered for the previous month. The Debtor recorded total assets of $20.57 million, total liabilities of $49 million, and a total shareholders' equity of -$28.43 million. The Debtor started the month with -$123,787 cash. It reported $4.67 million in total cash receipts and $4.47 million in total cash disbursements. At month end, the Debtor had $80,619 cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SPECIALTYHOSPITALjune2014mor.pdf About Specialty Hospital Specialty Hospital of America LLC operates nursing home facilities and long-term acute care hospitals. On April 23, 2014, an involuntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 14- 10935) was filed against Specialty Hospitals of Washington, LLC ("SHDC"). Capitol Hill Group and five other alleged creditors who signed the involuntary bankruptcy petition are represented by Stephen W. Spence, Esq., at Phillips, Goldman & Spence, in Wilmington, Delaware. Capitol Hill Group claims to be owed $1.66 million on a lease for non-residential real property while another creditor, Metropolitan Medical Group, LLC, claims $837,000 for physician services. The petitioners assert $2.69 million in total claims. On May 9, 2014, the Delaware court transferred the case to Washington, D.C. (Bankr. D.C. Case No. 14-00279). On May 21, 2014, SHDC filed an answer and consent for relief under Chapter 11. Also on May 21, six affiliates of SHDC, including Specialty Hospital of America, LLC filed for Chapter 11 protection. The U.S. Bankruptcy Court entered an order directing the joint administration the cases under Specialty Hospital of Washington, LLC, Case No. 14-00279. The Debtors announced plans to sell all of their assets in exchange for a $15 million debtor-in-possession loan from Silver Point Capital, which will allow the Debtors to continue operating through the bankruptcy process. Specialty Hospital of America estimated between $10 million and $50 million in assets and between $50 million and $100 million in liabilities in its bankruptcy petition. The Debtors are represented by Pillsbury Winthrop Shaw Pittman LLP as counsel. Alvarez and Marsal Healthcare Industry Group, LLC, serves as the Debtorsv financial advisor. Cain Brothers & Company, LLC, is the Debtorsv investment banker. The U.S. Trustee has named three members to the Official Committee of Unsecured Creditors. SPECIALTY HOSPITAL: Suffers $323,468 Net Loss in July ----------------------------------------------------- Specialty Hospital of Washington, LLC filed, on August 20, 2014, its monthly operating report for the month of July 2014. The Debtor suffered a net loss of $323,468 on a net operating revenue of $474,262. The Debtors, at July 31, had total assets of $20.55 million, total liabilities of $49.72 million, and a total shareholders' equity of -$29.17 million. The Debtor had $80,619 cash at the beginning of the month. It posted total cash receipts of $5.83 million and total cash disbursements of $5.94 million. As a result, the Debtor had -$24,970 cash at the end of the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/SPECIALTYHOSPITALjuly2014mor.pdf About Specialty Hospital Specialty Hospital of America LLC operates nursing home facilities and long-term acute care hospitals. On April 23, 2014, an involuntary petition for relief under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No. 14- 10935) was filed against Specialty Hospitals of Washington, LLC ("SHDC"). Capitol Hill Group and five other alleged creditors who signed the involuntary bankruptcy petition are represented by Stephen W. Spence, Esq., at Phillips, Goldman & Spence, in Wilmington, Delaware. Capitol Hill Group claims to be owed $1.66 million on a lease for non-residential real property while another creditor, Metropolitan Medical Group, LLC, claims $837,000 for physician services. The petitioners assert $2.69 million in total claims. On May 9, 2014, the Delaware court transferred the case to Washington, D.C. (Bankr. D.C. Case No. 14-00279). On May 21, 2014, SHDC filed an answer and consent for relief under Chapter 11. Also on May 21, six affiliates of SHDC, including Specialty Hospital of America, LLC filed for Chapter 11 protection. The U.S. Bankruptcy Court entered an order directing the joint administration the cases under Specialty Hospital of Washington, LLC, Case No. 14-00279. The Debtors announced plans to sell all of their assets in exchange for a $15 million debtor-in-possession loan from Silver Point Capital, which will allow the Debtors to continue operating through the bankruptcy process. Specialty Hospital of America estimated between $10 million and $50 million in assets and between $50 million and $100 million in liabilities in its bankruptcy petition. The Debtors are represented by Pillsbury Winthrop Shaw Pittman LLP as counsel. Alvarez and Marsal Healthcare Industry Group, LLC, serves as the Debtorsv financial advisor. Cain Brothers & Company, LLC, is the Debtorsv investment banker. The U.S. Trustee has named three members to the Official Committee of Unsecured Creditors. YARWAY CORPORATION: Net Loss Up to $2.77 Million in July -------------------------------------------------------- Yarway Corporation, on August 25, 2014, filed its monthly operating report for the month of July 2014. The Debtor suffered a net loss of $2.77 million in July, an increase from the $763,630 net loss recorded for the previous month. At June 30, the Debtor posted total assets of $100.95 million, total liabilities of $258.25 million, and a total shareholders' equity of -$156.69 million. The Debtor had $9.04 million cash at the beginning of the month. It recorded zero receipts and $384,277 in total disbursements. The Debtor incurred professional fees of $372,432. As a result the Debtor ended the month with $8.65 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/YarwayCorporationmorJuly2014.pdf About Yarway Corporation Yarway Corporation sought Chapter 11 protection (Bankr. D. Del. Case No. 13-11025) on April 22, 2013, to deal with claims arising from asbestos containing products it allegedly sold as early as the 1920s. Yarway was founded in 1908 by Robert Yarnall and Bernard Waring as the Simplex Engineering Company and originally manufactured pipe clamps, steam traps, valves and controls. Based in Pennsylvania, Yarway was a privately-owned company until 1986 when KeyStone International, Inc. bought equity in the company. Yarway became a unit of Tyco International Ltd. when Tyco purchased KeyStone in 1997. Yarway's asbestos-related liabilities derive from Yarway's (i) purported use of asbestos-containing gaskets and packing, manufactured by others, in its production of steam valves and traps from the 1920s to 1970s, and (ii) alleged manufacture of expansion joint packing that was allegedly made up of a compound of Teflon and asbestos from the 1940s to the 1970s. Over the past five years, about 10,021 new asbestos claims have been asserted against Yarway, including 1,014 in Yarway's 2013 fiscal year ending March 31, 2013. The Debtor estimated assets and debts in excess of $100 million as of the Chapter 11 filing. Attorneys at Cole, Schotz, Meisel, Forman & Leonard, P.A. and Sidley Austin LLP serve as the Debtor's counsel in the Chapter 11 case. Logan and Co. is the claims and notice agent. On May 6, 2013, the U.S. Trustee for Region 3, appointed an official committee of asbestos personal injury claimants. The Committee tapped Elihu Inselbuch, Esq. at Caplin & Drysdale, Chartered, as lead bankruptcy counsel. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers' public debt and equity securities about which we report. 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On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to the nation's bankruptcy courts. The list includes links to freely downloadable of these small-dollar petitions in Acrobat PDF documents. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2014. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $975 for 6 months delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Peter A. 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